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London headlines

* Chevron back in Argentina with $1.2bn deal

* Asian shares rise before Bernanke testimony

* Ecobank locked in boardroom battle over outstanding debts

* India eases curbs on foreign direct investment to boost growth

* Cuba claims ownership of arms seized on N Korean-flagged ship

* Unorthodox injections sustain China's healthcare system

* Patriota hangs up the phone on US espionage scandal

Markets: mixed

Chevron back in Argentina with $1.2bn deal
Chevron of the US has reached a final agreement to invest $1.24bn in the Vaca Muerta shale formation of Argentina, making it the first international oil company to invest in the country since the government nationalised YPF, its largest energy group, last year.
http://on.ft.com/14bcpFz

Asian shares rise before Bernanke testimony
Asian shares edged up on Wednesday, while the dollar held near a three-week low on expectations that Federal Reserve Chairman Ben Bernanke will reiterate later in the day that U.S. monetary policy is to stay accommodative.
http://reut.rs/14bntCv

Ecobank locked in boardroom battle over outstanding debts
The bank that blazed a trail across African borders to build the continent's most geographically diverse network is in the throes of a bitter boardroom battle over outstanding debts owed by businesses associated with its chairman, Kolapo Lawson.
http://on.ft.com/14WKYxf

India eases curbs on foreign direct investment to boost growth
India has further opened its economy to foreign direct investment in the latest attempt by reformers in the government of Manmohan Singh to boost sluggish economic growth and strengthen the ailing rupee.
http://on.ft.com/1bFcfId

Cuba claims ownership of arms seized on N Korean-flagged ship
Cuba has claimed ownership of the weapons that Panamanian authorities found on a North Korean-flagged ship sailing towards the Panama Canal.
http://on.ft.com/11U8GvV

Unorthodox injections sustain China's healthcare system
New protesters arrive every couple of minutes at the unmarked gates of the Ministry of Health in Beijing, coming in the faint hope that the national authorities will be able to help where their local hospitals and clinics have failed.
http://on.ft.com/15Lstg6

Patriota hangs up the phone on US espionage scandal
After Brazil's somewhat dramatic response to a report earlier this month that the US was intercepting calls and emails by Brazilian individuals and companies, foreign minister Antonio Patriota (pictured left) on Tuesday suddenly sounded much more relaxed about the whole affair.
http://on.ft.com/18jRNu0

Emerging Markets
MSCI Emerging Market Index up +0.18% at 954.69

Americas
DJIA down -0.21% at 15,452
S&P 500 down -0.37% at 1,676
Bovespa up +0.28% at 46,869

Asia
Nikkei 225 down -0.14% at 14,579
Topix up +0.04% at 1,211
Hang Seng up +0.20% at 21,356
Shanghai Composite down -0.35% at 2,058
MSCI Asia ex-Japan up +0.30% at 519.12
CNX Nifty up +0.31% at 5,974

Currencies
€/$ 1.31 (1.32)
$/¥ 99.30 (99.09)

Commodities
Brent Crude (ICE) down -0.16 at 107.98
Light Crude (Nymex) down -0.29 at 105.71
100 Oz Gold (Comex) unchanged 0.00 at 1,291

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