man who coined the term bric. jim o'neill is having a change of heart and said it might be time to remove the "r." jim anil: -- jim o'neill: i have been getting e-mails about when are we going to remove the "r." angie: we spoke with one a russia's largest petrochemical companies, the ceo. he sees china a comment is largest single country customer. -- he sees china as the coming its largest single country customer. >> [indiscernible] and actually russia sees china as an important trading partner and energy. and the current developments

of extra raven. alexis tsipras is rolling got cutting wages and it did -- ruling out cutting wages and selling all broadcast licenses and privatizing some state assets. singapore has been -- bid an emotional farewell to is found in father. lee kuan yew's coffin was taken by carriage. in attendance was the prime ministers of india and thailand and former president real clinton. >> it has been a dark week for singapore. the life that has guided is all of these years has been extinguished. we lost our finding father mr. lee kuan yew, who lived and breathed singapore. all of his life.

kong take a big hit. ralph lauren, fossil, michael kors that seemed a bit of a plunge in the stock price. angie: volatility to come. let's get back to the markets. what is driving asia. john dawson. john: airlines, 2 crucial games. china composite is up and gradually gaining all through the morning session. very encouraging for china. hong kong is similar. excuse me. the morning is unfolding, just below 25,000. its performance for the 2 mainland chinese benchmarks, you can see thailand is open. they are up. southeast asia markets malaysia singapore, taiwan the main benchmarks today.