and southeast asia. following a key not notice dress from secretary still will have a moderator discussion in that a panel at the office with on their research. before a hand the floor to david to further notice to meet. bookings disclose as the precipitation of its scholars. scholars do that work on their own time in off the process there is an important part of our strategy. we disclose that on our website, you can go to scholars bioscience either affiliations. as of now we have scholars advising biden, harris, and buttigieg campaigns and scholars serving the trump administration. part of a tradition at the working scholars has served in every presidency since fdr. i would like to thank the foundation for this. david thank you for spending time with us today. over to you. good afternoon it's great to be here and see all these friendly faces. i would like to call out ryan house who recruited me for this duty i am grateful for him he is the d.c. and in beijing who taught me more about china than i ever l

we have talked a lot about asia. i would like to ask if what is happening in latin america, how you see it applying to china's relation with asia? president bolsonaro in brazil was against china when he was a candidate. and he was very outspoken about his thoughts negative thoughts about china. he recently visited china. and he came back so pleased with china that he said the chinese citizens will no longer need a visa to go to brazil. and he just received, two weeks ago, the huawei co in brazil, in his presidential office. the huawei ceo in his present office. i wrote an article saying that latin american and caribbean are going a chinese garden. because china is investing massively into the region and helping these countries develop and grow. and prosper. bolsonaro was of course cozying up to president trump. he made a love statement to preston trump. but now he's making a love statement to president xi. because of chinese investments, that latin america and the caribbean desperately need, like the president of the

we have talked a lot about asia. i would like to ask if what is happening in latin america, how you see it applying to china's relation with asia? president bolsonaro in brazil was against china when he was a candidate. and he was very outspoken about his thoughts negative thoughts about china. he recently visited china. and he came back so pleased with china that he said the chinese citizens will no longer need a visa to go to brazil. and he just received, two weeks brazil, inawei co in his presidential office. ceo in his present office. i wrote an article saying that latin american and caribbean are going a chinese garden. because china is investing massively into the region and helping these countries develop and grow. and prosper. course cozyingf up to president trump. he made a love statement to preston trump. but now he's making a love statement to president xi. because of chinese investments, that latin america and the caribbean desperately need, like the president of the medic and republic told me, why he nee

when it comes understand what's happening in the pacific, particularly in the asia-pacific asia-pacific, i think there are two figures that helped me a lot to frame the question and possible answer. one is of course the late leader, he was not wide right in everything that he got china very much like any was a bridge between the west and east especially comes to engagement with china and the other one is my favorite philosopher walter. one of the observations li kwan made which made a huge impression on me was the rise of china especially for is so dramatic that is not going to only require tactical balance of power adjustment it's going to change the system itself because of the sheer size and influence in the vision of china. and we feel that very much in southeast asia, that this is not just another rising power but this is going to change the rules of the game. we're beginning to feel that now as we enter what we can call a strategic inter-agency in east asia. walter talked about how after every fascism is a failure of revolution. i'm not saying china is a fascist but what i'm tryin

for example, many japanese companies relocated their factories in china to southeast asia or south asia. the number of japanese citizens living in china have been decreasing from 150,000 in 2012 to 124,000 in 2017. meanwhile, the number of japanese in the united states have increased from 410,000 in 2012 to 426,000 in 2017. blue line is japanese staying in the united states and red line is japanese saying in china. so therefore, given that for japan, china is threat, china is going to be loser, for japan, strong u.s. policy toward china is welcome. japan is right to be on the side of the united states. thank you very much. >> thank you. i think you will agree we had four terrific presentations. they ran a little bit over our targeted time but that's okay. as i understand this, we have until 1:30 at a minimum but maybe can slip over a few minutes if there are urgent questions or comments. ground rules are very simple. i would ask you if you have a comment, a question, to identify yourself and your affiliation, please, and to direct your comment or question to one or more of the panelists

good for asia in general. you will start to see some adjustments going on where some of the laggard markets start to do better and certain sectors, which were falling behind, will see new interest or generally speaking, people will start looking ahead to 2020, thinking it will be a good first quarter. and that generally favors equities and that is not an unusual way for a year to start. much more optimistic than we were 12 months ago and we had such a terrible end to the last year. we are looking ahead to people putting money to work and that should be good for 2020. paul: china's prime loan rate is going to be in focus again today. the expectation seems to be for another gentle trimming, right? mark: indeed, we saw the 14 day repo shaved by five basis points this week. he has been a general trend from the pboc that they are gradually cutting away all the different monetary levers they have. it's part of a process going on to get people used to this different tearing effect. it comes towards the high-end of th

