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BBC News
Jun 23, 2017 1:30am BST
banking regulator in china wants a report card on overseas acquisitions. kazakhstan is strapping in for what could be a fast ride on china's one belt, one road expansion. good morning, asia. hello, world. welcome to another edition of asia business report. it's a friday. i'm sharanjit leyl. china's banking regulator has ordered a group of lenders to assess the exposure to offshore acquisitions by a handful of companies on a buy spree overseas. they are some of china's largest, like hna and fulson. i spoke to our shanghai correspondent asking why authorities are so worried. there are two elements to this. they see the acquisitions, a vast 235 billion us dollars last year, they see it as giving a risk to the currency. they don't want that level of capital out of there. and they are worried about big chinese conglomerates raising money in this country. there is a big worry about debt overall in china. wealth management products, retail vehicles, high risk, china. wealth management products, retailvehicles, high risk, high interest—bearing, it is a concern among much of the authority
BBC News
Sep 5, 2017 1:30am BST
world to respond with the strongest possible measures. but china says there must be a return to negotiations. with rohingya muslims continuing to flee to bangladesh, the un's special rapporteur on human rights in myanmar has criticised the country's de facto leader, aung san suu kyi, forfailing to protect them. and this story is trending on bbc.com: the duke and duchess of cambridge have announced they are expecting their third child. the queen and both families are said to be delighted with the news, but the duchess is suffering with severe morning sickness. that's all from me for now. stay with bbc news. and the top story here in the uk: a top manager at security company gas has said he warned his bosses three years ago about the poor culture at an immigration detention centre where ten employees have now been suspended. a bbc investigation at brook house, near gatwick airport, found a toxic, brutal and failing environment. now on bbc news, all the latest business news live from singapore. global leaders debate whether economic sanctions will be enough to stop pyongyang in its
BBC News
Aug 30, 2017 1:30am BST
politics over profitability. the big three, china southern, china eastern and airchina, are out china southern, china eastern and air china, are out soon. will events in the world cause a dent in that online? as they pressure south korea over its deployment of a missile defence system. joining me is my colleague. will the south korean tourism industry really have an impact on the bottomline of these chinese carriers? yes, it will, because it is a case of politics over profits. essentially china's big three allied is a china southern, china eastern and air china. let's take a look at a graphic illustrating the size of each. they are asia's three largest airlines in terms of their fleet size and the sheer number of passengers they carry. china southern is the largest, carrying over 70 million passengers this year as ofjuly, with over 500 veins in the f. china eastern follows with 63 million passengers. —— 500 planes in the air. finally air china, which flew 57 million people with just a fleet size of 400 planes. you can imagine, with the sheer size of these airlines, you would
BBC News
Oct 25, 2017 1:30am BST
! china will soon unveil its new leadership council a day after president xi jinping consolidated his grip on power. and, america's footwear industry is making contingency plans because president trump's tough and straight talk... it's wednesday, everyone! good morning, asia! hello, world! welcome to asia business report. we start off with china, the 19th communist conference has come to a close, the top leaders of the party and china's economy will not be revealed until later today. the president has a vision for china and asa president has a vision for china and as a reflection of his power, his name and ideology has been enshrined in the chinese constitution. unveiling him to a higher level. our correspondent gave an insight into what it means for the economy. often, when you look at how the chinese constitution is made up, these big thoughts and tried in ideology. they are important for the political nature of the country but also the economy —— enshrined. you heard in his speech about the kind of china he sees going forward and his mantra, so to speak. a new era of socialism
BBC News
Nov 8, 2017 1:30am GMT
meet as president trump stops off in china. and one year after india's shock de monetisation, we look at how will rural villages are coping with going cashless. welcome to asia business report. when us president donald trump arrives in china today he will be joined by the bosses of more than 200 american businesses. during their visit they will look to strike billions of dollars worth of deals, but there are many sticking points, including america's huge trade deficit with china, which dealt with over 300 billion dollars worth of goods last year. earlier i spoke to the chief investment officer for the asia—pacific at credits. i asked if mrtrump was asia—pacific at credits. i asked if mr trump was likely to make much headway. certainly there will be a number of large multibillion dollar deals announced, but whether or not simple trade can actually be meaningfully influence market access and mutual confidence, i don't think it will. we know mr trump has a number of chief executives in some of the large firms, including goldman sachs. we are expecting these deals to be announced and
BBC News
Jul 10, 2017 1:30am BST
. china paints a green path for electric car technology, is the rest of the world willing to follow? and women in india are fighting a taxing battle when it comes to personal hygiene products. hello, asia. good morning, world! glad you could join us for this edition of asia business report, i'm rico hizon. china has a growing appetite for electric cars, sales there overtook the us last year and there overtook the us last year and the world's biggest car manufacturers are paying attention. of all though, owned by a chinese company, announced last week it will only make fully electric or hybrid vehicles by 2019 —— volvo. tesla is close to locking in a deal to open its first factory on the mainland. automotive analyst bill russo believes all carmakers will follow suit in the not too distant future. it's been a good run. it's been 130 yea rs it's been a good run. it's been 130 years since the invention of the internal combustion engine and the use of the automotive industry and we are about to see more change in the next decade than we've seen in the next decade than we've seen in t
BBC News
Nov 29, 2017 1:30am GMT
