| * Former Zambia president Banda arrested * Anti-Muslim violence spreads in Myanmar * Russians seek ways to beat Cyprus curbs * Brics will promote state-led development at Durban summit * South African troops killed in CAR fighting * Cambodian garment industry begins to fray * JPMorgan upbeat on Indian activity * Israel to resume tax funds to Palestinians * China pledges more investments to Africa * Libya set to transfer $2bn to Egypt Markets: mixed Former Zambia president Banda arrested
Zambia officially charged former president Rupiah Banda for abuse of authority over a Nigerian oil deal, a government spokeswoman said on Monday.
http://on.ft.com/Zo6zbH Anti-Muslim violence spreads in Myanmar
Sectarian violence between Buddhists and Muslims is spreading beyond central Myanmar, international and local officials have warned after angry mobs last week destroyed hundreds of buildings and killed an estimated 50 people in the town of Meiktila.
http://on.ft.com/YQ4NzT Russians seek ways to beat Cyprus curbs
With most banks in Cyprus due to reopen on Thursday, the island's many Russian depositors are scheming ways to beat the looming limits on withdrawals and money transfers designed to stem a run on the banks.
http://on.ft.com/11F3nMt Brics will promote state-led development at Durban summit
The Beijing Consensus – a synonym for China's growth model – may be something of a mirage for Africa considering the very different set of developmental circumstances of most African states.
http://on.ft.com/ZONVwP South African troops killed in CAR fighting
Rebel fighters who have seized power in the Central African Republic killed at least 13 South African troops who were controversially deployed in the mineral-rich nation at the beginning of the year as part of a training force for government soldiers.
http://on.ft.com/Zo6Dbo Cambodian garment industry begins to fray
If Cambodia is anything to go by, physical size and a population of just 15m are immaterial when it comes to a successful garment manufacturing industry.
http://on.ft.com/16TrAm3 JPMorgan upbeat on Indian activity
Foreign banks in India are set to enjoy a rare boost in capital market activity this year, as domestic companies raise fresh funds to restructure finances and repair balance sheets, JPMorgan's country head has said.
http://on.ft.com/YCOhV0 Israel to resume tax funds to Palestinians
Israel said it would resume the transfer of tax funds to the Palestinian Authority in response to requests from the US, three days after President Barack Obama concluded a visit to the region.
http://on.ft.com/Zo6JQe China pledges more investments to Africa
Chinese President Xi Jinping defended China's role in Africa and promised increased investment during his first overseas trip as head of state, countering growing criticisms from African officials who say China's role is "predatory" with echoes of colonialism.
http://on.ft.com/X2XWrF Libya set to transfer $2bn to Egypt
Libya is to give cash-strapped Egypt $2bn and speed up visas for thousands of labourers seeking to work in the oil-rich country, said Egyptian and Libyan officials on Monday.
http://on.ft.com/14pSpyQ Emerging Markets
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S&P CNX Nifty Index up +0.02% at 5,635 Currencies
€/$ 1.29 (1.29)
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