the other is marine time asia-pacific. in these new things, we see that type of power competition coming back. china and russia are the largest continental powers. they come together. in fact, many people had a lot of suspicions, myself included. these two strange bedfellows would not come together. in the last few years, more than a few years it's amazing to nonobservers. these two countries have come together economically, strategically and also militarily. look at the military exercises these two countries conducted in a few days. not a few days. in fact, there was in the water nearby the disputed china-japanese territory. that means russia is back into the chinese claims, and china supported russia on many, many fronts especially on the front against the united states. so i really see a strategic re-alignment taking place in the global stage on the asia-pacific, and the chinese president talked so much in the last few days that asian affairs should be handled by asians. asian problems should be resolved by asians. here

china tried to get asia to be handled by asia. russia, the united states, is a pacific power but is not an asian power in the chinese mind. russia is euro-asia power. china is working with russia to reconfigure raate the power politics. >> david, does this mean that russia's sort of conceding in certain ways that it's a junior partner? this is a country that's never been able to make, foipsz, consumer goods to satisfy the desiresr instance, consumer goods to satisfy the desir desires of its own people it's become a mine and an oil derrick for china. >> it's possible to over play this as a deal that has determined the future. i think it has the capability to do that, depending upon how it lays out. russia made some pretty serious concessions on the price side. at least that's what people think today based on the price of energy. >> may not be the case in years to come if this shale oil continues to reduce the world cost of energy. it might actually turn out to be a good deal from russia from that standpoint because the chinese, fiv

-- asia-pacific?ina likes to say we have a growing economy, we have a growing conception of our national interests, so we're just doing what any other great power in our situation would do. is there a way to distinguish between policies anyone else would take in its position versus those if it really wants to dominate in the south pacific? >> well, look at the united states between the end of the civil war and the outbreak of world war sr.. the united states -- world war i. the united states had economic growth rates for most of that period extremely, near double digits almost every year. there was some hiccups here and there. the united states settled the continent, brutally perhaps, but it did so. and what did the united states do? it built a great navy, and it dug the pan pa canal -- panama canal. and it became a great power. and why did that happen? because the united states, you know, after the civil war and the north and south united, the united states developed a great economy and, therefore, i

ned for "asia modi's first day as prime minister. ♪ >> the asian trading day. this is "asia edge."soar and the south asian scene. vietnam accused china of sinking. the coup. growing protest against the military in thailand. cap malaysia airlines turn things around? >> i am angie lau. takes power in india. we will be live in delhi and mumbai for the challenges he faces. football fans come they are counting down to the world cup. there are mounting warnings. the teams get ready to fly in. the champagne a moment. up and close personal. that is cristal. all of that and more in "asia edge." start with a dramatic escalation of tensions and the south china sea. vietnam is accusing beijing on sinking one of his ships. what do we know so far? >> we do not know a lot of details. the details we know tells a fairly clear story of what happened. let me take you through this morning. the vietnam and newspaper in the country reported

all of that and more in "asia edge." start with a dramatic escalation of tensions and the south china sea. vietnam is accusing beijing on sinking one of his ships. what do we know so far? >> we do not know a lot of details. the details we know tells a fairly clear story of what happened. let me take you through this morning. the vietnam and newspaper in the country reported that a ship carrying 10 people was attacked by a chinese vessel. been confirmed by the chinese foreign minister that indeed that fishing boat was around and 10 people were rescued -- was graham -- was mmed and 10as ra people were rescued. they were not fired upon. it was on monday. a bureaud out by chief, we do not have any details about what type of chinese vessel it was. if it was a fishing vessel or government vessel or military? we do not know. that area where the incident took place if i remember 10 or 12 miles from the coast. side ofg try to get the the chinese government and they have yet to make a statement on this. >> the key thing is the loc

the msci asia-pacific index, there we go. that one fairly divided equally. >> interesting to see what the investors are thinking. thank you for that. >> the other stories making headlines -- japanese consumers splurging on imported goods ahead of the sales tax increase. they slide into sustained deficit could make japan reliant. inmsung is set to be stable condition. he had trouble breathing. polling stations closing early and some parts of eastern ukraine as the referendum on greater autonomy amid tight security. the vote has been declared illegal by kiev and the west. 30%.ut said to be about 24 hours, theer treasurer will deliver his first budget and it is widely expected to be somewhat of a horror show. thousands of government jobs being cut. paul, where else is the ax likely to fall? it is pretty hard to discriminate. up to 70 government agencies are facing abolition or merger. some agencies will be forced to share resources, such as the national gallery and the national library as well and the royal mint of australia is

