| * Peña Nieto gets serious on energy reform * Chinese banks provide best bargains * US seeks 'first step' Iran nuclear deal * Emerging markets: Call goes out for specialist advice * University exam brings South Korea to standstill * EM bond rebound brings record within reach * Indonesia's economy faces headwinds * Brazil's Vale rises on Chinese demand * Coffee slides on strong Colombia supplies Markets: mixed Peña Nieto gets serious on energy reform
A more business-friendly energy liberalisation is likely to lure investment from oil majors, giving a fillip to Mexico's flagging economic growth rate
http://on.ft.com/HItOMY Chinese banks provide best bargains
Because China's financial system is in a bad way its cheap lenders are not a cause for concern – what matters more is what Beijing does about it
http://on.ft.com/19FfZsR US seeks 'first step' Iran nuclear deal
Senior US official sounds optimistic note that a deal can be done over Iran's nuclear programme as fresh talks with Tehran begin on Thursday
http://on.ft.com/19FfZsO Emerging markets: Call goes out for specialist advice
The well-heeled from fast-growing economies increasingly look to succession planning
http://on.ft.com/19FfXkE University exam brings South Korea to standstill
Time was put on hold in South Korea on Thursday as financial markets and public offices opened late to ensure calm when more than 650,000 students sat the annual university entrance exam.
http://on.ft.com/1cFs2tU EM bond rebound brings record within reach
Developing world debt sales back strongly after summer of turmoil, leading to forecasts of a second bumper year of overall issuance
http://on.ft.com/19FfXkK RBI shakes up rules on foreign bank ownership
India has unveiled a shake-up of the rules governing foreign banks that is likely to lead global institutions including Standard Chartered, Citigroup and HSBC to establish separately capitalised local subsidiaries.
http://on.ft.com/18ZtzTn Brazil's Vale rises on Chinese demand
Vale, the world's second-largest miner by volumes, posted its first quarterly profit increase in more than two years as China's steelmakers replenish stocks and the company's aggressive cost-cutting plan starts to pay off.
http://on.ft.com/1gsv5pX Coffee slides on strong Colombia supplies
Analysts said the Arabica benchmark could fall below $1 a pound, a level not seen since 2006
http://on.ft.com/19FfZJ9 Emerging Markets
MSCI Emerging Market Index down -0.28% at 1,013 Europe
FTSE down -0.20% at 6,728
RTS up +0.14% at 1,461
Warsaw Wig down -0.15% at 53,844
FTSE 300 Eurotop down -0.10% at 1,295 Americas
DJIA up +0.82% at 15,747
S&P 500 up +0.43% at 1,770
Bovespa unchanged 0.00% at 53,385 Asia
Nikkei 225 down -0.76% at 14,228
Topix down -0.62% at 1,185
Hang Seng down -0.68% at 22,881
Shanghai Composite down -0.48% at 2,129
MSCI Asia ex-Japan down -0.39% at 477.46
CNX Nifty down -0.45% at 6,187 Currencies
€/$ 1.35 (1.35)
$/¥ 98.68 (98.62) Commodities
Brent Crude (ICE) down -0.89 at 104.35
Light Crude (Nymex) up +0.29 at 95.09
100 Oz Gold (Comex) unchanged 0.00 at 1,318 | 
