annabelle droulers in hong kong.: international flavors and fragrances reached a deal to buy dupont's nutrition division. the deal sees the u.s. company beat the group as it seeks to expand into the fast-growing food ingredients business. the unit specializes in products such as sweeteners and emulsifiers and to has seen growth in plant-based meats and probiotics. china's ambassador to germany .as threatened retaliation speaking at an event on saturday, the ambassador said there will be consequences if sterling makes the decision. it also made reference to the millions of vehicles german carmakers sell in china. english football club arsenal facing a backlash from china after one of its top players muslims.-- uyghur despite the clubs immediate attempt to distance itself from the star players remarks. earlier this year, the nba resigned in china after an executive showed support for the democracy protest in hong kong. the wing is considering -- boeing is considering halting production of the 737 max as regulatory clea

here's annabelle droulers in hong kong. belle: hundreds of thousands of people joined hong kong's biggest demonstration in months and a sign that popular unrest will continue into the new year. organizers said 800,000 people marched the city on sunday, but police but the number around 180,000. the rally was first permitted by the -- promoted by the civil rights fund. the mayhem in the u.s. retail --ket the bias warns structural problems reduces their ability to supply funding at short notice. of thek to the head department at 9:30 and time. matt: thanks very much. annabelle droulers in hong kong with your first word news. can europe save itself from being stuck in a protracted japanification? many investors think it is unlikely to find the escape route anytime soon, but there is someone out there with a very different call. here is dani burger. from davidall comes owen, who says the euro area, despite being a very fashionable call, will it escape the path laid out by germany. he said, look at european companies moving back t

now, let's get the bloomberg business flash with annabelle droulers. lle: the boards of fiat and psa have approved the next step in their merger. it would create the fourth biggest carmaker by global sales. it would rival volkswagen with a stock market value of about $46 billion. the two sides are hosting a conference call this afternoon to provide an update. tesla is considering cutting the price of its china build cars next year. the price of the model three sedan could be cut by 20% or more. sales of electric vehicles have fallen for months after the chinese government scaled back subsidies. multibillion dollar wildfire settlements. part of the restructuring plan. now it has to win over california's governor. last week, pg&e drew a rebuke from the governor. the company says it is still in negotiations to resolve the differences. manus: thank you very much. a rallyp on the show, has created an historic dislocation for the markets. we explore the context with the chart that matters. this is bloomberg. ♪ nejra: this is bloomberg "daybreak: europe." i am

i'm annabelle droulers. this is bloomberg. big gains for australia. absolutely.y outperforming, australian equity market on a tear today up 1.8 percent, worth noting new zealand's market with trade across all boards down due to a conductivity issue. the euphoria from friday fading somewhat. weakness coming through in hong kong. a plate -- pretty flat session and japan as well. when it comes to currency moves, we are seeing offshore chinese come -- currency move today. the offshore currency is rising. we had the strongest in terms of the onshore today from the pboc in four months. still the trade deal against getting over the line is giving a bit of a boost to the offshore currency today. are also seeing m&a activity boost of chinese electronics company. what are the details? juliette: you can see universal scientific jumping i the daily 10% limit after it resumed trade. it had been halted by a week due to the previous deal. we are hearing the electronics maker will pay $450 million for ciccnch company, which says should significantly boost its own profits and hel

annabelle droulers assisting the team in hong kong. confirmed it will continue opening its economy, using regulations, and lowering finance costs for private companies. the government will offer more breaks. china has 20 7 million private companies employing 340 million from people. turkey will increase military support to libya to help the government against an offensive by militant commander khalifa hav. his comments came a day after ministers approved a support pack to support the libyan administration in a first step. malaysia's attorney general said he is ready to ratchet up a criminal case against goldman sachs for its role in the 1mdb affairs. he spoke exclusively to bloomberg and told us he is planning to bring bank executives to court in malaysia regardless of any settlement reached in the u.s. >> it does not matter really if we set with the u.s. it does not help them one bit. it does not affect our prosecution of the case. annabelle: north korea is reportedly expanding a missile plant, raising concern it may resume testing wea

