| * India moves on current account gap at expense of growth * GSK is test case in China's rules laboratory * Baidu: 91 Wireless bid marks move to mobile * McDonald's to bring Big Mac to Vietnam * Rupiah Extends Losses Beyond 10,000/Dlr as Export Outlook Dims * Chinese workers find jobs still plentiful despite slowing growth * Argentina tax deal for energy exporters * Brazil casts net over transport groups in cartel probe * Len Blavatnik invests $400m in e-commerce fund Rocket Internet * Egypt to put IMF loan talks on back burner Markets: mixed India moves on current account gap at expense of growth
After long discussion, a battle in India's government between the imperatives of boosting the economy and supporting the currency has been decided.
http://on.ft.com/1bEKsHI 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 Baidu: 91 Wireless bid marks move to mobile
Chinese search engine giant Baidu plans to buy the entire share capital of NetDragon Websoft's subsidiary 91 Wireless for $1.9bn (HK$14.74bn), making it the biggest acquisition deal in China's internet industry if it succeeds.
http://on.ft.com/1bEF2g3 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 Rupiah Extends Losses Beyond 10,000/Dlr as Export Outlook Dims
Indonesia's rupiah extended losses beyond 10,000 per dollar for a second day on concern demand for exports from Southeast Asia's biggest economy will wane as regional growth slows.
http://bloom.bg/1bEu0Y7 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 Len Blavatnik invests $400m in e-commerce fund Rocket Internet
Access Industries, the vehicle of media billionaire Len Blavatnik, has invested over $400m in Rocket Internet, German venture capital firm.
http://on.ft.com/12CQzZX 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 Emerging Markets
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