Asian shares off highs, Fed's stance underpins markets

TOKYO (Reuters) - Asian shares took a breather from recent rallies on Thursday though sentiment was underpinned by the U.S. Federal Reserve's pledge to retain its stimulus policy and on signs of stabilization in the euro zone.


Positive economic reports from Asia failed to lift markets as investors continued to assess regional earnings results and ahead of key data such as China's official manufacturing PMI and U.S. monthly nonfarm payrolls on Friday.


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> fell 0.4 percent after rising 1.3 percent over the past two sessions to nearly an 18-month high. The index was set for a monthly gain of about 2.4 percent.


Australian shares <.axjo> eased 0.4 percent, taking a breather from their 10-day winning streak, the longest in more than nine years, which hoisted local shares to 21-month highs.


"Certainly 2013 has started with an air of optimism. U.S. politicians show some willingness to deal with problems, no fresh issues have emerged in Europe and the Chinese economy is exhibiting firmer growth. Volatility has receded with investors keen to put cash to work in other asset classes," said Craig James, a strategist at CommSec in Sydney.


Southeast Asian stock markets were generally softer but remained near their highs. The Philippines <.psi> hit a record high for the third day running on Wednesday and Thailand's <.seti> market surged to a more than 18-year high on Wednesday.


The Federal Reserve on Wednesday kept in place its monthly $85 billion bond-buying stimulus plan, arguing the support was needed to lower unemployment.


Underscoring the Fed's cautious view, data on Wednesday showed the U.S. economy unexpectedly contracted in the fourth quarter. Still, a lot of that weakness came from a plunge in defense spending, suggesting the underlying fundamentals were not as bad as the headline figures indicated.


In Asia, the data on Thursday provided cause for optimism. Taiwan raised its economic growth forecast for 2013, after the fourth quarter expanded faster than expected and posted its best growth in five quarters on improved demand for the island's electronics exports and stronger consumption.


"Taiwan's economic growth will be better this year as Europe's outlook is becoming positive, it will have a bigger rebound as an export-oriented economy," said Scott Chen, economist at Sinopac Commercial Bank in Taipei.


The Philippines said on Thursday its economy grew 1.5 percent in the December quarter from the previous three months, better than market forecasts.


YEN OFF LOWS


Japan's benchmark Nikkei stock average <.n225> shed 0.6 percent after soaring 2.3 percent to a 33-month high the day before, taking its cue from the yen firming from fresh lows hit on Wednesday. <.t/>


"It's too early to take profit," a trader at a foreign bank said. "People should look for names which are still undervalued, still haven't moved (in line with the rally in the Nikkei) and could outperform."


Prime Minister Shinzo Abe's approach of revitalizing Japan's economy through an aggressive mix of fiscal steps and monetary easing is expected to keep the yen on a weakening path.


The dollar eased 0.3 percent to 90.81 yen after reaching 91.41 yen on Wednesday, its highest since June 2010. The euro also fell 0.3 percent to 123.24 yen, after hitting 123.87 on Wednesday, its peak since May 2010.


Japan's December factory output rose at the fastest pace in a year and a half and firms expect further gains, raising hopes that stabilizing global demand and exports will help pull the economy from its slump.


EUROPE IMPROVING


The euro held near a 14-month high of $1.3588 scaled on Wednesday.


Reports from the euro zone on Wednesday underscored views that the debt crisis-hit region may be overcoming the worst, with economic sentiment improving more than expected across all sectors in January and a gauge for the phase of the business cycle also rising this month.


"The rise in the EUR is a sign of the success of the European Central Bank on the credit front, which matters far more than a short term rise in EUR/USD. Money is flowing into Europe and from North back to the South or from ECB funding to money market funding," Sebastien Galy, strategist at Societe Generale, said in a note to clients.


Spot gold hovered near its one-week high of $1,683.39 an ounce reached on Wednesday.


U.S. crude futures steadied around $97.93 a barrel and Brent crude was up 0.2 percent to $115.09.


(Additional reporting by Dominic Lau in Tokyo and Miranda Maxwell in Melbourne; Editing by Jacqueline Wong and Shri Navaratnam)



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Brees wants to bury bounty probe, help New Orleans


NEW ORLEANS (AP) — Drew Brees wore gray sneakers to his first full day of Super Bowl-related appearances — a wise move for an ambassador of a city who had to walk briskly from end to end of a sprawling convention center to make all of his scheduled stops.


Not only was the Saints' star quarterback a man on the move, but also ready to move on from the bitterness of the bounty scandal, which may have undermined his team's chances of playing for a title on its home field.


"We're professionals and we've moved past that in the sense that there's nothing that can be done other than, 'Let's move on and let's find a way to be better next year inspite of it,'" Brees said. "It would be easy to sit here and be angry, but it is what it is."


Coming off a 13-3 campaign in 2011 and a narrow loss to San Francisco in that season's playoffs, the Saints went into the offseason figuring they would be contenders again this season.


Then came the NFL's probe of the Saints' cash-for-hits program and numerous sanctions, the most severe of which was the full-season suspension of coach Sean Payton. New Orleans went 7-9 and missed the playoffs for the first time since 2008, and now the team practicing at the Saints' suburban training center is the NFC champion 49ers.


