i mean yeah i mean why did you teach them here where asia this is this is an episode about the asia cup look around nobody would ever know the difference. ok so when you think asia and football you think about japan and south korea you know traditional but to the surface there's a movement building in countries like australia ok not a part of asia but part of the asian football confederation syria iran and it's actually pretty big asia has been putting a lot of resources and a lot of investment into growing sport in general across the continent the creation of organized sporting leagues has done wonders for sport in asia especially football and globalisation has also played a big part in fact the highest number of viewers for the premier league is in indonesia that means more people watch the prime really get indonesia then in the u.k. now huge example of this is also the recent investments that we've been seeing in the chinese superleague but it's not just the chinese superleague because china has invested a ridiculous amount of money into football general in. because they say that by

the world this is an absolute about the asia cup thank you. why should football fans care about the asian come even if they don't live in asia easy it's a chance to get to know a totally different set of football culture has. been only a matter of time before the coming next big fall in canada asia a continent full of football even where you don't expect it this is a country to the front in most parts of the world a probably never thought when it comes to the focus. our report up only set off to check out the philippines ahead of the first day back and asian cup where he met stylist who is still a bit under the radar. for the face to face of what would say. and he. the future of the philippines two if you don't know the asian cup already you're about to make quite the discovery. we're really serious about making football the biggest sport possible welcome to part one of our asian cup series ready to start down young. so when you think of asia the first thing that comes to mind is probably not football but hang on a second football is the world

and with the asia cup you know. we have achieved being there for the first time out we have to ask ourselves now we have to challenge ourselves can we be. every every every competition blue future looks bright for the philippines and we hope. it starts. erickson can help but this team lives and dies only ask al spirits ask else actually mainstreet jokes but to everyone involved with football here it means so much more. what does the phrase the house cals mean to you means no matter what challenges apart in front of you you have to pay for it and hope that the dollars or more towards all that you go through there are already and the mark that you that's carry you there so it's more of like that's not how we want to. work with ask those who come here and don't expect that to get a fair. because some sense anonymous that when you get to the ask alice tell this things it was expected the way we play with the trade believe obama was born so me they ask tells me i'm filipino by. the feeding and never say die attitude. you

this is "daybreak asia." ♪ haidi: "daybreak asia this is i am height." -- this is "daybreak asia."idi stroud-watts in sydney. shery: shares slumped to their lowest in more than two years in reaction to the bank being charged and facing a demand for billions of dollars in fines. ramy inocencio has the story. it could be more than $3 billion from malaysia in the u.s. and it could add up to another $2 billion. one point $8y: billion on top of what was actually used. -- $1.8 billion on top of what was actually used. there is a lot of money floating around in terms of possibly trying to recoup this. malaysia is now firing this -- filing this litigations although saying -- salvo saying you need to bear the brunt of this. not just goldman itself. it is three goldman units. goldman sachs international, goldman sachs singapore, and goldman sachs asia, according to the malaysianthe malaysian edge. the attorney general came out saying that if we do not do anything, then basically, our financial institutions will take the hit. this is from the malaysian attorney general. show our viewers on th

that will also be felt in asia. that would suggest more trade highlands -- headlines. >> we have investors coming to terms with the prospects of the u.s.-china trade deal. the bank of canada is adding to the optimism. that cause the outlook for global growth prospects. in asia, we have future setting up for modest gains for the region. you have the nikkei futures contract into cargo looking to gain over 1% after the decline we saw on wednesday. when it comes to the sydney session, we are hinting at gains as well. this as we got a disappointing gdp data to digest. the rba couldn likely have a rates cut. with that, we have seen aussie dollar take a turn this week. that's after rising 5.2% after the low we hit in october. we may see that downtrend that we have seen over the course of the year since hitting that cyclical high back in january. that may be looking to return as the weak macro pulse indicates more data. we will get retail sales released at 8:30 a.m. hong kong time. consumer confidence figures from thailand

good morning, asia. hello, well. glad you could join us for this addition of asia business report.m rico hizon. we start off with uk prime minister. theresa may has won a vote of no confidence of the leadership of the conservative party by 200— 117. mrs may is immune to another challenge for one year. she failed to deliver the brexit that people voted for. this has been a long and challenging day, but at the end of that i am pleased to have received the backing of my colleagues into night's ballot. while i am gratefulfor that support, a significant number of collea g u es support, a significant number of colleagues did cast votes against me andi colleagues did cast votes against me and i have listened to what they have said. this is how the pound traded after that result. 0ur business editor, simon jack, traded after that result. 0ur business editor, simonjack, told is how the result is being received by the financial markets and the wider business community. business groups are calling this, my favourite line from the many, as a chaotic d2. it feels like you are in a car chase and

