dotcom is available for extradition to america. just did it. jumped as they smashed expectations. revenue in china jumped 24%. let us know what you think of today's stories by following as on twitter. trading in indonesia it is getting underway. here is a look at the market. how is it looking now? >> pretty green. stocks mixing up my sea of green, a little bit lower. a pretty good session here at very light trading volumes given that we are in that holiday state of mind. stocks,ple, sydney

volumes 60% lower. still, some pretty good gains. hong kong shares extending gains as we get into the swing of the day. we are getting cpi numbers out of singapore, malaysia by midday today. we're seeing an uptick in oil prices, really helping commodity-sensitive industries across australia and southeast asia. let's look at the movers. the international listed hong

kong company surging by 7%. suspended, buto, resuming trading today, up almost 10%. it purchased a $1.1 billion in china's largest bmw distributor to broaden its networks across that luxury sector. noble group is also doing well today. it has announced that it sold the rest of its agricultural unit. that will be used to pay down debt. noble is trying to hold on to its investment-grade rating. thank you. we have some breaking news. a new zealand court has rolled om is eligible for

extradition to the u.s., facing charges of copyright infringement, money laundering, and racketeering. we go live from sydney. tell us more. judge found overwhelming that forthat individuals should be extradited, including kim dot com. when the verdict was read out, little emotioned in court. another first out into tears. this case has been ongoing for four years. they will face charges of copyright infringement, money laundering, and racketeering. the u.s. authorities are confident that he is one of the biggest internet pirates of the age. he can make an appeal. there are a couple of rules.

it must be lodged within 15 days, and must focus on a specific point of law raised during this extradition hearing. however, if there is no appeal, the next step lies with the -- minister,ture who will rule whether extradition can proceed could given the relationship between new zealand and the united states, it almost certainly would. talk about those nine weeks of arguments. it has been a long time. dotcom has long maintained that he has not broken laws could what is his -- broken laws. what is his argument? >> he likened his service to dropbox, and said most of the material was legitimate, and the material that was not legitimate, he says he complied with any notice that he got to remove that from the website.

he also gave an example earlier this year that just because somebody makes a knife, you can either use it to stab someone or use it to slice your bread. the person who made the knife should not be arrested for what they did. it has been a long and torturous road to get here. that extradition hearing it self was postponed for times before it took place in september. there have been numerous hearings on bail applications, access to evidence, and access to funding as well. thatefense has long argued it was starved of funds. that could be a potential point for appeal. even though the court has ruled that he can be extradited, it may not have ended yet. input --roader implications for what it needs for -- means for copyright laws.

thank you. surging in hong kong after its chairman returned to work. he had been out of contact for more than a month. for the background on all this -- >> that's right. international shares are up more than 7%. the most in seven weeks. he is back at work, back in his role as chairman and ceo, and the company's operations are stable and normal. he has been helping mainland authorities with that investigation. they also said that it was not the subject of the investigation , nor was he himself. let's go back to november 23, exactly one month ago when the company had said they could not contact him for five days. that triggered a 12% fall in the

companies share price, slumping 20% over the next month. today, when news of his reappearance back at work came out, and the company said the investigations -- that he was helping with investigations, and these investigations have coincided with president xi -- clamp camp down down on corruption, and also an investigation that happened over summer. he is back at work now, and we don't know any further details in terms of what he was helping with regarding the eight investigation. said that company they had nothing further to add apart from what had been released by the hong kong unit. back to you. yvonne: still a lot of questions. investors liking the news today. thank you very much. some other stories we are

watching -- insurance has boosted its stake in mainland, boosting shares to more than 7%. that was before trading was halted last friday. that adds another twist. according to a hong kong stock , they increased shares to 7.01%. raid on shares followed comments from the companies chairman that the developer didn't welcome a consortium back by a group to become the biggest shareholder. nbang has already acquired the waldorf a story and is working on a deal to acquire a belgian

banking unit in london. brokeragena's a guest has halted a $3.3 billion share buyback. they announced the buyback equitythe $5 trillion meltdown over the summer, but now says there are too many risks to its operations's liquidity and operations to go ahead. itong said some bondholders ask for additional guarantees if it went ahead with the buyback. the buyback came amid market support measures. haitong's mainland shares down 30% to date. and, what retail slump? surely that is what nike is after they posted

second-quarter results above expectations. topping profit return, estimates of 86% -- $.86. to 700 androse 20% $85 million, while orders are up 20%, suggesting strong demand for the brand, particular from china. analysts say the trend will likely continue, nike benefiting from chinese buyers wanting to be associated with the brand, and the global fashion shift to sporty a tire. nike shares rose force a print -- four percent in late trading. nike has gained 37.1% to date. yvonne: thank you so much. signs of stability. we will look at why some say china may go into the new year on a firmer footing.

