there may be some help for bhp and the long stalled uranium mine. the expansion of its will not be cheap. it will become the largest uranium mine in the world. they say they will do everything possible to make sure that the project goes ahead. >> thank you. we are moving from sydney to singapore. china airlines and tiger airways. what do we know? >> the new budget carrier will tiger errors taiwan. taiwan. allow them to spread their wings to new markets and japan. they say there is a huge potential and areas of synergy to be explored. look at the shares this morning. they are up two percent. the benchmark is in negative territory and investors are liking the news that they are hearing this morning. this shows one thing. asia and anion in increase since 2008. and air asiatiger to set up over the last year to capture a bigger share. the share of low fare airlines may arise and double what is currently the case. and verys more crowded of scootpart airlines. >> that's right. >> right. still to come, gold is losing its luster and the clients are have been

hate -- help bhp.ke it the largest uranium mine, boosting copper output and helping a region that is facing the end of carmaking. space, awethe m&a said it is not in the best interest of shareholders. look at how the shares are trading. we are up a little over 7%. the push to create a goldman sachs of korea is on. they want an investment bank good not to compete globally. how? by encouraging consolidation. it is expected the sale of investment to spark that. it is the biggest takeover and a broker. final bids are due today. they're looking like this in the trading session. ok. let's switch gears and talk about gold. they're losing faith in the precious metal. >> they're looking at the damage. >> i was wondering when people start to rethink taking the precious out of the precious metals. it was only silver and corn. >> is a confluence of factors. they were there to push it up, whether it was inflation or the crisis. you have holdings of central bank. be, itr the reason may is that gold has been easier t

i was before because in five bhp and four men have been approved for use is three months pregnant the husband son and is serving an eighteen year sentence. through this if i had tuned in for revenues. my husband was in prison all this time. the first time in prison his wife got pregnant she basically gave it to all of us. it's a puzzle for these weighty presence of this. in a mission statement insist that security means things and making connections with the visit is ok if he wanted it which makes optics exchange much more difficult they fed us all to think a nice landing of any kind none of the people we interviewed with fifty tells of how this could be smuggled out from under the watchful eye of prison guards. there's almost no physical contact between security prisoners and the families. find great peace have been born this week. eighteen woman pregnant whatever code and bring a baby into this was despite the fact that he's bought these in the zionists risen in the form of resistance twenty oh two waistband. some other stories making headlines across the globe demonstrators hot but

seven percent during nineteen eighty nine and two thousand while in two thousand while alone in the bhp in over fifty thousand veterans issues associated with opie lead use many of which moreover to this. according to the study by the bsa veterans with post traffic stress disorder are more than one is as likely to be prescribed opie leads to the painkiller. at the same time the lights can have a toxic reactions of other common ptsd medications but is it safe to give up the lights to people who have ptsd. i asked for new farm and the leading parties are about the kind about this and they told me the lady can we fix our important part of treating veterans who suffer from chronic pain. there use to be closely monitored at all times especially in combination with other medications but for dale has a history of misleading the in two thousand and seven the company putting guilty to criminal charges and branding product as a less addictive than what it would be wise and misleading doctors patients and regulators about the rest of the product yet to be a contest to prescribe the drug which is p

bhp said that it would not pursue investment in this olympic dam expansion.uranium has been falling steadily. it would become the largest uranium mine in the world. the government is rather eager to see this go ahead. prime minister tony abbott says he wants the government to do everything humanly possible to ensure this iconic project receipts. ert -- project recedes. --f project proceeds. >> thanks, paul. >> up next, looking forward to the afternoon business in tokyo. they are back from lunch after a morning session that saw a drop- off of more than 1%. asian stocks fall again after back-to-back weekly declines. a cut down noncollusion, turn to take sanctions on fixing prices. and one of the most dependable investments in the past decade did not work well this year. we will look at what is next for gold. let's look at how markets are shaping up this morning. 1.2%,na is now at slightly higher since the pmi came out. that, the biggest decline, significant decline in the last half an hour. the stocks that have fallen the most, you have the financials there. 8.

