| * China vows to step up bribery probes * Chevron back in Argentina with $1.2bn deal * Emerging-Market Currencies Fall Before Bernanke as Lira Weakens * South Korea's regulators applying pressure to big financial groups * Ecobank locked in boardroom battle over outstanding debts * ICC mulls UN sanction for Nigeria over visit by Bashir * 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 China vows to step up bribery probes China has vowed to step up its fight against bribery, just days after police revealed details of a wide-ranging investigation into UK drugmaker GlaxoSmithKline. http://on.ft.com/15M1EbB 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 Emerging-Market Currencies Fall Before Bernanke as Lira Weakens Emerging-market currencies weakened, led by Turkey's lira, before testimony by Federal Reserve Chairman Ben S. Bernanke. Most developing-nation stocks rose as foreign direct investment in China accelerated. http://bloom.bg/1bHLYc4 South Korea's regulators applying pressure to big financial groups Recent investigations into irregular business practices at South Korea's Nonghyup Bank underline the challenges that financial regulators face in ferreting out unfair business deals between affiliates of the country's big financial groups. http://on.ft.com/1bI0xMP 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 ICC mulls UN sanction for Nigeria over visit by Bashir The International Criminal Court in The Hague is considering asking the UN Security Council to sanction Nigeria for allowing a visit this week by Sudanese president Omar al-Bashir, who faces arrest warrants at the court on genocide charges. http://on.ft.com/13MIyo7 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 +0.13% at 954.26 Europe FTSE down -0.18% at 6,545 RTS up +0.29% at 1,373 Warsaw Wig up +0.47% at 46,373 FTSE 300 Eurotop down -0.10% at 1,190 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 up +0.11% at 14,615 Topix up +0.22% at 1,213 Hang Seng up +0.28% at 21,372 Shanghai Composite down -1.01% at 2,045 MSCI Asia ex-Japan up +0.21% at 442.25 CNX Nifty up +0.30% at 5,973 Currencies €/$ 1.31 (1.32) $/¥ 99.66 (99.09) Commodities Brent Crude (ICE) down -0.44 at 107.70 Light Crude (Nymex) down -0.29 at 105.71 100 Oz Gold (Comex) down -3.30 at 1,288 |