* Chinese economy grows 8.1% in Q1
* Infosys beats expectations; shares sink
* North Korea confirms rocket failure
* Syria enters a ‘fragile’ truce
* Latin America top choice for emerging private equity-survey
* Myanmar looks to develop capital markets
* India challenges US over steel duties
* ECB has serious concern about Hungary central-bank independence
* BG in sale talks over Brazil gas distributor
* Cambodia May Lure Up to 10 IPOs a Year, Korea Bourse Says
* Markets: mixed
Chinese economy grows 8.1% in Q1
China’s economy grew 8.1 per cent in the first quarter from a year earlier, its slowest pace in nearly three years, the FT reports. With Europe struggling and the US recovery appearing to ebb, signs of strength from China, the world’s second-largest economy, could still help allay fears of a global slowdown.
Infosys beats expectations; shares sink
Shares in Infosys, India’s second-largest software maker, fell sharply on Friday after it gave weak guidance for the coming year. The shares lost as much as 11 per cent in early trading – despite the fact that company profits in the last quarter beat expectations, reports beyondbrics.
North Korea confirms rocket failure
North Korea has confirmed that the long-range rocket it launched on Friday failed to send a satellite into orbit, after the US and South Korea said the missile blew apart early into flight, the FT reports.
Syria enters a ‘fragile’ truce
Syrian troops halted their withering offensive on opposition areas as a truce went into effect Thursday, but the United Nations said Damascus hadn’t yet fully complied by pulling its troops and weapons from the nation’s towns and cities, the WSJ reports.
Latin America top choice for emerging private equity-survey
Latin America, excluding Brazil, has overtaken that country to become the number one destination for emerging market private equity investors over the next year, as they prefer Mexico, Colombia and Peru, according to a survey released on Friday, reports Reuters.
Myanmar looks to develop capital markets
Myanmar will take its first steps to develop its capital markets after enlisting the help of the Tokyo Stock Exchange and Daiwa Securities to develop a securities exchange, the FT reports.
India challenges US over steel duties
India has launched a trade dispute against the US at the World Trade Organisation over duties on its steel products, escalating trade tensions between the two countries.The move marks the latest chapter in an outbreak of litigiousness pitting India and the US against each other at the global trade body – which could raise concerns about a souring of their economic relations, the FT reports.
ECB has serious concern about Hungary central-bank independence
The European Central Bank said it has “serious concerns” about the independence of the Hungarian monetary-policy authority even after the government amended legislation to meet conditions to start bailout talks, Bloomberg reports.
BG in sale talks over Brazil gas distributor
BG Group is in talks with Cosan, Royal Dutch Shell’s Brazilian partner, to sell its 60 per cent stake in the country’s largest gas distributor in a deal estimated to be worth more than $1bn, the FT reports.
Cambodia May Lure Up to 10 IPOs a Year, Korea Bourse Says
Cambodia’s stock market, which is set to open next week after several delays, may be able to lure five-to-10 initial public offerings a year, according to Korea Exchange Inc., the Cambodian government’s partner in the bourse, reports Bloomberg.
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