yes, so asia is the laruest supplies? yes, so asia is the largest importer _ supplies?sia is the largest importer of _ supplies? yes, so asia is the largest importer of the - supplies? yes, so asia is the - largest importer of the australian liquefied natural gas so these strikes in australia impact asia a bit more, but in today's environment, whereas the european union has been trying to wean itself off russian dependency, there is a fight for the molecules of natural gas so, you know, europe is in a lot more competition for every unit of natural gas across the world and that's why the prices have become a lot more volatile. we've got a lot more of an interconnected global gas market compared to two years ago. where would those spot supplies come from? say these are strikes to take place, the likes of asia, japan, south korea, malaysia, where would they be looking and competing if europe is also impacted by this? well, the usa is a very large exporter of liquefied natural gas and its supplies have been growing. in fact, earlier on this year, in one of the largest lng f

yeah, so asia is the largest _ other spot supplies.est importer _ other spot supplies. yeah, so asia is the largest importer of - is the largest importer of australian liquefied natural gas, so the strikes in australia impact asia a bit more, but in today's environment, as the european union has been trying to wean itself off russian dependency, there is more need for natural gas. europe is in a lot more competition for every module unit of natural gas across the world, and that is why the prices have become a lot more volatile, we have more of an interconnected global gas market compared to two years ago. where would those _ compared to two years ago. where would those spot _ compared to two years ago. where would those spot supplies - compared to two years ago. where would those spot supplies come i compared to two years ago. where - would those spot supplies come from? say the strikes did take place, the likes of asia, japan, south korea, malaysia, where would they be competing if europe is also impacted by this? competing if europe

in export picture in southeast asia. ., , , asia. in other news this morning. _ asia.his morning, toshiba - asia. in other news this morning, toshiba has l asia. in other news this i morning, toshiba has said asia. in other news this - morning, toshiba has said that a $14 billion tender offer to take the company private will be launched later today. at least two—thirds of shareholders will have to attend up their shares for the bid to succeed. the effort, if successful, could result in activist investors being bought out and effectively returning toshiba to domestic hands. does a's finance chief has stepped down after 13 years at the electric car maker. —— tesla. it came as a surprise because some analysts saw him as a possible successor to his boss, elon musk. michelle fleury has more. it elon musk. michelle fleury has more. ., , elon musk. michelle fleury has more. ., elon musk. michelle fleury has more, ., , ., elon musk. michelle fleury has more. ., , ., ., more. it was a bit of a surprise- _ more. it was a bit of a surprise. in _ more. it was a bit of a surprise.

oil exports to asia are set to hit a record. >> many exports are asia borne.s to do with the fact that saudi arabia has been imposing the steep cuts to output, and traders are saying they are likely to extend those cuts into september. the last tally, around 27 or 29 supertankers booked this month. in industry consultant said -- an industry consultant said exporters are on track to send a record amount of oil to asia in the month of august. the region's seeking replacement from the supply from saudi arabia. they are seeing demand from china, south korea, taiwan, india, europe is expected to take less oil in august. earlier this week, bloomberg reported asia had seen robust demand in recent months, taking it a lot of exports -- taking and a lot of exports, but we are told that is going into storage and stockpiles are almost at a record. there is a concern about economic recovery post-covid in china. concerns remain about the u.s. going into a recession. and has a lot of bulls being a bit cautious even in the face of what would normally be very bullish data. a l

i mean, either east asia or south, east asia or in us. yeah. and i think we have reasons to be worried because you don't know what was the trigger. mm hm. yeah. and the fact you talk about these of reasons, people could be worried, what other potential hotbeds, do you think that there could be essential conflict? yeah, i mean there's so much going on in the world right now. but specifically in this wells area in, in the asia pacific region, ok, you have a korea, the korean peninsula, and then you have a, well, at least in south east asia, we talk a quite a lot about the south china sea, a dispute. and of course, you know, people sort of discuss about it and say to the so worried make us one of the claimant is in this dispute is a china a. but to me, when you talk about south china sea, it's not just china, the countries in southeast asia and, and in south east asia or in a c on, i think we have a culture of a piece of discussion, a negotiation. so a, this is the west or the united states. so is very, very much, you know, want to get involved wi

shery: this is "daybreak asia", counting down to asia's major market open after u.s.new york session. investors adjusting some u.s. economic data showing more moderation of fear, but investors across asia have plenty of asian data tonight just as well. haidi: so much of that focus on china. these pmi numbers with expectations of stimulus measures from policymakers as the focus continues when it comes to the property sector. i -- a lot for investors to be worried about. annabelle: absolutely. country garden is one of those things we will watch at the open of the markets. we've got the start of trading for japan, south korea -- really at the start of trading for cash treasuries. as you say, in the session on wall street, there's that story of bad news becoming good news for stock investors because we saw the u.s. second-quarter gdp revised down to 2.1 percent from 2.4%, and then we also had the adp jobs report adding fewer than expected rolls over the course of august. though this is really just reinforcing speculation for us that the fed is near the end of its signing

