Spain’s PM says the country is at ‘serious risk’ of a borrowing freeze or being forced to ‘borrow at astronomical prices’ without austerity measures
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Rajoy warns Spain faces market exile
Financial Times - UK Homepage16 May 2012 | 4:56 am -
Rajoy warns Spain faces market exile
Financial Times - US homepage16 May 2012 | 4:56 amSpain’s PM says the country is at ‘serious risk’ of a borrowing freeze or being forced to ‘borrow at astronomical prices’ without austerity measures -
Asia and the Americas boost Richemont
Financial Times - Europe homepage16 May 2012 | 5:07 amSwiss luxury goods group behind the Cartier brand issues outlook of ‘cautious optimism’ as sales and net profits rise well beyond market expectations -
Shares extend losses on Greece fears
Financial Times - Asia homepage16 May 2012 | 4:03 amGrowth-focused assets are tumbling to multi-month lows as investors fear a Greek euro exit could exacerbate the eurozone’s debt crisis -
Shares extend losses on Greece fears
Financial Times - Middle East Homepage16 May 2012 | 4:03 amGrowth-focused assets are tumbling to multi-month lows as investors fear a Greek euro exit could exacerbate the eurozone’s debt crisis
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Financial Times - UK Homepage
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Rajoy warns Spain faces market exile
16 May 2012 | 4:56 amSpain’s PM says the country is at ‘serious risk’ of a borrowing freeze or being forced to ‘borrow at astronomical prices’ without austerity measures -
Surprise fall in UK unemployment
16 May 2012 | 4:32 amUnemployment in the UK falls unexpectedly by 45,000 to 2.63m while average earnings growth slowed to 0.6 per cent compared with a year earlier -
Mladic genocide trial opens in The Hague
16 May 2012 | 4:13 amProsecutors begin proceedings by promising to link the former Bosnian Serb commander to atrocities committed by his forces in the 1992-95 war -
Shares extend losses on Greece fears
16 May 2012 | 4:03 amGrowth-focused assets are tumbling to multi-month lows as investors fear a Greek euro exit could exacerbate the eurozone’s debt crisis -
EADS hit by charge on A380 wing cracks
16 May 2012 | 3:36 amThe maker of the A380 was hit by a €158m charge in the first quarter related to problems with the superjumbo’s wings, but raised its 2012 profit guidance
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Financial Times - US homepage
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Rajoy warns Spain faces market exile
16 May 2012 | 4:56 amSpain’s PM says the country is at ‘serious risk’ of a borrowing freeze or being forced to ‘borrow at astronomical prices’ without austerity measures -
Shares extend losses on Greece fears
16 May 2012 | 4:03 amGrowth-focused assets are tumbling to multi-month lows as investors fear a Greek euro exit could exacerbate the eurozone’s debt crisis -
Romney continues march towards nomination
16 May 2012 | 3:06 amFormer Massachusetts governor and private equity executive wins Nebraska and Oregon as he focuses on the ‘prairie fire of debt ... sweeping the nation’ -
GE to buy Australia’s Industrea for A$700m
15 May 2012 | 11:48 pmUS group build its global business serving resource industries with the acquisition of Industrea and Fairchild International of America -
GM to pull back on Facebook advertising
15 May 2012 | 5:33 pmGeneral Motors plans to stop paying for ads on the website in a move that raises questions about the social network’s business model
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Financial Times - Europe homepage
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Asia and the Americas boost Richemont
16 May 2012 | 5:07 amSwiss luxury goods group behind the Cartier brand issues outlook of ‘cautious optimism’ as sales and net profits rise well beyond market expectations -
Rajoy warns Spain faces market exile
16 May 2012 | 4:56 amSpain’s PM says the country is at ‘serious risk’ of a borrowing freeze or being forced to ‘borrow at astronomical prices’ without austerity measures -
Shipping woes wipe out Maersk profits
16 May 2012 | 4:16 amSettlement of tax dispute in Algeria and investment gains mask first-quarter decline as Danish group highlights problems facing sector -
Mladic genocide trial opens in The Hague
16 May 2012 | 4:13 amProsecutors begin proceedings by promising to link the former Bosnian Serb commander to atrocities committed by his forces in the 1992-95 war -
Shares extend losses on Greece fears
16 May 2012 | 4:03 amGrowth-focused assets are tumbling to multi-month lows as investors fear a Greek euro exit could exacerbate the eurozone’s debt crisis
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Financial Times - Asia homepage
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Shares extend losses on Greece fears
16 May 2012 | 4:03 amGrowth-focused assets are tumbling to multi-month lows as investors fear a Greek euro exit could exacerbate the eurozone’s debt crisis -
BHP scales back $80bn expansion plan
16 May 2012 | 3:38 amMining group’s chairman Jac Nasser warns of further easing of commodity prices and says the business environment has changed -
US customs review delays HTC phone sales
16 May 2012 | 3:15 amDelay in US sales of the Taiwanese group’s flagship smartphones dents hopes of a rebound in the second quarter -
GE to buy Australia’s Industrea for A$700m
15 May 2012 | 11:48 pmUS group build its global business serving resource industries with the acquisition of Industrea and Fairchild International of America -
Merkel and Hollande spell out Greek fear
15 May 2012 | 4:18 pmBoth Berlin and Paris say Athens should remain a full member of euro but they agreed the country must carry out its austerity programme
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Financial Times - Middle East Homepage
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Shares extend losses on Greece fears
16 May 2012 | 4:03 amGrowth-focused assets are tumbling to multi-month lows as investors fear a Greek euro exit could exacerbate the eurozone’s debt crisis -
GM to pull back on Facebook advertising
15 May 2012 | 5:33 pmGeneral Motors plans to stop paying for ads on the website in a move that raises questions about the social network’s business model -
Merkel and Hollande spell out Greek fear
15 May 2012 | 4:18 pmBoth Berlin and Paris say Athens should remain a full member of euro but they agreed the country must carry out its austerity programme -
US and Russia urged to slash nuclear arms
15 May 2012 | 4:00 pmA former senior general has called for an 80% cut to help encourage smaller atomic powers to engage in multilateral arms control negotiations -
EU to push for binding investor pay votes
15 May 2012 | 3:31 pmBarnier’s initiative would hand bank shareholders voting power to curb ‘morally indefensible’ pay and limit the gap between the lowest and highest paid
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Financial Times - Companies
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Profits plummet at BES
16 May 2012 | 5:35 amPortugal’s largest listed lender by market value says there are positive signs the country is avoiding the euro crisis despite an 84% first quarter fall in net profits -
Asia and the Americas boost Richemont
16 May 2012 | 5:07 amSwiss luxury goods group behind the Cartier brand issues outlook of ‘cautious optimism’ as sales and net profits rise well beyond market expectations -
BHP scales back $80bn expansion plan
16 May 2012 | 3:38 amMining group’s chairman Jac Nasser warns of further easing of commodity prices and says the business environment has changed -
EADS hit by charge on A380 wing cracks
16 May 2012 | 3:36 amThe maker of the A380 was hit by a €158m charge in the first quarter related to problems with the superjumbo’s wings, but raised its 2012 profit guidance -
US customs review delays HTC phone sales
16 May 2012 | 3:15 amDelay in US sales of the Taiwanese group’s flagship smartphones dents hopes of a rebound in the second quarter
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FT.com - Energy
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Lamprell tumbles after profit warning
16 May 2012 | 5:40 amDelivery delays on rig components weigh on margins, prompting the Dubai-based oil services group to warn it could swing to a loss in the first half -
BHP scales back $80bn expansion plan
16 May 2012 | 3:38 amMining group’s chairman Jac Nasser warns of further easing of commodity prices and says the business environment has changed -
GE to buy Australia’s Industrea for A$700m
15 May 2012 | 11:48 pmUS group build its global business serving resource industries with the acquisition of Industrea and Fairchild International of America -
Rising costs cut Petrobras profits
15 May 2012 | 7:14 pmBrazil’s state-run oil company, posted a 16 per cent drop in net income for the first quarter after government policies to protect domestic consumers eroded profits -
Chesapeake expands short-term loan to $4bn
15 May 2012 | 6:47 pmStandard & Poor’s downgraded the US natural gas producer’s debt, but the group “strong investor demand” in expanding its loan from $3bn
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Mining company and industry news from the Financial Times
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BHP scales back $80bn expansion plan
16 May 2012 | 3:38 amMining group’s chairman Jac Nasser warns of further easing of commodity prices and says the business environment has changed -
GE to buy Australia’s Industrea for A$700m
15 May 2012 | 11:48 pmUS group build its global business serving resource industries with the acquisition of Industrea and Fairchild International of America -
Two-speed Australian economy creates unease
15 May 2012 | 9:01 amRetail, tourism and manufacturing sectors are struggling with the strong dollar, while resource businesses are enjoying the fruits of the mining boom -
Flagging palladium predicted to rally
14 May 2012 | 3:42 pmReduced Russian stockpile sales and purchases by exchange traded funds are likely to support prices for the precious metal, Johnson Matthey predicts -
Lonmin: Pretoria presses on
14 May 2012 | 10:40 amGiven the challenges, the platinum miner’s performance is not as dire as it seems and its chief executive brings more realism to investor guidance
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Oil & Gas company and industry news from the Financial Times
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Lamprell tumbles after profit warning
16 May 2012 | 5:40 amDelivery delays on rig components weigh on margins, prompting the Dubai-based oil services group to warn it could swing to a loss in the first half -
Rising costs cut Petrobras profits
15 May 2012 | 7:14 pmBrazil’s state-run oil company, posted a 16 per cent drop in net income for the first quarter after government policies to protect domestic consumers eroded profits -
Chesapeake expands short-term loan to $4bn
15 May 2012 | 6:47 pmStandard & Poor’s downgraded the US natural gas producer’s debt, but the group “strong investor demand” in expanding its loan from $3bn -
Chesapeake: in the sights
15 May 2012 | 1:33 pmLike a leak in a petrol station forecourt that has long needed fixing, the chief executive’s role is finally getting the attention it deserves -
Big find boosts Mozambique gasfield
15 May 2012 | 1:00 pmDiscovery could add 20 trillion cubic feet (Tcf) of recoverable gas to resource base estimated at 30tn recoverable units
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Utilities company and industry news with expert analysis from the Financial Times
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EDF confident Hollande will not hurt UK deal
15 May 2012 | 2:29 pmVincent de Rivaz, chief executive, says France’s new president will not block EDF’s plans to build two nuclear reactors in the UK -
Tepco: let there be light
14 May 2012 | 1:31 pmNow that Tepco is about to gain a new shareholder – the Japanese government – there is little incentive for existing investors to hang around -
Hain quits shadow cabinet to promote Severn barrage
14 May 2012 | 1:21 pmPeter Hain, Welsh secretary in the last Labour government, said the project could make an enormous difference to Britain’s energy generation -
Japanese town votes to restart reactors
14 May 2012 | 5:21 amCouncil approves restarting two reactors, potentially paving the way for a return to limited atomic electricity generation in the country -
Eon nears deal to sell gas arm OGE
11 May 2012 | 1:26 pmMacquarie leads effort to buy Open Grid Europe, which would will leave the German utility about €2bn short of completing a €15bn asset sales programme
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FT.com - Industrials
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EADS hit by charge on A380 wing cracks
16 May 2012 | 3:36 amThe maker of the A380 was hit by a €158m charge in the first quarter related to problems with the superjumbo’s wings, but raised its 2012 profit guidance -
DCC blames mild winter for profit fall
15 May 2012 | 5:37 pmUK’s biggest oil products distributor predicts investment will generate rebound as long as economic conditions do not deteriorate -
GM to pull back on Facebook advertising
15 May 2012 | 5:33 pmGeneral Motors plans to stop paying for ads on the website in a move that raises questions about the social network’s business model -
Laird names David Lockwood as new chief
15 May 2012 | 2:52 pmAnalysts have described the appointment of the BT Global Services executive as an “important step” for the FTSE 250 electronics group -
Austerity squeeze lifts Babcock profits 56%
15 May 2012 | 2:20 pmSupport services and defence group maintains bullish outlook for coming year it expects economic climate to present growth opportunities
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Chemicals company and industry news from the Financial Times
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DSM reports positive start to year
8 May 2012 | 5:29 amDutch chemical manufacturer expects results to improve despite weakness in polymer intermediates -
Taiwan investors try to unseat chairman
7 May 2012 | 10:15 amConsortium appeals to international fund managers in an attempt to wrest control of CPDC, a $2bn petrochemicals company -
Energy cost is top worry for chemical groups
30 Apr 2012 | 2:35 pmHigh prices are easily the biggest problem faced, ahead of the regulatory climate and employers’ extra social costs, says the industry -
Immersed in the drama of science
29 Apr 2012 | 9:28 amAfter considering an acting career, Benoît Potier, the chief executive of Air Liquide, found a place on the global stage, writes Peter Marsh -
BASF income hit by raw material costs
27 Apr 2012 | 6:18 amStock in the world’s biggest chemical maker by sales falls after the company says plastics sales declined and net income plummeted 29%
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FT.com - Basic resources
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Holcim outlines plan to boost margins
14 May 2012 | 10:33 amSwiss cement maker eyes $1.6bn uplift in operating profit in Bernard Fontana’s first big initiative since taking over as chief executive -
UK steel furnaces roar back into life
13 May 2012 | 10:53 amFirst export from Teesside for two years heralds a revival of the industry that once a core sector for north-east England and Yorkshire -
Teesport gains from steel’s revival
13 May 2012 | 10:53 amExports will boost port’s activity after facility has relied on container handling to help make up for the loss of shipping for heavy industry -
Mittal sounds cautiously optimistic note
10 May 2012 | 3:20 amHead of world’s largest steelmaker says he sees more confidence in number of key markets and upturn in North America -
Agriculture hits traders Wilmar and Noble
10 May 2012 | 3:04 amThe Singapore-lised commodities trading houses, often seen as a barometer of Asia, both reported a sharp fall in first-quarter earnings
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Construction company and industry news from the Financial Times
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Early investor in Asia rings the changes
14 May 2012 | 6:01 pmThe Kuwait China Investment Company is rebranding to aid its expansion into Asian nations and to lure more Gulf wealth to the ‘New Silk Road’ -
Holcim
14 May 2012 | 11:35 amSwiss cement maker cannot be accused of underplaying its ambitions with its promise to bolster operating profits by at least SFr1.5bn by the end of 2014 -
UK construction sector braced for pain
14 May 2012 | 7:55 amGovernment cuts and delayed commercial projects point to harsh times ahead for building companies, with no recovery predicted until at least 2014 -
Travis Perkins shrugs off rain disruption
14 May 2012 | 4:20 amRevenue of the building materials group rises 4.4% in the first four months of the year, boosted by its acquisition of rival Toolstation -
Constructing rewards out of risk
13 May 2012 | 3:47 pmAfter striking out in Russia, Turkish construction magnate Erman Ilicak has thrived in markets others have avoided, writes Daniel Dombey
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FT.com - Industrial Goods
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ThyssenKrupp posts €1.1bn first-half loss
15 May 2012 | 4:12 amGerman steel and industrial conglomerate tells investors that the worst is over as it strives for full energy efficiency at its Brazilian mill -
GM unveils Europe restructuring plan
14 May 2012 | 12:31 pmStrategy to ‘quickly return to profitability’ outlined by head of European arm Karl-Friedrich Stracke after weak European demand has left Opel plants under-used -
Serco confident after contract wins
14 May 2012 | 4:03 amOutsourcing group reiterates full-year expectations despite problems in its US division which is struggling under the weight of budget delays -
GM to spare Vauxhall at Ellesmere plant
13 May 2012 | 1:25 pmUS carmaker’s business plan includes producing more cars at the site, which employs 2,100 workers there, and cutting its fixed costs -
UK companies poised for Libya work
13 May 2012 | 1:25 pmMove comes as the oil-rich nation presses ahead with plans to restore its tattered infrastructure, including gas, housing, transport and utilities
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Aerospace & Defence company news from the Financial Times
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EADS hit by charge on A380 wing cracks
16 May 2012 | 3:36 amThe maker of the A380 was hit by a €158m charge in the first quarter related to problems with the superjumbo’s wings, but raised its 2012 profit guidance -
Austerity squeeze lifts Babcock profits 56%
15 May 2012 | 2:20 pmSupport services and defence group maintains bullish outlook for coming year it expects economic climate to present growth opportunities -
Greece is fastest-growing market for G4S
15 May 2012 | 3:53 amSecurity group recovers from the loss of several large contracts in 2011 as it prepares to provide 10,500 staff for the London Olympics -
MoD plugs £38bn budget ‘black hole’
14 May 2012 | 1:31 pmDepartment has balanced its budget for the first time in a decade after years of equipment cost overruns and financial mismanagement -
Increased speed comes at a high price
13 May 2012 | 5:47 pmWhile aircraft makers are developing high-speed helicopters for military use, their commercial future for civilian purposes is uncertain
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Automobiles company and industry news from the Financial Times
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GM to pull back on Facebook advertising
15 May 2012 | 5:33 pmGeneral Motors plans to stop paying for ads on the website in a move that raises questions about the social network’s business model -
Green cars to drive down tax receipts
14 May 2012 | 6:04 pmGrowth in sales of fuel efficient, duty exempt vehicles will leave a £13bn hole in Treasury finances by 2029, the Institute for Fiscal Studies warns -
GM unveils Europe restructuring plan
14 May 2012 | 12:31 pmStrategy to ‘quickly return to profitability’ outlined by head of European arm Karl-Friedrich Stracke after weak European demand has left Opel plants under-used -
GM to spare Vauxhall at Ellesmere plant
13 May 2012 | 1:25 pmUS carmaker’s business plan includes producing more cars at the site, which employs 2,100 workers there, and cutting its fixed costs -
Porsche chief drops plan for entry-level model
12 May 2012 | 7:44 amPorsche aims to increase output by taking advantage of VW resources, but does not want to dilute the exclusive brand
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FT.com - Transport
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Shipping woes wipe out Maersk profits
16 May 2012 | 4:16 amSettlement of tax dispute in Algeria and investment gains mask first-quarter decline as Danish group highlights problems facing sector -
AMR unions back contract changes
15 May 2012 | 5:55 pmBankrupt parent of American Airlines hopes plan, which hinges on labour costs falling by $1.25bn, will return group to profitability -
Lufthansa bid to Tap into LatAm market
15 May 2012 | 5:11 pmThe German airline, which is keen to play a role in the industry’s consolidation, is likely to launch a bidding war for the Portuguese flag carrier -
Lufthansa loss brings change in the air
15 May 2012 | 3:33 pmAsset sales and cost cuts form key parts of chief executive’s drastic steps to improve profitability at Europe’s largest carrier by revenues -
ECJ official backs flight delay damages
15 May 2012 | 10:52 amEuropean Court of Justice advocate-general says passengers delayed by three hours or more have right to compensation from their airline
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FT.com - Airlines
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EADS hit by charge on A380 wing cracks
16 May 2012 | 3:36 amThe maker of the A380 was hit by a €158m charge in the first quarter related to problems with the superjumbo’s wings, but raised its 2012 profit guidance -
AMR unions back contract changes
15 May 2012 | 5:55 pmBankrupt parent of American Airlines hopes plan, which hinges on labour costs falling by $1.25bn, will return group to profitability -
Lufthansa bid to Tap into LatAm market
15 May 2012 | 5:11 pmThe German airline, which is keen to play a role in the industry’s consolidation, is likely to launch a bidding war for the Portuguese flag carrier -
Lufthansa loss brings change in the air
15 May 2012 | 3:33 pmAsset sales and cost cuts form key parts of chief executive’s drastic steps to improve profitability at Europe’s largest carrier by revenues -
ECJ official backs flight delay damages
15 May 2012 | 10:52 amEuropean Court of Justice advocate-general says passengers delayed by three hours or more have right to compensation from their airline
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Shipping, transport company and industry news from the Financial Times
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Shipping woes wipe out Maersk profits
16 May 2012 | 4:16 amSettlement of tax dispute in Algeria and investment gains mask first-quarter decline as Danish group highlights problems facing sector -
Heavy NOL loss dashes recovery hopes
9 May 2012 | 8:29 amSingapore’s container ship fleet operator announces a US$254m first-quarter net loss, dashing hopes a recent recovery in rates would improve profitability -
Shipping glut to persist, Braemar warns
8 May 2012 | 2:48 pmCompany sees pre-tax profits fall 26% fuelled by losses in shipbroking division, where rates have been hit by a surplus of carriers -
German lenders cut exposure to shipping
8 May 2012 | 2:28 pmRickmers chief says shipowners are turning to private equity, sovereign wealth funds and shipbuilding countries’ import-export banks -
Ships slow down in pirate waters to save fuel
7 May 2012 | 11:29 amMaritime companies switch to relying on guards rather than speed for protection because one day at lower speeds can save $50,000 in fuel
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FT.com - Rail
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Female Network Rail staff in equality fight
14 May 2012 | 6:02 pmThirty-four middle managers are claiming back-pay of £25,000 each after a survey found they earned less than male counterparts -
Eurostar eyes expansion across Europe
13 May 2012 | 1:01 pmCross-channel train operator to challenge airlines with services from its London base to the Netherlands, Germany, southern France and Geneva -
Bus drivers to vote on Olympic walkout
10 May 2012 | 8:19 amLondon bus drivers will vote on whether to strike during the Olympics unless they secure a bonus like those agreed for other transport staff -
National Express eyes route into Germany
6 May 2012 | 10:56 amUK-listed group plans intercity coach services if market is opened to private operators – a relaxation it hopes could happen within a year -
Network Rail looks to outsource projects
30 Apr 2012 | 11:06 amThe owner of Britain’s rail network is to outline its plans to civil engineers and project managers before putting small pilot schemes out to tender
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FT.com - Retail & Consumer
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Alliance Boots gloomy on economic outlook
16 May 2012 | 3:56 amPharmaceutical retailer warns of continuing pressure on consumer and government spending but remains confident of international expansion -
‘Fat tax’ proposed to cut obesity
15 May 2012 | 5:25 pmTackle the problem by introducing a minimum levy of 20% on unhealthy food, says report in the British Medical Journal -
Activist investor makes move on PepsiCo
15 May 2012 | 5:16 pmRelational Investors, run by Ralph Whitworth, will push for the company to consider splitting off its struggling domestic beverage business -
JC Penney customers disdain overhaul
15 May 2012 | 4:13 pmDepartment store halts dividend after first-quarter revenues drop as customers shun reforms brought in by new chief executive Ron Johnson -
US retail credit defaults drop to 2008 levels
15 May 2012 | 2:56 pmDelinquency rates at major US credit card issuers eases, adding to evidence that consumer credit portfolios are improving
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Food & Beverage company and industry news from the Financial Times
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Brazil sugar production costs rise
15 May 2012 | 5:42 pmEven with abundance of sunshine, water and land suitable for cane production, the advantages of once vaunted low South American cost base is eroding -
‘Fat tax’ proposed to cut obesity
15 May 2012 | 5:25 pmTackle the problem by introducing a minimum levy of 20% on unhealthy food, says report in the British Medical Journal -
Activist investor makes move on PepsiCo
15 May 2012 | 5:16 pmRelational Investors, run by Ralph Whitworth, will push for the company to consider splitting off its struggling domestic beverage business -
Enterprise scents financial stability
15 May 2012 | 2:09 pmUK’s largest pub company looks forward to higher sales during the Queen’s Jubilee and European football championships -
Backlash to longer grain futures sessions
15 May 2012 | 1:44 pmTraders fear that the extended sessions will lead to knee-jerk reactions to sensitive crop reports – until now trading was halted for important data
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FT.com - Personal Goods
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Coty / Avon: loss of face
15 May 2012 | 2:01 pmThe end of a limp bid for the struggling cosmetics seller raises the question of which company made itself look worse in the tedious affair -
Avon’s long road ahead as Coty walks away
15 May 2012 | 12:45 pmThe cosmetics group must now grapple with its sales and regulatory problems after its smaller rival withdraws its unsolicited $10.7bn bid -
Greek coins boost Noble Investments
15 May 2012 | 11:27 amAn auction of ancient Greek coins trigger a 59% jump in pre-tax profits for rare coin and stamp dealer -
Paul Smith plans fresh move into China
14 May 2012 | 11:36 amUK store should fare better now because of changes in taste as the internet and travel have exposed Chinese consumers to different brands -
Avon to consider Coty bid
13 May 2012 | 4:47 pmThe direct seller announced it would consider the raised $10.7bn bid from Coty, saying it expected to respond to the fragrance maker within a week
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Retail company and industry news from the Financial Times
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Alliance Boots gloomy on economic outlook
16 May 2012 | 3:56 amPharmaceutical retailer warns of continuing pressure on consumer and government spending but remains confident of international expansion -
