In today's FT: Twitter valuation soars to $18bn, Shell moves to res...

 
 
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Thursday November 07 2013
 
 
UK Homepage
 
Twitter valuation soars to $18bn
 
Despite a last-minute warning from a top US that technology companies with many users do not always convert them into large profits, the issue was priced near the top of the range
 
 
 
Shell moves to resume Arctic drilling
 
 
Smartphone race wears on Qualcomm
 
 
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Video
 
Vestas turnround
 

The turbine maker raised its free cash flow target from €200m to €500m-€700m for the full year and its operating profit margin from 1% to 2%, boosting its share price by 15%. Lex's Nikki Tait and Julia Grindell discuss Vestas's outlook.

 
US homepage
 
Dorsey's Square in talks over IPO
 
Decision on flotation of payments company led by Twitter co-founder Dorsey, will depend on continuation of stock market conditions favourable to tech groups
 
 
 
US seeks 'first step' Iranian nuclear deal
 
 
Asia bourses jittery ahead of China summit
 
Europe homepage
 
EM bond rebound brings record within reach
 
Developing world debt sales back strongly after summer of turmoil, leading to forecasts of a second bumper year of overall issuance
 
 
 
Spanish judge orders arrest of ex-bankers
 
 
De Blasio brings change of tone to New York
 
Asia homepage
 
University exam brings S Korea to standstill
 
Traffic was halted and offices delayed opening as 650,000 South Korean students took the critical University entrance exam – seen as key to career and marriage prospects in the education obsessed country
 
 
 
US to sell $15bn of floating rate debt
 
 
India reveals shake-up of foreign bank rules
 
World News
 
Abe adviser threatens to quit over reforms
 
One of Japan's leading entrepreneurs questions Shinzo Abe's appetite for reform as an early initiative – deregulation of online drug sales – seems to be foundering
 
 
 
Mexico to upgrade oil reforms
 
 
ECB considers options as prices fall
 
 
BAE move sparks Scottish jobs warning
 
 
Britain's spymasters step out of the shadows
 
Companies News
 
Brazil's Vale rises on Chinese demand
 
Brazilian iron ore producer posts first quarterly profits increase in two years aided by cost cuts and China steelmakers replenishing stocks
 
 
 
Twitter's IPO price: out of the nest
 
 
Experian acquires US data group for $850m
 
 
Dodd accuses Google over film piracy
 
 
Allen & Overy pressed witness, court told
 
Markets
 
Stocks firm as bullish tone revives
 
Equities are mostly firmer ahead of the European Central Bank's interest rate decision on Thursday and Friday's US jobs report
 
 
 
Regulators urge rewrite for derivative contracts
 
 
Quant funds suffer dismal 'QE' losing run
 
 
Tumbling US oil price transforms trading
 
 
Coffee slides on strong Colombia supplies
 
Comment
 
China haunted by demographics
 
The country faces a gargantuan challenge requiring sweeping reforms that its leaders will struggle to carry out
 
 
 
The forex market encourages crime
 
 
Labour's switch can damage the coalition
 
 
Greece could become the next Weimar
 
 
A personal touch to election bribery
 
Management
 
Jordan's digital green shoots
 
The accelerator Oasis500 is nurturing a generation of start-ups to capitalise on the country's lively IT sector
 
 
 
Ryanair, Airbus and nightmare flights
 
 
'Hatching Twitter' by Nick Bilton
 
 
Design space: Ecoteller low-power ATM
 
 
 
 
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