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Bloomberg Markets: Middle East : BLOOMBERG : December 21, 2016 11:00pm-12:01am EST
third banker convicted in singapore over the malaysian fund. a.m. in the:00 emirates. salamat in hong kong. -- you have an interesting chart showing a correlation. always an interesting chart, the dow short of 20,000. liquidity getting thinner. this is where that chart comes in. i want to show you the effects this has had on inflation expectations. this is the 10 year break even. you can turn that -- look at the bloomberg to get additional content. you can see what happens in the blue box as the oil prices and blue go down. it takes down inflation expectations. inflation on an annual basis. it has recovered a little bit, but still around the 1.93 mark. what are you looking at as they gear up for the holidays? rishaad: we came tantalizingly close to that 20,000 level. just seeing what is going on with the state of stocks and how people's money is doing. mumbai down. hong kong equities leading in this part of the world. a rise in u.s. stocks. oil prices firming after that drop on wednesday. that's a -- that is what we have at the moment. yousef: in this part of the world, just under two
third banker convicted in singapore over the malaysian fund. a.m. in the:00 emirates. salamat in hong kong. -- you have an interesting chart showing a correlation. always an interesting chart, the dow short of 20,000. liquidity getting thinner. this is where that chart comes in. i want to show you the effects this has had on inflation expectations. this is the 10 year break even. you can turn that -- look at the bloomberg to get additional content. you can see what happens in the blue box as...
Bloomberg Markets: Middle East : BLOOMBERG : November 30, 2016 11:00pm-12:01am EST
Dec 1, 2016 12/16
side of the story. our energy reporter joins us from singapore. first, how did opec's big players bridge their differences? meaning,g into this the real differences were between saudi arabia, iraq, and iran. iraq and iran at all. -- iran argued they should be exempt from any cuts. iran because it was still lifting production from its pre-sanction levels. iraq agreed to be part of the production cut because it had compared tolevel saudi arabia. that if some wiggle room for iran. instead of trying to push all of their oil production to the pre-sanction limits, will lift by another 90,000 or so. everybody gave a little and took a little. once those silver you were in line, they were able to bring everybody else behind this 1.2 million barrel a day production in oil output starting from the first. -- the first six months. host: are sober times ahead? outside of opec, which is the markets he has winners and losers. the rising oil price lift lifts all times of boats. rig builders in singapore are seeing up left. energy giant in china are benefiting. airlines and refiners are having a ro
side of the story. our energy reporter joins us from singapore. first, how did opec's big players bridge their differences? meaning,g into this the real differences were between saudi arabia, iraq, and iran. iraq and iran at all. -- iran argued they should be exempt from any cuts. iran because it was still lifting production from its pre-sanction levels. iraq agreed to be part of the production cut because it had compared tolevel saudi arabia. that if some wiggle room for iran. instead of...
singapore. his can you tell us about background and how it might relate to such a position, not confirmed yet though? went to therson' university of texas and has been n exxonon -- been a next lifer. he threw that company has had a lot of foreign experience. is a texan, he has slightly different values than most people affiliate with texans. he helped the boy scouts of america usher in their change to allow gay scout leaders. humorouslywhat banded together with residents of his town in barton ville to fight against a water tower that would be used for fracking, so he could be called an anti-fracking activists in a small way. the biggest thing is that exxon is a giant corporation with employees all over the world, and they are well known for being quite. don't leakir job and out information, and they get results. qualitieshink about that you would want in a secretary of state, a lot of that comes from that kind of thought about him. state noe secretary of doubt is in a lot of ways america's top diplomat. a lot of people are buying for this job controversially as well, politically
singapore. his can you tell us about background and how it might relate to such a position, not confirmed yet though? went to therson' university of texas and has been n exxonon -- been a next lifer. he threw that company has had a lot of foreign experience. is a texan, he has slightly different values than most people affiliate with texans. he helped the boy scouts of america usher in their change to allow gay scout leaders. humorouslywhat banded together with residents of his town in barton...
. asian stocks are fluctuating. singapore, tokyo, mumbai. back in half an hour. time now for the best of bloomberg markets middle east. ♪ yousef: it is the end of the year that saw the end of opec. welcome to bloomberg markets middle east as we wrap up 2016 with this special holiday edition. i'm yousef gamal el-din in dubai. lows,barrel, 13 year record stockpiles, supply outweighing demand and i ran back online. something has to give, and it did. opec agreed to the first production cut in eight years. we have more from singapore. reporter: going into this meeting, the real differences were between iraq and iran. going up to the meeting, iraq and iran argued they should be exempt many production cuts because iraq needed money to fight isis, iran was lifting production from presented levels. -- pre-sanction levels. i ran finally agreed to be a part of this, it had the second highest production cuts after saudi arabia, and the two of them accounted for more than half of the group. that leaves wiggle room for iran, instead of now trying to push oil production to the pre-section limits w
. asian stocks are fluctuating. singapore, tokyo, mumbai. back in half an hour. time now for the best of bloomberg markets middle east. ♪ yousef: it is the end of the year that saw the end of opec. welcome to bloomberg markets middle east as we wrap up 2016 with this special holiday edition. i'm yousef gamal el-din in dubai. lows,barrel, 13 year record stockpiles, supply outweighing demand and i ran back online. something has to give, and it did. opec agreed to the first production cut in...
