| * Nabiullina to head Russia central bank * Strike hits Anglo American coal mine * Indian companies face year of slow recovery * Mexico: next stop, a rating upgrade? * Egypt rules out IMF emergency finance * High oil prices bolsters YPF profit * SGX eyes link with Korean exchange * Shell: Nigeria shutdown starts to add up * Mexico's telecoms: unexpected effects Markets: mixed Nabiullina to head Russia central bank President Vladimir Putin named Elvira Nabiullina, his chief economic aide, to become the next head of Russia's central bank, raising questions about the bank's commitment to a strict inflation-fighting policy. http://on.ft.com/WGLSxa Strike hits Anglo American coal mine Workers at a South African coal mine operated by Anglo American downed tools on Tuesday in a sign that industrial unrest in the sector could be spreading. http://on.ft.com/WGM1R2 Indian companies face year of slow recovery India's largest companies are facing a year of slow, unsteady recovery, despite slightly improved industrial production data on Tuesday and predictions of fresh interest rate cuts to spur investment next week. http://on.ft.com/13Rz491 Mexico: next stop, a rating upgrade? Standard & Poor's, the rating agency, on Tuesday shifted its outlook on Mexico's sovereign credit rating to "positive" from "stable" and signalled a possible upgrade during the next 18 months. http://on.ft.com/16pTdTq Egypt rules out IMF emergency finance In an apparent attempt to exert pressure on the International Monetary Fund, Egypt has ruled out seeking emergency finance from the fund and said it still wants to secure a $4.8bn loan agreement. http://on.ft.com/YXZ1vX High oil prices bolsters YPF profit Argentine oil group YPF unveiled an upbeat set of results nearly a year after it was nationalised by the government, but analysts warned the company still had a lot to prove. http://on.ft.com/12KPX65 SGX eyes link with Korean exchange SGX, the Singapore exchange, is to explore processing off-exchange derivatives with the Korea Exchange amid signs that the largest financial centres in Asia are looking at partnerships to allow them to meet wide-ranging global new rules covering derivatives trading. http://on.ft.com/Y8K0LK Shell: Nigeria shutdown starts to add up Shell's Nigerian subsidiary is losing over $33m per week since it shut one of its two major pipelines and said it would not be able to fulfill key contracts. The oil giant has blamed vandals for the disruption. http://on.ft.com/16ps3Mw Mexico's telecoms: unexpected effects President Enrique Peña Nieto wants to transform Mexico's telecoms and television industries, and his reform proposals have just been announced. But the shares of the incumbent companies in the sector – América Móvil , Televisa, and TV Azteca– have shrugged. All are down less than 4 per cent over the last week. http://on.ft.com/Y8cK7u Emerging Markets MSCI Emerging Market Index down -0.23% at 1,055 Americas DJIA up +0.02% at 14,450 S&P 500 down -0.24% at 1,552 Bovespa down -0.57% at 58,209 Asia Nikkei 225 down -0.50% at 12,254 Topix down -0.25% at 1,033 Hang Seng down -0.67% at 22,738 Shanghai Composite down -1.36% at 2,256 MSCI Asia ex-Japan down -0.39% at 550.45 S&P CNX Nifty Index down -0.49% at 5,885 Currencies €/$ 1.30 (1.30) $/¥ 95.74 (96.06) Commodities Brent Crude (ICE) down -0.22 at 109.43 Light Crude (Nymex) up +0.18 at 92.72 100 Oz Gold (Comex) up +0.30 at 1,592 |