In today's FT: US banks reassert market cap dominance, Help to Buy ...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/J0VG55/IE2GCI/0SJ8NC/IY8ZJL/   In today's FT Tuesday July 23 2013 UK Homepage   US banks reassert market cap dominance Shares in big financials have gained on back of stronger earnings, while emerging resources hit by falling commodity prices http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/OF4VKB/6C/h?a1=2013&a2=7&a3=22   Help to Buy sparks £1.3bn house sales Figures come as chancellor reveals further details on second – and more controversial – part of package: a scheme to guarantee part of high loan-to-value mortgages http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/87TFB1/6C/h?a1=2013&a2=7&a3=22   Belarus looks to China for investment Alexander Lukashenko, the authoritarian president of Belarus, hopes to drum up loans and investments from China to spur his country's slowing economy http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/9MHN84/6C/h?a1=2013&a2=7&a3=22   Financial Times - US homepage   Parties in US limber up for budget wars Conflict is expected over both the budget and the need to lift the US debt ceiling to allow the government to continue to borrow http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/OF4VX7/6C/h?a1=2013&a2=7&a3=22   NY airport cancels flights after plane's nose gear collapses SouthWest said eyewitness reports indicated the landing gear of the aircraft – carrying 150 passengers and crew – collapsed on landing http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/A5B382/6C/h?a1=2013&a2=7&a3=22   Time to get used to 'God Save the King' again Queen's reign has seen the role change into one that now seems naturally feminine – but she is set to be succeeded by a run of at least three kings http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/7ZLRHO/6C/h?a1=2013&a2=7&a3=22   Financial Times - Europe homepage   GSK admits wrongdoing in China UK drugs group admits for the first time that some of its employees appear to have violated the law and issues a pledge to cut prices in the country http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/MJM04M/6C/h?a1=2013&a2=7&a3=22   Developers jump into India's housing gap Private property developers are increasingly keen to build homes for people on low incomes but the push is unlikely to be enough to meet demand http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/T1YMEE/6C/h?a1=2013&a2=7&a3=22   Telefónica in talks to buy KPN's E-Plus Shares in the two groups rise after they confirm negotiations for the acquisition of KPN's German unit that could value the combined entity at €16bn http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/MJM04X/6C/h?a1=2013&a2=7&a3=22   Financial Times - Asia homepage   Abe issues party rallying cry after poll win LDP-led coalition controls both chambers of parliament for the first time since 2007, but faces internal split over trade negotiations http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/T1YMEW/6C/h?a1=2013&a2=7&a3=22   Third Point sells down Yahoo holding The activist investment group run by Dan Loeb has sold the majority of its shares in Yahoo after more than doubling its investment http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/20NEPT/6C/h?a1=2013&a2=7&a3=22   Hizbollah military wing on EU terror list EU foreign ministers take unanimous decision at Brussels meeting to blacklist Lebanese Shia group following a two-month campaign led by the UK http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/VTE4ST/6C/h?a1=2013&a2=7&a3=22   World News   Portugal PM aims to keep bailout on track The reassurances drove bonds and shares higher amid renewed investor hope that the Lisbon government would be able to push on with reforms http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/IE2G7J/6C/h?a1=2013&a2=7&a3=22   Libertarian Republicans delay Pentagon bill The delay over the defence appropriations bill is one sign of the mounting criticism among rank-and-file members of Congress over National Security Agency surveillance http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/SUD7E0/6C/h?a1=2013&a2=7&a3=22   Morsi family accuses army of kidnapping Mohamed Morsi remains in detention and has had no contact with outside world since he was overthrown, despite calls for release http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/JQA8MT/6C/h?a1=2013&a2=7&a3=22   Hizbollah has become a state above the state The western capitals that have acted in the interests of Lebanese stability do not seem to have noticed what is keeping the country stable http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/YGSKFH/6C/h?a1=2013&a2=7&a3=22   Detroit fears greater pension liabilities Overly optimistic assumptions and questionable investments blamed for potential underestimate of bankrupt city's $3.5bn in pension fund liabilities http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/4VP9LS/6C/h?a1=2013&a2=7&a3=22   Companies News   Netflix shares hit by growth concerns Although the shares fell 6.6% to $244.60, they have surged more than 230% in the past 12 months, amid enthusiasm for the company's original