bn cost-cutting FT • Horsemeat scandal reverberates across Europe FT • Investors dive into euro-yen policy gap FT • Few bargains to be found in Europe FT • Cashed out: Visa/MasterCard Lex • Barclays: time to be bold Lex • China capital flows: tides are turning Lex • Daimler: engine trouble FT

s E4bn capital raising FT • ECB told to double its manpower FT • BP faces year-long wait for spill closure FT • German carmakers extend lead in Europe FT • Obama puts trade at heart of agenda FT • EU leaders seek seven-year budget deal FT • QE takes a toll on emerging economies FT • MPS bailout