from dan o from capital economics asia. daniel martin from capital economics asia. >> this is one of the things that the government can tackle. in modi'snic riots state has some minorities worried about his rise to prominence. that a strong economy will help. the minorities and commence is something that has to be top of his agenda. but the feeling within the bjp seems that, if he can deliver on jobs and growth and development, rowsthink that the rising will -- rising votes will make both happy. think you will create minority specific programs. just half an hour away from the open in india. >> first of all, the futures market has seen a significant gain. you can see both those futures indices, soh of the keep a watch for those. they ran it on friday. they are going to run it today. coming on the promise of an economic recovery. he did very well in his state. that one stage in the entire country is a very difficult task. since you was put forward as a premise are candidates for the bjp, trends fell more than that, about 9.5%

india isr in asia. there are concerns about rising inflation on this edition of our program we're discussing the indian election that wrapped up today and what it means for its economy and u.s. economy, and the relationship between our two countries. still with us frank wisner ambassador to india. in our wit washington studio, aa ayres, and from new york, arvin professor of indian political economy at columbia university. mr. ambassador, if you read the foreign affairs journals, people who are in the know confidently talk about one of the reasons we need a stronger india is to be a counterweight to china. is it that much of a chess game that we need to prove that a country like india could pull itself up under the umbrella of democracy as a counter model to the top-down chinese administration? >> you know, frankly, i don't look at it that way. and i'm quite confident the indians don't, and pursuing a relationship with india as a foil to china i think will get our country into a whole lot of trouble. i b

bringing some rain and thunderstorms for the eastern portions of asia into russia. and also another low down into the balkan peninsula. you don't need any more rain but it looks like the low will continue to provide plenty of moisture for you. meanwhile another low down into italy. looks like that's going to draw out some of the moisture over france then eventually dry western europe out. so we're expecting a little bit of an improvement. high of 21 degrees in paris. 16 in london. but yes, more rain expected for eastern europe. so make sure that you stay tuned and have the umbrella with you if you do have any outdoor activities. for the weekend, some spots expecting some brighter conditions into amsterdam, and frankfurt and marseille highs anywhere from the upper teens to the mid 20s as we go through the weekend. hope you have a good day wherever you are. here's your extended outlook. >>> and that's all for this hour on "newsline." i'm shery ahn. thank you for watching. gg99Ññw? >> welcome to the france 24 newsroom. it is 1 p.m. in paris, 2 p.m. in kiev. headlines

still one of the best-performing markets in asia. we are seeing a little bit of weakness today but the overall theme, foreign investors have pulled out but local institutional investors are buying in and supporting. back to you. have beentics in fact at the forefront of our discussions today on bloomberg television. first, the evidence in thailand. says eddie in bangkok twitter and facebook are helping the protesters publicize their views. >> while facebook is the dominant platform, i think twitter is more important and it is the most important platform coming out. it is instant, immediate. more often than not, you hear channels, asws reported on twitter. it is very important. when you see these large protest groups gathering, not only do you get 200, 300 people in the street, you can get tens of thousands of people following it live on social media. it literally makes the protest 10 times bigger than it really is. >> meanwhile, resolving political unrest in ukraine will be the challenge for petro poroshenko who is widely seen as win

defense policy across the asia-pacific region.he also served as the direct specific affairs in th and the e of the secretary of defense for policy to the director of the central intelligence. he is now the president of the company he is a senior fellow at the international and announcement and solution. he serves as the senior director in the china specific program at the center for the national interest and travels frequently to asia business and discussions under brazilians responds, security policy and military strategy. the general also helps the strategic planning from the naval war college and international relations in the regime college and has been a doctorate in the public service by the university of maryland. he's a member of the marine corps association with the naval institute and council on foreign relations. he's a trustee of the marine corps university foundation, board member of the u.s. naval institute and former rector and treasurer of the semper fi fund. he is also a past honorary advisor to the development in