about qantas's ambitions in china and its eye watering $19 billion pay packet last year. the shareholders who own the company are the ones who decide my pay. and in every report we have had go to the agm we have had 98, 90 9% including this year, the port for that. the reason why i get paid that amount is because of the appreciation of the qantas share price, with the shares we re qantas share price, with the shares were issued three years ago there we re were issued three years ago there were $3 and now they are worth nearly $6. the shareholders have seen the company go from $2000000000“$10000000000. $8 billion of value has been created and we have returned an additional $2 billion to the shareholders. it is their money. they approve what i get paid and they are happy because i am com pletely paid and they are happy because i am completely in line with their success. despite the london to perth route, you keep your hub in singapore. is that because you see china as an opportunity or is the expansion of the air market in china, is that a threat? we are very excited about th
BBC News
Mar 6, 2017 1:30am GMT
of japan. it is said the missiles were launched from an errant near the border of china. the white house eyes asked the congress to investigate president trump's claims that back obama ordered his phones tapped. there has been a denial of the allegations by the former director of national intelligence. the second day of the chinese national people's congress is under way. and francois fillon says he will not quit amid allegations of corruption. and the top story here in the uk: talks will begin later today to try and form a new powers sharing government in northern ireland. but the first time, the unionists will not have a majority of seats. china's premier has the growth target from 2017. we take a look at the risks facing the world ‘s second—largest economy. and how the dream of 3—d printing is becoming closer to reality. good morning asia. hello world. it isa good morning asia. hello world. it is a monday, the start of a brand—new trading week. glad you to join us for this edition of asia business report. i am rico hizon. we start with china, which is that a forecast of
BBC News
Nov 9, 2017 1:30am GMT
his first day in china and there are more to come. a sea of plastic as the climate conference gets under way we explore the world's growing waste problem. it's thursday. good morning, asia and hello, world. thank you forjoining us for another edition of asia business report that it would start with donald trump as he continues his visit to china today. already his business delegation has sealed 90 deals worth 9 billion us dollars. the hard work is just 9 billion us dollars. the hard work isjust beginning. 9 billion us dollars. the hard work is just beginning. on 9 billion us dollars. the hard work isjust beginning. on the campaign trail he was highly critical of china and its trade surplus with the us. there are concerns over intellectual property and market access for us companies. earlier i spoke with somebody from fidelity international. i asked spoke with somebody from fidelity international. iasked if spoke with somebody from fidelity international. i asked if there would be progress at the meeting. international. i asked if there would be progress at the meetingm isa would be
BBC News
Dec 18, 2017 1:30am GMT
report. —— but first here is. china's plugging away at developing its one belt, one road initiative. will the world's second—biggest economy continue down the same path in 2018? welcome to asia business report. i'm sharanjit leyl. bitcoin has begun trading on the cme, that is the world's largest derivatives exchange operator, the move is seen as a major validation of the online currency which has been named as a fraud and in a bubble by some of its critics. alicia centre rally is with us now, we know that this is the second move ina we know that this is the second move in a week, disease mean it is gaining some legitimacy? investment has been cautious by investors, especially given this is a brand—new investment class. it is a premium to what it is currently trading on the stock market, depending on which exchange you look at, of course. as we mentioned, this is a milestone for the currency given previously, institutional investors could not cash in on this because they are not allowed to buy from these regulated exchanges, and so now, they have this avenue in which they can actually
BBC News
May 29, 2017 1:30am BST
bomber, salman abedi, was a potential threat. this week we get a health check on china's engine of economic growth, its manufacturing sector. an sri lanka's government is facing criticism for the sale of valuable infrastructure projects to china. welcome to asia business report. from high—tech gadgets do economic data to defence. they are all on the agenda for investors in asia this week. tomorrow asia's biggest technology fair opens in taiwan. and the state of the chinese economy has beenin the state of the chinese economy has been in the news recently with moody ‘s downgrading the debt rating, and on wednesday we get another peek into the key manufacturing sector with release of the official purchases index. and on friday, top defence chiefs from the region will c0 nve l’g e defence chiefs from the region will converge in singapore at a major annual defence caught. early i spoke and asked what we could expect from the computex conference? and asked what we could expect from the computex conference ?|j and asked what we could expect from the computex conference? i think we w
BBC News
Nov 10, 2017 1:30am GMT
blow to the free—trade ambitions of apec. china is trying to gain economic power in the region at the same time. we are joined from vietnam. she is right outside the summit site. it looks like it is all about trade and business. yes, indeed. as you can see, people are lining up and are getting ready to listen to many speeches from foreign leaders from the apec economies, like the japanese prime minister, the new zealand prime minister, and also, the speech everyone is waiting for, donald trump's speech, when he presents his vision of what the us‘s asia on the trade engagement in asia on the trade front and politically, frankly, will look like. there has been a lot of disappointment with the us pulling out of the tpp, but the other i! economies that decided to go ahead with the deal had said to me that if the us does not want to negotiate, they will continue without it. listen to what the australian trade minister told me about a new deal taking place. history has told us taking place. biggie? his egg’g’ei countries that taking place. biggie? his tsg’g’ei countries that b
BBC News
May 12, 2017 1:30am BST
