That is one issue. Have all thet ukrainian people to go vote. Not just a territory. That has not happened. It is under direct. There are two questions. To join russia or return crimea . Those are the concerns. Those were the only options available on the vote. One was not about crimea. The vote to rejoin russian or where it has been in a territory. The reaction from mr. John mccain. Clearly, airing his concern and feelings on this. Against it is masquerading as a country. It is corruption. A nation that is really only dependent upon oil and gas for their economy. Economic sanctions are important. Also, the Ukrainian Government calling the referendum a circus. Ok. Thank you. John dawson. This is playing out when it comes to the trading day. On friday. Treet we have gold on the way up. Generally, what do we have . Declined i guess when it comes to the asiapacific session. We are following the development and the crimea. And we will be watching very closely about what happens. Introduces volatility into the commodity market as you heard there given the back to be that passes through the ukraine. As far as the asiapacific is concerned, the real focus is on china. Less shifted the conversation back. We have the yuan trading bad. The doubling against the dollar. Part of chinas pledge to make its currency more flexible as they are seeing it happen. Well check on it in a moment. Some breaking news out of vietnam. The centralbank cutting its refinancing rate to six point five percent from a 7 . It was announced a short time ago. It is effective on march 18. Vietnam likely to cut other key Interest Rates according to the centralbank chief administrators. Well be following the story. Vietnam margins are not yet open. They ended higher on friday. Well be watching to see how they react. For the rest of asia, what we have across the asiapacific. Gains in china. Hang seng continuing the decline. Touching the impact of this move on the chinese currency. Advancing but a stronger yen. Softbank, outperform her. Plans tom alibabas list in the u. S. Well get you more on that in a moment. Indonesia. Lets not forget jakarta composite. Up as he report one percent. The focus is equities and the currencies stop up 0. 1 . The focus is equities and the currencies. We have been discussing the yuan today, the chinese currency. Bit more willt a the world according to the chinese government. Joining us from beijing is stephen. How significant is it . Step in thether process. We have seen a further weakening of the i am looking. It is 6. 1 to the dollar. Fridaysop of weakening. There is a weakness being built in right now. The imply out and the implied volatility, one month, the price a swing in the yuan which is used to price. That is climbed to a 1. 5 high. Furtherxpecting volatility with the wider wiggle room as you put it there, rish. The leaders pledged to make it more market base and another step in achieving that. 2005 and twoar in years later they have widened the band to 0. 5 . Widened of 2012, they it again. Right now, they why did it right again to 2 . This is a stepbystep process. It seems to signal that the currency is no longer just a oneway bet to depreciate and economist and investors seem to agree. Timing, this is perfect trying to match a weak economy and you want to help it with the currency. Have cpi you inflation. You have cpi and the balancing. Some kind of inflation to support. Growth is slowing. The pace of growth is slowing. It is still the envy of the world. 7 . We have seen weakness in the current see all the late. 3 yuan strengthened nearly last year. It slid. It is slid 1. 8 since reaching the 20 year high on january 14. Not just a oneway bet. What does it mean by doubling the band . Within 2 oftrade the fixing rate. At the most, it could fall or rise as much as 2 in a series. The authorities still said the daily fixing rate which is probably more important than the band itself an economist we spoke with a sad for the reform in that pricing mechanism, the fixing mechanism is also in need of the next step. Steve, thank you. Where on earth are the passengers . The search. The 10th the day right now. It has been a why didnt considerably. It has been widened considerably. Flight 370 loss control and could have long as far as kazhakstan. Had been turned off intentionally. It flew in a westerly direction back over the peninsula. Before turning north west. Point at which it coverage,ary radar withmovement is consistent deliberate action by someone from the airplane. Back itsm is a scaling search for the missing airplane. They said there is nothing in its waters but it is willing to help elsewhere. Midway across the gulf of thailand before it was due to enter vitamins air space. Vietnamese airspace. The pilot was sahair, 53 years old. He was called in aviation addict who love to fly. He and the copilot had not requested to fly to gather. They are being investigated as police searched their homes and question their families. Will get back to the trading day. The clients. Without tensions in the crimea. The east west. A host of other factors. Good morning. I look at the equity action to begin with. A second check on the chinese currency. The moves we have seen in yuan as they double. The mixed performance right now. The regional benchmark has been training a lower. It is extending the longest weekly slug since may 2012. The biggest weekly loss since may 2012. Western nation disputing the join russia. To of course, the moves out of china. A lot in this part of world. And the investigation into mh370. Hang seng down. We are tracking alibaba as it plans in the ipl in the u. S. And not getting what it wanted out of hong kong indexes and changing the rules. The regulators changing its own rules. It is heading to new york. We are seeing a pickup on softbank. 