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From GLOBAL ECONOMY 7:36pm

Fed keeps monetary policy on hold

US Federal Reserve building ©Bloomberg

US central bank issues optimistic economic outlook

Global Market Overview from MARKETS 7:28pm

US Treasuries tumble on Fed statement

Fed says downside risks to economic outlook diminished

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From WORLD 1:07pm

Obama seeks to reassure Merkel on spying

US president says surveillance has been ‘narrow’

From WORLD 9:10am

China cash crunch deepens as PBOC stalls

Battle between central bank and China’s stretched lenders grows

From COMPANIES 4:51am

SEC could see more admit wrongdoing

Move would represent a shift away from decades-long policy

From COMPANIES 6:39pm

Dolce and Gabbana guilty of tax evasion

Designers get suspended sentences of a year and eight months

More news on FT.com

Tech blog: Google Glass and privacy

Sergey Brin, co-founder of Google Inc., wears Project Glass internet glasses ©Bloomberg

Nine sets of regulators write to Larry Page with questions - including: “Can we try it?”

Screen full of alphanumerics depicting encryption and the word password emphasized by a magnifying glass ©Dreamstime From WORLD 6:49pm

US eyes prosecution of foreign cyber thieves

NSA eavesdropping furore makes action difficult

From WORLD 6:06pm

Switzerland shoots down US tax deal

Lower house of parliament rejects government’s bill

A pedestrian walks past International Business Machines Corp. ( IBM) offices in New York, US ©Bloomberg From COMPANIES 5:46pm

IBM looks beyond IT for fresh growth

Group pushes deeper into marketing and customer care

Protesters walk during demonstrations in Sao Paulo, Brazil, on Tuesday, June 18, 2013. Brazilian President Dilma Rousseff, whose governmentís approval rating dropped in June for the first time since she took office, pledged to listen to demonstrators who staged the largest street protests in more than two decades. ©Bloomberg From WORLD 3:57pm

Brazil deploys forces after protests

Police units to help contain biggest demonstrations for decades

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Sunseeker power boats ©Getty China’s globetrotting M&A buyers may be keen - but their targets are not so happy

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