policy in the asia pacific region. i want to thank our distinguished witnesses for appearing before us today and for your continued service to the nation. america's national interests in the asia pacific region are deep and enduring. we seek to have a peaceful expansion of free trade, free market and free commons air, sea and space and cyber. these are values that we share with increasing numbers of asia's citizens. for seven decades, administrations of both parties have worked with our friends and allies in the region to uphold this rules based order and enlist new partners in the shared effort. an effort that now extends to states like indonesia and vietnam. no country has benefitted more from a peaceful regional order in the region than china. i am betraying my advanced age when i say that i remember being in the great hall of the people on the occasion of the normalization between our countries. since then, china's development has been remarkable and it is added to the prosperity of the world. unfortunately, we inc

let's have a look at what's happening as we go to the asia pacific heading for the biggest five-day risece 2011. just getting the close for japan for their lunch break. >> rish, japan going into the lunch break very strong on the back of this trans pacific partnership seeing the nikkei up by 1.5%. we've also heard from the finance minister of south korea today saying that perhaps korea will join the t.p.p. as well. we are seeing a big pickup in the kospi index and one also 5%.her the kospi up by 0. the hang seng has come off a little from the earlier session high still a big pickup in glencore shares and the casinos. malaysia and singapore and gentleman carta looking jakarta looking strong. australia getting a boost from the tpp. this is a picture on the asia pacific index at the moment. you can see ev sector is green. oil and gas leading the charge on that rebound in the oil price that sector up by over 2%. well, here are some of the stocks in australia that will really benefit from the tpp. wurley parsons having a solid rally up 10%. in korea of course samsung announcing that share buy

might take advantage of the deal to expand its economic influence in the asia-pacific region. countries have two choices under the aany greemt. one sets the protection period eight years or longer with the option date of protection will expire after five years. regulatory requirements will expend the effective protection period to eight years. the focus of talks in the automobile field was the so-called rule of origin. negotiators decided to set the ratio at 55%. japan requested 40%. mexico and canada wanted a higher figure. the u.s. decided to abolish the 2.5% tariffs on japanese auto parts. delegates of member countries spent a long time trying to create a trade packet in the >> the tpp free trade talks began in 2010 including the united states and australia. four more countries joined the talks later bringing the number of members up to 12 by 2013. the gap between emerging countries and the u.s. stalled talks. in april 2014, americans changed their position on tariff elimination. they accept the nations to man tan tariffs at a certain level. negotiators from japan and the u

it is the middle of the trading day across the asia-pacific. ng kong and this is "asia edge." rishaad: a look at our top stories. that sinking feeling, nintendo takes a plunge after pausing its new smartphone game. the president has said things were on track. samsung jumping on news of a $10 billion buyback. offset disappointing figures on sales and revenue. a banking bazooka. stockpile bigger than that of the fed, e.c.b., and bank of england combined. >> also this hour, the road ahead. china's party elite wrap up their meeting in beijing. we are expecting details of the next five-year plan. a burning issue, the smoke from the legal forest fires sees indonesia becoming the world's worst polluter. it is affecting china and the u.s. -- surpassing china and the u.s. brainstorming for baidu. we have an exclusive tour of the incubator driving innovation for china's search engine. that report and much more in today's edition of "asia edge." >> keeping an eye on the markets on a day when asian stocks are paring their biggest monthly advance in six year

as we look across the asia-pacific, and back to london.mazing with more than half of those china home sales improving since may. that is falling on the back of u.s. data. let's talk about markets closer to home. equities rallying across europe. draghi says he left investors little doubt he is ready to employ stimulus to boost economies. now the prospect of more qe saw the euro dropped to seventh against the dollar. mr. draghi flagged the downside risks to growth. mario draghi: well your area of domestic demand through test concernsesilient -- over growth prospects in emerging market, and possible repercussions for the economy from developments in financial and commodity markets. continue to signal downside risks to the outlook for growth and inflation. the degree of monetary policy accommodation will need to be re-examined in our december meeting, when the new euro system microeconomic projections will be available. the governing council is willing and able to act by using all of the instruments available within its mandate, further loweri

