| * China: weak exports hit manufacturers * ENRC faced 11th-hour hitch over listing * Mexico telecom bill passes Senate * Slovenia downgraded to junk by Moody's * South Africa attacks UK decision to end development aid * Surgutneftegaz reveals $15bn of treasury shares missing from books * AB InBev: losing its fizz in Brazil * Heritage Oil defends $850m Nigerian investment * Itaú Unibanco beats profit estimates * Obama's Mexico visit to bolster trade ties * Gazprom profits slide 10% on lower gas sales Markets: mixed China: weak exports hit manufacturers Chinese manufacturing growth saw a surprise slowdown in April, with the official purchasing managers' index (PMI) falling to 50.6 from March 50.9. Economists polled by Reuters had forecast an increase to 51.0. http://on.ft.com/12SuEfE ENRC faced 11th-hour hitch over listing The controversial London flotation of Eurasian Natural Resources Corporation in 2007 faced an 11th hour hurdle after lawyers and auditors found evidence that financial records at the Kazakhstan-based miner had been falsified or destroyed, according to people familiar with the matter. http://on.ft.com/13K17EL Mexico telecom bill passes Senate President Enrique Peña Nieto's efforts to establish fair play in Mexico's telecommunications industry passed a milestone on Tuesday when the country's Senate overwhelmingly approved a bill that had already cleared the Chamber of Deputies lower house. http://on.ft.com/16l6E8S Slovenia downgraded to junk by Moody's Slovenia's credit rating was on Tuesday downgraded to junk by Moody's rating agency, forcing the tiny eurozone state, which is battling to avoid an emergency bail out, to stall plans for raising debt in US dollar markets. http://on.ft.com/18aX0Vr South Africa attacks UK decision to end development aid South Africa has criticised the UK's decision to end its multimillion-pound development programme in the African nation from 2015, saying the move was "tantamount to redefining our relationship". http://on.ft.com/YbseYD Surgutneftegaz reveals $15bn of treasury shares missing from books Treasury shares worth $15bn that formerly belonged to Surgutneftegas have disappeared from the books of the Russian oil company, which reported annual results to International Financial Reporting Standards for the first time in 11 years on Tuesday. http://on.ft.com/11yObzI AB InBev: losing its fizz in Brazil Brazilians must be broke – they've even stopped drinking beer, it seems. Anheuser-Busch InBev on Tuesday blamed disappointing profits in the first quarter on lower been volumes both in the US and Brazil. Total volumes fell 4.1 per cent after a hefty 8.2 per cent drop in beer volumes in the Latin American country. http://on.ft.com/12RIxdK Heritage Oil defends $850m Nigerian investment Heritage Oil insisted that its $850m investment in a batch of Nigerian oilfields remained well positioned to reap dividends in spite of output falls caused by strike action and equipment failure. http://on.ft.com/12jBvMj Itaú Unibanco beats profit estimates Itaú Unibanco, Latin America's biggest lender by market value, beat profit estimates in the first quarter after the bank reduced its exposure to bad loans and cut costs to protect itself from the sector's recent downturn. http://on.ft.com/YcF4pr Obama's Mexico visit to bolster trade ties The US and Mexico will use a visit by President Barack Obama on Thursday to deepen trade and energy ties while downplaying the drugs trade and chilling violence that have dominated relations in recent years. http://on.ft.com/101ve7e Gazprom profits slide 10% on lower gas sales Gazprom's net profit fell 10 per cent last year to $38.2bn, amid declining gas sales and one-time payments to consumers. http://on.ft.com/101eWue Emerging Markets MSCI Emerging Market Index up +0.03% at 1,040 Europe FTSE down +0.56% at 6,466 RTS down -0.24% at 1,404 Warsaw Wig up +0.64% at 44,162 FTSE 300 Eurotop up +0.18% at 1,203 Americas DJIA up +0.14% at 14,840 S&P 500 up +0.25% at 1,598 Bovespa up +1.86% at 55,910 Asia Nikkei 225 down -0.44% at 13,799 Topix down -0.58% at 1,158 Hang Seng up +0.69% at 22,737 Shanghai Composite down -0.97% at 2,178 MSCI Asia ex-Japan up +0.06% at 484.21 CNX Nifty up +0.44% at 5,930 Currencies €/$ 1.32 (1.32) $/¥ 97.62 (97.41) Commodities Brent Crude (ICE) down -1.59 at 100.78 Light Crude (Nymex) down -1.04 at 92.42 100 Oz Gold (Comex) down -4.20 at 1,468 |