meanwhile, does net's _ in southeast asia. meanwhile, does not's finance _ in southeast asia.es not's finance chief - in southeast asia. meanwhile, does not's finance chief has i does not's finance chief has stepped down after 13 years at the electric car maker. his departure came as a surprise because some analysts have considered him as a possible successor to his boss, elon musk. michelle fleury has more. it was a bit of a surprise. he confirmed he was stepping down from his role in a linkedin post and would leave the electric car maker at the end of the year. he also expressed gratitude to his boss, elon musk, and his colleagues, saying that they had accomplished things many people thought not possible. he had been with tesla for 13 years, he took over the finance role in 2019. during that time does not's profits and its market valuation sort. no reason was given for his exit, but his departure does raise questions about who will succeed elon musk, a busy man, who also runs spacex and former twitter platform x. no word yet whether he will inherit the title of master of que

plenty more, daybreak: asia. bloomberg. ♪ the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com ♪\ kathleen: warren buffett'skathleen: berkshire hathaway strengthened insurance business to counter inflationary pressures. vonnie quinn with more details. warren buffett did make it work. >> it's a huge come agglomerates and there are many crosscurrents involved but they seem to make it work and this is in spite of warren buffett having guided lower in may saying there would be trouble in the units. areas of strength included insurance which was unexpected but the geico insurance unit posted a 74% increase. geico performing better. it was unprofitable last year but we've seen higher premiums and lower claims as well as a reduction in advertising spending which is positive and negative. in the

asia has some ofthe isjust natural. asia has some of the world _ isjust natural.ust natural. asia has some of the world 's longest - isjust natural. asia has some of the world 's longest and i of the world �*s longest and strictest pandemic rules for the city centres like singapore's were unusually quiet until not that long ago. that is all in the past now. you have to look around. people are back in the city, back in the office. the central business district is the place to be. if you own commercial property, it is boom time. around the corner, i'm lazy developer is building this. 64 floors of prime office real estate. 11 of which will reportedly go to amazon. fully sheltered. _ reportedly go to amazon. fully sheltered, of _ reportedly go to amazon. fully sheltered, of an _ reportedly go to amazon. filly sheltered, of an underground. there has been no issues getting companies to move in. not only are a flood of chinese and us tech firms coming to singapore, banks and financial companies also see it as a stable base in asia. especially compared to places such as h

hello and welcome to asia business report. i'm mariko oi. us commerce secretary gina raimondo has arrived in china late last night, making her the latest senior american official to visit the country. she'll be there for four days, meeting chinese officials and american business leaders in beijing and shanghai. but tensions have been high between the world's two largest economies with secretary raimondo saying she wont "pull any punches" on her trip but intends to be practical. for example, as the us and its allies blocked china's access to advanced chips, beijing has restricted shipments from american chip company micron, and fined us firm minz for doing what china called "uapproved statistical work". eric zheng is the president of the american chamber of commerce in shanghai. he'll be meeting secretary raimondo during her visit. certainly, i think the us—china bilateral relationship is probably the number one concern for us companies operating in china right now. a lot of uncertainties. so we are very happy that secretary raimondo is visit

that is it for daybreak asia.pbeat music) ♪ ( ♪♪ ) woah. ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. so, you've got the power of xfinity at home. now take it outside with xfinity mobile. constant contact. like speed? it's the fastest mobile service around. with the best price for two lines of unlimited. only $30 bucks a line per month. that's hundreds in savings a year when you wave bye to the other guys. all on the most reliable 5g network nationwide. you really shouldn't walk out the front door without it. switch today at xfinitymobile.com. it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. we have been able to reach over 100 million people impacted and affected, and at risk of hiv. the rocket fund takes all of the work that we're doing, all over the world, and looks at the most effect

for years , there are competitors to be found in east asia and asia in the middle of japan, thailand and the national team of uzbekistan, but our national team is still struggling to advance its own competition. tonight, vahid shamsai, the head coach of the national futsal team, has announced the news to you , dear colleagues. i am glad to be at your service. the football league of our country has started. fortunately, we are one of the few teams in the country where futsal league competitions are held regularly in our country, although economic events have caused me to lose only the financial means, and they are very happy and interested, but fortunately , this train is still there. moving is limited we are not. now it is considered credible by the world. europe, america, and you in asia have a financial majority and the league is authorized by very good leagues at the world level . the death of a very good player in the world . they used to come to iran with these difficult economic conditions . they are open clubs, private clubs and they are struggling . compared to the past, it h

