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Financial Times
beyondbrics



London headlines

*Brazil hanging on for record IPO boom

*China interbank market rates soar

*China to launch pilot carbon market in Shenzhen

* Bumi lines up BP veteran as chairman

* Asian shares mixed ahead of Fed meeting

* Warburg Pincus backs Africa oil and gas explorer Delonex Energy

* Myanmar: foreign investment rush raises hopes….and concerns

Markets: mixed

Brazil hanging on for record IPO boom
Capital raised this year from new listings on Brazil's stock market is set to top $10.6bn this week – the highest January to June total in the country's history. But it all depends whether bankers can bring the world's second-biggest initial public offering this year to market.
http://www.ft.com/intl/cms/s/0/26fe5d1c-d688-11e2-9214-00144feab7de.html

China interbank market rates soar
The interbank market in Chinahas seen rates soar in a reflection of tighter liquidity conditions as economic growth slows and savings are being pulled from deposits into higher yielding wealth management products.
http://www.ft.com/intl/cms/s/0/fc1ad4f2-d639-11e2-9dbd-00144feab7de.html

China to launch pilot carbon market in Shenzhen
China's economic growth has come on the back of unparalleled coal use, unbreathable air and the unenviable title of being the world's biggest greenhouse gas emitter. So as it prepares to launch its first pilot carbon market on Tuesday, there is intense speculation about the scheme's likely impact, both domestically and whether it boosts China's support for a binding global treaty to lower carbon emissions.
http://www.ft.com/intl/cms/s/0/27e82008-d504-11e2-9302-00144feab7de.html

Bumi lines up BP veteran as chairman
Bumi, the coal miner founded by Nat Rothschild, has lined up a former BP executive as its new chairman in what it hopes will signal a fresh start for the group.
http://www.ft.com/intl/cms/s/0/6ccb51a4-d66c-11e2-9214-00144feab7de.html

Asian shares mixed ahead of Fed meeting
Asian shares were mixed as investors remain cautious ahead of the Federal Reserve's monetary policy meeting later this week, but a weaker yen buoyed Japanese stocks.
http://www.ft.com/intl/cms/s/0/4049d03c-d6f9-11e2-b03f-00144feab7de.html

Warburg Pincus backs Africa oil and gas explorer Delonex Energy
Private equity firm Warburg Pincus is leading a group of investors committing up to $600m to a new Africa-focused oil and gas explorer led by Rahul Dhir, ex-chief of Cairn India.
http://www.ft.com/intl/cms/s/0/dfa29fe2-d686-11e2-9214-00144feab7de.html

Myanmar: foreign investment rush raises hopes….and concerns
One of the most visible symbols so far of Myanmar's opening to the west was the recent launch of Coca-Cola's new bottling operations at its joint-venture plant on the outskirts of Yangon. Less visible was the changing dynamic around the seemingly unstoppable surge of foreign investment interest in the previously secretive country.
http://blogs.ft.com/beyond-brics/2013/06/17/myanmar-foreign-investment-galore/

Emerging Markets
MSCI Emerging Market Index up +0.13% at 954.94

Americas
DJIA down -0.70% at 15,070
S&P 500 down -0.59% at 1,627
Bovespa down -2.15% at 49,332

Asia
Nikkei 225 up +2.42% at 12,993
Topix up +2.29% at 1,081
Hang Seng up +1.39% at 21,261
Shanghai Composite up +0.09% at 2,164
MSCI Asia ex-Japan up +0.53% at 516.23
CNX Nifty down -0.21% at 5,796

Currencies
€/$ 1.33 (1.33)
$/¥ 94.65 (94.07)

Commodities
Brent Crude (ICE) down -0.17 at 105.76
Light Crude (Nymex) down -0.22 at 97.63
100 Oz Gold (Comex) up +2.70 at 1,390

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