| * Nikkei falls but losses muted as Asia awaits US jobs data * Reliance to invest $26 billion over three years * S&P cuts outlook on Brazil sovereign rating * SEC charges Thai trader with fraud over Smithfield stock orders * Venezuela: here comes hyperinflation * Blackstone in $1bn Brazil property venture * Aditya Birla pursues growth outside India * China's Wanda nears deal for James Bond yachtmaker * Huawei report sparks doubts on Chinese involvement in UK projects Markets: mixed Nikkei falls but losses muted as Asia awaits US jobs data Most Asian markets opened in the red, although losses were muted ahead of key US non-farm payrolls data due out later in the global day. http://on.ft.com/13fy5vP Reliance to Invest $26 Billion Over Three Years Reliance Industries Ltd Thursday outlined a three-year investment plan of 1.5 trillion rupees ($26 billion) to further expand its businesses which range from gas production and oil refining to selling groceries and vegetables. http://on.wsj.com/14z5QYc S&P cuts outlook on Brazil sovereign rating Standard & Poor's late on Thursday lowered the outlook on Brazil's sovereign rating in a warning for a country that until recently has been a rising star of credit rating agencies. http://on.ft.com/1baBLSy SEC charges Thai trader with fraud over Smithfield stock orders A Thailand-based trader made a $3.2m profit by buying securities of Smithfield Foods days before the US pork producer announced its takeover by China's Shuanghui International, US regulators alleged on Thursday. http://on.ft.com/10Tl1hC Venezuela: here comes hyperinflation More bad news for Nicolas Maduro, Venezuela's embattled new president. The latest inflation figures are in, and if the gloomier predictions are to be believed, hyperinflation could even be around the corner. http://on.ft.com/19MW4HK Blackstone in $1bn Brazil property venture Blackstone Group and its Brazilian partner are set to sign a $1bn deal with homebuilder Gafisa for a controlling stake in its high-end residential subsidiary, according to people familiar with the matter. http://on.ft.com/193KGbD Aditya Birla pursues growth outside India Kumar Mangalam Birla, the head of the Aditya Birla group, India's third-largest conglomerate by revenues, said worsening conditions in Asia's third-largest economy would see his company delay capital expenditure while continuing to seek investment opportunities abroad. http://on.ft.com/10SQHUi China's Wanda nears deal for James Bond yachtmaker A Chinese property group is close to buying Sunseeker, Britain's largest luxury yachtmaker by sales, underscoring the growing appetite for European luxury assets among Chinese buyers. http://on.ft.com/10TGdnB Huawei report sparks doubts on Chinese involvement in UK projects The Chinese are one of the main targets for George Osborne in his attempts to attract investment in infrastructure projects such as power stations and transport. http://on.ft.com/13fyFtt Emerging Markets MSCI Emerging Market Index down -0.28% at 982.33 Americas DJIA up +0.53% at 15,041 S&P 500 up +0.85% at 1,623 Bovespa up +0.16% at 52,885 Asia Nikkei 225 down -1.73% at 12,681 Topix down -2.17% at 1,048 Hang Seng down -1.28% at 21,559 Shanghai Composite down -0.77% at 2,225 MSCI Asia ex-Japan down -0.63% at 529.07 CNX Nifty down -0.33% at 5,902 Currencies €/$ 1.33 (1.32) $/¥ 96.38 (96.94) Commodities Brent Crude (ICE) up +0.19 at 103.80 Light Crude (Nymex) up +0.05 at 94.81 100 Oz Gold (Comex) down -3.10 at 1,413 |