on the sports front, 5000 runners have taken part in a race up asia's holliston no thing. -- asia's tallest building. competitors faced 2046 steps to finish line. >> china's slowdown, the crisis in ukraine, and emerging market instability when "asia edge" returns in a tick. thanks for sticking around with us. let's start with ukraine. john has the latest on this. the situation is getting more and more grave. >> odessa is a concern. the appellation is ethnic russians. to president was there [indiscernible] .eally blowing up now president putin claims many are calling for help. edessa the third biggest city, but did the port would be -- but the port would be a game changer. >> a losing strategy for investors. the international investors looking at whether the oil price has gone up. they probably don't care too much, honestly speaking. situation isn't going to evolve into a war with nato and russia. the riskncerned that could be escalating, but right now we are not expecting a war between russia and nato. that would have been a step too far for vladimir putin. >> they were on track to join nat

the asia-pacific century for the united states, and everybody knows the importance of the asia-pacificto the future of the united states. i do not think it can be overstated. whether it is the economic, the trade type of and is everything that is incorporated as a part of that. things as simple as the tpp that is not necessarily temple but the transpacific partnership. the economies that are addressed in the asia-pacific region, some of the largest economies in the world, china, united states, japan, india, russia, that speaks to its importance. also the trade of the amount of commerce that goes through the re. i will try to cover all those things in the ways that makes sense to folks. as i said, what i will do to start with is doing over give --r -- do an overview here wait, we are not there yet. living.rplanes for a [laughter] i cannot work a clicker. we will leave it here, and hopefully will get to the next light soon -- slide soon. issues we're dealing with, we will start in tappa and worker way further south and west. area and work our way further south and west. in the challenge

asia is the big -- europe is the biggest concern and asia a wary. this poll is quite accurate. it has been accurate in the past. 30% [indiscernible] economy ise global improving. 43% say staple. 20% say weakening. the last poll was actually 59% said there are improvements but it will slow down significantly. that is very large. that has changed somewhat. taking about 94 customers from traders to money managers to bankers. they are quite accurate. two thirds said u.s. is the bright spot. the imf will agree with that recent forecasts. 74%. a concern about deflation as opposed to inflation. the record so far is quite strong. january 2012 they were off to the stick in the u.s.. that the early part of year, it showed negative on the break country. it is also proved to be accurate. a say they are not as upbeat as they were in january. issues about the situation. ande are the key areas cause for concern. >> let's go down into the asian part of this hole. how great are the concerns about a slowdown in china? >> quite good, quite great. the finances are the main issues for that. china i

many of them see opportunities in growing markets in asia. some have adopted an innovative strategy to promote japan and sell japanese products overseas. ♪ >> reporter: this is a clip from a popular tv show in taiwan. the show introduces young taiwanese women to the latest trends in japan. famous japanese models and tv stars appear live in the studio. >> reporter: it debuted in november and has already become one of the most popular variety shows in taiwan. iako nagaka is one of the people working behind the scenes to make the show a success. she works for a japanese major entertainment company. her job is to expand the business in taiwan. >> translator: use this top and tuck it in. when you're asked to comment on something, you should say "cute" in mandarin. girls in taiwan are eager to know what's fashionable in japan right now. >> reporter: nagaya is also looking for opportunities beyond taiwan. especially in mainland china. two years ago, anti-japan demonstrations raged across china. at the time, nagaya's company was collaborating with a

but if it's going to grow its gas supplies it needs to diversify to asia-- asia.s one of the growing markets in asia. an rush ha-- russia has been negotiating this deal for nearly a decade. and i think what's interesting is in that space of time turkmenistan in central asia has moved in to become a major supplier to china. and so in the end, turkmenistan has captured a sizable market already in china. and i think russia was looking to finally come to the table and make a deal and it didn't happen until 4 a.m., virtually before, you know, putin was leaving shanghai, this deal was concluded at the very last minute. >> brown: and it also, didn't happen until this moment that this geo political moment we're in, right, with russia and the u.s. and the west. >> exactly. they have been haggling over this deal for ten years. probably the reason happened is because putin very much wanted this deal to happen now. >> explain why. >> if you think of the ukraine crisis what the u.s. is trying to do, its strategy is to work with western europe to isolate russia diplomatically a