this is bloomberg. ♪ this is "daybreak: asia perko -- asia."id: looking at futures right now, a 600 point pop on the nikkei 225. us,rennie is still with head of global strategy out of australia. i'm looking at some of your broad assumptions for next year. you think the dollar would hit 100 but you are also constructive on asia equities. how can those two things coexist? robert: i think it is really down to timing. as i said in the previous section, we continue to expect a data, at least in dependent path toward higher rates. we've got another two possibly three hikes from the fed, and that is something that sees the u.s. dollar continue to strengthen toward the 100 level by q3 of next year. in terms of asian equities at least in the short term, again, as i said in the previous section, we are not as pessimistic about the impact of trade tariffs on the region. we are thinking the market probably has overdone the negativity. i think we do see positive notes coming from the u.s. trade mission to china early next year. that shouldthing continue to

more to come here on daybreak asia. this is bloomberg. ♪ ♪ welcome back. this is daybreak asia.my inocencio in new york. juliette: i am juliette saly. a quick check of business flash headlines, disney and verizon have reached an 11th hour deal to keep sports programming floating. it was due to expire at 5:00 p.m. new york time. negotiations were seen as a litmus test for busy -- disney's business model charging a higher fees to espn even though many are switching off sports. ramy: sears could have another chance of survival with the chairman scrapping together a deal to save it from bankruptcy. finance $4.4 billion offer agreeing to a statement from esl investment. the plan needs approval from investors. lampert,uld outbid selling off piece by piece. juliette: according to an -- an end to the china -- [please stand by] australia in early trade. we are seeing every sector moving higher on the s&p asx 200, up .7%. the aussie dollar is a little bit flat against the greenback, holding at 70.48. looking at some of the stock movers across the australian session in early trade, 6%.urce

find a asia series on al-jazeera. the democratic republic of congo is finally heading to the polls off the road to yet the lady who will be announced the winner of this already controversial presidential election join us for special coverage of the aussies election on al-jazeera. a policy imposed decades ago pregnant woman part that she would select to be goods and when he boards changing demographics across asia with far reaching consequences are creating a pool of socially disadvantaged young men so you have the system where people at every level will be get being given money money to agree distro zation our money to get other people to be the sterilisation al-jazeera examines the politics of population control. this is al jazeera i'm done with a check on your world headlines rescue workers are struggling to reach many areas devastated by saturday's tsunami in indonesia at least two hundred twenty two people are dead and more than eight hundred injured in the country's second such disaster this year roads have been

east asia in focus. a new world bank report highlights the region's economic success story as well as the challenges ahead. good morning and welcome to asia business report, live from singapore, with me, mariko oi. this week we are focusing on brexit, and the uk government has said the vote on the brexit plan will go ahead tomorrow despite a report it will be delayed. we will bring you the latest breaking news and market reaction to that developing story. also taking place on tuesday in the us, google‘s chief executive will be questioned by lawmakers. the last time he was invited, he didn't even show up, but he is likely to be quizzed about the firm's ambitions in china as well as the recent walkout over the treatment of female staff. market a nalyst treatment of female staff. market analystjim bailey told me what we should expect out of the uk this week ——jun should expect out of the uk this week —— jun bei should expect out of the uk this week ——jun bei liu. should expect out of the uk this week -- jun

"daybreak asia." top stories, asia futures mixed after a volatile session in new york. facebook and microsoft helping the tech lead recovery. sterling slumping as the first lady is returning. to europe for more talks. and the family being blocked from company owned homes around the world. let's get you started with a quick check of how u.s. markets ended this first trading session of the week. we saw a very volatile session with the dow at one point falling 508 points before reversing its losses and gaining a 10th of 1%. the s&p 500 also saw the biggest loss since march of this year, before gaining 2/10 of 1%. all thanks to tech and communications stocks, which alleges the gains, but it was really about tech running the market as we saw facebook and microsoft rally. s&p futures unchanged at the moment, but we are seeing positive sentiment filter through, as we saw a huge reversal in u.s. equity markets, despite the fact we got a bit of an uptick in brexit risk, not to mention some more hawkish comment

