* Rio Tinto iron ore output tops 2012 target as prices rebound - Financial Times (blog)

* EU berates China over steel subsidies

* EU bailout not for Slovenia, says president

* Syria tightens control on Lebanon border

* Singapore broker expands in Chicago

* TCS solid advance lifts hopes for growth

* Big test for UK luxury carmaker under Indian owners

* Rio Tinto iron ore output tops 2012 target as prices rebound

Markets: mixed

EU berates China over steel subsidies
The European Commission has concluded that China is providing illegal subsidies to its steel manufacturers, paving the way for European companies to seek higher import tariffs on a wide range of Chinese products.
http://on.ft.com/11vjUFu

EU bailout not for Slovenia, says president
Slovenia has no need "whatsoever" for an EU bailout, according to its president, who emphasised the necessity to improve the scandal-hit country's justice system before citizens would embrace further economic reforms.
http://on.ft.com/10uMGGS

Syria tightens control on Lebanon border
The thud of shellfire echoed in the snow-covered fields in the Bekaa Valley in the latest salvo of what Syrian rebels say is a concerted effort by President Bashar al-Assad's army to strengthen its control of the border with Lebanon.
http://on.ft.com/WXNawV

Singapore broker expands in Chicago
Phillip Capital, one of Singapore's largest brokers, is to deepen its ties with the Chicago derivatives markets by offering high-speed trading for its US customers.
http://on.ft.com/RVqfWC

TCS solid advance lifts hopes for growth
Tata Consultancy Services, India's largest IT outsourcing group by revenue, unveiled results slightly ahead of market expectations, raising hopes for future growth in the nation's software sector.
http://on.ft.com/RVq4uf

Big test for UK luxury carmaker under Indian owners
Jaguar Land Rover has roared to health in the four years since it was bought by India's Tata motors, but now comes the hard part for the luxury British automaker: proving it can build new models without former owner Ford.
http://uk.reuters.com/article/2013/01/14/uk-tatamotors-jlr-idUKBRE90D0R220130114

Rio Tinto iron ore output tops 2012 target as prices rebound
Global miner Rio Tinto aims to boost iron ore output by 15 percent this year after production in 2012 climbed to 253 million tonnes, beating its own guidance, as resurgent Chinese demand drives a price recovery.
http://uk.reuters.com/article/2013/01/15/uk-riotinto-ironore-idUKBRE90E04X20130115

Emerging Markets
MSCI Emerging Market Index down -0.31% at 1,077

Americas
DJIA up +0.14% at 13,507
S&P 500 down -0.09% at 1,471
Bovespa up +0.95% at 62,081

Asia
Nikkei 225 up +0.79% at 10,887
Topix up +0.71% at 905.08
Hang Seng down -0.35% at 23,332
Shanghai Composite up +0.34% at 2,320
MSCI Asia ex-Japan down -0.47% at 558.52
S&P CNX Nifty Index up +0.15% at 6,033

Currencies
€/$ 1.34 (1.34)
$/¥ 89.02 (89.46)

Commodities
Brent Crude (ICE) down -0.28 at 111.60
Light Crude (Nymex) down -0.32 at 93.82
100 Oz Gold (Comex) unchanged 0.00 at 1,669