| * PCCW buys Telstra's Hong Kong mobile unit * China cash injection fails to calm lenders * Obama threat to veto Iran sanctions move * Gripen sees off rivals in Brazil contest * Reform could put Mexico in oil's big league * Political risk increases for EM investors * EM currencies under renewed pressure * Markets: down PCCW buys Telstra's Hong Kong mobile unit
The Hong Kong telecoms group will pay $2.4bn to buy back CSL, the mobile business it sold to its Australian rival just over a decade ago
http://on.ft.com/1bUE3Vd China cash injection fails to calm lenders
Despite an emergency cash injection of a reported Rmb200bn money market rates remain at dangerously high levels
http://on.ft.com/1bUE3Ve Obama threat to veto Iran sanctions move
Group of 26 senators file bill which would impose swingeing new cuts in Iran's oil exports if it breaks interim nuclear agreement reached last month
http://on.ft.com/1bUE3Vh Gripen sees off rivals in Brazil contest
Gripen has again defeated bigger competitors to win an order for 36 jets worth $4.5bn from Brazil, after Swiss success
http://on.ft.com/1bUE6Aj Reform could put Mexico in oil's big league
Atlantic Council report says energy reform could catapult Mexico into top league of global oil producers if foreign companies can be enticed to invest
http://on.ft.com/1bUE3Vk Political risk increases for EM investors
Taper fears have faded as Fed begins its asset purchase reduction, but political risk will increase as several developing nations go to polls next year
http://on.ft.com/1bUE6An EM currencies under renewed pressure
Even if investors are used to the idea of the Fed tapering, emerging markets now face closer scrutiny of macroeconomic weaknesses and political risks
http://on.ft.com/1bUE3Vl Emerging Markets
MSCI Emerging Market Index down -0.37% at 987.03 Americas
DJIA up +0.07% at 16,179
S&P 500 down -0.06% at 1,810
Bovespa up +2.12% at 51,633 Asia
Nikkei 225 down -0.19% at 15,829
Topix down -0.27% at 1,260
Hang Seng down -0.40% at 22,797
Shanghai Composite down -1.02% at 2,106
MSCI Asia ex-Japan down -0.45% at 540.11
CNX Nifty up +0.31% at 6,186 Currencies
€/$ 1.36 (1.37)
$/¥ 104.45 (104.24) Commodities
Brent Crude (ICE) down -0.39 at 109.90
Light Crude (Nymex) down -0.23 at 98.81
100 Oz Gold (Comex) up +2.30 at 1,197 | 
