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Financial Times
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New York headlines

* Pervez Musharraf arrested at Islamabad home

* First-quarter growth at Rexam subdued

* Emerging Stocks Advance Most in 15 Weeks on TSMC, China Growth

* Zambia $1 Billion Bonds No Threat to Debt Level as Yields Climb

* Brazil cement maker seeks $5.4bn via IPO

* Egypt's public sector salary bill soars

* China permits giant Valemax to dock

* Indian court deals new blow to Vedanta

* Russian blogger faces fresh charges

* India partially lifts mining ban

* Renminbi rides out weaker China growth

Markets: mixed

Pervez Musharraf arrested at Islamabad home
Former Pakistani ruler Pervez Musharraf has been formally placed under house arrest in his expansive Islamabad farmhouse, a day after he fled an Islamabad courtroom to avoid detention in one of several criminal cases against him.http://www.ft.com/cms/s/0/d8949226-a8b6-11e2-bcfb-00144feabdc0.html

First-quarter growth at Rexam subdued
Heightened competition in Russia has kept a lid on first quarter can volumes at Rexam, the FTSE 100 beverage canmaker
http://www.ft.com/cms/s/0/84b9ac8a-a777-11e2-9fbe-00144feabdc0.html

Emerging Stocks Advance Most in 15 Weeks on TSMC, China Growth
Emerging-market stocks rose the most in 15 weeks after Taiwan Semiconductor Manufacturing Co. forecast record quarterly sales and a Chinese government economist forecast growth to rebound this year
http://www.bloomberg.com/news/2013-04-19/emerging-stocks-rise-most-in-a-week-on-tsmc-sales-china-outlook.html

Zambia $1 Billion Bonds No Threat to Debt Level as Yields Climb
Zambia, Africa's biggest copper- producing nation, has room to borrow another $1 billion on international markets while keeping debt levels in check, a Finance Ministry official said.
http://www.bloomberg.com/news/2013-04-18/zambia-1-billion-bonds-no-threat-to-debt-level-as-yields-climb.html

Brazil cement maker seeks $5.4bn via IPO
Votorantim Cimentos has announced its intention to raise $5.4bn through an initial public offering that will be the world's biggest this year if realised.
http://www.ft.com/cms/s/0/68a96858-a86e-11e2-b031-00144feabdc0.html

Egypt's public sector salary bill soars
Egypt's public sector salary bill has risen by 80 per cent since the 2011 revolution, according to an international aid official and a copy of notes taken at a private briefing by the International Monetary Fund.
http://www.ft.com/cms/s/0/16ab0414-a830-11e2-8e5d-00144feabdc0.html

China permits giant Valemax to dock
A port in eastern China has allowed one of the controversial huge Valemax ships to dock and unload a cargo of iron ore, potentially signalling a relaxation of China's 14-month-old ban on the ultra-large vessels.
http://www.ft.com/cms/s/0/ab14aba8-a7fb-11e2-b031-00144feabdc0.html

Indian court deals new blow to Vedanta
India's Supreme Court dealt another blow to Vedanta Resources on Thursday, saying that bauxite could not be mined from eastern India's pristine Niyamgiri Hills without permission from an animist tribe, which worships the hills as the home of their local deity.
http://www.ft.com/cms/s/0/c7308a84-a821-11e2-b031-00144feabdc0.html

Russian blogger faces fresh charges
Only a day after facing trial on embezzlement charges, Alexei Navalny, a fierce critic of Vladimir Putin, was hit with another criminal investigation into alleged theft, as Russia's law enforcement agencies appeared to ratchet up pressure on political opponents.
http://www.ft.com/cms/s/0/1fa63ffc-a83a-11e2-b031-00144feabdc0.html

India partially lifts mining ban
India's Supreme Court on Thursday further relaxed its previous blanket ban on mining in the mineral-rich southern state of Karnataka, providing some limited relief to the country's crisis-hit iron ore and steel industries.
http://www.ft.com/cms/s/0/d0ea5fe8-a829-11e2-8e5d-00144feabdc0.html

Renminbi rides out weaker China growth
Poor growth, soaring debt and a rating downgrade. In most parts of the world such a cocktail would spell bad news for the currency. But not so in China. Despite a clutch of negative headlines in the past week, the renminbi has instead strengthened to reach a fresh high against the US dollar.
http://www.ft.com/cms/s/0/faed9262-a81d-11e2-8e5d-00144feabdc0.html

Emerging Markets
MSCI Emerging Market Index up +1.03% at 1,008

Europe
FTSE up +0.61% at 6,282
RTS up +0.38% at 1,333
Warsaw Wig up +0.23% at 43,465
FTSE 300 Eurotop up +0.85% at 1,157

Americas
DJIA down -0.56% at 14,537
S&P 500 down -0.67% at 1,542
Bovespa up +0.54% at 53,166

Asia
Nikkei 225 up +0.73% at 13,316
Topix up +0.33% at 1,127
Hang Seng up +2.33% at 22,014
Shanghai Composite up +2.14% at 2,245
MSCI Asia ex-Japan up +1.41% at 462.00
CNX Nifty up +1.66% at 5,783

Currencies
€/$ 1.31 (1.31)
$/¥ 99.17 (98.13)

Commodities
Brent Crude (ICE) up +0.87 at 100.00
Light Crude (Nymex) up +0.88 at 88.61
100 Oz Gold (Comex) up +25.60 at 1,418

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