| * Asia stocks bet on no December Fed taper * EU to start membership talks with Serbia * China arrest threat for US patent group * GSK China probe flags up wider concerns * Tesco to test India's retail waters * Bailout moves Ukraine closer to Moscow * 'Fragile five' countries face taper crunch * Markets: mixed Asia stocks bet on no December Fed taper Regional equities gain ahead of Federal Reserve decision, trading as if chances of US central bank paring its monthly asset purchases are small to nil http://on.ft.com/JFTn2d EU to start membership talks with Serbia EU agreed to open Serbia accession talks earlier this year but decision to launch first inter-governmental conference is a significant step by Brussels http://on.ft.com/JFTn2e China arrest threat for US patent group Antitrust authorities have threatened to arrest representatives of a US patent licensing company embroiled in a dispute Huawei http://on.ft.com/JFTn2h GSK China probe flags up wider concerns Scandal has sparked wider investigations within the country itself and is shining a spotlight on the industry's ethical practices worldwide http://on.ft.com/JFTkUj Tesco to test India's retail waters UK retailer is seeking permission from the Indian government to invest $110m in a supermarket joint venture with the influential Tata Group http://on.ft.com/JFTn2i Bailout moves Ukraine closer to Moscow Viktor Yanukovich, Ukraine's president, took a decisive step towards Moscow's orbit on Tuesday when he agreed to a massive bailout of his country via Russian investment of $15bn in Ukrainian bonds and a cut in gas prices worth $4bn. http://on.ft.com/1cahn9E 'Fragile five' countries face taper crunch The summer of market discontent in the wake of expectations that the US Federal Reserve would start to scale back its massive monetary stimulus, only made too clear the need for the governments of emerging economies to start getting serious about domestic reforms. http://on.ft.com/1kerRXk Emerging Markets MSCI Emerging Market Index up +0.21% at 992.57 Americas DJIA down -0.06% at 15,875 S&P 500 down -0.31% at 1,781 Bovespa down -0.38% at 50,090 Asia Nikkei 225 up +1.58% at 15,519 Topix up +1.27% at 1,248 Hang Seng up +0.64% at 23,217 Shanghai Composite down -0.04% at 2,150 MSCI Asia ex-Japan up +0.28% at 546.30 CNX Nifty up +0.55% at 6,173 Currencies €/$ 1.38 (1.38) $/¥ 102.87 (102.66) Commodities Brent Crude (ICE) up +0.06 at 108.50 Light Crude (Nymex) up +0.16 at 97.38 100 Oz Gold (Comex) unchanged 0.00 at 1,231 |