let's go to our asia business hub where rico hizon is following the story. is posting better than expected process, that's due to global growth and depends, the automakers as its profits are in the first of there, they edged up to 0.6% compared to the previous year, sales in north america which is toyota ‘s biggest market, they rose 56% is accompanied with —— produce more trucks and suvs. the decrees some of the discount they have been giving which has been helping the bottom line. as for sales in asia include china, they come 3.4% and has been expanding its sales in china which is the world ‘s biggest auto market where demand has been really strong recently for some of its sedans and some of its new models, there is some concern that go—ahead, there trade tension with the united states, and the administration had threatened to post tariffs on these cars service ofa post tariffs on these cars service of a see what happens next quarter, --. that's talking through some of the business stories. —— let's talk you through the business stories. two former employee

we will be live to our asia business hub for the latest.ther it is cars, clothes, smartphones or the raw material to make them, the vast majority of the stuff we buy is sent around the world by ship, and the greenhouses gases that produces are being targeted at a un meeting here in london this week. in fact, 90% of global trade involves stuff being moved around by sea. but the industry wasn't included in the paris climate agreement, which the us is pulling out of. however, it is signifcant because it creates about 3% of the global greenhouse gas emissions that are causing climate change, and that is why governments want to reduce them. one answer is to slow ships down. it means it would take goods longer to get from factories to shop floors, but one study estimates a 20% speed cut could reduce emissions by 24%. other solutions include cleaner fuels and more efficient ships, as the un's international maritime organisation's seeks to cut greenhouse gas emissions by at least 50% by 2050 compared to 2008. richard meade, editor of lloyd's listjo

let's go to our asia business hub where rico hizon is following the story.he market moves. these bills are complicating matters. these two bills will now be going to president trump. items like teargas. it's legislation includes a requirement with reports are certified by the secretary of state. that distinction protects hong kong from the punitive tariffs that washington has opposed on the bill also because for sanctions against officials responsible for human rights violations in the territory. beijing as we know. president trump would veto the legislation is during ongoing negotiations but the unanimous vote in the senate could make a veto difficult for the president and this is indeed having an impact on the global financial markets. would you fake being ill to avoid going to work? over half of young adults here in britain would, according to a survey of moral attitudes by the bbc. many also feel under pressure from a ‘long hours' culture to be at work longer than they need to be. let's show you some details. the bbc found 40% of people would take a sick

let's cross to rico hizon in our asia business hub in singapore. mind of macron, do you think? trade, trade, trade! that is high on his agenda. he has brought within a large delegation of french business representing 30 companies who want to increase imports of their goods into the mainland. this, sally, is all in an effort to get beijing to agree on the terms of an eu—china trade agreement. france currently has a trade deficit with china, that is almost 33 billion us dollars, in fa ct almost 33 billion us dollars, in fact that is the largest deficit france has with any of its trading partners followed by germany. as for china, they buy french dairy products and pork as the country grapples with this one fever outbreak causing a rapid rise in pork prices. the european union and its members are trying to secure an agreement with china before tariffs are slept on airbus planes, wine, and cheese. we shall watch this space. we thank you very much indeed. how much time are your kids spending glued to their screens? we're all being encouraged to limit th

but this week things have changed and the hang seng has racked up some losses.let‘s go to our asia business hubfollowing the story. mariko, there is a real sense this week that the protest between the pro—democracy protesters in the way the reaction, someone being shot earlier this week, it's changed. indeed, sally. as you mentioned, until recently, until this week, the local stock market didn't exactly respond to those ongoing clashes, sometimes violent clashes but on monday we saw that ball about 2.5% but as you mentioned, we are seeing a fall again but as you mentioned, we are seeing afallagain in but as you mentioned, we are seeing a fall again in the hang seng market and it feels like investors are now willing to start to worry about how these clashes could come to an end and of course, the protest used to be just contained over the weekend, i was there, many times and by monday morning, everything goes back to normal, back to business but this week, we are starting to see those violent protests spreading to university campuses, affecting the central business district so it feels like inve

let's go to our asia business hub where shara njit leyl is following the story. what's going on?sentially it will create a $30 billion company which will become japan's largest internet company. it will also be a viable global competitor in the artificial intelligence by stopping many more details will be emerging at a press conference that they are holding later today, so no specific details on how much money, for instance, is changing hands on the steel as of yet. yahoo japan last month changed its name to z—holdings, and the deal to merge with line will be completed by october 2020. it is coming at a time of heightened political tension and this merger might be the two countries most significant economic cooperation of the last decade stopping japan and south korea have been engaged in a trade row over political differences going back to japan's treatment of comfort women and world war ii. these companies have also competed in fields such as digital payments and this alliance may allow them to consolidate in that area, both companies we know have also been investing an artific

