| * MTR on track for Beijing rail deals * China tops US as leading net oil importer * Yum shares hit as earnings plunge 68% * Worries intensify over US debt default * IMF tells nations to raise their game * S Africa minister calls for Fed clarity * Russia hits Lithuania with dairy ban * Iran debates 'Death to America' slogan * IMF warns of China threat to exporters * Markets: mixed MTR on track for Beijing rail deals
The Hong Kong metro rail group is in talks to operate two new lines in China's capital, including a high-speed link to the new international airport
http://www.ft.com/cms/s/0/a4cf6fa4-3085-11e3-80a4-00144feab7de.html China tops US as leading net oil importer
China has overtaken the US to become the world's largest net oil importer, according to US estimates, as its steady increase in imports has crossed over with the steep decline in America.
http://www.ft.com/cms/s/0/4aef8e74-3062-11e3-9eec-00144feab7de.html Yum shares hit as earnings plunge 68%
The company saw same-store sales in China, which accounts for more than half of total revenues, decline for seven consecutive months
http://www.ft.com/cms/s/0/37ad5ee2-3051-11e3-9eec-00144feab7de.html Worries intensify over US debt default
Equities come under fresh pressure as US government shutdown drags on, with a quick resolution to the budget stand-off looking increasingly unlikely
http://www.ft.com/cms/s/0/9ab84b26-2fc7-11e3-8b7e-00144feab7de.html IMF tells nations to raise their game
World faces years of sluggish growth unless leading economies undertake difficult economic reforms, downbeat World Economic Outlook says
http://www.ft.com/cms/s/0/26a0c9d0-2ff3-11e3-9eec-00144feab7de.html S Africa minister calls for Fed clarity
Pravin Gordhan says US central bank should provide clarity and be sensitive to global conditions when it begins tapering its asset purchase programme
http://www.ft.com/cms/s/0/312a1fa2-301e-11e3-80a4-00144feab7de.html Russia hits Lithuania with dairy ban
Russia's announces more stringent testing of Georgian wine imports, the day after banning Lithuanian dairy products and soon after blocking Moldovan spirits
http://www.ft.com/cms/s/0/15d68e58-3027-11e3-9eec-00144feab7de.html Iran debates 'Death to America' slogan
Rafsanjani, former president and pillar of political establishment, has also gone public with his opposition to the continued use of phrase
http://www.ft.com/cms/s/0/f0145f96-2fff-11e3-80a4-00144feab7de.html IMF warns of China threat to exporters
The International Monetary Fund warns that China's move away from material-intensive growth could stifle growth for commodity exporters
http://www.ft.com/cms/s/0/952dbe44-2ff8-11e3-9eec-00144feab7de.html Emerging Markets
MSCI Emerging Market Index down -0.40% at 1,005 Americas
DJIA down -1.07% at 14,777
S&P 500 down -1.23% at 1,655
Bovespa down -0.20% at 52,312 Asia
Nikkei 225 up +0.66% at 13,987
Topix up +0.95% at 1,161
Hang Seng down -0.57% at 23,047
Shanghai Composite up +1.08% at 2,198
MSCI Asia ex-Japan down -0.37% at 544.24
CNX Nifty down -0.32% at 5,910 Currencies
€/$ 1.36 (1.36)
$/¥ 97.32 (96.86) Commodities
Brent Crude (ICE) down -0.11 at 110.05
Light Crude (Nymex) up +0.01 at 103.50
100 Oz Gold (Comex) unchanged 0.00 at 1,324 | 
