* Goldman Sachs Asset Management chief O'Neill to retire - Financial Times (blog)

* China aims weapons at Japanese warship

* Argentina refuses Vale's call for tax breaks

* SABMiller seeks China fillip with Kingway

* Bulgaria links Hizbollah to July bus blast

* Sinopec shares fall on equity offering plans

* Ahmadi-Nejad faces criticism in Egypt

* Goldman Sachs Asset Management chief O'Neill to retire

* Indonesian consumers keep economy humming

* Mali seeks new leader to combat old guard

Markets: up

China aims weapons at Japanese warship
Japan has accused the Chinese navy of aiming weapons at a Japanese warship in a "dangerous" escalation of the Sino-Japanese dispute over the Senkaku Islands.
http://on.ft.com/WXDEhk

Argentina refuses Vale's call for tax breaks
Argentina has given Brazil's Vale until the end of the month to spell out when work will restart at its $5.9bn potash project and its investment timetable for this year, after rejecting the company's request for as much as $2bn in tax breaks.
http://on.ft.com/14CINhw

SABMiller seeks China fillip with Kingway
SABMiller, the world's second-largest brewer by sales, has agreed to pay Rmb5.38bn ($864m) in cash to acquire a lossmaking Chinese brewery business.
http://on.ft.com/TI7cjt

Bulgaria links Hizbollah to July bus blast
The EU was under pressure on Tuesday to designate Hizbollah a terrorist organisation after Bulgaria accused the Lebanese militant group of being behind a deadly bus bombing in the Black Sea resort of Burgas last July.
http://www.ft.com/cms/s/0/bdea623e-6fa9-11e2-956b-00144feab49a.html

Sinopec shares fall on equity offering plans
Shares in Sinopec fell more than 6 per cent in Hong Kong on Tuesday after the majority Chinese government-owned oil and gas group said it would raise HK$24bn (US$3.1bn) in its biggest equity offering since the company listed in 2000.
http://on.ft.com/TIbHKP

Ahmadi-Nejad faces criticism in Egypt
Mahmoud Ahmadi-Nejad, the Iranian president, arrived on a historic visit to Cairo on Tuesday only to face a reprimand by the Grand Sheikh of al-Azhar, the highest authority in Sunni Islam.
http://on.ft.com/VC3UuC

Goldman Sachs Asset Management chief O'Neill to retire
Jim O'Neill, the chairman of Goldman Sachs Group Inc's asset management division who coined the popular term "BRIC" to refer to four fast-growing emerging markets, will retire later this year, according to an internal memo sent out on Tuesday.
http://reut.rs/14PMotA

Indonesian consumers keep economy humming
One of the main constraints to Indonesian growth is clear to see outside the 12-hectare Ciputra World development in downtown Jakarta, which will eventually incorporate a five-star Raffles hotel alongside offices, apartments and shops.
http://on.ft.com/XgS62j

Mali seeks new leader to combat old guard
The coup leader sat in his hilltop barracks, the interim president in a nearby palace overlooking the Malian capital. Far below, in an office alongside the river Niger, the prime minister completed the trio of men struggling for ultimate power.
http://on.ft.com/XKriaD

Emerging Markets
MSCI Emerging Market Index up +0.07% at 1,068

Americas
DJIA up +0.71% at 13,979
S&P 500 up +1.04% at 1,511
Bovespa down -0.22% at 59,445

Asia
Nikkei 225 up +3.81% at 11,468
Topix up +3.33% at 970.95
Hang Seng up +0.57% at 23,280
Shanghai Composite down -0.05% at 2,432
MSCI Asia ex-Japan up +0.08% at 553.09
S&P CNX Nifty Index up +0.30% at 5,975

Currencies
€/$ 1.36 (1.36)
$/¥ 93.85 (93.61)

Commodities
Brent Crude (ICE) up +0.03 at 116.55
Light Crude (Nymex) up +0.03 at 96.67
100 Oz Gold (Comex) up +0.40 at 1,673