down by 4.3% and bhp billiton lower by 1.7%. thanks for that, sixuan. catch you a bit later. >>> we talked about a tax bill earlier this week which had gone from $340 million to $3.4 billion for nokia. >>> back to the uk, royal bank of scotland has agreed to pay $1 million to settle u.s. probes into illegal transactions with iran, sudan, burma and cuba. rbs shares today, lloyds 20 odd million, as well, for poor selling. meanwhile, the co-op group has appointed paul myners to the board. and helia is with us in the studio to talk about that. i was shocked at how much lord myners is asking to do this job. i know. it's a big paycheck for him, a whole one pound. >> relief. >> i'm not sure how he's going to invest it. >> a savings account. >> it will sit along the 30 odd million that he's already earned famously. he was citi minister, he was very critical of ethics through the banking industry throughout the crisis. and he left the government to say that he was actually leading spiritual development, he was going to study theology, going to find god. so out w

. >> that means people like southern copper, people like bhp. i would stay with the more diversified players. you need to go for good balance sheets but people are short this sector. if you look at what's going on with the g3 growth, all the numbers coming out, fourth quarter coming in. i think the first quarter, but again people are very short. it's about positioning people are short the sector. i think all this good news means that finally, really for financials. >> jim, how do you see the markets play out? >> not focusing necessarily on the sector. you have got to realize that december had a lot of professional money managers. they were doing anything to catch up. that's got the market higher than it ought to be. i think there is room for a five to seven percent correction there. i don't think the oil renaissance is over. not yet. i have a lot of data to back that up. i will just say that that's not over and the economy is getting over. so long term, you should be about ten% higher after the correction. >> the market has gotten everything thr

i think we were potentially too early on some of the miners, and bhp was definitely one we're not necessarilyf. we still own it, still think there's opportunity. liz: liz riding it all the way down. mike, thank you. tell the gang we said high back at global financial private capital. >> will do so, thank you. liz: closing bell ringing in 40 minutes. not just citigroup, charlie gasparino now has exclusive new details on how bleak the bonus season will be for everyone on wall street. he's naming names. >>> also a fox business exclusive with the head of the guy at the heart of the biggest deal over the past be couple of months. the ceo of aircraft leasing company aircap. it's just become a global powerhouse in the blink of an eye after buying aig's leasing arm. that stock up more than 142% over the past year jumping still today. ceo angus kelly telling us why you, theeinvestor, should be paying attention. by the way, speaking of pes, this one's only at 12, so if you were listening to mike, looks cheap right now. we'll be right back. ♪ ♪ liz: charlie breaks it. do we have the graphic? yesterday w

bhp is a class injuries our top ten holdings as a big dividend payer.ow this global pmi. >> that's so true. jack, in that case as well do you like investing in the companies here who might have exposure to these areas or what about the metals themselves. some of these industries have been so volatile, investors i think are learning their lesson. >> i would leaveninvesting and commodities up to those who know what they are doing. stores a sector that's going to do pretty well over the next year. industrials, almost anything cyclical. our risk right now in this economy is risk to the upside not the down side. the stimulus is actually working better than i think people expected. and i think that would push people a little bit more towards what i call the cyclical side of the economy. i don't know that that's going to happen immediately but as we get through the year i think as this economy continues to perform well i think we'll see commodities do reasonably well. >> okay. speak of alternatives would you consider real estate one of those reasonable alterna

i also like the diversified miners, bhp, rio tinto. >> i see you nodding. >> emerging markets, i stille's a section that you have to worry about 37 those countries with current account -- like india, indonesia -- >> the fragile thrive. >> exactly. they are ones -- you got arguments on both sides of that trade. oh, it's never going to be that bad. they have more cash reserves than in the past, et cetera, et cetera. still, have you to stop thinking of emerging markets as a whole group -- >> can't blindly jump in. >> pmis have come in so positive, suggest 5%, which lead to a gdp globally of 3%, 3.5%. emerging markets is poised to grow. they typically fall way behind where u.s. stocks are. they're going to be playing catch-up. i think that started back in june. >> evan, you hear all this upbeat talk. doesn't make you a little nervous? >> no. >> come on. >> i'm the ultimate contrarian. it's too exuberant right now. i think the most interesting thing about all these reports which have generally come in very positive is just how low our expectations have become, how mediocre the recovery is,