from singapore. coming up, the chairman's challenge. the battle in court. we will take you live to mumbai. ♪ angie: you are watching "bloomberg markets: middle east ," i am angie lau in hong kong. yousef: and i am yousef gamal dubai.in a lawsuit against falling conglomerates. we are tracking this from mumbai. tell us about this case here. >> the chairman is shifting the battle from courtroom to courtroom. they will file a petition before aata group, tribunal. the case will be held on thursday. talked about the demands of the affairs of the company. he also wanted the investigation to be done into the company, he proved that tata was wrong. angie: what about the search for a new chairman at tata? were focusing on the atms. stepped down from all tata-listed companies except for tata sons. the chairman shortlisted nine candidates in india and outside india. the end ofntil february to finalize the new name for the new chairman. angie: thank you, we will leave it there, live from mumbai. making the stories headlines, they sell a mouse $800 million of shares for shipping. 22% premium i
from singapore. coming up, the chairman's challenge. the battle in court. we will take you live to mumbai. ♪ angie: you are watching "bloomberg markets: middle east ," i am angie lau in hong kong. yousef: and i am yousef gamal dubai.in a lawsuit against falling conglomerates. we are tracking this from mumbai. tell us about this case here. >> the chairman is shifting the battle from courtroom to courtroom. they will file a petition before aata group, tribunal. the case will be...
. why such a dire picture? looking at the way singapore has kind of hand out. we had five companies default. million worth of bonds. that is mostly due to the commodity downturn which impacted the ability of the companies to repay debt. this is seen as a bellwether of sorts. withe going to be dealing rising interest rates for the u.s.. potentially more protectionist trade policy from trump. dollar bonds are set to mature, more than this year. expect more restructuring out of indonesia. think about the coal miners down there. they could allow certain companies to fail as they seek to control risk. 2017 hardly sounds positive. can you put some numbers, give us additional context on this? facing itsr is weakest growth since 2009. weakness inhe exports and the faltering commodities sector. example, it has galvanized to fiercely protect the financial services industry. the industry makes up 13% of the economy. other than a year of debt defaults, it is also marked as the busiest year for enforcement actions. we have the monetary authority clamping down on banks. is it for this edition. th
. why such a dire picture? looking at the way singapore has kind of hand out. we had five companies default. million worth of bonds. that is mostly due to the commodity downturn which impacted the ability of the companies to repay debt. this is seen as a bellwether of sorts. withe going to be dealing rising interest rates for the u.s.. potentially more protectionist trade policy from trump. dollar bonds are set to mature, more than this year. expect more restructuring out of indonesia. think...
Bloomberg Markets: Middle East : BLOOMBERG : December 5, 2016 11:00pm-12:01am EST
managing editor in singapore. let's cross over and stay with this story -- ecb holds its last fall as a decision of the year on thursday with the italian referendum sure to be on the agenda. next week we are looking ahead with the rates rise with some meat on the bones in these big events. crystal rule is the chief economist at the abu dhabi investment authority -- great to have you. with the italian referendum out of the way, we talked about the volatility -- your topline thoughts on this rise of populism and has taken over the u.s. and is now still very strong in europe? usi think it will be with for a while and what concerns me is the economic consequences. it's interesting what we see emerging now in the u.s., the first ideas of what the president will be doing and how it is perceived by the markets. there is at least for the moment some optimism. my best guess is that governments will do what governments usually try to do, to go for fiscal stimulus, which will put pressure on the fiscal system. it happens in a situation which can be called as for the environment. the rate incr
managing editor in singapore. let's cross over and stay with this story -- ecb holds its last fall as a decision of the year on thursday with the italian referendum sure to be on the agenda. next week we are looking ahead with the rates rise with some meat on the bones in these big events. crystal rule is the chief economist at the abu dhabi investment authority -- great to have you. with the italian referendum out of the way, we talked about the volatility -- your topline thoughts on this...
Best Of Bloomberg Markets: Middle East : BLOOMBERG : December 1, 2016 11:00pm-12:01am EST
disciplinary action amid investigation. singapore imposed fines on the bank for breaches of money laundering laws. there is no evidence of willful misconduct. donald trump has launched a in the to her -- tour midwest. time tothis is no downsize dreams. chinese president has congratulated thailand's first new monarch in seven decades. these are live pictures marking king0th day after the passed away. .he crown prince thai stocks have climbed 7% since his father's death. global news 24 hours a day powered by over 2600 journalists and analysts in more than 120 countries. is bloomberg. welcome to the best of bloomberg markets: middle east. trump trump selection -- , emerging science of skepticism may have been overdone. we will hear from sheila patel and mark mobius. the head of the middle east's says heproduct company wants to -- property company says he wants to create a new e empire. the story that overshadowed the whole week or the negotiations over and opec deal. the world's major oil producers managed to agree to its first production cut in eight years. -- our energy reporter laid out the
disciplinary action amid investigation. singapore imposed fines on the bank for breaches of money laundering laws. there is no evidence of willful misconduct. donald trump has launched a in the to her -- tour midwest. time tothis is no downsize dreams. chinese president has congratulated thailand's first new monarch in seven decades. these are live pictures marking king0th day after the passed away. .he crown prince thai stocks have climbed 7% since his father's death. global news 24 hours a...