elephants on the edge of extinction--two stories from asia, coming up on "earth focus." beneath the canopy of indonesia's rainforest, life comes together to produce an amazing symphony of wild sounds. [whistling] [low growl] [roaring] [chirping] [bellowing] but now, the rainforest's most booming voice is increasingly hard to find. [deep trumpet] the sumatran elephant teeters on the edge of extinction, and there's no one else to blame but ourselves. [loud buzzing] it's here in grocery stores where the fate of indonesian elephants begins. you may have never heard of it, but palm oil, a common vegetable oil, has been a growing presence on supermarket shelves since the 1990s. it's high yield, versatility, and price make it an exceptional competitor against alternative vegetable oils. today, palm oil and its derivatives are present in 50% of all packaged food. products like bread, cookies, chocolate, chips, and even shower soap. the consumer benefits, but the sumatran elephants pay a price. their habitat is cleared by legal and illegal loggers to make room for palm oil planta

and in asia of course is lagging behind its neighbors. looking to its neighbor to help fund the development. a roadshow in singapore is off to japan and hong kong. the like of infrastructure is a major setback. investors are pretty much turned. take a look. down from 25% in the quarter before. it was the slowest pace since 2009. we will find out later how they economistsn q1, expecting a slow down. the government recognizes that. the company will provide long-term funding for construction. shareholders include the government itself. a world bank international cause. it provides financing. it is limited to a maximum of a third of each project. lowering as much as seven years. >> the plans for new airports in indonesia. are these expected to kick off? tilde small airports roads across the island? there appears to be political will. numeral's were announced in december. foreigners -- new rules were announced in december. 100% in power plants are built under public/private partnerships. they have not been successful so far. another potential

is it feasible to get into asia? been the theme and agent brewersthe or did they miss the boat? >> you may say they missed it because ab inbev entered the market. breweries there. they have other opportunities to buy into china. they can enter into that market and sell within the region. there are other markets in southeast asia, something that heineken has been focusing on. >> if you look at the world --, influenceve a huge for a be in-depth. the biggest for inbev. if anything on it will be the local korean brands, which inbev as, or budweiser. carlsberg entering at this moment would be late in the game. there were not be much benefit. they would have to look into other sponsorship. i don't believe it will happen -- have that much of an impact. >> drink-wise, where is the sweet spot? we have seen the beer market under pressure in western europe and now in russia. we have heard a lot about brown spirits taking off over the last years. you have a favorite in terms of a stock pick or a company that is headed in the rig

they are upping the pivot to asia. in six years 60% of air force and navy will operate out of the region, it's something important moving forward. >>> china's territorial claims led to tension with several countries. recently there has been a confrontation with vietnam after an oil rig was put off the coast in areas that both countries say are theirs. china claims a you-shaped swath, overlapping with areas claimed by other countries, including vietnam, indonesia, malaysia, brunei, the philippines and tai wap. in the east china sea, japan and taiwan are over a group of islands, sack u in japan and diaoyu island in china. china requested all aircraft in the areas identify themselves, from march. that overlapped japan's air zone. dr evan resnick is a foreign policy and security expert. he joins us live from singaore where the summit is happening, a summit that chuck hagel is attending. and we have heard strong words from chuck hagel there, but will it be followed up by strong action. tell us what can the u.s. actually do

how does the economy compare to the rest of south-east asia? >> i think this time thailand would be perhaps the only country that would have the lowest economic growth in the south-east asia region, which is expected to be the engine of the asian economy in this year, and the level we can expect is 2% for g.d.p. growth. that is low compared to the suspected average of south-east asia. >> a lot is put down to the drop in tourist numbers, because of political instability. how much is down to foreign companies not investing and going elsewhere because it's cheaper? >> when you look at inward invest. in thailand, you have to look at the new investment as well as expansion investment. i think thailand is now looking at other countries in south-east asia attracting new investment to countries with lower resources. thailand is still a regional hub, and what we should be concerned is that we should attract higher value investment. with the lack of stability i'm afraid a foreign investor would take a wait and see approach. >> thank you. >> i'm not too w