beard cory's in india all sweatshops in bangladesh everywhere across asia workers' rights environmental protection and children's health is being disregarded by global companies at the source their products in the region the german government asked $3000.00 textile retailers and producers to voluntarily clean up their supply chains in suggested a self police licensing option with an official certification that companies can apply for skin was called green button and only less than $100.00 companies were willing to sign up for it they would have had to fulfill a total of $46.00 criteria to do with environmental protection and workers' rights apply alongside the entire supply chain so different companies would have to prove that their products made by child labor that they pay a minimum wage and implement safety rules but as already mentioned this is a voluntary set of occasion that only applies to the textile industry lukewarm response prompted human rights organizations and trade unions to call for a lot to cover the supply chains of all german companies or lynn is now looking into legi

up on bloomberg best, the year's most compelling conversations on business, finance and politics in asia. there was no skipping the trade tensions that cap china and the u.s. at odds. -- cap's china and the u.s. at ept china and the u.s. at odds. may combine [inaudible] >> these interest rates are low for a prolonged period. that wascal leaders challenges both internal and external. >> how long are you willing to take before you take legal action? >> we are very patient. like china is allowed to have industrial policy. >> all central banks are moving towards lower rates and i don't think china can escape that. warhe headlines, the trade has put america on their heel as far as investing in china. facedancial leaders have in the economic future. >> medium term policy continues to be positive. >> it is straight ahead on this special edition of bloomberg best. >> hello and welcome. on this special edition of bloomberg best, we will look back at 2019 in asia by revisiting some of the year's most interesting interviews with newsmakers, policymakers and leading figures in business and finance w

i am not so keen on australia, but asia. i'm not very keen on europe, but i am keen on the united states. haslinda: are you keen on gold, jeff? goldve goldman saying would get to 1600 and it has been a huge surprise for gold, no? yeah, i got gold so totally wrong this year. i thought it would be closer to 1400, 1550 this year. on that.hands up maybe you need to use me as a reverse leading indicator. gold is above 1521 and it wouldn't surprise me if we saw it up to 1530. this is all on 10 volumes, so i struggle to see how gold will remain an exciting place to park 2020 unless the world situation deteriorates geopolitically. when you get in 1.9% on a u.s. 10 year treasury. to me, it is a bit a logical and we still haven't seen a big selloff in the u.s. dollar that would be supportive, either. the holiday move in gold above 1500 with a grain of -- wrong atstart at the start of 2019 and who knows, that might be the case now. haslinda: doesn't all this go against the flow. jeff, hang tight. carlos ghosn, saying he is in "riggedan

asia-pacific is a good place to go. yvonne: in terms of the consensus when it comes to the earnings forecast, still 13% for 2020. is that still achievable? we've been talking about low teens. >> yes, consensus right now is high. 2019 is around 1% consensus. 2018 was 4%. whether we can achieve might begit, 13%, it too ambitious. we see some downward pressure on that. yvonne: thank you. clients, our mliv surface is open for you. in.your forecast this is bloomberg. ♪ ♪ tom: welcome back. you are watching "bloomberg markets: china open." hsbc has agreed to pay $200 million to resolve the decade-long u.s. tax investigation, and it admitted it helped american clients cheat the irs. 2000lates to conduct from to 2010, and follows years of battles against swiss banks and u.s. taxpayers over undeclared overseas accounts. his owntting advertising agency with three independent directors in a dispute over how to address accounting problems at the company. as it cut its profit forecast after a review by pwc found irregularities w

in the asia-pacific in hong kong. this is bloomberg. ♪ rishaad: you are black with bloomberg markets. one of the most highlight -- heavily anticipated, the price shares thursday in what is expected to be the biggest public offering. the kingdom is searching for a two dollars trillion blockbuster define as the transformation of its economy. things have not gone entirely to plan. ♪ than anyes more profit other company in the world. and pumps more liquid than five of the biggest oil companies combined. its petroleum reserves could fuel the entire u.s. for 30 years. what should be valued at? it's complicated. saudi aramco's fortune starts with a well, number seven of the persian gulf in 1938. venturen, it is a joint between standard oil of california and texaco. the company flourishes. eventually transforming into a state owned giant. much of that is down to the price of oil. as the desert kingdom grows richer, a new generation seeks to transform and diversified the nation's economy. how will the dream be funded? list

