icbc reports tomorrow. we are up 4/10 of one percent for agbank. icbc unchanged for now. this is where when people see valuations are depressed you shares just about book value if not under. >> one of the largest eels in the pharma industry may be back on the agenda. people familiar with the matter says pfizer lance to renew talks to buy astrazeneca. these people say pfizer made -- plans to renew talks to buy astrazeneca. astrazeneca has a market value of 86 lien dollars. president obama is on his way to manila in the final leg of his asian tour. andft kuala lumpur, there may be protests in store. part of his agenda is closer military ties and a deal to placed.s. troops to be temporarily in the philippines to counter china's rising influence. toyota is reorganizing its infrastructure. there is no telling how many jobs will be lost. they're relocating to dallas. they currently employ more than 5000 people. they are going to be informed of the plan later today. workers have been given a range of options, including what is being described as a voluntary exit program. a chine

and icbc which is the largest bank in china will report tomorrow.rted and it holds 13% of loan for the whole country. so as the economy slows further as indicated by economic indicators, you may want to watch out. >> let's take a look at this chart here because it reflects what we've been seeing which is a slight rebound in the sector or a while in fact then we saw it retreating once again. what are the factors here that it's still haunting the sector? >> well, you have expected all those factors. all those are long-term factors such as the rising default from the markets, the shadow debt, , local government interest privatization long term. so i think the fact that all those long-term factors which overshadow the short-term gains we have seen. >> debt, interest all right. bloomberg industry's banking analyst joining us today. all right. let's head to vietnam now. because stocks there are on a run reaching multi-year highs in march. but why is the ipo market in such a slump? let's get the story now thank you very much.. and it's not for lack of inve

but icbc among those chinese financials out with results through the course of the next few days. china life out late friday in the falling mainland falling. up 14% in the last quarter less than ccb and the same as bank of china joining us now. thanks for joining us. >> i think so far the results are earnings profit growth has been slightly beating expectations. except for the expectations were so low. >> not too bad actually. i think it's because the so far income growth has been still quite healthy and the margin compression has been relatively slower than expected. >> one thing which people have been worried about is the state of credit or shall i say the credit quality of these banks and one thing we certainly noticed nonperforming loans are rising. should we be worried? >> well, i think the market has priced in to rise for long time. and we did see on average come out by about 7% in the first quarter for the four banks reporting so far. so they will rise even more going forward. >> when we look at these banks and we have a look at how much the dividends are extraordinary. i m

in china we are taking your results for icbc.porting with the second largest mobile phone being exposed to subscribers. >>> we'll look at art sales online and how they could change the face of the party. >>> new research explores online art buying trends, what people are buying, how much they are spending and the barriers to purchase. it reveals growing confidence in buying art site on scene for the future generation of art buyers likely to make their first purchase online. joining us now to discuss is robert reid, head of fine art. he is also an artwork that sold some artwork. first up, tell us why people are willing to purchase something on the internet when there's a lot of passion involved around art. so you would think one would like to see it in person. >> i can see that, but it is incredibly convenient to buy online. it does allow you to see art all over the world, so you can look at something coming up in auction in yorkshire and it is very convenient and very easy. and people like that. plus, you have been buying online