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BBC News
Jul 11, 2017 1:30am BST
china's most famous dissident, liu xiaobo, who's dying of cancer, is at the centre of a diplomatic row. germany, whose doctors are treating mr liu, has accused the chinese of leaking pictures of him in hospital. and the german chancellor's spokesman has called on beijing to show humanity. the iraqi prime minister has formally declared victory in the battle to liberate mosul from the islamic state group. haider al—abadi delivered a victory speech in which he said he was consigning is to the bin of history. and this video is trending on bbc.com. thailand's prime minister has expressed his disapproval of one the country's most popular singers. lamayi has decided to tone down her act and she's been telling us all about it. that's all from me for now. stay with bbc news. and the top story here in the uk: the parents of the terminally ill baby charlie gard accused the hospital of treating him... the hospital of treating him... the hospital treating him of lying to a judge. they say they have new proof the child therapy could help him. now on bbc news all the latest business news live f
BBC News
Apr 13, 2017 1:30am BST
the two superpowers could not continue. president trump has hinted at trade progress with china, if beijing helps tackle north korea. he told a news conference that he had forged a good chemistry with xi jinping at their recent summit in florida. and this story is proving popular on bbc.com, because inside these nondescript—looking crates is a consignment of pandas, destined for a new home in the netherlands. after a marathon 8,000 km journey from china, they will spend the next 15 years in a zoo in the netherlands. that's all from me now. stay with bbc world news. and the top story here in the uk: the health secretary has ordered an investigation into failings at the shrewsbury and telford hospital trust, in shropshire, after it emerged that the deaths of seven babies injust over 18 months could have been avoided. now on bbc news, all the latest business news live from singapore. after months of tough talk, president trump now says he will not label china currency manipulator. and we are tracking this food delivery service on the streets of san francisco. welcome to asia business
BBC News
May 18, 2017 1:30am BST
us and asia are worried. a big push out of china, how long will it take for alibaba to succeed in the american marketplace? good morning, asia. hello, world. thank you forjoining us hello, world. thank you forjoining us that this thursday edition. we start off with the markets. as you can see right now, the nick a kicking off the first day trading session down by 1.4%. 270 points, tracking falls on wall street overnight on worries about washington. we also have the all ordinaries index giving back 1.2% in early trade. us shares extending losses following reports of a memo byjames losses following reports of a memo by james comey suggesting that president trump had tried to interfere with a federal investigation. that has made the us investors depressed. down by 1.8% overnight and the nasdaq losing a hefty 2.6%. that leads to concerns that political turmoil could get in the way of the business friendly policies of the president, such as the much anticipated tax cuts and infrastructure spending. for more we re infrastructure spending. for more werejoined in our studio. infrastructur
BBC News
May 15, 2017 1:30am BST
shut down. now on bbc news all the latest business news live from singapore. china's one belt one road for it kicked off in beijing. just how lofty are its silk road ambitions and can they be filled? more victims are expected of the cyber attack as they return to work after the weekend. hello and welcome to asia business report. leaders from 28 nations are gathered in beijing to bring china's grand plan to invest billions of dollars to improve its global trade links one step closer to reality. called the one belt one road initiative, it was proposed in 2013 by president xi xin ping. its ambitions span over 60 countries and the president has pledged billions of dollars for the scheme. there are sceptics that say it is an expensive exercise to extend china's political and economic influence. we are joined by our asian business correspondence in the studio. $124 billion, no small number. of course, this was an announcement that was made to all of the world leaders that were gathered to listen to president xi. why are the chinese making such a big deal about this? in simple terms, thi
BBC News
Aug 17, 2017 1:30am BST
and it is important for us to test the market in china so we are coming up to a small issue of $200 million and we just want to sit how well it will be received. —— to see. you are getting these at a time when you're trying to fight your claims against china in the south china sea. isn't there a risk you will give up on these claims in the china sea? absolutely not. we have won oui’ china sea? absolutely not. we have won our case in the arbitration court but, as president rodrigo duterte rodrigo said, we will take theseissues duterte rodrigo said, we will take these issues up sometime in the administration but at this point it is important to build confidence in each other. before we tackle the difficult issues that are posed in the south china sea. we are not abandoning any claims but we think, the president thinks, this is time to be more friendly rather than contentious. china is growth is slowing down and the ruck and turns ofa slowing down and the ruck and turns of a debt bubble. many countries who have taken of a debt bubble. many countries who have ta ken loa ns of a de
BBC News
May 16, 2017 1:30am BST
airasia. and are bringing this low—cost model to china. will the chinese airlines allow it? -- but especially. they had to try. china is the biggest frontier in aviation. they have to be there. i think they will do well. they have the resources and the know—how. they have very good management. i think everything goes with them. what is the potential of success for a asia in china? very good. they have grown very big in china. they have briefly to do that. —— airasia. they now have eight close political relationship between malaysia and china. so they have everything going for them in china. china. so they have everything going forthem in china. but china. so they have everything going for them in china. but there is a huge market within china, as well, where other players will potentially command. —— come in in the new future. in other business news, western digital is seeking international arbitration to stop toshiba from selling its chip business without consent. the two companies maintained their largest facilities. the cash bonus could be a boost for tissue. the japan
