Skip to main content

tv   Asia Business Report  BBC News  February 8, 2017 1:30am-1:45am GMT

1:30 am
our top story: government lawyers have been fighting to reinstate president trumps travel ban in an appeals court. the court has been hearing arguments from government and washington state visionary swedish professor hans rosling, who made graphs and data fun, has died at the age of 68. and this video is trending on bbc.com. barack obama, now the former us president, has been enjoying his new found freedom by kite surfing with the virgin boss richard branson. the pair were competing to see who could surf for longer, a challenge which the 44th president of the united states won. doesn't he look a,” , , this-5‘s: more " doesn't he look a,” , , this-5‘s: more to " and the top story here in the uk: byzpromising thatsgarliameg byzpromisingthatparliament howe, fl
1:31 am
:: with iron ore , byzpromisingthatparliament howe, fl ' with iron ore earnings byzpromisingthatparliament howe, fl q and ore earnings byzpromisingthatparliament howe, fl q and making nings byzpromisingthatparliament howe, fl q and making nin! switch to recovering? and making the switch to renewable. they look at taiwan's powerplay. good morning, asia, hello, world. glad you could join us. i'm rico hizon. we start off with rio tinto and the world's second largest biggest producer of iron or is set to reveal its numbers later today and expectations are higher. iron ore is the main ingredient in steel
1:32 am
and ab contribute. after falling for two years, prices have recovered in 2016, helping the company's performance. earlier i ask an a nalyst performance. earlier i ask an analyst in sydney about the forecast. we expect rio tinto to report fall earnings for 2016, somewhere in the vicinity of 4.7 billion us, or 5 billion us. in 2015 they only reported $4.5 billion us net underlying profit, we believe this will be the first profit the company will report for some time thatis company will report for some time that is actually higher than the previous year. what has really been the main catalyst for rio tinto's earnings rise? is it all about the recovery in iron ore prices? no doubt that iron ore will be the key player in terms of the improved profit outlook for this year. we did see iron ore across the 2016 year
1:33 am
improved. it was a tale of two halves. lowering the first half and better in the second. the first month of the year, the price of iron ore is looking resilient, but can this performance is § careful @ we see a price; ,. see a price; because don't go up forever. t1163 do qticesdnrflt.%ug fnrevecmlhe¥ gig moved down as well. unfortunately moved down as well. but we expect in 2017 that china will be the big player. still. it imported over 2 billion tons of iron ore in 2016. we expected it will import at least 2 billion tons plus in 2017. the momentum will maybe be slower than 2016, but certainly we believe prices will be kept somewhere in the $85 region for iron ore through the course of 2017.m other business news making headlines, india's central bank will
1:34 am
review its monetary policy later today in the first meeting since the government announced a status budget and the second since the move to ban cash. any economists expect a rate cut of at least a quarter of a point due to slowing inflation and a responsible budget. joining us from mumbai is... apologies... he has shown up! can you hear me? yes, sorry, i heard your question. the indian central bank is being watched closely. this is the first monetary policy revenue after the budget, which was announced one week ago, and the second monetary policy after india went ahead and banned for two most widely used currency notes. most economists expect there will be a rate cut because last time when the central bank net when it was widely anticipated that they would cut rates they didn't do it for two
1:35 am
reasons. first of all inflation was high and secondly the two notes which were banned by the indian government... they still wanted to see the dado, what kind of impact it would have on the economy. at this point in time it is clear that inflation has slowed down and also the economy has slowed down because of the ban on the two currency notes. that's why most economists feel this is the right time for a rate cut. there's also a school of thought that that given the bands, which are flushed with a lot of funds right now, as a lot of money came back in the system, the reserve bank of india might want to wait for a rate cut because bank rates have already gone down. the lending rates have gone down. they may as well do a rate cut after a quarter or two when bank stock producing the lending rate, because this will have a large impact on the ground. currently the central bank is caught between a rock and a hard place, whether or not to cut rates or keep
1:36 am
rates on hold ? whether or not to cut rates or keep rates on hold? well, i mean, the big question for the central bank is whether it feels it is important at this point in time to go ahead with a rate cut. if you look at the larger indian economy ever since the two notes were banned, it has had an impact. the economy has slowed down, sectors are suffering. home and car sales have gone down, consumer demand has taken a major hit and that's why there are concerns that india had become the fastest growing economy over the past year, so surpassing economy over the past year, so surpassing even economy over the past year, so surpassing even china. it might not grow at the same pace for the next few quarters. the imf and world bank have all cut their forecasts for india. the revived this, visitors feel it is important that the rate cut... banks start reducing rates, so that businesses can borrow at a cheaper rate and consumers start borrowing money, so that they can 51:9. rt}! borrowing money, so that they can
1:37 am
