| * Iraq fears spread of Syrian violence * Syrians clash with Turkish police * Shares in TNK-BP offshoot fall * Standard Life: calling time on Brazil property * Tele2 sells Russian arm to VTB * Brazil hits growth 'stumbling block' * Peru intensifies currency fight Markets: mostly down Iraq fears spread of Syrian violence Syria's civil war is increasingly threatening to destabilise its neighbour Iraq, widening a sectarian divide in a nation still dealing with the aftermath of the US invasion a decade ago. http://on.ft.com/YFw8f0 Syrians clash with Turkish police Syrian refugees threw rocks at Turkish military police who fired teargas and water cannon on Wednesday, the latest unrest in camps struggling to cope with a flood of people fleeing a civil war. http://on.ft.com/10bgWC4 Shares in TNK-BP offshoot fall The share price of TNK-BP Holding has fallen nearly 40 per cent over the past five trading days amid uncertainty about new owner Rosneft's commitment to minority shareholders. http://on.ft.com/11N8ZIk Standard Life: calling time on Brazil property The sale of two office buildings in central São Paulo may sound like a rather insignificant event in the scale of things. However, Standard Life's decision to sell the two properties, marking an exit of the British insurer's real estate fund from Brazil, could be a bad omen for the country's property market. http://on.ft.com/1008CpL Tele2 sells Russian arm to VTB Swedish telecoms group Tele2 is to sell its Russian mobile operator Tele2 Russia to local bank VTB for $3.55bn, in one of the largest deals in the region since the financial crisis. http://www.ft.com/cms/s/0/2b964bb6-970c-11e2-a77c-00144feabdc0.html Brazil hits growth 'stumbling block' Brazil's slowing economy and fiscal stimulus efforts are weighing on its sovereign credit rating, Fitch said on Wednesday, in the first such note of caution over a country that has been a star of rating agencies. http://on.ft.com/10QKgQD Peru intensifies currency fight For the eighth time in 10 months, Peru's central bank has raised deposit requirements on dollar-denominated accounts to stem the flow of hot money into its fast-growing economy and dampen currency appreciation. http://on.ft.com/16YQoZR Emerging Markets MSCI Emerging Market Index down -0.51% at 1,027 Americas DJIA down -0.23% at 14,526 S&P 500 down -0.06% at 1,563 Bovespa up +0.65% at 56,034 Asia Nikkei 225 down -1.29% at 12,332 Topix down -1.05% at 1,036 Hang Seng down -1.26% at 22,182 Shanghai Composite down -2.48% at 2,244 MSCI Asia ex-Japan down -0.83% at 539.67 S&P CNX Nifty Index down -0.40% at 5,619 Currencies €/$ 1.28 (1.28) $/¥ 94.06 (94.43) Commodities Brent Crude (ICE) up +0.36 at 110.05 Light Crude (Nymex) up +0.48 at 96.58 100 Oz Gold (Comex) down -0.80 at 1,605 |