In today's FT: IMF deals blow to Osborne’s plan A, China local auth...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/UXDMSS/MJVJR6/Q4WND1/D41QKJ/   In today's FT Wednesday April 17 2013 Financial Times - UK Homepage   IMF deals blow to Osborne's plan A Fund cuts growth forecast and adopts stronger line on deficit reduction, urging the coalition government to contemplate changing course without delay http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/GYGY92/QR/h?a1=2013&a2=4&a3=16   China local authority debt 'out of control' A Chinese auditor raises fears about local government debt, saying it could spark a bigger financial crisis than the US housing market crash http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/4VJV79/QR/h?a1=2013&a2=4&a3=16   Gold's fall costs Paulson $1.5bn this year Estimated losses for hedge fund manager who has made and lost more money on gold than almost any peer reflect bold all-in bet on precious metal http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/HI8IS7/QR/h?a1=2013&a2=4&a3=16   Financial Times - US homepage   FBI reveals details about Boston bombs Appeal made to members of the public to come forward with information about anyone seen carrying a heavy bag around the time of the bombings http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/1OQO2N/QR/h?a1=2013&a2=4&a3=16   IMF cuts 2013 global economic outlook Main concerns for the fund include the uneven recovery among countries, the eurozone's ability to end its crisis, and the US and Japan's public debt http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/LSCSFD/QR/h?a1=2013&a2=4&a3=16   Intel margin falls ahead of chip launch The new chips are set to bring down power consumption and boost battery life in laptops and other mobile devices when they are shipped later this year http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/Z8I8CE/QR/h?a1=2013&a2=4&a3=16   Financial Times - Europe homepage   EU carbon vote dooms plan for market fix Vote outcome confirms a reality that had been dawning on politicians and policymakers across Europe well before the ballot http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/HI8ISF/QR/h?a1=2013&a2=4&a3=16   Economists' case for austerity attacked Rogoff and Reinhart said they would review criticisms but argued there was consensus on the basic conclusion of higher debt leading to slower growth http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/1OQOVB/QR/h?a1=2013&a2=4&a3=16   Tar sands boom blights US neighbourhoods For residents of already polluted districts near refineries, plant expansions may mean further deterioration of an already hardscrabble life http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/YGYG0W/QR/h?a1=2013&a2=4&a3=16   Financial Times - Asia homepage   China approves Glencore and Xstrata deal Glencore agrees concessions with China in order to create one of the world's largest companies in the natural resources industry http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/6AFA53/QR/h?a1=2013&a2=4&a3=16   Yahoo display ads sales disappoint Rates for both the search ad and banner ad categories came under pressure, amid efforts by new chief Marissa Mayer to introduce stability into the business http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/A5U5KX/QR/h?a1=2013&a2=4&a3=16   Gold rebounds from two-year low Europe and Asian bourses add to recent declines but Wall Street recovers from worst one-day fall in five months http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/SU5UH1/QR/h?a1=2013&a2=4&a3=16   World News - latest world news headlines - FT.com   Obama faces renewed scrutiny on terror Republican backing for president could be brief after Mitch McConnell said the complacency that prevailed before September 11 had returned http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/K909FQ/QR/h?a1=2013&a2=4&a3=16   Debt threat to China's financial system China's banking system, tightly controlled by the Communist party, is unlikely to undergo calamitous collapse, but slow erosion is probably under way http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/XBDBOQ/QR/h?a1=2013&a2=4&a3=16   China lifts lid on military secrecy Ministry of National Defense report marks the first time the world's largest standing army by headcount gives this level of detail on its structure http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/YGYG0X/QR/h?a1=2013&a2=4&a3=16   US senators unveil immigration bill Undocumented immigrants who arrived in the US before December 31 2011 and stayed continuously could apply for 'provisional' legal status http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/52R2M3/QR/h?a1=2013&a2=4&a3=16   Venezuela opposition continues protests With Henrique Capriles refusing to accept defeat and reiterating calls for a recount, there is a turbulent atmosphere reminiscent of the 2002 coup against Hugo Chávez http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/K909FW/QR/h?a1=2013&a2=4&a3=16   Companies news and analysis - FT.com   Credit Suisse faces revolt on pay Influential advisory group ISS asks shareholders to block plans to issue 27m shares for senior bonuses amid criticism over Swiss executive pay http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/IE6EJU/QR/h?a1=2013&a2=4&a3=16   Titans prepare