monday, and this is trending business. ♪ we are going to be a lot of in singapore and the live in singapore and kathmandu this hour. a shattered nation, thousands injured in nepal and numbers expected to rise. 100 climbers stranded on mount everest. on property sales in hong kong and the bank

expanding abroad. stand up to try to. -- to china. to do what is right with the beijing land reclamation. you can follow us on twitter, do not forget to include the #which is #trendingbusiness. let's have a look at what is going on in singapore and malaysia starting trading days. here is david. david: we are seeing across markets today, regional benchmarks up slightly, .05% by semitruck. -- last time i checked. for the fifth time straight. down .25%. that said, what is driving things at this moment, it is quite. australia 7%. ore uplooking at iron

through this morning. if you compare this to the start we are up 22% for the price of iron ore. anyway, basic material stocks are up 1.7%. you have oil and gas up 1.25%. that is because we are seeing prices continue to enjoy up this morning -- inch up this morning. highest levels since december 8 of 2014. u.s. dollar.he of losses as far as the benchmark is concerned. back to you. rishaad: getting back to the top 500y, 25,000 people -- people believed to have died in the earthquake in nepal.

the number of victims is expected to rise. tremor killedude at least 19 foreign climbers on my everest. -- mount everest. nepal is one of the poorest countries in asia and economic losses could be as high as 17% of gdp. 30 look at what is happening with the devastating -- taking a look at what is happening with the devastating earthquake, international response. eb: getting aid to the country is a major operation. the united nations says that 6000 people that 6 million people are in the zone of the earthquake and it is one of the zonemillion people in the of the earthquake at it is one of the poorest countries in asia with myriad problems, colorado a olera aent -- ch

poorstent issue and sanitation and kathmandu and other villages could lead to a health crisis. operation,ajor governments from china to india to israel pledging aid. the united states sending supplies as well as a, china pledging $3 million on the outset. india expanding aid and setting up medical caps. india -- camps. india moved very quickly to deliver aid. we have to keep in mind that the capital was a crowded place to begin with, a village that grew into a city. did suffer from sanitation issues, lack of water resources, and overcrowding. so this is a major issue in terms of people finding shelter. many of the villages near where the quake hit, they are very remote. you need to walk through them. the -- to them.

rescuers need to work through to see what happened. rishaad: we want your opinion so hashtagthe #trendingbusiness. is crunching numbers. strong performance. haslinda: a record performance, q1 profit 951 million u.s. dollars. by two things,d higher income and also a one-time gain. rembert they sold a property investment in hong kong in that quarter. headwinds.ad, expected. bs expecting lower loan growth

but there may be a buffer which is lower -- rising interest rates. the fed will hike sometime this rates move inpore tandem which gives scope to impose greater charges on borrowers. it may help offset slower loan growth. singapore's economy is cooling, not great news given that the local market accounts for 62% of dbs'revenue. they have a buy or hold rating on it. thank you very much for that. haslinda amin. dds' latest earnings. the family feud at the top of volkswagen has ended in anddrama with ferdinand

into decades of unyielding authority over the all maker. -- over the automaker. there was a power struggle throwing them into disarray. they publicly challenge the authority of the ceo martin winterkorn and dismissed him as a potential successor as chairman. winter corn has been a close aide for decades and this attack came without explanation as board members backed winterkorn. this ends to decades of leadership where he pulled the company back in the 90's and transformed it into a global powerhouse. majoris on the verge of a milestone with iphone sales in china expected to surpass those in the united states. apple will be releasing results later in the day. they do not break down shipments by country but analysts say they

may have sold up to 20 million iphones in greater china as composed to 14 million to 15 million in the u.s.. all in all apple will show earnings for the quarter ending last month jumping by 20%. plus both 6 and six desired with larger screens have been quite popular among .onsumers in china not to mention that the chinese new year holidays are expected to have given apple a sales boost. tim cook is working to double the number of stores in china by the middle of next year. a greek mayorope, and trade unionists have rallied in athens about orders to transfer money reserves to the central bank. the government hoping to raise $1.6 billion to pay concerns -- pensions and state salaries. the mayors call it an illegal cash grab. will not get more aid until

bailout terms are met. has fought to unlock more aided after striking a deal to extend the bailout in february. they have expressed confidence but euro store leaders have not dispatched the euro zone leaders have not dispatched more aid, euro zoneece will -- leaders have not dispatched more aid, hoping greece will reveal concrete steps. to 46% in theen local survey as compared to 56% a month earlier. rishaad: the story on bloomberg business is 10 years of the airbus. into turbulence with a lack of orders. that is on bloomberg.com, check it out. later on the program, will be boj spring a surprise to reach inflation targets? we will discuss that and more with daniel martin but coming up nextlater on the, bridging the . challenges facing a nations

as leaders gather. ♪

>> stories making headlines around the world, international condemnation over the indonesian decision to execute convicted drug smugglers. the issue 24 hour -- they issued 24 hours notice on saturday. australia has made a last-ditch appeal for clemency and say there will be consequences if people are put to death. at least 14 people have been killed in a series of car bombings in iraq. the deadliest happened at a mosque in the center of the city. they have seen violence with explosions targeting the explosions and the shiite majority -- targeting the city

