* Brazil drops criminal charges over spill

* AB InBev delays suit over Modelo deal

* Bulgaria faces early election

* Bumi rivals prepare for presidential battle

* China jobs freeze as Apple cuts orders

* Russia’s missing billions revealed

* Kenya judiciary ‘harassed’ ahead of poll

* AirAsia and Tata to set up Indian airline

* Currency crisis hits Egypt’s wheat supply

* Gold dims after Chinese buying spree ends

* BTG Pactual consolidates after IPO

Markets: down

Brazil drops criminal charges over spill
A Brazilian judge has dropped criminal charges against Chevron and Transoceanfor an oil spill off the coast of Rio de Janeiro in 2011, offering reassurance to foreign investors in the industry.
http://on.ft.com/Xqh3r5

AB InBev delays suit over Modelo deal
Anheuser-Busch InBev and the US Department of Justice agreed on Wednesday to delay litigation and engage in discussions involving the brewer’s proposed $20bn acquisition of Grupo Modelo.
http://on.ft.com/WT2bn3

Bulgaria faces early election
Bulgaria is facing a caretaker government and early elections after the centre-right administration of Boyko Borisov resigned following nationwide protests that turned violent.
http://on.ft.com/YGEgoV

Bumi rivals prepare for presidential battle
One of the dirtiest shareholder battles the City of London has ever seen will come to a head on Thursday. Shareholders in Bumi plc, the troubled, Indonesia-focused coal miner, must vote to back either financier Nat Rothschild or the board over their different plans to sever ties with Indonesia’s powerful Bakrie family.
http://on.ft.com/ZgM6YM

China jobs freeze as Apple cuts orders
Foxconn, the world’s largest contract electronics manufacturer, has imposed a recruitment freeze across most of its factories in China as it slows production ofApple’s iPhone 5.
http://on.ft.com/ZfYlVj

Russia’s missing billions revealed
Russia’s central bank governor has lifted the lid on $49bn in illegal capital flight year – more than half of which, he says, was controlled “by one well-organised group of individuals” that he declined to name.
http://on.ft.com/155vF4B

Kenya judiciary ‘harassed’ ahead of poll
Willy Mutunga, Kenya’s chief justice, said he and members of the judiciary had been receiving threats ahead of elections next month.
http://on.ft.com/WT2gaj

AirAsia and Tata to set up Indian airline
AirAsia and Tata group have announced plans to jointly establish a domestic Indian airline to capitalise on the country’s growing aviation market.
http://on.ft.com/Zgsa8p

Currency crisis hits Egypt’s wheat supply
Egypt, the world’s largest wheat importer, is struggling to buy the staple in the international market because of the impact of a currency crisis, creating a fresh challenge to the government of Mohamed Morsi, the Islamist president.
http://on.ft.com/Xx0E6g

Gold dims after Chinese buying spree ends
Gold fell 1.5 per cent to its lowest level since July as the precious metal continued its downward slide after crossing a key technical barrier.
http://on.ft.com/YnYint

BTG Pactual consolidates after IPO
BTG Pactual has reported a 69 per cent increase in net profit in its first annual results since it held its initial public offering last year.
http://on.ft.com/WXwk6q

Emerging Markets
MSCI Emerging Market Index down -0.96% at 1,058

Americas
DJIA down -0.77% at 13,928
S&P 500 down -1.24% at 1,512
Bovespa down -1.98% at 56,178

Asia
Nikkei 225 down -1.42% at 11,306
Topix down -1.05% at 963.48
Hang Seng down -1.77% at 22,894
Shanghai Composite down -2.74% at 2,332
MSCI Asia ex-Japan down -1.36% at 554.46
S&P CNX Nifty Index down -0.77% at 5,897

Currencies
€/$ 1.33 (1.33)
$/¥ 93.45 (93.54)

Commodities
Brent Crude (ICE) down -0.56 at 115.04
Light Crude (Nymex) down -0.89 at 94.33
100 Oz Gold (Comex) down -16.70 at 1,561

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