World business, finance, and political news from the Financial Times …

archived 7 Oct 2013 18:50:38 UTC
6:31pm

Vodafone aims to raise Indian unit stake

Initial investment of $2bn eyed to buy out minorities

NEW

MPS board backs €2.5bn capital increase

About 8,000 jobs to be cut by 2015 and 400 branches to close

2:48pm

Serbia seeks billions in loans from UAE

Gulf state expected to give $1bn ‘on favourable terms’ this year

Markets edgy as US shutdown continues

Washington’s budget impasse weighs on stocks

5:42pm COMPANIES

DE Shaw shuts doors to new investors

Traditional hedge fund strategies not as profitable as before

11:15am UK

Big bets on Royal Mail sell-off debut

Labour accuses government of undervaluing the company

4:23pm COMPANIES

Advertisers remain cautious on Twitter

Spending on social media site comes from ‘experimental budgets’

7:41am MARKETS

Thomson Reuters to refocus after Libor loss

Data provider to revamp benchmark fixings unit

Comment & Analysis

Shinzo Abe
©Ko Sasaki
7:31pm COMMENT

Shinzo Abe: ‘Our road is the only way’

Japan’s leader is basking in his economic plan’s initial gains but admits tough reforms lie ahead

US banks and kicking reserve release habit

Expect another bump for their bottom lines this earnings season

Best comments from our readers

"Great idea. Other boroughs should take note.. Camden High Street, Oxford Street, Regent Street...."
By TheMushyPea on City of London to kick out the cars

"One thing not really mentioned is driver-less cars - more likely in the future nobody owns a car. You just get a subscription to Google cars and it works like an Android-driven taxi service. What is the point of owning a car in that kind of future?"
By Goladaman on Transport: Freed from the wheel


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