particularly when i look at asia. asia is rising.order for us to sustain the growth you spoke about, we need to really pull from talent pools that are broad talent pools and include what i consider to be an untapped pool in asia. which is, the pool of talented women that exist in this region. >> one final question, what you see at the biggest risk for your business? think we have great strategy, great products. it comes down to execution in the field and ensuring that we are able to clearly articulate the value that we deliver to our customers. >> all right, there you have it. happy international women's day to you. >> same to you. thank you. speaking with the president of asia pacific japan at sap. much more ahead on daybreak asia. wikileaks says the cia can hack into devices, including iphones and smart tvs. ♪ ask this is "daybreak: asia," i am yvonne in hong kong. >> i am betty liu in hong kong. the cia has the ability to hack into your smart phones and smart televisions to monitor your conversations and messages, according to wik

good morning, asia, hello world.you could join us for this monday at edition of asia business report. i am - hizon. it business report. i am rico hizon. it fist; business report. i am rico hizon. it is set to be a busy week. looking at what is on the news and business agenda and how this could impact the financial markets. the korean impeachment saga is set to continue this monday with prosecutors this monday withgmsecutgg- ex—president this monday withymsecutgg- ex—president park questioning ex—president park geun—hye. later on in the week, the general council of the european central bank meets on thursday with many expecting a potential rate rise and to round out the week the chinese premier, li keqiang, heads to australia on friday. earlier i discussed what we can expect from some of these stories with a market watcher. most of them are macro news, which tend to affect all the stocks in the markets when something happens. and what have seen in the risk environment has changed since the trump election. we used to wo

that's i feel about the u.s., asia, and southeast asia. india. given what happened today in india, the world needs to pay attention to southeast asia. you think about business opportunities and the southeast asia pacific. a wildcard is north korea for china now? the u.s. and japan and south korea, how do you see that playing out? have the right word, wildcard. who could have predicted what happened in that kuala lumpur airport. north korea will try to get attention. you saw it again earlier this week with more missiles flying out. luckily we are seeing a measured response from all the players. my gut is that china can't control north korea, but can bring pressure on north korea. we are starting to see some of that in terms of exports and what they're trying to do with her economic relationship with north korea. >> thank you for joining us. up, recordng household debt and a runaway property market. -- 20 on the plate. we will hear from him next. this is bloomberg. ♪ david: this is "bloomberg markets: asia" i am david ingles. speaking exclus

: asia".including janet yellen. springs eternal that we get clues and transparency as to the future of interest rate normalization and monetary policy in the u.s. china data, pmi numbers. we should get the first trading day for this property developer as well. betty: ok, you have a lot of guests to talk about all those issues. , dennis absolutely lockhart, former atlanta fed at 10:40. the crediting to suisse asia-pacific ceo about how the bank is seeking to double profits from this part of the world by 2018. how are they on track to do that? that is number of markets next. ♪ 9:00 a.m. in hong kong, midday in sydney, 9:00 p.m. in new york. i am haidi lun. rishaad: i am rishaad salamat coming to you from bloomberg's asian headquarters in hong kong. this is "bloomberg markets: asia." ♪ haidi: the yen triggers a selloff in japan at the start of a week that brings fed speeches and data from china. rishaad: hong kong waiting its first time share sale of the year. so far, guotai junan

people have a lot of love for it, in this region of asia. find ways to watch this stuff they like. the shows are not streamed as much anymore. yvonne: they will find a way. great to have you. you can turn to your bloomberg from our on this. you can get commentary and analysis from bloomberg's expert editors. betty: and we will be live to hear from a business leader, managing partner of delta capital. ♪ >> and this is "daybreak: asia," i am betty liu in new york. yvonne: and i am yvonne man in hong kong. coca-cola --d plans to boycott beverages made by the companies. complaints about groundwater. it will be announced next week. the call comes a week after neighbors stopped selling sodas made by coca-cola and pepsi. planning airways carrier to india, aiming for a bigger slice of the market. a 100o wants to launch strong fleet of airplanes. they tried to boost their presence by purchasing a stake. the latest attempts will not involve joint venture. >> bloomberg sources say that e.u. commissioner is seeking to reimpose fines of $850 million over

hello and welcome to this monday edition of asia business report, i'm sharanjit leyl. edition of asiainess report, i'm shara njit leyl. within edition of asia business report, i'm sharanjit leyl. within the next two months south korea will have a new president and that president will have a raft of economic challenges to deal with, the worsening of relations with china over a missile defence system is a big worry and what will candidates for the top job have to say about giant conglomerates like samsung, so tied up conglomerates like samsung, so tied up in the corruption scandal that brought down park geun—hye? the disgraced leader left the presidential house on sunday, two days after a court dismissed her of a corruption scandal. what will the next couple of months looked like for south korea politically and economically? here's the view our a nalyst. there's a lot of moving parts at the moment, the candidates, the leading candidates for the election, they have said they will hold that by the ninth of may, that's a positive outcome straightaway from the electoral commission. the lead

