| * China cash crunch deepens as PBOC withholds funding * Brazil to deploy police special forces to contain protests * China's Wanda in £700m London development * Votorantim suspends $4.9bn Brazil IPO * China launches first carbon market in Shenzhen * Emerging Stocks Decline for Second Day as Chinese Shares Slump * Bahrain: protests, rating review, oil price worries? Time to borrow… * Investors keep faith with southeast Asia * Royalty rise tests Brazilian mining relations * Global fish prices leap to all-time high Markets: mixed, mainly down China cash crunch deepens as PBOC withholds funding
China's cash crunch deepened on Wednesday after the central bank withheld funding from the financial system, putting pressure on overextended lenders.
http://on.ft.com/17lYRt3 Brazil to deploy police special forces to contain protests
Brazil is to deploy federal police special forces in five major cities in an effort to stem a week of protests against poor public services, corruption and the high cost of staging the 2014 football World Cup.
http://on.ft.com/1bUIgZS China's Wanda in £700m London development
A Chinese property group is to build a luxury hotel on London's South Bank as part of a £700m investment, underlining the capital's attractions for foreign investors.
http://on.ft.com/16IpTqT Votorantim suspends $4.9bn Brazil IPO
Votorantim Cimentos, Brazil's largest cement producer, has suspended a R$10.3bn ($4.9bn) initial public offering that would have been the second-largest in the world this year, people familiar with the matter said.
http://on.ft.com/11MK9TH China launches first carbon market in Shenzhen
China saw its first-ever domestic transaction in the right to discharge carbon dioxide at the launch of its first pilot carbon market on Tuesday, moving the world's largest CO2 emitting country closer to capping such pollution.
http://on.ft.com/12GY1Ed Emerging Stocks Decline for Second Day as Chinese Shares Slump
Emerging-market stocks fell for a second day, led by Chinese shares, as money-market rates surged and investors speculated the government will step up property curbs. The ruble weakened before today's U.S. Federal Reserve policy announcement.
http://bloom.bg/11Yz7hw Bahrain: protests, rating review, oil price worries? Time to borrow…
Strife-torn Bahrain is looking to tap debt markets a week after Moody's placed the Gulf kingdom on review for a possible downgrade.
http://on.ft.com/1aoyTE4 Investors keep faith with southeast Asia
When the operator of the Bangkok SkyTrain listed an infrastructure fund backed by rail fares in April, investors could not get enough of it. The combination of exposure to southeast Asia's rising consumer class, and one of the world's best performing stock markets, was too good to pass up. On the first day of trading shares rose more than 11 per cent.
http://on.ft.com/12GXty8 Royalty rise tests Brazilian mining relations
Brazil's president Dilma Rousseff on Tuesday launched a mining bill that proposes to potentially double royalties in a move that will test strained relations with investors.
http://on.ft.com/12UUVxH Global fish prices leap to all-time high
Global fish prices have leapt to all-time highs as China's growing appetite for high-end species – from tuna to oysters – runs up against lower catches.
http://on.ft.com/14gwRkw Emerging Markets
MSCI Emerging Market Index down -0.35% at 950.18 Europe
FTSE down -0.09% at 6,369
RTS down -1.42% at 1,295
Warsaw Wig up +0.13% at 48,184
FTSE 300 Eurotop up +0.09% at 1,184 Americas
DJIA up +0.91% at 15,318
S&P 500 up +0.78% at 1,652
Bovespa up +0.77% at 49,465 Asia
Nikkei 225 up +1.83% at 13,245
Topix up +1.86% at 1,107
Hang Seng down -1.13% at 20,987
Shanghai Composite down -0.73% at 2,143
MSCI Asia ex-Japan down -0.47% at 440.43
CNX Nifty up +0.15% at 5,822 Currencies
€/$ 1.34 (1.34)
$/¥ 95.05 (95.35) Commodities
Brent Crude (ICE) up +0.28 at 106.30
Light Crude (Nymex) up +0.36 at 98.80
100 Oz Gold (Comex) unchanged 0.00 at 1,367 | 
