| * Kaeser to take over as Siemens chief executive * Investors await Federal Reserve meeting outcome * BMW's China joint venture hits speed bump * Fresh signs of life in Asia debt markets * Commodity market volatility set to rise * Rupee tumbles on RBI's 'apologetic' tone * China injects funds into money markets, quelling fears * Genel increases Kurdistan gas estimate * Hussain elected president of Pakistan * Indonesia youth flock to Japanese lessons Markets: mixed Kaeser to take over as Siemens chief executive
Joe Kaeser, chief financial officer, was anointed as Siemens' new chief executive following a meeting of the supervisory board on Wednesday. Peter Loescher will leave by mutual consent.
http://on.ft.com/17h3bDT Investors await Federal Reserve meeting outcome
Markets are enduring another session of mixed and rangebound trading ahead of a few potentially trend-defining days of significant monetary policy decisions and crucial economic data.
http://on.ft.com/19wG9z8 BMW's China joint venture hits speed bump
China's environment ministry has criticised an application by BMW to double capacity at a joint venture factory in the country, citing insufficient investment in environmental protection measures at the facility.
http://on.ft.com/1cnoo4V Fresh signs of life in Asia debt markets
Baidu has issued the first $1bn bond by a Chinese company in over two months, the latest sign of recovery in Asia's bruised debt markets. China's dominant internet search engine tapped US investors for only the second time on Tuesday after the close of US markets, raising $1bn in five-year bonds.
http://on.ft.com/18Mr2i2 Commodity market volatility set to rise
Implied volatilities (vol) for commodities are low by historical standards. Sure, traders have to pay relatively more for the vol element of precious metal options. But as Bank of America Merrill Lynch points out, three-month at the money (ATM) implied vols for zinc and lead are near their cheapest since January 2005. Will vols fall further? BoAML thinks a turn in the monetary policy cycle means they are more likely to rise.
http://on.ft.com/18MrcpM Rupee tumbles on RBI's 'apologetic' tone
India's rupee tumbled below the psychologically important threshold of Rs60 to the US dollar on Tuesday, after its central bank indicated that recent monetary tightening was a temporary measure to curb volatility.
http://on.ft.com/1caeAg1 China injects funds into money markets, quelling fears
China's central bank has injected money into the financial system for the first time in nearly half a year, seeking to stave off a repeat of the cash crunch that blighted the economy in June.
http://on.ft.com/12ZBnTg Genel increases Kurdistan gas estimate
Genel Energy, the oil explorer run by former BP chief Tony Hayward, is set to significantly increase its estimate for the amount of gas it has found in Iraqi Kurdistan, highlighting the region's potential as a major gas producer.
http://on.ft.com/13wBJ2S Hussain elected president of Pakistan
Pakistani legislators elected a textile businessman who briefly served as the governor of southern Sindh province as the country's next president on Tuesday, the election commission chief said.
http://on.ft.com/18LVLvI Indonesia youth flock to Japanese lessons
Rikho Sinurat studied Japanese at his Indonesian high school because he was a fan of the best-selling Dragon Ball and One Piece manga comics, but he continued in university for a more prosaic reason. "I wanted to do French at university, but my parents told me there are many more Japanese companies in Indonesia so I switched to Japanese," says the 23-year-old, who now works in the Jakarta office of Pacific Metals, a Japanese nickel producer.
http://on.ft.com/1e85zk4 Markets: mixed Emerging Markets
MSCI Emerging Market Index down -0.64% at 947.50 Europe
FTSE down +0.70% at 6,617
RTS down -0.84% at 1,315
Warsaw Wig up +0.43% at 46,862
FTSE 300 Eurotop up +0.16% at 1,208 Americas
DJIA down -0.01% at 15,521
S&P 500 up +0.04% at 1,686
Bovespa down -1.32% at 48,562 Asia
Nikkei 225 down -1.45% at 13,668
Topix down -1.47% at 1,132
Hang Seng down -0.32% at 21,884
Shanghai Composite up +0.19% at 1,994
MSCI Asia ex-Japan down -0.68% at 443.42
CNX Nifty down -0.23% at 5,742 Currencies
€/$ 1.33 (1.33)
$/¥ 97.61 (98.03) Commodities
Brent Crude (ICE) down -0.77 at 106.14
Light Crude (Nymex) up +0.20 at 103.28
100 Oz Gold (Comex) up +7.50 at 1,332 | 
