In today's FT: Obama vows justice as Boston toll rises, Gold hit by...


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Financial Times
In today's FT
Tuesday April 16 2013

Financial Times - UK Homepage
 
Obama vows justice as Boston toll rises
President Barack Obama said: 'Make no mistake we will get to the bottom of this and we will find out who did this and we will find out why'
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/87NVN5/YT/h?a1=2013&a2=4&a3=15
 
Gold hit by sharpest tumble in 30 years
Investors question whether decade-long bull market is over as the precious metal falls a further 8% and nears its worst two-day loss since 1983
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/CW171R/YT/h?a1=2013&a2=4&a3=15
 
French ministers reveal their wealth
Most of the value of assets declared by the cabinet was in property, with President Hollande hoping to avoid accusations of 'champagne socialists' in government
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/K9OYO6/YT/h?a1=2013&a2=4&a3=15
 

Financial Times - US homepage
 
S&P 500 suffers worst day in five months
All ten major industry groups on the S&P 500 started the trading day in negative territory. Energy and materials sector stocks were the worst performers
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/IE8K8I/YT/h?a1=2013&a2=4&a3=15
 
South Korea in bid to kick-start economy
The government has faced calls for stimulus measures after the Korean economy grew in the first quarter at its slowest pace since the financial crisis
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/A5PAPG/YT/h?a1=2013&a2=4&a3=15
 
Trafigura staff net $1.6bn in share deals
Scale of the buybacks highlights riches that have accrued to relatively small elite of traders as a result of boom in commodity prices
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/52JOJA/YT/h?a1=2013&a2=4&a3=15
 

Financial Times - Europe homepage
 
Ergen trumps SoftBank with $25bn Sprint bid
Unsolicited cash and stock bid would marry the second-ranked satellite television operator with the third-largest US mobile phone provider
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/DXLMLI/YT/h?a1=2013&a2=4&a3=15
 
China enters era of slower growth
Chinese officials have played down the significance of lower growth, saying the slowdown is partly due to efforts to rebalance the economy
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/K9OYOC/YT/h?a1=2013&a2=4&a3=15
 
Russian blogger faces corruption trial
Opposition leader says charges of embezzlement and financial malpractice, which could mean a 10-year jail term, are meant to silence him
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/NRVQVL/YT/h?a1=2013&a2=4&a3=15
 

Financial Times - Asia homepage
 
Venezuela opposition contests poll result
Early signs of cracks are emerging in the 'chavismo' movement following the weak political mandate of Chávez's handpicked successor Nicolás Maduro
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/IE8K8X/YT/h?a1=2013&a2=4&a3=15
 
Citigroup earnings rise under new chief
US bank's results benefit from earnings improvements in investment banking as well as being flattered by release of loan loss reserves
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/PNASAZ/YT/h?a1=2013&a2=4&a3=15
 
Treasuries back on investors' buy lists
The message from bond yields and lower commodity prices is one of slower growth and potentially deflationary forces are again looming over the economy
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/SUMFMZ/YT/h?a1=2013&a2=4&a3=15
 

World News - latest world news headlines - FT.com
 
Global Insight: Chávez's socialist dream fades fast
The result is no mandate for radical socialism of Hugo Chávez's successor, and will undermine his standing within the ruling party
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/52JOJG/YT/h?a1=2013&a2=4&a3=15
 
N Korea issues 'ultimatum' to Seoul
The state news agency threatens action at any moment and 'without any notice' after a day of subdued festivities marking its founding leader's birthday
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/52JOJ4/YT/h?a1=2013&a2=4&a3=15
 
US judges cast doubts on DNA patents
Comments from nine justices suggest that most are prepared to invalidate patents on isolated DNA because it is a product of nature, like gold or salt
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/3C989R/YT/h?a1=2013&a2=4&a3=15
 
Cyprus finance minister shuns blame game
The country's crisis was caused by islanders, says Haris Georgiades. 'We have a task ahead of us, and that's where we shall concentrate our efforts'
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/YGDLD4/YT/h?a1=2013&a2=4&a3=15
 
Merkel plans to quit midterm, says author
Journalist forecasts that 58-year-old will step down before her 61st birthday in 2015. 'I believe she has firm plan, to leave in middle of term'
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/52JOJB/YT/h?a1=2013&a2=4&a3=15
 

Companies news and analysis - FT.com
 
LVMH unit sales growth disappoints
As the world's largest luxury goods group, it is seen as an industry bellwether, and Louis Vuitton's poor performance is likely to raise concerns
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/DXLML4/YT/h?a1=2013&a2=4&a3=15
 
