. ♪ ] >> and this is "asia edge."sual -- and official review of the sydni see them -- of the sydni -- [indiscernible] the review said australia's justice policies should be updated. >> clearing up after the weekend. a category five system across the coast brought a strong winds and torrential rains. more than 1500 homes were damaged. the effects were felt in the state capital. the world cup game -- >> the indian prime minister modi is cracking down on corporate espionage. working with some of the biggest companies and were arrested and a police sting operation involving stolen the government documents. seven more were detained. some other big names whose companies are being investigated include india's richest man and his -- india stocks and currency are among the best performers. joining me and john are a chief asian economist. when you take a look at what modi has delivered in term of the budget, expected to be mind blowing really for the market. do you hold it in such high regard? >> end of why he was elected. a ga

in asia.nce you are seeing between south korea's seoul and everybody else? emergence -- wide divergence. it is interesting. one we see doing particularly , they have had time to develop coherent strategies and see those strategies through. in the middle ground, we see the very large, very rapid growth like taipei. and then we see cities more in southeast asia where there is growth, but it has been less planned than it might have been. >> more organic growth rather than structured growth. what is south korea doing right and can it be emulated and should it be emulated by other cities? >> absolutely. in doing the background reading, south korea started to make a change. there was a tipping point. people started to believe in what south korea could do. a set of policies were developed and it was not just about the buildings but the governance, the strategies. from that point onwards, great transportation infrastructure, great education, great health toe all help to bring seoul the top of the tabl

asia edge is next. ♪ . . >> it is the middle of the asia-pacific trading day.live and this is "asia edge." crude maintaining last week's gains. weak data from the u.s. and china bringing down equity markets. hsbc's swiss division is accused of helping. tax rate -- helping dodge tax. and have it survives. >> coming up this hour, x minus m may no longer be the formula for the growth that countries pursue at all costs. plus, the good, the bad, and the ugly. we are going to take a look at sustainable urban living in the 21st country. which asian cities would want it and which get the thumbs down? and hubert and cottage cheese go first class. find out why consumers on both sides of the pacific might have to pay a little more. all that and more in this monday edition of "asia edge." >> im keeping my eye on the markets as we kick off the new trading week. as you can see, most of the region in red for the first trading session. spooking

asia is also home to the worst performers.king a look at why hong kong wins applause while comes down for jakarta. >> jakarta has one of the fastest-growing urban populations in the world. according to consultants here the city is not keeping up. it ranks jakarta 45 out of 50 cities surveyed for sustainability. it did well on air quality, price of property, and literacy. the shortage for clean water especially in slums like these. new the percent of households in jakarta to not have access to safe water for cooking and drinking. under the president the goal is to have access to clean water for all by 2019. nearly 58 billion u.s. dollars in the next five years. hong kong made it to the top 10 coming in at number eight. the city is often dismissed as an urban jungle. but it at -- it offers the greatest percentage of accessible green space of all the cities in asia. it also fared well on education and life expectancy. one of the best places to do business. however, there is more work-life balance work hours are about 20% longer t

laos is landlocked between five countries at the cross-roads of southeast asia.toms and immigration at each border have become crowded with people and vehicles transporting goods. the number of tourists to the country has also jumped fourfold in the last decade. >> i'm from singapore. i don't understand thai. >> for members of the asean economic community, most tariffs and visa requirements are expected to be lifted later this year. laos has been busily establishing transportation networks and special economic zones. exports have already surged more than sixfold compared with 2004. while imports have jumped more than fourfold. the laotian capital of vientiane is visibly changing amidst the development. foreign-owned office buildings and shopping malls are now a common sight around the city. the most conspicuous are companies from vietnam. laos's largest investor. sisangvone road in northeastern vientane has seen a surge in vietnamese residents over the past ten years. vietnamese working for vietnamese firms and on construction sites were the first migrants here.