Throughout the community, displeasure with NFL commissioner Roger Goodell's handling of the matter has been on display for months, from T-shirts reading "Free Payton" (he is now reinstated) to signs in bars and eateries showing Goodell's photo and reading: "Do not serve this man."


During the season, Brees offered his own criticism of what he thought was a faulty investigation and overly heavy-handed disciplinary process. But when the topic came up Wednesday, Brees said it was time to "put this thing to bed."


"We've said what needed to be said," Brees said. "Sean's back, all the pieces are in place, and now it's time for us to put ourselves in a position to make a run."


Brees has been one of New Orleans' most prominent public faces and leading promoters since he arrived in the Big Easy in 2006, when much of the area was still in a state of devastation from Hurricane Katrina's August 2005 landfall. Now his team is the official host of the Super Bowl, and Brees is once again stepping up to highlight his adopted hometown's resurgence as it hosts the Super Bowl for the first time since 2002 — also the first time since Katrina.


He also sought to stamp out the notion that there is some kind of undercurrent of tension between his club, its fans and all of the high-ranking NFL executives in town for the league's biggest single event.


"I know the city is going to be a great host regardless," Brees said. "The city wants to put their best foot forward, they want everybody to have a great experience. I don't like the fact that we've got the NFC team practicing in our facility, but we're going to be gracious hosts and hope that it pays us back in the future."


Brees' stops Wednesday included a talk with area high school kids about the importance of managing one's money. He even revealed that he graduated Purdue with an unpaid $2,000 mobile phone bill, and later regretted it when it damaged his credit score and pushed up the interest rate he had to pay on the first house he bought in San Diego, shortly after being drafted by the Chargers in 2001.


Later, he hosted a news conference in which his foundation donated $1 million to businesses teaming up with charities in the metro area. He also made several radio appearances and lent his support to an event hosted by former Saints special teams standout Steve Gleason, who has the debilitating and incurable neuro-muscular disease ALS.


As an organization, the Saints' approach has mirrored that of their quarterback. Owner Tom Benson spoke at an NFL event promoting the importance of children doing more physical activity on Wednesday. He has invited Goodell to the team party in New Orleans' City Park on Thursday night, and he will attend Goodell's main media event Friday and has even invited the commissioner to watch the game from his suite in the Superdome.


"We're making this the best Super Bowl ever and what that means is we're going to get another Super Bowl to come back in a few years," said Benson with a nod to the city's intent to bid on the 2018 Super Bowl. "We've rolled out the red carpet for everybody."


Frank Supovitz, the NFL's vice president for events, called the Saints "outstanding hosts."


"We've been working on the Super Bowl together with the Saints the last three years. ... The level of partnership has never wavered for a moment," he said. "The NFL and Super Bowl have had a long and deep relationship with the city and with the team and one of the pleasures of my career has been working with the team on the reopening of the dome (after Katrina). We've been very, very close partners with the city and the team and I don't expect that to change."


Dennis Lauscha, who serves as the president of both the Saints and NBA's Hornets — which Benson bought last spring — scoffed at the idea that any animosity lingered between the Saints and the league.


"What we're absolutely concerned about is making sure we put on the best possible show and make a great bid on the next one. We want to put our best foot forward," Lauscha said. "No question we wanted to be the first team to host and play on our own field in the same year. We had an unbelievable experience down in Miami when we won the Super Bowl and we kept on saying how great it would be if we could do that back in New Orleans for our fans, so there is a bit of disappointment in that, but look, we're looking forward to next year and winning the Super Bowl in New York."


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NASA launches communication satellite






CAPE CANAVERAL, Fla. (AP) — NASA launched a new communication satellite Wednesday to stay in touch with its space station astronauts and relay more Hubble telescope images.


An unmanned Atlas V rocket blasted into the starry night sky carrying the Tracking and Data Relay Satellite.






This is the 11th TDRS satellite to be launched by NASA. The space agency uses the orbiting network to communicate with astronauts living on the International Space Station.


The first TDRS spacecraft flew in 1983; it recently was retired along with No. 4. The second was lost aboard space shuttle Challenger in 1986; Monday marked the 27th anniversary of the launch disaster.


This newest third-generation TDRS carries the letter K designation. Once it begins working, it will become TDRS-11. It will take two weeks for the satellite to reach its intended 22,300-mile-high orbit. Testing will last a few months.


NASA estimates the satellite costs between $ 350 million and $ 400 million.


Another TDRS spacecraft, L in the series, will be launched next year.


NASA wants at least seven TDRS satellites working in orbit at any one time. The one launched Wednesday will make eight.


___


Online:


NASA: http://www.nasa.gov/mission_pages/tdrs/index.html


Space and Astronomy News Headlines – Yahoo! News





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BlackBerry must remember strengths






STORY HIGHLIGHTS


  • BlackBerry sales have slumped in the U.S. but is still strong in emerging markets

  • New models launched should remember why they are popular in developing world

  • In places like Brazil and South Africa, the 10 is the update to their current phone

  • in Sub-Saharan Africa there is expected to be 175 million new customers in the next 3 years




Watch Jim Clancy on CNN International's "The Brief" at 4p.m. ET GMT Friday.