welcome to daybreak asia -- i am sophie kamaruddin in hong kong. welcome to daybreak asia. china is taking more steps to ease trade tensions, lifting tariffs on u.s. cars and revaluing purchases on american corn. investigators prepared to discuss life after carlos ghosn. there is a meeting of the alliance shareholders. australia showing the best numbers in a decade, this ahead of a key election year. shery: let's get a check of the markets close. friday it was risk off across the board with the dow falling 500 points. that sentiment seems to be spreading to the futures market with the s&p 500 losing .2%. the s&p 500 also fell below the 20 technical psychological 600 level. we had tech stocks and health care leading the declines. health care, one sector to watch into trading this week as we saw a u.s. judge ruling obamacare was unconstitutional. we could see volatility there. the s&p 500 closing the lowest since april, the nasdaq falling for a second consecutive session, a lot of central bank decisions this week including the boj, the boe and the fed which could raise rates

welcome to "daybreak asia."mnuchin tries to convince investors that jay powell will not be fired, and his job remains safe at the fed. paul: china announces more staggered stimulus as the economy grapples with a slowdown made worse by the trade war. kathleen: indonesia rel from yet another investor -- reels from yet another disaster. paul: ok, let's check the state of the markets that are open in the region. at the moment, we have got the .zx pushing higher positive territory in new zealand up .3%. in australia, we are recovering from a week open. open.k the asx 200 almost flat. the kospi opening up higher by one point at the moment. trading that nudged into positive territory as well. all right, let's get a check of the first word news. here is haslinda amin in singapore. the number of people now known killed in indonesians economy isnesia's 222. most of them were tourists, thought to have been triggered by an irruption of the nearby volcano. the disaster comes ahead of the peak holiday season and may hurt the

"day break asia." i'm shery ahn in new york.ney.i'm paul allen in the treasuries rally has kicked into overdrive after a portion negative for the first time since 2007. is er maturity bonds rekindling concern that the u.s. could be headed toward recession. watchinghayes has been this. kathleen, what is driving these curves flatter and in some cases to inversion? kathleen: it has a lot to do sentiment and some slightly changing perceptions of the fed and how determined it is to least three times next year, but it's for sure, it's interesting, this is fed on itself, paul. yesterday on monday in the u.s., to five from three invested didn't cause too much of a stir, boy oh, boy today, t's one of the things that hit stocks and it kind of turned it around and then hit the whole treasury market. what you can see is something that is rather historic, right. part of the this curve inverting very often. the last time here was in 2007. what was happening then? well, we were on the verge of heading into a recession. we were starting to see

head of asia research.ing up next, we will be acting -- asking why opec's oil cuts didn't extend to oil prices. we get to that story in a couple of minutes. this is bloomberg. ♪ david: welcome back. you're watching daybreak asia. i'm david english in hong kong. kathleen: i'm kathleen hays in new york. the output was supposed to prop up sinking prices. instead, we've seen the worst price decline in a decade. let's bring in stephen such as ski in singapore. wow, steve. we talk about volatile stocks, but oil. what does this say about oil managing the market? guest: i think there is an expectation now that perhaps opec needs to show more than they can tell. as we said in the past few years, when opec said they would cut reduction, price of oil would increase. that was almost a constant in the oil market. we've seen price of oil decline to cut production by 1.2 million barrels a day in russia. i think there's a number of things happening here. the enormous selloff in u.s. equities has taken the wind out of oil,

now on bbc news live to singapore for asia business report.poverty to global power — china marks a0 years of economic reforms which made it the world's second—biggest economy. malaysia lodges criminal charges against goldman sachs. 0ver lodges criminal charges against goldman sachs. over the 1mdb scandal. we assess the significance. good morning and welcome to asia business report live from singapore. we start with china because a0 years ago today, the country ‘s communist party started the process of turning china into a market driven global power. it of course transformed it into the world ‘s second—biggest economy. let me show you how significant that is. back in 1970 ait, the output of goods and services was under $150 billion. last year it topped a whopping $12 trillion. but a shadow over the anniversary. we catch up with the former director general and ask whether the country is wrong to raise issues about how the global system operates. the us are awry. some of the moves of trade today did not discipline and are from chinese practices a

welcome to day break flverage asia. -- "daybreak: asia." >> our top stories this tuesday, u.s. markets maintain the trade truce rally. the s&p and the dow both rising. more than 1%. the dollar weakens again. the optimism extends to oil with crude surging the most in the five months and bouncing back from its worst monthly oss in a decade. auto stocks are among the winners. exporters are looking at a big potential payday. >> let's get started with breaking news out of south korea. we are getting the final figures for third quarter g.d.p. coming in, a growth of .6% on quarter on quarter. on quarter. that was in line with estimates and also pretty flat from the second quarter where growth was also .6%. year on year there has been a slowdown to 2%. remember, this is the final figure. still a slowdown from second quarter growth of 2.8% that we saw a year on year. so a bit of a slowdown for g.d.p. growth for the third quarter. final numbers, growth of 2%. and we're also getting some s.p.i. numbers -- c.p.i. numbers. paul: yeah, the c.p.i. numbers a little bit of a miss there. weaker

