| * India clamps down on gold imports * Singapore funds benefit from Asian wealth * Deposed Egyptian president's family accuses army of kidnapping * Belarus looks to China for investment in infrastructure * GlaxoSmithKline says Chinese laws might have been violated * Emerging Stocks Climb to Six-Week High on China Growth Optimism * Developers spot chance to plug India's affordable housing gap * Carlos Slim gets new competition in Colombia * Bumi shares see turbulent return to trading * Egyptian stocks rally as optimism grows over technocratic government Markets: up India clamps down on gold imports The Reserve Bank of India (RBI) has put new restrictions in place to limit gold imports, in an attempt to control the country's unsustainable current account deficit and ease pressures on the depreciating rupee. http://on.ft.com/18wwDsD Singapore funds benefit from Asian wealth Singapore's position as one of the world's fastest-growing wealth management hubs was highlighted on Tuesday when it said assets under management rose more than a fifth over the past year. http://on.ft.com/134KeSs Deposed Egyptian president's family accuses army of kidnapping The family of Mohamed Morsi, Egypt's deposed president, said it had not heard from him since he was overthrown 20 days ago and would attempt to seek justice by appealing to the International Criminal Court. http://on.ft.com/12d1Txq Belarus looks to China for investment in infrastructure "Here is where we are on the plan," said Alexei Semenenkov, poking a finger at a colourful zoning map and peering into the mixed pine and birch forest stretching into the distance. "One day we'll have a city here – roads, factories, apartments, shops and parks." http://on.ft.com/130xMIb GlaxoSmithKline says Chinese laws might have been violated China's investigation of how western drug companies operate in the country broadened on Monday as GlaxoSmithKline admitted wrongdoing by staff. Abbas Hussain, GSK's president of international operations, said that senior China-based executives "appear to have acted outside of our processes and controls which breaches Chinese law". http://on.ft.com/17xkX86 Emerging Stocks Climb to Six-Week High on China Growth Optimism Emerging-market stocks rose, sending the benchmark index to a six-week high, as investors speculated China's government will boost spending to maintain growth of at least 7 percent in the world's second-biggest economy. http://bloom.bg/15DXi4r Developers spot chance to plug India's affordable housing gap When he moved to the bustling Indian city of Ahmedabad from his rural village two decades ago, Babubhai Marathe invested Rs100,000 to buy a tiny room in a slum near the textile factory where he works as a mechanical fitter. http://on.ft.com/13Z2G6o Carlos Slim gets new competition in Colombia Get ready for some competition in Colombia Carlos Slim. Millicom International, a Luxembourg-based telecoms company, on Monday announced plans to merge is Colombian operations with the fixed-line business of state-run Empresas Públicas de Medellín (EPM) in a move to create "a leading digital lifestyle company" in the country. http://on.ft.com/1bXnlIG Egyptian stocks rally as optimism grows over technocratic government Egyptian stocks have risen sharply in the past month on the country's change of government, but obstacles ahead may bring the rally to an abrupt halt. The Cairo bourse has reversed a steady decline this year to gain more than 15 per cent since late June, an upturn triggered by optimism about the arrival of a new administration of mostly liberal-minded technocrats. http://on.ft.com/133mv5h Emerging Markets MSCI Emerging Market Index up +1.27% at 966.11 Europe FTSE up +0.29% at 6,643 RTS up +0.43% at 1,386 Warsaw Wig up +0.39% at 46,541 FTSE 300 Eurotop up +0.33% at 1,215 Americas DJIA up +0.01% at 15,546 S&P 500 up +0.20% at 1,696 Bovespa up +2.48% at 48,574 Asia Nikkei 225 up +0.82% at 14,779 Topix up +0.51% at 1,223 Hang Seng up +2.33% at 21,915 Shanghai Composite up +1.95% at 2,044 MSCI Asia ex-Japan up +1.77% at 441.47 CNX Nifty up +0.76% at 6,078 Currencies €/$ 1.32 (1.32) $/¥ 99.92 (99.64) Commodities Brent Crude (ICE) down -0.16 at 107.99 Light Crude (Nymex) down -1.04 at 105.90 100 Oz Gold (Comex) down -8.50 at 1,328 |