asia." paul: our top stories this friday, aramco raises $25 billion and is valued at 1.7 trillion dollars. ipo pricing comes as opec agrees to formalize output restrictions. nancy pelosi turns a screw on president trump. the impeachment process is on the fast track and about may come before christmas. shery: blackstone says geopolitical tensions remain the biggest threat as we head into 2020. we hear from steve schwarzman this hour. is ready markets have open for trade. what are you seeing? steady, butholding still on course for a more than adding moreop after pressure to the earnings outlook. totralian companies expected see the worst profit growth in 2020 where southeast asia is forecast to come out on top, followed by india, even in the face of expansion. nikkei futures are pointing ther after japan joined physical spinning bandwagon. today will get it gauge on household spending as well as wages. as were waiting on news from opec as promised by the saudi oil minister after talks didn't c

welcome to "daybreak asia." paul: our top stories this thursday, house democrats lay out their case for impeachment. in outrage, president trump compares the proceedings to the salem witch trials. micron jumps on strong quarterly .orecast indonesia decides later thursday while the boj starts a meeting. a straily markets have just open. sophie, what are you seeing? markets have just opened. saw steepening for u.s. bonds, pushing the u.s. 10-year yield to a five-week high, and the kiwi dollar off about .1%, reversing the earlier spike we saw on the back of new zealand hosting a faster than forecast gdp report on a quarterly basis, which may provide relief to the rbc. nikkei futures holding steady. we're expecting a mixed session in asia as we have plenty of rate decisions on tap from indonesia, taiwan, hong kong, along with the boj meeting under japanese as we see stocks perhaps getting a little more love from investors, but not to be loved just yet. investor view on japan is improving slightly with net 6% of glob

welcome to daybreak asia. top stories, asia-pacific stocks facing trade fears. 's on brazil and argentina, warnings of additional duties on china. beijing hits back at president trump's support for presidents -- for protesters in hong kong. rba decision day. they are expected to keep rates on hold. the threats facing the australian economy are still there. markets incross the asia, let's get to the action. is off, declines of more than 1% for tokyo stocks. 1.25%.225 up -- off by latest, traders waiting for a tenure option as we keep closer to the 0% level. checking on kospi, off nearly 1%. another market moving towards the lowest since october. revised third-quarter from south korea, we saw 2% year on year growth for that timeframe. pressure, coming under , falling the most since october 3, as much as 1.9% while bonds are extending the kleins pushing the 10 year yield above 1.1%, aussie dollar trading near a two-week high, consolidating ahead of the rba decision. stronger language around further easing. the kiwi dollar losing some momentum after breaking 65 over

welcome to daybreak asia. paul: our top stories, volumes are low but sentiment seems high as markets in joint a year in recovery -- enjoy a year in recovery. there is less optimism in hong kong. the financial secretary said the economy is set to end the year in contraction as months of protests take their toll. there is course for massive evacuations in australia as wildfires continue to burn amid a heatwave. shery: starting with breaking news out of south korea, we are getting industrial reduction numbers for november, contracting .5% is missing esti. it was expected to stay flat. it is a stabilization after a fall of 1.7%. the previous number for october was revised higher, contraction of 1.6%. we are talking about a contraction of 0.3% year on year, a stabilization from the decline of 2% in the previous months. we have seen some signs of stabilization in the wider region and china's industrial profits showing a rebound of 5%. more signs we could see stabilization in the region. up for then exports first 20

that is it for daybreak asia. markets coverage continues as we look ahead to the start of the trading this week in hong kong, shanghai, and shenzhen. berg marketsy for china open. this is bloomberg. ♪ whether you're out here on lte. or here on a wifi hotspot. xfinity mobile has more coverage to keep you connected to what matters most. that's because it's the only wireless network that automatically connects you to millions of secure wifi hotspots and the best lte everywhere else. and now get $250 off when you buy a new samsung phone during xfinity mobile beyond black friday. plus, you can save up to $400 a year. click, call or visit a store today. tom: welcome to "bloomberg markets: china open." i'm tom mackenzie. david: i'm david ingles. we are counting down to the open of your trading week and hong kong and on the chinese mainland. let's get to your top stories. stocks across the region on the up as china outlook brightens. the manufacturing pmi numbers shows expansion for the first time since april. tom: hong

you are watching "daybreak asia ." paul: our top stories this friday, asian investors are hoping for gains as christmas cheer gives u.s. markets a bump and boost. it is mixed for japanese eco-data. factory output fell again. retail

