| * China: weak exports hit manufacturers * Mexican telecom bill passes senate * Surgutneftegaz reveals $15bn of treasury shares missing from books
* AB InBev: losing its fizz in Brazil * Heritage Oil defends $850m Nigerian investment * Itaú Unibanco beats profit estimates * Obama's Mexico visit to bolster trade ties * Asian hedge fund rides African rollercoaster * S Africa attacks UK decision to end development programme * Gazprom profits slide 10% on lower gas sales Markets: mixed China: weak exports hit manufacturers
Chinese manufacturing growth saw a surprise slowdown in April, with the official purchasing managers' index (PMI) falling to 50.6 from March 50.9. Economists polled by Reuters had forecast an increase to 51.0.
http://on.ft.com/12SuEfE Mexican telecom bill passes senate
President Enrique Peña Nieto's efforts to establish fair play in Mexico's telecommunications industry passed a milestone on Tuesday when the country's Senate overwhelmingly approved a bill that had already cleared the Chamber of Deputies lower house.
http://on.ft.com/16l6E8S Surgutneftegaz reveals $15bn of treasury shares missing from books
Treasury shares worth $15bn that formerly belonged to Surgutneftegas have disappeared from the books of the Russian oil company, which reported annual results to International Financial Reporting Standards for the first time in 11 years on Tuesday.
http://on.ft.com/11yObzI AB InBev: losing its fizz in Brazil
Brazilians must be broke - they've even stopped drinking beer, it seems. Anheuser-Busch InBev on Tuesday blamed disappointing profits in the first quarter on lower been volumes both in the US and Brazil. Total volumes fell 4.1 per cent after a hefty 8.2 per cent drop in beer volumes in the Latin American country.
http://on.ft.com/12RIxdK Heritage Oil defends $850m Nigerian investment
Heritage Oil insisted that its $850m investment in a batch of Nigerian oilfields remained well positioned to reap dividends in spite of output falls caused by strike action and equipment failure.
http://on.ft.com/12jBvMj Itaú Unibanco beats profit estimates
Itaú Unibanco, Latin America's biggest lender by market value, beat profit estimates in the first quarter after the bank reduced its exposure to bad loans and cut costs to protect itself from the sector's recent downturn.
http://on.ft.com/YcF4pr Obama's Mexico visit to bolster trade ties
The US and Mexico will use a visit by President Barack Obama on Thursday to deepen trade and energy ties while downplaying the drugs trade and chilling violence that have dominated relations in recent years.
http://on.ft.com/101ve7e Asian hedge fund rides African rollercoaster
When China's newly installed president Xi Jinping visited the Republic of Congo in March, nobody analysed the official statements from the trip more carefully than Nick Taylor, founder of one of the largest hedge funds in Asia. He was particularly heartened by a statement pledging joint co-operation between the two countries.
http://on.ft.com/13JYiU5 S Africa attacks UK decision to end development programme
South Africa has criticised the UK's decision to end its multimillion-pound development programme in the African nation from 2015, saying the move was "tantamount to redefining our relationship".
http://on.ft.com/YbseYD Gazprom profits slide 10% on lower gas sales
Gazprom's net profit fell 10 per cent last year to $38.2bn, amid declining gas sales and one-time payments to consumers.
http://on.ft.com/101eWue Emerging Markets
MSCI Emerging Market Index down -0.03% at 1,039 Americas
DJIA up +0.14% at 14,840
S&P 500 up +0.25% at 1,598
Bovespa up +1.86% at 55,910 Asia
Nikkei 225 down -0.36% at 13,812
Topix down -0.51% at 1,159
Hang Seng up +0.69% at 22,737
Shanghai Composite down -0.97% at 2,178
MSCI Asia ex-Japan up +0.04% at 552.65
CNX Nifty up +0.44% at 5,930 Currencies
€/$ 1.32 (1.32)
$/¥ 97.31 (97.41) Commodities
Brent Crude (ICE) down -0.92 at 101.45
Light Crude (Nymex) down -0.43 at 93.03
100 Oz Gold (Comex) up +2.40 at 1,475 | 
