| * India bank shares fall on RBI probe * Beijing set to liberalise energy market * China appoints new head of Supreme Court * Billionaire Razon's $1.2 Billion Casino Gets Lead * Property sector woes add to bad week for Hong Kong, China shares * Japan to join Pacific trade deal talks * China's new president in corruption battle * IMF official to kick-start Egypt talks Markets: mixed India bank shares fall on RBI probe Siu India's central bank has launched an investigation into allegations of money laundering at branches of ICICI, HDFC Bank and Axis Bank, the country's three largest private-sector banks by assets. http://on.ft.com/16wr Beijing set to liberalise energy market China's rubber-stamp congress finishes up its annual meeting in Beijing this week, a recurrent theme can be heard from the tightly scripted meetings: China's energy pricing policies are set to change. http://on.ft.com/13WN0i2 China appoints new head of Supreme Court China's legal community hailed the appointment of a new Supreme Court head on Friday as a sign of legal reforms to come, at a time when China is battling corruption and struggling to modernise its court system. http://on.ft.com/Ws97J4 Billionaire Razon's $1.2 Billion Casino Gets Lead The Philippines tomorrow opens the first casino in the hub that is its answer to Macau, and billionaire Enrique Razon will have the gamblers to himself for now. http://bloom.bg/10UdjFc Property sector woes add to bad week for Hong Kong, China shares Hong Kong and China shares ended their worst week in three on a tepid note on Friday, dragged down by Chinese property developers after official media reported that new curbs on the housing market will be strictly enforced. http://reut.rs/ZtgI96 Japan to join Pacific trade deal talks Shinzo Abe, Japan's prime minister, has committed to joining talks on a proposed trade deal with the US and 10 other countries, in a big step for a nation where rice farmers and other groups have long blocked efforts to lower import barriers. http://on.ft.com/ZTiouA China's new president in corruption battle The sales director for a supplier to Beijing Foton Daimler Automotive is close to despair. She has been selling parts for 20 years but now, she said, more people than ever needed to be bribed to guarantee orders. http://on.ft.com/Ye34VM IMF official to kick-start Egypt talks The Middle East director of the International Monetary Fund will travel to Cairo on Sunday to kick-start talks with the authorities on a revised economic programme and the next steps in the IMF's engagement with Egypt. http://on.ft.com/15PiOUF Emerging Markets MSCI Emerging Market Index down -0.24% at 1,045 Europe FTSE up -0.60% at 6,490 RTS up +0.99% at 1,551 Warsaw Wig up +0.38% at 47,404 FTSE 300 Eurotop down -0.32% at 1,204 Americas DJIA up +0.58% at 14,539 S&P 500 up +0.56% at 1,563 Bovespa down -0.18% at 57,281 Asia Nikkei 225 up +1.45% at 12,561 Topix up +1.30% at 1,052 Hang Seng down -0.38% at 22,533 Shanghai Composite up +0.36% at 2,278 MSCI Asia ex-Japan down -0.56% at 476.36 S&P CNX Nifty Index down -0.62% at 5,873 Currencies €/$ 1.31 (1.30) $/¥ 96.06 (96.06) Commodities Brent Crude (ICE) up +0.66 at 109.62 Light Crude (Nymex) up +0.27 at 93.30 100 Oz Gold (Comex) up +0.60 at 1,591 |