| * HSBC set to cut thousands more jobs * Philippines Boosts Domestic Debt as It Shuns Global Bonds * Kenyatta lawyers push international court to drop case * Russians join locals as big Cyprus losers * Foreign carmakers face South Korean probe * China replaces UK in top 5 arms exporters * 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 * China's premier sets reform bar lower Markets: down HSBC set to cut thousands more jobs
HSBC is gearing up for thousands more job cuts, with Europe's biggest bank by market value set to outline the next stage in its strategic overhaul at an investor day in two months' time.
http://on.ft.com/YkKuvh Philippines Boosts Domestic Debt as It Shuns Global Bonds
The Philippines will boost domestic bond sales to the most since at least 2005 next quarter as it seeks to raise nearly all of its debt requirements locally amid record-low interest rates and a strengthening peso.
http://bloom.bg/113EA80 Kenyatta lawyers push international court to drop case
Lawyers for Kenya's president-elect, Uhuru Kenyatta, will push the International Criminal Court on Monday to drop charges against him after the case against his co-accused collapsed.
http://reut.rs/ZCLvjV 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 Foreign carmakers face South Korean probe
The head of South Korea's car importers' association has hit out at "witch-hunting" by competition authorities after BMW, Mercedes-Benz, Volkswagen and Toyota Motor were probed over alleged price collusion.
http://on.ft.com/ZDjZmm 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 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 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 -1.19% at 1,030 Europe
FTSE down -0.68% at 6,446
RTS down -3.27% at 1,487
Warsaw Wig down -1.21% at 46,556
FTSE 300 Eurotop down -0.75% at 1,194 Americas
DJIA down -0.17% at 14,514
S&P 500 down -0.16% at 1,561
Bovespa down -0.72% at 56,869 Asia
Nikkei 225 down -2.71% at 12,221
Topix down -2.22% at 1,028
Hang Seng down -2.00% at 22,083
Shanghai Composite down -1.68% at 2,240
MSCI Asia ex-Japan down -1.41% at 477.04
S&P CNX Nifty Index down -0.64% at 5,835 Currencies
€/$ 1.30 (1.30)
$/¥ 94.97 (94.16) Commodities
Brent Crude (ICE) down -1.41 at 108.41
Light Crude (Nymex) down -0.94 at 92.51
100 Oz Gold (Comex) up +9.10 at 1,602 | 
