asia. is going to affect the debt and _ asia. is going to affect the debt and asia _ asia.a. is going to affect the debt and asia has a very . asia. is going to affect the l debt and asia has a very us dominated debt including chinds— dominated debt including china's well and if the us interest— china's well and if the us interest rate stays higher for longer, _ interest rate stays higher for longer, that means the artist dollar— longer, that means the artist dollar will stay higher for longer— dollar will stay higher for longer and i'll put pressure on the economic activity within the economic activity within the region and this is what we worry— the region and this is what we worry about, the high us interest— worry about, the high us interest rates and if it stays high, — interest rates and if it stays high, the _ interest rates and if it stays high, the us and other stay strong _ high, the us and other stay strong and w putting pressure on it— strong and w putting pressure on it trut— strong and w putting pressure on it but china's very different beast of the moment bec

could look to asia for new opportunities. hello and welcome to asia business report. our top story today. the leaders of the world's two biggest economies, us presidentjoe biden and china's president xijinping have spoken on the phone, marking the first time the two have talked in months. that's as the us treasury secretary janet yellen embarks on her second trip to china in less than a year. erin delmore has the details. the phone call marked the first one—on—one communication between us presidentjoe biden and china's president xi jinping since november, and they had a lot of ground to cover. the risks associated with rapidly developing ai technology and military communications, and the trafficking of illicit drugs like fentanyl. a white house summary of the call included a few others, like china's "unfair trade policies" and preventing access to advanced us technology. and on the chinese side, president xi reportedly called us support for any taiwanese independence effort "a red "line" and accused the us of trying to suppress china's development of advanced technolo

asia is a market _ traction in the region? asia is a market where _ traction in the region?- traction in the region? asia is a market where there are - traction in the region? asia is| a market where there are very interesting demographic features. 70% of our 280 million strong population now is middle—class and that is a market that many clients will see as being a good bet going forward and in terms of this industries, indonesia— thailand for example, backing investment i would say. the interest from chinese investors, for manufacturing and refining of nickel, for example.- nickel, for example. what is our nickel, for example. what is your outlook _ nickel, for example. what is your outlook for _ nickel, for example. what is your outlook for the - nickel, for example. what is your outlook for the rest - nickel, for example. what is your outlook for the rest of. your outlook for the rest of the year?— your outlook for the rest of the ear? , ., the year? clients are getting used to the _ the year? clients are getting used to the broader- the year? clients are getting used to

and back to british affairs in central asia.ntire tour of the region, the most productive was the visit to kazakhstan. london and astana signed a strategic agreement. it is reported that this is a new chapter, the foundation for future relations between countries, but it must be said that british interests in kazakhstan have always been, why is the main air carrier of the country air astana 49% owned by byesystems, the largest defense company in the uk, now there is special attention to resources, namely rare earth metals, there are many of them throughout central asia, but it is in kazakhstan that there are the most deposits, perhaps this particular resource will become the main one in the 20th century, but here’s the thing, beijing is already looking at this with jealousy, the fact is that china is the main player in the rare earth market and not so has long included all technologies related to this critical element in the list of restricted prohibited exports, and it’s not just about protecting business interests, it’s just t

that is it from daybreak asia.e continues as we look ahead to the start of trade in hong kong, shanghai and the china show is next. this is bloomberg. ♪ to me, harlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not easy. chase ink has supported us from studio one to studio three. when you start small, you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. make more of what's yours. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh i don't want you to move. i'm gonna miss you so much. you realize we'll have inter

nezi, iranian coaches can now really coach anywhere in asia because we are the best team in asia and our children should work there, but we had the misfortune of only having two coaches. iranians are in these tournaments, vahid and mr. mortezaei, we could have had four representatives , but god willing, for the next years, fifa published a report yesterday, which named iran and japan as the main contenders to advance to the world cup. it also has a global comprehensive selection aspect. the first to fourth teams are selected for the world cup . yes, well, look at this tournament. every four years, this tournament is the world cup qualifying tournament, and the most difficult asian tournament is this tournament. japan, iran, thailand, and uzbekistan are, in my opinion, teams that are contenders. it's old and every year they always claim that teams like indonesia and afghanistan are there to improve and even to reach the semi -finals, but i think that these four teams will still make it, and let's not forget that uzbekistan has next year. the games are going to be held in uzbekistan, a

