Sovereign wealth needs risk management

http://www.ft.com/cms/s/0/b8139694-83ed-11e1-9d54-00144feab49a.html#axzz1sosP1XX6

From WORLD 7:19pm

China reform drive boosted by Bo’s fall

Wen and allies encouraged to introduce political changes

• Bo’s brother quits China Everbright board
• China tightens grip on social media
• Daniel Bell Real meaning of the rot at the top of China
• Bo’s fall sparks rise in retrial applications
• In depth China leadership transition

From WORLD 7:22pm

Key US states face slow job growth

Presents polls risk for Obama’s re-election campaign

• Swing states hold key to winning US election
• US jobless claims edge down to 388,000

From COMPANIES 5:27pm

Investors wise up to first-day tech ‘pops’

Sector raises estimated $1.5bn for venture capital backers

• Facebook profits dip before IPO
• Mood of caution hangs over IPOs

GLOBAL MARKET OVERVIEW from MARKETS9:39pm

Euro falls after downgrade of Spain

S&P cuts credit rating by two notches

• US jobless claims edge down to 388,000
• Video Investing with style

From WORLD 11:03pm

S&P downgrades Spain to triple B plus

Rating agency expects economy to contract in 2012-13

• FT Alphaville BBBasta — Spain cut to BBB+
• Dutch strike budget deal to avert crisis

More Asia news

• Piaggio launches Vespa model in India
• Pakistan PM guilty of contempt
• Nintendo in first loss for half a century
• JT rebuffs calls for dividend increase
• Hyundai Motor boosted by strong quarter

Markets insight

Test of will: why the Bank of Japan is under pressure to keep the yen down and respond to the will of politicians

From COMPANIES 9:50pm

Rupert Murdoch spreads the blame for hacking

Lawyer describes accusation as ‘shameful lie’

• Hunt ‘paying price’ for ignoring advice
• Tories challenge Cameron over Hunt inquiry

©ReutersFrom WORLD 5:08pm

Korea’s youth face shrinking jobs pool

Fewer positions on offer as conglomerates build new growth abroad

• South Korean growth slips to 2.8%
• beyondbrics S Korea still growing

From COMPANIES 10:36pm

US natural gas prices weigh on ExxonMobil

Earnings drop 11% on lower oil production

• Exxon and Chevron raise dividends
• Natural gas price dips below $2
• In depth Oil

From WORLD 4:48pm

Brazil wealthy set to double in 11 years

Increase changing country’s social and political fabric

• Philip Stephens The great middle class power grab
• beyondbrics EM bet boosts Volkswgen

From COMPANIES 6:30pm

Chesapeake to end contentious incentive plan

Chief agrees to end scheme giving stake in wells