♪ haidi: you are watching daybreak asia from new york, sydney and hong kong. >> the county down to asia'sajor market -- we are counting down to asia's major market open. haidi: the fed is nearing the end of his hiking. chinese banks cutting interest rates on mortgages and deposits, trying to shore up growth. crypto gains across the board as an appeals court gives grayscale a green light for its u.s. etf. shery: futures muted in the asian session opera stocks and bonds gain ground in the new york session, the s&p 500 saying its best day since june we even had regional lenders gaining ground despite the fact that regulators came out with new debt requirements, we actually had tech stocks leading those gains, yields falling for a third consecutive session, two years falling below, marcus repriced expectations of rate hikes for this year and that risk on mood really leaning to -- leading to prices rising under the gains extending in the asian session despite the fact that the russian flows sort to the two month high. really to do with what the fed will do next, we are getting more data later

"daybreak: asia" is next.berg. ♪ 76% of 23andme health customers surveyed reported taking healthier actions. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. every business that's why comcast business de is launching theal. mobile made free event. with our business internet, new and existing customers can get one year of unlimited mobile for free. it's our best internet. powered by the next generation 10g network and with 99.9% reliability. plus one line of free mobile for an entire year. it's the mobile made free event-happening now. get started for just $39 a month. plus, ask how to get one free line of unlimited mobile. comcast business, powering possibilities. shery: you are watching "daybreak asia. haidi:

we are investing equally into all parts of asia and seeing the performance across the whole of asia. but also we are investing in new business lines for us. in the past we have under invested in our wealth business across asia. we had a very good business here in hong kong. we invested in that's. we do not invest enough mainland china or singapore or india. we are correcting that now. you can see the evidence of that in these results. in asia, we took an $27 billion in net new invested assets on behalf of our clients. if you look globally, to the last 12 months, we took an $75 million in net new invested assets to our wealth business. that is a function of the investment program was started over two years ago. francine: how active are you in helping to finance the belt and road objects? -- projects. noel: we look at all those projects taking place, all the big infra structure projects. we are focused on the per structure projects around sustainability at the moment. new hydrogen plants, new wind and solar, ways to decarbonize. we are working with our clients across all of asia but gl

let's update ou on asia and europe. let's update you on something _ asia and europe.e - asia and europe. let's update you on something we were i you on something we were talking about a lot last week. the speech by us federal reserve germany rome powell at jackson wyoming and he told central bankers from around the world that the us will continue to raise interest rates if appropriate because he thinks inflation remains too high. it is currentlyjust inflation remains too high. it is currently just over 3% inflation remains too high. it is currentlyjust over 3% which is currentlyjust over 3% which is higher than the fed's 2% target but much lower compared to what it used to be. mr powell said interest rates could rise further and stay higher for longer which could disappoint some investors. artificial intelligence is changing many aspects of our lives, including the way we work, and social media network linkedin said people should expect theirjobs to change by 65% by 2030 because of the tax by ai. 65% by 2030 because of the tax by al. the linkedin chief economist told

, most of the southeast asia. but even then, it would complicate the coffee list for the united states for south korea, for, for a project that japan, and indeed are probably taiwan as well. so, i guess that is the point right, to complicate the calculus for an adversary. but how much of a club are they really, a china and russia put together? i mean, given russia strained, naval and land forces as a result of the ukraine will or so in this part of the world, the p i c is, you know, it's almost serious in terms of putting pressure. but the russians, i suppose, have fairly capable naval vessels, submarines that could use put pressure, but i mean, that is really further off right now. what we're seeing a lot more of is the sort of grades on activity by chinese maritime militia. by p. c. coast guard, so right now is all signaling i think for and in the event where you would see actual russian involvement that would pretty be pretty high of the escalation that the so a lot of other things would probably need to happen

shery: welcome to daybreak asia. we are counting down to asia's major market open. haidi: treasury features are higher as fitch cuts u.s. credit rating citing worsening debt and deficit and an erosion of governance. janet yellen blasts the decision saying it is based on outdated data. the white house is blaming republican extremism. a grand jury and date donald trump on the attempt to overturn the 2020 presidential election. shery: inflation numbers from south korea for the month of july, the headline numbers is a gain of 2.3% year on year. coming in low expectations by economists not to mention it is easing from the previous month. the slowdown in inflation was pretty much expected due to the comparison with elevated figures during the month last year. month to month numbers a gain of .1% which is again below economist expectations. we are expecting this number two perhaps push higher in the month ahead. this is after july's heavy rains could apply pressure on this number. the core cpi number which is what the back of korea has wesbanco korea has been following exc

