alibaba and baidu will be listed on the emerging market index. trading dipping in singapore, falling sales of grains, >>, and sugar. it has expanded its cocoa business to become the third biggest processor. that lunch break in tokyo, let's find out what else is going on. the bears are up. >> we saw a drop in asia. commodities are front and center. another market catalyst today is

the change that will be an effect for the indices. is concerned, 40 companies being added to the msci asia-pacific index. we have nine in total and taiwan. three and taiwan. for four.f four orot of companies are energy transport shipping related. has wiped out a fair amount of the market value of these companies. they will have to be removed. japan, three others, 343 swap. three for three swap.

you have earnings from the big three banks due out after the markets closed later on. all seeing marginal declines. biggest loser in japan, nothing to do with commodities. we are watching shares of toshiba. to 89 now. the biggest drop in six months. 289 now. the biggest drop in six months. 150 billion yen write-down does not reflect the enterprise value.

they may have to adjust here. shares being driven down 8%. something to follow with the report out. >> thanks, david. checking other stories. amnesty asred an long as workers speak up by the end of the month. won't taste punishment if they reveal what they know. information listed 800,000 cars with inconsistencies around co2 emissions. that adds to the 11 million already known. more job losses may be on the way. itscompany has trimmed fixed income business in london, laying off 200 traders at credit suisse. said he will cut as many as 5600 jobs globally. --has warned that investors

investors that 2016 will not be a good year. shares down over 5% by the end of the session. earnings in the fiscal second-quarter will be between $.53 and $.55 a share at cisco. the companies international sales are being hit by a stronger dollar. japan's three biggest lenders report earnings this afternoon. they are expecting a drop in profit due to the regional slowdown. steep good these declines actually be? >> we have been speaking to analysts, and the calculations that bloomberg has made based on the threeindicate largest banks could be down by 24%. that, some think it

is still on track to meet full-year targets at this stage. analysts have been telling us that the main reason japanese banks are down is because of slowing growth in their overseas lending businesses, mainly because of weaker economies in asia. we are also expecting to see lower fee income for the business as the japanese public are becoming reluctant to buy products after the tour moral and markets spreading from china in august. what else are we looking out for from these afternoon results? will they give us any idea of the state of play currently with abenomics. >> it is more specific to the banks. charge onke a payment

its investment bank in indonesia around ¥60 billion. we are watching for buybacks as well. they will announce a buyback up to ¥100 billion with the results this afternoon. also there is a shareholding issue, a major theme this year. banks have said they will reduce their holdings of shares in customer companies, but today we may get some guidance on some andal percentage of figures some time frames under which they will conduct these. >> thank you very much indeed. joining us from japan. we have refiners there. they signed a nonbinding agreement to merge. this deal expected to be completed between our over and the following april. they have a combined market cap of nearly $6 billion. together they will control a

third of japan's gasoline market. they have been struggling with falling demand. and theyation shrinks shift to more energy efficient vehicles. britain could lose its position as the leading global financial center. it wants urgent action to prevent big names from packing up and heading up out. -- heading out. but 8% jobs of fall since 2010, with a two thirds of member tsonga have moved is this elsewhere. isbal shadow banking currently at 36 train dollars. led byustry's assets are the u.s., but growth is driven by china and other markets. the fsb says shadow banking provides a viable alternative source of financing, but was a potential systemic risk. goldman sachs has promoted a

record number of women workers in its upper echelons. it is something uploaded by many women's rights organizations. were looking at me and mars opposition-- myanmar overall election victory. the national league for democracy are just shy of what is needed to control two houses of parliament. as the country enters a new era, let's look at the business impact. one of the largest western -- operateder rated in the asia-pacific pacific, just entered myanmar last year. thank you for joining us. -- does theoff with election of the nld change anything when it comes to the business environment? >> thank you for having me on.

the most important thing is that the election is seen as a well-run election. it passed all aspects as a fairly transparent and fair election. we also see the language used by to thety related transition from the current government to eight new government, which is also very encouraging. overall, we are positive to the development we see and have no reasons to believe there should be any negative changes going forward. >> that's just it, isn't it. since theye been decided to loosen their grip on the economy? have, whichnment we has been in power five years, have conducted a number of reforms, and myanmar has been closed for more than 60 years, and so there is a lot to do.

we have seen a tremendous change from the situation two years ago. fallen ie prices have more than 50%. we have grown in 12 months from zero customers to more than 12 million customers. things are happening. there is a lot to do. the new government will face a lot of big challenges. >> i was in the capital about two and a half years ago. such sparsehere was mobile phone coverage there, how is that being addressed? >> today, i can happily say that we are covering all three operators in the market. we have good two g and 3g data networks. we see more than 30 million in the market in total.