cameron made a large tour of central asia.of the british in this region and not only this are discussed in the review by robert frantsev. welcome to asia, here the heart of the continent beats, and we keep our finger on the pulse. this week was truly indicative of how much attention to central asia has grown and how different this attention can be. the head of british diplomacy, lord david cameron, is on a grand tour of central asia to demonstrate that a new chapter in the great game has opened. british politician himself. on the eve of the visit, he called the region the most important in the world, it seems that this formulation is not for the sake of diplomatic rhetoric. in london they are talking about a change in strategy towards central asia. this is the first ever trip by the head of british diplomacy to kyrgyzstan, tajikistan and turkmenistan, and to uzbekistan - the first of the ninety-seventh year. london maintained more intensive contacts with kazakhstan. in the struggle for the favor of the central asian states, lo

asia, well, far abroad.olume of russian investments in uzbekistan is about 20 billion dollars, behind these statistics there are thousands of business contracts, tens, if not hundreds, of thousands of jobs, in total , about 24,000 companies with russian... capital operate in the countries of the central asian region today. the foreign industry clearly demonstrates that russia remains one of the world's technological leaders, while it does not close itself off from friends, on the contrary, it invites us together to develop this potential. the world's most powerful hydrogen car was presented in tashkent. this is the fourth car to be powered by hydrogen. we are on the path of development. first of all, it is quite powerful, 1.20 horsepower. in that the car has three motors, one motor is located on... the front axle, two motors are on the rear axle near the wheels, sort of in the shape of a triangle, and under the engine, it allows you to more efficiently control the car when cornering, the distance that the ca

we learned exclusively that the current focus on asia includes the revival in japan. >> asia for us isave been building for two decades since 2005 in an area where we as a firm have a really dominant position. we have grown from 18 billion of a um into 65 billion a you and, to give you a sense of the type of growth. it's the fastest part of the world today. 65% of global gdp growth is coming out of asia. it's a natural place for us to be focused as private equity, as infrastructure investors, real estate investors, in japan in particular, it's exciting. around 40% of our business in asia is japan. it's coming out of this long economic morass, and the implications for japan are profound, in terms of where savings are going, in terms of governance reform, the opportunity for us to combine great core businesses with agglomerates. >> if you look at the life insurance and annuity market, in the u.s., it's a $4 trillion market. in japan, it's $3 trillion. it's a massive market across a lot of what we do, so we see opportunities to expand. >> and a lot of people are focused on japan right now

stocks or asia, today is mixed. optimism as big tech earnings come through, they will deliver on big profits. we have comments from j.p. morgan saying the slide and equities is part of a deeper correction. it is not over if you look at how yields are rising and strength of the dollar. yen weakness has been kept in check by comments from the finance minister. we are seeing among japanese stocks that have been recovering, extending gains, not for racing losses. singapore outperforming, you get the sense that those indices are benefiting amid the rout in the sector. chinese tech is doing well. divergence between the csi and the hang seng as one bank upgrades its call for chinese stocks. haslinda: it is from a low base. ubs analysts have upgraded china and hong kong to overweight. cutting taiwan and korea stocks to neutral, let's dig deeper with our equities reporter. take us through the reasoning behind the move? guest: the key reason behind upgrading is resilient earnings. msci china is trading at nine times. you look

here in asia, we are seeing the asia pac index up by .4%.h lifted by the hang seng in particular. strong china data boosting sentiment in the likes of xaomi jumping as much as 15% on the back of early positive sentiment for its ev suv. we had treasury yields higher across the board. 10-year yield jumping, near that 2024 highs, and that is on the back of stronger than anticipated eco-data supporting the fed's view. bond traders now pretty much pricing in a less than 50% chance of a hike in june likely to be in september. they say hire for longer, a phrase we have heard for so long. this is how it is looking in terms of the broader market. the hang seng index up by 2.4%. in terms of the fx space, we continue to keep track of the yen, inching ever so close to that 152 level. that is it from bloomberg markets: asia. "daybreak middle east and africa" is next. keep it here with us. ♪ ♪