(CNN) -- BlackBerry's loss of market share in the U.S. is the stuff of legends. Last fall, it was estimated only about 2% of American phone users were still carrying their BlackBerry mobile with its iconic keypad.


But consider this: sub-Saharan Africa is expected to add 175 million new mobile users in just the coming 3 years. That's according to the GSMA, which represents the world's mobile operators.


"Mobile has already revolutionized African society and yet demand still continues to grow by almost 50 percent a year," said Tom Phillips, Chief Government and Regulatory Affairs Officer, GSMA.


That could be good news indeed for BlackBerry. Research in Motion, the maker of BlackBerry, estimates it holds a 70% market share in countries like South Africa.


The company's new phones, announced this week, are not the ones some of its best customers in emerging markets would like to buy. They're too expensive. But Research in Motion -- which also this week changed its company name to BlackBerry -- is pledging some of its six new models will address that.


While millions in China, Europe and the U.S. have adopted Android or iOS smartphones with a vengeance, millions more users in emerging markets are enthused about what's in store for the new BlackBerry 10. It's the update for what many of them are already using.






They live in countries like Brazil, Malaysia, Nigeria, Kenya and South Africa. They have embraced the BlackBerry for a combination of factors that all point to the different way mobile devices are used.


Unlike their counterparts in Europe and America, the mobile in their pocket is more likely to be their primary link to the internet.


BlackBerry Messenger is the connection that allows these users unlimited conversations without paying charges for SMS data. While young, brand-conscious Chinese may be willing to part with several months' salary to buy the latest iPhone, African users are looking for more practical (and cheaper) connections.


What separates developed countries from their developing counterparts at street level can be summed up in a single word: infrastructure.


Isobel Coleman, senior fellow and Director of the Civil Society, Markets and Democracy Initiative at the Council on Foreign Relations, says mobile technology has proved it can bridge the gap where infrastructure is lacking.


"It's a culture, it's an economy, it's innovation, education, healthcare, it's all of these things," says Coleman.


You can take that to the bank. For many Africans, their cell phone account is the first bank account they've ever owned.


In emerging markets, mobile phone banking is growing because of the lack of infrastructure. Fewer bank branches often mean long distances to travel and long lines once you've arrived.


Africans are expected to transfer more than $200 billion per year or 18% of the continent's GDP by 2015.


Oh, and that keyboard. No matter where you are in the world, there will always be a demand for a keyboard that clicks. The company appears to understand that as BlackBerry 10 models come with both soft keypads and the traditional BlackBerry buttons.


I asked some of my Twitter followers to weigh in on the BlackBerry 10 roll out. While some said Android or Apple's iOS were in their future plans, many others expressed continued enthusiasm for the BlackBerry.


Soji, a pianist and teacher in Nigeria tweeted back "I'm falling in love with this BB. Cheaper to own."


From Kuala Lumpur, Amir wrote "I need a physical keyboard to type while also having a touch-screen for photos etc. Security factor also important."


Hans-Eric from South Africa reinforced the sentiments of many mobile users in emerging markets: "The cost of data is simply too high without it (BlackBerry.)"


The voices from emerging markets couldn't have been clearer. What they expect from BlackBerry 10 is a stronger, longer lasting battery, durability and continued low cost connectivity.


CFR's Coleman agrees that BlackBerry (and anyone else) trying to win and hold this mobile device sector has to understand how these devices are being used and give the customers what they want.


"Cheap. Rugged. Not too many bells and whistles. Practical."


There is little doubt smartphones are changing the way people use the internet, how they bank, shop and interact socially.


But it's worth keeping in perspective that in a world where there are now an estimated 1 billion smartphones, there are 5 billion feature phone users. That's a lot of upside growth potential for BlackBerry and all the other players out there.







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Hawks' streak ends in 3-2 shootout loss

Blackhawks suffered first loss of the season.









ST. PAUL, Minn. — For the first time this season, the only sounds in the Blackhawks' postgame dressing room were pieces of tape being ripped from pads and hushed tones.


Gone was the celebrating as the Hawks had their six-game winning streak to start 2013 snapped as the Wild edged them 3-2 in a shootout Wednesday night at Xcel Energy Center.


Matt Cullen scored the winner in the shootout for the Wild as the Hawks suffered their first loss on the road in five outings. Cullen and Cal Clutterbuck scored in regulation and Niklas Backstrom earned the victory in goal in relief of Josh Harding for the Wild, playing the second of back-to-back games.








"Those are the tight games in the last three or four games that we found a way to win," said Hawks captain Jonathan Toews, who scored in regulation and in the shootout. "We were this close again and we had a great chance to win in overtime and in the shootout but we just came up a bit short.


"We just wanted to play a patient game and keep wearing them down as much as we could (but) we didn't get on them as much as we wanted to."


Andrew Shaw also had a goal in regulation for the Hawks but it wasn't enough as Corey Crawford suffered the defeat in the first of the six-game trip. The Hawks managed a point and lead the NHL with 13, but fell to 4-0-1 on the road.


"We played a lot better the second half of the game," defenseman Duncan Keith said. "If we had won we probably would be saying we played a great game and we're happy, but we lost in a shootout so we're not going to get down and get negative."