and the shiite majority. southeast asian nations are being urged to stand up to china over land reclamation and the south china sea. asean are in kuala lumpur and say that it is worsening. beijing claims sovereignty over 80% of bc. three years ago -- of the sea. ago, they agree to negotiate but little progress has been made. rishaad: we have been looking at the asean plans for integration and expects the regional community to be worth more than a trillion dollars by 2025. joining us is the chief asian-pacific economist. it is likely to be one of the key manufacturing hubs in the next 10 years. glenn: absolutely and i think we

are already seeing the evidence of that. 2013 was input in larger than it was into china. i think given the demographic differences across asia, we have the more expensive and elderly population to the north and the cheaper, more youthful populations in southeast asia. it is all but inevitable that manufacturing platforms drifted southward into the asean. and the commencement of the asean economic community from december 2015 will be an important enabler of that dynamic. rishaad: the thing is, we have this meeting taking place in kuala lumpur, prime ministers and presidents meeting. it is about integration. this is going to be absolutely vital, isn't it, glenn? glenn: it is. there will be so much synergy

that can be released and efficiencies with the seamless flow of capital and labor across the borders. it is a very ambitious integrated agenda which is being the asean bywhich its own admission has not met. that is why i would say the commitment the commencement from december 2015 is neither the beginning or the end point -- the commencement from december 2015 is neither the beginning or the endpoint but a marker of what will be a seamless flow through the region. weis an ongoing journey but believe that even a poorly integrated asean or what we think and is he in -- and asean characterized by three district markets, singapore, the vietnam, marketers, and the frontier, cambodia and laos, offer a lot of efficiencies and opportunities for value in global supply james

to extend into the asean -- supply james to extend -- chains to extend into the asean. rishaad: who are the likely candidates? glenn: we are already starting to see european, japanese, and international stocks returned to the region. it is important to look at the economies with which the asean has signed free-trade agreements. this is important for australia and new zealand. asean has an infrastructure deficit, as high as $8 trillion, which will need to be built to further integrate the region. hard commodity exports look fine. as the production platforms shift and the populations urbanized and you see disposable income growth, the calorific content of the asean diet will rise. and demand for food

commodities. financial integration is perhaps the final frontier. there is lots of opportunity in the financial and services sector as well. it is a multifaceted opportunity for geographies, and consumers. rishaad: that is it at the end of the day. you talk about integration, getting together to discuss this, but there are competing claims. they are rivals in many regards. is there an appetite to get this done? glenn: absolutely. i think if you look at the neighborhood, you have china to the north with a population of around 1.2 or 1.3 billion people and india to the west with a population at around 1.5 billion. asean needs to find economics of scale. we think this is what the asean

economic community will do. perhaps the other thing which is leading to a bit of skepticism on what is going to drive this movement towards greater economic efficiencies is it is not the political multilateral architecture that you saw in europe. secretary only employs 300 people. the eu commissioned 34,000. the asean will not be an overly bureaucratic structure like the eu is but i think as a political level there is an understanding of the importance of integration, of achieving economies of scale. and more importantly i think there is a very strong commitment to it. rishaad: is china the main loser of a more integrated asean and indeed one that could be an economic rebel? -- rival? glenn: it certainly will be a

case that market share is going asia.redistributed across the average age of manufacturing work in china is now 37. in japan, 43, korea, 41. into southeast asia, that drops to 21 or 23. so i think new foreign direct investment will increasingly be looking at the cheaper and more useful populations in the asean which was almost exclusively a china decision previously. within the asean we have to be aware of that as you move towards the free flow of labor and capital eventually if production platforms do not move to where the cheapest labor is located the new risk indexes of labor from those economies to where the production platforms are, such as thailand and vietnam.

that is a key challenge. you need to have the vocational training and the deepening of skill sets to enable a more even skills distribution and not large flows of labor. rishaad: glenn, great talking to you. blend from tokyo. we are taking a break but "furious seven" holding on to the top spot for the fourth week. we will have a look at that when printing business returns. -- --nding business "trending business" returns. ♪

"trending business. -- this is "trending business." settled andloria's interest payment on the 2015 note but the company has to pay something like $30 million of the principal on the bond in october. they have been struggling with falling sales, revenue dropping by half last year. has defied calls to quit as chairman of an indian liquor maker controlled by asean. afteranted him to go

inquiries into a loan made over a three-year period. this includes loans made. "furious seven" was number one at the u.s. box office for the fourth straight weekend. universal has collected billions in ticket sales. since the company was released. they are the third movie in the last two years to take the top spot for four weeks. let's have a look at some of the big events happening in the course of this week in the region. japan' is prime minister shinzo abe is visiting the u.s.. he will be visiting brack obama at the white house. they are expected to discuss a range of issues and maybe announced a trade deal as well. sticking issues are agriculture. there is a strong demand for chips. more details on wednesday when the company announces final results.

we will find out how well the new phone is selling. on thursday bank of japan releasing the latest quality statement and we may hear more about long-running attempts to hit 2% inflation by next march. the international monetary fund says it is increasingly hard to predict when the boj will meet the target, pointing to the uncertainties in oil price and wage growth. it is a big fight, some have called it the fight of the century. it is this weekend, sunday asia time. pacquiao and mayweather. mgm grand in las vegas. than 1000 tickets were made available to the public and sold out within minutes. of course, you can get more on all of our top stories of the day wherever you are. the movie bloomberg a -- download of the bloomberg app

for your mobile device. searching for survivors. the human and economic costs of 's deadly earthquake. of the trading week is about to get underway in hong kong and shanghai. we will give you the opening numbers. we are talking to daniel martin olds inhat the week h store with u.s. gdp data and the reserve. china's latest data as well. daniel martin will be on with us and 12 minutes time but up next it is china and the hong kong open. ♪ -- in 12 minutes time but up next it is china and the hong kong open. ♪

rishaad: a look at our top stories, the international community is gearing up to send vital aid to nepal where the u.s. says that lies ran at risk after the earthquake. at risk after the earthquake. 19 climbers died on everest and others are cut off by avalanches. companyt asia's biggest posted gains. they are putting this down to a higher interests and a one-off property sale in hong kong.

