| * Muted China inflation to spark rate cut calls * Chinese bank takes early step towards IPO * Brazil calls for IMF eurozone rescue programmes revision * Sinking rupee highlights India's growing vulnerability * Civil unrest squeezes Libyan oil exports * Chi-X Global and SBI Japannext set sights on South Korea * Iraq's faltering oil resurgence raises price fears * Horn of Africa oil: deals start flowing despite legal mess Markets: up! Muted China inflation to spark rate cut calls
Consumer price inflation in China rose 2.7 per cent in July from a year earlier, the same pace as in June and still well below the 3.5 per cent upper annual limit targeted by Beijing at the start of the year.
http://on.ft.com/1bgIcoR Chinese bank takes early step towards IPO
One of China's top investment banks has taken a step towards going public with China International Capital Corporation preparing the early ground work for an initial public offering to raise capital.
http://on.ft.com/13n9uEQ Brazil calls for IMF eurozone rescue programmes revision
Brazil has called for the IMF-backed rescue programmes for Greece and other southern eurozone countries to be reviewed to make them more economically sustainable.
http://on.ft.com/14AFATQ Sinking rupee highlights India's growing vulnerability
There is no concept in economics akin to a baptism of fire but that is surely what awaits incoming Indian central bank governor Raghuram Rajan as he ponders what, if anything, can be done to protect his country's ever-sinking currency.
http://on.ft.com/15QY7Io Civil unrest squeezes Libyan oil exports
Libyan oil exports fell by 20 per cent in July to their lowest level since the country's civil war in 2011, according to shipping data from Lloyd's List Intelligence, which shows the extent to which civil unrest is crimping supply from Africa's third-largest oil industry by capacity.
http://on.ft.com/1bgIBYA Chi-X Global and SBI Japannext set sights on South Korea
South Korea is set to become the third Asian equities market to open to competition between exchanges and upstart trading venues after Chi-X Global and SBI Japannext, both backed by large banks, said they were exploring entering the country.
http://on.ft.com/1bgIHPZ Iraq's faltering oil resurgence raises price fears
When Iraq surpassed Iran last year as the second-largest Opec producer for the first time since the late 1980s, it was heralded as a sign of the recovery of Baghdad's energy industry a decade after the US-led invasion.
http://on.ft.com/13Ku1Hj Horn of Africa oil: deals start flowing despite legal mess
This week, a new company – Soma Oil and Gas – signed an exploration deal with the Mogadishu-based federal government of Somalia. The agreement came as a surprise. The government had previously abstained from signing such deals, fearing they would inflame ongoing territorial tensions (which the UN also warned about).
http://on.ft.com/1cMACEb Emerging Markets
MSCI Emerging Market Index up +0.13% at 947.59 Americas
DJIA up +0.18% at 15,498
S&P 500 up +0.39% at 1,697
Bovespa up +3.12% at 48,929 Asia
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Topix up +0.12% at 1,141
Hang Seng up +0.33% at 21,726
Shanghai Composite down -0.62% at 2,032
MSCI Asia ex-Japan up +0.16% at 512.81
CNX Nifty up +0.84% at 5,566 Currencies
€/$ 1.34 (1.34)
$/¥ 96.39 (96.72) Commodities
Brent Crude (ICE) up +0.43 at 107.11
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100 Oz Gold (Comex) up +4.50 at 1,315 | 
