London morning headlines


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Financial Times
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London headlines

* Urals Energy receives cash approach

* Iran draws red line ahead of nuclear talks

* Gulf oil production hits record

* India temple stampede kills at least 89

* Croatia food group eyes London listing

* Chaebol failures spark rise in bad loans

* Osborne backs China nuclear plans in UK

* Emerging economies under fire at IMF

* Polish Church hit by sex abuse scandal

* Turkey frustrates foreign retailers

* Car sales: all roads lead to China

* Foxconn admits student labour violations

* Pakistan plagued by politics and power cuts

* Netanyahu warns UK on Iran ties

* Hedge funds profit from Greek opportunity

* US suspends part of military aid to Egypt

* US agrees nuclear power deal with Vietnam

* China is the biggest danger to EM rally

* Markets: calm

Urals Energy receives cash approach
Bid for Aim-quoted Russian oil explorer is two-thirds higher than latest closing price and comes amid dissident shareholders' push for board changes
http://on.ft.com/19yFWYF

Iran draws red line ahead of nuclear talks
More positively, Iran says it is prepared to negotiate over 'the form, amount, and various levels of [uranium] enrichment' within its atomic programme
http://on.ft.com/19yFXvV

Gulf oil production hits record
Quartet of kingdoms has expanded share of world market as political and social factors have reduced production from a number other members
http://on.ft.com/19yFXM8

India temple stampede kills at least 89
Bridge collapses near remote holy site in central state of Madhya Pradesh, sparking panic among devotees gathered to celebrate Dussehra festival
http://on.ft.com/19yFXMe

Croatia food group eyes London listing
Agrokor, which in June snapped up Slovenian retailer Mercator, looks to use the cash raised to make acquisitions in Turkey or Russia
http://on.ft.com/19yFXMg

Chaebol failures spark rise in bad loans
Wave of bankruptcies among South Korea's second-tier conglomerates prompts authorities to look at revising rules to allow more creditor supervision
http://on.ft.com/19yFXMj

Emerging Markets
MSCI Emerging Market Index down -0.07% at 1,023

Americas
DJIA up +0.73% at 15,237
S&P 500 up +0.63% at 1,703
Bovespa up +0.29% at 53,150

Asia
Nikkei 225 up +1.48% at 14,405
Topix up +1.63% at 1,197
Hang Seng up +1.16% at 23,218
Shanghai Composite up +0.46% at 2,238
MSCI Asia ex-Japan down -0.16% at 551.10
CNX Nifty up +0.11% at 6,103

Currencies
€/$ 1.36 (1.35)
$/¥ 98.30 (98.56)

Commodities
Brent Crude (ICE) down -0.08 at 111.20
Light Crude (Nymex) down -0.18 at 101.84
100 Oz Gold (Comex) up +5.90 at 1,274

 

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