nejra: annabelle droulers in hong kong. thank you very much. the r.b.i.forecasts and leaves interest rates unchanged. we will talk about that next. tune into bloomberg radio. this is bloomberg. ♪ we are 44 minutes away from the start of cash equity trading here in europe. japan's prime minister has announced stimulus measures to support growth and economy contending with an export slump, natural disasters, and the fallout from a sales tax increase. we are looking at a total package worth about ¥26 trillion. much bang will this fiscal package have for japan? >> it should be very helpful. if you look in terms of where the deficit is. it pushes it down to where the u.s. and china are. we think this buys time for the rest of the world as well to get their fiscal house in order. really move fiscal to supporting growth around the world. nejra: how positive are you on japanese equities? expect theming you to outperform bonds on a global basis. >> japan is interesting but one of the challenges for investors is when japanese equities go up, the currency tends to s

here's annabelle droulers. n polls give boris the lead four days before the election. brexit seems to be a top the election and they are backing the candidate most likely to win the seat. . the candidates worn complacency is the threat to a conservative victory. president trump is downplaying missile test in north korea, saying kim jong-un is "too smart he has too much to lose". tweeted and said talks on denuclearization are now off the table and pyongyang said kim had overseen an important test on a missile launcher. the media said they didn't say what kind of rocket was tested. chinese exports fell unexpectedly last month, another sign the trade war is hurting the economy, as global demand also slipped. outbound shipments declined 1.1% from a year ago and were down 20% of the united states, the worst since february, the 12th consecutive monthly decline. shipment had been expected to rise a 10th of 1%. -- 8/10 of 1%. in modi'satest move nationalist program. the proposals allow citizenship for hindus among other

let's get to the business flash with annabelle droulers in hong kong. lle: europe's finance chiefs are calling for a new anti-money-laundering agencies after a wave of scandals across the region's banking industry. the current system is vulnerable because it is largely among national lines. a coordinated response leads to -- opens the door to a revamp of the system. cyber monday hit a record -- record with u.s. shoppers spending $9 billion online. it is a boost to an already robust holiday season, but the total fell short of some estimates. online shopping could hit about $135 billion this holiday season despite a shorter gap between thanksgiving and christmas. green, the first to pledge illumination of all byenhouse gas emissions 2050, the most ambitious goal yet to align with. clinicals. . the giant will reinvesting clean energy -- reinvesting clean t in cleanreinves energy. manus: australia central bank kept interest rates unchanged, in line with market expectations from economists. the hold comes as three cuts have been seen since june. they've injec

let's get the first word news with annabelle droulers in hong kong. belle: the outlook for china's factories is getting brighter. isicial manufacturing pmi showing an unexpectedly strong november. the rebound in new orders, pushing the gauging into expansionary territory for the first time since april. the index also rose for the fourth consecutive month of expansion. another weekend of unrest in hong kong. police, firing tear gas as thousands marched in the tourist district. protesters express gratitude for the u.s. after president trump signed legislation supporting the demonstrators. protesters set fire to a subway station entrance. bank of england governor mark carney has accepted a new job. he will become u.s. special envoy for climate action and finance. his pay package, one dollar and year. he leaves his current job january 31, but his successor hasn't been named, which has boosted speculation he may be asked to extend his term. global news 24 hours a day, on-air and tictoc on twitter, powered by more than 2700 journalists and analysts in more t

for the first word news, we go to annabelle droulers in hong kong. annabelle: thanks, matt.eserve expects to stay on the sidelines in 2020. last night, the fomc kept interest rates on hold, forecasting no changes through next year's presidential election. chairman jerome powell says current policy will not remain appropriate unless the outlook changes. another rate cut is looming in turkey. president erdogan saying rates will be in single digits in 2020. most analysts disagree with his view that lower powering costs brings down inflation, but most in a bloomberg survey see the policy continuing. brazil has lowered its benchmark rate by half a percentage point. the central bank cutting the .ate to a record low 4.5% many analysts also believed they signal to the end of the easing cycle, but the central bank left the door open for additional cuts. israel is heading for its third election in less than a year. the country's parliament had until midnight to find a lawmaker that would form a governing coalition, but the deadline passed with a stalemate intact. this, after both benj