* 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 |