world coverage on daybreak asia.e will be live in tokyo with rex tillerson's tour of asia and beijing. movedl analyze the pboc's to raise rates. >> plus, we will be breaking down president trump's first budget. republicans and not happy about it, either. this is "bloomberg daybreak: asia," i am betty liu in new york. it is just after 7:00 p.m. >> it is just after 7:00 a.m. here in hong kong. i am in a man. what a week. at the central bank meetings, budget proposals, and a wild ride in oil. it is looking to be calm, so to speak. betty: calm or even a little bit of a dud right now in the u.s. it has people wondering, what is next? where do we go next in the markets? a little indication, stocks are slightly slower in asia. how are we shaping up? yvonne: post said it is a risk on, risk off feel two things. let's see how things are starting off. yields in the 10 year, the u.s. leading declines. index, more positivity, up 1/5 of 1%. we did get those pmi numbers out that were showing a rebound. we are seeing the kiwi dollar

yvonne: this is daybreak asia. betty: i am betty lou here in your. you are watching daybreak asia.o the first word news with paul allen. paul. early factory data from china shows the economy strengthening further. of view shared by smaller the mistake businesses and global finance. the confidence of small and medium-sized companies jumped higher for the first time in two years. the gauge of manufacturing activity remains equally robust. agrees, not everyone that the economy is improving. showserg intelligence players that china will -- sparking fears that china will overcome the progress. >> they have china debt that is unsustainable. the money supply in china is 23 million. in banks, 13 trillion. have another $10 trillion. so, thing, $2 trillion in the last year. paul: president trump is being urged to bring of experts when he meets china's leader for the first time. the national cattle and beef association once him to persuade the china leader to resume imports from the u.s. yearng lifted a ban last but the two sides have yet to agree to terms. some of the world's top miners have

lysing,asia is regional ,nd rcep is becoming a reality and asia will become a regional trading blockng up on the program, driving asia's best-performing stock, how apps such as cooper -- uber, youtube, facebook have given one telco company a boost. that is up next. this is bloomberg. ♪ asia's best-performing toco stock this year has enjoyed a boost from bluebird drivers and users of mobile phones. indonesia'sng about .l axiata group why? haslinda: it is all about data demand. engine of anyth telco companies business, and especially for xl axiata group. give attempting to users the fastest data in knee should. -- in indonesia. it has only 50% of market share. ,t's next biggest competitor its users pay 40% more on data consumption, so not surprising that investors are buying the story. take a look at this chart. of 42 percent today, outperforming its competitors, and clothing -- including china unicom and 5k telecom. it says it is no longer about providing the cheapest price. it is a balance between price and performance, and customers like uber drivers and millennials are willing to p

this is the second hour of "daybreak asia" coming to you from bloomberg's asia headquarters. am yvonne man. >> it's just after 7:00 p.m. in new york. i am betty liu. we are looking for fed chair janet yellen's discussion or talk tomorrow, but for the time being, we are watching how the japanese markets -- japanese markets are reacting, which shows that the jobs market is tight. up.ation seems to be taking it looks like a recovery is underway. a very slow grind. the household numbers, as we talked about, quite a miss, down 1.2%. with the dollar rising, i'm sure japan is happy with how that weaker yen is doing. sophie kamaruddin? weaker yen, giving the bank of japan some scope to be patient. japan has been the poster child for deflation, it's numbers given some impetus to the idea that it's jumping onto the global inflation bandwagon, but we have japanese shares marginally lower, down for the first day after the spectacular rise we saw on thursday with the topics and -- topix and nikkei 225 rising. we saw the highlight, the drop in household spending, which mabel's for the bank

in asia we have also seen a nice rally so far.ts were quite concerned about trump being elected last year, and hence more protectionism to come. it hasn't really materialised yet, so we have seen especially north asian equity markets, stock markets in china, taiwan or in hong kong rally quite a bit. we are still thinking these other regions investors should look at when talking about asia. very briefly, what are some of the risks in asia, closer to home? so protectionism is one of the key risks. we are not really talking about political risks any more but detection is in the form of trade restrictions could be one of the key risks looking forward. rising stress levels for our children are being blamed on all sorts of issues, from headaches to anxiety attacks, even suicide. aligned with this has been the rise in demand for classes teaching kids meditation and mindfulness. for the final story of how business of kids series, we found out more about this growing industry. when i came to the meditation lesson, it helped me so much. it

