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Financial Times
beyondbrics



London headlines

* Asian bourses weaken after Fed minutes

* Reforms to spur China stocks, says Bolton

* Bumi revamp misses funding deadline

* Mistrust overshadows Iran nuclear talks

* China bad loans bound to rise, says ICBC

* Russian energy assets: great game

* Slovenia struggles to avoid EU bailout

Markets: down!

Asian bourses weaken after Fed minutes
After minutes from the US Federal Reserve suggested a scaling back of its stimulus programme was likely in the "coming months", most Asian indices fell back, although Japanese stocks rose to a six-month high.
http://on.ft.com/189WsCR

Reforms to spur China stocks, says Bolton
UK fund manager Anthony Bolton says China's 'momentous' reforms are the key to reviving foreign investor interest in country's languishing stock market
http://on.ft.com/18pFj5U

Bumi revamp misses funding deadline
The UK-listed miner said it had not received financing agreements needed from chairman Samin Tan, who wants to increase his stake in the company
http://on.ft.com/18pFjTC

Mistrust overshadows Iran nuclear talks
Following earlier shocks and recriminations, the need for an effective inspection regime will be crucial to any deal from the Geneva negotiations
http://on.ft.com/18pFjTE

China bad loans bound to rise, says ICBC
Head of China's biggest bank tells the FT current bad-loan ratio is 'excessively good' and will inevitably rise as riskier lending picks up
http://on.ft.com/18pFjTF

Russian energy assets: great game
Rosneft and Novatek look set to clash over control of Severenergia after Novatek inked a deal with Gazprom Neft to buy Eni's stake in Severenergia
http://on.ft.com/18pFj62

Slovenia struggles to avoid EU bailout
Primož Kozmus is a Slovenian national hero lionised for tossing a hammer to double Olympic gold. Soon he might be forced to honour his Alpine homeland another way: sacrificing his personal fortune to help avert a eurozone bailout.
http://on.ft.com/IghqTO

Emerging Markets
MSCI Emerging Market Index down -1.10% at 1,008

Americas
DJIA down -0.41% at 15,901
S&P 500 down -0.36% at 1,781
Bovespa down -2.35% at 53,033

Asia
Nikkei 225 up +1.56% at 15,312
Topix up +0.94% at 1,245
Hang Seng down -0.66% at 23,545
Shanghai Composite down -1.05% at 2,184
MSCI Asia ex-Japan down -1.37% at 546.60
CNX Nifty down -1.18% at 6,051

Currencies
€/$ 1.34 (1.34)
$/¥ 100.42 (100.02)

Commodities
Brent Crude (ICE) down -0.39 at 107.67
Light Crude (Nymex) down -0.28 at 93.57
100 Oz Gold (Comex) down -11.20 at 1,247

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