the philippines has called on standast asian nations to up to china in disputed waters. the prime minister telling the meeting that china is poised to have control of potentially rich seas and islands. china is coming on stream, here is david. david: strong out of the dates with the shanghai composite, 44 and 41 or the shanghai composite, up 1%. for the shanghai composite, up 1%. that looks like a disaster waiting to happen but good on you, for the investors. a quick look as well at the index, the hang seng, out of the gates. regulator,curities will be targeting creating by

brokerage employees -- targeting trading by brokerage employees using nonpublic information, cracking down on insider trading. china announcing on the weekend of a will be raising gasoline prices on the mainland in in gase to the uptick prices, at the highest in the year. by 285.hould be up we are watching individual 58%ies, china bank with a drop in first-quarter profit. this is what came in earlier this month. said, they are saying you have to compare this to last year. from the firster quarter in 2014, a little bit higher, inflated on what they call special conditions including large investment gains. non-cash.

this is a fairly substantial profit, first-quarter net's dropping 95%. energy down 1.54%. net income roughly half of what the level was a year ago. rishaad: back to the top story at this hour, nepal. the international response. a huge operation. zeb: we are expecting as logistics improvement in the days ahead that you will see dozens if not hundreds and thousands of foreign aid workers pouring into the country. we have seen a concerted effort by india on the border. china has plunged $3 million at the outset -- led $3 million at the outset and the united states as well. before you can get the workers there and get them down to business you need to be supplies and the infrastructure and --

need the supplies and the infrastructure and that is a challenge. that great to begin with and now it is more of a challenge. rishaad: the situation could be made much worse by the weather. zeb: heavy rains yesterday and rains forecast for this week and june is where the monsoons begin. some places do not have roads so that is a difficult situation. with the devastation that exists right now, 6 million people according to the u.n. in the area affected by the quake. rishaad: there was a summit to discuss the impact of those kinds of earthquakes. governmentears the was ill-equipped and humanitarian organizations from the red cross to world vision and others could not do enough in advance to prepare for this kind of event. you have to have the will of the government and the funding to make it happen.

the government is coordinating the international relief effort so it will be up to them how this plays out what the needs are dire and the big concern -- but the needs are dire and the big concern is health, making sure that the contaminated water and corpses do not lead to a public health crisis. and children, one million children. rishaad: and mountaineers trapped on the mountain. thank you so much. let's see the reaction on social media to the story. social media expressing condolences as well as support for all of the people in nepal/ one person sending prayers to everyone in nepal, another saying maybe rescuers be successful in the mission to help nepal recover. a beautiful country with beautiful people. aid organizations have taken to social media to ask for donations, testing to help keep children safe after the nepal

earthquake. . also asking people to text them to give $10 to support survivors. people surviving to those postings, saying thank god for unicef for helping those in need. following the disaster, governments have rushed doctors and volunteers to nepal. has released an initial $1 million for humanitarian assistance and someone saying that the u.s. can afford to give nepal more in money and assistance. climbers remain trapped on the side of mount everest. many people have expressed support, asking the authorities to send out but others have been more critical, saying that was a risk anyway and everest was not an amusement park. that is the reaction on social media. rishaad: we have a special program on the earthquake later today. this morning, the human and economic cost of the disaster,

international aid efforts getting underway. that is 11:30 hong kong and singapore time. you, timees for warner moving on from the failed merger with comcast. sources say it has been contacted by advisers from charter communications. we are told that charter wants to buy the company quickly. warnerrce says that time is concerned that the combined entity would carry too much debt. time warner shares surging by the most and charter beginning on the session -- charter gaining in the session on friday. libel probe litigations but the bank beat estimates. that was more than double the expectations. it was driven by increases in debt and equity trading and a $1.6 billion fine.

a million i has bought a stake in the chinese slot for maker xiomai. is in india, the biggest market outside of china. they launched the multilanguage program over the. -- over there. we can have a look at what is going on at the meeting in malaysia. being asked to stand up to china over land reclamation and disputed markets. you are joined with more on this. -- we are joined with more on this. sophie, tell me more about the valuable assets in the south china sea. right, there is dispute regarding china's reclamation activities in proximity to the islands on which the philippines and vietnam have made claims.

