| * China debt auction failure raises liquidity fears * Turkish PM steps back from confrontation with protesters * Asian markets follow Wall Street higher * LNG trade falls for first time in 30 years * Infosys hikes salaries to boost morale * Batista promises to hold on to OGX stock * Iran supreme leader urges large turnout in presidential elections * Brazil's fiscal spending fails to translate into growth * China group plans $40bn Panama Canal rival * Investors lose bet on EM local currency debt * Chidambaram says no need for 'panic' over Indian economy * Venezuela fills void left by Iranian oil export sanctions * Indonesia rate rise unlikely to set precedent for emerging markets Markets: up! China debt auction failure raises liquidity fears
The Chinese government failed to sell all its bonds at an auction on Friday, a sign of how cash has become increasingly tight in the slowing economy.
http://on.ft.com/1aavMPO Turkish PM steps back from confrontation with protesters
The Turkish government has stepped back from a final confrontation with the protesters who have rocked the country in recent weeks, striking an outline deal that both sides hope will resolve the issue that originally triggered the demonstrations.
http://on.ft.com/14Ai46t Asian markets follow Wall Street higher
Asian equity markets opened higher after a strong session on Wall Street, providing welcome calm after a week of volatility.
http://on.ft.com/152i3Fh LNG trade falls for first time in 30 years
After an uninterrupted three-decade expansion, global trade of liquefied natural gas suffered its first ever annual drop last year, according to a closely watched report.
http://on.ft.com/14AcuB0 Infosys hikes salaries to boost morale
Narayana Murthy, the co-founder of Infosys who returned to the helm of the company just weeks ago, has arrived like Santa Claus -bearing gifts.
http://on.ft.com/1a9Nmn5 Batista promises to hold on to OGX stock
Brazilian billionaire Eike Batista on Thursday pledged he would not sell any more shares of his flagship oil exploration and production company OGX Petróleo e Gás Participações after news of an earlier sale spooked investors this week.
http://on.ft.com/177keOD Iran supreme leader urges large turnout in presidential elections
Iran's leaders called for a high turnout as the country went to the polls on Friday to choose a successor to outgoing president Mahmoud Ahmadi-Nejad.
http://on.ft.com/1bCLQHY Brazil's fiscal spending fails to translate into growth
Edno Santana de Vasconcelos, a resident of Brasília, was delighted when he secured a new dwelling earlier this year under the government's "my home, my life" housing programme for lower income earners.
http://on.ft.com/12JfSfd China group plans $40bn Panama Canal rival
A $40bn proposal for a little-known Chinese company to dig an interoceanic rival to the Panama Canal won overwhelming backing from Nicaraguan lawmakers on Thursday, despite environmentalists' opposition and doubts about its economic viability.
http://on.ft.com/13JEsaV Investors lose bet on EM local currency debt
Investors in emerging market local currency bonds are among the biggest losers from the recent sell-off in emerging market assets.
http://on.ft.com/11KNea9 Chidambaram says no need for 'panic' over Indian economy
India's finance minister has urged investors not to panic over the sharp weakening of the rupee, saying that India's economy is stronger today than last year and its long-term prospects are good.
http://on.ft.com/17Ja6et Venezuela fills void left by Iranian oil export sanctions
All is fair in love and war. And for Venezuela and Iran, it seems the adage applies to oil too. Caracas, a close ally of Tehran, is quietly taking advantage of the impact of US and European oil sanctions on Iran to capture some of the market the Middle Eastern country is losing in the booming Asian region, particularly in China and India.
http://on.ft.com/10enUuZ Indonesia rate rise unlikely to set precedent for emerging markets
A surprise rate rise from Indonesia on Thursday to bolster a sagging rupiah raises the question of whether other developing countries will follow suit to defend their currencies as investors rush away from emerging markets.
http://on.ft.com/177ktJv Emerging Markets
MSCI Emerging Market Index up +1.23% at 955.24 Europe
FTSE up -0.15% at 6,295
RTS up +1.17% at 1,276
Warsaw Wig up +0.46% at 48,372
FTSE 300 Eurotop up +0.08% at 1,175 Americas
DJIA up +1.21% at 15,176
S&P 500 up +1.48% at 1,636
Bovespa up +2.51% at 50,415 Asia
Nikkei 225 up +1.94% at 12,687
Topix up +1.18% at 1,056
Hang Seng up +0.39% at 20,969
Shanghai Composite up +0.64% at 2,162
MSCI Asia ex-Japan up +1.26% at 433.11
CNX Nifty up +1.92% at 5,808 Currencies
€/$ 1.33 (1.34)
$/¥ 94.91 (95.36) Commodities
Brent Crude (ICE) up +0.38 at 105.33
Light Crude (Nymex) up +0.31 at 97.00
100 Oz Gold (Comex) up +0.20 at 1,378 | 