you are watching asia edge. >> a move for it ins to asia stocks -- asian stocks. even more mobile. rumors that apple is protesting a new -- road testing a new product. >> gross below estimates, james baker joining us from japan. still a long way to go. >> that is right, the economy return to growth last year annualized growth was 2.2%. what that meant is the economy did not grow in 2014, growth was. zero. the recession is over but it is looking weak. business investment data is nonexistent, no investment in japan for six months according to gdp data. overall it is good that the economy is back on growth but not a great set of numbers, and definitely lower than most economists were forecasting. >> i guess we are going to try to get to why we saw this fall -- not this fall but slower growth this year. >> partly it is the story that has been the story of april, consumption time increase -- tax increase. consumption has been slow, real wages are falling. inflation is coming into purchasing power meaning they are spending less and not making big juices, car purchases -- big purchases, c

down overall, it is an update on the -- across the asia-pacific. that is how asia looks.ill be back later on with what is happening with the markets. right to you. greek government walking a new high wire. prime minister alexis tsipras has to come up with financial measures that will satisfy the country's creditors and the anti-austerity party. john dawson is with us now. >> he got into the government on the promise of no more troika and no more bailout. friday, an extension to the bailout. they are under that inspection criteria. that is crucial. the backlash in greece is quite intense for him. tsipras, it is, as he says right now, a bit of a victory. >> we want to battle, but not the war. the real difficulties, including those related to the negotiations in our relationship with our partners, are still ahead. >> the extension to what was already there before. the concern going forward is how the greek people will react to this. a resistance fighter and veteran talked about how it has been an illusion for the greek people to be involved in the cerise a iza party.yr >> a

all the asia fallout.wo large corporate investigations, and there is an fx story, macro, based on the biggest economic story. also -- >> djokovic? >> andy murray capitulation. 6-0 in the final set. chinese -- of course, hsbc, non-pmi figures coming out, an indication after the weekend's for reading on the chinese economy. further evidence of the chinese economy slowing. of course, djokovic. " is done.up have a great day. ♪ >> a very good morning to you. i am john dawson, and we are "on the move." developing story, trouble at chinese property firm kaisa. the ceo has quit. greece wants help for the banks but says no more aid for now. pole reversal. the queensland to feed be a career-defining moment. first, the first

. >> hello, you're watching "asia biz forecast." we begin with a tale of two economic giants, china and india. surprising news on who is growing the fastest. economists had been predicting that next year the takeover from china as the pace setter in global growth but according to officials their economy is r already expanding at a faster rate than china's. officials in beijing also released a batch of new numbers. trade data for january disappointed analysts. many expected robust from the united states and other markets to push experts higher. but they fell by 3% from year earlier and imports tumbled by 19% on slumping demand from coil, oil and other commodities. next came the consumer price index that showed prices ticked up .8%, the slowest pace in over five years and producer prices slumped by more than 4%. economists interpret the numbers as evidence of weak demand. local governments in china have published growth targets. most of these figures are lower than last year's. for example, two provinces cut targets to the 6% level th

por lo menos 23 personas murieron al caer un avin de tran-asia airways...a capital de taiwan...... --- la nave se precipit golpeando una autopista y luego cay sobre el torrente con 58 personas a bordo... juan fran - vo --- la nave cubra la ruta entre ''taipei'' y ''kinmen'' y tras el accidente 15 personas fueron rescatadas.. --- de acuerdo con las autoridades hay 20 desaparecidos que se cree estaran atrapados en la nave.. ---la mayora de los turistas eran procedentes de la provincia de fujian... --- segn funcionarios areos el avin haba pasado una inspeccin el pasado 26 de enero.. lorena/two shots --- este accidente es la quinta tragedia area que afecta a una aerolnea del continente asitico... lorena/take vobox 1 --- como recordarn en diciembre pasado... un avin de ''air asia'' se precipit sobre el mar ''java'' con 162 personas a bordo...ninguno sobrevivi... lorena/vo2 ---en julio del año pasado 48 pasajeros murieron cuando la aeronave de ''trans-asia'' se estrell contra viviendas en una isla de taiwan... juanfra/take vobox3 --- dias antes de esta tragedia..

and more tourists from southeast asia and australia are staying at japanese ski resorts. tourism officials say they expect a sharp rise in visitors during the lunar new year holiday this month. >>> all right. that is going to wrap it up for biz tonight. let's get a check of the markets. >>> journalists who risk their lives to cover conflicts have gathered in tokyo to share their experiences. and they remembered some of their colleagues including the freelance journalist kenji goto. nhk world's keiko yamamoto has more. >> reporter: kenji goto covered numerous wars over his career. he described how vulnerable ordinary people in war. especially children. and the high price they often pay. goto eventually traveled to syria, and was captured by islamic state militants. last month, they claimed they had killed him. another freelance journalist yamamoto died in a shoot-out three years ago. she had also gone to syria to cover the civil war. her reporting shed light on the lives of people living in conflict zones. participants in the symposium who knew yamamoto and goto spoke abou