see that this election has to a large extent played out on facebook and social media as one of the most important means of spreading information and controlling that these elections were conducted in a transparent way. the society has changed immensely just because of what had happened. what are we talking about in terms of mobile phone penetration? >> it is difficult to say. we are probably talking around has happened very rapidly. it is only 12 months since we have launched. operatore incumbent has also turned around, and the competition is quite fierce in

the market at the moment. we still have a long way to go. plan.e a parts of the country are still uncovered with telecom. we expect to reach most parts of the country within the next few years. >> what about this new administration, what would you like to see them do to make it easier to do business there? >> there are a number of areas where we probably will see this new government continue. ist the legal system undergoing a tremendous change, a number of laws have been passed in the current parliament. more laws need to be passed in the new government to change laws that go back to the 1950's and earlier.

they need to make them usable in today's world. think the government will require substantial funding going forward, so they will have to find ways of increasing the tax revenues come the tax base they have today is fairly limited to i think the government also needs to peaceue to deal with the process. there has been an agreement signed with some at the groups, but many still have not signed. it's also important for securing future business. is needed oncture power, roads, and of course education and health. >> thank you very much indeed. talking about what it is like to do business there, and what the

new government may be doing in the future. more visitors arriving in thailand, but they're not doing it on thai airways. we're looking at a rough ride for the national carrier. trending business is back right after this. ♪

>> the stories making headlines around the world. the hp said nine people have died in brazil. the company says 19 are still missing after two dams burst at its joint venture. or than 600 people have lost their homes, and waste has traveled 440 kilometers downstream's, affecting freshwater supplies for 11 communities. the government has announced funds of $66 million. shares are down 2% in sydney. malaysia's prime minister will speak to the anticorruption

agency as they investigate how almost 600 million dollars ended up in his personal bank account. the money came from a government agencies and the state linked companies. he denies that, saying it is from unnamed political donors in the middle east. pictures have emerged of israeli forces disguised as arabs staging a legal raid. one was impersonating a pregnant woman. they were searching for a palestinian man. later pictures show the israeli force meeting with someone in a will chair, said to be the suspect. at least one palestinian was killed in the raid. with highviation now airways, told to take a close look in the mirror. airways, told to take a close look in the mirror. that they have not

been able to share in this tourism boom? specific tohem are thai air. is increasing competition from low-cost carriers throughout southeast asia. rishaad: what roots are we routes are we -- talking about? >> europe has been a problem for them. they see australia as an opportunity for them. they are now in the process of boosting cooperation with thai smiles, their budget unit. they have an opportunity to get in on the budget carrier game and make sure they can use their budget unit as a transit for

people coming from australia headed to europe. rishaad: that's what they have been doing to try to address this. are peoples, what telling you about the prospects ahead? >> it is mixed. there has been some talk from the government that the airline might not survive if it does not come up with a credible plan. that is perhaps extreme. malaysia airlines was bloated, inefficient. hai has been suffering as well in the same way. its safety record has been good, but it is suffering because of safetyncy for airline found they were deficient in terms of oversight earlier this year. i think that reflects on a legacy carrier. rishaad: thank you very much. looking at what is going on with thai airways.

the indian prime minister looks to strengthen ties during his visit to london. we have a look at it from the point of view from a by win "trending business" continues. ♪

rishaad: were looking at delhi and london as they sign deals worth billions of dollars. he addressed parliament saying the two companies should strengthen the relationship. let's look at the reaction back home. mumbai.oined live from how significant is it? his visit to the u.k. is part of the governments multination visit to increase foreign

investment coming into india. it invests more into the u.k. than the rest of the eu combined. they collaborate on issues of defense, nuclear power, and climate change. they agreed on about $9 billion worth of deals. developgoing to try to nuclear power plants. also, one of the biggest ones was from vodafone, upgrading and expanding its network in india and creating more later centers. that is part of the expansion. it is a three-day visit.

we wait to see what else comes up. rishaad: thanks. let's have a look at what is trending. indeed for those who love their nintendo games. we have nintendo direct. they are releasing the new games and updates streaming online from nintendo directly. the first since their president passed away in june. it was a big launch. there have been updates to the popular zelda game, a new female character. red, blue, and yellow pokémon's. let's look at the reaction on social media. ethan overly excited -- not overly excited. on twitter, some mixed reactions, but generally positive. people saying they hate nintendo now because they want everything now on nintendo direct.

, whenr person tweeting the translator says -- who knows what is real anymore? ending relatedd to an incident shown here. this was taken by one of the six students involved here, an apple store in melbourne where students were asked to leave by staff and there was a big outcry , allegations of racism, and apple has apologized for this. one of the students took this video and posted it on his facebook page. it has been shared many more times on other platforms. -- apple u.s. , underlined did say their support for a quality for everybody, and this was one of the comments made on twitter

about the incident. >> back to you. rishaad: that is it for "trending business". ♪

announcer: our world today is wealthier than ever. but not everyone shares in this wealth. today's young business leaders are challenging this. changing the way we think about money -- its power and purpose. this is a new generation. this is the new philanthropy. ♪ >>