BBC News
Apr 17, 2017 1:30am BST
what he called north korea's threatening behaviour — now includes china. of this video is trending on bbc .com. these images are from mexico. it's an effigy president trump as judas for the easter celebrations. the effigy was packed with fireworks, and went off with a bang. donald trump's insistence to build a wall along america's border with mexico has clearly affected his popularity there. that's all from me now — stay with bbc world news. and the top story here in the uk — the queen and prince philip have attended an easter service at windsor castle, accompanied by royal family members, including the duke and duchess of cambridge. now on bbc news all the latest business news live from singapore. china unveils its latest economic growth numbers in just china unveils its latest economic growth numbers injust over an hour a strong performance is predicted. and we find out why cadbury has lost taste for chocolate making in new zealand. good morning. glad you could join us for this monday edition of asia business report. i'm rico hizon. we are counting down to new data from china
BBC News
Apr 27, 2017 1:30am BST
. 0ver the samsung life in south korea. over to china now and investors have been banking on the mainland stock carriers for the last couple of yea rs carriers for the last couple of years on rising travel demand and today we will be hearing the latest financial numbers from china eastern and airchina, but financial numbers from china eastern and air china, but will it all be good news? here's a preview from industry watcher matt driscoll. it's a mixed bag. china eastern is looking to beat expectations, a nalysts a re looking to beat expectations, analysts are talking about a 31% increase in net profit, china southern above market expectations according to the analysts, although profit is likely to be down as much as 40% compared to q1 of last year. air china is likely to be in line with expectations but profits still down. so much expectation from these mainland carriers and they have really expanded on the international routes. what is giving them better yields, matt? is it the international business or the domestic business? part of the problem is last year they turned in thei
BBC News
Sep 15, 2017 1:30am BST
bitcoin prices fall bitcoin prices fell sharply after bitcoin prices fall sharply after china's second—biggest online exchange says it is shutting down domestic trading. and it is the end of the road for the cassini probe, but asia's space economy is about to ta ke but asia's space economy is about to take off. good morning asia, hello world. glad you could join us. i am rico hizon. we begin with crypto currency, and bitcoin is on the longest losing strea k bitcoin is on the longest losing streak in more than a year because ofa streak in more than a year because of a chinese government crackdown on crypto currencies. btcc china, one of the country's the largest exchanges, said it would stop handling trades by the end of the month. there has been a flow of media reports saying that china plans to shut down bitcoin exchangers soon. the central bank is also banned initial quoin offerings, which is used as a way for virtual currency start—ups to raise money. given that a large portion of bitcoin trading is in china, what does this mean for other crypto currencies? i posed the qu
BBC News
Apr 12, 2017 1:30am BST
from auditors. and we find out what china's latest inflation figures tell us about the country's economy. hello and welcome to asia business report, i'm sharanjit leyl. toshiba's shares are down more than 296 toshiba's shares are down more than 2% at the start of trade in tokyo this morning, the conglomerate from japan could face delisting from the stock exchange after it listed results without the endorsement of an auditor. it's unprecedented for a majorjapanese an auditor. it's unprecedented for a major japanese firm, they an auditor. it's unprecedented for a majorjapanese firm, they are going to sell their crown jewels, the chip business, to offset huge losses from its nuclear division in the us westinghouse. earlier i spoke to rupert wingfield—hayes and asked him about the likelihood of a de—listing. about the likelihood of a de-listing. every stock exchange around the world has rules over what companies have to do to qualify too keep their stocks listed, and one of thoseis keep their stocks listed, and one of those is normally that you have to file timely results, timely
BBC News
Dec 21, 2016 1:30am GMT
china have declared extreme air pollution alerts. millions of people are confined indoors to avoid the toxic smog. flights have been cancelled and highways closed because of low visibility. stay with bbc world news. and the top story here in the uk — scientists have made a remarkable breakthrough in the treatment of early stage prostate cancer. now on bbc news, all the latest business news live from singapore. the bitter feud — the bitterfeud — between businesses and the ousted chairman might be headed for the courtroom next. restrictions on converting yuan is fuelling more demand for us dollars in china. good morning, asia, hello world, it's a wednesday. glad you could join us for this mid—week edition of asia business report. i'm rico hizon. we start off with india and a very public boardroom battle will be the top of the agenda at a number of meatings being held this week by companies belonging to the con gam rat tata. the meetings were originally called to remove the director. but he resigned from six companies on monday. we have the details from mumbai. by details from
BBC News
Jan 23, 2017 1:30am GMT
agreement which some say it by doing so agreement which some say it by doing so will strengthen china's hand. this was a major part of president obama's trade dealings. he wanted to pivot towards the south east asia pacific region while donald trump believes there is nothing better the us. he plans to tear up that agreement. he was to renegotiate whether north american free trade agreement is concerned. he wants to hold leaders —— talks with leaders of canada and south america with looking to renegotiating, provided america can get a good deal. early days yet, we know. he is yet to get into his first week. will he backed his statements with policies? where possible he seems intent on doing so. possible he seems intent on doing so. tomorrow, his first full day in office, his first weekday in office, he will sit down and find various executive orders and in many cases, those will be repealing executive orders that barack obama brought into a fact and trade is likely to be top of the agenda for president trump this week. he is very clearly intent on seizing the initiative while he hasn
