tv Asia Business Report BBC News September 27, 2018 1:30am-1:46am BST
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our top story: president trump accuses china of trying to interfere in the upcoming us midterm elections. speaking at the un security council, trump said beijing doesn't want him to win because of the escalating trade dispute between the two countries. china has denounced the "unwarra nted accusation". an investigative website says its identified one of the men suspected of the salisbury nerve agent attack. he's reported to be a highly decorated russian intelligence officer who was awarded the country's highest state honour. and this story is trending on bbc.com. president trump says he could withdraw support for us supreme court nominee brett kavanaugh, if he thought he was guilty of the sexual assault allegations made against him. stay with bbc world news. and the top story in the uk: labour leader, jeremy corbyn, says his party is ready to govern and insists there must be an election if mps defeat the government's brexit deal.
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now on bbc news, live to singapore for asia business report. us stocks you raise gains after the federal reserve list the cost of borrowing once again and hints that one more hike may happen before the end of the year. —— you raise. find out how one indian entrepreneur is turning his family business into a global success story. gladlyjoin us for gladly join us for another exciting addition of asia business report. we start off with interest rate and the us central bank, as expected, the
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federal reserve boosted its lending rate via one quarter of a point, marking the eighth increased since 2016. plans are continued to grow. —— point. markets don't like surprises and today's fed meeting had absolutely none. a well televised rate increased in nothing to dent confidence and even though the central bankers here send —— said they plan to increase interest rates not once more this week, but into 3019, that isn't dent investor confidence either. that is because economic conditions here, arejust right for raising interest rates are. the us economy is growing at a healthy pace, wages are increasing and inflation is in check. which isn't to say that storm clouds are not on the horizon. although mr powell said he wasn't worried about the prospect of tunnel —— donald
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trump's trade war hurting economic growth, he did issue a note of caution. if the end of place to get to is lower tariffs, that would be good. trade generally supports productivity, higher incomes and fair trade under nationally accepted rules can be a good thing. i think if this inadvertently goes to a place where we have widespread ta riffs place where we have widespread tariffs that remain in place for a long time, more protectionist world, that we bat for the united states economy and for american workers and families and also for a big economies. —— other. families and also for a big economies. -- other. but for now, they are in an enviable position, they are in an enviable position, they stand a far removed from a fatuous political environment and market turmoil and can focus on one task, to make sure that interest rates in the us are not too high, not too low, butjust right to give us economy humming along. donald
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trump blasted canada over the slow pace of talks over the renegotiation of the north american free tape —— free—trade agreement, also known as nafta. he is so happy that he rejected canadian prime minister's request for a one—on—one meeting in new york this week. casts feud —— further doubt on the trade arrangements, which has $1.2 billion trade between canada, mexico and the us. donald trump has said that he has agreed to the japanese promised that start talks on a bilateral free trade agreement that tokyo has been resisting. the japanese companies are getting anxious about the next on the list to be hit with tariffs and one of them is cosmetics giant shisedo. the 100 would secure a japanese firm has seen shares rose more than 50% so far this year, a
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confidence boost to the chief executive. the former coca—cola executive. the former coca—cola executive is now banking on china as its next big growth market. he told the bbc the current trade war between the us and china is very concerning. i have to be watching what is larger than to the consumer psychology. if people are going to become pessimistic and conservative, then there could be some impact on consumptions and behaviours of consumers. you consumptions and behaviours of consumers. you focus consumptions and behaviours of consumers. you focus more on asia and china now particularly with the amount of growth coming from china? i believe shiseido has a big advantage understanding chinese consumers, asian consumers. and offering them appropriate products and services. trouble on trips
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first heard about 1mdb when the goldman sachs was making a crazy amount of money and selling bonds for the fund. about a year later and investigative website and a malaysia newspaper had this explosive story about how money had been taken out of the fund by a 27—year—old financier. we started to dig in and we had a few exclusives and a few months later we reported that the prime minister of malaysia had received $681 million into his account. there were a lot of intricacies in this whole scandal. very concentrated. was a difficult to put it into this book? —— was it. yesterday when we wrote for the wall streetjournal there were a lot of money trail scandals and a prime minister was still in power, it is very difficult to explain how it happened. this book is a true crime story, we are based it on scenes and we have based it onjolo, he used
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his money to build a hollywood empire, get to know leonardo dicaprio. a perfect script. could turn into a movie. watch this space. how could this all and? obviously, 1mdb -- how could this all and? obviously, imdb —— najib how could this all and? obviously, 1mdb —— najib razak, who lost power in may, he will face charges and jolo is on the run in china will charge him. he is a straight talking, shoot from the hip executive who is considered the darling of the automotive history. he turned round the company ‘s grandfather founded, making it he turned round the company ‘s grandfatherfounded, making it one of the world ‘s leading motorcycle manufacturers and has now set his sights overseas, buying a large sta ke sights overseas, buying a large stake in europe's in one motorcycle maker. in this week's game changer series, my colleague caught up with him. with 17 one half million two