in this episode of "asia insight," we follow the ongoing efforts to turn laos into a major exporter ofrganic produce. vientiane, to capital of laos. a market in the city is bustling with shoppers. it's held three times a week and farmers here sell nothing but organic vegetables. these vegetables are grown without the use of agrochemicals. compared to other produce, organic vegetables are said to be more nutritious which is why they are richer in color. leafy vegetables have thicker stalks and remain juicy and fresh even after they are picked. laos is one of the poorest countries in asia but the economy has been expanding resulting if larger middle and wealthy class. they are concerned about their health and will pay as much as 20% more to purchase organic vegetables. the market, apparently, always sells out. the farmers wear green polo shirts as they work. the shirts identify them as officially accredited organic farmers. only certified farmers are allowed to participate. organic markets are supported by the government. 80% of the country's population is involved inning a gagricult e a

as for the predatory traders of europe or asia, who have targeted this or that american industry forumping and destruction, if i am elected they will find themselves on a collision course with the president of the united states. [applause] when we say we will put america first, we mean also that our judeo-christian values are going to be preserved, and our western -- [applause] and our western heritage is going to be handed down to future generations, not dumped onto some land fill called multi-culturalism. [applause] at the root of america's social crisis -- be it aids, ethnic hatred, crime or the social decomposition of our cities -- lies a spiritual crisis. solzhenitsyn was right. men have forgotten god. not in not in the redistribution of wealth, but in the words of the old and new testament will be found not only salvation, but the cure for a society suffering a chronic moral sickness. but as we search for the answers we all used to know, we need to take back our streets from the criminals. [applause]

---la oficina de prensa de trans-asia no ha hecho comentarios sobre los posibles motivos del accidenteo indicaron que mas adelante tendran una rueda de prensa con detalles. facebook katherine katherine ---este es el segundo atr 72 de fabricacion francesa de trans-asia que se estrella en el ultimo aÑo... el pasado julio otro avion de la aerolinea taiwanesa choc cuando intentaba aterrizar en la isla de penghu matando a 48 personas e hiriendo a otras diez durante un tifn por motivos que aun se estan investigando... lorena/ots ---en concord una riña entre dos sujetos termin con una persona take vo herida de bala... ---el incidente ocurri ayer alrededor de las 3 y 30 de la tarde entre las calles ''clayton '' e ''ignacio valley''... ---la polica indic que la vctima caminaba con un amigo cuando tuvo un altercado verbal con otro hombre la situacin escal a mayores entonces el sujeto sac un arma y le dispar a sangre fria... ---el sospechoso fue descrito como de tez blanca o hispano de entre 18 y 25 aÑos de edad mide unos 5 pies y 11 pulgadas de estatura complexin mediana.. en el momento del ataq

southeast asia's largest economy grew 5.02% last year. a pretty good pace for many other companies but not ind n r indonesia. it was the slowest expansion in five years. faced with slowdown, bank indonesia is pulling on all levers to revive growth. central bank officials predict the economy will gain momentum growing 5.8%. they also think inflation will remain under control ranging from 3-5%. policymakers at bank of korea met on the same day. they left their key rate unchanged. their rate is sitting at a record low of 2%. this marks the fourth straight month the bank decided to stay the course. central bank governor is guarded about the economic outlook. asked if he's as optimist k as he was in january, he said he needs more time to think. that's got many in the market speculating. there's talk bank of korea will move to trend its policy rate in the near future. >>> for a look at other stories making headlines around the region, we start with the postal company sealing a deal in australia. >> officials from japan post say they have agreed

the long-standing tensions from the past and the rapid changes in asia, and the continuing need for the stabilizing role of the united states in that region. which are so important to the future. the continuing imperative to counter the use of weapons of mass destruction. and new dangers and new domains like cyber, as noted by senator reid. strategy. strategy needs to keep all these problems in perspective. and to craft lasting approaches to each of them. i have promised president obama that if i am confirmed, i will furnish him my most candid strategic advice. in formulating that advice, i intend to confer widely among civilian and military leaders including on this committee. experts and foreign partners, and when the president makes a decision, i will also ensure that the department of defense implements it with its long admired excellence. i will also ensure that the president received candid professional military advice. this is not only consonant with the law as vin in this country committee but with good sense. since our military leaders possess wide and deep experience and exper