start — and frf’mef, 5— one grrfmjaj, 73 one thing grr’mjij,7 one thing?! 7 7 reg/lye rowth. but one,t ' ' ta ke reg/lye rowth. but one,t ' ' take i you reg/lye rowth. but one,t ' ' economy ”i recover. = reg/lye rowth. but one,t ' ' economy ”i recover. —— i reg/lye rowth. but one,t ' ' the| economy ”i recover. —— i reg/lye rowth. but one,t ' ' the| ec| rupee f? recover. —— i reg/lye rowth. but one,t ' ' 86%... severe | prime heads for a 41—4 112.4; +- |'::l——x-— a...— -. with 41—4 1555545: 5- |'::l——5-— 55... -. with trump. = close the countries are close trading partners but ever since mr trump took office relations have turned more frosty. earlier i asked if the sentiment in japan had more frosty. earlier i asked if the sentiment injapan had changed regarding mrtrump. sentiment injapan had changed regarding mr trump.|j sentiment injapan had changed regarding mr trump. i think there is cautious optimism. when mr trump scrapped the tpp there was a shock wave that ran through the business community, but right now with shinzo
1:38 am
abe's visit to america people are hoping that he and trump will cut a new deal which benefits both countries. is there also are concerned that the japanese government is cosying up to much to mrtrump? government is cosying up to much to mr trump? i think there is. mr abe is pressured by mr trump to for insta nce is pressured by mr trump to for instance appreciate the japanese yen or by american automobiles, which have not been known to sell at all injapan. have not been known to sell at all in japan. that would have not been known to sell at all injapan. that would be considered humiliating, but i don't think mr abe will concede in that way. he already has a financial deal which is offering from that japanese side, so if trump and shinzo abe strike up something which is beneficial to both i think the community will feel optimistic about the trump administration. when all is said and done who do you think will benefit from this us— japan trade business relationship? by intuition right now is that the us will benefit a bit more, but in the long
1:39 am
fill the vacuum@ ‘for decades taiwan nuclear power for decades taiwan will stop it ms z.‘.,_.il.i1i1:..,.. nw. by? by'y used into by'y "ice cultivating ' w ' 7 l is ’ helping t5525 helping taiwan these fields are helping taiwan produce more energy. produce more renewable energy. because the soil is damaged, most crops no longer grow here. so now farmers are helping produce something else instead. they earn money by leasing their land to solar energy companies and taking care of the panels. translation: i never imagined our ancestor‘s land can be used in this way. he is one of hundreds of local
1:40 am
farmers whose land is getting a new lease on life. there are projects like this the rout lease on life. there are projects like this £55 59mg and or unused land and turn them quality or unused land and turn them into solar energy farms. solar panels have also been placed on landmark buildings, including this aquarium, the stadium and even this prison. it is part of plans to do away with nuclear energy, which currently produces 14% of taiwan's electricity by 2025. that includes scrapping this newly built nuclear power plant before it opens. as well as solar panels, experts say taiwan needs more wind turbines and natural gas power plants if it is going to replace the shortfall from nuclear. the government wants green energy to eventually produce a fifth of the
1:41 am
island's electricity. although green energy is taking over agricultural land, that doesn't mean a complete end to farming. translation: solar panels can generate electricity and underneath we grow mushrooms. the electricity we generate is clean energy. it is good for taiwan's air quality and good for the world. looking at the regional stock markets, as you can see most markets are in positive territory. tokyo's stocks are higher, driven by a cheaper yen and gains on wall street. thanks so much for investing your time with us. sport today is coming up next. the top stories this hour: president trump hopes to get his travel ban reinstated. a court in san francisco has just finished hearing the arguments
1:42 am
for and against, as protests continue. the visionary swedish professor hans rosling, who made graphs and data fun, has died at the age of 68. children as young as ten are feeling the pressure to look good in selfies, that's according to a survey for bbc newsround. it found that more than half of ten to 12—year—olds they questioned used social media to share selfies, and three quarters said looking good was important. but many also said they didn't like their parents putting pictures of them online, as david sillito now reports. you get likes, and you get comments. sometimes, people get more likes menu, and you may get a bitjealous. i take about five before i pick the one, and then i post it. there is a bit of pressure. if it's
1:43 am
a bad picture people wouldn't like you. of course it isn'tjust a bad picture people wouldn't like you. of course it isn't just the kids. this slightly older birthday family outing was equally being shared online. they do it more than you? yes. shared online. they do it more than you ? yes. they shared online. they do it more than you? yes. they are always getting a photo, doing selfies. and it is not just them, it is the family. you've got kids? yes, five and three. do you post pictures of them?” got kids? yes, five and three. do you post pictures of them? i do, yes. they can't say whether they wa nt yes. they can't say whether they want it or not, can they? no, but the pictures are for friends and families to see, i have a quite private profile. it has become part of everyday life for millions, but some children are unhappy with certain pictures, not their own, pictures their parents are taking. more than one in four children have been embarrassed or upset. when my mum takes pictures of me she will do
1:44 am
it when i'm not looking and then she will just put it it when i'm not looking and then she willjust put it on. maybe when you post photos, like, they could ask first, because most of the time tééifgl.l4li.‘!.!!l.5 .— n
1:45 am
1:46 am
1:47 am
1:48 am
1:49 am
1:50 am

60 Views

info Stream Only

Uploaded by TV Archive on