| * Cost cuts help boost HSBC earnings * Samsung appeals against ITC ruling amid patent war with Apple * Fonterra dairy recall shakes China consumer confidence * Eike Batista faces legal action from investors * Hassan Rohani sworn in as Iran's president * Emerging Stocks Climb as Technology, Consumer Companies Advance * Ramadan brings fast profits for Indonesian traders * Yes Bank loses shine as India liquidity ebbs * Grosvenor to accelerate push into Asia * Huawei to open London office to manage global finances * US shale exports open the door to Asian chemicals makers Markets: mixed Cost cuts help boost HSBC earnings
A sharp reduction in costs in the first half of the year helped HSBC increase pre-tax profits by 10 per cent to $14.1bn.
http://on.ft.com/13GGJmu Samsung appeals against ITC ruling amid patent war with Apple
Samsung Electronics says it has been granted a hearing in a US appeals court, as it continues to seek punitive measures against Apple for alleged patent infringement despite the Obama administration's veto of a ruling in favour of the South Korean company.
http://on.ft.com/14Yywtn Fonterra dairy recall shakes China consumer confidence
China has ordered the recall of potentially contaminated milk imported from New Zealand after Fonterra, the world's largest dairy exporter, found in its products bacteria that can cause botulism.
http://on.ft.com/14tjEdk Eike Batista faces legal action from investors
A group of investors is preparing to take legal action against Eike Batista, formerly Brazil's richest man, over allegations including insider trading as anger rises over the near collapse of his oil company OGX.
http://on.ft.com/14b6IWL Hassan Rohani sworn in as Iran's president
Hassan Rohani was sworn in as Iran's president on Sunday, pledging that his government would walk the path of "detente" with the world and urging the international community to engage with Iran through dialogue instead of sanctions.
http://on.ft.com/15uBMmu Emerging Stocks Climb as Technology, Consumer Companies Advance
Emerging-market stocks rose for a third day as HTC Corp. (2498) led a rally in technology companies and a gauge of Chinese service industries increased for the first time since March.
http://bloom.bg/193m5oz Ramadan brings fast profits for Indonesian traders
Most of Indonesia's 200m Muslims fast from dawn to dusk during the holy month of Ramadan – but when the sun goes down, the food and the cash start flowing in abundance.
http://on.ft.com/149PTeL Yes Bank loses shine as India liquidity ebbs
For most of the past decade Yes Bank has been the fastest-growing and highest-profile upstart in a new generation of Indian private banks. But in the aftermath of government moves to prop up the nation's currency, it is gaining a fresh reputation as the biggest loser from India's new moment of tighter liquidity.
http://on.ft.com/13cGzn7 Grosvenor to accelerate push into Asia
The Duke of Westminster's property empire is ramping up exposure to Asia mainly through luxury residential developments, in a move that goes against the trend of eastern money flowing into western bricks and mortar.
http://on.ft.com/18XnMQX Huawei to open London office to manage global finances
Huawei will establish a London-based team to manage the Chinese telecoms manufacturer's international finances in the latest sign that the privately owned group is embracing western practices.
http://on.ft.com/1b5QPCC US shale exports open the door to Asian chemicals makers
For years, US chemical companies have benefitted from the Obama administration's efforts to make the shale gas boom the saviour of US energy security. With US companies forbidden to export gas, the chemicals industry, for whom natural gas is a major ingredient, has enjoyed artificially low prices.
http://on.ft.com/18OYULh Emerging Markets
MSCI Emerging Market Index up +0.32% at 958.36 Europe
FTSE down -0.01% at 6,647
RTS down -0.41% at 1,331
Warsaw Wig down -0.08% at 48,289
FTSE 300 Eurotop up +0.17% at 1,227 Americas
DJIA up +0.19% at 15,658
S&P 500 up +0.16% at 1,710
Bovespa down -1.36% at 48,474 Asia
Nikkei 225 down -1.44% at 14,258
Topix down -0.96% at 1,185
Hang Seng up +0.14% at 22,222
Shanghai Composite up +1.04% at 2,050
MSCI Asia ex-Japan up +0.26% at 442.51
CNX Nifty up +0.13% at 5,685 Currencies
€/$ 1.33 (1.33)
$/¥ 98.46 (98.89) Commodities
Brent Crude (ICE) down -0.71 at 108.24
Light Crude (Nymex) down -0.89 at 106.05
100 Oz Gold (Comex) down -0.50 at 1,310 | 