news all the latest business news live from singapore. one belt, one road. china gears up for its first new silk road summit in beijing. what will it mean for investors. skyhigh prices for homes in asia. which property market gives you the best bang for your buck? it is friday, everyone. thank you for joining us. i am rico hizon. 28 world leaders will gather in beijing over the weekend to discuss china's grand plan to invest billions of dollars to improve its global trade links. what is known as the one belt one road initiatives is crucialfor the chinese president. there are concerns that it is masking other ambitions. our correspondent has the details. by sea and by land china's president has a big idea to bring his country closer to some of you. it is called one belt, one road. an awkward and confusing name but it is about trade links. the belt refers to this, road and rail that heads west through outer china. but look at this. this is the road. maritime that heads south and then west. china wants to take ancient silk road trading routes and update them by ploughing hundreds of
BBC News
Jun 27, 2017 1:30am BST
research china is now home to almost 100 unicorns, private companies worth more than 1 100 unicorns, private companies worth more than1 billion us dollars, and their combined value is estimated to be a staggering a45 billion estimated to be a staggering 445 billion us dollars. earlier i spoke to our correspondent about innovation with a chinese touch. there is a lot under discussion, about things like artificial intelligence. i think there are three different panels on al and the impact ai will have. so innovation and automation and ai are big on the agenda as well as china's role in the world. are western countries now viewing china as a country of innovation, or is it still being branded as a land of copycats?” think there still is a belief that china is a land of copycats, but i think that was five or ten years ago. you have now... i heard about a company in the states two weeks ago which is trying to emulate a communications platform in china so we now have western companies going to china for ideas. things like financial services and payment technologies in china are far ahea
BBC News
Apr 7, 2017 1:30am BST
be north korea's is i'll programme. mr trump also previously said he would make china pay for the big trading balance between china and the us. in a statement obtained by the bbc, the basque military movements eta says is we'll unilaterally disarm this week, ending decades of violence between them and the spanish government. this is trending online. the french candidate frances friel —— france's feline is being investigated over allegations that he gave fake jobs to his wife. that's all from me. as for watching bbc world news. our top uk stories: theresa may has told the president of the european council donald task that the sovereignty of gibraltar is not up for negotiation during the brexit talks. let's cross over life to singapore for the latest business news. face—to—face for the first time, as xijinping and face—to—face for the first time, as xi jinping and donald face—to—face for the first time, as xijinping and donald trump meet in mar—a—lago. and we look at how a government crackdown in india is affecting the world's largest exporter of buffalo meat. we
BBC News
Jul 6, 2017 1:30am BST
china and russia have urged washington to show restraint. the american ambassador, nikki haley, told an emergency meeting of the security council that the international sanctions imposed on pyongyang for years had been insufficient and now they must do more. unprecedented rain and floods have forced almost 400,000 people to leave their homes in the southern japanese island of kyushu. forecasters have warned that heavy rain will continue through thursday. and this video is trending on bbc.com. this may look like james bond carrying out some super spy stuff — but its actually the president of france literally dropping in on a submarine. that's all from me for now. stay with bbc news. and the top story here in the uk. after three weeks of sifting through tons of debris by hand police say they have finally removed all visible human remains from grenfell tower. now on bbc news all the latest business news live from singapore. the owner of kfc, pizza hut and taco bell in china reports of strong profits thanks to hungry consumers. and handmade guitars from the philippines. turning t
BBC News
Sep 8, 2017 1:30am BST
earnings were released. students from china are hoping to emulate the success of companies in australia by heading there to study winemaking. in the last 20 years, the value of australian wine exports has more than doubled to over 1.8 billion dollars us. last year china became its biggest customer, with orders up 44% in the year. the stu d e nts orders up 44% in the year. the students enrolled at the university of adelaide spoke to our correspondent. learning techniques tested over decades, these students hope they are on the path to prosperity. you don't have to be a connoisseur to know turning grapes into wine can be a very profitable business. but by coming to learn in australia, home to some of the world's exist wine brands, they can clearly see opportunities ahead. hopefully i can bea opportunities ahead. hopefully i can be a winemaker in a big winery at the beginning and in the and i can have my own winery. do you think one day you can make chinese wine that's as good as or even better than french, italian or australian wine? probably, definitely. but there are differenc
BBC News
Oct 2, 2017 1:30am BST
people you spoke to in the border area with china. i know that china, adding recently announced an orderfor north china, adding recently announced an order for north korean china, adding recently announced an orderfor north korean companies operating in china to leave. they will have a huge impact of the people you spoke to. yes. most of the people we spoke to were chinese trading or in ventures with north korea. so depending on how the regulation is enforced, this could have a major impact on north korean trade. but if north cred does shift to chinese companies, it might not have that big an effect. that is how they are enterprising. he's too soon now to see those economic sanctions that china has put in place against north korea take effect? i mean, you the cold then, the tax band, and limited oil exploits. —— coal ban. —— exports. limited oil exploits. —— coal ban. -- exports. china tries many things before they implement sanctions. at the same time, north koreans are ill—defined ways around sanctions. sometimes channelled the other way, then as it does not. but de
BBC News
Aug 3, 2017 1:30am BST