Best Of Bloomberg Markets: Middle East : BLOOMBERG : December 15, 2016 11:00pm-12:01am EST
knockout economic policies for the next year. singapore's exports surged in november after electronic shipments climbed the most in more than a year. domestic exports rose 11.5% last month from a year ago. electronic exports rose 3.5% in the same time. cathay pacific sister is considering replacing its single aisle airbus plane to modernize its suite. upgradingstarted a-320 and a-320 one's with the first new aircraft expected by 2019. the airline has not specified if it is looking at airbus or boeing. 24 hours a day powered by more than 1200 analysts in more than 26 countries. gains thanks to recovery for property stocks. the best ofo bloomberg markets middle east. the major stories driving headlines from the regions this week -- turkey changed the way it calculates its gdp with a new methodology prompting some rather eye-popping revisions. on average over the past five years, turkey's official growth rate shows its economy expanding faster than india cost despite terrorist attacks in major urban theers, record weakness in lowest levels of economic confidence since records began. pric
knockout economic policies for the next year. singapore's exports surged in november after electronic shipments climbed the most in more than a year. domestic exports rose 11.5% last month from a year ago. electronic exports rose 3.5% in the same time. cathay pacific sister is considering replacing its single aisle airbus plane to modernize its suite. upgradingstarted a-320 and a-320 one's with the first new aircraft expected by 2019. the airline has not specified if it is looking at airbus or...
Bloomberg Daybreak: Asia : BLOOMBERG : December 27, 2016 7:00pm-8:01pm EST
. i'm yvonne man in hong kong. in newand betty liu york. singapore could turn out to be a bellwether for distress across all of asia. more companies throughout the region are expected to face growing debt problems as the new year unfolds. here is sophie kamaruddin. this sounds pretty gloomy. why is it so dire next year? sophie: betty, it would seem singapore has claimed the role of canary in the mine. they have defaulted on bonds and this could be a hint as to what may face asian corporate next year. taking a look at this chart, $76.4 billion of bonds are maturing. that is 24% more than this year. think verse in asia, so we are looking at of course, an increase given the commodity price downturn, so that is impacting sectors like inergy. we are expecting the drug to white into the property sector. inking at economies particular, indonesia will be one of the top markets that will face restructuring next year. more distress likely out of china. too pretty,looking especially when it comes to singapore, given that it is most affected to the downturn in trade. sophie: we are expecting the
. i'm yvonne man in hong kong. in newand betty liu york. singapore could turn out to be a bellwether for distress across all of asia. more companies throughout the region are expected to face growing debt problems as the new year unfolds. here is sophie kamaruddin. this sounds pretty gloomy. why is it so dire next year? sophie: betty, it would seem singapore has claimed the role of canary in the mine. they have defaulted on bonds and this could be a hint as to what may face asian corporate next...
Bloomberg Daybreak: Asia : BLOOMBERG : December 8, 2016 7:00pm-8:01pm EST
to cut. what is expected in vienna on saturday. ♪ it is 8:30 in singapore. monetary authority of singapore saying they had instructed the singapore's tonge -- singapore exchange discover the root cause with the opening of the derivatives training. more to come on that. i'm you yvonne man. of a dark, shadowy day in singapore. let's get to first word news with courtney collins. list seems to be more at the european central bank. mario draghi cut his bond buying program from the equipment of $85 billion a month to $64 billion. he also added three more months of buying than expected. he says qe is essentially open ended. draghi: the two options are those started by committees in the preceding months. one is the option of continuing with 80 billion euros a month for six months. the other one is the one that received a very broad consensus. air isy: shanghai's again heavily polluted. internationally accepted safe level. days of suffered choking smog a week ago. young people and the elderly have again been warned to stay indoors. half of alls banned cars in the city and made public tran
to cut. what is expected in vienna on saturday. ♪ it is 8:30 in singapore. monetary authority of singapore saying they had instructed the singapore's tonge -- singapore exchange discover the root cause with the opening of the derivatives training. more to come on that. i'm you yvonne man. of a dark, shadowy day in singapore. let's get to first word news with courtney collins. list seems to be more at the european central bank. mario draghi cut his bond buying program from the equipment of...
out of the open in singapore. this is bloomberg. ♪ craig's it is a 11:30 a.m. in sydney. theave breaking news about monthly business survey, a slight improvement in confidence strife in theying australian economy. this is good news. to five ingot november, having dipped to four in previous months. we are in hong kong. a little bit of a perk there for sydney. betty: im betty liu in new york. you are watching "daybreak asia." >> oh peg boosted production in november ahead of next month's collect of -- opec boosted production in november ahead of cuts.onth's total output is 38 million barrels per day. andysts expect opec independent producers to .ncrease output donald trump is said to be postponing until next month details of how he will handle business operations while at the white house. a news conference scheduled for thursday will be delayed because the president-elect's busy filling his administration first. trump has about 3.6 billion dollars in assets in over 500 companies. christine lagarde has told an -- has told the tribunal that she acted in the public interest as french
out of the open in singapore. this is bloomberg. ♪ craig's it is a 11:30 a.m. in sydney. theave breaking news about monthly business survey, a slight improvement in confidence strife in theying australian economy. this is good news. to five ingot november, having dipped to four in previous months. we are in hong kong. a little bit of a perk there for sydney. betty: im betty liu in new york. you are watching "daybreak asia." >> oh peg boosted production in november ahead of...