globalchnologies asia-pacific president. masayoshi son efforts under scrutiny, we will look at the growing doubt of japan's big banks. this is bloomberg. ♪ loomberg. ♪ asia.: this is daybreak i am paul allen. kathleen: i am kathleen hays. the leading banks growing comfortable with softbank founder also you she sown in his vision fund. we spoke to executives of major lenders after a series of high-profile and costly setbacks. asia's top executive editor peter elstrom joins us from tokyo. what is the relationship now between masayoshi son and his bankers? it is important to understand this relationship goes back decades. he got his first loan from a predecessor when he was just 24 years old in 1982. since that time he has evolved into one of the most successful business men in japan. he has taken risk after risk, built business after business, borrowing money from banks and then paying it back. he has been a great client, the biggest generator of banking fees in japan. he has borrowed billions of dollars. the relationship

that plan may show a focus on asia. starbucks chief executive officer could be set for a $50 million cash bonus if the stock companiesof s&p 500 over the next three years. his payout will be reduced and eliminated altogether if it is less than 40% of its peers. the chief operating officer has terms, high-caliber leadership. have a look at one company making waves and has become juliette's stock of the hour. slumpte: we are saying a in this drugmaker from korea which produces a lot of pharmaceutical products including anna biotics, and beverages. says they will end their diabetes research to focus on other areas such as cancer, and that has seen the stock fall as much as 11%. you can see it down 6.5% at the moment. ceo -- it is down 36% on year. when it comes to broker recommendations, it is strong on the korean pharmaceutical stock, 17 buys, but having a tough day today on this news that apple enddiabetes -- that it will its diabetes coverage. that is not pleasing some of the investors. we are pretty much where we were

we are revisiting the year's top interviews in asia. we heard from many of asia's top central bank officials about the role of monetary policy during a global economic slowdown. in june, the boj governor told kathleen hays that even after years of massive stimulus, the boj still has policy ammunition left to counter a downturn. >> the economy as a whole is doing well, but there is suffering so that local banks faced with this trend, so we -- degrading trend. we might have either of the two potential risks, but at this moment, the situation is sustainable, but we have to carefully monitor the situation. if we continue our control, and even if we expand our strengthen the monetary easing further in case of need. >> so you say you are willing to take on the rising costs of this stimulus if you need to do so to stimulate the economy and keep inflation going? >> yes, but at the same time to avoid that side effect. you may combine various monetary tools to reduce that potential side effect. >> it sounds like an interesting recipe. so many cen

good morning, asia. hello, well. thanks forjoining us for this edition of asia business report. i'm rico hizon. let's start off with the gaming sector, because japan's nintendo is officially launching its popular switch gaming console in china today. interestingly it is teaming up with tencent, perhaps the biggest gaming company in the world. the japanese giant is best known for games and characters like mario and pokemon which are popular in the mainland, but it doesn't mean that it won't be a challenging environment for the company. to curb gaming addiction, children under 18 are banned from playing online between 10pm in the evening until 8am in the morning on weekdays, in addition to regulation, consul gaming is not as popular in china. most people play games on their smartphones. nintendo‘s rival, sony, launched its playstation 4 console in china four years ago but failed to make any headway. earlier i asked an analyst way nintendo didn't enter the smartphone market.” an analyst way nintendo didn't enter the smartphone market. i think that, you know, nintendo‘s big pl

i'm melissa chan welcome to news asia think you for joining us it's day 2 of the international court of justice is hearings in the genocide case against myanmar and the country's leader on sun suchi has spoken she acknowledged the possibility that the military could have used disproportionate force and that it might not have taken into account civilian safety enough but also said that these actions do not fulfill the definition of genocide. mr president it cannot be rude out that disproportionate force was used by members of the defense of this is in some cases in does that a god of international humanitarian law or that they did not distinguish clearly enough between also fighters and civilians. the spirit and mind this complex situation and the challenge to sovereignty and security in our country when you're assessing the intent of those who attempted to do with the rebellion surely under the circumstances genocidal intent cannot be the own you had poth once celebrated worldwide as a human rights defender on sunset she has seen a dramatic fall from grace and she received the nobel

at least in asia. again, because i came from a family business that really and get abuild license to build a factory, we understood that you have to walk that journey with our garment partners. emily: is this the anti-uber way of doing things? hoo ling: i would not say that. it is a very grab way. and i think the both of us grew up in an environment where we wanted to solve a problem together with others. , we it the asian heritage are generally more collaborative. it is the way our family teaches us to work with each other. it never struck us to take an alternative approach. we didn't want to say we know better, but follow us. emily: in thailand ride sharing is still illegal but you operate in a gray area there? anthony: we work very closely with the thai government and many other governments to find ways to serve the people better. whether it is formalized or not we focus on serving the people. emily: what is grab today? it is not just a ride hailing app, it is more. tell me about the super app visio