malaysia is pushing for the standard communication but as you mentioned, the philippines is urging asean to stand up to china. on sunday, the malaysian foreign minister cautioned against using counterproductive action, severing ties with china. the philippines is saying that unless a code of conduct is agreed to soon it may legitimize the reclamation activities. rishaad: despite the territorial dispute, china is a cheat economic partner for the asean countries. -- key economic partner for the az and countries. sophie: jill politics aside, china is these -- geopolitics aside, china is the single biggest partner for the asean countries. asean is looking at and infrastructure financing gap of one trillion u.s. dollars annually until 2020 so for china

to fill the gap incapacity is something to consider in the conversation with a player such as china. last week in jakarta, indonesia and president joko -- indonesian said there should be a new order and the echoed the sentiment saying that institutions like the imf and world bank are not up to date with the changes in the world. he sees it as a step in the right direction. ony landed in kuala lumpur sunday evening and are likely to maintain the rhetoric. rishaad: what else is on the agenda and what is next in the summit? sophie: you saw pictures earlier of leaders and officials streaming into the kuala lumpur convention center. they will continue talks, later today they are expected to issue the kuala lumpur declaration which is focused on what will be a people centered asean to help

shape the post 2015 vision. the formation is not likely to meet the full requirements by the end of the year. later this afternoon officials will be expected to draft a statement on the moderation movement. this is in response to the emergence of threats involving the islamic state in the region. we have to remember that this event is a preview of the main summit happening in november when leaders from the major economies from around the world will be attending to meet with az in counterparts. -- asean counterparts. rishaad: find out what is we areng on the ground, joined by the president of the mountaineering association. thank you for joining us. what have you heard? morning. president of the nepal

mountaineering association as well as the chairman of a company. this is on 25th, in nepal. , there wasthe impact a big avalanche from three different mountains. which affected the base camp of mount everest. , some, climbers

are dead and 61 climbers rescued yesterday morning. rishaad: thank you so much for joining us. ang on the line from kathmandu. up next, standby for further easing. is japan willst show resolve this time. ♪

>> stories making headlines around the world, thousands of people arrested in baltimore -- people arrested in baltimore after a protest. the protest was about the death of freddie gray. objects atn throwing police and looted a convenience

store. six officers have been suspended. orders in athens against to transfer money reserves to the central bank. the government made the executive order hoping to raise $1.6 million to pay pensions due this week. the mayors called this an illegal cash grab. euro zone finance has said that greece will not get additional aid until bailout needs are met. the man who has led kazakhstan for more than 20 years is heading for a sweeping election victory. he says he coldly pulled to allow a vote for continuity. falling oil prices -- called the poll to allow a vote for continuity. 97%poll gives him more than of the vote. his closest rival is at less than 2%. let's have a look at the key economic data points

coming out in singapore. thank you very much for joining us. let's start out with the bank of japan, it has tried desperately to get to the 2% target in inflation by next march. you are suggesting they could give us a surprise this week? >> i think so. i think the case for further using is very strong. easing is very strong. inflation not rising towards the 2% target but the boj wants -- that the boj wants. they are giving hints that they will loosen policy but they need to and the courage they have shown in the past, we think this could be one of the weeks where they do that. rishaad: would it work? that is the point. we know that it does

have some effects. we know that it has driven down the yen, that it has been positive to the stock markets. there are other factors at play like the tax hike last year that gave the economy a hit. on the inflation side we have the fall in oil prices. at the moment, it is the right asng to do to increase purges and show the bank of japan commitment to the 2% target. they can convince households and businesses they will do what it takes to get there and it should eventually have the fact but so far it has not done enough. this week it would be good for kuroda to do more than the markets are expecting. let's move on to other data points because it is a busy week. moving to china and having a look at the latest gmi numbers.

i think we can confirm the slowdown taking place. daniel: i think it is more than likely that they will. in the first quarter we obviously have some distortions from chinese new year, which was very late this year. it was quite hard to get a handle on the data. we have now had the pmi for april and that was weaker and then were expecting and it confirms the economy is not doing as well as we were expecting. that is still around where it was for the last six months so the economy is not picking up. it seems to be cooling. maybe not as bad as the dramatic headlines. also the bank of china has a lot to do to get the economy going and we expect them to do more in the coming months. that, aree have seen we likely to see interest rate

cuts proper in the pipeline? daniel: one or two more interest rate cuts. they do not want to go back to what they did several years ago when they spurred another ramp-up in lending but they want to move away from the reliance on credit growth and investment growth. they want to see the household sector driving the economy more. the slowdown we have seen is quicker than they would have wanted. they will be leaning against that. they want to stabilize growth from 7% this year, slow to 6% over the coming years. they will be alarmed by what has happened so far. rishaad: let's have a look at the big, big one. u.s. gdp. a few signs of late there is a e to the economy. how much of that is down to the weather? a big factor,s

the extremely cold weather in the northeast. we are looking at an extension of 1.5% annualized which is more than people are expecting -- expansion of 1.5% annualized which is more than what people are expecting but it is a reflection of the underlying restraints. job growth was not great in march but generally the economy has had an adequate amount of jobs. easing.al drag is now there are signs the banks are getting over the reluctance to lend. i think most of the factors are pointing to strong u.s. growth. it is just in the first quarter, the weather waiting on the on the -- weighing economy. rishaad: thank you so much for that, daniel martin from capital economics joining us from singapore. up next, as rescuers race to

find survivors and nepal -- in nepal, we take a look at social media. ♪

rishaad: let's take a look at what is trending on social media. sherry: we are checking the social media reaction to the earthquake in nepal. lots of people sending out condolences, hosting support for people in nepal. one person commenting on a news article, saying what a tragedy, it will be monster get back to normal, or years. -- the monks to get back to normal, or years. to get back to normal, or years. it is about social media platforms doing what they can do help people. facebook has launched just a few months ago the safety check website where you can check if

you are safe if you are in the area or no other people in your area in nepal are safe. you also have google, the storage is a few years back in 2010 after haiti occurred, you can look for someone that has information on people. becausee this is tricky in order to use facebook or google you just basically need internet connection of course. google has not been successful in the past years but there are people out there being very grateful these services are out there and you can let your loved ones know you are safe. >> people are trying. i want to go straight to some video that has emerged this morning. video that has come online. it shows the moment that the avalanche database cap at mount everest. morning,ching this nearly 9000 views this morning. it shows the sheer force of the

