| * GSK is test case in China's rules laboratory * McDonald's to bring Big Mac to Vietnam * Chinese workers find jobs still plentiful despite slowing growth * Argentina tax deal for energy exporters * Brazil casts net over transport groups in cartel probe * Egypt to put IMF loan talks on back burner * RBI takes steps to curb rupee decline Markets: mixed GSK is test case in China's rules laboratory Hundreds of millions of dollars of allegedly improper payments under review by the Chinese police. Evidence of sexual favours allegedly being exchanged as part of an elaborate scheme to boost sales and profits in the world's fastest-growing drug market. It was not what GlaxoSmithKline, the UK pharmaceuticals group, which has been rebuilding its image following past scandals, wanted to hear. http://on.ft.com/145t6SN McDonald's to bring Big Mac to Vietnam Vietnam is finally set to get its first taste of the Big Mac after US burger chain McDonald's said it would open its first outlet in the communist-run country early next year. http://on.ft.com/13LGwo1 Chinese workers find jobs still plentiful despite slowing growth Clad in board shorts and flip-flops, Xu Wen looks pretty much like any young man on summer break from university. Back from a hot day at the beach, he is chilling outside his local Walmart in outer Shanghai. http://on.ft.com/16DZ9VQ Argentina tax deal for energy exporters In a bid to lure urgently needed investors to its energy sector, Argentina on Monday said it would allow companies to export 20 per cent of oil and gas tax-free provided they invest $1bn over five years. http://on.ft.com/1bEdGGT Brazil casts net over transport groups in cartel probe Siemens, France's Alstom and other global engineering companies have been drawn into an investigation by Brazilian authorities into a possible cartel in operation across the country's train and metro networks. http://on.ft.com/10XdJZP Egypt to put IMF loan talks on back burner A top official in Egypt's cash-strapped interim government said he doubted the country could reach a deal with the International Monetary Fund this year, signalling resistance to any attempt to rein in spending and close the country's budget deficit. http://on.ft.com/15xKiNl RBI takes steps to curb rupee decline The Reserve Bank of India (RBI) announced measures late on Monday to curb the rupee's decline by tightening liquidity and making it costlier for banks to access funds from the central bank. http://reut.rs/145k0FF Emerging Markets MSCI Emerging Market Index up +0.11% at 953.32 Americas DJIA up +0.13% at 15,484 S&P 500 up +0.14% at 1,683 Bovespa up +2.65% at 46,739 Asia Nikkei 225 up +0.58% at 14,591 Topix up +0.58% at 1,209 Hang Seng down -0.13% at 21,275 Shanghai Composite down -0.68% at 2,045 MSCI Asia ex-Japan down -0.13% at 517.05 CNX Nifty down -1.39% at 5,947 Currencies €/$ 1.31 (1.31) $/¥ 99.73 (99.85) Commodities Brent Crude (ICE) down -0.17 at 108.92 Light Crude (Nymex) down -0.27 at 106.05 100 Oz Gold (Comex) down -4.40 at 1,279 |