* Carlos Slim invests $40m in music app Shazam
* Asian shares fall on Fed taper fears after jobs data
* Bangladesh factories face inspections after safety deal
* Greece close to agreement on averting bailout crisis
* Philippines struggles to create jobs despite booming economy
* Guest post: using sanctions to promote responsible investment in Myanmar
* Mexico is the fund managers’ favourite
Carlos Slim invests $40m in music app Shazam
América Móvil, the telecoms operator controlled by Carlos Slim, has invested $40m in music recognition app Shazam, in what is thought to the Mexican billionaire’s first investment in a UK company.
Asian shares fall on Fed taper fears after jobs data
Asian shares tumbled on Monday as strong U.S. jobs growth reinforced the likelihood that the Federal Reserve will roll back its stimulus in coming months, sending the dollar to a three-year high against a basket of major currencies.
Bangladesh factories face inspections after safety deal
Bangladeshi factories making clothes for 70 mostly European multinationals will be inspected over the next nine months under a new safety accord that lets labour activists hold companies accountable for not enforcing standards.
Greece close to agreement on averting bailout crisis
The Greek government appeared on Sunday night to be on the verge of dodging the most serious threat to its bailout programme in half a year after agreeing to fresh reforms with international lenders.
Philippines struggles to create jobs despite booming economy
Weekends for Elvie, a Filipina garments sewer who works at a factory that makes women’s tops for Macy’s and other US retailers, do not start until late Saturday afternoon. That is when the 41-year-old mother travels the 40km from the Cavite export processing zone to see her husband and three children in Manila.
Guest post: using sanctions to promote responsible investment in Myanmar
A bold experiment has been launched in the realm of sanctions policy among developed countries. Since July 1, US companies and investors have been required to submit reports on their activities in Myanmar as a condition of making new investments there.
Mexico is the fund managers’ favourite
China often springs to mind when one hears the words “emerging markets growth”, but it is Mexico that is loved most by fixed income managers– and for some it is a place where they are looking to set up business.
MSCI Emerging Market Index down -1.19% at 906.65
DJIA up +0.98% at 15,136
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Bovespa down -1.21% at 45,210
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Hang Seng down -1.87% at 20,464
Shanghai Composite down -1.61% at 1,975
MSCI Asia ex-Japan down -1.84% at 493.18
CNX Nifty down -1.34% at 5,790
€/$ 1.28 (1.28)
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Brent Crude (ICE) up +0.11 at 107.83
Light Crude (Nymex) up +0.37 at 103.59
100 Oz Gold (Comex) up +2.50 at 1,215