latest earnings shift into high gear we look at china and india leading asia's ambitions for electric cars. —— tesla's latest. and the dow pushes past 22,000 mark. will the rally extends to asia. —— kickstand to asia 7 will the rally extends to asia. —— kickstand to asia? welcome to asia business report. i am sharanjit leyl business report. i am sharanjit leyl. we begin with the auto sector. electric car maker temper —— tesla just reported revenues of more than $2 billion for the april— june quarter, more than doubling. the electric car maker burnt through more than $1 billion in that quarter, ramping up production for its mass—market model three, released last week. there are about half a million pre— orders for the model three. asia has its own ambitions when it comes to electric cars. china has mandated 8% of all vehicles sold the new energy cars by 2019. india has vowed to make all ca i’s 2019. india has vowed to make all cars sold electric i 2030. earlier i spoke to an auto analyst in sydney. i think you have to differentiate chinese case from the indian c
BBC News
Aug 15, 2017 1:30am BST
into whether china is stealing intellectual property from us companies —— president trump. and starting over is never easy for any family business, but one candy store in india has tasted sweet success. good morning, asia, hello, world. it isa good morning, asia, hello, world. it is a tuesday. glad you could join us for this edition of asia business report. i am for this edition of asia business report. iam rico for this edition of asia business report. i am rico hizon. just a few hours ago president donald trump asked for an investigation into alleged chinese theft of american intellectual property. this order comes as us ties with china are streamed over north korea. we will combat the counterfeiting and piracy that destroys american jobs. we will enforce the rules of fair and reciprocal trade that form the foundation of responsible, so. well, according to the us government, intellectual property stolen by china is estimated at more than $300 billion. and china is said to account for between 50% to 80% of global intellectual property theft. mr trump's tough talk on trade with
BBC News
Sep 11, 2017 1:30am BST
ousting of its founder, and last year it was forced to sell its china business to arrival. what about its business elsewhere? uber says it is taking an aggressive approach. in an exclusive interview, our correspondent caught up interview, our correspondent caught up with brooks entwistle, the new boss of uber‘s asia operations. up with brooks entwistle, the new boss of uber's asia operations. we just launched in myanmar, cambodia is on the radar soon. the competition is pretty tough. you have grabbed in southeast asia, you have grabbed in southeast asia, you have an indian rival, and uber has suffered a set back, i think it would be fair to say, with recent events would be fair to say, with recent eve nts — — would be fair to say, with recent events —— grab. how do you plan to catch up with some of these fast moving competitors, especially as they are building up their firepower in terms of investments and partnerships? we are going to be signing and focused on impactful partnerships across industries and set is that actually help drive people onto the app. —— sectors. we wa
BBC News
Jan 11, 2018 1:30am GMT
business news live from singapore. us stocks retreat on reports that china could be losing its appetite for purchasing american debt as tensions between the two countries continue to escalate. destination cambodia, find out what storing international companies to this manufacturing hub in southeast asia. good morning, asia. hello, world. glad you could join us for this thursday edition of asia business report, i'm rico hizon. we start with wall street and the major stock indices ending lower overnight after a choppy trading session and one of the reasons involve is asia's biggest economy, bloomberg is reporting chinese officials are thinking of slowing or possibly even halting purchases of us treasury bonds. china is the biggest foreign holder of us government debt, with $1.2 trillion in treasuries as of october, 2017. but chinese officials we re october, 2017. but chinese officials were cited as saying they would slow down the purchase because of trade tensions between the two big economies and there is further evidence of a delicate business relationship between the americans and the chin
BBC News
Jan 3, 2017 1:30am GMT
in china recognise that they have been underperforming, and that there might be a case for higher share prices in china itself. that is the view of the markets in the year ahead. what of global economic events? after all the surprises of 2016, asia business correspondent has been trying to find out who might have the best predictions. it is that time of year when many asians head to the temples to pray for good luck and figure out what is in store in the year ahead. neither financial forecasters nor fortu netellers neither financial forecasters nor fortunetellers accurately predicted what happened in 2016, so if eve ryo ne what happened in 2016, so if everyone is guessing, who is to say what is going to happen in 2017? well, this area is filled with fortu netellers well, this area is filled with fortunetellers and numerology, and i am here to meet one of them. master alex. as well as an economist at a private bank, i will be talking to. the us and china, what kind of relationship will these countries have in 2017? it will be interesting to say the least, you are talking about the
BBC News
Jan 3, 2018 1:30am GMT
. welcome to 2018. it is his first work trip this year. liam fox is arriving in china today. he has a trickyjob. nothing formal can be agreed before britain leaves next year. china is the eighth largest export market with the uk. trade between the two countries is estimated at 80 billion us dollars. what kind of deals are in store? i ask. the internationaltrade secretary cannot begin negotiating new trade deals while the uk remains, for the moment, a member of the eu. but, of course, brexit is the eu. but, of course, brexit is theissue the eu. but, of course, brexit is the issue that looms large over almost every piece of uk business at the moment. and we can be pretty sure liam fox will be trying at least to lay the foundations for a deal. what kind of things will they focus on? well, one area in particular the uk would like china to give a little bit more room on is access to the uk's service industries, things like banking, things like insurance, those kinds of things which traditionally have been very hard for european companies to gain access on. and i think we can expect talks
BBC News
Jan 2, 2018 1:30am GMT
that rubbish china bans the import of waste. so where will all of the garbage go and what businesses are most affected? and we look at how china will plans to shake up the oil futures market, but will foreign traders buy it? happy new year, and welcome to asia business report live from singapore. did you know that china has been the biggest importer of foreign rubbish? everything from paper waste, textiles to used plastic is sent to china for recycling. but not any more. these imports are now banned because beijing is trying to clean up because beijing is trying to clean up the country's environment and improve public health. but the ban will disrupt billions of dollars in trade. in 2016, china imported $18 billion in waste. from hong kong, danny vincent reports. recycling in hong kong — this is where plastic waste ends up. used plastic near and far. recyclers must change the way waste is processed. china's has introduced a ban on recycling products. hong kong has a challenge when it comes to dealing with plastic waste. right now the majority of the west coast to mainlan
