securities under scrutiny. asia sliding to a third-quarter loss. this followed a similar result.

searching questions. follow me on twitter. we have singapore taiwan and malaysia. kind of a mixed bag. we are looking at long games. the games nonetheless. collapse in stock price. down 85%. brokerage think the u.k. blind-sided the

company. see more downsides ahead the stars. it is when it will be approached. elsewhere in the region, it's not quite getting there. the core for inflation. but energy and restaurant. tapley to the 2%. that's also in the mix. china may be looking at court

measures. that's leading to games. have a look at what's happening in japan. up 2.8%. the nice breakdown here. this came out of the 13th. >> chinese authorities looking at the possible rule breaking.

securities association of china. they over reported equity. the latest official move against china. is authorities seek to assign blame. reportedly under investigation for alleged in your trading. that was revealed that she want back in september. investigated or similar last rules violation. comes after two other brokerages in china will or the vendor investigation.

still unknown. firstly have more detailed. a big one. we do value opinions. asia in the news again today after posting a loss in the third quarter. >> it all depends on these the. prospects are looking pretty promising area let's look at how harry asia is doing. down 7%. said is that a loss of 95 million u.s. dollars.

due to foreign exchange losses. struck in passenger numbers were down about 14% area the results coming hot on the heels of losses hosted by long-haul unit area asia ask. he reported its eighth consecutive loss. the losses temporary. remember area asia in trying to address market concerns. air asia's accounting practices are questionable. with or inctions unit. 21 out of 23 hours area in air

asia currently down about the percent. troubling times that area asia. time to look at other stories. its -- oking at >> an elephant deal has cost barclays $109 million. theyexecuted the trade in were found to take on client quickly as possible.

the latest misconduct fine is the blow. the chairman's main priority has them to make them a high-performance ethics. also looking about declining share price. let's check in on bhp. well, inndon equities australia there was a bit of a pickup. first fell below $20 a share. yesterday they fell to their lowest level. the selloff in london and in australia has the united nation's. wastewater from this month deadly dam collapse in brazil with toxic.

they fail to take sufficient depth to prevent harm. still being called the biggest mining disaster in brazil history area about 20 people confirmed debtors are missing. they been coming under pressure in australia and analysts question their ability. and now to china with the country against argo company plans on breaking even next year. that means that the company imposes longer shifts towards drivers vital around the clock service they will make it into practice for people to operate on double-shift. cfo since they have enough cars at all times of the day to meet demand. they employed full-time drivers for service unlike over.

they sign-up independent contractors. much about getting a car with the driver doing 12 hours though. we look at how taiwan is now experiencing a warm welcome. it's a historic meeting. later on what it's doing to boost its brand presence. especially among the young and affluent. they're betting on the federal reserve. is it all right here in?

rishaad: we check back in with markets. mitsubishi. everyone's talking about what happened month. i think that's probably a red herring. next year is that people will be focusing on. the equitygenerally markets are very comfortable. income a couple of hikes. >> in my view it's for political reasons. again they're getting a lot of flack. some of it undeserved from capitol hill. we started this year -- next

year campaign politics. of's could be accused interfering people's christmas. but that's all point. who can borrow it grow? the government and that's about it. >> banks can impose. facilitatedket has a lot of this kind of trading position. out the time washes structures actually viable, you will want. the data is telling me they me is in. uneven. what they mean by that is their parts of the country that are just red hot. it's a poorly on the west coast. in their other parts country are exciting.

means that the indicators are not only to expect. hurricane. mark exercise nine x equity markets over the dollar. >> is a much more aggressive out of accepting the rate hike. weike what i just said celebrate for some reason. but, if the economy unfolds in this uneven fashion think ultimately. bias.n it comes to my those guys have the most to lose. >> let's take a look now.

another country that has pressurepolicy is -- on him to do more stimulus is quite heavy. is it going to budge russian mark does he need to russian mark >> the question might become for some people in the market. i think he does not have a lot of rusher. japan inc. is actually pretty well agreed that there should be no more stimulus. becauseficult for him he is sort of him dan. naturally people are acting and to do things. i think you strengthened by himself. >> what you make of the data? journal be looking at the cpi. it's extensive 1%. click it's a month ahead of the nation. look at the two-year change

their both the level of the cpi's is about 2% lower than it was two years ago. what that means is that with that increase it has pushed inflation up. that is legally washed out japan. when you look at the two-year trend, you think there's not a lot of underlying and nation pressure yet. cautious. i think the japanese economy is not behaving in ways that would be consistent. for example, if the only true -- mine acompany prime example area we are raising wages. for the first time in nine years. that rising wages not leading to consumption. i think is actually a lot of

other things going on. your 45 to 50 federal percent in japan you get a wage increase. these heavy thinking about things like how long will you live? in western countries at the question that many people will live to 95. there couldngevity be looking at hundred easily. people want to know do i have any money? that's a reason to be very cautious. thank you. russia has agreed to share information on i.s. target. they're are trying to build an international coalition. turkish food imports will face tougher checks of the border.