moment that the earthquake triggered the avalanche. this is base camp and you can see the force as you have snow and blocks of ice pummeling their way down. many people still trapped there. most of the 19 deaths reported are at base camp but at camp two,pd people still missing. commenters horrifying looking at the vision emerging. other comments reflecting on how frightening the videos are. we want you to note the next comment that talks about how it is difficult to watch these videos. but that does not mean we do not look. sherry: just having videos is helpful to give us insight into

what is going on. now i send it back to you. the next hour of the program, the latest on the situation in nepal after the deadly earthquake. this is "trending business." ♪

rishaad: it is monday the 27th of april and this is "trending business." ♪ in kualawe are live lumpur and jakarta in this hour but first a look at what we are watching. a shattered nation, thousands dead and injured in the nepal earthquake. the international aid organizations swings into action. the u.n. warning that lives are at risk. oil is at a six-month high on concerns that supply will be

disrupted. it is risen 18% this month alone. -- aseanna, is he in leaders or to do what is right about land reclamation in disputed waters. you can follow us on twitter, not forget #trendingbusiness. the markets are in full effect. david: but me point out what is happening with the japanese yen, this chart has two parts. you have this part and this part where it flat lines. a narrowing trading range. this results in the options market, the least amount of debt on the japanese currency if you go back to when a half years. as far as short contracts are concerned. there is an absence of movement. what do i have next.

hang seng index. up 23% over six months. 360 points. -- 48,460. half of that is because of this one stock. are up 5% for a second day. points overt 160 the 360 points we are seeing here -- of the 360 points we are seeing here on the index. there was a report that hbc may be considering splitting off the u.k. retail banking business worth about 20 billion sterling according to the report. inside people, basically. they did not identify the people.

the breakup would move the .eadquarters out of the u.k. it is here in hong kong. , 24% at 5%, shareholders voting against the report. the executive report of hbc. bullan is very heavy -- ion is very heavy when you look at this. back to the top 2500 people have died after the earthquake in nepal. -- aftershocks continue to shake the area around kathmandu. the initial from her triggered avalanches on the mount everest killing 19 climbers and guides. the economic losses could be as high as 35 or even 50% of gdp.

the devastation of the earthquake of course grabbing the world's attention. zeb with the news of the international response which is a huge operation will stop zeb: -- operation. the responsee having no albeit slowly because getting injured kathmandu and the countryside is a challenge. -- into kathmandu and the countryside is a challenge. china committing $3 million to a cause and the united kingdom sending specialist teams to kathmandu but there is only so much they can do at this stage. take a look at the devastation. that men do is a very populated kathmandu isge -- a very populated city, a village, as some described it, that grew into a city and it has problems with infrastructure

which could turn into a problem as the search for survivors goes into the third day. the risk is disease and the impact it could have on a terrible situation. rishaad: let us go to kathmandu. an organization with 90 people on the ground which has been there since 2006. what is the situation like on the ground? still tremors being felt for the last two or three days. the people are in a state of panic for what to expect next. of the people are very scared to go back to their own houses or they are camped outside in open spaces with families and friends and communities together. like,ple are just

uncertain as to what to do next. when the tremors are going to stop and they feel safe again. rishaad: what are the priorities at the moment? what is needed on the ground? sanjay: well, the immediate needs because we are coordinating with the government ministry of home affairs and the immediate needs are basic supplies like blankets, dishes, water, bottles. and clothing to keep warm. the government has established around 16 temporary evacuation places where a lot of displaced people are being catered to so most of the supplies are being requested by the government to help the 20,000 or 30,000 displaced people in kathmandu and around.

rishaad: tell me something, what about the obstacles you are facing and all of the nongovernmental organizations, ngos? bad weather, aftershocks. sanjay: well, there is a mix of everything. i think. yesterday it started raining late in the evening. that was bad because we have just one highway coming into it and onene -- into nepal international airway. coming in could be disturbed. right now the government and the agencies are estimating what the extent of the damages our and what the real needs on the mored are so this will be sure in the hours to come because now the weather has started improving. the last from her we felt was

tremor wefrom her -- felt was at 6:00 in the morning. the immediate needs are coordinating between humanitarian agencies here, the government, and the private sector. working together collaboratively to meet immediate needs like shelter. and medications, medicine and all of that. rishaad: thank you so much. mercy corps joining us on the line from kathmandu. programhave a special on the earthquake later this morning, the human and economic costs and the aid effort getting underway, coming up at 11:30 hong kong and singapore time. 1:30 in sydney. nations are being urged to

stand up to china in the south genesee -- south china sea. potentially valuable parts of the south china sea. certainly, in the south genesee there are islands were nations other than china are making territorial claims -- where nations other than china are making territorial claims. the minister is attempting to push out a joint communique which will have the usual rhetoric surrounding how asean should not have counterproductive action towards these type of actions so as not to unsettle ties with china which is the biggest single trading partner for the region. given as well the china led infrastructure investment bank closing the gap for infrastructure investment in southeast asia. there is a lot to contend with four asean -- for asean.

