| * Shares struggle amid Cyprus woes * Nike soars but China is its Achilles heel * BNDES, Caixa: robbing Peter to pay Paul * Still some way to go for Colombia * Volvo discovers sales distortions in China * BP to use TNK-BP cash for $8bn buyback * China forecast to overtake US by 2016 * Mexico telecoms bill approved * Matahari share sale raises $1.3bn * BBVA joins Mexican wave with $3.5bn push Markets: mostly down Shares struggle amid Cyprus woes
Friday 10:30 GMT. Markets are finishing a nervous week in suitably cautious mood as anxiety over the Cypriot banking crisis exacerbates concerns about the damage to global growth from a weakening European economy.
http://on.ft.com/15yLfUS Nike soars but China is its Achilles heel
Price rises and cheaper material costs helped Nike to report better than expected profits in the past quarter, but China remained a weak spot as sales there continued to fall.
http://on.ft.com/13gDvv3 BNDES, Caixa: robbing Peter to pay Paul
Is the government robbing Peter to pay Paul? That may be a bit harsh but that is what Moody's seems to suggest with its downgrade of BNDES and Caixa Econômica on Thursday.
http://on.ft.com/16LWnkF Still some way to go for Colombia
Colombia is recovering… by baby steps. The Andean nation's gross domestic product grew 4 per cent last year, beating the country's central bank forecast of 3.3 to 3.9 per cent – but still much lower than the 6.6 per cent of 2011.
http://blogs.ft.com/beyond-brics/2013/03/22/colombia-gdp/ Volvo discovers sales distortions in China
Volvo Cars has changed its incentive programme for dealers in China after the lossmaking Swedish carmaker discovered it had led to big distortions in sales figures.
http://on.ft.com/14bBrUi BP to use TNK-BP cash for $8bn buyback
BP will launch a share buyback worth as much as $8bn following the sale of its stake in TNK-BP, the oil group's joint venture in Russia with the Kremlin-controlled oil group Rosneft.
http://on.ft.com/ZQPSbe China forecast to overtake US by 2016
China is on track for a fourth consecutive decade of rapid growth and will overtake the US as the world's biggest economy in 2016 after accounting for price differences, according to a new report by the Organisation for Economic Co-operation and Development.
http://on.ft.com/Y38VAV Mexico telecoms bill approved
Mexico's lower house of Congress late Thursday gave overwhelming general approval to a telecoms bill that seeks to curb the power of some of the country's most powerful businessmen.
http://on.ft.com/10quRGA Matahari share sale raises $1.3bn
CVC Partners, GIC and an affiliate of the Riady family business empire have cashed in $1.3bn worth of stock in the sale of Indonesian retailer Matahari to public investors, the joint biggest share sale in the the region this year.
http://on.ft.com/Y3v4zg BBVA joins Mexican wave with $3.5bn push
Spanish bank BBVA on Thursday joined a wave of optimism surroundingMexico's growth prospects as it announced the biggest investment by its Latin American subsidiary to date. http://on.ft.com/11mggdX Emerging Markets
MSCI Emerging Market Index down -0.61% at 1,016 Europe
FTSE down +0.25% at 6,405
RTS down -0.60% at 1,477
Warsaw Wig down -0.91% at 45,165
FTSE 300 Eurotop down -0.01% at 1,191 Americas
DJIA down -0.62% at 14,421
S&P 500 down -0.83% at 1,546
Bovespa down -0.81% at 55,577 Asia
Nikkei 225 down -2.35% at 12,339
Topix down -1.85% at 1,039
Hang Seng down -0.50% at 22,115
Shanghai Composite up +0.17% at 2,328
MSCI Asia ex-Japan down -0.52% at 467.43
S&P CNX Nifty Index down -0.13% at 5,651 Currencies
€/$ 1.29 (1.29)
$/¥ 94.59 (94.88) Commodities
Brent Crude (ICE) up +0.12 at 107.59
Light Crude (Nymex) up +0.50 at 92.95
100 Oz Gold (Comex) down -2.80 at 1,611 | 