Royalty Pharma raises offer for Elan
The unsolicited tender comes ahead of a deadline in May imposed by the Irish Takeover Panel for a bid from the US-based partnership
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/DXLMLL/YT/h?a1=2013&a2=4&a3=15
 
Charterhouse sales face collapse
Charterhouse may pull two of Europe's largest private equity disposals because of a lack of competitive bidding interest
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/9M323M/YT/h?a1=2013&a2=4&a3=15
 
Early returns buoy Corbat at Citi
Shares in Citi are 25 per cent higher since Mike Corbat was given the job of leading Citigroup six months ago after Vikram Pandit was fired
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/WHXUXJ/YT/h?a1=2013&a2=4&a3=15
 
ENRC hit by whistleblower claim
Latest blow to the FTSE 100 Kazakhstan-based resources group left reeling by investor concerns over corporate governance
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/CW1713/YT/h?a1=2013&a2=4&a3=15
 

Markets
 
Global growth worries hit stocks
Concerns about global economic prospects weigh on equities as below forecast China GDP growth follows disappointing US economic reports
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/K9OYOH/YT/h?a1=2013&a2=4&a3=15
 
Rout pitches gold into bear embrace
Severity of tumble, which swept not just bullion but other precious metals and commodities in its wake, leaves many long-term investors in shock
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/52JOJD/YT/h?a1=2013&a2=4&a3=15
 
The agony and ecstasy of broken markets
Riding wave of liquidity may eventually end in tears if real economies do not respond adequately to central bank policies, writes Mohamed El-Erian
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/T15N50/YT/h?a1=2013&a2=4&a3=15
 
EU in pivotal ballot over carbon market
A European parliament vote against propping up the troubled trading scheme would be a setback with a global impact, warn campaigners
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/1OEBEA/YT/h?a1=2013&a2=4&a3=15
 
China slowdown fears lift haven currencies
The Australian and New Zealand dollars are worst hit after official Chinese economic growth data lift the US dollar and yen havens
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/JQ6D62/YT/h?a1=2013&a2=4&a3=15
 

Financial Times - Comment
 
Europe is no longer Spain's solution
As the country's economic woes continue, its people are losing faith in national and European institutions, writes Gideon Rachman
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/HIGXGX/YT/h?a1=2013&a2=4&a3=15
 
Conservatives should be pro-market, not pro-business
It was not the size of the British state that Thatcher rolled back but its tangible reach into the economy, writes Janan Ganesh
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/K9OYOI/YT/h?a1=2013&a2=4&a3=15
 
The Russian trial the world should watch
Vladimir Putin and his allies think the EU's leaders are more attached to Russian oil and gas contracts than to human rights, writes Ben Judah
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/9M323W/YT/h?a1=2013&a2=4&a3=15
 
China needs to set its services free
The country is now a factory that is too big for the world market and it must develop its service sector to spark new growth, says Xu Qiyuan
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/87NVNY/YT/h?a1=2013&a2=4&a3=15
 
We tried a Tobin tax and it didn't work
Europe should learn from Sweden's experience of a transaction levy, which led to sharp falls in share and bond trading volumes, says Magnus Wiberg
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/UL434Q/YT/h?a1=2013&a2=4&a3=15
 

Financial Times - Management
 
Fathers struggling to 'have it all'
Men are often reluctant to speak of problems when it comes to their work-life balance – but there are remedies, writes Naomi Shragai
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/MJCECZ/YT/h?a1=2013&a2=4&a3=15
 
How not to stifle your new subsidiary
Don't extinguish the entrepreneurial spark in new acquisitions or hold it at arm's length from the rest of the company, writes Andrew Hill
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/Z8YTY3/YT/h?a1=2013&a2=4&a3=15
 
Assessing a start-up opportunity
Peter Cooperstein had to decide whether an east coast-style pizza restaurant would succeed in California, write Naeem Zafar and Victoria Chang
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/IE8K8W/YT/h?a1=2013&a2=4&a3=15
 
Koss's unexpected product placement
Although the headphone maker was not aware that one its product would feature in 'Mad Men', it is capitalising on the appearance, writes Emily Steel
http://link.ft.com/r/EB8122/065PI4/IYGFQP/081X16/3C9893/YT/h?a1=2013&a2=4&a3=15
 
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Ladbrokes shares fell eight per cent after a disappointing set of first-quarter numbers, which the bookmaker blamed on the Cheltenham horseracing festival and winter race cancellations. But with shares now at a discount to those of rival William Hill, Lex's Stuart Kirk and Oliver Ralph consider whether the group's problems are more structural rather than a temporary blip.


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