but here is what was told to reporters in asia.the notion to go forward with sanctions without the europeans would be the most effective deterrent to vladimir putin. that notion, he said camesa actually wrong. we will be in a stronger position to deter mr. -- he said, is factually wrong. we will been a stronger position utin without prud europe. there are some strong differences of opinion. president handle that? does he go off on his own? does he say, we need to put troops there and we need to do this and do that, or does he wait for some kind of unified land? plan?fied >> i think he needs to do a little but more leaning from the inside. i think he has to do both a major effort to keep the united ,tates and europe together understanding that the european dependence on russian energy is going to make it tough. , then trade with russia german trade with russia is huge and ours is china -- is tiny. on the other hand, the european for the last 60 years have relied on us for leadership, and in particular national security. and they are

you see in asia what it looks like without u.s. leadership and without a navy we keep talking about and a profit to asia that is happening. meanwhile beijing can see what is happening with our military, and everyone is scared including countries that you would not automatically assume would want the u.s. around like vietnam. you're seeing a bit in the middle east, and when there is a withdraw of u.s. leadership, it's not always a good outcome because you have people cutting deals with the bad actors in the region. case in point that have is some of the erratic behavior we've seen from had hamid karzai. >> wasn't he also making the point that sometimes it is the united states, because it isn't anybody else? >> exactly. i think he was talking about a new kind of american leadership. i think it would be great and the president administration would love to see some of these other countries that were mentioned stepping up whether it's india, brazil, or some of these other countries to take a role on the world stage. but they're not inte

do you know who the biggest company is in asia?omelot cheaper of the not so big names in the u.s. it trades at 33 times projected earnings. >> valuations are still high. >> take a look at linkedin, or facebook, 30th. >> amazon.com, 455. >> it depends on the metric you are using. linkedin is at 195 times earnings. >> i believe that is times sales. >> that is an extra ordinary valuation. >> this is looking at net income on a valuation basis. what is the bottom line? emerging-market stocks are cheap and undervalued. take that however you want to. it is all a comparison game at the end of the day. i know you think there is a tech bubble. we have talked about this before. >> always a joy. mia saini on the tech -- the u.s. has charged five chinese notary officers with hacking into american firms. they're accused of stealing information that would be useful to their rivals in china. those companies were not identified, but they are said to be some of china's biggest state-owned companies, including bao steel and cannot go. retired basketb

the economies in the asia region, china, japan, russia. that alone speaks to the volume of importance. the amount of, commerce that goes through there and then the challenges we face. go through that i'll try to cover all those things in the to folks.ake sense and i will try to make this work. so, as i said, what i'll do to one over the'll do a.o.r., we're not there yet. there. okay, so i fly airplanes for a living. ( laughter ) and i can't work a clicker. i'll tell you what, we'll leave it here, hopefully we'll get to the next slide soon. i'll do one over the a.o.r. we'll start up in the northeast our way down -- how am i doing so far? we'll work our way down south as we do this. certainly what's going on in ukraine and crimea is a for us, and it's a challenge for us in the asia pacific as well as europe. had a conversation about a week and a half ago with phil breedlove for about two hours, he's not having a lot of fun as you might imagine. what russia is doing in ukraine crimea has a direct effect on the asia pacific. aviation and the i

raya, jennifer es una mujer muy hermosa. >> y tu esposa no es celosa. >> somos unos profesionales. >> asiao meter la energÍa tuya, y queremos que consigan un artista, les dije estamos trabajando con wisin, que asÍ surgiÓ. >> durante la filmaciÓn, wisin, no perdiÓ oportunidad para compartir con sus hijos, su pequeÑo lo miraba, serÁ que le seguirÁ los pasos? >> gracias, y cÓmo decirle que no a carlos monti, imposible, el cantante venezolano uniÓ su voz a marÍa josÉ, y tenemos el vÍdeo, se lo presentamos, quÉ lo disfruten. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> bueno,y continuando, el tema de los vÍdeos musicales, nuestra jackie se colÓo en la filmaciÓn del vÍdeo musical de jean carlos enrique acevedo y una comision nombrada por el papa francisco se reune con victimas de curas pederastas para que lo asesore en el tema. el presidente de venezuela, nicolas maduro, anuncio un aumento del salario minimo del 30 por cinto para aliviar el efecto de la creciente inflacion. y en el salvador ordenaron la captura delex presidente francisco flores, quien enfrenta cargos de enriquecimiento ilicito y desobediencia