>> i think it will affect asia but i think asia has now a very large consuming class. generating its own demand. then new demand in the world is coming from developing economies, especially the ones in asia. withcould actually do more an asia itself but i do not think that is the best thing. there should be continued globalization, continuing a multilateral treaty system. help a perverse way, a get their innovation agenda. when you think about what is happening in technology, exports asia.he u.s., export into if all of a sudden that intellectual property should you would seee you next celebration of innovation and ingenuity within the asian population. they have the skill, the great schools. i would watch and see what would happen. >> just to reinforce that, one of the greatest factors around the world is the empowerment of the consumer. if you dig a little deeper, the empowerment of the asian consumer, is really rising. the asian consumer is fast becoming the most discriminating, monitor a bull -- monitorable consumer in the world. they have the spending power 10 year

this is daybreak asia.etty: we are watching live, iss is where premier li holding a news conference with prime minister turnbull. lots of in-depth, candid discussions, saying they both agree that they need to curtail north korea, cooperate to curtail north korea. they also did make some agreements on meat boards -- exports to china. shery: north korea is such an important issue, given china's influence over the country. those ballistic missile tests happening in the last few weeks. now we are hearing china's prime year that for me are held in-depth and candid talks with prime minister turnbull. turnbull now saying they will open a new consulate general in china, so they are trying to call for cooperation and those ties -- trying to boost to those ties. betty: and there is a quick line exportthis chilled meat is going to certainly help some of the companies that make this product. certainly watch that in the markets. stay with us on daybreak asia. singapore, half an hour from the start of the trading day. it

especially the ones in asia. asia could do more with an asia itself.o not think that is the best thing in the world. the world should continue with globalization and development of multinational treaty system. >> in a perverse way it could help with asia's innovation agenda. when you think about technology, it has been an import from the --. fundamentally -- fundamentally. if it was slow, i believe you would see an acceleration of innovation and ingenuity within the asian population. they have the skills, the great schools. i would watch and see what happens. >> to reinforce that, one of the factors is the empowerment of the consumer. if you dig deeper, it is the empowerment of the asian consumer that is rising. the asian consumer is fast becoming the most influential consumer. people have the money and spending power 10 years younger than they would have had in the west. we have a highly empowered consumer. i think a lot of new business models will evolve from that. these business models are not only applicable to asian markets but could be applicable

we are on central bank watch across southeast asia.flation has put them on watch to respond to higher prices. david is looking at this for us. inflation is already -- is already's a core component of that. david: especially considering asia, not just southeast malaysia, is prone to these sudden spikes in inflation. these are developing markets. just because there is no core inflation doesn't mean it does not feel more expensive. if you have a terminal, look at that. the latest inflation report for january. what is close to double the pace that we saw in december. it blew past virtually every single estimate. the headlines were driven by oil and other commodity prices, not so much a structural shift to the right of the demand curve. again, back to your point earlier that a lot of these central banks in southeast asia are on inflation watch. it is not so much that we are seeing runaway inflation. of course not. we are bracing for higher inflation down the. it is much more of the conversation now. you look at these minutes and speeches fr

asia will need to import from other parts of the world, central asia, latin america or africa.tinue to expand with their demand and their —— then import less from the middle east? that's what we've been warning to the world. of course it depends on the world. of course it depends on the level of investment. if investment picks up rapidly then it may be able to take care of the demand growth in the 2020s. a quick look now at the markets and as you can see, asia continues to rebound for a second day in early trading after wall street stocks scored some solid gains overnight. japan and australia are in positive territory. thank you so much for investing your time with us on asia business report. i'm rico hizon, sport today is coming up next. you're watching bbc news. i'm babita sharma. the headlines this hour: australian officials are beginning to assess the damage after cyclone debbie pummelled the north—east coast. at least one person has been killed and tens of thousands of homes are without power. there's a warning more floods and heavy rains are on the way. the crown prosecut

to come on daybreak asia. this is bloomberg. ♪ yvonne: this is daybreak asia. and it translates to nice pay raises for staff. the annual spring wage talks between management and unions has just wrapped up. he will look at the important points with chris cooper joining us live from tokyo. chris, good to see you. i feel like we have been around this block before. companies paying smaller wage hikes this year? chris: the annual wage talks in call ithe shinto as we here. the spring offensive. one thing to remember, it is back with looking. what happened to the currency last year. what happened was, japan had deflation. in all but one month last year. it isn't any inflation to account for here. the wage increases down from last year. but it is still positive. the other thing is the yen last surged close to ¥100 per dollar. and that is all going to be accounted for in this fiscal earnings which and march 31 this month. based on this time. all right, so it could be a bit dated, but how will this affect consumer spending overall? chris: japan a strike to boost its econ

that leaves it for us here on "daybreak asia". "bloomberg markets: asia" is coming up next..m. in hong kong and singapore, 9:00 in the evening in york city. i am rishaad salamat. haidi: i am haidi lun in sydney. this is "bloomberg markets: asia" ♪ rishaad: summons of stability, china saying the economy has improved with little danger of a hard landing. haidi: a different story in japan, data showing weakening activity on the factory floor with machine orders not ex

will do, particularly in southeast asia., where i am now, some of the relationships here in southeast asia, there is a lot of uncertainty. everyone is interested in tax reform and obamacare as far as how it will affect various industries. many wonder how the failure to repeal an replace health care will affect their investments in the u.s. comes to china, can the campaign promises that tomp had when it came containment policy, can they be implemented now? >> i think the core of the relationship between trump and china will be one of pragmatism. i think trump is far more interested in issues that frankly have hung up the u.s.-china relationship in the past. i think the u.s. has reason to be optimistic as well as china. we will see when they get together. that will be the meeting to watch in mar-a-lago. thank you. we are over half awake into the tokyo trade now. holding the gains. the dollar-yen back above 11. the -- not any surprise. you can see the convergence on the far right of the chart. that could show a dollar rally lik

