Financial Times 6/24

Financial Times - Asia homepage

Oil reserves release shocks markets

Oil prices dropped more than 7 per cent after western nations released the biggest amount of oil from their emergency strategic stocks since 1991 http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/GKWSZ0/W1/h?a1=2011&a2=6&a3=23

Airbus secures 200 jet order from AirAsia

Toulouse-based aircraft maker has secured an $18bn deal, at list prices, from the Malaysian low-cost airline, adding to pressure on Boeing http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/GKWSZV/W1/h?a1=2011&a2=6&a3=23

Indian groups double overseas investments

The Reserve Bank of India releases data showing foreign direct investment by Indian multinationals surged to $43.9bn for 2010-11 http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/RNRHEZ/W1/h?a1=2011&a2=6&a3=23

Carlyle to raise $1bn in weak IPO market

The US private equity firm is likely to launch its initial public offering with a lower-than-expected valuation due to stock market weakness http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/WLUORQ/W1/h?a1=2011&a2=6&a3=23

Greece agrees to more austerity cuts

International lenders press Athens pressed to close €5.5bn ‘black hole’ in the four-year programme before it is approved by legislators next week http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/D4MEVP/W1/h?a1=2011&a2=6&a3=23

Karzai vows to fill vacuum left by allies

Afghan president’s confident tone contrasts with concerns over the capacity of his fast-growing but faction-ridden security forces http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/6V04BF/W1/h?a1=2011&a2=6&a3=23

Japanese investors start to flex their muscles

Keyence’s shareholder revolt indicates that investors in Japanese companies are increasingly willing to exercise their voting power http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/8AVX89/W1/h?a1=2011&a2=6&a3=23

US states plan Google antitrust probes

Attorneys-general in California, New York and Ohio have all recently begun reviews of the potential threat to online competition from the group‘s search dominance http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/8AVX8O/W1/h?a1=2011&a2=6&a3=23

Tan quits GIC to run for Singapore presidency

Deputy chairman of the Government Investment Corporation of Singapore, is quitting one of the world’s largest sovereign wealth funds http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/M9EPXZ/W1/h?a1=2011&a2=6&a3=23

Financial Times - US homepage

Oracle rules out M&A as too costly for now

The Silicon Valley company is turning its back temporarily on considering new deals amid sharp increases in prices of young technology groups http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/LQI3WW/W1/h?a1=2011&a2=6&a3=23

Risk assets stumble on downbeat Fed view

Worries about slowing global growth have rejoined simmering Greek debt concerns to deliver a downbeat session on global markets. http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/18BAU3/W1/h?a1=2011&a2=6&a3=23

Heat turned up in US deficit talks

The Republicans have upped the stakes in negotiations over lifting US borrowing limits by walking out of the talks http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/3O87LR/W1/h?a1=2011&a2=6&a3=23

FBI follows the dame to sink teeth into mob boss

The FBI may have set a new mark for inventiveness in the apprehension of James ‘Whitey’ Bulger, the South Boston Irish gang leader http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/D4MEVH/W1/h?a1=2011&a2=6&a3=23

Yahoo chiefs get less shareholder support

Nearly 20 per cent of Yahoo’s shares were voted against the re-election to the board of the company’s chairman and chief executive, a sign of continuing discontent http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/8AVX8G/W1/h?a1=2011&a2=6&a3=23

Twitter plans bolder advertisements

Social network seeks to new ways to generate revenue by putting promotional messages in the most active part of its service http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/6V04BG/W1/h?a1=2011&a2=6&a3=23

Rowling to work Potter magic online

The author’s novels are to be available for download on the exclusive interactive Pottermore website, sidestepping Amazon and Apple’s iTunes http://link.ft.com/r/M2ZOXX/ORJSO7/KEIJMC/V1FWKO/ZBTV3Y/W1/h?a1=2011&a2=6&a3=23