BBC News
Feb 22, 2017 1:30am GMT
into mainland china, but less is flowing out. we find out why. and digging up of diversity. the philippines a posture the environment secretary defends her decision to shut down mines. —— philippines‘ environment secretary. glad you could join us for this midweek edition of asia business report. i‘m rico hizon. new figures reveal investors are putting more money into china but china‘s investments overseas are falling. more than $7 billion us has been invested in a mainland so far this year, nearly double the same period in 2015. outbound this year, nearly double the same period in 2015. 0utbound deals have dropped a0%. managing —— i asked how long it could continue. the projection is that the currency outflow issues will last for the first half of 2017 and there will be a pickup going forward after the outflow issues have been curtailed a bit. certainly it is in china‘s interest not to clamp down to tightly on all of the outbound investments of the market players. it is speculated that later in the year there will be a pickup on outbound investment and a lot of t
BBC News
Mar 27, 2017 1:30am BST
promised to heal wounds over beijing's industry. with a slowing economy in mainland china, she could be facing economic headwinds. i spoke with research at peter church at that the issues that will be at the top of her agenda. peter church at that the issues that will be at the top of her agendam hong kong, the affordability question on housing has been a huge economic and political hot button in hong kong. and if you look at it rationally, it is really a supply it generated a problem. hong kong has been producing less than half of the long—term average supply of housing in the last decade. so there is a massive shortfall of housing that has built—up. you put that in context of very low interest rates, and you can see, you don't have to be an economics ph.d., to understand that prices will go up. and besides property, there are other issues. there are a lot of concerns about whether hong kong, which has always been seen as the gateway to china, can remain relevant as a financial hub. especially as there are many chinese cities perfectly capable of playing that role as gatew
BBC News
May 1, 2017 1:30am BST
, all the latest business news live from singapore. thawed relations. japan and china holds direct economic talks for the first time in nearly two years. tea rs first time in nearly two years. tears and disappointment. the impact on indian workers with the new australian visa laws. good morning, asia. hello, world. welcome to another edition of asia business report. it's a monday. it may be may day or labour day were you are, but we know that markets have a lot to digest in the next few days. japan and china are resuming bilateral trade talks after two years starting from today. the federal reserve kicks off its two—day meeting. investors will be looking for clues on how many more us rate hikes could be in store this year. that is the same day that tech giant, apple, will give its financial report card. facebook follows the next day. and on thursday, the australian prime minister, malcolm turnbull, meets us president donald trump in new york. what can we expect from this busy week? i asked a guest what he is expecting from japan and china. the relationship between japan expecting
BBC News
Feb 10, 2017 1:30am GMT
nervous about the trump residency? during the campaign, donald trump talked a lot about china and slapping tariffs on chinese goods and china stealing us jobs. what has that been in the past double of months was trump conflating china's problem with japan how japanese automakers are being unfairto us japan how japanese automakers are being unfair to us automakers and talked about how the yen, in his view, is undervalued and in many ways it is about heading off a trade war. president trump does decide to devalue the dollar in washington, dc, you see this kind of a very big effort from prime minister abe said we are creating jobs and opportunities for the us. we are not the enemy. will it work? mr abe congratulated him back in november but it did not stop mr trump from criticising toyota in his tweets. but it did not stop mr trump from criticising toyota in his tweetslj think president trump is realising from his visor is that us needs japan as much as japan needs the us. with north korea and china, the us needs japan. in the long run, with north korea and china, the us needsjapan.
BBC News
Aug 7, 2017 1:30am BST
$1 billion a year in export earnings. china says that sanctions are needed, but has been urging more talks. a government—backed investigation in myanmar has rejected allegations that its military committed atrocities against rohingya muslims last year. the un argued it's likely that crimes against humanity were committed in rakhine state. and this story is trending on bbc.com. iranian mps have been urged to take courses in universal moral values after some of them crowded around eu diplomat federica mogherini to take selfies with her. some social media users said mps had embarrassed the nation. that's all from me for now. stay with bbc news. there is more to come. and the top story here in the uk: the government has launched a review into the cost of energy, amid concerns over rising prices. but critics have questioned what the inquiry, to be completed by the end of october, will actually achieve. now on bbc news, all the latest business news live from singapore. the un hits north korea with its harshest sanctions yet over its nuclear and missile programme. and trading in big bucks
BBC News
Jun 21, 2017 1:30am BST
incoming chief executive for hong kong. msci has decided to include china's a shares in its emerging markets index. until now, only chinese shares listed in hong kong were part of the index. msci compiles global stock market indices all lists of companies that investors use as a benchmark for investing decisions. earlier i spoke toa investing decisions. earlier i spoke to a correspondent in hong kong and asked why this decision was important. it was a widely expected decision, capping a process that took overfor years. decision, capping a process that took over for years. during that time msci had been speaking to investors around the world as well as chinese regulators in an effort to bring asia into this highly influential index. in the last three yea rs influential index. in the last three years the proposal was rejected because of market access issues. foreign investors were unable to get access to the shares to buy or sell as they saw fit. this time the proposal was scaled down from over 400 stocks to 169 stocks in the access issue was much less because those shares are accessib