37 owner of alibaba. Some other moves in hong kong. Property shares and casino stocks. He movers going to the upside. Look at the insurers. Down. This is alibaba. Informed by chinas government that they will not be able to set up certain credit card businesses. I wanted to give you a sense of news and the financial space out of singapore. We have dbs. If it is one see of the key movers in that market. It looks like it is not popping up on the list. Look at the banking shares. Spending 20 20 million on this effort to build its Wealth Management division across the asiapacific. A lot happening in terms of corporate story and the china news certainly driving sentiment in this market. Zeb. Ank you, we are looking at the latest from kuala lumpur. About the ministry of mh370. This is on the move. It is back to the mysterious disappearance of mh370. Search, 25o the countries involved in essentially no new news. Lets bring in our correspondence. Whole host of speculation. What do we really know . Heres what we know. The airplane operated almost seven hours after the last contact with Traffic Control and that allows content was made at 8 11 a. M. It was put in to possible core doors. One stretcher from the border of kazakhstan to northern thailand. The other from indonesian to the southern indian ocean. India is among two dozen countries malaysia is contesting for assistance to scour the core doors. They are using maritime as well as air. What authorities also say is the transfer the data was turned off before the last call. The transport or was cut transporter was cut off after our was done deliberately. The crew it and focus. They are in a scrutiny. The other thing is the airplane might have been on the ground when a signal was sent. I. E. When the satellite handshake went down. 25 countries involved in the search. 10 days on and still nothing. Course, attention on the people on the aircraft. A terrible time for families in deed relatives and friends. A lot of the focus is on the crew now particularly the pilots. Well, we know the two pilots and the first officer. They did not make any specific request to fly to gather. If you go to facebook or youtube and youll get the idea that hair is passionate about flying and he built his own simulator and he is quite a handy. He posted videos offering home repair tips and loves to cook. As of now, authorities are exploring hijacking my sabotage, personal, and psychological problems of passengers. As well as crew members as possible causes of the missing airplane. Ok. Turning to the other stories making headlines. Shedding some businesses in asia. Dbs. Uyer is they are paying a quarter of a billion dollars. Cars,recalling odyssey about 900,000. They are talking about fuel pumps. It involves cars built between 2007 and 2010. The junta shares are in decline. 0. 9 . Honda shares are in decline. Spurring the growth. State media is saying the government will invest into shantytowns this year. 5 million households. To me the basic housing needs. The government is planning to invest in roadways for new urban areas. All right, a look at the stories we will be following. China out with Property Price data on to say. Real estate market has been holding up. Figures from february when Economic Indicators from beijing fell short of estimates. Making the trading debut on wednesday. Tokyo pricing at the bottom. It raised 3 billion. China mobile out with earnings on thursday. Investors are focusing on the current quarter. That is when a china mobile began selling the iphone. 2020nly week of the cricket tournament featuring hong kong for the very first time. It is on thursday. Suchwill face heavyweights as india and australia and west indies in the next round. Cardxt, millions of credit bridges in the u. S. And how Cyber Security experts are taking on hackers. Time for Cyber Security news. Nato. Hackers broke down the website. Latesteen as the escalation in the ukraine crisis. Our guess is one of the leading the pewter companies. Leading computer company. From as us exclusively singapore. Market, thank you for coming onto the show. This is something that is involving state actors to a large extent. In your view, where is the biggest threat coming from and reference what happened with the nato . The biggest threats are from two areas. One is very organized and sophisticated organized crime. And a nation state actors. What we are trying to do is increase the level of sophistication required for successful attacks. Only the most excessive sophisticated and wellfunded can come through. And, you have to be one step ahead of the hackers, dont you . It is a tough one. Because of the really, really more advanced ones are one step ahead of you guys. Cat and kind of the mouse game. For a long time, the focus has been on detection of the bad things going on. What we are trying to do is move rapidly from detection to prevention. You have to be up to detect and prevent and that takes Sophisticated Technology like ours to do that. How safe are some the Financial Institutions especially in this part of the world . Well, i think the institutions along with the governments are probably the most sophisticated from the defense perspective relative to a lot of other industries we work with. This part of the world is interesting. Our Fastest Growing area and in the world not surprising since most of the Global Companies are headquartered in the asia region. Theres a lot of focus here. These are the front lines for a lot of industries. It is for the banks. Give us an idea of how much your business is coming from the asiapacific. Sure. About 50 of our business is asiapacific. Revenue growing six percent year over year. Fast growingd rate. That is