we will be discussing cyber attacks with trend micro and here about their concerns over the cloud. that is when "trending business" returns. good morning. ♪

ashley t-mobile, madison, and the office of personnel management, all of them were targets of major hack attacks in 2015, and the threat is not going away to year with the switch to cloud computing and mobile payment exposing your problems. , trend micro. great to see you. some notorious cyber attacks this year, possibly making more headlines than 2014. as we head into the new year, is no one safe?

>> absolutely. 2015 has been a busy year for trend micro and the industry in general. what we are seeing is that companies are increasingly facing what i call digital disruption. free data, free tools, and almost free market that are out there like apple and google, companies are facing 10 times the competition, providing products and services at 1/10 of the cost, and that is causing a .ot of grief for legacy leaders because of this disruption, there are two technologies which are causing this major digital disruption. one is cloud computing, and on the other side is i.t. consumerization. those are the things that are

causing in or must pressure on that the companies have, which is being leveraged by the cyber criminals. in 2015, we saw a number of high-profile attacks, some of them not out in the news, but standard, onene fourth of organizations faced some sort of type of crime. yvonne: you call the cyber ware.ion, ransom what about it is so particular dangerous? do you talked about this before. there is a lot of psychology involved that goes beyond the technical aspects of this operation. you know, cyber extortion is not new. avre used to be this fake

that attackers used to leverage the fear of users, saying your system is compromised and they will try to get you to buy a .ake antivirus software to 2015 was the year of the rent somewhere, where they will take control the data, encrypted, and asked for money. as we move into 2016, these attackers have data breaches in their bag, and they're using this data as a way to ask for more money. we saw three banks in greece asking $21 million otherwise the attackers said they would take it down and cause a large number the nile ofor service attacks. this --o need to see continue to see this where they

leverage the fear and psychology with the data they have been able to get hold of and try to extort money from organizations as well as users. yvonne: some of these companies or the target of cyber attacks. that it tookitted them six weeks to find out they were under attack. it's not that we will just see more of these attacks, they will be much more complex. >> absolutely. we used to be in an environment where companies will come up with a single signature, and that will protect thousands of organizations. we are entering the stage where cyber criminals are designing the attacks for a specific organization, so they are becoming highly targeted. what is even more alarming is having the attack happened and having to deal with it, that is challenging in itself, but on average, it takes about 242 days

before an attack is found in an organization, and that is really a concern. if you find it, you can somehow deal with it. yvonne: i have a question. these big companies, do they have the proper security in place for these attacks that we will see next year? is the proper infrastructure there? >> some companies are deftly better prepared than others. the companies that are not thatred, the challenge is you asked them about cyber security and they treated as a technical problem, whereas we all know that these attacks are all about people, processes, and systems. it is a business problem. ceo and you ask in your company who is the person responsible for security, and if the answer is the cio, then you , becausea problem security is everyone's business,

and it needs to start at the top. yvonne: everyone's business. thank you so much per joining us from trend micro asia-pacific. thank you. look at the stories making headlines around the world. in china's capital today is described as hazardous by the u.s. embassy. particles --.5 right now, 15 times above internationally acceptable levers. shanghai's air worsened increasing 130 four right before dawn, almost 14 times above that safe level. forcelerts have been in in at least five eastern city since the weekend. reports from china say a person has been found alive in the rubble of a buildings -- buildings destroyed in a landslide, more than 60 hours

after the disaster happened. about 85 people are still unaccounted for in the debris. shanghai also says that city officials have ordered a review of safety at seven other construction sites in the city. the architect behind tokyo's new olympic stadium says his design isn't intended to impress people. it is rather to blend in with the surrounding area. selected afters the original when was deemed too expensive. onestadium will cost about $.25 billion to build and maintain -- $1.25 billion to build and maintain. yvonne: a new smarter messaging app is in the works. we will have the details, coming up. ♪

yvonne: google is planning a new, smarter messaging app. basically they are using artificial intelligence? >> absolutely. messaging is pretty much the new battleground for tech companies. google thinks it is missing out on that space. there are reports that it will create a new smarter mobile app. has hangouts, but that has not been popular. this will use artificial intelligence to take on facebook. areill tap into the way you trying to communicate with your friends and other people in the cyber world. there has been a little bit of concerned that google is a bit late to the party. a buzz feed report coming through saying that perhaps they