beard cory's in india or sweatshops in bangladesh everywhere across asia workers' rights environmental protection and children's health is being disregarded by global companies at the source their products in the region the german government asked $3000.00 textile retailers and producers to voluntarily clean up their supply chains in suggested a self police licensing option with an official certification that companies can apply for skin was called green button and only less than $100.00 companies were willing to sign up for it they would have had to fulfill a total of $46.00 criteria to do with environmental protection and workers was applying alongside the entire supply chain so different companies would have to prove that their products made by child labor they pay a minimum wage and implement safety rules but as already mentioned this is a voluntary certification that only applies to the textile industry lukewarm response prompted human rights organizations and trade unions to call for a lot to cover the supply chains of all german companies for lynn is now looking into legislation

the babies's asia—pacific editor has morelj mean, asia—pacific editor has more.” mean, really money talks here. china is the premier league's most lucrative market. people are saying, look, that's what's going to happen next, contracts will explicit explicitly say you're not allowed to tweet anything political but this really is a fine line because the longer beijing begins to push this, they just testing who longer beijing begins to push this, theyjust testing who is going to really react to this. in hong kong where protests have been going on for more than half a year and on monday's the chief executive was in beijing for a visit. both sides mentioned in the protests have taken an economic toll on this special region. translation: hong kong's economy is an obvious downturn. many industries had suffered major set backs. we may say this situation is unprecedented and how severe and uncomplicated it is. translation: in terms of the economy, remarkable slowdown has emerged in the first half of this year. at this time, the main causes lay in external factors including the trade dispute betwe

it is friday, good morning asia, hello well. glad you could join up for another exciting asia business report. we start off with australia because it is experiencing its hottest day ever for two days in a i’ow hottest day ever for two days in a row with an average national temperature of 41.9 degrees celsius. authorities have now declared a state of emergency in new south wales and this record—breaking heat comes as a nation is battling a severe drought and bushfire crisis. how do these extreme conditions affect with productivity especially in construction and agriculture. the issue will only get worse with climate change. with the early signs of disruptions. reports already talking about impacts of heatwave on agriculture as well but what we expect to see, particularly in the future, as our climate changes and receive these heatwaves increasing is that disruption, due to heatwaves, are to increase in the future. the city of london is one of the most important financial hubs it is also very competitive and every little advan

asia as many of them have mentioned. yvonne: final -- have yourally, we salary guide. where will we see the increases and where will things stay flat." -- stay flat? front office, back-office, chinese banks, non-chinese banks? elaine: i think chinese banks, we see more hiring in the future and maybe a bigger increase in salaries because many chinese owned companies are trying to match the commercial market, trying to be more commercial and generate more revenue than before. we will see a bigger increase in salaries in chinese companies. in back offices, we see figure increase in legal and compliance. for equity, maybe not. -- very flat because the private equity market has been very bad in recent years. ipo, the market has been quite positive. david: lots of big listings. happy new year. elaine zhang, thank you very much. yvonne: coming up, she gained worldwide attention. will talk about becoming an influential figure in asia's cultural scene. this is bloomberg. ♪ yvonne: as part of our equality coverage we talked with

good morning, asia. hello, world. it's a thursday. thanks forjoining us for this edition of asia business report. i'm rico hizon. let's begin with the world's most profitable company, oil producer saudi aramco. it is announcing the final price for its shares today. its stock market debut is expected to be the biggest ever. so how did it get here? so how did it get is expected to be the biggest ever. so how did it get here? let's take a look. meanwhile, opec countries are getting ready to meet in vienna. the connection — saudi arabia is the de fa cto connection — saudi arabia is the de facto leader of opec and it wants the organisation and its allies to keep oil prices high ahead of aramco going public. iasked keep oil prices high ahead of aramco going public. i asked an analyst how much production cuts we are talking about. given the amount of oil in the world these days, and the prospect of sort of increased reduction out of the us, i think opec and the saudis will probably be happy with just keeping oil prices, you know, about w

that is it for bloomberg markets asia. bloomberg daybreak middle east is next. >> this is bloomberg daybreak middle east. our top stories. >> the start to asia. the menu -- rain pmi reading shows expansion for the first time since april. the economic damage in hong kong is the equivalent to two percentage points of output growth. we will have the latest. new leader takes control today. we are live in tokyo to look at the strength of challenges facing them. biggestebounds from the weekly lt