the beauty of asia in the italian cradle of geniuses.ce of palazzo pitti is holding an exhibition of light and color, where you can see paintings by artists of uzbekistan and russian orientalists of the first half of the 20th century. a large-scale exhibition was presented by presidential assistant shavkata mirziyoyeva, his eldest daughter. said. kazakhstan became the first country in the post-soviet space where domestic violence has been made a criminal offence. after the decriminalization of this article in 2017, this issue caused constant heated discussions in society. according to official data alone, kazakh law enforcement officers last year recorded more than 100,000 complaints regarding domestic violence. 69 women died. and seven children. one of the key triggers that pushed the authorities to take decisive action in this area was the high-profile trial of the former minister of national economy of kazakhstan kuandyk bishimbayev. he is accused of that in november last year, during a family quarrel, he beat his common-law wife salt

his first sto southeast asia this week. his first step is — southeast asia this week. about to meet the president and is scheduled to attend an artificial intelligence event in the coming hours. he is expected to share insights on al with local developers and indonesian businesses well. thank you for your company, see you again tomorrow. hello. this is zof with the catch up. tonight, why could the price of biscuits could be going up. the london marathon praise continues and a cinema for dogs. we start with humza yousaf as he has resigned as scotland's first minister after 13 months. his party, the snp, teamed up with the scottish greens in government but he ended the deal last week. it was after they disagreed about decisions on things like climate pledges and puberty blockers for people under 18. politicians from other parties then called for a vote on whether humza yousaf should stay on as first minister. he will be stepping away rather than waiting for it to play out, so the snp will now have to choose a new leader and politicians from all parties then have to vote

welcome to bloomberg markets: asia. here are the top stories. >> solid growth in continued strengthening in the labor market. also a lack of further progress on returning to our 2% inflation goal. haslinda: hawkish comments by fed chair powell, hitting equities. he signaled that the weight for a rate cut could get longer. new zealand's inflation slows but price pressures persist. we hear from the prime minister who is touting physical restraint terrain and prices. -- to rein in prices. >> get inflation below 3% again. we have a single-minded focus on doing that. haslinda: we meet the man helping indian billionaire -- build a media empire that could dominate the $28 billion industry in india. after five days of losses, asia looking pretty flat. still set to a race all gains for the year. traders recalibrating expectations after powell set higher for longer, given three sets of hotter than expected eco-data. msci asia index trying to be in the positive but not really. the dollar index, 1264. yields surging in asia. new hi

in asia , well, we are in another ship, now that we are between first and second in the world, asia is not a very difficult task for us but mr. mohsen kaveh, the head coach of our country's freestyle wrestling team, has taken a combination of experienced and young people with experience who knows how to get a quota and should wrestle in the paris olympics in the next few months , such as amir hossein zare and your service in 65 rahman amozad. in order to win the quota, in that situation, they will only go there to be punished, as they say, yes , these competitions will start tomorrow at 8:30 am, and the draws will be held today. now it was discussed about asia, and we have the national team from tomorrow these days futsal is preparing itself for the competitions of asian nations, so iranian futsal is like wrestling in the world, the word is actually a part. now he is ranked 6th in the world, but anyway , he is considered one of the world's powers, and in fact, he is no longer competitive in asia, but he should not be ignored. in fact, last year , we lost to the japanese in the final, a

of the whole thing says the nation is needing grace in south asia. the region is expected to remain the fastest growing emerging market for the next 2 years bots, the backbone south asian countries are failing to create enough jobs for the young population. many nations are struggling with poverty and a rising cost of living. well fernandez reports from columbia, it's better than expected. this woman's from india has boosted south asia. is group full cause to 6 percent this year. the see go was released during the world bank, south asia development updates launched in colombo last week. but once you take out in, yeah, it's more like 3 and a quarter percent say in 3 quarters percent and 2024 and phone a quarter percent of 2025 expansion supported by rapid increases in investment and government consumption has driven the indian economy to grow by more than 8 percent in the 4th quarter of 2023. but the world bank says its neighbors are struggling to non co retreat. bankruptcy in 2022 is slowly stabilizing allstate, secure to $3000000000.00 am. if they l