current stimulus program is not sustainable long. ♪ 8:30 in singapore. half an hour away from trading. a gorgeouss like day. i am betty liu. you are watching "daybreak asia." nina: wall street closed at new highs as wall street showed resilience to geopolitical events. hours ased after all results showed it is not losing ground to sporting rivals. say -- three worshipers were wounded when a gun man opened fire in the building. he later killed himself. are investigating the incident. a chief economic adviser says sustaining the trump rally is not just about implementing his economic policies. he cautioned against overlooking the threat to global markets. >> we have priced in no policy mistakes. we have priced in no market accidents. we have ignored all sorts of legal issues. our of the reason why the markets are reacting so well is because we are getting a political disruption in the u.s. that seems to be positive. unleashoing to congressional action on key issues. you are also getting political disruptions elsewhere that are not so positive. of scientists have set up an anonymous hotl
current stimulus program is not sustainable long. ♪ 8:30 in singapore. half an hour away from trading. a gorgeouss like day. i am betty liu. you are watching "daybreak asia." nina: wall street closed at new highs as wall street showed resilience to geopolitical events. hours ased after all results showed it is not losing ground to sporting rivals. say -- three worshipers were wounded when a gun man opened fire in the building. he later killed himself. are investigating the...
lows. let's talk more about this. joining us from singapore is our guest, live from singapore. good to have you. king dollar.ut we have seen it reached a new high. let's show the were is how much we are seeing in terms of the upside. 23 of the 36 trading days, it has arisen cents trump won the election. does -- is it time to sound some caution now? >> there is no doubt there is a consensus the dollar is heading higher. certainly in these illiquid markets at the end of the year, there is a potential for volatility. there are very good reasons many investors are bullish on the u.s. d at this point. is likely to extend into 2017. the risk is we might see more rapid dollar appreciation. then many the market anticipate. the reason the risks are weighted on this side is we are going to see a shift in terms of market focus toward politics. we are shifting away from focusing on central banks. ofwe enter this era politics, with a fiscal push in the u.s., likely reductions in terms of regulation under the trump administration, these are probably going to be favorable for the u.s. economy. it has
lows. let's talk more about this. joining us from singapore is our guest, live from singapore. good to have you. king dollar.ut we have seen it reached a new high. let's show the were is how much we are seeing in terms of the upside. 23 of the 36 trading days, it has arisen cents trump won the election. does -- is it time to sound some caution now? >> there is no doubt there is a consensus the dollar is heading higher. certainly in these illiquid markets at the end of the year, there is...
dollar dropped. unreliable and non-credible. a third banker is convicted in singapore's investigation into malaysia's fund. alibaba is slammed for those estate goods. it is back on the u.s. markets notorious list and says it is not happy about that. this is the second hour of a brake asia coming to you live from bloomberg. anyre glad we are not on notorious list. i am betty liu and we will be digging deeper into that alibaba story. --king about the dow 27 20,000 that we are not reaching quite yet. we will see of the rally will last until next year. >> some have said it has gone far too fast. the open most thoughts are off except for seeing some weakness. you guys were talking about 20,000. the two major indices that people have been talking about waya good part of the past five years. first 18,000, 16 then 18. i has reached 20,000 several times. that is falling short over the past few months or so. that is your level right now, 19,000 -- 19,400. korean index is seeing some green. asia is managing to buck those losses that we saw in europe into the u.s. volumes are light. when it comes
dollar dropped. unreliable and non-credible. a third banker is convicted in singapore's investigation into malaysia's fund. alibaba is slammed for those estate goods. it is back on the u.s. markets notorious list and says it is not happy about that. this is the second hour of a brake asia coming to you live from bloomberg. anyre glad we are not on notorious list. i am betty liu and we will be digging deeper into that alibaba story. --king about the dow 27 20,000 that we are not reaching quite...
for speed. built for business. >> it is 8:30 in singapore a half hour from the opening of trading there. we have breaking news out of singapore. domestic exports. 11.5% up for the month of november. the estimate was for a fall of 2.7%. month to month also rising 13.1%. 1.5% drop. the expectation was for a pickup in november. this is the performance in north asia as a sign post. this certainly is much, much better than expectations, betty. betty: some better news there in sing more. you are watching daybreak asia. now let's get to the first report news. >> first up china holdings of u.s. treasuries has fallen to the lowest in more than six years. as beijing used its foreign eserves to support the yuan. down more than $41 billion from september the lowest since july of 2010. that means japan has become america's top foreign creditor as its holdings edged down at a slower pace. japan's benchmark bond yield rose to the highest since the b.o.j. introduced its negative rate policy on january 29. it's added 1.5 basis points tracking the renewed sell off in u.s. treasuries and puts pressu
for speed. built for business. >> it is 8:30 in singapore a half hour from the opening of trading there. we have breaking news out of singapore. domestic exports. 11.5% up for the month of november. the estimate was for a fall of 2.7%. month to month also rising 13.1%. 1.5% drop. the expectation was for a pickup in november. this is the performance in north asia as a sign post. this certainly is much, much better than expectations, betty. betty: some better news there in sing more. you...
that. this is bloomberg. ♪ yvonne: it is 8:30 in singapore. half an hour from the opening of trading in the lion city. also expecting inflation numbers this afternoon. betty: you are watching "daybreak asia." let's get to the first word news. haslinda: the u.s. justice allegedly's suing for deceiving investors. the lawsuit is rare for the banks, which typically negotiate a settlement rather than risk a trial. the justice department alleges deceivedatedly investors. extended trade after finding a bug. oftenitch overstated how towas used and is the latest shake confidence. ed clients who placed ads. constitutional court has held its first hearing into the legality of the impeachment of the president. the judges have up to six months to decide whether park should step down or be i reinstated. saudi arabia has presented the most detailed budget in its history. cutgovernment says it spending by 16% this year, narrowing the shortfall by more than expected. the kingdom expects revenue to inp more than 46% from oil 2016. hours a day,4 powered by journalists in 120 countries. new zealand, closed
that. this is bloomberg. ♪ yvonne: it is 8:30 in singapore. half an hour from the opening of trading in the lion city. also expecting inflation numbers this afternoon. betty: you are watching "daybreak asia." let's get to the first word news. haslinda: the u.s. justice allegedly's suing for deceiving investors. the lawsuit is rare for the banks, which typically negotiate a settlement rather than risk a trial. the justice department alleges deceivedatedly investors. extended trade...
