| * $1bn port deal is lifeline for Batista * Osborne cements London as renminbi hub * Asia subdued as US fiscal deal remains elusive * Concern at Chinese companies' bad debts * Yahoo to keep more than half Alibaba stake * Obama's absence boosts China trade deal * Aditya Birla ensnared in India's coal probe Markets: down $1bn port deal is lifeline for Batista
Trafigura and investment fund Mubadala agree to pay $400m for a 65% stake in Porto Sudeste, an iron ore port
http://www.ft.com/cms/s/0/91773fde-35b4-11e3-b539-00144feab7de.html Osborne cements London as renminbi hub
Countries agree to allow direct renminbi-sterling trading, making the pound fourth currency to trade directly against Chinese currency
http://www.ft.com/cms/s/0/9579f608-356e-11e3-b539-00144feab7de.html Asia subdued as US fiscal deal remains elusive
Nervousness about the US budget impasse kept Asian markets subdued as a deal to end the government shutdown and raise the debt ceiling continued to prove elusive.
http://on.ft.com/1crm38n Concern at Chinese companies' bad debts
Offering credit to businesses that are not using the banks appears seductive, but the reality for many investors has been grim
http://www.ft.com/cms/s/0/f9fa93d6-34d2-11e3-a13a-00144feab7de.html Yahoo to keep more than half Alibaba stake
Yahoo will retain more than half its stake in Alibaba when the Chinese ecommerce site goes public, after agreeing a new deal that will see it sell just 40 per cent of its shares in the much-awaited initial public offering.
http://on.ft.com/1hUyt9n Obama's absence boosts China trade deal
US president's failure to attend the Apec summit has bolstered the profile of China's RCEP trade agreement, a rival to the US-led partnership
http://www.ft.com/cms/s/0/07d739c2-3556-11e3-952b-00144feab7de.html Aditya Birla ensnared in India's coal probe
Indian police have filed a case against the Aditya Birla group in the latest of a series of investigations targeting major industrial companies in connection with alleged misallocation of coal mining rights.
http://on.ft.com/GZhdEN Emerging Markets
MSCI Emerging Market Index down -0.11% at 1,029 Americas
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Bovespa up +1.50% at 54,981 Asia
Nikkei 225 up +0.15% at 14,463
Topix down -0.10% at 1,196
Hang Seng down -0.39% at 23,247
Shanghai Composite down -1.35% at 2,203
MSCI Asia ex-Japan down -0.10% at 554.29
CNX Nifty down -0.39% at 6,089 Currencies
€/$ 1.35 (1.35)
$/¥ 98.49 (98.10) Commodities
Brent Crude (ICE) up +0.06 at 110.02
Light Crude (Nymex) down -0.05 at 101.16
100 Oz Gold (Comex) unchanged 0.00 at 1,273 | 
