we year has been another tough run for ipos in asia.— for ipos in asia.number _ for ipos in asia. we can see the number is _ for ipos in asia. we can see the number is down - for ipos in asia. we can see the number is down by - for ipos in asia. we can see the number is down by 80%| for ipos in asia. we can see i the number is down by 8096 of the number is down by 80% of the number is down by 80% of the poster by 40%. principally drive by the kuh down in the china and hong kong used to be the ideal powerhouse. the main reason was with china — the chinese government is temporarily implementing what we call a periodic tightening policy in approving the ipo in hope that it can actually boost liquidity and also redirect funding to encourage industry and also improve the quality of the ipo candidates. for hong kong, it is actually the peak interest rate and also hong kong has a very unique situation that most of its ipo candidates actually originates from china. given the china economic recovery is used to expectation but is picking up, so these factors combin

economies in asia.rowth in the tech sector in asia, which represents a big component of infrastructure. data centers. that's what we are really investing. we have three farms to invest in renewables. green data centers and serving offshore wind developers. energy storage to help fortune 500 transition to net zero carbon goals. rishaad: 50% of your funds are allocated to three platforms. tell me about them and can you give specific examples of how they are making a difference? james: our energy transition is large sectors but they are evolving sectors. the way we look at infrastructure is different. we really believe that infrastructure is underpinned by technology and engineering innovations in technology doesn't stop. we don't see infrastructure as a financial product, it evolves over time. in asia we have to involve the community, the regulators, customers, technology transfer, so then we can be here for the long run. some of the projects they are showing, this is our data center project. we are invol

~ economies in asia going into 2024? . ., economies in asia going into 2024?, ., , 2024? we are hoping to see some imroved 2024? we are hoping to see some improved economic _ 2024? we are hoping to see some improved economic momentum, l improved economic momentum, significantly because we have seen some of the feedback. we have a member tell term ever we have a member tell term ever we have the cost—of—living increase in exports, imports and so forth, but that has not been helped by what has been headed relentlessly strong... —— we have to remember. should we see some signs of inflation easing, globally, specifically in the developed central banks, level —— that will go through into other economies. we cannot forget china is so important asia pacific wise. specifically in the asian region, that matters more as well. in other business news making headlines... foreigners will have to pay to put the fees on existing ones in australia. australian treasurerjim chalmers said this will, quote, help ensure for an investment in residential property is in our national i

central asia essentially knows no borders.e authorities have to take very radical measures to combat crime simply because in kyrgyzstan, due to a number of objective subjective reasons, the status of reducing the influence of organized crime on government, society and the economy has been somewhat delayed, and uzbekistan, kazakhstan, partly tajikistan, again , for various reasons, but have already passed this stage, who earlier, some later, in uzbekistan , the fact that they are putting things in order there, and doing approximately the same thing as they are doing in kyrgyzstan, i will repeat again, because this crime knows no borders and organized crime with kyrgyzstan, as far as one can judge. to illustrate why we devote so much attention to this criminal topic. this is how they said goodbye to kolya kirghiz at the funeral in chelpanat. thousands, if not tens of thousands of people came to see the thieves off on their final journey. all this criminal crime romance now has become so popular in the region that organized crime

.— in europe and asia. europe and asia. while we managed to _ in europe and asia. while we managed to produce - in europe and asia. while we managed to produce those . in europe and asia. while we - managed to produce those chips, the agreement between south korea and the netherlands, how significant? it korea and the netherlands, how significant?— significant? it is a positive development. _ significant? it is a positive development. xml - significant? it is a positive development. xml being l significant? it is a positive - development. xml being banned from the market inside china needed another market. the samsung asml relationship, 155 us dollars deal, us partners trying to work with other partners so they do not lose out on the china market by opening up new markets that are non— chinese markets. haifa opening up new markets that are non- chinese markets.— non- chinese markets. how do ou see non- chinese markets. how do you see 2024 _ non- chinese markets. how do you see 2024 shipping - non- chinese m

southeast asia is very important for - asia is very important for japan and they thinkjapan has been, japan is the most trusted partner of southeast asian countries, according to a number of studies. so when you put in the context of us china competition, for example, japan is a clear winner there, the regional countries don't want to choose china orjapan, china or us, but clearly their preference and trust towards japan stands out. so i would see this upcoming summit is really a cherry on the cake because japan's efforts to build that trust and relationship with southeast asia nations has been a long—term one and the summit is only to highlight all the achievements and good trajectory that the relationship has been on in the last 50 years. so there will be a lot of new initiatives to be announced, but so far a thing japan is playing a very crucial role in being stable, trusted, but also a partner that is interested in empowering the southeast asian countries. the asean grouping has been criticised in the past for talking a lot, but not doing much. do you think that is changing now?—