now on bbc news, live to singapore for asia business report. sterling slump.ound tumbles as the uk prime minister delays are crucial brexit vote to buy more time to renegotiate her exit deal with the eu. rbi resignation, the governor of india's central bank quits after a month long tussle over policy with the government. good morning and welcome to asia business report, live from singapore, with me, mariko oi. the pound has slumped after the uk prime minister confirmed that a crucial vote planned for later today will now be postponed. in an address to parliament, theresa may said she was confident of getting reassurances from the eu on the northern ireland border plant. the bbc‘sjonathan joseph brought us the latest from london. it has been another day of brexit uncertainty in london. if you look at the financial markets and you want to take the pound sterling asa you want to take the pound sterling as a barometer of how the brexit pi’ocess as a barometer of how the brexit process is going, it hasn't been a good day. just after 8am local time £1 would have bro

or does asia have problem of problems of its own. merry christmas monica indeed not a very merry what though. it is very much higher the almost entirely due to the what's happening in the us it's affecting a global wrote. even more so then they don't mistake the reasons behind it all here in asia obviously it's that recent remarks from donald trump about the federal reserve and how it's being managed statement in commands that also did little to call in business any. pointing event. possible a global recession so that scaring in this is a little bit here i can imagine and of course let's focus on one particular company in asia currently going through some rough times this one of course making headlines for all the wrong reasons just to remind all of us what happened on tuesday a japanese called granted bail to the former right hand man of detained x. nissen chairman carlos kelley a tokyo based u.s. citizen who was an executive at nissan was arrested along his boss on november the nineteenth go on his aid kelly and the comic itself ha

or in southeast asia to look at that and i think that. it's on its own is such an achievement both for thailand for the region it's something we can be proud of most of the heavy lifting is done what's left now is the vote in parliament should the civil union bill pass would you and want to be among the first same sex couples in thailand to legally taught the not. at our correspondent joins us now from bangkok hi florian getting same sex unions legally recognised is a big step for any country how difficult has this process been fertile and. it has been very difficult to know how has been a year long effort there had been plans for such a law already about four years ago before the military coup in two thousand and fourteen then this whole project basically. fell apart and it was especially difficult because there is not really an open debate now that's very typical thai things so you don't voice. your opinion openly especially not if it's a controversial one so there has been a lot of negotiating behind closed doors by bt activists like t

policy towards china and asia. we've been focused on working together between yes, and south korea on dealing with north korea, but more broadly, the current government, south korean government, supports for things like free and open indo-pacific, they've been pretty quiet about it and i think the gap between our coordination of north korea and our needs to develop strong allies in the context of china's rise is going to increasingly be a central point of friction in the u.s.-korea relationship going forward. especially to the extent that also if inter-korean tensions that while sino-u.s. tensions rise, this is going to exacerbate comfortable race u.s. expectations for south korea will do, at the same time that it shifts the interest away from south korea's primary career occupation with north korea to a broader regional framework. >> scott, excellent, an awful lot of information packed into ten minutes. much appreciated. maybe with help from the audience we can't can expand oe of your points. michael, bring us som

asia." me to "daybreak: >> our top stories this thursday -- >> the additional tightening of -- ncial conditions >> invested -- investors flooded in the treasuries and facebook fell the most since july after was that more personal data exposed than previously disclosed. >> the wing day session in the u.s., what a day for markets. a huge reversal as the stocks were higher for most of the session, but then, we saw the fed rate decision and they took a dive with the s&p 500 falling to a 15-month low. the dow also down one point 5%. we had at one point seen the s&p 500 in the green after the fed said they would reduce rate hike expectations for next year to two instead of three as they had previously projected, but that swiftly reversed as we had chairman powell talking about market turmoil recently as just a little bit of volatility. the nasdaq falling more than 2%, and you can see the pressure continue as s&p futures are down .1%. let's see what treasuries did. we saw investors stocking in a tr