asia or certain elements of asia , currencies have been doing a bit better. north asians the korean yuan has been outperforming to a certain extent. there is a bit of a d correlation in that aspect. however, i do believe that when it turns lower, that is where the correlation picks up again. there are different aspects to the correlation story for dollar china. >> talk us through what's happening with the dollar. we had some analysts on the show earlier talking about how the fitch downgraded of the u.s. credit rating was a wake-up call for dollar investors. what do you think? >> from our perspective, we believe the fitch downgraded wasn't expected but if we look at the actual market impact, there was weighing down on equities but the overall market move with regard to the impact on treasuries was a lot more limited. our view with regard to why we are seeing this big steepening is because there was a surprise in terms of the u.s. treasury issuance. from that perspective, that has been pushing up u.s. treasuries a lot higher. there is also the aspect about the

switch today at xfinitymobile.com >> this is daybreak asia counting down to asia's major market opensves in the after hours session in the u.s., the south korean e-commerce retailer coupon seeing gains after another quarterly profit, but of course, it was still a difficult new york session. we saw bargain-hunting towards the end, but it was really a down day, with the s&p 500 falling more than 1% of one point. >> that's right. the likes of c group saying that this program -- pullback that we see is orderly and could set up for for the gains ahead. deutsche bank and others saying that the s&p 500 could hit 5000 by the end of the year. the opening is on us for japan, korea, and australia, and ahead there are couple different stocks we are going to be watching closely, because we are in the midst of earnings here in asia. and we do have softbank, the key one that we're watching here as we get trading underway into tokyo. it is coming online and it is trading fractionally higher in the session, but importantly, it focuses very much on softbank's vision fund. we had seen that reporting fiv

hi, welcome to asia business report. before we get to our top story, i want to bring you some breaking news. yesterday we told you about gas prices, especially given the warning of strikes in australia but now staff at chevron�*s two elegy plants have decided to go on strike, this is an ongoing dispute over pay and conditions. two projects account for about 5% of the global lng production, and there have been fears about an impact on gas prices. the strikes will begin next week and will include rolling stoppages and. a similar dispute at rival woodside was resolved but we are watching gas prices today, that was after the announcement from chevron is in the strikes next week. as we have been reporting, the us commerce secretary is in beijing this week and on monday she met her counterpart, describing the discussions as open and pragmatic. the countries have pledged to hold regular meetings between business representatives with a focus on commercial issues. representatives will also meet to exchange information on export c

hello and welcome to asia business report. i am monica miller. the officials from central banks around the world are gathering at an annual three—day conference injackson hole, wyoming in the united states. much of the focus will be on what federal reserve chairmanjerome powell says when he delivers his speech on friday. investors will be looking for signs the us central bank is nearing the end of its push to raise interest rates which are at their highest level in 16 years. by making borrowing more expensive, the fed has been trying to tame down inflation but if they go too far, the us economy could slow down too much. blerina uruci is the chief us economist at t rowe price. she told me her expectations on the interest rates. the final inflation has been the defining moment in jerome powell's post—pandemic helm at the fed. what i would be looking for is, given the recent progress in the data where core inflation in the us has fallen significantly from the highs of 2022, will powell be ready to declare victory and recognise the progress that has

asia had some of the world's _ isjust natural.ld's longest and - isjust natural. asia had some of the world's longest and strictest j the world's longest and strictest pandemic rules and city centres like singapore were unusually quiet until not that long ago. but that is already pastel. just look around. people are back in the city, back in the office, the central business district is the place to be and if you own commercial property, it is boom time. around the corner, a malaysia developer is building this. 64 floors of prime office real estate. 11 of which will reportedly go to amazon. there has been no issues getting companies to move in. not only are a flood of chinese and us tech firms coming to singapore, banks and financial companies also seared as a stable base in asia, especially compared to places such as hong kong and china. we compared to places such as hong kong and china. ~ ., , ., , and china. we do see that there is more confidence, _ and china. we do see that there is more confidence, more _ and china. we do see

welcome to asia business report with me, mariko oi. the us commerce secretary has arrived in china late last night, making her the latest senior american to visit the country. she will be there for four days, meeting chinese officials and business leaders in beijing and shanghai. secretary raimondo says that she intends to be practical. tensions have been high between the world's two biggest economies. eric erithung is the president of the chamber of commerce and he will meet secretary raimondo. he told me what it is local businesses at the moment. the us—china bilateral relationship is probably the number one concern for us companies operating in china right now. a lot of uncertainty. so, we are very happy that secretary raimondo is visiting china as we speak. what issues will you be asking to raise when you meet her? especially given when she says she will not be pulling her punches but she intends to be practical? certainly, i think us and china are the two largest economies in the world, and the two countries need to figure out a w