the good times can keep rolling. this is bloomberg. ♪ yvonne: it is 8:30 in singapore. from theour away opening of trading. i am yvonne man. betty: quite the opposite in new york. a rainy and gloomy all day. it would have been snowing if it was a little colder. i am betty liu. let's get to the first word news. reporter: donald trump says it is time for the u.s. to bigger and better things after the sheda administration puni russia. the tycoon issued a statement saying he will meet intelligence officials next week. russia rejects the accusations. announced angs has campaign to eliminate waste. the plan is nicknamed the waterline project. he has spent four years cutting costs. has trimmeduring some $700 million of expenses. also, italy's bail out of the world's oldest bank has won the green light. the rules say banks with a capital shortfall are not allowed to benefit from liquidity schemes. and a north korean economic leader has said to have executed 140,000 officials. ordinary people have also been killed for helping defectors or for watching south korean tv. 340.otal number is put
the good times can keep rolling. this is bloomberg. ♪ yvonne: it is 8:30 in singapore. from theour away opening of trading. i am yvonne man. betty: quite the opposite in new york. a rainy and gloomy all day. it would have been snowing if it was a little colder. i am betty liu. let's get to the first word news. reporter: donald trump says it is time for the u.s. to bigger and better things after the sheda administration puni russia. the tycoon issued a statement saying he will meet...
telecom has won the bid to become singapore's first mobile phone licensee. they paid 74 million dollars for the right to the spectrum which is expected to -- in april. singapore has one of the deepest penetration rates for global -- mobile services. the market is currently dominated by three players did a billn has passed legalizing casinos paving the way for billions of dollars of potential investment. more legislation is needed before so-called integrative resorts can be built meeting known is likely to open before the 2020 tokyo olympics. las vegas says it is prepared to make an unmatched investment in japan. a recent poll found only 12% public support for casinos. we are hearing -- is not currently in talks to acquire mont elise good sources contradicted reports that the company could be a target. in. heinz was taken private 2013. they merged with craft last year. -- they merged with kraft last year. and much more ahead. crown resorts folding its plan to spin off international assets. we will have details of their new move to cut the dead. this is bloomberg. ♪ ♪ >> this
telecom has won the bid to become singapore's first mobile phone licensee. they paid 74 million dollars for the right to the spectrum which is expected to -- in april. singapore has one of the deepest penetration rates for global -- mobile services. the market is currently dominated by three players did a billn has passed legalizing casinos paving the way for billions of dollars of potential investment. more legislation is needed before so-called integrative resorts can be built meeting known...
remain weak, opened towards more fiscal stimulus. he joins us live from singapore. really great to have you. we were speaking on the survey earlier this morning from tankan. he had a red flag when it came to the yen. he said the u.s. registration and donald trump will realize this might not be a good idea for the economy. what was your take on the overall? feel about the business sentiment that we see in japan? it seems to remain the same, despite the manufacturer balance. >> i did listen to your conversation. you are right, the tankkan was flat. most of the rally was predicated on the yen weakness. maybe 27% on share buybacks. the share buybacks will continue next year, but the yen weakness is the major call. , do see the dollar as stronger and the bank of japan will be happy about that. if the bank of japan keeps the 10 year bond yield around zero, and yet bond yields elsewhere are creeping up, then the change has to be reflected in the currency instead. i think japan will continue to be a good market on that basis. betty: we have not exactly seen asia track the gains we have see
remain weak, opened towards more fiscal stimulus. he joins us live from singapore. really great to have you. we were speaking on the survey earlier this morning from tankan. he had a red flag when it came to the yen. he said the u.s. registration and donald trump will realize this might not be a good idea for the economy. what was your take on the overall? feel about the business sentiment that we see in japan? it seems to remain the same, despite the manufacturer balance. >> i did...
banks in hong kong, singapore, some of them korean as well. in our latest reshuffling of the asian model portfolio, we have greated the financial sectors to neutral, while we were underweight for quite sometime before. we are overweight in financials now. >> when it comes to emerging markets in your notes you say they are at a cross road. i call it a policy dimon drum. you are seeing expectation of higher rates in the u.s., which will mean fund outflows, and weaken their currencies, and they are tempted to raise rates with the u.s., but that would cap growth. where do they go from here? >> there are pressures here. i think europe's growth recovery is good for market companies. at the same time as you rightly point out. that will tempt investors to put money in developed markets and pull money out of developmenting markets. this round is likely to be more related to companies like the euro and the j.g.p. these emerging market economies have repaired their current accounts over the last three or four years remarkably. emerging ink that phenomenon market flows choking is likely to be
banks in hong kong, singapore, some of them korean as well. in our latest reshuffling of the asian model portfolio, we have greated the financial sectors to neutral, while we were underweight for quite sometime before. we are overweight in financials now. >> when it comes to emerging markets in your notes you say they are at a cross road. i call it a policy dimon drum. you are seeing expectation of higher rates in the u.s., which will mean fund outflows, and weaken their currencies, and...
