News Headlines - 09 May 2013

▽The day Japan’s currency finally cracked - FT.com

Financial markets revolve around big numbers, and for currency traders focusing on the Japanese yen none has been bigger than the Y100 barrier against the US dollar. After a month spent loitering with intent below this major psychological threshold, the Japanese currency has finally cracked.

▽BBC News - Prince Harry begins seven-day tour of US

Prince Harry has begun his US tour by meeting Michele Obama and joining her in honouring America's military mothers at a White House reception.

▽Tax Authorities to Share Data on Havens - WSJ

Tax authorities in the U.S., U.K. and Australia on Thursday announced plans to share a “substantial amount of data” they have gathered concerning individuals’ use of trusts and companies to hold assets in low-tax havens in the Caribbean and elsewhere.

▽Building groups say Help to Buy scheme is creating momentum - FT.com

According to UK’s major housebuilders, the government’s controversial Help to Buy scheme which guarantee mortgages is working so well it is triggering a recovery in the UK housing market.

▽BBC Sport - Sir Alex Ferguson to retire as Manchester United manager

The Scot, 71, has won 38 trophies during his reign at Old Trafford and will now become a director and ambassador for the club. His haul includes 13 league titles, two Champions League crowns, five FA Cups and four League Cups.