* Stocks firm but China concerns linger

* China’s Xinjiang riots leave 27 dead

* Fugitive financier Marc Rich dies

* Emerging Stocks Rise Most in 2 Months as Philippine Shares Surge

* Taiwan companies pressed in battle for talent

* Argentina asks US Supreme Court to hear defaulted creditors case

* Ford’s hopes in India rest on SUV launch

* AirAsia abandons Japanese venture with ANA

* U.S. employer held captive in China factory keeps his hopes up

* Dilma’s reforms: what she should do, and why she won’t

Markets: mixed

Stocks firm but China concerns linger
Global stocks are mixed, with European bourses firmer but Shanghai losing further ground as concerns linger about the health of the Chinese banking system.
http://reut.rs/15DVmr1

China’s Xinjiang riots leave 27 dead
Knife-wielding assailants attacked police and other people at a remote town in China’s restive far western region early on Wednesday in violence that killed 27 people, one of the bloodiest incidents since unrest in the regional capital killed nearly 200 in 2009.
http://on.ft.com/1aMRABs

Fugitive financier Marc Rich dies
Marc Rich, the colourful and controversial commodities trader and founder of Glencore who fled the US to avoid federal indictments, has died in Switzerland aged 78.
http://on.ft.com/10TZ6sr

Emerging Stocks Rise Most in 2 Months as Philippine Shares Surge
Emerging-market stocks rallied the most in more than two months, led by the biggest surge in Philippine shares since 2008, as better-than-estimated U.S. data bolstered confidence in the global economy.
http://bloom.bg/14rnuhJ

Taiwan companies pressed in battle for talent
The stereotypical Foxconn worker is a low-paid Chinese labourer, coming from a rural Chinese province to work on one of the contract manufacturers’ assembly lines making iPhones. But the Taiwanese company also employs thousands of mid-level and senior engineers and designers tasked with developing the processes needed to put together electronics.
http://on.ft.com/1aMaqsl

Argentina asks US Supreme Court to hear defaulted creditors case
Argentina has filed an appeal to the US Supreme Court in its legal battle with hedge fund creditors led by Elliott Management, seeking to reverse a lower-court ruling last October that ordered it to pay defaulted creditors when it paid performing debt.
http://on.ft.com/137Mhfm

Ford’s hopes in India rest on SUV launch
It isn’t every day that a $2bn investment rides on a single car launch in India, but on Wednesday executives at Ford will wait nervously to see if their latest model will justify the company’s heavy spending in Asia’s third-largest economy.
http://on.ft.com/137Mpvm

AirAsia abandons Japanese venture with ANA
AirAsia, the Malaysia-based no-frills carrier, has admitted defeat in a two-year attempt to break into Japan’s low-cost airline market after abandoning a joint venture with ANA, the Japanese airline, citing disagreements over strategy.
http://on.ft.com/19ycaUt

U.S. employer held captive in China factory keeps his hopes up
A U.S. businessman held captive by about 100 workers in a Beijing factory said on Wednesday he was hopeful of a resolution to a row about pay in the next day or two.
http://reut.rs/1aMRZnx

Dilma’s reforms: what she should do, and why she won’t
After a meeting with governors and mayors on Monday called in response to the biggest protests in Brazil in nearly a generation, President Dilma Rousseff announced five pacts ranging from political reform to better public health.
http://on.ft.com/17cqEc1

Emerging Markets
MSCI Emerging Market Index up +1.26% at 897.03

Europe
FTSE up +1.08% at 6,168
RTS up +1.34% at 1,260
Warsaw Wig down -0.94% at 44,542
FTSE 300 Eurotop up +1.60% at 1,148

Americas
DJIA up +0.69% at 14,760
S&P 500 up +0.95% at 1,588
Bovespa up +2.02% at 46,893

Asia
Nikkei 225 down -1.04% at 12,834
Topix down -0.87% at 1,069
Hang Seng up +2.43% at 20,339
Shanghai Composite down -0.41% at 1,951
MSCI Asia ex-Japan up +1.60% at 411.98
CNX Nifty down -0.36% at 5,589

Currencies
€/$ 1.30 (1.31)
$/¥ 97.47 (97.80)

Commodities
Brent Crude (ICE) down -0.04 at 101.22
Light Crude (Nymex) down -0.47 at 94.85
100 Oz Gold (Comex) down -42.50 at 1,23

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