| * Rout in Asian shares continues * Investors press Repsol to strike deal over YPF expropriation * PBoC plays hard ball over cash crunch * After QE3, Mexico may be best placed to benefit from US growth * Mahindra Finance backs away from bid for bank licence * Kazakhmys backs oligarch bid for ENRC * Essar Energy upbeat over India power demand Markets: down! Rout in Asian shares continues
The rout in Asian stocks continued after Monday's sharp sell-off, with investors still worried about a cash crunch for Chinese banks, fearing that it could dent growth in the world's second-largest economy.
http://www.ft.com/cms/s/0/30b9b574-dd43-11e2-b52b-00144feab7de.html Investors press Repsol to strike deal over YPF expropriation
Repsol is under increasing pressure from two of its biggest shareholders to strike a deal with Argentina over last year's forced nationalisation of its YPF unit ahead of a board meeting due on Wednesday.
http://on.ft.com/18bgIlX PBoC plays hard ball over cash crunch
The Chinese central bank has taken a hard line on the country's cash crunch, spurring a stock market rout amid concerns that its stance will harm growth prospects this year.
http://on.ft.com/1aGEfL2 After QE3, Mexico may be best placed to benefit from US growth
Mexico's stock market and currency might be getting hammered by the ongoing sell-0ff in emerging market assets, but there could be a silver lining to news that the US Federal Reserve could start scaling back its massive bond buying programme later this year.
http://on.ft.com/1aAJnQG Mahindra Finance backs away from bid for bank licence
Shares in the financial services arm of the Mahindra Group, one of India's largest conglomerates, fell sharply after the company blamed inflexible application rules for its decision not to bid for a banking licence.
http://on.ft.com/11DcYFU Kazakhmys backs oligarch bid for ENRC
A bid by the oligarch founders of Eurasian Natural Resources Corporation to take the Kazakh miner private looks poised for success after securing the backing of its largest shareholder, even as an independent committee set up by the company said it could not recommend their new offer.
http://on.ft.com/14sTh2h Essar Energy upbeat over India power demand
Essar Energy said it was set to profit from increasing demand for power and transport fuels by the fast-growing Indian economy as its own multibillion-dollar investments in the subcontinent begin to bear fruit.
http://on.ft.com/11Ddkwb Emerging Markets
MSCI Emerging Market Index down -0.45% at 879.36 Americas
DJIA down -0.94% at 14,660
S&P 500 down -1.21% at 1,573
Bovespa down -2.32% at 45,965 Asia
Nikkei 225 down -1.86% at 12,820
Topix down -1.88% at 1,069
Hang Seng down -1.42% at 19,533
Shanghai Composite down -3.80% at 1,889
MSCI Asia ex-Japan down -0.94% at 477.15
CNX Nifty up +0.08% at 5,595 Currencies
€/$ 1.31 (1.31)
$/¥ 97.37 (97.72) Commodities
Brent Crude (ICE) down -0.38 at 100.78
Light Crude (Nymex) down -0.52 at 94.66
100 Oz Gold (Comex) down -2.00 at 1,275 | 
