| * China set to miss targets for shale gasfield development * Japan's Mitsubishi UFJ makes $5.6bn bid for Thailand's Ayudhya * Nigeria raises $1bn in international bond sale * Asian shares fall as dollar gains, A$ slides * China June HSBC services PMI expands modestly, but new order growth slides * Brazilian stocks set to reap protest dividend * OGX: what's left for shareholders? Markets: mostly down China set to miss targets for shale gasfield development
China is unlikely to meet its 2015 target for shale gas production after slower than expected development of initial shale gasfields, according to energy executives and analysts, throwing into question the prospects of a resource critical to China's energy future.
http://on.ft.com/1b5uAxN Japan's Mitsubishi UFJ makes $5.6bn bid for Thailand's Ayudhya
Mitsubishi UFJ Financial Group has launched a bid for a majority stake in Thailand's Bank of Ayudhya, in what would be the largest acquisition in Asia by a Japanese bank.
http://on.ft.com/15eETNs Nigeria raises $1bn in international bond sale
Nigeria has raised $1bn through an international bond sale despite higher borrowing costs in the wake of market turmoil caused by the US Federal Reserve's plans to end quantitative easing.
http://on.ft.com/19TvWNV Asian shares fall as dollar gains, A$ slides
The dollar hit a one-month high against a basket of currencies on Wednesday while Asian shares fell, hit by worries that the days of easy money from the U.S. Federal Reserve are numbered.
http://reut.rs/1b6eKD5 China June HSBC services PMI expands modestly, but new order growth slides
Activity in China's services sector was lackluster in June as new orders grew at their weakest pace in more than four years, a survey showed, providing further evidence that the world's second-largest economy was losing momentum.
http://reut.rs/12kzjEL Brazilian stocks set to reap protest dividend
Outside Brazil's Maracanã stadium, where the home team defeated Spain in the final of the Confederations Cup on Sunday night, a protester was wearing a T-shirt with the words "Fora Eike X", or "Out with Eike X", on the back.
http://on.ft.com/161gp7e OGX: what's left for shareholders?
OGX, Eike Batista's start-up oil company and the supposed crown jewel in the Brazilian billionaire's empire, is in plenty of trouble. Having seen its share and bond prices collapse over the past year after it repeatedly missed production target, the company is now fighting for survival following the shock news on Monday that its only oil producing wells would probably be closed down next year.
http://on.ft.com/17EJ2ue Emerging Markets
MSCI Emerging Market Index down -1.32% at 919.83 Americas
DJIA down -0.28% at 14,932
S&P 500 down -0.05% at 1,614
Bovespa down -4.24% at 45,229 Asia
Nikkei 225 down -0.11% at 14,083
Topix up +0.11% at 1,173
Hang Seng down -1.88% at 20,270
Shanghai Composite down -1.32% at 1,980
MSCI Asia ex-Japan down -1.75% at 497.88
CNX Nifty down -0.98% at 5,800 Currencies
€/$ 1.30 (1.30)
$/¥ 100.69 (100.62) Commodities
Brent Crude (ICE) up +0.80 at 104.80
Light Crude (Nymex) up +2.01 at 101.61
100 Oz Gold (Comex) up +3.70 at 1,247 | 
