this is trending business. here is a look at what we are watching. mitsubishi confirming talks with nissan. several mitsubishi models may be affected by rico wallace. takata saying they expect to

make a profit. some say the recalls could top 118 million. debatinglian senate is the impeachment of the brazilian president. her opponents say they have enough support to bring her down. let us now what you think about our top stories on twitter. hong kong markets getting underway in 30 minutes. several others just coming online. we are following pessimism from wall street. the regional indexes lower for by thest session, led 225. on the nikkei we have had earnings coming through from toyota and bridgestone. , andpointing to investors

we have the yen starting to rise . little bit one member saying they see that 2% target being reached by the second half of 2017. they are saying we should be watching for today's negative rate effect. in australia, we are seeing some weakness. the australian market coming off of those highs, down half of 1%. crude rallied in new york and europe. aristocrat and myer looking good. looking at the markets coming online, we have malaysia and singapore lower. .aiwan down by 2/10 of 1% the philippines are releasing their monetary policy today. been a couple of positive sessions for the market after the election. some weakness in korea today.

1%.zealand off by 1/10 of it is looking like more of an negative session following wall street. at the moment, the yen is pretty unchanged. mitsubishi in the talks with nissan. we had early reports of talks the news coming as the company admits several models may be involved in the fuel efficiency scandal. how would this help nissan? chalice. is a poisoned --alind: at the same time

guest: at the same time, it is easy to see why this deal would make sense for nissan. fuelooking to win this economy scandal surfaced last month, nissan was the company that initially saw something fishy because they are in a venture with mitsubishi and as soon as nissan have to pull them from the market which was in the middle of last month use our orders just take a punch for the company, so even with two weeks affected, you saw minicar sales fall by 51% and that dragged down total sales by more than 20% so, that really is as good of an indication of any -- as in a as why nissan needs mitsubishi to be around to kind of maintained its presence here in the japan market. rishaad: thereafter the risks associated, what are the?

-- there have to be risks associated, what are they? will have to compensate customers in the government for overstating fuel economy ratings and manipulating test data. a big costng to be for the company. to what extent nissan may be exposed to some of the cost that mitsubishi faced is going to be something that nissan investors are going to be interested in. to what extent they are protected will be significant. the parties that mitsubishi was going to have to pay was going to be nissan, presumably as part of doing this deal that takes one piece of compensation off the table for mitsubishi to worry about. rishaad: and no doubt reduce the

what about they share price? we have not seen it moved yet. guest: absolutely. this may have something to do with the tokyo stock exchange saying they were going to wait for comments from mitsubishi and nissan before allowing trading to start that mitsubishi shares will rise by a record amount. we will see a jump in the shares. certainly, this is positive news. it is widening in the company a knowledge as much last night that nine more models are a part of the field economy problems and they have said that they have not been testing vehicles back all the way

to 1991. they have problems ahead that this would be a step toward weathering this crisis. rishaad: thank you. let's look at the world's -- perhapsnomy disappointing some investors. david: so, yeah, shares of toyota are falling at the moment. in all get to takata moment. toyota down 34%. they are really underwhelming investors. in nete seeing a drop income. below theer 20% street consensus and that is a

function of this $8.6 billion -- a points his billion-dollar loss. is also a macro story about japan in part from being an earnings story. ,o put that figure into context that is less than 1% of companies in the world have that kind of daily annual turnover. on this point, this is what the president had to say. we have benefited from a tailwind that has helped our earnings above the level of our true capabilities. we believe that we have built up the strength to take on these challenges. however, our initiatives are in the implementation phase. nissan.s will shift to we are talking about a potential deal. .et's talk about takata

shares are surging in tokyo, up 24%. just under 20% at the moment. do not get too excited, though. ¥3200ths ago, that was at . we are about 90% below. here are the takeaways from their earnings report that came out yesterday. we are looking at sales -- a little bit lower. i think the key thing here to remember is the third point that the company will continue to exist as an accounting ongoing concern, potentially the company catch up for billions of dollars that have not been reflected in this set of numbers. the recall could top 118 million vehicles worldwide. .et's move on li ka-shing

regulators have blocked a deal which would have seen li -- here is why regulators do not like to say -- have a look at this graphic, here. .hey would enter competition it would reduce choices for customers and lead to higher prices. disappointment in the end looking at options. the company said the focus is shifting. hutch is working with regulators on another deal. let's wrap things up. shares are opening up and singapore. quarter net income coming in -- what are we doing? slightly better than last year. a tip in revenues, though.

