| * Foxconn admits student labour violations * India in talks to gain entry to benchmark indexes for emerging market debt * Pakistan plagued by politics and power cuts * Netanyahu warns UK on Iran ties * America's retreat threatens China's rise * US agrees nuclear power deal with Vietnam * China is the biggest danger to EM rally * Carlsberg spreads bets beyond Russia * Sinopec raises €550m from euro bond sale * Markets: up Foxconn admits student labour violations Electronics manufacturer acknowledges that some student interns worked overtime and night shifts at one of its factories in northeast China http://on.ft.com/19EgEMB "India is talking with JP Morgan and others to gain entry to benchmark indexes for emerging market debt in hopes of attracting billions of dollars in investment and may ease some restrictions on foreign inflows in order to do so, sources said." http://reut.rs/1fnlOPk Pakistan plagued by politics and power cuts Despite an increase in terrorism, security is not the biggest problem for investors with a lack of transparency and corruption hampering deals http://on.ft.com/19EgFjv Netanyahu warns UK on Iran ties Prime Minister Benjamin Netanyahu urges Britain to insist that Tehran recognise Israel and 'stop calling for its annihilation' before restoring ties http://on.ft.com/19EgFjw America's retreat threatens China's rise Just as the US is scaling back its provision of global security, so it is taking a more hard-edged view of its role as guarantor of the open economic system http://on.ft.com/19EgEMD US agrees nuclear power deal with Vietnam US secretary of state John Kerry signs an agreement that will allow US companies to sell nuclear power knowhow to former wartime foe http://on.ft.com/19EgEME China is the biggest danger to EM rally US rate increases will impact on emerging markets but they face another risk that they have not had to contend with before: slowing growth in China http://on.ft.com/19EgFjz Carlsberg spreads bets beyond Russia Russia accounts for about 30% operating profit at Danish brewer, so recent crackdown on alcohol by Putin's government means expansion elsewhere is key http://on.ft.com/17q28RK Sinopec raises €550m from euro bond sale Sinopec becomes the second state-owned group to raise money in the euro bond market, as the country seeks to lower its reliance on the dollar http://on.ft.com/17q2bgw Emerging Markets MSCI Emerging Market Index up +0.83% at 1,022 Americas DJIA up +2.18% at 15,126 S&P 500 up +2.18% at 1,693 Bovespa up +0.85% at 52,997 Asia Nikkei 225 up +1.57% at 14,418 Topix up +1.72% at 1,198 Hang Seng up +1.25% at 23,239 Shanghai Composite down -0.94% at 2,191 MSCI Asia ex-Japan up +1.16% at 552.45 CNX Nifty up +0.59% at 6,056 Currencies €/$ 1.35 (1.35) $/¥ 98.46 (98.15) Commodities Brent Crude (ICE) down -0.11 at 111.69 Light Crude (Nymex) down -0.19 at 102.82 100 Oz Gold (Comex) down -5.00 at 1,292 |