shaped southeast asia and also asia in multiple and also profound ways, depending on where you look. what are some of these ways?” ways, depending on where you look. what are some of these ways? i write a lot about representatives of central powers from germany and austria and also from the ottoman empire, also working with revolutionaries, worked actively to try to undermine allied authority wherever it was manifested, british malaya, indochina and india as well. the neutral countries that were surrounding the colonies were crucial. because germans were able to work with antique colonial revolutionaries as a basis to co—ordinate anti— british. —— anticolonial. the japanese occupation and world war two still leave scars. how did it world war i effect the relationship between china andjapan? effect the relationship between china and japan? world war i was actually very important forjapanese influence in east and south east asia. the british and french had to did vote asia. the british and french had to d id vote resources asia. the british and french had to did vote resource

now on bbc news, live to singapore for asia business report. end for asia business report. attorney general in the wake of the us midterm elections. us midterm elections. and samsung's folding phone. folding phone.

that means central asia and southeast asia. but i hope very much that the links to south asia will strengthen. particularly to india. because the china-india relationship is the most important relationship in the world. and secondly, i hope there will be strong benefits for africa to link up with the big, fast-growing markets in the world, which are now asia. >> actually, if you read president xi jinping's, i would say, monumental statement in the the first meeting, he said, the belt and road initiative would connect with the other initiatives proposed by many other countries. so, we are very supportive of the belt and road initiative. of course, when we are approached for financing the project, we will have to see whether they meet our standards. for us, the three basic standards are as follows, financial sustainability, environmental protection, and the protection of local people's interests. stephen: by the mid-15th century, due largely to more efficient seaborne trade as well as squabbles between the participating states, t

that means central asia and southeast asia. but i hope very much that the links to south asia will strengthen. particularly to india. the china-india relationship is the most important relationship in the world. and secondly, i hope there will be strong benefits for africa to link up with the big, fast-growing markets in the world, which are now asia. >> actually, if you read president xi jinping's, i would say, monumental statement in the the first meeting, he said, the belt and road initiative would connect with the other initiatives proposed by many other countries. so, we are very supportive of the belt and road initiative. of course, when we are approached for financing the project, we will have to see whether they meet our standards. for us, the three basic standards are as follows, financial sustainability, environmental protection, and and the protection of local people's interests. stephen: by the mid-15th century, due largely to more efficient seaborne trade as well as squabbles between the participating states, the o

there's been a huge slide in asia. you can see the nikkei hasjust opened and it is down over 2%, pretty much following from the other markets. the nikkei taking its cues from wall street, where we saw a lot of those apple suppliers falling. in japan, suppliers to apple, murat and others, also declining well over 6%. a slightly different story in australia, they are falling because they are taking their cues from wall street but energy—related stocks are falling and that's because we saw oil prices declining overnight. that is impacting a lot of the australian energy and resources stocks. elsewhere in the region, slides. in korea, samsung and others are falling as well. that is it for this edition of asia business report. let's bring you up to date with our top stories this hour: social media in the philippines is being used as a platform to re—write the country's history and confuse its citizens. we have special coverage. the united nations warns of catastrophic consequences for millions, as the war in yemen intens

the views of india, central asia, and southeast asia on china's belt and road initiative. i am haslinda amin. thank you for watching. ♪ announcer: brought to you by standard chartered. one belt, one road, one bank. ♪ i am a family man. i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. jonathan: from new york city, i am jonathan ferro. this is "bloomberg real yield." ♪ jonathan: investors reassessing what 2019 brings. abandoning hope for a year and rally, the worst year since 2008. looking ahead to the g20, the much-anticipated meeting between president trump and president xi. we begin with the big issue, investors drowning in downside risk. >> the biggest risk is trade. it continues to be trade.

that is one of east asia summit words versus deeds. as matt pointed out, the president pulled out of tpp his third day in office and probably more important has not really replace it with anything material. replace it with the name of a strategy but they haven't, no meat on those particular bones. so i think he will probably say the right things, and try to provide some resurgence. in that sense i suspect a different company one the second when he spoke at the hudson institute several weeks ago. whether the other countries will be reassured are not i think it's less clear because the united states position on the ground at least on the economic front continues to suggest lack of a strategy. so we will see how that plays out. the conference itself, the fee is harnessing inclusive opportunities come embracing the digital future, apec strength over the years has been the promotion of regional integration largely through the development of what might, by consensus of what might be characterized as best practices in the select areas. these