-- a dip in revenues, though. expect to see low single-digit revenues this year. shares are doing this and singapore -- can we get shares up? singtel may actually be ofsidering a $2 billion ipo high-speed broadband and shares her unchanged at the start of the session. the bank of japan governor has been talking to the japanese parliament about the possibility of further easing of monetary policy, saying he would do it without education -- hesitation if needed. , the economytioned has continued to moderate -- continued its moderate recovery trend. no word on whether they will be hitting that target of 2% growth.

no timeframe or reiteration of that. also highlighted the unpredictability of the world economy at large, which results in some large risks. if there was any need for further easing of monetary policy, he would have no hesitation doing it. talksnes continuing as he in the japanese parliament. the brazilian senate is in the middle of the debate on the impeachment of dilma rousseff. they are heading towards a vote and it some point, opponents say they have enough support to win. we are on the line in brazil remind us what this is all about and what will happen if the president loses his boat. boat -- loses this vote. reporter: they looks like it

will be an all nighter, we're only halfway through the speakers who have signed up. as you said, the overwhelming majority of analysts believe that the opposition has enough votes to temporarily remove from .ffice president dilma rousseff the vice president then takes over until a final vote to basically accuse her of violating financial but the vicey laws president as early as tomorrow may already announce his new cabinet including a new economic team. rishaad: the vice president will be taking over a while dilma rousseff awaits trial. does he have what it takes to get brazil that contract? it is not as though he is untouched by this scandal surrounding brazilian politics.

in hishe has many things favor. he is an experienced politician. he has been doing this for three decades. he will have a working majority in congress. his party is dizziness-friendly -- business-friendly. cutting spending. you are absolutely right. many of the people close to him, members of his party are being accused of many of the same recessthat rattled the administration. -- the dilma rousseff administration. there is no concrete evidence against him as of yet or at all. but again, that is one of the concerns. he is not terribly popular. almost as many people want him out as dilma rousseff. rishaad: thank you for that.

later, using a tap to take over the tech world. next, find out why in action is the best strategy. ♪

rishaad: reonal markets at the moment are down. when oil goes up, we have seen equity also rise. let's have a look at what is going on. our next guest believes this year will be more rewarding than last year. the mostrt off with

important thing that you are hearing on the street. what are people looking at. everybody is worried about volatility. everybody is worried about the next crash and everybody is the impending chinese debt crisis. there are a lot of worries on the street. investors are edgy. rishaad: how our investment decisions changing? what is strategy like? you must be looking at your portfolio on a daily basis. guest: absolutely. you havee hand, long-term injectors to achieve and on the other hand you have .ne i on daily volatility you want to minimize trot down. do not do it at the expense of missing an opportunity. the weekend to be more nimble

when markets have risen. typically -- way for higher volatility in my pessimism. really, and being nimble at the same time having an allocation to have ambition. emerging markets are visionary right now. our exposure is more skewed toward emerging markets. rishaad: let me talk to you about emerging -- [indiscernible] always -- is it just talk? we have seen some flow. what we have seen so far has been a cop or rally. -- copper rally. a lot of skeptics dismissed rally in.

-- rallying. look for a fundamental reason. the first of all, from an earnings growth point is that you, it has been depressed for five years now. in other words, earnings are so bad it is good. the price wouldn't really be itnest growth getting worse, would be getting better. the driver's for that like the u.s. dollar's string has been a major impediment for emerging market countries in particular. .lso, the weakness in china china is stabilizing and turning the corner. we have seen most recently a push toward [indiscernible] . it is hard to see the u.s. dollar embarq -- and parking on

appreciation. rishaad: [indiscernible] guest: momentum is coming back. theaad: the dollar -- in last three months, it has been declining significantly. he was suggesting that it goes down further? despite it coming back -- guest: eight -- yeah. marketsthe argument for -- was policy to virgins, right he had to -- policy divergence, right? . we have seen easing by the ecb. because monetary policy has moved to a new phase, the new faces in bringing down the currency. easing andut credit encouraging domestic demand and we have seen in europe through

banks so it is different and i do believe that u.s. dollar is not like it to just go in there and one way or straight line down. in a way, if you look at the inflation expectation of the u.s. by the said doing less, inflation -- hence, interest -- rishaad: [indiscernible] guest: anymore -- rishaad: great talking to you. [inaudible] ♪

rishaad: you are back with "trending business." heads it is on the banks are discussing challenges as well as opportunities.

