daniel gallas, bbc news, brazil. alibaba has gallas, bbc news, brazil. ba has once gallas, bbc news, brazil. alibaba has once again beat a nalysts' alibaba has once again beat analysts‘ expectations, revenue rising more than 60% in its latest earnings report but its delivery business continues to weigh in on profits. most folks associate alibaba with e—commerce, and its recent acquisition, but did you know it is involved in other areas as well? for example, its cloud service is rapidly growing but still lags behind the competition from amazon and microsoft in market share. it‘s all so into digital media through its real—time online bidding marketing exchange, and it is even in entertainment, producing and distributing movies through various content platforms. earlier i asked a nalyst content platforms. earlier i asked analyst ray wong from conservation research in silicon valley how much longer they can suffer losses. research in silicon valley how much longer they can suffer lossesm could be a bit longer because they are still trying to expand into afri

daniel gallas there. now let's brief you on some other business stories.a make—or—break vote on its future later. it has proposed closing 42 stores and cutting rents on others as part of a rescue plan. but some landlords plan to vote against the deal. hilco capital, which bought the chain for £1 this summer to try and turn it around, says if the deal is rejected it is "very likely" homebase will go into administration. india is likely to confirm its position as the fastest growing major economy with figures out later. economists think its gdp grew at an annual rate of 7.6% in the three months tojune — after growing at 7.7% in the first quarter. india overtook france to become the world's sixth largest economy last year, and is now closing in on the uk. president trump into step of a trade war with beijing. has an those tiny stocks low and partially erased gains made in this week's global rally. many currencies have been hit after argentina's peso sanglah per se, yet again. that is it. we are back soon. goodbye. the number of elderly people needing round—th

daniel gallas, bbc news, brazil.th that story, because officials from the us and china havejust wrapped up two days of talks in washington, dc. rico hizon has been following developments from our asia business hub in singapore. rico, not much progress was expected, so did the talks live up to expectations? now, the expectations for this meeting were pretty low. did they live up to those? they did live up to expectations, sally. disappointing outcome, no resolution, no breakthrough. so the trade dispute continues with no end in sight. a china's congress ministry summer rae —— but china's congress ministry said they held constructive and frank trade talks and the two sides will keep in contact regarding future plans. even before the meeting started, sally, president trump was already pessimistic, saying he did not expect much to come from these discussions, and even called china currency manipulator. as the meetings took place over the past two days, both sides implanted additional 25% tariffs on $16 billion worth of i

daniel gallas, bbc news, brazil. richard is back.ird yearin the uk worst airport for the third year ina the uk worst airport for the third year in a row, london luton airport, let's bring that up. you can find it on the website. what do you think about this? where is good, where is not, you must be well travelled. about this? where is good, where is not, you must be well travelledlj have not, you must be well travelled.” have been around a bit, airports are pretty much the same, particularly any kind of newer ones. plastic and clean and stark. from a personal point of view, as sally will know, if you have had a seven or eight hour flight to the states and then another one or two hours at border control, that can be pretty bad. another one or two hours at border control, that can be pretty badm that what gets to you? yes, you just wa nt that what gets to you? yes, you just want to be out. but that is not the fault of the airport. it is not, but it comes at a point when you want to get out. customs, hm customs and people there. in term

but that confidence is evaporating, as our south america business correspondent danie gallas explainss the highest interest rates in the world, a government committed to reforms in the market and a multi—billion—dollar deal with the imf so why our investors taking money out of the country? they believe they are issuing too much debt and that could trigger a debt default in the future. the government has promised to tackle the problem through spending cuts but commerce and workers are resisting change, saying society is ready overstretched with the cuts. on wednesday, it was a clear show of how markets distrust argentina. president macri was on tv asking for an early release on imf funds, the peso was having its worst year. right now not many people are convinced that it can handle the problems. let's go to asia now, and news of a major deal in australia's telecoms industry. vodafone's australian business has agreed a merger with rival tpg telecom to create an $11 billion operation. rico hizon is following the story. sally! nice to see you. feel us in. it is the cutthroat competition i

the bbc‘s south america business correspondent daniel gallas caught up with the co—founder david velezhe decided to change from investing in companies to creating one of his own. a lot of the time, for a very long time, i was working here in brazil, and every time i looked at a company to invest, at the back of my mind i was thinking, is that an interesting business? why is that entrepreneur having more fun than i am as an investor? after looking at a lot of different industries, i became very interested with banking. brazilian banking is very specific, brazil is one of the most concentrated banking markets in the world, and as a result you have some of the highest interest rates in the world and some of the most unsatisfied customers in the world. and so that combination of a very large market, very high margins, with millions of consumers that were unhappy with their banking relationships made me realise that it could be an interesting opportunity in 2012. what is it like being a banking consumer in brazil? i tried to go and open a bank account one afternoon, and the process involved

confidence in economic reform is has been evaporating — as our south america business correspondent daniel gallasorld's highest interest rates. it has a government that is committed to market reforms, and it has a billion—dollar deal with the imf. so why are investors taking their money out of the country? for one thing, they believe that argentina is issuing too much debt, issuing too many bonds, and that could trigger a debt default in the future. the government has promised to tackle the problem through spending cuts, but congress and workers are resisting changes as they say that society is already overstretched with the cuts. on wednesday, there was a clear sign of how markets distrust mr mauricio macri's ability to handle the crisis. just as he was on television asking for an early release of imf funds the argentinian peso had its worst day of the year. the imf director general issued a statement saying that she still believes in the government's ability to handle the problem, but right now not many people are convinced. daniel, in south america. joining us us ben kumarfrom 7 investment man