London 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/19JYUU/GY6154/NJ364GY/RN7YTC/

Financial Times
beyondbrics



London headlines

* Turkey's stocks suffer worst fall in a decade

* China plans multimillion Ethiopia investment

* Lonmin mine shootings raise tensions

* Indonesia orders Freeport to shut mine pending cave-in probe

* Weichai Power to boost stake in Kion

* Brazil growth: how fast is enough?

* EM assets lose favour on fears of slowing Fed QE

* Brussels to recommend Latvia becomes 18th member of currency bloc

Markets: mixed

Turkey's stocks suffer worst fall in a decade
Turkish equities suffered their biggest one-day fall in a decade on Monday, with investors reacting to political uncertainty as anti-government demonstrations gathered steam over the weekend.
http://on.ft.com/17johqr

China plans multimillion Ethiopia investment
Huajian, one of the largest shoe exporters in China, is planning a multimillion-dollar factory expansion in Ethiopia in a sign that Chinese manufacturers are starting to move to Africa to benefit from preferential trade tariffs and lower labour costs.
http://on.ft.com/11mNThC

Lonmin mine shootings raise tensions
Tensions in South Africa's mines flared after a union official was shot dead and 1,000 workers were dismissed after a wildcat strike, highlighting the strife facing companies in the sector and alarming investors ahead of an important round of industry wage talks.
http://on.ft.com/11hsbsp

Indonesia orders Freeport to shut mine pending cave-in probe
The Indonesian government has ordered Freeport-McMoRan Copper & Gold, the US mining group, to halt production at its copper and gold mine in Papua province for three months while it completes an investigation into a fatal cave-in at an underground training centre.
http://on.ft.com/13zO0FK

Weichai Power to boost stake in Kion
China's Weichai Power is set to raise its anchor investment in Europe's biggest forklift truckmaker by sales after Germany's Kion announced plans for an initial public offering later this summer.
http://on.ft.com/1aWK1W0

Brazil growth: how fast is enough?
The estimates for economic growth in Brazil this year – and next – continue to tumble after last week's weaker-than-expected first quarter growth.
http://on.ft.com/15zHRLC

EM assets lose favour on fears of slowing Fed QE
Nowhere did recent hints that the US Federal Reserve could cut back its bond-buying in the near future reverberate as loudly as in emerging markets.
http://on.ft.com/10M7GHN

Brussels to recommend Latvia becomes 18th member of currency bloc
Brussels on Wednesday will recommend that Latvia from next year becomes the 18th country to adopt the euro despite lingering concerns about the size of Russian deposits in the small Baltic state's domestic banking sector.
http://on.ft.com/14bT59a

Emerging Markets
MSCI Emerging Market Index up +0.18% at 1,000

Americas
DJIA up +0.92% at 15,254
S&P 500 up +0.59% at 1,640
Bovespa up +0.82% at 53,944

Asia
Nikkei 225 up +0.93% at 13,385
Topix up +1.30% at 1,111
Hang Seng down -0.28% at 22,220
Shanghai Composite down -1.16% at 2,273
MSCI Asia ex-Japan down -0.02% at 539.25
CNX Nifty up +0.44% at 5,965

Currencies
€/$ 1.31 (1.31)
$/¥ 99.70 (99.51)

Commodities
Brent Crude (ICE) down -0.17 at 101.89
Light Crude (Nymex) down -0.41 at 93.04
100 Oz Gold (Comex) down -0.70 at 1,411

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.