| * Singh demands 'orderly exit' from global easing policies * Russia would 'not exclude' Syria strike if it had UN backing * India crisis threatens big hit on banks * Asia retreats as Syria worries re-emerge * Russia Joins India to Taiwan as Emerging Debt Sales Miss Targets * Seoul issues first dollar bond in four years * Kenya lines up record $1.5bn bond debut * Brazil begins push to widen Bovespa's appeal * Gold miners begin strike in South Africa * Mexican peso: down but not out * India approves $1.6bn acquisition of Agila Specialties by Mylan * Global growth shifts away from emerging economies * Turkish lira hit by central bank inaction * US-Russia grandstanding threatens to hijack G20 debate Markets: mixed Singh demands 'orderly exit' from global easing policies Manmohan Singh, Indian prime minister, on Wednesday urged the developed world to help emerging markets by managing an "orderly exit" from the monetary easing policies that have flooded the world with liquidity since the 2008 financial crisis. http://on.ft.com/15xYXgV Russia would 'not exclude' Syria strike if it had UN backing The Russian president, Vladimir Putin, has not ruled out Moscow supporting military action against Syria, but only if it is backed by a UN resolution and if there is proof "beyond doubt" that President Bashar al-Assad used chemical weapons. http://on.ft.com/15xY9IN India crisis threatens big hit on banks Fears are rising for the health of India's banking system as slowing economic growth and rapid currency depreciation threaten to worsen asset quality and reduce demand for bank credit from large industrial companies. http://on.ft.com/13cBdvb Russia Joins India to Taiwan as Emerging Debt Sales Miss Targets Russia failed to raise as much money as planned at a government bond auction, joining nations from India to Taiwan in missing borrowing targets as investors keep away from emerging-market assets. http://bloom.bg/14pTd2B Asia retreats as Syria worries re-emerge Resurgent nervousness about looming military action in Syria and a lack of strong economic or corporate data pushed Asian equities into the red. http://on.ft.com/14i2Oh8 Seoul issues first dollar bond in four years South Korea is selling $1bn in its first dollar-denominated bond issue in more than four years. Seoul is timing the issue ahead of an expected rise in credit risk as investors fret over the Federal Reserve's reduction of its massive stimulus programmes and a looming military strike on Syria. http://on.ft.com/1dOvlPI Kenya lines up record $1.5bn bond debut Kenya is planning sub-Saharan Africa's biggest debut sovereign bond issue with a $1.5bn note, betting that the forthcoming trial of President Uhuru Kenyatta for alleged crimes against humanity will not deter foreign investors. http://on.ft.com/17JOKxR Brazil begins push to widen Bovespa's appeal After one of Brazil's best decades of economic growth and a private equity boom that has poured billions of dollars into the pockets of company shareholders, the stock exchange's pool of potential investors has never been larger. http://on.ft.com/17sFY11 Gold miners begin strike in South Africa Thousands of miners in South Africa's gold sector downed tools on Tuesday as a fresh wave of industrial unrest hit the struggling mining sector in Africa's largest economy. http://on.ft.com/18AP4Kv Mexican peso: down but not out Oh the perils of being popular. Mexico's peso has been a darling emerging market currency – liquid and widely held – and yet it still tumbled to its lowest level in a year on Tuesday. How unfair! http://on.ft.com/1a4isfg India approves $1.6bn acquisition of Agila Specialties by Mylan India's government has given the go-ahead for US-based pharmaceutical company Mylan's long-stalled $1.6bn acquisition of Indian vaccine and injectable-drug maker Agila Specialties, after months of internal debate over whether to permit the takeover. http://on.ft.com/14ilttc Global growth shifts away from emerging economies Momentum in the global economy is shifting away from emerging markets and back to advanced economies after years in the doldrums, the Organisation for Economic Co-operation and Development said on Tuesday, making significant revisions to its economic forecasts. http://on.ft.com/1dCtDjh Turkish lira hit by central bank inaction The Turkish lira came under renewed pressure yesterday after the central bank failed to announce new measures to shore up one of the currencies most exposed to the recent turbulence in emerging markets. http://on.ft.com/14i3oeV Emerging Markets MSCI Emerging Market Index up +0.27% at 936.43 Europe FTSE down -0.40% at 6,442 RTS up +0.06% at 1,294 Warsaw Wig up +0.26% at 49,097 FTSE 300 Eurotop down -0.46% at 1,207 Americas DJIA up +0.16% at 14,834 S&P 500 up +0.42% at 1,640 Bovespa down -0.40% at 51,626 Asia Nikkei 225 up +0.54% at 14,054 Topix up +0.62% at 1,156 Hang Seng down -0.31% at 22,326 Shanghai Composite up +0.21% at 2,128 MSCI Asia ex-Japan down -0.06% at 441.97 CNX Nifty up +2.00% at 5,448 Currencies €/$ 1.32 (1.32) $/¥ 99.53 (99.56) Commodities Brent Crude (ICE) down -0.50 at 115.18 Light Crude (Nymex) down -0.67 at 107.87 100 Oz Gold (Comex) down -8.50 at 1,404 |