this is daybreak asia.annabel jewelers with the countdown to the market opens in sydney, seoul and tokyo. and you can see from the look of this futures board behind me, we are setting up for risk off trading across the region in asia today, even though us futures now trading fairly flat. what is going to be driving that well, there's momentum, of course, but also what came through in the wall street session overnight. and the key headline really was around retail sales. they came in better expected. and so it reinforces why the fed may need to hold higher for longer. also, of course, we heard from the minneapolis fed president, neel kashkari as well, saying words to that effect. so this is the state of play as we head into the open sea. nikkei futures just coming online, 1% to the downside changing on because i mentioned momentum, but we do see that 50 day moving average for the s&p 500. and when you take a look at that, we've actually just broken below it for the first time since march. so a key indicator

that is "bloomberg markets: asia ."more ahead on bloomberg daybreak: asia africa and middle east." ♪ to transform your business. but it still doesn't make you a rock star. so unless you work with an actual rock star. hi, i'm ozwald. hello ozwald. pam, you are a rock- i wasn't going to say it. ♪♪ 76% of 23andme health customers surveyed reported taking healthier actions. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >>

hello and welcome to asia business report. i'm mariko oi.na has been hit by severe weather in the recent weeks, after two powerful typhoons hit the country in one month. more than seven million people across the country have been affected, including in the capital beijing. floods have also hit one of china's top grain—producing regions, raising concerns about food security. earlier, i spoke to regional expert rajiv biswas who explained the economic impact of these floods. the flooding so far in the month ofjuly is estimated to have cost around 25 billion usd. and of course the season for these sort of extreme weather events is not yet over. august and september, historically, have also often had severe weather events, such as typhoons and floods, as well as drought. last year, china was also hit by a very severe drought. so what we're seeing is increasing impact of severe weather events on china. and this is, of course, linked to rising temperatures globally. climate change is very much linked to what we're seeing at present in china and in

asia, risk off, down for a third day in a row. the msci asia pacific, trading.e in 47 weeks, off the back of the adp report, which came in stronger-than-expected, suggesting the fed may continue to tighten. great news for the stock market in asia, read across the board, the nikkei to 25 down 1.4%. the three patch ration of japanese capital from the u.s. will not be happening. the tweak is pretty much halfhearted. the kospi down .8%, losses to the asx 200 along with the asian side breakdown along with the property stocks, because of woes continuing in china. in the fx space, the dollar is front and center. it's flat at this point. losses for emerging-market concerns the -- currencies, for the peso and rupiah. pboc fixing it, more than 400 pips higher. it had the stronger fix every single day since mid june. the bond market, front and center in play, yields trending up, on the back of treasury yields, also going higher. the 10 year yield, the highest level since november. we had bill ackman saying, shorter. rishaad: let's have a look at the open in bangkok. we hav

in asia, a little bit more of a different story because aggregate rates are not too high in asia evenan aggressive cycle last year. in terms of total rates there is so not much they can cut often. hungry is another area we see is a potential favorite as well. in the asia space, most of the interest will remain in places like indonesia and malaysia. given how the central bank has allowed for more currency appreciation overall in the last couple of months it remains unless attractive opportunity. we are sticking with latin america is our most preferred region. paul: let's take a look at the u.s. dollar. how much of a factor is this in your decision-making? the strength continuing to endure there. is this the main factor influence your opinions on em? >> we have recently downgraded our dollar overweight view back to neutral. august is an exceptional month where it is a very high volatile , low liquidity months. what we are focusing on right now is the fed remains the biggest risk in terms of driving yields higher. when you look at recent price action, it is due to treasury issuance being

and to what extent is that alliance about countering china in the asia pacific region? well, the lead is all at pains to indicate that that is not the case. they do not want to wave a red flag as china, as with south korea and japan. very cautious about angling the neighbor and the us as well. well aware of chinese delicacy in this particular matter, they are trying to move away from portraying this as a native type alliance against china, the bite and the ministration has said repeatedly that this is about 14, a closer relationship between the 3 countries. it is not about forming a common alliance against any of the one country. now that may or may not be the case, but this is the public position. and it's one that they all have pains to emphasize . seeing that they do not want any reactions with china diverting attention away from what is a highly significant summit. okay. might kind of bring this place as long as that from the white house. thanks very much. my to defend cease from the west african broke echo awesome, amazing for a 2nd day and gone to to discuss a pos

such a small network strategy, if in europe now the americans managed to do a single nato in asia isecoming more difficult for them. here the states are now betting to wear. union, for example, they started talking about the quadrangle usa canada japan south korea with the main opposition of north korea to china russia, but it is only in its plans they want to create in the image and likeness of kvass - these are the usa, australia and japan and india, but the main competitor has always been listed there. china a year and a half ago, india was included in the quadrangle by the united states and israel against china's influence already in western asia. but if it is in india's interests to weaken beijing as a continent. for the new competitor, it’s still difficult for washington to make an anti-russian orientation out of india, therefore, for strength in the pacific ocean , the main bet is on the axis, and the bite is britain , australia and the united states, and biden is arguing with trump in absentia, who is better, it turns out with alliances, we have significantly expanded our all