JC Penney customers disdain overhaul
15 May 2012 | 4:13 pmDepartment store halts dividend after first-quarter revenues drop as customers shun reforms brought in by new chief executive Ron Johnson -
Tesco to slash bonuses after poor results
15 May 2012 | 1:28 pmPayouts for 5,000 managers face being cut to 17% of maximum – from 100% last year – following the retail group’s worst performance in decades -
Groupon shares surge as revenues rise 89%
14 May 2012 | 6:11 pmThe daily deals provider reports its first profit since last November’s flotation as a steep increase in North American sales boosts growth -
Food sector accused over migrant workers
14 May 2012 | 6:03 pmCampaign group highlights exploitation and poor working conditions, saying there is evidence that some employers are infringing many rights
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Travel & Leisure company news from the Financial Times
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Enterprise scents financial stability
15 May 2012 | 2:09 pmUK’s largest pub company looks forward to higher sales during the Queen’s Jubilee and European football championships -
Eurostar eyes expansion across Europe
13 May 2012 | 1:01 pmCross-channel train operator to challenge airlines with services from its London base to the Netherlands, Germany, southern France and Geneva -
Rank to buy 26 of Gala’s casinos
12 May 2012 | 12:25 pmThe £205m acquisition will make Rank the UK’s biggest casino operator, giving it a total of 58 casinos and 13 non-operating licenses -
NY Times sells last of Fenway shares
11 May 2012 | 6:34 pmPublisher raises $63m in the sales of shares in the owner of the Boston Red Sox baseball team and Liverpool Football Club from undisclosed buyers -
US football fights for viewers
11 May 2012 | 1:52 pmMajor League Soccer faces competition for attention because of easy television access to the English Premier League and other imports
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FT.com - Health
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‘Fat tax’ proposed to cut obesity
15 May 2012 | 5:25 pmTackle the problem by introducing a minimum levy of 20% on unhealthy food, says report in the British Medical Journal -
Battle against Alzheimer’s stepped up
15 May 2012 | 4:58 pmThe US National Institutes of Health launches a clinical study on a drug that doctors hope could stop the debilitating condition that leads to memory loss -
Cardinal bows to US drug agency
15 May 2012 | 1:34 pmOne of the country’s largest pharmaceutical wholesalers agreed to suspend shipments from one its distribution centres as ordered by the Drug Enforcement Agency -
Straitened NHS boosts private hospitals
15 May 2012 | 1:16 pmGap is growing between demand for healthcare and the state’s ability to deliver, creating opportunities for rival providers -
Curb export of prescription drugs, MPs say
15 May 2012 | 11:56 am‘Speculators’ who export prescription drugs to other EU nations are creating shortages and threaten patient safety, says the All Party Pharmacy Group
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Health Care company news from the Financial Times
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Straitened NHS boosts private hospitals
15 May 2012 | 1:16 pmGap is growing between demand for healthcare and the state’s ability to deliver, creating opportunities for rival providers -
UK report clears breast implant regulator
14 May 2012 | 4:56 pmBritish regulators should have been more critical but that the responsibility for defects in the prosthetic devices lies firmly with French company PIP -
Bohuon clicks with Smith & Nephew
14 May 2012 | 4:44 pmFrench chief executive moved the company’s focus towards higher margin tools for sports medicine and high-tech wound-care products -
Medical device groups ‘fail to innovate’
14 May 2012 | 4:26 pmS&N chief executive Olivier Bohuon calls for industry to launch new products rather than cutting prices and blaming budget-conscious government -
Call to cut NHS price cap for new drugs
8 May 2012 | 5:21 pmAcademic research recommends a cut in the current price cap for new drugs available on the NHS to make the most of reduced funding
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Pharmaceuticals companies news from the Financial Times
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Battle against Alzheimer’s stepped up
15 May 2012 | 4:58 pmThe US National Institutes of Health launches a clinical study on a drug that doctors hope could stop the debilitating condition that leads to memory loss -
Cardinal bows to US drug agency
15 May 2012 | 1:34 pmOne of the country’s largest pharmaceutical wholesalers agreed to suspend shipments from one its distribution centres as ordered by the Drug Enforcement Agency -
Curb export of prescription drugs, MPs say
15 May 2012 | 11:56 am‘Speculators’ who export prescription drugs to other EU nations are creating shortages and threaten patient safety, says the All Party Pharmacy Group -
UK report clears breast implant regulator
14 May 2012 | 4:56 pmBritish regulators should have been more critical but that the responsibility for defects in the prosthetic devices lies firmly with French company PIP -
Bohuon clicks with Smith & Nephew
14 May 2012 | 4:44 pmFrench chief executive moved the company’s focus towards higher margin tools for sports medicine and high-tech wound-care products
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FT.com - Technology
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US customs review delays HTC phone sales
16 May 2012 | 3:15 amDelay in US sales of the Taiwanese group’s flagship smartphones dents hopes of a rebound in the second quarter -
Children’s publishers join forces online
15 May 2012 | 6:10 pmHachette, Penguin and Simon & Schuster will publish ebooks on the Magic Town platform, a brand aimed at readers aged from two to six -
GM to pull back on Facebook advertising
15 May 2012 | 5:33 pmGeneral Motors plans to stop paying for ads on the website in a move that raises questions about the social network’s business model -
Facebook raises IPO price range
15 May 2012 | 4:30 pmPricing of $34-$38 a share puts social networking group in sight of a $100bn valuation that many industry observers initially thought unattainable -
Crackdown demanded on software piracy
14 May 2012 | 11:20 pmA study shows the value of illegally obtained computer programs reached a peak in 2011 of $63.4bn, with usage tending to be higher in emerging markets
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FT.com - Media
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Children’s publishers join forces online
15 May 2012 | 6:10 pmHachette, Penguin and Simon & Schuster will publish ebooks on the Magic Town platform, a brand aimed at readers aged from two to six -
GM to pull back on Facebook advertising
15 May 2012 | 5:33 pmGeneral Motors plans to stop paying for ads on the website in a move that raises questions about the social network’s business model -
Brooks brands charges a witch-hunt
15 May 2012 | 2:33 pmFormer News International chief to appear in court next month on charges that she conspired to conceal documents, computers and other material -
UK woes fail to trouble News Corp investors
15 May 2012 | 2:08 pmShareholders show more interest in the group’s share buyback plan as the scandal forced it to shut the News of the World and drop its pursuit of BSkyB -
Tea with FT Middle East: Nart Bouran
15 May 2012 | 11:21 amChief of Sky News Arabia on a career from battlegrounds to boardrooms, and the advantage of launching a TV channel from scratch
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FT.com - Telecoms
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US customs review delays HTC phone sales
16 May 2012 | 3:15 amDelay in US sales of the Taiwanese group’s flagship smartphones dents hopes of a rebound in the second quarter -
VimpelCom first-quarter income falls 36%
15 May 2012 | 12:06 pmShares in New York-listed Russian telecoms group firm after 12% year-on-year subscriber-base increase in Africa and Asia unit offsets weaker domestic market -
Free attracts 2.6m users in first 80 days
15 May 2012 | 5:17 amFrench mobile upstart says it has captured 4% of its domestic market as alarm spreads among the country’s big incumbent telecoms operators -
LightSquared files for bankruptcy protection
14 May 2012 | 4:16 pmThe satellite venture of billionaire Philip Falcone was unable to reach agreement with creditors but he plans to attempt to retain control of the group -
Telecom Italia chief tackles debt
14 May 2012 | 2:26 pmBernabè seeks to cut a €30bn legacy of Olivetti’s hostile takeover, which resulted in the chief executive losing his job in his first spell as chief
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FT.com - Financials
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Profits plummet at BES
16 May 2012 | 5:35 amPortugal’s largest listed lender by market value says there are positive signs the country is avoiding the euro crisis despite an 84% first quarter fall in net profits -
Land Securities hit by weak office demand
16 May 2012 | 4:24 amProfits at the UK’s largest real estate investment trust fell nearly 60% as demand for office space and retail outlets fell -
More heavy selling takes FTSE under 5,400
16 May 2012 | 3:05 amWorries about the escalating Greek crisis bite further into banks and miners as broad-based selling pushes the London benchmark down 1.1% -
Carlyle earnings hit by weak investment profits
15 May 2012 | 6:17 pmThe private equity firm reported distributable earnings down by more than a third in its first set of quarterly earnings as a public company -
EU to push for binding investor pay votes
15 May 2012 | 3:31 pmBarnier’s initiative would hand bank shareholders voting power to curb ‘morally indefensible’ pay and limit the gap between the lowest and highest paid
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Banks and financial services company and industry news from the Financial Times
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Profits plummet at BES
16 May 2012 | 5:35 amPortugal’s largest listed lender by market value says there are positive signs the country is avoiding the euro crisis despite an 84% first quarter fall in net profits -
More heavy selling takes FTSE under 5,400
16 May 2012 | 3:05 amWorries about the escalating Greek crisis bite further into banks and miners as broad-based selling pushes the London benchmark down 1.1% -
EU to push for binding investor pay votes
15 May 2012 | 3:31 pmBarnier’s initiative would hand bank shareholders voting power to curb ‘morally indefensible’ pay and limit the gap between the lowest and highest paid -
Bankers focus on reform-minded French duo
15 May 2012 | 3:31 pmThe relationship between the two men could be pivotal to reining in Europe’s financial sector perceived abuse and setting new limits on what banks can do -
Bankers discuss curbing rating agencies
15 May 2012 | 3:00 pmCFO forum to debate limiting data available to big three raters in wake of behaviour in crisis, putting potential new rivals on an level playing field
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Insurance and financial services company and industry news from the Financial Times
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Sun Life considers selling UK arm
15 May 2012 | 3:23 pmThe Canadian insurer is examining plans to sell the century-old business in the latest sign that overseas operators are retreating from the market -
Allianz warns on Greek euro exit
15 May 2012 | 1:25 pmEurope’s largest insurer by market capitalisation reports a 58% rise in first-quarter net income as it issues an upbeat assessment of the eurozone -
Allianz: net gain
15 May 2012 | 12:19 pmThe insurer might have scored a number of own goals but has demonstrated, after a solid first quarter, that it also has the ability to outperform -
UBM investors revolt over executive pay
15 May 2012 | 8:37 amJust half of shareholders at the media group backed the 2012 pay report, with particular anger directed at the chief financial officer -
Buyout chief takes on Italian heavyweights
14 May 2012 | 1:55 pmMatteo Arpe is lined up against a group that includes UniCredit and Mediobanca in a corporate takeover clash over insurer Fondiaria-Sai
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Property company and industry news with expert analysis from the Financial Times
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Land Securities hit by weak office demand
16 May 2012 | 4:24 amProfits at the UK’s largest real estate investment trust fell nearly 60% as demand for office space and retail outlets fell -
China investment boom starts to unravel
14 May 2012 | 8:02 amLess closely watched economic data – such as electricity, rail cargo and bank loans – raise concerns about the extent of the slowdown in China -
TV ‘Dragon’ to fund property start-ups
13 May 2012 | 2:51 pmJames Caan seeks to fill gap in bank lending and back 12 ventures with the aim of creating a multifaceted company with an equity value of £500m -
Kwok brothers row escalates after arrests
13 May 2012 | 11:13 amHostilities between Walter Kwok and younger brothers Thomas and Raymond threatens lasting damage to the family-owned Sun Hung Kai Properties -
German property owners step up sale plans
13 May 2012 | 10:50 amPortfolio transactions treble in volume in the first quarter as investor appetite set to push deal volumes to pre-financial crisis levels
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Financial Services company and industry news from the Financial Times
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Carlyle earnings hit by weak investment profits
15 May 2012 | 6:17 pmThe private equity firm reported distributable earnings down by more than a third in its first set of quarterly earnings as a public company -
Worldspreads and FSA alerted to alleged fraud
15 May 2012 | 3:17 pmAlleged fraud at the group’s former Irish unit was known by the board and the regulator before the company filed for administration in March -
Bankers discuss curbing rating agencies
15 May 2012 | 3:00 pmCFO forum to debate limiting data available to big three raters in wake of behaviour in crisis, putting potential new rivals on an level playing field -
US retail credit defaults drop to 2008 levels
15 May 2012 | 2:56 pmDelinquency rates at major US credit card issuers eases, adding to evidence that consumer credit portfolios are improving -
Cattles shareholder group wins £22m
15 May 2012 | 2:50 pmCompensation of 27p a share in failed subprime lender awarded to private investors who opted to become creditors when restructuring terms agreed
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FT.com - US & Canadian companies
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GE to buy Australia’s Industrea for A$700m
15 May 2012 | 11:48 pmUS group build its global business serving resource industries with the acquisition of Industrea and Fairchild International of America -
Chesapeake expands short-term loan to $4bn
15 May 2012 | 6:47 pmStandard & Poor’s downgraded the US natural gas producer’s debt, but the group “strong investor demand” in expanding its loan from $3bn -
Carlyle earnings hit by weak investment profits
15 May 2012 | 6:17 pmThe private equity firm reported distributable earnings down by more than a third in its first set of quarterly earnings as a public company -
AMR unions back contract changes
15 May 2012 | 5:55 pmBankrupt parent of American Airlines hopes plan, which hinges on labour costs falling by $1.25bn, will return group to profitability -
GM to pull back on Facebook advertising
15 May 2012 | 5:33 pmGeneral Motors plans to stop paying for ads on the website in a move that raises questions about the social network’s business model
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FT.com - European companies
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Profits plummet at BES
16 May 2012 | 5:35 amPortugal’s largest listed lender by market value says there are positive signs the country is avoiding the euro crisis despite an 84% first quarter fall in net profits -
Asia and the Americas boost Richemont
16 May 2012 | 5:07 amSwiss luxury goods group behind the Cartier brand issues outlook of ‘cautious optimism’ as sales and net profits rise well beyond market expectations -
Shipping woes wipe out Maersk profits
16 May 2012 | 4:16 amSettlement of tax dispute in Algeria and investment gains mask first-quarter decline as Danish group highlights problems facing sector -
More heavy selling takes FTSE under 5,400
16 May 2012 | 3:05 amWorries about the escalating Greek crisis bite further into banks and miners as broad-based selling pushes the London benchmark down 1.1% -
DCC blames mild winter for profit fall
15 May 2012 | 5:37 pmUK’s biggest oil products distributor predicts investment will generate rebound as long as economic conditions do not deteriorate
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FT.com - UK companies
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Lamprell tumbles after profit warning
16 May 2012 | 5:40 amDelivery delays on rig components weigh on margins, prompting the Dubai-based oil services group to warn it could swing to a loss in the first half -
Land Securities hit by weak office demand
16 May 2012 | 4:24 amProfits at the UK’s largest real estate investment trust fell nearly 60% as demand for office space and retail outlets fell -
Alliance Boots gloomy on economic outlook
16 May 2012 | 3:56 amPharmaceutical retailer warns of continuing pressure on consumer and government spending but remains confident of international expansion -
BAE warns UK government on cyber security
16 May 2012 | 3:51 amBAE says the UK is not doing enough to protect businesses as poll shows that few groups are engaging with government about the growing cyber threat -
More heavy selling takes FTSE under 5,400
16 May 2012 | 3:05 amWorries about the escalating Greek crisis bite further into banks and miners as broad-based selling pushes the London benchmark down 1.1%
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FT.com - UK smaller companies
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Subtraction of Plus to underline deficit
14 May 2012 | 4:50 pmFragile investor sentiment is partly to blame, but a broader worry is that investment in smaller groups via public markets is in irreversible decline -
Small caps: Sceptre shares fall
11 May 2012 | 8:13 pmFruit machine and jukebox supplier calls shareholder meeting to vote on the cancellation of its Aim quotation -
Adventis acts after capital raising fails
11 May 2012 | 10:29 amLloyds has indicated it is willing to launch insolvency proceedings or force the group into administration if tech sale does not cover debt -
Study setback weighs on Phytopharm
11 May 2012 | 10:02 amDrug developer unveils disappointing results from a pre-clinical study into the effectiveness of its glaucoma treatment -
Oilex slides after pipeline failures
11 May 2012 | 9:55 amShares in the Aim-listed oil and gas explorer fall to 52-week low after setbacks at onshore test well in Indian state of Gujarat
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FT.com - Asia-Pacific companies
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BHP scales back $80bn expansion plan
16 May 2012 | 3:38 amMining group’s chairman Jac Nasser warns of further easing of commodity prices and says the business environment has changed -
US customs review delays HTC phone sales
16 May 2012 | 3:15 amDelay in US sales of the Taiwanese group’s flagship smartphones dents hopes of a rebound in the second quarter -
GE to buy Australia’s Industrea for A$700m
15 May 2012 | 11:48 pmUS group build its global business serving resource industries with the acquisition of Industrea and Fairchild International of America -
Intra-Bric bonding leaves Goans irked
15 May 2012 | 10:30 amRussian tourists have overtaken the British as the leading visitor group to western India’s holiday hub, writes James Crabtree -
South Sudan faces finance crunch
15 May 2012 | 10:28 amCountry has not replaced revenues from oil production, which was halted amid dispute with Sudan, and a Chinese loan is smaller than announced
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FT.com - African companies
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Lonmin: Pretoria presses on
14 May 2012 | 10:40 amGiven the challenges, the platinum miner’s performance is not as dire as it seems and its chief executive brings more realism to investor guidance -
Kenya looks to ease growth-sapping bubble
10 May 2012 | 11:00 amIt is among the continent’s first low-income countries forced to tackle inflationary consumer credit that imperils economic expansion -
Watling bids African Minerals adieu
1 May 2012 | 11:14 pmThe unexpected departure of Alan Watling at the iron ore producer comes ahead of the ramp-up of operations at its project in Sierra Leone -
Cobalt presses on with Angola oil venture
1 May 2012 | 6:10 pmExplorer vows long-term commitment despite revelations three of the country’s powerful officials have held concealed interests in the project -
Aquarius is bearer of disappointing news
30 Apr 2012 | 10:55 amPlatinum producer’s shares tumble by nearly 14% after weak quarter caused partly by cost pressures in South Africa
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FT.com - Middle Eastern companies
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Lamprell tumbles after profit warning
16 May 2012 | 5:40 amDelivery delays on rig components weigh on margins, prompting the Dubai-based oil services group to warn it could swing to a loss in the first half -
Qatar in Europe push with Siemens stake
15 May 2012 | 1:45 pmThe Gulf state has taken a stake of just over 3% in the industrial group, continuing a phase of investments in a series of European blue-chip groups -
Tea with FT Middle East: Nart Bouran
15 May 2012 | 11:21 amChief of Sky News Arabia on a career from battlegrounds to boardrooms, and the advantage of launching a TV channel from scratch -
Early investor in Asia rings the changes
14 May 2012 | 6:01 pmThe Kuwait China Investment Company is rebranding to aid its expansion into Asian nations and to lure more Gulf wealth to the ‘New Silk Road’ -
Qatar wealth fund buys stake in Shell
11 May 2012 | 11:20 amDeparture for wealth fund which has tended to diversify its holdings into western financial services, manufacturers and luxury goods
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Americas companies
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Rising costs cut Petrobras profits
15 May 2012 | 7:14 pmBrazil’s state-run oil company, posted a 16 per cent drop in net income for the first quarter after government policies to protect domestic consumers eroded profits -
Brazil sugar production costs rise
15 May 2012 | 5:42 pmEven with abundance of sunshine, water and land suitable for cane production, the advantages of once vaunted low South American cost base is eroding -
Lufthansa bid to Tap into LatAm market
15 May 2012 | 5:11 pmThe German airline, which is keen to play a role in the industry’s consolidation, is likely to launch a bidding war for the Portuguese flag carrier -
Repsol sues Argentina over YPF seizure
15 May 2012 | 11:02 amSpanish oil company launches legal proceedings against the state expropriation of its controlling stake in the oil group and seeks compensation -
Brasília cheers the real’s decline
14 May 2012 | 5:39 pmGuido Mantega, finance minister, says the drop in value is ‘no cause for concern’ while development minister says the currency is at a ‘good level’
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Financial Times - World
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Mladic genocide trial opens in The Hague
16 May 2012 | 4:13 amProsecutors begin proceedings by promising to link the former Bosnian Serb commander to atrocities committed by his forces in the 1992-95 war -
Novelist Fuentes dies, age 83
15 May 2012 | 6:04 pmAuthor associated with Latin America’s literary boom of the 1960s and 1970s dies in Mexico City hospital after suffering heart problems -
Syria opposition conference collapses
15 May 2012 | 5:48 pmFailure of the meeting highlights the breakdown of the Annan peace plan, as UN observers’ convoy comes under attack near the city of Hama -
Hollande urges action to stimulate growth
15 May 2012 | 5:43 pmNew French president was soaked during a street walkabout, then was forced to turn back to Paris to change aircraft after lightning hit his plane -
Chinese activist tells Congress of beatings
15 May 2012 | 5:25 pmChen Guangcheng says members of his family have been attacked by local government ‘thugs’ and criminal charges against his nephew are ‘trumped up’
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Financial Times
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Romney continues march towards nomination
16 May 2012 | 3:06 amFormer Massachusetts governor and private equity executive wins Nebraska and Oregon as he focuses on the ‘prairie fire of debt ... sweeping the nation’ -
US nears deal to reopen Afghan supply route
15 May 2012 | 7:41 pmPakistan and the US appear close to a deal to reopen supply lines for the war effort in Afghanistan, as Nato invited the Pakistani president to an important summit this weekend -
Chinese activist tells Congress of beatings
15 May 2012 | 5:25 pmChen Guangcheng says members of his family have been attacked by local government ‘thugs’ and criminal charges against his nephew are ‘trumped up’ -
Battle against Alzheimer’s stepped up
15 May 2012 | 4:58 pmThe US National Institutes of Health launches a clinical study on a drug that doctors hope could stop the debilitating condition that leads to memory loss -
Towards a more disarmed world
15 May 2012 | 4:00 pmUS and Russia should push harder cut nuclear arms for while they retain huge stockpiles other states feel no obligation to accept limitations
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Canada News Headlines - FT.com
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Conrad Black released from prison
4 May 2012 | 8:17 amDisgraced British peer and ex-media magnate leaves prison a day early after a time that has not been without its positives -
Canadian exchange deal moves forward
3 May 2012 | 11:19 amDraft orders by a provincial regulator would require an independent board and pre-approval of market rule changes as conditions for the acquisition of TMX Group -
Maple offer for TMX on knife edge
27 Apr 2012 | 7:59 pmGroup of Canadian banks and pension funds say their C$3.8bn offer to buy the country’s largest exchange operator many not be extended past Monday -
SNC-Lavalin head resigns over ‘breach of ethics’
26 Mar 2012 | 1:18 pmAn internal investigation found Pierre Duhaime had approved improper payments to third-party agents in breach of the group’s code of ethics -
‘Snowbirds’ boost Miami real estate revival
8 Mar 2012 | 10:15 amBuoyed by strong exchange rates and relatively low prices, foreign buyers are fuelling the property market, especially at the top end
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US Economy News & Federal Reserve Board from the Financial Times
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US inflation flat on lower petrol prices
15 May 2012 | 10:29 amConsumer prices hold steady, in line with estimates, as falls in fuel costs offset rising prices of food, clothing and housing -
Young Americans delay purchase of homes
15 May 2012 | 9:46 amHigh levels of student debt, tight mortgage requirements and stagnant wages are forcing the deferment and prompting many to live with their parents -
US consumers feel better as oil prices ease
11 May 2012 | 7:55 amThe University of Michigan’s consumer sentiment index for April rose to 77.8 as Americans became more confident about job and income prospects -
Chinese trade data cast global shadow
10 May 2012 | 4:54 pmDisappointing figures brought calls for more monetary easing, while world economic concerns were offset by a bounce in US volumes -
US trade gap widens on record imports
10 May 2012 | 9:48 amThe 14.1 per cent increase reported by the commerce department exceeds the rise economists had expected. Imports rose 5.2%. Jobless claims edged down
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US Politics and policy news headlines from the Financial Times
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Romney continues march towards nomination
16 May 2012 | 3:06 amFormer Massachusetts governor and private equity executive wins Nebraska and Oregon as he focuses on the ‘prairie fire of debt ... sweeping the nation’ -
US nears deal to reopen Afghan supply route
15 May 2012 | 7:41 pmPakistan and the US appear close to a deal to reopen supply lines for the war effort in Afghanistan, as Nato invited the Pakistani president to an important summit this weekend -
