* New RBI chief, new rupee low
* Russian court cuts Mikhail Khodorkovsky’s prison sentence
* Emerging-Market Stocks Decline as HSBC Says Growth to Slow
* EU defers China telecoms trade case ahead of key mobile contract
* Zimbabwe Stocks Fall for Second Day After Mugabe Victory
* China Resources arm faces theft accusations
* Obama presses for US-Africa trade pact to be renewed
* Indian industrial equipment makers hurt by slowdown
* China handsets take 20% of global smartphone sales
new RBI chief, new rupee low
Raghuram Rajan, chief economic adviser to India’s finance ministry, has just been announced as the next chief of the Reserve Bank of India.
Russian court cuts Mikhail Khodorkovsky’s prison sentence
Russia’s supreme court on Tuesday cut the prison sentences of former oil tycoon Mikhail Khodorkovsky and his business partner, suggesting that both men may be able to walk free sooner than expected.
Emerging-Market Stocks Decline as HSBC Says Growth to Slow
Emerging-market stocks fell for the first time in four days after HSBC Holdings Plc (HSBA) said slower growth in developing economies curbed profit and investors speculated the U.S. Federal Reserve will reduce stimulus soon.
EU defers China telecoms trade case ahead of key mobile contract
The EU will hold off making a decision on whether to launch an incendiary trade case against Chinese telecoms companies until after China Mobile selects winners for a huge contract to build a next-generation wireless network in the Asian country.
Zimbabwe Stocks Fall for Second Day After Mugabe Victory
Zimbabwe’s main stock index fell for a second day after President Robert Mugabe won re-election. Banks stopped issuing new loans and his party said it will press ahead with a program to force foreign companies to cede assets to black Zimbabweans or the government.
China Resources arm faces theft accusations
A subsidiary of China Resources Group, the Hong Kong-listed Chinese conglomerate embroiled in corruption allegations, has been accused of theft and illegal asset transfers in a previously unreported case involving British investors in the Chinese resort island of Hainan.
Obama presses for US-Africa trade pact to be renewed
President Barack Obama is mounting an early push to extend a trade pact with sub-Saharan African countries set to expire in 2015 which is seen a cornerstone of US-African economic relations.
Indian industrial equipment makers hurt by slowdown
Prime Minister Manmohan Singh trotted out a series of familiar refrains at a meeting with many of India’s most prominent industrial tycoons last week: economic reforms were imminent, investor sentiment was improving and India’s recovery was just around the corner.
China handsets take 20% of global smartphone sales
Surging sales of cut-price smartphones mass produced in China has meant that the country’s handset makers now account for about a fifth of global branded sales.
MSCI Emerging Market Index down -0.72% at 949.56
FTSE up -0.20% at 6,606
RTS down -1.19% at 1,318
Warsaw Wig down -0.70% at 48,119
FTSE 300 Eurotop up +0.09% at 1,227
DJIA down -0.30% at 15,612
S&P 500 down -0.15% at 1,707
Bovespa down -0.08% at 48,436
Nikkei 225 up +1.00% at 14,401
Topix up +0.75% at 1,194
Hang Seng down -1.34% at 21,924
Shanghai Composite up +0.49% at 2,061
MSCI Asia ex-Japan down -0.89% at 443.16
CNX Nifty down -2.52% at 5,542
€/$ 1.33 (1.33)
$/¥ 98.11 (98.30)
Brent Crude (ICE) up +0.05 at 108.75
Light Crude (Nymex) up +0.24 at 106.80
100 Oz Gold (Comex) down -9.20 at 1,293