well over 50 yearoveryear. Whats a recognition of the cyberattacks defending yourself against. What at the moment, the most dangerous and you see out there currently . Tools have the tolls for companies to equip themselves . Of the most dangerous thing its advanced threats. What that means is a threat that has not been seen before. An unknown attack. The trick is to make it a known as soon as you can and that is he on the way to detect it and prevent that and that is what the platform we provide the companies does. It knows all of the known attacks and more importantly, it can see the unknown attacks and very readily convert into known attacks. It was a chance to prevent them. Up with a coating to prevent these attacks . How does your are in the works r d work . On people. Sed smart people. Researchers. We have many people in the head records in silicon valley. A lot other people have been and the Safety Network business for a long time. Many have played offense here when they are really working ifide of the hackers minds the rent how theyve and figure out how that will work. That is one of the advantages we have and applying that for preventing them. Do you employ x hackers ex0 hackers . Quite a bit of folks not only in our company but in the industry going from a black hat to a white hat. They bring expertise into our industry. They have been on the other side. They know how the attacks work. Mark, we believe that things are there. That is Mark Mclaughlin joining us. , a Cyber SecurityCompany Based in california. Well talk about a threat increasingly nation states. It becomes more and more powerful and what you need to do to prevent them from harming you and the infrastructure of your company or personal details as well. That is Mark Mclaughlin. We will take a break. What is going on. Particularly whether the yuan isnt doing. It is trading like other countries. China economist. We will return. An week against the dollar. Alibaba will go public but not in hong kong. Why investors are single wargames for indonesian stocks. Declines for more indonesian stocks. Declining equities at the moment. Tensions played out with the ukraine and russia. The west and the east as well. Lets find out more. Here he is. Good morning. We are closely watching the international response. Western nations following the news out of the crimea. The western nations saying the vote and we will have development on this all day. It is not necessarily having an impact on markets. I was told a local base investor today and he is saying the real focus is on china as they widen the trading band for the currency. It is already happening. Will check in on it. The hang seng, modestly lower. Zero. 1 . Shares and Property Owner the offside. New world developments, one of the ones to watch. Stocks moving lower. China doubling the limits for the yuan daily move against the dollar. It eases control on the exchanger rate. The impact it is having happening. What is happening with the chinese currency. The spot market and certainly cny. This is a twoday chart. This is todays mobile. Todays move. You see the difference there. We see some weakening today and the chinese currency. Watch it very closely as the trading band widens. It cannot be underestimated. And what is happening in terms of individual stocks. A lot of action across southeast asia. What we are watching in singapore. Dbs buying the Private Banking unit in the asian pacific. Part of the shares and other banks, dbs is up. 0. 25 . United overseas bank is unchanged to modestly lower. A check on indonesia and we are checking the rupiah. It is rising with a moderate exposure. It may see uptick from chinas move. Jci looks to modestly lower. Call it a flat market. These are the movies of. These are the movers for the from commodities to financials stop jakarta composite continuing the downward slump. Swinging between gains and losses. We will see how we shape up on the first trading day of the week. Investors. Shares surged after the Jakarta Governor [indiscernible] he said he will run for president. On monday. Sion lets go over now to the capital. The effect this is having. Good morning. I seems toor jokow have overcome his also call. On friday heause said he will run as the potential candidate and right at the announcement, they lost 3. 2 . That is the biggest one and a rally in six months. Low. As arisen since august seeing before the confirmation of his presidency candidate, he had already told the polls. Some analysts are saying after this information, this would make a rise in the number of borders for jokowi leaving other candidates lagging behind the numbers. Seems to have learned from the previous experience of the party in the last election in 2009. Finished third. 40 of the vote. Other parties have round up their campaign. Of thethe start threeweek campaign. Within the vote scheduled to start on april the ninth. That is the latest i can tell you about jokowi and his effect on the market so far. Back to you. Thank you very much. You can catch it. The indepth chat with jokowi later. That is 9 00 p. M. In sydney. Weakness and the chinese currency after the government giving the yuan more wiggle room widening the band. Tom has more. What does it mean for the government . Supposed to bes the reform agenda. Artificiallylow, stable Government Exchange rate with a key distortion in chinese economy and encourage people to put money in manufacturing and exporting instead of developing Domestic Services a factor. If constrained the central bank to keep Interest Rates to attendly low inflows. That was a key factor pushing the credit bubble and asset bubble everywhere from the equity markets. Now, we have a more market yuan which is closer to fair value. All distortions will start