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tv   Asia Business Report  BBC News  October 6, 2017 1:30am-1:46am BST

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of a gun accessory used by las vegas gunman stephen paddock. the powerful lobbying group the national rifle association has backed calls to regulate devices that can turn guns into automatic weapons. it's four days since the shooting that left 58 people dead and nearly 500 injured. cardinal george pell has arrived in court in australia, to face charges of historic sexual abuse. the vatican treasurer has consistently denied any wrongdoing. and this video is trending on bbc.com. a church in the belgian capital brussels — that was nearly forced to close its doors for lack of parishioners — has launched a new beer. it's hoped sales of 50,000 bottles could raise vital funds to keep it going. that's all from me for now. stay with bbc news. and the top story here in the uk. wiltshire police have been
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criticised an investigation into the former prime minister, sir edward heath, who died 12 years ago. the force says if he was alive, he would have been questioned over allegations of historic sexual abuse. the us stock market bull run continues. wall street surges to another record close as investor optimism rises. it is china's golden week holiday where a tourist hotspots welcome visitors and a cash windfall. it is a friday. good morning asia, hello world, glad you could join us. i am rico hizon and we start the programme with this major rally in us stock markets dubbed the trump bumper. it looks like it will continue. the dow
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jones, the s&p 500 —— s&p 500 and the nasdaq with high closes because of investor optimism over us tax reforms and the global economy. for the s&p 500, the longest winning strea k the s&p 500, the longest winning streak since 1997. earlier, michael mccarthy told is what is behind this record one. the $4 trillion the us federal reserve has pumped into the global monetary system is supporting asset prices and at the same time, workers returning to the gains that we are seeing, the record high in the s&p 500 index, arejustified in the s&p 500 index, arejustified in the current environment but it can't last forever. accompanying all of these rises is record low levels of volatility and as the us federal reserve and other central banks start to pull back on a blanket of
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money they have flown —— thrown over global markets, volatility could return and we could see significant corrections in us share prices. but in the near term these high as in the us are rubbing off on some of the us are rubbing off on some of the major asian markets. absolutely. these conditions are a benefit to shares around the globe as well is in the us. japan, multi—year highs. the new zealand market has taken off recently and is at an all—time high and this is echoing around the globe like the german and canadian markets also at multi—year or record highs so also at multi—year or record highs so it's a global phenomenon largely driven by those central banks and the growth we are seeing in us. michael mccarthy there are in sydney. we are nearing the end of the golden week, the biggest holiday period in china which means one thing, seeing more tourists from the
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world's most populous country in your city but it looks like south korea is not on the list after the us missile defence system led beijing to ban chinese package tours to south korea. the largest chinese travel website says the number of chinese going to seoul has plunged by 70%. where are they going instead 7 a mythical creature created in 1972 by tourism board keen to boost visitor numbers. the myrrh lion is pa rt visitor numbers. the myrrh lion is part lion, part fish and attracts many from far and wide. tourists come here for the perfect postcard worthy snap. among them, some of the 6 million chinese tourists on the move on the 8— day golden week holiday which began on october one. china tourism academy projects they
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will be spending about $90 billion this golden week alone, making them a powerful force and the top three destinations on the bucket list are thailand, japan destinations on the bucket list are thailand,japan and destinations on the bucket list are thailand, japan and right here, myrrh lion city, singapore. why do they come? we like singapore very much. very popular. and that a lot of chinese choose to come here to enjoy the holiday. keeping them happy is this man's task and that of his company. the singapore tourism board, the people who created the myrrh lion, i trying to find new ways to keep chinese tourists coming back. last year, we received millions of visitors from china and we have seen an increase. we want to work together without chinese partners to make sure that we can
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enjoy the hearts and wallets of the chinese visitors. it is those wallets which are boosting the economy here in the main shopping district. chinese spenders are of a higher quality, they spend more on watches and jewellery as well as fashions that is a big market for us. fashions that is a big market for us. keeping them smiling is a tough business. destinations fall in and out of favour on beijing's rulings. south korea, which was a top spot this —— the chinese visitors on golden week, has been knocked dramatically off after political tensions could ageing and seoul. in order to each keep chasing the chinese tourism dollar the key strategy would be to stay in china's good books. the smoked salmon that queen elisabeth keats will be more readily available on dinner plates across asia. the british luxury salmon
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producerjohn ross asia. the british luxury salmon producerjohn roser was asia. the british luxury salmon producerjohn ross jr was snapped asia. the british luxury salmon producerjohn roser was snapped up by estonia's are pr foods. the company's by estonia's are pr foods. the compa ny‘s new boss by estonia's are pr foods. the company's new boss plans to take the company's new boss plans to take the company global. asia is predicted to become their biggest market. we believe that asia will be our number one export market within the next two years. our processing facilities remain in europe because that's where the salmon comes from. we are processing facilities in estonia, in finland, sweden and in the uk as well. would you move some of that processing facility here to asia? not really, because you need to resource the raw material were it comes from. it is a little known fa ct comes from. it is a little known fact that the scottish salmon exports are the number one uk food exports, overtaking confectionery. to find the cleanest and the coldest water for the to find the cleanest and the coldest waterfor the salmon. to find the cleanest and the coldest
