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Financial Times
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New York headlines

* Turkish police storm Taksim Square

* Asian shares lack direction amid Fed tapering debate

* India car sales: what can stop the drop?

* Action by China and US boosts chances of global climate deal

* Chinese rocket launch marks giant leap towards space station

* Samsung Electronics: 9 per cent slide, justified?

* World has 10 years of shale oil, reports US

* India's ONGC backtracks over Mozambique gasfield

* Kinross Gold scraps $1.3bn Ecuador project

* Threat of break-up looms over Mexican telecoms tycoon Slim

* Greek sell-off hopes hit as Gazprom fails to bid for gas supplier

* Brazil real: be careful what you wish for, Mr Mantega

Markets: down!

Turkish police storm Taksim Square
Turkish riot police stormed into Taksim Square in central Istanbul on Tuesday, just 10 days after ceding the area to anti-government protesters, as Prime minister Tayyip Erdogan accused them of deliberately trying to damage the country.
http://on.ft.com/16725MQ

Asian shares lack direction amid Fed tapering debate
Asian shares were mixed ahead of a policy decision by the Bank of Japan while the South Korean market was dragged down by another fall for Samsung Electronics amid concerns over its smartphone sales.
http://on.ft.com/14tDe6a

India car sales: what can stop the drop?
Not again. Car sales fell for the seventh consecutive month in India this May, adding to the longest ever period of decline in the industry and sparking concerns that the market may shrink two years in a row.
http://on.ft.com/167fMvf

Action by China and US boosts chances of global climate deal
China and the US made such strides tackling their carbon dioxide emissions last year that they have boosted the chances of sealing a long-sought global climate deal, the world's energy watchdog said on Monday.
http://on.ft.com/163lMFn

Chinese rocket launch marks giant leap towards space station
China launched its longest-ever space mission on Tuesday, marking another milestone on its path towards developing its own space station. Shenzhou-X lifted off at 5.38pm from the space centre near the northwestern town of Jiuquan with three astronauts on board. They will stay in space for 15 days, the China Manned Space Engineering Office said.
http://on.ft.com/13zoRfm

Samsung Electronics: 9 per cent slide, justified?
Samsung Electronics' new Galaxy S4 smartphone has smashed the company's sales records – but that hasn't been enough to prevent a nasty slide of nearly 9 per cent in its shares over the past three trading days.
http://on.ft.com/1a08Tyt

World has 10 years of shale oil, reports US
Global shale resources are vast enough to cover more than a decade of oil consumption, according to the first-ever US assessment of reserves from Russia to Argentina.
http://on.ft.com/190IRJY

India's ONGC backtracks over Mozambique gasfield
Confusion swirled around a proposed $2.5bn gas deal by two state-backed Indian energy groups in Mozambique, after the companies withdrew a press release on Monday announcing the acquisition.
http://on.ft.com/13T6qkS

Kinross Gold scraps $1.3bn Ecuador project
Canada's Kinross Gold Corporation on Monday dealt a blow to Ecuador's ambitions of attracting more miners, by saying that it was ditching plans for a $1.3bn gold project.
http://on.ft.com/16Yw9OK

Threat of break-up looms over Mexican telecoms tycoon Slim
As Mexico gets ready to unleash a battery of regulations to curb the power of telecoms mogul Carlos Slim, the government is sending clear signals that it will not shy away from breaking up his business if necessary.
http://reut.rs/12eM8VX

Greek sell-off hopes hit as Gazprom fails to bid for gas supplier
Greece's privatisation programme suffered a severe setback when Gazprom failed to bid for Depa, the state-controlled natural gas supplier, as a deadline for binding offers expired on Monday, while only one offer was received for Desfa, which operates the country's gas distribution network.
http://on.ft.com/16Y2O7a

Brazil real: be careful what you wish for, Mr Mantega
Oh the cruel irony. After lobbying for a weaker currency for the past three years, Brazil's government would now give anything to strengthen the real, it seems. The central bank spent a whopping $2.1bn on currency swaps on Monday to prop up the real against the dollar after it hit its weakest intraday level since May 2009.
http://on.ft.com/165OBkz

Emerging Markets
MSCI Emerging Market Index down -1.54% at 957.93

Europe
FTSE down -1.57% at 6,300
RTS down -2.82% at 1,264
Warsaw Wig down -0.74% at 48,134
FTSE 300 Eurotop down -1.65% at 1,174

Americas
DJIA down -0.06% at 15,239
S&P 500 down -0.03% at 1,643
Bovespa down -0.59% at 51,317

Asia
Nikkei 225 down -1.45% at 13,318
Topix down -0.97% at 1,101
Hang Seng down -1.20% at 21,355
Shanghai Composite down -1.39% at 2,211
MSCI Asia ex-Japan down -1.65% at 444.31
CNX Nifty down -1.52% at 5,789

Currencies
€/$ 1.33 (1.33)
$/¥ 96.96 (98.76)

Commodities
Brent Crude (ICE) down -0.97 at 102.98
Light Crude (Nymex) down -0.93 at 94.84
100 Oz Gold (Comex) down -16.50 at 1,370

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