In today's FT

View an online version of this email here.  All times are London time: Wednesday Mar 04 2009 Financial Times - UK Homepage BP chief hints at dividend freeze Mar 03 2009 23:31 BP expects to freeze its dividend this year, its chief executive has told the Financial Times, as the company struggles to adjust to the plunge in the price of oil to about $45 a barrel Read more » GM urges EU states to come to its aid Mar 03 2009 14:56 The struggling US carmaker said that its European arm could run out of money by as early as next month, putting up to 300,000 jobs on the continent at risk Read more » Australian economy shrinks 0.5% Mar 04 2009 02:35 Australia's economy unexpectedly shrank for the first time in eight years in the calendar fourth quarter, reviving pressure for more monetary and fiscal stimulus. The news pushed down share markets and undermined the Australian dollar Read more » Financial Times - US homepage AIG still facing huge credit losses Mar 03 2009 22:03 AIG, the insurer controlled by the US government, still faces billions of dollars in potential losses on credit guarantees it provided for complex subprime mortgage securities, in spite of its $62bn fourth-quarter loss and regulatory efforts to unwind its holdings, company filings show Read more » GM urges EU states to come to its aid Mar 03 2009 14:56 The struggling US carmaker said that its European arm could run out of money by as early as next month, putting up to 300,000 jobs on the continent at risk Read more » To nationalise or not – that is the question Mar 03 2009 19:52 We are painfully learning that the world's mega-banks are too complex to manage, too big to fail and too hard to restructure. Nobody would wish to start from here. But, as worries in the stock market show, banks must be fixed, in an orderly and systematic way, writes Martin Wolf Read more » Financial Times - Europe homepage GM urges EU states to come to its aid Mar 03 2009 14:56 The struggling US carmaker said that its European arm could run out of money by as early as next month, putting up to 300,000 jobs on the continent at risk Read more » BP chief hints at dividend freeze Mar 03 2009 23:31 BP expects to freeze its dividend this year, its chief executive has told the Financial Times, as the company struggles to adjust to the plunge in the price of oil to about $45 a barrel Read more » To nationalise or not – that is the question Mar 03 2009 19:52 We are painfully learning that the world's mega-banks are too complex to manage, too big to fail and too hard to restructure. Nobody would wish to start from here. But, as worries in the stock market show, banks must be fixed, in an orderly and systematic way, writes Martin Wolf Read more » Financial Times - Asia homepage Australian economy shrinks 0.5% Mar 04 2009 02:35 Australia's economy unexpectedly shrank for the first time in eight years in the calendar fourth quarter, reviving pressure for more monetary and fiscal stimulus. The news pushed down share markets and undermined the Australian dollar Read more » AIG still facing huge credit losses Mar 03 2009 22:03 AIG, the insurer controlled by the US government, still faces billions of dollars in potential losses on credit guarantees it provided for complex subprime mortgage securities, in spite of its $62bn fourth-quarter loss and regulatory efforts to unwind its holdings, company filings show Read more » Toyota seeks $2bn crisis loan Mar 03 2009 18:30 The financial services unit of the Japanese carmaker has applied for a state-backed emergency funding because it has struggled to obtain funding amid the global market turmoil Read more » FT.com - World Obama backs UK on crisis co-ordination Mar 03 2009 23:28 President Barack Obama has backed British efforts to forge a co-ordinated global response to the economic crisis following talks with Gordon Brown , the UK prime minister, in Washington Read more » Australian economy shrinks 0.5% Mar 04 2009 02:35 Australia's economy unexpectedly shrank for the first time in eight years in the calendar fourth quarter, reviving pressure for more monetary and fiscal stimulus. The news pushed down share markets and undermined the Australian dollar Read more » Russia hails new US tone on missiles Mar 03 2009 23:37 Russia and the US dismiss suggestions of a "quid pro quo" deal on Washington's defence plans for central Europe but their presidents stress improved prospects for co-operation Read more » Call for a fresh crackdown on tax havens Mar 03 2009 20:27 