BBC News
Dec 23, 2016 1:30am GMT
, especially on the geopolitical front with china or in the middle east and significantly stops global growth. we overwhelmingly think there will be a slow recovery and 2017 will be a pretty good year. why do you say that? the signs are there. in the us the markets are responding positively to trump's election. interest rates are going up, which isa interest rates are going up, which is a healthy sign. global trade flows have never actually stopped growing but there is expected to growing but there is expected to grow around 3% in 2017. growing but there is expected to grow around 396 in 2017. this is good news for the us economy, reducing corporate tax to 15%, refighting the economy, a stronger dollar, but on the other hand asia is currently suffering with weaker in the asian currency levels not seen since the 1998 financial crisis. we think you will see something strange in asia. asia, everyone talks about china. china has some pretty significant challenges at the moment and nobody has ever believed their growth of 6.5%/ evin prison is actually that, it's more around 4%. you w
BBC News
Jan 11, 2017 1:30am GMT
us is the number two destination after china. from the us point of view, asia is that the region where half of the world ‘s population lives and it is a great performer so it will be attractive for business and investment in the coming years. concerns and fears we could see a face—off between china and the us. what legacy did president obama leave in terms of relations between the chinese and the americans? leave in terms of relations between the chinese and the american57m leave in terms of relations between the chinese and the americans? it is a good question. deepening the working relationship between the us and emerging powers like china was a key element of the obama administration and strategy. president obama has been highlighting that the us — china relationship is the most important bilateral relationship of our time and he has been welcoming the rise of china and i think that is where we will go from there. donald trump is scheduled to hold his first news conference on wednesday since winning the residential election. chief among the questions is that what he will
BBC News
Jul 3, 2017 1:30am BST
years since the handover to china. it was all smiles from president xi and hong kong's new boss carrie lam, but there are concerns that beijing is exerting a stronger influence president trump is accused of inciting violence against the media after tweeting a spoof video showing him wrestling a man with a cnn logo superimposed. and this video is trending on bbc.com: it off north korea. —— of. north korea has opened what's called a children's traffic park in pyongyang. it's to teach youngsters how to stay safe on the roads. that story is popular on bbc.com stay with the team here on bbc news. plenty more to come. and the top story here in the uk: the environment secretary michael gove says the government should listen to the recommendations of pay review bodies looking into public sector salaries. more from me later, but first, he is rico hizon. —— here is. hong kong kicks off a new week with a new chief executive and a new trading link with mainland china. and in an exclusive interview with the bbc, i speak to the new head of the philippine central bank. good morning asi
BBC News
Jan 17, 2017 1:30am GMT
provoke it over taiwan. it comes after the us president—elect challenged the one—china policy. and this video is trending on bbc.com: it's time to say a temporary farewell to the iconic billboards at the centre of piccadilly circus in london. the lights have been switched off for renovations and they'll stay off until later this year. that's all from me now. stay with us here on bbc world news. and the top story here in the uk: northern ireland is to hold new elections following the collapse of its power—sharing executive. secretary of state james brokenshire has set the date for march second. now on bbc news, all the latest business news live from singapore. china's president takes centre stage at the world economic forum. and theresa may is suspected to signal a ha rd theresa may is suspected to signal a hard brexit in a speech later today. welcome to asia business report. china's president is expected to urge for more inclusive globalisation as the world economic forum's annual meeting kicks off in switzerland. xijinping forum's annual meeting kicks off in switzerland. xi jinp
BBC News
May 31, 2017 1:30am BST
china's one belt one road for these giant infrastructure projects that do not necessarily protect the environment. why do you support it? because, as mentioned, we want to feed the world in a sustainable way and ina feed the world in a sustainable way and in a responsible way. we need to address both. that is the end of your two minutes, thank you for joining us! us stocks closed out the final trading session for the month of may. they were flat, nearly halfway through the year. driving big gains on wall street. let's have the luck... buoyed by optimism that the us president will roll out tax cuts that favour businesses and boost profits for corporate america. some of that enthusiasm trickled into asia. this was tempered by north korea and several missile launches, raising worries about security in the region. not many investors are convinced that china can maintain growth momentum. my guest told me that this year, it has been an incredible year for investors... across the world we have seen double—digit returns, in particular in this region, quite a nice performance of asian market
BBC News
Jul 18, 2017 1:30am BST
, there is still a somewhat negative sentiment towards china. that is correct. a lot of factors for investors to digestive. even though we had better than expected growth. what could really turn the tide in these brexit negotiations? perhaps some kind of trade agreement. we saw a trade agreement in terms of the japanese, but that took years to be finalised. we need some agreements like that from an economic perspective to alleviate some of the tension and perceived stress. why are we seeing is doubt about the chinese economy, despite 6.9% growth?” is doubt about the chinese economy, despite 6.9% growth? i think it is concerned about the underlying debt situation. the people's congress is going to be important to the chinese. investors did not take the news positively. and liquidity access in china and hong kong? yes, it isa access in china and hong kong? yes, it is a wait—and—see approach. access in china and hong kong? yes, it is a wait-and-see approach. given all these landmines in the investment landscape, where do you tell your investors to put their money? the chinese con