kathleen: welcome to "daybreak asia" where we count down to asia's major market open. haidi: apples sales disappoint overshadowing record quarterly services revenue. amazon gaming after the bell as the outlook beats the street. a risk off following a slump in u.s. stocks and bonds focus shifting to friday's jobs report for clues on the fed's next steps. donald trump pleads not guilty in a washington courtroom on charges of trying to obstruct the 2020 presidential election. it -- election. we are getting news when it comes to singapore's ocbc reporting second quarter net income of 1.71 billion sing dollars. a little shy of 1.7 4 billion. being declared of 40 sing cents. net interest margin at 2.26%, the estimate was for 2.25%. the common equity tier one ratio sitting at 15.4%. non-interesting cover, one point z7 bion sing dollars, a little bit of a beat on expectations, total income at 3.6 billion be on expectations, profit seems to be increasing based on a year ago based on what we heard from analysts. we had been expecting that rays to the interim dividend as well, bu

despite the arrivals from asia, businesses l arrivals from asia, businesses of all kinds are still chronicallyis currently lower than it's ever been and employment agencies want the authorities to make it easier to import workers. everything is about two months ago until we get working licence, when working licence is finished, then we send it to the embassy. the embassy may be one months, it may be three months. it depends on the air. and if it continues to pull the countries like this, workers down like they will need all the workers they can before you go, if you've been wondering it does look and might actually happen. elon musk has said a cage match between mark zuckerberg will be livestreamed on next. formerly known straighter. he said all proceeds will go to charity for veterans. —— on x, formerly known as twitter. the two heads have been egging each other into a mixed martial arts cage fight in las vegas sincejune and if the fight does go ahead, the 39—year—old owner of meta is the clear favourite. mr zuckerberg is known to be a martial arts enthusiast who has taken parts and professio

that's all for this edition of asia business report.miller. thanks for watching. bbc news — bringing you different stories from across the uk. # when i take my sugar to tea # all the boys arejealous of me... # the blayze family are absolutely potty about teapots. they've spent a quarter of a million pounds on the biggest collection in the uk, everything from politicians to pop culture and some wild and wacky creations. i've got a favourite, which is a harley davidson teapot, that was made, and i saw the man make it and i saw how hard it was for him to make it. and your one is...? diana. because diana was my favourite person. people say, "why collect pots?" and i always say, "well, why not?"i there's so many different weird and wonderful things. - and once people get- into the museum and they can actually see the different. things that we do, we've got | ones that are size at this sort| of size and we've got a 12—foot teapot in the garden, | you never can believe the things that. people can make. this museum contains more than 8,500 teap

shery: you are watching they back asia. annabelle: we are counting down to the major market opens. >> traders await nvidia results. bond yields still causing concern even as moves moderate. a new report says a third of office desk worldwide remain unused. president xi makes just his second overseas trip this year. shery: we saw u.s. stocks falling in the new york session. we have a couple of catalysts with financials leading the declines in the energy sector also down. when index falling to the june low, really fighting that tough environment we are seeing. we're also watching the tech sector because nvidia fell almost 3% on the eve of these results, and all of this as we continue to see that optimism and excitement over ai and nvidia's results will be testing that. treasury markets really muted today. 10-year yield falling but the two year yield higher, extending gains above 5%. we also had pressure in the new york session and we are watching closely that supply rebound that we are seeing globally. >> just got an alert on

that is it from "daybreak: asia."as we look ahead to the start of trade in hong kong commission jay and shenzen. standby for "bloomberg markets: china open." this is bloomberg. ♪ i may be known for my legendary football career, but truth is, i love a bunch of sports. the only trouble is knowing where to find them. that's why i got xfinity. so, i can easily find and watch whatever sport i'm into all in one place without missing a thing. even if it's football, australian football, or football football. in a word—it's fitz-credible. i got to trademark that one. this season, eligible xfinity rewards members can get up to $100 off nfl sunday ticket from youtube. sign up for xfinity rewards now. wow, you get to watch all your favorite stuff. it's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's called commitment. could you turn down the volume? here, you can try. get way more into what your into when you stream on the xfinity 10g netw

welcome to asia business report. as we've been reporting, us secretary gina raimondo is meeting her chinese counterpart, but so far, there's been no major update. the morning, the following report has flashing images. that includes treasury secretary janet yellen, antony blinken and us climate envoyjohn kerry. all in the last three months. but despite all of these meetings, relations or other most sense in years. . beijing has responded in turn. these are key ingredients in making ships and it comes in the same as expert controls kick in in the netherlands. i have said will only make along with the us had trying to increase production, and on has been seen —— vietnam has been seen as an option. the country is having a hard time maintaining its status as the world's manufacturing hub, making it all the more difficult to bounce back. these did come up in the discussions as well as the curbs from beijing. trade policies have also become a tug—of—war between the economies. secretary raimondo said it was profoundly import

