| * Protests return to Turkey as fears grow of social divisions * China seeks cut in coal usage to boost air quality * Elite Syrian unit scatters chemical arms stockpile * First domestic pharmaceutical group caught up in China probes * Deutsche Börse plans derivatives clearing house in Asia * Sun Hung Kai profits fall amid Hong Kong's property cooling moves * Founder calls on Ecobank chairman to stand down * India's reliance on imported energy threatens long-term recovery * Markets: down Protests return to Turkey as fears grow of social divisions Protests are once more rippling through Turkey, raising fears of prolonged unrest before local and presidential elections next year and at a time when the economy is coming under pressure. http://www.ft.com/intl/cms/s/0/f1b242a6-1bbd-11e3-94a3-00144feab7de.html China seeks cut in coal usage to boost air quality China has announced measures to reduce its reliance on coal and set earlier targets to control the choking air pollution that is an increasing source of discontent for its citizens. http://www.ft.com/intl/cms/s/0/f758cce0-1b84-11e3-b678-00144feab7de.html Elite Syrian unit scatters chemical arms stockpile: "A secretive Syrian military unit at the center of the Assad regime's chemical weapons program has been moving stocks of poison gases and munitions to as many as 50 sites to make them harder for the U.S. to track, according to American and Middle Eastern officials." http://on.wsj.com/1ep4FW3 First domestic pharmaceutical group caught up in China probes Beijing has taken the first step to extend its probe of pharmaceutical corruption in China to domestic drug companies, with state television broadcasting claims that a Chinese drug company bribed doctors with overseas trips. http://www.ft.com/intl/cms/s/0/dda6ce26-1ba4-11e3-94a3-00144feab7de.html Deutsche Börse plans derivatives clearing house in Asia Deutsche Börse, the German exchange operator, is planning to build a derivatives clearing house in Asia, based in Singapore, as part of a strategic push into the region, two people familiar with the matter said. http://www.ft.com/intl/cms/s/0/b1195562-1b64-11e3-b781-00144feab7de.html Sun Hung Kai profits fall amid Hong Kong's property cooling moves The Hong Kong property developer controlled by the family of the billionaire Kwok brothers has posted a double-digit decline in full-year profits, as government measures to dampen prices hit residential demand in the Chinese territory. http://www.ft.com/intl/cms/s/0/ddfc3d36-1b98-11e3-94a3-00144feab7de.html Founder calls on Ecobank chairman to stand down The honorary president and founder of Ecobank Transnational has called on Kolapo Lawson to stand down as chairman amid continuing divisions over alleged mismanagement at the most geographically diverse pan-African bank. http://www.ft.com/intl/cms/s/0/703aaaec-1bc2-11e3-b678-00144feab7de.html India's reliance on imported energy threatens long-term recovery Crisis over? The sharp recovery of the Indian rupee over the past week and the return of foreign investors to the stock market suggest that fears of an Indian balance of payments crisis were overblown. http://www.ft.com/intl/cms/s/0/c20792e2-1b84-11e3-b678-00144feab7de.html Emerging Markets MSCI Emerging Market Index down -0.56% at 984.85 Americas DJIA down -0.17% at 15,301 S&P 500 down -0.34% at 1,683 Bovespa down -0.49% at 53,307 Asia Nikkei 225 down -0.48% at 14,319 Topix down -0.44% at 1,179 Hang Seng down -0.51% at 22,836 Shanghai Composite down -1.02% at 2,233 MSCI Asia ex-Japan down -0.73% at 531.23 CNX Nifty up +0.24% at 5,865 Currencies €/$ 1.33 (1.33) $/¥ 99.59 (99.54) Commodities Brent Crude (ICE) up +0.17 at 112.80 Light Crude (Nymex) up +0.95 at 108.60 100 Oz Gold (Comex) unchanged 0.00 at 1,330 |