BBC News
Jul 13, 2017 1:30am BST
news live from singapore. china orjapan takes the lead in reviving the ambitious trans—pacific partnership trade deal after the us pulls out. and we look at why start—ups in india are hitting major roadblocks and struggling to raise money. they are hoping to reach a new trade arrangement. japan is hosting them until friday, but, without the us at the negotiating table, is there still a point? economist martin schultz says yes. tpp was thought to be dead after the us was leaving, but with the eu, japan fta, which has been signed and brought on track to be going, there is some life still in free trade and getting things going in terms of having trading platforms, and that is the most important thing for asia. asia isa most important thing for asia. asia is a very attractive market. so creating a platform, even without the us, makes the entire area more attractive. trade talks are keeping going. this is very helpful. but the linchpin of this trans—pacific partnership is the united states, and it represents more than 60% of the initial members' gdp. without the initial members'
BBC News
Oct 19, 2017 1:30am BST
china communist national congress will discuss economic policy a day after after president xi promised greater prosperity through what he called socialism with chinese characteristics. president trump has denied a democratic congresswoman‘s claims that he was insensitive during a phone call to the widow of a soldier killed in action. and this story is trending on bbc.com. google says it's developed an artificial intelligence programme that can learn without human interaction. the new alphago zero learnt and mastered the chinese game, go, with no data other than a blank board and the rules of the game. that's all from me for now. stay with bbc news. and the top story here in the uk. bbc research has revealed that nhs hospital targets, including cancer care and some operations, are routinely missed. england, wales and northern ireland have not hit their three key targets for 18 months. now on bbc news, all the latest business news live from singapore. the dow smashes the 23,000 mark for the first time ever, with other key indices following its lead. india's tax reform is takin
BBC News
Aug 29, 2017 1:30am BST
, we arejoined by my colleague. what's happening? japan, australia and china have opened lower, japan and a four—month low. similar conditions in south korea. not down by a huge amount. with the japanese yen, it is rising to a high against many currencies including the us dollar, because it is seen as a safe haven for investors in times of crisis. it seems that this reaction, it does seem somewhat unusual and overblown. what we saw this time around was a missile going overjapan. this happens infrequently. it has only happened twice in the past. at the time that there were previous launchers over japan, they were claimed to be satellite launches. people are waking up to alerts on television and sirens, it was quite a tense time before the all clear was given. that is part of the reason that markets would have been rattled. in the middle of august, we saw a war of words intensifying between washington and pyongyang. that was when donald trump used the words fire and furious. pyongyang retaliated saying they would launch a missile to guam. we saw then a huge impact on the korean market
BBC News
Jun 2, 2017 1:30am BST
? the eu and china will continue to push the policy of change. it isn't only related to climate change, the focus of today. very much also on the business of moving and transitioning to a lower carbon economy and to a certain extent to move from a centralised energy system to a more distributed energy system, which renewables begin to start acting. it isn't only about climate change but energy—efficient seat and how we move to a green and clea n seat and how we move to a green and clean environment. obviously, asia will have to start making its own mind as to where its alliances are. energy efficiency involves investment, so how will it affect renewable firms around the world who had invested ahead of time, as they have braced for this? in asia, we can split into three fundamental markets. china, it india, and the asiata and region well we are now. each of the regions have different issues when it comes to energy. in china, rapid urbanisation caused pollution and they will make decisions based on reducing their pollution as much as they can. india has different problems, energy inten
BBC News
Jul 4, 2017 1:30am BST
partners and they are expected to sign a number of deals that this meeting. but even though china's one bel, won road plan goes through much of central asia, russia will largely missed out on the economic benefits. earlier i spoke to a russian business specialist. i asked of the one. one road initiative will cause any friction between the two leaders. russia does not participate exactly in this initiative but it supports it. and because the russian union is going along... both are wa nt to union is going along... both are want to create free—trade zones which will contribute to the incontinent. will china also be losing by bypassing a large chunk of russia? i would not say china will lose something. we know from the gas contract between russia and china, both countries benefit a lot. russia allows a lot of gas pipes in order to share. sherrod a competitive price. i'm sure the two countries can arrange a good price for both. despite the situation between russia and china at the moment, traders up by over 26% between the two countries. what drives this higher trade? trade has been d
BBC News
Apr 18, 2017 1:30am BST
not want to get too concerned with one days. with china on a run rate of 25— one days. with china on a run rate of 25- 27 one days. with china on a run rate of 25— 27 million units, the united states on a run rate to purchase hopefully 20 million cars, japan is probably hopefully 20 million cars, japan is pro ba bly less hopefully 20 million cars, japan is probably less than 5 million units. it is not a really important car market these days. i think agriculture is a very important market. the japanese have truly superior agricultural production capabilities. and they need to extend those and start selling their agricultural products, in particular to their local member china, and free up the agricultural space. i think that will be a major focus of the talks. in tokyo. united airlines has released their earnings. the chief executive is taking nothing for granted. he has once again apologise for the scandal over the forceful removal of a passenger from a flight last week. and these pictures of the doctor being dragged off and overbooked flights sparked a public relations disaster f