despite the arrivals from asia. _ salary. despite the arrivals from asia, businesses - salary.. salary. despite the arrivals| from asia, businesses of all kinds are still chronically shortstaffed. croatia's unemployment rate is currently lower than it is ever been and employment agencies want authorities to make it easier to import workers. translation: the are to import workers. translation: they are understaffed _ to import workers. translation: they are understaffed as - they are understaffed as everything is about two months ago until we can get working license, when the working license, when the working license is finished, we send to the embassy. the embassy may be one month, three months. it all depends about periods in the year. depends about periods in the ear. �* ., year. and if the croatian coast continues _ year. and if the croatian coast continues to _ year. and if the croatian coast continues to pull _ year. and if the croatian coast continues to pull in _ year. and if the croatian coast continues to pull in the - continues to pull in the punters like this, they w

but it's a different picture in asia.restrictions, people have been returning to the office en masse and city centres are booming again. the bbc�*s asia business correspondent nick marsh joined the lunchtime rush in singapore and sent this report. in singapore, lunch hour is the real rush hour, but this is a far cry from even just the year ago. it's a lot busier. they come round in there and period lines are really, really long. it has changed completely during covid. it used to be like a ghost town. nobody used to be there. and now, as things are opening up, i mean, now it's pretty much back to normal. easy, cheap commuting and a business culture that values face time have spurred the office comeback. while many in western countries are still embracing the chance to work from home, singaporeans haven't been as keen. your living spaces are much smaller and also culturally there is a tendency to live in multigenerational family homes. so if you're not married, you're probably living at home with your parents. as a working

asia x china put together.foreigners only entered the indian equity market at low valuations. this is a sign of confidence and we expect india to outperform. haslinda: further declines in china from here will benefit india? rajat: india is turning out as an alternative. investors are looking at india. what we have noted in some of our recent reports is on many of the economic parameters, india is 15 years behind china, but the equity market confidence is quite good. this cycle is at the end, compared to china, where it is still ongoing, so the corporates are in good shape. there are new demand drivers. this is a new investment cycle altogether. india has almost $3.5 trillion equity market. it has all the ingredients for large institutional investors to look at india, at a time when there is confidence waiting on china equity markets. -- waning on china equity markets. rish: when you look long-term, what are the themes to look at which are investable? how do they change, i know you can't go stock-specific, but g

the hundred asia-pacific equities. on markets. i am seeing some green next to the air sex but it is been a while since i've seen that color. because if you just want to talk about that for a moment, the sectors that are moving higher so far are the two meals and energy and a lot of those are in the air sex 200 followthrough for the most recession because that was the one sector that also move higher. oddly, what is lagging so far is tech stocks. that is not surprising. there worst three day drop we have seen since february. a little bit mixed as we get trading underway. another asset class is prices of bitcoin. if we could look at what we are seeing. we are back at a two month low. we essentially erased all those gains after we saw this going udf or spot it's yet file is coming through. these are some of the names linked here. you can see there under pressure, paul. >> thank you. still to come, we discuss asia travel outlook as china lift its ban on group tours to major cities. first, we have learned the chinese author

please excuse me for such a phrase from south-east asia, from the military of central asia.rrently traveling, you and i cannot. so we will have you and i will have er those er scenarios of development that today we can see what is happening in the european union in the rich european union, that is, at the present moment, why did such a huge number of er, let's say, social groups , social lands in the european union arise in them the issue is serious with the labor force, they created the conditions for that company's labor force to come into their own, which actually were ready to share their population and they created the conditions actually when they arrived there and all the people we discussed with you, central asia, southeast asia, are close the east, that is, that society, which is quite difficult for integration, and it is necessary to understand that these people are ready at the beginning to go to a low level of wages, because where they live, they have huge problems with the standard of living, huge problems with the cost of labor, they are ready to come here, and

semester to seal a 61 wind, and let the celebrations begin. watching dw news coming up next in dw news, asia, china's new tactic to trump, the dissidents living abroad. and what human traffic has a promising migrants from asia. china has that story and more and dw news agent that's coming up in just a moment. i'm i need to look into thanks so much for watching. i'll see you soon. the side it says to move on to the basic goals hitting the country with featured guessing push fast even from their own families. i can be this month. we can use it a lot more now i would lashawnda 100 the slicing social norms seeking their self determined life. let's go from drudgery and to be stuff oldest on d w the you're watching dw news asia coming up to date, false accusations in foreign lands, aging, new tactic to go after chinese human rights activists and their families. also on the show, the migrants who make the dead lead journey across the mediterranean, often do not understand the dangers. and that is because of the human smugglers. on social media apps, lights take talk, we'll take a closer look the .

