| * Xi Jinping becomes Chinese president * Messi, a Queen and a Pope, oh my * Tunisian parliament approves cabinet * Reliance to beef up retail and 4G arms * Russia warns UK against arming Syrian rebels * African groups seek growth across borders * Chevron challenges Argentina over YPF * China's central bank warns on inflation * Russia's Cyprus problem Markets: mixed Xi Jinping becomes Chinese president
The Chinese Communist party on Thursday formally anointed Xi Jinping to serve as the country's president for the next decade.
http://on.ft.com/XwHS2Q Messi, a Queen and a Pope, oh my
God is Argentine, as Argentines are fond of saying. Now, so is the pope. Next month, Argentina will also have a queen when Máxima Zorreguieta is crowned alongside her husband, Prince Willem of Holland.
http://on.ft.com/Z3lj2u Tunisian parliament approves cabinet
Tunisia's national assembly on Wednesday approved a new Cabinet proposed by the Islamist prime minister that includes political independents in key posts but not the secular and leftist opposition.
http://on.ft.com/13TVyGH Reliance to beef up retail and 4G arms
Reliance Industries is planning a further increase in capital investment, potentially spending as much as $27bn by 2017 as India's largest company by revenues beefs up its retail business and expands into 4G telecoms later this year.
http://on.ft.com/ZJGTdJ Russia warns UK against arming Syrian rebels
Russia's foreign minister delivered a public rebuke to David Cameron during a trip to the UK, warning that the prime minister's push to arm Syrian rebels would be illegal.
http://on.ft.com/ZMRTXJ African groups seek growth across borders
In recent months Africa's largest pharmaceutical group has withdrawn staff from northern Nigeria because of fighting between the army and Islamist forces, and from Mombasa as a precaution ahead ofKenya's elections.
http://on.ft.com/Y9V37v Chevron challenges Argentina over YPF
Chevron, the US oil group, has taken a tough line with Argentina, saying it will not make any progress on an agreed joint venture with YPF, the country's national oil company, until a court threat to its assets has been lifted.
http://on.ft.com/Ys0VFa China's central bank warns on inflation
China must be "on high alert" against inflation, central bank governor Zhou Xiaochuan said on Wednesday, striking a hawkish tone at his most important news conference of the year.
http://on.ft.com/10MeYfN Russia's Cyprus problem
Over the past few months, a lot of questions have been raised about the share of Russian money flowing through Cyprus, not always legally, and what effect this would have on an EU bailout for the island.
http://on.ft.com/Z18V2Z Emerging Markets
MSCI Emerging Market Index down -0.60% at 1,043 Americas
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MSCI Asia ex-Japan down -0.84% at 544.07
S&P CNX Nifty Index down -0.54% at 5,820 Currencies
€/$ 1.29 (1.30)
$/¥ 96.02 (96.09) Commodities
Brent Crude (ICE) down -0.12 at 108.40
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