* China to reform controversial forced labor camps - Financial Times (blog)

* Galaxy lifts Samsung profit to record

* Yum licking its wounds in China

* Brazil auto production falters

* IMF visits Egypt to discuss loan as economic crisis worsens

* Iran reiterates support of Syrian regime

* Five accused in India rape case charged in court

* China to reform controversial forced labor camps

* Asian shares fall on caution before earnings reports

Markets: down

Galaxy lifts Samsung profit to record
Surging mobile handset sales drove earnings at Samsung Electronics to another record in the fourth quarter of last year, despite the competitive threat from Apple's iPhone 5.
http://on.ft.com/10awCdb

Yum licking its wounds in China
Shares in Yum Brands fell in after-market trading on Monday after the owner of the KFC fast-food chain warned that a controversy surrounding its Chinese operations would hit fourth-quarter earnings.
http://on.ft.com/10abqUS

Brazil auto production falters
Brazilian vehicle production fell for the first time in a decade last year, undermining the potential of the world's fourth biggest automotive market to offset weakness in developed countries.
http://on.ft.com/VH5dLJ

IMF visits Egypt to discuss loan as economic crisis worsens
A senior IMF official was meeting with the Egyptian government on Monday to discuss a stalled $4.8bn loan deal, as renewed political turmoil pushed the country closer to economic crisis.
http://on.ft.com/ZwwDqG

Iran reiterates support of Syrian regime
Iran's foreign minister on Monday reiterated his country's commitment to the regime in Damascus, praising a defiant speech by President Bashar al-Assad and calling on all sides to use "the opportunity" to help end the crisis.
http://on.ft.com/VGtJMY

Five accused in India rape case charged in court
Five men accused of raping and murdering an Indian student were read the charges in a near-empty courtroom on Monday after the judge cleared out lawyers for bickering over whether the men deserved a defense.
http://www.reuters.com/article/2013/01/07/us-india-rape-idUSBRE90607S20130107

China to reform controversial forced labor camps
China will reform its controversial system of forced labor camps this year, state media reported on Monday, which would mark a first step toward legal reform promised by new Communist Party chief Xi Jinping.
http://www.reuters.com/article/2013/01/07/us-china-camps-idUSBRE90609S20130107

Asian shares fall on caution before earnings reports
Asian shares fell on Tuesday as investors took a break from the new year's rallies, with caution setting in ahead of corporate earningsseason for the last quarter of 2012 and the European Central Bank's policy meeting later in the week.
http://www.reuters.com/article/2013/01/08/us-markets-global-idUSBRE88901C20130108

Emerging Markets
MSCI Emerging Market Index down -0.43% at 1,071

Americas
DJIA down -0.38% at 13,384
S&P 500 down -0.31% at 1,462
Bovespa down -0.94% at 61,933

Asia
Nikkei 225 down -0.86% at 10,508
Topix down -1.10% at 871.40
Hang Seng down -0.57% at 23,197
Shanghai Composite down -0.35% at 2,277
MSCI Asia ex-Japan down -0.57% at 555.12
S&P CNX Nifty Index down -0.26% at 5,973

Currencies
€/$ 1.31 (1.31)
$/¥ 87.39 (87.75)

Commodities
Brent Crude (ICE) down -0.02 at 111.38
Light Crude (Nymex) down -0.04 at 93.15
100 Oz Gold (Comex) up +2.50 at 1,648