| * Loss of US momentum subdues Asia shares * Venezuela grants president decree powers * Ukraine close to gas deal with Slovakia * Sanctions did not get Iran to the table * BP reaches Gulf of Mexico rigs record * China: initial plenum offerings * Negotiators nervously eye China's resistance in IT trade talks * Pakistan's world-class businesses held back by energy crisis * Markets: mixed Loss of US momentum subdues Asia shares Asia-Pacific bourses were mixed, echoing a loss of momentum in the US market, with Japanese trade data failing to galvanise the Nikkei. http://on.ft.com/17n6kq3 Venezuela grants president decree powers Although Maduro said he needed the powers to fix the economy, critics have accused him of amassing power ahead municipal elections http://on.ft.com/1eheeD7 Ukraine close to gas deal with Slovakia Brussels intervenes to open Slovak corridor in last-ditch effort to persuade Kiev to sign a pact that would cement closer ties with Europe http://on.ft.com/1eheceD Sanctions did not get Iran to the table Tehran first suggested strong measures similar to recent proposals in 2005, long before the current regime was put into place http://on.ft.com/1eheeDa BP reaches Gulf of Mexico rigs record The group has brought its fleet in the area to a company record of nine in a sign its recovery from the Deepwater Horizon disaster is gathering pace http://on.ft.com/1eheeDf China: initial plenum offerings Reform could lead to healthier stocks but investors may have to wait a bit longer http://on.ft.com/1ehecuQ Negotiators nervously eye China's resistance in IT trade talks China is again resisting calls to reduce tariffs on a wide range of IT products it imports, threatening efforts to update the 1996 international agreement that governs the trade in electronic goods. http://on.ft.com/17I9u4B Pakistan's world-class businesses held back by energy crisis Last July, Ali Ansari, the chief executive of Engro, a Pakistani conglomerate with interests in fertilisers, energy, petrochemicals, trading and food, got on a plane for the short flight to the capital city of Islamabad from the commercial centre of Karachi. http://on.ft.com/185HcHd Emerging Markets MSCI Emerging Market Index down -0.37% at 1,021 Americas DJIA down -0.06% at 15,967 S&P 500 down -0.20% at 1,788 Bovespa down -2.35% at 53,033 Asia Nikkei 225 up +0.04% at 15,133 Topix down -0.25% at 1,234 Hang Seng up +0.33% at 23,737 Shanghai Composite down -0.08% at 2,191 MSCI Asia ex-Japan down -0.25% at 556.21 CNX Nifty down -0.35% at 6,182 Currencies €/$ 1.36 (1.35) $/¥ 99.98 (100.13) Commodities Brent Crude (ICE) up +0.24 at 107.16 Light Crude (Nymex) up +0.25 at 93.59 100 Oz Gold (Comex) unchanged 0.00 at 1,273 |