he explained the significance of asia bibi's release. it is a big deal. have been acquitted and should have been executed. been executed. it is a big deal but it is very risky. it is very risky. according to these reports, she has now left the country. now left the country. making a statement, willing to respond to its criticism. respond to its criticism. stop it is true, unfortunately, in many cases. many cases. to be all to leave the country and get asylum. taken place in ukraine. kateryna handzyuk died after an acid attack injuly. who ordered the attack. with their parents. one them said they had been held by anglophone separatists rebels. the rebels have denied involvement. from the mounting violence in yemen. which is nowjust metres from the front line. roughly half of them children — are in serious danger. that has derailed in a remote area in the country's northwest. enroute to a key shipping hub. nobody was injured in the incident. about one and a half kilometre of track has been damaged. in the mid—term elections. washington

welcome to daybreak asia. this thursday, asia-pacific markets are set for strong gains. roughch shrugged off a october. amazon and netflix among the top performers. president trump calls for a new era of bipartisan politics. democrats seek agreements on health care and infrastructure. >> let's get a quick check of the markets close. we saw stocks rallying across the board. three major indices gaining more than 2% across the board. the concern over midterm elections is gone. we saw tech shares leading the gains up 2.6%. health care shares were also up as there was speculation that gridlock in congress would lead to many changes. the s&p 500 in 2.1%. now that the midterms are out of the way, we can now focus on the federal reserve. not really a change expected when it comes to benchmark interest rates. what the fed says will be a key focus not only for investors here but also for those in asia. >> we do have asian markets set up for a risk. not as much enthusiasm as one could anticipate. awi shares are heading for third. we're getting more news from south korea that could

-- -- pivot to asia? >> i think it's fair to point out that president obama did miss one of these summits in 2013 in bern i and in asia but that was in the midst of a budget crisis and shutdown. he did send carrie and attend all the other summits on his watch. president bush had a perfect attendance record for apec during his eight years in office though i think the free and open info specific more than attempts to reassure the region of this region remains strategic priority for this administration , as will. and out of the gate, the administration did a reasonably good job in some ways of engaging saudi asian leaders. four visits to the white house by four southeast asian leaders in president trump's first year in office. vietnam, singapore, thailand and malaysia. followed by president trump's very long trip to the region to attend most of these summits. this year, it seems like that momentum has slacked off and has led to some questions in the the region. >> having tried to get multiple presidents to p

especially in europe, the war really shaped southeast asia, and also east asia in really multiple and also profound ways, depending on where you look. and what are some of these ways ? you look. and what are some of these ways? so, one of the things that i write a lot about in the book is that representatives of the central powers, like from germany and austria, also from the ottoman empire, often working in concert with anticolonial indian and vietnamese revolutionaries, they worked actively in the region to try to undermine allied authority where ever it was manifested, especially in british player and french indochina, and they were also trying to get to india as well. —— malay. the neutral country surrounding the areas were crucial. the germans were able to work with anticolonial revolutionaries in siam, the dutch east indies, and china as bases to co—ordinate and safer internet day british organisations. -- anti—french an anti— british. there are still scars from world war two and the japanese occupation, but tell us a little bit about how world wari tell us a little bi

this is bloomberg markets: asia. -- "bloomberg markets: asia." david: have a look at our gmm function midday as we approach the open up markets. india coming online and they are not opening up to a very welcoming environment. your equity features pushing down. we are coming up today for virtually all the markets. the s&p features have now turned higher. it was quite a session. currency markets, not too much to note today. the bond space is still pushing down on the yields. have a look at the 10 year in china and the two-year with the yield premium that we talk about here fiscally disappearing or close to disappearing when you control chinese and u.s. commodity markets, this is one to watch. given the dislocation that tends to happen in that space when we get market episodes. not saying it is happening today or will happen, keep a close eye on that one. s&p down 3% in shanghai. breaking down the equity story for you. 70% of the blue chips are down in the asia-pacific within the space volumes. we could talk about that later on. you have energy, you

welcome to "daybreak asia." haidi: out of story this wednesday, asia-pacific stocks look set to extend the global set off as sliding oil and week tech ed -- weak tech add to the gloom. demand continues to drag. the stock is at a six-month low.