supply routes from africa to asia to america. use of unknown chemical cocktails add today ecstasy or methamphetamine tablets if someone has a bad reaction or overdoses medical staff don't know what they are dealing and therefore can't treat the patients. the dea says taking synthetic drugs salt lake playing a game of russian roulette. butt agency is fighting an array of new and easily accessible staupbss and no shortage of drug users willing to take the risk. >>> in london a new exhibition is helping unlock some of the secrets of the ancients world. the display at the british museum examines a mum if i indication process using the latest medical technology, emma heyward reports. >> reporter: they are relics of an ain't then fast. thousands of years olds mummies from the sudan. using had i particular medical scanning equipment for virtually peel back the layers. museum examines a mum if discovered in a shallow grave more than 100 years ago and one of the oldest examples here. through these images we can learn more about the man. t

you had this arrangement in east asia for so long. is it possible to have a store integration where the koreans and japanese have to give us their data and don't have to talk each other? we can launder their information for their systems. integration between us then a relay between them. ,he second, the china problem the problem of energy, lasers, future,s -- in the near 10-15 years, a possibility of actually changing the big problem to a problem that is on addressable by any technological means. >> i will answer the first question. and turned to patrick for the second one. idea,k is an important what you just suggested. i like that idea. ofter than i like the idea saying interoperability when meaning integration. , we are the brain center, we are the hub -- we should get data from everywhere we can. we would get data from all sorts of places. , allied,d platforms japanese, australia -- who knows where the data comes from? it comes from us because we occupy that position. my advice to south koreans is, don't get too worked up trying t

>> well, i give obama an a minus on the asia trip, maybe even an a. on ukraine, i'm not grading on a curve here. this is failed policy. >> charlie: failed policy. this is failed policy. this is the united states saying, russia, if you don't behave the way you want, we're going to isolate you. no we're not. russia is not iran. we almost lost -- the sanctions process with the europeans, we almost lost that last week. we could barely get the europeans to the digita table os issue. >> charlie: why? because they don't want to punish the russians. they want to support the ukrainians. but they have a lot at stake economically and can't coordinate. >> charlie: what do they have at stake? >> you look at banking and the transactions between the europeans and the russians, and gas and look at the europeans and the russians, you look at even real estate in london is important. then you look at germany. germany, you have a population, a german population, which especially after snowden, is mistrustful of what the u.s. wants in foreign policy, doesn't want to get d

he said that is not the case for asia. on added that japan and its neighbors have really come to an agreement on compensation insurance. the prime minister then turned his attention to the current tensions and or the age of cleaning them on japan's neighbors. he said the door to talks remains open and that they should be canned without preconditions abbott's comments are once again raising eyebrows about japan's security to improve relations and everything the japanese leader criticized china for beefing up its millet remind saying it would not serve to hold asia's economic development he was responding to tiny presidential campaigns or mark that criticize other three siblings to the right prime minister of a lead for the six nation trip there you're fine tuesday were trade and security issues will dominate discussions honey can. i mean i knew this. gary ayres an economic data pointed to get out to heal the best time. easing concerns about inflation in the country korea's april consumer price index rose one and a half per

fraud the diplomat foreign minister yoon young state warns that the increasing rivalry in northeast asia may lead to an armed conflict japan continues its attempt to secure for military town a with profits at a given nation and the numbers even worse when stanton electronics is taken out of the equation cover some sectors did show surprising jobs front end's begins now all the darn near some charlotte and i am the current eighty and throw it. three weeks have passed since the thrill of a ferry capsized off the southwestern coast of korea and over thirty passengers still remain missing for more we know turned to art in jail and rejoices now so the search for the missing continues but the ongoing investigation has uncovered more unsavory details about the theories operator and this time about its safety record. that's right at the bit that's been simmering company has. the was found to have the highest number of accidents in korea for the past past five years to create coast guard says that the ferry operator had six accidents from two thousand and nine to twenty thirteen accounting for te

let's bring you back to asia. to first.n bold countries. -- pullingand from cash out of neighboring thailand. and a heads up. we have two trade data coming out of the region. the march figures. we expect a widening in trade million.lose to $190 coco will release its figures for april and pointed to a deficit. , alone. -- come along. we hit a three year yesterday. we are bouncing back. we are looking at a year to date chart. that is the three-month low right there. as far as against the euro, we end with that. 139.26. also bouncing off this three-month low. those were the stories driving your fx market in this morning. >> checking other stories making headlines around the world. the new indian prime minister hei starting its first day was holding talks with his counterparts. a month a group of heads of states who attended his inauguration. they are nuclear stays and half ht a-- and have foug number of clashes. south korea have arrays of the bounty over the sunken ferry. they will pay $500,000. he is said to be the ultimate c