on widening. Seeeans over time, we investing more in Domestic Services and higher levels of employment and household income. It should give the centralbank more freedom to set Interest Rates independently and and help the centralbank as they come to terms to rely on a loans. Of laon could there be a shortterm factor to growth . Positives certainly for chinese economy. You are right, there could be shortterm cost. Chinese exports are already suffering. In february. Orts they might have to face a more volatile exchanger rate as a wall. Negative for the export sector. More subtly, by giving the centralbank more freedom to set Interest Rates, the latest move on the exchanger rate will do is accelerate toward higher and more market. That means credit will get the more expensive. The investment which is the main driver of growth in chinas economy. What does it mean for the currency itself . Many people saying it would appreciate against the dollar. Are they still doing that . Ahead of this move is we will see moderate depreciation and the concerned forecast was for the yuan to end in the year what the latest muchit does is it has a greater range of uncertainty into the forecast. , the tradefinds deficit suggested it is quite limited pressure. Thank you for that. Chinese economist joining us from beijing. An ipo in years and the making it heading to new york. Our guest covers alibaba. The very latest. For this. En waiting whether waiting for them to announce their ipo plans. We have details. Finally, they said they have a project code name for their ipo called avatar. More details on the ipo. An announcement they are fouling in the u. S. Dam not filed yet, the prefiling . We have been told the banks include Morgan Stanley and jpmorgan. Goldman sachs and citi. That is everybody, isnt it . Why the u. S. . A mostly because of Hong Kong Stock Exchange cannot satisfy their need or demand for the Partnership Structure that basically allow partners to nominate and majority of the board members. Also other attractions financially, the u. S. The liquidity situation could be deeper. Absolutely. Where italys hong kong. How bad a below is it . And then not host to an ipo bigger than this since october. That is a huge ipo that went into the u. S. We have been told there will be consultations Going Forward so maybe still not in the end of the story. Thank you very much. The latest on alibaba and is planned to live in new york. A look at gold. Sixmonth highs. In crimea. Uncertainty about the data leading to that. What a man image a Wealth Management joins us. Gold has been climbing. The highest and have seen in six months. The uncertainty of what happens next in the crimea. The tensions are the worst since the cold war between the ease and the west. We also have a gains in crude oil. It is not only about the gold. Onht, well have a more commodities coming off. We have Dominic Schnider joining us in a while. Lets check in on the corporate stories. Ury shoemaker Jimmy Hsu Choo might be ready to go public. People say it could be valued at 1. 7 billion. Proceeds could Fund Expansion in asia where sales are on the auto. 10 billion for a spanish cable operator. Boosting vodafones push into broadband. It preempts an idea that was improved by investors. Both companies have declined to comment. The worlds Biggest Mining Companies is planning a buyback. Andrew mackenzie telling the times, it could happen by the middle of the year. He said it will only happen when the debt is reduced to 25 billion. On what is going on and commodities. Over to singapore. Dominic scheider. He is there. Thank you for talking to us. Of uncertainty about what is going on in crimea and of coarse, tensions are rockbottom of onn the eu and a rush deck and russia on the other side. Russia on the other side. And that is what you are seeing in the gold prices. People realizing the crimea will remain a russian or will head toward russia and europe on the other side and the u. S. Not willing to accept that one. Tension will be high on the gold side that means it could go to 1400. Further upside in the very short run. The longer it goes up, the more we will see. It could be a graduate of move as we get quite possibly sanctions are being announced independent of what shape they do take. Well, absolutely. The tactical imaging and that would be a big story. You see russia is being compromised and that would have a big impact. On the other side, europe cannot afford to have sanctioned. Fromf the supply comes russia. We depend on each other. Side,s why on of gold more upside. On the oil, the sanctions might be tough, but you might think about oil prices spiking. And maybe threemonth tightening. You want to protect yourself if things get more way fortunate it is happening now and not in november. Isnt that right . With the dependency on Energy Particularly gas coming out of russia among we would be heading into winter and now we are heading out of it. Well, you are absolutely right. If it happened ahead of winter, the situation would be different. Actually, if you look at europe, it was a very mild winter. Inventory, 80 above average. On thewell stocked natural gas aside. We are good as we head into spring and summer. On the other side, we still need more than 30 of Energy Consumption and european union. It is related to russia. No burning away from the time of being even if youre safe on the natural gas aside. Course, oil prices have been rising as well. Is that fall in tandem with the gas prices or not related . Not related. You are looking at natural gas and in the u. S. Which was a weather phenomenon and the fact we have one of the coldest winters on record is clearly giving price support in a key driver. By the way, think about inventory plunged dramatically