* Tunisian leader dissolves government

* ISS deals blow to Rothschild over Bumi

* Rebels intensify attack on Damascus Read more

* China aims weapons at Japanese warship

* Argentina refuses Vale’s call for tax breaks

* SABMiller seeks China fillip with Kingway Read more

* Turkish troops pursue Kurdish militants

* Iraq projects $100bn investment in oil fields

* India oil refiners seek $2.8bn fuel subsidy Read more

So much for the relief rally. Asian stocks rose on Wednesday, European ones followed suit… and then it was all over, at least for now.

Shares in Budapest were down 6.8 per cent at 16:15 BST. Warsaw’s WIG20 index was off 7.2 per cent. Confidence evaporated as soon as markets opened in New York and Wednesday’s whiff of confidence – generated by the Fed’s decision late on Tuesday to leave interest rates low until 2013 – faded away. Read more

I’m fascinated by Huawei Technologies: it encapsulates all the challenges that fast-growing Chinese companies face – from governance to branding – and then some.

It’s already the world’s second largest manufacturer of mobile network equipment by revenue, but Huawei’s latest big bet is to be one of the world’s top three mobile handset brands by 2015. Wan Biao, chief executive of Huawei’s device unit, set the target at Wednesday’s launch of its cloud-computing  smartphone, the “Vision”, based on Google’s Android operating system.

 Read more

Yingluck Shinawatra raises her arm with a trademark salute, showing the sign of her party being first on the ballot sheet, to a large crowd of supporters Thailand has managed weathered the political uncertainty of the elections, but now, as parliament is expected to sit for the first time on Monday, it is the turn of the economists to get worried.

What do they think of the raft of populist policies the winning party of prime minister-elect Yingluck Shinawatra has promised, which include a 40 per cent rise in the minimum wage, increased social security and a slew of major infrastructure projects? Read more

http://www.lavozdegalicia.es/mundo/2011/07/13/0003_201107G13P28991.htmIt is well known that Hugo Chávez is a former military man. Many are also aware of his passion for baseball, a career the left-handed pitcher abandoned in order to join the army. But it often goes unmentioned that he is also an enthusiastic painter.

Venezuela’s multi-talented leader clearly wanted to remind the nation of this, as he greeted ministers to a televised cabinet meeting at the presidential palace this morning, while putting the finishing touches to his latest masterpieceRead more

This week on beyondbrics:

- Moody’s warns on China debt. Should we care?

- Where in the world is Jiang Zemin?

- Bank of Moscow gets $14bn bailout, investors hit the panic button and bondholders wonder what’s left for them.

- The Brazilian credit bubble debate continues here and here.

- A simple idea to save EgyptRead more

Behind the headline noise of an ongoing currency war, a possible credit bubble, and a slide in sugar production, one crucial part of Brazil’s economy, grain output, is plodding quietly and steadily ahead.

On Thursday, the country raised output projections for the 2010/2011 harvest to 162m tonnes, an 8.6 per cent rise on last year and an all-time record for the batch of commodities, which has been boosted by expansion of farmland in Brazil’s fertile interior and the persistence of hungry people worldwide. Read more

Tuesday’s top picks from the beyondbrics team: inflation in Russia hits material comforts, more on investors’ reaction to the Thai elections and and why China thinks the US is in trouble. Read more

A new leader in Thailand, supermarket wars in Brazil and employment problems in Indian and South Africa. Not to mention China explaining why it its support is very good for Africa. Read more

In a video interview, Russian president Dmitry Medvedev tells the FT’s Neil Buckley that there is no “growing gap” between himself and Vladimir Putin as they both prepare to decide which one of them will run in next year’s presidential election. Read the full transcript of a separate FT print interview here and the resulting story  – Moscow’s Enigma – here.

Wen Jiabao Europe visitThe start of the week will be dominated by the outcome of the MSCI Annual Market Classification Review. There are four country indices on the review list: Korea and Taiwan for potential reclassification to developed markets and Qatar and United Arab Emirates for potential reclassification to emerging markets.

The focus at the end of the week will centre on the European visit of Chinese prime minister, Wen Jiabao. He is scheduled to visit Hungary, Britain and Germany. Markets will be watching closely for how Wen handles economic expectations. Read more

Shares in Brasil Foods (BRFS3:SAO), the world’s biggest poultry exporter, surged by more than 4 per cent in São Paulo on Wednesday after regulators postponed a decision on whether or not to break the company up.

CADE, the competitions watchdog, had been due to rule on the merger of Perdigão and Sadia, which created Brasil Foods, more than two years after it was announced in May 2009. Read more

* Syrian tanks take Jisr al-Shughour

* China’s bank lending falls sharply in May

* Vietnam seeks US support in China dispute

* Indian IT outsourcers face fresh challenges

* Eastern Europe pushes back euro adoption

* Villagers protest at POSCO’s $12bn Orissa project Read more

The start of the week will be dominated by news on Turkey as the results of Sunday’s parliamentary elections get digested, dissected and analysed. The ruling AK Party, headed by Recep Tayyip Erdogan, is all but certain to return to power with a comfortable majority. But the broader question for investors is whether the political stability that has allowed businesses to plan ahead with relative confidence over the last nine years will continue. Read more

Just when people were beginning to wonder whether Hugo Chavez’s gammy knee might have permanently damaged his love of the television camera, he was back last night with a bang.

Having stayed out of the public eye for several weeks, he called a “cadena”, a broadcast which all terrestrial channels are obliged to show, to trumpet his government’s progress in the health sector – although of late housing is an issue that has received even more attention.

This is all part of a broader campaign ahead of presidential elections next year, intended to convince Venezuelans that his revolutionary government has achieved great things, and must be re-elected. Read more

On or off? The deadline passes on Monday for BP to try and save its controversial deal with Rosneft, the Russian state oil company. But it could be extended if Rosneft decides it’s worth going on, despite the concessions BP has made to the Russian partners in its existing Russian venture, TNK-BP. Read more

It’s not much of a rally but it’s a rally nonetheless. Commodity prices rose on Monday for the first time in five trading days as some investors decided that last week’s mega sell-off may have gone a bit too far.

After an 11 per cent fall last week, the biggest since 2008, the S&P GSCI commodities index was up over 1 per cent in Asian trading prompting modest rallies in equities, including in emerging markets. But the after-shocks of last week reverberate: the FT on Monday reported how Clive Capital, the world’s biggest commodities hedge fund, lost $400m. There must be others out there, including some – perhaps, unable to take the hit. Read more

By Sarah Mishkin in Abu Dhabi

Qatar may have snagged the World Cup and even post-crash Dubai is overrun with Wall Streeters, but the countries’ equity markets don’t even rank as emerging – MSCI, the influential index provider, still classifies them as frontier markets, alongside countries such as Serbia, Lebanon and Pakistan.

MSCI, whose indices are tracked by funds worth billions of dollars, will announce in June whether Qatar and the UAE’s bourses will qualify for its Emerging Markets index. But by the looks of it, investors are not optimistic that the countries will make the cutRead more