| * PBoC hints at new status quo for China's banks * Repsol rejects Argentina settlement over seizure of YPF * More economic turmoil in Iran after presidential election * Share, bonds rebound after soothing central bank talk, gold slumps * Emerging economies lead switch to renewable energy * Walmart suffers setback in India with executive's departure * Nigeria dismisses UK migrant bond proposal * Indian rupee hits record low * Rio Tinto suspends use of Mozambique rail line Markets: up PBoC hints at new status quo for China's banks
The acute phase of China's cash squeeze appears to have ended, with no major casualties to mention. But analysts say the crunch's fallout may be felt for months to come in the form of slower Chinese growth and weaker appetite for commodities from copper to oil.
http://on.ft.com/149H7fE Repsol rejects Argentina settlement over seizure of YPF
Repsol's board has unanimously rejected a settlement with Argentina over last year's expropriation of its YPF unit proposed by one of the Spanish oil group's largest shareholders.
http://on.ft.com/12qs3Ga More economic turmoil in Iran after presidential election
Iran is suffering a new round of economic instability after the unexpected victory of moderate president-elect Hassan Rohani earlier this month.
http://on.ft.com/11IblH0 Share, bonds rebound after soothing central bank talk, gold slumps
Asian shares extended gains for a second day on Thursday, buoyed by a rise in global equities on expectations that the U.S. Federal Reserve will not rush to end its stimulus program, and by further signs of improvement in China's strained money markets.
http://reut.rs/138hiyP Emerging economies lead switch to renewable energy
Renewable energy will provide more of the world's electricity than gas-fired power plants by 2016, the International Energy Agency has said, as sources such as hydro, wind and solar power grow rapidly in emerging economies, especially China.
http://on.ft.com/19uSILU Walmart suffers setback in India with executive's departure
The executive leading Walmart's expansion in India has left the company suddenly, in the latest setback for the retailer as it deals with allegations of wrongdoing and investment restrictions in the country.
http://on.ft.com/19tOe8k Nigeria dismisses UK migrant bond proposal
Britain's proposal for a migrant bond has been dismissed by Nigeria as a "blunt instrument" that will damage commercial ties. Lagos has threatened to impose similar barriers to Britons entering Nigeria should it be enforced.
http://on.ft.com/16zUtCg Indian rupee hits record low
India's currency suffered further heavy losses as the US dollar broke through the psychological barrier of 60 rupees, sending the currency to a record low. The Indian rupee was the worst performing emerging market currency on a day that saw some other developing country currencies claw back some losses with the dollar rising nearly 2 per cent to touch Rs60.76.
http://on.ft.com/14xw5zP Rio Tinto suspends use of Mozambique rail line
Rio Tinto has suspended using the vital rail line that it and other mining companies operating in Mozambique rely on to export coal in the wake of threats made by former rebels to sabotage the network.
http://on.ft.com/10lmRat Emerging Markets
MSCI Emerging Market Index up +1.35% at 914.12 Americas
DJIA up +1.02% at 14,910
S&P 500 up +0.96% at 1,603
Bovespa up +0.59% at 47,172 Asia
Nikkei 225 up +2.30% at 13,130
Topix up +1.95% at 1,090
Hang Seng up +1.32% at 20,607
Shanghai Composite up +0.40% at 1,959
MSCI Asia ex-Japan up +1.91% at 498.37
CNX Nifty up +1.10% at 5,650 Currencies
€/$ 1.30 (1.30)
$/¥ 97.78 (97.68) Commodities
Brent Crude (ICE) up +0.53 at 102.19
Light Crude (Nymex) up +0.38 at 95.88
100 Oz Gold (Comex) up +8.40 at 1,238 | 
