| * Asia sentiment mixed on China loans data * Pursuit of China trade raises rights tensions * Culture clash key to Cooper Tire impasse * EM currencies weaken as rally hopes fade * Marks and Spencer shifts focus to India * India's trade deficit rises to $10.76bn * Asia's low-cost carriers hit turbulence Markets: mixed Asia sentiment mixed on China loans data Stock markets ponder a contraction in monetary conditions in the region's largest economy in October http://on.ft.com/1chLzM2 Pursuit of China trade raises rights tensions David Cameron told a City audience he would be taking a trade mission to China next month as part of his unashamedly "commercial foreign policy" http://on.ft.com/1chLAiQ Culture clash key to Cooper Tire impasse Cooper Tire's court case against Apollo of India offers a rare window into the kinds of problems that can snarl cross-border M&A http://on.ft.com/1chLzM4 EM currencies weaken as rally hopes fade A rally in the dollar and US Treasuries has closed off opportunities to revive the carry trades popular among EM investors in recent years http://on.ft.com/1chLA2m Marks and Spencer shifts focus to India High street retailer aims to double its number of stores in the country in an effort to counteract declining sales in parts of the UK business http://on.ft.com/1chLA2n India's trade deficit rises to $10.76bn Renewed gold buying has led to India's trade deficit jumping in October from a two-and-a-half year low in September as the rupee strengthens http://on.ft.com/1chLAiZ Asia's low-cost carriers hit turbulence "The People of India deserve to fly. Everyone should be able to fly," Tony Fernandes, owner of AirAsia, tweeted recently. His comment was a call to arms typical of the Malaysian entrepreneur's relentless drive to expand his low-cost carrier across the region – most recently to India. http://on.ft.com/1j0CoSD Emerging Markets MSCI Emerging Market Index down -0.01% at 992.87 Americas DJIA up +0.14% at 15,783 S&P 500 up +0.07% at 1,772 Bovespa up +0.72% at 52,624 Asia Nikkei 225 up +1.90% at 14,541 Topix up +1.42% at 1,202 Hang Seng down -0.71% at 22,906 Shanghai Composite up +0.45% at 2,119 MSCI Asia ex-Japan down -0.08% at 542.02 CNX Nifty up +0.23% at 6,093 Currencies €/$ 1.34 (1.34) $/¥ 99.44 (99.15) Commodities Brent Crude (ICE) down -0.24 at 106.16 Light Crude (Nymex) down -0.32 at 94.82 100 Oz Gold (Comex) unchanged 0.00 at 1,281 |