dollars. he raises the stakes. the recovery is just a matter of time. and follow me on twitter. asn't forget to include a # well. of heavy lifting in this side of the world. i'm monitoring the market action. >> we're seeing some good games. after half of one percent. they turn around into positive territory. a little bit weaker after the strong showing yesterday. officially in all market territories, up 20%. all those efforts starting to have a turnaround.

here in hong kong, underperforming. in southa strong debut korea but weakness on the overall index. a big plunge coming through, one of the major market leaders on the weaker oil price. flat in new zealand. let's have a look at how the toccata shares are doing. 25% plunge record for the limit. down 11.4%. ceo and grandson of the founder coming through yesterday saying the sun arrival of the company is in doubt. tomorrow, a strong session in the health-care space.

15% on earnings which is just released today. when have this major deal it comes to the aviation industry. that they doer air not own. they want to take the low-cost carrier private. what is going on here? premium.ffer is a 32% both shares halted on the singapore exchange as they offer 322 million u.s. dollars to buy out the rest of the units. tiger air, one of two budget units. the other unit that flies throughout the asia-pacific, focusing on the southeast asian market. the key element is the fact tiger air has reformed its business. it has cut its profit

utilization issues and now it is doing some good flying and it is filling up flames with passengers they want to bring onto their main line flights. destinations.onal if you look at the latest earnings numbers, it paints a compelling picture as to why they would want to do this transaction. essentiallyrnings profit more than double after adding earnings into its own account. certainlyays is creating revenue in a big way. singapore airlines faces a competitive challenge from the gulf carriers. and the budget carriers in the asia-pacific as well. asia from the double competitor.

a strategic standpoint from the airline's perspective to integrate budget operation, bring down costs overall. and more closely cooperate with skilled. will both be a perfect match if you will in terms of cooperation. down the line perhaps they will seek more ways to squeeze costs out of the business and learn the best practices from each other. the aviation business is a competitive issue. singapore air likely has had the benefit of lower fuel prices. that is tiger air revenue coming in to the max but it faces a competitive challenge that has not gone away about how to compete with middle east rivals

and regional space such as the chinese airlines which are from the double competitor's themselves. rishaad: thank you. we will take a bigger look at that. and a 22% slump in profits. the chairman says he is not worried and insists the worth is yet -- is over. is he right? >> there are three things to point to in the heels of the results. the first to address the feeling, we have been there is an inflection that is developing. his comments and the results suggest this is developing. there are a number of catalysts that should help drive this forward. comparisons, and resorts

starting to open and transform from a construction zone into a true resort destination. we are optimistic this business will continue. point, there are earnings and profitability were down but revenue decline of 17% was the least bad of the group. their margin of 22% was sequentially better than it was last quarter, which is a good trick when you have revenue declines like they have seen and notably their resort is starting to wrap up nicely on a sequential basis having opened a few quarters ago. the last thing is that with the reportedot having third-quarter results, you can

start to see a nice differentiation. the business saw continuing to be structure he challenged. but down 40%, the least bad versus s jm down 55%. if you look at revenue numbers you have galaxy that was flat. the six. the best of s jm lagged a group. last but not least, the fair share. if you look at the base of tables that all of the casinos have to work with, with that in and, we have melco crown, clearly differentiating themselves, punching above their weight. they tend to lag on that front. as we move into next year and

see the new resorts starting to wrap, we have the expansion that is out. the potential for differentiating amongst the sixth casino operators is likely to continue to be a theme for next year. we will be focused on that significantly. with that i will turn it back over to you. two former dealers are looking at a decade in jail. heidi has that story and the others we are following for you today. two former traders are talking about being convicted of libel. that theye third case face 10 years in jail. the former global head of liquidity and finance, and a senior trader. they have charge 13 people with manipulation.

for have pleaded guilty. hayes was jailed for 14 years in august. six others are accused of helping him but they deny those charges. and taking to the skies. the biggest low-cost carrier gaining altitude. take a look at where shares are sending. it was up by 17%. still massively outperforming the broader costs. that was heavily oversubscribed. investors, the first airline to lift and south korea this millennium. they have raised in the offer. reapare continuing to demand from affordable travel. in the battle between chinese retail giants and alibaba complaintp after a

has sparked an investigation into its bigger rival. they say they are bowling merchants into not using competing platforms forcing them to choose. the chinese regulator has accepted the request to look into the claims ahead of the crucial singles day. it is bigger than black friday. havej.d..com and alibaba put a lot of money into securing merchant partners. they have put down $4.6 billion in a stake on the electronics retailer to challenge strength in that space. later, india's prime minister facing one of the biggest tests of his career in mum buy.

