* Zuma warns on Africa’s trade ties to China
* Biosev pulls Brazil IPO in blow to owner Louis Dreyfus
* Lowest Czech Yields Prompt Ministry to Mull Pre-Funding
* China to buy US assets via GM pension
* Indonesia opens door for DBS deal
* Syrian regime hits back after bomb attack
* Brazil halts phone groups’ contract sales
* BP, Russian partners in talks on TNK-BP stake
* Israel blames Iran for Bulgaria bus bomb that kills 6
* Bulgaria: terror casts cloud over tourism
* Markets: up
Zuma warns on Africa’s trade ties to China
Jacob Zuma, the South African president, has warned that Africa’s burgeoning trade ties with China, the continent’s biggest trading partner, are “unsustainable in the long term”, underscoring the concerns some African countries have about an imbalance in trade ties.
Biosev pulls Brazil IPO in blow to owner Louis Dreyfus
Biosev, the Brazilian unit of global commodities firm Louis Dreyfus Corp , pulled plans to sell shares for the first time, citing lack of demand, according to a source with knowledge of the situation, reports Reuters.
Lowest Czech Yields Prompt Ministry to Mull Pre-Funding
Record low Czech bond yields are prompting the Finance Ministry to consider raising funding for 2013 as early as in September to help cushion the eastern European Union nation from the euro-region’s debt crisis, according to Bloomberg.
China to buy US assets via GM pension
The Chinese government has agreed to buy investment stakes currently held by General Motors’ pension plan, in a deal that will make Beijing a sizeable investor in many of the US and Europe’s largest private equity funds, the FT reports.
Indonesia opens door for DBS deal
A compromise in Indonesia over the vexed question of the ownership of the country’s banks. The central bank has announced, as expected, that it is ending a near free-for-all in ownership of local banks by reducing from 99 per cent to 40 per cent the limit on shareholdings by other financial institutions.
Syrian regime hits back after bomb attack
The enemies of Syrian President Bashar al-Assad struck at the heart of his regime on Wednesday when a bomb exploded in the national security headquarters in the heart of the capital, killing at least three top security officials, including the defence minister and Assef Shawkat, the leader’s brother-in-law, the FT reports.
Brazil halts phone groups’ contract sales
Brazil’s telecoms regulator has suspended three of the country’s biggest mobile phone operators from offering new contracts in one of the toughest moves yet to improve the nation’s poor infrastructure, the FT reports.
BP, Russian partners in talks on TNK-BP stake
BP PLC and its Russian partners confirmed Wednesday that they have entered talks that could result in the Russian partners significantly increasing their shareholding in the joint venture TNK-BP, Russia’s third-largest oil producer, the WSJ reports.
Israel blames Iran for Bulgaria bus bomb that kills 6
Six people were killed in a bomb attack on a bus carrying Israeli tourists at a Bulgarian airport on Wednesday and Israel accused Tehran of carrying out the attack, promising a strong response to “Iranian terror”, Reuters reports.
Bulgaria: terror casts cloud over tourism
International attention has rightly focused on the tragedy on Thursday that left eight Israeli holidaymakers dead and dozens injured, and the implications for the Middle East. But the bombing also leaves Bulgaria, a peaceful and peaceable country, deeply shaken, reports beyondbrics.
MSCI Emerging Market Index up +1.09% at 941.01
FTSE up +0.32% at 5,704
RTS up +2.15% at 1,420
Warsaw Wig up +0.12% at 40,420
FTSE 300 Eurotop up +0.70% at 1,061
DJIA up +0.81% at 12,909
S&P 500 up +0.67% at 1,373
Bovespa up +1.25% at 54,583
Nikkei 225 up +0.79% at 8,796
Topix up +0.90% at 747.13
Hang Seng up +1.66% at 19,559
Shanghai Composite up +0.73% at 2,185
MSCI Asia ex-Japan up +1.43% at 405.57
S&P CNX Nifty Index up +0.51% at 5,243
€/$ 1.23 (1.23)
$/¥ 78.63 (78.78)
Brent Crude (ICE) up +1.41 at 106.57
Light Crude (Nymex) up +1.01 at 90.88
100 Oz Gold (Comex) up +11.40 at 1,582