plenty more to come on daybreak asia.s is bloomberg. ♪ paul: elon musk has decided to postpone his trip to india. tesla spent the weekend cutting prices for cars and head of earnings expected to confirm the first revenue decline in watcher years and he has state their future on the robotaxi and for more on this big take let's bring in our guest. what is going on? >> what is going on at tesla is a great question. it's been a crazy week even by elon musk standards. tesla will cut 10% of their global workforce, 40,000 jobs. they came out in a late night memo last sunday. then this week there was the recall of the cyber truck, all the ones they sold so far had to be recalled to ask a fault. tesla is trying to put the pay package for elon back to shareholders for a vote for approval and then the news about the price cuts commit discounts to self-driving package in america and then the last-minute decision to cancel the trip to india scheduled for this week all is ahead of what is shaping up to be a crucial earnings call tuesda

, on the eve of the invasion of tsarist russia, the end of the russian occupation of central asia asiae state of the indigenous peoples in central asia in colonies... ignorance, misunderstanding, what is this? what is this? now listen to the history textbook from kazakhstan, it’s also very interesting. we are talking about a textbook on the history of kazakhstan for the seventh or eighth grade, which states that the russian empire, taking advantage of the kazakh-dzungarian confrontation, began an open seizure of land in the northern part of the kazakh state. and by the way, i didn’t find this textbook in bookstores or libraries, it’s only available in the hands of our children. everything is very good there smoothly, very neatly, it comes down to the fact that russia deceived and used the kazakhs for its own purposes, and this subsequently negatively affected the history of kazakhstan and for some reason many parents. everyone is silent about this, i just found a history textbook for the seventh-eighth grade, this is a very rare textbook, here is the mikteb publishing house from 1978,

we see weakening pressure across asia and fx. that is essentially driven by a stronger dollar momentum right now. in terms of intervention, i think the japanese authorities might focus much more on the pace of depreciation to make sure it is not disorderly compared to asian peers. i think there are no specific levels we are looking at but rather the pace of depreciation matches more to them. haslinda: fair to say if the yen depreciates steadily toward 160, the boj and ministry of finance would become for bowl with that? mark: -- >> it depends where the u.s. yield lands, it's accommodation of the boj allah see mix and what the fed does. haslinda: in terms of tucci -- qt, what do you see the boj doing? >> that will be the focus for the boj meeting this month. we will hear more on their plans to scale back qe, but we think the boj are likely to continue to adopt a gradualist approach which means once they are firming up, seeing more inflation gathering in the economy they will conduct cutie in a gradual manner as well. haslinda: are

of one of the leading renewable energy companies in southeast asia. let's get you to markets asia. expanding gains at highs even though the u.s. closed in negative territory, the longest losing streak this year. of course it is about the strong dollar which is taking a breather now. it is down 1/10 of 1%. recalibrating yet again fed rate expectations. getting a lift on the back of that weaker dollar. yen at the lowest level in more than 30 years. the chinese yuan, 724.24 is the level we're looking at now. paul, let's start with you. it is fx. it is about the strong dollar and we saw how the finance ministers in japan and south korea met with janet yellen. how significant was that meeting? >> asia was meeting with the u.s. and expressing clearly the dissatisfaction with the current exchange rate and the pressure on their surgeon currencies. he said we have serious concerns. i want to emphasize the serious concerns. i think the takeaway they got is if the pressure continues to build, then there is a green light for them to intervene in the market. south korea and japan probably will