how high the stakes are. just after the break, the global slowdown presents a fantastic opportunity. ♪

rishaad: some stories making headlines, the medical charity says it is hard to believe the attack on a hospital in afghanistan was a mistake. u.s. forces have the coordinates of the clinic before the airstrikes that killed 30 people. taliban fighters were being treated at the time but there were no methods in the building. ..s. has apologized the united states is keeping up pressure on china over maritime

territory. the u.s. would be a stabilizing presence in the region. beijing claims 80% of the south china sea claimed by other asian nations. the fortunes of the indian prime minister are uncertain after voting ended. the biggest political test of the year. exit polls are inconclusive. the winner will be known after counting sunday. back to the world investment forum in hong kong. how to react to an era of slower growth. stephen engle is there with our next guest.

>> good morning. right now as i talk, the conference is talking about innovation in the asia-pacific as opposed to silicon valley. how they can mesh together. guest.shes with our next the founder of dr pm group. and aund the drone maker former advisor to george w. bush. thank you for joining us today. let's talk about disruptive technologies. that is going to be the focus of your speech. where does that play a role in china? is generatedtion by firms that have less than 50 people. it comes down to small companies. even apple says it is not a big company. it is a roof with little companies underneath it.

what is the environment for small businesses? can they operate and thrive? there are conditions that affect that. wages are rising rapidly. they become less competitive. mexican wages are cheaper than china. the u.s. is competitive with china again. another aspect is genuine creativity as opposed to the business of copying technology. another element is understanding brands, building something that is not just a widget but that stands for something. that will take time to work out how to do that. >> we're seeing so much coming out of silicon valley again but china is trying to move up that. alibaba has tested them. can you see china carving a niche for itself in the innovative space? >> they are.

the most significant drone manufacturer. >> they did crowdfunding in silicon valley. >> there you go. that is one of the conditions. when china starts to develop crowdfunding that will be interesting. they had a family version of that where families will finance new ventures below we need to see is crowdfunding. you have to understand, why is it i can be in the drone business? the computer power in an apple ipad is the equivalent of what used to be in a defense lab. this allowed's huge leaves. >> when are we going to actually see the commercial application of this technology? they are testing it. it is nice to talk about on tv. >> i think it is already with us. it is not for delivering from the letter a to b. patente seeking a

for trucks that will do 3-d printing in front of your house. it is illegal to fly over public streets anyway but there are commercial applications like surveying buildings that are already with us. rishaad: the communist party controls the air that is another subject. let's talk about the global economy. you are a president to george w. bush. what is the biggest risk now. we're in a divergent interest-rate environment on both sides of the pacific. they are also political risks. >> we have a world now where the u.s. and china are having there is asues where confrontation atmosphere. u.s. and china have signed a memorandum of understanding of not flying so close they can see each other throwing hand gestures.

that was the subject. we have more and more near misses between the u.s. and china with fighter jets and spy planes. i don't think it will explode into a confrontation. .here is a hotline now none the less, it creates a less conducive environment for capital to flow. china is no longer going to play savings in the u.s. treasury market. they will place into the one belt one pro strategy, infrastructure over asia. >> would you say that the geopolitical risks are one of the biggest risks to the economic success in this downturn? >> i would. i have explained why we have lost the peace dividend that came with the fall of the berlin wall. now we hear getting a conflict premium built back. any time capital goes into

defense and confrontation it is a reduction of productivity. the economic issue is separate from that. i have been out of the market view. the fed is hinting in my direction, inflation is coming back into the landscape. wages have quintupled in the last three years alone. people who invent and our creative going to have to understand the cost landscape is going to be different. >> where do you put your money on the horse in the political race this year? >> i would say number one we know for sure the american public is like the global public. everybody is interested in an antiestablishment vote. they like outsiders because the debt problem is so big. get me somebody new. here is a premium on being with

equally incorrect. more than anything he is the best reality television anyone has seen. but the guy to watch is ted cruz who is not considered a mainstream candidate but he is running a tight campaign. he and trump are tied. >> we have an interesting year ahead. both in the economy and the geopolitical situation. thank you very much. that does it for now. back to you. rishaad: thank you. up next, there are only so many ways to say sorry. can they survive losses on the stock market? more and more companies cut ties. ♪

rishaad: look at the struggling air bad maker. takata has had a rough few days. honda led the way. following and mazda suit. let's have a closer look with tor.ews as you mentioned, the company is in the midst of a stock slide

