| *China opens way for Zhou to stay at PBOC *Foreign hostages feared killed in Nigeria *Southeast Asia: bills of lading and trade, employment, consumption *South Korea and US begin military drills *Evonik sells stake to Temasek *Diageo overhauls supply chain *China: riding the hog cycle *Egypt hits problems over IMF loan Markets: mixed China opens way for Zhou to stay at PBOC Zhou Xiaochuan is set to serve as China's central bank governor past the mandatory retirement age after the government devised a workaround to keep him in office, a move that analysts say will keep the country's financial reforms on track. http://on.ft.com/14MVt3m Foreign hostages feared killed in Nigeria An Islamist terror group in Nigeria is believed to have killed seven foreign hostages, including a Briton, an Italian, a Greek and up to four Lebanese. http://on.ft.com/ZruKGL Southeast Asia: bills of lading and trade, employment, consumption For emerging market-watchers, data matter. But if you really want an insight into how trends are shifting on trade flows – especially in Southeast Asia – it pays to listen to a shipping line. http://on.ft.com/YS3Olz South Korea and US begin military drills South Korea and US forces have launched an 11-day land and sea exercise, in the face of North Korean protests that such "sabre-rattling" could lead to military confrontation. http://on.ft.com/ZyFnuU Evonik sells stake to Temasek Evonik has sold a block of shares to Temasek as the German speciality chemicals group prepares the ground for a stock market listing. http://on.ft.com/WDA9iF Diageo overhauls supply chain Diageo, the world's biggest distiller, is devolving supply chain operations to country-level as emerging markets account for a bigger slice of sales. http://on.ft.com/YRY5wh China: riding the hog cycle Could rising food prices come back to haunt China's leaders once more? A sharp increase in inflation,revealed in economic data published at the weekend, was driven largely by a jump in the food index. http://on.ft.com/16lkPcc Egypt hits problems over IMF loan Egypt's efforts to secure a critical $4.8bn loan from the International Monetary Fundhave run into fresh difficulty, possibly leading the government to seek emergency financing to avoid economic collapse. http://on.ft.com/YPp37y Emerging Markets MSCI Emerging Market Index down -0.20% at 1,064 Europe FTSE up +0.17% at 6,495 RTS up +0.76% at 1,544 Warsaw Wig down -0.20% at 46,982 FTSE 300 Eurotop down -0.35% at 1,191 Americas DJIA up +0.47% at 14,397 S&P 500 up +0.45% at 1,551 Bovespa down -0.70% at 58,433 Asia Nikkei 225 up +0.53% at 12,349 Topix up +1.91% at 1,040 Hang Seng down 0.00% at 23,091 Shanghai Composite down -0.35% at 2,311 MSCI Asia ex-Japan down -0.27% at 482.99 S&P CNX Nifty Index down -0.06% at 5,942 Currencies €/$ 1.30 (1.30) $/¥ 96.05 (95.99) Commodities Brent Crude (ICE) down -0.57 at 110.28 Light Crude (Nymex) down -0.28 at 91.67 100 Oz Gold (Comex) unchanged 0.00 at 1,577 |