| * Thaksin says he has no plans for Thai return * Asian shares skid to 4-week low, euro hit by ECB rate cut * Russia slashes long-term growth forecast * India accuses Goldman of election bias * Czech National Bank intervenes to weaken koruna * Chengshan demanded $400m for JV stake, Apollo hearing told * China corruption crackdown nets Cosco executive * Rice mountain set to grow even higher * United Breweries loses its fizz Markets: down! Thaksin says he has no plans for Thai return Former prime minister rules out return to Thailand as Senate prepares to debate amnesty bill that was expected to pave the way for his return from exile http://on.ft.com/194JzDy Asian shares skid to 4-week low, euro hit by ECB rate cut Asian shares slumped to a four-week low on Friday after Wall Street suffered its biggest fall in more than two months, while a surprise interest rate cut by the European Central Bank knocked down the euro to a seven-week low. http://reut.rs/1fnkut7 Russia slashes long-term growth forecast Russia has slashed its long-term forecast for the economy in the first official admission that the growth model underpinning President Vladimir Putin's rule is falling apart. http://on.ft.com/17Gy3V3 India accuses Goldman of election bias India's commerce minister attacks investment bank after analyst note upgrades expectations for the economy on expectations of an opposition election win http://on.ft.com/194JArc Czech National Bank intervenes to weaken koruna The Czech National Bank has begun intervening in currency markets to weaken the koruna, targeting a lower exchange rate as part of its battle to avoid deflation. http://on.ft.com/18bcmqE Chengshan demanded $400m for JV stake, Apollo hearing told The Chinese magnate who has seized control of Cooper Tire's Chinese tyre-making plant has demanded more than $400m to hand over his stake in the venture and end the stand-off, a US court has heard. http://on.ft.com/1bewR6O China corruption crackdown nets Cosco executive A leading executive at China Cosco, the heavily lossmaking shipping company, is the latest company leader to face investigation in the country, which has been cracking down on corruption across business and politics. http://on.ft.com/19IOTAW Rice mountain set to grow even higher The global hoard of the grain is forecast to rise 3% to 183m tonnes in 2014, with China, Thailand and Vietnam expected to increase stockpiles http://on.ft.com/1bbMTBP United Breweries loses its fizz The maker of India's Kingfisher Beer has swung to a second-quarter loss, weighed down by a swath of regulatory roadblocks, heavy monsoon rains, and rising input costs. http://on.ft.com/17cvFzL Emerging Markets MSCI Emerging Market Index down -0.81% at 1,002 Europe FTSE up -0.44% at 6,667 RTS down -1.61% at 1,445 Warsaw Wig down -0.93% at 53,286 FTSE 300 Eurotop down -0.69% at 1,288 Americas DJIA down -0.97% at 15,594 S&P 500 down -1.32% at 1,747 Bovespa down -1.21% at 52,741 Asia Nikkei 225 down -1.00% at 14,087 Topix down -0.70% at 1,176 Hang Seng down -0.60% at 22,744 Shanghai Composite down -1.09% at 2,106 MSCI Asia ex-Japan down -0.87% at 474.70 CNX Nifty down -0.75% at 6,141 Currencies €/$ 1.34 (1.34) $/¥ 98.20 (98.08) Commodities Brent Crude (ICE) up +0.43 at 103.89 Light Crude (Nymex) down -0.08 at 94.12 100 Oz Gold (Comex) unchanged 0.00 at 1,308 |