| * US fiscal deal rally fades * EM recovery favours Indonesian bonds * UK signs nuclear deal with China * Slim admits defeat in battle for KPN * Africa turns to sukuk to fund infrastructure * IBM blames China for slide in revenues * Emerging market weakness weighs on Diageo * Russia-South Korea pipeline talks revived * EU urges including rights in Turkey talks * Coke vs Pepsi in EMs: different strategies, same gloom * Batista's OGX jettisons chief Markets: mixed US fiscal deal rally fades
Many Asian bourses are playing catch-up after Washington debt compromise, but investors remain wary about more budget battles ahead
http://on.ft.com/19KIOBP EM recovery favours Indonesian bonds
Recent debt sales by Jakarta were well-received, and the market will be helped by improved strength and liquidity in the rupiah
http://on.ft.com/19TEzrw UK signs nuclear deal with China
The UK will allow a majority-owned Chinese nuclear power station on its shores as part of its plan to develop nuclear power stations and cut its reliance on carbon-intensive coal or oil, chancellor George Osborne confirmed on Thursday.
http://on.ft.com/1aQjEC3 Slim admits defeat in battle for KPN
America Movil's attempt to buy the Dutch telecoms group is thwarted by a 'poison pill' defence of an independent foundation
http://on.ft.com/19KIQcR Africa turns to sukuk to fund infrastructure
Use of Islamic finance is likely to increase as countries in sub-Saharan Africa tap into Middle East investors to fund large infrastructure projects
http://on.ft.com/1eqD973 IBM blames China for slide in revenues
IBM blamed stalling sales in China, caused by uncertainty ahead of the country's pending economic reform plan, for a large part of an unexpected slide in revenues in the latest quarter, wiping 6 per cent from its market value late on Wednesday.
http://on.ft.com/16Osb9I Emerging market weakness weighs on Diageo
The world's largest spirits group reports lower than expected first-quarter sales growth, blaming 'headwinds in some emerging markets'
http://on.ft.com/19TEx2V Russia-South Korea pipeline talks revived
Russia and South Korea revived talks on Wednesday on a long-mooted gas pipeline crossing North Korea, in a sign of continuing efforts to bring Pyongyang into the international economic fold despite diplomatic tensions this year.
http://on.ft.com/19S5uEb EU urges including rights in Turkey talks
European Commission report criticises Turkish government for using 'excessive force' against mass anti-government protests during the summer
http://on.ft.com/19KIOSg Coke vs Pepsi in EMs: different strategies, same gloom
Coca-Cola and Pepsi are known for their cheery attitudes to the world. A list of their slogans include: "open happiness"; "life tastes good"; "the best drink created worldwide". But these days, life is tasting a lot less sweet for the two drinks giants as both struggle with waning growth in key emerging markets.
http://on.ft.com/1cVfhub Batista's OGX jettisons chief
Shares in Batista's flagship group surge as it elevates finance chief to top job and hires international auditing group to review statements
http://www.ft.com/cms/s/0/269cdc02-3670-11e3-8ae3-00144feab7de.html Emerging Markets
MSCI Emerging Market Index up +0.07% at 1,032 Europe
FTSE down -0.13% at 6,563
RTS down -0.94% at 1,486
Warsaw Wig down -0.17% at 52,771
FTSE 300 Eurotop up 0.00% at 1,266 Americas
DJIA up +1.36% at 15,374
S&P 500 up +1.38% at 1,722
Bovespa up +1.80% at 55,973 Asia
Nikkei 225 up +0.83% at 14,587
Topix up +0.79% at 1,206
Hang Seng down -0.57% at 23,095
Shanghai Composite down -0.21% at 2,189
MSCI Asia ex-Japan up +0.31% at 474.79
CNX Nifty down -0.71% at 6,046 Currencies
€/$ 1.36 (1.35)
$/¥ 98.01 (98.76) Commodities
Brent Crude (ICE) down -0.46 at 110.13
Light Crude (Nymex) down -0.44 at 101.85
100 Oz Gold (Comex) up +25.20 at 1,307 | 
