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London headlines

* Seoul vows tough response to North Korea

* Market not liking that Argentina holdout offer…

* Apple bows to Chinese pressure

* Novartis loses Indian patent case

* Brazil to probe Anglo American port accident

* Norwegian airline counts on Asian tourists

* Taiwan to ease rules for Chinese banks

* Carrefour eyes Brazil and China for growth

Markets: mixed

Seoul vows tough response to North Korea
South Korea's president has instructed her country's military to respond to any North Korean provocation, in a warning to Pyongyang that will further escalate tensions between the two rivals.
http://on.ft.com/YpQ43m

Market not liking that Argentina holdout offer…
The market is not liking Argentina's offer to holdout creditors. News that the country has offered to pay holdouts only on the same terms as two previous debt swaps pushed yields on Argentina's restructured note due 2033 up to a fresh high on Monday.
http://on.ft.com/10jhFC8

Apple bows to Chinese pressure
Apple has given in to intense pressure from Chinese state media about its customer service practices, apologising to consumers in its second-largest market.
http://on.ft.com/XT3EZe

Novartis loses Indian patent case
India's Supreme Court has rejected a plea from Novartis, the Swiss pharmaceuticals group, to patent its cancer drug Glivec, in a landmark ruling health activists say will allow India's generics industry to keep making cheaper versions of newer medicines.
http://on.ft.com/10gjMXu

Brazil to probe Anglo American port accident
Prosecutors have launched an inquiry into a fatal accident at Anglo American's port in northern Brazil, fearing it may also have caused environmental damage in the Amazon region.
http://www.ft.com/cms/s/0/588b2c9e-9b13-11e2-97ad-00144feabdc0.html

Norwegian airline counts on Asian tourists
Norwegian Air Shuttle, Europe's third-biggest budget airline by revenues, is counting on growing numbers of Asian tourists to fill its seats as its fleet nearly triples to between 150 and 200 aircraft over the next seven years.
http://on.ft.com/Z5375L

Taiwan to ease rules for Chinese banks
Taiwan will ease rules to allow Chinese banks to buy bigger stakes in local banks and permit more Chinese firms to invest in its financial industry, the island's financial regulator said on Monday, marking a major advance in cross-strait ties.
http://on.ft.com/100oM2z

Carrefour eyes Brazil and China for growth
Carrefour is working on a plan to expand its operations in Brazil and China, the details of which the French retailer is set to reveal at the start of next year, according to the group's chairman and chief executive.
http://on.ft.com/10sYrZE

Emerging Markets
MSCI Emerging Market Index down -0.02% at 1,031

Americas
DJIA down -0.04% at 14,573
S&P 500 down -0.45% at 1,562
Bovespa down -0.80% at 55,902

Asia
Nikkei 225 down -0.87% at 12,029
Topix down -0.50% at 995.59
Hang Seng up +0.02% at 22,303
Shanghai Composite down -0.38% at 2,226
MSCI Asia ex-Japan up +0.02% at 542.55
S&P CNX Nifty Index down -0.12% at 5,698

Currencies
€/$ 1.29 (1.28)
$/¥ 92.65 (93.21)

Commodities
Brent Crude (ICE) down -0.26 at 110.82
Light Crude (Nymex) down -0.30 at 96.77
100 Oz Gold (Comex) up +2.60 at 1,603

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