welcome to "daybreak: asia." haidi: theresa may clings onto power after winning a conservative vote for confidence, but her brexit headache will not be going away. china may delay its global tech ambitions as the u.s. calls on beijing to do more. recent trade war optimism is draining away. tencent music it's a good note on its first ipo day in new york. let's get you started with a quick check of the markets close in the u.s. a risk on day for equity markets as the dow gained .6% and the s&p 500 gained the most in a week. more positive sentiment coming from more positive headlines on trade. prime minister may surviving the no-confidence vote. the nasdaq also gaining for the third consecutive session. s&p futures not doing much at the moment, but the narrative throughout the session was on trade and brexit. the risk of a hard brexit rising. prime minister may facing that challenge to her leadership. but sterling now looking like this after falling to the lowest level since april. throughout the session, it gained

robert sutter, professor of practice and former intelligence officer for east asia. scott snyder at the counsel on foreign relation, author of two books written in the past couple of years, south korea at the crossroads, and japan's south korea identity clash. and dr. michael green, senior vice president for asia and japan chair at the center for strategic international studies also at georgetown. and pass history as a former senior director at the national security council. we will follow an agenda here going from your right to your heft with dr. sutter, then scott snyder, then dr. green. i am asking each speaking to talk about ten minutes. you may have picked up on your way in, a document that dr. sutter provided to extend his remarks, as they say in congress, that will be a more fulsome explanation of what he's going to talk about. without further ado, dr. sutter the floor is yours. >> it is a pleasure to be here and talk with you. i am here today to talk about a u.s./china relationship to set up the context that the allies look at this and their reaction. the han

this is really driving the losses and asia.will really begin to understand what shifts the dollar market for oil. for itstill on track best week since september. what happened on wall street yesterday? was it the market repricing growth expectations? hit.w a benchmark taking a financials are coming under pressure. the equity markets are playing catch-up to be bond markets. we have u.s. markets closing for the funeral of george h.w. bush. we did see a flattening continue on the 210. may, losing three key votes in parliament. let's get the bloomberg business flash. >> to cater has received shareholder approval for its $62 billion acquisition. takeda has received shareholder approval for its $62 billion acquisition. shire holders will vote later today. jpmorgan ceo says fourth-quarter trading revenue is on track the roughly equivalent for the same time one year ago. banks budget for technology spending will continue to increase and the bank is continuing to improve its efficiency ratio. a new phone with a camera will take three-di

that is unnerving investors in the united states and in asia.usly unnerved, trade being one of the reasons. the yield curve and what is going on with that being the other as was unravelled for us earlier in the programme. the markets have been through a torrid 2a hours. programme. the markets have been through a torrid 24 hours. we did start the day significantly lower in asia. most of the major markets are lower. some have seen gains in the last few hours that certainly be toned amongst investors, the sentiment is one of uncertainty. as you say that follows on from the us's lower close overnight and not just on the trade war. it is also on concerns of slowing economic growth in the united states. it is a very important indicator for how asian economies do as well and investors are watching the yield curve. as kim explained that so well a few minutes ago, and that will trouble the minds of many people out here in asia as well. thank you very much for your time. always good to see you making sense of the markets. now let's brief you on some other

. >> welcome to "daybreak: asia asia." - "daybreak: >> our top stories this wednesday -- asia-pacific markets see a flat open after volatile markets in new york. steve mnuchin signals trade talks in the u.s. -- in the new and chinag the u.s. are determined to resolve trade differences. and the fed opens its final policy meeting of the year with president trump once again tweeting for reports. >> let's get you started with how markets closed the tuesday session in the u.s., a mixed picture with a lot of volatility in equity markets from the days low. to lows, about 82% almost 1%.ed we had consumer discretionary stocks, real estate, but energy producers really led the declines as crude tumbled past $46 a barrel. we have a lot of uncertainty not only on growth outlook for trade concerns and geopolitics but also because investors right now are pricing in a more dovish turn from the fed for the fomc meeting where the fed is expected to raise rates for the fourth time this year. what happens if we do not see that dovish turn? are setting upe for the asian markets. good news to hang your hat

this is daybreak asia. -- haidi: this is daybreak asia. are likely to see a deeper contraction in third-quarter gdp numbers for since the nuclear disaster at fukushima. the slumped with a series of typhoons and an earthquake that knocked down for -- down power in the north. thank you so much for your time. how much of an impact are we going to see from natural disasters, and if we do see one, does it mean because of the efforts and rebuilding after disasters, we could see a big rebound in the next quarter? third-quarter -- yeah, and the third quarter we like to see a little deeper with data that indicated would go down, so we are expecting something like 2.3% reduction, but in fourth-quarter we are likely to see rebound as you indicated. we should see rebuilding activity and rebound in consumption. in japan, there is no 300,000 workers allowed to actually get involved in sectors that face a labor crunch. impact? be the it is a difficult and long-term issue. ofare facing really a kind real shortage now. it is a step in the right direction,