that is right asia _ election promises. that is right asia has _ election promises.hat is right asia has a _ election promises. that is right asia has a long - election promises. that is l right asia has a long history with the potential pain they can come about through devaluation. so does argentina. this is a story they have seen before. what we have heard todayis before. what we have heard today is more than halving the value of the peso, devaluing it. what it does is brings it into line with what is currently worth. well and truly welcomed the decision by the international monetary fund for the inner statement we heard them say this is going to help, a bold move that would help stabilise the economy and set the basis for more sustainable and private sector led growth. the first group we have seen by the newly appointed economy minister and when mrjavier milei be sworn in as president on sunday. it has been quick. a huge roof. whenjavier milei huge roof. when javier milei came huge roof. whenjavier milei came into office he promised shock measures. he walked aroun

to the east coast of the — york and asia to the east coast of the us— york and asia to the east coastwe cannot go through— of the us if we cannot go through the panama canal because it is very constrained because — because it is very constrained because of the low water levels. _ because of the low water levels, and we have to ship through— levels, and we have to ship through the suez canal that adds— through the suez canal that adds five days, then we have to id adds five days, then we have to go around — adds five days, then we have to go around the cape of good hope that adds — go around the cape of good hope that adds another six days. potentially things cannot get sorted, _ potentially things cannot get sorted, we will have to live with — sorted, we will have to live with 11_ sorted, we will have to live with 11 days extra for cargo to id with 11 days extra for cargo to go from — with 11 days extra for cargo to go from asia to the east coast of the — go from asia to the east coast of the us— go from asia to the east coast of the us and that will be very expensive. of the us and t

shery: welcome to daybreak: asia. we are counting down to asia's major market opens. haidi: traders are holding back from big bets ahead of the u.s. cpi numbers. central bank decisions set to test hope's rate cuts are on the horizon. japan insiders tell bloomberg official see no need to rush to ending the -- president xi and china's top leaders begin their annual economic conference to set the 2024 growth target. shery: take a look at how u.s. futures are coming online. downside as u.s. stocks marginally rose in the new york session turned cautious trading ahead of a busy week of central bank decisions. s&p 500 index holding above the 4600 level. nasdaq 100 outperformed. we saw a rally in chipmakers. investors digesting more data from the new york fed survey showing consumers near term inflation expectations dropped to the lowest since 2021. coming ahead of cpi data on tuesday and the fomc decision on wednesday. treasuries a little mixed tiered mostly fell led by longer end. 10 year yield slightly higher to the 423 level. would continue to watch oil prices. wti seeing

daniel russell from the asia society — aggression.gression. daniel russell from the asia society and policy _ aggression. daniel russell from the asia society and policy institute, . asia society and policy institute, many thanks for your time. mi; many thanks for your time. my pleasure- _ around the world and across the uk, this is bbc news. let's look at some other stories making news in the uk. british teenager alex batty, who was found in france after being missing for six years, has returned to the uk. alex vanished with his mother and grandfather, in 2017 while they were on holiday in spain. his mother was not his legal guardian. alex was found on wednesday last week by a motorist, who spotted him on a road near the french pyrenees. arsenal legend ian wright has annouced he will step down as a pundit for match of the day at the end of the season. mr wright made his debut on the bbc programme as a player in 1997 and became a regular pundit in 2002. writing on social media, he said the decision "had been coming for a while" and wa

shery: this is daybreak: asia.ting down to asia's major market opens after that risk rally we saw on wall street with the dow finishing at a record high, two-year yields plunging by the most since march. markets really reacting to that dovish tone from the fomc. chair powell even acknowledging that rate cuts were discussed. haidi: exactly with the markets wanted to hear. but my question is given we saw signs of exhaustion even through the course of that press conference, i wonder if this is setting up for a disappointment when it comes to the ultimate santa claus rally. the question is whether we can stick the soft landing scenario all the way to 2% inflation. shery: and as we get there, we have already priced in the dovishness coming in 2024. we saw the dollar declining to the lowest level since august. on the other side we saw incredible strength for the japanese yen, which is holding at that 142 level. take a look at the nikkei right now coming online, .66% higher and extending the gains we saw in the past three

pacific.— asia pacific.asia pacific. what about philanthropists and - asia pacific. what about philanthropists and the | philanthropists and the investment coming from them? the enzyme budget for dental project effort is important, but designs being given away are far less... have a much lower tolerance for risk, and we looked at returns that are much more visible. unfortunately, invest in inclement requires you to take a longer term view and as such philanthropists tend to invest more in sectors like education and health where you can see quicker returns on their investment, but climate philanthropy is still important because if you can have catholic addict first loss capital to finance solutions are on climate mitigation and adaptation, you will find there would be much more appetite among investors to come in. your team is there in dubai, what your expectations? my what your expectations? m expectations is what your expectations? mg expectations is cop becomes more than a talk show, we are starting on a p