will be waiting into a crowded space you. we had one that was questioning whether it will help. tweeting thaton they are quite positive about this. says that it is 90.9% of the people out there not really going to be concerned about this battle between facebook and google. think ofhey have to some new things to get people chatting on these things. i don't know. too many mobile apps out there. thanks so much. as we look ahead to the new year, our colleagues at bloomberg intelligence have been giving us their views. let's take a listen. ♪ think it will be a year of

mass differentiation. we had 18 months of a severe downturn. we think we will see stabilization, but there will be a big diversions between the operators, revenue, and earnings performance. ande who have mass-market new resort exposure are going to be competitively advantage. examples would be galaxy entertainment and when macau -- wynn workout. revenue havege in surpassed for the first time for many chinese companies in 2015. mobile monetization will increase further in the coming years. revenue growth will continue t benefit from this trend. mobile internet penetration that was below 50% -- mergers and acquisitions in

2016. given the lack of new launches, companies need to see growth by consolidation. it may seem reasonable for companies looking for pockets, and it could also be that they try to use the cash and try more capital management exercises. they may even raise dividends. >> companies will likely face margin pressure as they do with rising raw materials costs as of el niño. sugar, expansion for bread makers and noodles. compete ines to high-margin, ready-to-eat meals,

a likely see the largest market compression. ♪ this year has up, been a tough one for president xi jinping with the stock market route. we'll take a look at his leadership going into 2016. ♪

yvonne: top stories trending this hour. asian stock market pricing on the back of growing confidence. oil prices have also advanced. the regional index has hit a two week high, following u.s. shares, which got a boost from consumer spending data. stability in the growth outlook is also visible in a range. up after the chairman uotai resumed his work.

internet entrepreneur kim dotcam can be extradited to the u.s. to face money-laundering, extradition -- the men all denied the charges and have a right to appeal. asia stocks are tracking u.s. markets. let's take a look at what is moving here in the asia session. not that at all. this a sure we can call santa claus rally given the tepidness of the trading boy teams. australian volumes down 60% compared to the 30 day moving

average. it is a in-of-the-year lethargy. we are doing quite well. jakarta extending losses, but worsening strong gains across commodity-sensitive markets like sydney, a bounce in oil prices overnight. into theending gains asian session. shanghai holding things up by 2/10 of 1%. hong kong one of the better performers, 1% early in the session. i want to take a quick look at what is moving. an eye on some commodity-sensitive currencies. , also thesian rupiah -- it is ringgit seeing quite a bit of downside. we are getting inflation numbers

out of malaysia and singapore in about one hour. oil, we'reck of seeing that gain of over 4% for wti extended into the asian session, $36.33. brent -- crude is trading at a premium to brent for the first time since august 2010. time it hasfirst closed at that level since 2010. , quick look at the movers international securities listed entity here and hong kong surging. intra days high's -- highs up by about 7%. in time for christmas, he is back to work, and investors are pleased with that. we're seeing some gains for 10%, grand auto, up about

bmwhasing a 50% stake in distributor. noble group getting a rare good day when it comes to trading, still down 60% year to date. itsffloaded the rest of agricultural assets, so that $750 million will be put towards paying off debt, and that company is trying desperately to hold onto its investment-grade rating. that is how we are sitting right now. yvonne: thank you so much. been challenging in china with the economy on track to register the slows growth in more than two decades, but the latest indicators suggests it may go into the new year on a firmer footing. i love these alternative figures. >> they are saying that things may not be worsening.

it's not clear if things have turned the corner in terms of we picked up enough momentum for the pboc to let go of the gas. what we have seen, and were looking for indicators. can we get the baidu chart up. what this is his -- so what engine, we a search have billions of searches every day. and crunches that the numbers and comes up with the forecast on what the actual pmi would be. for december, 50.2. on the left citing green, those are the actual forecasts. hasn't been above the 50 threshold for expansion or contraction since june. that is one sign. can we get the full picture of? were looking at metrics.

