| * Tough quarter at Petrobras as output falls * IMF warns over strong capital inflows into Asia * Zambia cracks down on miners over tax * Nairobi County Governor Kidero Seeks Funds to Exit Debt Hole * Baidu Valuation Sinks as Ad Sales Slow: China Overnight * Hong Kong Peg to Yuan Is Still 'Many Years' Off, Greenwood Says * VTB Said to Draw Norway, Qatar Wealth to $3.3 Billion Share Sale * Zimbabwe unlikely to seize mine stakes: Mwana CEO * South Africa police investigate PetroSA over alleged graft * Bangladesh factory owner arrested Markets: up Tough quarter at Petrobras as output falls
Petrobras, the Brazilian national oil company, has reported lower net profit in its first quarter as production fell and imports of fuel rose.
http://on.ft.com/129tDgh IMF warns over strong capital inflows into Asia
Strong capital inflows into Asia have increased the risks stemming from rapid credit growth and rising asset prices, the International Monetary Fund said on Monday. http://on.ft.com/13FkuPd Zambia cracks down on miners over tax
Zambia plans to force companies to repatriate foreign currency earned from exports back to the southern African nation as part of an effort to crack down on tax avoidance, particularly in mining.
http://on.ft.com/12ETcbM Nairobi County Governor Kidero Seeks Funds to Exit Debt Hole
Kenya's Nairobi county will tap commercial lenders and the World Bank for loans and may sell municipal bonds to finance plans for urban renewal and repay "monster" debt, Governor Evans Kidero said.
http://bloom.bg/13Exc0x Baidu Valuation Sinks as Ad Sales Slow: China Overnight
Baidu Inc. (BIDU) is trading more than 50 percent below its average valuation over the past five years as the Chinese Internet company struggles to diversify while maintaining profit growth amid a slowdown in advertising.
http://bloom.bg/ZbfKO6 Hong Kong Peg to Yuan Is Still 'Many Years' Off, Greenwood Says
Hong Kong's dollar peg shields the local economy from external shocks and it will be "many years" before a switch to a yuan link can be considered, according to John Greenwood, architect of the city's exchange-rate system.
http://bloom.bg/ZeCJaX VTB Said to Draw Norway, Qatar Wealth to $3.3 Billion Share Sale
VTB Group (VTBR), Russia's second-largest lender, received enough orders from investors including sovereign wealth funds in Norway and Azerbaijan to cover a $3.3 billion share sale, said a person with knowledge of the matter.
http://bloom.bg/10lDEFG Zimbabwe unlikely to seize mine stakes: Mwana CEO
Fears that Zimbabwe's government will strip foreign mines of half their assets without compensation are unfounded, according to Kalaa Mpinga, chief executive of Mwana (MWA.L), which has gold and nickel operations there.
http://reut.rs/11I18c3 South Africa police investigate PetroSA over alleged graft
South Africa's police anti-corruption unit said on Friday it had opened an investigation at state oil company PetroSA, which reported "deviations" in financial procedures that a newspaper said involved millions of dollars of irregular payments.
http://reut.rs/14Vc2zP Bangladesh factory owner arrested
The owner of a Bangladeshi factory that collapsed leaving nearly 400 dead was arrested on Sunday as he tried to leave the country and cross into India.
http://on.ft.com/13DLXk8 Emerging Markets
MSCI Emerging Market Index up +0.23% at 1,025 Europe
FTSE down +0.05% at 6,430
RTS up +0.16% at 1,384
Warsaw Wig up +0.47% at 43,871
FTSE 300 Eurotop up +0.16% at 1,198 Americas
DJIA up +0.08% at 14,713
S&P 500 up +0.20% at 1,582
Bovespa down -1.29% at 54,252 Asia
Nikkei 225 down -0.30% at 13,884
Topix down -0.99% at 1,161
Hang Seng up +0.15% at 22,581
Shanghai Composite down -0.97% at 2,178
MSCI Asia ex-Japan up +0.25% at 475.85
CNX Nifty up +0.63% at 5,908 Currencies
€/$ 1.31 (1.30)
$/¥ 97.75 (98.06) Commodities
Brent Crude (ICE) down -0.10 at 103.06
Light Crude (Nymex) up +0.21 at 93.21
100 Oz Gold (Comex) up +19.90 at 1,474 | 
