* Egypt's justice minister offers to resign * Chinese buyers shy away from luxury * Cartes wins Paraguay presidential poll * Shanghai auto show: joint venture brands – who is kidding whom? * Thai IPOs: bumper year forecast * China's bird flu death toll rises to 20 * Malaysia key in CME's bid to tap into Asia Markets: up Egypt's justice minister offers to resign Ahmed Mekki, Egypt's justice minister, has tendered his resignation amid a mounting confrontation between the ruling Muslim Brotherhood and the judiciary. http://on.ft.com/11u33iZ Chinese buyers shy away from luxury For the past few years, Europe's luxury carmakers could count on one thing: however fast China's car market was growing overall, luxury car sales would grow even faster. http://on.ft.com/Zf1JTU Cartes wins Paraguay presidential poll Horacio Cartes, a tobacco millionaire and political novice, pulled off a resounding victory in Paraguay's presidential elections, returning to power the Colorado party that ruled the country for six decades until 2008. http://on.ft.com/15zYGbG Shanghai auto show: joint venture brands – who is kidding whom? For more than 30 years, Beijing has been trying to force foreign automakers to transfer technology to their Chinese rivals. To judge from all the happy displays of Sino-foreign joint venture cooperation at this year's Shanghai auto show, China has now got its way. Or has it? http://on.ft.com/17QWhIV Thai IPOs: bumper year forecast By any comparison, 2012 was a bumper year for new issues on the Thai stock market. Companies and property funds listing on Thailand's bourse raised $1.8bn – the most since 2002. http://on.ft.com/17KeMPe China's bird flu death toll rises to 20 Two more people have died from a new strain of avian influenza, bringing to 20 the number of deaths from the H7N9 virus, the World Health Organisation said on Sunday. http://www.ft.com/cms/s/0/9992da78-aae2-11e2-bc0d-00144feabdc0.html Malaysia key in CME's bid to tap into Asia It might seem a stretch, but residents of the two biggest cities on the Malaysian part of Borneo – more known for its rainforests and palm oil production – have been getting lessons in commodity futures trading. http://on.ft.com/13pN8DV Emerging Markets MSCI Emerging Market Index up +0.09% at 1,012 Americas DJIA up +0.07% at 14,548 S&P 500 up +0.88% at 1,555 Bovespa up +1.44% at 53,929 Asia Nikkei 225 up +1.84% at 13,562 Topix up +1.59% at 1,145 Hang Seng up +0.04% at 22,022 Shanghai Composite down -0.42% at 2,235 MSCI Asia ex-Japan up +0.21% at 538.56 CNX Nifty up +0.45% at 5,809 Currencies €/$ 1.31 (1.31) $/¥ 99.81 (99.77) Commodities Brent Crude (ICE) up +0.41 at 100.06 Light Crude (Nymex) up +0.41 at 88.42 100 Oz Gold (Comex) up +26.30 at 1,422 |