the other point to think about both in terms of emerging markets and asia, asia is 65% of the emergingkets, is from the evaluations perspective. the yearew is that as progresses, you will see more portfolio flows to asia and they will be justified and you should still get a performance there. the improving economic picture, has it topped out now that we are seeing oil with the effects of higher commodity prices that lower base starting to fade? if we see more weakness in oil, what could that spillover effects look like when it comes to stocks, bonds, currencies? oil ise do not believe going anywhere in a meaningful sense. by has been influenced supply and technology and that is going to cap any upside. you may see some downside, but you know, where it is, plus or -$7, is probably where it is going to be for the rest of the year. i think there is other things to be concerned about, and those would be, you know, what does the new administration get through congress, and things of the the normalization balance sheet, both in the case of the fed and europe, so i would be looking at those i

a little bit more positive here in asia. here's the picture midmorning in asia.tocks sliding as the stronger yen is weighing on japanese equities.when you take a look beyond tokyo, we are seeing a little bit of a more positive picture, although australia is also declining about a 10th of a percent with property stocks falling in sydney. we are seeing korean shares leaping around 8/10 of a percent higher. president faces prosecutors, and the one is trading at a five-month high against the dollar. singapore upti in about a 10th of a percent after falling monday. we had shareholders of teaching -- singapore potentially looking to sell ahead of the entry of australia's tpg into the wireless market. and malaysian stocks, seeing up about a 10th of a percent, extending the game for a fourth day.last week we did see the biggest in three years into malaysian stocks in a sixth straight week of buying. when we talk about emerging markets, that's another indicator we are seeing a drive of appetite in that direction. taking a look at commodities, we have gold hanging onto fou

"bloomberg markets: asia".rishaad salamat. drained fundsas from its money markets for 14 straight days. of 5.8 billion dollars from the financial system and market operations over the last two weeks, the seven-day repurchase rate has fallen 13 basis points this month, a sign there may be too much liquidity in the system. sources are telling us the u.s. is planning to issue indictments related to the hacking attack said yahoo!. people are- four accused. one person may be arrested today in canada. the others are in russia. the hacks came to light last year and threaten to derail the sale of yahoo! web operations. japan say sharp is considering resuming dividend payments in the neck fiscal year. it cited an interview with the company president for the story. sharp is not paid a dividend since march 2012. as two in, sharp production of televisions in japan next year. it is decision time for the federal reserve, and support for that hike has been building. data has been strong and officials have been making hawkish

things in asia, the korean one, etc., look undervalued to us.e currencies that can also benefit from the reflation theme that is undergoing here in asia, but also more globally as you have already discussed. i think in the short-term, it is best if you are more bullish on the reflection to be sitting on the sidelines. we may be seeing further dollar strength come through, but we want to side that with fundamental stories, and see that economies benefit from that over the next one or two quarters. yousef: what is a more contrarian, a more exotic play in the currency basket that you cover? jonathan: i think you have to think about, in terms of the general sense in the marketplace that the dollar is going to be stronger. i think the critical issue here is, we have to think back through history and look at how the market has treated these episodes in the past. the market i think is thinking about high u.s. interest rates and going to benefit the dollar. that will be true against some currencies. if you are in an environment where global trade is pic

this is "bloomberg markets: asia."estimates 51.7, have a figure of 51.8, just at the margins. the nonmanufacturing pmi great

let's get to top tories in asia. u.s.f state rex tillerson using a 24-hour trip to beijing to smooth away an expected meeting between the world's biggest economies. that is amid tensions of trade policy and north korea. tom mackenzie is in beijing. what did tillerson achieve here? really, tillerson came here in -- asmp is dilution reassurer in chief. the second notion was north korea. north korea and the tensions on the korean peninsula, he had conversations and meetings with a foreign minister, and he dialback language from the earlier regional visit. he talked about not ruling out a preemptive strike of north korea. you did not hear that language here. he would make every effort to avoid conflict. but he managed to do it seemed is a minor concession from the chinese. he said the chinese would be considering approaching the north koreans to steer them off the path of the nuclear program. the chinese see this as more of a initiative for washington and pyongyang. they want them to have a dialogue. the u.s. say that will no

this is "bloomberg markets: asia."hina manufacturing pmi from but weestimates 51.7, have a figure of 51.8, just at the margins. the nonmanufacturing pmi great guns, a significant improvement from the february number, that is that pmi data the one more looked at? >> 51.8 is a good number. the last time we were this high , higher than 51 point eight, so a near five-year high for the manufacturing index. it points to the moderate increase in manufacturing sentiment. in february, 51.8 now in march, 51.3 in january. it backs up the early indicators , satellite manufacturing index, 51.8. rishaad: it is strange how this non--official data tracks. it is actually backing up the state numbers. >> yes, they may be accurate. it is from the national bureau of statistics. in march, the numbers in the pmi upwards because of the distortions from the lunar new year holiday. aberration, but a positive sign for authorities trying to put some stability into this economy. were speaking to some clever people at the credit suisse conference.