Chinese activist tells Congress of beatings
15 May 2012 | 5:25 pmChen Guangcheng says members of his family have been attacked by local government ‘thugs’ and criminal charges against his nephew are ‘trumped up’ -
Battle against Alzheimer’s stepped up
15 May 2012 | 4:58 pmThe US National Institutes of Health launches a clinical study on a drug that doctors hope could stop the debilitating condition that leads to memory loss -
US and Russia urged to slash nuclear arms
15 May 2012 | 4:00 pmA former senior general has called for an 80% cut to help encourage smaller atomic powers to engage in multilateral arms control negotiations
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Financial Times
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Latin vote will count in US election
15 May 2012 | 2:16 pmImmigration and race will play vital roles, with Mitt Romney struggling to counter Hispanic support for Barack Obama, writes Richard McGregor -
Strauss-Khan seeks $1m damages from maid
15 May 2012 | 12:25 pmThe former IMF chief has counter-sued the hotel chambermaid who accused him of sexual assault last year, claiming damage to his reputation -
Young Americans delay purchase of homes
15 May 2012 | 9:46 amHigh levels of student debt, tight mortgage requirements and stagnant wages are forcing the deferment and prompting many to live with their parents -
Obama seeks young female vote
14 May 2012 | 4:10 pmUS president highlights political and economic role of young people, and women in particular, as he addresses graduates at Barnard College, New York -
Romney courts Christian voters
13 May 2012 | 12:30 pmMitt Romney made inroads with evangelical Christians in his bid for the White House this weekend, even as some are eager to turn the page on the debate to the US economy
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Financial Times - World UK
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Surprise fall in UK unemployment
16 May 2012 | 4:32 amUnemployment in the UK falls unexpectedly by 45,000 to 2.63m while average earnings growth slowed to 0.6 per cent compared with a year earlier -
Land Securities hit by weak office demand
16 May 2012 | 4:24 amProfits at the UK’s largest real estate investment trust fell nearly 60% as demand for office space and retail outlets fell -
EADS hit by charge on A380 wing cracks
16 May 2012 | 3:36 amThe maker of the A380 was hit by a €158m charge in the first quarter related to problems with the superjumbo’s wings, but raised its 2012 profit guidance -
Face ‘hard truths’, CBI head tells bosses
15 May 2012 | 6:15 pmSir Roger Carr will warn colleagues they have lost respect, have an outdated sense of entitlement and are failing to export to the right markets -
Hague warns on UK’s green exports
15 May 2012 | 4:01 pmForeign secretary fears green technology companies and potential exports are being undermined by the failure of ministers to make the case for low carbon growth
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Financial Times
-
Surprise fall in UK unemployment
16 May 2012 | 4:32 amUnemployment in the UK falls unexpectedly by 45,000 to 2.63m while average earnings growth slowed to 0.6 per cent compared with a year earlier -
Face ‘hard truths’, CBI head tells bosses
15 May 2012 | 6:15 pmSir Roger Carr will warn colleagues they have lost respect, have an outdated sense of entitlement and are failing to export to the right markets -
Weak controls cost A4e work contract
15 May 2012 | 6:03 pmThe training company that was embroiled in allegations of fraud has been stripped of a government project but cleared to retain 16 others -
EU to push for binding investor pay votes
15 May 2012 | 3:31 pmBarnier’s initiative would hand bank shareholders voting power to curb ‘morally indefensible’ pay and limit the gap between the lowest and highest paid -
Brooks brands charges a witch-hunt
15 May 2012 | 2:33 pmFormer News International chief to appear in court next month on charges that she conspired to conceal documents, computers and other material
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Financial Times
-
Surprise fall in UK unemployment
16 May 2012 | 4:32 amUnemployment in the UK falls unexpectedly by 45,000 to 2.63m while average earnings growth slowed to 0.6 per cent compared with a year earlier -
Deal reached on EU bank reforms
15 May 2012 | 2:41 pmUK chancellor drops objections to diluted capital standards as set out by Basel III in return for assurances over Britain’s reforms -
Green cars to drive down tax receipts
14 May 2012 | 6:04 pmGrowth in sales of fuel efficient, duty exempt vehicles will leave a £13bn hole in Treasury finances by 2029, the Institute for Fiscal Studies warns -
Low earners borrowed heavily to spend highly
14 May 2012 | 6:02 pmStudy suggests the availability of credit to the low waged in 10 years before the crisis may have increased the debt burden on those least able to bear it -
Cameron pressed to boost enterprise
14 May 2012 | 2:11 pmDowning Street tries to cool tensions after a weekend in which senior ministers told corporate critics to stop ‘whingeing’ and work harder
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Financial Times
-
BAE warns UK government on cyber security
16 May 2012 | 3:51 amBAE says the UK is not doing enough to protect businesses as poll shows that few groups are engaging with government about the growing cyber threat -
Face ‘hard truths’, CBI head tells bosses
15 May 2012 | 6:15 pmSir Roger Carr will warn colleagues they have lost respect, have an outdated sense of entitlement and are failing to export to the right markets -
Weak controls cost A4e work contract
15 May 2012 | 6:03 pmThe training company that was embroiled in allegations of fraud has been stripped of a government project but cleared to retain 16 others -
‘Fat tax’ proposed to cut obesity
15 May 2012 | 5:25 pmTackle the problem by introducing a minimum levy of 20% on unhealthy food, says report in the British Medical Journal -
Bankers focus on reform-minded French duo
15 May 2012 | 3:31 pmThe relationship between the two men could be pivotal to reining in Europe’s financial sector perceived abuse and setting new limits on what banks can do
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Financial Times - World UK
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Surprise fall in UK unemployment
16 May 2012 | 4:32 amUnemployment in the UK falls unexpectedly by 45,000 to 2.63m while average earnings growth slowed to 0.6 per cent compared with a year earlier -
Land Securities hit by weak office demand
16 May 2012 | 4:24 amProfits at the UK’s largest real estate investment trust fell nearly 60% as demand for office space and retail outlets fell -
EADS hit by charge on A380 wing cracks
16 May 2012 | 3:36 amThe maker of the A380 was hit by a €158m charge in the first quarter related to problems with the superjumbo’s wings, but raised its 2012 profit guidance -
Face ‘hard truths’, CBI head tells bosses
15 May 2012 | 6:15 pmSir Roger Carr will warn colleagues they have lost respect, have an outdated sense of entitlement and are failing to export to the right markets -
Hague warns on UK’s green exports
15 May 2012 | 4:01 pmForeign secretary fears green technology companies and potential exports are being undermined by the failure of ministers to make the case for low carbon growth
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FT.com - World, Latin America & Caribbean
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Rising costs cut Petrobras profits
15 May 2012 | 7:14 pmBrazil’s state-run oil company, posted a 16 per cent drop in net income for the first quarter after government policies to protect domestic consumers eroded profits -
Novelist Fuentes dies, age 83
15 May 2012 | 6:04 pmAuthor associated with Latin America’s literary boom of the 1960s and 1970s dies in Mexico City hospital after suffering heart problems -
Brazil sugar production costs rise
15 May 2012 | 5:42 pmEven with abundance of sunshine, water and land suitable for cane production, the advantages of once vaunted low South American cost base is eroding -
Latin vote will count in US election
15 May 2012 | 2:16 pmImmigration and race will play vital roles, with Mitt Romney struggling to counter Hispanic support for Barack Obama, writes Richard McGregor -
Five killed in Bogotá bombing
15 May 2012 | 2:04 pmColombia’s former interior minister, an outspoken critic of armed groups such as the Farc, thought to have been the target but survives
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Financial Times - Americas Business
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Rising costs cut Petrobras profits
15 May 2012 | 7:14 pmBrazil’s state-run oil company, posted a 16 per cent drop in net income for the first quarter after government policies to protect domestic consumers eroded profits -
Lufthansa bid to Tap into LatAm market
15 May 2012 | 5:11 pmThe German airline, which is keen to play a role in the industry’s consolidation, is likely to launch a bidding war for the Portuguese flag carrier -
Mexico’s mogul with an eye for a bargain
11 May 2012 | 1:52 pmCarlos Slim can read a balance sheet like most people read the sports pages – and follows baseball by reading stats in bulk, writes Adam Thomson -
Embraer and Hawker prepare for new dogfight
8 May 2012 | 7:57 pmThe manufacturers are set to rejoin hostilities in their fight over a politically charged contract to provide the US Air Force with light attack aircraft -
América Móvil seeks to raise KPN stake
8 May 2012 | 1:33 pmMobile group controlled by Mexican billionaire Carlos Slim offers €3.2bn to bolster its share to 28% in the struggling Dutch telecoms operator
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Financial Times - Americas - Economy
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Brasília cheers the real’s decline
14 May 2012 | 5:39 pmGuido Mantega, finance minister, says the drop in value is ‘no cause for concern’ while development minister says the currency is at a ‘good level’ -
Mittal sounds cautiously optimistic note
10 May 2012 | 3:20 amHead of world’s largest steelmaker says he sees more confidence in number of key markets and upturn in North America -
EU warns of growing LatAm protectionism
7 May 2012 | 10:45 amKarel De Gucht, the EU trade commissioner, warns of import-limiting policies and urges Brazil to resist practice -
Debate over IMF finance flows guidance
6 May 2012 | 2:05 pmBrazil wants fund to study ‘currency war’ – impact of rich countries’ loose monetary policy on emerging markets, whose exchange rates have appreciated -
Brazilian interest rates set to hit record lows
4 May 2012 | 1:03 pmThe move to lower Brazil’s high interest rates, which are a throwback to its past history of runaway inflation, are a key part of Rousseff’s economic agenda
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Financial Times - Americas - Finance & Markets
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Brasília cheers the real’s decline
14 May 2012 | 5:39 pmGuido Mantega, finance minister, says the drop in value is ‘no cause for concern’ while development minister says the currency is at a ‘good level’ -
EU warns of growing LatAm protectionism
7 May 2012 | 10:45 amKarel De Gucht, the EU trade commissioner, warns of import-limiting policies and urges Brazil to resist practice -
Brazilian interest rates set to hit record lows
4 May 2012 | 1:03 pmThe move to lower Brazil’s high interest rates, which are a throwback to its past history of runaway inflation, are a key part of Rousseff’s economic agenda -
Brazilian industry hit as China imports grow
2 May 2012 | 4:09 pmBrazil’s manufacturing sector slowed in April with China overtaking the US as its biggest source of imports -
Brazil’s biggest lender urges lower interest rates
2 May 2012 | 12:38 pmThe academic Luciano Coutinho says interest rate reductions are necessary even though they would curb the influence of his institution, BNDES
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Financial Times - Americas - Politics & Policy
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Five killed in Bogotá bombing
15 May 2012 | 2:04 pmColombia’s former interior minister, an outspoken critic of armed groups such as the Farc, thought to have been the target but survives -
Venezuela demands US extradition of judge
15 May 2012 | 1:52 pmEladio Aponte Aponte has accused Caracas of links to drug-traffickers but it says the allegations are part of a smear campaign against President Hugo Chávez -
Vázquez Mota drops in Mexican poll
14 May 2012 | 4:00 pmThe nominee of the ruling conservative National Action Party has slipped to third place in the run-up to July’s presidential election, falling behind Andrés Manuel López Obrador -
Warnings of civil unrest in Venezuela
10 May 2012 | 12:51 pmPower vacuum bring fears of violence as President Hugo Chávez completes sixth round of radiotherapy in Cuba -
EU warns of growing LatAm protectionism
7 May 2012 | 10:45 amKarel De Gucht, the EU trade commissioner, warns of import-limiting policies and urges Brazil to resist practice
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Financial Times - Americas - Regulation
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EU warns of growing LatAm protectionism
7 May 2012 | 10:45 amKarel De Gucht, the EU trade commissioner, warns of import-limiting policies and urges Brazil to resist practice -
América Móvil unit avoids $1bn fine
3 May 2012 | 2:15 pmMexican competition authority said it has agreed to withdraw the fine in a decision that would ‘benefit Mexican consumers to the tune of $6bn’ -
Walmart hit by Mexico bribery claims
22 Apr 2012 | 10:55 amBiggest retailer by sales says it is “deeply concerned” over New York Times allegations it sought to cover up payments for store permits -
Fernández takes her revenge
17 Apr 2012 | 12:15 pmAmong the reasons put forward for the move are that the president feels isolated and that she wanted to teach Argentine oligarchs a lesson -
Argentina to renationalise oil group YPF
17 Apr 2012 | 2:48 amCristina Fernández brushes off Spanish outrage and announces that the country’s biggest oil group will come under state supervision
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Financial Times - Americas - Society
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Mexico’s mogul with an eye for a bargain
11 May 2012 | 1:52 pmCarlos Slim can read a balance sheet like most people read the sports pages – and follows baseball by reading stats in bulk, writes Adam Thomson -
Colombia looks to consolidate gains
3 May 2012 | 11:14 amIn a decade, it has gone from a no-go zone crawled over by narco-trafficking guerrillas and paramilitaries, to become an emerging regional power -
Green groups attack Brazil forest code
26 Apr 2012 | 12:15 pmFarmers’ groups say plans set some of the most stringent rules in the world for protection of forest cover on private land. President can veto bill -
Brazil wealthy set to double in 11 years
26 Apr 2012 | 10:48 amRise of well-educated, financially empowered groups changes Brazil’s politics and social fabric, analysts say, with demands for efficient government -
Walmart hit by Mexico bribery claims
22 Apr 2012 | 10:55 amBiggest retailer by sales says it is “deeply concerned” over New York Times allegations it sought to cover up payments for store permits
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FT.com - Global Economy
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Surprise fall in UK unemployment
16 May 2012 | 4:32 amUnemployment in the UK falls unexpectedly by 45,000 to 2.63m while average earnings growth slowed to 0.6 per cent compared with a year earlier -
Shares extend losses on Greece fears
16 May 2012 | 4:03 amGrowth-focused assets are tumbling to multi-month lows as investors fear a Greek euro exit could exacerbate the eurozone’s debt crisis -
Brazil sugar production costs rise
15 May 2012 | 5:42 pmEven with abundance of sunshine, water and land suitable for cane production, the advantages of once vaunted low South American cost base is eroding -
Facebook raises IPO price range
15 May 2012 | 4:30 pmPricing of $34-$38 a share puts social networking group in sight of a $100bn valuation that many industry observers initially thought unattainable -
DoJ probes $2bn JPMorgan trading loss
15 May 2012 | 3:07 pmThe Justice Department has opened a preliminary investigation into the $2bn in trading losses suffered by JPMorgan Chase
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Asia Pacific News Headlines - FT.com
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BoJ misses bond buying target
16 May 2012 | 5:14 amCentral bank draws offers of Y481bn for JGBs with one to two years left to maturity, indicating that it is pumping more cash than markets can absorb -
US nears deal to reopen Afghan supply route
15 May 2012 | 7:41 pmPakistan and the US appear close to a deal to reopen supply lines for the war effort in Afghanistan, as Nato invited the Pakistani president to an important summit this weekend -
Chinese activist tells Congress of beatings
15 May 2012 | 5:25 pmChen Guangcheng says members of his family have been attacked by local government ‘thugs’ and criminal charges against his nephew are ‘trumped up’ -
India’s growth threatened by old abuses
15 May 2012 | 12:09 pmThe system governing economic reform and investment has broken down, at a time when foreign capital is needed to fund the current account deficit -
Five cricketers suspended in IPL probe
15 May 2012 | 10:30 amIndia TV broadcast evidence using hidden cameras and microphones, which appeared to show Indian players negotiating fees to bowl no-balls during matches
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Africa News Headlines from the Financial Times - FT.com
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Islamist rebels block Mali aid convoy
15 May 2012 | 1:17 pmInsurgents linked to al-Qaeda have prevented tonnes of humanitarian relief from being distributed in Timbuktu in the northern region hit by conflict -
W African bloc threatens Mali with sanctions
15 May 2012 | 1:10 pmMali’s coup leaders and their allies have been accused of blocking a return to civilian rule and further destabilising the divided nation -
EU raid targets Somali pirates onshore
15 May 2012 | 12:18 pmEuropean Union Naval Force carries out its first raid against a pirate base in the Galmudug region, close to the stronghold of Haradhere -
South Sudan faces finance crunch
15 May 2012 | 10:28 amCountry has not replaced revenues from oil production, which was halted amid dispute with Sudan, and a Chinese loan is smaller than announced -
Mozambique farming project launched
13 May 2012 | 10:21 amHopes are high that the scheme, which covers 5.5m hectares, could spark a fresh wave of investor interest in Mozambican agriculture in anti-poverty drive
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FT.com - World, Middle East
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Syria opposition conference collapses
15 May 2012 | 5:48 pmFailure of the meeting highlights the breakdown of the Annan peace plan, as UN observers’ convoy comes under attack near the city of Hama -
Monitors caught up in Syria violence
15 May 2012 | 5:30 pmUN observers saw regime forces at a checkpoint open fire after a funeral procession had turned in to a demonstration, according to an activist -
Towards a more disarmed world
15 May 2012 | 4:00 pmUS and Russia should push harder cut nuclear arms for while they retain huge stockpiles other states feel no obligation to accept limitations -
Nuclear watchdog and Iran agree to more talks
15 May 2012 | 2:44 pmMeeting tested Tehran’s readiness to address concerns over possible military aspects to its nuclear work ahead of negotiations in Baghdad on May 23 -
Iran condemns plans for tighter Gulf union
15 May 2012 | 1:58 pmThough there has been no agreement for an EU-style union that some GCC members had hoped for, the move was described as a ‘plot’ by Tehran
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Middle East Finance News Headlines - FT.com
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Early investor in Asia rings the changes
14 May 2012 | 6:01 pmThe Kuwait China Investment Company is rebranding to aid its expansion into Asian nations and to lure more Gulf wealth to the ‘New Silk Road’ -
Iran’s power struggle surfaces over talks
14 May 2012 | 12:55 pmThe president feels sidelined and frustrated over the Islamic regime’s nuclear negotiations, due to resume this month, with world powers -
Qataris adopt debt as a luxury accessory
14 May 2012 | 11:26 amThe hydrocarbon-rich nation is leading a Gulf trend for high individual indebtedness and consumption that is alarming governments -
Saudis provide financial boost for Egypt
10 May 2012 | 11:20 amRiyadh has deposited $1bn in Cairo’s central bank and extended $500m in economic aid after the Arab neighbours patched up a diplomatic rift -
Belgian on hunger strike in UAE refuses liquids
10 May 2012 | 11:06 amBelgian imprisoned for bounced cheques accelerates hunger strike to protest his sentence
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Arab-Israel conflict news and analysis from the Financial Times
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Palestinians to end prison hunger strike
14 May 2012 | 12:02 pmIsrael agrees to ease conditions inside jails in a deal that brings to an end weeks of protests involving more than 1,600 inmates -
Netanyahu forms Israeli unity government
8 May 2012 | 10:19 amIn convincing the centrist Kadima party to join his Likud-led coalition, Mr Netanyahu gains an overwhelming parliamentary majority -
Bibi gets a barrage
6 May 2012 | 1:52 pmTop Israeli soldiers and spies have been queueing up to distance themselves from the prime minister’s threats to attack Iran’s nuclear installations -
Israeli nationalists target mixed cities
1 May 2012 | 11:44 amReligious groups are targeting mixed cities, where Jews and Arabs live side-by-side. The problem for Arabs is that new apartments are not available to them -
Ex-Israeli security chief attacks Netanyahu over Iran
28 Apr 2012 | 10:48 amNetanyahu’s ‘messianic feelings’ could lead to war, he says
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Financial Times - News and analysis from Iran
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Towards a more disarmed world
15 May 2012 | 4:00 pmUS and Russia should push harder cut nuclear arms for while they retain huge stockpiles other states feel no obligation to accept limitations -
Nuclear watchdog and Iran agree to more talks
15 May 2012 | 2:44 pmMeeting tested Tehran’s readiness to address concerns over possible military aspects to its nuclear work ahead of negotiations in Baghdad on May 23 -
Iran condemns plans for tighter Gulf union
15 May 2012 | 1:58 pmThough there has been no agreement for an EU-style union that some GCC members had hoped for, the move was described as a ‘plot’ by Tehran -
Iran’s leader must choose between enmity and economy
15 May 2012 | 1:38 pmAyatollah Khamenei’s foreign policy and quest for nuclear capability are at odds with the vulnerabilities of his state, writes Ray Takeyh -
Iran hangs nuclear scientist’s ‘killer’
15 May 2012 | 9:54 amFashi reportedly confessed to being a Mossad-trained assassin who killed a physics professor with a remote-controlled bomb
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Financial Times
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Celebrated oud player returns to Iraq
11 May 2012 | 11:39 amListen to clips of compositions by Naseer Shamma, who fled Iraq in the early 1990s and whose homecoming spurs hope of an artistic renaissance -
Iraq faces uphill battle to rebuild
9 May 2012 | 8:58 amAside from oil sector and pockets such as Kurdistan, country remains largely undeveloped, debt-ridden and lacking basic services -
Interpol calls for arrest of Iraqi vice-president
8 May 2012 | 1:26 pmRed notice for arrest of Tareq al-Hashemi exacerbates tension between Iraq and Turkey, where he has sought refuge -
Iraq: singular ambition
7 May 2012 | 2:51 pmAs the country seeks to assert itself as an independent state, Nouri al-Maliki faces criticism for his autocratic tendencies and expanding power base -
Bin Laden supported Arab spring
3 May 2012 | 12:59 pmThe former al-Qaeda leader said in private letters that the revolutions represented a ‘formidable event’ and a turning point in the Arab world
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Financial Times - Europe
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Rajoy warns Spain faces market exile
16 May 2012 | 4:56 amSpain’s PM says the country is at ‘serious risk’ of a borrowing freeze or being forced to ‘borrow at astronomical prices’ without austerity measures -
Mladic genocide trial opens in The Hague
16 May 2012 | 4:13 amProsecutors begin proceedings by promising to link the former Bosnian Serb commander to atrocities committed by his forces in the 1992-95 war -
Hollande urges action to stimulate growth
15 May 2012 | 5:43 pmNew French president was soaked during a street walkabout, then was forced to turn back to Paris to change aircraft after lightning hit his plane -
Merkel and Hollande spell out Greek fear
15 May 2012 | 4:18 pmBoth Berlin and Paris say Athens should remain a full member of euro but they agreed the country must carry out its austerity programme -
US and Russia urged to slash nuclear arms
15 May 2012 | 4:00 pmA former senior general has called for an 80% cut to help encourage smaller atomic powers to engage in multilateral arms control negotiations
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European news and anaysis- Brussels - FT.com
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Merkel and Hollande spell out Greek fear
15 May 2012 | 4:18 pmBoth Berlin and Paris say Athens should remain a full member of euro but they agreed the country must carry out its austerity programme -
Bankers focus on reform-minded French duo
15 May 2012 | 3:31 pmThe relationship between the two men could be pivotal to reining in Europe’s financial sector perceived abuse and setting new limits on what banks can do -
EU to push for binding investor pay votes
15 May 2012 | 3:31 pmBarnier’s initiative would hand bank shareholders voting power to curb ‘morally indefensible’ pay and limit the gap between the lowest and highest paid -
Deal reached on EU bank reforms
15 May 2012 | 2:41 pmUK chancellor drops objections to diluted capital standards as set out by Basel III in return for assurances over Britain’s reforms -
How Keynes would solve the eurozone crisis
15 May 2012 | 1:36 pmFor a country in such desperate straits as Greece, an orderly exit from the euro looks the best option, write Marcus Miller and Robert Skidelsky
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EU Economy news headlines from the Financial Times
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Merkel and Hollande spell out Greek fear
15 May 2012 | 4:18 pmBoth Berlin and Paris say Athens should remain a full member of euro but they agreed the country must carry out its austerity programme -
Bankers focus on reform-minded French duo
15 May 2012 | 3:31 pmThe relationship between the two men could be pivotal to reining in Europe’s financial sector perceived abuse and setting new limits on what banks can do -
Russian economy defies predictions
15 May 2012 | 1:40 pmThe Federal State Statistics Service did not provide a breakdown but so far this year the economy has been driven by consumer spending -
How Keynes would solve the eurozone crisis
15 May 2012 | 1:36 pmFor a country in such desperate straits as Greece, an orderly exit from the euro looks the best option, write Marcus Miller and Robert Skidelsky -
Allianz warns on Greek euro exit
15 May 2012 | 1:25 pmEurope’s largest insurer by market capitalisation reports a 58% rise in first-quarter net income as it issues an upbeat assessment of the eurozone
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Lex: notes from the past 24 hours
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Coty / Avon: loss of face
15 May 2012 | 2:01 pmThe end of a limp bid for the struggling cosmetics seller raises the question of which company made itself look worse in the tedious affair -
Germany: model citizens
15 May 2012 | 2:01 pmThe ability of the economic juggernaut to power ahead and help the eurozone avoid a technical recession has attracted the interest of investors -
Chesapeake: in the sights
15 May 2012 | 1:33 pmLike a leak in a petrol station forecourt that has long needed fixing, the chief executive’s role is finally getting the attention it deserves -
Japan’s megabanks: travel time