he's the most recent one in his trip to asia laying out all the different areas the u.s. is complaining about pushing back against chinese practices and more significantly perhaps we have elements of a strategy coming from this. one element that seems to have traction is based on the reports that the allies and partners are sharing information to restrict technology transfers to china and each country is putting together a system to control technology transfer to china which is slowing down the effort to get this high technology leadership. a second one is a little counterintuitive, the plaintiffs even though he's disrupted the economic relationship with these allies and partners they have the same kind of concern with china and it is an effort to try to leave something together, how far this will go particularly in light of the poor relationships because it is the bilateral tensions they have is unclear. the third element is of course the various economic and security assistance and security obligations of the united states demonstrated by the bills act and by other init

now on bbc news, live to singapore for asia business report. drop the charges.eijing officials oppose us accusations that two chinese hackers stole intellectual property for the government. former nissan chairman carlos ghosn could be released from custody as early as today. good morning and welcome to asia business report, live from singapore, with me, mariko oi. china has rejected accusations by the united states and the uk that it is involved in cyber hacking in at least a dozen countries. overnight, the us department ofjustice has indicted two chinese men who are accused of hacking into the computer networks of companies and government agencies in the us. the pair are allegedly part of a hacking group known as advanced persistent threat can, affiliated with china's main security service. they have been at this for quite sometime. thejustice department came out, had a big press conference and they announced the two defendants engaged in what they described as a ten year effort to acquire and access information from numerous us corporate targets, including the

welcome to daybreak asia. paul: our top stories, pressure on huawei. canada has arrested the cfo at washington's request for alleged sanctions busting and iran. president trump said china is sending a strong signals about a trade deal but it is not clear what was actually agreed last week. oil slips after opec offers only vague plans to output curbs. the level of any cuts was a discussed in vienna. -- wasn't discussed in vienna. shery: markets in the u.s. are closed for the passing of george h.w. bush. looking at futures, a second session of gains, up .4%. tomorrow will be the big day to see what happens after we saw more easing of tensions between the u.s. and china. we are seeing wti bouncing back factaining .3% despite the they dipped in the new york session p we have comments from opec plus, no details on what sort of production cuts we could get from the group. we are looking at the pound, now holding steady. right now the key question is what happens to brexit has prime minister may is struggling to get

us, bloomberg's asia asset manager, with us in tokyo.st heard from kathleen the latest jobs number out of tokyo. quite a tight labor market out there. chris: yeah, tight labor market and just underscore that everybody is manning the pumps, as it were, in the job market. i'm probably more interesting would be the industrial production figures. in a few minutes, they are anticipated to drop underscoring trade headwinds that the japanese economies facing at this point. obviously, inflation numbers aren't particularly encouraging. taking the whole set of japanese data together, underscores the bank of japan has very little leeway at this point to taper back on stimulus. bank of japan governor kuroda has given signals in recent months that he'd really like to scale back the mega-stimulus that's been in place for more than five years now. but the market volatility, the state of the economic indicators just aren't giving him any little room to do that. kathleen: it's interesting because the bubble rally in bonds helped out the boj. it's a lot e

not quite tracking those losses in the rest of asia.as been interesting how the nifty has held up with a new r.b.i. governor in place. meanwhile, the u.n. weakening -- yuan weakening. manus: you have nymex crude, bad is off,data, cable theresa may comes back home with very little in her pocket aside from chastisement from the europeans. there is no doubt about it. global trade data is beginning irk the big names. pimco saying there is a flashing orange recession indicator. >> apple says it will push a software update chinese iphone users early next week after a local court found it had infringed a pair of key qualcomm patents. the ruling has threatened sales injunctions against older versions of apple's device. the iphone makers of the update --ld foundtial inquiry has charles ghosn's competition complied with french law. of his pay between 2015 and 2018 has found nothing amiss reynold's ceo. he was charged democrat japan with breaking financial regulations. he denies wrongdoing. flying cars could be landing in the real world sooner tha

i don't see that another mainland southeast asia and countries. and i don't see that in maritime countries. if you talk about pakistan and compare burma to pakistan, pakistan does have dedicated government court and of the to support the process, china pakistan economic order. embracement, the embracing of bri has come relatively from the chinese standard, and they were hoping that the governments, they were understanding that with political traditions that happened in 2015, the government could have a different attitude towards the chinese in their country. it has to not to be that the government at the very beginning was quite concerned about the implication of the chinese of a structure projects particularly associated with the deep-sea port. was the crisis in their time state, that is pretty into themyanmar back pariah state or status in the international community. there are sanctions and isolations and myanmar again and i think for now government to deal with that is a political without also created inadvertently or as a consequence is that

