| * India cuts rates to boost growth * Cnooc joins global bonds rush * Ikea green light to open in India after lengthy delay * Petropavlovsk cuts exec bonuses and share grants * Randgold betters rivals by chasing margin * Bharti Airtel sells stake to Qatar investment group for $1.26bn * US and Mexico agree closer economic ties * Slovenia bond issue survives downgrade * Ermenegildo Zegna sees slowdown in demand from China * Fortaleza first city to strike World Cup goal for Brazil * Retailers pressed to compensate Bangladesh factory victims Markets: mixed India cuts rates to boost growth
The Reserve Bank of India on Friday cut the repo lending rate by 25 basis points to 7.25 per cent, the third rate reduction since January, against a backdrop of disappointing economic growth and a gradual slowdown in inflation.
http://on.ft.com/134rMxh Cnooc joins global bonds rush
Cnooc, the Chinese state-run oil company, has joined the global rush to raise cheap corporate credit, with a $4bn bond, the biggest international issue in Asia in a decade.
http://on.ft.com/134h0pJ Ikea green light to open in India after lengthy delay
Ikea finally won approval to open its flat-pack furniture stores in India, ending the Swedish retailer's seven-year battle to enter the country.
http://on.ft.com/17ASLBr Petropavlovsk cuts exec bonuses and share grants
Petropavlovsk has scrapped executives' bonuses and cut share awards in a move that will pile shareholder pressure on other miners whose share prices have been hammered amid lower commodity prices.
http://on.ft.com/133pSg6 Randgold betters rivals by chasing margin
Randgold Resources shrugged off a dip in production and profits during the first quarter, arguing it is better placed than many peers to ride out the malaise that has struck gold mining stocks in recent weeks.
http://on.ft.com/1201Mlr Bharti Airtel sells stake to Qatar investment group for $1.26bn
Bharti Airtel, the world's fourth largest telecoms company by subscribers, has sold a 5 per cent stake in its business to the Qatar Foundation Endowment for Rs68bn ($1.26bn), as part of a plan to reduce leverage and raise funds for future investments in its African division.
http://on.ft.com/135bVNY US and Mexico agree closer economic ties
The governments of Mexico and the US on Thursday agreed to form a group to deepen economic integration as part of efforts to broaden the bilateral relationship and boost North American competitiveness.
http://on.ft.com/18gr2qU Slovenia bond issue survives downgrade
Slovenia issued $3.5bn of bonds on Thursday, ameliorating concerns that the small Alpine country will have to be bailed out by the eurozone to pay for its banking sector clean-up.
http://on.ft.com/ZYwVp6 Ermenegildo Zegna sees slowdown in demand from China
Ermenegildo Zegna, the world's largest men's luxury goods group by sales, is seeing a slowdown in demand from Greater China, despite reporting a 12 per cent rise in revenues in 2012 driven by demand from emerging markets.
http://on.ft.com/121Hh6C Fortaleza first city to strike World Cup goal for Brazil
When Brazil's great "temple of football", the Maracanã stadium in Rio de Janeiro, reopened at the weekend, only two of its entrances were complete, some seats were still missing and the surrounding area resembled a building site.
http://on.ft.com/132KNA5 Retailers pressed to compensate Bangladesh factory victims
Global labour rights activists are calling on western brands to provide fair compensation for hundreds of Bangladeshi garment factory workers killed or seriously injured in last week's building collapse.
http://on.ft.com/16u6VpT Emerging Markets
MSCI Emerging Market Index up +0.11% at 1,038 Europe
FTSE up +0.20% at 6,473
RTS up +1.22% at 1,404
Warsaw Wig down -0.39% at 43,992
FTSE 300 Eurotop down -0.06% at 1,206 Americas
DJIA up +0.89% at 14,832
S&P 500 up +0.94% at 1,598
Bovespa down -1.05% at 55,322 Asia
Nikkei 225 down -0.76% at 13,694
Topix down -0.44% at 1,153
Hang Seng up +0.10% at 22,690
Shanghai Composite up +1.44% at 2,205
MSCI Asia ex-Japan up +0.06% at 480.36
CNX Nifty down -0.92% at 5,944 Currencies
€/$ 1.31 (1.31)
$/¥ 98.12 (97.95) Commodities
Brent Crude (ICE) up +0.43 at 103.28
Light Crude (Nymex) up +0.21 at 94.20
100 Oz Gold (Comex) up +9.30 at 1,477 | 