or come to "daybreak asia." ♪ -- welcome to daybreak asia. paul: here's a look at our top stories this friday, a mixed start for the asia-pacific after declines on wall street. tech and energy lead in the s&p 500 down from a one month high. interest rates remain on hold as policymakers note strong growth, rising wages and higher tariffs. and oil falls for a night straight day in new york with crude entering a bear market ahead of the weekend talks. shery: let as get a bit check of the markets close. the fed left rates unchanged, and we saw the dog giving up of its gains. tech underperforming, the nasdaq falling .5%, and disappointment coming from square and a roku to we have. financials higher. , but at the same time, energy stocks led the decline as paul just mentioned. oil is in bear territory from yard take a look at what the wti has done this year, surging and ground, getting close to $78 a barrel, surging to her to be dollar a barrel level, falling into bear market territory. there are signs right now though, that the market could be ove

welcome to daybreak asia. haidi: our top stories, oil is in the spotlight as producers signal curbs on output. saudi arabia reducing exports starting next month. 10 years after lehman brothers, u.s. banks are still falling short on risk management. alibaba delivers a shopping sensation, singles' day with a sales sales in 24of hours. shery: let's get a quick check of the sales in 24 hours. shery: let's get a quick check of the markets close on friday. there was pressure for stocks as tech shares led the decline and we have weaker earnings pressuring the market, the nasdaq down 1.7%, the s&p 500 lower by energy stocks. 10thost ground for a consecutive session, the longest losing session ever. over the weekend there was signaling from saudi arabia they might cut production. we got some earnings from disney helping minimize the damage in the dow jones which felt .8%. not much happening with futures at the moment, but as long as investors have to wait, including plenty of economic data out of asia. see how things a

welcome to daybreak asia. ♪ haidi: asia pacific markets are set to follow wall street highs. the chances of a trade detente this weekend. president trump is said to be open at a deal at the g20 but says that china will have to step up. ramy: bmw is committed to the u.s. and will continue to invest. we hear from the ceo. we are live from the l.a. auto show. let's get straight to the markets rightthe chances of a te this weekend. now. ast are you looking at today we head towards that countdown for the g20 summit? sophie: we have a few events on the horizon. trump-e focusing on the xi dinner. opec is in focus. traders are wondering if group could keep above $50 per barrel. taking a look at equity markets, asian starts mostly higher. you take a look at the mood in japan. the nikkei up. we are seeing weakness as , we are tracking declines in base metals. a gauge of raw materials from bloomberg shows that they are under pressure, in the lowest level since june. trade very much in focus. little data to detract. the lading game is continuing. kiwi dollar, finding a little support. --

that's it from daybreak asia. our market coverage continues as we look ahead to the start of trade in hong kong, shanghai, and shenzhen. haidi: standby for bloomberg markets coming up next. this is bloomberg. ♪ kong.d: 9:00 a.m. in hong welcome to "bloomberg markets: china open." yvonne: renewed trade optimism. david: president trump lifting the mood, kong. saying things are moving ahead nicely with china. rishaad: washington under pressure. chinese companies accused of stealing chip secrets from macron. m

more to come on bloomberg markets: asia. this is bloomberg. ♪ david: here is the latest business flash headlines. trainunaway iron ore traveling up to 100 kilometers without a driver. it has now halted all train operations in the region and is working with local authorities to find out what happened. dhp said the driver had stopped to investigate a problem when the train took off. -- new so-called whisper jet was launched with great fanfare, but local residents say it is annoyingly loud. swissair promised people that the eight to 20 would be 50% quieter than older planes. critics say the twin engines emit a strange howl as it comes to land and the airport's noise hotline has been swamped with complaints. david: -- a $750 million leverage loan, led by bank of america rather than goldman sachs. the parties have scheduled a november 7 presentation for potential investors, although many details remain unclear. goldman was leading talks on a smaller $.5 billion financing in the week of october 22. yvonne: let's talk through som

asia." me to "daybreak: >> asia-pacific markets facing a weak start. multiyear declines as opec warns demand for crude may slide more than expected next year, but investors see a glimmer of hope. the white house confirms the u.s. is talking to china at all levels. >> we have breaking news out of south korea, the unemployment rate coming in at 3.9% for the month of october, below estimates that it will stay flat at 4%. that was also the figure for the previous month. so it is a better-than-expected unemployment rate, lower at 3.9% in the month of october. there were some concerns about the labor market, of course. we have seen some corporate restructuring and industrial sectors that have hit jobs in south korea that rose to a 4.2% high in august, the highest in nine years. it has slowly been declining since then and for the month of october, coming in at 3.9% and hadr than analysts expected. let's get a check at how markets ended. the u.s. trading session on this equity markets. we could see trade tensions easing between the u.s. and china, but it was o

southeast asia, asia in general, then we do middle east and europe, and america as well. ♪ haslinda: you come across as really ambitious. why are you in such a hurry? robbie: i mean, that is just sort of my personality to begin with. beyond the unicorn, i am thinking how to become successful. ♪ haslinda: robbie, revolution precrafted was born in the philippines, but you want to take it global. where are you in the journey? robbie: we launched december 2015, really launched it at the design fair at miami art basel. we wanted to show the art and the creative aspect. we wanted to position it as an object of art. the most expensive purchase a human being has ever is the house, so we wanted to make it desirable. it has been close to two years since then, and we have closed 11 developmental deals, central america, north america, all throughout asia. we are an almost two years start up, but we have had fortunately for us some good success. haslinda: financing always the big issue for startups, including for revolution. you have tapped the likes of start up 500. who else are you looking in