a quick word about central asia. we talk about the shift in russian strategy in central asia from being the dominant buyer of gas to now taking a subordinent role to china. we have seen russia and gas accept a loss in the region as the commercial realities has meant that the they are sending much more of their gas east than north and we would expect that to continue. we don't see exports from central asia into the russia rebounding and remaining into the 20-30 bc for the foreseeable future. just to conclude given the half hour is up. this graph at the end is intended to show that although some of the issue we addressed in the book are problems as markets have changed and driven a change in strategy particular at gas prom. russia is in an interesting competitive position relative to europe and asia. the vast amount of their infrastructure is west toward the european market and we believe despite the fact that gas prom is quite high cost in the european context it is competitive and to put a number on that we calculate

stay with "first up." ♪ >> let's get straight to the markets in the asia-pacific.where the index is seen a decline of about 0.5%. the aussie dollar is seeing some modest upside. we will be watching the dollar -- the aussie dollar as it reacts later this week to china's pmi figures. moving to japan with the market has opened, and this is what we have. initial indications are again gain for the nikkei 225. we did have the latest machine orders numbers. they blew past expectations. we will be getting you more on that a little bit later in the show. and south korea, the cost be -- kospi is just getting underway. it is down 0.5%. the korean won looks like it is strengthening modestly. well, let's stay with the markets. my next guest oversees the investment policy for around $2 trillion in assets. joining me is ups wealth management's global cio alex friedman in from zÜrich. >> thank you for having me. >> welcome back to hong kong. i have a bit of trivia for you. i bet you didn't know that either yesterday or today, we are still trying to work it out, is the 40th anniver

the asia rebalance -- of course this is going to affect the asia rebalance. how could it not? we thought the security was virtually solved but the pie is not growing. i will leave it to my distinguished colleagues for details. but me say something about china -- i think it is pretty clear national sovereignty is a sacred pillar of chinese policy is a cell -- a slow self. -- a slow sell. its value is reduced. i think there is an ambiguity in china about this. at some level, i think ping has to admire vladimir hooton for -- vladimir putin for what he did in crimea are -- in crimea. china's going to benefit economically and politically from russia possible strange but with the west, but i think it will be very cautious about signing up for vladimir's new cold war. we can watch carefully to see what happens with mr. putin when he goes to china at the end of may. certainly, russia's position has weakened and he will get a lower price on the gas deal. let me conclude with something on the sanctions. can economic sanctions substitute for use of force? clearly, no. that is obvious. bu

we saw it in asia last week, through the asia-pacific region. assurances the u.s. would be there for territorial disputes. those things go against one another -- public polling and the international perception. how the obama administration tries to mary that is difficult. that is difficult. >> the president will be on the podium in a few minutes. ♪ >> is 56 past the hour, which means bloomberg tv is on the markets. time for today's options inside. the s&p is pulling back after a record high on the jobs report, a huge upside surprise. nonfarm payroll, 288,000 jobs added for the month of april, well above our survey. the unemployment rate coming down to 6.3%. the lowest labor force 1978.ipation rate since joining me with a look at how the optionsthe s&p is pulling ba >> equity markets and the vix, little change. we are seeing treasury bond 30 and 32. it broke out. it is at 34, the target. earnings come out monday morning. ae options are pricing about 3.2% measured move. we are seeing some activity, paper orders. we are seeing some joomla! -- calls

it is a very asia focused business with increases in africa.hina is talking about a new normal over the weekend. thisre you looking at attempt by the chinese government to slow down in a controlled way their economy? how do you evaluate their chances of success? >> we are pretty optimistic that the chinese will be able to do that. slowing down to them mean 7.5% growth. europe orthe same u.k. that we are used to. we do have enough tools to successfully manage the economy going forward around the level. 3.5%ink we're looking at growth locally. the linkagesaluate between emerging markets and developing markets? you seen emerging markets have the kind of tick up for global growth. how they see things developing now? >> is good to have a broad-based economy. europe is surprise on the upside recently. like liverpool football club, we did better than we thought third we're looking at over three percent growth potential in the u.k.. we didn't imagine that a year ago. a strong europe, a stronger u.s. is good for a more balanced economy going forward. an

