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Financial Times
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London headlines

* China and US stage delicate rebalancing act

* Beijing returns to global metals market

* Argentines hope Lula will pull off miracle on Vale potash mine

* Indian cricket chief 'steps aside' amid match-fixing scandal

* China blocks MasterCard processing renminbi transactions

* Infosys recalls co-founder in attempt to revive fortunes

* Guest post: marketing for Ramadan

Markets: mostly down

China and US stage delicate rebalancing act
It has almost become a ritual. Every year in early June, a Chinese general sits down on stage at the Shangri-La Hotel in Singapore and tells a ballroom packed with defence ministers and military brass from all over the world that China aspires to peace and will not pose a threat to anyone.
http://on.ft.com/18J2Dfq

Beijing returns to global metals market
China's powerful stockpiling agency has purchased base metals on the international market for the first time since prices crashed during the global financial crisis, as Beijing takes advantage of the recent price slide.
http://on.ft.com/18HC3Rw

Argentines hope Lula will pull off miracle on Vale potash mine
It was an unnerving sight for Vale's investors. Dressed in a traditional Andean poncho, Brazil's former president Luiz Inácio Lula da Silva was pictured in Argentina in May discussing the future of the miner's suspended potash project.
http://on.ft.com/13dE5ql

Indian cricket chief 'steps aside' amid match-fixing scandal
The embattled head of India's cricket authority on Sunday resisted calls for his resignation over illegal betting allegations involving his son-in-law and a wider match-fixing scandal.
http://on.ft.com/15vFHww

China blocks MasterCard processing renminbi transactions
China has blocked MasterCard from processing credit card transactions in renminbi, raising concerns about Beijing's willingness to fully open up the sector after the World Trade Organisation found that it unfairly restricted foreign card companies.
http://on.ft.com/15tLbHW

Infosys recalls co-founder in attempt to revive fortunes
Infosys has recalled co-founder Narayana Murthy as executive chairman in a surprise attempt to revive the fortunes of the outsourcing and software group that helped launch India's IT revolution.
http://on.ft.com/10R2q27

Guest post: marketing for Ramadan
It's less than six weeks until Ramadan, the Islamic month of fasting, and the busiest marketing time in the Muslim world. So any brand worth its salt should be paying attention to their relationship with Muslim consumers.
http://on.ft.com/15iDGDI

Emerging Markets
MSCI Emerging Market Index down -0.16% at 1,007

Americas
DJIA down -1.36% at 15,116
S&P 500 down -1.43% at 1,631
Bovespa down -2.07% at 53,506

Asia
Nikkei 225 down -2.73% at 13,398
Topix down -2.33% at 1,109
Hang Seng up +0.46% at 22,495
Shanghai Composite up +0.28% at 2,307
MSCI Asia ex-Japan down -0.03% at 543.11
CNX Nifty down -0.24% at 5,972

Currencies
€/$ 1.30 (1.29)
$/¥ 100.55 (100.35)

Commodities
Brent Crude (ICE) down -0.10 at 100.29
Light Crude (Nymex) down -0.07 at 91.90
100 Oz Gold (Comex) up +1.70 at 1,394

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