singapore and hong kong and even australia. definitely, if that comes up, that will slow down export growth in gdp growth. of course, the devil is in the details of when this is going to be imposed. but any increase in trade restrictions will be negative. betty: what you mean by the recent global selloff of bonds -- that they have not been fully transmitted to local credit spreads. what could that mean? when we tendally, to look at credit spreads, we the markets including the u.s. and the u.s. dollar. what we have seen in terms of spreads going up, we have seen upcross-border bonds going 25-40 basis points. the impact has been much more muted. because of two things. the banks are still the largest provider of capital to borrowers. and second, there is a home buyers in terms of local investors investing in names that they know. debt fully seen transmitted into local markets cap. betty: hang on one second. we are getting some headlines out of new zealand. the prime minister saying he will be standing down as prime minister. the national party can win the 2017 election. he says it is a
singapore and hong kong and even australia. definitely, if that comes up, that will slow down export growth in gdp growth. of course, the devil is in the details of when this is going to be imposed. but any increase in trade restrictions will be negative. betty: what you mean by the recent global selloff of bonds -- that they have not been fully transmitted to local credit spreads. what could that mean? when we tendally, to look at credit spreads, we the markets including the u.s. and the u.s....
now, head of career research, joining us live from singapore. great to have you. about reformioned momentum. i want to get your take on this. the events of 2016 that we have seen in south korea, like the likes of samsung, now park's vote, is it enough to shock the system now where we can actually be a catalyst for systemic reform? reporter: vote, is it enough to shock the system now where we can actually be a catalyst for systemic reform? reporter: yes, i think he can be enough shock. korea is a country that needs reform. we have one of the highest, fastest rise in inequality, and the wealth of the country is concentrated vote, is it enough to in several -- and the corporate's to much cash in the balance sheet, while the household have too much debt. lowests trading at evaluation around the world. what was clear throughout this whole event, the scandal, the candlelight protests, the impeachment is that people want change. they want to and the corruption and the collusion between political power, and inequality. for the next election, i think people will vote for a candidate that wi
now, head of career research, joining us live from singapore. great to have you. about reformioned momentum. i want to get your take on this. the events of 2016 that we have seen in south korea, like the likes of samsung, now park's vote, is it enough to shock the system now where we can actually be a catalyst for systemic reform? reporter: vote, is it enough to shock the system now where we can actually be a catalyst for systemic reform? reporter: yes, i think he can be enough shock. korea is...
in on the markets. asia stocks tracking gains in the u.s. , theng us from singapore head of asia-pacific equity and credit at ubs wealth management. great to have you. you mentioned about these records, the dow rallying more than 300 points, bonds also up. it seems like there's a lot of pressure on mario draghi on this one once again. what if we get another disappointment that we saw in december 2015, it is not seem like we are setting up for that disappointment right now. howard: starting with the u.s. perhaps, we have [indiscernible] as compared to the first half where we saw earnings decrease drag by oil and other factors. the third quarter was evidently the first one since a while since -- that we see earnings growth positive year on year and that trend will accelerate. -- 2016omparing i-16 and next year followed by 8%. what the market does right now is to start pricing in and anticipate that better momentum and earnings. i think it is quite logical for the market here to follow the future ending trend upwards. yvonne: i you surprised by these impressive moves we have seen ov
in on the markets. asia stocks tracking gains in the u.s. , theng us from singapore head of asia-pacific equity and credit at ubs wealth management. great to have you. you mentioned about these records, the dow rallying more than 300 points, bonds also up. it seems like there's a lot of pressure on mario draghi on this one once again. what if we get another disappointment that we saw in december 2015, it is not seem like we are setting up for that disappointment right now. howard: starting...
to leave it there. you're watching bloomberg. ♪ is 8:30 a.m. in singapore, half an hour away from a open in trading there. i am is yvonne man in hong kong. ramy: i am ramy inocencio in new york. you are watching "daybreak asia" . let's get to first word news. >> president putin has called for a crackdown on terrorism after the russian ambassador to turkey was shot dead. andrey karlov was assassinated at an art ambition. initially his death has been linked to bombing in syria and aleppo. the gunman was killed by turkish security forces. on the run insert after worshipers were shot at an islamic center near the main train station. three men were wounded as they were shot while praying. the shooter is still at large. police say the body of another person was found later. it is unclear if the two episodes are linked. attempted fraud and abuse of authority on the opening day of her trial in seoul, korea. ledrelationship with park to park being impeached. the court is reviewing the evidence and will rule on whether the impeachment is legal. global news 24 hours a day powered by more than
to leave it there. you're watching bloomberg. ♪ is 8:30 a.m. in singapore, half an hour away from a open in trading there. i am is yvonne man in hong kong. ramy: i am ramy inocencio in new york. you are watching "daybreak asia" . let's get to first word news. >> president putin has called for a crackdown on terrorism after the russian ambassador to turkey was shot dead. andrey karlov was assassinated at an art ambition. initially his death has been linked to bombing in syria...
