* Kingfisher posts 7.55 billion rupee loss as planes sit idle - Financial Times (blog)

* Petrobras caps poor year with income surge

* Yum 2013 profits eaten into by China concerns

* Turkish PM casts doubt on roads deal

* Obama puts trade at heart of agenda

* India defends tough interim law on rape

* Egypt woos Mubarak-era businessmen

* Kingfisher posts 7.55 billion rupee loss as planes sit idle

Markets: down

Petrobras caps poor year with income surge
Petrobras, Brazil's state-controlled oil company, reported a 53 per cent rise in fourth-quarter income following tax and financial gains, rounding off what was still its least profitable year since 2004.
http://on.ft.com/YzeBQV

Yum 2013 profits eaten into by China concerns
Yum Brands, owner of the KFC fast-food chain, has forecast a drop in 2013 earnings due to the continued fallout from food safety concerns surrounding its Chinese business.
http://on.ft.com/WqXNNw

Turkish PM casts doubt on roads deal
Turkey's prime minister has cast doubt over the future of the country's second-biggest privatisation, which includes Koç Holding, Turkey's biggest conglomerate, and Malaysia's UEM in the winning consortium.
http://on.ft.com/TAm2Iz

Obama puts trade at heart of agenda
The Obama administration is readying several new cabinet appointments which will put the president's seal on what is likely to be a significantly expanded second-term agenda for trade and the international economy.
http://on.ft.com/YyCfgu

India defends tough interim law on rape
India's Congress-led government has defended its controversial emergency decree to impose harsher punishments, including the death penalty, on rapists,following a brutal gang-rape in Delhi that has shocked the nation.
http://on.ft.com/14NRWES

Egypt woos Mubarak-era businessmen
Egypt's authorities are accelerating efforts to reach out of-court settlements with businessmen over their dealings with the regime of ousted president Hosni Mubarak.
http://on.ft.com/Vznw2q

Kingfisher posts 7.55 billion rupee loss as planes sit idle
Debt-ridden and with no customers, Kingfisher Airlines Ltd posted a 7.55 billion rupees loss in the three months to December 31 as its planes sat idle, creditors circled and regulators rebuffed the Indian airline's revival plans.
http://reut.rs/XHspaV

Emerging Markets
MSCI Emerging Market Index down -0.66% at 1,066

Americas
DJIA down -0.93% at 13,880
S&P 500 down -1.15% at 1,496
Bovespa down -1.28% at 59,576

Asia
Nikkei 225 down -1.57% at 11,083
Topix down -1.25% at 943.76
Hang Seng down -1.68% at 23,287
Shanghai Composite down -0.42% at 2,418
MSCI Asia ex-Japan down -0.93% at 553.42
S&P CNX Nifty Index down -0.31% at 5,969

Currencies
€/$ 1.35 (1.35)
$/¥ 92.32 (92.36)

Commodities
Brent Crude (ICE) down -0.42 at 115.18
Light Crude (Nymex) down -0.10 at 96.07
100 Oz Gold (Comex) down -1.00 at 1,674