* Lego to build its first factory in Asia - Financial Times (blog)

* Russia attacks Cypriot bank levy

* Tehran faces cut in Asia oil exports

* Vale doubles cost of Argentine project

* Dark times for China's Suntech

* ICC to consider Kenyatta case

* HDFC banks on a measured approach

* Xi to meet Lew on cyber row and trade

* Argentina asks pope for help on Falklands

* Emerging markets need greater due diligence

* Lego to build its first factory in Asia

Markets: up

Russia attacks Cypriot bank levy
Russia on Monday blasted a proposed €5.8bn levy on Cypriot bank deposits by the EU, warning that a planned €10bn bailout is not big enough to restore confidence in Cyprus, while the mandatory tax on deposits could cause a bank run and a prolonged financial crisis.
http://on.ft.com/148cARz

Tehran faces cut in Asia oil exports
Iran is facing the loss of a significant chunk of its oil export revenues as some of its largest trading partners in Asia plan to reduce their imports because of thepressure of US and European sanctions.
http://on.ft.com/YMGh5S

Vale doubles cost of Argentine project
Vale has almost doubled the estimated cost of its suspended potash project in Argentina to $11bn as the Brazilian miner becomes the latest company to halt investments in the country.
http://on.ft.com/143Nlja

Dark times for China's Suntech
Things are going from bad to worse for Suntech Power, the Chinese solar panel maker. The company, which has been fighting to stay afloat amid falling panel prices and slowing demand, became the latest company from mainland China to default on its international bonds.
http://on.ft.com/ZnHa4S

ICC to consider Kenyatta case
The International Criminal Court in The Hague will hold hearings on Monday afternoon on whether to proceed with its case against Uhuru Kenyatta, who was declared Kenya's president-elect this month but faces charges of crimes against humanity stemming from post-election violence in 2007.
http://on.ft.com/WyJYfK

HDFC banks on a measured approach
News of an investigation into money laundering has forced India's second-largest privately run bank by assets to confront an unusual problem: negative publicity.
http://on.ft.com/15koSm2

Xi to meet Lew on cyber row and trade
US Treasury Secretary Jack Lew will meet Chinese President Xi Jinping on Tuesday at a critical time in relations between the world's two largest economies, with cyber hacking, the Chinese currency and market access high on the agenda for talks.
http://on.ft.com/YOR93i

Argentina asks pope for help on Falklands
Cristina Fernández, Argentina's president, has asked her compatriot, Pope Francis, to lobby Britain to negotiate sovereignty of the Falklands.
http://on.ft.com/15Wcs5X

Emerging markets need greater due diligence
Caterpillar of all companies ought to know a thing or two about digging. Even the world's best known maker of mechanical shovels and earth movers, however, appears to have been caught out by not doing its digging properly in China.
http://on.ft.com/WA5phQ

Lego to build its first factory in Asia
Lego is to build its first factory in Asia as the toymaker taps into surging demand in the region and continues its push to add production in low-cost countries.
http://on.ft.com/147vMyT

Emerging Markets
MSCI Emerging Market Index up +0.42% at 1,034

Americas
DJIA down -0.43% at 14,452
S&P 500 down -0.55% at 1,552
Bovespa up +0.18% at 56,973

Asia
Nikkei 225 up +1.94% at 12,457
Topix up +1.65% at 1,045
Hang Seng up +0.51% at 22,196
Shanghai Composite up +0.27% at 2,246
MSCI Asia ex-Japan up +0.70% at 540.34
S&P CNX Nifty Index up +0.08% at 5,840

Currencies
€/$ 1.30 (1.30)
$/¥ 95.57 (95.17)

Commodities
Brent Crude (ICE) down -0.13 at 109.38
Light Crude (Nymex) up +0.05 at 93.79
100 Oz Gold (Comex) unchanged 0.00 at 1,605