naval fleets will be in asia for humanitarian purposes they say well it's wheat from b.b.c. us president barack obama assures japan disputed islands covered by bilateral defense treaty so there he is in japan last week and he was trying to basically saber rattle he was trying to. call a saber rattling over these uninhabited islands an uninhabited island out in the middle of the east china sea to comes along to i think down the canal i can hear the barge no. chicken so much. anyway the asia pivot is what these sequel to the failed war on terror is i mean it's pivoting from the war on terror which was a hoax to begin with as just a way to make a lot of people lot of money for no particular reason to asia and the ukraine i mean is that what it's all about i mean there's always pivoting from well from the analysis i've read in the mainstream media here what they consider pro-american they think this is a good thing because they say america is the declining empire and all of the power wealth is moving to the east so it makes sense for the america to go there to secure those asset

about the asia pacific region. we cover from hollywood to hollywood and from penguins to polar bears because we have both regions from the indian to pakistan the pakistan border. the other thing i would like to thank is after march was over, i openly admit that there are pictures and i've tried to burn them bring them all and i haven't been successful as of yet. and i did not do well in this topic, i will do a couple of things, but i would like to first expose your questions. and i truly believe the amount of time i have spent has been a greater portion of my career. that this really is the country and the united states. secretary clinton said it was even used in the late '90s in a pbs special. but it really is part of the united states. and i think everyone pretty much knows the importance of the united states and i don't think it can be overstated. it is everything that is incorporated as part of that. and this is precisely part of the economies that are addressing this in the asia pacific region. japan, india, a

southeast asia has about 2. ec is 12, uk is 2. you can see a scenario where asia gets 70% to 80%.hat's absolutely possible. with the balance coming from the u.s. and parts of the world. i think the rise of asia in our numbers is inabsorbable. 1.5 trillion growing at 10%, so that's going to play a role if you look five, ten years down the road, which is what we need to do in the long-term business. asia will be very strong. the u.s., we are not a big player in the u.s. but if you are a reasonable -- you get quite big. >> it's a big market. >> exactly. it's just a big market. our u.s. numbers were 1.3 billion in 2014. i always say never bet against the u.s. economy. it's a good part of the world to be exposed to. we like that balance. from time to time, we get criticized. when things get tough, everybody is happy that we have the diverse fiction. >> with these numbers and this sort of growth, you know, are we going to get nice annual rises in the dividend that are sort of a long way ahead of inflation? >> it's tempting to answer that. the dividend is a bold decision as you run the c

asia pacific markets.t we've got ahead of all those earnings over the course of the week. ng sang -- tseng, it was weaker than expected and really made the situation worse was that the previous month's number was revised lower. the con drax for the chinese economy has been worse. shanghai also feeling it there as well. the taiex indeed and we're seeing some weakness in manila and taipei. >> this is designed to increase communication between employees but one advertising took a step forward by sitting everybody at the same able to. here's what could be the world's ongest desk. >> when i was growing up, i never thought i would have the biggest desk or that a main desk would be the main character of an office. barbarian group has a real community feel. it's like joining a club. and we thought about what would this need to be, we wanted the desk to be its own character. >> your first view into the space are that people working in a table. it's climbing up and down. >> it curves and it moves in different ways a

once finalized, it will link russia's huge gas fields to asia's booming market for the first time.t also gives president clinton a little at a time when the eu and the u.s. are seeking sanctions. dawson also gives president -- putin agives president lift. >> the two sides fought several years ago but now they are friends. to feel that growing friendship, the big deal the countries have ever cut. china will buy hundreds of billions of dollars worth of gas. they celebrated. vladimir cute and delighted. lookedimir putin delighted. the bargaining has taken 10 years. the leaders met at the security summit in shanghai. both china and russia feel under increasing pressure from the west and it might be the final nudge to do their deal. the two sides share common interests. china needs to secure new sources of energy to be sure it can power its growing economy. notminder that they would -- that they want clean fuel. >> this benefits because they need to abide. we have an economic partnership. >> the deal will not affect russia's energy supplies to europe. this will come from new fields in s

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