in the u. S. And that keeps natural gas is prices up. Onferent from what we see the european side. Here, what you are going to see if things deteriorate on the political front, the premium dollars 10ld five for the sm the seasonal weakness we usually have in the second quarter. Europe probably will see unchanged surprises along there are no disruptions to the flow on the energy side. Really declined quite sharply. Does that continue or will we be looking at these levels. An idea of what is going on in a base metals . You need tometal, separate. Yes, wouldve seen prices coming up sharply. We see prices stabilizing. One of the key driver is the uncertainty related to china is taking in. The market, you see inventories going off on all ends. Prices should remain depressed. Very concentrated market on the supply side. It would not be too much worry it could not the balance of that type of demand and uncertainty. On the other hand, the base metals if you look at the biggest loser, copper. It is down. Here, the situation is strong supplyside and then you have the uncertainty related to china and some of the financing deals that could be announced. It could go short on the metal. The situation is of that is unpleasant. The situation is unpleasant. If you are willing to sell the strike level at 6,000 or 60 200. Not much support for copper. Your the long bid which are the other base metals that do not look ok. It is a story to tell. You see higher Aluminum Prices and nickel. You have to have a detailed level. , you have done Precious Metals and base metals. Awant to move as far as weather related and agricultural commodities. What are you liking their there and why of so much interest to you right now . The agriculture given the fact we have extreme gerard conditions and parts of brazil. If you look in southeast asia, beyond normal situations. With that kind of situation, it might be something that is interesting to look into. Maybe 10 higher from current levels. Your and quite a decent run. You have quite a decent run. Inventory and in the u. S. Is quite a low. Well have a good harvest and down the road. We should see another high single digit pricing increase. Sugar. Ant to look into sugar is probably getting affected from the dryness and brazil. I did the valuation is cheap. What i would not change is coffee. Up 80 yeartic as a to date. I think its overdone. Sufficient supply. It is awful on the brazilian side. We missed the rally. Something else. We will look at sugar and oil, palm oil. Something decent in return. Books and dominic, have dominic, have a great week. Banking on the success. Their report. Doubleteam from hong kong. The government of ukraine will move troops closer to crimea as the region voted to join a russia. Leave voters want to ukraine and be under a moscow rule. With 20s are the worst east and russia since the cold war. Money intong more rundown urban districts to spur growth. They will invest more than 100 63 billion into shantytowns this year. 3 billion into shantytowns this year to provide basic housing needs. The rate will be reconfigured. Central bank will announce cuts on other rates later today. Thecymakers trying to boost struggling economy. The top stories we are tracking for you today. The height of finance. We have debt, too. They are spending their downtown in attendance. The davis cup. They are truly, totally focused. And finance the world over, the mantra is work hard, play hard will stop for like heart. Play hard. Bankers, they played hard. For their country. They spend their week in trading. At the end of the day, they go their separate ways. It is forehand and backhand volley and again and again and again. The aim is davis cup glory for hong kong. Most of them sees 34 year old and at the 32yearold facing little more than half their age and all the time in the world to practice. We are at a little bit of a disadvantage. That is life. We tried to the best we can. We are the bed and hong kong and wouldve to take it for what it is. We have less hours to dedicate. We have to do it after work. We still do it. It is no different than anybody else. You have to deal with it. Last year, their hard work paid off. Promotion to Davis Cup Group 2. He works for himself. He opted for a career in finance. He is equity researcher. I am extremely luckily to do what i do. I would not trade for anything. He is a twotime junior champion and a fourtime allamerican. In his youth, he faced a man who would become a tennis legend. Pete. Pete sampras. This year is tough. They lost the first round. Now it is indonesia. The Opening Weekend of april. For both teams, a must win. Quick for a doubles team, the best. We know our strength. We know our weaknesses. Try to put our strength and minimize. We have done a good job of that. As the next time you are winding down after a cold one after bankersink of two sweating it out. They are out to do all over again. John, bloomberg. As asia edge, comes up. John woods. It is on next. It is the middle of the trading day and this is asia edge. A look at our top stories. The search goes on. Are helping to find the missing jet mh370. Crimea of voting to rejoin russia. And why china is willing to live within a more flexible yuan. The bulls bet on to kelly. Jakarta is inf the race for the presidency. Nasas take a look at they catch prize for anyone spotting a planetthreatening asteroid. On hongecial report kongs drive for davis cup. Our top story today, way more than a week now and no closer to finding Malaysian Airlines flight mh370. 25 countries are involved on it. One thing we can is we can exactly sure with you is nothing. There is no news. Whole host of speculation, but we have heard some things. What did we learn this weekend . Here is what we know