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tv   Asia Business Report  BBC News  March 20, 2017 1:30am-1:45am GMT

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it comes as north korea claims a breakthrough with its latest rocket test. the us secretary of state said tensions on the korean peninsula had reached a dangerous level. us officials say they believe russia attempted to influence last year's presidential election, but find no evidence of collusion ,;:f—tt ,:,,~ : z, 7 and this video is trending on bbc.com: the $1 million global teacher prize has been won by maggie macdonnell, a canadian teacher from a school in the arctic which can only be reached by air. she was praised for changing the lives of her students. that's all from me now. stay with bbc world news. and the top story here in the uk: police have arrested a man on suspicion of murdering a one—year—old boy at a flat in north london. he will also be questioned over the attempted murder of the boy's twin sister.
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now on bbc news, all the latest business news live from singapore. from a disgraced president facing prosecutors to chinese leader heading down under, we take a look at the week ahead and how it impacts financial markets. and while food companies are trying to offer healthier options for indian goodi healthier options for indian good morning, asia, hello consumers. good morning, asia, hello world. glad you could join us for this monday at edition of asia business report. i am - hizon. it business report. i am rico hizon. it fist; business report. i am rico hizon. it is set to be a busy week. looking at what is on the news and business agenda and how this could impact the financial markets. the korean impeachment saga is set to continue this monday with prosecutors this monday withgmsecutgg- ex—president this monday withymsecutgg- ex—president park questioning ex—president park geun—hye. later on in the week, the
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general council of the european central bank meets on thursday with many expecting a potential rate rise and to round out the week the chinese premier, li keqiang, heads to australia on friday. earlier i discussed what we can expect from some of these stories with a market watcher. most of them are macro news, which tend to affect all the stocks in the markets when something happens. and what have seen in the risk environment has changed since the trump election. we used to worry a lot about macro news in the past several years but since then we are worrying more about company specific news and the dispersion across the stock has led to a news and the dispersion across the stock - has led to a much stock market has led to a much healthier risk environment which has meant we can withstand more macro bad news than we had recently. what about the european central bank eventually raising the cost of borrowing, following in the footsteps of the us? will it happen? europe is going to be a hotbed of
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the next 12 months, the brexit negotiations going on in the background, elections coming in france, and we just had some good news out of holland, so europe is going to be... the risk premium in europe will continue to remain high in the next 12 months because of these things. i don't think talking about raising interest rates right now is the best thing. but of course, despite all this talk of protectionist policies from president trump, we have seen the us market is continuing to rise. but raising the cost of borrowing has kept asian stock markets on the sidelines. some of the markets in asia are worried about that, because some of the markets in asia have us denominated debt, which will get more expensive for them. but there are plenty of countries in asia with no debt problem, no deficits, and for them it is stilljust trying to figure out what is trump about and which of our companies and sectors will benefit from his policies? but
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oui’ will benefit from his policies? but our investors concerned that the fed could get aggressive this year in terms of raising by another 25 basis points, by another 0.5%, on interest rates ? points, by another 0.5%, on interest rates? i think 0.596 is properly $7“; ”5 |nto rates? i think 0.596 is properly $74 into the cost of doing priced into the cost of doing business, but what investors have learnt about central banks in the last eight years or so is that they can be very accommodative when they need to. in other business news making headlines, the president of uber has resigned less than a year after joining uber has resigned less than a year afterjoining the uber has resigned less than a year after joining the country, uber has resigned less than a year afterjoining the country, co. he has said that the beliefs and approaches to leadership which have as”??? approaches to leadership which have iijsj his career are inconsistent guided his career are inconsistent with what he has seen at uber. they been ——f— —r——v with what he has seen at uber. they 57 been a ”f ff” with what he has seen at uber. they $5: been a number. with what he has seen at uber. they $5: been a number of| with what he has seen at uber. they g been a number of controvers|es have been a number of controversies over the country's work culture. angela merkel and shinzo abe have spoken up in defence of free trade despite the increasingly protectionist stance of the us. they