southeast asia, or asia in general, then we do middle east and europe, and america as well. ♪ haslinda: you come across as really ambitious. why are you in such a hurry? robbie: i mean, that's just sort of my personality to begin with. and beyond the unicorn, i'm always thinking how to become successful. ♪ haslinda: robbie, revolution precrafted was born in the philippines, but you want to take it global. where are you in the journey? -- two goingbal? global -- to going global? robbie: we launched december 2015, really launched it at the design fair at miami art basel. we wanted to show the art and the creative aspect. we wanted to position it as an object of art, really. the most expensive purchase a human being has ever really is the house, so we wanted to make it desirable. it's been close to two years since then, and we've closed 11 developmental deals, central america, north america, all throughout northeast asia. we're an almost two years start up, but we've had, fortunately for us, some good success. haslinda: financing always the big issue for startups, including for revoluti

to south asia. and other projects are moving forward. cease fire, the june cease fire was testing of assumptions. the women of afghanistan demanded it. i declared it within 4 days and it was -- it was implemented with 98% success, 1% was minor variation and 1% was serious because it took places where the conflict had been. >> -- very recent. the coming of over 30,000 taliban fighters to afghan cities went without a single incident. nobody lynched them, nobody attacked them, what does this show? that society is a willingness to move forward and not be stuck in the past. certain societies and very difficult moments of transition need a degree of historical amnesia. over focus on the past could cost us the future but moving forward is extremely important and that assumption that the taliban fighters will never accept was again proven wrong. those are the ones who openly declared that they were tired of fighting. and most critically done once all the justifications are gone, the fight today is no religi

asia's markets have just opened for trade. and i'm sophie kamaruddin. welcome to "daybreak: asia." haidi: our top story this friday. looking to extend that rally. watch out for a chipmakers. still planning higher tariffs on china in a matter what happens at the g20 talks later this month. sterling falls and theresa may bowing to fight on. u.s. futures under pressure right now. the s&p 500 gaining the most in one week, rebounding from five sessions of losses. let's see how all of this will affect the stock market. sophie. we are seeing a mixed picture at the start of trading in tokyo. nikkei 225 opening. keenly shares have pointed to losses set for decline. gaining ground up 2/10 of 1%. it is set for the first three week in advance since june. lowering their gdp for -- growth forecast, tightening financial conditions. october export data from singapore. this comes for asia's worst-performing quarter to date. when it comes to stocks to watch in the region, keep an eye on japanese machinery makers. off by 1.3% this morning. softbank under pressure. in nvidia. stake sk hynix gaining so

haidi: asia's major markets have just opened for trade. shery: welcome to "daybreak: asia." haidi: top stories, asia-pacific markets facing declines after a friday session. opec and its friends signaled renewed output area saudi arabia will -- output. shery: alibaba delivers a shopping sensation. 24 billion of sales in just hours. let's get started with how the monday session is looking. a stronger dollar, not to mention that wall street closed lower. what are you watching today? >> it is like haidi said. as the day progresses, it is worth watching. just to talk a little bit about friday, about 1% lower. there is a little bit of concern about china's growth with car sales dropping. people are concerned with growth in china. single day sales were coming in at $30 billion. if you want to jump on the bandwagon, there is a chance that we might see a little bounce in hong kong and china. haidi: there is a lot of event risk. >> absolutely. there is so much going on this week. i would be watching brexit headlines. earnings, andh also the fact that it is a tech stocks. on.e is a som

see a rally today in asia, a bit of a rally in asia. in thethe other move dollar and treasuries, we could see a positive in the rate hike cycle. we are going to hear more next week. we are seeing a dovish shift in the fed? need to see a lot more. there are suggestions the fed is considering the neutral rate is around 3%. if that is the case, that is slightly more dovish than we were seeing a few weeks ago. fed people were saying they were ready to go into restricted territory. restricted territory would mean rates higher than neutral. seewe are seeing people may the rate more like 3%. that would be a change. there are several analysts including goldman sachs pushing back and saying, no, we do not see this. the american economy is strong. we are going to see several rate hikes. certainly people will be quick to latch onto the idea if the fed is not going to go much beyond 3%. that would be new information. it could be quickly priced into the market and the dollar would be one of the first places where you would see a reaction. shery: wha