the east asia summit, in this light, was seen as potentially just another talk shop, and u.s.ategists at the time did not want to empower this kind of organization. but even in these years there was some appreciation of the value of some trilateral or mini-lateral frameworks and we did see the trilateral security dialogue with japan, the united states and australia, the initial long of the quad and the six party talks, which i mentioned, and over the next decade we began to see more embrace of these smaller, more flexible arrangements. on the defense side we saw growing edition of partners to bilateral military-- mill to mill training exercises, there were vigorous attempts, again, the security side to strengthen the u.s., japan, are okay trilateral security cooperation . there was the launch of the lower mekong initiative with partners in the mekong region in southeast asia, and in addition to the quad, there was a launch of the u.s.-japan- india trilateral framework, and conceptually there was defense secretary, ash carter, defining the u.s. approach to indo pacific security

it is amazin: trading partners in asia. it is amazing that _ trading partners in asia.ey _ trading partners in asia. it 3 amazing that they managed to produce that ship with all of these controls in the agreement that south korea and the netherlands, house agendas that. is netherlands, house agendas that. , . netherlands, house agendas that. is a positive development in bein: that. is a positive development in being banned _ that. is a positive development in being banned from _ that. is a positive development in being banned from the - that. is a positive development i in being banned from the market inside _ in being banned from the market inside china needed a market access— inside china needed a market access into the creation of a non-china _ access into the creation of a non—china markets important for this and — non—china markets important for this and the samsung relationship which is about 7 million — relationship which is about 7 million euros deal is 755 million _ million euros deal is 755 million has facilitated trade deals— million has facilitated trade dea

hello and welcome to asia business report. i'm suranjana tewari. let's begin in the us where nike has unveiled plans to cut $2 billion in costs over the next three years. it comes after the sportswear brand missed expectations for quarterly sales. nikkei also warned of lowered revenue ahead. its shares fell by around 10% after the closing bell. michelle fleury has the latest from new york. once a taste maker, sneaker giant nike is falling behind, adidas and new balance are wowing the fashion set with their new styles and colour waves while runners increasingly have more choice thanks to newer brands. nike set sales of footwear in north america, which is its largest market fell 5%. in china, another key market, which is slowly recovering, footwear sales were down 1%. now, on the bright side, if you take footwear sales together with nike sales of footwear in north america, which is its largest market fell 5%. nikkei executive said they are working to improve things, announcing $2 billion in cost cuts over the next three years. the sneaker giant plans

all of these are more positive stories were asia and that's where we see more of the asia rally come through. foreign-exchange implications, i think first half dollar-asia, probably a bit of a flatter profile. second half, dollar-asia heads a bit lower. i think the korean won would be a big beneficiary from the boom we are seeing right now. the hi carrie currencies, inr would also like. -- the high carry currencies, inr, we also like. growth is doing well, but we have an out of consensus view where we think growth disappoints and the bot may be forced to move earlier. dollar asia probably goes higher, but the thai baht probably a bit lower. taiwan has always been a low yield or. it really outperformed in november, saw massive inflows. we think it still will be benefiting from that, but then we think geopolitics around taiwan will be a bit conservative. we have elections coming in january. it's going to be a difficult ride, i would say, for taiwan, especially heading into u.s. elections. taiwan, we are a bit more cautious on that currency. the trade surplus has widened. we think that

so in the economic race countries of the asia-pacific region.am may become the leader by the end of the year, leaving both china and india behind. what are the bonuses for us? firstly, money appears for the creation of a joint product, with which we are already entering the huge asian market, which is 630 million people. it would seem that minsk and hanoi are separated by 8.00 km or almost 12 hours on the plane. the countries have been linked by friendship since soviet times. but based on the results of our delegation’s visit. governments signed new agreements, as well as contracts, in hashimine officially opened its consulate general. we will now talk about cooperation with the ambassador extraordinary and plenipotentiary of belarus to vietnam. vladimir vladimirovich, this is how justified our strategy is to develop active interaction with southeast asia. correctness must be noted. of the course that was announced by the head of state to turn to asia, it should be noted that trade turnover between the countries in the region of responsibility o

what else do you remember about the past week in asia?oned the new building of the tajik crisis management center . this is a three-story building of the most modern emergency equipment on the territory republic. before the eyes of the whole world , a new geopolitical reality is being built, which is caused by a multi-crisis of the economy and the risks of global conflict. this opinion was expressed by nursultan nazarbayev at... at the plenary meeting of the astana club discussion forum. the first president of kazakhstan emphasized that he always advocates finding compromises and resolving any disagreements through dialogue. in uzbekistan, for damage caused to flora you will have to pay from 3.5 million to almost a billion, depending on the rarity one plant or another. and the fines for killing red book fauna have been increased 10 times, so that, for example, hunting a leopard will cost hundreds of thousands of dollars. by the way, recently in the gesar nature reserve in the kashkadara region , for the first time in history, a group of f