what is really topping the agenda at? you know what? lori take a look at the theme, global is setting the tone. it is about taking the islamic banking world forward. this is the 2 billion dollar economy poised to be a $4 trillion economy by 2020 if issues like sustainability and millennials are addressed. millennials can form 50% of the business. the baby boomers do not really understand. islamic banking is not taking millennials into consideration. lots of discussion on how syntax -- that is not really happening in the islamic banking world why? because infrastructure is not in place. regulation is not in place. it is hard to embrace technology

in particular in a sectors like islamic banking. those issues are being addressed at this particular for him. now we talk about potential? there has to be a gentrification of products as well. it is not have to be talking it isis on the banking -- synonymous with -- but it has to go beyond that and one player in particular, the epf which is the pension fund of malaysia is looking at that in a closer way -- take a listen -- >> over the last few years, we have noticed growing interest in having a fully sharing compliance. in the past, we -- there wasn't enough debt in the financial market -- in terms of assets, interest of the types of passes to construct a reasonable portfolio put in the last few years, we have been extremely reactive in terms of building up exposure -- >> thanks, right, coming

up next, just tap to type your coming up to the break, the smartphone turning any surface into a keyboard. this is "trending business." ♪

look at our top stories. storing.ares they are in talks with mitsubishi. they'll discuss matters at board meetings. nissan was taking a one third stake in mitsubishi it of course, a company battered in scandal. mitsubishi say more models could be involved. , the most oning record. forecasting a return to profit

protecting net income of 100 $20 million despite facing millions of dollars in defective products which are linked to death. takata says there is no uncertainty about their future. dilma rousseff is facing what could be her last a in office. the senate is gearing up for a vote that would force her out. surveys show her opponents have enough support to remove her from office. her deputy would take over as acting president. it is the opening here in hong kong and the start of the session in shanghai. the shanghai market is open. they are tracking losses on wall street. the hong kong market opened higher but it is pretty flat at

the moment. taiwan has turned positive. positive ass turned well. malaysia is weaker. we are focusing on the nikkei today. we have started to see the yen rebound and australia coming off of those eyes that it saw yesterday driven down by the a number we have had of commodity players fall even that crudeave seen price higher. just checking out what is driving that shanghai market down by 1.1% on the open. features were suggesting a selloff but not that tune. we will continue to monitor that in the next hours. just want to share some of the stocks that we are watching today. we are talking about takata searching. haveard and bridgestone disappointing -- driving the nikkei down. bridgestone has fallen the most

vittorio to has forecasted 35% net drop after a fourth quarter is also looking of course and mitsubishi -- waiting for mitsubishi -- casio computer, the biggest drop on the broader after forecasting a profit below estimates just looking at some of the australian stocks. has surgedleisure after bumping up his profit forecast. myer coming forward. and westpac -- dividend. a lot of movers coming through in the region. let's have a look at hutchison. the coveted ticket is one hk on the weekend. right. for 02.etoed a bid let's have a look at all of this. this is the second time in two

months li ka-shing has entered setbacks. was a hardliner ruling coming out of the eu, rejected by the eu commissioners and the regulators. the deal was to merge hutchinson three with o2 to create the largest mobile carrier in the u.k. but with the commissioner of competition said, she said that the u.k. is very competitive. prices are among the lowest in the region. if this takeover had gone ahead, this would have changed for the worse. originally, the eu agree to reduce the number of operators to three if these merging companies had actually allowed some space for some of these rifles because the u.k. is very vibrant with virtual operators that don't really have a wireless system.

broadband., u.k. what happened was that c.k. hutchinson did that today offered some capacity but the commissioners and regulators realized that this wasn't enough toalry among the rivals actually bring down prices of this was actually going to hurt competition and bring up prices and hurt the rivals which is-- rishaad: let's move to italy because there is a telik commissions company called wind there. they are also under [inaudible] he wants that one, as well. it doesn't look very well so far but let's see what happens. combineing wants to italian assets with cash the proposal is very similar to the o2 field. roadblockse some

ahead. it is also going to reduce the number of competitors out there but the difference is that the italian government has said that it will not oppose this measure which is very different from what happened in the u.k. we are seeing a shares fall today that we saw a surge one of potential0% mergers. we have erased all of the gains now because of regulatory woes. rishaad: thank you very much, indeed. we are looking at green energy -- cap page 260 million dollars of debt or they are in talks with creditors about financing however -- that chairman says he expects to reach when he caught a successful resolution. the company planning to bring in new investors. they have received help from state-backed institutions such as the china development bank in the bank of communication. a developer in singapore is hit