After the Wild struck early in the opening period on Cullen's goal, the Hawks answered when Shaw and Toews scored 1 minute, 31 seconds apart a few minutes later. First, Shaw rushed the net and took a pass from Bryan Bickell and stuffed it past Harding.


Toews put the Hawks ahead when he snapped a quick shot from the left dot that eluded Harding. Wild coach Mike Yeo had seen enough and yanked Harding, who proceeded to take out his frustration on his goalie stick in the tunnel leading to the dressing room.


The Hawks rode the momentum of a strong penalty-killing effort into the intermission but it was short-lived as Clutterbuck redirected a long Tom Gilbert shot in the opening minute of the second.


With Crawford and Backstrom both playing well, the game eventually went to the shootout. It ended when Patrick Sharp rifled a shot off the crossbar and the Wild had the extra point.


"Going to a shootout, anything can happen," Hawks coach Joel Quenneville said. "We had the play in the last part of the game. It's disappointing, obviously, when you don't win but at least let's get excited about getting back in the 'W' column."


ckuc@tribune.com


Twitter @ChrisKuc





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French troops deployed in last Mali rebel strongholds


DOUENTZA, Mali/PARIS (Reuters) - French troops seized the airport in Mali's northern town of Kidal, the last urban stronghold held by Islamist insurgents, as they moved to wrap up the first phase of a military operation to wrest northern Mali from rebel hands.


France has deployed some 4,500 troops in a three-week ground and air offensive to break the Islamist rebels' 10-month grip on major northern towns. The mission is aimed at heading off the risk of Mali being used as a springboard for jihadist attacks in the wider region or Europe.


The French military plans to gradually hand over to a larger African force, tasked with rooting out insurgents in their mountain redoubts near Algeria's border.


Defense Minister Jean-Yves Le Drian said French forces using planes and helicopters defied a sandstorm late on Tuesday to capture the airport but had been prevented by the bad weather from entering the town itself.


"The terrorist forces are pulling back to the Adrar des Ifoghas mountains which are difficult to access," Le Drian told a news conference. "There is support from Chadian and Nigerian troops coming from the south."


The deployment of French troops to remote Kidal puts them in direct contact with pro-autonomy Tuareg MNLA rebels, whose rebellion last year was hijacked by the Islamist radicals. Le Drian said France had established good relations with local Tuareg chieftains before sending in troops.


MNLA leaders say they are ready to fight al Qaeda but many Malians, including the powerful military top brass in the capital Bamako, blame them for the division of the country. They view Paris' liaisons with the Tuaregs with suspicion.


French and Malian troops retook the major Saharan trading towns of Gao and Timbuktu at the weekend.


There were fears that many thousands of priceless ancient manuscripts held in Timbuktu, a UNESCO World Heritage site, might have been lost during the rebel occupation, but experts said the bulk of the texts were safe.


The United States and European governments strongly support the Mali intervention and are providing logistical and surveillance backing but do not intend to send combat troops.


The MNLA rebels, who want greater autonomy for the desert north, said they had moved fighters into Kidal after Islamists left the town earlier this week.


"For the moment, there is a coordination with the French troops," said Moussa Ag Assarid, the MNLA spokesman in Paris.


A spokesman for the Malian army said its soldiers were securing Gao and Timbuktu and were not heading to Kidal.


The MNLA took up arms against the Bamako government a year ago, seeking to carve out a new independent desert state.


After initially fighting alongside the Islamists, by June they had been forced out by their better armed and financed former allies, who include al Qaeda North Africa's wing, AQIM, a splinter wing called MUJWA and Ansar Dine, a Malian group.


RISK OF ATTACKS, KIDNAPPINGS


As the French wind up the first phase of their offensive, doubts remain about just how quickly the U.N.-backed African intervention force can be fully deployed in Mali to hunt down the retreating al Qaeda-allied insurgents. Known as AFISMA, the force is now expected to exceed 8,000 troops.


Foreign Minister Laurent Fabius said France's military operation, codenamed Serval (Wildcat), was planned as a lightning mission lasting a few weeks.


"Liberating Gao and Timbuktu very quickly was part of the plan. Now it's up to the African countries to take over," he told the Le Parisien daily. "We decided to put in the means and the necessary number of soldiers to strike hard. But the French contingent will not stay like this. We will leave very quickly."


One French soldier has been killed in the mission, and Fabius warned that things could now get more difficult, as the offensive seeks to flush out insurgents with experience of fighting in the desert from their wilderness hideouts.


"We have to be careful. We are entering a complicated phase where the risks of attacks or kidnappings are extremely high. French interests are threatened throughout the entire Sahel."


An attack on the In Amenas gas plant in Algeria earlier this month by Islamist fighters opposing the French intervention in Mali led to the deaths of dozens of foreign hostages and raised fears of similar reprisal strikes across North and West Africa.


NEED FOR RECONCILIATION


The French operation has destroyed the Islamists' training camps and logistics bases but analysts say a long term solution for Mali hinges on finding a political settlement between the northern communities and the southern capital Bamako.


Interim President Dioncounda Traore said on Tuesday his government would aim to hold national elections on July 31. Paris is pushing strongly for Traore's government to hold talks with the MNLA, which has dropped its claims for independence.