across the asia pacific. futures are also pushing up. i should mention that when you look at the u.s. futures are down a little bit. that's down to the apple story and dragging down that contract. at this point in time. the other story and we'll tell you all about it a bit later on is when it comes to oil prices. and quite a bit decline that we had overnight into where we are at the moment. just given reports that the u.s. might be allowing the likes of indian and south korea a little more leeway in terms of their imports of iranian crude. that's the broader look across markets. here's the sort of intraday moves we're seeing on the hang seng index that takes you back to 2015. three days of gains. this bit that you see right here, essentially put that together. we're looking at 5% or 6% gains together matching what we got at this point in time when we were looking at what six day and six or seven percent gains. 500 points a day. and 26,000. right. we're up for a fourth day. which is probably also a good time to have a look at our momentum

. ♪ haidi: this is "daybreak asia or go -- daybreak asia." biggest assembler of apple iphones is aiming to cut nearly $3 billion of cost in 2019. in an internal memo obtained by bloomberg, foxconn warns of a difficult and competitive year. to watch when taiwan opens. >> are we surprised, really, after all of the negative headlines surrounding apple in the last few weeks or so with the supply chain? foxconn is the latest in a apple of news for the supply chain. we wait for the share price to start reacting to this news. you can see on the screen, over the past five years, if you had gotten in in 2013, you would have gained a lot and then lost pretty much everything and then some. is down 53% since its record high, now its lowest since august of 2013. lamy give you the details from the cost cuts at foxconn. -- let me give you the details from the cost cuts at foxconn. they are going to cut iphone 6nks businesses by about billion yen. they are going to -- by about 6 billion. they are going to cut 10% of the non-technical staff. is a lot of earni

. >> welcome to daybreak asia. our top story, asia-pacific markets look to extend the rally in new york. watch out for chipmakers. theresa may bowing to fight on as brexit hardliners have a vote of no-confidence. wilbur ross is the u.s. still plans to slept tariffs on china matter what happens. despite the comments, we saw more optimism that trade tensions could be easing between the u.s. and china. here's a look at the markets. just the fact that china and the sending theking, tech shares higher. the trade related sectors like industrials also higher. the s&p seeing the best day in a week. the dow gained as well. the nasdaq gained 1.7%. s&p futures at the moment slightly down but they were higher at the open. fluctuation area it all of that will play into what happens in asia. >> as we start off, the cash trade in signal -- sydney we are seeing gains. there are potential pitfalls ahead. brexit fears. we have korean media reporting that they tested a new tactical weapon. we are also watching japanese toolmakers. wa

we think it is going to get rse before it gets better in asia. particularly china in the first quarter of 2019. yousef: i want to get your view as to what we can really draw in terms of lessons from what is happening in some of those u.s. - momentum starts. the latest example of how this darker outlook for growth that you point out is trickling through and what is going to stop this? they came and they went and made things worse. midterms, no. falling yields definitely didn't help either. what is going to stop this? >> i think it is tough -- one thing i think to think about is the stocks did go up a lot. it is not surprising to see some correction. ultimately i think things that are going to stop this, one, i think keeping is going to be policy. think when the fed ultimately pauses and most view that will happen after a hike in march, and i think also probably around that time as china growth and particularly property market comes up more, we will see more significant china policy stimulus. i think the combination of those two things bust plus ev

us to talk crypto all that ahead but first we had some headlines let's go economic summit tree and asia leads our global report to do. a as the u.s. and china take their turbo trade and tariff show on tour making no progress on issues at the asia pacific economic cooperation summit or apec and pop out new guinea almost as soon as u.s. vice president mike presents a writer for plymouth a packed meetings he restated u.s. grievances with china and stayed on message throughout the week and earlier today mr pence wore an asian nations against an gaijin in china's vaunted belt and wrote a nation of saying we don't drown our partners in a sea of debt we don't coerce or compromise your independence we do not offer a constrictor in belt or one way road stay tuned this week for more from the apec summit and the region and staying in asia nissan motor company has forced chairman carlos goan out after he was arrested he was arrested for alleged financial crimes nissan says internal auditors discovered evidence of efforts by mr groan to mislead his colleagues at nissan quote over many years before t

in asia, economics is security. if you're not playing on the trade issue, not playing. >> to bring this back to japan, i know michael green is not here, but you did mention that vice president pence is not doing the formal trade engagement. i was wondering if you can comment on the fact that there was an article could sit -- an article today on comments about hitler and how much that's an influence? >> on the first part of what you said, vice president pence was very reluctant to be the principal person responsible, for any particular policy issue, i think he was trying to take the joe biden approach of being the advisor on everything. he didn't want to do it vice president recorded of being in charge of the russia relationship, or government reorganization. he had the arm twisted to join this. and the prime minister really wanted that high level of engagement. it was never a comfortable arrangement. the economic dialogue never had much in it. and it has now been effectively assumed by these bilateral trade talks wh

