| * Australia to buy Chinese government debt * ENRC chairman quits besmirched miner * Jet agrees to sell stake to Etihad * Miner reined in as gold sells off * China Said to Ask Bond Traders to Check Histories Amid Probe * Huawei 'not interested in the US any more' * First cracks appear in Mexico coalition * 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 Australia to buy Chinese government debt The Australian central bank plans to invest about 5 per cent of its foreign reserves in Chinese government bonds, in the latest move to build closer economic ties between the two countries. http://on.ft.com/17W2OSK ENRC chairman quits besmirched miner The chairman brought in to clean up the controversial FTSE 100 miner Eurasian Natural Resources Corp, resigned on Tuesday, in the latest stark illustration of the difficulty of grafting City governance standards on to mining groups with powerful Asian shareholders. http://on.ft.com/ZGMrpC Jet agrees to sell stake to Etihad India's Jet Airways has agreed to sell a 24 per cent stake to Etihad Airways, a deal that will help the Gulf airline feed more Indian passengers into its global network. http://on.ft.com/ZMg7yx Miner reined in as gold sells off Petropavlovsk, the Russia-focused gold company, said it would be scaling back its expansion plans and focus on cost-cutting in the face of a falling gold price. http://on.ft.com/15IMa9u China Said to Ask Bond Traders to Check Histories Amid Probe China's central bank asked participants in the nation's $3.7 trillion interbank bond market to examine trading histories as it cracks down on illegal transactions, two people with knowledge of the matter said. http://bloom.bg/17ftNr0 Huawei 'not interested in the US any more' Huawei has given up its quest to conquer the market for telecom network equipment in the US, where the Chinese company's sales efforts have been repeatedly blocked by security fears. http://on.ft.com/10buV8V 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 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 $5.7bn. http://on.ft.com/15D9bL8 Hynix beats forecasts on rising chip prices SK Hynix, one of the world's leading memory chip producers, beat expectations as first-quarter earnings were boosted by rising chip prices and cheaper Japanese components. http://on.ft.com/11ALMpS Kone lifted by Asia and North America A bullish outlook from Kone, the Finnish liftmaker, bolstered by "exceptionally strong" growth in Asia and North America, prompted investors to buy into the stock on Tuesday. http://on.ft.com/11ALX4z Emerging Markets MSCI Emerging Market Index up +0.84% at 1,018 Europe FTSE up +0.07% at 6,410 RTS up +2.66% at 1,369 Warsaw Wig down -0.49% at 42,949 FTSE 300 Eurotop up +0.10% at 1,184 Americas DJIA up +1.05% at 14,719 S&P 500 up +1.04% at 1,579 Bovespa up +1.08% at 54,885 Asia Nikkei 225 up +2.32% at 13,843 Topix up +1.80% at 1,164 Hang Seng up +1.73% at 22,183 Shanghai Composite up +1.55% at 2,218 MSCI Asia ex-Japan up +1.18% at 466.74 CNX Nifty up +0.04% at 5,837 Currencies €/$ 1.30 (1.30) $/¥ 99.61 (99.46) Commodities Brent Crude (ICE) up +0.68 at 100.99 Light Crude (Nymex) up +0.74 at 89.92 100 Oz Gold (Comex) up +15.50 at 1,424 |