BBC News
Aug 31, 2017 1:30am BST
to fully realise economic potential. bbc news. it is burning season for corporate china and the bank of china is reporting and the bank of china is reporting anii.5%jump to more and the bank of china is reporting an ii.5%jump to more than $50 billion. —— earning. the fourth biggest lender reported a decline. overall, the financial sector on the mainland appears to be healthy with lower bad loans. regulators have been raising efforts to stop the shadow banking system which has over populated nontraditional bank lenders. i spoke to someone to ask if the crackdown is having an impact. overall profitability for chinese banks is actually quite healthy. what remains a concern is the net interest income has been deteriorating over the past two yea rs. deteriorating over the past two years. this is no fault of their own. what is happening is these are macro factors. the property market has been coming off and china is slowing down the pit is not all doom and gloom. the chinese banks have been wise and are moving away from interest income —based to a fee—based approach. we can se
BBC News
Nov 14, 2017 1:30am GMT
of contracts for american companies but could he sealed a deal with china? —— president trump. and the numbers don‘t like, wearable technology telling sports coach is how hard their teams are working. welcomed asia business report. i am sharanjit leyl asia business report. i am sharanjit leyl. it‘s been a world wind ——a whirlwind tour of asia for president donald trump, a difficult task to reassure america‘s allies in the region, persuade china to pressure north korea and demonstrate the us is still willing to do business with asia. i spoke to ian bremner earlier and asked how successful his being. it was moving forward with the trans—pacific partnership, it was moving forward with the tra ns—pacific partnership, the it was moving forward with the trans—pacific partnership, the tpp 11, trans—pacific partnership, the tpp ii, which does not involve the united states. trump did get a number of headline bilateral investment deals signed, some of which are new, some not. not unusual, a lot of presidents do that. china, trump has said, and i think this is a victory, he
BBC News
Jan 18, 2017 1:30am GMT
know you are in strange times when the head of communist china speaks passionately about free trade around the world, while america's president in waiting speaks equally passionately about the damage it does. xijinping's address passionately about the damage it does. xi jinping's address to the world economic forum, in davos, focused on economic growth. here is what we had to say. translation: we must remain committed to developing free trade and investment, promote trade and investment liberalisation and facilitation, through opening up, and say no to protectionism. no one will emerge as a winner in a trade war. president xi jinping speaking at the world economic forum in davos. it is actually the first timea in davos. it is actually the first time a chinese leader has attended the gathering, and fought china, finally —— finding its voice on the global economic stage. so in the wa ke global economic stage. so in the wake of the chinese president's speech in davos, a little bit of irony has come into play. is it not normally the united states, the leader of the free world, which
BBC News
May 30, 2017 1:30am BST
south china sea. british airways says its flights are gradually getting back to normal after a ll gradually getting back to normal after all its planes were grounded over the weekend. the chief executive has blamed a power surge in one you take —— the uk data centres. it was claimed the back—up systems also collapsed. he is refusing to resign. he insists the computerfailure had refusing to resign. he insists the computer failure had nothing refusing to resign. he insists the computerfailure had nothing to do with cost cutting. there are no redundancies taking place around this particular hardware set of infrastructure. in this particular case it is all locally hired resources that have been attending to the maintenance and running of this infrastructure. so, completely unrelated to the redundancies and outsourcing of the it systems? in this case, yes. weeks after government data showed the economy grew faster than expected in the first three months of the year, clocking its longest period of expansion in more than a decade. bmw's is a shortage of parts from bosch has caused
BBC News
Jan 16, 2017 1:30am GMT
samsung until monday. he has been investigated over a scandal linked with a park geun—hye. china's president, xi jinping will attend is a summit in switzerland. we explain the significance of his attendance. he really will be the star of the show. it isa really will be the star of the show. it is a time when not many world leaders are coming. a weakening chinese economy and a weakening chinese economy and a weakening chinese currency. the president will be under great pains to tell the world that they should have confidence in china's economy and that they will play an important and responsible role on the world stage. this is how the chinese currency has fared. there is a battle between market forces and what the chinese central bank has been trying to do. the chinese currency has really weekend against the us dollar because market forces are trying to push the currency lower. at the same time, the people's bank is trying to strengthen the currency because a wea k strengthen the currency because a weak currency, though good for experts, is bad for the confidence of the economy and
BBC News
Mar 30, 2017 1:30am BST
in china. the conservation group, save the elephants, says an economic slowdown and an anti—corruption drive has lead to a reduction in ivory carvings often given as gifts to officials. that's all from me now. stay with bbc world news. aykroyd has converged on westminster bridge to remember the victims of the terror attack which occurred one week ago. —— eight crowd. —— a crowd. fixing a financial meltdown. samsung electronics looks to rebuild its reputation with its first new smart phone since the exploding battery scandal. good morning. glad you could join us for this edition of asia business report. we start with toshiba and shares are down less than 1% toshiba and shares are down less than1% in toshiba and shares are down less than 1% in tokyo trade news overnight that it is us unit westinghouse filed for bankruptcy protection. investors are waiting as shareholder meeting due to start shortly. toshiba are now warns that the delos mao may widen to over $1 billion us because of the problems of westinghouse. it has twice delayed reporting earnings until april 11.
