| * Chinese economy slows to 7.5% growth * Nissan resurrects Datsun brand for emerging market tour * Asian markets rise as China GDP meets forecasts * Chinese shoppers seek Prada closer to home * Coffee fungus threatens disaster for Central America's farmers * Debt-ridden Caribbean unable to resist drug traffickers Markets: up! Chinese economy slows to 7.5% growth China slowed to 7.5 per cent growth in the second quarter, weighed down by faltering exports, sluggish retail sales and softer investment. It was the second consecutive quarter of weaker growth as a rebound at the end of last year proved to be shortlived. http://on.ft.com/12znv5w Nissan resurrects Datsun brand for emerging market tour Nissan is bringing its Datsun car brand back from the dead after more than 30 years of absence, resurrecting the marque as an emerging market specialist to fill a conspicuous hole in its global product offerings. http://on.ft.com/12pC0VU Asian markets rise as China GDP meets forecasts Asian markets rose after China's second-quarter growth data met official forecasts. The world's second-largest economy expanded by 7.5 per cent in the second quarter, confirming that the slowdown in growth to 7.7 per cent in the three months to April wasn't temporary. http://on.ft.com/1bBlh8Y Chinese shoppers seek Prada closer to home Not every Chinese shopper can buy their Prada in Paris or their Max Mara in Milan. As China's middle class swells, foreign and domestic retail groups are opening discount outlet malls in China to help mainlanders get luxury bargains closer to home – preferably while pretending that they are really somewhere else. http://on.ft.com/18VmlVK Coffee fungus threatens disaster for Central America's farmers Angel Molina is fighting to save his way of life. In the hills of Sierra de Montecillos in Honduras, his 15 hectare coffee plantation has been hit by a virulent coffee plant fungus, known as la roya, or leaf rust, with devastating effects. http://on.ft.com/1bd9XRV Debt-ridden Caribbean unable to resist drug traffickers The Caribbean is again becoming an increasingly important transit route for drug-trafficking into the US as South American and Mexican drug cartels take advantage of the region's economic problems to re-establish their operations. http://on.ft.com/12BhtN1 Emerging Markets MSCI Emerging Market Index up +0.03% at 945.69 Americas DJIA up +0.02% at 15,464 S&P 500 up +0.31% at 1,680 Bovespa down -2.34% at 45,533 Asia Nikkei 225 up +0.23% at 14,506 Topix up +0.60% at 1,202 Hang Seng up +0.43% at 21,369 Shanghai Composite up +1.46% at 2,069 MSCI Asia ex-Japan up +0.10% at 517.00 CNX Nifty down -0.29% at 5,991 Currencies €/$ 1.31 (1.31) $/¥ 99.24 (99.21) Commodities Brent Crude (ICE) up +0.07 at 108.88 Light Crude (Nymex) up +0.01 at 105.96 100 Oz Gold (Comex) up +14.60 at 1,292 |