Sunday, May 24, 2009

In today's FT: China stuck in 'dollar trap', Brown demands Labour M...


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Financial Times
In today's FT
Monday May 25 2009

Financial Times - UK Homepage
 
China stuck in 'dollar trap'
China's official foreign exchange manager is still buying record amounts of US government bonds, in spite of Beijing's fear of a dollar collapse, say officials and analysts
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/C8549/9A/h
 
Brown demands Labour MEPs publish receipts
UK premier Gordon Brown will try to regain the initiative in the MPs' expenses scandal by forcing Labour members of the European parliament to publish receipts
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/5UCV9/9A/h
 
Africa almost giving land away, says UN
African states are giving away vast tracts of farmland almost for free, with the only benefits consisting of vague promises of jobs and infrastructure, says a new report
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/RKN36/9A/h
 

Financial Times - US homepage
 
US army hints at softer Iran stance
The US's top military official appeared to suggest that the US could accept Iran retaining its capacity to enrich uranium provided it abandoned efforts to develop nuclear weapons
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/GCKD3/9A/h
 
Toyota knocked as suppliers' top customer
Survey suggests Japanese carmakers Toyota and Honda are putting almost as much pressure on suppliers to lower prices as are the three Detroit carmakers
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/F0XK3/9A/h
 
ECB staff to strike over pensions
Staff at the European Central Bank have called their first strike, in a protest over planned changes to their pension scheme
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/9HZ7K/9A/h
 

Financial Times - Europe homepage
 
Decision on state aid to Arcandor delayed
The German government is pushing Arcandor, the troubled retailer, and its rival Metro for details about a possible merger of their department stores
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/PWRFM/9A/h
 
Fiat revises takeover plan for Opel
Fiat has filed a revised takeover plan for Opel, the European unit of US carmaker General Motors, in what is being seen as a last-minute attempt to win over German politicians and unions, many of whom back a rival bid led by Canadian group Magna
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/C8541/9A/h
 
Thousands in Korea mourn Roh's death
Tens of thousands of mourners gathered across South Korea to pay their final respects to Roh Moo-hyun, a former president who committed suicide at the weekend as he faced a growing corruption scandal
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/TYPUI/9A/h
 

Financial Times - Asia homepage
 
Deccan founder to launch delivery service
Man who revolutionised India's aviation industry with his low-fare carrier Air Deccan, will this week launch an express delivery service in India
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/F0XKI/9A/h
 
PetroChina secures 45% SPC stake
PetroChina, the state energy group, has agreed to pay $1bn for 45.5 per cent of Singapore Petroleum Company and will carry out a mandatory general offer for the remaining 54.5 per cent of the energy company as soon as the deal is granted Chinese regulatory approval
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/SD3PD/9A/h
 
Chill wind blows for triple A nations
Fears have grown that big economies, such as the US and Germany, could be in danger of downgrades after the UK was recently warned that it could lose its top-notch credit rating
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/SD3P3/9A/h
 

FT.com - World
 
Pakistan urges US to stop drone attacks
Attacks by US drones on Pakistani territory are "counter-productive" because they undermine Islamabad's efforts to isolate militants, Pakistan prime minister says
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/VE1LY/9A/h
 
Japan eases up on swine-flu measures
Japan is easing up on its concerns about the severity of its swine flu outbreak and local authorities are re-opening schools in the most affected areas
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/QXFNP/9A/h
 
Singh fills key cabinet posts
India's new government has turned to a veteran politician and Gandhi family loyalist to take over the country's finance portfolio at a time when the economy is battling the effects of the global financial downturn
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/AB7MY/9A/h
 
Zuma should learn from Lula
The leaders of South Africa and Brazil have much in common
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/I2YIO/9A/h
 

FT.com - Companies
 
NordLB chief warns of 'ugly' years
Gunter Dunkel, CEO of one of Germany's biggest banks, is pessimistic about the chance of early recovery in the financial sector but rejected the idea of a forced consolidation of Landesbanken
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/9HZ7T/9A/h
 
Bidders pitch for Australian Aviva arm
The auction of Aviva's Australian assets has narrowed down to a handful of bidders, including some of Australia's biggest banks
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/PWRFF/9A/h
 
RBS details new incentive scheme
Royal Bank of Scotland has outlined an incentive plan that will benefit four senior executives who will be eligible to collect close to £5m worth of shares in three years time if certain performance criteria is met
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/I2YIL/9A/h
 
Ranbaxy chief to step down
Malvinder Singh is stepping down as chief executive of the Indian generic drugs group amid signs that its new majority owner, Japan's Daiichi Sankyo, is exerting increasing control
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/UIU17/9A/h
 
Reliance to test Indian market with IPO
The offering of Reliance Life Insurance, part of the group controlled by billionaire industrialist Anil Ambani, would be the first listing of a life insurance or general insurance company in India
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/4P0C7/9A/h
 

FT.com - Comment and analysis
 
Why Obama owes Bush an apology
Barack Obama is adjusting the Bush administration's "war powers" approach to fighting terrorism here and there, and seeks to put it on a sounder legal footing. This recalibration is significant but by no means the entirely new approach that he led voters to expect, says Clive Crook
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/GCKDR/9A/h
 
We cannot inflate our way out of this crisis
Tempting as it may be, it is a beggar-thy-neighbour policy and would come to be regarded as such by many countries. Stimulating inflation would solve no problems and create new ones, writes Wolfgang Münchau
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/C854U/9A/h
 
Tainted data hide the cost of Africa's upheavals
A count of lives lost in war or famine is little more than guesswork when basic population figures are in dispute, write Michael Holman and Greg Mills
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/F0XKD/9A/h
 
It is time to update the ancient constitution
Britain needs a charter of rights, a parliament reformed by serious bicameralism and symmetrical devolution, writes Larry Siedentop
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/4P0CZ/9A/h
 

FT.com - Business Life
 
Frank lessons in business
As CEO, Frank Appel says Deutsche Post just needs to be better at what it does
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/C854L/9A/h
 
Little luxuries console consumers
Downturns promote affordable treats, but now there is an added premium on value
http://link.ft.com/r/TWK799/1RA5A/NFOGM/O76AJ/YSHBR/9A/h
 
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FT.com - In depth
MPs' expenses
Indian general election
Swine flu
European elections 2009
WEF on the Middle East

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