15 May 2012 | 1:33 pmThe lenders have ventured overseas before and have suffered but, with their western rivals deleveraging and distracted, another visit might be timely -
Bank capital rules: one step at a time
15 May 2012 | 12:19 pmA compromise arrangement that gives European national governments reasonable flexibility amounts to progress, but at a price
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Lex: notes from the past 24 hours
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Coty / Avon: loss of face
15 May 2012 | 2:01 pmThe end of a limp bid for the struggling cosmetics seller raises the question of which company made itself look worse in the tedious affair -
Germany: model citizens
15 May 2012 | 2:01 pmThe ability of the economic juggernaut to power ahead and help the eurozone avoid a technical recession has attracted the interest of investors -
Chesapeake: in the sights
15 May 2012 | 1:33 pmLike a leak in a petrol station forecourt that has long needed fixing, the chief executive’s role is finally getting the attention it deserves -
Japan’s megabanks: travel time
15 May 2012 | 1:33 pmThe lenders have ventured overseas before and have suffered but, with their western rivals deleveraging and distracted, another visit might be timely -
Bank capital rules: one step at a time
15 May 2012 | 12:19 pmA compromise arrangement that gives European national governments reasonable flexibility amounts to progress, but at a price
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Lex: notes from the past 24 hours
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Coty / Avon: loss of face
15 May 2012 | 2:01 pmThe end of a limp bid for the struggling cosmetics seller raises the question of which company made itself look worse in the tedious affair -
Germany: model citizens
15 May 2012 | 2:01 pmThe ability of the economic juggernaut to power ahead and help the eurozone avoid a technical recession has attracted the interest of investors -
Chesapeake: in the sights
15 May 2012 | 1:33 pmLike a leak in a petrol station forecourt that has long needed fixing, the chief executive’s role is finally getting the attention it deserves -
Japan’s megabanks: travel time
15 May 2012 | 1:33 pmThe lenders have ventured overseas before and have suffered but, with their western rivals deleveraging and distracted, another visit might be timely -
Bank capital rules: one step at a time
15 May 2012 | 12:19 pmA compromise arrangement that gives European national governments reasonable flexibility amounts to progress, but at a price
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Lex: notes from the past 24 hours
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Coty / Avon: loss of face
15 May 2012 | 2:01 pmThe end of a limp bid for the struggling cosmetics seller raises the question of which company made itself look worse in the tedious affair -
Germany: model citizens
15 May 2012 | 2:01 pmThe ability of the economic juggernaut to power ahead and help the eurozone avoid a technical recession has attracted the interest of investors -
Chesapeake: in the sights
15 May 2012 | 1:33 pmLike a leak in a petrol station forecourt that has long needed fixing, the chief executive’s role is finally getting the attention it deserves -
Japan’s megabanks: travel time
15 May 2012 | 1:33 pmThe lenders have ventured overseas before and have suffered but, with their western rivals deleveraging and distracted, another visit might be timely -
Bank capital rules: one step at a time
15 May 2012 | 12:19 pmA compromise arrangement that gives European national governments reasonable flexibility amounts to progress, but at a price
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Lex: notes from the past 24 hours
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Coty / Avon: loss of face
15 May 2012 | 2:01 pmThe end of a limp bid for the struggling cosmetics seller raises the question of which company made itself look worse in the tedious affair -
Germany: model citizens
15 May 2012 | 2:01 pmThe ability of the economic juggernaut to power ahead and help the eurozone avoid a technical recession has attracted the interest of investors -
Chesapeake: in the sights
15 May 2012 | 1:33 pmLike a leak in a petrol station forecourt that has long needed fixing, the chief executive’s role is finally getting the attention it deserves -
Japan’s megabanks: travel time
15 May 2012 | 1:33 pmThe lenders have ventured overseas before and have suffered but, with their western rivals deleveraging and distracted, another visit might be timely -
Bank capital rules: one step at a time
15 May 2012 | 12:19 pmA compromise arrangement that gives European national governments reasonable flexibility amounts to progress, but at a price
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Lex: notes from the past 24 hours
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Coty / Avon: loss of face
15 May 2012 | 2:01 pmThe end of a limp bid for the struggling cosmetics seller raises the question of which company made itself look worse in the tedious affair -
Germany: model citizens
15 May 2012 | 2:01 pmThe ability of the economic juggernaut to power ahead and help the eurozone avoid a technical recession has attracted the interest of investors -
Chesapeake: in the sights
15 May 2012 | 1:33 pmLike a leak in a petrol station forecourt that has long needed fixing, the chief executive’s role is finally getting the attention it deserves -
Japan’s megabanks: travel time
15 May 2012 | 1:33 pmThe lenders have ventured overseas before and have suffered but, with their western rivals deleveraging and distracted, another visit might be timely -
Bank capital rules: one step at a time
15 May 2012 | 12:19 pmA compromise arrangement that gives European national governments reasonable flexibility amounts to progress, but at a price
-
Lex: notes from the past 24 hours
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Coty / Avon: loss of face
15 May 2012 | 2:01 pmThe end of a limp bid for the struggling cosmetics seller raises the question of which company made itself look worse in the tedious affair -
Germany: model citizens
15 May 2012 | 2:01 pmThe ability of the economic juggernaut to power ahead and help the eurozone avoid a technical recession has attracted the interest of investors -
Chesapeake: in the sights
15 May 2012 | 1:33 pmLike a leak in a petrol station forecourt that has long needed fixing, the chief executive’s role is finally getting the attention it deserves -
Japan’s megabanks: travel time
15 May 2012 | 1:33 pmThe lenders have ventured overseas before and have suffered but, with their western rivals deleveraging and distracted, another visit might be timely -
Bank capital rules: one step at a time
15 May 2012 | 12:19 pmA compromise arrangement that gives European national governments reasonable flexibility amounts to progress, but at a price
-
Lex: notes from the past 24 hours
-
Coty / Avon: loss of face
15 May 2012 | 2:01 pmThe end of a limp bid for the struggling cosmetics seller raises the question of which company made itself look worse in the tedious affair -
Germany: model citizens
15 May 2012 | 2:01 pmThe ability of the economic juggernaut to power ahead and help the eurozone avoid a technical recession has attracted the interest of investors -
Chesapeake: in the sights
15 May 2012 | 1:33 pmLike a leak in a petrol station forecourt that has long needed fixing, the chief executive’s role is finally getting the attention it deserves -
Japan’s megabanks: travel time
15 May 2012 | 1:33 pmThe lenders have ventured overseas before and have suffered but, with their western rivals deleveraging and distracted, another visit might be timely -
Bank capital rules: one step at a time
15 May 2012 | 12:19 pmA compromise arrangement that gives European national governments reasonable flexibility amounts to progress, but at a price
-
Lex: notes from the past 24 hours
-
Coty / Avon: loss of face
15 May 2012 | 2:01 pmThe end of a limp bid for the struggling cosmetics seller raises the question of which company made itself look worse in the tedious affair -
Germany: model citizens
15 May 2012 | 2:01 pmThe ability of the economic juggernaut to power ahead and help the eurozone avoid a technical recession has attracted the interest of investors -
Chesapeake: in the sights
15 May 2012 | 1:33 pmLike a leak in a petrol station forecourt that has long needed fixing, the chief executive’s role is finally getting the attention it deserves -
Japan’s megabanks: travel time
15 May 2012 | 1:33 pmThe lenders have ventured overseas before and have suffered but, with their western rivals deleveraging and distracted, another visit might be timely -
Bank capital rules: one step at a time
15 May 2012 | 12:19 pmA compromise arrangement that gives European national governments reasonable flexibility amounts to progress, but at a price
-
Lex: notes from the past 24 hours
-
Coty / Avon: loss of face
15 May 2012 | 2:01 pmThe end of a limp bid for the struggling cosmetics seller raises the question of which company made itself look worse in the tedious affair -
Germany: model citizens
15 May 2012 | 2:01 pmThe ability of the economic juggernaut to power ahead and help the eurozone avoid a technical recession has attracted the interest of investors -
Chesapeake: in the sights
15 May 2012 | 1:33 pmLike a leak in a petrol station forecourt that has long needed fixing, the chief executive’s role is finally getting the attention it deserves -
Japan’s megabanks: travel time
15 May 2012 | 1:33 pmThe lenders have ventured overseas before and have suffered but, with their western rivals deleveraging and distracted, another visit might be timely -
Bank capital rules: one step at a time
15 May 2012 | 12:19 pmA compromise arrangement that gives European national governments reasonable flexibility amounts to progress, but at a price
-
Lex: notes from the past 24 hours
-
Coty / Avon: loss of face
15 May 2012 | 2:01 pmThe end of a limp bid for the struggling cosmetics seller raises the question of which company made itself look worse in the tedious affair -
Germany: model citizens
15 May 2012 | 2:01 pmThe ability of the economic juggernaut to power ahead and help the eurozone avoid a technical recession has attracted the interest of investors -
Chesapeake: in the sights
15 May 2012 | 1:33 pmLike a leak in a petrol station forecourt that has long needed fixing, the chief executive’s role is finally getting the attention it deserves -
Japan’s megabanks: travel time
15 May 2012 | 1:33 pmThe lenders have ventured overseas before and have suffered but, with their western rivals deleveraging and distracted, another visit might be timely -
Bank capital rules: one step at a time
15 May 2012 | 12:19 pmA compromise arrangement that gives European national governments reasonable flexibility amounts to progress, but at a price
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Best of Lex | The week in Lex from the Financial Times
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Letter from Lex: Spanish indecision
11 May 2012 | 9:22 amThe week began with France and Hollande, but by the end it was all about Spain -
Avon and Coty: face values
10 May 2012 | 2:20 pmThe direct seller has been put in an impossible position by the terms set out by its suitor -
Macy’s parade
9 May 2012 | 1:55 pmIf US shoppers keep shuffling along, it’s time to think less about retailers leveraged to economy, and focus on those taking share from competitors -
Spanish banks
9 May 2012 | 10:51 amReports of a Madrid plan to force lenders to provide a further €35bn against their property exposure suggests regulation is by knee-jerk -
Las Vegas
8 May 2012 | 1:57 pmThe city where American disposable income goes to be disposed is seeing business a big step below where it was in the wild years of 2006 and 2007
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Listen to Lucy
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Flattery will get you what you want
8 May 2012 | 6:00 pmLucy Kellaway argues that facts have little traction in the art of persuasion -
My logo obsession is more than a game
8 May 2012 | 6:00 pmLucy Kellaway discovers that our stock of brands is so ingrained that they have become part of who we are -
Affiliations matter more than achievement
24 Apr 2012 | 6:00 pmLucy Kellaway on why the ambitious should go for prestige every time -
The female of the species is more scary than the male
18 Apr 2012 | 6:00 pmSuccessful women are more frightening than men, says the FT's Lucy Kellaway -
Break bad habits and you’ll deliver profits
18 Apr 2012 | 6:00 pmNo amount of huddles will crack Royal Mail’s rubber band problem, says the FT's Lucy Kellaway
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FT Money Show
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Investment charges, European investments, and temporary annuities
9 May 2012 | 6:00 pmWe reveal the latest on fund investment charges and analyse the value of European investments. Finally, we ask if buying temporary retirement income is a good idea. -
Rising SVRs, the return of tech funds and income from corporate bonds
2 May 2012 | 6:00 pmWhy now is the time to bale out of a standard variable mortgage, which tech funds are profiting from the mobile revolution, and are corporate bonds still the best source of regular payments. -
Alternative investments, absolute return funds and fixed-rate mortgages
25 Apr 2012 | 6:00 pmThe FSA crack down on “death bonds”, why absolute return funds don’t always do what they say on the tin, and why are two-year fixed mortgages the most commonly offered product, when they often don’t represent the best value to borrowers? -
QE and annuities, peer-to-peer lending and investing in water
19 Apr 2012 | 10:00 amA Parliamentary committee calls for Government action to address QE’s adverse impact on pensioners; how private investors can speculate on that ultimate commodity, water; and a look at peer-to-peer lending website with Giles Andrews, CEO of Zopa.com. -
Get your tax affairs in order
11 Apr 2012 | 6:00 pmCould the chancellor's 'surprise' at the use of tax reliefs mean we all have to pay more? And when is the best time to get your tax affairs in order - April 5 or 6? Finally, we look at how big your deposit has to be to get a low mortgage rate
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Financial Times - Financial markets news
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Asia dives as risk aversion takes hold
16 May 2012 | 5:26 amFTSE Asia Pacific falls as eurozone fears weigh on markets, hitting financials and exporters and capping gains for Japanese lenders -
Rajoy warns Spain faces market exile
16 May 2012 | 4:56 amSpain’s PM says the country is at ‘serious risk’ of a borrowing freeze or being forced to ‘borrow at astronomical prices’ without austerity measures -
Fears of US farmland bubble echo history
16 May 2012 | 4:12 amKansas City and Chicago Fed branches note surge in prices, prompting comparisons with the housing market in mid-2000s, writes Javier Blas -
Shares extend losses on Greece fears
16 May 2012 | 4:03 amGrowth-focused assets are tumbling to multi-month lows as investors fear a Greek euro exit could exacerbate the eurozone’s debt crisis -
More heavy selling takes FTSE under 5,400
16 May 2012 | 3:05 amWorries about the escalating Greek crisis bite further into banks and miners as broad-based selling pushes the London benchmark down 1.1%
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Equities News from the Financial Markets - FT.com
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Asia dives as risk aversion takes hold
16 May 2012 | 5:26 amFTSE Asia Pacific falls as eurozone fears weigh on markets, hitting financials and exporters and capping gains for Japanese lenders -
Shares extend losses on Greece fears
16 May 2012 | 4:03 amGrowth-focused assets are tumbling to multi-month lows as investors fear a Greek euro exit could exacerbate the eurozone’s debt crisis -
More heavy selling takes FTSE under 5,400
16 May 2012 | 3:05 amWorries about the escalating Greek crisis bite further into banks and miners as broad-based selling pushes the London benchmark down 1.1% -
Groupon lifted by quarterly profit
15 May 2012 | 3:48 pmShares in daily deals website rise on Tuesday during a wild day that saw the stock up as much as 27 per cent at one stage before pulling back -
Small caps: Namibia dry well lifts Chariot
15 May 2012 | 2:33 pmExplorer rebounds as UBS keeps its ‘buy’ recommendation, while JKX is boosted by the start of commercial gas sales from Koshekhablskoye
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US Equities Market Data - FT.com
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Facebook raises IPO price range
15 May 2012 | 4:30 pmPricing of $34-$38 a share puts social networking group in sight of a $100bn valuation that many industry observers initially thought unattainable -
Groupon lifted by quarterly profit
15 May 2012 | 3:48 pmShares in daily deals website rise on Tuesday during a wild day that saw the stock up as much as 27 per cent at one stage before pulling back -
Groupon shares surge as revenues rise 89%
14 May 2012 | 6:11 pmThe daily deals provider reports its first profit since last November’s flotation as a steep increase in North American sales boosts growth -
Chesapeake highlights shift in strategy
14 May 2012 | 1:00 pmSecond-largest US gas producer will have assets worth up to $60bn even after its planned disposal programme, its under-pressure chief executive says -
Chesapeake secures $3bn loan
11 May 2012 | 6:59 pmShares in the second-largest US gas producer plunged after the company warned that the need to stay in compliance with bank covenants could affect planned asset sales
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European Equities Market Data - FT.com
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Asia dives as risk aversion takes hold
16 May 2012 | 5:26 amFTSE Asia Pacific falls as eurozone fears weigh on markets, hitting financials and exporters and capping gains for Japanese lenders -
Intesa Sanpaolo reports 22% profit rise
15 May 2012 | 12:01 pmItalian lender’s trading gains in first quarter offset an increase in bad debt provisions – and it now expects full-year operating results in line with last year’s -
Greek turmoil knocks European stocks
15 May 2012 | 7:23 amStronger than expected German GDP data fail to lift Dax, but Suedzucker makes big gains after full-year operating profit rises sharply -
Telecom Italia chief tackles debt
14 May 2012 | 2:26 pmBernabè seeks to cut a €30bn legacy of Olivetti’s hostile takeover, which resulted in the chief executive losing his job in his first spell as chief -
Stocks hit year lows on Greek exit fears
14 May 2012 | 12:56 pmEuropean markets fall sharply as political deadlock continues, pushing financial stocks down with Spanish banks suffering largest losses
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UK Equities Market Data - FT.com
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More heavy selling takes FTSE under 5,400
16 May 2012 | 3:05 amWorries about the escalating Greek crisis bite further into banks and miners as broad-based selling pushes the London benchmark down 1.1% -
Small caps: Namibia dry well lifts Chariot
15 May 2012 | 2:33 pmExplorer rebounds as UBS keeps its ‘buy’ recommendation, while JKX is boosted by the start of commercial gas sales from Koshekhablskoye -
Risk aversion drives FTSE to year low
14 May 2012 | 1:31 pmEurozone concerns push losses in financial and resource stocks, taking the FTSE under 5,500 points, with Barclays making biggest fall -
Lonmin bemoans platinum mining challenges
14 May 2012 | 3:41 amSafety shutdowns, falling prices and rising costs slash profits but miner says it will continue to invest because ‘fundamentals remain sound’ -
Small caps: Sceptre shares fall
11 May 2012 | 8:13 pmFruit machine and jukebox supplier calls shareholder meeting to vote on the cancellation of its Aim quotation
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Asia Pacific Equities Market Data - FT.com
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Asia dives as risk aversion takes hold
16 May 2012 | 5:26 amFTSE Asia Pacific falls as eurozone fears weigh on markets, hitting financials and exporters and capping gains for Japanese lenders -
Shares extend losses on Greece fears
16 May 2012 | 4:03 amGrowth-focused assets are tumbling to multi-month lows as investors fear a Greek euro exit could exacerbate the eurozone’s debt crisis -
Eurozone fears continue to damp Asia
15 May 2012 | 5:18 amFears about Greece’s future and Italian bank downgrades hit resource and financial stocks, with only Hang Seng rising on strong German data -
Asia mixed after China easing
14 May 2012 | 5:11 amConcerns about Greece’s possible exit from eurozone weigh on risk appetite, despite Beijing’s decision to cut banks’ reserve requirements -
Japanese carmakers predict bounceback
11 May 2012 | 12:03 pmToyota, Nissan, Honda and others expect strong results after overcoming supply problems amid natural disasters and a strong yen
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Financial Times - FT Trading Room
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LCH.Clearnet expands European CDS
15 May 2012 | 4:48 pmThe clearing house joins battle to clear European credit default swaps, back 10 of largest derivatives dealers -
Worldspreads and FSA alerted to alleged fraud
15 May 2012 | 3:17 pmAlleged fraud at the group’s former Irish unit was known by the board and the regulator before the company filed for administration in March -
JPMorgan loss exposes derivatives dangers
15 May 2012 | 2:05 pmMarket participants worried about new rules fear it will be harder to argue for more lenient trading rules, which could lead to higher financing costs -
FSA cracks down on order flow payments
15 May 2012 | 12:37 pmUK watchdog says PFOF arrangements between market makers and brokers create ‘clear conflict of interest’ with regard to clients -
NYSE Euronext knocked out of LME race
15 May 2012 | 12:18 pmNYSE was one of four bidders to submit offers for the metals exchange, and is the first to be eliminated after placing too low a bid
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Financial Times - Currency Markets News and Data
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Asia dives as risk aversion takes hold
16 May 2012 | 5:26 amFTSE Asia Pacific falls as eurozone fears weigh on markets, hitting financials and exporters and capping gains for Japanese lenders -
Shares extend losses on Greece fears
16 May 2012 | 4:03 amGrowth-focused assets are tumbling to multi-month lows as investors fear a Greek euro exit could exacerbate the eurozone’s debt crisis -
Brazil sugar production costs rise
15 May 2012 | 5:42 pmEven with abundance of sunshine, water and land suitable for cane production, the advantages of once vaunted low South American cost base is eroding -
Euro falls on Greek woes
15 May 2012 | 4:28 pmSingle currency bounces off multi-month low, while sterling falls against the dollar ahead of the quarterly inflation report from the Bank of England -
Two-speed Australian economy creates unease
15 May 2012 | 9:01 amRetail, tourism and manufacturing sectors are struggling with the strong dollar, while resource businesses are enjoying the fruits of the mining boom
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Capital Markets News and Data - FT.com
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BoJ misses bond buying target
16 May 2012 | 5:14 amCentral bank draws offers of Y481bn for JGBs with one to two years left to maturity, indicating that it is pumping more cash than markets can absorb -
Rajoy warns Spain faces market exile
16 May 2012 | 4:56 amSpain’s PM says the country is at ‘serious risk’ of a borrowing freeze or being forced to ‘borrow at astronomical prices’ without austerity measures -
US retail credit defaults drop to 2008 levels
15 May 2012 | 2:56 pmDelinquency rates at major US credit card issuers eases, adding to evidence that consumer credit portfolios are improving -
JPMorgan loss exposes derivatives dangers
15 May 2012 | 2:05 pmMarket participants worried about new rules fear it will be harder to argue for more lenient trading rules, which could lead to higher financing costs -
Greek exit fears put havens at premium
15 May 2012 | 12:54 pmInvestors are being increasingly forced into the ‘pain trade’, buying seemingly safer bonds despite the below-inflation returns on offer
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Financial Times - Commodities News and Market Data
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Fears of US farmland bubble echo history
16 May 2012 | 4:12 amKansas City and Chicago Fed branches note surge in prices, prompting comparisons with the housing market in mid-2000s, writes Javier Blas -
BHP scales back $80bn expansion plan
16 May 2012 | 3:38 amMining group’s chairman Jac Nasser warns of further easing of commodity prices and says the business environment has changed -
GE to buy Australia’s Industrea for A$700m
15 May 2012 | 11:48 pmUS group build its global business serving resource industries with the acquisition of Industrea and Fairchild International of America -
Brazil sugar production costs rise
15 May 2012 | 5:42 pmEven with abundance of sunshine, water and land suitable for cane production, the advantages of once vaunted low South American cost base is eroding -
Backlash to longer grain futures sessions
15 May 2012 | 1:44 pmTraders fear that the extended sessions will lead to knee-jerk reactions to sensitive crop reports – until now trading was halted for important data
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FT.com - Emerging Markets News
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Shares extend losses on Greece fears
16 May 2012 | 4:03 amGrowth-focused assets are tumbling to multi-month lows as investors fret a Greek euro exit could exacerbate the eurozone's debt crisis -
Rising costs cut Petrobras profits
15 May 2012 | 7:14 pmBrazil's state-run oil company, posted a 16 per cent drop in net income for the first quarter after government policies to protect domestic consumers eroded profits -
Brazil sugar production costs rise
15 May 2012 | 5:42 pmEven with abundance of sunshine, water and land suitable for cane production, the advantages of once vaunted low South American cost base is eroding -
Monitors caught up in Syria violence
15 May 2012 | 5:30 pmUN observers saw regime forces at a checkpoint open fire after a funeral procession had turned in to a demonstration, according to an activist -
Chinese activist tells Congress of beatings
15 May 2012 | 5:25 pmChen Guangcheng says members of his family have been attacked by local government 'thugs' and criminal charges against his nephew are 'trumped up'
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Financial Times - FTfm
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F&C to launch more investment trusts
15 May 2012 | 4:26 amAsset management group seeks to exploit its direct-marketing capability and alters management incentive scheme as part of strategic review -
China’s Citic in algorithmic trading deal
14 May 2012 | 5:18 pmThe country’s largest broker is to buy technology from Progress Software as high-frequency trades continue to spread from the west to Asia -
A whale in the waters of negative yields
14 May 2012 | 12:34 pmLower-quality and lower yields of previously sacrosanct debt represent a potential breaking point in the global monetary system, says Bill Gross -
China investment boom starts to unravel
14 May 2012 | 8:02 amLess closely watched economic data – such as electricity, rail cargo and bank loans – raise concerns about the extent of the slowdown in China -
Regulation ‘pushing up financial firms’ costs’
13 May 2012 | 5:11 pmMore than half of financial businesses say they have decided not to enter or had left some countries because of concerns over their rules, a survey reveals
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FT Alphaville
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The (early) Lunch Wrap
16 May 2012 | 4:29 amGood morning, New York…FT ALPHAVILLE The eurzone is having a really bad Wednesday: Yields are spiking and equities are tumbling: the charts are here.Do not trust the FRA-OIS... -
Caption this competition
16 May 2012 | 4:21 amThis way to the Grexit, sir…Best reply wins an apology horse. -
Tis an ugly morning in euroland
16 May 2012 | 2:45 amThe Greek fall-out continues with Spanish 10-year yields hitting 6.5 per cent, their highest level in almost six months:Italian 10-year paper breaching 6 per cent for the first... -
Plug-pulling in Athens
16 May 2012 | 2:30 amFirst, a detail from the FT’s take on Greece’s political turmoil:Several Athens bankers voiced concern on Tuesday over a sustained outflow of deposits of more than €5bn since May 6,... -
The (hot) pasty tax strikes!