asia.e, including citizens of russia and uzbekistan, died in a fire in one of the local hostels. it worked for only a month and a half and was located in the basement, which is strictly prohibited by the legislation of kazakhstan. people did not have time to get out of there; they were poisoned by the acrid smoke. athletes are female athletes from more than five. countries visited the capital of turkmenistan to participate in the world kurash championship. this is a traditional turkic wrestling, in which the winner is determined by the number of successful throws from standing position. the host country of the tournament led the medal count, with five gold, six silver and four bronze medals. and the revelation of nursultan nazarbayev. in his book of memoirs, my life, the former president of kazakhstan admitted that he had a second wife, whose marriage was concluded in muslim custom; according to elbasy, in the mid-2000s, asel isabaeva gave birth to two sons, tauman and baiken, and his first

as well as asia.a has outperformed by 10 percentage points against china which is more than 20 percentage points, so that is a huge return for global investors and indian investors. what working in their near favor is the political stability as well as policies which are aimed at expanding india's share of global supply chain, which makes it a kind of alternative to china. a lot of global companies are looking to set up plants in india or shift their production, a part of the production chain to india. domestically, things in india remain robust. the retail trading boom continues and continues to see more than $1 billion of mutual fund inflows monthly, which offsets the selloff foreign investors in india have been able to absorb huge selling pressures. however, there has been a sharp selling in india. short-term selloffs have taken place, but indian markets have managed to cover that. that is the entire team which is in haslinda: favor of india. haslinda:we are seeing foreign investors coming back to

or lost in asia. what you mean by that? asian _ or lost in asia. what you mean by that?es are i by that? asian countries are the most gloomy economies in the most gloomy economies in the world and this has a number of indications for the economy, for climate, free environment, as on the one hand, asia, because of the large economies, growth, asia contributes to 50% of emissions. at the same time asian countries are moving forward and moving over the steve kerr are promoting renewable energies, so asian countries are also working with us to build infrastructure projects for tomorrow. this means that asian countries' infrastructure development will not increase emissions. they would actually reduce emissions ljy would actually reduce emissions by for instance mass transit systems, electric vehicles, by phasing out coal—fired power implants and building renewables.— implants and building renewables. . �*, , , ., renewables. that's president of the asian infrastructure - the asian infrastructure investment bank. to the world of work now, which has changed a lot in the last f

shery: this is "bloomberg daybreak: asia."assets taking a breather on the wall street session today. we saw the s&p 500 at the highest level since march. we are down from those levels and treasury yields going higher. haidi: the come back when it comes to the greenback. the aussie dollar wiping out its gains. we are focusing on the communication, the press conference and what the governor says. we expect a hawkish hold. annabelle: that is what we have seen from her. the open for japan and south korea. the focus in the session coming down to global inflation pressures. in the last half hour we saw the tokyo inflation numbers. tokyo inflation is a leading indicator of the national trend. it suggests the country's price growth moderated last month. the core reading, two .3%. lower than expected. headline core, undershooting economists predictions. telling us it is supportive of what the boj thinks about inflation. the boj things inflation pressures will cool and that has been cited as a reason for why they have not pivoted away f

the property for premium in southeast asia is boeing. you have mass demonstrations very often against the us supports for each line. and all the other hand, the funny knowing that it's best to try and i have this part of the reason we have to understand that the chinese they're very happy. oh, why did they see that the most the majority come to the southeast asia. they're holding funds by much the americans are doing. so. i mean, we should expecting the following days of accomplishing the region to for sure. we small to malaysia is doing most probably indonesia might announce similar thing. and this will make life very difficult for you. all right, and is, i mean, okay, so that was from, oh say we're going to have to leave it that. thank you very much for taking is 3 that that's all. see a jessica. you, who's a journalist and assistant professor at the international islamic university of malaysia. well, more than 6, the people have been arrested at a protest in the us capital cooling for c, sparring garza and demanding us a to as well as

to most search notjust in asia but around the world.— most search notjust in asia but around the world the world. to the train show u- with around the world. to the train show up with anything — around the world. to the train show up with anything with _ around the world. to the train show up with anything with regards - around the world. to the train show up with anything with regards to - around the world. to the train show| up with anything with regards to the sport sector. up with anything with regards to the sport sector-— sport sector. there were huge interest in _ sport sector. there were huge interest in the _ sport sector. there were huge interest in the baseball- sport sector. there were hugej interest in the baseball classic sport sector. there were huge - interest in the baseball classic due to their historic win, depending on the country to have multiple titles of that. a lot of interest in the women's world cup just popped of that. a lot of interest in the women's world cupjust popped up in india, australia, really across the pacific. that was huge for audiences you can g

that is it from daybreak asia.tinue as we look ahead to the start of trading in shanghai, hong kong, and shenzhen. this is bloomberg. ♪ an ever-changing landscape comes with challenges. from our vantage point, we see opportunities. as a top-ten real estate manager, we harness the power of a 360° perspective, delivering local insights and global expertise across public and private equity and debt. our experienced team and vast network uncover compelling opportunities giving our clients an exclusive advantage. principal asset management. actively invested. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they w