:00 a.m. in singapore, midday in sydney, 8:00 p.m. in new york. i am rishaad salamat. ♪ rishaad: japan had a third straight monthly trade surplus as exports the decline. prudent and neutral, china's leaders say they will work harder to rein in risk next year. australia's
BBC Business Live : BBCNEWS : December 21, 2016 8:30am-9:01am GMT
from singapore. and as economies grow, so too does demand for office space. we'll meet the man behind the firm that matches firms with work spaces — being dubbed airbnb for offices. so we are asking where would you like to work if you had the choice? a coffee shop or somewhere more scenic? let us know. just use the hashtag bbcbizlive. sally, where could be more exotic than here in the business live studio? the clock is ticking for the troubled lender banco monte dei paschi di sienna. the italian bank is seeking over $5 billion in new investment to help it stay afloat. today is the final deadline for investors to buy new shares. the new italian prime minister has sought parliamentary approval for an emergency bailout package worth $20 billion if that investment money doesn't materialise from the private sector. that would be contentious because investors who already lent the bank money will be penalised under eu laws that came into force earlier in the year. poor quality loans are one of the biggest issues facing italy's banking sector. in total, the country's lenders are sitt
from singapore. and as economies grow, so too does demand for office space. we'll meet the man behind the firm that matches firms with work spaces — being dubbed airbnb for offices. so we are asking where would you like to work if you had the choice? a coffee shop or somewhere more scenic? let us know. just use the hashtag bbcbizlive. sally, where could be more exotic than here in the business live studio? the clock is ticking for the troubled lender banco monte dei paschi di sienna. the...
markets". it's a blow to alibaba's attempts to expand out of china. mariko 0i is in singapore. being on this blacklist is not great for a firm that wants to portray itself as an international player to ta ke itself as an international player to take some the likes of ebay and amazon. not at all. and the company was only taken off the list four yea rs was only taken off the list four years ago but the us authorities have said that the company and its online platform is used to sell high—level goods. alibaba has rejected these allegations, saying it polices the marketplace a lot better than in the past. and it also suggested today's political climate in america might have something to do with the fact it is back on the blacklist. they are talking about president—elect donald trump repeatedly accused china of stealing intellectual property during the election. and just appointing an outspoken china critic as the head of the new trade body. but donald trump has not taken office so i am sure the us authorities would disagree with alibaba's speculation that has anything to do with the fa
markets". it's a blow to alibaba's attempts to expand out of china. mariko 0i is in singapore. being on this blacklist is not great for a firm that wants to portray itself as an international player to ta ke itself as an international player to take some the likes of ebay and amazon. not at all. and the company was only taken off the list four yea rs was only taken off the list four years ago but the us authorities have said that the company and its online platform is used to sell...
protectionism and the uk's decision to split from the european union mariko 0i is in singapore. bring us up to date. it's a fascinating issue because of all of those things we've heard elsewhere. trump, brexit, really weighing on all of this. that's right. just as we thought free trade deals are totally out of fashion, asian countries have been pursuing their own deals. if you remember recently it ratified their partnership, which includes 12 countries, including the united states. —— especiallyjapan. trump said he would kill the deal on his first day in office. canada and the eu have been trying to reach an agreement. there has been talk on the tokyo side, whether there will be political pressure, just like the eu canada deal faced, be political pressure, just like the eu canada dealfaced, but it seems that they are getting close to an agreement. and that is a big thing over here in asia. thanks very much. we will check with singapore as we approach christmas. i would like to stay in asia... nintendo tumbled 7% with investors underwhelmed by its latest mobile game. its new game supe
protectionism and the uk's decision to split from the european union mariko 0i is in singapore. bring us up to date. it's a fascinating issue because of all of those things we've heard elsewhere. trump, brexit, really weighing on all of this. that's right. just as we thought free trade deals are totally out of fashion, asian countries have been pursuing their own deals. if you remember recently it ratified their partnership, which includes 12 countries, including the united states. ——...
Newsline : KCSM : December 28, 2016 7:00pm-7:31pm PST
by KCSM
conducted a special city tour the day before the main event. this man came from singapore to race here for the first time. he says he wants to witness the reconstruction process with his own eyes. he visited the building that was once used as a road station. the 14-meter-high tsunami submerged almost all of it. they also entered an area that's off limits to the public where the damage was left unchanged. this huge amount of land is being preserved as a memorial park. >> a lot of things, they learn something from the disaster. they tried to improve it. >> reporter: keiko okamoto is a local resident. ang will be staying with okamoto. part of a new program to foster a stronger connection to the area. okamoto tells ang about the city hall that was reconstructed with singaporean money. >> translator: after the tsunami there was nowhere we could gather to hold events or meetings and it was very hard on our spirits but this magnificent hall was built because singapore donated a large amount of money. we feel very grateful. >> reporter: okamoto is hosting ang at her relatives' house. that's becaus
conducted a special city tour the day before the main event. this man came from singapore to race here for the first time. he says he wants to witness the reconstruction process with his own eyes. he visited the building that was once used as a road station. the 14-meter-high tsunami submerged almost all of it. they also entered an area that's off limits to the public where the damage was left unchanged. this huge amount of land is being preserved as a memorial park. >> a lot of things,...
Newsline : LINKTV : December 29, 2016 5:00am-5:31am PST
by LINKTV
person came from singapore to race here for the first time. he says he wants to witness the reconstruction process with his own eyes. he looks at the buildings that were once used as a load station. the 40-meter high tsunami submerged almost all of it. they also entered an area that is off limits to the public where the damage was left unchanged. this huge amount of land is being preserved as a memorial park. >> reporter: this person is the local resident and will be staying with a new area. he tells about the city with sing porian monument. >> translator: after the tsunami, there was n no place t hold our events or meetings. it was hard on our spirits. this magnificent h hall was bui because singapore donated a large amount of money. we feel very grateful. >> reporter: she is being hosted at a relative's house because the home was destroyed by a tsunami. she and her family went from one shelter to another and eventually ended up living here. >> translator: i'm very happy and grateful to be able to take care of others. i got to where i am thanks to the support of many people
person came from singapore to race here for the first time. he says he wants to witness the reconstruction process with his own eyes. he looks at the buildings that were once used as a load station. the 40-meter high tsunami submerged almost all of it. they also entered an area that is off limits to the public where the damage was left unchanged. this huge amount of land is being preserved as a memorial park. >> reporter: this person is the local resident and will be staying with a new...