16 May 2012 | 2:15 amFrom Greggs’ trading update comes a warning that the government’s plans to add VAT tax to takeaway foods “could have a material impact on our sales and profits”,...
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FT Alphaville » M&A
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GKP threatens to sue speculators (the bad kind)
10 May 2012 | 5:06 am“Live by the sword, die by the sword” does not translate into Kurdish, it seems.Gulf Keystone Petroleum Ltd. (AIM: GKP)(“Gulf Keystone” or “the... -
Vodafone puts up for CWW
23 Apr 2012 | 1:34 amTo the tune of 38p a share (the shares closed 2p lower at 32p on Friday):Ÿ Vodafone Europe B.V. (“Vodafone”) and Cable & Wireless Worldwide plc (“CWW”... -
What’s going on with PPR?
20 Apr 2012 | 9:54 amWe don’t know. That’s the first thing to make clear.In the hotel bars of Mayfair, not knowing what’s happening with PPR would appear to put us in the minority.... -
International Power and GDF Suez agree terms
16 Apr 2012 | 2:18 amMop up terms — Suez is acquiring the 30 per cent in International Power it does not already own:- 418p a share- IPR Shareholders receive 6.6p divi for 2011- Scheme... -
“D” is for data and that’s good enough for Markit
2 Apr 2012 | 10:06 am“Me want data!”London and New York, NY – Markit, a leading, global financial information services company, today announced the acquisition of Data Explorers, a...
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FT Alphaville » Hedge funds
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Hedge funds are flying high
8 May 2012 | 9:24 amFive months in and it’s been a pretty good year for hedge funds with the HFRI fund weighted composite index up 4.4 per cent year to date, following its strongest first quarter... -
Those Cam dine with me donors
26 Mar 2012 | 7:56 amThere are a few familiar City faces in the list of Conservative party donors who have “privately” dined with the Prime Minister at No 10…(H/T the New Statesman)... -
Greece optimistic about moving closer to swap
8 Mar 2012 | 4:29 amGreece has moved a step closer to completing its debt restructuring after a raft of bondholders agreed to participate in its upcoming debt restructuring swap, likely enabling the... -
US bourses to fine HFT data-cloggers
7 Mar 2012 | 11:05 pmTwo of the biggest US stock exchanges are set to impose penalties on high-frequency traders who clog the markets’ data pipes with unnecessary messages that do not result in trades,... -
Dalio takes hedge crown from Soros
28 Feb 2012 | 11:24 pmRay Dalio has overtaken George Soros as the world’s most successful hedge fund manager after his Bridgewater Pure Alpha fund made $13.8bn for investors last year, says the FT. The...
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FT Alphaville » Capital markets
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Tis an ugly morning in euroland
16 May 2012 | 2:45 amThe Greek fall-out continues with Spanish 10-year yields hitting 6.5 per cent, their highest level in almost six months:Italian 10-year paper breaching 6 per cent for the first... -
Plug-pulling in Athens
16 May 2012 | 2:30 amFirst, a detail from the FT’s take on Greece’s political turmoil:Several Athens bankers voiced concern on Tuesday over a sustained outflow of deposits of more than €5bn since May 6,... -
The (hot) pasty tax strikes!
16 May 2012 | 2:15 amFrom Greggs’ trading update comes a warning that the government’s plans to add VAT tax to takeaway foods “could have a material impact on our sales and profits”,... -
The Closer
15 May 2012 | 4:47 pmROUND-UP Greece is heading for a fresh general election “after its political parties failed to form a national unity government because of opposition from the anti-bailout... -
Goldman’s repo “optimizer”
15 May 2012 | 4:05 pmAn interesting passage from a recent CreditSights note on Goldman, following a meeting with the bank’s CFO, David Viniar (emphasis ours):Lastly, Goldman explained that...
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FT Alphaville » People
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Caption this competition
16 May 2012 | 4:21 amThis way to the Grexit, sir…Best reply wins an apology horse. -
Merkel and Hollande: you say growth, I say austerity, let’s call the whole thing off
14 May 2012 | 11:25 amTuesday is a big day for France-German relations. Francois Hollande will be inaugurated president, and announce his choice of prime minister. Just hours later he’ll meet Angela Merkel,... -
The US labour market and the middling middle
10 May 2012 | 10:37 amThe sweet spot — you’re young, Hispanic, have a college degree, work in mining, are married and live in North Dakota.It’s a rare combination, of course, but... -
You cannot be Syriza!
10 May 2012 | 10:21 amIf Greece ends the reform process it has undertaken, then I can’t see that the respective tranches [of aid] can be paid out.– Guido WesterwelleIf Greece does not decide... -
GKP threatens to sue speculators (the bad kind)
10 May 2012 | 5:06 am“Live by the sword, die by the sword” does not translate into Kurdish, it seems.Gulf Keystone Petroleum Ltd. (AIM: GKP)(“Gulf Keystone” or “the...
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Financial Times - Comment
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Britain must learn from Germany
15 May 2012 | 1:52 pmProtecting employment rights at the cost of a generation of youth unemployment is a bargain from hell, writes Liam Fox -
The dogma of ‘credibility’ endangers stability
15 May 2012 | 1:49 pmThe credibility the models describe is impossible in a democracy. Worse, the attempt to achieve it threatens democracy, writes John Kay -
Era of a diminished superpower
15 May 2012 | 1:46 pmWhoever runs the US, its influence will be smaller in the 21st century than in the 20th because others have learnt from it, writes Martin Wolf -
Iran’s leader must choose between enmity and economy
15 May 2012 | 1:38 pmAyatollah Khamenei’s foreign policy and quest for nuclear capability are at odds with the vulnerabilities of his state, writes Ray Takeyh -
How Keynes would solve the eurozone crisis
15 May 2012 | 1:36 pmFor a country in such desperate straits as Greece, an orderly exit from the euro looks the best option, write Marcus Miller and Robert Skidelsky
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Financial Times - Opinion
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Britain must learn from Germany
15 May 2012 | 1:52 pmProtecting employment rights at the cost of a generation of youth unemployment is a bargain from hell, writes Liam Fox -
Iran’s leader must choose between enmity and economy
15 May 2012 | 1:38 pmAyatollah Khamenei’s foreign policy and quest for nuclear capability are at odds with the vulnerabilities of his state, writes Ray Takeyh -
How Keynes would solve the eurozone crisis
15 May 2012 | 1:36 pmFor a country in such desperate straits as Greece, an orderly exit from the euro looks the best option, write Marcus Miller and Robert Skidelsky -
Beware the new Beijing-Berlin bond
14 May 2012 | 2:14 pmChina wants a Europe that stands up to the US and Germany is a way of achieving that aim, write Hans Kundnani and Jonas Parello-Plesner -
What to expect from François Hollande
14 May 2012 | 2:14 pmPrevious French Socialist leaders were Keynesian, but. the new president is the first to advocate a supply-side approach to growth, writes Philippe Aghion
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Financial Times - Editorial
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Towards a more disarmed world
15 May 2012 | 4:00 pmUS and Russia should push harder cut nuclear arms for while they retain huge stockpiles other states feel no obligation to accept limitations -
Extreme politics
15 May 2012 | 2:26 pmUMP’s best hope for the future in French politics lies in not paying the National Front’s Marine Le Pen the compliment of courting her -
Britain’s pointless cap on talent
15 May 2012 | 2:19 pmBy removing students from the immigration cap, the government would send a powerful signal that the UK has its doors open for talent -
US gay marriage
14 May 2012 | 2:35 pmBoth nominees are proving all too ready to seize on “wedge” issues to pep up enthusiasm among an indifferent electorate -
Merkel’s big test
14 May 2012 | 1:30 pmIt would be a mistake to assume that in backing the Social Democrats, voters in Germany’s most populous state are calling for less EU austerity
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FT.com - Analysis
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Middle East: Febrile and fragmented
14 May 2012 | 3:16 pmTreatment of minorities – and the ability to curb sectarianism within and among nations – poses a crucial test for the emerging order. By David Gardner -
Seven days that shook Europe
11 May 2012 | 2:07 pmEurozone: A week of dramatic political and financial shifts has raised fears of a revived crisis threatening the global economy. By FT Reporters -
A sustainable sugar rush
10 May 2012 | 1:46 pmWith global markets opening up and output set to soar, cane ethanol promises a bright spot in a slowing economy – so long as the country can realise its promise -
Technology: Mired in a legal morass
9 May 2012 | 1:48 pmCourtroom battles over intellectual property – due to inefficiency or a broken patent system – are mounting pressure on the sector. By Richard Waters -
UK politics: Things can only get better
8 May 2012 | 1:32 pmAs they contend with a prolonged downturn, unruly backbenchers and disillusioned voters, the coalition’s leaders are banking on a renewed focus on the economy to put the government back on track
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John Authers | The Long View - Financial Times
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Greek tragedy puts political roles in peril
11 May 2012 | 2:52 pmRecent election results could provide ‘forcing mechanism’ pushing politicians to sort out basis on which eurozone can continue, writes John Authers -
The rising risks of Volcker Rule-plus
11 May 2012 | 1:13 pmUS banks have so far argued effectively over-regulation would harm international competitiveness. Yet they can make money in ways the Europeans cannot -
Strange market physics underpins US recovery
4 May 2012 | 4:23 pmThe weight of investors’ money is holding back a currency correction for what hedge funds might call the ‘long US-short Europe’ trade -
When value goes out of style
27 Apr 2012 | 5:56 pmBecause growth is scarce, people will pay a premium for it – so companies that are growing keep outperforming -
Spain still embodies roots of financial crisis
20 Apr 2012 | 4:20 pmThe country’s speculative bubble has yet to deflate properly because its banks and authorities have been slow to recognise realities
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Samuel Brittan - Financial Times
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A real alternative to austerity economics
10 May 2012 | 2:25 pmWe should target nominal, rather than real GDP to leave room for real growth but limit inflationary take-off, writes Samuel Brittan -
Free Market Fairness
6 May 2012 | 3:16 pmJohn Tomasi’s sympathetic attempt to reconcile the beliefs of libertarians and left liberals leaves too many questions unanswered -
The BoE needs neither a bureaucrat nor a dictator
26 Apr 2012 | 1:23 pmIt is imprtant to resist the civil service instinct to tidy things up, and to accept the tensions and rivalries that arise, writes Samuel Brittan -
The bogus distinction between left and right
12 Apr 2012 | 1:16 pmThe concept of a spectrum on which any politically interested person can be placed obscures more than it illuminates, writes Samuel Brittan -
Robbing selective Peter to pay for collective Paul
22 Mar 2012 | 2:01 pmBy only cutting the top rate of tax to 45%, Osborne has chosen to be hung for a lamb when he could have been hung for a sheep, writes Samuel Brittan
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Financial Times - Inside Business
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India’s growth threatened by old abuses
15 May 2012 | 12:09 pmThe system governing economic reform and investment has broken down, at a time when foreign capital is needed to fund the current account deficit -
JPMorgan loss fuels calls for simplification
14 May 2012 | 1:20 pmEven if it has little to do with ‘too big to fail’, the bank’s trading debacle raises demands for change that regulators might now be willing to listen to -
Monocultural VW must expand horizons
10 May 2012 | 11:35 amCarmaker’s German management and heritage fail to do justice to the global reach of its products -
Case could ripple through software world
9 May 2012 | 1:11 pmBy taking potshots at Google, Oracle has threatened to open a bigger can of worms which can put the industry tangled up in copyright disputes -
Poor infrastructure smothers Asia’s growth
8 May 2012 | 11:29 amGovernments that do not have the money to build roads, ports and power plants should take advantage of the financing being offered by regional banks
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John Gapper - Financial Times
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Dimon is a whale of a hedge fund manager
11 May 2012 | 1:53 pmThere is little that can be done to stop the kind of trading loss suffered by JPMorgan this week from happening again, writes John Gapper -
Law firms have struck the limits of partnership
9 May 2012 | 1:30 pmIn austere times, legal practices can no longer borrow money and make rash promises to force their way into the top tier, writes John Gapper -
Pharma needs an injection of financial engineering
2 May 2012 | 1:54 pmThe housing bubble gave financial engineering a bad name. By using it to aid medical research, Wall Street might improve its image, says John Gapper -
What politicians lost to Murdoch
25 Apr 2012 | 1:33 pmNot only individuals have been driven mad by the News Corp chief – he has unbalanced the relationship between media and government, says John Gapper -
Argentina’s oil raid can only end badly
18 Apr 2012 | 1:59 pmThe seizure is extreme, badly timed and unlikely to address the complaint that Repsol was failing to invest enough in the country, writes John Gapper
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Financial Times - Tony Jackson
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Untramelled executive pay spreads disruption
13 May 2012 | 9:45 amThe remarkable shareholder uprising over executive pay, in the UK and elsewhere, is welcome and overdue but also misdirected, writes Tony Jackson -
Short-termism may yet derail recovery
6 May 2012 | 10:59 amUS results indicate recovery but murky underlying picture leaves unclear if profits rebound can be sustained or if balance sheets can take the strain -
Tesco stock is cheap but not necessarily a buy
29 Apr 2012 | 10:52 amThere is piquancy in the fact that Warren Buffett’s has bought the stock while others are disposing of it -
Return on capital won’t solve pay battles
22 Apr 2012 | 11:24 amWhile investors are right to object to the performance measures in use today, finding new ones is harder than it looks -
The ill-defined benefit of saving for retirement
15 Apr 2012 | 12:14 pmThe pensions crisis has acquired a new stridency but the slump has merely brought forward problems which were there all along.
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Financial Times - Luke Johnson
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Capitalism is still the best system there is
15 May 2012 | 12:09 pmSome entrepreneurs break the rules, but damning an entire class for the high-profile errors of the few is destructive and ill-judged., writes Luke Johnson -
Muddling through is a strategy that works
8 May 2012 | 12:09 pmOur instinct is to look for the black and white solution to a problem. But that applies better in theory than in practice, writes Luke Johnson -
How the PM can steer out of stormy waters
4 May 2012 | 11:16 amDavid Cameron has to draw up a coherent strategy, explain it to colleagues and then restructure in a resolute manner, writes Luke Johnson -
Break-ups don’t need to be a breakdown
1 May 2012 | 11:35 amBusiness partnerships can come to an end for many different reasons, but there are certain pitfalls to be avoided at all costs, writes Luke Johnson -
Companies aren’t to blame for every ill
24 Apr 2012 | 12:34 pmThe pay us off or we will report you attitude is prevalent among much of society and is one that inhibits entrepreneurship, writes Luke Johnson
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John Kay - Financial Times
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The dogma of ‘credibility’ endangers stability
15 May 2012 | 1:49 pmThe credibility the models describe is impossible in a democracy. Worse, the attempt to achieve it threatens democracy, writes John Kay -
It is time to end the oligopoly in banking
8 May 2012 | 1:07 pmIf the only way you can operate a bank is by being the same as existing banks, the only competition will be anaemic competition, says John Kay -
France’s choice: naughty child or colourless adult?
1 May 2012 | 1:20 pmThe presidency is a job description written for one man – Charles de Gaulle – and no one else has yet filled the post with much distinction, writes John Kay -
Fewer ingredients will best serve the VAT on food
24 Apr 2012 | 12:58 pmTo say that modern tax systems are inescapably complex does not mean that tax systems need be as complex as they are, writes John Kay -
Beware of Franklin’s Gambit in making decisions
17 Apr 2012 | 1:57 pmIf Wayne Rooney were to explain his movements on the field we would have an articulate footballer, but very bad football, writes John Kay
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Financial Times - Lucy Kellaway
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Small mistakes attract the biggest trouble
13 May 2012 | 3:47 pmI understand why smart people make stupid errors. But I know that understanding this won’t make a shred of difference, writes Lucy Kellaway -
Nicola Horlick now
11 May 2012 | 7:24 pmNicola Horlick talks to Lucy Kellaway about having it all, losing a child – and why she never gets worked up -
My logo obsession is more than a game
6 May 2012 | 8:52 amOur stock of logos is so ingrained that they have become part of who we are – we are even taken aback when others don’t have the same stock, writes Lucy Kellaway -
A sober look at workplace scandal
2 May 2012 | 1:57 pmJulie Berebitsky’s ‘Sex and the Office’ shows that that both everything and nothing has changed in the bottom-pinching department, writes Lucy Kellaway -
Flattery will get you what you want
29 Apr 2012 | 9:30 amLay it on with the largest trowel you can find. It doesn’t matter whether you mean it or even if it’s clear you don’t mean it, writes Lucy Kellaway
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Roula Khalaf - Financial Times
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Egypt tastes fruit of democratic struggle
14 May 2012 | 7:10 amAfter a difficult transition period, the Arab world enjoyed its first presidential election TV debate when two candidates traded views -
Lebanon walks Syria tightrope
7 May 2012 | 6:54 amBeirut maintains difficult balance of neither overtly supporting nor opposing rebellion against Bashar al-Assad regime -
Protest jokes darken Arab rulers’ humour
19 Mar 2012 | 10:59 amRegime opponents who put their safety at risk are finding solace in comedy that ridicules autocrats and dilemmas they face over demonstrations -
Baba Amr’s fall signals more violence in Syria
5 Mar 2012 | 9:09 amThe devastation of the Homs district will probably result in a greater militarisation of the conflict, plunging the country more deeply in civil war -
Egypt plots strange course on foreign policy
27 Feb 2012 | 6:59 amThe crackdown on non-governmental organisations places crucial international aid at risk at a time when the country can least afford it
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Financial Times
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Default now or default later?
13 May 2012 | 2:00 pmBy following the bailout programme, Greece will suffer a decade of depression and a possible breakdown in democracy, writes Wolfgang Münchau -
The only solution to the eurozone crisis
6 May 2012 | 2:44 pmThe answer is a combination of debt monetisation through the European Central Bank and default into the European Stability Mechanism, writes Wolfgang Münchau -
Hollande is start of progressive insurrection
29 Apr 2012 | 2:41 pmSarkozy flunked reform for a reason that was apparent in 2007: hyperactivity. Reforms are for boring politicians, writes Wolfgang Münchau -
The sadly unpalatable solution for the eurozone
22 Apr 2012 | 2:07 pmA centralised banking resolution and supervision system is the bare minimum a monetary union needs, writes Wolfgang Münchau -
Spain has accepted mission impossible
15 Apr 2012 | 3:14 pmEither Madrid will miss the target or it will have to fire so many people that the result will be a political insurrection, writes Wolfgang Münchau
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Financial Times - John Plender
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The high cost of disorderly deleveraging
24 Apr 2012 | 4:12 pmThe potential impact of parochialism will be felt beyond the eurozone with emerging market economies of eastern Europe suffering first -
Battle is joined on bonuses – at long last
20 Apr 2012 | 1:29 pmPerhaps the most beneficial thing would be to spearhead a move back towards old-fashioned cash rewards, writes John Plender -
Spain’s crisis exposes limits of ECB help
10 Apr 2012 | 12:07 pmThe LTRO has reinforced relationship of undercapitalised banks propping up overstretched sovereign borrowers who support those same banks -
Reserve managers have acquired an appetite for risk
27 Mar 2012 | 12:35 pmPolitical pressure to raise the return on vast foreign exchange reserves has pushed central bankers into equity investments -
Italy has a narrow window of opportunity
13 Mar 2012 | 2:51 pmItaly may be economy on a sustainable course of debt reduction, but it and the rest of southern Europe will be subject to austerity for years
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Financial Times - Gideon Rachman
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One bullseye cannot rescue Obama’s global record
14 May 2012 | 1:34 pmIf you read through a checklist of Obama’s foreign policy objectives you will notice far more failures than successes, writes Gideon Rachman -
The Greek crisis will fast expose Hollande
7 May 2012 | 12:54 pmForced to choose, the French are almost certain to go with the Germans. Yet that would show Hollande’s rhetoric on austerity to be vacuous, writes Gideon Rachman -
No alternative to austerity
30 Apr 2012 | 1:00 pmThe drive to balance budgets within Europe must be combined with reforms that will encourage private-sector job creation, writes Gideon Rachman -
France votes to throw down the gauntlet to Europe
23 Apr 2012 | 12:12 pmNicolas Sarkozy and François Hollande are promising a radical change to the direction of the EU, says Gideon Rachman -
Europe has yet to make Europeans
9 Apr 2012 | 1:03 pmProposing that English should be made the language of Europe would be an amusing way of committing political suicide, says Gideon Rachman
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Financial Times - Comment
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Britain must learn from Germany
15 May 2012 | 1:52 pmProtecting employment rights at the cost of a generation of youth unemployment is a bargain from hell, writes Liam Fox -
The dogma of ‘credibility’ endangers stability
15 May 2012 | 1:49 pmThe credibility the models describe is impossible in a democracy. Worse, the attempt to achieve it threatens democracy, writes John Kay -
Era of a diminished superpower
15 May 2012 | 1:46 pmWhoever runs the US, its influence will be smaller in the 21st century than in the 20th because others have learnt from it, writes Martin Wolf -
Iran’s leader must choose between enmity and economy
15 May 2012 | 1:38 pmAyatollah Khamenei’s foreign policy and quest for nuclear capability are at odds with the vulnerabilities of his state, writes Ray Takeyh -
How Keynes would solve the eurozone crisis
15 May 2012 | 1:36 pmFor a country in such desperate straits as Greece, an orderly exit from the euro looks the best option, write Marcus Miller and Robert Skidelsky
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Financial Times - Michael Skapinker
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Fleet-footed groups can outrun the critics
9 May 2012 | 1:10 pmThe experience of Nike provides a timeline of how companies attempt to rebuild a decent reputation for themselves, writes Michael Skapinker -
Employers of the aged find law a grey area
2 May 2012 | 1:58 pmTwo Supreme Court rulings on retirement seem to have darkened an already unclear picture for employers, writes Michael Skapinker -
Car culture is taking a back seat
25 Apr 2012 | 1:28 pmIf the fall in driving endures, the implications will be far-reaching for developers, planners and governments, writes Michael Skapinker -
Let’s end the ‘we will stop giving’ chit-chat
18 Apr 2012 | 10:10 am‘I back free speech every time,’ writes Michael Skapinker, ‘but why should they get it on the taxpayer’s dime?’ (with apologies to Dr Seuss) -
Damien Hirst’s four faces of commerce
11 Apr 2012 | 1:42 pmMBA teachers get their students to analyse the British artist’s business strategy. But, asks Michael Skapinker, what business is he in?