asia will be closed. it is still

my vision is 33% in america and 33% in asia.son why we want to diverse fight and making acquisitions in the americas and in china because china is of course the biggest economy in the world. >> making those acquisitions with china and you think despite the slow down, the overall economy is getting bigger and bigger and that is the place to be right now? >> yes, for sure. when you think about the chinese economy today and even if it is slowing down,'s hill at 30%. -- it is still at 30%. the highest gdp around the world. they want more, and this is what it is about. >> a very quick question. we will see the indiana budget come out. mr. modi's first series attempt to lay out plans. would you look at that as being number two in china of where you want to position yourself? >> we are a leader in india so we can see both in construction. i visited india just three weeks ago and i was very pleased to see it is doing extremely well. >> thank you so much. didier micharud-daniel the ceo of bureau veritas. >> stay with us to find out why t

this is the first option here in asia.s than a curious time when bordeaux prices are at about 40% of their high. with speculators out of the market, only serious players are left in the game. >> weather in hong kong, china, singapore, the philippines, you name it. there are a lot of wine collectors now. huge, long-term wine collectors. we want to reach out to these people. >> is a little bit of the market maturing on the one hand to the kind of disillusionment with the top expensive bordeaux's and their prices. it is an intelligence about not spending so much on very expensive items and being more conservative in this economic mood. >> if they do spend, many are opting for burgundy. last year it exceeded bordeaux in market share at global auction. people have -- >> people have been drinking bordeaux for a long time. they think urgency is -- they think burgundy is the new trend. >> sotherby's says bordeaux will get its crown back. winemakers see possibilities opening up elsewhere. rothschild says myanmar is the young market

these are the last few seconds of trans asia flight 259. this dash-cam video catching the plane dipping its left wing during the deadly decent reece cue workers used deflatable boats to rescue people. it went through a safety check on january 26th authorities say the flight was headed to nearby islands and gained attitude but not speed and crashed after takeoff and the pilot quickly radios that it lost an engine. >> an airplane is a metallic egg shell, if you smack a bridge with it it will break apart and do terrible damage to anybody in the back part of the airplane. >> this is the second crash for air asia this year the black box is now recovered. >> as for the pilot officials say he had more than 4400 hours of flying time and the copilot more than 6,000 hours for channel 6 "action news," back to you. >> thank you for that report. the "action news" facebook page posted the amazing video of this plane crash and the details on the search for survivors this morning. to make sure you get breaking news and videos you need to like our facebook

showing up remains vital especially in asia. the constant drum beat to deal with the crisis du jour fails to recognize opportunity costs. every day spent on one more band of thugs in the middle east is a day that cannot be spent on india or mexico. asia latin america, and africa are all moving in the right direction. but these trends are not automatic or self-sustaining. they require washington to be engaged and assertive and also need a political and media climate in which the urgent does not always trump the important. for more go to cnn.com/fareed and read my "washington post" column this week. let's get started with my interview with president obama. ♪ ♪ >> mr. president, honor to have you. >> good to see you, fareed. >> lintsy graham says he's bothered about the fact that you won't admit we're in a religious war. there are others who say the white house takes pains to avoid using the term "islamist terrorists." my question to you, are we in a war with radical islam? >> i think the way to understand this is there is an eleme

that is what asia basically woke up to. kicking off a new trading month, take a look at what is happening with the nikkei 225. i will get to why a lot of these stocks rising. we are down about 1%. dollar-yen at a three-week low. the yen is stronger against its u.s. counterpart, despite the fact we have the u.s. dollar strengthening against most other currencies. some safe haven plays. a lot of eco-data coming out. china adding to the woes pmi unexpectedly drop into 49.8. we were expecting to see a slowdown. data suggest that the first quarter, we will see a little bit of pain in china. south korea, we are flat right now. the trade surplus falling. we are looking at $7.2 billion, still a hefty amount for the current account. of course, we have inflation. this disinflation bug is expected to still reflect on those numbers. .3% for thailand. 7.5% for indonesia. in australia, what we have? up about 6/10 of one thing percent. we have the rba decision tomorrow. it is a fairly complex one to call. you still have a majority of econ