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wheelers sold last you, india has the largest market for these in the world. but companies like pujash autho are looking to replace these vehicles with electric vehicles. he plans to launch the first in 2020, but at unlike companies want to keep the price low to attract top —— customers, the managing director of the company wants to do the opposite by selling it as a high end product. it must be sold not as an environmental solution, people don't find it charming to buy batteries that it must be sold as a chic and sexy product that you must have. this is not the first time he has taken a contrary and approached. would enjoy the family business in the 1990s, he was already a household name and was known for
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making this scooter. it had a ten year waiting period. but when sales started to decline and demand for motorcycles went up in india, he shocked everyone by shutting down the scooter business to focus only on motorcycles. it was not that we chose motorcycles over scooters. the choice that we made was to be a global company and not a domestic company. strategy has paid off. he is the —— they are now india's largest exporter of motorcycles, with a percent of companies revenues coming from export. on motorcycles are in the 70 countries and the compass is that every third motorcycles sold in africa is the pujash study they also have a stake in ktm motorcycles at. apart from motorbikes, is also the world ‘s largest producer of three wheeled taxis at used by millions in india. but they want to replace them with
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the greener and more fuel efficient a—wheel vehicle called the quad cycle. it may seem counterintuitive to introduce a vehicle that challenges the companies previous directions. but once again they are taking a diverging parts. directions. but once again they are taking a diverging partsm directions. but once again they are taking a diverging parts. it was interesting to do it yourself than to have someone else stock you. interesting to do it yourself than to have someone else stock youm might seem like a tough task, but he is using this opportunity to re— invent the company once again. more on the compa ny‘s invent the company once again. more on the company's vision this weekend on the company's vision this weekend on bbc world news. thank you for watching, i am on bbc world news. thank you for watching, iam rico on bbc world news. thank you for watching, i am rico hizon, on bbc world news. thank you for watching, iam rico hizon, wife on bbc world news. thank you for watching, i am rico hizon, wife and our. “— watching, i am rico hizon, wife and our. —— bye for now. this is bbc news. the top stories this hour: president trump has accused china of trying to interfere in november's us mid—term elections to stop him from winning. the real identity of one of the suspects of the salisbury nerve
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agent poisoning is revealed to be a russian colonel, according to an investigating website. the british government has apologised to the thousands of people who contracted hiv and hepatitis from infected blood products in the 1970s and 80s. almost 3000 people died as a result. our health editor hugh pym reports. victims of the scandal have been remembered during these opening days. these images are on display in the building where the inquiry‘s based. nearly 3,000 people died after being treated with contaminated blood products. i think it's necessary... the inquiry was told of the attitude in downing street. this letter is dated 16th may, 1996, from then prime ministerjohn major. it indicates a very clear attitude of government and its perception of its duty to its most vulnerable citizens. in it, john major rejects the idea of compensation for victims, in contrast to the irish government. he goes on to suggest that some might benefit from lottery grants. that was the response
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to the worst treatment disaster in the history of the nhs. much anticipated by victims and their families was the first statement to the inquiry of the government's position, with a lawyer representing the department of health and social care, in effect covering official health bodies going back to the 1970s. things happened that should not have happened and so, on behalf of my clients, i say unreservedly that we are sorry. we are sorry that this should be so, that this happened when it should not have done. she said the government would waive any legal right to withhold documents, though campaigners fear many have been destroyed. michael, seen here in the middle, died after contracting hiv and hepatitis c. his brother, barry, on the right, was also infected with hepatitis. he gave me his reaction to the government's
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stance set out today. i think it was a good start. i think they need to back up those words with actions and the actions are twofold, and make full and frank disclosure of the documents that they've got, and start acting on whatever thejudge comes up with in his interim recommendations. with private messages left in bottles by those infected and affected, the initial hearings have come to an end. the public inquiry resumes in april. families hope then it will start to get to the truth. hugh pym, bbc news. mike kimberley is he with the rest of the day ‘s news in 15 minutes time. —— mike embley. now on bbc news, sport today. hello, i'm tulsen tollett, and this is sport today, live from the bbc sport centre. coming up on this programme:
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a perfect six, asjuventus win again to maintain their unbeaten start to the serie a season in italy. the spanish champions struggle, though, as barcelona have less joy, losing for the first time this season, going down to leganes. and wang qiang keeps chinese hopes alive as she moves through to the quarter finals of the wuhan open. hello and welcome to the programme, where we start with the footballing news that juventus remain undefeated at the top of italy's serie a. that's after a 2—0 win over bologna in turin. two goals in the opening 20 minutes proved enough for max allegri's side, with paulo dybala claiming the first after he hooked the ball back when blaise matuidi's shot was parried by the goalkeeper. and it was matuidi who was the recipient of a cristiano ronaldo pass for their second, keeping them three
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