| * Asian shares lack direction amid Fed tapering debate * Action by China and US boosts chances of global climate deal * India's ONGC backtracks over Mozambique gasfield * Kinross Gold scraps $1.3bn Ecuador project * Erdogan hits at financiers in effort to quell Turkey protests * Threat of break-up looms over Mexican telecoms tycoon Slim * Greek sell-off hopes hit as Gazprom fails to bid for gas supplier * Brazil real: be careful what you wish for, Mr Mantega Markets: down! Asian shares lack direction amid Fed tapering debate
Asian shares were mixed ahead of a policy decision by the Bank of Japan while the South Korean market was dragged down by another fall for Samsung Electronics amid concerns over its smartphone sales.
http://on.ft.com/14tDe6a Action by China and US boosts chances of global climate deal
China and the US made such strides tackling their carbon dioxide emissions last year that they have boosted the chances of sealing a long-sought global climate deal, the world's energy watchdog said on Monday.
http://on.ft.com/163lMFn India's ONGC backtracks over Mozambique gasfield
Confusion swirled around a proposed $2.5bn gas deal by two state-backed Indian energy groups in Mozambique, after the companies withdrew a press release on Monday announcing the acquisition.
http://on.ft.com/13T6qkS Kinross Gold scraps $1.3bn Ecuador project
Canada's Kinross Gold Corporation on Monday dealt a blow to Ecuador's ambitions of attracting more miners, by saying that it was ditching plans for a $1.3bn gold project.
http://on.ft.com/16Yw9OK Erdogan hits at financiers in effort to quell Turkey protests
Amid the political confrontation in Turkey, prime minister Recep Tayyip Erdogan is increasing sounding an economic note, hitting out at financiers, urging boycotts of private businesses and promising to "throttle" speculators as he seeks to mobilise opinion against the protesters who have shaken the country.
http://on.ft.com/11bmf4g Threat of break-up looms over Mexican telecoms tycoon Slim
As Mexico gets ready to unleash a battery of regulations to curb the power of telecoms mogul Carlos Slim, the government is sending clear signals that it will not shy away from breaking up his business if necessary.
http://reut.rs/12eM8VX Greek sell-off hopes hit as Gazprom fails to bid for gas supplier
Greece's privatisation programme suffered a severe setback when Gazprom failed to bid for Depa, the state-controlled natural gas supplier, as a deadline for binding offers expired on Monday, while only one offer was received for Desfa, which operates the country's gas distribution network.
http://on.ft.com/16Y2O7a Brazil real: be careful what you wish for, Mr Mantega
Oh the cruel irony. After lobbying for a weaker currency for the past three years, Brazil's government would now give anything to strengthen the real, it seems. The central bank spent a whopping $2.1bn on currency swaps on Monday to prop up the real against the dollar after it hit its weakest intraday level since May 2009.
http://on.ft.com/165OBkz Emerging Markets
MSCI Emerging Market Index down -0.77% at 965.40 Americas
DJIA down -0.06% at 15,239
S&P 500 down -0.03% at 1,643
Bovespa down -0.59% at 51,317 Asia
Nikkei 225 down -0.87% at 13,397
Topix down -0.52% at 1,106
Hang Seng down -0.89% at 21,424
Shanghai Composite down -1.39% at 2,211
MSCI Asia ex-Japan down -1.24% at 519.43
CNX Nifty down -0.49% at 5,849 Currencies
€/$ 1.33 (1.33)
$/¥ 98.74 (98.76) Commodities
Brent Crude (ICE) down -0.16 at 103.79
Light Crude (Nymex) up +0.06 at 95.83
100 Oz Gold (Comex) down -2.30 at 1,384 | 
