| * China replaces UK in top 5 arms exporters * Saudi cleric urges royals to adopt reform * Airport cements Sri Lanka's China links * Deripaska hits out over Russia's ills * America Movil: time to buy? * IMF to continue loan talks with Egypt * Luxury carmakers in China digital drive * Russians join locals as big Cyprus losers * China's premier sets reform bar lower Markets: down China replaces UK in top 5 arms exporters
China has become the world's fifth-largest arms exporter, a Sweden-based think tank said on Monday, its highest ranking since the cold war, withPakistan the main recipient.
http://on.ft.com/ZTDBT1 Saudi cleric urges royals to adopt reform
An influential Saudi cleric has urged the royal family to initiate reform or risk public anger and the possible disintegration of the kingdom, in a stark public warning.
http://on.ft.com/YBjOFR Airport cements Sri Lanka's China links
As President Mahinda Rajapaksa cuts the ribbon to open Sri Lanka's second international airport on Monday, he will hail a project that displays his country as modern, strife-free and open for business.
http://on.ft.com/XSvg4f Deripaska hits out over Russia's ills
For a businessman renowned for steering clear of politics, Oleg Deripaska, chief executive of Rusal, is unusually frank about Russia's ills.
http://on.ft.com/15UEjDD America Movil: time to buy?
At what point do América Móvil shares start to look cheap? Investors have several ways of deciding the true value of the company controlled by Carlos Slim, the world's richest man. But more than a few are doubtless mulling the question this week after shares in the pan-American telecoms company plunged 9.3 per cent since Monday morning.
http://on.ft.com/ZcR8Gg IMF to continue loan talks with Egypt
The International Monetary Fund said on Sunday that it would continue talks on a possible loan agreement with Egypt over the coming weeks.
http://on.ft.com/XRTIol Luxury carmakers in China digital drive
In most of the world, it takes a lifetime to get rich, if it happens at all. But China's wealthy get rich on average much more quickly than the affluent of other countries, often well before middle age.
http://on.ft.com/142BOk1 Russians join locals as big Cyprus losers
Cypriots clustered around bank cash machines in Nicosia's old town on Sunday afternoon to pick up a few hundred euros amid rumours that banks may stay closed on Tuesday and perhaps even longer.
http://on.ft.com/YilAj1 China's premier sets reform bar lower
Li Keqiang, China's new premier, made clear at his first official news conference that he is committed to the cause of reform. He mentioned the word 28 times as he laid out his vision of smaller government, a tougher stance on corruption and a fairer distribution of wealth.
http://on.ft.com/112Fkql Emerging Markets
MSCI Emerging Market Index down -1.11% at 1,031 Americas
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Hang Seng down -2.27% at 22,021
Shanghai Composite down -1.02% at 2,255
MSCI Asia ex-Japan down -1.59% at 535.66
S&P CNX Nifty Index down -0.75% at 5,829 Currencies
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