| * EU defers China telecoms trade case ahead of key mobile contract * Here's what investors think of a Mugabe victory * HSBC results dented by emerging markets * China Resources arm faces theft accusations * Asian shares fall to two-week low; yen strengthens * Obama presses for US-Africa trade pact to be renewed * Indian industrial equipment makers hurt by slowdown * China handsets take 20% of global smartphone sales Markets: down EU defers China telecoms trade case ahead of key mobile contract
The EU will hold off making a decision on whether to launch an incendiary trade case against Chinese telecoms companies until after China Mobile selects winners for a huge contract to build a next-generation wireless network in the Asian country.
http://on.ft.com/1enrJ1X Here's what investors think of a Mugabe victory
The Zimbabwe Industrials Index fell 11.1 per cent on Monday, wiping out all the gains made since mid-May. Retailers were some of the hardest hit.
http://on.ft.com/1cDir3W HSBC results dented by emerging markets
HSBC has reported falls in underlying profit in more than half of its 22 key growth markets over the first six months of the year, as cost cuts failed to offset the impact of slowing economies in Asia and Latin America.
http://on.ft.com/15H0ei2 China Resources arm faces theft accusations
A subsidiary of China Resources Group, the Hong Kong-listed Chinese conglomerate embroiled in corruption allegations, has been accused of theft and illegal asset transfers in a previously unreported case involving British investors in the Chinese resort island of Hainan.
http://on.ft.com/1crl61V Asian shares fall to two-week low; yen strengthens
The dollar extended losses against the yen into a third day on Tuesday as markets questioned their expectations the U.S. Federal Reserve would start scaling back its stimulus as soon as next month, putting Japanese shares on the defensive.
http://reut.rs/13IAkaA Obama presses for US-Africa trade pact to be renewed
President Barack Obama is mounting an early push to extend a trade pact with sub-Saharan African countries set to expire in 2015 which is seen a cornerstone of US-African economic relations.
http://on.ft.com/12VrBah Indian industrial equipment makers hurt by slowdown
Prime Minister Manmohan Singh trotted out a series of familiar refrains at a meeting with many of India's most prominent industrial tycoons last week: economic reforms were imminent, investor sentiment was improving and India's recovery was just around the corner.
http://on.ft.com/15HMe7M China handsets take 20% of global smartphone sales
Surging sales of cut-price smartphones mass produced in China has meant that the country's handset makers now account for about a fifth of global branded sales.
http://on.ft.com/13AWSxx Emerging Markets
MSCI Emerging Market Index down -0.56% at 951.07 Americas
DJIA down -0.30% at 15,612
S&P 500 down -0.15% at 1,707
Bovespa down -0.08% at 48,436 Asia
Nikkei 225 down -0.85% at 14,137
Topix down -0.19% at 1,183
Hang Seng down -1.52% at 21,884
Shanghai Composite down -0.16% at 2,047
MSCI Asia ex-Japan down -0.93% at 516.29
CNX Nifty down -0.78% at 5,641 Currencies
€/$ 1.33 (1.33)
$/¥ 97.98 (98.30) Commodities
Brent Crude (ICE) down -0.22 at 108.48
Light Crude (Nymex) down -0.18 at 106.38
100 Oz Gold (Comex) down -10.90 at 1,292 | 
