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London headlines

* First cracks appear in Mexico coalition

* Israel accuses Syria of using nerve gas

* China clears Marubeni-Gavilon deal

* Apple in China: something positive

* Thai billionaire launches $6.6bn retail bid

* Hynix beats forecasts on rising chip prices

* Kone lifted by Asia and North America

Markets: up

First cracks appear in Mexico coalition
Mexico's new government on Tuesday unexpectedly postponed the launch of a banking reform bill after rising political tension produced the first cracks in a cross-party alliance supporting economic reforms.
http://on.ft.com/10xDrq8

Israel accuses Syria of using nerve gas
A senior Israeli military intelligence official on Tuesday accused the Syrian regime of repeatedly using chemical weapons against rebel groups in recent months, in comments that put pressure on the US administration to intervene in the two-year conflict.
http://www.ft.com/cms/s/0/0416099c-ac00-11e2-a063-00144feabdc0.html

China clears Marubeni-Gavilon deal
China has imposed significant conditions to clear Marubeni's $5bn takeover of US-based grain trader Gavilon, in a new show of how Beijing's antitrust regulators are flexing their muscle reviewing global deals.
http://on.ft.com/ZmwkyV

Apple in China: something positive
After the apologies, the mea culpas and the admissions of getting it wrong, Apple can claim to be doing something right at last in China – as far as the company's latest results show.
http://on.ft.com/17VnoT7

Thai billionaire launches $6.6bn retail bid
CP All, Thailand's largest convenience store chain and the world's third-largest operator of 7-Eleven stores, has made a 787 baht ($27.34) per share offer for control of cash-and-carry retailer Siam Makro, valuing the Thai-based company at $6.6bn, well above its market value of about $5.7bn.
http://on.ft.com/15D9bL8

Hynix beats forecasts on rising chip prices
SK Hynix, one of the world's leading memory chip producers, beat expectations as first-quarter earnings were boosted by rising chip prices and cheaper Japanese components.
http://www.ft.com/cms/s/0/9f6e3350-ac83-11e2-a063-00144feabdc0.html

Kone lifted by Asia and North America
A bullish outlook from Kone, bolstered by "exceptionally strong" growth in Asia and North America, prompted investors to buy into the stock on Tuesday.
http://on.ft.com/11ALX4z

Emerging Markets
MSCI Emerging Market Index up +0.55% at 1,015

Americas
DJIA up +1.05% at 14,719
S&P 500 up +1.04% at 1,579
Bovespa up +1.08% at 54,885

Asia
Nikkei 225 up +1.74% at 13,766
Topix up +0.97% at 1,155
Hang Seng up +1.29% at 22,089
Shanghai Composite up +0.68% at 2,199
MSCI Asia ex-Japan up +0.88% at 539.41
CNX Nifty up +0.04% at 5,837

Currencies
€/$ 1.30 (1.30)
$/¥ 99.40 (99.46)

Commodities
Brent Crude (ICE) up +0.24 at 100.55
Light Crude (Nymex) up +0.37 at 89.55
100 Oz Gold (Comex) up +11.80 at 1,420

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