* Venezuelan rivals rally after poll * Colombia launches stimulus measures * China enters era of slower growth * Iceland agrees trade pact with China * Russian blogger faces corruption trial * Egypt's IMF Loan Talks in Cairo End Without Agreement * Precious metals miners lead FTSE sell off * South Korea in bid to kick-start economy * EM private debt funds draw interest * ENRC hit by whistleblower claim * Telefonica Said to Use Part of $3 Billion Stuck in Venezuela Markets: mixed Venezuelan rivals rally after poll Both sides in Venezuela's political stand-off will hold rival demonstrations on Tuesday after the country's electoral authority rejected opposition demands for a presidential election recount and protesters clashed with police in the capital, Caracas http://on.ft.com/ZVhnOz Colombia launches stimulus measures Colombian President Juan Manuel Santos on Monday launched a stimulus package aimed at easing the appreciation of the peso and boosting the economy after two sluggish quarters. The president said "the effort" would cost about $2.7bn. http://on.ft.com/139mizG China enters era of slower growth China has entered an era of slower growth and must adjust to the end of three decades of double-digit annual economic expansion, the government warned on Monday. http://on.ft.com/103E6PR Iceland agrees trade pact with China Iceland has become the first European country to sign a trade agreement with China as Beijing seeks to boost its influence in the Arctic region. http://on.ft.com/117sWU1 Russian blogger faces corruption trial Drawing furiously on a marker board, Russian blogger and opposition figurehead Alexei Navalny sketches out a tapestry of circles and arrows, a tangled web of money, greed and forestry products. It is exactly the kind of financial wrong-doing he specialises in exposing. http://on.ft.com/138L3vU Egypt's IMF Loan Talks in Cairo End Without Agreement Egypt's talks with the International Monetary Fund ended without an agreement for a $4.8 billion loan yesterday, failing to live up to comments from government officials that an accord would be reached. http://bloom.bg/Zu50u5 Precious metals miners lead FTSE sell off Precious metals producers listed in London joined in the rout seen across global bullion markets on Monday, as gold fell sharply to a two-year low. http://on.ft.com/11gJKe0 South Korea in bid to kick-start economy South Korea unveiled a Won17.3tn ($15.4bn) supplementary budget on Tuesday to kick-start the stalled economy, as domestic consumption remains sluggish while exports slow because of the weaker yen and cooling global demand. http://on.ft.com/ZwZYvR EM private debt funds draw interest To the growing list of ways for investors to play the emerging market growth story, add this: private debt funds. Cordiant Capital, a Canada-based fund manager, is the latest to add to this small but growing sector with the launch of a $250m fund on Monday. http://on.ft.com/11jbleo ENRC hit by whistleblower claim ENRC has suspended one of its managers in Africa due to whistleblower allegations of impropriety in the latest blow to the FTSE 100 miner left reeling by investor concerns over corporate governance. http://on.ft.com/ZwC97n Telefonica Said to Use Part of $3 Billion Stuck in Venezuela Telefonica SA (TEF) plans to increase spending in Venezuela this year to hedge against a further decline in the value of cash it can't repatriate to Spain, according to a company presentation seen by Bloomberg News. http://bloom.bg/116fHGb Emerging Markets MSCI Emerging Market Index up +0.18% at 1,005 Europe FTSE down -0.54% at 6,309 RTS down -0.16% at 1,364 Warsaw Wig down -1.76% at 44,724 FTSE 300 Eurotop down -0.63% at 1,167 Americas DJIA down -1.79% at 14,599 S&P 500 down -2.30% at 1,552 Bovespa down -3.66% at 52,950 Asia Nikkei 225 down -0.41% at 13,221 Topix down -1.30% at 1,119 Hang Seng down -0.46% at 21,672 Shanghai Composite up +0.59% at 2,195 MSCI Asia ex-Japan up +0.42% at 464.14 CNX Nifty up +2.16% at 5,689 Currencies €/$ 1.31 (1.30) $/¥ 97.79 (96.69) Commodities Brent Crude (ICE) down -0.85 at 99.78 Light Crude (Nymex) down -0.45 at 88.26 100 Oz Gold (Comex) up +26.80 at 1,387 |