on exercise in the the asia pacific. jazeera.re watchle al president obama has plans to keep u.s. troop troops in afghanistan beyond 2016. delays plans to withdraw completely from the cub. relatively quiet day in israel. no new attacks in jerusalem, as they expand their presence across the city after weeks of unrest between israelis and palestinians. and the syrian army has launched it's anticipated offensive in the northern country side, the fighting focuses on two areas, and. >> through reports coming out of buts sell which is appear to suggest that the european union reach as deal with turkey to stop the number of refugees trying to get into europe. $3.4 billion in h support to turkey, and in return they have been asked to increase incentives to syrians to stay in turkey, 600,000 people have reached europe already this year, with many says they simply can't cope with the numbers. >> turkey gets money and then with that money they try to make conditions better for the syrians? what is it supposed to do. >> according to the wording of this agreement, it is a preliminary agreement

unfortunately, i think it is starting to creep into our asia-pacific strategy. let me give you one obvious example. when we were at the shangri-la dialogue, we made one point at the outset to meet with secretary ash carter and we were literally walking around the conference together, the chairman of the armed services committee, the secretary of defense, a republican, a democrat, ranking members of the armed services, we were doing that purposely. [no audio] sen. sullivan: the white house does not seem to want to do that . why does that matter? some of you might recall what happened in the spring of 1996, now returned to the third taiwan straits crisis. china had moved forces close to taiwan, was shooting missiles in terms of a provocation with regards to the taiwanese presidential election. surged twolinton carrier battleships to the region, not 1, 2, to show american resolve. there was a time on the debate and i remember hearing it on the radio and i was thinking, hey, this is kind of provocative. wasone else on the show actually saying that we need to send [i

i think it's part of america's rebalance to the asia pacific, the indo asia pacific, so it's not juststates navy, it's the countries in the region, they have a shared and mutual interest in maintaining stability. >> reporter: during the exercise, 600 u.s. marines and sailors took part in several large amphibious beach assaults. the united states showing their presence here in southeast asia with sanctions rising in the south china sea, exercises like these are also seen as a show of force. in one of the world's most. [ inaudible ] waters. many around the region hope the two super powers will be able to control themselves. >> this kind of events is not immediately so dangerous, >> reporter: southeast asian nations hope to speed up negotiations about a so-called code of conduct. it aims to regulate freedom of navigation as sea and over flying rights to contribute to peace in the south china sea. but it may be too late with u.s. plans to test the waters and carry out its freedom of navigation exercise very soon. step vaessen, al jazeera, jakarta. >>> opposition parties in brazil will app

let's look at the markets across the asia pacific. is closing up for an hour thereabouts but the global rally is up just at the moment just running out of steam a bit. >> that's certainly right. you see maybe some profit taking. investors waiting on the sidelines to use a frequently used term ahead of the federal reserve meeting and the bank of japan later this week both central bank meetings critical as the fomc decides whether to keep its current monetary policy in place or to raise interest rates or whether japan will indeed add to its monetary stimulus. take a look at what's happening. new zealand the only market advancing right now and that is probably because new zealand was closed yesterday. you see investors playing catch up. the regional benchmark was up yesterday. right now it is down by 0.6%. shares in shanghai moving right now sharply lower. check it out. 2.25 of 1%. the move on the market a dramatic fall at this hour despite the fact that industrial profits for the month of september came in generally better than expected

military activities in the asia-pacific. previously he served as alaska's attorney general, his can mission or of natural resources. moderating the conversation will be josh rogan who is a bloomsburg view columnist. perhaps a little known fact he began his career as a journalist writing for japan's and of course he still follows the region closely. thank you josh for moderating, please, please try me in welcoming the senators. [applause]. thank you all for coming to the asian panel today. first rule of panels is we have 45 minutes to talk about asia so we will get right to it. i have about 30 minutes of opening remarks. >> so do we. >> we are right on schedule. i began studying asia even it was the gw. i was told this would be the asian century. we are waiting on that 15 years inches there's still time. i went. i went to live in asia, studied japanese and i went to work for the japanese newspaper. i eventually hit with a call the rice paper ceiling, if you are the there is a upward mobility for you. i went to work for cq, co