village of singapore is nearly 200 kilometers from the sea, but even here, climate change is a growing threat. over the past five years, land about 200 0 meters from ththe regional riverbank has been eroded. over 100 homes have been swept away. forcing 2,000 villagers to leave. a school building tilt as the rirising river has worn away it foundations. it's too dangerous for children to study here anymore. the water is forcing waves of residents from their homes. this 26-year-old former farmer lives with his wife, parents and 1-month-old baby girl. >> translator: we won't be able to live here if more land is eroded. in that case, we'll have to leave this village. >> reporter: he already had to move once four years ago when the rising river swept away their home and fields. without farmland, he had to find a different job to provide for his family. other villagers are also concerned that their homes may soon be swept away. >> translator: nobody will be able to live in this village if no countermeasures are taken. in about a decade, our village may disappear completely. >> reporter: half
village of singapore is nearly 200 kilometers from the sea, but even here, climate change is a growing threat. over the past five years, land about 200 0 meters from ththe regional riverbank has been eroded. over 100 homes have been swept away. forcing 2,000 villagers to leave. a school building tilt as the rirising river has worn away it foundations. it's too dangerous for children to study here anymore. the water is forcing waves of residents from their homes. this 26-year-old former farmer...
Newsline : KCSM : December 10, 2016 12:00am-12:31am PST
challenges for locals. we go to singapore where foreign domestic workers suffer frequent ill-treatment at the hands of their employers. and life is tough for migrant workers in qatar, too. loneliness, homesickness -- is it really worth it? the world is a global village. goods and data move seamlessly between countries. and it's the same with labor -- jobs and workers have become global commodities. there are about 150 million migrant workers worldwide, many desperate to earn more than
developing countries to the u.s. singapore index lost 0.8%. and in shanghai, the composite there lost 0.75%. >>> joining us in the studio now is suzuki. great to have you with us. first of all, we've seen the dollar surge against the yen after the hike. traders were prepared for the hike. what was the surprise? >> so federal reserve develop quarterly. september forecast included two times rate hike next year. 2017. but this time today they said three times. it was a very big surprise. >> is there any other reason? >> yes. three times may only be one part of a reason. another big reason is today's economic forecast doesn't include an economic package. this package must be very aggressive. and this package will be included the forecast. probably rate hikes more than three times. that's why market people are reacting so strong. >> but for right now, fed policy makers are saying three times next year. instead of two forecast last year. what does that mean for the economic prospect by the policy makers? >> now u.s. economy is becoming very -- latest gdp growth numbers 3.2%. so rate is only
developing countries to the u.s. singapore index lost 0.8%. and in shanghai, the composite there lost 0.75%. >>> joining us in the studio now is suzuki. great to have you with us. first of all, we've seen the dollar surge against the yen after the hike. traders were prepared for the hike. what was the surprise? >> so federal reserve develop quarterly. september forecast included two times rate hike next year. 2017. but this time today they said three times. it was a very big...
Newsline : LINKTV : December 8, 2016 5:00am-5:31am PST
. singapore inched down on profit taking after hitting a 13-month high. >>> japan's ruling partieies ha approved a series of major tax reforms in a bid to drive growth. the revisions will take effect from the next fiscal year starting in april. one of the biggest changes will affect the tax credit scheme for married couples. increase the participation of women in the workforce. they can get a deduction if their spouse makes less than $9,000 a year. many women limit their hours to ensure their husbands remain eligible for the credit. the coalition wants to raise the threshold tamore than $13,000, meaning women can work longer without causing their husbands to lose the deduction. another big change wilill t tar alcohol. currently the governmnment leve different, levees different taxes on beer and depending on their malt context. the tax on beer is the highest. the tax rate at 50 cents per 350 milliliters. that change will occur in phases over about ten years. the forms will also extend tax breaks for eco-friendly cars. the criteria they have to satisfy will be stricter. the coalition hope
. singapore inched down on profit taking after hitting a 13-month high. >>> japan's ruling partieies ha approved a series of major tax reforms in a bid to drive growth. the revisions will take effect from the next fiscal year starting in april. one of the biggest changes will affect the tax credit scheme for married couples. increase the participation of women in the workforce. they can get a deduction if their spouse makes less than $9,000 a year. many women limit their hours to...
three weeks. some investors stayed on the sidelines and seoul, singapore and sydney ended little change. indonesia was closed for a holiday. >>> convenient store operator lawson and panasonic have developed a electronic cash register system that bags items for customers. addresses the staff shortages at stores. the two companies tested the system. customers scanned the items they want to buy using barcode readers on theirir shopping baskets. the total charge is displayed on a panel l at the register count and itemsms are automatically placed in bags after payment. the companies plan to introduce the system in which electronic tags eliminate the need for scanning starting in february. customers can take their items directly to the register. lawson says the system will allow it to cut store staff by about 10%. it hopes to introduce the system at several dozen stores after september next year. >>> a japanese banking group is testing a system that allows users to make payment s by havig their faces scanned eliminating the need for cash or cards. the financial frup plans to test out t
three weeks. some investors stayed on the sidelines and seoul, singapore and sydney ended little change. indonesia was closed for a holiday. >>> convenient store operator lawson and panasonic have developed a electronic cash register system that bags items for customers. addresses the staff shortages at stores. the two companies tested the system. customers scanned the items they want to buy using barcode readers on theirir shopping baskets. the total charge is displayed on a panel l...