BBC News
Jul 17, 2017 1:30am BST
singapore. china is about to reveal its latest gross numbers. will it show the economy slowing down of stabilising? we visit somebody that helps capture the imagination of millions of fans around the world. good morning asia, hello world. it's‘s the start of a brand—new trading week, glad you could join us. very soon, china will be unveiling its latest economic growth numbers. officials say they are changing the way they calculate what makes up the economy, by including contributions from healthcare, tourism including contributions from healthca re, tourism and including contributions from healthcare, tourism and the new economy. the last time chinese authorities changed how their gdp was calculated was in 2002. this will give us a better indication of how well the mainland guru from april— june this year. earlier, the china economist with hsbc told me that this reflects the chinese transitioning economy. we have seen over the past two years that the new economy set is in hiring and manufacturing have been outperforming the rest of the economy. a lot of them are growing in double
BBC News
Dec 7, 2017 1:30am GMT
economy. 0ne of the priorities will be what to do with china initiative. nepal approved in principle which aims to boost productivity in asia and the pacific region. the idea is to build a road from their all the way to kathmandu. politicians here hope by investing millions of dollars with chinese help, it will help to boost the economic road in this country. the international monetary fund has published its most recent report, looking at the stability of china's financial system which has fine at short debt. —— financial debt. in order to meet targets and avoid heavy job losses, i order to meet targets and avoid heavyjob losses, i spoke to business consultant. i asked him how concerned we should be about the debt problem? not terribly concerned. the imf sounded the warning is several times over the past couple of years looking at the debt rising from two up to 300% by 2022. china has been actively addressing that debt, whether it is controls are round lending, looking at the bigger pic is in investments going overseas, in addition, continuing the growth path so that it continues
BBC News
Sep 22, 2017 1:30am BST
singapore. china's credit rating is downgraded over concerns the growing debt pile isa over concerns the growing debt pile is a major financial risk. over concerns the growing debt pile is a majorfinancial risk. new zealanders go to the polls this weekend, a change in government could alter the business environment. good morning, asia. hello, world. welcome to another edition of asia business report. i'm rico hizon. glad you could join us. it isa rico hizon. glad you could join us. it is a friday. china's credit rating has been downgraded ahead of a major meeting. it went from a+ to a——, making it the last to be downgraded. the waiting drop in 2015. earlier we got a take on the move. you have to realise that china has zero debt. they have won century bond which trades at 212, extraordinary. in terms of direct sovereign debt issued by china, it is irrelevant. the broader observations from the rationale reflects the level of domestic debt in the economy. to be fair, that is nothing new. the rationale that they have employed is strange. it seems to be timed ahead of the congress in 0cto
BBC News
Mar 28, 2017 1:30am BST
? and american airlines is looking to spread its wings and expand its roots to mainland china. good morning, asia. hello, world. welcome to asia business report. thank you for joining us. i'm rico hizon. it's a tuesday. us markets ending flights overnight after some initial selling in reaction to president trump's failed effort to overturn 0bamacare. president trump is expected to sign an executive order today that would dismantle environmental regulations put in place by his predecessor. his controversial move highlights achievements between the donald trump administration and climate change. michelle fleury was asked what we know about this executive order. donald trump is trying to make good on a promise, and that is to undo barack 0bama's climate push. he wants to focus on something called the clean power plan which restricted greenhouse gas emissions from coal fired power restricted greenhouse gas emissions from coalfired power plants. that is where it a significant amount of emissions come from in america. this rule, to give context, was targeted by republicans, and they calle
BBC News
Oct 16, 2017 1:30am BST
without a trade deal. now on bbc news all the latest business news live from singapore. as china gets ready for a powerful twice a decade political meeting, investors worry about its growing mountain of debt. and to find out why japan's stock market is trading ata20 why japan's stock market is trading at a 20 year high as head of a snap election on sunday. good morning asia, hello world. it isa good morning asia, hello world. it is a monday. glad you could join us for this addition of asia business report. we started the project —— programme with china and government officials gathering in beijing for the 19th communist party congress. the twice a decade meeting is likely to see president xi xin ping further solidify his power and secure a second term. but beyond his political supremacy, there are growing worries about the state of the economy. in the first of three reports, our correspondent takes a look at china's growing debt pile. a twisting power inside a glass skin. this is asia's tallest building. the shanghai tower is a testa m e nt to building. the shanghai tower is a tes
BBC News
Jan 18, 2018 1:30am GMT
thought to be linked to the crippling of the agency's spy operation in china. and this story is trending on bbc.com. space invaders — the game which spawned a multibillion—dollar industry celebrates its 40th birthday. to celebrate images from the game have been projected onto the window panes of a tokyo skyscraper. that's all from me for now. and the top story here in the uk: the bill transferring all european legislation into uk law — after brexit — has cleared the house of commons. after 80 hours of debate, the european union withdrawal bill now goes to the house of lords. now on bbc news, all the latest business news live from singapore. i. i, donald john trump, do solemnly swear. . . i, donald john trump, do solemnly swear... it has been nearly a year since donald trump took office. we assess how asia has fared under america's 45th president. and china is expected to show slowing growth as the government cracks down on rising debt. good morning, asia. hello, world. it's thursday. glad you could join us for another action packed addition of asia business report. satur