. they have lost 40% of market value. investors are skeptical the company will be able to pull out of this. some customers have begun to look elsewhere. honda is the biggest of those. it is showing a rare crack in the cooperation. companies must they begin to collaborate don't end that easily. takata does make more than airbags. they have other businesses supplying car parts. they will be able to rely on that. and the company is controlled by the takata family. they do have cash on the balance sheet. they will have to pay for many somels and are facing challenges they may be able to hunker down and write this out.

if that spills over to additional product lines which we haven't seen so far. about the share buyback? why do this now? >> toyota is stepping up the amount of money it is putting to these buybacks. it is headed to a year where it will buy back $6 billion work in stock. sales are going strong. they are introducing a new prius. they are bringing in cash and decided to give more back to investors. rishaad: thank you very much. ♪

rishaad: our top stories, recovering the dollar. feeling a surge of gains. jobs number will be watched around the world. economists surveyed predicted they added 180,000 jobs in october. takata shares are plunging again arer nikkei news says they walking away from airbags. they have lost their top

customers. they accuse them of manipulating test data. and for the remainder of tiger air. both carriers are in a trading halt. more than doubling after they added earnings. >> japanese investors heading out for lunch. positive morning sessions. and the regional markets, with one eye if not both of them on the all-important payroll number out of the u.s.. always is a big one. a little bit of trepidation coming through. that has been them a big move.

we are energy stocks coming under pressure. energy stocks coming under quite a little bit of pressure. lunchis going on its break. australia has turned up by a third of 1%. is flat.he picture, it we see weakness coming through from financials but they are gains from health care stocks. oil and gas, crude oil once again tumbling below the $46 level. they were what live the shanghai composite yesterday. surge on theood

market yesterday. then the casinos, we've heard from them. the work is probably over. shares are looking od there. galaxy looking strong as well. japanese session as well. bloomberg news is with me now. what is this all about? they are complaining alibaba is disturbing the market by forcing emergency want to participate to choose. alibaba has denied these accusations and pointed people to looking at jd zone fines. but the larger story behind this

.s the november 11 sales >> it's an excuse for people to shop. monday, combined and scaled, those holidays in the u.s. was created by alibaba in 2009. now it is the nation's shopping festival. one of the barometers for people to look at how healthy they are. >> what is the bigger picture here? >> it is a competition they cannot afford to lose. theirmpany has moved control room countdown from beijing for the first time. they will be closer to the political culture and media center. at singles we look

there is a ramp up in promotion. what should we specifically be looking for? >> people will be looking at the gmp figures. typically in the past five years .hey've had a growth of 227% amazing figures there. it will come down a lot. >> for the comparative that is right as well. >> thank you. stories,ack to our top singapore airlines wants to take tiger air private. why are they doing this? >> they are doing this to basically optimize on their network. acrosste more synergy their airlines.

airlines at least four under their domain now. they want to turn tiger around. it has been a lossmaking operation. they have been structuring the operations and analysts think it is near the inflection point. the timing is well times. .- well-timed >> is this a fair offer? tiger went public at a higher price. they went public in 2010. then they had a couple of issues. >> they have been treating about 30 since.

>> they have to rationalize this. that must be the strategy. indeed.is whenever you talk to them they mention that. sia will be there premium then, a few years ago a budgetblished airline. it flies to australia and japan. and they have sophie air as well. the air they have network. the idea is to cover all the bases. you very much indeed.

we have also other stories we are following. let's look at korean airlines signing a deal for a new aircraft, agreeing to bind three max jets. the deal includes an option for 20 more announced in june. the triple seven will be upgraded to reduce fuel consumption by 2%. fromy bouncing back subscriber warnings. it dropped 4 billion. lower numbers in hong kong and instances in shanghai held back overall profit growth. toys went on sale in september. disney will wait until the december release before they can book those results. , profit cominges

in at two cents per share. analysts were expecting a loss. up 43%. and breaking news coming in out of china, car sales numbers, on the way up. 11.3% on the year according to the industry body. the number coming through. that is what we have with breaking news. next, a look at the efforts to cool the red-hot housing market. trending business. ♪

rishaad: a spokesperson for president putin said all theories are being investigated of focusing on one is near speculation. 220 people on board died. the british ministers says it is more likely than not the disaster was caused by terrorists. one of india's most wanted men will arise after being extradited. he has been on the run for 20 years and will face charges. month.arrested late last his return home was delayed by the closure of the airport due to a volcanic eruption. vetoas a plan to constitutional blocks on the presidency. she will take a post above the

assident if she wins expected. her son is a foreign citizen. she says the constitution says nothing about being above the presidency. to theake you back now summit taking place in singapore. a man who runs the southeast asian property portal. property already in focus given the slowdown in southeast asia. there is a concern it may continue. ceojoining us today, the and founder. good to have you. the boom is over. are we headed for a bus? >> i don't think so. singapore has shown resilience.