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Philip Stephens - Financial Times
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How to shame those overpaid executives
14 May 2012 | 2:14 pmThe clear-out of underperforming CEOs is no grounds for complacency. Shareholders and politicians must shine a brighter light, says Philip Stephens -
Greece is falling out of Europe
10 May 2012 | 2:25 pmAthens can say no to Brussels, Berlin and the IMF. It can unshackle itself from the euro. But it cannot avoid a reckoning, writes Philip Stephens -
A tip for Cameron: listen to Mario Monti
7 May 2012 | 12:48 pmLocal election results show the French are not alone in losing patience with austerity policies that are not working, writes Philip Stephens -
Stop fretting about a French revolution
3 May 2012 | 1:24 pmThe really ‘dangerous’ notion is not the call for a debate about growth but the assumption that things can go on as they are, writes Philip Stephens -
Cameron can save his premiership – by fixing Heathrow
30 Apr 2012 | 10:37 amThe prime minister frets that he is too posh but that does not count against him as long as he shows a measure of competence, writes Philip Stephens
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Financial Times - Management
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How should you handle a reputation crisis?
15 May 2012 | 4:19 pmIn the middle of a storm, football player Joey Barton used the social media while former Yahoo chief Scott Thompson stayed out of the limelight -
Going for sportswear gold
15 May 2012 | 12:09 pmThe Australian sportswear brand 2XU grew fast by first establishing a reputation with serious athletes, writes Neil Hume -
Capitalism is still the best system there is
15 May 2012 | 12:09 pmSome entrepreneurs break the rules, but damning an entire class for the high-profile errors of the few is destructive and ill-judged., writes Luke Johnson -
Business traveller: Working and flying
15 May 2012 | 12:09 pmWiFi and now mobile phones have started making their presence felt on flights giving the option of mid-air working, writes Rhymer Rigby -
A slice of the Chinese market
14 May 2012 | 2:40 pmThree new books offer revealing insights into the minds and spending habits of China’s rapidly growing middle classes, writes Patti Waldmeir
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Financial Times - Gillian Tett
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Charity begins with a tax break
11 May 2012 | 7:28 pmWhat makes charitable giving so striking in America is the brazen way self-interest entwines with philanthropy, writes Gillian Tett -
Repression on bond sales heralds era of masochism
10 May 2012 | 1:24 pmIf everyone else, including the Fed and banks, is piling into Treasuries, many investors want to follow the crowd despite getting unfavourable rates -
Welcome to ‘Pollywood’
4 May 2012 | 6:19 pmA growing symbiosis is at work between celebrity culture and political journalism in a Twitter-fuelled age, writes Gillian Tett -
Beware pitfalls of rule-makers pursuing their agendas
3 May 2012 | 12:25 pmThe debate over reform of the US money market sector offers an insight into whether regulators can create a more stable financial world -
Shedding light on ‘grey’ areas
27 Apr 2012 | 7:03 pmLeaders forget that unless people feel confident that they truly ‘own’ assets, it is well-nigh impossible to build a stable market economy, writes Gillian Tett
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Financial Times - Inside Business
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India’s growth threatened by old abuses
15 May 2012 | 12:09 pmThe system governing economic reform and investment has broken down, at a time when foreign capital is needed to fund the current account deficit -
JPMorgan loss fuels calls for simplification
14 May 2012 | 1:20 pmEven if it has little to do with ‘too big to fail’, the bank’s trading debacle raises demands for change that regulators might now be willing to listen to -
Monocultural VW must expand horizons
10 May 2012 | 11:35 amCarmaker’s German management and heritage fail to do justice to the global reach of its products -
Case could ripple through software world
9 May 2012 | 1:11 pmBy taking potshots at Google, Oracle has threatened to open a bigger can of worms which can put the industry tangled up in copyright disputes -
Poor infrastructure smothers Asia’s growth
8 May 2012 | 11:29 amGovernments that do not have the money to build roads, ports and power plants should take advantage of the financing being offered by regional banks
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Martin Wolf - Financial Times
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Era of a diminished superpower
15 May 2012 | 1:46 pmWhoever runs the US, its influence will be smaller in the 21st century than in the 20th because others have learnt from it, writes Martin Wolf -
What Hollande must tell Germany
8 May 2012 | 1:12 pmThe eurozone must change path. Austerity must be matched to the realistic pace of adjustment and structural reform, says Martin Wolf -
Flexibility is no sin when policy is failing
3 May 2012 | 1:25 pmThe mistake made by the government was to announce fixed plans for so many years ahead. The recovery has not materialised, writes Martin Wolf -
After the bonfire of the verities
1 May 2012 | 1:18 pmThe new world of post-financial-crisis central banking will create significant institutional and intellectual challenges, writes Martin Wolf -
Banks are on a eurozone knife-edge
24 Apr 2012 | 10:33 amThe immediate priority is to give the countries in difficulty the time to adjust their economies, and so achieve stability, writes Martin Wolf
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Brussels blog
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Hollande: Friend of the City?
8 May 2012 | 10:02 amFrancois Hollande rather enjoys issuing blood-curdling warnings to the City of London. During the campaign he declared his “real enemy” to be ”the world of finance” and post-election he is not toning down the rhetoric. How ironic then that Hollande’s first major piece of EU financial regulation will see him largely siding with European banks (and yes, that includes the British ones) against calls from the UK and ECB for tougher rules. Diplomacy in Brussels can be a funny business. Hard as it is to believe, in this negotiation the big beasts of City banking… -
European elections reaction: live blog
7 May 2012 | 7:04 amWelcome to our rolling coverage of the reaction to elections in France and Greece on a big day for Europe. By Tom Burgis, John Aglionby and Esther Bintliff in London with contributions from FT correspondents around the world. All times are London time. This post should update automatically every few minutes, although it might take longer on mobile devices. 12.44 Borzou Daragahi, the FT’s north Africa correspondent, reports on the response to the French election results in the Arab world: Across a region undergoing tumultous change, many greeted the fall of Nicolas Sarkozy with glee, hopeful… -
Spain, S&P and the austerty-growth debate
27 Apr 2012 | 5:18 amSpain's Mariano Rajoy, after a meeting at the Spanish parliament in Madrid earlier this month The recent turn in market sentiment against Spain has led to a somewhat unanswerable debate in European policy circles about what, exactly, the markets are worried about: Is it that the new Rajoy government tried to break from tough EU-mandated deficit limits last month…or the fact they eventually agreed to stick to next year’s stringent target? If Standard & Poor’s downgrade of Spanish debt last night is any indication, it appears the markets are more concerned about the latter than… -
New borders inside Europe? A Franco-German push
20 Apr 2012 | 5:27 amFrance's Nicolas Sarkozy has made EU borders an issue in his re-election campaign The issue of the European Union’s passport-free travel zone has become a political hot potato again, thanks in part to Nicolas Sarkozy, who has warned during his presidential re-election campaign that France would withdraw from the border agreement unless more safeguards are adopted. With just days before voting in the first round of the French election, Sarkozy’s government is pushing the issue back onto the EU agenda, this time with German assistance. In a joint letter sent to the Danish presidency,… -
When Willie let fly in Brussels
19 Apr 2012 | 10:23 amProud competition commissioners and hard-charging chief executives are a combustible mix. Many a business leader has arrived in Brussels imagining that a bit of face time with the man in charge will clinch approval for their compelling merger proposal. How wrong they can be. The latest lesson in bad lobbying is provided by Willie Walsh, chief executive of IAG, the parent company of British Airways and Iberia. Admittedly the story ended positively for Walsh, who last month won approval for his takeover of British carrier BMI. But the stakes were high (BMI was on the verge of collapse), the…
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Economists' Forum
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New data add value to global HE rankings
10 May 2012 | 6:01 pmHans de Wit, Professor of Internationalisation of Higher Education, Centre for Applied Research in Economics and Management, Amsterdam University of Applied Sciences Higher education can – and should – be a dynamo to economies. In the UK the HE ‘business’ is estimated to be worth around £59bn and employs more than 1% of the entire workforce, contributing more to GDP than the pharmaceutical and advertising industries combined. But so far its only been rankings of the top institutions which get attention – much less for how national systems of HE are doing, the… -
Central banks should do much more
8 May 2012 | 5:25 amRoger E A Farmer, Distinguished Professor and Chair, UCLA Department of Economics The US recovery has stalled, the UK has fallen back into recession and most of Europe is mired in a debt quagmire to which there appears to be no quick exit. It is against this background that Charles Evans, president of the Federal Reserve Bank of Chicago, has come out aggressively in favor of additional Fed actions. -
What next for the IMF?
4 May 2012 | 4:53 amSimon J. Evenett, Professor of International Trade and Economic Development and Academic Director of MBA programmes, University of St. Gallen, Switzerland Christine Lagarde, IMF managing director On the face of it, the recently agreed expansion of the IMF’s lending capacity suggests that the IMF is back in business. Since the global economic crisis began no UN or other global public agency has had their resources expanded by governments as much as the IMF. The IMF has also been at the centre of several crisis-era surveillance and reporting initiatives. So is the IMF now even better placed… -
Another false dawn or reason for optimism?
15 Apr 2012 | 2:00 pmBy Eswar Prasad and Karim Foda The world economy is showing scattered signs of vigor but remains on life support, mostly provided by accommodative central banks. Concerns about spillover from a worsening of the European debt crisis and slowing growth in key emerging markets are putting a damper on consumer and business confidence. Equity markets are pulling back from a robust performance in the first quarter of this year as the sobering reality of a continued anemic recovery weakens investors’ optimism. There are some positive signs in the latest update of the Brookings Institution-FT… -
Don’t shoot the pension fund managers!
28 Mar 2012 | 7:13 amBy Professor Simon Deakin, Director, Corporate Governance Research Programme, ESRC funded Centre for Business Research, University of Cambridge. Long-term investment in infrastructure needs a better policy mix George Osborne’s attempts to encourage British pension funds to invest more in infrastructure projects are to be applauded. Canadian and Australian pension funds have already invested heavily in infrastructure, but UK funds are still reluctant investors. Why? British prime minister David Cameron tours Newton Heath rail depot. Getty images Pension fund trustees have a fiduciary duty to…
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Business blog
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Private views on Facebook’s public offering
16 May 2012 | 12:32 amFacebook investors: you have been warned. The last time I was in Silicon Valley was 12 years ago, in the very week that the Nasdaq crashed, marking the end of the dotcom boom. That I should fly back into San Francisco on the eve of the social network’s initial public offering cannot be a good omen. I’m not here to write about Facebook – for expert insights, read the analysis of my San Francisco-based colleagues or the FT Lex team – but the IPO overshadows most discussions. What strikes me is how entrepreneurs, technology executives and analysts I’ve met are… -
FT column: A set-to as old as the Old Testament
14 May 2012 | 8:26 pmLast Thursday I was, briefly, head of communications for a large Canadian widget maker, coping with a wave of Twitter-borne rumours about the arrest of its chief executive. -
London calling with credit derivatives losses
14 May 2012 | 8:35 amLondon is acquiring a dangerous reputation for US financial institutions. The financial crisis in 2008 was set off by the London-based derivatives unit of American International Group, which was insuring potential losses for banks. Now, JP Morgan Chase finds itself in trouble over a $2bn hedging/trading loss in London. -
Jamie Dimon makes a drama out of a credit crisis
10 May 2012 | 6:03 pmJP Morgan’s sudden conference call to disclose, and to try to explain, the $2bn trading loss that it racked up in only six weeks was one of the most absorbing bits of live financial theatre since the 2008 crash. The star of the show, naturally, was Jamie Dimon, the bank’s ebullient and outspoken chief executive, who has been out in front leading the industry’s defence of “too big too fail” banks and pushing back against new capital requirements. -
The helpful shop worker versus the sales fiend
10 May 2012 | 8:18 amRon Johnson, the former head of Apple Stores, who is now trying to revitalise J.C. Penney, the historic US department store chain, has started with a good idea – eliminating sales commissions. The Dallas Morning News reports that J.C. Penney hourly workers at its 1,100 stores have been told that commisions are being eliminated and they will instead receive a higher hourly rate (via Business Insider).
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The World
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FT column: One bullseye cannot rescue Obama’s record
14 May 2012 | 8:14 pmBy Gideon Rachman -
Running the Czech Republic
14 May 2012 | 12:11 pmThis advertisement for the Prague marathon – which I photographed in the airport, this weekend – strikes me as having an unfortunate slogan. I know that Czechs are not terribly happy with the their government. But a nation that is still worried about national sovereignty, after rule from Berlin and Moscow, might be a little more careful about how it words invitations to tourists. -
In the Picture: Greece and the eurozone crisis
11 May 2012 | 1:28 pmThe eurozone crisis is back in focus this week. In a Bloomberg poll published on Thursday, 57% of 1,253 investors, analysts and traders who are Bloomberg subscribers said at least one country will abandon the euro by year-end. There was a scramble in Greece after two of its biggest parties collapsed in the general election, propelling the far left Syriza party into the spotlight. Spain, meanwhile, is set to miss its budget deficit target for this year and the next. The government also had to part-nationalise the troubled savings bank, Bankia. We rounded up the best reads on Spain for you… -
FT podcast: World Weekly
9 May 2012 | 6:40 pmGrowth vs austerity in the eurozone The growth vs austerity debate has been a focal point of eurozone politics over the past weeks. With voters in France and Greece appearing to reject austerity in this weekend’s elections, are we beginning to see a shift in policy from austerity towards spurring growth? Ralph Atkins, Hugh Carnegy, Chris Giles and Ben Hall join Shawn Donnan to discuss. -
The end of Richard Lugar and of an era
9 May 2012 | 10:04 amThe defeat of Senator Richard Lugar in a Republican Party primary in Indiana is a further depressing sign of the death of centrism in the GOP. Lugar was a classic old-style, bipartisan Republican: solidly conservative in his outlook, but also willing to work across party lines on issues of national interest, such as arms control. He also has two other characteristics that are going out of fashion among Republicans: he has a deep knowledge of international affairs and he believes in international law. Neither characteristic turned out to be a plus, when running for the Republican nomination,…
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Tech blog
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AMD bridges Ivy gap with Trinity
15 May 2012 | 11:00 pmIntel told its investor day last week it would be producing 2m units a week of its latest “Ivy Bridge” processors by the end of June, but the chipmaker faces fresh competition from Tuesday’s consumer and business announcements by rivals AMD and Nvidia. AMD launched its second-generation “Trinity” processors, touting longer battery life and lower prices than Intel’s offerings for notebooks and PCs, while Nvidia threatened to challenge Intel in the data centre and enterprise with the unveiling of its VGX graphics processing unit (GPU) platform. -
Yahoo at Internet Week: pass the stress balls
14 May 2012 | 3:03 pmStress balls, breath mints, cupcakes and a sponsored “oxygen bar”: yes, it’s Internet Week in New York, the annual feast of branded freebies, parties and panels for the city’s digital media and marketing set. Today a Yahoo presentation drew the biggest crowd at the warehouse-like SoHo venue. Some were clearly there for an address on “big data” by Billy Beane, the number-crunching general manager of the Oakland A’s baseball team and inspiration for Brad Pitt’s character in Moneyball. -
Story of the Week: Facebook introduces own app store
11 May 2012 | 6:29 pmShopping on Facebook for apps will soon be easier with the App Center, a new application storefront for users to buy and discover content. The social networking company announced the App Center this week following an amendment to its S-1 filing that claimed it does not “currently directly generate any meaningful revenue from the use of Facebook mobile products, and our ability to do so successfully is unproven”. The timing of the App Center news did not go unnoticed by commentators who noted Facebook’s push to conquer mobile. -
Keeping a walk-work balance in the office
11 May 2012 | 6:28 pm©Thor Swift Consider office work a slog? Feel like you’re on a hamster wheel? Then perhaps the addition of a treadmill desk to your work environment may not appeal. However, some of those who feel office life is too sedentary and unhealthy are turning to the treadmill-desk concept. LifeSpan TR 1200-DT Treadmill Desk: 4/5 -
Technology: Mired in a legal morass
9 May 2012 | 10:54 pmJudith Masthoff, a Dutch researcher in artificial intelligence, was a doctoral student in the mid-1990s when she came up with her first invention. The outline of the idea – a way of “enabling a user to fetch a specific information item from a set of information items” – hardly hinted at the starring role her brainwave would play in the legal battles sweeping through the technology industry.
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Westminster blog
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Is there any need to worry about Santander UK?
16 May 2012 | 4:49 amWith Kent county council pulling out £3m from Santander UK, questions are now being asked about whether others should worry about the Spanish-owned bank. We report this morning that Havering council has also removed Santander from its approved list – while Westminster city council took £10m out of the bank 18 months ago. The concerns revolve around the parent company, Santander, amid nervousness about the vulnerability of the Spanish economy. One senior MP told us yesterday that the news reminded him somewhat of the early days of Northern Rock, even though the two situations are very… -
Vince Cable plays down the benefits of credit easing
14 May 2012 | 4:22 pmIt was business questions today and the main focus was on the current battle of words between business groups and the government. But there was also an interesting moment when Vince Cable played down the potential benefits of credit easing. “Nobody ever argued that the credit easing scheme would solve the problem of small business lending. We argued that it would cheapen the cost, and that will happen. All the major banks are now engaged in arranging packages to enable those lower costs to be passed through. I think the hon. Gentleman will be pleasantly surprised by the take-up within a… -
Is “bash business” a deliberate govt strategy?
