| * Apple supplier accused of labour violations * Rio Tinto sells Northparkes mine stake for $820m * China plans government debt audit * Emerging Stocks Fall for Fourth Day on China Data as Rand Slides * Egypt killings highlight role of Ministry of Interior * Indian cricket chief: not out * Chinese companies poised to boost offshore borrowing levels * Oppenheimer to test Brazilian bankruptcy law * China to freeze trade probes in solar deal Markets: down Apple supplier accused of labour violations A China labour watchdog has accused Pegatron, a big supplier to Apple, of employing underage workers and pressuring employees to work illegal overtime in its factories. http://on.ft.com/15qFmLN Rio Tinto sells Northparkes mine stake for $820m Rio Tinto has sold its controlling stake in the Northparkes copper-gold mine in New South Wales to China Molybdenum for $820m as part of efforts to reduce debt. http://on.ft.com/1cfzSr3 China plans government debt audit China will conduct an urgent audit of all government debt, underlining concerns over rising financial risks in the world's second-biggest economy. The National Audit Office said in a one-line statement on Sunday that it had been instructed by the state council, China's cabinet, to come up with a tally of how much money is owed by all levels of government from villages up to central authorities. http://on.ft.com/13n5e89 Emerging Stocks Fall for Fourth Day on China Data as Rand Slides Emerging-market stocks fell for a fourth day as Chinese industrial companies posted slower profit growth and Samsung Electronics Co. paced a drop in technology shares. South Africa's rand weakened as commodities slid. http://bloom.bg/15qovbS Egypt killings highlight role of Ministry of Interior The killing of dozens of protesters by Egyptian security forces at a rally this weekend has highlighted the resurgence of the country's shadowy ministry of interior, long criticised by activists for its corruption and brutality. http://on.ft.com/11ojvnr Indian cricket chief: not out Indian cricket has seen plenty of unlikely comebacks, but few are as striking as that of the head of the game's governing body, N Srinivasan, who now looks set for an improbable return. http://on.ft.com/18IekRz Chinese companies poised to boost offshore borrowing levels Chinese companies are expected to accelerate offshore borrowing as tightening credit conditions at home and lower costs for loans in Hong Kong dollars and US dollars encourage more businesses to look overseas. http://on.ft.com/179hMkW Oppenheimer to test Brazilian bankruptcy law US-based Oppenheimer Funds is suing JBS, the world's biggest meat exporter, over its lease of the assets of a bankrupt chicken producer, in a case that could prove a test of Brazilian bankruptcy law. http://on.ft.com/1aQB7LC China to freeze trade probes in solar deal China will freeze investigations into European wine and polysilicon exports as part of a landmark settlement with Brussels to defuse a dispute over solar panels. http://on.ft.com/1aR2PYG Emerging Markets MSCI Emerging Market Index down -0.54% at 956.29 Europe FTSE down +0.38% at 6,579 RTS up +0.04% at 1,349 Warsaw Wig up +0.01% at 46,265 FTSE 300 Eurotop up +0.28% at 1,209 Americas DJIA up +0.02% at 15,559 S&P 500 up +0.08% at 1,692 Bovespa up +0.72% at 49,422 Asia Nikkei 225 down -3.32% at 13,661 Topix down -3.31% at 1,128 Hang Seng down -0.54% at 21,850 Shanghai Composite down -1.72% at 1,976 MSCI Asia ex-Japan down -0.89% at 447.69 CNX Nifty down -0.93% at 5,832 Currencies €/$ 1.33 (1.33) $/¥ 97.75 (98.24) Commodities Brent Crude (ICE) up +0.55 at 107.72 Light Crude (Nymex) up +0.32 at 105.02 100 Oz Gold (Comex) unchanged 0.00 at 1,322 |