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Financial Times
beyondbrics



New York headlines

* China reform blueprint boosts markets...

* ...But analysts remain wary amid euphoria

* Rajan plans 'dramatic' India bank overhaul

* Indonesia recalls diplomat in spying case

* Thai growth slips in third quarter

* Bachelet set to reclaim power in Chile

* Russia steps up entrepreneurial activity

* Legs fall off China's hairy crab industry

* Vale weighs $14bn tax dispute settlement

* China hedge funds win seed capital

* Ukraine: gas war averted, but is EU deal on?

Markets: up, up, up

China reform blueprint boosts markets
Hong Kong-listed stocks lead Greater China equities higher amid optimism over an easing in China's one-child policy and a greater role for market forces
http://on.ft.com/1d93yt5

Analysts wary amid China market euphoria
Amid the market euphoria in response to sweeping China reforms, analysts caution that what is good for the economy may bring pain for equity investors
http://on.ft.com/1d93wl3

Rajan plans 'dramatic' India bank overhaul
RBI governor says he is planning a 'dramatic remaking' of banking in Asia's third-largest economy that could see an expanded role for foreign institutions
http://on.ft.com/1bIA1TT

Indonesia recalls diplomat in spying case
Jakarta withdraws its ambassador to Australia after Canberra is accused of tapping the phone of Indonesia's president Susilo Bambang Yudhoyono
http://on.ft.com/1bIzZvp

Thai growth slips in third quarter
The government blames slowing growth on falling domestic demand, reflecting the administration's efforts to put a brake on consumer spending
http://on.ft.com/1bIA1TU

Bachelet set to reclaim power in Chile
Michelle Bachelet won the first round of Chile's presidential elections on Sunday but must face a run-off on December 15 that polls suggest will return the leftist former president to power
http://on.ft.com/1bSQHGo

Russia steps up entrepreneurial activity
Measures introduced to create favourable conditions for SMEs are beginning to pay off as fledgling ventures increase
http://on.ft.com/1d93ytb

Legs fall off China's hairy crab industry
Banquets of hairy crabs, a delicacy, are usually a way to grease the wheels of commerce but a crackdown on graft has hit crab sellers hard
http://on.ft.com/1d93ytf

Vale weighs $14bn tax dispute settlement
Brazil gives the miner the opportunity to almost halve charge to $8.5bn and pay it back over 15 years, resolving an issue that has dogged its shares
http://on.ft.com/1d93wBo

China hedge funds win seed capital
China's biggest investment bank is taking another leaf from the Goldman Sachs playbook by creating a fund to back new and established hedge fund managers in China.
http://on.ft.com/1aKT4sj

Ukraine: gas war averted, but is EU deal on?
Ukraine has stepped back from the brink of another gas war with Russia and resumed gas imports from its powerful neighbour after a one week lull.
http://on.ft.com/1eVVdsT

Emerging Markets
MSCI Emerging Market Index up +1.67% at 1,022

Europe
FTSE up +0.40% at 6,720
RTS up +0.91% at 1,457
Warsaw Wig up +1.31% at 54,603
FTSE 300 Eurotop up +0.49% at 1,304

Americas
DJIA up +0.54% at 15,962
S&P 500 up +0.42% at 1,798
Bovespa up +2.34% at 53,452

Asia
Nikkei 225 down -0.01% at 15,164
Topix up +0.21% at 1,242
Hang Seng up +2.73% at 23,660
Shanghai Composite up +2.87% at 2,197
MSCI Asia ex-Japan up +1.95% at 471.02
CNX Nifty up +2.19% at 6,189

Currencies
€/$ 1.35 (1.35)
$/¥ 100.11 (100.21)

Commodities
Brent Crude (ICE) down -0.62 at 107.88
Light Crude (Nymex) down -0.44 at 93.40
100 Oz Gold (Comex) down -4.30 at 1,283

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