people are not eating well, particularly in asia, whether thatis well, particularly in asia, whether that is diabetes, obesity or food that is diabetes, obesity or food thatis that is diabetes, obesity or food that is degrading our water, soil and land. we need to think about it and land. we need to think about it and think about a new way to feed people well. these are plant -based products, have you think it will be accepted in here in asia? there are two reasons. the reasons people are not eating well is because the building blocks are not working. we do two things, we find plants that we throw into a pen that scrambles and 80. we also take a single cell from an animal, a cow or a chicken, feed it nutrients itself and manufacture a clean, healthy green metre. this is also what you call cultured meat. —— meat. according to surveys in the united states, three out of ten consumers will not plant —based products or cultured meat. out of ten consumers will not plant —based products or cultured meatlj am —based products or cultured meat.” am from alabama, they care about a f

of toys r us asia a deal earlier today which separates the asian unit. from toys r us incorporated while enlisting an eighty five percent buyout from shareholders in parent company truett l l c fung retailing toys r us original regional partner they will retain a fifteen percent share toys r us asia says the reconfiguration will allow the company to not only survive but even expand andre hobbit as president of toys r us asia pacific said the deal quote means that our current shareholders both funny retailing and the taj note holders are focused on only one thing the development and growth of toys r us asia within our countries. and as black friday approaches and retailers are getting ready or many might already be ready for increased fourth quarter sales which will be the winners and losers here to help us understand as hillary ford which the c.e.o. of stroll mark hilary welcome back another topic another day and we know you're going to be great on this one looking back we what do you consider sort of the best years for retail and then what do we expect

it is asia, glad you could join us for another exciting addition of asia business report. i'm rico hizon, we start with the stock markets and the global sell—off has continued in asia after steep declines in technology stocks and oil on wall street, and that's over rising concerns about slowing global economic growth. let's look at the stock indices in the asia—pacific in early trade. the nikkei 225 down by 1.3%, and syd ney‘s the nikkei 225 down by 1.3%, and sydney's all ordinaries index in the red by 1.2%. having a quick look now at wall street, the dow jones having a quick look now at wall street, the dowjones industrial average falling by 551 points. the snp 500 giving back 1.8%. the nasdaq in the red by 1.7%. snp 500 giving back 1.8%. the nasdaq in the red by1.7%. in snp 500 giving back 1.8%. the nasdaq in the red by 1.7%. in the energy market, we're seeing a bit of a recovery in asian trade for light crude and brent crude, but overnight in new york, they were down by more than 6.5% respectively for light crude and brent crude. the bbc‘s new york business repo

good morning, asia. hello, world. welcome to this friday edition of asia business report. i'm rico hizon. well, we start off with the pound, and it is tumbling down against world currencies, such as the japanese yen and the us dollar, as the uk government is in crisis over the uk government is in crisis over the brexit agreement with the european union. in the face of a series of ministers resigning and the threat of a no—confidence vote, prime minister theresa may promised to get a deal signed off in brussels and put it to mps in parliament. one of my cricket heroes was always geoffrey boycott and what did you know about him? he stuck to it and he got the runs in the end. for more, iam he got the runs in the end. for more, i am joined he got the runs in the end. for more, iamjoined by he got the runs in the end. for more, i am joined by mariko. he got the runs in the end. for more, iamjoined by mariko. how he got the runs in the end. for more, i am joined by mariko. how is it faring? it is not doing well at all. as we both know, uncertainty is something markets don't li

good morning asia, hello world. it is monday, the start of a brand—new trading week. that is join us for another session of asia business report. we start with china's alibaba report. we start with china's aliba ba and it report. we start with china's alibaba and it pulled off a record $30 billion of sales on single state. the, strahan saw its sales reaches new high, but it's growth dropped to its lowest ever read. that is correct. we are seeing the same thing in the region, a slight dip in the total volume of sales. and it is still a large increase. we are talking about 237% increase competitive previous week. as the event that sure is, year after year, will its growth rate slowdown? adam king so. i think there are multiple factors that sure this will continue. 0ne factors that sure this will continue. one of the key point is that we are seeing more and more purchasers being done through applications. this you were to have 40% increase week on week in the application alone. the china continues to face new challenges. we have new arrivals in the e—commerce base. as