the transaction volumes have come down. price corrections have been 10%. singapore has holding power. the cost of borrowing is still low. see aon't think we will bust. we will see a continued slow decline in prices. >> from 10%? surge, we were looking at 100% increase, a 20% decline isn't enough. >> it depends on which side of the fence you are sitting. on the developer side or a homeowner side where the value of the worst is in their home, a 10% decline is bad. when youepends on bought your property. in the last 3-4 years, you can

afford to be underwater. so, yes, i'm not expecting a bust. i think we will continue to see a slide in prices. >> foreign money. .oney coming from china, russia has that slowed? >> yes. it has pretty much ground to a halt. that put the brakes on foreign investors and we have seen little bit of the foreign investment coming back but not to any asked end -- any extent compared to where was before. ,alaysian investors coming in but it is not to the same extent it was two plus years ago. >> the easing in prices? how has that impacted business?

>> it has impacted in a few ways. thing, there are more flight for debility. surged,ion volumes have and happening around the affordable housing. 800,000 to $1.2 million. that part of the market is still fairly active. but it has been hit, the luxury market. you see transaction volumes havene and some developers held back on their projects. we have seen developers have a growing amount of unsolved inventory sitting on their balance sheets. and a law in the pipeline. you could go up to 50-60,000 years unsolved. it puts pressure on a developer. we are seeing a move away from to think aboutme

how the performance of the investment is. we see a focus on online. onlineers focus more on to generate leads and transactions. we also see agents continue to move into online. from our point of view we are seeing growth. that shift from traditional media to online. >> you committed to an ipo. months, is that part of the plan? >> i don't recall committing. >> you get a specific time frame. it. said we would consider given what has happened with the thatal markets recently, changes the plan. we had a round of investment recently from tbg.

with this new round of investments we are investing in those markets. at the moment we are not in a big hurry. we will continue to review our options. >> do you expect further consolidation? we saw your arrival going for sale for more than $500 million. >> we will consider new -- we will continue to seek consolidation. there is the population. the transaction volumes in our markets, hundred $40 billion, this move from the online market is huge. we are seeing new competition coming in, and increasing interest from the funds. as result, starting to see consolidation as well. you will see that continue to

happen in the marketplace. we had a market leader. we are in malaysia. i think we will continue to seeing our position increase over time. >>. ok. we have to leave it there. rishaad: thank you. we will get you back to these elections taking place sunday and myanmar. this is a crucial election. is there any doubt who is going to win? >> there are 90 parties competing for seats. thetwo main parties are military backed ruling party and the main opposition party led by soo chi.

they won in a landslide. the military refused to honor those results. this time they are expecting to make significant gains by appealing to voters in the cities with their message that it is time for change. the ruling party on the other hand is focusing on the countryside with its message of stability. if neither win a majority the ethnic parties could pay a key role. >> will this election actually or free andfair fair enough? that is the million-dollar question. faire election is free and they will win decisively. they have raised concerns about how the campaign has been conducted and how the advanced

vote has been handled. >> and whether -- what are investors hoping for? current government took power, they have launched economic reforms. people say there is a significant amount of investment on the sidelines. >> thank you for joining us. next, moody wanted a landslide victory but exit polson just a closer call.

we are heading to mumbai to see what that may mean. ♪

suggest axit polls close result in the indian state of behar. let's get to mumbai. from the exit polls no obvious clear winner, is there? >> absolutely. they have more people in germany. they are showing the prime minister is in front. the winner when ballots are counted sunday.

at stake is turning the national spotlight that to the economic reform agenda and efforts to focus on signs of rising social tension and a multiethnic set up. exit polls have had a checkered history. today, the poll predicted the landslide win during the general elections last year predicting the prime minister's allies could win 64% of seats compared with 34% for the opposition. those who haveen sought to block national sales tax proposals.

the contested elections ending yesterday, with a record turnout of 57%. it will be one of the key direction terms of for trade immigration. india.: we will stay in it was up 22% in the last quarter. that jump coming after the company sold part of it sticks and tiger motors. and steelmaker struggling with price jumps as demand slows down. soldds saying vehicles exceeded the mission rules after variations were found between

lab and on the road tests. it covers 314,000 vehicles. the engines carried defeat devices. it could become criminal. that is it for trending business. asia edge is next.

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