that is it for "daybreak: asia." time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. alot like savings! blendjets holiday sale is on now! give the gift of convenience the blendjet 2 portable blender is perfect for everyone on your list. even that picky relative who hates everything. and dont forget the accessories! theyre all on sale! dont wait! our most popular colors and patterns will sell out! go to blendjet.com and take advantage of our holiday sale now. an ever-changing landscape comes with challenges. from our vantage point, we see opportunities. as a top-ten real estate manager, we harness the power of a 360° perspective, delivering local insights and global expertise across public and private equity and debt. our experienced team and vast network uncover compelling opportunities giving our clients an exclusive advantage. principal asset management. actively inve

daybreak: asia with a check on markets for asia, starting on a high note.is jay powell's presser where he said rates are restrictive. he did not push back on expectations that hikes could be imminent or cuts could be imminent but markets are interpreting his statement as dovish. that is why the market is seeing moves in treasury yields coming through the retreat as investors bet that the fed and central banks have done with their tech tightening cycle. that is playing out. in commodities were seeing gains . we had gold touching a fresh record high, copper as well moving in shanghai. aluminum, oil with gains to the upside. in the currency space the softer dollar you are seeing the korean one, japanese yen back below the key level. other moves, the japanese yen is playing out for stocks because they are lagging in the session which is making japanese exporters sensitive to the moves in the local currency. we are seeing gains to the upside. lots of sectors but they eeev battery materials supplies, let's take a look because we are seeing big jumps across the bo

want to come on "daybreak asia." -- more to come on "daybreak asia."oc, if you had to choose, would you give yourself a root canal or run payroll? oh, run payroll. paying my team with gusto takes just a few clicks. they automatically file my taxes for me too. can i run payroll too? choose payroll without the pain. >> -- global management says it is harder for investors to beat indexes in public markets. the ceo told bloomberg exclusively that better returns can now be found in private assets. >> we have had a sea change. we have had it 15 years. so much of our public markets are indexed and correlated. 80% of volume, s&p 500. 100% of our returns this year are from 10 stocks which constitute 35% of the s&p. it traded the average pe of 50. how many of us are looking to buy 50 stocks? not many. what i am suggesting to you is that public markets are so correlated and indexed interest rates into money flows that if you want alpha outperformance, you need to step away from public markets. i think that is happening and i think we are revisiting the notion of

region, the asia-pacific region is now the most dynamic region.rey, i have a counter question for you, you are a person with very rich international experience who has worked for many years to build ties between east and west. what is your opinion about the meaning far east in a global perspective. for a very long time we underestimated the potential of the fact that, after all, the economic forge of the world, it was quickly moving to the east. the chinese are wonderful. for russia , the far east region is the region that will lead us to the big market, it will lead us to the big world, to the next technological cycle, in fact, and here it is very interesting to build ties with china, korea, japan, and south -east asia, then with india, and since now the guarantee of our well-being is our wealth, it’s like the development of trade, the development of technology business, the development of not just raw materials, as it used to be, but the development of our inclusion as a high-tech player in global chains. and naturally, we cannot simply rely on

as always in the center of asia, stay safe!racles for every resident of the city, and my dad built a real castle without any magic, everything wonderful that happened in the past year was done by you, so celebrate yourself, scooter, holiday - it's you, take credit cards, transfer debts on the hill conveniently repay, pay less, peas corn global village 67.90. pyaterochka helps out, long-lasting cream color palette gives rich color, triple care system restores, moisturizes, nourishes hair from the inside, without gray hair, palette is your best choice of color, with a credit card everything will be as you want , everything will be as you want, it will be the world on yours will be wet for me in short. radio for 2,449 rubles on avito. polisorp is always with you against poisoning, allergies, hangovers, it's time to drink polysorp. hello, there is a gift waiting for you in the megaphone. buy infinix from connection and get a second smartphone. a gift, only in a megaphone. it is getting better and better, up to 16% per annum on depo

asia and goal country regions.hina. so i expect that our asean expression will boost our gdp many times. at asean expression will boost our gdp many times.— gdp many times. at the same time, southeast _ gdp many times. at the same time, southeast asia - gdp many times. at the same time, southeast asia is - time, southeast asia is grappling with many issues geopolitics, economy and also issues like man mark lamont military rule as well as china possibly growing influence as well. how do you read the landscape of the region in the year ahead?— landscape of the region in the year ahead? the big challenge and embarrassment _ year ahead? the big challenge and embarrassment for - year ahead? the big challenge and embarrassment for all - year ahead? the big challenge and embarrassment for all of. year ahead? the big challenge i and embarrassment for all of us in southeast asia and for the international community is the unresolved conflict where tens of thousands of people have been brutalised by the military regime and el

