| * China steps back from severe cash crunch * Asia feels fallout from Wall Street sell-off * Violence flares as 1m Brazilians protest * Imported cars on the march in South Korea * Rio delays shipments from flagship Mongolian mine * Russia runs out of room to expand economy * Jobs for China's graduates: are they really hard to get? * Rupee trading near record low; RBI intervention eyed * Eike Batista: no more free lunches? * Bond Auctions Fail From Russia to Korea as Brazil Protests Rage Markets: mainly down China steps back from severe cash crunch
China pulled back from the brink of a severe cash crunch on Friday, with money rates falling after reports that the People's Bank of China, the central bank, had acted to alleviate market stresses.
http://on.ft.com/198vdYP Asia feels fallout from Wall Street sell-off
Equity weakness continued into the Asian trading day, with emerging markets suffering further heavy falls after a broad sell-off on Wall Street.
http://on.ft.com/149b8L3 Violence flares as 1m Brazilians protest
Brazilian police fired tear gas and rubber bullets to contain the country's largest protest in decades as an estimated million people took to the streets in scores of cities on Thursday night to demonstrate against everything from corruption to poor healthcare.
http://on.ft.com/12Y5P5X Imported cars on the march in South Korea
Seoul's congested streets are not the most obvious place to put a Maserati sports car through its paces, but that has not stopped the Italian group's dealership in the upmarket Gangnam district from recording strong sales growth over the past two years.
http://on.ft.com/198vhYu Rio delays shipments from flagship Mongolian mine
Rio Tinto has had to delay inaugural shipments from its flagship Mongolian copper project after the government withheld support on the eve of the expected start.
http://on.ft.com/19lpvj8 Russia runs out of room to expand economy
When the St Petersburg International Economic Forum first became Russia's premier annual investment showcase in 2006, its tone was triumphalist. Russia's economy was growing at 7 per cent a year and the country was revelling in its membership of the Brics group of fast-expanding emerging markets.
http://on.ft.com/11Ps9Hp Jobs for China's graduates: are they really hard to get?
With a record 7m students graduating from China's more than 2,000 colleges this month, many Chinese media havemarked June as the "most difficult season to get jobs". And as indicators suggest the Chinese economy is losing steam fast, there have also been suggestions that 2013 will be worse than ever for new graduates seeking employment.
http://on.ft.com/1awu5wq Rupee trading near record low; RBI intervention eyed
The Indian rupee opened weaker to close in on a record low on Friday, with traders expecting the Reserve Bank of India to step in to sell dollars should the currency approach 60 against the greenback.
http://reut.rs/1ayt86N Eike Batista: no more free lunches?
As hundreds of thousands of Brazilians take to the streets, Eike Batista's investors have been staging their own protests in the market over the past few weeks.
http://on.ft.com/16QOQjX Bond Auctions Fail From Russia to Korea as Brazil Protests Rage
Developing nations around the world are scaling back or canceling billions of dollars of bond sales as borrowing costs climb the most since 2008, just as spending needs increase amid slowing economic growth.
http://bloom.bg/123Mpt9 Emerging Markets
MSCI Emerging Market Index down -0.50% at 903.95 Europe
FTSE down +0.90% at 6,215
RTS up +1.01% at 1,256
Warsaw Wig down -0.78% at 45,514
FTSE 300 Eurotop up +0.87% at 1,154 Americas
DJIA down -2.34% at 14,758
S&P 500 down -2.50% at 1,588
Bovespa up +0.67% at 48,214 Asia
Nikkei 225 up +1.66% at 13,230
Topix up +0.70% at 1,099
Hang Seng down -0.59% at 20,263
Shanghai Composite down -0.52% at 2,073
MSCI Asia ex-Japan down -1.02% at 423.59
CNX Nifty up +0.21% at 5,668 Currencies
€/$ 1.32 (1.32)
$/¥ 97.47 (97.24) Commodities
Brent Crude (ICE) up +0.58 at 102.73
Light Crude (Nymex) up +0.37 at 95.51
100 Oz Gold (Comex) up +8.50 at 1,294 | 
