* US and Iran set date for nuclear talks
* Shanghai gambles on new free trade zone
* Attacks in Kashmir kill 12 ahead of talks
* Thai central banker warns on subsidies largesse
* China’s economic rebound filters through to bottom line
* Panasonic sells healthcare business to KKR for $1.7bn
* Alibaba hits back at HK authorities
* Markets: middling
US and Iran set date for nuclear talks
Detailed negotiations over Iran’s nuclear programme will start in Geneva next month, it was announced on Thursday, following a meeting in New York that included one of the few encounters between senior US and Iranian officials since the 1979 Islamic revolution.
Shanghai gambles on new free trade zone
Some see the 28km free trade zone as a short-term boon for local property developers and landowners but others hope it will be a crucible for reform.
Attacks in Kashmir kill 12 ahead of talks
Separatist groups claims responsibility for strikes on police and army targets amid fears they could derail hopes of detente at UN meeting
Thai central banker warns on subsidies largesse
Thailand’s central bank chief on Friday fired a broadside against populist government policies, echoing wider fears that climbing consumer debt levels and more spending on commodity subsidies are undermining southeast Asia’s second-largest economy.
China’s economic rebound filters through to bottom line
Chinese industrial profits soared 24.2 per cent year-on-year in August as the economy’s recovery filtered through to corporate bottom lines.
Panasonic sells healthcare business to KKR for $1.7bn
Panasonic has confirmed domestic media reports that it’s selling its healthcare business to a unit of private equity behemoth KKR for Y165bn ($1.67bn).
http://www.ft.com/intl/fastft (Fast FT.)
Alibaba hits back at HK authorities
Joe Tsai accuses city of letting world pass it by after listing authorities refused to let Chinese internet group control the make-up of its board.
MSCI Emerging Market Index down -0.31% at 1,000
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Hang Seng up +0.35% at 23,207
Shanghai Composite up +0.20% at 2,160
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