the tpp will support jobs and drive sustainable growth across the asia pacific region.ut it's not a done deal. the accord faces much debate in each of the 12 countries. shinzo abe praised the agreement saying it ushers in a new century for the asia pacific region. >> translator: the tpp will create a huge economic zone with a population of 800 million, and that accounts for nearly 40% of the global economy. japan is joining a pact that will provide benefits for the next 100 years. the tpp will help make our lives better. >> abe called the agreement an ambitious attempt to create a sustainable economic zone where fair rules properly evaluate the quality of services, intellectual property, and items in many other fields. he said the government will set up a task force comprising all cabine ministers to address concerns over the tpp's impact on japan's farming industry. the head of the japan business federation welcomed the deal. >> translator: i believe everything decided under the tpp will play a significant role in the development of japan's economy. >> he said japan's

saw riskier currencies appreciating like in malaysia. >> aika, thanks. >>> other markets in the asia pacific region bounced back as well. in china, the shanghai composite jumped 2.3% jumping to the 3300 level in two months. expectations of more government stimulus measures provided a positive sentiment. kospi closed 1.2% to close at the highest level in more tn two months after the bank of korea is keeping interest rates up changed. hong kong index gain 2% led by casino operators, and indonesia ended up just over .5%. >>> japanese farmers call for measures to protect domestic agriculture. they made the appeal at a national convention of local farm cooperatives. their request comes after the agreement was reached on the transpacific partnership free trade deal. >> translator: farmers are worried. we need sustainable measures to protect domestic agriculture. the government must enact relevant laws and implement budgets to achieve that. >> japanese prime minister abe attended the meeting stressing the agreement is the best result for japan and will contribute to national interests. >> translato

south korea plays a central role in america's rebalance to the asia pacific. we continue that work today. as we agreed in seoul last year, our militaries are nothing in sure capabilities including the technologies, missile defenses that allow forces to operate together effectively. we want to ensure that our korean allies have the capabilities that are needed to take on greater responsibility for the defense of the peninsula and the transfer of operational control of the alliance. we determined to maintain our readiness against any threat. i want to commend you and the people of south korea of the result that you displayed this summer. any provocation or aggression will be met by a strong united response by south korea and the united states. we are continue to assist. given the horrific treatment of north korean people by their government, our two nations will continue to exploose abuses and call for accountabilities. at the same time, we do support president park's effort to improve relations between south and north korea. we're prepared to engage nations. it

isn't that a concern that this could lead to more division in the asia pacific region? e are seeing the regional comprehensive economic partnership, east asia plus some others being negotiated at the moment as well. we would like to see how those will all come together, and that's the whole point behind free trade area for asia and the pacific. >> do you think that's possible? china is setting up its own alternative. isn't it? do you really think you could bring everybody in? >> well, apec at the moment is looking at that. we are doing a study. it's chaired by china and by the united states. so they are the two big economies. of course, the trade modeling says that if you get those two economies plus japan and then some of the others in, that's where you really get the big benefits because that is a very large part of the world's trade in that case. >> i wonder how you feel about some of the criticism of the tpp that ultimately, it's going to evans up being the agreement that helps the strong against the weak, whether that's cooperations, whether that's more developed ec

some of the key indices here in asia pacific kicked off trading. let's go to the tokyo stock exchange. good morning. what is the focus for today? >> good morning. one thing to look out for will be the minutes from the reserve bank of australia coming out in less than a half hour. markets are very sensitive to numbers coming out from china as well as commodities, which are also likely to be the main factors behind the rba decision on monetary policy. let's look at the opening levels here in tokyo markets. open just about five minutes ago. it's tuesday october 20th here. looks like shares are rebounding. the nikkei is opening up 0.6%. broader topix opening up 0.5%. market players will start to shift their focus to earnings in japan. in new york, morgan stanley's profits fell by 40% in the third quarter, mainly due to volatility in global markets. overall, u.s. markets were pretty stable on monday. finally, going back to australia, an analyst based in sydney said the markets have calmly reacted to yesterday's better than expected gdp numbers from chin

of our largest four trading partners and also includes some of the fastest growing economies in asia pacificegion, region projected to have about three billion people in the middle class by 2030. so the u.s. needs much more access to these markets. right now the u.s. economy is relatively open, relatively low tariff and few trade barriers that are non-tariff and that is not true as our exporters deal with the countries that are a part of the agreement. >> same question. >> i'm going to disagree with miram because the available economic evidence shows the economic impact is not so big for the united states. what it shows is that after ten years of joining the trans pacific partnership u.s. gdp will only be about $80 billion higher, that is on a more than $21 trillion economy when we go out that far in the future. >> what about the notion we already have a relatively open economy, that it's really the united states trying to get into asian markets that is attractive about this. >> you have struck on the important point ray in we have a relatively open economy. this economy is not about free tr