>> in asia. number one, the long-term growth of asia remains tremendous. secondly, earnings remain in my bash good shape. have a more optimistic earnings picture for 2019. violations have already adjusted. around 1.5 at variations. analysis shows that the average would be around 20%. to buildery good time strategic positions in asia. you are sticking to your income stock focus. tell us more. >> under the current investment environment, considering both upside and downside is very important. strategy, focusing on value. it makes a lot of sense. a more balanced portfolio, it makes a lot of sense. from widening interest-rate margins, higher loan growth and quality. hand, a lot of them , the opportunity emerged. saying this is a very as analance, as well attractive deal. the heard of emerging-market bulls, it is looking more crowded every day. these expectations that we are going to get more of a dovish fed. is that still an opportunity? >> first of all, in terms of the negative, there are a number of negatives this year. that all of these factors have already

lots more to come on "daybreak: asia." this is bloomberg. ♪ this is "daybreak: asia." i'm haidi stroud-watts. haidi:-- shery: i'm shery ahn. the new york fed president is the latest fed official to share his take on interest rate policy. >> unemployment is very low. the economy has a lot of good, positive signs. for us, it is just keeping a good balance, keeping this economy strong and stable. we, will likely be raising interest rates somewhat but it is really in the context of a very strong economy. >> he was speaking in new york, adding that the fed is not locked into a preset course. our fed reporter was at the speech. did we get anything new from his comments? >> nothing hugely new. what we got from his comments was the identity the -- idea the economy is still strong and they will be cautious in hiking rates. he was careful not to make it sound like they will be too aggressive in their path forward, which is very much in line with what we have been seeing from speakers over the last couple of days. >> just before williams gave the speech, we got the biggest drop i

more to come on daybreak asia. this is bloomberg. ♪ quite welcome mat, world leaders are arriving into -- argentina for the g20 summit. issues like climate change in focus. erik schatzker is there and asked the economy minister about the host country's role in finding consensus. it is not to strike the deal between the leaders but broker the different possibilities. erik, what is that stake -- at stake? at stake.t is argentina needs to do everything global tradee tensions, argentina is an export dependent economy and so is the rest of the world. the rest of the world is slowing, the u.s. economy may be growing but the u.s. economy is fairly unique and as much as it is not as export reliant for as much of a share of its gdp as the rest of the world. that is why trade is a key issue, that is why there is such an intense focus on the dinner saturday night between president president trump and the hope they can resolve their differences and lay the groundwork for an agreement. a revised trading relationship and inves

the south asia strategy. conditions based strategy in afghanistan that according to the administration is different than what the strategy was before. after visiting and asking the question to military leaders, to the ambassador, to afghan leaders, it is still unclear to me what has been accomplished in the south asia strategy over the past year. i have renewed a strong call to the administration to give us the progress report sooner than later. i think it would be good for president trump to visit afghanistan. there has been chatter about whether or not this is an will visit a war zone. it would be healthy for him to go to afghanistan and meet with military leaders, just like i did with the bipartisan delegation i lead. this president could put more of his weight behind the situation and bring it to a strong and successful conclusion during his administration. he would be a champion for that, if he did so. host: should he have done that visit already? guest: i have not been critical of him for not visiting a

central asia's energy rich and asia is energy poor. on the electricity side, south of thely has 1/20 installation of the generation capacity of the world. even if you increase the energy capacity five times, you just bring it closer to the world average. we saw a bit of that movement as the president talked about. in terms of the data, if you look at half of the world internet service is from europe to asia. because of the route it has oceans, ithrough the takes a day to peck at 130 milliseconds to go from europe to asia. every millisecond is worth about $100 million. these were the key elements that we are looking at. some of the key elements we started back in 2014 was changing the rules and some of the laws of the country. we had thest time, private sector investing in electrical generation, transmission and distribution systems. similarly, on the data, we broke the government monopoly that could bring fiber optics and installations and owning of it. now any company foreign or domestic that can do this -- and we idea was what other

no good news out of asia,. >> bloomberg news asia equity leader, not a good day for asian trading if you are investing in any automakers trading in japan. nissan is down 6.3% at this point. 1400 is the average daily trading by him this year, it was a delayed start as the markets struggled to find a match with those cell offers outnumbering the buy offers, mitsubishi is also seeing some of treating there as well, all of this on news of carlos gohn's arrest. we had the stark news conference from the ceo seeking to distance the copy from the allegations. 5% decline atoint the start, close to the session lows at this point. the latest report coming from nhk reporting that nissan spent several billion on multiple homes for carlos gohn. we will continue to watch that story, it will be the major story today trading in asia, also watching out for some of these apple suppliers as tech continues to see a downside. this is bloomberg. this is bloomberg. our next guest said it is important to look beyond short-term sentiment and see volatility as an opportunity. with us is our guest from hong kon

