| * Renault to enter China on back of Nissan * Brussels loses patience with Ukraine * Iran investment: companies beware * Bachelet set for victory in Chile poll * Japan leads Asian bourses lower * Car sales rev up to double speed in China * Bric nations' promise as saviours of car industry wavers * Mexico turns to the hard business of delivering energy reform * Russia's state-imposed utility price freeze expected to hit GDP * Markets: mostly down Renault to enter China on back of Nissan French carmaker signs billion-dollar joint venture with Dongfeng amid attempt to catch up rapidly with global rivals in world's biggest car market http://on.ft.com/18PIQKF Brussels loses patience with Ukraine Move betrays growing doubts in Brussels over whether any agreement on integration is possible while Viktor Yanukovich and his government remain in power http://on.ft.com/18PIQKH Iran investment: companies beware Tehran might face fewer sanctions in the new year – but those that remain will still be tightly enforced http://on.ft.com/18PIQKI Bachelet set for victory in Chile poll A run-off election in Chile pits the favourite, on a reform mandate, against Matthei as the two women vie for votes to become president http://on.ft.com/18PIRyf Japan leads Asian bourses lower Asian equity markets got off to a weak start after Japanese companies signalled worries ahead and a first-look survey of China's manufacturing sector fell to a three-month low. http://on.ft.com/197h5A6 Car sales rev up to double speed in China Largest cities, such as Beijing and Shanghai, are overwhelmed by traffic congestion but smaller cities still offer potential for growth http://on.ft.com/18PIRyh Bric nations' promise as saviours of car industry wavers November 14 was a historic day for São Paulo. About 6pm on the eve of a national holiday, the city recorded 309km of traffic jams – an all-time high for Brazil's business hub. That is roughly equivalent to a queue of cars all the way from New York to Boston. http://on.ft.com/1hbGus1 Mexico turns to the hard business of delivering energy reform Mexico's historic vote to open its oil and gas sector to private investment after 75 years yoked to the state is a political coup for Enrique Peña Nieto, the reform-minded president. Now for the hard part: delivering on it. http://on.ft.com/1j9g8uY Russia's state-imposed utility price freeze expected to hit GDP When Vladimir Yakunin has foreign guests, he hosts them in the palatial reception area of Russian Railways' headquarters, with its marble-clad halls, gilded ornaments and heavy wooden furniture. http://on.ft.com/JnXhw0 Emerging Markets MSCI Emerging Market Index down -0.18% at 988.66 Americas DJIA up +0.10% at 15,755 S&P 500 down -0.01% at 1,775 Bovespa down -0.14% at 50,051 Asia Nikkei 225 down -1.18% at 15,221 Topix down -0.82% at 1,229 Hang Seng down -0.70% at 23,083 Shanghai Composite down -1.43% at 2,165 MSCI Asia ex-Japan down -0.34% at 543.72 CNX Nifty up +0.09% at 6,174 Currencies €/$ 1.38 (1.37) $/¥ 102.77 (103.21) Commodities Brent Crude (ICE) up +0.35 at 109.18 Light Crude (Nymex) down -0.24 at 96.36 100 Oz Gold (Comex) up +0.20 at 1,236 |