| * US tells China to scrap air zone rules * Thai violence escalates as deadline looms * Cameron argues GSK case in China * Lessons from Asia's reversal of fortunes * Default fears mount as Ukraine turmoil deepens * NXP goes local in China car market * Markets: down! US tells China to scrap air zone rules
US stance comes as vice-president Joe Biden visits Japan, China and South Korea for talks that are expected to focus on the escalating dispute over the Senkaku Islands
http://on.ft.com/1bFeltA Thai violence escalates as deadline looms
As the Tuesday night deadline set by the opposition for Prime Minister Yingluck Shinawatra to resign looms, the protests in Bangkok grow more violent
http://on.ft.com/1bFeltB Cameron argues GSK case in China
Trade missing intends to boost UK economic ties with China and draw a line under a period of diplomatic tensions between the countries
http://on.ft.com/1bFekpB Lessons from Asia's reversal of fortunes
In the greatest irony perhaps, Myanmar's emergence on the international stage is now stealing some of Thailand's thunder
http://on.ft.com/1bFekpE Default fears mount as Ukraine turmoil deepens
Ukrainian bond yields soared and the price of insuring against a default on government debt surged yesterday as tens of thousands of demonstrators continued to protest in the country's biggest political crisis in nearly a decade.
http://on.ft.com/18xjO5D NXP goes local in China car market
Dutch semiconductor maker enters joint venture with state-owned Datang in a bet on the future of domestically made green vehicles
http://on.ft.com/1bFeltG Emerging Markets
MSCI Emerging Market Index down -0.39% at 1,009 Americas
DJIA down -0.48% at 16,009
S&P 500 down -0.27% at 1,801
Bovespa down -2.36% at 51,245 Asia
Nikkei 225 up +0.73% at 15,769
Topix up +0.44% at 1,265
Hang Seng down -0.53% at 23,912
Shanghai Composite down -0.08% at 2,206
MSCI Asia ex-Japan down -0.58% at 556.67
CNX Nifty down -0.08% at 6,213 Currencies
€/$ 1.35 (1.35)
$/¥ 103.31 (102.91) Commodities
Brent Crude (ICE) down -0.02 at 111.43
Light Crude (Nymex) up +0.23 at 94.05
100 Oz Gold (Comex) down -1.90 at 1,220 | 
