| * China brokers boost prop trading profits * South Korea woes hold back StanChart * Key reform minister exits Myanmar investment body * Telefónica's domestic revenues eclipsed by sales in Brazil * Observers find flaws in Malaysia poll * China trade growth accelerates in April * Mexico's auto boom * Dangote Secures $4.25 Billion for Nigeria Oil Refinery Markets: mixed China brokers boost prop trading profits Chinese securities brokers are boosting the profits they make from proprietary trading and other investment activities even as these are being outlawed among western banks following the financial crisis. http://on.ft.com/18WBgu4 South Korea woes hold back StanChart Signs emerged on Wednesday that Standard Chartered's unbroken decade-long record of annual profit growth may be running out of steam, as the bank revealed that operating profits in the first three months of the year fell "slightly". http://on.ft.com/12TVAsF Key reform minister exits Myanmar investment body The abrupt exit of one of Myanmar's leading reformist ministers from the helm of the government's powerful investment commission has raised fresh questions about President Thein Sein's ambitious reform agenda and unsettled investors. http://on.ft.com/10oTntr Telefónica's domestic revenues eclipsed by sales in Brazil Telefónica reported a drop in first-quarter revenues after sharp declines in key European markets cancelled out a better performance in the group's Latin American operations. http://on.ft.com/10pczm7 Observers find flaws in Malaysia poll Malaysia's general election, which the incumbent ruling coalition won after the toughest fight in the country's history, was "partially free and not fair", a study part-funded by the British and Canadian governments found on Wednesday. http://on.ft.com/10oWHVw China trade growth accelerates in April Chinese export and import growth accelerated in April, an apparent indication of strength in the economy but one that also raises questions about the quality of the data. http://on.ft.com/YEh4hB Mexico's auto boom The newest figures from the Mexican auto industry association, AMIA, point to continued powerful growth not only from the car makers themselves but from associated industries. http://on.ft.com/18srXoq Dangote Secures $4.25 Billion for Nigeria Oil Refinery Aliko Dangote, Africa's wealthiest man, says he has negotiated loans of $4.25 billion from banks to build a refinery to help the continent's largest crude oil producer reduce gasoline imports. http://bloom.bg/12QjOUW Emerging Markets MSCI Emerging Market Index up +0.71% at 1,060 Europe FTSE up +0.27% at 6,575 RTS down -0.47% at 1,445 Warsaw Wig up +0.34% at 44,894 FTSE 300 Eurotop up +0.36% at 1,225 Americas DJIA up +0.58% at 15,056 S&P 500 up +0.52% at 1,626 Bovespa up +1.52% at 56,275 Asia Nikkei 225 up +0.74% at 14,286 Topix up +0.49% at 1,194 Hang Seng up +0.86% at 23,244 Shanghai Composite up +0.48% at 2,246 MSCI Asia ex-Japan up +0.93% at 483.98 CNX Nifty up +0.43% at 6,069 Currencies €/$ 1.31 (1.31) $/¥ 98.94 (98.96) Commodities Brent Crude (ICE) down -0.55 at 103.85 Light Crude (Nymex) down -0.11 at 95.51 100 Oz Gold (Comex) up +1.70 at 1,451 |