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Financial Times
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London headlines

* Emerging markets: Q1 blues

* Asia shares up as Cyprus worries ease

* RWE sells Czech gas pipeline for €1.6bn

* Russian oil cash fuels mobile bidding war

* Hungary: renationalisation speeds up

* China intensifies attacks on Apple

* Nigeria asks investors to throw good money into its bad bank

Markets: mostly up

Emerging markets: Q1 blues
Emerging stocks are heading for their biggest first-quarter drop since 2008, weighed down by slowing economic growth, worries about profits, concerns about the Chinese property market and the general unease about the euro crisis.
http://on.ft.com/170HTxo

Asia share up as Cyprus worries ease
Asian shares were in a positive territory on renewed risk appetite after the US S&P 500 hit a record closing high and worries about the Cyprus bailout eased.
http://on.ft.com/YNiuR7

RWE sells Czech gas pipeline for €1.6bn
RWE is selling its Czech gas pipeline network in a €1.6bn deal that highlights the appetite of insurers and pension funds to invest in stable infrastructure assets.
http://on.ft.com/YNiMrf

Russian oil cash fuels mobile bidding war
A bidding war between Russian groups for Sweden's Tele2 Russia mobile phone operator erupted on Thursday, a day after it said it had accepted a bid from Russian state bank VTB.
http://on.ft.com/10VsLyG

Hungary: renationalisation speeds up
Hungary's fast-expanding re-nationalisation programme, led by former anti-Communist activist Viktor Orban, on Thursday took a great leap forward.
http://on.ft.com/103w85b

China intensifies attacks on Apple
The Chinese government has intensified a co-ordinated public campaign against Apple, slamming the technology group as "dishonest", "greedy" and "incomparably arrogant" and threatening regulatory action if the US company does not improve its after-sales service policies.
http://on.ft.com/14yAje0

Nigeria asks investors to throw good money into its bad bank
Two years on from the start of its cleanup operation for Nigeria's banking crisis, the Asset Management Corporation of Nigeria (AMCON) – the country's 'bad bank' – is courting foreign investors.
http://on.ft.com/16Yxgv7

Emerging Markets
MSCI Emerging Market Index up +0.15% at 1,034

Americas
DJIA up +0.36% at 14,579
S&P 500 up +0.41% at 1,569
Bovespa up +0.57% at 56,352

Asia
Nikkei 225 up +0.42% at 12,388
Topix down -0.16% at 1,035
Hang Seng down -0.74% at 22,300
Shanghai Composite down -0.14% at 2,233
MSCI Asia ex-Japan up +0.35% at 544.25
S&P CNX Nifty Index up +0.73% at 5,683

Currencies
€/$ 1.28 (1.28)
$/¥ 94.05 (94.11)

Commodities
Brent Crude (ICE) up +0.08 at 109.77
Light Crude (Nymex) up +0.65 at 97.23
100 Oz Gold (Comex) down -10.20 at 1,596

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