| * Fresh data highlight China's sluggish economic growth * Chinese gold miners' hope for riches shattered by Ghana crackdown * Google highlights India bandwidth threat * Cnooc teams up with Icelandic group in its play for Arctic oil * EM groups look to bonds rather than banks * Ethiopia's boom runs into limits on finance * US jobs report lifts Asia markets but China data limit gains * AirAsia X to raise up to $370 million in IPO to fund growth Markets: mixed Fresh data highlight China's sluggish economic growth The Chinese economy is grinding toward its second straight quarterly slowdown after data from May provided fresh evidence of sluggish growth. Trade growth tumbled, imports fell, inflation slowed, investment weakened and bank lending also declined, putting pressure on the government to do more to prop up growth. http://on.ft.com/1bjc7uO Chinese gold miners' hope for riches shattered by Ghana crackdown When Wen Haijian left home on 20 May last year to dig gold in Ghana, he promised to bring back a fortune. Those hopes were shattered when an urn with his ashes returned last month. http://on.ft.com/19V9NMC Google highlights India bandwidth threat Google's growth in India is being hampered by poor technological infrastructure that is unable to keep pace with the demands of hundreds of millions of new internet users, says the US-based search group's Indian head. http://on.ft.com/13wdKUE Cnooc teams up with Icelandic group in its play for Arctic oil Cnooc has become the first Chinese oil company to make a play for oil in the Arctic after teaming up with an Icelandic business in a sign of the Asian country's growing interest in the polar region. http://on.ft.com/11sKOJZ EM groups look to bonds rather than banks Emerging market companies are getting three times as much funding from the bond markets as they are from bank syndicates, the biggest gap in at least a decade, as regulatory changes prompt structural shifts in global corporate funding. http://on.ft.com/19VS4EO Ethiopia's boom runs into limits on finance Three banks rejected Tekeste Berhan Habtu for a loan to help build his 11-storey office block. Undeterred, the 59-year-old Ethiopian businessman ploughed in cash from his own software and logistics businesses. "I went to the banks but they ration people," says Mr Tekeste, whose $1.6m real estate venture is nearing completion after three years of work. http://on.ft.com/1602yAB US jobs report lifts Asia markets but China data limit gains Asian shares rebounded as investors were encouraged by a better-than-expected US jobs report, but gains were limited by poor economic data from China. http://on.ft.com/103YK26 AirAsia X to raise up to $370 million in IPO to fund growth AirAsia X Bhd. (AAX), the long-haul arm of Asia's biggest budget carrier, plans to raise up to $370 million through an initial public offering in Malaysia to fund its expansion amid a surge in travel demand. http://bloom.bg/15Ox9QR Emerging Markets MSCI Emerging Market Index down -0.09% at 979.75 Americas DJIA up +1.38% at 15,248 S&P 500 up +1.28% at 1,643 Bovespa down -2.39% at 51,619 Asia Nikkei 225 up +3.81% at 13,368 Topix up +4.63% at 1,106 Hang Seng up +0.41% at 21,663 Shanghai Composite down -1.39% at 2,211 MSCI Asia ex-Japan up +0.15% at 528.21 CNX Nifty up +0.66% at 5,920 Currencies €/$ 1.32 (1.32) $/¥ 98.05 (97.48) Commodities Brent Crude (ICE) up +0.01 at 104.57 Light Crude (Nymex) up +0.04 at 96.07 100 Oz Gold (Comex) up +2.00 at 1,385 |