A long dry season in the East has left Asia's premier tea-growing regions parched and could lead to a rise in tea prices, analysts said.» Read More
*China import growth hits 6- month high, beats forecasts. SYDNEY, Feb 12- London copper climbed on Wednesday as the appetite for risk picked up following comments by new Federal Reserve Chair Janet Yellen on the world's top economy, while stronger-than-expected Chinese trade data was also being digested.
More than a dozen banks are being probed by the NY Department of Financial Services regarding possible manipulation in the foreign exchange markets.
NEW YORK, Feb 5- Benjamin Lawsky, New York's financial services superintendent, has opened an investigation into manipulation of the currency markets by large banks and is requesting documents from more than a dozen institutions, according to a source familiar with the matter.
*Wall Street opens higher, MSCI world index stuck near 4- month low. LONDON, Feb 4- World shares steadied after falling to a near four-month low on Tuesday as a bounce in battered emerging market currencies and a positive start for Wall Street helped lift some of the recent gloom.
*MSCI world index slides to near 4- month low. Futures prices pointed to a 0.3 percent rebound for Wall Street later, but a mid-morning attempt at a stabilisation failed in Europe. And Europe looked almost rosy compared with Asia.
New falls on all the major bourses saw the pan-European FTSEurofirst start down 0.5 percent, although it was looking almost rosy compared with MSCI's main emerging market index. It was down another 1.4 percent having fallen 12 percent over the last two months, while MSCI's 45 country all world index dropped to its lowest since early October.
*Hong Kong reopens after New Year holiday, China reopens on Friday. Feb 4- Hong Kong shares stumbled in their first Year of the Horse trading on Tuesday, as the reopened market caught up with plunges elsewhere and Chinese growth-sensitive sectors led losses that made benchmark indexes reel.
NEW YORK, Feb 3- Emerging markets were facing headwinds going into 2014, but January's rout surprised even the gloomiest of investors, with big declines in stocks, bonds, and currencies.
LONDON, Feb 3- European banks have loaned in excess of $3 trillion to emerging markets, more than four times U.S. lenders and putting them at greater risk if financial market turmoil in countries such as Turkey, Brazil, India and South Africa intensifies.
Uganda, Tanzania and Rwanda will all experience an acceleration in growth, punching above 6 percent in the medium term, according to the Reuters poll taken in the past week and published on Friday. "East Africa stands out as the growth hotspot," said Razia Khan, head of Africa research at Standard Chartered in London.
LONDON, Jan 30- Britain's financial regulator has blocked Santander UK's plan to give its incoming deputy chief executive responsibility for risk management as it believes the two roles could come into conflict, people familiar with the matter said.
*Late to the game, Baidu searches for killer apps. BEIJING, Jan 30- China's Baidu Inc knows where you are, where you're going and when you want dumplings, guiding you from web page to restaurant when you use its search engine.
Viswanathan Shankar, CEO for EMEA and Americas at Standard Chartered maintains that the real economy in emerging markets is "robust" and that they have "terrific prospects" over the long-term.
DAVOS, Switzerland, Jan 23- Standard Chartered's chief executive said takeover talk that has resurfaced around his bank after recent problems is "rubbish" and the Asia- focused lender's prospects remain strong.
Peter Sands, CEO of Standard Chartered, says concerns over the so-called "fragile five" emerging markets are "overblown".
A local currency hit by months of political unrest, and skittish consumers spending less are keeping the pressure on Thai billionaire Dhanin Chearavanont.
Dhanin's CP ALL PCL, which operates 7- Eleven convenience stores, last year took a 1- year $5.8 billion loan to fund the $6.6 billion acquisition of cash-and-carry wholesaler Siam Makro- paying 53 times earnings in Asia's most expensive consumer sector deal by multiple.
Talk of a slowdown in emerging markets is "overblown," Peter Sands told CNBC on Wednesday and he dismissed speculation the bank was a takeover target.
SEOUL/ HONG KONG, Jan 21- A story Oriental Brewery boss Chang In-soo often tells about his days as a soju salesman is how he and two clients once worked through 29 bottles of the traditional Korean rice liquor at a single sitting. Oriental Brewery has certainly performed well in the five years under KKR& Co and Korea specialist Affinity Equity Partners.
*Buys Palm Utilities from Istithmar World. DUBAI, Jan 19- Dubai district cooling firm Empower bought Palm Utilities from a unit of Dubai World for $500 million on Sunday, part of a shuffle of assets between companies ultimately owned by Dubai's government or the emirate's ruler.