what else do you remember about this week in asia? people, including citizens, worked for only a month and a half and were located in basements, which is strictly prohibited by the legislation of kazakhstan; people did not have time to get out of there, they were poisoned by acrid smoke. athletes from more than 50 countries visited the capital of turkmenistan to participate in the world kurash championship. this is traditional turkic wrestling, in which the winner is determined by the number of successful throws from a standing position. medal. awards and revelation of nursultan nazarbayev: in his book of memoirs, my life, the former president of kazakhstan admitted that he has a second wife, the marriage with whom was concluded according to muslim custom, according to elbasy, in the mid-2000s, asel isabaeva gave birth to two sons, tauman and baiken, and his first wife sarah and three daughters, ultimately took it as normal. kazakhstan is near uzbekistan, according to the french press, uzbekistan can purchase 24 aircraft , kazakhstan

>> you are watching "daybreak asia," new york, sydney, and hong kong. >> we are counting down to asia's major market opens. >> the top stories this hour. is stocks set for a lower open as traders await the jobs report . oil is extending declines as the brief rally fizzles out. the boj could scrap negative rates as soon as this month. he wants them to be china's key partners on trade amid their highest level of talks in four years. annabelle: some breaking news out of south korea. we have the current accounts data -- the current account widening to 6.8 billion dollars. it was a bit of a surprise. the current account surplus at $5.42 billion so we have that widening to $6.8 billion and if you take it in context, last year, the october surplus was 1.63 billion dollars so a massive difference there. the goods trade surplus was $5.35 billion versus 7.424 september -- 7.42 for september. that came in at 1.2 5 billion dollars in september. -- in october. a little bit of a mixed set of data. we will see how markets react of course when korea opens but as i say, we have u.s. october goods trade

hello and welcome to asia business report. let's start in latin america where javier miliei has been sworn and is argentina's new president. as we have been hearing on newsday the libertarian economist said shock treatment is needed to jolt the country out of an economic crisis with inflation heading towards 200%. on the campaign trail he also included plans to shake up its relationship with china saying, he will not deal with communists. however, the chinese foreign minister is wanting it would be a serious mistake for argentina to cut ties with the country. rebecca rea senior researcher with the global china initiative at boston university says it is hard to break ties with the world's second—largest economy. javier miliei may not do business with communists but his farmers are happy to do so. it is important to bear in mind that while javier miliei came to power on a china sceptic platform he also came to power on a pro—business platform. in one of argentina's most important business sectors creating the largest number of e

let's go from south asia to southeast asia.d the chinese envoy after clashes which took place in the south china sea with chinese and philippine naval vessels, just involved with various clashes in parts of the territory which is disputed. south china sea escalation between the two countries over maritime territory prompted the u.s. to reiterate its commitment to defend manila. these are some images we had of this argy-bargy as it were between these boats and ships. there's a lot more on the way, this is a developing story. this is bloomberg. ♪ rishaad: this is what's going on in the crypto space. bitcoin down 3%, we were down over 4% at one stage, 42,003 and 49 bucks, the sec warning that crypto investments can be exceptionally risky. this price move to the downside coming against perhaps liquidation of $200 million worth of bitcoins, i should say. here's a look currency-wise, the dollar has stabilized a bit. we are looking at an event packed week that peters inflation data, the fed's final meeting of the year, aussie dollar $

weekwhere cargoe is arrivin fr asia.aively disruptive rticularly aa time where the trel is increasing it is very disruptive. >> very disruptive as far as time give us a sense of cost. how does it impact the oan shipment costs for customers and you as well. are you able to pass along the costs? >> the costs over the weekend have doubled they are climbing every day. a lack of space now. people are realizing there are noessels in asia on the back end of january, ople are looking at a diffulsituation. we have had coersations th our cuomers about e sts. saw t supplchain ring cod and e suezrisis. a lo perioof timand if it escalate >> we are showing the audience the red sea now. narrow parts of transit where the ships get through ich makes them susceptible to attacks. i want to ask you about the container ships your company has in the region and from maersk and other companies which were diverted what kind of goods are slipp sh and what is impacting europe and asia and the middle east >> allin of products a ken thugh the. thing

to asia, provoke there, escalate the situation, create new military-political blocs.ally told recently that moscow refused a serious , justified proposal to return them to the united states of america, is this true, and why not return them home, maybe find some kind of compromise with the united states regarding returning these men home, and maybe this could influence the improvement of relations between russia and the united states, which are quite difficult now, but okay, i understand, he is in prison without... trial, investigation and at the same time they mentioned that his detention was extended in custody, but if he was extended keeping in custody, then this was done by court decision, so to say that this is without a court of investigation? incorrect, that’s what concerns the possible, possible, possible extradition of these citizens on the territory of the russian federation, but this is all rhetoric, but it’s not that we refused to return them, we don’t refuse, we want to come to an agreement, and these agreements should be mutually acceptable and should sui

