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Financial Times
beyondbrics



New York headlines

* India's stock market hits record high

* Batista sits on both sides of debt talks

* S&P downgrades Ukraine

* China manufacturing data strongest in 18 months

* No thaw in sight for China IPO freeze

* AB InBev pours cold water on profit rise

* FinEx extends Russia ETF push

* EM investors shun state-controlled stocks

* ICC postpones Kenyatta trial until next year

* Serbia champions new pro-EU strongman

* Barrick Gold moves to pay down $2.6bn debt

Markets: mixed

India's stock market hits record high
The country's benchmark Sensex index is soaring as positive corporate earnings and optimism about a turnround in the economy encourage investors
http://on.ft.com/1arXZnA

Batista sits on both sides of debt talks
The Brazilian businessman's oil services company OSX is one of the biggest contractors of OGX with claims estimated at up to $2.6bn
http://on.ft.com/1arPyst

S&P downgrades Ukraine to bottom of the 'B's
Credit rating agency Standard & Poor's downgraded Ukraine's long term foreign debt to 'B-' from 'B' on Friday, citing the government's "lack of strategy" to secure foreign currency funding.
http://on.ft.com/18J3cky

China manufacturing data strongest in 18 months
China's manufacturing sector accelerated in October to its strongest reading in 18 months, suggesting continued expansion in the world's most important manufacturing sector
http://on.ft.com/1bHOJs7

No thaw in sight for China IPO freeze
As the block on new mainland equity listings marks its one-year anniversary, expectations are that the market lockout will last another six months
http://on.ft.com/1arXZnC

AB InBev pours cold water on profit rise
AB InBev stresses that it remains cautious due to the uncertain nature of economic recovery in the US and Europe despite a 10% rise in profit
http://on.ft.com/1arPvwM

FinEx extends Russia ETF push
FinEx, an investment management group, is extending its push to develop the exchange traded fund sector in Russia, by launching six ETFs
http://on.ft.com/1arPysv

ICC postpones Kenyatta trial until next year
The International Criminal Court in The Hague has postponed the trial of Uhuru Kenyatta, the president of Kenya, until February, defusing a likely diplomatic crisis over attempts to try a sitting head of state.
http://on.ft.com/1ah22Nq

Serbia champions new pro-EU strongman
Serbia's deputy prime minister has emerged since general elections last year as the country's most powerful and highest-rated politician
http://on.ft.com/HgFw0H

Barrick Gold moves to pay down $2.6bn debt
Barrick Gold has launched plans to raise nearly $3bn through a placing of shares to help pay down debt after announcing plans to suspend work on a multibillion-dollar flagship mining project in Chile.
http://on.ft.com/Hhhgvj

Emerging Markets
MSCI Emerging Market Index down -0.40% at 1,030

Europe
FTSE up +0.01% at 6,732
RTS up +0.09% at 1,482
Warsaw Wig down -0.90% at 53,608
FTSE 300 Eurotop down -0.15% at 1,291

Americas
DJIA down -0.47% at 15,546
S&P 500 down -0.38% at 1,757
Bovespa up +0.15% at 54,256

Asia
Nikkei 225 down -0.88% at 14,202
Topix down -0.94% at 1,183
Hang Seng up +0.19% at 23,250
Shanghai Composite up +0.37% at 2,150
MSCI Asia ex-Japan down -0.12% at 480.61
CNX Nifty up +0.13% at 6,307

Currencies
€/$ 1.35 (1.36)
$/¥ 98.26 (98.35)

Commodities
Brent Crude (ICE) down -0.35 at 108.49
Light Crude (Nymex) down -0.21 at 96.17
100 Oz Gold (Comex) down -7.10 at 1,317

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