FURTHER FURTHER READING
- Study: more men on the "daddy" track.
- "Hot" money stays sticky in India.
- The return of Martin Wolf, who endorses Janet Yellen.
- The US deficit is plunging and nobody cares.
- Warren Mosler and John Carney against the taper.
FT ROUND-UP
Dimon memo outlines overhaul of JPMorgan structure: "Jamie Dimon told staff that "simplifying" JPMorgan Chase was at the forefront of the bank's response to a wave of regulatory probes, ahead of a settlement for the "London whale" trading episode." (Financial Times)
Boeing swoops closer to capturing South Korea fighter contract: "Lockheed Martin is battling to remain in contention to sell its F-35 Joint Strike Fighter to South Korea, after the key US ally indicated that it favoured Boeing's cheaper competitor." (Financial Times)
China reforms open way for short-sellers: "China has quietly embarked on a new push for financial reform, unveiling a series of measures in recent days that advance the cause of capital market liberalisation. Regulators have tripled the size of a trial programme that allows investors to short shares, and indicated that they want to let more private cash into the state-dominated banking sector. They also have taken steps to support the issuance of local government bonds and opened the country's closely guarded capital account a little wider." (Financial Times)
Study points to vast shale oilfields: "Shale oilfields in countries such as Argentina, Russia and Algeria hold larger reserves than the regions at the heart of the US energy boom, and have the potential to make a significant contribution to global crude supplies in the next decade, according to new research." (Financial Times)
