| * Lebanon chooses Salam as prime minister * China clears renminbi-Aussie direct trading * Seoul on alert over North Korea threat * Kerry urges Turkey-Israel to restore ties * SouthWest eyes east Africa oil boom * Chinese thirst for formula spurs rationing * Indonesia moves to outlaw black magic Markets: mixed Lebanon chooses Salam as prime minister
Lebanon's prime minister-designate begins the difficult task of forming a national unity government, after warring political factions put aside their differences and agreed on his appointment.
http://on.ft.com/10GARIY China clears renminbi-Aussie direct trading
Direct currency trading between the Australian dollar and the renminbi will begin this week, Australian prime minister Julia Gillard said on Monday. The Australian dollar will become only the third currency to trade directly with the Chinese currency, alongside the US dollar and the Japanese yen, after ANZ and Westpac were given trading clearance by the Chinese central bank.
http://on.ft.com/Zhc5x5 Seoul on alert over North Korea threat
The crisis over North Korean belligerence deepened on Sunday as officials in Washington and Seoul warned that Pyongyang could act on its threats to launch a missile this week, ahead of the anniversary of founding president Kim Il-sung's birthday on April 15.
http://on.ft.com/14Pm4RO Kerry urges Turkey-Israel to restore ties
John Kerry, US secretary of state, has said it is "imperative" that Turkey and Israel restore normal diplomatic ties, in a sign of Washington's concern that the US-brokered reconciliation between the two neighbours stays on course.
http://on.ft.com/ZaZOuJ SouthWest eyes east Africa oil boom
SouthWest Energy of Ethiopia aims to be the latest company to profit from east Africa's oil and gas exploration boom after securing encouraging third-party estimates for the amount of oil contained in its licences across the country.
http://on.ft.com/XmcUYP Chinese thirst for formula spurs rationing
Supermarkets as far afield as the UK and Australia have been forced to ration infant formula due to rampant Chinese demand for foreign-made baby milk. Mainland Chinese buyers have been snapping up cans of formula across the globe following safety scandals in the domestic market, starting with the melamine-spiked milk of 2008 that killed six babies and left 300,000 sick.
http://on.ft.com/16GqKrF Indonesia moves to outlaw black magic
He claims to have overcome evil spirits, helped hundreds of politicians and businessmen to kill their rivals and even put a curse on George W. Bush when the US president visited Indonesia. But now Iman Santoso, one of Indonesia's best-known warlocks, has a real world problem he may not be able to solve so easily: an attempt by Indonesia's parliament to outlaw black magic.
http://on.ft.com/10ueyrE Emerging Markets
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