14 May 2012 | 10:40 amIs the government in danger of handing over its reputation for being pro-business to Labour? William Hague’s message in yesterday’s Sunday Telegraph that businesses should “work harder” to promote growth was certainly bold. At a time when the economy is stagnating and the government’s strategy is increasingly being questioned, turning round and blaming the sector of the economy you’re relying on to turn that round seems like a reckless strategy. Before we get on to why it’s not a good idea to blame business for not supporting growth, let’s… -
Live blog: Leveson Inquiry
11 May 2012 | 3:54 amThis was our live coverage of the Leveson inquiry into press standards on the day Rebekah Brooks, former chief executive of News International and ex-editor of The Sun and the News of the World, took the stand to face questions from Robert Jay, QC. 16.30 That’s it for our live coverage of Leveson today. See FT.com for news and reaction. Ben Fenton’s news story on the BSkyB bid elements to Brooks’ evidence is here. And we’ll leave you with Ben’s take on the day: So, that was five hours in the witness box for Rebekah Brooks and at the end of it I don’t feel a… -
Leveson inquiry: Andy Coulson
10 May 2012 | 7:45 amThis was the FT’s live blog on the Leveson Inquiry on May 10th, 2012. Andy Coulson, former News of the World editor and head of communications at Number 10, was testifying. Written by Kiran Stacey (KS) and Jim Pickard (JP). 4.34pm KS: The Andy Coulson session has now wrapped up. Ben Fenton has written this story for the FT. He writes: Andy Coulson, the former tabloid editor who became David Cameron’s spokesman, rejected on Thursday the idea that politicians in Downing Street had become too close to the press. These are the other interesting details to emerge from today’s…
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Banks and financial services company and industry news from the Financial Times
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Profits plummet at BES
16 May 2012 | 5:35 amPortugal’s largest listed lender by market value says there are positive signs the country is avoiding the euro crisis despite an 84% first quarter fall in net profits -
More heavy selling takes FTSE under 5,400
16 May 2012 | 3:05 amWorries about the escalating Greek crisis bite further into banks and miners as broad-based selling pushes the London benchmark down 1.1% -
EU to push for binding investor pay votes
15 May 2012 | 3:31 pmBarnier’s initiative would hand bank shareholders voting power to curb ‘morally indefensible’ pay and limit the gap between the lowest and highest paid -
Bankers focus on reform-minded French duo
15 May 2012 | 3:31 pmThe relationship between the two men could be pivotal to reining in Europe’s financial sector perceived abuse and setting new limits on what banks can do -
Bankers discuss curbing rating agencies
15 May 2012 | 3:00 pmCFO forum to debate limiting data available to big three raters in wake of behaviour in crisis, putting potential new rivals on an level playing field
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FT.com - Investment banking
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DoJ probes $2bn JPMorgan trading loss
15 May 2012 | 3:07 pmThe Justice Department has opened a preliminary investigation into the $2bn in trading losses suffered by JPMorgan Chase -
Dimon shakes up JPMorgan top team
14 May 2012 | 4:23 pmRising star Matt Zames is named chief investment officer to replace Ina Drew while traders responsible for $2bn loss are also expected to depart -
JPMorgan probe into London role in loss
13 May 2012 | 4:43 pmDimon says he was 'dead wrong' to dismiss questions of his chief investment office shortly before reporting a $2bn loss in the division -
Trading desks face tighter regulations
13 May 2012 | 3:15 pmThe size and scale of the surprise $2bn loss at JPMorgan Chase last week is likely to accelerate plans by global regulators to force banks to improve their trading risk models -
JPMorgan's 'whale' causes a splash
11 May 2012 | 5:19 pmThe trader at the centre of the bank's loss was dubbed 'Voldemort' after the villain from the Harry Potter books to reflect the size of his trades
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FT.com - Hedge funds
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Herbalife faces rising Einhorn pressure
14 May 2012 | 5:09 pmThe head of Greenlight Capital hedge fund is tipped to renew his focus on the diet supplement company at a charity event on Wednesday -
Lost assets regained by Asia hedge funds
13 May 2012 | 10:08 amLast year's dire performance left behind as China hosts 30% of global funds by number. Still Asian funds assets make up only 4% of industry's total -
Cross-border fines for fund manager
10 May 2012 | 1:40 pmMartin Currie has been ordered to pay $14m for 'fraudulently' using one of its US-listed funds to rescue a hedge fund run by the same manager -
Goldman moves to pre-empt Volcker
10 May 2012 | 12:44 pmThe US group has begun shedding its investments ahead of upcoming rules that will limit banks' ability to keep money in hedge funds and private equity -
Vulture funds eye longer timescale
9 May 2012 | 3:04 pmDespite the ECB emergency funding, European banks will still have to shrink, and this will inevitably provide plenty of dealmaking opportunities
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FT.com - Mergers and acquisitions
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GE to buy Australia's Industrea for A$700m
15 May 2012 | 11:48 pmUS group build its global business serving resource industries with the acquisition of Industrea and Fairchild International of America -
KKR to take 50% stake in Fotolia
15 May 2012 | 6:51 pmPrivate equity group invests in 'crowdsourcing' start-up in a bid to consolidate the fragmented marketplace for licensing online digital images -
Lufthansa bid to Tap into LatAm market
15 May 2012 | 5:11 pmThe German airline, which is keen to play a role in the industry's consolidation, is likely to launch a bidding war for the Portuguese flag carrier -
Avon's long road ahead as Coty walks away
15 May 2012 | 12:45 pmThe cosmetics group must now grapple with its sales and regulatory problems after its smaller rival withdraws its unsolicited $10.7bn bid -
NYSE Euronext knocked out of LME race
15 May 2012 | 12:18 pmNYSE was one of four bidders to submit offers for the metals exchange, and is the first to be eliminated after placing too low a bid
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FT.com - Private equity
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KKR to take 50% stake in Fotolia
15 May 2012 | 6:51 pmPrivate equity group invests in 'crowdsourcing' start-up in a bid to consolidate the fragmented marketplace for licensing online digital images -
Carlyle earnings hit by weak investment profits
15 May 2012 | 6:17 pmThe private equity firm reported distributable earnings down by more than a third in its first set of quarterly earnings as a public company -
3i set to appoint ex-City banker as chief
13 May 2012 | 1:48 pmUK's largest listed private equity group is set to name Simon Borrows as its new chief executive in a move that will appease unhappy shareholders -
Guy forks out the cash for Terra Firma
10 May 2012 | 4:13 pmPrivate equity executives are more demanding toilers than most, which is why the financier is shelling out £20m on retention bonuses -
Goldman moves to pre-empt Volcker
10 May 2012 | 12:44 pmThe US group has begun shedding its investments ahead of upcoming rules that will limit banks' ability to keep money in hedge funds and private equity
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FT.com - IPOs
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Facebook raises IPO price range
15 May 2012 | 4:30 pmPricing of $34-$38 a share puts social networking group in sight of a $100bn valuation that many industry observers initially thought unattainable -
Facebook must adapt to rise of smartphone
14 May 2012 | 8:14 pmNearly half of the site's 900m users access its social network from a mobile device but the soon-to-float business is not quite ready for them -
Tech investor hits at London stance
10 May 2012 | 6:02 pmNeil Rimer, co-founder of Index Ventures, says the City's financial advisers and institutions discourage local companies from listing in the UK -
Facebook kicks off IPO roadshow
7 May 2012 | 3:09 pmZuckerberg launches campaign to promote the social networking site to potential investors across the country -
HK IPOs grasp for cornerstone investors
7 May 2012 | 11:03 amWorrying trend in world's biggest listing market, with more groups seeking to float having such key investors taking more than 30% of the issue
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Banks and financial services company and industry news from the Financial Times
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Profits plummet at BES
16 May 2012 | 5:35 amPortugal’s largest listed lender by market value says there are positive signs the country is avoiding the euro crisis despite an 84% first quarter fall in net profits -
More heavy selling takes FTSE under 5,400
16 May 2012 | 3:05 amWorries about the escalating Greek crisis bite further into banks and miners as broad-based selling pushes the London benchmark down 1.1% -
EU to push for binding investor pay votes
15 May 2012 | 3:31 pmBarnier’s initiative would hand bank shareholders voting power to curb ‘morally indefensible’ pay and limit the gap between the lowest and highest paid -
Bankers focus on reform-minded French duo
15 May 2012 | 3:31 pmThe relationship between the two men could be pivotal to reining in Europe’s financial sector perceived abuse and setting new limits on what banks can do -
Bankers discuss curbing rating agencies
15 May 2012 | 3:00 pmCFO forum to debate limiting data available to big three raters in wake of behaviour in crisis, putting potential new rivals on an level playing field
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Banks and financial services company and industry news from the Financial Times
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Profits plummet at BES
16 May 2012 | 5:35 amPortugal’s largest listed lender by market value says there are positive signs the country is avoiding the euro crisis despite an 84% first quarter fall in net profits -
More heavy selling takes FTSE under 5,400
16 May 2012 | 3:05 amWorries about the escalating Greek crisis bite further into banks and miners as broad-based selling pushes the London benchmark down 1.1% -
EU to push for binding investor pay votes
15 May 2012 | 3:31 pmBarnier’s initiative would hand bank shareholders voting power to curb ‘morally indefensible’ pay and limit the gap between the lowest and highest paid -
Bankers focus on reform-minded French duo
15 May 2012 | 3:31 pmThe relationship between the two men could be pivotal to reining in Europe’s financial sector perceived abuse and setting new limits on what banks can do -
Bankers discuss curbing rating agencies
15 May 2012 | 3:00 pmCFO forum to debate limiting data available to big three raters in wake of behaviour in crisis, putting potential new rivals on an level playing field
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Financial Times - Europe
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Rajoy warns Spain faces market exile
16 May 2012 | 4:56 amSpain’s PM says the country is at ‘serious risk’ of a borrowing freeze or being forced to ‘borrow at astronomical prices’ without austerity measures -
Mladic genocide trial opens in The Hague
16 May 2012 | 4:13 amProsecutors begin proceedings by promising to link the former Bosnian Serb commander to atrocities committed by his forces in the 1992-95 war -
Hollande urges action to stimulate growth
15 May 2012 | 5:43 pmNew French president was soaked during a street walkabout, then was forced to turn back to Paris to change aircraft after lightning hit his plane -
Merkel and Hollande spell out Greek fear
15 May 2012 | 4:18 pmBoth Berlin and Paris say Athens should remain a full member of euro but they agreed the country must carry out its austerity programme -
US and Russia urged to slash nuclear arms
15 May 2012 | 4:00 pmA former senior general has called for an 80% cut to help encourage smaller atomic powers to engage in multilateral arms control negotiations
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Japan News Headlines: Finance, Business & Politics - FT.com
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BoJ misses bond buying target
16 May 2012 | 5:14 amCentral bank draws offers of Y481bn for JGBs with one to two years left to maturity, indicating that it is pumping more cash than markets can absorb -
Japan’s megabanks: travel time
15 May 2012 | 1:33 pmThe lenders have ventured overseas before and have suffered but, with their western rivals deleveraging and distracted, another visit might be timely -
Japan fails to deliver a growth strategy
13 May 2012 | 10:58 amPoliticians who gutted Koizumi-era postal privatisation plans last month are not offering much of an alternative means of reviving the economy -
China, Japan and S Korea in free trade talks
13 May 2012 | 1:24 amWen Jiabao urged Asian powers to co-operate more as China, Japan and South Korea agreed to launch negotiations on free trade pact -
Japan posts second monthly surplus
9 May 2012 | 10:58 pmJapan posts second consecutive monthly current account surplus easing fears over solvency as the country wrestles with its Y958tn debt mountain
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China News Headlines: Finance, Business & Politics - FT.com
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Chinese activist tells Congress of beatings
15 May 2012 | 5:25 pmChen Guangcheng says members of his family have been attacked by local government ‘thugs’ and criminal charges against his nephew are ‘trumped up’ -
Philippine business warns on China stand-off
15 May 2012 | 7:03 amThe call for a quick resolution to the month-long confrontation in the South China Sea comes amid signs it was starting to hit trade and tourism -
China investment boom starts to unravel
14 May 2012 | 8:02 amLess closely watched economic data – such as electricity, rail cargo and bank loans – raise concerns about the extent of the slowdown in China -
News Corp expands China film footprint
14 May 2012 | 3:39 amRupert Murdoch’s US media group takes a 19.9% stake in film distributor and producer Bona Film, bolstering its position the Chinese market -
Bo ally gives up China security roles
13 May 2012 | 8:55 amThe chief of domestic security has relinquished day-to-day control of the country’s police, courts and spy networks in the wake of a serious political scandal
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Chinese Economy news headlines from the Financial Times
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Asian equities: signs of maturing
14 May 2012 | 9:24 amGrowth-focused managers hold more that 80 per cent of funds in the region, compared with two-thirds in the US and less than half in Europe -
China investment boom starts to unravel
14 May 2012 | 8:02 amLess closely watched economic data – such as electricity, rail cargo and bank loans – raise concerns about the extent of the slowdown in China -
China moves to spur growth
13 May 2012 | 8:07 amBeijing has loosened monetary policy in an attempt to spur growth, after disappointing data showed a continued slowdown in the world’s second-biggest economy -
China, Japan and S Korea in free trade talks
13 May 2012 | 1:24 amWen Jiabao urged Asian powers to co-operate more as China, Japan and South Korea agreed to launch negotiations on free trade pact -
Fresh China data raise growth fears
11 May 2012 | 5:16 amSlowdown in Chinese economy raises fresh questions about strength of the world’s second-biggest economy and increased pressure on Beijing
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Financial Times - India
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Five cricketers suspended in IPL probe
15 May 2012 | 10:30 amIndia TV broadcast evidence using hidden cameras and microphones, which appeared to show Indian players negotiating fees to bowl no-balls during matches -
Indian and Chinese airlines snub EU on carbon
15 May 2012 | 6:23 amThe carriers – two from India and eight from China – could face fines unless they respond to requests for data -
India’s former telecoms minister bailed
15 May 2012 | 6:16 amAndimuthu Raja is freed on bail after 15 months in jail on corruption charges over his alleged involvement in an improper sale of 2G licences -
India inflation climbs higher
14 May 2012 | 8:40 amUnexpected 7% rise in inflation will make it difficult for the Reserve Bank of India to cut interest rates, frustrating business leaders’ hopes -
India promises support for manufacturers
11 May 2012 | 5:09 amIndia’s industrial production fell 3.5% year on year in March, compared with a 4.1% increase in February, driven by a sharp fall in manufacturing
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Indian Economy news headlines from the Financial Times
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India’s growth threatened by old abuses
15 May 2012 | 12:09 pmThe system governing economic reform and investment has broken down, at a time when foreign capital is needed to fund the current account deficit -
India inflation climbs higher
14 May 2012 | 8:40 amUnexpected 7% rise in inflation will make it difficult for the Reserve Bank of India to cut interest rates, frustrating business leaders’ hopes -
India promises support for manufacturers
11 May 2012 | 5:09 amIndia’s industrial production fell 3.5% year on year in March, compared with a 4.1% increase in February, driven by a sharp fall in manufacturing -
India to boost exports with subsidies
10 May 2012 | 10:20 amIncentives for overseas sales of textile and engineering goods expected as government battles to deal with widening trade deficit -
Clinton warns India over Iranian oil
7 May 2012 | 3:25 amHillary Clinton, US secretary of state, has warned India it needs to do more to reduce its oil imports from Iran or its financial system could face US sanctions
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Pakistan News Headlines: Finance, Business & Politics - FT.com
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US nears deal to reopen Afghan supply route
15 May 2012 | 7:41 pmPakistan and the US appear close to a deal to reopen supply lines for the war effort in Afghanistan, as Nato invited the Pakistani president to an important summit this weekend -
Karachi’s toughest cop takes on Taliban
6 May 2012 | 7:57 pmThe head of the capital’s anti-extremist cell has spent his career fighting gangsters but now he vows to stop his most fearsome foe -
Pakistan protests after US drone strike
5 May 2012 | 10:03 amA growing number of Pakistanis say US drone attacks violate the country’s sovereignty -
Bin Laden letters show micro-manager
3 May 2012 | 1:53 pmAl-Qaeda leader asked to see Yemeni-American's resumé so he could understand why he had been recommended for job in Arabian peninsula -
Siachen disaster highlights a military folly
30 Apr 2012 | 7:47 amAvalanche that entombed 140 Pakistanis in a contested border area spurs calls for an end to the 28-year stand-off with India
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Financial Times - Afghanistan News Headlines
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US nears deal to reopen Afghan supply route
15 May 2012 | 7:41 pmPakistan and the US appear close to a deal to reopen supply lines for the war effort in Afghanistan, as Nato invited the Pakistani president to an important summit this weekend -
Afghan peace negotiator killed in Kabul
13 May 2012 | 4:00 amGunmen shot dead Maulvi Arsala Rahmani in the capital Kabul, dealing another blow to the country’s attempts to negotiate a peace deal with the Taliban -
Stopping a slide to Afghanistan redux
7 May 2012 | 12:44 pmWithout change, it is all too easy to imagine a repeat of the circumstances that led to the Taliban’s seizure of power in the late 1990s -
Chaotic start to Guantánamo 9/11 trial
5 May 2012 | 12:51 pmKhaled Sheikh Mohammed, mastermind of the September 11 attacks, refuses to respond to judge’s questions -
Pakistan protests after US drone strike
5 May 2012 | 10:03 amA growing number of Pakistanis say US drone attacks violate the country’s sovereignty
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Financial Times - Management
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How should you handle a reputation crisis?
15 May 2012 | 4:19 pmIn the middle of a storm, football player Joey Barton used the social media while former Yahoo chief Scott Thompson stayed out of the limelight -
Going for sportswear gold
15 May 2012 | 12:09 pmThe Australian sportswear brand 2XU grew fast by first establishing a reputation with serious athletes, writes Neil Hume -
Capitalism is still the best system there is
15 May 2012 | 12:09 pmSome entrepreneurs break the rules, but damning an entire class for the high-profile errors of the few is destructive and ill-judged., writes Luke Johnson -
Business traveller: Working and flying
15 May 2012 | 12:09 pmWiFi and now mobile phones have started making their presence felt on flights giving the option of mid-air working, writes Rhymer Rigby -
A slice of the Chinese market
14 May 2012 | 2:40 pmThree new books offer revealing insights into the minds and spending habits of China’s rapidly growing middle classes, writes Patti Waldmeir
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Financial Times
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MBA blog
13 May 2012 | 6:14 pmThree new bloggers are describing their business school experiences -
Wise words
13 May 2012 | 6:08 pmSpecialist publishers are offering much more than course materials, writes Rebecca Knight -
Lightbulb moment
13 May 2012 | 6:08 pmAs chief executive of Philips Electronics India, Rajeev Chopra could not imagine going back to business school – until the company suggested it. So was it a good idea? By James Fontanella-Khan -
Pieces of the action
13 May 2012 | 6:08 pmThe executive education market is becoming ever more fragmented, writes Della Bradshaw -
Meet the dean
13 May 2012 | 6:06 pmKai Peters aims to raise Ashridge’s profile as a seat of applied learning, writes Della Bradshaw
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Financial Times - Entrepreneurship
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Going for sportswear gold
15 May 2012 | 12:09 pmThe Australian sportswear brand 2XU grew fast by first establishing a reputation with serious athletes, writes Neil Hume -
Case study: GE’s innovator community
14 May 2012 | 2:40 pmThe US conglomerate looked outside itself, using a novel strategy to invite new ideas from all over the world, writes Henry Chesbrough -
TV ‘Dragon’ to fund property start-ups
13 May 2012 | 2:51 pmJames Caan seeks to fill gap in bank lending and back 12 ventures with the aim of creating a multifaceted company with an equity value of £500m -
Where’s the growth agenda, ask firms
11 May 2012 | 1:59 pmGovernment criticised over Queen’s Speech -
Location vital to small businesses
11 May 2012 | 1:58 pmSense of place is still important
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FT.com - Science
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Technology M&A activity defies downturn
14 May 2012 | 6:01 pmDeal volumes suffer just half the decline seen in other sectors, spurred by companies’ need to keep abreast of industry innovations -
China’s Citic in algorithmic trading deal
14 May 2012 | 5:18 pmThe country’s largest broker is to buy technology from Progress Software as high-frequency trades continue to spread from the west to Asia -
Monster boost for diabetes drugs
11 May 2012 | 7:27 pmA gut hormone produced by the Gila monster lizard of the south-western US could be crucial in the treatment of type-2 diabetes, writes Clive Cookson -
GSK turns hostile with $2.6bn bid for HGS
9 May 2012 | 10:24 amThe UK pharmaceutical group will take its $13-a-share offer directly to shareholders of the US drug developer after its approached was dismissed -
Burden of obsolescence becomes more acute
6 May 2012 | 11:17 amThe speed of technological change has made the life cycle of key components increasingly shorter, posing a big problem for the military and manufacturers
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Financial Times - The Monday Interview
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Constructing rewards out of risk
13 May 2012 | 3:47 pmAfter striking out in Russia, Turkish construction magnate Erman Ilicak has thrived in markets others have avoided, writes Daniel Dombey -
The tech world’s Willy Wonka
6 May 2012 | 8:56 amThe founder of Zynga, the social games developer, blends the real with the virtual, work with play and office with home, writes Chris Nuttall -
Immersed in the drama of science
29 Apr 2012 | 9:28 amAfter considering an acting career, Benoît Potier, the chief executive of Air Liquide, found a place on the global stage, writes Peter Marsh -
A collegiate kind of chemistry
22 Apr 2012 | 10:35 amKurt Bock, BASF chief executive, may hide his light behind his team, but he does not shy away from prickly political issues, writes Chris Bryant -
Blueprint for a better society
15 Apr 2012 | 2:49 pmLord Rogers, one of the world’s great architects, wants us to rethink the model of how we do business, writes Emma Jacobs
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Financial Times - Personal Finance
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Santander UK plays down Spanish risk
15 May 2012 | 2:23 pmKent county council stops placing £3m of overnight deposits with UK arm over concerns that funds might be repatriated to Spain -
Low earners borrowed heavily to spend highly
14 May 2012 | 6:02 pmStudy suggests the availability of credit to the low waged in 10 years before the crisis may have increased the debt burden on those least able to bear it -
Santander offers NewBuy mortgages
14 May 2012 | 8:35 amLender joins four other banks in offering 95 per cent mortgage rates as part of the government’s scheme to help first-time buyers -
Pick from the mix of small caps
11 May 2012 | 1:38 pmProfit expectations are reasonable and valuations relatively low -
Is crisis-hit Europe a place for investors?
11 May 2012 | 1:32 pmExperts have mixed views following elections in Greece and France and predictions of market turmoil
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FT.com - Mortgages
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Santander offers NewBuy mortgages
14 May 2012 | 8:35 amLender joins four other banks in offering 95 per cent mortgage rates as part of the government's scheme to help first-time buyers -
Eurozone holiday home sell-off
11 May 2012 | 12:44 pmBritons who own holiday homes in the eurozone are selling up at nearly three times the rate they were four years ago -
Big Switch energy tariff not the cheapest
11 May 2012 | 7:50 amWhich? campaign to harness collective bargaining fails to pay off after British Gas and Scottish and Southern Energy refuse to take part -
Interest-only loans disappearing fast
4 May 2012 | 12:05 pmBorrowers who want to use alternative methods of paying off a mortgage are fast running out of options -
Can you remortgage to a better deal?
4 May 2012 | 12:03 pmMillions of homeowners are being advised to review their mortgage payments after high street lenders raised their standard variable rates
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FT.com - Investments
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Should I spread my portfolio risk across providers?
11 May 2012 | 1:41 pmIf the charges are reasonable then should I diversify financial services providers, as well as investments? -
Pick from the mix of small caps
11 May 2012 | 1:38 pmProfit expectations are reasonable and valuations relatively low -
Is crisis-hit Europe a place for investors?
11 May 2012 | 1:32 pmExperts have mixed views following elections in Greece and France and predictions of market turmoil -
New fund fees muddy the waters
11 May 2012 | 12:44 pmLatest measure of charges excludes manager fees and dealing costs -
Private investors set to have more clout
11 May 2012 | 12:37 pmIndividual shareholders to gain more say over management following last week's Queen Speech
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FT.com - Pension
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Temporary annuities offer alternative
11 May 2012 | 12:37 pmWith annuity rates depressed – and now falling again – more pension savers are reluctant to lock into a lifetime annuity in case rates later recover -
Drawdown investors shift to annuities
11 May 2012 | 4:18 amMany individuals in drawdown plans face cuts to their retirement income, due to market factors -
Probe into pension transfer advice
4 May 2012 | 12:42 pmFSA orders advisers to review pension transfers and compensate clients given wrong recommendations -
Beware the impact of Sipp fees
4 May 2012 | 12:07 pmCharges appear to be falling – but DIY investors need to look beyond the headline figures -
Crackdown on pension transfer advice
4 May 2012 | 12:07 pmNew rules will make it harder for a financial adviser to show that a transfer from a final-salary, or defined benefit (DB), scheme is beneficial
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FT.com - Tax
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Can we avoid tax on a flat for our daughter?
4 May 2012 | 12:08 pmUsing a trust could mitigate capital gains tax -
Civil servants face tax avoidance probe
2 May 2012 | 5:51 pmTreasury chief secretary has carried out review into civil service pay since it emerged chief executive of the Student Loans Company was paid in this way -
US corporate tax reform stays on back-burner
2 May 2012 | 12:27 pmRough consensus that code needs changing has failed to be maintained to the nuts of bolts of which politically sensitive tax break to eliminate -
Blow for tax-efficient funds
27 Apr 2012 | 12:29 pmFinancial Services Authority clampdown on promoting "non-mainstream" investments hits tax-efficient EIS funds -
Fine line between backing films and avoidance
24 Apr 2012 | 4:51 pmSchemes once used to skirt away from paying tax are now uncertain, with the Revenue conducting long-running enquiries into their legitimacy
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Financial Times - My Portfolio
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I’ll watch Eros . . . from a distance
11 May 2012 | 1:42 pmDina Iordanova explains why she’s not exchanging Bollywood for Hollywood -
Share prices can bely true value
4 May 2012 | 12:06 pmSometimes a small PLC falls below most investors’ and analysts’ radar, says John Lee -
Lose patience . . . lose money
27 Apr 2012 | 1:13 pmPatience is no good at all when profit warnings or other bad news make it clear that a company’s profit engine no longer works -
Stockpickers’ pecking order
20 Apr 2012 | 12:47 pmA fox and a robin teach me to seek out stock market rewards -
It’s never too early to take stock
13 Apr 2012 | 1:01 pmIf you experience share trading from a young enough age, you can learn some valuable lessons in life
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Financial Times - Serious Money
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What price happiness? About £20,000
11 May 2012 | 2:11 pmThe price of insurance against financial discomfort has risen by about 300 per cent, says Matthew Vincent -
Fund managers more than a match for the FA
4 May 2012 | 12:45 pmWho makes the best decisions? The FA or fund managers -
Infinite perils of pin-wielding monkeys
27 Apr 2012 | 1:39 pmWhy did traders spend Monday afternoon selling equities – other than a lack of Dutch courage? -
How MPs woke up to the plight of pensioners
20 Apr 2012 | 1:30 pmMPs could propose a tax change that would free billions for older savers -
Pensions dressed in Emperor’s new clothes
13 Apr 2012 | 2:04 pm“Defined ambition” pensions sound a lot like double Dutch
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John Authers | The Long View - Financial Times
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Greek tragedy puts political roles in peril
11 May 2012 | 2:52 pmRecent election results could provide ‘forcing mechanism’ pushing politicians to sort out basis on which eurozone can continue, writes John Authers -
The rising risks of Volcker Rule-plus
11 May 2012 | 1:13 pmUS banks have so far argued effectively over-regulation would harm international competitiveness. Yet they can make money in ways the Europeans cannot -
Strange market physics underpins US recovery
4 May 2012 | 4:23 pmThe weight of investors’ money is holding back a currency correction for what hedge funds might call the ‘long US-short Europe’ trade -
When value goes out of style
27 Apr 2012 | 5:56 pmBecause growth is scarce, people will pay a premium for it – so companies that are growing keep outperforming -
Spain still embodies roots of financial crisis
20 Apr 2012 | 4:20 pmThe country’s speculative bubble has yet to deflate properly because its banks and authorities have been slow to recognise realities
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Financial Times - Merryn Somerset Webb
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Where share buybacks are ‘a steal’
11 May 2012 | 1:38 pmShareholders should protest against institutionalised theft of their returns – buybacks are often part of the mechanism of that theft -
Overvalued US will be worth the wait
4 May 2012 | 12:03 pmMarket valuation measures suggest it’s time to delay – or take a risk on European shares -
Want a house deposit? Ask a shipbuilder
27 Apr 2012 | 12:54 pmThe credit bubble started in the US. It moved to Europe. It’s headed for China – and that’s where our next shock is likely to come from -
Is it worth bypassing the usual suspects?
20 Apr 2012 | 12:26 pm‘Democratic finance’ is gaining populartity, but shunning traditional financial products is by no means as easy as it sounds -
What do I invest in? OK, I’ll tell you...
