| * China unveils measures to boost economy * Reserve Bank of India tightening squeezes lenders * IMF pulls support for Argentina's Supreme Court appeal * Asian markets drift lower as momentum flags * Emerging markets take cautious steps to recovery * Peru's Graña y Montero in $413m NYSE debut * Repsol attacks Chevron over 'scandalous' Argentina investment Markets: down! China unveils measures to boost economy
China has unveiled measures to boost its sluggish economy, in the strongest indication yet of the leadership's concern about the slowdown and one that also underscores a shift in Beijing's approach to managing its economy.
http://on.ft.com/144uDT3 Reserve Bank of India tightening squeezes lenders
Indian bank stocks fell heavily again on Wednesday in the aftermath of moves by the Reserve Bank of India to tighten liquidity, hit by concerns about a rise in the cost of funding.
http://on.ft.com/134lheA IMF pulls support for Argentina's Supreme Court appeal
The International Monetary Fund has pulled plans to support Argentina's push for a US Supreme Court review in the country's court battle with creditors. Christine Lagarde, IMF managing director, withdrew her recommendation that the fund file an amicus curiae brief in support of Argentina. The IMF said she took the decision after the US made clear that it would not support the move.
http://on.ft.com/1bLE5E8 Asian markets drift lower as momentum flags
A weak lead from Wall Street left Asia-Pacific stock markets drifting downward across the board.
http://on.ft.com/12MRB28 Emerging markets take cautious steps to recovery
Emerging markets are re-emerging. Two months on from the big Bernanke crash – when comments from the Federal Reserve chairman touched off a wave of selling from Shanghai to Santiago – investors have recovered some poise.
http://on.ft.com/18CzHqJ Peru's Graña y Montero in $413m NYSE debut
Peru's biggest construction and engineering firm, Graña y Montero, showed the strength of pent-up demand for Latin American stocks on Wednesday with a $413m listing on the New York Stock Exchange.
http://on.ft.com/1c3gspa Repsol attacks Chevron over 'scandalous' Argentina investment
Repsol has launched a blistering attack onChevron for investing in assets expropriated from the Spanish energy company in Argentina, describing the US oil major's actions as "scandalous" and in violation of "the most elementary ethical principles".
http://on.ft.com/12M4Sb9 Emerging Markets
MSCI Emerging Market Index down -0.27% at 963.88 Americas
DJIA down -0.16% at 15,542
S&P 500 down -0.38% at 1,686
Bovespa down -0.91% at 48,374 Asia
Nikkei 225 down -0.53% at 14,654
Topix down -0.86% at 1,209
Hang Seng down -0.30% at 21,903
Shanghai Composite down -0.10% at 2,031
MSCI Asia ex-Japan down -0.34% at 524.24
CNX Nifty down -0.10% at 5,984 Currencies
€/$ 1.32 (1.32)
$/¥ 100.13 (100.24) Commodities
Brent Crude (ICE) down -0.28 at 106.91
Light Crude (Nymex) down -0.53 at 104.86
100 Oz Gold (Comex) unchanged 0.00 at 1,320 | 
