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/DHGUVV/A5L3QA/SPT2DD1/ZBYFC4/

Financial Times
beyondbrics



New York headlines

* Brazil slashes financial transactions tax

* China in tit-for-tat move in trade dispute

* Gloom over Abe speech hits Asia EMs

* Russia: VTB's Kostin proposes paying dividends in stock

* Mrs Watanabe starts a Mexican wave

* Tehran's bazaar in quiet revolt over Ahmadi-Nejad's tax rises

* Frontier markets on track for record year

* Another multilatina heads to Wall St

* Fears over future trade with China curb UK criticism of Huawei

* India embarks on Rs150bn linker programme

Markets:

Brazil slashes financial transactions tax
Brazil has dismantled one of the cornerstones of its so-called currency war against foreign fund inflows, by slashing a tax on overseas investments in domestic bonds.
http://on.ft.com/15z1jrl

China in tit-for-tat move in trade dispute
China has launched a trade investigation into European wine exports, in apparent retaliation for Europe's proposed tariffs on Chinese solar panels, sharply escalating the dispute between two of the world's largest trading partners.
http://on.ft.com/15zQRzH

Gloom over Abe speech hits Asia EMs
A disappointing economic policy speech by Japanese prime minister Shinzo Abe hit the Nikkei hard on Wednesday – and as it slumped so did shares in key Asian emerging markets.
http://on.ft.com/15GQjIS

Russia: VTB's Kostin proposes paying dividends in stock
Heavyweight banker Andrei Kostin has waded into the debate about the Kremlin-led pressure on Russian companies to boost dividends. Speaking on Wednesday at a St Peterburg banking conference, the chief executive of state-controlled VTB suggested that banks should be allowed to pay some of their dividends in shares.
http://on.ft.com/15HC6eN

Mrs Watanabe starts a Mexican wave
Individual investors in Japan are piling into the Mexican peso at the expense of the Australian dollar, on the assumption that Mexico's exposure to the resilient US economy is a better bet than is Australia's to China.
http://on.ft.com/12s6tIw

Tehran's bazaar in quiet revolt over Ahmadi-Nejad's tax rises
With this month's presidential election less than two weeks away, the windows of the ironware shops in Tehran's Grand Bazaar should be pasted thickly with campaign posters.
http://on.ft.com/11CrZTv

Frontier markets on track for record year
Frontier markets are on course to enjoy a record year as investors scramble to put their cash to work in these risky and often illiquid markets.
http://on.ft.com/14rV3Px

Another multilatina heads to Wall St
Graña y Montero is about to join a tiny group of Peruvian companies that are listed on the New York Stock Exchange. Peru's biggest construction and engineering group has filed for a $460m initial public offering to raise funds for investments in infrastructure, further acquisitions and expansion and land purchases.
http://on.ft.com/19GRxqq

Fears over future trade with China curb UK criticism of Huawei
A critical parliamentary report into Huawei Technologies, the Chinese telecommunications company, has been heavily redacted by the government amid concern about the potential impact on Chinese investment in the UK.
http://on.ft.com/13khWqr

India embarks on Rs150bn linker programme
India sold its first inflation-linked bonds in 15 years as it seeks to develop a new funding avenue and curb the widespread use of gold as a hedge against price increases.
http://on.ft.com/13iZNJF

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.