| * Sheikh in Barclays rescue sells stake * Chevron employees sentenced in Indonesia corruption case * Record downgrades foreshadow first onshore default * Russian court frees Alexei Navalny pending appeal * China imposes tariffs on polysilicon exports from US and S Korea * Meiji Yasuda to take stake in Thai Life * Rupiah Drops for Record 11th Day on Central Bank Action * TCS rises after April-June earnings beat estimates * Huawei spied for China, claims ex-CIA head Michael Hayden * Peru land bonds: hitting the jackpot? Markets: mainly down Sheikh in Barclays rescue sells stake
The Abu Dhabi sheikh who came to the rescue of Barclays Bank with a £3.5bn capital injection at the height of the financial crisis, has sold his stake in the UK bank.
http://on.ft.com/1avrRwr Chevron employees sentenced in Indonesia corruption case
Two environmental managers at Chevron, the US oil and gas group, have been jailed for two years on corruption charges in Indonesia in a hotly-contested casethat has compounded investor concerns about legal uncertainty in the vital energy sector.
http://on.ft.com/1bLVgUw Record downgrades foreshadow first onshore default
China's rating firms cut the most bond issuer rankings on record in June and brokerages said they are preparing for the onshore market's first default as the world's second-biggest economy slows.
http://bloom.bg/17p9ojd
Russian court frees Alexei Navalny pending appeal
A Kirov court has agreed to free Russian opposition leader Alexei Navalny while he awaits the outcome of an appeal against his five-year prison sentence for embezzlement, a decision that surprised Navalny and thousands of his supporters who had rallied in Moscow on Thursday night.
http://on.ft.com/1aX86Bn China imposes tariffs on polysilicon exports from US and S Korea
China has issued harsh anti-dumping duties for imports of polysilicon, a solar panel ingredient, from the US and South Korea, further escalating trade tensions that have fissured the global solar panel industry.
http://on.ft.com/16LGV4I Meiji Yasuda to take stake in Thai Life
Meiji Yasuda is about to become the latest of the big Japanese life assurers to bet on the industry's growth in southeast Asia on the back of a burgeoning middle class.
http://on.ft.com/121L5cJ Rupiah Drops for Record 11th Day on Central Bank Action
Indonesia's rupiah fell for a record 11th day as the central bank manages a gradual depreciation of the onshore exchange rate toward offshore levels. Government bonds advanced.
http://bloom.bg/17p4OBp TCS rises after April-June earnings beat estimates
Shares in Tata ConsultancyServices, India's largest software services exporter, rose 5 percent on Friday, a day after posting April-June earnings that beat estimates and maintaining an upbeat outlook.
http://reut.rs/14kGCCf Huawei spied for China, claims ex-CIA head Michael Hayden
Western intelligence agencies believe that Huawei, the Chinese telecommunications giant, has spied on behalf of Beijing, an incendiary claim made by one of the US's most experienced espionage officers.
http://on.ft.com/15qu214 Peru land bonds: hitting the jackpot?
Pick a number, any number. You might just hit on the amount Peru's government will have to pay out to the holders of 40-year-old "land bonds" that hark back to the leftist military regime of Juan Velasco Alvarado.
http://on.ft.com/1bMrOh2 Emerging Markets
MSCI Emerging Market Index down -0.46% at 953.02 Europe
FTSE up -0.39% at 6,609
RTS down -0.17% at 1,375
Warsaw Wig up +0.29% at 46,355
FTSE 300 Eurotop down -0.23% at 1,206 Americas
DJIA up +0.50% at 15,549
S&P 500 up +0.50% at 1,689
Bovespa up +0.53% at 47,657 Asia
Nikkei 225 down -1.48% at 14,590
Topix down -0.82% at 1,212
Hang Seng up +0.08% at 21,362
Shanghai Composite down -1.52% at 1,993
MSCI Asia ex-Japan down -0.50% at 441.16
CNX Nifty down -0.15% at 6,029 Currencies
€/$ 1.31 (1.31)
$/¥ 100.39 (100.38) Commodities
Brent Crude (ICE) up +0.38 at 109.08
Light Crude (Nymex) up +0.30 at 108.34
100 Oz Gold (Comex) up +6.40 at 1,291 | 
