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Financial Times
beyondbrics



London headlines

* Rwanda issues first 10-year bond to international investors

* Santander profits hit by LatAm weakness

* India moves to ease tensions with China over disputed incursion

* Brazil Congress seeks to thwart Supreme Court power

* 'Good tsar' anoints adviser on Russia's economy

* UN Security Council approves Mali peacekeeping force

Markets: mixed

Rwanda issues first 10-year bond to international investors
Rwanda has issued its first international bond, highlighting its recovery after the 1994 genocide and how voracious investor appetite for higher yielding debt is helping a swath of countries make their debuts on global bond markets.
http://www.ft.com/cms/s/0/647b452c-acf5-11e2-9454-00144feabdc0.html

Santander profits hit by LatAm weakness
Banco Santander, Spain's biggest lender by assets, suffered a 26 per cent fall in first-quarter net profits after Brazil, the UK and most of the bank's other key markets reported a slowdown in business.
http://www.ft.com/cms/s/0/e5cab23c-ad7e-11e2-a2c7-00144feabdc0.html

India moves to ease tensions with China over disputed incursion
Salman Khurshid, Indian foreign minister, will visit Beijing next month in spite of mounting criticism from opposition parties over New Delhi's conciliatory response to a Chinese military incursion across the disputed Himalayan border.
http://www.ft.com/cms/s/0/1d3a8736-ad95-11e2-a2c7-00144feabdc0.html

Brazil Congress seeks to thwart Supreme Court power
We've already seen how the foxes are often in charge of the henhouse in Brazil's Congress, with soy farmers running the environmental commission, convicted corruptors sitting in the justice commission and an evangelical pastor accused of racism heading the human rights commission.
http://blogs.ft.com/beyond-brics/2013/04/25/brazil-congress-seeks-to-thwart-supreme-court-power/

'Good tsar' anoints adviser on Russia's economy
Vladimir Putin has sought to reassure Russians that the government is putting the economy centre stage in an annual call-in show that cast an unexpected spotlight on Alexei Kudrin, the former finance minister who has flirted with the opposition.
http://www.ft.com/cms/s/0/87a8148a-adbd-11e2-a2c7-00144feabdc0.html

UN Security Council approves Mali peacekeeping force
The UN Security Council unanimously approved a 12,640-strong peacekeeping force to deploy in July to Mali, where French and African troops have been battling Islamist insurgents.
http://www.ft.com/cms/s/0/3aeb0dda-adc9-11e2-82b8-00144feabdc0.html

Emerging Markets
MSCI Emerging Market Index up +0.17% at 1,029

Americas
DJIA up +0.17% at 14,701
S&P 500 up 0.00% at 1,579
Bovespa down -0.04% at 54,963

Asia
Nikkei 225 up +0.28% at 13,966
Topix down -0.42% at 1,168
Hang Seng up +0.92% at 22,607
Shanghai Composite down -0.49% at 2,188
MSCI Asia ex-Japan up +0.31% at 547.41
CNX Nifty down -0.28% at 5,900

Currencies
€/$ 1.30 (1.30)
$/¥ 99.12 (99.25)

Commodities
Brent Crude (ICE) down -0.39 at 103.02
Light Crude (Nymex) down -0.46 at 93.18 100
Oz Gold (Comex) up +9.60 at 1,471

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