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While Asia's major equity markets have delivered strong gains since the start of 2013, one frontier market has been quietly outperforming - rising 17 percent - making it the best performer in the region.
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While Asia's major equity markets have delivered strong gains since the start of 2013, one frontier market has been quietly outperforming - rising 17 percent - making it the best performer in the region.
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NEW DELHI, Feb 4- Air India flew some of its Boeing Co 787 Dreamliner aircraft even after U.S. regulators grounded the global fleet last month due to undiagnosed battery problems. Dreamliners operated by India's national carrier were flown to Mumbai for maintenance reasons, Arun Mishra, the head of India's civil aviation regulator, said on Monday.
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HONG KONG, Feb 4- Hong Kong shares reversed early gains on Monday, as investors took profit on Chinese insurers after mainland regulators approved HSBC's sale of its remaining stake in Ping An Insurance. *Ping An Insurance dropped 2.8 percent to HK $68.90 in an intra-day reversal, but stayed above the HK $59 per share level that HSBC had priced its stake sale.
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SINGAPORE, Feb 4- Brent crude steadied above $116 per barrel on Monday, holding near a more than four-month high, as data from top consumers China and the United States reinforced a view that the global economy was headed for a modest uptick this year.
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NEW YORK, Feb 4- Potash miner Prospect Global Resources Inc won't open its first mine until at least 2015, but the American upstart is already upsetting the multibillion-dollar fertilizer industry where a few players control a crucial ingredient in the global food chain.
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HONG KONG, Feb 4- Hong Kong shares rose on Monday to linger near 21- month highs, as investors gave further chase to the rally in the Chinese banking sector at the start of the last full week of trading before the Lunar New Year holiday. The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.2 percent.
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A secret legal review on the use of America's growing arsenal of cyberweapons has concluded that President Obama has the broad power to order a pre-emptive strike if the United States detects credible evidence of a major digital attack looming from abroad, according to officials involved in the review. The New York Times reports.
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*Spot gold neutral in $1,657.54- $1,681.70/ oz- technicals. Investors remain fairly optimistic in the U.S. recovery, which makes gold less attractive, even though recent data is rather a mixed bag, "said Chen Min, an analyst at Jinrui Futures in the southern Chinese city of Shenzhen."
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SINGAPORE, Feb 4- Brent crude steadied above $116 per barrel on Monday, holding near a more than four-month high, as data from top consumers United States and China reinforced a view that the global economy was headed for a modest uptick this year.
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Australia's central bank, which holds its first policy meeting of the year on Tuesday, could use the opportunity to deliver a surprise interest-rate cut to underpin the economy and dent the appeal of the robust Aussie dollar, strategists told CNBC.
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SINGAPORE, Feb 4- The U.S. 10- year Treasury yield hit a nine-month high on Monday after jobs and manufacturing data on Friday showed the U.S. economy's recovery remained on track and helped lift equities to five-year highs.
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SINGAPORE, Feb 4- Gold ticked lower for a second session in three on Monday as a string of data pointing to a U.S. economy on the mend gave investors less reason to buy assets deemed as safe-haven. *Spot gold slipped $1.43 to $1,665.11 an ounce by 0056 GMT.
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HONG KONG, Feb 4- Hong Kong shares could start the week higher on Monday, tracking Wall Street gains last Friday after positive U.S. jobs data that solidified expectation of growth.
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SINGAPORE, Feb 4- U.S. crude futures steadied above $97 per barrel in early Asian trade on Monday after data from China and the United States last week reinforced expectations that economic growth in the world's two biggest energy consumers may be better this year than last.
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The company must chart a tough course: quickly launch cheaper handsets to woo lower-end subscribers while restoring its tattered brand among the countries' status-conscious.
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COLOMBO, Feb 3- Sri Lanka said on Sunday it would not allow into the country an international human rights panel due to visit after the government's controversial sacking of the chief justice.
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NEW DELHI/ JAKARTA, Feb 4- Research in Motion Ltd must chart a tough course in its two key emerging markets of India and Indonesia: quickly launch cheaper handsets to woo lower-end subscribers while restoring its tattered brand among the countries' status-conscious.
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*Dubai aims to "set the tone" for rest of world. DUBAI, Feb 3- Dubai aims to become a top global centre for Islamic bonds by introducing more detailed standards that ensure issuance and trading obey not only the letter but also the spirit of Islamic rules, a securities market official said.
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Growth in China's increasingly important services sector ticked up slightly in January, the fourth straight monthly rise, adding to evidence that the recovery in the world's second-largest economy is a modest one.
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"It's inevitable that that's going to be on the table," said Jake Colvin, vice president at the National Foreign Trade Council, which represents major U.S. exporters such as Boeing Co, Microsoft Corp and Caterpillar Inc..