BBC News
Sep 1, 2017 1:30am BST
look at china in particular, let's say, for example, china was one of the largest asian for example, china was one of the largest asia n offta ke for example, china was one of the largest asian offtake is of us crude in may and june but the year—to—date china has only been averaging 200,000 barrels a day of us import and utterly represents less than 1.596 and utterly represents less than 1.5% to chinese refining capacity. however as i said everyone is focused on oil but we look at the petrochemical sector, the us‘s exports 1.2 million barrels a day of propane and butane. half of which has been moving to asia. energy a nalyst has been moving to asia. energy analyst suzanne minter in denver, colorado. india's economy is showing signs of slowing, its gdp growing by just about 6% in the quarter ending injune. it is a big drop from the previous quarter and slower than the 7% expansion in the same quarter of last year. so why did it hit a three—year low? the latest economic growth figure clearly suggest that the economy is still to recover from the economy is still to recover from
BBC News
Oct 23, 2017 1:30am BST
in china but there are some major hopes they will have to jump through before they can make it happen, for more on that story monica joins us live in the studio, grade a bigger move?m could be a real game changer. earlier this year of did say they we re earlier this year of did say they were in talks with the shanghai municipal government to build their own factory and now the wall street journal is reporting today that this plan may actually go ahead and be put in place by the end of the year. this is uncharted territory for any foreign car—maker in china, the way the regulations stand at this point, they can really do this on their own, they had to set up a joint venture with the domestic auto maker to make cars on the mainland. what that means essentially is a company like tesla have to give half of their profits to this other company and potentially have to give intellectual property which is something tesla really wants to hold onto. there is also the issue of cost, buying a foreign car in china is massively expensive, there is a 2596 is massively expensive, there is a 2
BBC News
Jun 1, 2017 1:30am BST
leonard and the dog which adopted him, as he ran a 260 kilometre endurance race in china. he's been telling the bbc about how they bonded, and what happened when the dog went missing in western china. that's all from me now. stay with bbc world news. and the top story here in the uk... one of the biggest debates of the election campaign has taken place in cambridge. seven party representatives were involved — including the labour leaderjeremy corbyn. the prime minister theresa may did not take part. now on bbc news all the latest business news live from singapore. backin back in the club. pakistan reclaims its status as an investment destination. our oil investors react? and, find out why this airport in south asia is not popular with travellers or airlines... welcome to asia business report. a big day for pakistan, one that brings a boost to the country's stock market as today is when pakistan rejoice the msci emerging markets index, that list looks at top rank stocks from around the world, they use those lists to determine where and how much to invest in stocks. it signals that
BBC News
Apr 3, 2017 1:30am BST
executive orders on friday kind of targeting china even though he says he is not. are we expecting some kind of frictions oi’ we expecting some kind of frictions orare we expecting some kind of frictions or are we expecting a deal?” we expecting some kind of frictions or are we expecting a deal? i think it is too early for a deal. i think mrtrump has it is too early for a deal. i think mr trump has made various promises. he has certainly lost out on healthcare so getting tough on china is probably in line with his thinking. there is some risk that it gets verily robust between him and china —— fairly. certainly a initially. maybe push for a deal a little bit later. certainly, it might be on the all arming side. and when the japanese prime minister west they are, the two leaders played golf but this time we are not expecting that? certainly not but lots of talk. there has been talk of conflict of interest. china has been a guess working favourably to the trump organisation. if that likely to have any kind of impact? there has certainly been an effort by the chinese to position th
BBC News
Jan 9, 2018 1:30am GMT
korea. oil is still leaking from a tanker in the east china sea, two days after it collided with a cargo ship. one body has been recovered, but more than 30 crewmembers are still missing. and this video of a bbc colleague having a tough day at a zoo is trending on bbc.com: alex dunlop was filming a report at banham zoo, in norfolk. as he attempted to tell the story, the zoo‘s lemurs decided that this was their moment of fame. that's all from me for now. stay with bbc news. and the top story here in the uk: the education secretary, justine greening, has left the government, amid the biggest reshuffle since theresa may became prime minister. now on bbc news, all the latest business news live from singapore. strong demand for memory chips boost samsung's quarterly profits to a record high. after a day of soldiering through the sites, french president macron gets down to business, focusing on economic relations between the two countries. good morning, asia, hello world. glad you could join us for another exciting edition of asia business report. i'm rico hizon. we start off with sams
BBC News
Oct 9, 2017 1:30am BST
this week, china will release its trade figures as well. we will be watching further. i asked why prices closed down. one of the things that boyd oil market is talks ofa things that boyd oil market is talks of a production extension. vladimir putin said it could go to the end of 2018. on friday, they walked back from that. but the mere putin's state m e nts from that. but the mere putin's statements were clarified. we saw that reaction and at the breakdown. the storm was a secondary impact but oil traders are worried about the lift in us exports and what it means about a supply demand imbalance. us interest rates— win at which way they are headed, up. how quickly will they get their? it is a question of short rate and long rates. rates backing off with worries about north korea and that kind of things. 90% charge that cme watch is looking at a december high. pretty much every speaker is saying they need to go up. the big spike in wages from friday night's data and the unemployment rate at a 16 year low gives reason to pause. we are seeing strong data from china as well. more exp