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we re protectionist stance of the us. they were opening attack fear and the statement came after the g20 meeting which dropped a long—standing mention of open trade in their final communique, a move attributed to :;:; from . communique, a move attributed to :;:; from the communique, a move attributed to from the us. communique, a move attributed to ifrom the us. while communique, a move attributed to i from the us. while some pressure from the us. while some businesses are worried about the potential for market volatility in far-1359? ti? §§?§%ef%§31ff¥“% far-1359? eff eéffgffiéfhf‘f ff? others are embracing it, and 2017, others are embracing it, and one of them is the currency trading platform. but as the company starts to gain market share in asia, will investors be so eager to fis into investors be so eager to wade into the currency markets? as part of our series, two minutes with, i spoke to company's series, two minutes with, i spoke to compa ny‘s chief executive. series, two minutes with, i spoke to company's chief executive. thank the company's chief executive. thank you so much forjifggfgfgi us. lets you so much forjoining us. let's start. it is a very crowded market out there. how do you survive? we are constantly seeking feedback from clients, and there are three big our clients, and there are three big reasons - we are one of the top reasons why we are one of the top retailforeigners reasons why we are one of the top retail foreigners exchange brokers out one is retail foreigners exchange brokers out - one is clients are
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out there. one is clients are co nsta ntly out there. one is clients are constantly looking for a trusted broker and we have been in the market for 21 years, and no fines and no citations. you are based in new york. we are based in new york. what are your plans for asia? big plans for asia, it represents 50% of our business today and we continue to invest heavily. at the asian markets are fragmented, do you feel their are enough investors here who are financially sophisticated ? definitely, definitely. we see investors in singapore where we are the market leader but also across greater china - the asean region. greater china and the asean region. and ';“”’ want more engagement and investors want more engagement with the platform, and that is where we are with the platform, and that is where we a re really with the platform, and that is where we are really investing. in education courses, helping people understand the risks in the market, and that is what it takes. people are looking for how do i get my trading strategy. that is true in the world, definitely everywhere in the world, definitely in asia. and isn't it difficult for
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asian investors to learn online trading? they would rather talk directly to their broker, rather than go online and trade. actually, you would find in the case of electronic trading, given 24/7 market access, or 24/5 market access, the way to consume information is so easy, and you can trade on the mobile platform. with the preponderance of mobile é asia i the preponderance of mobile in asia it is very good for investors. 2017, a lot of volatility in the markets due to uncertainty in global events. does thisbode well for your does this bode well for your business? definitely, it bodes well for our traders and our clients, because while there is volatility in market they don't have trading the market they don't have trading opportunities, with more volatility, they will look for "mrs information they will look for more information and use that to trade and be profitable. we are out of time, profitable. we are outoftime... you so much forjoining us, thank you so much forjoining us, from oanda. india has been the standout economic growth - in standout economic growth story in the past. years but increasing the past few years but increasing prosperity has a few downsides as
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well. india's waistlines are expanding as quickly as its bank account. the latest figures say 21% of women and 19% of men are obese, and india's home to more than 65 million people who are diabetic. as health concerns go, consumers are looking for healthier options and manufacturers are taking note, with the world's largest food company promising to make its most popular indian products healthier. our correspondent has the details. some of india's most popular food products are going on a health kick. the company behind many of them, nestle, has vowed to cut sugar in some chocolate and dairy products but its biggest gamble is a plan to but. its biog-3st. gamelffie‘eiewhf salt and sodium content in maggi cutssalt and sodium content in maggi! cutssatt and sodium content in maggi! indians love these noodles. product is back to leading nestle's product is back to leading the market in the category with a 60% share. that is despite a ban a
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few years ago over claims these noodles contained dangerously high levels of lead. indians are over that controversy now, but what do they think of nestle's plans to make their favourite breakfast, lunch, dinnerand their favourite breakfast, lunch, dinner and snack healthier?” their favourite breakfast, lunch, dinner and snack healthier? i would rather prefer to buy something that is organic, as a healthy choice, over a product like maggi. is organic, as a healthy choice, overa product like maggi. i is organic, as a healthy choice, over a product like maggi. i still buy maggi for the fact that it is maggi andi buy maggi for the fact that it is maggi and i like to have fun. you change products and within one month you find your sodium level or sugar levels are normal? i don't think so, but in the long run it is healthy. it is going to make a difference. nestle isn't the only global food brand changing its strategy in india. local brands are moving into the sector as well. spiritual gurus in particular have recognised the potential of marketing flavours organically. these gurus have had natural medicine products . years,