BBC News
Oct 3, 2017 1:30am BST
china to europe emphasise the need for more energy efficient vehicles. we are joined by my colleague for more on this electrifying story! everyone is getting into these energy—efficient cars? if you want to trade in your fuel reliant car, you are in luck. in the next five years there will be 50 new models on the market. one side from what general motors announced on monday, with these 20 new models by 2022 and a reminder they are the largest us manufacturer, there are so many other car makers are jumping manufacturer, there are so many other car makers arejumping on board. volkswagen, audi, bmw... they have all announced new models. james dysonis have all announced new models. james dyson is also investing $2.7 billion in trying to come up with an electric car and batteries and the perennial favourite, electric car and batteries and the perennialfavourite, tess electric car and batteries and the perennial favourite, tess la. electric car and batteries and the perennialfavourite, tess la. they basically put electric cars on the map. —— tesla. as you said, countries from europe t
BBC News
Nov 17, 2017 1:30am GMT
tractor trailer. this as china's appetite for green wheels gets bigger and bigger. and a global employee left his job to set up global employee left his job to set upa global employee left his job to set up a proper restaurant in his very own living room. —— mad hatter. welcome to asia business report, live from singapore, with me, mariko oi. ina live from singapore, with me, mariko oi. in a few hours, telstra will be running out its latest creation, the beast. it is a big rig truck that may be able to drive itself. ——. each -- may be able to drive itself. ——. each —— is the chief executive elon musk tweeted this... more on the story, let's bring in mat morrison. i want that, right now. it is uncool. it is uncool. the guy sounds cool uncool. it is uncool. the guy sounds cool. —— matt. he will be watching this latest version of the electronic truck that they are very excited about. their goal here is basically to get a cleaner and hopefully cheaper alternative to what is out there. they are saying batteries could be a big advantage in that regard. the batterie
BBC News
Mar 9, 2017 1:30am GMT
we have hadm other news making headlines, china has granted preliminary approval for 38 new trump trademarks, mainly from hotels, security and they were made during the election campaign before he was elected. president trump already owns 70 trademarks in china and he has pledged not to strike new foreign business deals while in office. it's an annual battle for supremacy in the skies and an international travel show in berlin has shown the world's premium airlines are vying for the attention of business travellers, showing the latest in cabin comfort. but while they are a lucrative demographic, growth is sluggish. we look at why companies are slashing their cash on international flights. a tug on the heartstrings for lovers of luxury travel at this year's itb tourism show in berlin, as a middle eastern airline unveils a new business class aeroplane seat. it's pa rt business class aeroplane seat. it's part ofan business class aeroplane seat. it's part of an industry push to bring home comforts to the skies. what you notice immediately is very very slick technology and slick engine
BBC News
Feb 28, 2017 1:30am GMT
been witnessing a slowdown. —— china. it had gone ahead of that. we heard from the report that businesses are being hit ha rd report that businesses are being hit hard and consumer spending has been hit hard. we really saw the impact during this. we will get a clear indication in a few hours. we will watch those numbers. thank you for joining us. well, $7 billion to be thatis joining us. well, $7 billion to be that is how much saudi arabia's state oil firm is that is how much saudi arabia's state oilfirm is investing into and oil refinery set up by petronas. it comes as the saudi king arrived in kuala lumpur law to kick off a and at kicking off deals. —— multination tour. let us not forget, one month ago this was off the table. this was ago this was off the table. this was a massive reversal and a big save. for the saudis, this puts another crown jewel in their for the saudis, this puts another crownjewel in their or for the saudis, this puts another crown jewel in their or for you. the saudis will also get the right to supply up to 50% of the 300,000 barrel a day refining
BBC News
Jun 12, 2017 1:30am BST
trending on bbc.com. it's a china eastern airlines jet which had to make an emergency landing when one of its engines was damaged. the crew spotted the damage after take off and the plane returned safely to sydney airport. no—one was hurt and the incident is being investigated. that's all from me for now. stay with bbc news. and the top story here in the uk: police investigating the manchester terror attack say they have a clearer idea of salman abedi's movements in the days before he carried out the bombing. now on bbc news, all the latest business news live from singapore. the british prime ministerfaces a showdown with conservatives after losing her majority in last week's election. and live streaming is a multibillion dollar industry, but check out some extreme measures chinese internet stars take to become popular. good morning, asia. hello, world. welcome to another edition of asia business report. i'm rico hizon. it's a monday. glad you could join us. it's a monday. glad you could join us. the former british chancellor, george osborne, has said he does not believe there is
BBC News
Aug 24, 2017 1:30am BST
to a business in china. the ruling of this is, the size, it is not very common. could it be because of the pressure from donald trump regarding intellectual property theft? yes, donald trump did indicate plans to investigate china for intellectual property theft. this is a great move for companies looking to do business in china. counterfeiting not only steals market share but damages the brand. new balance have been around since 1995 and have been fighting so many counter threads. if you look at the pictures, the shoes look pretty much the same. they have got slightly different names, but they are very similar. the storefronts and logos look extremely similar. sports makers seem to be one of the worst affected. another company recently worst affected. another company rece ntly wo n worst affected. another company recently won a court case after there was a logo that looked pretty much identical. this is a problem facing many companies. uncle martian? amazing! you also have the issue with bags, a single a, a double a and a triple a. what can companies do? if we had a segment where w
BBC News
Aug 14, 2017 1:30am BST
north korea. there is a bit of a bump, but nothing to severe. and of course, china plays a significant role in these growing tensions. there have been talks of president trump possibly signing executive orders restricting intellectual property. what is your view on that?” restricting intellectual property. what is your view on that? i think it isa what is your view on that? i think it is a real difficulty because when you have a transactional approach to policy, there is no predict ability 01’ policy, there is no predict ability orframework policy, there is no predict ability or framework they are operating in. it is one of those things, if you help us here we will help you there, so help us here we will help you there, so you can't see what they will try to achieve. obviously they have multiple goals but they are not necessarily compatible. at the moment it looks like he wants to bully china on trade with the hope they will help with north korea. that doesn't seem like a very realistic ambition to anyone in the region. and briefly, before we let you go, we have significant figures
BBC News
Mar 3, 2017 1:30am GMT
