| * Pakistan market soars on Sharif win * Malaysian builder MMC postpones share listing of power unit * China's recovery is "painfully slow" * China banks rein in support for North Korea * Singh's Resignation Sought by Indian Opposition Parties * Filipinos Vote for Senate as Aquino Pushes Anti-Graft Moves * Legal sanctions force Chevron into Argentina rethink * Tunisia cracks down on Ansar al-sharia militants after clashes * LK Bennett set to dip toe in Asia * China: inequality in death, as well as life * Malaysia to unleash up to $2.6bn in IPOs * India's Axis Bank cleared to open first China branch Markets: mixed Pakistan market soars on Sharif win
With a 17 per cent rally this year in the Pakistan stock market driven largely by hopes of a Nawaz Sharif election win, it might have seemed that his apparent victory was in already in the price. But investors clearly believe there is still a little more juice the engine.
http://blogs.ft.com/beyond-brics/2013/05/13/pakistan-market-soars-on-sharif-win/ Malaysian builder MMC postpones share listing of power unit
KUALA LUMPUR, May 13 – Malaysian construction and power firm MMC Corp has postponed the share listing of its Malakoff power arm until the first half of next year, citing delays caused by maintenance works.
http://on.ft.com/12ocXoj China's recovery is "painfully slow"
Official figures released on Monday showed that China's economy is not getting worse – industrial production rose a touch, as did retail sales. Fixed asset investment fell slightly, but stayed above 20 per cent year on year growth.
http://on.ft.com/13T5M7T China banks rein in support for North Korea
Top Chinese banks have halted most dealings with North Korea, an unprecedented move to use financial leverage against Pyongyang that reflects Beijing's exasperation with Kim Jong-eun's regime.
http://on.ft.com/13TrKYj Singh's Resignation Sought by Indian Opposition Parties
India's main opposition party stepped up pressure on Prime Minister Manmohan Singh to resign, with protests outside his home after he sought to end a political crisis by firing two ministers over graft allegations.
http://bloom.bg/12nu0Xz Filipinos Vote for Senate as Aquino Pushes Anti-Graft Moves
President Benigno Aquino is seeking to bolster his support in the Senate as Filipinos vote in elections today, as he looks to expand an anti-corruption drive in the second half of his term.
http://bloom.bg/14fsOW4 Legal sanctions force Chevron into Argentina rethink
Chevron has been forced to retool a partnership to develop massive shale oil reserves in Argentina because of legal sanctions in Ecuador.
http://on.ft.com/124E4D0 Tunisia cracks down on Ansar al-sharia militants after clashes
Tunisia's moderate Islamist government has launched a crackdown on the activities of a hardline militant group suspected of participating in an attack on the US embassy in the country's capital last year.
http://on.ft.com/12nBmKv LK Bennett set to dip toe in Asia
British luxury fashion group LK Bennett is looking to Hong Kong and Australia for further growth after pre-tax profits at the group almost doubled in its latest annual accounts.
http://on.ft.com/124EcCk China: inequality in death, as well as life
The news that Guangzhou is to start building a costly cemetery exclusively for revolutionary heroes and government officials this October has stirred up something of an online controversy.
http://on.ft.com/13NbtEp Malaysia to unleash up to $2.6bn in IPOs
The return to power of Malaysia's ruling political coalition is set to unleash up to $2.6bn in initial public offerings over the next six months, as deals that had been put on ice amid months of pre-election uncertainty are revived, bankers said.
http://on.ft.com/YCOYRp India's Axis Bank cleared to open first China branch
Axis Bank, India's third-largest private sector bank, is set to open its first branch in China within the next three months, the latest indication of closer financial links between Asia's two largest emerging economies.
http://on.ft.com/YO1HmF Emerging Markets
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