by a wing watching up. the search will not give up. wage in japan is barely enough. let us know what you think of today's top stories by following me on twitter. trading in indonesia just getting underway. ate we are having a look trading thus far. shanghai is in focus. juliette: we are going to look at the shanghai composite. it is on track for a very steep monthly loss. down by 14% over the last 30 days. you can to the big slump that was when the government intervention came in. of course, this week we had this big fall. down around 9% over the course of the week. we will see more weakness coming

through today. there will be manufacturing data. you can expect investors will stay out of the market ahead of that. he shanghai composite is down by 1.7%. things look a little bit better in hong kong. still some support for those shares there. malaysia is looking quite good. it is down by to present. in australia we are seeing a gain. we have commodity routes continuing. by 0.1%. a lot of japan coming to with companies coming up with earnings today. reactions have been mixed to this morning. japan,: looking at entering the busy stage, the

three biggest banks posting results. shery ahn will be can expect. shery: we are expecting a lot of numbers this morning. more than 300 companies in the topics report day. so far it is been pretty positive. of the 598 firms that have reported, 59% at the expectations. stronger with 60% coming in above estimates. your past three largest banks, mitsubishi and others report after the close today. they are expecting to report except the rated corporate lending grosses. growcomes as expectations about a weaker yen. japan's corporate lending rebounded in may, growing 2.9%.

that is after slumping down for two months in march and april. such accounted of accounted for 60% of the total loans. lingering yen depreciation is expected to spur gains on overseas as well as jumping an average of 59%. of course, that was helped by acquisitions and overseas offices. we will see how all of this plate into the banks earning reports later this afternoon. rishaad:we go to a tale of two banks now. southeast asia is the second-biggest lender. live a southeast asia, breakdown of the numbers so far. ocbc rose 14% from a

year ago. got amillion estimates, it boost from domestic interest rates, which are near their highest levels in years. that allowed them to increase charges to borrow. also business in china. lending in china doubled. it is boosted by what it did in october. confidence remained positive in the key markets going forward. theor, you said, it went other way. to $554 million. estimates were for $600 million.

banks still face the prospect of a weaker loan growth this year. contracting amid in asia wide slowdown. week.ns 50 next hurten recovery have exports in many asian countries. rishaad: thank you. we have a detailed look at that story later in your program. let's get your opinions. @rishaadtv. let's have a look at some other stories now. david: a few other stories, let's look at japan. encouraging in the light of government efforts to raise inflation. if you take a look at the lowest

end of the spectrum, that is about ¥780 and our. that is about six dollars an hour united states. in tokyo, that would set you back ¥800 a bowl. reported that a central government panel has suggested an increase. just under ¥800 and our. that decision will be made locally depending on conditions in different areas of japan. millionts over 3 japanese who own this much -- earn this much. be an extra ¥30,000 a year. that is roughly 230 u.s. dollars

on top. might be enough for two weeks of groceries. where does japan set? can see,, as you nowhere near the likes of australia or germany. just below south korea. let's shift gears here, no pun intended, and talk about cars. a growingen relationship between manufacturers and these innovators in silicon valley to find ways of making driving easier and safer. toyota, shares are up for a third day now, they're doing just that. they're turning to a smaller supplier. instead of looking at apple and a smaller is choosing company that also supplies ford and gm. when is a smaller, i mean really

small. it is 1500 times smaller than google. but should not matter, toyota says the deal allows them to offer unique search and navigation experiences. truck16 tacoma pickup which should be coming up on your screen and the second, would be the first to feature this scout gps link. let's wait for that to come up. there you go. finally, we are heading to beijing. announce whereto the 2022 olympics will be held. just like a scene out of frozen. i would get to that in just a moment. think that snow was

important, and beijing does not get a lot of it. beijing gets very cold, but there is a chance that it will ofy get a very mild amount snow. if the chinese capital does get events mayme skiing be held 100 miles away. create artificial snow. when it comes to these high-profile events, the chinese government always has the task of putting on an impressive show. that decision comes out towards the afternoon. another story on bloomberg business is the story of the missing malaysia airlines. have a look at bloomberg.com.