"The Malian authorities must begin without delay talks with the legitimate representatives of the northern population and non-terrorist armed groups that recognize Mali's integrity," French Foreign ministry spokesman Philippe Lalliot said.


After months of being kept on the political sidelines, the MNLA said they were in contact with West African mediators who are trying to forge a national settlement to reunite Mali.


"We reiterate that we are ready to talk with Bamako and to find a political solution. We want self-determination, but all that will be up to negotiations which will determine at what level both parties can go," Ag Assarid said.


There have been cases in Gao and Timbuktu and other recaptured towns of reprisal attacks and looting of shops and residences belonging to Malian Tuaregs and Arabs suspected of sympathizing with the MNLA and the Islamist rebels.


(Additional reporting John Irish and Emmanuel Jarry in Paris, David Lewis and Pascal Fletcher in Dakar; Writing by David Lewis and Daniel Flynn; Editing by Pascal Fletcher and Rosalind Russell)



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Asian shares gain on global recovery outlook

TOKYO (Reuters) - Asian shares advanced on Wednesday as investor confidence in the global economic outlook strengthened on solid U.S. data, giving comfort to investors ahead of the U.S. Federal Reserve's monetary policy decision due later in the session.


Optimism over economic recovery from strong U.S. housing data and China's promising economic growth forecast for 2013 raised expectations for robust demand for fuel and industrial commodities, underpinning oil prices and lifting copper.


European markets are seen pausing after hitting two-year highs, with financial spreadbetters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open nearly flat. A 0.1 percent drop in U.S. stock futures suggested a cautious start on Wall Street. <.l><.eu><.n/>


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> rose 0.4 percent, after rising to near a 18-month high, building on the previous day's 1 percent rally. Gains were led by a 1 percent rise in the energy sector <.miapjen00pus>.


London copper added 0.5 percent to $8,146.50 a tonne after hitting $8,159, its highest since January 11, while U.S. crude oil held steady around $97.56 a barrel after rising over 1 percent on Tuesday on expectations of higher demand. Brent inched up 0.1 percent to $114.45.


Shanghai rebar steel futures climbed more than 1 percent to their highest since May on views demand from top steel consumer China will pick up after a week-long holiday in February.


"Sentiment has changed this year, with signs of stabilization in the euro zone, a U.S. economic recovery and a shift to a new Chinese political regime removing obstacles which had stood in the way of investors taking risks last year," said Xiao Minjie, an independent economist based in Tokyo.


"Domestic demand holds the key this year. Beijing's drive to urbanize inner China will boost infrastructure spending while Southeast Asia will also likely see expansion in domestic demand accelerating," he said.


Commodity-reliant Australian shares <.axjo> inched up 0.2 percent to a fresh 21-month high, with rising copper prices bolstering top miners. It was the 10th straight day of gains, the longest winning run since October 2003.


"The bar is set almost embarrassingly low for the vast majority of key macro indicators for the U.S., and anything mildly positive is serving to feed more buying enthusiasm. The prevailing market psyche is easily pleased," said Tim Waterer, senior trader at CMC Markets.


Hong Kong shares <.hsi> jumped 0.8 percent and Shanghai shares <.ssec> rose 0.3 percent.


Japan's Nikkei stock average <.n225> soared 2.3 percent to a fresh 33-month high, partly due to a weaker yen. <.t/>


FED STATEMENT EYED


The 10-year U.S. Treasury yield rose to as high as a nine-month high of 2.021 percent in Asia on Wednesday.


"A big question is whether the Fed is still cautious on the economy following recent improvements in Europe and U.S. fiscal cliff talks," said Hiroki Shimazu, fixed income analyst at SMBC Nikko Securities, adding that a more optimistic Fed economic assessment could pressure Treasuries.


The Fed ends a two-day policy meeting on Wednesday, and few market watchers expect any near-term shift in its current, very accommodative stance.


But investors will focus on the statement for any clues to the Fed's thinking on if and when it might pull back from its aggressive easing stimulus. The minutes from the December meeting, released earlier this month, hinted at uneasiness within the Fed around its asset-buying program and sparked a sell-off in Treasuries and lifted yields up out of ranges.


Morgan Stanley said in a research note that global stimulus efforts and structural reallocation paved the way for a sustained period of asset-price reflation.


"This has three implications: Reflation would lend support to higher-yielding emerging markets assets, safe-haven assets would continue to weaken, and expectations about emerging markets policy would likely shift," it said.


The yen stayed pressured, with the Bank of Japan set to pursue strong monetary easing as Prime Minister Shinzo Abe's administration pushes for radical reflationary policies to end stubborn deflation.


The dollar rose 0.2 percent to 90.93 yen, near its highest level since June 2010 of 91.32 reached on Monday. The euro gained 0.2 percent to 122.66 yen, not far from 122.91 also touched on Monday, its highest point since April.


The prospect of continued weakness in the yen and rising risk appetite lifted the Australian dollar to four-year highs on the yen and New Zealand dollars hovered near a four-year high against the yen.


Aussie rose as high as 95.34 yen while Kiwi rose as high 76.27 yen, close to 76.37 set Friday, its strongest since 2008.


The euro traded at $1.3496, a tad below Tuesday's 14-month high of $1.3498.


