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Financial Times
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New York headlines

*China opens way for Zhou to stay at PBOC

*Foreign hostages feared killed in Nigeria

*Southeast Asia: bills of lading and trade, employment, consumption

*South Korea and US begin military drills

*Evonik sells stake to Temasek

*Diageo overhauls supply chain

*China: riding the hog cycle

*Egypt hits problems over IMF loan

Markets: mixed

China opens way for Zhou to stay at PBOC
Zhou Xiaochuan is set to serve as China's central bank governor past the mandatory retirement age after the government devised a workaround to keep him in office, a move that analysts say will keep the country's financial reforms on track. http://on.ft.com/14MVt3m

Foreign hostages feared killed in Nigeria
An Islamist terror group in Nigeria is believed to have killed seven foreign hostages, including a Briton, an Italian, a Greek and up to four Lebanese.
http://on.ft.com/ZruKGL

Southeast Asia: bills of lading and trade, employment, consumption
For emerging market-watchers, data matter. But if you really want an insight into how trends are shifting on trade flows – especially in Southeast Asia – it pays to listen to a shipping line. http://on.ft.com/YS3Olz

South Korea and US begin military drills
South Korea and US forces have launched an 11-day land and sea exercise, in the face of North Korean protests that such "sabre-rattling" could lead to military confrontation. http://on.ft.com/ZyFnuU

Evonik sells stake to Temasek
Evonik has sold a block of shares to Temasek as the German speciality chemicals group prepares the ground for a stock market listing. http://on.ft.com/WDA9iF

Diageo overhauls supply chain
Diageo, the world's biggest distiller, is devolving supply chain operations to country-level as emerging markets account for a bigger slice of sales. http://on.ft.com/YRY5wh

China: riding the hog cycle
Could rising food prices come back to haunt China's leaders once more? A sharp
increase in inflation,revealed in economic data published at the weekend, was driven largely by a jump in the food index. http://on.ft.com/16lkPcc

Egypt hits problems over IMF loan
Egypt's efforts to secure a critical $4.8bn loan from the International Monetary Fundhave run into fresh difficulty, possibly leading the government to seek emergency financing to avoid economic collapse.
http://on.ft.com/YPp37y

Emerging Markets
MSCI Emerging Market Index down -0.20% at 1,064

Europe
FTSE up +0.17% at 6,495
RTS up +0.76% at 1,544
Warsaw Wig down -0.20% at 46,982
FTSE 300 Eurotop down -0.35% at 1,191

Americas
DJIA up +0.47% at 14,397
S&P 500 up +0.45% at 1,551
Bovespa down -0.70% at 58,433

Asia
Nikkei 225 up +0.53% at 12,349
Topix up +1.91% at 1,040
Hang Seng down 0.00% at 23,091
Shanghai Composite down -0.35% at 2,311
MSCI Asia ex-Japan down -0.27% at 482.99
S&P CNX Nifty Index down -0.06% at 5,942

Currencies
€/$ 1.30 (1.30)
$/¥ 96.05 (95.99)

Commodities
Brent Crude (ICE) down -0.57 at 110.28
Light Crude (Nymex) down -0.28 at 91.67
100 Oz Gold (Comex) unchanged 0.00 at 1,577

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