its assets. and a holdup for honda. facility innew china are on the shelf as demand slows in the world number one market. about how you feel about our stories. follow me on twitter. jakarta coming on screen. let's look at these markets. some of them are getting a kicking. >> they are. we are seeing a downbeat mood. worst performer in the region. yesterday.as closed a little bit to catch up for here. pretty flat. we have some weakness, i will

tell you why and a moment. movement ing good momen this region which has just come online. longest winning streak there since november last year. moment.a flat at the both markets paring back. higher.e only three industrials consumer goods, and utilities are flat. here are what the casino stocks in hong kong are doing with things. isn't doing too best analyst has changed his rating three times in the past few months. beenstock has been flummoxed seeing analysts.

this is the picture in korea. big falls from companies that have come through. engineering is set for a record loss down 15%. rishaad: thank you. , oiler big move, samsung and gas producer having a rocket under it after taking a bill from the gulf. company.us about this it is called sector. >> it is an unusual spelling. for royals inets the gulf. they put this off two days ago, six dollars 88 a share. a healthy premium over the close. not even in the bold pack. they rejected it promptly.

they said it was opportunistic and subject to numerous conditions some of which conflicted. they did say they would consider all proposals which delivered a value for shareholders. this one not fitting the bill. it did have the effect of putting it up 15.9%. considered an target for some time. it is interesting that it has come from a financial business rather than an oil company. we could expect to see another move on santos down the track. analysts are commenting on this. they are unlikely to consider anything under $10 a share. rishaad: all right. thank you for that. of andhave this blitz

many deals -- mna deals. they are actually leveraging opportunities. results, look at the and the fact we have had $76 billion in deals, evolution of this industry and it reflects what consumers are demanding as they change there have -- their habits. shares are down 3% in the session. third-quarter profits missing estimates on a weakening global memory chip. this has had an impact on prices. we see a bit of weaker demand for smartphones and computers and tvs forcing chipmakers to lower prices. it is having an impact on the south korean names. interesting to see the rivals bearing whale. givingtexas instruments

its outlook. it is generally an optimistic outlook. even as the chief financial officer at the dallas company says sales may be weaker. demand generally weaker. conflicting views within the company. this comes amid rapidfire changes in what consumers want as consumers abandon their pcs and move into the mobile space. it has driven deals globally. two major deals to bring to your attention. early in the day we had land research and kla-tencor. these are the chips that are powering all sorts of devices. 10.6 billion in cash and stock. within four hours, western digital, coming out and saying

it would buy for $19 billion. no company wants to be left behind. they want to make acquisitions while the timing is right, while the price is right. you don't want to be left with no quality companies to require. all those intricate products that are competitive, growing ever more advanced in terms of technology and the price. so many are doing this so well. watch this space as innovation is striking in the deal flow is impressing investors. nearly $76 billion this year. >> thank you. it than toace to do go to our website. we will have a detailed look at that. show,h the course of the

these are the stories we are watching today. a roundup, looking at honda. we are seeing it falling in hong kong this morning. it will be hitting the brakes on its expansion plans in china. done thisreviously earlier this year. more production capacity in china despite boosting sales by 34% in the first nine months of this year. demand slowing in china. ries had delive expended for the first time in years. not to mention stock market volatility and caps on registration.

the vice president of the joint ventures says honda may start building around 2017 and target to begin production july 2018. they will make a final decision at the end of the year. switching gears to volkswagen. they have haunted -- halted sales. we are talking about the ea 189 motor features. cheat.tware is a the clients [indiscernible] week authorities ordered the recall of 8.5 million bmws on eu roads. last month they ban sales of new volkswagen cars with the engine affected and recent models with

the euro's fixed standard engines are not affected. scandal is from the still unclear. let's talk about valiant pharmaceuticals. shares plummeted overnight sending biotech slower after citroen research plummeted report examining a specialty pharmacy the company uses to facilitate drug sales to patients. toiant is using pharmacies store inventory and record the transactions as sales. accusing them of creating an entire network of phantom tactic pharmacies to create fake sales of drugs or avoid scrutiny from auditors. valiant fell in new york, the biggest intraday drop since 1994. the company has been at the forefront of an intensifying debate over price increases over older drugs. the drugmaker increased the

price of lunesta, a diabetes drug and another 50% in the third quarter. story, some say sydney's housing boom is over. in thehead, reining property market in shanghai. find out what the government has in store to curb prices paid and willing investors to malaysia. turning businesses back. ♪

>> malaysian has investor friendly policies but are the wheels falling off?

this has left some investors considering an exit. billion is being pulled in the last quarter and that sent the ring it down to 17 year lows. thank you very much. there is a credibility issue. would you agree with that? i will respond by saying i would like to talk about more under fundamentals. the other fundamentals, we have approvals for the first half of billion, which is

more than last year. for long-term capital investment , especially foreign and domestic, it is too strong and i think all of these issues are the globalcause of market, there are many factors, even other countries are facing so i would say that it is still a good place for people to invest in the long-term perspective. rishaad: 5% growth, things are ok and it is a global phenomenon. you have to convince investors of that and make that positivity crystallize in their minds, haven't you?

