| * BoJ governor Haruhiko Kuroda promises to stabilise bond market * G8 and G20 focus on tackling tax avoidance * China clears Boeing's Dreamliner for commercial domestic flights * Pakistan seeks $4bn-$5bn loan from Saudi Arabia * China's Stocks Rise After Biggest Slump in a Month * Russia Approves Subsidy Program to Boost Renewable-Energy Output * Bangladesh factory probe uncovers construction violations * Russia's top social network blacklisted by regulator * Vedanta sells India's largest ever offshore bond * Chinese solar companies seek EU and US tariff deals * Petrobras looks to issue bonds in euros * China factory data to test political calculations * Peru warns of economic downturn * Securities brokerages at centre of China regulator's crackdown * Zimbabwe: exchange plans IPO to draw in foreign investors * Tata Steel reports $1.3bn full-year loss from European weakness * India's Ranbaxy: another can of worms Markets: mostly up BoJ governor Haruhiko Kuroda promises to stabilise bond market Haruhiko Kuroda vowed on Friday to do more to steady Japan's bond market, as another rocky day's trading cast doubt over the effectiveness of the across-the-board effort to reflate the world's third-largest-economy. http://on.ft.com/18n9CIn G8 and G20 focus on tackling avoidance The US Senate's probe of Apple's tax affairs this week injected renewed urgency into the global effort to crack down on aggressive tax avoidance, which will feature high on the agenda of the G8 summit meeting in Northern Ireland next month. http://on.ft.com/14VLWsE China clears Boeing's Dreamliner for commercial domestic flights China has cleared the 787 Dreamliner for commercial flight for the first time, giving Boeing a boost as its prized, but problem-hit, jet gets back into regular service.The Civil Aviation Administration of China announced late on Thursday that it had certified the 787, paving the way for domestic airlines to start taking deliveries. http://on.ft.com/18n4jIY Pakistan seeks $4bn-$5bn loan from Saudi Arabia The incoming government of newly elected Nawaz Sharif is seeking a soft loan from Saudi Arabia of $4bn-$5bn to avert a balance of payments crisis and boost electricity supplies, while Pakistan agrees a new programme with the International Monetary Fund. http://on.ft.com/18n4y6 China's Stocks Rise After Biggest Slump in a Month China's stocks rose, lifting the Shanghai Composite Index (SHCOMP) from its biggest slump in a month, as gains by health-care and technology stocks overshadowed losses among property developers. http://bloom.bg/18mifmu Russia Approves Subsidy Program to Boost Renewable-Energy Output Russia approved an incentive program to boost renewable-energy production, targeting almost 6 gigawatts of new capacity by 2020 and its first solar parks. http://bloom.bg/14XX34g Bangladesh factory probe uncovers construction violations A government investigation found poor quality construction materials and building code violations were among the "series of irregularities'' that caused the collapse of a building housing garment factories last month in Bangladesh, the committee head said on Thursday. http://on.ft.com/11eP26u Russia's top social network blacklisted by regulator Russia's top online social network was banned on Friday from distributing content across the country, raising concerns of a clampdown on a forum used by President Vladimir Putin's opponents to organise protests. http://reut.rs/12352jM Vedanta sells India's largest ever offshore bond Vedanta has sold India's largest-ever offshore bond, raising $1.7bn from mostly US and European investors, joining domestic peers in catching the flood of US dollars being unleashed by central banks. http://on.ft.com/120CLdG Chinese solar companies seek EU and US tariff deals Chinese solar-panel makers are seeking separate trade settlements with the US and the EU to avoid steep tariffs in their biggest markets. http://on.ft.com/121Y1zx Petrobras looks to issue bonds in euros Petrobras is looking to sell bonds in euros this year after being taken by surprise by the immense demand from investors for its $11bn offering last week, the largest corporate debt sale from an emerging market on record. http://on.ft.com/10VWV1S China factory data to test political calculations According to China's political calendar, big decisions about economic policy this year are supposed to wait until the autumn, when a major meeting of the Communist party brings together the country's top leaders. http://on.ft.com/12wjsUl Peru warns of economic downturn Peru's stellar economic growth is facing a downward correction amid the end of the commodities supercycle and a slowdown in top trade partner China, according to Luis Miguel Castilla, the country's finance minister. http://on.ft.com/10WrKDG Securities brokerages at centre of China regulator's crackdown On the first anniversary of its stock market listing last month, Xi'an Longi Silicon Materials Corp served its factory workers steaming plates of simmered fish, an unusual delicacy for the staff canteen. It was to "ensure that all employees would share in the happy occasion", the company says. http://on.ft.com/188uu8A Zimbabwe: exchange plans IPO to draw in foreign investors Investing in Zimbabwe is not for the faint-hearted. But its stock exchange has been booming of late. To maintain the momentum, management at the Zimbabwe Stock Exchange is planning to sell shares in the organisation this year to raise funds for modernisation. http://on.ft.com/194g3Bs Tata Steel reports $1.3bn full-year loss from European weakness Tata Steel, India's largest private-sector steelmaker by sales, has reported a full-year loss of Rs71bn ($1.3bn) and refused to rule out selling parts of its lossmaking European operations. http://on.ft.com/12QN3cS India's Ranbaxy: another can of worms Last week Ranbaxy Laboratories, India's biggest pharmaceuticals company, must have thought it had at last settled an eight-year dispute when it paid $500m in fines and compensation and pleaded guilty to felony charges related to production and distribution of adulterated drugs in the US. http://on.ft.com/196TZpI Emerging Markets
MSCI Emerging Market Index up +0.15% at 1,027 Europe
FTSE down -0.62% at 6,655
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Warsaw Wig up +0.66% at 45,991
FTSE 300 Eurotop down -0.38% at 1,225 Americas
DJIA down -0.08% at 15,295
S&P 500 down -0.29% at 1,651
Bovespa down -0.14% at 56,350 Asia
Nikkei 225 up +0.89% at 14,612
Topix up +0.48% at 1,194
Hang Seng down -0.23% at 22,619
Shanghai Composite up +0.57% at 2,289
MSCI Asia ex-Japan up +0.05% at 469.21
CNX Nifty up +0.46% at 5,995 Currencies
€/$ 1.30 (1.29)
$/¥ 101.58 (102.01) Commodities
Brent Crude (ICE) down -0.01 at 102.43
Light Crude (Nymex) down -0.33 at 93.92
100 Oz Gold (Comex) unchanged 0.00 at 1,392 | 