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natural medicine products for years, but their expansion into food and beverage retail is new. and, with hundreds of millions of followers already, turning them into customers shouldn't be - hard. food and shouldn't be too hard. food and drink isa shouldn't be too hard. food and drink is a $57 billion - in drink is a $57 billion industry in india, but alarmed by rising rates of obesity and diabetes, the government is cracking down on manufacturers. it plans to introduce rules on display in fat, sugar and salt co nte nt rules on display in fat, sugar and salt content on packaging and is considering a nationwide tax on food hih in suarand hih in suar and fat. is more food news, this time there is more food news, this time from china, where lobster imports from china, where lobster imports from the united states have hit a new high. american from the united states have hit a new high. amer|can°§f2 is almost new high. american lobster is almost unheard of in most of the mainland until 2010, when the value of imports jumped by a until 2010, when the value of importsjumped by a whopping until 2010, when the value of imports jumped by a whopping 250%. the market continues to grow, and last year china hit a new record, importing lobsters worth more than
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108 million us dollars from importing lobsters worth more than 108 million us dollars from america. and before we go, here is a look at the markets, and asia is starting the markets, and asia is starting the new trading week a little weaker due to the decision to drop a pledge to avoid trade protectionism at the 620. the all ordinaries is down slightly. the hang seng is moving sideways and south korea is lower as well. in i is close for —— the well. in uk is close for —— the nikkei is) of the colony. —— closed for a public holiday. i'm babita sharma. the top stories this hour: president trump has again accused north korea of acting very badly, after kim jong—un claimed a breakthrough in rocket technology. no evidence of collusion between the trump election campaign and russia. that is according to the head of the panel investigating the claims. the rac is warning that most drivers buying new cars will face increased road tax from next month.
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among the worst—hit will be those purchasing more environmentally friendly hybrid vehicles, some of which will attract road tax for the first time. our business correspondent joe lynam explains. since 2001 we've been paying our road tax based on how much carbon dioxide our cars emit. the incetive has been, buy greener cars, and pay less tax. but from next month that is set to change, with road tax, or vehicle excise duty, increasing for newer greener cars, and some customers are snapping up hybrid cars before the taxes go up. already we're hearing dealerships have been very busy inthe buildup; to this change. people are trying to get in there before they get hit by the extra cost. but what we're expecting, anecdotally, afterwards
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is for there to be a lull, especially hitting hybrid vehicle sales in particular, because one of the incentives for buying them from april the first most cars will pay an initial charge depending on emissions and then £140 a year after that. hybrid cars will get a £10 rebate, but still pay £130, compared with nothing at the moment. and cars costing £40,000 or more will face an additional premium. the new duties will have no affect on cars already on uk roads. will be fair to motorists, and improve air quality by encouraging the take—up of cleaner vehicles. but will the new charges deter drivers who already own cars with low co2 emissions? i think it probably a good idea to try and encourage people to buy environmentally friendly vehicles, if at all possible, so i would suggest it's better to charge a lower road tax. what's the point in having lower—emission vehicles if you get absolutely ridiculous. i think i would be more worried
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about the environment. this is a plug—in hybrid vehicle, which means, when it is running on its battery, it doesn't omit any noxious gases at all. more than if you bought it today. some believe that will dis—incentivise people from buying green cars. joe lynam, bbc news. a gay clergyman has accused the anglican church of homophobia after being rejected as a bishop. the very reverend jeffreyjohn was not chosen as bishop earlier this month. he has written an open letter to the church's senior bishop saying that homophobic remarks had gone unchallenged at a meeting and he had been told it would be too much of a headache to appoint him. time now for all the sports news in sport today. hello, this is sport today,
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live from the bbc sport centre. coming up on this programme: honours even as manchester city and liverpool finish 1—1 in the premier league. australia's marc leishman wins the arnold palmer invitational earnigg an invite to themasters! and roger federer wins a record equalling fifth indian wells masters title. hello and welcome to the programme where we start with football and in the english premier league manchester city and liverpool had to settle for a point apiece as they battled out a thrilling 1—1 draw at the etihad stadium. it was a hugely entertaining game with controversy throughout. james milner put liverpool ahead against his former club six minutes

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