| * Chinese car market recovery continues * KRG to train Syrian Kurds to stop extremists gaining ground * Annan report blasts ENRC for costing Congo $725m * Brazil's Itaú BBA wins backing for green push * China calls for closer negotiations on solar panel tariffs * Nigeria signs up MasterCard to make dual-purpose identity card Markets: mostly down Chinese car market recovery continues China's car market, the largest in the world, continued its strong recovery as light vehicle sales rose 13 per cent year on year by volume in April, despite weakening growth in the Chinese economy. http://on.ft.com/10mdgvs KRG to train Syrian Kurds to stop extremists gaining ground The Kurdish Regional Government in Iraq is to train Syrian Kurds as part of efforts to stop extremist groups from gaining ground in their territory as fighting in the two-year-old conflict intensifies, Nechirvan Barzani, KRG prime minister, has said. http://on.ft.com/12hzoLL Annan report blasts ENRC for costing Congo $725m Deals cut by Eurasian Natural Resources Corp, the FTSE 100 miner, have been lambasted for "opaque concession trading" costing the Democratic Republic of Congo $725m, in a hard-hitting report on Friday by Kofi Annan's Africa Progress Panel. http://on.ft.com/YItiFW Brazil's Itaú BBA wins backing for green push Germany's Commerzbank and the Inter-American Development Bank (IDB) have agreed to extend a $200m credit line to Brazil's biggest bank to help finance a growing number of green energy projects in the region. http://on.ft.com/10mdqmE China calls for closer negotiations on solar panel tariffs China has called for closer negotiations with Europe over proposed solar panel tariffs after the European Commission agreed to levy tariffs averaging 47 per cent on Chinese made solar panels. http://on.ft.com/10mdwL3 Nigeria signs up MasterCard to make dual-purpose identity card MasterCard is teaming up with the Nigerian authorities to launch identity cards that will double up as electronic payment cards. http://on.ft.com/ZRVjJO Emerging Markets MSCI Emerging Market Index down -0.64% at 1,054 Americas DJIA down -0.15% at 15,083 S&P 500 down -0.37% at 1,627 Bovespa down -0.64% at 55,448 Asia Nikkei 225 up +2.90% at 14,603 Topix up +2.35% at 1,210 Hang Seng down -0.16% at 23,174 Shanghai Composite up +0.05% at 2,234 MSCI Asia ex-Japan down -0.77% at 560.26 CNX Nifty up +0.36% at 6,072 Currencies €/$ 1.30 (1.30) $/¥ 100.93 (100.59) Commodities Brent Crude (ICE) down -0.24 at 104.23 Light Crude (Nymex) down -0.25 at 96.14 100 Oz Gold (Comex) down -12.10 at 1,457 |