| * China trade numbers suggest deeper slowdown * KKR raises record $6bn for second Asian buyout fund * Cukurova wins legal battle against Alfa over Turkcell * Chevron Indonesia graft case spooks investors * China trade data trip up Asian markets * Storms send Chinese on wheat-buying spree * Argentina: bread rush * EU takes Russia to WTO over vehicle recycling fees * Latvia to become eurozone's 18th member Markets: mostly up China trade numbers suggest deeper slowdown
Chinese exports and imports both fell in June, underlining the economy's weakness and raising the prospect of a deeper slowdown in the months ahead. Exports fell 3.1 per cent from a year earlier, compared with a 1 per cent increase in May, and far below the 10.4 per cent average increase for the first half of 2013.
http://on.ft.com/18LXfss KKR raises record $6bn for second Asian buyout fund
KKR has raised a record $6bn for its second big Asian buyout fund in a sign that investors are confident the New York private equity group can build on its successful record in the region.
http://on.ft.com/10L4bB6 Cukurova wins legal battle against Alfa over Turkcell
Mehmet Karamehmet, one of Turkey's best known businessmen, has won a long-sought victory over Russia's Alfa Group in a legal battle over control of Turkcell , the country's leading mobile group. But he still faces challenges in a saga in which the Turkish state has played an increasing part.
http://on.ft.com/1aX1J06 Chevron Indonesia graft case spooks investors
When Endah Rumbiyanti, an environmental manager for Chevron, left her Sumatra home for Jakarta to be interviewed about a corruption case, she told her five young children she would be back in two days.
http://on.ft.com/12eHrqO China trade data trip up Asian markets
A fourth consecutive gain on Wall Street had Asian markets pointing higher at the open, but much weaker than anticipated trade data from China slowed upward momentum.
http://on.ft.com/11ABOYY Storms send Chinese on wheat-buying spree
Rainstorms in China have sent Chinese traders on a global wheat-buying spree, providing support to global wheat prices at a time when plentiful harvests in the US are driving prices down.
http://on.ft.com/16nK8HK Argentina: bread rush
And now for a quick course in Argentine economics. Today's lesson: shortages. How to cause them? Well, one tried and tested way seems to be to take a resource-rich, farming powerhouse enjoying a commodities boom and apply government regulation and/or high export tariffs.
http://on.ft.com/183yB3v EU takes Russia to WTO over vehicle recycling fees
The EU has filed its first-ever case against Russia at the World Trade Organisation, challenging vehicle recycling fees that the bloc says discriminate against imports.
http://on.ft.com/12f7r5p Latvia to become eurozone's 18th member
Just five years after a wrenching fiscal crisis that nearly forced it to unpeg its currency from the euro, Latvia was officially admitted to Europe's single currency on Tuesday after EU finance ministers approved the changeover from lats to euros on January 1.
http://on.ft.com/13ITbad Emerging Markets
MSCI Emerging Market Index up +0.26% at 915.09 Americas
DJIA up +0.50% at 15,300
S&P 500 up +0.72% at 1,652
Bovespa down -0.30% at 45,076 Asia
Nikkei 225 up +0.18% at 14,499
Topix up +0.06% at 1,198
Hang Seng up +0.47% at 20,781
Shanghai Composite up +0.39% at 1,973
MSCI Asia ex-Japan up +0.46% at 499.82
CNX Nifty up +0.10% at 5,865 Currencies
€/$ 1.28 (1.28)
$/¥ 101.01 (101.14) Commodities
Brent Crude (ICE) down -0.06 at 107.75
Light Crude (Nymex) up +0.75 at 104.28
100 Oz Gold (Comex) down -1.30 at 1,245 | 
