| * China struggles to find head for CIC sovereign wealth fund * Samsung suppliers reap bumper rewards * Sharif re-election revives India peace deal hopes * Brazil to cancel or restructure almost $900m of African debt * China's premier Li Keqiang warns Europe over trade war * Kerry unveils Blair plan to invest $4bn in West Bank and Gaza * Dubai emerges as hub for investment in Africa * Mexico: investors curb their enthusiasm * China-Germany 'special relationship' tested by trade frictions * Israeli and Palestinian business chiefs make joint call for peace Markets: mixed China struggles to find head for CIC sovereign wealth fund China is struggling to find a new head for its $500bn sovereign wealth fund after two leading candidates declined the job out of fear it would prove a poisoned chalice, according to people with knowledge of the situation. http://on.ft.com/11312MK Samsung suppliers reap bumper rewards Shareholders in Samsung Electronics have enjoyed strong returns from the company's recent rise to become the global leader in smartphones – but these gains have been dwarfed by the tenfold increase in the market value of some smaller South Korean companies that provide specialised components for Samsung's devices. http://on.ft.com/12XEwVB Sharif re-election revives India peace deal hopes Nawaz Sharif, faced with Islamist terrorism at home and a grave economic crisis at the start of his third stint as prime minister, says it is now time to normalise relations for the good of both countries, by following up on a peace agreement he signed with India back in 1999. http://on.ft.com/13bZdfo Brazil to cancel or restructure almost $900m of African debt Brazil will cancel or restructure almost $900m in debt owed by African countries, a Brazilian official said, as part of a plan to increase future funding to the continent. http://on.ft.com/10tJgTm China's premier Li Keqiang warns Europe over trade war China's premier has waded into an intensifying trade dispute with Europe, warning that EU investigations into Chinese-made solar panels and telecommunications equipment would backfire by hurting European consumers. http://on.ft.com/14SipAw Kerry unveils Blair plan to invest $4bn in West Bank and Gaza John Kerry, US secretary of state, said he had asked Tony Blair to lead a plan to mobilise $4bn of investment in the West Bank and Gaza and revive the territories' flagging economic prospects. http://on.ft.com/17c5XQD Dubai emerges as hub for investment in Africa Dubai is proving to be a window on the world for the tea growers who collectively own Kenya Tea Packers, as the company pushes to expand exports from its east African base. http://on.ft.com/Z8Bs8B Mexico: investors curb their enthusiasm Mexico was one of investors' favourite emerging markets last year. Foreign investors poured a record $73.2bn into Mexican bonds and stocks in 2012 – a 60 per cent jump from the year before. Given the momentum behind the country, few at the start of this year would have dared to predict that the inflows would slow. http://on.ft.com/14JLa2h China-Germany 'special relationship' tested by trade frictions Li Keqiang's visit to Berlin at the weekend, his first to an EU country since taking over as Chinese premier in March, reflects not only the deepening political ties between China and Germany but also their growing economic interdependence. http://on.ft.com/17aO9Fi Israeli and Palestinian business chiefs make joint call for peace On Sunday morning, the start of the Israeli working week, about 80 leading chief executives, entrepreneurs and business owners boarded two buses in Tel Aviv, then crossed the Jordanian border to the opposite shore of the Dead Sea. A bus carrying 20 Palestinian business people was also en route from Ramallah. http://on.ft.com/12HIbFk Emerging Markets MSCI Emerging Market Index up +0.15% at 1,028 Europe FTSE down -0.63% at 6,654 RTS down -0.37% at 1,383 Warsaw Wig up +0.85% at 46,536 FTSE 300 Eurotop up +0.15% at 1,228 Americas DJIA up +0.06% at 15,303 S&P 500 down -0.06% at 1,650 Bovespa up +0.10% at 56,406 Asia Nikkei 225 down -3.22% at 14,143 Topix down -3.35% at 1,154 Hang Seng up +0.30% at 22,686 Shanghai Composite up +0.20% at 2,293 MSCI Asia ex-Japan up +0.36% at 467.25 CNX Nifty up +1.66% at 6,083 Currencies €/$ 1.29 (1.29) $/¥ 100.83 (101.45) Commodities Brent Crude (ICE) down -0.24 at 102.40 Light Crude (Nymex) down -0.60 at 93.55 100 Oz Gold (Comex) unchanged 0.00 at 1,387 |