series http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/87TFGD/6C/h?a1=2013&a2=7&a3=22   SAP's drift to US spelt the end for Snabe The two chief executives of German group SAP had worked 'fabulously' together but a drift towards the US augured badly for the Europe-based Jim Snabe http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/9MHN8J/6C/h?a1=2013&a2=7&a3=22   Kay review chimes with spirit of the times Of the 17 recommendations in Professor John Kay's report, most have been addressed by regulators or the industry itself one year on from its publication http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/DX61CQ/6C/h?a1=2013&a2=7&a3=22   EU telcos pressured on regulatory worries European telecom shares came under selling pressure on Monday as investors worried about the impact of Brussels' push to eliminate roaming fees http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/GYCH2G/6C/h?a1=2013&a2=7&a3=22   Audit remedies fail to please Big Four's critics Critics say the UK Competition Commission has not gone far enough in its package of remedies for the audit industry announced on Monday http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/T1YMQZ/6C/h?a1=2013&a2=7&a3=22   Markets   Stocks firm as gold bounces Equity markets made a positive start to the week as investors brushed off disappointing earnings and a gloomy outlook from McDonald's http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/LS7O46/6C/h?a1=2013&a2=7&a3=22   High-frequency trader fined in transatlantic clampdown US and UK authorities have used beefed-up powers to punish a small high-frequency trading firm for attempting to rig commodity markets http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/6A1JHI/6C/h?a1=2013&a2=7&a3=22   ECB quells markets with 'Dirty Harry' act Without the ECB buying a single bond, the market borrowing costs of stressed eurozone countries have tumbled http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/20NEP3/6C/h?a1=2013&a2=7&a3=22   Bailouts can turn a profit for lenders Bailouts by central banks acting as lender of last resort typically end up profitable for those taking on the risk, says Andreas Utermann http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/ULI59P/6C/h?a1=2013&a2=7&a3=22   US watchdog acts on metals warehousing The Commodity Futures Trading Commission has sent letters ordering warehouse owners to retain documents related to their operations in recent days http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/3C3QU8/6C/h?a1=2013&a2=7&a3=22   Financial Times - Comment   Facts collide with ideology on Europe The UK government's audit of relations with the EU is coming up with the wrong answers as far as Conservative party eurosceptics are concerned http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/T1YMQH/6C/h?a1=2013&a2=7&a3=22   The government's flimsy youth contract The focus should be on keeping youngsters in employment for more than six months rather than on applications numbers for temporary wage subsidies http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/SUD7E7/6C/h?a1=2013&a2=7&a3=22   Cameron falls prey to the lure of intrusion The political class in Britain is entranced by experts and campaign groups that are restless to legislate away social problems http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/T1YMEQ/6C/h?a1=2013&a2=7&a3=22   Wrong to portray Germany as the winner The eurozone should be closer to the old Bretton Woods currency system, under which countries could exit and re-enter at different prices http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/NR5CXT/6C/h?a1=2013&a2=7&a3=22   Abe's win is great news for Japan The recovery of the Japanese economy and the prime minister's continued electoral success present the perfect opportunity for further reform http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/3C3Q1V/6C/h?a1=2013&a2=7&a3=22   Financial Times - Management   What makes a perk work A burst of generosity can be of benefit it has been well planned and enhances connections to the workplace http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/A5B380/6C/h?a1=2013&a2=7&a3=22   Tour of duty theory destabilises troops The co-founder of LinkedIn's idea of companies hiring staff for only four-year periods reads like a manifesto for a generation of selfish careerists http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/IE2G7I/6C/h?a1=2013&a2=7&a3=22   Retailer makes small changes John Lewis takes what it terms a 'logical incremental' approach to growth, taking small steps and monitoring the result closely http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/3C3Q17/6C/h?a1=2013&a2=7&a3=22   Lexus's Instagram video The brand has devised a creative way to tap social media for advertising but in spite of the novelty value, the pickup level is low, writes Emily Steel http://link.ft.com/r/J0VG55/DXL7YF/EWTCE3/DX5ZU7/20NEPF/6C/h?a1=2013&a2=7&a3=22   Special Reports - FT.com The Connected Business Aerospace Responsible Business Video Lex Next steps for UBS UBS shares rise on a new settlement involving US mortgage-backed securities. 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