| * Most Asia shares rebound but Shanghai extends slide * China in fresh effort to calm shaken markets * Taiwan companies pressed in battle for talent * Argentina asks US Supreme Court to hear defaulted creditors case * Ford's hopes in India rest on SUV launch * AirAsia abandons Japanese venture with ANA * Disgruntled factory workers in China hold their US boss hostage * Dilma's reforms: what she should do, and why she won't Markets: mixed Most Asia shares rebound but Shanghai extends slide Most Asian shares turned around a four-day losing streak and rose on Wednesday as investors took comfort from U.S. data underscoring an American recovery and assurances from China's central bank that it will offer funds to banks if needed. http://reut.rs/15DVmr1 China in fresh effort to calm shaken markets China's central bank made what appeared to be an abrupt U-turn on Tuesday, pledging to provide liquidity support to banks in a bid to ease the fears of investors rattled by the country's cash crunch. http://www.ft.com/cms/s/0/7d270942-dd7b-11e2-a756-00144feab7de.html Taiwan companies pressed in battle for talent The stereotypical Foxconn worker is a low-paid Chinese labourer, coming from a rural Chinese province to work on one of the contract manufacturers' assembly lines making iPhones. But the Taiwanese company also employs thousands of mid-level and senior engineers and designers tasked with developing the processes needed to put together electronics. http://on.ft.com/1aMaqsl Argentina asks US Supreme Court to hear defaulted creditors case Argentina has filed an appeal to the US Supreme Court in its legal battle with hedge fund creditors led by Elliott Management, seeking to reverse a lower-court ruling last October that ordered it to pay defaulted creditors when it paid performing debt. http://on.ft.com/137Mhfm Ford's hopes in India rest on SUV launch It isn't every day that a $2bn investment rides on a single car launch in India, but on Wednesday executives at Ford will wait nervously to see if their latest model will justify the company's heavy spending in Asia's third-largest economy. http://www.ft.com/cms/s/0/db8c75e0-dd84-11e2-892b-00144feab7de.html AirAsia abandons Japanese venture with ANA AirAsia, the Malaysia-based no-frills carrier, has admitted defeat in a two-year attempt to break into Japan's low-cost airline market after abandoning a joint venture with ANA, the Japanese airline, citing disagreements over strategy. http://on.ft.com/19ycaUt Disgruntled factory workers in China hold their US boss hostage The machines are all ready to go. But the lights are out at Specialty Medical Supplies, a small American company that has been making alcohol swabs and plastic parts in Qiaozi, a sleepy town at the foothills just north of Beijing, for 10 years. http://on.ft.com/11Ez8rv Dilma's reforms: what she should do, and why she won't After a meeting with governors and mayors on Monday called in response to the biggest protests in Brazil in nearly a generation, President Dilma Rousseff announced five pacts ranging from political reform to better public health. http://on.ft.com/17cqEc1 Emerging Markets MSCI Emerging Market Index up +0.96% at 894.35 Americas DJIA up +0.69% at 14,760 S&P 500 up +0.95% at 1,588 Bovespa up +2.02% at 46,893 Asia Nikkei 225 down -0.06% at 12,962 Topix down -0.10% at 1,078 Hang Seng up +1.02% at 20,058 Shanghai Composite down -1.32% at 1,934 MSCI Asia ex-Japan up +1.33% at 487.48 CNX Nifty up +0.26% at 5,624 Currencies €/$ 1.31 (1.31) $/¥ 97.78 (97.80) Commodities Brent Crude (ICE) down -0.53 at 100.73 Light Crude (Nymex) down -0.73 at 94.59 100 Oz Gold (Comex) down -23.30 at 1,252 |