rishaad: let's have a look at the other stories we are watching today. let's get it over to sherry. southeast asia's largest bank has reported first-quarter estimates.thatg income rose 3% to a record $953 million for the months ending in march. a one-time gain from selling a property investment in hong kong. rising domestic interest rates which time to a six-year high in the first quarter, imposing greater charges on borrowers. this is helping to upset slowdowns in lending as the economy goals. singapore generated more than 60% of dbs' revenue last year. loans rose 11% from a year earlier. volkswagen as the

family feud with their has ended in a high drama -- family feud there has ended in high drama with the end of two decades of unyielding authority. stepped down after losing in a power struggle that through volkswagen into disarray. he publicly challenge the authority of ceo martin winterkorn and dismissed him as a potential successor as chairman. orn, who has been a close confident for decades, came ch withoutck from piefc clear explanation and the spat continued after people back to him. this -- backed him. a tycoon has defied calls for him to quit as chairman as an indian liquor maker controlled by them. the board wanted him to go

following an internal inquiry into loans and deposits made by the company over a three-year period. threes the end of a rocky years since the company was acquired by diageo. they have begun a detailed inquiry into transactions including a loan to entities under mallya. mallya is rejected the call for his resignation saying that the board's decision is based on half-truths and twisted facts. back to. rishaad: later on, criticism and consequences. and international condemnation. indonesia prepares to execute nine convicted drug traffickers. details live from jakarta.

earnings continue to tumble but will they make a recovery? a positive outlook on india coming up next. ♪

live images coming through from the capital of nepal, kathmandu. 8:00 in the morning right now correctly. many residents -- currently. ay residents lost homes as result -- many residents lost homes as a result of the earthquake. spent outside and the many are afraid to return to homes after strong aftershocks in and around the capital. we will leave the images for the time being and take a look at elsewhere. india stock futures are slightly higher after the biggest weekly loss this year.

concerns about corporate earnings responsible for that. our next guest retains a positive outlook on india. he manages the franklin india fund. he is in singapore. thank you for joining us. and resumet a blip upward trajectories? yes, on a point of view we continue to be positive. i think that there are many catalysts for strong earnings growth in india. the corporate sector margins are close to a historical low and i think there is room for that to expand. we also expect growth to activate for a period of time macroeconomic stability improving. i think all of these are pretty strong catalysts for the market to perform in a four-year

timeframe. rishaad: absolutely and we have a government which wants structural reforms put in place. what will be the priorities and the difficulties of getting reforms instituted? are prettyfficulties obvious. trying to score victory on every small point by the opposition. they tend to be pretty populist. positionackling that and keeping the confidence of the electorate will be the key challenge. in terms of what they want to do and should do i think there is efforto be significant on improving the infrastructure and transportation. infrastructure, i think the government has some plans to

improve the infrastructure. one more area they are working environments for businesses to grow jobs. significantlyd and there seems to be some recognition within the government that they have to make progress there. i think these are some of the areas i think they will focus on. sukumar, what does your fund like in india at the moment? which ones have you included and which ones have you shunned? sukumar: we have a universe of 200 to 300 companies that analysts track on a regular basis. our focus is on a combination of

quality, sustainability, and growth. go into thes portfolio. ofwe have quite a bit exposure to the private sector banks in the portfolio because we expect that they would grow at more than 15% per annual the next five to 10 years. and also maintain good levels of profitability. we have potential exposure to industrials, information technology, and health care. much.d: thank you very sukumar from franklin templeton. >> stories making headlines around the world, dozens arrested in baltimore after violent protests over the death of a black man in police

custody. a small group split from the main rally and began throwing objects at the police. some people also looted a convenience store. six officers have been suspended while the death is investigated. at least 14 people have been killed in car bombings in baghdad. the deadliest attack happened outside of a mosque in a commercial area in the center of the city. baghdad has seen worsening violence with near daily explosions targeting security forces and the shiite majority. officials's blame the islamic state militant group and sunni extremists. international condemnation is growing after indonesia's decision to execute convicted drug smugglers. the issued a 72 hour notice on saturday. -- they issued a 72 hour notice on saturday. a last-minuteput appeal for clemency. rishaad: checksum social media.

-- checks on social media. we look at how google and facebook are helping in nepal when we return. ♪

rishaad: more on the top story, 500 people have been killed and -- 2500 people have died in the devastating earthquake in nepal

and that number is expected to rise. >> rishaad: help arrives for -- >> help arrives for a man trapped in a building in kathmandu. m is the dead body of somebody less fortunate. nexte man pulls three, -- to him is the dead body of somebody less fortunate. saturday's earthquake is the largest to hit kathmandu in eight decades. the destruction magnified by poor building standards. hospitals are overwhelmed by those hit with debris. places like this are now home to many. the bare basics of life are covered with canvas for shelter and the army providing water. >> it took everyone by surprise and people flooded out of the shop. the street was filled and people were grabbing each other and

everyone waited for it to finish. once it finished there were lots of people running to open spaces. >> in the background of the constant threat of aftershocks keeps everyone on edge. this one was magnitude 6.7, a ownr earthquake in its right. with saturday's huge earthquake fresh in mind, the fear of this causes cannot be understated. paul allen, bloomberg. rishaad: trending on social media at the moment, let's gauge the reaction. sherry: the reaction on social media as expected has been huge, especially from online companies trying to devise ways to help people in the disaster area. multiple payment companies, creating a cash tag for people to donate to. effortssers can support to support unicef relief efforts

to help families. you can wire your money. paypal is doing the same, waiving fees for donations. facebook and google with these safety check features on their site where you can pick if you are in the area or not and if you know anybody in the area, whether you are safe or not. google having this person finder tracking website in order to help people locate loved ones. anne: everyone coming together to try to help. shocking video going viral on youtube. it has nearly 9000 views and shares on twitter this morning. it shows the moment the avalanche that base camp -- hit base camp on everest. it shows the power of the ice and snow and boulders as they hit climbers.