♪ betty: rex tillerson takes message to asia.nd opec may stem the tide if the global g -- will what persists,- oil glut is just after 8:00 a.m.. happy friday, it looks like markets are taking things in stride here after the fed has been risk on risk after we got that session on wall street where stocks did and mixed -- and mixed and slightly lower. with -- check that with 70. we have to keep this in mind that global stocks are set for the best week since january. we have been focused on the g-20 meeting as well as trump's withing section -- session merkel. but look at how the stocks are playing out in the region. we have new zealand shares leading gains in asia. we had the nikkei coming online, lower at .4% here after rising on thursday, and we have this one here gaining for a second straight day, and stocks are up about .2% with i.t. stocks on the rise. and we do have gold continuing belownd roots sticking $49 a barrel. it take a look at what is moving over on the nikkei 225. we have all segments in the red today, with the bigge

>> caution is the word as asia-pacific markets begin to open. traders are assessing the likelihood of a fed hike next week. anchor: president trump changes his controversial travel ban. six muslim majority countries are now on the list. anchor: the big australian lenders are back in the spotlight of lawmakers get tough on thinking conduct. >> china's new finance minister make his debut facing debt backwards well this year by the value of germany's gdp alone. >> this is the second hour of daybreak asia, coming to you live. yvonne: i am yvonne man in hong kong. betty: i am betty liu and yvonne, i was thinking about investor sentiment these days after what we saw coming out of north korea, coming out of donald trump's administration, and of course, all that leading up to the fed for next week, and you can imagine why the u.s. wekets were lower today, and came off of our lows in the session, but we basically fell and we are off by .3% and below that 21,000 dow level. that is caring through into asian trade right now. yvonne: we are not getting suppo

and two, can it break into asia? seen similar clones here in asia, which have gotten the attention from facebook. how big of an uphill battle is it for snap to break into this region? really: it is significant. one of the biggest challenges facing the company. to read accelerate girth they need to break into asia and other geographies, which currently they are not strong. snow is a strong competitor led by an entrepreneur with funding. they have taken a concept and extended it very well and made it culturally appropriate for the asian user. that is something snapchat has not done particularly well right now. question.t how do you think the stock will do tomorrow and what will happen six months later? chi-hua: that is the question on everyone's mind. i have no idea how the stock will do tomorrow. facebook had a really tough time holding its price after the ipo. in fact, it went down by a lot and has since performed well. twitter when up 75% on the first day and since has underperformed. the question is, looking at the

in asia, there is demand for it. timing, because it is significant. >> this deal comes at eight interesting time. president trump obviously rewarding companies, american companies that choose to stay on short, but at the same time, harley is looking to venture out to debt markets outside for the first time ever. in that sense, definitely interesting, and it shows the importance of asian debt markets to the corporate world. haidi: looking at their appetite and responding. thank you so much for that, our corporate finance reporter with that story on harley davidson tapping into asia. that is almost yet for daybreak australia, but yvonne and betty are up next with daybreak asia. let's take a look at what is coming up. we have an interesting few words coming through from the pboc on opening up, but it does not sound like it will be a one-way street. absolutely, there was a caveat. china is ready to further open its financial chapter, but it depends on how other nations treat chinese investors and how the treatment year o

the wider sector of asia? is asia still key to your strategy? to how we viewy the world economy.have a balanced approach it between developed markets and developing markets. we are very profitable. is it different now? [indiscernible] we still believe there is plenty of room in the global market. and growth in the emerging markets. haidi: that was credit suisse ceo thiam. some lines crossing the bloomberg from the chinese central bank. the pboc has weakened. -- the pboc has weakened the fixing for the first time in five days. up, the shanghai listed stock resumes trading. we are watching how that stock moves and we will have all of the pre-architecture and next. next.market action this is bloomberg. ♪ you are back with bloomberg markets: asia. i am rishaad in hong kong. haidi: and i am haidi lun in sydney. we are looking at a mildly positive session when it comes to asia. .aking a cue u.s. stocks closing off their session lows. nikkei 225 up 0.8%. on 0.25 be adding percent. in other markets trading, australia up by 1% despite some concerns over the falling oil prices. the aussie

this is daybreak asia, from bloomberg's u.s. and asia headquarters. am betty lou in new york where it is just after 7:00 p.m.. >> and it is just after 7:00 in hong kong, i am yvonne man. , spoke justayor eight hours after the attacks in westminster. they have heightened security in london, the area around the attacks read we did see changes in currencies, like of the yen being caught up after the news broke. but in the equity markets in new york, not a lot of movement. you would have thought there would be a tiny bit of selloff. investors shrugged off this news and continue to buy up shares, closing at almost the high of the session. yvonne: the pound holding steady, u.s. stocks had a rebound. this was fell during the wall street session. let's see how things are in the asian pacific. we see pressure in new zealand, down a 1/5 of 1%. a benchmark rate unchanged at 1.75%. governor saying policy will remain accommodative. but there are external uncertainties in the international outlook. .7046 right 6 -- now. steps down in australia to meet with official

