| * The delayed oil impact of the 'Arab Spring' * South Korea shuts more nuclear reactors over fake certificates * China's Zoomlion denies latest report of false sales * China shares climb to highest since March * South Africa's economic growth slows in first quarter * EU trade push against Chinese solar panels seriously weakened * China eyes cap on carbon emissions by 2016 * Diageo closer to control of India's United Spirits * Singapore cements offshore renminbi ambitions Markets: mostly up The delayed oil impact of the 'Arab Spring'
Oil production recovered faster than expected from the "Arab Spring" of 2011 – but the delayed impact of the revolutions that swept across north Africa is now hurting supply growth forecasts for Libya, Algeria and Nigeria.
http://on.ft.com/19iFIGu South Korea shuts more nuclear reactors over fake certificates
South Korea said on Tuesday it was suspending the operations of two nuclear power reactors and extended a shutdown of a third to replace cables that were supplied using fake certificates, threatening power shortages in Asia's fourth-biggest economy.
http://reut.rs/150kURi China's Zoomlion denies latest report of false sales
China's No.2 construction equipment maker, Zoomlion Heavy Industry Science and Technology Co Ltd, has rejected a media report that said it provided false sales data, the third time it has had to respond to such allegations this year.
http://reut.rs/151xqQD China shares climb to highest since March
China shares climbed to their highest since March on Tuesday, lifting Hong Kong markets, as investors chased an afternoon rally in property counters on hopes of improved profit margins as authorities seek to rein in land prices.
http://reut.rs/171DiNp South Africa's economic growth slows in first quarter
South Africa's economy, the largest on the continent, grew at a slower pace in the first quarter than the previous three months as manufacturing output slumped. Gross domestic product growth eased to an annualized 0.9 percent from 2.1 percent in the fourth quarter, Statistics South Africa said in a report released in Johannesburg today.
http://bloom.bg/11mmPL4 EU trade push against Chinese solar panels seriously weakened
Germany led a majority of EU members on Monday to oppose punitive duties on imported Chinese solar panels, undermining an aggressive attempt by the bloc's trade commissioner to combat allegedly unfair competition from China.
http://on.ft.com/11rNUmj China eyes cap on carbon emissions by 2016
China is looking at introducing tough controls on its carbon pollution as soon as 2016, in a shift that could boost talks on a global agreement to curb greenhouse gas emissions, an official at the heart of state carbon policy has said.
http://on.ft.com/1406Nsi Diageo closer to control of India's United Spirits
Diageo, the world's biggest distiller by sales, has moved a step closer to securing control of Indian peer United Spirits after paying some £300m for a 10 per cent slice of the group's enlarged capitalisation from a preferential share allotment on Monday.
http://on.ft.com/12JMfFc Singapore cements offshore renminbi ambitions
Singapore cemented its ambitions to become an offshore centre for the use of the Chinese currency as HSBC and Standard Chartered became the first banks to issue bonds denominated in renminbi, creating a new market in what are likely to be known as "Lion City" bonds.
http://on.ft.com/19gVrG2 Emerging Markets
MSCI Emerging Market Index up +0.22% at 1,031 Europe
FTSE unchanged +1.63% at 6,763
RTS up +1.18% at 1,401
Warsaw Wig up +0.72% at 47,616
FTSE 300 Eurotop up +1.29% at 1,246 Americas
DJIA up +0.06% at 15,303
S&P 500 down -0.06% at 1,650
Bovespa down -0.02% at 56,396 Asia
Nikkei 225 up +1.20% at 14,312
Topix up +1.23% at 1,168
Hang Seng up +1.05% at 22,924
Shanghai Composite up +1.23% at 2,321
MSCI Asia ex-Japan up +0.33% at 467.62
CNX Nifty up +0.46% at 6,111 Currencies
€/$ 1.29 (1.29)
$/¥ 102.01 (100.93) Commodities
Brent Crude (ICE) up +1.43 at 104.05
Light Crude (Nymex) up +0.66 at 94.81
100 Oz Gold (Comex) unchanged 0.00 at 1,387 | 
