| * US and Iran set date for nuclear talks * Shanghai gambles on new free trade zone * Attacks in Kashmir kill 12 ahead of talks * China delays Suntech bankruptcy hearing * China banks face daunting money squeeze * India urged to liberalise bond markets * Alibaba hits back at HK authorities * Markets: up US and Iran set date for nuclear talks Detailed negotiations over Iran's nuclear programme will start in Geneva next month, it was announced on Thursday, following a meeting in New York that included one of the few encounters between senior US and Iranian officials since the 1979 Islamic revolution. http://www.ft.com/cms/s/0/f94684b6-26c9-11e3-9dc0-00144feab7de.html Shanghai gambles on new free trade zone Some see the 28km free trade zone as a short-term boon for local property developers and landowners but others hope it will be a crucible for reform. http://www.ft.com/cms/s/0/25d74c68-268e-11e3-9dc0-00144feab7de.html Attacks in Kashmir kill 12 ahead of talks Separatist groups claims responsibility for strikes on police and army targets amid fears they could derail hopes of detente at UN meeting http://www.ft.com/cms/s/0/722c6100-2695-11e3-9dc0-00144feab7de.html China delays Suntech bankruptcy hearing Decision puts off settlement that has implications for international creditors seeking to recover assets in the country. http://www.ft.com/cms/s/0/cc3d3152-2671-11e3-9dc0-00144feab7de.html China banks face daunting money squeeze There are doubts about whether the country's banks have the necessary risk management skills for the brave new world they are entering. http://www.ft.com/cms/s/0/c350f39a-260c-11e3-8ef6-00144feab7de.html India urged to liberalise bond markets Financial regulator criticises restrictions as 'complicated' and leaving India less open to foreign debt investment than emerging market peers. http://www.ft.com/cms/s/0/ad2fa0f8-2674-11e3-9dc0-00144feab7de.html Alibaba hits back at HK authorities Joe Tsai accuses city of letting world pass it by after listing authorities refused to let Chinese internet group control the make-up of its board. http://www.ft.com/cms/s/0/91634456-26c9-11e3-bbeb-00144feab7de.html Emerging Markets MSCI Emerging Market Index up +0.02% at 1,003 Americas DJIA up +0.36% at 15,328 S&P 500 up +0.35% at 1,699 Bovespa down -0.88% at 53,783 Asia Nikkei 225 down -0.23% at 14,765 Topix up +0.04% at 1,221 Hang Seng up +0.14% at 23,157 Shanghai Composite up +0.13% at 2,159 MSCI Asia ex-Japan up +0.21% at 542.11 CNX Nifty down -0.12% at 5,875 Currencies €/$ 1.35 (1.35) $/¥ 98.81 (98.97) Commodities Brent Crude (ICE) down -0.09 at 109.12 Light Crude (Nymex) down -0.30 at 102.73 100 Oz Gold (Comex) up +1.00 at 1,325 |