outver russia has ruled military retaliation. they deny funding the islamic state. shooting down of the russian plane this week is the first time in half a century that a nato member has attacked the russian target. if possible response they could call upon the western alliance for help. he was detained last year for sharing papers. she denied the charges of the time and was jailed or seven years. beijingconfessed in the high court took that to mean contrition. rishaad: back in business area.

♪

♪ rishaad: japan's 2% inflation target remains a dream. some signs of improvement. brad miller joins us from tokyo. what does this mean?

>> it certainly does mean that the patient trend is in trouble for now area we've had three straight months of -- of decline. and that's what the bank of japan is looking at. that is certainly bad news. mr. boutwell, see little different. and that's the bank of japan would like us to do right now area that's the measure he's pointing the market to. at.e are two things to look weren't nation. looking a little bit up. walkabouts the meeting? the boj meeting? will they do anything more in terms of increasing? >> we certainly cannot rule that out. 40 and surveyed about

there's what on stimulus. those in favor of stimulus favor january and april area and we can't rule it out. rishaad: thank you very much. ofig fall on the number proceeds. garrett this is surely goodness for banks? >> yes it is. the reported their first half results on the 13th. in the background, the still conducting. it's keeping interest rates low. in your october, 11%.

sosa number of corporate bankruptcy since 1990 area more companies remain the alliance. this transit to continue? let's yes. reserves ist from an unusual situation. us analysts are telling jewishness public it meant. it says it has to rise in the near future area and it should remain low and stable the time being. >> what about overseas? what is the impact on japanese bank? japanese banks have been increasing their lending overseas particularly in asia. that we are telling us

will need to close attention. most of the lending the japanese banks are doing this to the very highest level of credit ali. the we cannot really back to see any significant numbers. rishaad: thank you very much. lg is preparing to drop billions on a new went in korea. shanghai getting underway.

rishaad: third month of decline. chinese regulators. securities were let's roll the violations area brokerage saying it will actively assist the

csrc. several executives including the president are already under investigation. week,being counted for the metro station rally. hello making gains in the london metro area the biggest suppliers will meet consider response. they also step in mistake purchases. we have the final trading day of the week. the shanghai and hong kong open. >> let me get started with his expressions. up? netet this price is nickel copper and 10. we also prices on the shanghai features.

obviously we are nowhere near levels needed help. detailsot get into the that we should be looking at big industrial profit. with construction. not the sort of reaction to we're seeing gains. currently we are back above 86,000. mixed. fairly

thanks for watching here. unsurprising. 40 plus percent. 41 over 42%. there we go. rishaad: it's going on here. the shares are down by about

36%. it will be investigated. earlier this week we heard from the association of china saying that civic it over reported equity data. 157 billion u.s. dollars. the stock market ran up and then crashed. all operations are normal. how can they be? basicallyormal area

for insider trading. was possibly made worse is intendedrea wrongdoing. different from function. i did not find any references.

we turn now to technology. this when it'sg making a huge investment into that technologies future. state-of-the-art manufacturing left in its own nation area state-of-the-art screens for apple. it will about these ultrathin screens. lady at the lunch event.

the way of the future for apple this lg just jumping on that? quick huge demand for apple products. apple will want to guarantee. customerlg's biggest area did accounts for 25% sales.

they want to counter this one. after two decades of wrangling and that back. a global political push. it all caps off on monday. >> that's to present global warming from exceeding two degrees.

the and reports as were already halfway there. more than 170 countries have been in pledges. that will include short-term and longer-term pledges. a mechanism for countries to be able to come back and agree to cuts in the future. financing for developing nations to go rain. you see it more recognition the climate change.

in addition cause for wind and ther power as turned area game changer this year could be participation of some of the most developing countries. they're all very good reasons. rajoy now by joseph matthew nelly. talk us through how asians are

addressing this. about five years ago with around 50 billion. area three to 4 billion such as china but -- elsewhere as well. the whole of south korea is about 80 gigawatts. monstrous.

