| * Obama's absence boosts China trade deal * Moscow launches probe of Uralkali chief * Renminbi hits record high against dollar * UK and China seal financial accord * Dumex shakes up staff amid China claims * Egypt struggles to attract tourists back * Forex funds feel strain of debt deadlock * Reliance profits up amid rupee's fall * Asian bourses buoyed by prospect of US debt deal * Iran draws red line ahead of nuclear talks * Markets: up 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 Moscow launches probe of Uralkali chief 'Potash War' takes unexpected turn as Russia's equivalent of the FBI starts investigation that could see Vladislav Baumgertner extradited from Belarus http://www.ft.com/cms/s/0/a6753efe-34ec-11e3-8148-00144feab7de.html Renminbi hits record high against dollar Central bank allowing currency to increase despite contraction in exports reinforces expectations that China will take further steps at liberalisation http://www.ft.com/cms/s/0/00cb6f18-34f2-11e3-a13a-00144feab7de.html UK and China seal financial accord China has granted UK institutions a Rmb80bn quota to invest in Chinese securities, and direct renminbi-sterling trading is to be permitted http://www.ft.com/cms/s/0/9579f608-356e-11e3-b539-00144feab7de.html Dumex shakes up staff amid China claims Danone's baby-food brand accepts 'full accountability' following allegations it bribed doctors and nurses to push parents to buy infant-milk formula http://www.ft.com/cms/s/0/0627a006-34ea-11e3-8148-00144feab7de.html Egypt struggles to attract tourists back Instability, safety concerns and perceptions the country is on the brink of chaos damage an industry that has been suffering since January 2011 http://www.ft.com/cms/s/0/20c04b38-3284-11e3-91d2-00144feab7de.html Forex funds feel strain of debt deadlock Many are avoiding placing any bets at all while a measure of volatility in major currencies has tumbled to its lowest since January http://www.ft.com/cms/s/0/efa03e36-34d7-11e3-a13a-00144feab7de.html Reliance profits up amid rupee's fall Energy conglomerate's net profits edge up 1.5 per cent after the oil and gas exploration division suffers regulatory disagreements and delays http://www.ft.com/cms/s/0/1d1a8f60-34d8-11e3-8148-00144feab7de.html Asian bourses buoyed by prospect of US debt deal Asian markets rose on the prospect that US lawmakers will strike a deal to lift the nation's borrowing limit and avoid a potential debt default by the world's largest economy. http://on.ft.com/1hSIzaT Emerging Markets MSCI Emerging Market Index up +0.79% at 1,031 Europe FTSE up +0.84% at 6,562 RTS down -0.21% at 1,474 Warsaw Wig up +1.20% at 53,153 FTSE 300 Eurotop up +0.76% at 1,262 Americas DJIA up +0.42% at 15,301 S&P 500 up +0.41% at 1,710 Bovespa up +1.92% at 54,171 Asia Nikkei 225 up +0.26% at 14,442 Topix up +0.03% at 1,197 Hang Seng up +0.51% at 23,337 Shanghai Composite down -0.19% at 2,233 MSCI Asia ex-Japan up +0.76% at 471.50 CNX Nifty down -0.39% at 6,089 Currencies €/$ 1.35 (1.36) $/¥ 98.59 (98.56) Commodities Brent Crude (ICE) down -0.78 at 110.26 Light Crude (Nymex) down -0.51 at 101.90 100 Oz Gold (Comex) down -19.90 at 1,257 |