New York morning headlines


If this email is not displayed correctly, please click on the following link or open your browser and
paste the link into the address field: http://view.ed4.net/v/VKY5JJ/1O9OJD/30AY33V/PRAK1O/

Financial Times
beyondbrics



New York headlines

* 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

Advertisement

Tools
Your account Portfolio
Email Briefings Price alerts
Keyword alerts RSS feeds
© THE FINANCIAL TIMES LTD 2009
ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page on FT.com
Change Briefings UnsubscribeChange Email AddressForward this email to a friendPrivacy Policy About UsHelp
The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.