look at other countries. the letter is being australia. on a per capita basis is china's huge. so what if it has one power the size of korea? that's why they need to continue to increase the investment. it's going to double again in the next i've years. talk about growth and opportunity area there's a matter of the dislocation of capital. >> that's a major issue.

people have the asian infrastructure. asian development bank. there's a must the dislocation area you're getting the money to do that. unless you argued company with you to balance sheet. and if you're that you will do something different. think you very much. third, we have a look at the marks prospect. ♪

>> they could be used to enrich uranium. maintain a listing of western sanctions on iran. the ethics committee and

football governing law. body has donated watches to a nonprofit. changesg rule -- gations that feet when many people think of all to electric cars that thing british mainly rolls-royce and utley but there's another contender. >> we're talking about aston martin. he watched the latest on film then you know you've seen the new one. he drove in this droid. aston martin says the bond movie has helped raise its profile.

let's talk about the bond factor. doesn't translate to anything? >> absolutely. it's a relationship many people associate on with aston martin. it becomes a little bit like eliminate dust the olympics. they come around every three or four years and was things. of the 24 bond movies that it been done we're in a very personal with both anger. be outdo you need to there? martin is aston generally seen as a friend. the six not million facebook and. the brand has tremendous ocular peel. that much broader appeal.

then only target people that can afford to buy cars but also the base of popularity. >> you are also selling heritage area did the that 102 years old. why should it come at a premium? do buyers really care about the heritage? >> i think it's part of the story. every brand is a combination of the next variant of product in the story. we've only ever built 80,000 cars. >> i think we're very good at what we do area it's a very sustainable company. 95% of those cars are still on the road. they have appreciated tremendously. >> is it true that the brand is an easily identified at the message question of people know the lamborghini and rory. but not so the aston martin. >>

there's something for everyone. we have to market to some thing less extravagant. intentionally. look at the design the very classically beautiful old. aston martin has a timeless design. so credit 1020 or 30 years old and still say what a beautiful most people lance a second time at aston martin's. we think our values of timeless design in which british yardage aston chip i think the appeal is very much this market. differentiated from the other guys. >> if you look at china for instance the younger wealthy population have you reach into market by china? >> they on average of 10 years younger than buyers in europe for the united state. in the western strictly 40's and china late 30's.

cultural reference points are very different. we're introducing a crossover product that people i think will have a tremendous market in china. the brand make relevant mr. incontact and that the product like an electric car. broaden the appeal of the brand. feel it's absolutely incremental to the business area where not reviewable best ours with large v8 and the 12 engines. we're working on the core powertrain lineup. lower emissions. we also see electrification as part of our future area it's really important that aston martin doesn't only played it out. segments you technologies >> who

will be pitching to in 10 years? different? >> i think the estimate of the brand will become much more diverse and it is. in terms of ethnicity and in terms of gender. if you look at what is going, from north to south and west. forcing more female buyers. also more first-time owners of aston martin. in china in owners of aston martin are -- actually all right many companies in the west. the resident there. quality of think excellence and design of universal appeal. >> we have to leave it there. i can dream can't i. it is black friday. we have bargains galore waiting. ♪

rishaad: a lot of chatter on social media about black friday. record. it increased in 2012 of this order to the line the last couple of years. this amazon extended free shipping macy's getting in on it and trying to entice and get back in there. the national retail foundation

predicting about 175 and 8 will shop.ricans >> everyone is getting in on the action here area you're cruising the upper middle night. you obviously are a committed shopper. even the ceo is weighing in. set out on a wonderful thing he can't wait to see you tomorrow. unicef to get people out there. also deals being offered early on twitter for those were following. i'm not quite your visit the real chris rock. so funny to read. the trembling that is not funny. we know they're been infuse in the last hour and actually their safety tips that people are floating around twitter.

rishaad: climate change and a cause for global campaign.

rishaad: friday the 27th of november you're watching trending business. to guessing upon the knowledge and bank. circulation with china will step in. surging from multiyear lows. indonesia,ance of similar results from the long

arm. and acclimated here. it may already be too late to had to nextwe week's crucial talks in paris. follow me on twitter. #is there as well. it's underway now and are up. david's having a look at how your money is doing. >> we're seeing gains across some of these are. overall down cap 1%.

if you look at those over the course of the last five days. anywhere,really gone it's really hard to -- try to price in what's going to happen next week. there are multiple possible outcomes. janet young. ge is coming out. moneys at this point's off the table. the good data out of japan today. inflation is nowhere near the target. core inflation. energy and freshman. again not even have to percent target. or maybe targeting corporate tax. that's still a moving target.

