| * 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 |