BBC News
Mar 24, 2017 1:30am GMT
mr li ‘s visit comes at a time when china is trying to capitalise on the global uncertainty following donald trump's victory. our australian correspondent has been looking at how the relationship works. handmade for some of the world's most demanding sleepers, these mattresses are on their way from sydney to shanghai, where they will sell for 75,000 australian dollars. they only started exporting to china in 2013. in a few years they hope to have 100 stores there. the 2015 free trade agreement has helped push down tariffs and boost profits, bolstered by the massive demand for western goods. by a typically is not interested in buying locally produced products. they are looking for something which is imported, particularly australia, because we have a very natural product and beyond, i guess, the quality of the product in the master craftsmanship which goes into producing the product, they are looking for something that is genuine. premier li has been given the traditional welcome afforded to old allies. he has come to tell australia it doesn't have to choose between china and
BBC News
Jul 20, 2017 1:30am BST
demand fairer trade links with china. can be two sides struck a deal? and how some companies are hoping to create a better workplace for mothers by providing childcare. welcome to asia business report. live from singapore. trade tensions have emerged between the us and china during the annual bilateral meeting. neither side were willing to comment at the end of the talks after the us demand fairer trade links with china. washington wants to reduce its massive trade deficit in goods from beijing. that deficit reached nearly $350 billion last year. the us also wants a better access to china's growing consumer markets. but the trump administration could introduce ta riffs administration could introduce tariffs or quotas on chinese steel and aluminium products. washington has frequently accused beijing of flooding the market and driving prices down. earlier i asked our business correspondent is this tough talk is a good strategy. donald trump campaigned on this promise to shrink america's trade deficit which he says are helped diminish american manufacturing. if you look at the trade gap in
BBC News
Oct 13, 2017 1:30am BST
attracting billions of dollars from china. good morning, asia. hello, world. it is friday. glad you could join us for this condition. we start with samsung and they estimate their third—quarter operating profit nearly tripled compared to one year ago, beating expectations due to demand that their memory chips. does this mean the south korean giant may have bounced back from last year's costly recall of the galaxy note 7. i posed this question earlier.m you look at the market, they had a good launch in septemberfor the note eight. the programmes are in place. even though there was strong despite what happened yesterday with the vice—chairman and his appeal for the vice—chairman and his appeal for the corruption case. the trial doesn't seem to be making much of a different situation on the fundamentals of samsung. that is a good thing. you want to comfort eat that no matter what happens on the management level, is thriving, no matter what. that is good. whether it is the crown prince of samsung behind bars, what south korea wants and what investors want, you clean up and what in
BBC News
Jun 13, 2017 1:30am BST
lashed by heavy rain and strong winds as tropical storm merbok makes landfall on china's south coast. waves of up to six metres have been reported. and this story is trending on bbc.com. it's the tale of a 94—year—old indonesian banana seller who was the victim of theft. after a video was posted on—line showing him in distress, donations poured, in and almost $3,000 has been raised so far. that's all from me for now. stay with bbc news. and the top story here in the uk: the british prime minister, theresa may, apologises to her mps for losing her government's majority in last week's election. the uncertainty looks likely to delay the queen's speech from its scheduled date on monday. now on bbc news, all the latest business news live from singapore. to hike or not to hike. we will look at the rate decision of the federal bank and its impact on asia. and why is rechargeable gear becoming popular among the gaming community? good morning, asia. hello, world. welcome to another edition of asia business report. it's a tuesday. i'm rico hizon. we kicked off with the us federal reserve
BBC News
Oct 6, 2017 1:30am BST
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 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 pu
BBC News
Jul 27, 2017 1:30am BST
, countries around here, but of course the one place they are not in its china. yes, i think no matter how much mark running in front of tiananmen square, april we will be awhile before facebook can enter china —— mark. there are also countries with over 1 china —— mark. there are also countries with over1 billion, like india, indonesia, the philippines, and these are countries with huge populations and facebook has been doing a lot of work in india and trying to provide free internet. i think all of these moves will continue to help them to grow in terms of monthly active users, which will also equal advertising dollars for them. right, now let's talk about those advertising dollars, the majority of their money made from mobile advertising. where else can they look to continue to sustain this sort of growth? well, there are a few other things. facebook have not yet completely monetised on some things yet, one is whatsapp, the huge acquisition they made with whatsapp. they kept that intact, and iimagine whatsapp. they kept that intact, and i imagine once they start monetising w
BBC News
Sep 21, 2017 1:30am BST
in developing economies like india and china. therefore, we have to look at value —based product profile and look at investing significantly in technology and in innovation. 4000 jobs may be cut. what areas are you talking about? the cuts of jobs that can be defected is on the overlaps and those overlaps have to be handled and if they write any downstrea m handled and if they write any downstream is that are not sustainable structurally, not profitable, etc, we will have to see as to how they can be restructured. unions have been much more vocal and speaking out against the deal. they have given a conditional not now, they will look at it and take a final decision. half the board members belonged to these labour representatives and that could be a dealbreaker if they do not agree. representatives and that could be a dealbreaker if they do not agreem that a cause of concern? a lot of things happen. we need to ensure and we are clear that both partners make sure we communicate and take everybody a long in this joint venture because it is not a game that can be played by one stakeho