asia." i'm david ingles with yvonne man. yvonne: the hong kong benchmark is leading declines in entering a bear market as worries mount on the world's second-biggest economy. tencent second quarter sales missed the gaming and cloud business and beijing escalating the battle to support the yen with the highest fixed by since october. the yen tumbling to the weakest this year. david: the wave of risk aversion is spreading and not like it has not done so every date so far this week. we have seen mostly declines across the equity market the more pronounced today. we are down 1.3%. not a lot of attention. there has been a pickup in several inflation print's coming in above expectations this week and that is probably one. the u.k. is a good example of that. you're moving into jobless claims in the u.s.. yields are pushing even higher. the 2-year yields are at 5%. we had hawkish fed minutes. we have news out of china and you couple that with the hang seng index. yvonne: we talked about bear market

welcome to bloomberg markets, asia. i'm david inglÉs with haslinda ahmed in singapore has we have some breaking news to tell you about as we await, of course, another set of breaking news in a couple of seconds in the form of the rbnz. that's right. trepidation. meantime, though, you talk about that breaking news, chinese shadow bank zhongrong international trust missing dozens of payments as the fallout spreads. as if we need more bad news out of china. it is missing payments on dozens of products and has no immediate plan to make clients whole, indicating dave troubles at the embattled chinese shadow bank are deeper than previously known. now products with missed payments grow to dozens and that's according to officials familiar with the matter. of course, we're awaiting for rbnz as well. yeah, we're as expected. that's right. maintaining the benchmark interest rate at 5.5%. of course, dave, it is widely expected all 20 economists we surveyed expected as much. but the question is really whether or not governor adrian

the next decade, the world is becoming multipolar, one of the key roles in this process is to play asiaf which are the locomotive of world economic growth , the focus of the global economy and politics. more and more is shifting to this region. that is why, including within the framework of the sco, it is important not to lose time and develop the eurasian space , the president of belarus has never shown this, despite the fact that 2/3 of the agreements within the framework of the sco relate to the security sphere. currently. direction of mutual economic interest , this is the initiative of the president of belarus to ensure food security of the sco, an increase in the share of national currencies in mutual settlements. the transit potential of the shanghai cooperation organization (sco) tourism uses the potential of the sco to promote its own interests in the energy sector, mainly in the context of the commissioning of the belarusian participation in belarus in matters of further pairing the eu one belt one road initiative. developing world and g7 for global southeast, as the journalis

yvonne: had a fixed income for asia.g onto another big story that is just hours away, the first release of treated nuclear waste water. up next, a closer look at some of the regional reaction and what's really behind it. ♪ when you automate sales ta you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh i need it cool at night. you trying to ice me out of the bed? avalarahhh baby, only on game nights. you know you are retired right? am i? ya! save 50% on the sleep number® limited edition smart bed. plus, 60-month financing on all smart beds. shop now only at sleep number®. rishaad: we are looking at the japan exchange group ceo who came into that role late last year. he saying that the yen has become too weak and essentially the benefits for equities are diminishing and he not too worried about tokyo's record rally as he does see other factors boosting the benchmarks. >> the strong interest from both business as well as the japanese business, i would like them to continue. but in

third world , others unite into new centers of power and demand that they be reckoned with africa asiaeast latin america and today we will talk about which blocks able to play a key role in the new reality and where belarus is already present so, while individual hegemons are rapidly degrading, there are many countries on the planet that want to work constructively and fruitfully in the western press. it is not customary to write much about them, creating the illusion of an already ephemeral unipolar world. today we will not talk about the eaeu, of course, an important and significant union, we will touch on a direction that you may not be so familiar with. most often, analysts single out the geopolitical triumverate of the sco organization briks and osians let's start with the first geography of association is impressive from the atlantic to the pacific and from the arctic to the indian ocean. the territory of the show today, including observers of more than 60% of the eurasian continent, is especially important in the current environment of geopolitical turbulence. this is what the p

charlotte: it's a sea of red this morning in asia. we're seeing weakness across key equity markets after signs the u.s. interest rate could hold higher for longer. and more negative headlines coming out of china. starting with japan, the stoxx year cap a hit after data showed exports fell for the first time in two years. also, the currency weakening for the ninth session, entering the level of 146.4 against the dollar. authorities stepped in to boost the currency last year. stocks in korea fell. kospi fell as much as 1.7% before erasing losses. yesterday an benchmark remains in negative territory -- australian benchmark remains in negative territory. turning to china, we had a volatile session. the hang seng index falling more than 2% is morning before technical rebounds erased most of that losses. onshore stocks had a pretty ugly early session. concerns are prevailing around different corners of the economy. for investors the key pain point is the property sector. data from private providers and local agents shows housing prices are