>> yes. if you look at our numbers in years, ourveral average growth in private investment is above 10%. forwardentum is moving even stronger because the business environment in malaysia is being improved by the government. plan there are a lot of initiatives put in place, especially in the talent development infrastructure. there are a number of strategic things they will play an important role, especially in manufacturing services. targeting to have the ite -- have these catalytic

sectors. the new growth area that we are going to push for is the aerospace and medical devices. every five years we will have a plan. execution level is going to be done by many. we have a proven track record. allave managed to achieve our targets in term of private investment growth. recognize also international organizations have endorsed malaysia as a place to do business. rishaad: let me just talked to about one country which doesn't seem that way. the u.s. state department said many american companies are

reconsidering because of a skills shortage and other investments in declining standards in english. is this a problem? we recognize some of the issues but we are not going to stay and just listen to all these challenges we are facing. talent development and human capital is one of the important areas under the plan. to support these, we have createy facilitated to that bridge between the demand and supply side. he will know on the demand side and advised the supply side to produce the right thing.

as far as investors, in fact, nationwide we have been .ollaborating there are plenty institutions that need for human capital will bee be met. rishaad: thank you for your time. thank you for joining us from singapore. let's concentrate on the other stories around the world. to chinese diplomats have been shot dead in the philippines. the council general also wounded after being attacked at a birthday party. killer has been arrested preachy claim diplomatic in the -- diplomatic immunity. it is unknown what sparked the shooting. washington has criticized the

red carpet treatment for president bashar al-assad in russia. three weeks ago, president putin said there has been positive results in terrorist fighting the syrian government. hundreds of elderly koreans are being reunited with family members they have not seen since the peninsula was divided 60 years ago. 400 people are taken to a mountain resort in the north where they spend time with long-lost siblings. the first round of reunions in more than a year continues today with a second round saturday. next, take a look at these casino operators. they have been on a losing streak.

that is when trending business continues. ♪

rishaad: bp has agreed to a $10 billion deal to supply and liquid and natural gas to china. they will receive one million

tons. they will do that with china's biggest oil producers. the world's largest cruise operator is teaming up with china, a special chinese brand buying ships dedicated to that market. they expect him to become the biggest cruise market. they will double the number of brands it operates by 2017. posted aotors has record profit of $3 billion despite the costs expected with the recalls. they manage to offset the slowdown in china by focusing on expensive vehicles. we will get to the gaming tables sans china. under a bit of pressure.

we have rising competition. the profit tumbled. seen the good dayspring to become out of it at any stage? >> fundamentally yes. i think that we will. it will be different from where it has been. it was highly vip junket driven. it will be more conventions, mass-market, non-gaming oriented. it will never shift and balance like we see in las vegas. the baccarat business is too big. but these new resorts that are coming in will help push that. while we are going through this inflection it is going to be volatile and the stocks are up a lot from late september. they have backed off, following

comments last week. rishaad: yes mr. wen is not enamored by the authorities. but throwing open the doors to syria, what is this going to look like? >> this is a groundbreaking resort. non-getting attractions may standpoint of shows and entertainment, rise. nobody else has that. it will be very important from the standpoint of attracting the mass-market. andou take that plus galaxy the others that will open, go back and say we think there is a transformation that occurs from being one of the world's largest construction sites to a very interesting resort destination where you could live. rishaad: not just gaming.

they may not have the gaming tables they were looking for. quake still a lot of gaming tables. you will not have a hard time finding a baccarat table to sit at. it is a different feel they are looking to the word so people come during the week, maybe with the convention making a holiday. a are staying multiple days over the weekend. it is not being totally steered companyomp rules -- rules. rishaad: when the chips are down, the latest warning signs from tech names. ♪

rishaad: look at our top stories. rejecting a $5 billion takeover. it was offered to reflect the asset value of the company. the offer represents the 26 percent premium on santos close.

