New York morning headlines


If this email is not displayed correctly, please click on the following link or open your browser and
paste the link into the address field: http://view.ed4.net/v/TWK799/IQDTEF/L9FG77J/BMU6DR/

Financial Times
beyondbrics



New York headlines

* 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

Advertisement

Tools
Your account Portfolio
Email Briefings Price alerts
Keyword alerts RSS feeds
© THE FINANCIAL TIMES LTD 2009
ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page on FT.com
Change Briefings UnsubscribeChange Email AddressForward this email to a friendPrivacy Policy About UsHelp
The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.