| * Chidambaram seeks to quell concerns over rupee * Venezuela fills void left by Iranian oil export sanctions * Brazil acts after real hits four-year low * Emerging Markets Act to Stem Capital Flight * India's Apollo in $2.5bn deal for Cooper Tire * Emerging market currencies claw back losses * Indonesia: time to panic? * Korean rates: holding on * The big money bails on Argentina - again * Asian stocks slip on World Bank as kiwi drops; yen gains * EM economies in danger of overheating, World Bank says * Tanzania faces tax exemptions dilemma * China coal import ban sparks industry battle * Investors not liking Banorte's plans for a $3bn share offering Markets: down!! Chidambaram seeks to quell concerns over rupee
India's finance minister has urged investors not to panic over the sharp weakening of the rupee, saying that India's economy is stronger today than last year and its long-term prospects are good.
http://on.ft.com/17Ja6et Venezuela fills void left by Iranian oil export sanctions
Caracas, a close ally of Tehran, is quietly taking advantage of the impact of US and European oil sanctions on Iran to capture some of the market the Middle Eastern country is losing in the booming Asian region, particularly in China and India.
http://on.ft.com/10enUuZ Brazil acts after real hits four-year low
Brazil has reduced a financial transactions tax on currency derivatives to zero after its currency, the real, hit four-year lows against the dollar on Wednesday.
http://on.ft.com/1a5QGzv Emerging Markets Act to Stem Capital Flight
Emerging markets from Brazil to India took steps to stem an outflow of capital as concern mounts that developed nations are approaching the beginning of the end of an era pumping unprecedented liquidity.
http://bloom.bg/14y6qca India's Apollo in $2.5bn deal for Cooper Tire
Apollo Tyres is to pay $2.5bn for one of the largest US tyre makers, in the biggest Indian acquisition of a US company to date.
http://on.ft.com/1bwrmAE Emerging market currencies claw back losses
Emerging market currencies clawed back some of their losses against the US dollar following sharp falls sustained during the week.
http://on.ft.com/12FV0W3 Indonesia: time to panic?
Indonesia's central bank turned its attention from growth to inflation and the currency on Thursday, with a surprise 25bp interest rate hike.
http://on.ft.com/1a6DcUh Korean rates: holding on
While other Asian policy makers are seemingly losing their nerve, South Korea's central bank held its policy interest rate steady at 2.5 per cent on Thursday, resisting any temptation to cut to promote growth.
http://on.ft.com/1a6OLe1 The big money bails on Argentina - again
More than a decade after Argentina's epic financial collapse of 2001-02, many investors are rushing for the door once again.
http://reut.rs/1a6jOXB Asian stocks slip on World Bank as kiwi drops; yen gains
Asian equities tumbled, with the region's benchmark index headed toward a correction, and the yen rose to the strongest in two months against the dollar after the World Bank cut its global growth forecast amid concern central banks may pare monetary stimulus. New Zealand's currency fell.
http://bloom.bg/14xClcL EM economies in danger of overheating, World Bank says
Some of the world's fastest growing emerging economies are in danger of overheating and should tighten monetary or fiscal policy, the World Bank has warned.
http://on.ft.com/11Imzuu Tanzania faces tax exemptions dilemma
As politicians in the rich world debate how to close corporate tax loopholes and plug yawning fiscal gaps, it is worth taking into consideration the curious case of Tanzania.
http://on.ft.com/18yL6HU China coal import ban sparks industry battle
Two of China's most powerful energy lobbies are at loggerheads over a controversial proposal to ban imports of low quality coal which, if implemented, could radically reshape the global coal trade.
http://on.ft.com/193wA7B Investors not liking Banorte's plans for a $3bn share offering
The Mexican stock market might be down 9 per cent this year. But that is not deterring Grupo Financiero Banorte from charging ahead with plans for what would be the country's largest share offering this year.
http://on.ft.com/1a22V0b Emerging Markets
MSCI Emerging Market Index down -1.50% at 940.10 Europe
FTSE down -1.13% at 6,228
RTS down -0.97% at 1,251
Warsaw Wig down -0.33% at 48,224
FTSE 300 Eurotop down -1.20% at 1,161 Americas
DJIA down -0.84% at 14,995
S&P 500 down -0.84% at 1,613
Bovespa down -1.18% at 49,181 Asia
Nikkei 225 down -6.35% at 12,445
Topix down -4.78% at 1,044
Hang Seng down -2.19% at 20,887
Shanghai Composite down -2.83% at 2,148
MSCI Asia ex-Japan down -1.95% at 439.01
CNX Nifty down -1.06% at 5,699 Currencies
€/$ 1.33 (1.33)
$/¥ 94.39 (96.00) Commodities
Brent Crude (ICE) down -0.28 at 103.21
Light Crude (Nymex) down -0.32 at 95.56
100 Oz Gold (Comex) down -5.70 at 1,386 | 
