| * Votorantim suspends $4.9bn Brazil IPO * China launches first carbon market in Shenzhen * Nikkei outperforms Asian stocks as Fed looms * Bahrain: protests, rating review, oil price worries? Time to borrow… * Investors keep faith with southeast Asia * Royalty rise tests Brazilian mining relations * Global fish prices leap to all-time high Markets: down Votorantim suspends $4.9bn Brazil IPO
Votorantim Cimentos, Brazil's largest cement producer, has suspended a R$10.3bn ($4.9bn) initial public offering that would have been the second-largest in the world this year, people familiar with the matter said.
http://www.ft.com/intl/cms/s/0/5d5ae9e8-d84a-11e2-9495-00144feab7de.html China launches first carbon market in Shenzhen
China saw its first-ever domestic transaction in the right to discharge carbon dioxide at the launch of its first pilot carbon market on Tuesday, moving the world's largest CO2 emitting country closer to capping such pollution.
http://www.ft.com/intl/cms/s/0/ccf2987e-d808-11e2-9495-00144feab7de.html Nikkei outperforms Asian stocks as Fed looms
Japanese stocks rose on Wednesday, thanks to a positive lead from Wall Street plus a softer yen, outperforming the rest of Asia which anxiously seeks clarity on the Federal Reserve's next policy step.
http://www.reuters.com/article/2013/06/19/us-markets-global-idUSBRE88901C20130619 Bahrain: protests, rating review, oil price worries? Time to borrow…
Strife-torn Bahrain is looking to tap debt markets a week after Moody's placed the Gulf kingdom on review for a possible downgrade.
http://blogs.ft.com/beyond-brics/2013/06/18/bahrain-protests-rating-review-oil-price-worries-time-to-borrow/ Investors keep faith with southeast Asia
When the operator of the Bangkok SkyTrain listed an infrastructure fund backed by rail fares in April, investors could not get enough of it. The combination of exposure to southeast Asia's rising consumer class, and one of the world's best performing stock markets, was too good to pass up. On the first day of trading shares rose more than 11 per cent.
http://www.ft.com/intl/cms/s/0/d1a41880-d807-11e2-b4a4-00144feab7de.html Royalty rise tests Brazilian mining relations
Brazil's president Dilma Rousseff on Tuesday launched a mining bill that proposes to potentially double royalties in a move that will test strained relations with investors.
http://www.ft.com/intl/cms/s/0/01b72a96-d86a-11e2-b4a4-00144feab7de.html Global fish prices leap to all-time high
Global fish prices have leapt to all-time highs as China's growing appetite for high-end species – from tuna to oysters – runs up against lower catches.
http://www.ft.com/intl/cms/s/0/af42937a-d811-11e2-9495-00144feab7de.html Emerging Markets
MSCI Emerging Market Index down -0.40% at 949.72 Americas
DJIA up +0.91% at 15,318
S&P 500 up +0.78% at 1,652
Bovespa up +0.77% at 49,465 Asia
Nikkei 225 up +1.22% at 13,165
Topix up +1.54% at 1,103
Hang Seng down -1.22% at 20,967
Shanghai Composite down -1.33% at 2,131
MSCI Asia ex-Japan down -0.65% at 512.55
CNX Nifty down -0.37% at 5,792 Currencies
€/$ 1.34 (1.34)
$/¥ 95.27 (95.35) Commodities
Brent Crude (ICE) down -0.04 at 105.98
Light Crude (Nymex) down -0.15 at 98.29
100 Oz Gold (Comex) down -2.00 at 1,365 | 