yvonne: much more to come from bloomberg's asia coverage in 2018.p next, a conversation with the new zealand prime minister. >> we are geographically isolated, but linked through the trading ties. >> later on, highlights from asian ipos. >> we are an internet company that can do e-commerce well. i don't think there is anything like this in the market. >> this is bloomberg. ♪ yvonne: you're watching a special edition of bloomberg best, highlighting the year 2018 on business, finance and politics. i'm yvonne man. many countries cope with the aftershock of trade tensions this year. new zealand was no exception. it was a signatory to the trade agreement gaining steam at the collapse of the u.s. led tpp. we spoke with the new zealand prime minister in singapore. >> we are a trading nation. we are geographically isolated, linked to the world through our trading ties. for us, maintaining that is incredibly important. that does not mean we don't have a job to do domestically as well. opec nations have been discussing for a couple of years how to have greate

to be very heavily dominated but the view from southeast asia is very different china has done very well and the view from washington from scott's reflections. >> and what is the us motive? what is driving the united states is a sense of anxiety about china that's not the issue that china is screwing us and is very costly to the united states so they take these actions because it isn't a privacy thing but much more the urgency of the background with a variety of people. so that is the tactical sort of thing so we need to respond to that that is the point i would make their. and with that useful intervention to deal with this issue to take a whole set of actions with the wto to do those economic things that our disruptive but to take a very hard position and then they are taking the heat from beijing the previous president did not like tension but this one does it. he can deal with tension. so the upside but the us does it and say yes we agree but that on taiwan with added position and with the makeup and with that china policy over the last 40 years , sometimes china policy, most of

kamaruddin m sophie "day hong kong, welcome to break asia."ur top stories this day with a bruising nikkei futures down almost 5%, concerns darkening the mood. may lost three brex "it"

welcome to daybreak asia. ♪ >> top stories, asia-pacific markets facing pressure after stocks slump inew york. fed doubts and looming shutdown worrying investors. oil continues decline, brent tumbles below 55 ball -- $55. and jim mattis quibble over alliances abroad. >> we have breaking news. we're hearing the white house ordered the pentagon to plan for a withdrawal from afghanistan. the u.s. presence in afghanistan amounts to 14,000 u.s. troops. they've been there since 2001 after the terrorist attacks. trump has been critical about the u.s. -- [no audio] >> differences with the president on alliances, saying president trump has a right to the defense secretary that is more aligned with his own views. now we're getting the latest reports that the white house ordered the pentagon to withdrawal from afghanistan on top of the we sent -- recent withdrawal from afghanistan. jim mattis announced his resignation. plenty to judge us for investors -- digest for investors. the dow falling 2% and the s&p 500 at a 15 month low. the nasdaq on the brink of a bear market, ending only 19.5% below th

we are seeing a mix session in asia. weakness in japan and asia.10 year jgb yield is up a basis point. atwas heading toward zero one point. you are seeing strength in the eaton asian -- indonesian currency. there's been intervention in that market. slamdunk, 9% in two sessions. nobody seems to believe the opec deal. the dollar is down. is it all doubled up -- dubbed up -- doved up. 100 day countdown to brexit. today, we are asking the question on mliv. while we are talking about brexit, the fed is in focus. how many 2019 hikes can stocks withstand? join the debate on your bloomberg. let's get to bloomberg business flash. debra: deutsche bank has seen a surge in turnover among investment bankers and asia since may as cost-cutting and sinking row prompt dealmakers to leave. 50 bankers have left in the last six months. that's 30% of the investment banking workforce. sources say eight managing directors are among them. slumped in extended trading in u.s. after it lowered its full-year economic outlook. earningscast adjusted for the full year, missing t

the crossing point to asia and the holy land. and almost all the wood and then over again tol'able all but leg death. well. and. then he. looks so. we. have a bill that we had. a lot of even. the crusaders who cross the bosphorus now found themselves marching in territory controlled by hostile forces principally the muslims so jukes. a few weeks after they landed in asia minor. they fell into a well set sent. in a short path of the fast majority of the twenty thousand crusaders were slow to. you know me at the if you had. better luck this will have. been a didn't. but while the on discipline drabble of the people's crusade were meeting a tragic end in asia minor. another wave of the holy war. the nobility of europe was gathering stronger larger and more organized on. armies that would go down in history as the first crusade. a policy imposed decades ago pregnant woman part but she could selectively goods and when the border is changing demographics across asia with far reaching consequences are creating a pool of socially disadva