99.5, sme index. him and i china business sentiment, 52.7. china business sentiment, 52.7. i believe this is measured against a threshold of 50. all four have indicated a pickup, which gives those reason to believe that there are signs of stability. index -- i was looking through the details. it tookn mandarin, so about three hours to come up with what these indices were. education, industrial chemicals were doing the best. against 100. the biggest improvement where in machinery and equipment and

household appliances. e index, small and medium-sized enterprises. that's a first look before the first when the comes up january 1. how accurate are these forecasts in mirroring the actual numbers? >> they are able to track the movement, or the change from month-to-month. it is able to determine how robust it will be day -- will be. may, it isto slightly more optimistic. it is on the baidu website. bullish thanmore some of those official numbers. thank you so much. how will all this affect the confidence people have in

president xi jinping's leadership? good to see you. let's put his leadership under a microscope. how did 2015 go for president xi jinping? was think you can saieh probably the most difficult year he has had since coming to power in 2012. there were a host of issues, devaluation of the yuan in august, stock market crash, explosions at a toxic chemicals warehouse that killed 170 people , so a very challenging year. also, the couple of high notes, 'sportant ones, the yuan inclusion in the basket. the asia infrastructure investment bank, so a mixed bag, but certainly the most challenge had since coming to

power. yvonne: he has been through a lot this year. what do we see for him in 2016? what areg question is the chinese leaders going to do about growth. -- they haveing telegraphed a desire to transition to slower growth, what they call the new normal. at the same time, president xi jinping and the premier has said they both anticipate a minimum growth level of 6.5%. stillou talk about growth being that high, that would indicate that the leadership is not prepared to step off the gas. they will still rely on stimulus to prop up the economy, so it does raise questions about their commitment to wean themselves off debt and move to more what they call stable and higher-quality growth. credit how much of the blame should we ascribe to president xi jinping himself?

>> that is a very good question. since coming to power, president xi jinping has amassed so much authority for himself, installing himself as the person in charge of various very important, and his party groups theseeing the economy, also military and the things, so it is very hard to get a real read on what is going on, the internal workings of the party. we do have suggestions that president xi jinping has firmly put himself in charge. when that happens, the perception is that he is the one to take the credit and also to take the blame if things go south. yvonne: all right. thank you so much for that wrap up. report card for president xi jinping. on someeck in other news. toshiba, a week for

$4.5 billion loss, job cuts, shares tumbling to a six-year low. that is not all. now their credit rating has been cut to junk. that has been a downgrade to sub investment grade, citing the duration in the core unit. $12 million to settle complaints, the faa says it missed a deadline to give airlines instructions on installing devices to prevent fuel tank explosions. boeing has promised to address the concerns by improving management oversight and introducing more training. it could face an additional fine of 24 million dollars if it does not adhere to the deal and the next five years. india's planning tougher managers to protect struggling steelmakers. ae government will impose minimum price on imports and is looking into restructuring loans. producers are struggling with

debt that cheap steel creates when flooding the market. near six-yearre lows. measures are expected to be in place by march. the third chinese lender to list in hong kong. the price shares at the bottom of the range. they look like this at the moment. up 1.3%. it has pared some of the earlier gains. our finance editor is here now. how do these general doldrums affect pricing? >> given the fact that he had this great stock market rout in china, which spread through into hong kong in the middle of the year. we had a biddle -- bit of a bounce back in the shanghai composite, but not quite as much as the hang seng index.

obviously that reflects the fact that foreign investors are still smarting a little bit over the losses they incurred over the course of the summer. not very keen, the risk appetite is not where it was at the start of the year or ipos. that has affected the pricing , but also theanks big offering we had this quarter was china energy engineering, raising 1.8 billion u.s. dollars give or take, and their price was also at the bottom. yvonne: volumes are at a five-year high with the hong kong market. what is up with that? >> this will allow us to come back to the bank, a lot of these offerings were supported by cornerstone investors. we wrote some stories talking about how the portion that had been sold to strategic investors is the highest on record, at least according to the data we

compiled. 63.5% of that offering was supported by cornerstone. you would think that is a good thing. but if you look at the makeup of e werernerstone, ther quite a few names the market did not recognize good the sure seem to go to companies that were based in other provinces. it is not as if there was a great take vote of confidence that this offering was attracting international and cornerstone and so forth. just can't compete with these big rival banks. there's a lot of concern still on his bad debt levels. we will continue to check out the price. thank you very much. coming up next, the space race in asia after the break. why moon missions might be a top

trend in 2016. ♪

yvonne: welcome back. the stories making headlines. fromillion people driven their homes by war, poverty, and persecution. that is according to the international organization for migration, four times as many as in 2014. syrians, with significant numbers from afghanistan and iraq. almost 4000 people drowned, including 11 whose boat sank yesterday. a chinese lawyer is back home after 19 months in detention after being given a suspended sentence for online criticism of the common his party. he was convicted of disturbing

order and inciting hatred. he is still under surveillance and needs time to recover from his incarceration. he is banned from practicing law. his supporters say he should never have been convicted. another senior in world football may be banned. alleged men conduct. he was second in command to sepp blatter and was suspended in september after being linked to a scheme to sell world cup tickets at inflated prices. he denies any wrongdoing. webal frenzy among chinese operators and the rise of asian unicorns, 2015 has been quite a ride. ts ask our tech reporter.

