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Financial Times
beyondbrics



London headlines

* China: Foreign values

* Shutdown is just part of life in Lebanon

* Emerging markets rebuild forex reserves

* EU to resume membership talks with Turkey

* LSE joins race for $60bn Alibaba listing

* South Korean stocks win favour abroad

* Asia-Pacific bourses follow US higher on QE hopes

* Rift between India's business leaders and its government widens

* Markets: mixed

China: Foreign values
Consumers in the world's most populous nation favour overseas fashion and electronics brands, which erodes Beijing's attempts to boost domestic profits
http://www.ft.com/cms/s/0/25b2f9f0-37cb-11e3-a493-00144feab7de.html

Shutdown is just part of life in Lebanon
The Lebanese are a resilient lot, with an unhealthily high tolerance of chaos. But today's crisis is different
http://www.ft.com/cms/s/2/ebf98ee0-3a7c-11e3-b234-00144feab7de.html

Emerging markets rebuild forex reserves
Ten economies erase losses that totalled $40bn between April and July while China adds $163bn to bring its stock of reserves to a record
http://www.ft.com/cms/s/0/60230e24-3b2f-11e3-a7ec-00144feab7de.html

EU to resume membership talks with Turkey
Negotiations were postponed in June amid concern about Ankara's heavy-handed response to the protests that broke out across the Turkey
http://www.ft.com/cms/s/0/4de2c362-3b20-11e3-87fa-00144feab7de.html

LSE joins race for $60bn Alibaba listing
Company's executives met UK officials in Hong Kong last week as part of the visit by the mayor of London, say people familiar with the events
http://www.ft.com/cms/s/0/7ef904f6-3b03-11e3-87fa-00144feab7de.html

South Korean stocks win favour abroad
Foreign investors target a market – with $1.1bn put into it last week alone – that is tightly linked to economic recovery in China, Europe and the US
http://www.ft.com/cms/s/0/3dadadba-3ad8-11e3-87fa-00144feab7de.html

Asia-Pacific bourses follow US higher on QE hopes
Asia-Pacific equity markets were following US bourses higher after the weak US jobs report propelled hopes that easy money policies will be extended.
http://on.ft.com/162iOma

Rift between India's business leaders and its government widens
Pity the titans of corporate India. Just a few years ago, the country's leading industrialists were lauded at home and admired abroad as custodians of one of the emerging world's most impressive growth stories.
http://on.ft.com/H01IMj

Emerging Markets
MSCI Emerging Market Index down -0.01% at 1,045

Americas
DJIA up +0.49% at 15,468
S&P 500 up +0.01% at 1,745
Bovespa up +0.68% at 56,460

Asia
Nikkei 225 down -0.62% at 14,622
Topix down -0.79% at 1,205
Hang Seng up +0.14% at 23,349
Shanghai Composite down -1.17% at 2,185
MSCI Asia ex-Japan up +0.05% at 559.58
CNX Nifty up +0.12% at 6,210

Currencies
€/$ 1.38 (1.38)
$/¥ 97.72 (98.13)

Commodities
Brent Crude (ICE) down -0.15 at 109.82
Light Crude (Nymex) down -0.38 at 97.92
100 Oz Gold (Comex) unchanged 0.00 at 1,343

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