| * PCCW buys Telstra's Hong Kong mobile unit * Kenyatta trial close to collapse * 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 * Fed taper pressures emerging markets * EU launches trade dispute against Brazil * Putin defends Russia's bailout of Ukraine * China central bank acts to ease crunch fear * Saab shares soar on Brazil defence deal * Markets: mixed PCCW buys Telstra's Hong Kong mobile unit
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 Kenyatta trial close to collapse
The case against President Uhuru Kenyatta of Kenya for crimes against humanity appeared to be collapsing yesterday, as the prosecutor asked for a delay to his trial and acknowledged a shortage of evidence
http://on.ft.com/1dSMa7V 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 Fed taper pressures emerging markets
The taper of asset buying by the Federal Reserve heralds a new era of dollar strength as the US currency rises against a basket of others
http://on.ft.com/1bUE3Vm EU launches trade dispute against Brazil
Brussels requests formal consultations in WTO over Brazil's alleged protectionist taxes levied on cars and other imports such as smartphones
http://on.ft.com/1bUE3Vp Putin defends Russia's bailout of Ukraine
Speaking at his annual news conference in Moscow, president says Russia's offer to temporarily cut gas prices to Kiev by a third could be extended
http://on.ft.com/19UFTWv China central bank acts to ease crunch fear
Rise in lending rates forces China's central bank to announce 'short-term liquidity operation' to provide credit to banks in need of money
http://on.ft.com/19UFV0x Saab shares soar on Brazil defence deal
Brazil has awarded a coveted $4.5bn fighter jet contract to Sweden's Saab, delivering a bitter blow to Boeing of the US and Dassault of France
http://on.ft.com/18Yro6Z Emerging Markets
MSCI Emerging Market Index down -0.36% at 987.10 Europe
FTSE up +0.17% at 6,596
RTS down -0.12% at 1,429
Warsaw Wig up +0.51% at 50,890
FTSE 300 Eurotop up +0.13% at 1,284 Americas
DJIA up +0.07% at 16,179
S&P 500 down -0.06% at 1,810
Bovespa up +2.12% at 51,633 Asia
Nikkei 225 up +0.07% at 15,870
Topix down -0.11% at 1,262
Hang Seng down -0.33% at 22,812
Shanghai Composite down -2.02% at 2,085
MSCI Asia ex-Japan down -0.18% at 458.15
CNX Nifty up +1.74% at 6,274 Currencies
€/$ 1.37 (1.37)
$/¥ 104.42 (104.24) Commodities
Brent Crude (ICE) up +0.30 at 110.59
Light Crude (Nymex) down -0.17 at 98.87
100 Oz Gold (Comex) up +1.50 at 1,197 | 