for battle of EFH Face-off over future of Texan utility pits renowned private equity groups who took over company in leveraged buyout against heavyweight debt investors http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/NR2RP2/QR/h?a1=2013&a2=4&a3=16   BHP affirms full-year production forecasts World's biggest resources group sticks with full-year outlook despite quarterly production in its key iron ore and oil divisions missing forecasts http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/VTXTGF/QR/h?a1=2013&a2=4&a3=16   FBI makes arrest in Guinea bribery probe Frederic Cilins, allegedly an agent of Israeli group BSGR, is held as part of probe into corruption claims linked to acquisition of mining rights http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/Z8I8CO/QR/h?a1=2013&a2=4&a3=16   Leaks on M&A deals fall after crackdown Advisers cite several reasons for the drop including stricter regulatory enforcement and difficult markets leading to greater caution http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/SU5UHU/QR/h?a1=2013&a2=4&a3=16   Markets   High price of ignoring EU's tax on trades Markets appear relaxed about chances of financial transactions tax being adopted in EU, but costs of that attitude could be high, writes Ralph Atkins http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/PNZN1B/QR/h?a1=2013&a2=4&a3=16   Japanese easing plays havoc with JGBs JGB trading volumes have collapsed, sending volatility to record highs and threatening Japan's ability to keep funding itself at world's lowest rates http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/WHKH66/QR/h?a1=2013&a2=4&a3=16   US corporate earnings boost Wall St All 10 sectors on the benchmark were trading in positive territory in the early morning session, with the materials sector leading the gainers http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/MJVJ38/QR/h?a1=2013&a2=4&a3=16   Gunvor to raise $300m through bond issue Private oil trader plans to tap capital markets, with sale of five- to seven-year bonds, as commodities traders seek diversity in funding sources http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/8737WN/QR/h?a1=2013&a2=4&a3=16   Aussie dollar gains as China fears ease Commodity currencies claw back some of their losses following sharp falls the previous day on signs of a slowdown in the Chinese economy http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/52R2M0/QR/h?a1=2013&a2=4&a3=16   Financial Times - Comment   How central banks beat deflation Inflation targeting has revitalised macroeconomic stabilisation, giving policy makers room to risk expansionary measures, writes Martin Wolf http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/6AFAMO/QR/h?a1=2013&a2=4&a3=16   Fair value is not the same as market price The growth of the trading culture has encouraged the belief that the only measure of value is what someone is willing to pay, writes John Kay http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/PNZN1L/QR/h?a1=2013&a2=4&a3=16   It is time to audit our auditors Investors can only trust capital markets if they trust that auditors have knowledge, experience and enormous integrity, writes Anthony Catanach http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/3CSCZM/QR/h?a1=2013&a2=4&a3=16   Cameron cannot revive Thatcherism Today's Conservatism lacks the bite conferred on the Thatcherites when their party and country seemed on the ropes, says Richard Vinen http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/1OQO2W/QR/h?a1=2013&a2=4&a3=16   Tears, reality TV and the Chinese dream While Xi Jinping is cooking up the China of the future, a television import is bringing culinary drama to the masses, writes Patti Waldmeir http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/MJVJ39/QR/h?a1=2013&a2=4&a3=16   Financial Times - Management   Out of Africa with animation Triggerfish, a Cape Town film company, is trying to take on Hollywood after having a remarkable success with its first movie, writes Andrew England http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/SU5UHV/QR/h?a1=2013&a2=4&a3=16   Red tape is stifling job creation Gold-plating regulations means ever greater costs for business, and yet another reason for entrepreneurs to ask: "Why bother?", writes Luke Johnson http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/3CSCZW/QR/h?a1=2013&a2=4&a3=16   Should companies play the political lobbying game? Facebook's decision to form a Silicon Valley lobby group has been criticised as naive and possibly damaging http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/VTXT8E/QR/h?a1=2013&a2=4&a3=16   Low-cost versus legacy airlines For short-haul business journeys, no-frills airlines are often just as good, but you may arrive in an out-of-town airport, writes Rhymer Rigby http://link.ft.com/r/UXDMSS/CWJZDL/8AFKMI/XH3XVM/K909F5/QR/h?a1=2013&a2=4&a3=16   Special Reports - FT.com Foreign Exchange Responsible Business Gas Industry Video Lex Copper follows gold fall All eyes have been on the big fall in the price of gold but there's been a sell-off of metals across the board, including copper. Lex's Stuart Kirk and Julia Grindell discuss the outlook for copper and how slowing demand from China will affect the price. 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