.ut the scarcity of land in singapore makes prices exorbitant and projects things are unlikely to improve. property prices have been falling for 10 quarters as it remains the second most expensive housing market after hong kong. my cap boosting oversight of the chunky businesses. raise capital requirements, preparing to set up a credit database. no details given. they hope to weed out risking gamblers. we had this mitsubishi nissan possible attire possibly taking place. yada --two yada -- two toyota. who is going to take us through these numbers?

f it isx, fx, and fx -- it is fx, fx, and fx. reporter: in terms of earnings, you have a 6% surge. that has had tell you is forecast. is?aad: is that what it reporter: it is actually the translation. the profits in the revenues generated in the u.s. -- rishaad: [indiscernible] in other parts of the -- what isf you look at happening with the forecast, in the last 4.5 years, they looked around $1.3 trillion. now, it is reversing. in this year, it is estimated that they will have to give back

effectively half of that. rishaad: what are the other problems that the company beat me facing? what are we talking about? yen is a big issue but to your to is also facing a number of issues throughout the year. the forecast includes that -- the earthquake in japan last month. shut down their facilities for you. that has not been factored in. if you look at the world, u.s., japan, china, sales are not that great. we are probably going to see some intention which rise increase throughout the year just to maintain -- rishaad: these are problems across the industry. reporter: it is across the industry. if you look at toyota is the first exporter to report earnings we are going to have me some -- nissan theishaad: i was counting

number of automobile makers in japan and i thought to myself -- i counted seven. that is an interesting question. you talked about mitsubishi -- rishaad: [indiscernible] it looks like the industry in japan is consolidating. the automobile industry is very close. rishaad: [indiscernible] reporter: a few months ago, you had toyota observing. unfortunately this scandal is triggering nissan looking mitsubishi.n -- so maybe we are seeing the industry consolidating and they should be because there is just not enough volume in japan alone sustain so many competitors given that the cost of the

vehicles is so high and it is increasing. rishaad: let's look at elon musk. vision beingristic revealed in the nevada desert. they gathered for the first test hyperloop, where passengers are transported in high-speed capsules. a system could link los angeles with san francisco. to be up and continues full-scale demonstration this year, identifying the most viable in highly supported projects, beginning construction the, deploying the first cargo systems. in 2019 and in the first passenger systems by 2021. we are seeing great interest coming from around the world. happens onlyat

evaluate the opportunities from the global challenge. maybe that project already exists. israeli startup looking to turn any surface into a keyboard using what it calls a smartphone. the wearable is designed to work with tablets and phones, being launched today. you have heard of smartphones but how about smartphones? this is the first product from the start up your the founders says tapping on mobile devices more sense than typing. -- that whenvented placed in your hands you can turn any surface into a keyboard. it is important because when you have a smart watch or an ipad or any other device that you need to activate or interact with on the go you need to sit down and have a keyboard or touchy screen. >> that limits what these devices can do, tapping, he

says, is easy -- >> he tells me that -- minutes up the basics about he uses them and see if i can do any better. a kind of benign knuckle duster -- >> it starts with a, e, i, o can't -- -- >> it was a tetris to toyota show me the way. two fingers are used for consonants. in total there are 31 different taps. this is in the first and he has tried to revolutionizing the industry. weaned the world off charging cables. bus tong blackberry offer to resign -- he says he has earned from the experience. >> lesson number one is go after a large market that is going to be even bigger when we start. it was clear that the market would come that it was not

there. charging was a magic concept. it is going to be greater and greater from wherever -- all the way to see our and he are. --he says it is important to turn into a platform that others can adopt and to ensure they don't rush to retail at with that in mind, they plan to embark on six months of consumer testing in silicon valley and what he describes as the biggest -- it will be in shops by the end of the year. we're going to keep the tech scene going after the break, speaking totechnology company. ♪

reporter: welcome back.