in asia australian shares are trading -- let's see what's happening.e are seeing flat moves in australia, up just a touch. south korean stocks extending gains for a fifth straight session. china will open on wednesday after the lunar new year holidays. >>> the people at japanese firm hitachi are laying the tracks for a push into overseas markets. they're set to buy the rail car and signaling units of italian industrial group fin mechanica. sources say executives at the firms have reached a basic agreement. they say the deal will likely exceed $2 billion. hitachi executives expect the takeover will more than double revenue from their rail business to about $3.4 billion a year. they're expected to wrap up the deal soon. the executives are banking on rail technology to accelerate their expansion plans. they've already clinched a deal to build train cars for a high-speed rail network in britain. >>> executives at japanese chemical maker asahi kasei are to expand their storage battery business. they say they'll buy a u.s. firm that makes a key component for

must lead in setting trade rules in the asia pacific region.nd he says the trans-pacific partnership free trade agreement is a way to do this. the president discusses these issues in his annual economic report to congress. 12 countries, including the u.s. and japan, are negotiating the tpp. the report notes that the asia pacific region's growing middle class is an important market for expanding u.s. exports. it says comprehensive trade agreements like the tpp offer the u.s. a way to shape the rules of globalization in the bestnterests of american workers and firms. the report warns that failure to secure a tpp agreement will allow other countries to set global trade rules that would likely be adverse to u.s. interests. >>> china's lenovo the world's largest pcmaker, has admitted shipping laptops preinstalled with controversial software. cybersecurity experts say the software could make information on laptops vulnerable to hackers. officials at lenovo group say that between september and december last year the firm shipped worldwide more than 40

presence in the asia-pacific. it is america's commitment to the region that has done so much to ensure peace and prosperity over the last seven decades. we have an opportunity today to put in place policies that will allow this presence to endure for another seven decades and beyond. this is an important book by a serious thinker in the field, and his recommendations offer must for poll so imakers to consider. i thank you for allowing me to share a few thoughts with you and i thank mike pillsbury for this invaluable contribution. [applause] >> i would like michael pillsbury to start off with a few remarks about his book. as i see it, michael the critical question in your book is a discussion of the china dream, and how the u.s. may have wittingly or unwittingly, helped fulfill that dream. i think a good starting point for your conversation with us would be describing the china as you see it, as you have understood it over the years, and also to answer the critical question that your book attempts to answer which i

and large areas of the world from central asia to east africa from anatolia to china a large number of people kept themselves busy growing spinning and weaving cotton. it was indeed the central importance of cotton previous to the industrial revolution that eventually motivated drastic improvements in its production techniques. very large markets existed before the industrial revolution of the 1780s and the possibilities for-profit seemed unending for anybody engaging in the manufacture of cotton textiles and new and productive ways. as a result the cotton industry was at this center and was always in cotton's. during the 19th century there was no industry that employ as many people as the cotton industry and its enough huge swaths of united states from the slave plantations of the south to the industrial cities of new england were dominated by cotton cotton. the advent of mechanized cotton production in many ways was assembled of countries entering the modern world a world that is recognizable to us today. as a result no other manufactured goods stood at the cradle of so many revoluti

how do you understand as a prospective secretary of defense, the rebalancing to the asia pacific will actually work? and can we afford to move resources from -- from europe and the middle east to the asia pacific, given the circumstances that we see today in 2015? >> thank you. thank you for that question. the rebalance to the asia pacific region as the term goes is, in my eyes, a commitment to continue the pivotal american military role in the asia pacific theater which has kept peace and stability there for decades now. it has been that american underwritten peace and stability in a region where there's still many historical animosities, and unhealed wounds of the past it is that stability underwritten by the united states that has allowed the japanese miracle and the south korean miracle, and the southeast asian miracle, and today the chinese and indian miracle. it is thanks to us that that environment has been created. and in a sentence i think the rebalance is a commitment to keep that going. now you asked can we do that? and keep our commitments in the middle east, and to europe

how do you understand as a prospective secretary of defense, the rebalancing to the asia pacific will actually work? and can we afford to move resources from -- from europe and the middle east to the asia pacific, given the circumstances that we see today in 2015? >> thank you. thank you for that question. the rebalance to the asia pacific region as the term goes is, in my eyes, a commitment to continue the pivotal american military role in the asia pacific theater which has kept peace and stability there for decades now. it has been that american underwritten peace and stability in a region where there's still many historical animosities, and unhealed wounds of the past it is that stability underwritten by the united states that has allowed the japanese miracle and the south korean miracle, and the southeast asian miracle, and today the chinese and indian miracle. it is thanks to us that that environment has been created. and in a sentence i think the rebalance is a commitment to keep that going. now you asked can we do that? and keep our commitments in the middle east, and to europe

