| * MTR on track for Beijing rail deals * India trade data offers economic relief * China tops US as leading net oil importer * Yum shares hit as earnings plunge 68% * China raises hurdles for foreign banks * Worries intensify over US debt default * IMF tells nations to raise their game * S Africa minister calls for Fed clarity * Russia hits Georgia with trade curb * 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 India trade data offers economic relief
Deficit narrows to $6.7bn as exports surge and gold imports fall, adding pressure on the central bank to unwind measures to protect the rupee
http://on.ft.com/GNwUy0 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 China raises hurdles for foreign banks
Beijing to more than triple the amount of capital that new entrants must post and limit derivatives operations of lenders already in the country
http://on.ft.com/GNwUxX Yellen pick for Fed helps salve US woes
US debt default fears only partially ameliorated after White House confirms Janet Yellen as its choice to head the Federal Reserve
http://on.ft.com/GNwS9a 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 Georgia with trade curb
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 -0.30% at 1,006 Europe
FTSE down -0.07% at 6,362
RTS down -0.52% at 1,464
Warsaw Wig up +0.26% at 50,266
FTSE 300 Eurotop down -0.06% at 1,231 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 +1.03% at 14,038
Topix up +1.46% at 1,167
Hang Seng down -0.63% at 23,034
Shanghai Composite up +0.62% at 2,212
MSCI Asia ex-Japan down -0.18% at 466.90
CNX Nifty up +1.33% at 6,007 Currencies
€/$ 1.35 (1.36)
$/¥ 97.33 (96.86) Commodities
Brent Crude (ICE) up +0.01 at 110.17
Light Crude (Nymex) up +0.04 at 103.53
100 Oz Gold (Comex) down -5.20 at 1,319 | 