France and Germany have proposed a crackdown on tax havens and offshore financial centres, insisting that banks that use them be forced to put aside higher capital to offset the risk to the financial system Read more » Cricket terror raises India-Pakistan tension Mar 03 2009 19:24 Pakistan and India traded fresh accusations after gunmen opened fire on the Sri Lankan cricket team in the Pakistani city of Lahore Read more » FT.com - Companies MGM Mirage warns of debt default risk Mar 04 2009 01:34 MGM Mirage, the gaming operator that owns some of the world's best-known casinos warns that it is at risk of defaulting on its debt, underscoring the steep downturn in the global gaming sector Read more » GM urges EU states to come to its aid Mar 03 2009 14:56 The struggling US carmaker said that its European arm could run out of money by as early as next month, putting up to 300,000 jobs on the continent at risk Read more » BP chief hints at dividend freeze Mar 03 2009 23:31 BP expects to freeze its dividend this year, its chief executive has told the Financial Times, as the company struggles to adjust to the plunge in the price of oil to about $45 a barrel Read more » Hedge fund charities start to feel the pinch Mar 03 2009 23:31 The pain felt by hedge funds in the past year is hitting philanthropy, with Europe's biggest charity fundraising event cutting back Read more » Best Buy delays launch of first UK store Mar 03 2009 23:32 The US electronics retailer has pushed back the timing for its assault on the UK with its joint venture partner Carphone Warehouse, as it grapples with troubles in its own backyard Read more » FT.com - Financial Markets News Overview: Investors fearful after Fed warning Mar 03 2009 22:46 Bernanke urges further aggressive action to bolster economy Read more » Asian shares slip on grim economic outlook Mar 04 2009 03:19 Asian stocks edged lower for a fifth day while the US dollar rose to a three-year high against a basket of currencies after Federal Reserve Chairman Ben Bernanke gave a grim view on the financial sector and fresh data showed Australia edging towards recession Read more » Insurers and financials foil Wall Street Mar 03 2009 21:53 The benchmark S&P 500 index closed the day below the 700 points level for the first time since October 1996 in a choppy trading session dominated by news coming from Washington Read more » Aussie dollar rallies after rate decision Mar 03 2009 18:16 The country's central bank surprised investors by leaving interest rates on hold at 3.25 per cent Read more » FTSE extends six-year lows below 3,600 Mar 03 2009 20:54 London markets tumbled for a second day, with the benchmark 235 points away from a 13-year closing low Read more » FT.com - Comment and analysis To nationalise or not – that is the question Mar 03 2009 19:52 We are painfully learning that the world's mega-banks are too complex to manage, too big to fail and too hard to restructure. Nobody would wish to start from here. But, as worries in the stock market show, banks must be fixed, in an orderly and systematic way, writes Martin Wolf Read more » How the competent bankers can be assisted Mar 03 2009 19:56 An interlude of nationalisation, followed by the reflotation of narrowly focused retail banks, is now the least bad route to the principal public objective, writes John Kay Read more » An epic battle looms over Obama's big push Mar 03 2009 19:51 Republicans have no choice but to wage all-out war against the US president's proposals for a new era of progressive government, writes Roger Altman Read more » A trade surplus is not always a sign of strength Mar 03 2009 20:06 It is far from clear that a relatively bigger industrial sector would improve Britain's economic prospects, writes Simon Tilford Read more » French lessons on the state's new role Mar 03 2009 20:01 A British version of Gaullism, on the free-trade-friendly definition, might find a ready audience, writes Howard Davies Read more » FT.com - Business Life The right ingredients Mar 03 2009 20:47 Wagamama founder Alan Yau says the time is right to open a new chain in China Read more » ABOUT THIS EMAIL You have received this email because you have signed up for this briefing on FT.com Manage subscriptions | Unsubscribe | Change your email address Change whether you receive this email as HTML or plain text | Forward this email to a friend Privacy policy | Advertise | Contact © Copyright The Financial Times Ltd 2009. 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