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London headlines

* 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

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