haslinda: you say they will intervene outside of asia.e --, what does that say about the timing? mark: one of the reasons why people are thinking that they would probably use the time zones in new york -- in europe or new york, they've done it before. it's been effective but it tends to be where the biggest short positions tend to be. the most active hedge funds tend to be in europe or the united states. they've built up large positions currently. they are holding big shorts against the end. we will see more momentum outside of asia as well. typically around the time of the u.s. data releases. our colleagues in tokyo built this model. one man is responsible for deciding when the japanese authorities go ahead. mr. yen these days in terms of minister of finance. he gave a little more clarity earlier this year when he talked about a 10 year movement. that one seems to be the move between early december to february when dollar-yen effectively went from 140 to 150 in a relatively short time. after that happened, he became very active and speak

for a while , i was present in jah mellat, jan club of asia.y don't have a professional league like the countries that own the style of asia. they should work at their basic levels, but mr. nazem and al-sharia and my staff are all iranians, and they worked very well. it was very strange if they wanted to do this work, they could have done it much earlier . they left a week and did not have a reasonable expectation of their coldness. it seems that it was reasonable because teams like thailand, japan, iran, even vietnam, uzbekistan are the teams that have priority. than. kuwait to participate in the world cup, but the reason is that it was really strange for me to make such a decision one week before the start of the asian nations championship. how do you see bahrain? bahrain cannot be a tough opponent for us, although i told you that no team should be left behind but we can name it as a preparation opponent so that we can beat cornera otaman in the offensive phase and in the free kicks. it will be a very good practice for us, but afghanistan and

what else do you remember last week in asia?ficers detained a citizen of uzbekistan who had been on the international wanted list for more than 10 years, as reported. happen at the request of tashkent, but for now the person involved was placed in the season. a regular shipping line could be created between the turkmen port of turkmenbashi and astrakhan in human trafficking and is preparing to extradite. preliminary agreements on this were reached at a meeting between the governor of the astrakhan region igor babushkin and the consul of the central asia republics. in addition, the parties agreed to increase the volume of mutual trade. the beauty of asia in the italian cradle of geniuses. florence's palazzo pitti hosts the exhibition "light and". light, where you can see paintings by artists of uzbekistan and russian orientalists of the first half of the 20th century. a large-scale exhibition was presented by presidential assistant shavkat mirziyoyeva and his eldest daughter saida. kazakhstan became the first country in the post-

central asia and meran.nisms of interaction. are now established between russia and the countries of central asia to combat terrorism and extremism? well, traditionally , the main foundation of security in central asia is built around cooperation between regional powers and the russian federation. this was initially within the framework of the cis, it was initially within the framework of the collective security treaty, which was later transformed into an organization, a special organization of the collective security treaty. danger, well, throughout independence of the central asian states, as practice shows, it was close interaction with the russian federation that made it possible to stop in advance certain security challenges that occurred, well, afghanistan is a good example, with any development of the situation in this country we observed close coordinated actions both within the csto and with the connection those countries that... suspended their membership . a good example is the january events in 2

there was a clear interest to boost exposure to asia, boost revenues from asia, and it is clear the regionues they have globally, while in the americas revenue growth is much faster and indicates there was a lot more interest in such places. you have a lot of other luxury companies struggling to increase their share within asia, mostly within china. when you see the company trading at a much lower value than they were expecting, at a much cheaper price than they wanted to there is the space to go out there and put this buyout offer in place. haidi: how close are we to this being a done deal? >> that is a very good point. the reporting from our colleagues within the deal's team is making it clear we could have details out this morning. geiger, the chairman of the company, is working with the blackstone and goldman sachs to come up with an offer that would give a value of $7 billion u.s. and is working closely with goldman sachs and blackstone. together those two big names would add $1.6 billion to the offer. they were to be coming with details of such a deal and are probably offering betwee

what do you think is the reason for progress in asia?ill answer you right now because of the issues finance, economic issues, software issues , hardware issues, a head coach wants facilities with his staff , only we should not rely on the game of preparations. from today, our futsal committee and the football federation should roll up their sleeves. we proved many things technically. during this time , i was also a player of the national futsal team. we became fourth in the world. our preparations are low compared to other teams, we are lacking human resources , we are lacking physical strength, we have to put all the players under the microscope from today. let's have them daily, maintain them , their nutrition plan, my psychological plan , and protect their economic plan, considering that from today until four and a half months from now, i think that fifa games will be the day of fifa for a national team that wants to go to the community. the world is not enough . as the coach of tolig, i must cooperate with the head coach . whenever a

