PRESS DIGEST - Financial Times - Nov 22

Wed Nov 21, 2012 8:03pm EST

Financial Times

Headlines

HOPES RISE OF EU BUDGET ACCORD WITH UK -

UK BORROWING RISES SHARPLY IN OCTOBER -

GERMAN DOUBTS FORCE RETHINK ON GREECE -

LYNCH STANDS BY AUTONOMY METHODS -

MAN'S EVOLUTION FUND AIDS AHL LOSSES -

TREASURY TO REVEAL BIG PFI SAVINGS -

CABLE TO BACK KAY REVIEW OF EXECUTIVE PAY -

GAZA STRIP CEASEFIRE COMES INTO EFFECT -

Overview

HOPES RISE OF EU BUDGET ACCORD WITH UK

Hopes were rising in Brussels on Wednesday that an unlikely deal with the UK over the EU's long-term budget was taking shape.

UK BORROWING RISES SHARPLY IN OCTOBER

Britain borrowed much more than expected in October, thwarting finance minister George Osborne in his efforts to reduce the deficit.

GERMAN DOUBTS FORCE RETHINK ON GREECE

German objections to suffering losses on official loans to Greece have forced the euro zone to explore more complex means of helping Athens cope with its debt mountain.

LYNCH STANDS BY AUTONOMY METHODS

Mike Lynch has admitted to having used some of the practices that led the Hewlett-Packard to level charges of accounting irregularities.

MAN'S EVOLUTION FUND AIDS AHL LOSSES

Man Group has shifted $1.5 billion of its flagship computerised fund AHL into an experimental new portfolio to boost ailing returns.

TREASURY TO REVEAL BIG PFI SAVINGS

Britain's treasury is set to announce that it has cut billions of pounds from the cost of running hospitals, roads and schools built under the private finance initiative.

CABLE TO BACK KAY REVIEW OF EXECUTIVE PAY

Vince Cable will on Thursday step up pressure on company bosses to rein in excessive pay and align pay with performance.

GAZA STRIP CEASEFIRE COMES INTO EFFECT

Israel and Hamas agreed to an Egyptian-brokered ceasefire on Wednesday, ending a bloody eight-day conflict that has claimed the lives of at least 152 people.

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