in fact, we're at record lows in asia, is this sustainable?tainable, there might be some backup in the spreads, but as i touched on earlier, in addition to the technical backdrop which is around lower issuance, or negative net issuance, which means we still see on the margin next year maybe 130 to 150 billion of gross issuance which will remain negative. there is also a fundamental story. when you look from an asia ex japan perspective, you have strong fundamental stories like india and indonesia which are supported by the investor base, specifically investing in investment grade. that has potential to continue. rishaad: you have two sides. let's look at markets pricing multiple rate cuts, maybe not as many as they were pricing two days ago. that would, of course, be taking a view that the economy in the u.s. is likely to have a meaningful slowdown. who is getting it right? which is the better predictor, the credit market, or the rates market? neeraj: normally, i would start with the rates market. the building block for risk assets in the worl

what else was memorable about this week in asia?rm was shut down in samarkand. was disguised as a furniture workshop. the owner registered the enterprise under a false brand, in fact placed equipment for the extraction of cryptocurrency in the rented premises and loaded the power grid to its full capacity. the damage amounted to about 10 billion sums. kazakhstan refused extradite nikita kislitsin overseas, who is accused by the united states of committing a number of cybercrimes. instead, the russian citizen will be sent to his homeland, where he also became a defendant in a criminal case. let me remind you that, according to the investigative committee , kislitsin gained access to classified computer information and was engaged in extortion. a meeting between the president of tajikistan and the director general of the opec development fund took place in dushanbe. as reported, mali rahmon and abdulhamid alkhaliv agreed to deepen bilateral cooperation, and not only in energy, but in other areas, be it education, health or agriculture

that's all for the moment on asia | all for the moment on asia business report.hank you for watching and do stay with bbc news. bbc news bringing you different stories from across the world. local say they live here for the peace and wildlife. cameron guthrie has lived here for over 20 years. guthrie has lived here for over 20 yew-— guthrie has lived here for over 20 ears. ., . , 20 years. concern is when i get u . 20 years. concern is when i get u- in 20 years. concern is when i get up in the _ 20 years. concern is when i get up in the mornings _ 20 years. concern is when i get up in the mornings and - 20 years. concern is when i get up in the mornings and open i 20 years. concern is when i get | up in the mornings and open my curtains, i'm not going to see the fields behind me, with a sheep or wildlife, i'm just going to see a wall of prisons. plans were first submitted by the ministry ofjustice for a new prison adjacent to the current prison over two years ago. it was refused permission by the district council. however, that refusal has now been overturned on

rather than sort of creating a situation which is peaceful for people living in that part of west asia. okay, say with me, let me get done in on this conversation, don't, there two distinct polls, those who support genocide and those who are against it. mean, how do you see this this current situation playing itself out? especially when we look at it, you are an activist when you look... had it from that perspective and what's happening in the world? the first problem that we have in that situation is uh defining who's the who here when you say those who support and those who don't, who are we talking about? we're talking about governments, that's one thing, and if we're talking about the people upon which those governments rest in one fashion or another, that's something else. presumably those making policy at the government level know exactly what's going on. and with some familiarity with the terminology, the term particularly genocide, understand that there is a genocide going on. um, for the bulk of people, particularly in the west, say in the 10 countries that voted against the u

to the country , they participated in the asian robot competition in 2023, they were the first in asia, and after them china and mali . it includes 10 girls and 24 boys . returning to the country is really a very significant honor it is the first time that we are participating in the asian games, and it is interesting that iran is the only representative of west asia, which actually took the first place among the 12 countries in this game. and now they are preparing themselves for the 2024 world championships, which most likely will be held in russia next month . i think these are the same kids who ranked in our country a while ago . the morning program, hello, the reporter and their robots have arrived i see the interesting thing about different provinces in the list. yes, isfahan, kerman, shiraz , they are in different places, and the departure of different provinces that formed this team shows that elites are widespread all over our country after service. in fact, there are 23 teams in the innovation league , and 8 iranian teams are in it, which is creativity, and it is interesting

the french set their sights on the skies of central asia.ssels is meddling again with its sanctions. norsultan nazarbayev spoke for the first time about his second family and sons, and kyrgyzstan will go forward under a new flag. and again the auditor. if only the west would be vigilant. for the third time this calendar year to central asia, specifically to kazakhstani and. european official david osalevan granted uzbekistan a bad sign; they wouldn’t even call a good person a special envoy on sanctions; brussels approved the punitive position back in january 22 to ensure continuous high-level discussions with third countries on restrictive measures against russia. since then osalivan solves a difficult problem: to intimidate, but not to offend, to put pressure, but not to push away, and simply to force him to act in a way that is harmful to himself. obviously, the central asian government. are unlikely to follow the instructions of brussels and washington, while any secondary sanctions will automatically transfer the central asian state into

or to come on a break asia.isberg. ♪ hey, doc, if you had to choose, would you give yourself a root canal or run payroll? oh, run payroll. paying my team with gusto takes just a few clicks. they automatically file my taxes for me too. can i run payroll too? choose payroll without the pain. shery: you are watching daybreak a check. these are some of the latest stories. china relaxed homebuying curbs in beijing and shanghai, extending an unprecedented housing downturn. authorities cut down payment ratios for first and second homes who was low as 30%. more residences will also qualify for lower mortgage thresholds. china's november activity data dump is due in a few hours. bloomberg economics says you're on your industrial production and retail sales may look more solid than in reality saying that more potential recovery is likely to emerge from the less scrutinized month on month figures pre-the ppo see holding the one year friday at 2.5%. they say the big fund in -- injection in november suggest the central bank

it's about a quarter in asia pacific.