so the government, writing that the indian banks. we look at some high-profile defaults. live in mumbai later in the program. plus, 10 minutes is all it takes to make a good investment decision. we hear from the cofounder of an investment fund. stay with "trending business." ♪

rishaad: your back with "trending business." deciding fort says a good stock can happen in 10 minutes. of a fundcofounder that is been named one of china's top investment funds. some would say you could just number looking at someone. victor: it is true. i do have a very unique way of

judging -- rishaad: tell me about that. us,or: is a person comes to to share his dream, i can immediately find the passion is a real passion. can the person continuously worked very hard to try to have his dream come true. does he meet any obstacle on the way? if this is authentic, i think this person is trustworthy and we put money in him. rishaad: it is delivery, isn't it? that is perhaps where your experience as a teacher comes in. we do find a very important qualification in the person which is integrity. if they have integrity, you can trust them totally from the very beginning. integrity plays an important

role as an entrepreneur. he tells me what he is going to do and will do that. rishaad: 10 minutes. presumably with a 32nd lift pitch. victor: yes. rishaad: or no elevator pitch i should say. sets our fund is an early-stage fund and we don't have a long time to make a only out of can we find thatt time what he is trying to do. we try to find a demand for the market, whether it is mass or niche market. research, which is

about a clear product name and indeed being able to summarize the core value in one sentence stop the mission statement. betor: our fund is trying to true in entrepreneurial friendly. first of lesse than one page term sheet. that is in early staging investment in china. we believe that if we guaranty or secure the founders interest, then we will benefit from that. why we should ask for more? rishaad: what i was getting at was that anyone approaching you should have these two things. they can summarize the core value, and a decent name. victor: yes. i think that is very important. if they can't states their

mission using one sentence, i think they must have thought of it very clearly. bether this is going to successful does not really matter. the thinking to me is the depth of the company. make that, and this will be the seed for how fast this company will go. rishaad: let's talk about some of your success stories. in ar: we have invested former google scientist who left two years ago. what he tried to do was use his fielded research in the of computer visual recognition create a generation of surveillance technology.

what the camera can do is just record and archive it. but what he tries to do, according to him, he will make real smart itself a eye. not a recorder. it can really analyze -- rishaad: something out of the ordinary. victor: it can try to make a judgment if the behavior implies is something else. is this dangerous? is, it will give an alarm. rishaad: what are you excited about at the moment? victor: what i'm excited about?

of high-quality setups in china. all of the talented young people want to get into this industry w ith a lot of original ideas. they want to change china, or change the world. we are the first in a round of people who have the opportunity to share their dreams with them. that is what we are excited about. rishaad: victor, thank you so much. right, let's have a look at some of your stories making headlines. corruption has ensnared a former army general. he's accused of receiving bribes.

he has been expelled from the of legalch strips them protection. they could set up a military trial. he is the highest level of us are to be caught up in this more than six decades. members will be asked if they accept his plans to reach a deal that will include tax rises and budget cuts. the rebels threaten to force new elections. myanmar has released thousands of prisoners under a presidential pardon, among those freed were 150 chinese workers. there is no official list of prisoners, but they include social activists as well as journalists. up next, from the bbc, to

amazon, plans for a new tv series. in the social media reaction might after this. ♪

♪ welcome back to "trending business."

a chinese video streaming service is planning to raise half $1 billion to expand into sports. they said they could use additional funds to buy the broadcast rights to italian soccer. the chief executive says that fundraising would evaluate at $3 billion. and store they will market confidence, the company plans to pledge up to $1 billion worth of funds. -- plunge and stocks leasing reaching almost 20%. forecasts failed to meet estimates. toyota has shunned apple and goodle and chosen a lesser-known company for the navigation. market value more than 1500 times smaller than google.

on toyota seen first 2016 tacoma pickup truck. the automotive theme continues, with something trending on social media. david is here. these presenters, your favorite show. gear." year. -- david: they get signed by amazon prime. that will be exclusive by 2016. a lot of reaction, mostly positive. let me just get to one of this, this one coming from amazon itself. this is when they announced it. we got a brand new ride, and the three hosts only on prime. clarksonfrom jeremy

himself. he said, is he going to be -- he said no i will not be driving. shery: talking about journalists, facebook is making good use out of them. they're hoping that this drone and fly over to rural areas being in internet. this is huge. it is the wingspan of a boeing 737. it weighs about one third of a previous car. to carryt even need fuel because it is solar powered. the whole surface is covered with solar panels. it will stay on air about three months and beaming internet. this is part of facebook's attempt to connect the world.

i don't think it is that awful do not have access in this busy meantime, freehe internet. david: taking mobile internet to the next level. rishaad: sony says it is starting a new era. it's profits smash expectations. some experts and not convinced.

♪ shery: imagine a global classroom were everyone can learn anything everywhere. got his start as a hedge fund analyst. he posted a few tutorials and became so popular he made it his life's work. it now serves 26 million students. teaching everything from chemistry to computer programming, from kindergarten to catalyst. the best part is, it is all free. joining me