admiral i arge of the asia pacific region spoke to nhk about potential dangers of the militarization of airstrips in the south china sea. admiral harry harris says the u.s. continues to see a build up on the artificial islands, and if militarizemilitarized, that beijing a wider range of capabilities. >> that would afford them the capability to enforce and aide militarily if they so choose, but that means there's a lot of aspects to forcing natives. one is to have the military means and the airplanes and jets give them that, but the most important part of this is is ability to do the identification piece meaning radars and all of that. >> harris hopes china follows the leader's words, but he says the u.s. must be prepare for any situation. >> i hope that they don't militaryize the islands or airstrips and follow what the president said they would, not militaryize them, but we have to be ready for that, and we are ready for that. >>> business leaders in japan discussed ways to boost the country's activity. we have the details and roundup of the business headlines, gene? >> thanks, jame

chinese alone are rapidly expanding their investment in their military and in their forces in the asia-pacific region and are set to double their defense budget by 2020. as a matter of fact, i was recently briefed at u.s. pacific command headquarters where i was briefed on the development of u.s. forces in asia pacific. in a comparison directly with those of china. in 1999, this is very alarming, madam president, in 1999, the u.s. military had a dominant and protected position in the asia-pacific region totally capable of protecting our interests in the region. today, however, china has reached military parity in the region. what's really troubling are the projections for 2020, however, in which china's relative combat power and presence in the region will significantly be more dominant than that of the united states. this is why we need to ensure we continue funding our military at the appropriate levels. we need to ensure that our brave service men and women have the tools, training and technology they need to meet the current threats we face on a daily basis, but also to tackle what's comin

alliance is the linchpin of peace and stability in the asia pacific. and there exists a synergy between president obama's rebalancing policy in the asia pacific and our northeast asia peace and cooperation initiative, or napci. and i would like to thank president obama for his warm words of welcome and strong support for napci. in late october, the second high-level napci forum will be held in seoul, and i hope that korea and the united states will continue to engage in close cooperation in that forum and beyond. president obama also recognized korea's initiative in reviving korea-japan-china trilateral talks that had been on hold for the past three and a half years. and he also expressed his high hopes for the korea-japan-china summit that will be held in two weeks' time. we also shared the recognition that such meetings may meaningfully contribute to the improvement of bilateral relations in our region. president obama affirmed that korea-u.s. relations and korea-china relations can be compatible, and supported korea's policies toward china. the rece

. >> let's take a look at the asia pacific section. we're looking for reaction to the agreement of the transpacific partnership which is the largest global trade deal we've seen. we saw the nikkei bounce some 1% and this might be on the back of expectations of more stimulus coming from the boj, hely as we have a hold off on the fed tightening and that could push levels to 124 and 125. also this is a shot in the arm for abenomics as well. one of the pill lars of abenomics is about trade and managing to get ratified by all 12 member governments with the agreement seen as a major victory for u.s. president barrack obama and japanese prime minister shinzo abe and both expressing optimism that maybe china who is not included in the tpp could one day join the pact as well. >> this fundamentally strengthens rule of law in the economic area. it will deepen dependency with countries. if china participates in such a system in the future it will contribute greatly toward the security of japan and the stability of the asia pacific region. it will

armed forces have correctly increased their presence in the asia pacific region and intensified navy ke this one off the coast the indonesian. >> the u.s. may have is a committed to helping provide security to, you know, southeast asia, the water surrounding these countries. i think it's part of america's rebalance to the asia pacific. >> reporter: during the exercise 600 u.s. marines and sailors took part in several large amphibious beach assaults. the united states showing their presence here in southeast asia with tensions rising in the south china sea exercises like this are also seen as a show of force. and one of the world's most. [ inaudible ] waters. many around the region hope the two super powers will be able to control themselves. >> reporter: southeast asian nations hope to speed up negotiation about his a so-called code of conduct. it aims to regulate freedom of navigation at sea and over flying rights to contribute to peace in the south china sea. but it may be too late with u.s. plans to test the waters and carry out its freedom of navigation exercise very soon. step va

