| * Brazil acts after real hits four-year low * India's Apollo in $2.5bn deal for Cooper Tire * Emerging market currencies claw back losses * Asian stocks slip on World Bank as kiwi drops; yen gains * UAE and Qatar gain upgrade to EM status * EM economies in danger of overheating, World Bank says * Tanzania faces tax exemptions dilemma * China coal import ban sparks industry battle * Investors not liking Banorte's plans for a $3bn share offering Markets: down! Brazil acts after real hits four-year low
Brazil has reduced a financial transactions tax on currency derivatives to zero after its currency, the real, hit four-year lows against the dollar on Wednesday.
http://on.ft.com/1a5QGzv India's Apollo in $2.5bn deal for Cooper Tire
Apollo Tyres is to pay $2.5bn for one of the largest US tyre makers, in the biggest Indian acquisition of a US company to date.
http://on.ft.com/1bwrmAE Emerging market currencies claw back losses
Emerging market currencies clawed back some of their losses against the US dollar following sharp falls sustained during the week.
http://on.ft.com/12FV0W3 Asian stocks slip on World Bank as kiwi drops; yen gains
Asian equities tumbled, with the region's benchmark index headed toward a correction, and the yen rose to the strongest in two months against the dollar after the World Bank cut its global growth forecast amid concern central banks may pare monetary stimulus. New Zealand's currency fell.
http://bloom.bg/14xClcL UAE and Qatar gain upgrade to EM status
Qatar and the United Arab Emirates will be upgraded to emerging market status by a leading index provider, opening the countries' exchanges to increased global investment flows.
http://on.ft.com/15WotrK EM economies in danger of overheating, World Bank says
Some of the world's fastest growing emerging economies are in danger of overheating and should tighten monetary or fiscal policy, the World Bank has warned.
http://on.ft.com/11Imzuu Tanzania faces tax exemptions dilemma
As politicians in the rich world debate how to close corporate tax loopholes and plug yawning fiscal gaps, it is worth taking into consideration the curious case of Tanzania.
http://on.ft.com/18yL6HU China coal import ban sparks industry battle
Two of China's most powerful energy lobbies are at loggerheads over a controversial proposal to ban imports of low quality coal which, if implemented, could radically reshape the global coal trade.
http://on.ft.com/193wA7B Investors not liking Banorte's plans for a $3bn share offering
The Mexican stock market might be down 9 per cent this year. But that is not deterring Grupo Financiero Banorte from charging ahead with plans for what would be the country's largest share offering this year.
http://on.ft.com/1a22V0b Emerging Markets
MSCI Emerging Market Index down -1.53% at 939.75 Americas
DJIA down -0.84% at 14,995
S&P 500 down -0.84% at 1,613
Bovespa down -1.18% at 49,181 Asia
Nikkei 225 down -4.82% at 12,649
Topix down -3.66% at 1,056
Hang Seng down -2.68% at 20,782
Shanghai Composite down -3.08% at 2,143
MSCI Asia ex-Japan down -2.11% at 505.96
CNX Nifty down -0.63% at 5,724 Currencies
€/$ 1.34 (1.33)
$/¥ 94.77 (96.00) Commodities
Brent Crude (ICE) down -0.38 at 103.11
Light Crude (Nymex) down -0.50 at 95.38
100 Oz Gold (Comex) down -0.90 at 1,391 | 
