| * Morsi rejects Egyptian army's ultimatum * Egypt: the army bounce? * Generali says time to buy southern Europe * China tells media to curb cash crunch coverage * Debt default fears rise over Brazilian tycoon * Snowden withdraws Russia asylum request * Goldman appoints new senior Asia executive * Winklevoss twins plan Bitcoin stash float Markets: mixed Morsi rejects Egyptian army's ultimatum
Egypt's political crisis deepened on Tuesday after President Mohamed Morsi rejected an army ultimatum to force a resolution in the stand-off with his opponents, saying that he had not been consulted and would pursue his own plans for national reconciliation.
http://on.ft.com/14LThdC Egypt: the army bounce?
Egyptian debt premiums might be at an all time high but equity investors are taking a bet that things will improve for Egypt. The cairo bourse was closed on Monday for a holiday, but opened on Tuesday with a flourish, surging nearly 5 per cent
http://on.ft.com/17DhIfT Generali says time to buy southern Europe
Italian insurer Generali's chief investment officer has likened Germany's Dax to an "emerging market", saying it is time to sell stocks in Europe's biggest economy and buy into southern Europe.
http://on.ft.com/16Li6rK China tells media to curb cash crunch coverage
With a cash crunch roiling the Chineseeconomy, propaganda authorities have told local media to tone down their reporting to help stabilise financial markets.
http://on.ft.com/17BWbnH Debt default fears rise over Brazilian tycoon
OGX, the flagship oil company of Brazilian billionaire Eike Batista, on Monday announced that its only producing wells would probably close next year, leaving it with one unproved field that is still under development. The news that the once high-flying group is pinning its remaining hopes on a field that has yet to start production has heightened fears that it is near to defaulting on its billions of dollars of debt. Snowden withdraws Russia asylum request
Edward Snowden, the former US National Security Agency contractor holed up inMoscow's Sheremetyevo airport, has withdrawn his request for asylum in Russia after being told he would have to stop leaking secrets as a condition to stay.
http://on.ft.com/161v2au Goldman appoints new senior Asia executive
Goldman Sachs has appointed Ken Hitchner as its new Asia ex-Japan president, the latest high profile move within the bank's Asia business.
http://on.ft.com/10we1qn Winklevoss twins plan Bitcoin stash float
Cameron and Tyler Winklevoss are planning to float a stash of Bitcoin on the stock market. The pair, whose claims that Mark Zuckerberg stole the idea for Facebook from them became the subject of the film The Social Network, are hoping for reinvention as entrepreneurs in an emerging Bitcoin economy.
http://on.ft.com/18rV0du Emerging Markets
MSCI Emerging Market Index down -0.53% at 936.96 Europe
FTSE up -0.46% at 6,279
RTS down -0.68% at 1,268
Warsaw Wig up +0.40% at 44,949
FTSE 300 Eurotop down -0.54% at 1,157 Americas
DJIA up +0.44% at 14,975
S&P 500 up +0.54% at 1,615
Bovespa down -0.48% at 47,230 Asia
Nikkei 225 up +1.78% at 14,099
Topix up +1.84% at 1,172
Hang Seng down -0.70% at 20,659
Shanghai Composite up +0.57% at 2,007
MSCI Asia ex-Japan down -0.50% at 430.78
CNX Nifty down -0.70% at 5,858 Currencies
€/$ 1.30 (1.31)
$/¥ 99.76 (99.65) Commodities
Brent Crude (ICE) up +0.20 at 103.20
Light Crude (Nymex) up +0.21 at 98.20
100 Oz Gold (Comex) up +8.20 at 1,264 | 