let's go to our asia business hub where rico hizon is following the story.e details on this. at this point, beijing is offering some fresh concessions to washington, as the two economic giants try to hammer out then many —— there many trade deal. this is quite a positive development on raising penalties and violations of intellectual property rights, which has been encouraging from market investors, the hang seng is up more than 1%, and all the other asian market forces are also in positive territory. china is also looking into lowering the threshold for criminal punishment for those who steal intellectual property. 0ver who steal intellectual property. over the course of the negotiations, washington has been pressuring beijing to commit to cracking down on ip theft and start forcing us companies to hand over their commercial secrets as a condition of doing business on the mainland. the chinese have really been tough on these key issues, but it seems like they are buckling down. the two countries have been working towards a partial trade deal and leaving the

sharanjit leyl is in our asia business hub in singapore to bring us the details.wilbur ross's visit. that's right, well, as you say, he is in southeast asia, indonesia this week. he is with a delegation of senior us business executives from 17 big firms, eve ryo ne executives from 17 big firms, everyone from boeing to tesla stop one of those stops is indonesia, which is keen to retain its preferential trading status with the us. the us is one of indonesia's largest direct investors with $11 billion invested in the country last year. but knowing's presence in the delegation may be problematic. we know of course that the plane maker is underfire know of course that the plane maker is under fire over two crashes involving the same 737 max aircraft, one of those crashes involving an indonesian airline, lionair, in fact family members have just observed the one year anniversary of that tragic crash on 29 october last year -- lion tragic crash on 29 october last year —— lion air. really hard to imagine what kind of concessions boeing is likely to make. we know they have

shoji joins us now from our asia business hub. between the us and china is taking its toll notjust on china but also on economies in this region including the likes ofjapan. for insta nce we including the likes ofjapan. for instance we saw the chinese economy betraying signs of strain today with data coming out. chinese investment rose to a record low is the trade war continues to bite. the readings of course a lot more painted chinese authorities. because of the tariff row and a week global outlook all the while trying to control a mountain of debt at home. growth in industrial production fell just mountain of debt at home. growth in industrial production felljust over a whole percentage point from last month and lower than expectations. retail sales grew 7.2% but that number, again was notjust short of expectation but also lower from september. analysts continue to warn of economic challenges facing the world's second—largest economy. it's a6% world's second—largest economy. it's a 6% growth in the third quarter. all this having

sharanjit leyl has the latest from our asia business hub in singapore. great to see you.s all about? you asked if they had succeeded, well, not yet. we are referring to the comprehensive economic partnership that involves 16 countries and is a trade pact that china initiated. it has been in negotiations for years and the expectations were for it to be finalised at the asean summit in bangkok this weekend but that has been delayed to maybe next february with reports suggesting that india had a last—minute demand that led negotiations late into the night. it would be the world's largest trade pa ct would be the world's largest trade pact covering nearly half the world's population and one third of the world's gross domestic product. of course now that the trans—pacific partnership deal is no longer, in fa ct, partnership deal is no longer, in fact, this deal is considered a less restrictive tpp without as many same —— safeguards on important things like the environment and other issues to thailand, the host nation and current chair of the asean grouping said that there woul

let's go to our asia business hub where rico hizon is following the story.o, tell us more about this story. westpac, samantha, is indeed ina very story. westpac, samantha, is indeed in a very tough situation after being accused by the country's financial crime—fighting agency of violating anti— money—laundering laws on more than 23 million occasions. regulators say westpac ignored red flags and enabled payments from convicted sex offenders and high—risk companies like iraq, zimbabwe, lebanon and the congo. banking analysts say each breach is liable for a civil penalty of 11-15,000,000 breach is liable for a civil penalty of ii—is,000,000 dollars, which leaves west westpac open to crippling fines if they approved in court. in 2017, samantha, the commonwealth bank of australia was accused of 50,000 breaches of monty laura laundering and antiterrorism laws, a case later settled by $500 million, the largest civil settlement. this comes at a time of heightened global regulatory scrutiny following high—profile scandals involving several global banks and this has s

let's go to our asia business hub, where rico hizon has been following the story.t is the wework and uber investments that have really drained the deep pockets of softbank‘s vision fund, which has raised nearly 100 alien us dollars. —— billion. its second fund is coming very soon but apparently softbank is struggling to raise money for it. apart from the japanese conglomerate, the fund also has two major backers. saudi arabia, which invested $45 billion in abu dhabi, but now saudi arabia says it might only invest whatever profit it gets from the first vision fund, while abu dhabi might reduce the offer to less than $10 billion. here's also one of the main issues. as of now, you mentioned 70 companies in their portfolio. 35% of the fund's holdings are in transportation, logistics and real estate, including uber and wework, and the only sector currently reporting decent gains is the consumer sector, but that only accou nts consumer sector, but that only accounts for 15% of the portfolio. it's interesting to note the majority of the recipients are in the us and asia,

maura fogarty is in our asia business hub in singapore. tell us more. there. we have all seen the iconic pictures of these bullet trains, a symbol of japanese progress, partially submerged by the forces of mother nature after typhoon hagibis ripped through forces of mother nature after typhoon hagibis ripped throuthapan just last month, killing nearly 100 people and causing massive flooding all throughout central japan. we have got confirmation today that indeed these ten trains have been scrapped. there was just far too much damage done, both the motor and braking systems had been damaged and there was no way to make them fully functional back again. now, the japan railway operator is saying that roughly it will cost them up to £100 million in losses as they write off these trains that are no longer going to be operational. back to you. thanks, maura, interesting story, the cost of the typhoon on so many levels. let's look at the markets in asia, pretty lacklustre, because there were rumours swirling around that a deal between the us and china would no