the kospi is asia's worst-performing index and asia this year, falling nearly 5%.jin we do havehanjin shipping on the decline over 21%. hanjin shipping's u.s. creditors sellin given the nod to stateside containers. the judge overseeing the hearing rejected hanjin's claim that it still had equity in the containers. in tokyo, the nikkei 225 slipping as the yen rises amid global tensions. also dragging on the topix, seeing a retreat after highs last thursday. in australia, the asx 200 is recovering from the days earlier declines. we did get data from sydney, retail sales for january rising .4% month on month after dropping in december. rs fortescue metals rising. gold waivers as janet yellen adds to expectations of a march hike being alive. gold miner resolute here falling. we have an ecb and rba decisions this week. this will be the focus as the fed goes into its quiet period for the march meeting. let's get to first word news with paul allen. james clapper has denied president trump's claim that the obama administration ordered wiretaps on trump tower during the ele

trade on the top of mine in asia.china and trade, if any, for the transpacific partnership. this is bloomberg. asiae: this is "daybreak ." betty: i am betty liu in new york. seeking a deal on the rcb agreement as soon as possible. ustralia's minister told that nothing should be read between the gap of the two visits and the two countries remain close. >> absolutely not. the fact is australia's relationship with china is very strong. piece inan op-ed today's newspaper that speaks in glowing terms about the relationship. strong ties ind trade. the relationship frankly has never been as strong. >> this is a relationship at the moment defined by idealism or pragmatism? it is said that china will further embrace democracy to fully meet its potential, what is on the table? >> it is a relationship built trade flows, the signing of the china-australia free trade agreement. this has underpinned the relationship. in terms of discussions over the next several days, there will be an opportunity to continue to build on the relatio

foreign-policy in asia. the asia pivot is as good as dead.ow do you think under trump, how do you think u.s. policy will be in this part of the world? >> australia has been engaging closely with the trump administration. i visited washington recently and met with vice president pence and secretary of state rex tillerson and their new national security advisor general mcmaster, and other ministers have met their counterparts. i am reassured united states understands very well the need for leadership, the need for the united states to remain engaged in our part of the world. they will continue to do so. i think some visits here in recent times and some pending will reinforce the view that the united states is committed to the rules-based order, including in trade and security, that has served us so well in recent times. haslinda: there have been growing calls for the u.s. to show more aggression when it comes to china, growing calls for japan and korea to foot more of the defense bill. surely that must worry you. growing economies in asia and s

play the more to come on "daybreak asia." this is bloomberg. ♪ ♪ yvonne: this is "daybreak asia." weakening recently. australia had the opposite problem. prime minister malcolm turnbull is meeting oil and gas executives today to address rising domestic energy prices. let's bring in paul allen from sydney. what's the problem here? little bithey're a backwards here. so much of australian natural gas get exported, mostly to asia, specifically japan. that combined with drilling bans in some australian states has crippled supply. thegroup, which represents interests of 60,000 australian companies, says the price for gas and the state of victoria has gone up from six dollars toividual -- six dollars $26. 7% onshares were up tuesday after announcing they might relocate offshore, because it's gas prices have gone up by 76%. but the context of this meeting between turnbull in the oil and gas executives. he is blaming state governments for putting export ahead of domestic needs, and says we needed to -- we need a responsible discussion about all this. yvonne: no doubt the australian governm

throughout asia of course, that holiday. may not be that much of a concern when you take a look at the broader picture and you see that in the past six months, we have seen cheaper yen just helping those overseas shipments also the professor telling me there was no downward revision when it comes to the export numbers in the latest gdp figures, which is a positive and points to some sort of recovery in the japanese economy. what you have to keep in mind is not just these numbers but the broader trend in the japanese economy and with abenomics, and what abenomics has faced as big challenges, which is corporate profits scoring. now we are seeing the pickup in capital spending, but what about wage growth? that is what we need, more japanese to go out and spend money. we have the labor talks, the shinzo abe wage talks. that might disappoint as well. that is something you have to keep a close eye on. right.yeah, that is the deflator still a negative spot, so much stimulus from the bank of japan. shery ahn in tokyo. let's get the

this is daybreak asia, coming to you from the u.s. and asia. am betty lou where it is just after 6:00 p.m. in new york. rishaad: it is -- yvonne: it is after 7:00 in hong kong. we are not talking about just beijing raining in its growth target, but when it comes to the looming rate hike that the martin is -- market is certain to price in, how will china's stem the offset? betty: you are right. the biggest risk for china and hitting the report on track is going to come from the united states and how fast and how far rate hikes are going to go. what does that mean for the dollar? and then of course the chinese currency? we are the wildcard it seems. we will take into that throughout the hour -- dig into that throughout the hour. yvonne: it will be busy with the jobs report. let's take a look at the asia-pacific. pretty subdued on monday as we kick off with the anzac 50 flat, -- kiwi dollar at 7027 $70.27 u.s. we saw a move up with commodities futures on friday, which could lend some support to the currency. let's take a look at the aussie right n