.t is 10:45 in tokyo let's get started in iraq, where bombers have killed at least 93 people. they struck a crowded outdoor market in a shia neighborhood, exploding near a police station. the islamic state say the target militiamen. hospital say most of the victims were civilians. western countries have used a human rights review to criticize tylan's military government for restricting freedoms. the prime minister is accused of using the law against -- while the monarchy -- in response, that justices crewtry said the may 2014

was to maintain public order with most citizens unaffected. parts of northwestern china are suffering one of the worst sandstorms in years per visibility dropped to as low as 50 meters as the sky turned storm willair -- the continue for a couple of days. arehigh wind and sand expected doing temperatures down by as much as 10 degrees. this is bloomberg news. 40% of the worlds population canada for access to the internet. our next guest provides free access through sponsor data, and will be launching in southeast asia. i'm going to read your blurb. and enterprise

platform that is transforming the mobile internet with a module that is consistent with application-centric smartphones. that was gobbldigook. we want to change the monetization model. it is about bits and bytes. does not translate into the value of what you are receiving on a mobile phone, which is about content and applications. our vision was to change the model from this abstraction to connect to content. by doing so, we can introduce new business models to capture greater opportunity. rishaad: thomas how you transform the easiest users to model into what you do get code plan, consumers by a data buckets of data and have no understanding what they are buying. we want to transform that to a content-oriented model with the content itself is paying for

your access to the content. rishaad: does that restrict you only to that content? you can imagine coca-cola wants to sponsor a cricket match . it could be not just the brand sponsored itself, but access. rishaad: so i could watch cricket because i subscribe to coca-cola the coca-cola has also got me. 2 billion subscribers around the world limit their use because data is expensive. this is a value for -- rishaad: give me some real-life examples. expedient.eat one is with it would like to do is reword their best customers of them when they travel to another country those people do not have to worry about data roaming charges. thedia would sponsor

experience or the application for subscribers. rishaad: how does the revenue work for you? guest: it is a multi-side market. rishaad: like a newspaper? guest: exactly. we enable greater customer reach , customer retention, and monetization. we also get paid on that carrier side. rishaad: are you looking -- you ?re launching in southeast asia that is a difference. the mobile telephonic market in a smartphone market here is used for all sorts of purposes, perhaps more events in other parts of the world. guest: absolutely. one of the reasons we are listing on the tsx is that asia has been a leader in mobile activity and investment in we are going to open an office here because a large segment of our customer bases in southeast asia so we can improve our business operation by being here. whysx -- why asx?

asia has shown leadership when it comes to investment in mobile? asx is aize that the great vehicle for participation. it also has credibility to us when we work with operating partners that we are listed company. everything is transparent. what is the china in parity of? what are you looking at there yet could do you have already partnerships lined up with alibaba? is guest: in a closed shop? guest:you are definitely in conversation. i cannot say -- i can't just yet. we're working in southeast asia right now.

the next steps are latin america. rishaad: thank you very much, indeed. coming up, we are going to be live at the electronics show in shanghai. ♪

the electronic show -- the consumer electronic show in a -- in shanghai. what have they got in the works? that -- beyondow

that, it looks like the co is setting up for a futuristic set of hands. , the head ofe handset products spoke about a future where you could potentially upload your data into the cloud and downloaded into a robot, thereby achieving immortality. he spoke about reincarnating dead relatives in to take cloud. you can then have grandchildren communicating with ancestors through the collected data pity spoke about investing into this type of future. smartphones or something similar to smartphones, the

internet between the digital world and the real world. theses why we think about issues a lot, not only for smartphones but communication -- but for -- take that with a grain of salt, because there were a lot of references to the matrix, talking about the potential for this to become a reality in the near future. this is day two. we have a number of great guests coming up in the next hour. based on the english recognition technology, we will speak to a chinese watch's cofounder -- in, obviously, iphones the brand reigning supreme -- rishaad: thank you.

right, let's tell you about what we have coming up. the threat posed by rising debt in asia. ♪

♪ >> from our studios in new york city, this is "charlie rose." charlie: argentina minister of foreign affairs is here. macri became the country's first democratically elected conservative president since 1916. she spent over a decade in new york at the united nations, from 2004-2008, she was deputy executive director of the world food program. later, she was undersecretary general for the department of field support. she is expected to become argentina's candidate for un's