| * Rio misses out on FTSE rally amid Australia mine expansion concern * Chinese austerity hits Diageo's sales * Internet sales flourish in Nigeria * China on track to overtake US in non-financial corporate debt * Russia arrests US diplomat it claims was recruiting for CIA * Langfang: China's cloud computing hub * Rusal increases profits amid falling aluminium prices * South Africa mines prepare to enter an unlit pit of wage talks Markets: mostly up Rio misses out on FTSE rally amid Australia mine expansion concern
Rio Tinto was among the fallers on Tuesday as miners were left behind in the FTSE 100's rally to another five-and-a-half year high.
http://www.ft.com/cms/s/0/4370bffe-bcba-11e2-b344-00144feab7de.html Chinese austerity hits Diageo's sales
Sales of Diageo's baijiu, a clear grain spirit popular in China, slumped 40 per cent in the first quarter of this year as the world's biggest distiller became the latest casualty of China's crackdown on conspicuous consumption.
http://on.ft.com/10WV1Na Internet sales flourish in Nigeria
Mary Enweasor, who runs a tiny shop selling drinks and snacks in Nigeria's biggest city, had saved up for some new shoes but was unsure where to buy them. The quality of footwear in Lagos's sprawling markets was questionable. The door-to-door sales lady's range was limited. The flashy new mall was too expensive.
http://on.ft.com/12xcXRI China on track to overtake US in non-financial corporate debt
China is forecast to surpass the US as the world's largest corporate debt market for non-financial companies in the next two years, according to a report from Standard & Poor's.
http://on.ft.com/11CoZ0t Russia arrests US diplomat it claims was recruiting for CIA
Blond wig drooping as he was marched to a waiting secret police car, a US embassy diplomat in Moscow was detained early on Tuesday morning in what is perhaps the strangest spy scandal since MI6 planted a "spy rock" in a Moscow park in 2006.
http://on.ft.com/13vnXBn Langfang: China's cloud computing hub
Langfang, a small inland city in Hebei province, is emerging as an information technology services hub in northern China, with a large number of big data centres.
http://on.ft.com/18ImXMn Rusal increases profits amid falling aluminium prices
Oleg Deripaska's Rusal on Tuesday reported a better than expected net profit of $52m, yet concerns remain about the company's recovery following a sharp decline in aluminium prices.
http://on.ft.com/YULlZn South Africa mines prepare to enter an unlit pit of wage talks
Less than a year after South Africa's mining sector was hit by a wave of violent wildcat strikes, mining companies are preparing to head into uncharted territory as the industry readies itself for two-yearly wage negotiations in a volatile and unpredictable environment.
http://on.ft.com/10Lj7QU Emerging Markets
MSCI Emerging Market Index down -0.05% at 1,046 Americas
DJIA up +0.82% at 15,215
S&P 500 up +1.01% at 1,650
Bovespa up +0.40% at 54,667 Asia
Nikkei 225 up +1.85% at 15,032
Topix up +1.72% at 1,252
Hang Seng up +0.51% at 23,046
Shanghai Composite down -0.11% at 2,215
MSCI Asia ex-Japan up +0.22% at 558.21
CNX Nifty up +1.16% at 6,065 Currencies
€/$ 1.29 (1.29)
$/¥ 102.13 (102.38) Commodities
Brent Crude (ICE) up +0.08 at 102.68
Light Crude (Nymex) up +0.08 at 94.29
100 Oz Gold (Comex) up +0.50 at 1,425 | 