welcome to "daybreak asia." haidi: our top stories this wednesday, asia stocks set to slide as president trump casts new -- on a trade deal. all change at alphabet. larry page and sergey broome step aside with the ceo taking the rains. shery: alibaba enjoyed a lucrative listing in hong kong but some are cautioning against unrealistic expectations. we have the background. we are set for a risk-off be across markets in asia. let's turn to sophie as japan and south rear come online. investors in asia battening down the hatches. we are seeing some pickup in s&p e minis. they are rattled by the uncertainty over trade. flipping out the board to check in on bonds. we are seeing a rally in australian sovereigns with the 10 year yield falling as much as 11 basis points. the u.s. ten-year holding steady at the start of cash trade, trading above 1.72%. a 0% are hovering around level. let's check in on the mood in australia ahead of the third quarter gdp report due at the bottom of the hour. the asx 200 extending the temple

i think the emergence of consumer markets in asia, china, and the rest of asia are forcing people to put their supply chains closer to the consumer markets and the long-term shifts in buying patterns in the underlying markets. there is the tactical changes taking place as a consequence of trade tension p or that is definitely happening as well. i would put more emphasis on the long-term shifts rather than the short-term for tactical changes taking place. i think shifting production closer to the u.s., great in theory, but in practice, the production capacity of china is immense, the logistics capability of china is superb, and it is not to replicate that anywhere else in the world. i think you also have to face reality. china is an extremely efficient and substantial producer. it is hard to shift that overnight. >> how do you think about adaptation of the companies, especially with consideration of digitalization in the long run? >> what companies are doing is they are having to constantly adapt and they cannot wait for political resolution. talking to a midsized corporate in the u.k

we have plenty to come on "daybreak asia." this is bloomberg. ♪ watching daybreak asia. let's get a check of the latest business headlines. we work is selling off assets after it seeks to raise cash and rework its operation. it is managed by q which helps companies organize tasks and services. the business has been owned for eight months. investors is said to include the managed by q co-founder. >> we were the biggest rival in china. work's biggest rival timesharethe first sale could raise about $100 million. spacesates more than 200 including hong kong, singapore, and new york. shery: the former president of pending ators is now self driving auto start up. he says solo drivers of gas powered vehicles are fundamental problems behind pollution, congestion, and accidents. coming up next, investors looking ahead to christine lagarde's talk at the ecb. this is bloomberg. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-spee

beard cory's in india all sweatshops in bangladesh everywhere across asia workers' rights environmental protection and children's health is being disregarded by global companies that the source their products in the region the german government asked 3000 textile retailers and producers to voluntarily clean up their supply chains in suggested a self police licensing option with an official certification that companies can apply for the scheme was called green button and only less than $100.00 companies were willing to sign up for it they would have to fulfill a total of $46.00 criteria to do with environmental protection and workers' rights applying alongside the entire supply chain certified companies would have to prove that their products made by child labor that they pay a minimum wage and implement safety rules but as already mentioned this is a voluntary set of occasion that only applies to the textile industry lukewarm response prompted human rights organizations and trade unions to call for a lot to cover the supply chains of all german companies for lynn is now looking into leg

for years, asia bibi's father prayed for her release. this summer, as she was flown out of the country after nearly a decade on death row, he spoke to her on a relative's phone. translation: i was so happy i saw her face and she held her hands up in front of me and said, "father, forgive me." then i started crying and i said, "go, my daughter. may god protect you." asia bibi was accused of having insulted the prophet muhammad during an argument whilst working inafield. a prominent muslim politician was murdered for speaking in her defence. hardliners took to the streets when pakistan's highest court overruled her conviction last year. eventually she was freed and fled abroad with her children and husband. the rest of her family are still in pakistan. they had to leave their village when asia bibi was first accused of blasphemy. translation: i do get angry, but what can you do with anger? we are labourers, poor people. the verdict in asia bibi's case was welcomed around the world, but pakistan's blasphemy laws remain in place. despite the

in asia we like china, south korea, taiwan. we are focusing on the tech cycle in asia. in latin america we are keen on brazil. we think is ill has finally broken the back of inflation. real rates are 1%. if you know anything about brazil, real rates at 1% are virtually unheard of the last 30 years. we think this leads to a significant opportunity for growth rebound and a multiple revaluation of the brazilian equity market. so we are selective. we like brazil, china, south korea, taiwan for the most part. shery: talk about european stocks. this chart showing the large-caps discounted, almost a records that we have not -- almost to records we have not seen since 2008. jay: we are super keen on the banks of the european financials. it has been a position we have had a long time. it has been painful for a period of that time. as a european industrial cycle bottoms, negative interest rates should move positive. that should be very supportive for the banks. they sell at halftime's book. they have a dividend yield of close to 5% versus a negative yield. even if you are an inco