5 Apr 2012 | 12:51 pmMy cash also isn’t going into gilts or Treasuries, bank shares or anything connected with China, says Merryn Somerset Webb
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FT.com - Life & Arts
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Passions and portraits
11 May 2012 | 7:34 pmVuillard channelled domestic friction into a series of ravishingly claustrophobic canvases, writes Ariella Budick -
Hong Kong’s moment
11 May 2012 | 7:28 pmArt Hong Kong’s founders have an impressive sense of timing, writes Jan Dalley -
Heavenly Hawaii
11 May 2012 | 7:24 pmPico Iyer discovers myriad ways to escape reality on the island of Kauai in Hawaii -
Five-star farms
11 May 2012 | 7:23 pmThe latest trend in family holidays offers a taste of the country in luxurious settings, writes Joanne O’Connor -
Rappers and reality
11 May 2012 | 7:23 pmAs Kanye West and Jay-Z’s rap supergroup arrives in London, Ludovic Hunter-Tilney sees parallels between hip-hop and rock’s 1970s golden age
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Arts
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Robert Glasper Experiment, Barbican, London
15 May 2012 | 11:39 amThis gig maintained a fine balance between improvisatory jazz freedoms and the band’s new, tighter sound, writes Mike Hobart -
Fun, XOYO, London
15 May 2012 | 11:39 amRiding high with a UK top 10 hit, the New York band radiated exuberance at this London gig, writes Ludovic Hunter-Tilney -
Nashville Symphony/Ives, Carnegie Hall, New York
15 May 2012 | 11:34 amCharles Ives’ hyper-forbidding ‘Universe Symphony’ was the highlight of a visit from this adventurous orchestra, writes Martin Bernheimer -
Chair, Lyric Hammersmith Studio, London
15 May 2012 | 11:34 amEdward Bond’s play is a grim parable about a future society where security trumps humanity, Sarah Hemming writes -
George Benjamin, Royal Festival Hall, London
15 May 2012 | 11:29 amA two-day retrospective shows that the British composer’s work is best savoured in small doses, Andrew Clark writes
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Financial Times - Collecting
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A leap of faith
12 May 2012 | 6:51 amDavid Khalili tells Susan Moore why he embraced Islamic art – and how it can help to build bridges -
‘We will create a vibrant arts scene’
11 May 2012 | 7:28 pmPearl Lam is finally opening a gallery in her native Hong Kong. Sophie Hastings finds out why it has taken her so long -
Japan’s grace under pressure
11 May 2012 | 7:28 pmFaith in the craft tradition has defied last year’s tsunami, writes Emma Crichton Miller -
Keeping it at home
11 May 2012 | 7:27 pmSophie Hastings on the rise of private museums in the Asia Pacific region -
The lure of the east
11 May 2012 | 7:27 pmGeorgina Adam examines the forces behind Hong Kong’s contemporary art gold rush
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Financial Times - Design & Architecture
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Photographers’ Gallery, London
14 May 2012 | 11:33 amDespite an unglamorous locale, the rebuilt exhibition space has real urban presence, Edwin Heathcote writes -
Welcome break from glassiness
11 May 2012 | 7:28 pmThe Asia Society’s new Hong Kong outpost is an understated architectural gem that eschews anything too showy, writes Edwin Heathcote -
‘I designed the recycling symbol’
11 May 2012 | 7:26 pmThe US engineer tells Katie Engelhart that it took him a ‘day or two’ to come up with the logo for a competition -
Utopia for the better-off
4 May 2012 | 6:08 pmBut what did it really achieve? Edwin Heathcote questions the Bauhaus’s legacy -
Architect who thrives on neglect
29 Apr 2012 | 2:00 pmRem Koolhaas’s design for Dasha Zhukova’s new Moscow art gallery makes a virtue of the site’s history, Edwin Heathcote writes
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Financial Times - Film & Television
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Sharp looks
11 May 2012 | 7:21 pmAs ‘Dark Shadows’ hits the big screen, Peter Gutierrez lifts the lid on vampire chic, which shares a lot of sartorial DNA with Goth fashion -
World class
11 May 2012 | 7:20 pmFormed via YouTube, the Aldeburgh World Orchestra is comprised of instrumentalists from more than 30 countries and five continents, writes Hannah Nepil -
A Faust that’s rude, lewd and irresistible
10 May 2012 | 11:28 amNigel Andrews reviews this week’s new film releases: ‘Faust’, ‘Dark Shadows’, ‘How I Spent My Summer Vacation’, ‘All in Good Time’ and ‘Jeff, Who Lives at Home’ -
No way out
4 May 2012 | 6:10 pmJoshua Marston’s new film, ‘The Forgiveness of Blood’, made Albania confront its tradition of blood feuds. Carne Ross and Ardian Arifaj report -
Graphic depictions
27 Apr 2012 | 6:57 pmDirector Spiros Stathoulopoulos tells Nigel Andrews about the delights and trials of low-budget movies
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Financial Times - Music
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Robert Glasper Experiment, Barbican, London
15 May 2012 | 11:39 amThis gig maintained a fine balance between improvisatory jazz freedoms and the band’s new, tighter sound, writes Mike Hobart -
Fun, XOYO, London
15 May 2012 | 11:39 amRiding high with a UK top 10 hit, the New York band radiated exuberance at this London gig, writes Ludovic Hunter-Tilney -
George Benjamin, Royal Festival Hall, London
15 May 2012 | 11:29 amA two-day retrospective shows that the British composer’s work is best savoured in small doses, Andrew Clark writes -
LSO/Gergiev, Barbican, London
14 May 2012 | 11:33 amThe LSO’s Stravinsky Festival began with the austere Mass before taking off with a glittering Firebird led by Valery Gergiev, Richard Fairman writes -
Matthew Shipp and Sabir Mateen, Café Oto, London
14 May 2012 | 11:33 amThis free jazz gig didn’t exactly break the mould but it was delivered with warmth, heart and an overriding sense of form, Mike Hobart writes
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Financial Times - Theatre & Dance
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Chair, Lyric Hammersmith Studio, London
15 May 2012 | 11:34 amEdward Bond’s play is a grim parable about a future society where security trumps humanity, Sarah Hemming writes -
Martins & Millepied premieres, Lincoln Center, New York
14 May 2012 | 11:33 amExpectations were rewarded by intricate variations on a corkscrew motif and a vibrant fusion of dance and music, writes Apollinaire Scherr -
Snow White, Sadler’s Wells, London
13 May 2012 | 9:45 amThe Grimm fairy tale becomes an affair of bruising tedium in the hands of choreographer Angelin Preljocaj, writes Clement Crisp -
Top Hat, Aldwych Theatre, London
13 May 2012 | 9:44 amThe plot is tissue thin, but there’s exuberant choreography in a production that’s delivered with zest and polish, writes Sarah Hemming -
Pandemonium unleashed
11 May 2012 | 7:23 pmDirector Laurie Sansom tells Sarah Hemming about the lure of recklessness and his Festival of Chaos at the Royal & Derngate Theatre
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Financial Times - Visual Arts
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Writing Britain: Wastelands to Wonderlands, British Library, London
13 May 2012 | 9:45 amThe shaping of a nation’s understanding of place through its poets and writers is the theme of this Olympic London exhibition, writes Jackie Wullschlager -
A leap of faith
12 May 2012 | 6:51 amDavid Khalili tells Susan Moore why he embraced Islamic art – and how it can help to build bridges -
Passions and portraits
11 May 2012 | 7:34 pmVuillard channelled domestic friction into a series of ravishingly claustrophobic canvases, writes Ariella Budick -
The power of painting
11 May 2012 | 7:20 pmMohamed Abla’s paintings function like a diary from the past decade of Egyptian life, writes Peter Aspden -
Antico: The Golden Age of Renaissance Bronze, The Frick Collection, New York
8 May 2012 | 11:48 amThis show of flashy works by the 15th-century sculptor advertises his considerable mastery of the art of imitation, writes Ariella Budick
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FT.com - House & Home
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At home: Nawal El Saadawi
11 May 2012 | 7:17 pmOne of the Arab world’s most influential and polemical feminist thinkers tells Matt Kennard how Egypt’s revolution is being aborted -
Hallowed ground
11 May 2012 | 7:17 pmThe garden of a 17th-century house in Ireland slowly unveils its well-hidden wonders to a stunned Robin Lane Fox -
Expat lives: A culinary curator
11 May 2012 | 7:16 pmCultural entrepreneur Justin Rhodes left New York for love and a new lifestyle in Cape Town, says David Kaufman -
Chelsea’s stars
11 May 2012 | 7:16 pmMatthew Wilson on favourite plants he’s found at the Chelsea Flower Show -
Hot property: Estates
11 May 2012 | 7:16 pmTamzin Baker presents a selection of extravagant living spaces from around the world where owners can roam in extensive grounds
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Lunch with the FT - FT.com
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Eden Collinsworth
11 May 2012 | 7:23 pmChinese businessmen should increase their ‘likability’ by taking lessons on western etiquette, the US entrepreneur tells Jonathan Ford -
Anish Kapoor
4 May 2012 | 6:07 pmOver a fusion takeaway at his studio, the artist talks to Jackie Wullschlager about sex, psychobiography and his new Olympic Park sculpture -
Werner Erhard
27 Apr 2012 | 6:53 pmIn his first interview for 20 years, the self-help guru tries to teach personal growth to a baffled Lucy Kellaway -
Let’s do lunch!
27 Apr 2012 | 6:52 pmBill Gates had a burger, Lord Hanson had to put out his cigar. On its 18th birthday, Matthew Engel revisits the big names and big bills that tell the story of Lunch with the FT -
Han Han
20 Apr 2012 | 6:23 pmThe Chinese novelist and superstar blogger talks to David Pilling about the downfall of Bo Xilai and why his fellow citizens must reform not revolt
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FT.com - Arts & weekend, Pursuits
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The Olympics Interview: Dai Greene
11 May 2012 | 7:26 pmThe reigning 400m hurdles world champion knows all about overcoming obstacles – not least his health. He talks to Alison Kervin -
FT Masterclass: Ultra-running with Lizzy Hawker
4 May 2012 | 6:18 pmThe races this British world-record-holder competes in last for days. It's all about fitness, focus and banana bread, she tells Ed Douglas -
Barometer: Tech
27 Apr 2012 | 7:03 pmPlaytime: reclaim your gadgets – and a little peace and quiet – with these kid-friendly devices -
A walk with the FT: Nelson country
27 Apr 2012 | 7:03 pmNovelist Rosie Thomas enjoys the vast sands and marshy creeks of the salt-blown landscape of north Norfolk -
FT Masterclass: Partridge shooting
20 Apr 2012 | 6:13 pmThe etiquette of shooting is not universal, as Heather McGregor was reminded when she took a party of guests to an estate near Toledo
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Financial Times
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Sharp looks
11 May 2012 | 7:21 pmAs ‘Dark Shadows’ hits the big screen, Peter Gutierrez lifts the lid on vampire chic, which shares a lot of sartorial DNA with Goth fashion -
Hollywood’s cutting edge
11 May 2012 | 7:21 pmTake hairstyle inspiration from old-fashioned movie glamour – but don’t be too literal in your homage, writes Caroline Brien -
Why Cannes is film’s own fashion week
11 May 2012 | 7:20 pmThe festival has become the single most important film event of the year in marketing terms, writes Vanessa Friedman -
The first ‘it’ bag
11 May 2012 | 3:18 pmThe designer of the first Fendi Baguette tells Carola Long how the bag created a fashion frenzy -
Fashion’s new way to an old look
4 May 2012 | 6:08 pmNiche brands are applying avant-garde techniques to leather and textiles to create ‘distress’ that is relaxed and luxurious, writes Mark C O’Flaherty
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Financial Times
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Heavenly Hawaii
11 May 2012 | 7:24 pmPico Iyer discovers myriad ways to escape reality on the island of Kauai in Hawaii -
Five-star farms
11 May 2012 | 7:23 pmThe latest trend in family holidays offers a taste of the country in luxurious settings, writes Joanne O’Connor -
Unveiled: An island fastness
4 May 2012 | 6:08 pmThe Barclay brothers have opened up their secret retreat in the Channel Islands, off limits to visitors for 20 years, reports Julia Hunt -
Aboriginal originals
4 May 2012 | 6:08 pmAmong the caves and catacombs of Arnhem Land, in Australia’s far north, are a series of haunting ancient art galleries, writes Amar Grover -
Postcard from ... Grenada
4 May 2012 | 6:08 pmThe island has something special to offer gardening enthusiasts as well as those interested simply in beaches and rum punch, writes Patricia Cleveland-Peck
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FT.com - Nigel Andrews
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A Faust that's rude, lewd and irresistible
10 May 2012 | 11:28 amNigel Andrews reviews this week's new film releases: 'Faust', 'Dark Shadows', 'How I Spent My Summer Vacation', 'All in Good Time' and 'Jeff, Who Lives at Home' -
Graphic depictions
27 Apr 2012 | 6:57 pmDirector Spiros Stathoulopoulos tells Nigel Andrews about the delights and trials of low-budget movies -
Truth on a shoestring beats blockbuster bombast
4 Apr 2012 | 11:38 amNigel Andrews reviews this week's cinema releases: 'This Must Be the Place', 'Le Havre', 'A Cat in Paris' and 'Return' -
Herzog's voice in the wilderness
29 Mar 2012 | 12:06 pmNigel Andrews reviews this week's films: 'Into the Abyss', 'Tiny Furniture', 'The Pirates! In an Adventure with Scientists!', 'Wrath of the Titans', 'Corpo Celeste' and 'Babycall' -
No more Mr Nasty Guy
23 Mar 2012 | 7:16 pm'Driller Killer' director Abel Ferrara tells Nigel Andrews why he's moved on from his angry early days to arthouse fare
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Peter Aspden
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A view from Orbit
11 May 2012 | 7:23 pmThe Orbit – a dramatic, twisting tower of red metal, designed by Anish Kapoor and Cecil Balmond – is London’s new Olympic landmark, writes Peter Aspden -
The power of painting
11 May 2012 | 7:20 pmMohamed Abla’s paintings function like a diary from the past decade of Egyptian life, writes Peter Aspden -
First prize for eclecticism
4 May 2012 | 6:08 pmThe South Bank Sky Arts Awards were a telling snapshot of today’s ‘culture of the nation’, writes Peter Aspden -
When industry gives way to art
27 Apr 2012 | 6:57 pmWhere we see decay and disorder, artists see inspiration, writes Peter Aspden -
When Cocteau came to Soho
20 Apr 2012 | 6:31 pmThe artist’s chapel mural in Leicester Square is, if not exactly one of London’s cultural secrets, one of its best jokes, writes Peter Aspden
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Susie Boyt - Financial Times
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Is it a bird? Is it a plane? It’s Miss Kitty
11 May 2012 | 7:22 pmA Taiwanese airline has created three Hello Kitty planes – and it’s just about the best thing Susie Boyt has ever heard -
Aargh! They’ve pirated Queen Victoria
4 May 2012 | 6:07 pmTo accuse a former monarch of procuring breeds so rare as to be almost extinct for her fine dining does not sit well with Susie Boyt -
There are times you need enemies
27 Apr 2012 | 6:53 pmI don’t know who these people are, but how I wished they could have flocked to my side to witness a high personal triumph, writes Susie Boyt -
Deathly duty in the afternoon
20 Apr 2012 | 6:32 pmSusie Boyt spends nearly three hours at large in the West End as her daughter watches a musical on the other side of the street -
Distinction in plane sight
13 Apr 2012 | 6:11 pmHaving been captivated by a family she saw on a flight, Susie Boyt finds herself making a list of pursuits for the rest of the year
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Tyler Brûlé - Financial Times
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A new treat in Stockholm
11 May 2012 | 7:22 pmEtt Hem brings in the best elements of a smart country inn combined with the intimacy and intelligent design of a well-loved ‘ryokan’, writes Tyler Brûlé -
A sad goodbye to my little island
4 May 2012 | 6:13 pmAfter 12 years Tyler Brûlé’s summerhouse in Sweden needs to be put out of its misery and arrangements made for it to go to more loving owners -
Blame is a high-viz business
27 Apr 2012 | 6:58 pmThe use of stand-out safety colours has come to mean it’s your biz to watch out for me rather than taking responsibility for myself, says Tyler Brûlé -
A springtime special delivery
20 Apr 2012 | 6:32 pmTyler Brûlé answers requests for spring travel tips, sartorial pointers, exercise regime recommendations and design preference for the garden -
At home in an outpost
13 Apr 2012 | 6:05 pmTyler Brûlé discovers that what Honolulu lacks in intimacy and scale, Okinawa’s Naha has in abundance
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FT.com - Life & Arts
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Passions and portraits
11 May 2012 | 7:34 pmVuillard channelled domestic friction into a series of ravishingly claustrophobic canvases, writes Ariella Budick -
Hong Kong’s moment
11 May 2012 | 7:28 pmArt Hong Kong’s founders have an impressive sense of timing, writes Jan Dalley -
Heavenly Hawaii
11 May 2012 | 7:24 pmPico Iyer discovers myriad ways to escape reality on the island of Kauai in Hawaii -
Five-star farms
11 May 2012 | 7:23 pmThe latest trend in family holidays offers a taste of the country in luxurious settings, writes Joanne O’Connor -
Rappers and reality
11 May 2012 | 7:23 pmAs Kanye West and Jay-Z’s rap supergroup arrives in London, Ludovic Hunter-Tilney sees parallels between hip-hop and rock’s 1970s golden age
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Matthew Engel - FT.com
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British Institutions: The House of Lords
4 May 2012 | 6:17 pmEverything about the Lords is more opulent than the other side of the building – and so much more fun, writes Matthew Engel -
Sharp Murdoch makes his point
25 Apr 2012 | 1:04 pmThere were lots of pauses – he was selecting which trick to employ, but it was the inquiry’s counsel who cried for mercy first and asked to break off -
Drought in a decade of drizzle
20 Apr 2012 | 6:23 pmHistorian Dominic Sandbrook, born in 1974, captures the febrile and fearful mood of 1970s Britain in ‘Seasons in the Sun’. Matthew Engel reviews -
Death by a thousand clots
17 Apr 2012 | 1:58 pmThe closure of my local paper move came as part of the biggest tranche of British newspaper closures in memory, writes Matthew Engel -
Liberty is the first casualty of the PR war
6 Apr 2012 | 12:16 pmBritain could well be entering a phase in which the illiberal tide will once again start flowing more strongly, writes Matthew Engel
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Harry Eyres - FT.com
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Authenticity’s real appeal
11 May 2012 | 7:22 pmThe idea behind period performance has always seemed quite odd, and in a way romantic, and not really historical at all, says Harry Eyres -
Just look, don’t preach
4 May 2012 | 6:13 pmThe danger of moralising is that objects become mere carriers of meanings and art is reduced, writes Harry Eyres -
From the civic to the sublime
27 Apr 2012 | 6:58 pmAn automobile-inspired installation has spurred Harry Eyres to reflect on the ramifications of art -
The magic of Mercury rising
20 Apr 2012 | 6:32 pmSport, at its most compelling, is about outwitting and trickery, about feats of cheeky daring rather than bombardment, writes Harry Eyres -
Drawn to distraction
13 Apr 2012 | 6:17 pmAfter visiting a wonderful Matisse exhibition, Harry Eyres reflects on the misunderstood activity of drawing
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Robin Lane Fox - Financial Times
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Hallowed ground
11 May 2012 | 7:17 pmThe garden of a 17th-century house in Ireland slowly unveils its well-hidden wonders to a stunned Robin Lane Fox -
La vie en roses
4 May 2012 | 6:07 pmRobin Lane Fox visits his middle-aged contemporaries in France to see English style gardens abroad -
The hysteria of wisteria
29 Apr 2012 | 1:55 amRobin Lane Fox longs for success with less common varieties such as the wondrous sinensis Consequa, which has magnificent blue-violet flowers -
Glad to be a rebel
20 Apr 2012 | 6:13 pmThe gladiolus enlivens the months from early August onwards and is a brilliant answer to the challenge of a newly planted garden, says Robin Lane Fox -
Up against the wall
20 Apr 2012 | 3:58 pmPyracanthas can be clipped into any pattern you choose and can even be shaped into an evergreen edging round windows, writes Robin Lane Fox
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Vanessa Friedman - Financial Times
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Why Cannes is film’s own fashion week
11 May 2012 | 7:20 pmThe festival has become the single most important film event of the year in marketing terms, writes Vanessa Friedman -
Slideshow: Why Cannes is film’s own fashion week
11 May 2012 | 7:15 pmThe festival has become the single most important film event of the year in marketing terms -
Stylist who reshaped the global industry
11 May 2012 | 4:33 pmVidal Sassoon was the first hairdresser to create a school to replicate his techniques and first to put his name on haircare products for sale in pharmacies -
New look for a rediscovered gem
7 May 2012 | 12:55 pmThe scion of the Tod’s fashion group is reviving a legendary label with an unusual model for the luxury industry, says Vanessa Friedman -
Diane von Furstenberg
27 Apr 2012 | 6:59 pmThe iconic Diane von Furstenberg has climbed a lot of mountains in her life. She talks to Vanessa Friedman about ambition, adventure and home
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Simon Kuper - Financial Times
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Take the plunge and emigrate
11 May 2012 | 7:15 pmEmigration is probably the quickest way of improving your career prospects, both now and for your lifetime, writes Simon Kuper -
A nation of pessimists
4 May 2012 | 6:17 pmThe French fear change because they have best way of life on earth. Add a French education and they’re bound to feel anxious, writes Simon Kuper -
The FA opts for compromise: a cosmopolitan Englishman
4 May 2012 | 1:18 pmThe new England football manager enjoys fine wine, reads lofty literature and speaks several languages, but he lacks relevant qualifications -
The businesses that refuse to die
3 May 2012 | 12:16 pmIt is not unusual for companies to be consumed by economic crises or other calamities, but football clubs have an extraordinary capacity for survival, writes Simon Kuper -
Why we follow football
27 Apr 2012 | 6:58 pmGoing to a match is one of the comforting rituals that carry you through life. Yet this ritual is poorly understood, writes Simon Kuper
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Rowleigh Leigh
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Recipe: Three bruschettas
11 May 2012 | 7:24 pmPutting bruschettas together is an exercise in the simple art of making nice things to eat, writes Rowley Leigh -
Recipe: Crème Dubarry
4 May 2012 | 6:18 pmIt really is time to put our prejudices aside and appreciate the Comtesse in her own right, writes Rowley Leigh -
Pork chop with endives
27 Apr 2012 | 7:02 pmWell-husbanded, traditional breeds such as Tamworth and Duroc will give the sort of chop required, says Rowley Leigh -
Recipe: lemon tart
20 Apr 2012 | 6:21 pmNever has the difference between ‘shop’ and homemade been so pronounced than in this recipe for lemon tart, writes Rowley Leigh -
Recipe: cos salad with peas and Parmesan
13 Apr 2012 | 6:09 pmFreshly podded peas are the real McCoy and beautiful to eat raw, writes Rowley Leigh
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Financial Times
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Austerity calls for DIY entertainment
11 May 2012 | 7:24 pmMrs M soon discovers that the self-catering element extends right down to the milk and tea bags, as well as providing your own amusement -
In the right place at the wrong time
4 May 2012 | 6:19 pmMrs Moneypenny hopes that CC#3 is not too traumatised now that he is known as The Boy Who Went to School a Day Early -
Sticks, stones and Samantha Brick
27 Apr 2012 | 7:03 pmThere is no escaping the fact that there are plenty of women who, for whatever reason, do not like to support others of their sex, writes Mrs Moneypenny -
More exercise ... Who am I kidding?
20 Apr 2012 | 6:12 pmAs Mrs Moneypenny hangs out with her top-level Girlfriends, she has resolved, for the umpteenth time, that she must be more physically active -
The trials of turning 50
13 Apr 2012 | 6:10 pmAs Mrs M adjusts to the painful realisation, she attends a top-level Girlfriend summit in Nassau for discussion and inspiration
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Jancis Robinson - FT.com
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Think pink: Italian rosé
11 May 2012 | 7:27 pmAs she mulls over her list of pink favourites, Jancis Robinson says the real surprise to her has been how many and varied are the Italian rosatos now being made -
A star performer
4 May 2012 | 6:18 pmNobel laureate Brian Schmidt views wine production as the ideal counterweight to cosmology, writes Jancis Robinson -
Fake fine wines
27 Apr 2012 | 7:02 pmAs in the fine art market, provenance is becoming more important by the day, writes Jancis Robinson -
The world’s most exotic vineyards
20 Apr 2012 | 6:12 pmEcuador claims to have a vineyard on the equator, while a Napa Valley vintner will oversee Costa Rica’s first wine venture, says Jancis Robinson -
Vegetable or mineral?
13 Apr 2012 | 6:09 pmBerries and cherries tend to dominate American tasting notes while South Africans routinely find guava in white wines, says Jancis Robinson