Asian credit markets underperformed the region's equities as the spread on the iTraxx Asia ex-Japan investment-grade index widened by 2 basis points on an increase in new issues and some caution before the Fed's statement.


(Additional reporting by Miranda Maxwell in Melbourne, Gyles Beckford in Wellington and Hideyuki Sano in Tokyo; Editing by Eric Meijer & Kim Coghill)



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A-Rod implicated in PED use again as MLB probes


NEW YORK (AP) — Alex Rodriguez was ensnared in a doping investigation once again Tuesday when an alternative weekly newspaper reported baseball's highest-paid star was among a half-dozen players listed in records of a Florida clinic the paper said sold performance-enhancing drugs.


The Miami New Times said the three-time AL MVP bought human growth hormone and other performance-enhancing substances during 2009-12 from Biogenesis of America LLC, a now-closed anti-aging clinic in Coral Cables, Fla., near Rodriguez's offseason home.


The new public relations firm for the New York Yankees third baseman issued a statement denying the allegations.


The newspaper said it obtained records detailing purchases by Rodriguez, 2012 All-Star game MVP Melky Cabrera, 2005 AL Cy Young Award winner Bartolo Colon and 2011 AL championship series MVP Nelson Cruz of Texas.


Cabrera left San Francisco after the season to sign with Toronto, while Oakland re-signed Colon.


Other baseball players the newspaper said appeared in the records include Washington pitcher Gio Gonzalez, who finished third in last year's NL Cy Young Award voting, and San Diego catcher Yasmani Grandal.


Biogenesis, which the New Times said was run by Anthony Bosch, was located in a beige, nondescript office park. The former clinic is no longer listed as a business in its directory,


"There was a flier put out by the building management a couple weeks ago. It was put on all the doors and windows of all the offices," said Brad Nickel, who works in a group cruise planning company on the floor above where the clinic was located. "It just said this guy's not really a doctor, he doesn't belong here, he's no longer allowed here, call the police or the building management if you see him."


David Sierra, who works in his aunt's real estate office in the same building, kept a picture of the flier on his iPhone. He recognized the doctor in the picture from passing him in the hallway.


Sierra said while he never recognized any of the clients at the clinic, "there were always really nice cars in front — I'm not talking just Mercedes. Range Rovers, Bentleys."


The New Times posted copies of what it said were Bosch's handwritten records, obtained through a former Biogenesis employee it did not identify.


Bosch's lawyer, Susy Ribero-Ayala, said in a statement the New Times report "is filled with inaccuracies, innuendo and misstatements of fact."


"Mr. Bosch vehemently denies the assertions that MLB players such as Alex Rodriguez and Gio Gonzalez were treated by or associated with him," she said.


Rodriguez appears 16 times in the documents New Times received, the paper said, either as "Alex Rodriguez," ''Alex Rod" or the nickname "Cacique," a pre-Columbian Caribbean chief.


Rodriguez admitted four years ago that he used PEDs from 2001-03. Cabrera, Colon and Grandal were suspended for 50 games each last year by MLB following tests for elevated testosterone. Responding to the testosterone use, MLB and the players' union said Jan. 10 they were authorizing the World Anti-Doping Agency laboratory outside Montreal to store each major leaguer's baseline testosterone/epitestosterone (T/E) ratio in order to detect abnormalities.


"We are always extremely disappointed to learn of potential links between players and the use of performance-enhancing substances," MLB said in a statement. "Only law enforcement officials have the capacity to reach those outside the game who are involved in the distribution of illegal performance-enhancing drugs. ... We are in the midst of an active investigation and are gathering and reviewing information."


A baseball official, speaking on condition of anonymity because he was not authorized to make public statements, said Monday that MLB did not have any documentation regarding the allegations. If MLB does obtain evidence, the players could be subject to discipline. First offenses result in a 50-game suspension and second infractions in 100-game penalties. A third violation results in a lifetime ban.


Rodriguez is sidelined for at least the first half of the season after hip surgery Jan. 16. A 50-game suspension would cost him $7.65 million of his $28 million salary.


"The news report about a purported relationship between Alex Rodriguez and Anthony Bosch are not true," Rodriguez said in a statement issued by a publicist. "He was not Mr. Bosch's patient, he was never treated by him and he was never advised by him. The purported documents referenced in the story — at least as they relate to Alex Rodriguez — are not legitimate."


Jay Reisinger, a lawyer who has represented Rodriguez in recent years, said the three-time AL MVP had retained Roy Black, an attorney from Rodriguez's hometown of Miami. Black's clients have included Rush Limbaugh and William Kennedy Smith.


Bosch did not return a phone message seeking comment.


MLB hopes to gain the cooperation of Bosch and others connected with the clinic, another baseball official said, also on condition of anonymity because no public statements on the matter were authorized. In order to successfully discipline players based on the records, witnesses would be needed to authenticate them, the official said.


Players could be asked to appear before MLB for interviews, but the official said MLB would be reluctant to request interviews before it has more evidence.


Rodriguez spent years denying he used PEDs before Sports Illustrated reported in February 2009 that he tested positive for two steroids in MLB's anonymous survey while with the Texas Rangers in 2003. Two days later, he admitted in an ESPN interview that he used PEDs over a three-year period. He has denied using PEDs after 2003.