BBC News
Mar 13, 2017 1:30am GMT
, the worsening of relations with china over a missile defence system is a big worry and what will candidates for the top job have to say about giant conglomerates like samsung, so tied up conglomerates like samsung, so tied up in the corruption scandal that brought down park geun—hye? the disgraced leader left the presidential house on sunday, two days after a court dismissed her of a corruption scandal. what will the next couple of months looked like for south korea politically and economically? here's the view our a nalyst. there's a lot of moving parts at the moment, the candidates, the leading candidates for the election, they have said they will hold that by the ninth of may, that's a positive outcome straightaway from the electoral commission. the leading candidate, mr moon, he is very much a reformer, so he is very much about appeasing north korea and also actually taking a close look between these conglomerates and their cosy wallacia ships with the government. he's quite a reformist. so a role i guess you could say it's positive for south korea in the bigger picture. in
BBC News
Mar 29, 2017 1:30am BST
help test the cell or even build cars in china. uber‘s first report on employee diversity shows low numbers for women, especially in technical positions. the report comes as pressure increases on the company in light of sexual harassment claims by a former employee, the antics of its embattled chief executive, and ongoing criticisms of a sexist culture. energy giant exxon mobil has asked president donald trump not to scrap us participation in the landmark paris climate agreement, running counter to white house moves on carbon emissions. the news comes as the president unveiled a new executive order that could roll back some of the previous democratic administration policies aimed at curbing greenhouse gas emissions and climate change. well, the wells is set to face an oil shortage and higher prices if consumption rates aren't kept up —— the world. that is due to an international agency forecast. i spoke to the director of energy markets and security at the iea and he said asia is driving much of the demand. asia, including china, india, and the asean countries, they will be the
BBC News
Jun 20, 2017 1:30am BST
include china's a shares, the mainland shares traded in china, in its emerging markets index. this is the fourth time that msci is looking into the possibility. it could mean potentially a lot of investment going into mainland issues. our correspondent has more from a rainy day in beijing. china is chasing a globalfinancial day in beijing. china is chasing a global financial benchmark here. inclusion for its eight shares, leading shares here would mean that they attract by investors and responsible for trillions of dollars of investment. there would no doubt bea of investment. there would no doubt be a boost to those shares although it is hard to quantify exactly what that would be. to more significance to the chinese authorities is that they would regard a yes vision here as being a vote of confidence in the financial sector. this is, however, the fourth time they have asked. in the fourth time they have asked. in the past what has been an impediment has been the old familiar tale of reciprocal access. it is not easy forforeign reciprocal access. it is not easy for foreign investors to i
BBC News
Jul 24, 2017 1:30am BST
to somersault into china by linking up with the blue man group. it's a busy week for us companies, reporting earnings. we will hear from companies, reporting earnings. we will hearfrom some companies, reporting earnings. we will hear from some key firms including google, and their parent company, alphabet. they will release the revenue of youtube for the first time. we will also hearfrom general motors and mcdonald's during the two—day policy meeting. on wednesday, we find out how facebook and nintendo are faring, followed by amazon, twitter and starbucks on thursday. we learnt what to expect. there are going to be several 100 american companies reporting this week. as far as corporate earnings are concerned, what has been driving the market up to now has been companies cutting costs, and using those cuts, and not raising wages that much in america. what they do with the extra cash is to purchase their own shares back. when you do that, fewer shares in the market, it means that the profit per share goes up. that is what has been driving the stock market for the last ten yea rs.
BBC News
May 17, 2017 1:30am BST
active users, an increase of 30% over the past year. another tech giant in china, tencent, is tipped to report encouraging numbers today. but with a saturated market, what are the other avenues for growth? certainly they need to start looking outside of the chinese market. there's still a lot of growth in chinese market, for example tencent are actively looking outside, looking at notjust china but around hong kong and singapore. the chinese communities in europe and america. and also exploring other opportunities. we are exploring advertising channels, getting companies to put their brands on wii chat, for tencent. they are already approaching the number of users that whatsapp has? injanuary number of users that whatsapp has? in january whatsapp said they number of users that whatsapp has? injanuary whatsapp said they had 1.2 billion active monthly users. i think wechat are gunning to overtake whatsapp. they are also targeting international markets. whatsapp and twitter are already having a major footprint in the international market, but the likes of weibo and tencent are catching up
BBC News
Jan 5, 2017 1:30am GMT
done last year. in this region china was the standout performer with 798 outbound acquisitions and there's also been a busy year for vietnam, indonesia and australia while things have been more subdued in thailand, malaysia and the philippines. these figures are from a law firm and their mergers and acquisitions lawyer based in tokyo alun evans is seeing a different picture for this year. the outstanding story in 2016 was the china outbound story, more than $200 billion spent overseas by chinese companies and that was until december whether chinese companies who have the prerogative to do this essentially pressed the pause button amid concerns about the depreciation of the r&b and concerns about the slightly and strategic nature of some of the acquisitions. it will be interesting going forward to see how long that pause button is pressed for, probably at least the first quarter and then after that in 2017 we will see a more focused, slightly slower outbound acquisition spree from china. i think the deals above $10 billion, the mega deals, they will be heavily scrutinised by authori
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