| * GSK labelled 'ringleader' in China probe * Chinese economy slows to 7.5% growth * India: WPI inflation ticks up * Rupiah Weakens Beyond 10,000 for First Time Since September 2009 * Korean contract workers struggle for rights * Chinese warships sail past northern Japan * Nissan resurrects Datsun brand for emerging market tour * 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 GSK labelled 'ringleader' in China probe
Chinese police have accused GlaxoSmithKline of being the "ringleader" in a bribery scandal involving 700 companies and deals worth as much as half a billion dollars.
http://on.ft.com/1dyO2RX 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 India: WPI inflation ticks up
Having fallen gradually over the past nine month, Wholesale Price Index inflation rose to 4.86 per cent in India this June. That's up from 4.7 per cent in May but still below the 7.58 per cent inflation recorded in June last year. It was also under the average forecast of 4.90 per cent in a Reuters poll of analysts.
http://on.ft.com/1bBvXVe Rupiah Weakens Beyond 10,000 for First Time Since September 2009
Indonesia's rupiah weakened beyond 10,000 per dollar for the first time since September 2009 as slowing economic growth in China dimmed the outlook for exports and the current-account deficit. Government bonds declined.
http://bloom.bg/17eRBer Korean contract workers struggle for rights
Two disgruntled contract workers at Hyundai Motor have become a cause célèbre for millions of South Korean temporary employees seeking better pay and job security.
http://on.ft.com/143kVGD Chinese warships sail past northern Japan
Chinese warships have passed for the first time through the narrow strait that divides northern Japan and Russia, Japan's defence ministry said on Sunday.
http://on.ft.com/13ImRFA 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 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 +0.20% at 947.23 Europe
FTSE down +0.31% at 6,565
RTS down -0.19% at 1,346
Warsaw Wig down -0.36% at 45,983
FTSE 300 Eurotop up +0.12% at 1,197 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 +0.12% at 21,303
Shanghai Composite up +0.98% at 2,059
MSCI Asia ex-Japan up +0.20% at 439.09
CNX Nifty up +0.36% at 6,031 Currencies
€/$ 1.30 (1.31)
$/¥ 99.96 (99.21) Commodities
Brent Crude (ICE) down -0.71 at 108.10
Light Crude (Nymex) down -0.61 at 105.34
100 Oz Gold (Comex) up +14.60 at 1,292 | 
