Friday newspaper round-up: Emerging economies, Syria, Europe

LONDON (ShareCast) - (ShareCast News) - Global investors will suck capital out of emerging economies this year for the first time since 1988, as they brace themselves for a Chinese crash, according to theInstitute of International Finance. Capital (Other OTC: CGHC - news) flooded into promising emerging economies in the years that followed the global financial crisis of 2008-09, as investors bet that rapid expansion in countries such as Turkey and Brazil could help to offset stodgy growth in the debt-burdened US, Europe and Japan. - Guardian Russian jets carried out fresh air strikes against anti-government forces in Syria yesterday and ruled out joining the US-led coalition against the Islamic State of Iraq and the Levant (Isis) as Moscow stepped up its militart intervention. - Financial Times David Cameron flew back from the Caribbean island of Grenada on Thursday and into the familiar signs of an autumn political storm brewing: the traditional Conservative conference row over Europe . Lord Lawson, the former Tory chancellor, declared that it was "increasingly clear" that the prime minister would fail to deliver any significant reforms in his EU renegotiation, currently moving sluggishly through the machine in Brussels. - Financial Times The UK's financial watchdog has issued proposals that may enable UK banks to draw a line under the payment protection insurance (PPI) scandal that has cost them billions of pounds in compensation to customers. The Financial Conduct Authority plans to launch a consultation on setting a deadline for PPI complaints, Naomi Rovnick writes. That deadline would fall two years after the rule comes into force which is not anticipated before the spring of 2016. - Financial Times Worldpay is on track to be Britain's biggest share offering for at least four years. The payments processing group, a former RBS (LSE: RBS.L - news) division, formally announced its pricing yesterday, putting a value of between £4.5bn and £5.2bn on it when it floats next month. When debt is considered World Pay's enterprise value could hit as much as £6.7bn. The shares will be priced between 225p to 260p. - The Times Experian (Amsterdam: EP8.AS - news) , one of the largest credit agency data brokers in the world, has been hacked. Some 15m people who used the company's services, among them customers of cellular company T-Mobile who had applied for Experian (Other OTC: EXPGF - news) credit checks, may have had their private information exposed, the company confirmed on Thursday. Information from the hack includes names, addresses, and social security, driver's license and passport numbers. The license and passport numbers were in an encrypted field, but Experian said that encryption may also have been compromised. - Guardian Transport for London's proposed clampdown on Uber could suck public ride-sharing apps into the fray, hurting consumers by adding to travel costs and traffic in the capital, the chief executive of Liftshare has claimed. Ali Clabburn, founder and boss of the car-pooling service Liftshare, said that TfL "could make congestion in London a whole lot worse and make transport unaffordable for a lot of people." - Telegraph Mike Lynch, the founder of Autonomy , has sued Hewlett-Packard for more than $160m over the allegations of massive fraud it has levelled against him. He challenged Meg Whitman, the Silicon Valley giant's chief executive, to a High Court showdown over the disastrous takeover of the FTSE 100 software company. - Guardian The Volkswagen emissions scandal has raised fears about a potential hit to investors who bought billions of dollars of bonds from the German carmaker linked to its loans to consumers. Analysts at one of the world's leading ratings agencies said yesterday that they were concerned that bonds linked to the repayment of VW car loans could end up being worth far less than originally thought as the prospect of several million vehicles being recalled risks damaging their resale value. - The Times Talks are under way to rescue one of Britain's biggest power stations by converting it from a coal-fired to a biomass station using new, cheap technology. Hundreds of jobs would be saved at the plant at Eggborough in North Yorkshire, which generates 4% of Britain's electricity. - The Times