19 people have been killed and there are dozens missing. this is horrifying as the comments are showing on youtube, people showing how difficult it is to watch. commentorther youtube having to say that it is hard for us to watch this but it is good for us to watch it as well so we are aware and can help. fromy: a lot of comments the iphone pictures coming out. give you a sense of the disaster . that was the reaction on social media today on that story in nepal. we will be back in a few minutes with "trending business." ♪

still at risk in nepal after the earthquake. many survivors are now living in tents and a makeshift camps. time is running out for 10 convicted drug traffic spurs from six countries facing execution in indonesia. i have been told that they will be facing a firing squad at midnight the site lobbying and

condemnation. a record first-quarter profits of more than $950 million speeding estimates thanks to higher interest in hong kong. getting back to our top story, the earthquake in nepal, two and a half thousand people have been killed. we can get the latest now from kathmandu. describe what you have been seeing. [indiscernible] local hospitals, these are some of the biggest hospitals. .t is a 600 that the hospital over 2000 patients. coming. of them are doctorsto a couple of

who said that the situation is even worse. when it comes to the earthquake. the scale is so much that they were not able to match up. waiting outside on the road up to the hospital. >> absolutely. can the authorities do more? the aid getting through already? >> we arrived this morning and there was an aide at the airport. there was drugs.

anything to stop the spread of infection. that is what the doctors are fearing now. they are actually concentrating and theural areas authorities are working to try to manage the crisis. >> thank you very much for that. we will have a special program on the nepal earthquake later today.

the international aid effort is getting underway, 11:30, half past one, if you are in sydney don't miss it. international condemnation is growing over the decision to execute a convicted group of drug smugglers as early as tomorrow. we are joined in jakarta. very good day to you. >> good day to you. the plan is for the execution to happen within days, possibly as soon as tuesday. nine of the convicts have been officially notified that they will be executed soon. been transported to a high-security island where they are set to face a firing squad. he still had an outstanding legal appeal.

the nation does allow convicts to file twice before considering a verdict final and binding. governments have warned indonesia of the possible of damage over going ahead with the execution, monkey moon has appealed to stop the plan by the government demanded other countries respect indonesian law enforcement and not interfere with domestic affairs. they have maintained that strong stance and are offering a five year gap. executions have been carried out this year. >> thank you for that. let's just check on the other stories we are following for you. time warner maybe moving on from its failed warrior -- failed merger with comcast.

charterbeen told the wants to buy the company quickly and has approached banks about financing but time warner is concerned of the combined company would share too much debt. surging by the most in over a year. charter also gaining on friday. deutsche bank would have had record first-quarter profits if it had not been caught up in libor. still, they more than doubled expectations as the result was anden by increases in debt a $1.6 billion fine related to their rival settlements. the ceo says their strategy in india is their biggest market in which they have launched the multilanguage program over

there. let's have a go at moving over the moment. >> a few things and want to ,ention in the update, futures for, a fresh 2015 hi here oil prices going back to december. that is a foreign the half month high for prices up 14%. take a look at the taiwan dollar, there you go, moving towards the right side of your screen. no secret that it is a massive amount of money coming into the stock market. that being said, that's the biggest single day move of strength against the u.s. dollar if it still continues to play out over the next hour. look at what happened to the stock market. whoops, there we go.

up 1%. aboveory here, briefly 10,000 for the first time in 15 years, they will -- they were a little bit below that. it was a relatively small market in asia, look of the amount that has gone into the market, punching above its weight. japan, india, this market has attracted the most amount of net at 13.3 orlooking 13.4 billion over the past 12 months or so. let's switch gears to look at japan. flat, bobbing its head above the water. mitsubishi motors, down, missing here as far as the profit out oft from sony, 1%

the newspaper coming to the profit forecast for this current fiscal year, ending in march of 2016. 300 billion was the figure given to the newspaper. keep in mind the minimum end of this forecast, let me give you the number here, $350 billion short. let me see, japan tobacco, preliminary full-year profits beating profits, city has raised that to buy in the last week of upgrades from brokerages. looking back to last week, april 22, six banks up that stock, 3.4% up, ¥60 billion beating forecasts according to the newspapers. lower oil prices making at the

bottom line. i will leave it there. >> shares are falling in singapore despite the bank reporting record profits in his first quarter. what is going on here? >> if you are scratching your head, don't. record profits have expectations ahead, analysts expecting slower loan growth, key driver on numbers, $950ng million. a beat for dbs and a record profit as you said. things, boosted by two higher interest income as well as a one-time gain. they had sold a property investment in that quarter, rising interest rates could help to buffer the expected slowdown in lending. as you know it is expected to

hike sometime this year. if that happens things are likely to move, allowing lenders to impose greater charges on borrowers. like most of asia, their economy is slowing. not great news, it relies heavily on the local market, accounting for over 60% of revenue last year. they have to do something about that. >> what do they do to counter the slowdown in singapore? >> looking elsewhere in asia, china and particular, it accounted for one third of the revenue last year. 8% was from other parts of asia and the rest of the world, including the likes of india, paving the way for foreign lenders to step up competition with foreign rivals. easing banking rules already. very difficult, very challenging