here in asia, i think the impact will be minimal.ere could be some volatility around the pound sterling. but that has been priced into the market over the last months and weeks. longer term, there will be continuing questions over the uk's attractiveness as an investment destination. of course, a lot of asian investment goes to the uk, particularly thinking about the japanese auto sector and so on. but we have seen positive news from people like toyota and nissan who have confirmed their commitment to the country. there will be uncertainty over what kind of relationship the uk will have with the european union following this two year period. you have mentioned toyota there, at nissan, and toyota said they would invest in britain, but they are warning that they need terror free access to the continent. is that something our businesses should be looking out for? absolutely. but that will not become clear a ny absolutely. but that will not become clear any time soon. there is this two year period of negotiation. there is scepticism as t

hello, and welcome to asia business report.n fact very shortly, we will be hearing about south korea's residents park geun—hye. she will be finding out whether she will be removed from office permanently over a corruption scandal. if beef court formally on seats are she will be the first president in south korea to lose office from parliamentary impeachment. a presidential election will have to be held within 60 days. i asked the director of the corporate network for north asia whether he thinks she will be impeached. i think it is very likely that the constitutional court is going to support the decision on the impeachment. i think it is very hard for the justices to ignore the sentiment of the country right now. more than three quarters of the population are in favour of the impeachment. however, there is a chance the justices will rule otherwise. we have had an impeachment case in the past were sentiments were quite different, but this time it is likely it will happen. we know the scandal is already threatening the head of t

more to come with daybreak asia.pan and south korea about to open in a matter of minutes. betty: we will be watching samsung shares at the open. stephen engle a's is going to tell us what is going on there. smartphone, will it be enough to make up for past sins? it will be taller with curves and facial recognition, ironic given south korea is the epicenter of plastic surgery. it looks like we will be down a 3% to 5%. posted at 1400. a lot to talk about. yvonne: does she received losses don't link to almost $9 million. chapterouse files for 11 protection. betty: theresa may says the uk's taking control of its future. yvonne: take up the pace. the boston fed president says there should be faster tightening and for hikes this year. o may go.iql they say they may quit america if president trump insists on local production. yvonne: this is the second hour of "daybreak asia." i am yvonne man in hong kong. betty: it is just after 8:00 in new york. we're watching overall market reaction to brexit. samsung is one stock on our

this is "bloomberg markets: asia." am rishaad salamat and hong kong. this is what it looks like premarket, virtually nothing going on. the hang seng auction period flat. there.s are up a coal minered by coming out with a special come itself ofua 15% premarket. you also have other things in , #6907, showing you how shenhua energy has not been keeping up with the coal price as it has risen over the last two years. we had a big fall back in iron ore last year. i'm watching a stock that has not moved as much as your stock pick. this is the world's biggest bank by assets, a political story. whnn -- gary co. planning to sell his stake according to the disclosure document obtained by bloomberg. he is the ax president of goldman sachs, worth more than $15 billion. separately planning to do fast $260 million when it comes to goldman stock. end up in the firing line because it is a top 10 it in trump towers and is up for renegotiation. you can follow the story and all to days stories at mliv get a market run down in one cli

that is why you cannot abandon asia. and for the stability of the region, but the benchmarks and integrity of the entire asian region, asian needs you -- asia needs you. that is the message i am taken to washington, here in chicago, los angeles, des moines, iowa. wherever it might be. there is a partnership. a partnership forged in blood and the 100 years ago. a partnership that will continue to require both of us to make massive sacrifices, but a partnership that is necessary for the prosperity of the american people and the australian people as well. thanks very much. [applause] >> ambassador, thank you so much for your remarks. we will get right into it, the phone call. [laughter] can you elaborate on the nature of the phone call and what was said? i think people would love to know more, as well as how your government is responding. i'm willing to be a diplomat. [laughter] >> that is good. the pregnant minister did not brief you on it afterwards? amb. hockey: it goes to an agreement made under the previous administrat

it's a friday, everyone, good morning, asia, hello, world, thanks for watching the asia business reporton. does bigger mean better when it comes to financial institutions? this weekend five indian banks will begin the process of merging with the state bank of india. it's already the country's largest bank but after the merger it will be one of the largest in the world. the government hopes the move will clean up the system and get banks performing again. we ta ke and get banks performing again. we take a look. hsbc, bank of china, bnp paribas, jp morgan chase they are some of the largest banks in the world and now an indian bank will bejoining their ranks. the state bank of india, india's largest public sector bank, is merging with five subsidiaries. it will create a mammoth bank with 24,000 it will create a mammoth bank with 2a,000 branches and 500 million customers. now, banks are often measured by the value of their assets. this merged bank will have assets worth $550 billion. to put that into perspective, the new merger will be five times bigger than india's next largest bank, and t