profit dropping to just under $930 million. chipmaker under pressure to cut prices. others expected to drop 9% this year. according to newspapers, they plan to build a plant there. honda sales have remained healthy and china but the limits may lengt investment. let's have a look at what is moving markets. that is a negative speed from new york. >> that is the case. we have japan's nikkei going on the lunch break is slightly higher. .ou can see a turnaround it is higher by 2/10 of 1%. new zealand is holding onto

that. that is the longest winning streak we have seen since november last year. they firmed up. the casino stop swaying in by 8/10 of a percent. hong kong was closed for a public holiday. investors playing catch-up. shanghai flat at the moment. south korea weighed down by a number of those disappointing earnings we have been covering throughout the show. malaysia pretty flat. i want to show you the impact the oil price is having on some transport stocks. we have seen a big pickup. crude oil is trading near that three-week low making things

easier to manage. air china did pickup by 4%. seen airways climb by as much as 4% volume. 65% their normal daily average. let's have a quick look at how the oil price is faring at the moment. and 50.10 higher, 40 55 prices inurging land shanghai. they are seeking to rein in the property market. news, asia real estate editor. i hope i didn't murder your name. the driving force behind these property valuations. >> over the past year or so since last november china has change the real

estate markets. months seen in recent they have eased restrictions such as payments for homeowners. that has spurred an increase in real estate prices and we are seeing that particularly in larger cities. rishaad: it is not just shanghai. >> we are seeing in the first year cities. rishaad: they have been on a tear. >> the top-performing city. the prices have been completely out of control. it is a bifurcated market at this point. we are seeing the second-tier cities not doing as well in terms of price gains but definitely the big cities we are seeing this. rishaad: they want to make people happy, they have to make housing affordable. if you limit land auctions you

are constraining supply. of course that would then make things worse. >> it does seem counterintuitive. >> what is really happening in some cases is the officials are taking time to change the use of land. for instance, in the land halted earlier, the officials have rescheduled that auction for next month end they are doubling the number of apartments built on that land. in some cases we are seeing they are coming back with a new and improved plan for housing. rishaad: we will stay with

china's property markets. even if we have these land halted, millions of tons of recyclable waste, with commodities in the basement, business is slow. but now a company is literally digging out a place for itself. urban scale of china's transformation hits you like a ton of bricks. block after block, village after village being hammered into history. this is a reclamation project here in a second-tier city. they are removing many villages for the sake of urbanization, people going into high-rises. that process replicated many times over creates a lot of junk. cement.lastic, steel,

with the new raw material prices so low, recycling this debris can be a waste of time and money. -- r materials unit started recycling in april because the paying notwas charging for an outsider to holloway rubble. meters aboutep it to be signed, potentially worth on $100 million. we are trying to turn the rough aggregate into road didn't. it is good for bricks and construction materials. >> people would say this is garbage. what do you see? >> it is not waste.

i see it as gold coins. left of thehat is village and it will send the turned into bricks. he even sells the reconstituted products that to the city that paid them in the first place to take the waste away. 60% gross margin. >> the demolition recycling business should last at least another decade and may try to take it national. >> the question is a pointed one. where are they going to sell the cement. china is overcapacity. they may be selling at a loss but the government itself will be helping them meet some costs. >> yet there is no hiding even under these tarps. there is heavy lifting and crushing left to do. let's check in on the

other stories. apple raising its green investment in china, building an extra 200 megawatts of solar power and calling on supplies to make similar commitments to clean energy. the news comes after the solar farms in southern china have been completed and produced 40 megawatts between them. , change is a great challenge and the time for action is now. credit siu's boss said he has a plan to rebuild the bank but investors are buying it. after hembled presented the strategy taking the company forward. he took over in july and is seeking $6 billion of capital to expand wealth management in asia. the third quarter estimates missed estimates. google has launched a subscription plan for youtube. cable cut out commercials and allow users to save video for

off-line viewing. it brings google into competition with netflix and hulu. they have also released a new music out with more futures for subscribers. all these mixed signals from the chip industry. they are reporting estimates they are ahead of expectations. we have this huge wave of mergers. let's get to tim. what is the take away from this? what does this mean? it is next to signals. good on one hand, bad on the other. the other that is highlighted, ti is big and other types of chips. all chips are not the same. there is a difference in the chips that are out there. it has to be tough for you because it will slow down.

