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Financial Times
beyondbrics



New York headlines

* China reopens government bond futures market

* G20 leaders grapple with risks of reduced US monetary stimulus

* Watchdog launches Batista investigation

* Apple probes work conditions at China factory

* China Yuan Volatility Near 2010 Low; Money Rates Decline in Week

* Malaysia Risk Tops Philippines on Najib Budget Gap

* Russia's Sergei Storchak warns on corporate foreign currency debt

* Europe urges China to cede business control

* Sri Lanka rolls dice on mega-casinos

* Somalia moves to discredit UN report over funding fears

* Markets: mainly up

China reopens government bond futures market
Government bond futures have returned to China nearly two decades after a trading scandal that led to their being banned.
http://on.ft.com/17JzRI7

G20 leaders grapple with risks of reduced US monetary stimulus
Leaders at the Group of 20 summit were on Thursday grappling with the risks posed by a potential reduction of US monetary stimulus and worries over trade protectionism amid shift of economic momentum towards advanced economies.
http://on.ft.com/17cSANd

Watchdog launches Batista investigation
Brazil's market regulator, CVM, has launched a formal investigation into the dealings of Eike Batista and executives at OGX as anger grows among investors over the near-collapse of his flagship oil company.
http://on.ft.com/17cSKEi

Apple probes work conditions at China factory
Apple is investigating fresh allegations of poor working conditions at a Chinese factory said to be producing a cheaper iPhone, expected to be unveiled next week.
http://on.ft.com/17DEa5u

China Yuan Volatility Near 2010 Low; Money Rates Decline in Week
Volatility in the yuan was near a three-year low after the People's Bank of China signaled it is prepared to manage the impact of a stimulus reduction by the Federal Reserve. Money-market rates fell this week.
http://bloom.bg/154sWup

Malaysia Risk Tops Philippines on Najib Budget Gap
Malaysia's default risk climbed above that of the Philippines for the first time as Prime Minister Najib Razak seeks to avoid a debt-rating cut, while his counterpart pitches for upgrades.
http://bloom.bg/17cTjxU

Russia's Sergei Storchak warns on corporate foreign currency debt
Russia's deputy finance minister has expressed concern about companies' rising foreign-currency debt levels amid recent emerging market turmoil.
http://on.ft.com/17DEvVQ

Europe urges China to cede business control
European business representatives have accused Chinese regulators of unfairly targeting foreign companies in a series of recent corruption and monopoly investigations.
http://on.ft.com/17DEoth

Sri Lanka rolls dice on mega-casinos
Faced with the necessity of reviving an economy ravaged by two decades of civil war, Sri Lanka's President Mahinda Rajapaksa is poised to make a particularly large wager: that the world's biggest gambling groups want to flock to the south Asian island to set up a series of new mega-casinos.
http://on.ft.com/1eliVfQ

Somalia moves to discredit UN report over funding fears
Somalia has hired British and US consultants to discredit a UN report that claims rampant corruption in Mogadishu because it threatens to imperil donor funding and the return of foreign-held assets, including gold, totalling billions of dollars.
http://on.ft.com/1eliYIH

Emerging Markets
MSCI Emerging Market Index up +0.28% at 950.28

Europe
FTSE up -0.13% at 6,524
RTS up +0.17% at 1,342
Warsaw Wig up +1.33% at 46,442
FTSE 300 Eurotop down -0.07% at 1,223

Americas
DJIA up +0.04% at 14,937
S&P 500 up +0.12% at 1,655
Bovespa up +1.23% at 52,352

Asia
Nikkei 225 down -1.45% at 13,861
Topix down -0.87% at 1,148
Hang Seng up +0.10% at 22,621
Shanghai Composite up +0.83% at 2,140
MSCI Asia ex-Japan up +0.32% at 444.15
CNX Nifty up +1.56% at 5,680

Currencies
€/$ 1.31 (1.31)
$/¥ 99.73 (100.11)

Commodities
Brent Crude (ICE) up +0.09 at 115.35
Light Crude (Nymex) up +0.12 at 108.49
100 Oz Gold (Comex) down -3.10 at 1,370

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