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Financial Times
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New York headlines

* 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

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