If the new allegations were true, the Yankees would face high hurdles to get out of the final five years and $114 million of Rodriguez's record $275 million, 10-year contract. Because management and the players' union have a joint drug agreement, an arbitrator could determine that any action taken by the team amounted to multiple punishments for the same offense.


But if Rodriguez were to end his career because of the injury, about 85 percent of the money owed by the Yankees would be covered by insurance, one of the baseball officials said.


The Yankees said "this matter is now in the hands of the commissioner's office" and said they will not comment further until MLB's investigation ends.


Gonzalez, 21-8 for the Washington Nationals last season, posted on his Twitter feed: "I've never used performance enhancing drugs of any kind and I never will, I've never met or spoken with tony Bosch or used any substance provided by him. anything said to the contrary is a lie."


Colon was not issuing a statement, agent Adam Katz said through spokeswoman Lisa Cohen.


"We are aware of certain allegations and inferences," Cruz's law firm, Farrell & Reisinger, said in a statement. "To the extent these allegations and inferences refer to Nelson, they are denied."


Sam and Seth Levinson, the agents for Cabrera, Cruz and Gonzalez, did not respond to emails seeking comment. Greg Genske, Grandal's agent, also did not reply to an email.


Cruz and Gonzalez had not previously been linked to performance-enhancing drugs. Cruz hit 24 home runs last year for the Texas Rangers, who says they notified MLB last week after being contacted by the New Times.


The New Times report said it obtained notes by Bosch listing the players' names and the substances they received. Several unidentified employees and clients confirmed to the publication that the clinic distributed the substances, the paper said. The employees said that Bosch bragged of supplying drugs to professional athletes but that they never saw the sports stars in the office.


The paper said the records list that Rodriguez paid for HGH; testosterone cream; IGF-1, a substance banned by baseball that stimulates insulin production; and GHRP, which releases growth hormones.


Rodriguez's cousin, Yuri Sucart, also is listed as having purchased HGH. Sucart was banned from the Yankees clubhouse, charter flights, bus and other team-related activities by MLB in 2009 after Rodriguez said Sucart obtained and injected PEDs for him.


Also listed among the records, according to the New Times, are tennis player Wayne Odesnik, Cuban boxer Yuriorkis Gamboa and Jimmy Goins, the strength and conditioning coach of the University of Miami baseball team.


Odesnik, who lost in the first round of qualifying for this year's Australian Open, is a former top-100 player who was suspended by the International Tennis Federation after Australian customs officers found eight vials containing HGH in his luggage when he arrived in that country ahead of a January 2010 tournament. He denied using HGH and never tested positive for it. What originally was a two-year ban was cut in half because the ITF said Odesnik cooperated with its anti-doping program.


"The statement about Wayne's relationship with Mr. Bosch is completely false, and Wayne has contacted the reporter and newspaper for a retraction," the tennis player's mother, Janice Odesnik, wrote in an email to The Associated Press.


Mia Ro, a spokeswoman for the federal Drug Enforcement Administration in Miami, said she could not confirm or deny the existence of an investigation into Bosch or the clinic.


The University of Miami said it was conducting "an intensive review" of the matter but did not identify Goins by name.


Goins was "very surprised" to learn of the allegations raised by the New Times, according to a statement from Michelle A. White, of the Coral Gables law firm of Fenderson & Hampton, which said it was representing him.


White would not comment on whether Goins was a patient of Bosch but added that Goins "has done nothing improper either personally or as a representative of the University of Miami," and denies any allegation or inference of wrongdoing.


___


Associated Press writers Jennifer Kay in Coral Cables, Fla., and Curt Anderson in Miami, and AP Sports Writers Howard Fendrich and Tim Reynolds contributed to this report.


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Morning Sickness in 2nd Trimester Ups Pregnancy Risks






Women with severe morning sickness are at an increased risk for pregnancy complications, especially if the problem occurs during the second trimester, a new study from Sweden suggests.


In the study, mothers-to-be who were hospitalized for severe morning sickness, called hyperemesis gravidarum, during their second trimester were twice as likely to developpreeclampsia, and 1.4 times more likely to give birth to a  baby that was small for his or her gestational age, compared with women who didn’t suffer from severe morning sickness. The second trimester was defined as being between weeks 12 and 21 of pregnancy.






Women hospitalized for hyperemesis gravidarum during the second trimester were also about three times more likely to experience placental abruption, which occurs when the placenta separates from the wall of the uterus, compared with women without hyperemesis gravidarum.


Morning sickness severe enough to require hospitalization is very rare. During the study, which included more than 1 million women, just 1.1 percent of women were hospitalized because of the condition.


Hyperemesis gravidarum made international headlines last month when Kate Middleton, the duchess of Cambridge, spent four days in the hospital as a result of the condition. Last week, it was reported that Middleton is receiving hypnotherapy to treat the condition.


Severe morning sickness can cause malnutrition and dehydration in the woman, and has previously been linked to preterm birth. [See 3 Health Risks Linked to Severe Morning Sickness.]


The study findings suggest that hyperemesis gravidarum during the second trimester demands “an increased alertness and supervision during the pregnancy for development of any adverse outcomes,” said study researcher Marie Bolin, of Uppsala University’s Department of Women’s and Children’s Health.


