PRESS DIGEST - Financial Times - July 6

Financial Times

Headlines

CENTRAL BANKS TAKE ACTION OVER GROWTH -

SFO SECURES CASH FOR LIBOR INVESTIGATION -

PUBLICIS TO BUY LAUDED AD AGENCY BBH -

BARCLAYS' US DEAL REWRITES LIBOR PROCESS -

BIDDERS TO DETAIL PENSION SCHEME IMPACT -

AVIVA OUTLINES PLAN TO BOOST SHARE PRICE -

INVESTORS LOBBY MADRID OVER ENERGY TAX -

GREECE DROPS DEMAND TO EASE BAILOUT TERMS -

AIG FUSTRATES MORTGAGE REFINANCING PLAN -

UK ARMY TO LOSE 20% OF REGULAR SOLIDERS -

PILOTS BLAMED FOR AIR FRANCE CRASH -

Overview

CENTRAL BANKS TAKE ACTION OVER GROWTH

The ECB, BoE and the People's Bank of China made their own attempts to stimulate the global economy on Thursday by loosening monetary policy.

SFO SECURES CASH FOR LIBOR INVESTIGATION

British finance minister George Osborne is preparing to bolster the budget of the Serious Fraud Office to help it pursue a criminal investigation into the Libor scandal.

PUBLICIS TO BUY LAUDED AD AGENCY BBH

Publicis Groupe has agreed to buy out advertising agency Bartle Bogle Hegarty, the firm that created memorable campaigns for high-profile clients over past three decades.

BARCLAYS' US DEAL REWRITES LIBOR PROCESS

Barclays' settlement with U.S. regulators over the rigging of Libor is likely to have far-reaching implications for how benchmark interest rates are set in the future.

BIDDERS TO DETAIL PENSION SCHEME IMPACT

Companies launching a takeover bid will have to detail the impact of their offer on their target's pension plans under proposals put out for consultation by the Takeover Panel.

AVIVA OUTLINES PLAN TO BOOST SHARE PRICE

Aviva has unveiled an 18 month plan to sell or wind down about a third of its business.

INVESTORS LOBBY MADRID OVER ENERGY TAX

A group of international investors in Spanish renewable energy have said an expected increase in taxation on renewable energy projects would destroy the value of their investments.

GREECE DROPS DEMAND TO EASE BAILOUT TERMS

Greece's new government has dropped a plan to seek softer terms for its second bailout following warnings that it would be rejected by international lenders.

AIG FUSTRATES MORTGAGE REFINANCING PLAN

AIG, the insurer bailed out by the U.S. authorities, is refusing to automatically waive its right to pursue lenders under a U.S. government refinancing programme.

UK ARMY TO LOSE 20 PERCENT OF REGULAR SOLIDERS

The British army is to cut its regular forces 20 percent, over the next eight years, losing 17 of its 136 major units.

PILOTS BLAMED FOR AIR FRANCE CRASH

Pilots were to blame for the crash of an Air France Airbus passenger jet en route from Rio de Janeiro to Paris in June 2009, investigators said on Thursday.