we have 2000 staff, 2000 25,000 in in asia, india running the bank. asia is vital to us. rishaad: we should highlight this is barclays international. there not talking about u.k., which is another matter. about theking corporate bank, investment, etc. we are europe's largest inverse bank, thenvestment sixth largest in the world. i like someone to explain how you can maintain that without have a strong insights in asia and a strong asian business? you know the banking model is in asia waxes and wanes. but we are deeply committed to this region. we have had bad times, but we are through all of those. i gave a reception for our hong kong staff last night, and i was delighted by the enthusiasm. some of these guys have been on a rocket that went up, went down, now they see it going up, and everybody was positive. rishaad: how does it go up again? do you get involved more heavily in china? the rules have been relaxed for your entity. are you planning to do that? gerry: we are developing plans. i am going to a strategy session on the asia-pacific after. i am not expecting anythi

us to talk crypto all that ahead but first we had some headlines let's go economic summit tree and asia leads our global report today as the u.s. and china take their turbo trade and tariff show on tour making no progress on issues at the asia pacific economic cooperation summit or apec and pop out new guinea almost as soon as u.s. vice president might presents a writer for plymouth marry a packed meetings he restated u.s. grievances with china and stayed on message throughout the week and earlier today mr pence warned asian nations against an gaijin in china's vaunted belt and rode a nation of saying we don't drown our partners in a sea of debt we don't coerce or compromise your independence we do not offer a constrictor ring belt or one way road stay tuned this week for more from the apec summit and the region and staying in asia nissan motor company has forced chairman carlos go on out after he was arrested he was arrested for alleged financial crimes nissan says internal auditors discovered evidence of efforts by mr goen to mislead his colleagues at nissan quote over many years befo

the chief economist for the americas and asia. the markets.ook at the asx 200 is down for the second consecutive session. futures on the nikkei and kospi are looking higher. we will have more next. this is bloomberg. ♪ haidi: asia's major markets have just opened for trade. shery: welcome to daybreak asia. haidi: the tech talks wrap up as the u.s. and china trade comments. shery: theresa may fights for survival as her enemies threatened a revolt. brussels says the u.k. transition period could be

let's have a quick look at the asia—pacific markets. we start off with the nikkei 225 up marginally by 25 and the all ordinaries index down 29 and the hang seng gaining 55 points in early trade. a volatile friday after wall street sees off after trump's tough talk on trade. thank you so much for investing your time with us. i'm rico hizon. sport todayis time with us. i'm rico hizon. sport today is up next. this is bbc news. the top stories this hour: donald trump's former lawyer michael cohen has pleaded guilty to lying to congress about contacts with russia. president donald trump has just arrived in argentina for the 620 summit of world leaders. he is due to meet china's xi jingping on the sidelines to try to resolve the us—china trade war. the funerals industry in britain is to face a major investigation after the competition watchdog found prices have soared by two thirds in the last decade. personal finance correspondent simon 6ompertz has more. not justified, that's how the competition regulator describes the experiences of bere

hello and welcome to asia business report, i'm sharanjit leyl. the us fed has kept interest rates on hold and while the decision was widely predicted, that doesn't mean markets we re predicted, that doesn't mean markets were entirely unfazed. shares in asia have followed on wall street's lacklustre lead in a sign analysts continue to expect a hike next month. meanwhile, oil prices have slipped further as traders focus on rising global crude supply, and this comes as i nvesto i’s rising global crude supply, and this comes as investors continued to digest the outcome of the mid—terms and the firing of attorney general jeff sessions. let's look at the asian markets and how they've opened. they are lower, the nikkei expanding on some of those earlier losses. lots of concern there about the volatility and instability in the volatility and instability in the markets. market strategist michael mccarthy gave me a rundown of the fed announcement. this is a much more moderate statement from the fed than the markets were expecting, and in particular the

in asia, they want good education. even when there is a lot of cut down on and -- on consumption, they will not come down education. that is why his resilient. so back to your point about which sectors are interesting, i have been investing in nurseries, kindergartens, schools, private in -- universities. they all have different characteristics and growth. providersl service and younger education, k-12 training also interesting. rishaad: if it is that lucrative, why isn't it more crowded? >> i think it is the nature of the industry. the k-12 market in china is one example. the top five players comprise 5% of the market. think about it, you need to invest, you need to find a place, you need to invest and accrued the teachers, create content, and then start to recruit students. there is a process. the result is long-term. that is why there are a lot of players. it is definitely time for service -- certain businesses. david: something you were looking at which surprised me, because it does not seem to be a problem yet, hi