| * Japanese airlines snub China air rules * Watchdog criticises Mexico's rights abuses * Blueprint for reform targets corruption * Putin leans on Kiev as protests persist * Repsol likely to accept $5bn YPF offering * Iran opens contacts with oil groups * China launches second carbon exchange * China set to unravel cotton stockpile * Markets: mixed Japanese airlines snub China air rules
Japanese airlines, which had initially complied with new Chinese restrictions, are now ignoring Beijing's insistence that they need permission before flying over contested islands
http://on.ft.com/18G7QUU Watchdog criticises Mexico's rights abuses
Human Rights Watch accuses President Enrique Peña Nieto of failing to stop widespread abuses brought about by Mexico's 'war on drugs'
http://on.ft.com/18G7rBY Blueprint for reform targets corruption
An agenda aimed at putting China on a sustainable economic footing may cost foreign companies dearly
http://on.ft.com/18G7rC2 Putin leans on Kiev as protests persist
Russian President Vladimir Putin has delivered a stark reminder to Ukraine of its economic dependence on Moscow
http://on.ft.com/18G7rC4 Repsol likely to accept $5bn YPF offering
Spanish oil company demands guarantees on how $5bn in compensation will be paid after Argentina indicates it will use government debt
http://on.ft.com/18G7rC5 Iran opens contacts with oil groups
Iran's oil ministry has opened contacts with western majors as the government of Hassan Rouhani tries to capitalise on progress in nuclear talks and encourage companies to prepare for an eventual lifting of sanctions.
http://on.ft.com/IgrBbe China launches second carbon exchange
Shanghai platform, along with Shenzhen pilot and third to be launched in Beijing, could if successful be merged into a nationwide scheme
http://on.ft.com/18G7u0B China set to unravel cotton stockpile
China is to start selling down its huge cotton stockpile, comprising half the world total, in an anticipated move that has already dented prices
http://on.ft.com/IoaLIc Emerging Markets
MSCI Emerging Market Index up +0.22% at 1,008 Europe
FTSE up +0.16% at 6,647
RTS down -0.56% at 1,408
Warsaw Wig down -0.19% at 54,439
FTSE 300 Eurotop up +0.38% at 1,299 Americas
DJIA up 0.00% at 16,073
S&P 500 up +0.01% at 1,803
Bovespa down -1.56% at 51,447 Asia
Nikkei 225 down -0.42% at 15,450
Topix down -0.47% at 1,247
Hang Seng up +0.53% at 23,806
Shanghai Composite up +0.82% at 2,201
MSCI Asia ex-Japan up +0.32% at 470.85
CNX Nifty down -0.03% at 6,057 Currencies
€/$ 1.36 (1.36)
$/¥ 101.78 (101.28) Commodities
Brent Crude (ICE) up +0.43 at 111.31
Light Crude (Nymex) down -0.41 at 93.27
100 Oz Gold (Comex) up +12.30 at 1,254 | 