While most women experience some nausea and vomiting during early pregnancy, these typically subside after 10 to 16 weeks.


Severe morning sickness is thought to be caused by high levels of the hormone human chorionic gonadotropin (hCG), which is made by the placenta and produced mainly during the first trimester. High hCG levels during the second trimester could indicate abnormal placenta formation, the researchers said.


The study will be published in the Jan. 30 issue of the journal BJOG: An International Journal of Obstetrics and Gynaecology.


Pass it on:Morning sickness during the second trimester is linked to an increased risk of pregnancy complications.


Follow Rachael Rettner on Twitter @RachaelRettner, or MyHealthNewsDaily @MyHealth_MHND. We’re also on Facebook & Google+.


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Can India learn respect for women?




Suniti Neogy, the writer, at a community meeting in the village of Musepur in India, where she discussed the importance of men taking an active role in parenting.




STORY HIGHLIGHTS


  • Suniti Neogy: Gang-rape, murder in New Delhi has forced many Indians to confront truth

  • She says she was asked to lead workshop promoting gender sensitivity in an Indian district

  • She said adult male teachers said they had not considered helping wives around house

  • Neogy: For kids to learn respect for women, they must see it modeled by adults they respect




Editor's note: Suniti Neogy works as a maternal health program coordinator in India for the global poverty-fighting organization CARE.


(CNN) -- The December gang-rape and murder of a young woman in New Delhi has stirred consciences in India in a way I have never before experienced: It has forced Indians to confront a terrible truth that for our girls and women, violence and discrimination are facts of daily life, an epidemic that, researchers say, claims nearly 2 million lives in India each year.


But now the real work begins for each of us who took to the streets in protest. How do we channel the energy of those demonstrations into real solutions for our communities?


I got a taste of the challenge earlier this month, when officials from the Barabanki district in Uttar Pradesh, a state adjoining New Delhi, asked if I would lead a workshop promoting teen safety and gender sensitivity for the government schools.



I was disappointed to see they had invited only the heads of girls' schools. And so I accepted under one condition: that the principals of the district's boys' schools attend as well. Because if there's one thing I'm certain of it's that all the candlelight vigils, passion and protests will be in vain if we don't figure out how to make men and boys part of this growing movement to transform gender relations in my country.


For more than a decade I've worked for the poverty-fighting group CARE as a community educator on health and gender issues. I've seen how the deep inequalities between women and men trap millions of Indian families in cycle of poverty. But along the way, I've also met countless men who, given an opportunity, were willing to examine and improve their behavior towards the girls and women in their lives.


The fact is most people want what is best for their loved ones. Aggressive behavior toward women isn't innate. It's learned and can be unlearned. When prompted to reflect on their attitudes towards women's education, sharing domestic tasks, having girl children, and even violence, the boys and men I work with every day can and do change.


Opinion: Misogyny in India: We are all guilty


Often it starts with something simple, like the laundry.


I think of Ram, a man I worked with in the village of Pavaiya Viran. A husband and father with a macho job -- he drills underground pumps -- Ram attended sessions where he was given a chance to analyze gender roles in his life. He understood that men and boys are under pressure to express power and that when they feel weak or frustrated, their gut reaction is often to demonstrate power, even if that means violent or abusive behavior.


Ram eventually adopted a new outlook; that truly strong men don't show power, they show care. "Let the other men laugh at me for cooking and washing clothes," he told me. "Why should my wife alone do all things?"








Now I'm not saying men doing laundry is the solution. But each time he folds the linens, Ram shows his children he respects his wife and treats her as an equal, not someone subservient.


And so I kept thinking of Ram as I gathered with the group of 53 principals from boys and girls schools earlier this month. We addressed the importance of installing security cameras at school gates, assuring a woman driver or conductor is on every school bus, and having clean, working toilets at schools so girls and boys are not forced to go outside to relieve themselves. This was all necessary. But it felt like we were playing defense. Only when the educators were forced to hold a mirror up to their own lives did it feel like we were playing offense, too.


Opinion: End global rape culture


Many acknowledged that it's their duty as parents and community leaders to lead the next generation by example. One principal realized he'd never even considered doing household chores, not as a boy or, now, as a husband and a father. Another vowed to make gender equity a required part of parent-teacher conferences. By the end of the session, every man and woman in the room was thinking about changing not only others but also him or herself.


We have a long way to go, and not just in India. A World Health Organization global survey found that 59% of women in rural Ethiopia report being subjected to sexual violence from their intimate partner, 62% of women in Peru report physical violence at the hands of their partners and 30% of women in rural Bangladesh say their first sexual experience was forced. The problem is not confined to the developing world either. Nearly one in five women in the United States has been raped or has experienced attempted rape.


Even so, I'm confident that the Indian people can demonstrate to the world that we're not powerless in the face of some global epidemic. We can change. That starts by treating this moment not as some global airing of our dirty laundry but rather a national awakening to the reality that all of us -- girls and boys, women and men -- must do our part in cleaning it.


Follow us on Twitter @CNNOpinion.


Join us on Facebook/CNNOpinion.


The opinions expressed in this commentary are solely those of Suniti Neogy.






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