the end of the russian occupation of central asia, the state. indigenous peoples in central asia duringcolonial struggle in turkestan and so on. here is a child, a young man, a teenager, teaching this history course. reads: occupation, invasions, colonial policy, liberation struggle. i want to understand. what do the people who compiled these textbooks think? probably it was the ministry of education or, well, who else, or those who did it? what do they think is the person who studies from this textbook, and then comes to russia to work, how does he treat the country where he came, which carried out an invasion, occupation, colonization, and his people fought against this colonization, how will he... treat you and me , error, ignorance, misunderstanding, sabotage, what is this, well, what is this, now listen to a history textbook from kazakhstan, it’s also very interesting, we are talking about a history textbook of kazakhstan, for the seventh-eighth grade, which states that the russian empire, taking advantage of the kazakh-dzungarian confrontation, began an open seizure of the lands o

you mentioned asia. asia is a very niche market. not a big thing this asia.e saw solid alcohol-free growth in asia. alcohol-free beer is gaining momentum. >> organic volumes did go up by 2% and organic sales grew 4.6%. they closed off the russiancomp. >> the ceo said he cannot comment on future pricing and then commented on pricing. why is the stock down? >> that is the big question here. one might look and say they have an overreliance on china in the set of earnings as the key driver for the uptick. the question mark remains whether that is sustainable having seen weaknesses in areas of the asian market as well. perhaps the price increase situation may not be sustainable. he said they will give the price increases to consumers. that may not be sustainable particularly with the likes of europe with the cost of living crisis has hurt a host of consumers. growth is taking a bit of an ease on that front. not trusting the volume story. the company did maintain its guidance. the market looking for the uptick. >> arabile gumede, thank you. thanks for staying here.

we are counting down to asia's major market opens. it's about the market reaction this morning to the u.s. inflation print, watching the japanese yen in particular touching 153 in the prior session. a bit of pushback from japanese government officials. but will traders really be paying attention? [laughter] haidi: haidi: and also, does that push back mean we are getting directions from the bank of japan for intervention? maybe they just sit back a couple more sessions and see whether it starts to fade, rather than acting on the immediacy of the moment. but it those comments from the ministry are very firm. we are waiting to see what is next after 153. annabelle: that's right. just recapping some of the lines coming through from japan's top currency official. he is saying authorities will be considering other options for the fx market and they are ready to respond to any event coming through. that has been the big driver, one of the big moves to note. overnight we had the big spike in treasuries. certainly putting dollar strength into

if they did something like that again, it would have wide impact across asia.e to adjust. this time around, maybe there is more warning, but i think it's a last resort thing. china probably really doesn't want to do that, especially ahead of the u.s. presidential election. who knows what policies will be on the other side of the break. china may well feel they have to react to whatever changes happen in the u.s. after november. they would probably want to delay. they probably want to delay as long as they can to see what happens in the u.s. haslinda: mark cranfield, bloomberg mliv strategist. still to come, karo ceo tells us exclusively how he is getting the firm ipo ready as it plans to raise over $100 million this year. we discussed the price of success in the lion city where higher living standards mask one of the most stressed out societies in the world. keep it here with us. this is bloomberg. ♪ ♪ ("three little birds" by bob marley & the wailers) ♪ ♪♪ discover our newest resort sandals saint vincent and the grenadines, now open. visit sandals.com or call

we spoke about the current focus in asia and revival in japan. >> asia for us is an area we have beeng since 2005 and where we have a really dominant position as a firm peer the largest wealth manager in asia today. the fastest growing part of the world today, 60% of global gdp growth is out of asia. the most exciting consumer trends come out of asia. it is a natural place for us to focus as real estate investors. japan, it japan is 40% of the business in asia. it is come out of a long economic morass and implications for japan are profound in terms of corporate governance reform, the opportunity for us to buy great non-core businesses from large conglomerates. >> it's not just asset management business. in the u.s. it is a $4 trillion market. in japan, 3 trillion. a massive market across a lot of what we do so we see opportunities to expand in multiple parts of kkr in japan. >> kkr has a dominant position and there is focus on china and what to do with that and a lot of people are saying we are getting out and you have a significant presence in china. given the geopolitics of the mom

