| * Indonesia borrows $3bn at record low cost * N Korea urges foreigners to leave Seoul * Chinese inflation slows sharply in March * Thai baht: gone too far? * TCS finds a tasty French deal * Sundance calls off takeover by Hanlong * Hungarian central banker resigns * Putin's Europe tour dogged by protests * People's Daily lauds Iron Lady Markets: up Indonesia borrows $3bn at record low cost Indonesia's conventional borrowing costs have hit a record low after the country raised $3bn in dollar bonds amid strong demand from US investors. http://on.ft.com/Z5d7jF N Korea urges foreigners to leave Seoul North Korea has urged foreigners in South Korea to leave the country to ensure their safety in the case of war, as tensions escalate on the Korean peninsula. http://on.ft.com/12CmP0B Chinese inflation slows sharply in March Chinese inflation slowed sharply in March as food prices fell in the wake of the country's New Year holiday and the central bank drained cash from the economy. http://on.ft.com/12BDHo9 Thai baht: gone too far? The Thai baht hit a 16-year record on Tuesday, appreciating another 0.8 per cent and falling below 29 to the dollar for the first time since the Asian financial crisis of 1997. http://on.ft.com/17oeb5M TCS finds a tasty French deal It may be only $97m. But it's the biggest deal that India's Tata Consultancy Services, has ever struck in mainland Europe. http://on.ft.com/10Ow5KM Sundance calls off takeover by Hanlong The protracted A$1.4bn (US$1.45bn) takeover tussle for Sundance Resources has finally come to an end, with the Australian-listed junior miner calling off its deal to sell itself to Hanlong Mining after the Chinese company missed funding deadlines. http://on.ft.com/14TyEzx Hungarian central banker resigns A deputy governor of Hungary's central bank resigned on Monday, warning that the bank's new management team had insufficient qualifications and experience for the job. http://on.ft.com/10Oa3FM Putin's Europe tour dogged by protests Russian president Vladimir Putin's tour through northern Germany and the Netherlands on Monday produced the expected celebrations of bilateral commercial relations, along with several provocative human-rights protests. http://on.ft.com/10OeEJB People's Daily lauds Iron Lady Margaret Thatcher, who died on Monday, was more popular abroad than she was at home – and the emerging markets were no exception. Beijing had a particularly soft spot for her after she agreed to hand back Hong Kong to China without much fuss under the 1984 Sino-British joint declaration. http://on.ft.com/10NIWwQ Emerging Markets MSCI Emerging Market Index up +0.42% at 1,011 Europe FTSE up +0.40% at 6,302 RTS up +1.51% at 1,441 Warsaw Wig up +0.16% at 44,662 FTSE 300 Eurotop up +0.29% at 1,168 Americas DJIA up +0.33% at 14,613 S&P 500 up +0.63% at 1,563 Bovespa up +0.08% at 55,092 Asia Nikkei 225 down 0.00% at 13,192 Topix up +0.03% at 1,102 Hang Seng up +0.70% at 21,870 Shanghai Composite up +0.64% at 2,226 MSCI Asia ex-Japan up +0.46% at 459.87 S&P CNX Nifty Index down -0.86% at 5,495 Currencies €/$ 1.30 (1.30) $/¥ 98.85 (99.35) Commodities Brent Crude (ICE) up +0.50 at 105.16 Light Crude (Nymex) up +0.24 at 93.60 100 Oz Gold (Comex) up +0.20 at 1,572 |