cathay pacific has reported a jump in full-year net income of over 90%.hat beat analyst estimates. savings on fuel were partially offset by hedging losses. chu. speak to ivan give me first a sense of your hedging position from now on. happy with the result. we do hedge our field, but we never hedge 100%. hedgingcost to us after has gone down by $7 billion hong kong, -18%. with ainess benefited lower fuel situation. the lower fuel situation, the strong passenger market, and strong contribution by group companies helped contribute to the better result. francine: given the outlook on the oil price now, is this good risk management? can you not hedge less than you usually do? ivan: we like it when the fuel price is low. the fuel price is about one third of our cost. while we only hedge a proportion of our fuel consumption, fuel hedging is a risk management strategy for us. if you look back, we have seen fuel price going through two cycles. to high being from $100 $120. in the last three years, fuel prices have been between $100 and $120. we had a lot of fuel

cathay pacific posted for your expectingednesday, the airlines net income to rise to 712 million dollarst increase from 405 million a year ago. a lot of that will be down to the price of crude oil falling as much as it has. the bank of korea announcing an interest rate decision on thursday. economists seeing the bank cutting the rates by 25 basis points, interest rates at 1.25% after that meeting on thursday. also when we expect myanmar to announce three potential presidential candidates, also seeing if aung san suu kyi is among them. on friday, central bank of china governor gives a news conference on the sidelines of that nbc meeting -- meeting. his comments last year triggered 53% in theet, subsequent three months. that --takeaways from something notably missing from china's five-year plan. find out what it is. ♪ find fantasy shows. when it comes to the things you love, you want more. love romance? get lost in every embrace. into sports? follow every pitch, every play and every win. change the way you experience tv with x1 from xfinity. rishaad: it is monday, the seventh of march. i a

cathay pacific and singapore airlines reported hundreds of millions of dollars from hedging losses lastr. at the same time, a weaker currency has seen airlines trying to cut dollar-denominated debt. rishaad: the world's biggest dairy exporter doubles its first-half earnings. next, discussing the yuan policy. this is "trending business". ♪ rishaad: many of the world's top leaders in business and finance are in china for an annual forum. an overriding concern will be how to mitigate the fallout from china slowdown. take it away. >> good morning. we are on the sunny tropical island in southern china at the forum for asia, our 13th visit in a row for this forum, which comes on the heels of the national people's congress in beijing, where we got direct us on policy and the state of reform. to further that discussion, we are bringing in a senior fellow at the peterson institute in washington dc. thank you for your time. you have a recent book. much has been made of the reform agenda of state owned enterprises in china and the so-called bested interest perhaps blocking the pace of reform given

the airlines were performing well yesterday, cathay pacific, spring airlines, the mainland airlines doing that's what were looking for from today in asia. alix: "what'd you miss?" what will bank do if their exempt -- there is a brexit? there can be short-term in thetions for activity united kingdom, and therefore pressures on prices. potentially countervailing forces, lower levels of activity because of the uncertainty that affects investment and household spending. our nextording to guest, the boe would need to take immediate action. thank you for joining us. explain your call. clearly the bank of england is looking, i think, at the only remotely comparable experience back in 1992 when the forced byund was speculators out of the exchange rate mechanism. announcement,ing comparable to what a brexit would mean. 15%ell the pound drop against the dollar and the deutsche mark following the announcement, yet the bank of england felt no need to hike rates, in fact it cut them all , and theo a yearly low pound ended up stabilizing, so using that as a guide and taking into account the fact that t

cathay pacific post full-year earnings on wednesday, and an analyst survey expects the income to rise. it is a significant increase from $405 million a year earlier. itsbank of korea announces interest rate decision on thursday, most economists cutting rates 25 basis points to 1.25%. announcesmyanmar three potential presidential candidates. it will be interesting to see if aung san suu kyi is among them. on friday, pboc governor is due to give a news conference on the sidelines of the meeting. his comments last year helped to trigger a raging bull market, sending the shanghai composite soaring 53% in three months. how much should we invest in the statements from china over the weekend? let's ask that chief market strategist live from sydney. great to see you. there really wasn't anything new that we saw out of china's work report, but it remains generally stable, one further bond and stock market reforms, but aussie dollar the under pressure this morning. >> the overall performance so far in the markets we do have open is positive to risk, so it looks like there is some willingness to

cathay pacific reported revenue was down 9%.roddy maserati, the automaker saying the driver's side floor mat may become dislodged and stuck in the accelerator, making the car's speed up or this is the second recall in the past six months for maserati. right, well, we have to take a break. coming up, how china has made a $500 million bet on the yuan, practically worthless. the markets getting underway for the first session of the week, hong kong and shanghai getting underway. will tell you what's happening , premarket, hang seng up a 10th of 1%. the opening numbers are next. ♪ ♪ mbeap ,y yowana r be mmeap ,y yowantu .. me. ap she sl ofeer you pichgynolousy yowantu i ambp toerreon ♪ rishaad: a look at our top stories. asia-pacific led bythe regionale the low, helped by a rebound in oil and commodities. week fromisions this the boj and fed, most economists don't see movement from either. assets,ying property for sharesn, paying and a cash deal, restructuring state owned enterprises. it has been seeking to unlock value from its land