china one thing i want to mention here area it's 3915. slightly weaker. closer to a dollar you on. that's a wrap of your markets right now. rishaad: china's inquiry into is underrule breaking investigation for alleged violations. >> we know so far is the epic security has confirmed it will be investigated. securities association of china this week has had that they had

over reported equity data by 157 billion dollars. the latest against china's largest brokerage. they're seeking to assign blame for the nation's stock markets a law. also among seven citic securities executives investigation for alleged insider trading area that report came out two months ago. no comment yet from the company were officials on that. brokerage another said it will be investigated or is being investigated for similar alleged rule violations. that's the latest was citic securities. there were two other brokerages in china but under investigation for alleged that's.

ceo areuts of one unknown. shares are down. and insider information announced. asia in the news again today. watching winning numbers. lateurse just yesterday or for yesterday what is the future looking for this business? >> the numbers don't look all that good. but the feeling in the market is that it's going to get better. they're sitting lower on the back of those that we talked about area they are down about 50% today. air asia posted a loss of 95 million u.s. dollars.

the result it's it due to foreign exchange losses and indonesian operations they saw drop in passenger numbers. result don'the worry remains upbeat and sees the losses a temporary setback. for a great and to the year. research company gmt issued this of work. it lets the airline use transactions to display earnings. asia 21.ng air

it doesompany including seem pretty happy. >> thank you very much. let's check in on some of the others. you made a speech two months ago. lacks that is right. we had heard this thing like before. china has confirmed plans for the major military ring. it will bring all four branches of the armed or says under u.s. style joint command for the first time. he is personally managing the shakeup and want to be good by 2020. when he announced that the liberation army.

mark the 70th anniversary of japan's the. it is significant. now the u.k. and the so-called elephant deal is cost barclays $109 million. regulators slapped the fine for failing to investigate a group of ultra high net worth clients. that's around $2.9 billion. britain's financial conduct barclays was found a quote take on the client is the the latestea misconduct is really a blow for the chairman.

now back to china again. servicecle handling says it aims to break even next year. the online booking service will make it standard across china for vehicles operate on double-shifts. the drivers are working eight or 12 hours each day hiring cfo claims this will ensure they meet demand. unlike competitors who were china which functions with independent contractors. they looking to expand its operations.

>> the website were looking at why australia may attacks is showworking ahead on the will be heading live to manila. whether the inflation figures mean for the bank of to and. trending business continues in a couple of minutes. >> this is more than just a town this is our

>> it is falling for three straight months. that is certainly bit of a blow to the bank of japan. that's a key issue when it comes to getting it to percent right tag. their long way away from reaching the 2%. a zero point 7% increase some improvement in prices in japan. >> can we expect further change? >> we certainly can't rule it out. the next -- the next meeting is december. the economist we've spoken to easy they looke at january.

probably looking into early next year. >> tell us about the unemployment rate. >> that really should be good news. the size of the labor force declined after the project nation rate. those are not particularly good for japan. actually seeing ways you can grow and the end to which the ifernment requires area wages are not increasing the still trouble and and and that's overseeing.

>> russia has agreed to share information on islamic they target in syria. moscow stepped up its more newds with turkey area overions are planned russia has ruled out military retaliation. the pre-military council met to discuss relations with ratio it says the group is primarily backed by syria. plane isof the russian the first time in half a century chinese journalist jailed for leaking state a great is been released.

she denied the charges at the time and was jailed for seven years. now she is confessed in the beijing or take that is conversion. >> lg says it's been some is $9 we have the details next.

rishaad: lg will spend about $9 billion on a manufacturing nantz in korea. a lot of money at the big investment. it's a gamble some say but it looks like of going the right direction area >> there talking about a nine alien dollar land to manufacture these screens. a generation technology that is been used by apple for ipads iphones and other sorts of devices.

some of this is paper thin. we have video we can role of this new display technology which is this band. you can paste it on the wall delivers brilliant images and the dollars. it's really the way of the future. in many when technology is artistry health. natural that lg would want to be a leader in this >> the factea and that consumer demand is rising area who want the best ridges in the best colors, and a cutting-edge experience that apple plans to deliver.

you'll see the number of these grow. us is called t10. they will produce panels for large-size tvs. we know the wearables are huge area for many companies. this will be on your wrist. the company confirming that it will be spending its clydesdale in yorkshire bank operations and next year. to bring consolidation to the banking industry area one of the biggest supervisors is ahead of over 900 positions. they're planning to reduce its workforce by 9000 by 2017.

he is hoping asset tales strength ages wide budget short alternate year low. looking at what's going on the beense in manila, trying at the moment to cash in and they've embarked on the what'sg frenzy area going on here exactly? >> well they just can't seem to build malls fast enough over here there rushing to add retail days to satisfy the growing number of shoppers.

