| * Asian stocks and currencies join sell-off after Bernanke comments * China cash crunch deepens as PBOC withholds funding * Kremlin seeks to halt fall of rouble and rules out devaluation * China June flash HSBC PMI hits nine month low on weak demand * Lazada attracts $100m funds from Europe * Traders look to Brazilian motorist for sugar's salvation * China's Wanda in £700m London development Markets: down! Asian stocks and currencies join sell-off after Bernanke comments
Asian equities and currencies sold off after the Federal Reserve laid out a path to the end of quantitative easing in the US. Weak Chinese economic data further dented sentiment.
http://on.ft.com/14L9wK0 China cash crunch deepens as PBOC withholds funding
China's cash crunch deepened on Wednesday after the central bank withheld funding from the financial system, putting pressure on overextended lenders.
http://on.ft.com/17lYRt3 Kremlin seeks to halt fall of rouble and rules out devaluation
The Kremlin has sought to check the stubborn fall of the rouble over the past three days, making clear that it does not intend to directly manipulate the currency in order to stimulate the flagging Russian economy.
http://on.ft.com/12L8JJS China June flash HSBC PMI hits nine month low on weak demand
China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening risks that a second quarter slowdown could be sharper than expected and raising the heat on the central bank to loosen policy.
http://reut.rs/1auVApY Lazada attracts $100m funds from Europe
Lazada, an online retail sales business focused on southeast Asia, has secured $100m in fresh funding from Europe in a sign that investors are backing the potential of the region's fast-growing e-commerce markets.
http://on.ft.com/13U6Jgo Traders look to Brazilian motorist for sugar's salvation
Can the Brazilian motorist save the sugar market? As the world's largest sugar producer and exporter faces another bumper harvest, traders and analysts are asking whether demand from the country's drivers for ethanol made from sugar cane will soak up the extra supplies and provide a floor for prices.
http://on.ft.com/143Wi8x China's Wanda in £700m London development
A Chinese property group is to build a luxury hotel on London's "new South Bank" as part of a £700m investment, underlining the capital's attractions for foreign investors.
http://on.ft.com/16IpTqT Emerging Markets
MSCI Emerging Market Index down -2.48% at 923.29 Americas
DJIA down -1.35% at 15,112
S&P 500 down -1.39% at 1,629
Bovespa down -3.18% at 47,893 Asia
Nikkei 225 down -0.99% at 13,114
Topix down -0.96% at 1,096
Hang Seng down -2.52% at 20,458
Shanghai Composite down -1.42% at 2,113
MSCI Asia ex-Japan down -2.84% at 498.77
CNX Nifty down -2.11% at 5,700 Currencies
€/$ 1.33 (1.33)
$/¥ 97.13 (96.46) Commodities
Brent Crude (ICE) down -1.35 at 104.77
Light Crude (Nymex) down -1.36 at 96.88
100 Oz Gold (Comex) down -29.50 at 1,344 | 