last year. donald trump says the controversy is a, "total witch hunt". as china's leaders gather in beijing, thousands of ordinary chinese have been blocked from seeking justice ahead of the annual national people's congress, which starts this weekend. and this video is trending on bbc.com: the indonesia president has taken the unusual step of video—logging his lunch meeting with the saudi king and posting it online. it's the arab monarchs first visit to the country for 47 years. —— it's the arab monarch's first visit to the country for 47 years. how times change! that's all from me now. stay with bbc world news. and the top story here in the uk: policing in england and wales is in a potentially perilous state, with some forces putting the public at risk, according to the police watchdog, the inspectorate of constabulary. business now. off toa off to a snappy start — social media company snap inc surges on the sharemarket debut. and as the chinese super league prepares to kickoff, we explain why it has become football's latest financial superpower. welcome to asia business r
BBC News
Feb 6, 2017 1:30am GMT
to the us market is that it is not a market of volume like india or china itself, the us market is the crown jewels of all smartphone markets as we know it. it's the market of high—value. that is worth it for the smart phone vendors to go into the us, to displace apple, to displace samsung and gain market share from them to gaina very and gain market share from them to gain a very high—value market. the chinese capital, beijing, aims to cut the use of coal by 30% this year to battle against air pollution. according to the state news agency the government will get more aggressive this year and help residents of 700 villages make use of clea n residents of 700 villages make use of clean energy. large parts of northern and central china have been covered in fix for this winter disrupting flight and port operations and schools —— thick smoke. there's been a glut of sell orders this morning on reports the airbag manufacturer has selected key... —— thick smog. ajapanese firm has been looking for support to deal with billions of dollars of recall costs related to millions of p
BBC News
Jan 27, 2017 1:30am GMT
spoke in beijing about why china is a remarkable and attractive market. that has been a huge boost in the market. the amount of chinese travellers coming to australia is 110w travellers coming to australia is now up to1.2 travellers coming to australia is now up to 1.2 million a year. by 2018, it will be the largest tourism market into australia. it has more than doubled since that period. we have also seen a free trade agreement between australia and china, which has really boosted the business demand and business traffic on that route. and we have also seen a big increase in agricultural products in put —— in particular. we know that fresh dairy products will go even further. a bit different. we believe this is absolutely the time to come into the market to make money on this. this decision to reopen the flight route into beijing is obviously driven more by a chinese passengers coming to australia, not the other way around. is that right? the big explosion is with chinese passengers coming in. but with the free trade agreement we have seen the beijing market bring the 11th la
BBC News
Feb 9, 2017 1:30am GMT
president trump likes to bring up, thatis president trump likes to bring up, that is china. the deficit between japan and the us has really shrunk comparative to the us gdp over the last three decades. and japan is going to try to point out that there are massive differences between what was going on then and what is happening now. so, with this fear of a protectionist policy from the trump administration, it seems like the japanese are trying to be more aggressive in, basically, building a relationship with the donald trump administration. well, they don't have much of a joint. back in the 19805, have much of a joint. back in the 1980s, one of the major considerations for tokyo to give in to concessions was the political factor. basically, japan needs washington as a major us ally in its backyard. the seine is today. the situation on that front has not changed. —— autor. things like autos, trade, that is what will be on the agenda. and for analysis of the meeting with donald trump in washington, dc with shinzo abe, you can read more on her blog topic that is on the website, bbc .co
BBC News
Jan 13, 2017 1:30am GMT
from china shy away. good morning asia, hello world. it is a friday, almost a weekend. glad you could join us for this edition of asia business report. i am this edition of asia business report. iam rico this edition of asia business report. i am rico hizon. this edition of asia business report. iam rico hizon. we this edition of asia business report. i am rico hizon. we start off with indonesia where the government has done an about—face on its ban on raw mineral exports. indonesia will now allow exports of more unprocessed minerals, a big change from two years ago when the government banned most exports to force mining companies to process minerals within the country. the president, joko widodo, explained his decision. translation: we need to make sure that our natural resources benefit our own people. that's the founding principle, and oui’ that's the founding principle, and our mining needs to be sustainable and done with respect for the environment. here is more now on the change in the ruling from our indonesia correspondent. joko widodo they're talking about the environment
BBC News
Mar 7, 2017 1:30am GMT
. samira hussain. hangjing used to be china's biggest company, and now it has been delisted from the hang seng index. it is not the only company in the maritime sector feeling the pressure. we have the chief operating officer of a website on line. he told me what is expected. what is hurting the market is the offshore oil and gas services. three companies have gone through liquidation in the last six months and six more are in restructuring on chapter 11 and many more are expected. what is expected to come soon expected. what is expected to come soon is a sea drill out of norway to go through a restructuring of chapter 11. why is that a major problem, the offshore sector? chapter 11. why is that a major problem, the offshore sector7m chapter 11. why is that a major problem, the offshore sector? it was driven by the low oil price since 2014 which has restricted exploration and production by major oil companies and has had a knock—on effect of the rates for these vessels and oil rigs and platforms exploring and looking for oil out in the deep sea. why is it really that bad? we are al
BBC News
Feb 8, 2017 1:30am GMT
down as well. unfortunately moved down as well. but we expect in 2017 that china will be the big player. still. it imported over 2 billion tons of iron ore in 2016. we expected it will import at least 2 billion tons plus in 2017. the momentum will maybe be slower than 2016, but certainly we believe prices will be kept somewhere in the $85 region for iron ore through the course of 2017.m other business news making headlines, india's central bank will review its monetary policy later today in the first meeting since the government announced a status budget and the second since the move to ban cash. any economists expect a rate cut of at least a quarter of a point due to slowing inflation and a responsible budget. joining us from mumbai is... apologies... he has shown up! can you hear me? yes, sorry, i heard your question. the indian central bank is being watched closely. this is the first monetary policy revenue after the budget, which was announced one week ago, and the second monetary policy after india went ahead and banned for two most widely used currency notes. most economist
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