London morning espresso

** FT News **

* Russia dashes diplomatic hopes | Ukraine’s parliament urged the US and UK to use all “diplomatic, political, economic and military” means to preserve the nation’s territorial integrity

* Aircraft mystery deepens as search shifts | Search for missing Malaysia Air flight is extended but Air force chief denies saying that military radar located flight near Malacca Strait

* Indonesian consumers offset China slowdown | Despite a fall off in commodity prices and a slowdown in China – its main customer – Indonesia’s coal capital is experiencing a boom as domestic consumption thrives

* China worries dent Asia markets | Lingering concerns over growth in China feed broad risk aversion, pushing commodity and equity prices lower

* Mexico president takes on vested interests | Mexico’s president is being closely watched for how steadfastly he takes on entrenched interests, from corporate monopolies to narco-gangs

* Wall Street slips as China worries linger | The S&P 500 eases back as global equities lack a clear trend, while copper takes another tumble amid worries about Chinese demand

* Crimea business split on prospect of Russian future | Secession could mean boon of Moscow patronage and access to a huge market or isolation in a new region with dubious legality

* HK garment makers plan move into Myanmar | Twelve apparel companies sign letter of intent to open factories in the Thilawa industry zone, in a bid to reduce their reliance on factories in China

* QE boosts EM debt sales, says ECB research | The improvement in global financing conditions engineered by the Fed has powered a surge in issuance by non-financial corporations

** FT Opinion **

- China, trade, aid and Africa | Europe and China can learn from the other’s engagement in the continent

- Russia needs carrot as well as stick | Moscow needs assurances that EU membership for Ukraine is decades away and Nato membership is off the agenda, or the crisis in Ukraine could escalate

- Frustration builds for India’s developers | Few corporate stories convey the difficulties of building in the subcontinent as well as that of the founder of the Lemon Tree hotel chain

** BB recent & required reading **

- Times are sweet for Mexico exports | Sweet news for Mexico’s sugar exporters: the government’s anti-obesity campaigns mean exports are booming. According to data from the government’s sugar development committee, Conadesuca, exports reached nearly 866,000 tonnes between October and January.

- Guest post: the west’s double standards towards Ukraine | By Taras Kuzio of the University of Alberta During the course of the four-month long Euromaidan, I have been interviewed nearly 100 times by radio, television and print media from across the globe.

** From elsewhere **

China Still Has a Long To-Do List on Banks (Wall Street Journal)

Is Nigeria serious about tackling corruption? (BBC)

Top 5 Myths About Russia’s Invasion of Crimea (Moscow Times)

** Markets: down **

Emerging Markets
MSCI Emerging Market Index down -0.99% at 946.47

Americas
DJIA down -0.41% at 16,351
S&P 500 down -0.51% at 1,868
Bovespa up +0.36% at 45,698

Asia
Nikkei 225 down -2.46% at 14,849
Topix down -2.13% at 1,207
Hang Seng down -1.65% at 21,901
Shanghai Composite down -0.87% at 1,984
MSCI Asia ex-Japan down -1.22% at 531.98
CNX Nifty up +0.23% at 6,527

Currencies
€/$ 1.39 (1.39)
$/¥ 102.93 (103.00)

Commodities
Brent Crude (ICE) down -0.37 at 108.18
Light Crude (Nymex) down -0.73 at 99.30
100 Oz Gold (Comex) up +10.70 at 1,357