greater attention to south asia as well. . india is, in my view, destined to be a strategic partner of the united states. it's a large democracy shares a lot of our political values and values of pluralism so i think that destiny will bring us together but i'm for hastening that. in the military area and the defense cooperation and technology cooperation areas i think there's a great deal that we can do with india. if i'm confirmed i would take a strong interest in doing that. >> thank you. do you view u.s. energy security as a vital component to our overall national security, and clearly on the military side? what role if any, do you believe that the department of defense has in supporting efforts to increase u.s. energy security? >> i think energy security is an important part of national security. the defense department does play a role not a central role but a role in energy security. i think every dollar we spend of the defense budget we need to be able to justify on defense grounds, and we make some investments in energy

asia bibi a christian farm worker, has been on death row for almost five years. they agreed to speak to us but asked not to show their faces. >> translator: we get death threats. we can't stay in one place for very long. we live in hiding. it's very hard especially for the children. it's not a normal life to be constantly living in fear. >> reporter: asia's struggles began when she was picking berries in her village. she had an argument with a group of muslim women when she went to get water from the well. they said the water was unclean because a christian woman had touched it. days later, the women claimed she insulted the prophet muhammad and she was pursued by a mob. her 14-year-old daughter remembers the day. >> translator: they went to the fields and beat her and tore her clothes. they beat her in front of us. we were crying begging them to let her to go and stop hitting her. >> reporter: when all of this was happening, did you understand that your mother was accused of blasphemy? >> translator: i couldn't understand what it was all about and why it was hap

the extraordinary scene captured by tvbs shows trans asia flight 235 shortly after take off. the plane tilting over an elevated highway, slamming into a barrier and then crushing a taxi passing below, the twin engine turboprop then crash landed in to the river. fifty-eight passenger and crew were on board, including four children. rescue workers used inflatable boats to pull survivor to safety. investigators say that the trans asia flight gained at dude but not speed and then crashed less than three minutes after lift off. the the pilot quickly radioing in that he lost an engine. >> unaudible. >> an air liner of any size, a egg sol. when used as a design it is strong but you smack a bridge with it, it will come apart and do terrible damage to anybody in the back portion of the airplane. >> reporter: more than a hundred first responders rush to the scene. crews work in the night to, pull the wreckage from the river and look for passengers who were listed as missing. family members left angry, and distraught. meantime, the the plane's flight and voice data recorders have been r

♪ ♪ >>> bangladesh is one of asia's poorest nations.king cheap labor, more and more overseas corporations are setting up clothing production bases here. such rapid economic development has spread right across bangladesh, leading to a boom in construction. demand for domestically produced brick has surged, and now between 10,000 and 20,000 kilns operate in bangladesh around the clock. brick production continues to grow. providing struggling farmers with another source of work, leading to extra cash income. in this episode of "asia insight," we take a look at the people behind an economy that is at last beginning to take off. dhaka, the capital of bangladesh, is known as the world's most densely populated city. the country's population has soared to more than 14 million and increases by tens of thousands every year. the bustling port to the south of the city is dhaka's gateway, connecting it to rural areas. second or third-born sons of farmers who have no land of their own come in search of work. in the past decade bangladesh has enjoyed

that's not just in asia. that's around the world.ally a system that's more stressed than ever before. so it's too much of a jump to say it's not safe it fly in asia. i wouldn't say that at all. because some of the safety reports over there are among the best in the world. i would say we're seeing perhaps some signs of stress on the system in terms of all of the new planes and carriers that have come into the system over the last several years. >> yes. it's heartbreaking video to watch there, phil. let's move on. there's no way to transition it. let's talk about general motors and the quarter. it was not own i a great quarter but as i sent out to the team in an e-mail this morning, this is one of the few times recently we've seen a big company doing right by the workers, at least in the short term, spreading the wealth around. >> right. you're talking about the profit sharing. it's going to be $9,000 per uaw worker. that's worked out in advance in the contracts. when you look at the fourth quarter for general motors, they did better t

