| * China's pledge of big reforms cements era of market forces * Asian shares tumble, dollar wavers on Fed uncertainty * Brazil going too far on internet security * India still wary of online shopping * London, Dubai, Kuala Lumpur in three-way fight for Islamic finance crown * Cooper Tire appeals against Apollo Tyres ruling * Mexico: reasons to be cheerful, despite the data Markets: mostly down China's pledge of big reforms cements era of market forces China's ruling Communist party pledged a "decisive" role for the market as it outlined sweeping reforms at the close of a conclave intended to map the country's direction for the next decade. http://on.ft.com/1j2qzv9 Asian shares tumble, dollar wavers on Fed uncertainty Asian shares skidded to six-week lows and the dollar wobbled on Wednesday as investors pondered mixed signals from U.S. Federal Reserve officials about when the U.S. central bank would start to pare its asset-buying stimulus. http://reut.rs/19ixiM0 Brazil going too far on internet security The US has nobody but itself to blame for the angry Brazilian reaction to its snooping. But Rousseff's web protectionism is bad for her country http://on.ft.com/1btjmn6 India still wary of online shopping Finicky customers like to see what they are buying, but analysts predict that by 2021 internet sales of merchandise could reach $76bn http://on.ft.com/1btjpiJ London, Dubai, Kuala Lumpur in three-way fight for Islamic finance crown When the British government said last month it would issue its first Islamic bond, the implications went far beyond the debt market: it was a signal that London will not back down in an escalating tussle among cities for Islamic financial business. http://reut.rs/1fyz9lo Cooper Tire appeals against Apollo Tyres ruling Cooper Tire extended its legal efforts to force India's Apollo Tyres to speed up the companies' planned merger on Tuesday when it said it was appealing against a ruling that exonerated Apollo from blame for the deal's substantial problems. http://on.ft.com/1ao8Egu Mexico: reasons to be cheerful, despite the data Capital Economics reckons the worst of Mexico's annus horribilis is behind it. Share the optimism? Let's see: in terms of economic data this week, industrial production fell by 1.6 per cent (way higher than the 0.4 per cent market consensus) in September. That was dragged down by construction, which crashed 8.3 per cent, its 13th successive monthly fall, but manufacturing was anaemic too. http://on.ft.com/1eJfy4g Emerging Markets MSCI Emerging Market Index down -0.76% at 983.87 Americas DJIA down -0.21% at 15,751 S&P 500 down -0.24% at 1,768 Bovespa down -1.56% at 51,804 Asia Nikkei 225 down -0.21% at 14,558 Topix down -0.28% at 1,202 Hang Seng down -1.36% at 22,589 Shanghai Composite down -0.80% at 2,110 MSCI Asia ex-Japan down -1.03% at 535.99 CNX Nifty up +0.02% at 6,019 Currencies €/$ 1.34 (1.34) $/¥ 99.45 (99.62) Commodities Brent Crude (ICE) up +0.26 at 106.07 Light Crude (Nymex) up +0.12 at 93.16 100 Oz Gold (Comex) unchanged 0.00 at 1,271 |