725,000 it will be added by next year. not attend the existing rates and already in the capital area economic planning says upcoming it will expanded six sent this year. >> what's behind this buying >> a steady remittance of inflows. as well as the booming bpo sector has added to -- let to some really powerful funding. retail cells are expected to

rise above $155 billion next year area this is with bringing in international retailers to the philippines. 2008 190 midrange and luxury brands have the philippines. >> things for that. also watching black friday sales were retail scene with the moment. retailers piling on discount. >> essentially overseeing the u.s. is the fact that consumers are spending more on their answers rather than good area receiving a decline in retail cells. it is aboard a shopping weekend. 1154 -- 52 point or billion was that by americans on

the right a. unless couple of years sales of started to decline. if it's not 49 and a half alien. spending was down 11% last year area and 135.8 million americans shopped. essentially retailers are having a bit of a problem lowering retailers. they been luring shoppers all there are a lot of things that retailers are really trying buto to lure shoppers in certainly were expecting a bit of wine on black friday.

essentially the retailers will >> think you very much. he's ordered an extra budget the so the extra budget will focus on the transpacific partnership. it also been saying they have not determined the eyes of that extra budget. elements are changing within japanese sanity. also talking about how they try to arrange a meeting.

fitting lines across the asia-pacific. times index. look at it now. up next heated debates. they're trying to agree on a plan to tackle climate change area

rishaad: copper and zinc have extended advances. sources saying china's biggest suppliers will meet on saturday didn't drop a cut. the latest move against the country's biggest brokerage area

chinese securities trading pending and announced and. the -- atck look at what's been going on. here's david. >> we're looking at plans coming out of japan. it's really been a key talking point. innospec to develop the trojans. just to set the background. nikkei is looking to reduce the corporate tax rate. ordered noinister is reaction as far as the nikkei being broadly in line.

i will get to that so been at the moment. i look at this. triggering gordon. the stocks can't find the floor date notdown year to long story short. the company was blindsided. shareholders are blindsided as that start up with saw maker.

one to 1%. s.e.c. company listed in japan. for fujily stands chemical. it makes crutches or motorbikes cars lawnmowers. that's any basically spend more time there. japan made it down. metal producers in japan getting accomplice. mellon stepping in. great quickly let me disrupting that. hong kong.

look for 42% drop in earnings. they did not have any dividends. 3.3%. securities were down four point or percent. among the brokerages that are falling today securities are also down. what are we doing now? that it isinting out also suspended pending and announced that. we will have all of the details once we find out. >> after more than two decades of wrangling and that back. restarting to tackle climate the linden joins

us with a little more. next number were looking for here is two degrees celsius. u.n. report says we're actually deal isfway there area being thought where all countries take action. what a 107 of these countries have artie had better turn up in copenhagen. it does look like these national wedges will be falling short of that international target. the goal here is to try and put in place of raymore. that framework will include short-term goals and pledges. countries that have agreed to

come back. he left climate change meeting we had in copenhagen and did someone acrimoniously area it is hoped that it will be different. there more recognition the climate change is now everyone's problem. wind and solar power have limited. expecting theill divergence between developing and developed entries where emerging -- emergences say while should we miss out? the game changer could be china this year. factory driven old economy has lost court. we have more political momentum.

negotiators are being optimistic this time around. >> you sit energy can transform all sector. >> there a lot of things that could pull it on carbon emissions area >> i have three sites are to take a peek. first thing is where this investment is happening. we do a split of the data we are most of this investment is taking place else i in china and in asia. the traditionally is not been

the rich world. it creates interesting opportunities only think about what would happen. my only god is europe china u.s. and then asia. u.s. only got to be about half as they. still not as big as it was in 2011 area china is the market that has a continuous function. in china is now as big as europe is. basically the two biggest markets are in china and the rest of asia area on the rest of asia is now bigger than europe.