. >> welcome to daybreak asia. >> our top stories this friday, asia faces mixed starts. futures edge higher in japan and china but point lower in hong kong. .arkets remain volatile .nd oil slumps >> let's get you started with a quick check of the markets close in the u.s. session. what a dramatic day it was for u.s. markets. at one point, stocks falling to an eight-month low. the nasdaq ending in the green. rally inis late day large tech stocks. the dow and s&p 500 ended in the red but recouped most of the losses after wiping out this year's gains. the s&p 500 was led lower by energy stocks. we mentioned no clear signs of an agreement out of the opec meeting, but still, we saw them the s&post of losses in 500 down only .2%. s&p futures, though, right now looking down, under pressure, .4%. we have a lot of headlines, a little bit more dovish sentiment when it comes to news coming from the fed but also plenty more that needs to be digested as we head toward the asian open . >> with so many forces weighing on markets, we could be in for a choppy session. banks continue to b

to asia. it reaffirms american values, strengthens american commitments to our many partners and allies in the region and makes clear our enduring pursuit of peace and mutual prosperity. i urge my colleagues to join me in supporting this measure, and i reserve the balance of my time. the speaker pro tempore: the gentlewoman reserves. the gentleman from new york is recognized. mr. engel: mr. speaker, i rise in support of this measure, and i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. engel: the asia reassurance initiative is an extremely important and timely piece of legislation. i'm glad that we will be able to bring it forward today in a bipartisan manner, and that's no small feat. this legislation is so comprehensive and far reaching it was referred to six different committees. i cannot overstate the strategic importance of this bill before us today. in washington, we know all too -- this legislation focuses on the bigger strategic pictu

jeff smith's heritage's own research fellow covering south asia.eritage to the foundation over a year ago from the american foreign-policy counsel. -- foreign-policy counsel. -- foreign-policy council. he is also an author, and is an on that relationship and dynamic. jeff is the author of a heritage paper on the issue we are and you cant today, pick up a copy outside if you are watching online or on television, you can go to heritage.org and download a copy. he will talk about that in his remarks today. jeff will tell you i am his boss, and that is true, but i counted myself as the fortunate one because his office is next ap his braincan t on a regular basis, and he really cannot say no. yun sun,ill turn to director of the china program at the stinson center, worked at brookings, also worked in beijing, she was a china analyst for the international crisis group specializing on foreign-policy in the developing world, and did that work from beijing, so she is well-equipped to talk about the chinese perspective. she has been looking at it and it detai

good morning asia, hello world. glad you could join us. we start off with oil prices and they have been under pressure as some of the world ‘s biggest producers continue their crunch meeting, as you can see on

let's go to our asia business hub where mariko 0i is following the story.shley, because we know this brand extremely well in the uk but we may not understand its links to asia. indeed, sally. store closure that you mentioned of 40, thatis closure that you mentioned of 40, that is in addition to 40 stores that is in addition to 40 stores that have already been shut since 2015. there will only be 120 stores over the country. the link to asia is that the retailer is owned by malaysia's nui group, which bought it 20 years ago after its failed expansion in the us sought its share price collapse in the late 90s. and the ui will have a new boss in the new year and he emphasises that it is expanding the remaining uk stores, but as you say, its focus is really shifting towards asia, they actually have a regional office in singapore which focuses solely on e—commerce into china with the company hopes to open physical stores as well. analysts say the firms e—commerce operations globally are not up to standard and critics say the brand has failed to stay releva nt. say

asia. funding for president trump's border wall remains a key impasse. the partial u.s. government shutdown is likely to last until the new year. welcome to daybreak europe. what a day it was on wall street yesterday. the s&p 500 falling almost 3%. it then reversed to end just slightly in the green. the biggest upward reversal since 2010 for the u.s. equity benchmark. futures not giving a lot of direction. up by 0.1%. nasdaq futures up 0.25%. context, sincee 1990, every comparable reversal came. that is something to think about. we went into a bear market for the euro stoxx 50 yesterday, but stoxx 600 averting that bear market. seems like we could see a bounceback with european equities in two hours time. euro stoxx 50 futures big overnight in the asian session. upward momentum in the 10 year yield. yesterday we did drop as low as a 275 handle. we are 277 for that 10 year yield. dollar-yen on the back foot, the yen heading for its biggest two-week gain since february. when a bit of yen stre