. take indonesia, dbs tried to acquire them and made a $6.5 billion bid, failing to win approval for the majority stake, but not to be as it turned out. >> we have got to take a break, but on the other side of it, predictions on, payments, how long can they keep their heads above water? ♪

>> our top story, nepal is one countries, thest earthquake that took place there on saturday was even more devastating. we have news on the international aid effort.

it is a race against time, isn't it? >> diseases the big concern right now as you have this rescue effort continuing into the country, an estimated 6 million people here, one million children in the quake sound, of course don't forget tourists, many, many tourists visiting that part of the world, many of ,hem remaining unaccounted for governments trying to ascertain how many nationals are there. take a look at these still images that have come in as we continue to see the devastation. the relief effort is just beginning. china and indonesia immediately offered money, medical relief, the united states offering millions. ,here will be much more coming certainly time is of the essence

in such a dire situation. helping,ather is not rain and the monsoon season over the month. >> at the start of this week that was coupled with aftershocks and a terrible overall situation, it is an all-out search and rescue and time is what they do not have on their side. >> thank you for that. >> stories making headlines around the world, rallying in athens against orders to transfer local money reserves to the central bank, the government made an executive order hoping to raise $1.6 billion this week. mayor called it an illegal cash grab. finance ministers last week told greece that they will not get more aid until the bailout

turns. the man who led kazakhstan former than 25 years is headed for another sweeping election victory. he has called a poll to allow a vote for continuity. falling oil prices with strong economic growth, one exit poll , the the buyers 97% closest rival unless than 2%. southeast asian nations urging china over reclamation in the south china sea for a two-day summit, the overlapping maritime arguments are worsening, beijing claiming sovereignty and building on a series of disputed islands. two years ago they agreed to madeiate progress that was -- made. >> the care for the debt

hangover, why not the equity market. what are these numbers telling us? >> equity fundraising biscuit surpassing. companies having secondary offerings, raising funds to grow as well. composite at $82 billion, so far this year in 2015. $61 billion by the end of this year. >> making hay at the moment while the sun is shining, what happens down the road? with the rising stock market, four out of the last seven, booming in china since 1992, crashes have been triggered out

demand. i want to bring up three companies. most of them are using the proceeds to pay off the debt. raising as much as 5.8 billion in the secondary, 60% will go to paying off debt. that is what we're seeing right now. >> are there concerns about an asset bubble here with supply outstripping demand? >> there is the stock market crash, absolutely. january, reach 165% in the highest level since data began compiling in 2005. on the flipside of that, i talked about four out of the seven crashes being prompted by supply outstripping demand.

that is where we need to watch. >> steve, right, thank you. refusing to quit, the indian boss the five the boards as they put their chairman over in mumbai when we return. ♪

down overcounting you in mumbai. we are 15 minutes away prayer at the moment it is a concern that united spirits has asked the chairman to reside following an internal probe. what does this investigation actually cover? >> the billionaire owner of the

largest company there shows 2012 is making headlines again for all the wrong reasons. after they were forced to shut down the unpaid dues they resign from the board siding lost confidence and internal devotions were under their control declining the board decision say that saying is based onision half-truths and twisted facts in 2012 with the majority stake to continue as chairman for five years. culmination of a rocky two years.

transactions included a loan of $200 million. boardy do exit from the ofis the end of the reign the tycoon that holds beach parties for a formula one racing team even after the banks declared him someone not in a position to repay dues when mounting that had forced the grounding. >> thank you for that in mumbai. let's find out what is going on in terms of what's trending today. >> people have commented on the online updates, what's going on in nepal? people sending out messages of support, condolences for the people, the video here captures the exact moment when an avalanche hits a base camp on

mount everest going viral, viewed one million times, people commenting saying it is horrifying, another person saying it is one of the scariest videos he's ever seen, another person said that he did not plan on watching the video but then he eventually did because watching it did not change the fact of the tragedy, people posting messages of support. saying that nepal is a beautiful country with beautiful people. online businesses have jumped in to help the victims of the disaster. square just created a cash tab for people to donate to. usa tweeting out the square users can support relief efforts to help the families affected by donating to this. you can see the cache tag right there. thatl has also announced

they were waiving fees for donations from several aid organizations. mix,e and facebook in the offering safety check services for people to check those in the area in the disaster zone, safety check launched back in october sends notifications to users and ask them if they are safe. you can check whether or not you are safe or just not in the area , you can indicate with other people that you know and what they are doing, either they are safe or not. google also has released a new .eature called person finder that was released back in 2010, you can search for the people you're looking for or if you have found someone that was missing. those are the trending stories at this hour.

more in the program later on the nepalese earthquake. the international aid effort is getting underway in just over half of an hours time from now. ♪

>> this is the scene at the heart of hong kong. another trading day, this is "asia edge." a look at our top stories, we have got devastation in nepal, international aid operations underway, lives are still at risk. a four-month high on oil with concerns about this -- supply disruption in the middle east, beating expectations on higher

interest in their one-off sale. cure for the chinese debt hangover, why are marketes turning to the for financing with $161 billion in secondary stock offerings expected this year? that and much more in this edition. >> we are on market watch. as you can see here things will be much the same, the most recent run notwithstanding, recent markets across the region hitting fresh multiyear highs, 13 days of being out of the last 16, mostly higher, brent at the highest level, 22% to 23% above the level of the start of this month. across the region if you had to pick a group of winners it's the oil names, unsurprising, moving it it -- up.