>> ok fine. then 1.4 billion people. >> that's what the third one is so important. the rich world and in fact china but also look at cap were because of the power sector change your going to end up with omissions in the power sector. we artie down below that in the u.s.. china's the biggest power system in the world. we have about 15 years. let's look at india. there's so much conventional power invest in.

it's something like four times the omissions in india if we continue on the path. >> believe it our climate change may affect the country's credit rating. >> it's not yet a reality but is the ability that in the future if environmental damage continues unabated there is no way global economic act of the

will be unaffected. climate change could cause credit ratings downgrade. s&p says simulations of the consequence is a cap will storms and live show the climate change increases the risk of downgrades by 20%. some readings could gradually be more rest. another thing is -- emerging countries. >> s&p says yes. the impact is far more intense for emerging markets been developing economies. also the flood in thailand.

the report found that in most affect did the income losses range from about 1.8% to eight in a half percent in thailand. climate change alone would rate government debt by about percent. it's not to say the developed countries are tempted. manila also suffered to some extent. u.s. new zealand japan that would be pretty significant. what can we realistically act from the climate talks in

>> first of all this is a very important opportunity. progress overof the last two years especially to open hagan area bringing countries together with the private actor with the decisions. meeting marks a turning point.

>> i think there is a lot of agreement now. almost all countries have made commitments. they're coming to paris with commitments area think the challenge will be to help countries implement area it's important that we also look at anything in education. to make sure that all countries can indeed follow up on the commitment that they are making. >> it's not the end of a process. ensurearis we have to

that these commitments are followed through and that we look on a regular basis to improve on these commitments. >> is two degrees the magic number? the groundwork is artie been laid. at the moment it's more than two degrees. we need to look at this beyond harris as well. we need to look at the fact that countries are willing to to start making commitments and we need to see of these minutes in the root over time. >> absolutely. in china and india they that rich nations should lead the way

of course these industrialized countries talk at the cost of all this. that? >>your views on will first of all i think china and india are making good progress. there's some of the leading investors in the world in terms of renewable energy. in terms of for example china reducing alert. also india is very much investing in renewable. in both cases a think we can see a significant reduction in terms of carbon intensity. without risk there is a lot of positive movement. i think we also to take into account the principle that all countries have agreed to differentiated responsibilities

area where countries that are still developing are still have they development challenges still have many people living in poverty. they need to be able to develop. and we need to make sure that the principles of common differentiation responsibilities are applied. in that resource thing is made available to those countries who need them. >> thank you so much for joining us this evening. at the take a break but on the other side of it were looking for more on this climate change issue. india's prime minister back in the spotlight. we'll talk about what he is doing to tackle changing the environment.

rishaad: crucial climate talks in paris were well leaders will attempt to reach a global strategy. india at the forefront. because of the size indeed and because of their missions. the situation in both those >> muchs first in china of northern china southern return of the dreaded populace earlier this month. the skies were so thick on this day and date beijing that the government want people to stay indoors. the situation far beyond what we can see suspended in the air link thecientists filing of the environment to disease and climate change a point punctuated by alibaba. >> when i was 12 or so i went to swim in the lake and that almost died in the lake because the water was deeper than i thought. about five years ago i went to

that link again and it was dry. a lot of people have disease. 20 years ago very few people have heard about can't or the familyt now most of our of cancers. -- literally are breathtaking area as winter sets the pmtemperatures drop, 2.5 that the nasty stuff they gets caught in your lungs, that starts going up in this once again is the face of modern china. quite that's not to say beijing is an trying to scrub it there. they do have blue sky days like this on the get them consistently the government is putting a lid on some of the biggest offenders.

the end of march beijing shut this factory down. they're trying to clean up its notoriously smoggy air. >> in the last five years roughly about 30 to 40 gigawatts of cold area this year we expect 25 from wind. solar and wind together actually now more than.

stephen engle bloomberg beijing. >> what can expect from prime >> 11er in paris mark climate change talks right at the west. it will not be brought down by aggressive. in an exclusive conversation he said that india would not be bullied into accepting positions responding tos climate by the u.s. secretary of state john kerry area they insist that india would approach the challenge. if it's unwarranted.

going on the 30th of november to address the change conference. modi is also hopeful that in and is clearly saying that >> remember about 2% of india's our comes from modi trying to mitigate that. >> thanks for that. that is it for trending business area stay tuned for asia edge. will recap the big stories of the day so far.

christie's auction is taking place right here in hong kong. i'm joined by the asia-pacific chairman area this is bloomberg.

>> our world today is wealthier than ever. not everyone shares in this wealth. today's young business leaders are challenging this, changing the way we think about money, it's power. this is a new generation. this is the new philanthropy. one of