| * Asia investors cautious ahead of Fed meeting * Peña Nieto pledges transformational reform of Pemex * Brazilian economic protests spread across the country * Indonesian parliament approves fuel price increase * China demands US explanation over surveillance claims * Turkish assets down on latest political unrest * Brazil: Itaú expands credit card business * Li Ka-shing seals €950m Dutch waste deal * S&P downgrades Venezuelan debt Markets: mixed Asia investors cautious ahead of Fed meeting Asian markets opened a touch lower as investors remained cautious ahead of Wednesday's Federal Reserve meeting, which may yield more detail on any planned reduction in asset purchases. http://on.ft.com/12FMKnA Peña Nieto pledges transformational reform of Pemex Enrique Peña Nieto, the Mexican president, vowed to press ahead with what he claimed would be a "transformational" reform of Pemex, the state-owned oil monopoly, a controversial move widely expected to unleash billions of dollars of foreign investment. http://on.ft.com/13UXzPi Brazilian economic protests spread across the country Brazil's student bus fare protests spread throughout the country`s major cities late on Monday with hundreds of protesters invading areas of the national Congress complex in Brasília. http://on.ft.com/18TRBVK Indonesian parliament approves fuel price increase Indonesia's parliament has approved a bid by President Susilo Bambang Yudhoyono to cut a ballooning fuel subsidy bill that has driven the state budget into a deficit and undermined investor confidence. http://on.ft.com/13P3DKT China demands US explanation over surveillance claims China has broken its silence over the case of Edward Snowden, the former intelligence contractor, to demand that the US explain the extensive internet surveillance he revealed. http://on.ft.com/12QqSaE Turkish assets down on latest political unrest Turkey's currency, bonds and stocks fell again on Monday as fresh clashes between police and protesters further tarnished the country's image as a haven of stability in the Middle East. http://reut.rs/1alt22i Brazil: Itaú expands credit card business No rest for Brazil's biggest bank, Itaú Unibanco, it seems. The lender announced late on Monday its $307m acquisition of a 51 per cent stake in Chilean retailer Cencosud's credit card business in Chile and Argentina. http://on.ft.com/16BFpon Li Ka-shing seals €950m Dutch waste deal Li Ka-shing's Cheung Kong group of companies is paying €950m ($1.27bn) for a Dutch waste collection and incineration company, highlighting the appeal of income generating assets among cash-rich Asian investors. http://on.ft.com/17fEKN9 S&P downgrades Venezuelan debt Standard & Poor's, the credit rating agency, downgraded Venezuela's sovereign debt on Monday over concerns about the mounting economic and political crisis facing the embattled new president, Nicolás Maduro. http://on.ft.com/13OKdFP Emerging Markets MSCI Emerging Market Index down -0.37% at 953.61 Americas DJIA up +0.73% at 15,180 S&P 500 up +0.76% at 1,639 Bovespa down -0.49% at 49,089 Asia Nikkei 225 down -0.51% at 12,967 Topix up +0.03% at 1,085 Hang Seng down -0.64% at 21,090 Shanghai Composite down -0.22% at 2,152 MSCI Asia ex-Japan down -0.11% at 515.71 CNX Nifty down -0.56% at 5,817 Currencies €/$ 1.34 (1.34) $/¥ 94.87 (94.49) Commodities Brent Crude (ICE) up +0.11 at 105.58 Light Crude (Nymex) up +0.07 at 97.84 100 Oz Gold (Comex) down -0.90 at 1,382 |