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Financial Times
beyondbrics



London headlines

* Russia's bank chief warns on economy

* Egypt in spat with US over embassy tweet

* Jailed Ukrainian politician loses appeal

* More than 30 die in Argentine floods

* Brics turn film market on its head

* Mitsubishi-Areva wins Turkey nuclear deal

* Ikea in China: turning gawkers into consumers

* Banco do Brasil eyes $6bn spinoff. Can it be done?

Markets: down

Russia's bank chief warns on economy
A sharp slowdown in economic growth in the first two months of 2013 is "causing serious concerns", according to the outgoing head of Russia's central bank, who said he "did not exclude" lowering interest rates if inflation targets were met.
http://on.ft.com/14P8RZx

Egypt in spat with US over embassy tweet
A retweet of a link to a television segment has turned into a relatively high-profile diplomatic spat between Egypt and its primary western benefactor, the US, in a case that underscores the perils of social media.
http://on.ft.com/17dI4FE

Jailed Ukrainian politician loses appeal
A Ukrainian high court on Wednesday upheld the conviction of jailed opposition politician Yury Lutsenko, stoking tensions with the EU over alleged political persecutions and jeopardising Kiev's chances of forging closer relations with the bloc.
http://on.ft.com/10bJ1KY

More than 30 die in Argentine floods
Argentina's capital was hit by the worst rains in 106 years and the nearby city of La Plata suffered unprecedented floods in aclimate catastrophe that claimed at least 33 lives and sparked bitter political sniping over who was to blame.
http://on.ft.com/10bIB7c

Brics turn film market on its head
Rapid growth in box office takings from Brazil, Russia, India and China has "flipped" the film market, focusing US filmmakers and distributors on international opportunities and creating a bigger US market for foreign films, according to Imax, the Canadian cinema group.
http://on.ft.com/14EXyTB

Mitsubishi-Areva wins Turkey nuclear deal
Japan's Mitsubishi Heavy Industries and France's Areva have won an order to build Turkey's second nuclear power plant – a project that is expected to cost some $22bn, the Nikkei business daily said on Thursday, citing Japanese and Turkish sources.
http://on.ft.com/ZaQwF3

Ikea in China: turning gawkers into consumers
Ikea's flagship store in Beijing is among the group's most heavily trafficked in the world – with more than six million visitors in 2011. But how much time and effort does it take to translate those visits into sales?
http://on.ft.com/17dlGw5

Banco do Brasil eyes $6bn spinoff. Can it be done?
On Wednesday, Banco Do Brasil, Latin America's largest bank by assets, said it was seeking to raise as much as R$12.15bn ($6bn) from the spinoff of its insurance and pension unit, BB Seguridade.
http://on.ft.com/10rAGlZ

Emerging Markets
MSCI Emerging Market Index down -0.54% at 1,019

Americas
DJIA down -0.76% at 14,550
S&P 500 down -1.05% at 1,554
Bovespa up +1.23% at 55,563

Asia
Nikkei 225 down -1.76% at 12,145
Topix down -1.21% at 998.19
Hang Seng down -0.14% at 22,337
Shanghai Composite down -0.11% at 2,225
MSCI Asia ex-Japan down -0.66% at 538.35
S&P CNX Nifty Index down -0.85% at 5,625

Currencies
€/$ 1.28 (1.28)
$/¥ 93.04 (92.93)

Commodities
Brent Crude (ICE) up +0.43 at 107.54
Light Crude (Nymex) up +0.05 at 94.50
100 Oz Gold (Comex) down -8.50 at 1,544

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