more to come on daybreak asia.s is bloomberg. ♪ ♪ annabelle: taking a look at how commodities are faring, brent crude and wti are range bound. a little weakness in the prior session, given we had an oil inventory report showing rising u.s. stockpiles. opec and iea will release their report this week which will give us a sense of supply and demand pressures this year. iron is one to track, it is on a tear this week. that has given optimism around china's outlook demand. closer to the 110 level given that we were below the hundred dollar level a few days ago. gold to track given we saw a fresh record high overnight. speaking with daniel lam from standard chartered weld solutions saying you do not want to buy in at these levels, but we've seen a lot of buying from china in particular. let's stick with china for the latest developments we are tracking. beijing and russia have agreed to start a dialogue on eurasian security with the aim of counteracting the european atlantic alliance led by the u.s.. russia's performanc

i said from the first day that asia has developed tremendously. you see tajikistan, uzbekistan, kyrgyzstan, afghanistan, all progress. a team like vietnam, which has gone to the world cup, has been eliminated. iraq, a team that has always been among the 8 in asia, has been eliminated. japan has been removed. this we know that it is a lot of work. the ping-pong players of our country are preparing to be proud of themselves in the table tennis tournaments of the country, with several important sports events ahead of them, including the central asia and the asian championships. the young ping pong players of our country , in order to participate in the central asian competition, which is also considered as the selection for the asian championship, these days, the last stage of their training is under the supervision of the technical staff in tehran. they are following up on our best form, we have the central asian tournament , which will be held in kazakhstan. the first and second teams will qualify for the asian tournament. which have a very good ra

go to asia.ess lng will go to europe and more will go to asia. that could act as a floor. we could follow a little bit but maybe it won't come collapse if asia comes to the rescue. lizzy: stephen stapczynski with that update. we have a lot of action in the commodity space. gold setting a new record. $2300 an ounce on the affectation of rate cuts this year. copper hitting a 14-month high. goldman sees a high of $12,000 by q1 next year. you might say it is curious that you have got iron ore dropping towards a 10-month low, curious because iron ore and copper tend to move in the same direction when it comes to china and use. essentially -- china news. copper more useful and broad in its utility, and supply and demand dynamics varying there. speaking of china, we will speak about the treasury secretary's visit next. this is bloomberg. ♪ it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we

>> this is daybreak asia, counting down to asia's major market opens. the late rally we saw on wall street was a sigh of relief as we see the rebound taking hold. not saying much that was new but reassuring investors about the rate hike ahead. paul: he said we have to see that inflation come back within target and stainable the keyword there. haidi: interesting time for tokyo. we're also coming into this seasonal very interesting spring period for investors, long-term investors potentially setting up for more out performers. paul: we have the markets open in japan. what are we seeing here? haidi: seeing some meet upside with cash trading. we'll be watching in familiar the growth-related names giving the aleveuation concerns of when these great cuts will start to come. we're looking in particular at medals. and money related gains. on the back of higher oil prices, higher precious medals, gold, silver and the like. the nikkei up by 1 : 25%. not much of a move by the yen. 158 is where we're at. that virtual floor continuing to hold. nadala from the u.s. h

project on labor migration in central asia 2007-2009.foreign organizations banned in russia, such as the united states agency for international development (usid) and others from countries that are currently providing assistance to ukraine. but it doesn't change anything. this is called the history of the tajik people for the work program of the academic subject, which is for fifth to ninth grades for the 2023-2024 academic year, it is developed for russian-tajik secondary schools. historian alexander dyukov, researcher at the institute of russian history of iran, clarifies about these schools. knows, these are schools with instruction in russian, operating in tajikistan at the expense of the russian budget, it is assumed that graduates of these schools will be better prepared for integration into russian society, well, great, is it bad, great, read on, these are the topics of this work programs: central asia, on the eve of the invasion: tsarist russia, the end of the russian occupation of central asia, the state of indigenous peoples in

