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Financial Times
beyondbrics



New York headlines

* Batista seeks OGX bankruptcy protection

* Brazil love affair turns sour for Pimco

* Taiwan growth stalls as exports falter

* Mexico tax reforms hit obstacles

* China set to supply US nuclear plant parts

* IMF warns of financial shock risk to Africa

* EM investors shun state-controlled stocks

* China banks' bad loans point to trouble ahead

* China's answer to Craigslist to test US IPO appetite

Markets: down

Batista seeks OGX bankruptcy protection
Filing signals the demise of one of the greatest fortunes built during the emerging markets boom of the first decade of this century
http://on.ft.com/HqVqpH

Brazil love affair turns sour for Pimco
As the largest holder of bonds in Eike Batista's oil company OGX, the US fund manager Pimco faces heartache in Brazil
http://on.ft.com/HqVs0x

Taiwan growth stalls as exports falter
Although the electronics sector is proving resilient there is anxiety that the country's Q3 growth came in much lower than expected as exports slow
http://on.ft.com/HgFw0I

Mexico tax reforms hit obstacles
Senators from National Action Party abandon chamber after failing to win amendments to halt change in sales tax in areas bordering the US
http://on.ft.com/HqVtl6

China set to supply US nuclear plant parts
Joint venture between Westinghouse and SNPTC is part of a bilateral co-operation agreement, and could lead to them tendering for a UK project
http://on.ft.com/HqVs0z

IMF warns of financial shock risk to Africa
The International Monetary Fund has for the first time warned that sub-Saharan African countries are becoming "increasingly vulnerable to global financial shocks" as they intensify their reliance on foreign investors.
http://on.ft.com/HtBuTf

EM investors shun state-controlled stocks
Asset managers fear government tampering with state-owned companies, but valuations are now looking good compared with consumer-related stocks
http://on.ft.com/HgFvK8

China banks' bad loans point to trouble ahead
China's state-owned banks reported healthy profit growth in the third quarter, but big increases in loan impairments and decreases in their cushions to absorb losses pointed to accumulating stresses in the country's financial system.
http://on.ft.com/1itZYa4

China's answer to Craigslist to test US IPO appetite
The door is not exactly being kicked wide open, but after two years of accounting scandals and critical reports from shortsellers, Chinese companies are slowly making their way back to Wall Street.
http://on.ft.com/HqYPVm

Emerging Markets
MSCI Emerging Market Index down -0.65% at 1,036

Europe
FTSE down -0.38% at 6,752
RTS down -0.89% at 1,480
Warsaw Wig down -0.34% at 53,913
FTSE 300 Eurotop up +0.02% at 1,288

Americas
DJIA down -0.39% at 15,619
S&P 500 down -0.49% at 1,763
Bovespa down -0.67% at 54,173

Asia
Nikkei 225 down -1.20% at 14,328
Topix down -0.85% at 1,194
Hang Seng down -0.42% at 23,206
Shanghai Composite down -0.87% at 2,142
MSCI Asia ex-Japan down -0.61% at 483.27
CNX Nifty up +0.76% at 6,299

Currencies
€/$ 1.37 (1.37)
$/¥ 98.20 (98.49)

Commodities
Brent Crude (ICE) down -0.10 at 109.76
Light Crude (Nymex) down -0.08 at 96.69
100 Oz Gold (Comex) down -15.00 at 1,334

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