the rebalance to the asia pacific region as the term goes is in my eyes a commitment to continue the pivotal american military role in the asia pacific theater which has kept peace and stability there for decades now. it has been that american underwritten piece and stability in a region where there is still many historical animosities and unhealed wounds of the past, it is that stability underwritten by the united states that has allowed the japanese miracle the south korean miracle the southeast asian miracle and today the chinese and indian miracle. it is thanks to us that that environment has been created. and in a sentencese, i think the rebalance is a commitment to keep that going. you ask can we do that and keep our commitments in the middle east and to europe at the same time. and my view is that we can and must. and let me say why that's possible. i think that while isil and events in ukraine are terribly important in their own regard and require a lot of attention and take a lot of attention, they're on the television, they're in the headlines and so forth from the asia pac

the threats and south asia afghanistan and the borders of pakistan. we need to further cement and further coordinate our efforts for the mopping up operation, so as to say. and we must not repeat the mistakes of the 1990's when the united states and the international community after the defeat of the soviet union left a huge vacuum in afghanistan and south asia enabling the militants to occupy the place. that vacuum under no condition must be left open. it is important for us to learn from our mistakes and it's important for us to learn from our history. it is important not to underestimate or overestimate the threat from the extremists and from the militants. i think it's not just pakistan. internationally, i see a grand coalition and a grand consensus building up over the cruelty that are the militant groups. i think we need to work together hand-in-hand, brick and mortar right in the nitty-gritty we need to work together as member states of the international community, as allies and as part of the civilized world to try to eliminate the scourge of

and the rest of the asia. government officials will release official gdp figures later in the month. now let's take a look at markets. investors on wall street took comfort from a rebound in crude oil prices. u.s. share prices ended higher and people in tokyo followed that trend in initial trading. the nikkei did open half a percent higher but is trading in the negative down by a tenth of a percent. oil-related shares are being bought but trading momentum overall, is a bit weak. >>> lower than expected data on u.s. manufacturing and consumer spending are weighing on market sentiment. we are seeing little movement in the currency pairs, dollar slightly lower against the yen, in the lower 117 range. the focus now is on the australian central bank. many investors expect policy makers there to announce a cut in the key interest rate after wrapping up their meeting later in the day. the aussie dollar is range bond against the u.s. dollar hovering at .078. the benchmark index has gone up nine days in a row through m

the philippines can also lower labor costs compared to most other asia nations. and the high birthrate meant there were no concerns of a labor shortage any time soon. so the economy grew by more than 7% last year. business in the local shopping center near to this factory district has begun to expand. moegs of these eat ris used to close at 9:00 p.m., but now they stay open all night. the search has seen a huge increase in customer who is eat late. cab and penny c drivers also come here eat. >> it's 10:30 and the first round of profitable time slots for this noodle shop has just befun. this shop specializes in a local noodle soup dish called mame. at around 50 yents a serving, the dish is also a popular takeout food. >> this lady is off to have a drink and ebb joy the noodles with her colleagues. the store quickly fills up and 50 servings of mame are sold in under min you wills. shi opened the store about 10 years ago. her full scale, late-night operations started three years ago. her seven daughters work as her staff. the family lives in the same building as the

sales in asia dragged down results.he company is replacing its ceo and they reported a worse than estimated the klein. how bad was it? sales fell 4.8%. that is more than the 1.2% decline expected. this failed to offset the big problem. the region includes asia, the middle east, and africa, launched almost 13%. to quote an analyst, i do not think we will see a major bounceback. it is a competitive market. the fast food chain has suffered a series of well-known set asked which included a rationing of french fries in japan and a scandal involving a meat supplier repackaging old meet. the problem has taken a heavy toll in japan where the company lost 186 million in 2014. sales plunged 9% in january marking the 12th straight month of decline. >> digital pics time. caroline is here. a special treat for me. >> it is a great piece. it is an excerpt from "bloomberg west." 9600, that was the square foot that mark zuckerberg had to buy of the plot behind him that a developer threatened to build a mansion on. it would actually see

that and more in this tuesday edition of "asia edge." >> a cautious day after talks between greece and europe. another market in the red down for 10th of a percent and now a fourth quarter gdp beat estimates, growing 2.1%. europe bonds lower than the quarter. chinese stocks extending their around and doing good. shanghai up 8/10 of a percent. shanghai composite up for seven straight days. the highest level since the end of last month. china's january property prices falling a bit less than in december. i tell you which stocks are moving later in the program. to our top story. the debt drama in greece. creditors talks collapsed in brussels. finance minister said that greece refused to be considered a debt colony but said he does expect some sort of agreement this week. the greek government wants its current bailout program scrapped and is seeking an $11 bridge -- $11 million bridge loan instead. josh, we will hear from you in a moment. let's hear from the main players first. >> in the history of the european union nothing good has come out of ultimatum. we proceed from crisis to crisis

