Paralysis in Cairo: Joseph notes the website of the Egyptian stock exchange is down as the death toll in Egypt keeps rising and the economic damage mounts. India curbs outward investment to help rupee: In its latest move to bolster the rupee the Reserve Bank of India cut the maximum outward direct investment allowed for future deals to a quarter of the old level, reducing it to 100 per cent of the net worth of the Indian investor from 400 per cent unless special permission is granted. Michigan muni fund lost 5% of assets as Detroit went bust: "The biggest Michigan-focused municipal-bond fund lost 5 percent of its assets to net withdrawals last month as Detroit sank into bankruptcy, according to Morningstar Inc. Investors took $66 million from the $1.3 billion Franklin Resources Inc. (BEN) portfolio, Morningstar said yesterday in a report. It said muni-bond funds shrank by $10.2 billion in July, half by those holding intermediate- and long-term bonds. RWE to close plants as profit drops: "German utility RWE said it would shut down around 6% of its total power-generation capacity as a drop in electricity demand due to the recession and competition from renewable energy hit profit." IAG places $5.4bn order with Airbus for Vueling expansion: IAG, parent of British Airways and Iberia, also outlined options to buy up to 58 more narrow-body aircraft for Vueling, as it seeks to provide strong competition for low-cost carriers led by Ryanair and easyJet. Markets: The FTSE Eurofirst 300 is seeing a 0.5 per cent loss after another slide in Tokyo hit sentiment in Asia. US index futures suggest Wall Street's S&P 500 will shed four points to 1,681, not helped by a poorly-received earnings report by IT services and equipment group Cisco. The euro is up 28 pips to $1.3283, supported by news this week that the single currency bloc has emerged from an 18-month recession. Such news had helped global stocks flirt with fresh five-year highs and pushed the S&P 500 to a record level at the start of August. Industrial commodities had bounced, too writes the FT's Global Markets Muad'Dib Jamie Chisholm.