| * China confirms more bird flu cases * Malaysia: investors' election nerves * N Korea blocks entry to border complex * Putin decree targets elite's foreign assets * Argentina's creditors face deal deadline * India benefits from Japan Inc shift * Singh tells Indian industry to drop gloom * Stocks fall on caution over US recovery * Ambani brothers strike telecoms deal * China's ICBC to buy Taiwan bank stake * Invest in Africa reviews Sunderland deal Markets: mostly down China confirms more bird flu cases Chinese authorities have confirmed four new cases of a deadly new strain of bird flu, raising questions over whether a new flu pandemic could be emerging in eastern China. http://on.ft.com/13QccrJ Malaysia: investors' election nerves On Wednesday morning Malaysian prime minister Najib Razak dissolved parliament in preparation for a general election. For investors, it is likely to be the most closely fought race in the country's democratic history, and nerves about the pending election have been clear in both the debt and equity markets for some time. http://on.ft.com/17cm3af N Korea blocks entry to border complex North Korea on Wednesday blocked South Korean workers from entering a joint industrial complex in Kaesong, raising the prospect that the communist state may follow through on its threat to shut down the sole remaining inter-Korean economic project. http://on.ft.com/17cverd Putin decree targets elite's foreign assets Vladimir Putin, the Russian president, has moved to inject some moral fibre into the country's top-level bureaucrats and state employees by giving them a three-month deadline to close their foreign bank accounts and divest themselves of offshore assets – or face the sack. http://on.ft.com/11iflwQ Argentina's creditors face deal deadline A US appeals court has given Argentina's holdout creditors until April 22 to respond to the country's proposal to offer them a new debt swap instead of paying $1.33bn as a New York judge ordered last year. http://on.ft.com/XIOWs5 India benefits from Japan Inc shift As Indian finance minister Palaniappan Chidambaram wraps up an investment promotion trip to Tokyo on Wednesday, he has reason to hope that corporate Japan will send more money his way. http://on.ft.com/Yv0DSC Singh tells Indian industry to drop gloom Prime Minister Manmohan Singh has accused India's industrialists of being "unduly pessimistic" about the country's prospects, and appealed to them to "keep faith" in his government's efforts to reform the decelerating economy. http://on.ft.com/10wDbCw Stocks fall on caution over US recovery Wednesday 10.10 BST. European stock markets followed Asian exchanges lower on Wednesday, paring some of the gains made in a surprisingly buoyant, data-defying performance the previous day, but futures indicate the US markets will climb again on opening. http://on.ft.com/16v3MUh Ambani brothers strike telecoms deal The telecoms arms of Indian billionaire brothers Mukesh and Anil Ambani have struck an alliance that provides the clearest evidence yet of a rapprochement in one of Asia's most high-profile corporate family feuds. http://on.ft.com/14BZbBh China's ICBC to buy Taiwan bank stake China's ICBC bank has announced plans to buy a 20 per cent stake in one of Taiwan's biggest banks, the first significant proposed investment by a mainland buyer into a Taiwanese financial group. http://on.ft.com/XJ2KTk Invest in Africa reviews Sunderland deal Invest in Africa, the not-for-profit initiative which promotes the continent as an investment destination, said on Tuesday it was reviewing its partnership with Sunderland Association Football Club. http://on.ft.com/XHnMSm Emerging Markets MSCI Emerging Market Index down -0.33% at 1,026 Europe FTSE up -0.43% at 6,463 RTS down -0.82% at 1,428 Warsaw Wig down -0.54% at 45,058 FTSE 300 Eurotop down -0.04% at 1,203 Americas DJIA up +0.61% at 14,662 S&P 500 up +0.52% at 1,570 Bovespa down -1.81% at 54,889 Asia Nikkei 225 up +2.99% at 12,362 Topix up +1.93% at 1,010 Hang Seng down -0.14% at 22,337 Shanghai Composite down -0.11% at 2,225 MSCI Asia ex-Japan down -0.13% at 473.16 S&P CNX Nifty Index down -1.31% at 5,673 Currencies €/$ 1.28 (1.28) $/¥ 93.59 (93.42) Commodities Brent Crude (ICE) down -0.66 at 110.03 Light Crude (Nymex) down -0.45 at 96.74 100 Oz Gold (Comex) down -7.50 at 1,568 |