asia's major markets have just opened for trade. welcome to daybreak asia. paul: our top stories this tuesday, the next nafta moves a step closer. top democrats say nothing has been agreed to yet. can they deliver in shanghai? bet that heaking a can succeed where others failed. to japan ands get south korea, coming online. began is study. five-year auction .olding around we have not been at this level since easing ramped up. we are seeing the cost be moving to the downside about 4/10 of 1%. the korean won is on the retreat as well. a little change fluctuating after a three-day event with the aussie dollar holding steady. a look at how aussie bonds are faring. the 10 year yield fell as much as five basis points. her marks in sydney, in which he noted that week consumption growth was a surprise but he remains confident that there will be a pickup. looking at 63uan as we are waiting for more trade details. i want to highlight mexican peso trading around a high. after -- not time to celebrate just yet. paul: let's get some more on that nafta 2.0. last minute hav

hello and welcome to this friday edition of asia business report, i'm sharanjit leyl. edition of asia business report, i'm shara njit leyl. we edition of asia business report, i'm sharanjit leyl. we begin with oil prices, which are trading at two—month highs energy markets have been on edge as opec plus russia are due to announce their decision on further production cuts after their two—day meeting in vienna. the group has been controlling output in the last few years to keep prices buoyant, and it's tough at toledo, saudi arabia, has been pushing for further cuts to keep them high ahead of saudi aramco‘s stock market debut —— it's de facto leader. they confirmed the share price and the ipo will be the biggest in history. here's sameer hashmi. it's been a struggle for them to get this ipo off the ground, there's been obstacles, low oil prices, and you saw ramco‘s factories getting attacked two months ago and there we re attacked two months ago and there were a lot of doubts about whether they would be able to launch the ipo but they've gone ahead. this country essentially

news asia coming up 9 marcey leader rejects genocide charges at the hague on sun suchi says the accusations are incomplete and misleading when it comes to the military's crackdown on the hinge of muslims look at the reaction from human rights watch. and sticking with myanmar we take a closer look at a system of segregation that some compare to apartheid top and across wrong kind state. plus priests have kept track of them for centuries now this sacred ice ridges of japan's lakes could be melting away into history. i'm melissa chan welcome to g.w. news asia think you for joining us it's day 2 of the international court of justice is hearings in the genocide case against myanmar and the country's leader on sun suchi has spoken she acknowledged the possibility that the military could have used just a portion of force and that it might not have taken into account civilian safety enough but also said that these actions do not fulfill the definition of genocide. mr president it cannot be ruled out that disproportionate force was used by members of the defense of this is in some cases in this is a

it is a monday put up good morning, asia, hello, world. you forjoining us asia, hello, world. you forjoining us for this exciting addition of asia business report. i i'm rico hizon, let us begin with the trade will because the us and china finally reached a phase one trade agreement over the weekend. the us dropped plans to slap fresh tariffs on sunday while some existing ta riffs on sunday while some existing tariffs would be cut to seven .5%. according to the us, the agreement also covers contentious issues like intellectual property and forced tra nsfer of intellectual property and forced transfer of tech allergy though the big question now is, how? earlier, i asked why we haven't had any major announcement from the chinese. this is at least the fifth time that i can count that we have had an announcement of a us— china trade deal and you know that we don't have a text yet and we don't have a signature yet and so i think the chinese are sceptical or at least cautious. you could use your phrase. about whether or not this deal will actually happen and if so, what form it wi

news asia thank you for joining us it's day 2 of the international court of justice is hearings in the genocide case against myanmar and the country's leader on sun suchi has spoken she acknowledged the possibility that the military could have used his full portion of force and it might not have taken into account civilian safety enough but also said that these actions do not fulfill the definition of genocide. mr president it cannot be rude out that disproportionate force was used by members of the defense of this is in some cases in this is a god of international humanitarian law or that they did not distinguish clearly enough between also fighters and civilians. through spin mind this complex situation and the challenge to sovereignty and security in our country when you're assessing the intent of those who attempted to do with the rebellion surely under the circumstances genocidal intent cannot be the own you had poth once celebrated worldwide as a human rights defender on sunset she has seen a dramatic fall from grace and she received the nobel peace prize in 2012 in 2017 a milita