not supposed 6 was to be a foldable phone, but samsung may come out with one that will do that. has is technology samsung in working on for a while. galaxy same out with a nds edge, a screen that wi down, that's cool but gimmicky. looking tortainly add more flavor and punch to the smart phone market. do develop a lot of their own technologies themselves, one of our predictions for 2016 as they may start considering bringing this foldable technology to market. the idea would be that you would start with something that looks like a tablet, about 8-10 inches

in size, and use of the roll it up like you would a newspaper and put it in your pocket. that is one of the things we expect. yvonne: sounds pretty cool. one of the things you also mentioned was a virtual reality. we did test one of these out. is that going to be a new trend as well? >> htc hopes so. a lot of companies as well hope so. we know that facebook has oculus. sony is in the game a lot of companies will be looking to push their virtual reality next year. people are asking where it's going to come from. , i've also used htc's version. it is pretty cool. gaming seems to be the first

one. analysts may also say adult entertainment may be an area of interest and may get the ball rolling. that is another thing to look out for next year. yvonne: we expect the man on the moon again next year? well, i don't think we will see them landing on the moon next year, but china, india, and japan are among the countries that have plans to do moon missions. they have been going for a while with unmanned missions. it's not something you plan a year ahead, but so far no plans to do a manned mission. next year predictions is that someone will come out with plans for a moon mission. forne: we will look out those. thank you so much. coming up next, speaking of missions, elon musk says, welcome back, baby as his rocket makes a successful return to earth. he takes a step closer to his

dream of a reusable spacecraft. ♪

yvonne: the battle of the nerves is heating up after spacex made history in florida, the falcon nine rocket successfully launching a payload into orbit before its booster returned safely to earth. rockets are usually used once. elon musk has been working on reusable rockets to reduce costs. the previous attempts to land the rocket in june ended in its destruction. jeff bezos says he did it first. his smaller rocket flew to the edge of space last month before its booster stage landed in texas. spoke to a former nasa

what theseor about latest developers mean for spaced rubble. -- space travel. >> spacex made history today. we have the ability to land something that has been the holy grail to reduce costs and open up space to more industry and people. he should be congratulated, not only with a successful return within six month of that failure , but also to be able to drive the cost down 100 fold. tois that really possible drive the cost down 100 fold? at making theat spectacular statements and proving them, so i will not question it. he has already dropped the costs of launching satellites into space significantly by at least 75%. these used to be several hundred

theion dollar launches, and u.s. lost the market. now getting that down with reusability is clearly in our sites. only two hundred thousand dollars, so this is something like airplanes could andlying more regularly, the only way you get that is to reuse them. the engines are the most expensive, but there are other parts as well that he intends to reuse. >> we all celebrated when jeff bezos is blue origin it something similar and landed a reusable rocket safely, but what elon musk is done is significantly different. how so? why is what he has done here so much of a big deal? is one thing to touch the edge of space, and it is another to orbit the earth. times biggerad 15

rocket, and to launch a booster rocket, put 11 satellites into space, and then drop that booster rocket back to earth is truly amazing. >> when it comes to satellites and what this means -- the ability to do or missions, more quickly, more often good what does it mean for your industry? >> for the last 20 years, the biggest barrier to the enrichment and further growth of the space industry, especially commercial space, has been the cost of the launch vehicles. the cost of nichols has fallen over time by a factor of 10, but the price of launch vehicles has fallen more slowly. it would change everything for us. yvonne: one of the world's richest men is coming to the end of a tough year. carlos slim has lost the most money in 2015 of any of the 400 people tracked on the bloomberg

billionaires index. his fortune has fallen by $19 companyas his telecom heads for the biggest decline since 2008. that is it for us at "trending business". ♪

♪ announcer: from our studios in new york city, this is charlie rose. charlie: mandy patinkin is here. he is an emmy and tony award-winning actor. you knew that. barrinson inaul the hit series, "homeland." >> i am not done. i guarantee you not one thing about your life from this moment forward will be easy. i will personally see to that. you tried to have kerry killed. >> nonsense. >> she was your friend. >> you we