| * Cyprus braced for outflow of money * Stocks mixed as eurozone worries linger * China wealth management rules hit shares * India's Exim Bank in AUD debut * Western funds seeks a passage to India * South Korea cuts economic forecast * Shares in TNK-BP offshoot fall * Standard Life: calling time on Brazil property * Tele2 sells Russian arm to VTB * Brazil hits growth 'stumbling block' * Peru intensifies currency fight Markets: mixed Cyprus braced for outflow of money Cypriot banks reopened on Thursday for the first time in almost two weeks under a regime of strict capital controls and with officials bracing for a huge outflow of deposits. http://on.ft.com/16juwqJ Stocks mixed as eurozone worries linger Thursday 09:30 GMT. Global stocks are mixed as the Cypriot banking crisis, alongside political instability in Italy, highlight the eurozone's debt difficulties and again damp investor sentiment. http://on.ft.com/YVrBOY China wealth management rules hit shares Chinese shares fell sharply on Thursday after the country's banking regulator tightened restrictions on so-called "wealth management products" in a bid to reduce risks to the economy posed by shadow financing. http://on.ft.com/YH3GcR India's Exim Bank in AUD debut The Export-Import Bank of India has become the first Indian institution to issue bonds in Australian dollars, opening up a new market. http://on.ft.com/16ZsHR1 Western funds seeks a passage to India Western fund houses with a presence in India are failing to persuade locals there to buy equity funds – an unfortunate development that throws a spanner into their business models. http://on.ft.com/16jG1P4 South Korea cuts economic forecast South Korea has cut its economic growth target for this year and announced a plan to draw up a supplementary budget to kick-start the stalled economy as the export-driven country battles the weaker yen and fragile global economic recovery. http://on.ft.com/YKKuVs Shares in TNK-BP offshoot fall The share price of TNK-BP Holding has fallen nearly 40 per cent over the past five trading days amid uncertainty about new owner Rosneft's commitment to minority shareholders. http://on.ft.com/11N8ZIk Standard Life: calling time on Brazil property The sale of two office buildings in central São Paulo may sound like a rather insignificant event in the scale of things. However, Standard Life's decision to sell the two properties, marking an exit of the British insurer's real estate fund from Brazil, could be a bad omen for the country's property market. http://on.ft.com/1008CpL Tele2 sells Russian arm to VTB Swedish telecoms group Tele2 is to sell its Russian mobile operator Tele2 Russia to local bank VTB for $3.55bn, in one of the largest deals in the region since the financial crisis. http://on.ft.com/10bgJit Brazil hits growth 'stumbling block' Brazil's slowing economy and fiscal stimulus efforts are weighing on its sovereign credit rating, Fitch said on Wednesday, in the first such note of caution over a country that has been a star of rating agencies. http://on.ft.com/10QKgQD Peru intensifies currency fight For the eighth time in 10 months, Peru's central bank has raised deposit requirements on dollar-denominated accounts to stem the flow of hot money into its fast-growing economy and dampen currency appreciation. http://on.ft.com/16YQoZR Emerging Markets MSCI Emerging Market Index down -0.14% at 1,031 Europe FTSE up +0.53% at 6,421 RTS up +0.33% at 1,451 Warsaw Wig down -0.40% at 45,068 FTSE 300 Eurotop up +0.47% at 1,190 Americas DJIA down -0.23% at 14,526 S&P 500 down -0.06% at 1,563 Bovespa up +0.65% at 56,034 Asia Nikkei 225 down -1.26% at 12,336 Topix down -0.93% at 1,037 Hang Seng down -0.74% at 22,300 Shanghai Composite down -2.82% at 2,236 MSCI Asia ex-Japan down -0.35% at 473.80 S&P CNX Nifty Index up +0.73% at 5,683 Currencies €/$ 1.28 (1.28) $/¥ 94.21 (94.43) Commodities Brent Crude (ICE) up +0.06 at 109.75 Light Crude (Nymex) up +0.18 at 96.76 100 Oz Gold (Comex) down -3.40 at 1,603 |