let's go to our asia business hub and karishma vaswani.rticular the mainland chinese market and investors out here in asia. and certainly we saw appetite for the shares from those sorts of investors today. the share pricejumped some 7% on the first day of trade, so really underlining the fact that many people out in this part of the world, and in particular mainland china where the company makes more than two thirds of its revenue, really quite keen to snap up these shares. is this a sign of confidence in hong kong despite all the turmoil? i think certainly that's what the ceo of the hong kong stock exchange would like people to believe, and at the listing ceremony that alibaba had on the floor of the hong kong exchange earlier today both alibaba hong kong exchange earlier today both aliba ba and hong kong exchange earlier today both alibaba and the hong kong exchange officials were saying this isa exchange officials were saying this is a really good symbolic gesture of support for hong kong as an international financial centre. support fo

asia business report. hong kong violence flares. how the ongoing unrest threatens to push the asian financial hub deeper into recession. yahoo japan mergers. they confirm its plan to create the countries exist internet company. hello and welcome to asia business report. we start with hong kong because police have moved on hundreds of protesters occupying a university campus after a long stand—off. university campus after a long sta nd —off. protesters a re polytechnic university have been hurling petrol—bombs and shooting arrows at police from behind barricades and that comes in the latest fla reu p barricades and that comes in the latest flareup of anti—government demonstrations that have convulsed the city for over five months. the u nrest the city for over five months. the unrest has already pushed hong kong into its first recession in a decade with concerns that the ongoing protest will trigger a longer and deeper economic downturn. i think it has become a lot worse over the past ten days in particular. what triggered it was the first time a protester was shot, a teenager was shot about ten days ago. over the weeken

asia's most important financial hubs and so. started more than 5 months ago members of the business community were also out on the street demonstrating now that the situation in hong kong has become much more violent are they still on the side of the protesters well yes i would say this is the people last year on the side of the protesters of course they don't agree with the violence used by radical protests but they believe that home khan's business confidence rests on the existence of an independent judiciary that up holds the rule of law and individual rights and so on just yesterday we saw how beijing try to interfere hong kong's really intended so the business people are worried that if the one country 2 systems formula doesn't apply when it comes of course then standing up home and international business and financial center is in trouble right you mentioned independent judiciary there is certainly one of the trademarks of hong kong how important is the economy of hong kong and its special status for the government in beijing. well if we look at china's overall g.d.p. hong kong as important as the last and in the past few years

we are right in the heart of the business district of asia's financial hub and look at it.awash with riot police, there have been clashes with protesters as these protests just don't just go on but have started to take a darker turn. this morning, anti-government protests in hong kong reaching a new level of violence as police now say they arrested over 260 people in just one day, most are students. demonstrators are angry their demands for more freedom from china and police accountability aren't being met. a mob of protesters ganging up on this one man in white, a sign of how intolerant and angry this movement has become as others run through a shopping mall smashing windows. hong kong's chief executive issuing a stern warning. >> if there is still any wishful thinking that by escalating violence, that hong kong as a government will yield to pressure to satisfy the so-called political demands, i am making this statement clear and loud here, that will not happen. >> reporter: the violence is raging on both sides. authorities clashing directly with protesters at the chinese

business. it is a great listing venue. it is one of asia's leading financial hubs. oury: thank you for that, capital markets reporter.aking news at the moment. acquiringidering hitachi chemical estate and hitachi chemical. we heard from citigroup saying that $900 billion purchase would be very negative under the terms reported, at least by nikkei. we have heard about this potential acquisition of a stake in hitachi chemical. they are always considering various options, that nothing has been decided on hitachi chemical at this time, however, they are considering acquiring a stake in hitachi chem. we are seeing hitachi high-tech raising on this report. we have seen the company now up the most in more than five months, so there rally continues. from ahead, hear more bloomberg's exclusive with onc's samuel on the plans digital banking and the leadership succession. paul: but before that, we are going to be joined by a portfolio manager to talk about the macro issues of the day. she is joining us, next. this is bloomberg. ♪ paul: this is "daybreak asia." i am paul allen in sydney. shery: i am shery ahn in new york. msci w

asia's financial hub. global banks are telling people to steer clear of protests. thererd for banks moving businessesthe city? iain: especially this week, we saw that citibank staffers surrounded by cops, berated, tried to run, and was tackled, that brought it home to some people in the financial district that the protests are not something that only affect diehard protesters. we had teargas going off in front of louis vuitton stores and bystanders getting caught up. you hear the chatter of people moving, a lot of events canceled , and noncritical meetings have been canceled in the city. that is something that has become regular for people over the last couple of months. there has not been big, serious talk of moving headquarters and stuff. a lot of analysts who look at this thing have suggested there is a difference between people who are already embedded here, have stakes down, and people who are considering further investments here or expansions here. that stuff is on hold, but for people who are already here, they are trying to do work from home arrangements and more flexible things. there is no