for years, asia bibi's elderly father prayed for her release. this summer, as she was flown out of the country after nearly a decade on death row. he spoke to her on a relative's phone. translation: i was so happy. i saw her face and she held her hands up in front of me and said "father, forgive me." then i started crying and i said "go, my daughter, may god protect you." asia bibi was accused of having insulted the prophet muhammad during an argument while working in a field. a prominent muslim politician was murdered for speaking in her defence. hardliners took to the streets when pakistan's highest court overruled her conviction last year. eventually, she was freed and fled abroad with her children and husband. the rest of her family are still in pakistan, they had to leave their village when asia bibi was first accused of blasphemy. translation: i do get angry, but what can we do without anger? we are labourers — poor people. the verdict in asia bibi's case was welcomed around the world, but pakistan's blasphemy laws remain in place. despi

you are watching "daybreak asia ." paul: our top stories this friday, asian investors are hoping for gains as christmas cheer gives u.s. markets a bump and boost. it is mixed for japanese eco-data. factory output fell again. retail sales is appointed. consumer prices beat forecasts. shery: shinzo abe faces year-end pressure. his popularity is sinking to its lowest in more than a year. japan is coming online alongside the south korea as well. let's get straight to the market action with sophie. sophie. sophie: we are in the final stretch of 2019. japanese stocks did manage to pull through on thursday. the topix with an eight day drop. the topix hitting ground along with the nikkei 225. today, stocks are trading ex-dividend today. let's check in on the open in seoul. we are seeing downside moves for the kospi. we will see what the index can crack 2200 points. switching it now to check in on the mood in sydney, the asx 200 gaining some ground with gold miners among the biggest advancers. resolute leading the pack, jumping

now on bbc news, live to singapore for asia business report. should the boeing 737 max have been grounded after the first crash? us regulators predicted further accidents. the european central bank will look at a small but growing number of women at the top of business. good morning, asia. hello, world. it's a thursday. glad you could join us it's a thursday. glad you could join us for another exciting addition of asia business report. i'm rico hizon. . we started the programme with boeing, because regulators have been giving evidence in hearing into the crash of the 737 max last year, when a high chance was predicted of future accidents. but they failed to ground the plans until after a second fatal crash. documents showed a nalysts second fatal crash. documents showed analysts of the federal aviation administration predicted there could be as many as 50 more fatal accidents if the plane's software wasn't fixed. michelle fleury in new york has been following the hearings. this is something that came up again and again in the hearing this morni

let's have a look at asia . swiss asset manager in the middle of an expansion, aiming to double its assets in asia in the next decade. wealth managers see an increasing number of the ultra rich in the region. we spoke with the managing partner there about which country they are partnering with. >> north asia i think, we are focusing on china and greater china overall. i think even parallel, southeast asia out of singapore, these are two well-known hubs that should provide us for the next few years the platform for growth. >> you mention hong kong. it is an endorsement that it is expanding here. hong kong will be your hub for china in light of the protests and the economy, which is in a deep recession. does that put you off? to the country, we are currently investing more than we have ever invested and i think one has to be contrary and sometimes. in these moments, you need to show your commitment. >> this is a way of saying singapore will be the other hub for southeast asia, right? >> correct. >> have you seen a

our asia attack reporter joins us. it is really very interesting, the different ways that the protests in the unrest and malcontent on the streets has permeated every level of the academy and of hong kong society. >> that's right. personal political views that use to have no bearings on work is now taking on a new significance. the key challenge for hong kong's finance industry is that 20% of the gdp here and senior managers for the first time right now, they need to really balance the active being considerate and incorporating all the staff employees political views. at the same time, trying to not to get caught in the controversies. that is adding to the challenges of the slowing economy, slowing pace of dealmaking here in the city. shery: give us some of the examples we are seeing across the city, especially in those financial firms in how they are handling this. lulu: i think where we are hit most heart is among the state owned chinese banks operating in the city. we have seen incidences at a chinese banks where em

in asia, slightly negative. after, weand the year expect some positive growth in profits, but not driven by the rising margins. anna: let me ask you about what the u.k. is doing. we talked about political risk in tech, what about the u.k.? the ftse 100 going its own way, the rest of europe up .4%. the ftse is down because of the threat to the pound. what do you expect toward the 12th of december and beyond? has alwaysftse 100 been most sensitive to the movements in the currency because around 70% of revenues are coming from outside the u.k., so a weakening sterling tends to push up the value of that index in sterling terms. real barometer of the risk associated to the u.k. economy and brexit have been reflected in the more domestic parts of the markets, which have underperformed for a long time. they started to outperform the summer as the risks of a no deal brexit seem to reseed. we still think there is opportunity in those domestic stocks. through the course of the next year, we expect reasonable recovery in t