| * China and Singapore agree renminbi pact * Trading cautious ahead of US jobs data * Starbucks chief defends China coffee prices * South Korean stocks win favour * Apollo's deal for Cooper Tire hits snag * Simandou stand-off poses Guinea dilemma * Trouble brewing in Myanmar * Consortium wins Brazil deepwater oilfield auction * BHP raises iron ore output forecasts Markets: mixed China and Singapore agree renminbi pact Asian city-state to become the latest country to introduce direct trading with China's currency, a week after London agrees a similar deal http://on.ft.com/1ddWBpJ Trading cautious ahead of US jobs data Australian stocks hit a fresh peak on signs China's economy has revived, but Greater Chinese markets weighed by fears of developing property bubble http://on.ft.com/17FIX7C Starbucks chief defends China coffee prices John Culver, who is based in Seattle, said the price of a Starbucks café latte in China was close to and in some cases lower than competitors' prices http://www.ft.com/cms/s/0/71bafbd2-3ab3-11e3-9243-00144feab7de.html South Korean stocks win favour Foreign investors target a market that is tightly correlated to economic recovery in China, Europe and the US http://on.ft.com/1ddWBpN Apollo's deal for Cooper Tire hits snag Trustees of the US group's UK pension scheme might ask regulators to intervene amid concern additional debt would become obligation of Cooper http://www.ft.com/cms/s/0/2d06f304-3a6a-11e3-9243-00144feab7de.html Simandou stand-off poses Guinea dilemma Guinea is keen to pursue allegations of BSGR bribery over Simandou, but the legal dispute leaves conundrum for the government and investors http://www.ft.com/cms/s/0/6f27deac-3686-11e3-aaf1-00144feab7de.html Trouble brewing in Myanmar Legal dispute in Myanmar between a Thai conglomerate and its military-linked local partner is shaping up as a test case for foreign investment http://on.ft.com/17FIZMO Consortium wins Brazil deepwater oilfield auction A consortium led by Anglo-Dutch oil major Shell, France's Total and PetroChina and its sister company Cnooc, won the bid for Brazil's Libra deepwater oilfield in an auction on Monday. http://on.ft.com/GYf6QY BHP raises iron ore output forecasts BHP Billiton nudged up its forecast for iron ore output this year as the world's largest mining group by volume said it was seeing the benefits of improvements at its Australian operations that supply the key steelmaking commodity. http://on.ft.com/19qqLCf Emerging Markets MSCI Emerging Market Index down -0.24% at 1,040 Europe FTSE up +0.24% at 6,670 RTS down -0.19% at 1,511 Warsaw Wig down -0.31% at 53,684 FTSE 300 Eurotop up +0.14% at 1,283 Americas DJIA down -0.05% at 15,392 S&P 500 up +0.65% at 1,745 Bovespa unchanged 0.00% at 56,077 Asia Nikkei 225 up +0.13% at 14,713 Topix up +0.17% at 1,214 Hang Seng down -0.52% at 23,316 Shanghai Composite down -0.83% at 2,211 MSCI Asia ex-Japan down -0.19% at 482.62 CNX Nifty down -0.03% at 6,203 Currencies €/$ 1.37 (1.37) $/¥ 98.36 (98.18) Commodities Brent Crude (ICE) up +0.47 at 110.11 Light Crude (Nymex) down -0.32 at 98.90 100 Oz Gold (Comex) down -1.80 at 1,314 |