this is "bloomberg markets: asia." ♪ haidi: asia-pacific markets following wall street down, concernt trumps pro-growth policies won't pass. rishaad: ¥9 trillion in market value is gone. that yen on its longest winning streak in two months, not seen since the end of november. rishaad: billions into the system after smaller banks missed debt payments. indeed, we are looking at that story, are we not? injecting hundreds of billions of yuan after smaller lenders failed to make debt payments. injections following these missed interbank payments. looking at that. at cheung kong, and tencent at the bottom of the hour. haidi: that's right. see hows wanting to that advertising revenue has ramped up. watching the pboc in market operations after stress when it comes to these rural lenders. we are watching the yen, because we are at these levels we have not seen since november when it comes to the yen. analysts saying if we break below, that decline could be rapid from here. we are 30 minutes away from the , singapore, taiwan, malaysia joining the fray. sophie, how is it playing out when it com

the second hour of daybreak asia live from bloomberg's u.s. and asia headquarters.e man in hong kong, just after 8:00 a.m. betty: just after 8:00 p.m. in new york. i am betty liu. it feels like deja vu waiting for the snowstorm. we are also waiting for a lot of news events to happen, in particular the fed meeting on wednesday, which we were talking ad nauseam about. we want to get this rate hike out of the way, which seems almost like a near certainty, and find out what is the fed thinking about future rate hikes? that is what is going to dominate the conversation going forward. yvonne: in the meantime, the only thing we can watch that is not trading in a tight range is the treasury yield on the 10 year up to 2.6%. let's take a look at how the market is taking it, pretty upbeat so far. look at the market open in tokyo and seoul with sophie. sophie: upbeat could be one way to describe what is happening in asia. we do have the kospi coming online about .5% higher. we are seeing a marginal drop for japanese shares. we are anticipating the fed meeting with the boj also

for now, we are seeing korean shares leading gains in asia.have the taiwan and malaysia coming online slightly stronger here. japanese stocks are on the decline. taking a look at the currency space, we do have the japanese yen, a little changed ahead of the fed meeting. the south korean won slighting against the dollar. prices, weok at oil do have new york crude holding losses below $49 a barrel. this is the for u.s. government aid a is forecast to show u.s. supplies rising for a 10th week. looking ahead to april, the dia reckons that u.s. shares output would reach highs we saw last march. higher u.s. output is the main threat to opec steel. has been putting more risk to act as opec is cutting supply. you can see on the wet line that the accounts of drilling rigs was at the highest of september 2015. this confluence investment market chief market strategist it proves anything north of that will lead to expanding ri u.s.nts and higher expansion. haidi: i will take it from here. let's get you up to date with first alert news with paul allen. rep

good morning, asia, hello, world. glad you could join us for asia business report. wednesday, i am rico hizon. this year, for international women‘s day, the call is to be bowled for change. but what does that mean for business and government? —— bold. what changes would make the world a better place, and work towards equality. we have been talking to women across the region about the challenges they are facing today. definitely the pay packet has to change. that is where the discrimination comes in. they need to prove themselves 100% at home and 100% in the office so basically every single day they are proving themselves 200%. translation: the biggest problems are when your child's school drop—off powers and pick up ours don't fit your work hours. translation: now the world has changed a lot. women can help themselves, take care of themselves and their families. because we all have equal rights now. women have become stronger. they can earn as much as men, or become stronger. they can earn as much as men, oi’ even more become stronger. they can earn as much as men,

good morning asia. hello world. it isa good morning asia. hello world. a monday, the start of a brand—new trading week. glad you to join us for this edition of asia business report. i am rico hizon. we start with china, which is that a forecast of growth of about 6.5% for this year, down from 2016's range, and the lowest in more than two decades. the plan was outlined at the national meeting at the national people's congress. premier li pledged to go ahead with economic reforms and tackled the buildup of debt in the world's second—largest economy. 0ne one of the key focuses is not about growth, though china, it is about how to contain the financial risks. so one of the key reasons we have a stabilise growth in 2016 was support from three factors... how will they contain these risks? a few ways. what is important is the capacity in different sectors. so they want to cut down the capacity for coal production and silk production. and thenis production and silk production. and then is how you deal with the infa ntry then is how you deal with the infantry in

good morning, asia. hello, world. this is asia business report. i am rico hizon. it's a tuesday.president donald trump has signed a new executive order, a scaled back version of his controversial travel ban. . it bands new visas for travellers from six mainly muslim countries. —— bans. unlike the current ban, current visa holders are excluded. some say it could hurt the us economy. the last travel ban was met with a lot of confusion and a lot of misunderstanding about who was actually impacted. this new version of the travel ban certainly has a lot more detail. it is more specific in terms of people who hold green cards, for example. that said, businesses are still expecting that their businesses are going to be impacted. already we are seeing that people are coming to the us less for tourism and travel. this is already having an impact on america's economy. this is a country that was largely built on immigrants. many businesses here were built by immigrants. we can expect a lot of anger bubbling up from america's business community. what about the feedback from silicon valley? t