asia policy ctr. as many of you no it is a long-standing expert on east asia policy both as a practitioner and then in the us government largely on taiwan issues and has been hear at brookings for about 15 years working on east asian security. one of the most prolific and rigorous and careful and thoughtful scholars on the entire region. next to him the center on china studies. a former us government official based in beijing for a number of years with the u.s. treasury as a lead economic and finance person. prior to his service in the us government he worked for the world bank including a long stint on and in china with the world bank as well. so he we will be particularly helpful in thinking through the question of where is china headed in terms of the economy which is the foundation for national power for military capability, high technology production of weaponry and for the sins that china's rise create throughout the region of the world just where is this country headed and to what extent is the

that makes him comfortably, asia's richest person. thank you for listing all of the newest billionaires. checking in on other stories making headlines, sony plans to focus on several key areas over the next three years. the company will prioritize its devices unit along with its games and entertainment operations. sony posted month, its best quarterly profit in a seven years with its devices unit as a biggest contributor. sony is slightly lower at the opening, went 5% down. executives from lg have been charged with analyzing products made by samsung. -- the analyzing products made by samsung. damagingshow them $2000 washington machines -- washing machines. the executives are still employees but declined to make them available for comment. the global commodity slump is hitting ford with profit plunging 81% in the first half of the company. the fortis skew is still planning to raise production this year despite having its capital spending plans. up, creditors talk write-downs. action says europe's they'll out is unacceptable. what is ne

now in asia you have air asia, you've got tiger, you've got scoot.. so asia is catching up maybe 20 30 40 years behind. and the issue is whether infrastructure training capabilities experience whether these have kept up. and airlines will not admit it publicly. and many officials will not say it openly. but there is a view that the quality of airmanship in emergency situations -- >> is not as good as it perhaps might be. the planes are built to be flown by the medium to average to lower average. they are not built -- >> that's shocking. >> well that's the reality of the world. airbus and boeing build planes to be flown by pilots that may not be first-class. >> that doesn't make me feel good as a flyer, richard. >> it's a reality. in the same way that cars are built to be driven by the best drivers and the worst drivers. the issue becomes when a crisis happens how do they react. and that is the single biggest issue in aviation at the moment. >> let's talk about ratings, you pointed us to airline ratings.com. rate the airlines and to point out, because

. >> today the keywords in asia greece. a call for start on tuesday -- office start -- cautious start on tuesday after collapse. we do not have leads from wall street, it was closed on a public holiday so analysts are saying that europe is the focus. asian stocks retreat because of concerns over -- retreating as of concerns over greece, it has fallen the most last week. south korea came out with bb ok decision to keep rates unchanged at a record low of 2%. they have been trying to portrait prices and you can frustrate at a record -- push up prices. singapore down .3%, opening down although fourth-quarter gdp numbers beat analyst estimates but still lower than the third quarter so maybe that is taking a toll. japan nikkei down from a seven-year high because japan exited recession yesterday. we heard that the gdp grew at an annualized 2.2% in the three months in december -- ending in december. let's look at the yen, it has climbed against the dollar and euro and has games. -- gains. the boj, with the policy meeting, we will s

. >>> every morning investors turn our attention to asia. the tokyo market leads the way. and markets around the world follow. >> from the decisions that could change the course of an economy. >> to the companies at the forefront of change. >> up to the minute market reports. >> and analysis by specialists from around the world. >> get all the latest business news and insight every day, here on "newsline." >>> prosecutors in taiwan have indicted more than 100 people in connection with the occupation of the parliament building in taipei last year. the protesters consisted mostly of students. they hope to stop lawmakers of the ruling nationalist party from ratifying a trade deal with china. the three-week occupation began in march. the protesters were opposed to a service trade agreement with china signed in 2013. they said the pact threatens smaller businesses in taiwan. prosecutors announced on tuesday 119 people face charges for occupying buildings and obstructing official duties. the protests highlighted public anxiety over president ma ying-jeou's attempt to bring close