| * Indonesia approves DBS acquisition of 40% of Bank Danamon * Strong demand in China helps boost Burberry sales to £2bn * China reveals details of first carbon trading scheme * Li Keqiang pledges China boost to India trade * BlackRock taps Asia with property deal * Carlos Slim stubs out cigarette habit * China's Cathay returns to Discovery Metals bid * Russia's markets: the Kudrin card Markets: mostly up
Indonesia approves DBS acquisition of 40% of Bank Danamon
DBS, southeast Asia's largest bank by assets, on Tuesday won approval from Indonesia for the acquisition of up to 40 per cent of Bank Danamon, the country's sixth largest bank.
Strong demand in China helps boost Burberry sales to £2bn
Rising sales in China helped annual revenues at Burberry hit £2bn for the first time, as the British luxury goods group banks on the giant Asian economy and Latin America for further growth.
China reveals details of first carbon trading scheme
Operating details of China's first pilot carbon-trading scheme, in Shenzhen, have been released as it gets ready to launch next month, and as the country prepares to roll out seven pilot schemes by 2014.
Li Keqiang pledges China boost to India trade
Li Keqiang, Chinese premier, pledged on Tuesday to open China's markets to Indian goods to help narrow India's gaping bilateral trade deficit and boost mutual commerce between the two largest developing nations to $100bn a year. http://on.ft.com/13E8F9Y
BlackRock taps Asia with property deal
BlackRock has planted a flag in Asian property by buying MGPA, a Singapore-based private equity firm, in a deal that highlights investor demand for assets that offer steady income and protection against inflation.
Carlos Slim stubs out cigarette habit
Carlos Slim is always on the move: reviewing, restructuring and reinventing his companies. His latest action in this direction came on Tuesday with his industrial conglomerate, Grupo Carso, exiting its investment in Philip Morris México (PMM). http://on.ft.com/191SAAE
China's Cathay returns to Discovery Metals bid
Cathay Fortune, the Chinese private equity group controlled by billionaire Yu Yong, has made a fresh takeover offer for Discovery Metals, the latest twist in a long-running takeover saga. The troubled African copper miner said the new indicative proposal was worth A$0.35-A$0.40 a share, or A$170m-A$195m ($166m-$191m). http://on.ft.com/14vKiOS
Russia's markets: the Kudrin card
As Russia's economy slows, one name comes up more and more in conversations – that of Alexei Kudrin, the former finance minister who either resigned or was sacked, depending on whom you talk to, in September 2011. http://on.ft.com/190Fjs8
Emerging Markets
MSCI Emerging Market Index up +0.19% at 1,050
Americas
DJIA up +0.34% at 15,388
S&P 500 up +0.17% at 1,669
Bovespa up +1.01% at 56,265 Asia
Nikkei 225 up +1.19% at 15,564
Topix up +0.65% at 1,279
Hang Seng unchanged 0.00% at 23,366
Shanghai Composite up +0.11% at 2,308
MSCI Asia ex-Japan up +0.22% at 563.41
CNX Nifty up +0.28% at 6,131 Currencies
€/$ 1.29 (1.29)
$/¥ 102.47 (102.46) Commodities
Brent Crude (ICE) down -0.33 at 103.58
Light Crude (Nymex) down -0.49 at 95.69
100 Oz Gold (Comex) unchanged 0.00 at 1,378 | 