in terms of military production and indigenous military industries in western asia practically we havehat's a long way from where it was. was just decades ago when it even needed to import barbed wire, barbed wire which it was denied. in fact, it was during the imposed eight-year iraq-iran war of the 80s, what is known in iran as the holy defense, that the western and eastern blocks united for the first time since the cold war against what they assumed as a common enemy, iran. mr. ali abdi told us about iran's situation before the establishment of the islamic republic of iran. from the us or other powers like uk primarily from the western block, we had minimal dealings with the eastern block except for few vehicles like jeeps. our air force had 100% dependency on western resources, even the overhaulds were conducted by american technicians. the navy followed a similar path, the most significant tank we possessed, the chief. tank wasn't suitable for iran or our region, admittedly, its procurement was a mistake according to experts, it wasn't feeding for our country, in a sense, we were

only knew after his martur them that martter hash qasim sulaimani was the mastermind behind west asia's axis of resistance, but today in the aftermath of the al-aqsa flood operation in occupied palestine and the supporting fronts in lebanon, syria, iraq and yemen. "we not only see his blessed touch, we feel his presence with every call cried out by resistance mujahidien as defight back the aggression of both sionist israel and the united states occupation in our region to. to discuss the role of haj qasim sulaimani, our martter in this glorious unified battle and the rising capabilities of resistance factions across west asia, with us from beirot is his eminence sayid hashim suffiddeen, head of the islamic resistance hisballah's. council in lebanon. on the fourth anniversary, your eminence of them of the lieutenant general qasim sulaimani, one of the founding fathers of west asia's axes of resistance, how do you view the fruits of the labor of the martter qasim sulaimani in the regional confrontation that the entire axis of resistance has been entangled in for almost 90 days now? in the

humanities and when on morrow secretary general of the unesco's memory of the world committee for asia and the pacific, we thank you both for for taking time to share your perspectives and in engaging us in this discussion. we are also particularly fortunate, very fortunate to have, as a facilitator of this discussion, our colleague christopher brick, who i'm very pleased to introduce now to provide more comprehensive introductions. thank you all again for for this plenary session. thank you bob and thank you to all the familiar faces. i around the room. it's wonderful to be back in person. yeah it's wonderful be back in person. thank you serenity. thank you michael cohen. thank you, bob, for the leadership these last four years. they have not been easy not at all. and. i think it's particular a special occasion for me to be able to welcome a dear friend and warm eddie, welcome for the wonderful nih chair shelly lowe. she joined us today. she's our vip, i think just the first thing i said to her when she walked up today. thank you for joining us, geraldo. and also joining us live from

frederick newman is hsbc�*s chief asia economist.what we can expect from the world is two biggest economies in 202a. the data is a reminder that inflation is still with us. not disappearing overnight. the numbers are steadily declining but not at the speed many investors had hoped. the fed may hold for the time being, watch the data come in and maybe start to cut next year but it is not a done deal at this point. given we actually still have inflation. that means interest rates will remain elevated, it is hurting consumers in the us and probably will mean we get a gradual slowdown in the us economy over 202k. it is a bit of a different picture. in china where we have falling prices but also a property crisis. as we mentioned, the recent outlook downgrade made news headlines. president xijiping sounds very confident about china's economy. what is your outlook for china's economy? you're right, it is the opposite problem and in many ways because prices are falling at the moment. suggesting the economy is very weak, consumer spending is

at the same time, south-east asia is - time, south—east asia is grappling with many issues — geopoliticsrowing influence as well. how do you read the landscape of the region in the year ahead? well, the biggest challenge and embarrassment for all of us in south—east asia — and, for that matter, for the international community — is the unresolved conflict in myanmar, where tens of thousands of people have been brutalised by the military regime — unelected military regime — unelected military regime — unelected military regime — who think they are a law unto themselves, acting with absolute impunity. they are completely isolated in asean, but they are getting military hardware from russia — of all countries, it's actually russia that is providing military hardware to myanmar, enabling it to persecute the war. china tried to help pacify the situation, but the military — nor to asean leaders nor to china. after months of speculation about the future ownership of manchester united — the club has announced that the british billionaire sirjim ratcliffe is buying a 25% stake for around $1.6 bill