| * China to ease 'one-child' policy * Asia stocks rally on Yellen's Fed defence * Taiwan loses African ally as Gambia cuts ties * Sino-US stand-off threatens trade talks * Cameron says Commonwealth 'imperfect' * Egypt and Russia hail military ties * Chile poised to return Michelle Bachelet to power * Suntech restructuring thrown into doubt * Mexico manufacturers warn recovery threatened by taxes * Martinez snaps up Argentina Telecom. Why? Markets: up! China to ease 'one-child' policy Detailed policies still to be fleshed out later but the blueprint appears to be the most ambitious reform plan to come from in at least a decade http://on.ft.com/1bJUbuT Asia stocks rally on Yellen's Fed defence Equities respond to prospect of continued US liquidity support as Federal Reserve chair nominee Janet Yellen delivers dovish comments at her confirmation hearing http://on.ft.com/HPH4yX Taiwan loses African ally as Gambia cuts ties China claims sovereignty over Taiwan and does not maintain diplomatic relations with nations that recognise Taipei leading to fears that the Gambia decision could spark fresh 'cheque book diplomacy' with Beijing http://on.ft.com/1bJU9TT Sino-US stand-off threatens trade talks Negotiators meeting behind closed doors in Geneva are attempting to reach agreement in three key areas in advance of the Bali summit http://on.ft.com/HPH5TC Cameron says Commonwealth 'imperfect' Premier lands in Colombo facing two rows, one with Sri Lanka government over human rights record and one with Labour party for attending gathering http://on.ft.com/HPH4yZ Egypt and Russia hail military ties No deals were announced, but the visit to Cairo by Moscow's defence and foreign ministers has been staged to signal a rekindling of relations http://on.ft.com/HPH4z1 Chile poised to return Michelle Bachelet to power Presidential elections in Chile on Sunday are widely expected to herald a shift to the left with former president Michelle Bachelet returning to power after the rightwing government of Sebastián Piñera struggled to satisfy growing demands for greater equality. http://on.ft.com/174Dieu Suntech restructuring thrown into doubt The Cayman Island liquidators of Suntech Power Holdings have thrown a wrench into the troubled Chinese solar-panel maker's restructuring by blocking the sale of its main manufacturing assets. http://on.ft.com/1e7uKWk Mexico manufacturers warn recovery threatened by taxes Mexico's manufacturing assembly plants, which have been clawing back a competitive edge over China, are fighting a potential tax double whammy that they say risks reversing 10 years of progress. http://on.ft.com/1j7OxFb Martinez snaps up Argentina Telecom. Why? He's Mexican and rich. He owns important stakes in telecoms and media operations. But his name is not Carlos Slim. David Martínez is a studiously low-profile financier who is now spending $960m to add control of Telecom Argentina to his stable of investments, which includes a 40 per cent stake in Cablevision, the cable TV unit owned by Argentine media empire Clarín. Why? http://on.ft.com/1eRnMrf Emerging Markets MSCI Emerging Market Index up +1.23% at 1,004 Europe FTSE up +0.45% at 6,696 RTS up +0.46% at 1,441 Warsaw Wig up +1.33% at 53,835 FTSE 300 Eurotop up +0.26% at 1,298 Americas DJIA up +0.35% at 15,876 S&P 500 up +0.48% at 1,791 Bovespa up +2.34% at 53,452 Asia Nikkei 225 up +1.95% at 15,166 Topix up +1.68% at 1,239 Hang Seng up +1.69% at 23,032 Shanghai Composite up +1.68% at 2,136 MSCI Asia ex-Japan up +1.29% at 464.90 CNX Nifty up +1.11% at 6,056 Currencies €/$ 1.34 (1.35) $/¥ 100.40 (99.98) Commodities Brent Crude (ICE) down -0.22 at 108.06 Light Crude (Nymex) up +0.06 at 93.82 100 Oz Gold (Comex) up +2.00 at 1,288 |