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Financial Times
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New York headlines

* 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

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