| * Premier Li Keqiang outlines worries on US debt * Sinopec raises €550m from euro bond sale * ECB and China strike currency swap deal * Russia moves towards free float of rouble * India moves to internationalise rupee * Washington blocks aid to Egypt * Supply of copper set to outstrip demand * Shell in Nigerian oil blocks sale * Trade is the test of global green shoots * Nissan to build cars in Nigeria * Morocco in Wall Street oil hedge deal * Markets: up Premier Li Keqiang outlines China's worries on US debt The premier said China was paying "great attention to the US debt ceiling issue" in a meeting with John Kerry, US secretary of state, at an Asian summit. http://on.ft.com/1aozx2u Sinopec raises €550m from euro bond sale Sinopec becomes the second state-owned group to raise money in the euro bond market, as the country seeks to lower its reliance on the dollar http://on.ft.com/17q2bgw ECB and China strike currency swap deal The European Central Bank and the People's Bank of China have established a currency swap agreement, the latest in a string of moves to help encourage global use of the renminbi. http://on.ft.com/18RaINp Russia moves towards free float of rouble On either side of the new 3.1 rouble band, the central bank will continue to intervene to smooth volatility in the exchange rate within a corridor http://on.ft.com/15psuGV India moves to internationalise rupee New Delhi to work with World Bank on its first ever offshore bond programme aimed at selling $1bn of debt to international investors http://on.ft.com/15psuGY Brazil raises rate for fifth time since April Brazil's central bank raised its benchmark interest rate for the fifth time in a row on Wednesday night, bringing it close to double digits and raising questions about how much longer the tightening cycle has left to run. http://on.ft.com/GPmBcN US suspends part of military aid to Egypt Administration official said blocked aid, which mostly includes hardware for Egyptian military, amounted to 'hundreds of millions of dollars' http://on.ft.com/15pswP6 Supply of copper set to outstrip demand Chile's mining minister says prices will drop 'a little' next year because of an increase in supply, with new projects adding to global output http://on.ft.com/15psuGU Shell in Nigerian oil blocks sale Consortium seeks sale of licences as international companies accelerate their retreat from sub-Saharan Africa's oldest oil industry http://on.ft.com/15pswPg Trade is the test of global green shoots A necessary amplifying force for a global recovery is missing. In fact, economic distress is being spread through global trade http://on.ft.com/15pswPk Nissan to build cars in Nigeria Japanese carmaker is first to tap into the country's automotive industry push, with a target of producing 45,000 cars a year, starting with an SUV http://on.ft.com/15psuH4 Morocco in Wall Street oil hedge deal Rabat enters into derivatives contracts to protect it against unexpected rise in oil prices, highlighting the challenges faced by states grappling with unrest http://on.ft.com/15pswPl China raises hurdles for foreign banks Beijing to more than triple the amount of capital that new entrants must post and limit derivatives operations of lenders already in the country http://on.ft.com/GNwUxX South Africa deals embroiled in controversy Benefits from $4.8bn deal for warships, submarines and aircraft never materialised amid discovery of unlawful practices in the evaluation of the bids http://on.ft.com/GNwS9b Emerging Markets MSCI Emerging Market Index up +0.37% at 1,009 Europe FTSE down +1.12% at 6,409 RTS up +1.34% at 1,481 Warsaw Wig up +1.61% at 51,144 FTSE 300 Eurotop up +1.11% at 1,238 Americas DJIA up +0.18% at 14,803 S&P 500 up +0.06% at 1,656 Bovespa up +0.45% at 52,548 Asia Nikkei 225 up +1.12% at 14,195 Topix up +0.95% at 1,178 Hang Seng down -0.36% at 22,951 Shanghai Composite down -0.94% at 2,191 MSCI Asia ex-Japan up +0.12% at 466.21 CNX Nifty up +0.22% at 6,021 Currencies €/$ 1.35 (1.35) $/¥ 97.86 (97.33) Commodities Brent Crude (ICE) up +0.85 at 109.91 Light Crude (Nymex) up +0.51 at 102.12 100 Oz Gold (Comex) down -10.10 at 1,297 |