we are counting down to asia's major market opens.the weekend on a brighter note put the moves on wall street could inject a little more optimism into the session even as we wait for key crucial earnings. paul: that's right. we had a pretty decent rally on monday and it looks like that is set to continue today. those big earnings announcements from tesla, among the auto makers as well. a lot of u.s. debts will be auctioned this week also. what are we watching right now? annabelle: that's right. certainly going to be testing traders' appetites. this is the open for japan and south korea, as well as australia coming online. again, posting 1% to the upside for the nikkei 225. it was a story of rebounding from last week's slump. we've seen the nikkei two to five very close to entering a technical correction but it moved off those levels. the japanese in

plenty more to come on daybreak: asia.his is bloomberg. ♪ paul: let's take a look at how we are tracking commodities at the moment. iron ore continuing to put in a spirited recovery, better by another three quarters of 1%. i cannot tell you how iron ore miners are doing in australia because we are closed for public holiday today. that's pulling back from levels we saw earlier. it was getting close to $10,000. there has been some reluctance from some of copper's major consumers in terms of paying that much. we have blackrock however saying that copper needs to rise to $12,000 to incentivize large-scale mine investments. the willingness to pay these eye watering prices seems to be absent. let's talk a little more about the commodity space. we are hearing from bhp, the world's biggest miner. it is said to have approached anglo american to buy the company. it could be the biggest shakeup in the industry in more than a decade. for more we are joined by martin ritchie. what more do we know about this? martin: so far we have had

could look to asia for new opportunities. the focal marks joe the focal marksjoe biden and she's been paying since november. they had a lot of ground to cover. the risk associated with rapidly developing ai technology and military communications and the trafficking of illicit drugs like fentanyl. a white house summary of the call included a few others like china's unfair trade policies and venting access to technology. on the chinese side resident xi called on any taiwanese independence a redline and accused the us of trying to suppress china's development of advanced technology. overfour development of advanced technology. over four days of meeting treasury secretary jenny yellen is expected to meet with some of china's top political and economic officials as well as american business leaders and chinese professors and students. she is expected to warn china against flooding the market with cheap, clean energy the things like electric vehicle and lithium—ion batteries. the white house is trying to bolster that industry domes

we cross now to get the market's reaction in asia.— reaction in asia. have _ reaction in asia. yes, oil prices have jumped - reaction in asia. yes, oil prices have jumped on i reaction in asia. yes, oil. prices have jumped on the reaction in asia. yes, oil- prices have jumped on the news, prices havejumped on the news, the us officials telling the bbc that iran has been struck by israel. all prices in early trading jumped by around 3%, now they are down slightly, just over 2% increase. that's largely because one fifth of the world's oil consumption travels through the strait of hormuz in the region and there are large concerns, many concerns that escalating tensions will affect supply and will further impact prices. shares and stocks in asia also down on the news. but safe haven assets like gold have risen, with gold nearing a record high. mil risen, with gold nearing a record high.— risen, with gold nearing a record high. all right, thank ou record high. all right, thank you very _ record high. all right, thank you very much. _ record high. all right,

haslinda: it is risk off in asia. across the board getting sold off on the back of the better-than-expected data out of the u.s. inflation remains persistent, resilient. the index down more than 2% right now at session lows come on track for the worst day in a year. of course we are tracking treasury yields on the back of the 10 year yields at a new high year-to-date. two-year yields flooding with 5%, touching 4.99. higher yields sending stocks here in asia. it is also about data out of china, which has been pretty weak. it is mixed in terms of gdp coming in better-than-expected but retail sales as well as industrial production disappointing. the yuan weakness persisting as well. the pboc surprising with a loosening of its grip i weakening the fix at the lowest level in about a month. some suggestion the pboc finally bowing to reality. take a look at that. it is read across the board. most benchmarks are down about 2% across asia and in the foreign space is that strong dollar story which already had bank of indonesia