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Singapore Air bans use of Samsung Galaxy Note 7 Singapore Airlines (SIA) on Saturday said that it has joined other airlines in banning the inflight use of Samsung's Galaxy Note 7 phones after reports of exploding batteries in some units. "The powering up and charging of   Samsung Galaxy Note 7   mobile phones is prohibited on all our flights," SIA said in a statement. Australia's Qantas and Virgin Australia and Abu Dhabi-based Etihad have also announced similar bans. US and Japanese aviation authorities have urged passengers not to turn on or charge the large-screen phones on aircraft. The South Korean smartphone maker last week suspended sales of the phablet and recalled 2.5 million units. The US Federal Aviation Administration has also told passengers not to stow the devices in checked baggage.

AirAsia to launch leasing business stake sale AirAsia, Asia's biggest budget airline, will kick off the sale of a majority stake in its plane leasing unit this month, a deal that could value the business at about $1 billion, people familiar with the matter told Reuters. The Malaysia-based carrier, headed by tycoon Tony Fernandes, has hired three investment banks to run the sale of the Asia Aviation Capital stake, the people said. They declined to be identified as the discussions were confidential. The deal would help   AirAsia   boost its finances and slash debt after it faced criticism last year for its accounting practices. At an overall valuation of $1 billion, the sale would be significant for a carrier with a market capitalisation of $2 billion. AirAsia declined to comment. The airline plans to tap potential suitors including the leasing units of China's HNA Group, China Merchants Bank, and the aviation leasing company backed by Hong Kong billionaire Li Ka-s...

Success of Pokemon GO adds impetus for change at Nintendo The phenomenal success of   Pokemon GO   and the surge in Nintendo Co's market value by $17 billion in just over a week has been seized upon by one of its most vocal investors to press for a change of strategy at the company. Until Pokemon GO, a mobile game, was launched just over a week ago,   Nintendo had taken every opportunity to say its main focus was still gaming consoles, and games for smartphones were just a means to lure more people to them. But the success of Pokemon GO - unforseen even by its creators - has shown the potential for augmented reality and for Nintendo to capitalise on a line-up of popular characters ranging from Zelda to Super Mario. Seth Fischer, founder and chief investment officer at Oasis Management, is one of Asia's best known hedge fund managers and has long been a small but loud shareholder. Encouraged by the success of mobile games like "Candy Crush", he has campaign...

Asia's oil markets are being upended as India's and China's refiners overtake once-dominant buyers likeJapan and challenge the United States as the world's biggest consumer. The shifts are not only establishing new trade routes but are also challenging the way oil is priced in the region as the new players push for more cash cargoes and fewer long-term deals. Read Full Article Over Here :  Business Standard News Read more from our special coverage on "OIL" Oil falls as OPEC squabbles over output targets, crude stocks swell Dont reimpose customs duty on crude: Oil firms Oil prices stabilise on lower US rig count, but global glut still weighs Oil story: theres a new world order to talk about at the Davos of energy Saudi, Iraq sell more oil to India, elbow out Latin America crudes

Investors should short gold, one of the best performing assets this year, Goldman Sachs said, as it believes a recent rally triggered by concerns over the health of the  global economy  has been overdone. Bullion has gained about 13% in 2016 as worries over negative interest rates and their impact on the banking sector sent investors scurrying out of equities and into safe-haven gold. Read Full Article Over Here :  Business Standard News