New York morning headlines


If this email is not displayed correctly, please click on the following link or open your browser and
paste the link into the address field: http://view.ed4.net/v/73UJGG/MJ06FF/C4DN88X/PRAK1O/

Financial Times
beyondbrics



New York headlines

* Traders cheer Cyprus deal

* Xi set to unveil $10bn Tanzania port project

* Commodity booms, busts and bubbles

* Brics will promote state-led development at Durban summit

* HTC: phone delay dismays investors

* Head of Syrian opposition alliance quits

* Economic tail winds lift China banks

* India may see internet boom by 2015 – report

* Congo attack hits mineral transport

* Stanley Gibbons targets southeast Asia

* China's foreign oil drive set to continue

* How 'the comet' Berezovsky faded

* Israel and Turkey eye ties on Syria

Markets: mostly up

Traders cheer Cyprus deal
Monday 10:40 GMT. The euro, stocks and crude oil are firmer afterCyprusreached a deal on a €10bn bailout. Money is moving out of supposed havens, pushing the yen and Swiss franc lower, while forcing Treasury yields higher.
http://on.ft.com/11ALCOi

Xi set to unveil $10bn Tanzania port project
Chinese President Xi Jinping is expected to unveil a big port project in Tanzaniaduring his first visit to Africa as head of state, highlighting China's growing infrastructure investments in the resource-rich continent.
http://on.ft.com/X2XWrF

Commodity booms, busts and bubbles
Commodity markets are prone to bubbles, but like the ones in bathtubs, they don't last.
http://on.ft.com/101fqT1

Brics will promote state-led development at Durban summit
After the onset of the (western) financial crisis of 2008, there has been a deep questioning of the free market ideology encapsulated by the phrase "Washington Consensus", writes Martyn Davies of Frontier Advisory.
http://on.ft.com/ZONVwP

HTC: phone delay dismays investors
HTC, the Taiwanese smartphone maker, has been fighting to turn around its plunging sales by learning lessons from Apple.
http://on.ft.com/16SV7MH

Head of Syrian opposition alliance quits
The Syrian opposition was in disarray on Sunday as the head of the main coalition group resigned and support for a new opposition prime minister appeared uncertain.
http://on.ft.com/YO2Bcc

Economic tailwinds lift China banks
A rebound in economic growth has allowed Chinese banks to outrun the approaching shadow of bad loans and given them more time to strengthen their balance sheets.
http://on.ft.com/X27xyT

India may see internet boom by 2015 – report
Already the third-largest online user base in the world, India has the potential to double its economic contribution from the internet in the next three years.
http://on.ft.com/16Nn0FL

Congo attack hits mineral transport
The largest attack on Congo's copper mining heartlands in more than a decade has brought provincial movements of minerals to a standstill and forced a night-time curfew in the provincial capital, Lubumbashi.
http://on.ft.com/YOKSl8

Stanley Gibbons targets southeast Asia
Stanley Gibbons has put its stamp on the growing Asian market for philately investing with plans to open an office in Singapore, as the venerable British company targets affluent collectors in southeast Asia.
http://on.ft.com/11Buk7k

China's foreign oil drive set to continue
China's state-owned oil companies reported falling net profits last year due to the economic slowdown and state-controlled fuel prices, even as they are set to continue their rapid expansion overseas.
http://on.ft.com/11yXoIV

How 'the comet' Berezovsky faded
In his glory days they called him "the comet", because he burnt so bright and talked so fast. Yet in his final months Boris Berezovsky was an insecure, self-doubting and anguished man. As his £6bn court case against his former protégé Roman Abramovich went against him, he lost the ebullient bombast that once defined him.
http://on.ft.com/X1ver5

Israel and Turkey eye ties on Syria
The prospect of a reconciliation between Turkey and Israel has paved the way for closer co-operation on Syria and removed a big obstacle to collaboration over the development of strategic energy resources in the eastern Mediterranean, officials on both sides say.
http://on.ft.com/10awaa4

Emerging Markets
MSCI Emerging Market Index up +1.03% at 1,026

Europe
FTSE down +0.91% at 6,451
RTS up +1.20% at 1,489
Warsaw Wig up +0.70% at 45,381
FTSE 300 Eurotop up +0.91% at 1,200

Americas
DJIA up +0.63% at 14,512
S&P 500 up +0.72% at 1,557
Bovespa down -0.60% at 55,243

Asia
Nikkei 225 up +1.69% at 12,546
Topix up +0.84% at 1,047
Hang Seng up +0.61% at 22,251
Shanghai Composite down -0.07% at 2,327
MSCI Asia ex-Japan up +1.11% at 466.08
S&P CNX Nifty Index down -0.31% at 5,634

Currencies
€/$ 1.30 (1.30)
$/¥ 94.71 (94.49)

Commodities
Brent Crude (ICE) up +0.69 at 108.35
Light Crude (Nymex) up +0.48 at 94.19
100 Oz Gold (Comex) up +1.60 at 1,608

Advertisement

Tools
Your account Portfolio
Email Briefings Price alerts
Keyword alerts RSS feeds
© THE FINANCIAL TIMES LTD 2009
ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page on FT.com
Change Briefings UnsubscribeChange Email AddressForward this email to a friendPrivacy Policy About UsHelp
The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.