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water for the salmon. nature to find the cleanest and the coldest waterfor the salmon. nature is on oui’ waterfor the salmon. nature is on our side. scandinavia and scotland are the ideal places to farmed salmon. are you casting a wider net with asia being a huge market going forward ? with asia being a huge market going forward? are you looking for acquisitions in the region? we will be acquiring more farming because we see the demand for our product but there are no acquisitions in asia but we would be hoping that we can cater to as many asian customers as possible. we want to carve out a particular niche for us and the uk has recently been very good at making global artisan brands like craft beer, fever tree in tonic. we wa nt to craft beer, fever tree in tonic. we want to be the fever tree of fish. kfc in china is doing well after
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splitting up from its parent company. it said same—store sales rose 6% in three months to august, lifting profits to more than $200 million in the quarter. yum also declare the cash givers and ——a cash dividend. i's government is planning to open up its coal industry giving foreign companies a chance to both mine and sell the commodity. parliament approved the proposal four years ago but i's coal minister has told the bbc is going to make happen within the next six months. we've already come out with the guidelines, it is probably going to go to the cabinet very soon for the final framework under which the commercial mining will be auctioned and this is one government that has changed, the old, very opaque system
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of handing out coalmines and natural resources of countries, reserves of any kind, to their friends and family and relatives and political friends, i think that is history in india. we have a very robust and transparent mechanism. in commercial mining, whoever wins that mine can sell gold to whoever he wants to. certainly, we are inviting everybody in the world. we want efficient miners to coming to india to have the leases on these mining blocks and give your affordable coal. india has sufficient capacity both through thermal plants and through clea n through thermal plants and through clean energy. and we have seen in
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renewable energy, the three years we have been in government, solar power for example is now five times what it was when i became a minister. he saw that prices. it is below parity now. that is the future that we are very bullish on very confident about. the coal industry in india. thank you for investing your time with us. goodbye for now. the white house says it welcomes a conversation about the use of a gun accessory used by las vegas gunman, stephen paddock. the fbi is still trying to establish a motive for the attack. cardinal george pell has arrived in court in australia, to face charges of historic sexual abuse. the vatican treasurer has consistently denied any wrongdoing. senior ministers are engaged
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in a sustained effort to bolster the prime minister's position after wednesday's blighted conference speech and to dismiss any talk of a challenge to her leadership. but there are growing signs of disaffection on the back benches. it was an ordeal to deliver and difficult to watch. a prankster, a cough and a disintegrating set derailed theresa may's keynote speech to the tory party conference. she looked vulnerable and exposed, but battled on. and, just as they did yesterday, her cabinet has rallied round. what did you think of mrs may's speech? very brave, very good speech. is there a plot against her? i should think not. "should think not", the brexit secretary snapped. she has my full support, thank you. there was already heightened tension in the tory party after the snap election that destroyed the conservatives' commons majority.
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and the prime minister's rotten luck yesterday has got her critics circling again. in public, most people are being pretty loyal. i think in private people are very concerned. i think there will be quite a few people who will now be pretty firm in the view that she should resign. the tory party conference was a great opportunity to reboot the party and, therefore, reboot the country, to give a clear sense of direction, and that didn't happen. foreign secretary, is the prime minister going to resign? in recent weeks there has been much speculation about borisjohnson's own leadership plans. but in the absence of a standout successor to theresa may, and fear of another general election running deep within the party, this senior mp from the tory backbenches thinks his colleagues must get a grip. there are always tory members of parliament who have been grumbling about leadership. they grumbled about david cameron, they grumbled before that about michael howard. they‘ re now grumbling about theresa may. you always get that. what would you say to your fellow tory mps who think this is the moment to try and depose theresa may? well, i haven't found any yet
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and i haven't talked to any yet but next week when the house returns i will find them and i'll politely ask them to shut up. at the moment there doesn't seem to be enough momentum among a minority of tory mps to threaten theresa may, who is, of course, embroiled in brexit and bridging divisions within her party on the issue. most tory mps i've talked to are very sympathetic about the prime minister's struggles yesterday. 0ne cabinet minister told me it was proper and fair to stand by her. number 10 scoffs at any suggestion theresa may might quit. so for now the embattled prime minister fights on. ben wright, bbc news, downing street. now this time brought the sport i'iews. hello, i'm nick marshall—mccormack and this is sport today, live from the bbc sport centre. coming up on the show:
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germany qualify for next year's world cup with a 3—1win in northern ireland against belfast. england also qualify after a goal against slovenia. and three home runs are hit ina slovenia. and three home runs are hit in a victory against the boston red sox. welcome to the programme. starting with the news that reigning champions germany have qualified for next yea r‘s world cup champions germany have qualified for next year's world cup in russia. they beat northern ireland 3—1 in belfast to guarantee their automatic passage. they won all nine of their qualifiers to date. sebastian rooney fired home the winner for the four—time world champions. the advantage was

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