you have the same as anyone else. ,f you are in a specialty area if you know something that people still need you will still be doing ok. that is the big take away. >> absolutely. memory chips are a huge business. are there too many players? is that why things are so bleak? >> that is what it comes down to. what they make is memory chips, flash memory and ram memory. the same as anyone else makes out there in the market. they may disagree but it is like oil. the whole world needs oil but oil prices are low. supply is high. it doesn't mean people aren't using oil. same with memory chips. as soon as we see weakness or

supply in the market which is higher than demand we will see prices drop and that is bad because they still have to run required toof a turn out the chips. pcs are quite a memory hog. week for a wild and that is not helping the fact there is no turnaround. it is a commodity business. sales are going to fall and that is going to -- rishaad: tell me about texas instruments. it is just like qualcomm. why are things so rosy there when we have seen a slowdown in sales? >> that is the thing about ti. they were much more exposed five

years ago. a lot of would going to smartphones. they do similar types of things. slightly different chips but trying to supply to the smartphone market. they sit when everyone else was acting. they unbundled. average environments, such as voice and also visual processes. but theypecialty area go into products from washing machines and air-conditioning. they go into everything. we are seeing more types of chips they make going into more and more products.

they have connectivity and so forth. they have managed to avoid the slowdown by digging a few years area.d going into another they have managed to avoid the problems others have faced. almost a billion dollars announced. are there any more deals left to be done? >> yes. there are more deals to come. all the deals haven't been done yet. why,f the reasons factories and all the various types of things are getting more and more expensive. there is a lot of hunger from the chinese to get access from the ip as well. these things have not gone away. it is not going to be as many

deals. we're going to see more deals coming up in the future. thank you. joining us from taipei. trading favors or trading criticism. you can do both with china. the latest on the trip to the united kingdom right after this. ♪

>> some stories making headlines. iran's supreme leader has endorsed the nuclear deal for the first time. he said he appreciates the work of iran's diplomats but criticized parts of the agreement and warrant any failure by european governments to have sanctions would be a violation. iran must now dismantle thousands o of

centrifuges. a free-trade agreement between australia and china has been approved by the australian parliament. after the deal, 93% of all strong and exports in china will eventually be tariff free. .000 extra visas they include china taking a 35% stake in a nuclear power plant to be built in southwest england. downing street says both sides cyber to not to employ attacks for intellectual property. rishaad: more on the visit to the u.k..

tripig a deal has this played out in china? >> what is happening is the two sides seem to be making up for lost time. three years ago there was a diplomatic freeze after cameron met the dalai lama. things have changed since then. what you are seeing is a hosted .eals -- host of deals china has been signing nuclear agreements with countries like argentina but a $9 billion bill to build in the u.k. would increase ambitions to increase technology abroad and signing with the u.k. well obviously lend a lot of credence and credibility to its effort to take those nuclear technologies that has developed overseas in the coming years.

rishaad: they were at downing street yesterday. what is on the agenda today? >> i think what we are going to the is more meetings between x i.on and sh now we are really going to see --xi's agenda.e discussing isis, cyber security following on his visit to the u.s., this is part of his bigger effort to pretrade china as a nation that has arrived on the scene. for years it was a developing economy, how are gaining strength. now it is a strong power and

they take on greater responsibility on the international stage. rishaad: is that how it is coming across? what has been like? profile visit and portrayed as such. when you look at domestic agenda he has his hands full with the u.n. evaluation and concerns about the economy. he has quite a lot on his plate. ,nternational visits like this and two races his profile, these are used as part of the campaign leader.him as a strong the government is about to announce a five-year land in the coming weeks. the more support he has domestically and the bigger his profile can only help him.

visits like this are in line with the party. rishaad: thank you. now from beijing, it has been a shell of solidarity. what about the media reaction to the visit by the chinese president? we have that after this short break. ♪

rishaad: let's have a look at social media. the trip tollowing the u.k., a lot of talk from the domestic and international side in terms of social media. a warm welcome when it comes to chinese media. people talking about this as

well among the visit they signed overnight, the big one that investment for the first nuclear power plant in 20 years. americansified the and now here comes the british. one person not as optimistic. the visit is a trip for signing contracts. or do we just care about this fairytale? this is a viral site on the internet that was composed by .ed ascends a very interesting song. quite she is still quite famous. >> yes. let's see what people are saying. even though britain and china have a long history and many chinese living in london. certainly that element needs to be celebrated but there is

criticism out there. cyber security is something being brought up. concerns about the impact they have inked. citizens as they found not to spy on each other's corporate network. like churchill turning in his grave . we can always agree on dinner. what do they have in common? a south african desert wine. i looked it up. i will have to try some after this. rishaad: back to you. asia edge is coming up. joining us will be world

management mark anderson. and we will be giving you up to speed on what is going on market wise. asia edge is next. ♪

>> where we are going, we don't need joe. ♪ >> we are cruising at 88 miles per hour tonight, so try to keep up. joe biden kicked the tires of the delorean and decided running for president would not be his density -- i mean destiny. on a day when science-fiction nerds are accessing, biden said that his decision came down to time. >> as my family and i have worked through the grieving process, i have said all along,