i think it's part of america's rebalance to the asia pacific. >> reporter: during the exercise, 600 u.sand sailors took part in several large amphibious beach assaults. the united states showing their presence here in southeast asia with tension rising in the south china sea, exercises like these are shown as -- seen as a show of force in one of the world's most. [ inaudible ] waters. many around the region hope the two super powers will be able to control themselves. >> reporter: southeast asian nations hope to speed up negotiations about a so-called code of conduct. it aims to regulate freedom of navigation at sea and over flying rights to contribute to peace in the south china sea. but it may be too late with u.s. plans to test the waters and carry out it's freedom of navigation exercise very soon. step vaessen, al jazeera, jakarta. >>> and the ongoing war in yemen has pushed the country in to an economic crisis a blockade imposed by the saudi-led has put a stop to oil exports and cash flow, many are not able to get their salaries. >> reporter: this is aden, the port city in the sout

it has been in the asia-pacific region.th america is where they want to go ahead with the volkswagen brand. try to turn things around. for the numbers. we are also waiting for the new ceo of volkswagen. he will be on the analyst conference call. normally volkswagen does it with the cfo. the ceo is going to be on this time. manus: we are waiting for my tears -- we're waiting for mattias. they usually leave it to the cfo. what caught my eye, they are already bring in thomas, he is coming in from chevrolet. you have christine than heart. he is already making moves to bridge some of the criticism. hans: mattias wants to start off with a clean slate. he is going to be a different ceo. i think the fact that he is going to be listening on this comp skull and answering questions is an indication that he wants to answer questions and be a slightly different ceo. manus? manus: hans, thank you. potentially the first loss in 15 years. it is about the numbers, that is the question. anna: the provisions and any update on that. 6:26. we w

. >>> we have more from manila on what the deal means for economies in the asia-pacific region. >> the four countries involved in the tpp energieses, brunei, sing lower, malaysia and singapore are sat centric economies. being part of the tpp once ratified will bring significant financial and social reform to these countries. the communist party of vietnam that rules at the moment actually controls much of its export industry. they're going to have to look into privatizing more and more of that as part of the tpp. aside from that, other asian nations already seeing this as a good thing in expressing interest in joining an expanded version, the philippines and korea among them. all in all, it is being seen in in region as a way by which the united states is slightly forcing the hand of china to join up. basically it has to match the standards of this common trade area if it wants to play ball with the rest of the asia-pacific. >>> there have been three car bombings in iraq killing at least 57 people. one was on the northern outskirts on baghdad and another one was north of the capital. t

let's check in on the lead that we got from the asia pacific and what happened during the asia pacific last night which is on track, by the way, for the best month in 2009 since the global financial crisis. we do expect the boj meeting this week which might include some more expansion when it comes to monetary stimulus. the first day of trade after the cut that we saw in interest rates and reserve requirements late on friday. i'll show you the asx 200 index didn't go anywhere. we showed movement. let's get to units. china's growth target never set in stone. the country's premiere leader said they never quoted to a 7% expansion. they will not defend it to the death. let's bring in eunice. since we are kicking off this five-year economic plan this week, what are we expecting? >> reporter: well, we could expect to see a lower growth target. the chinese communist party is meeting this week in order to debate and set their economic and social agenda for the next five years. this is a very important meeting. it's going to last for days where they're going to be discussing a lot of important

we think it helps define the rules of the road for the asia pacific region in a way consistent with the interests and the values that we share, and we look forward to sharing with other countries, the results of the agreement and working with them for the further integration of the asia pacific region. biologics, as you know, this is one of the most challenging issues in the negotiation. we've worked cooperatively with all our partners to secure a strong and balanced outcome that both incentivizes the development of these new life saving drugs while ensuring access to these medicines and their availability. in doing so, it will set a model to encourage both innovation and access. >> just watching a news conference from atlanta georgia, u trade representative speaking there. large round of applause when he announced that a deal had been reached, the transpacific partnership trade deal as it's known. the countries, australia, canada, chile, japan, malaysia, mexico, singapore and the united states, hence you heard a question from one of the reporters there about what the u.s. felt about ch

that is the indication across the asia-pacific. japan, south that is what we have as we await those markets. 6.3506. right now, there are comments from the chinese government that they expect the chinese currency to the included in the reserve basket of the imf soon. take a look at dollar-yen. 121.21.en right now the aussie is up about 0.1%. expect theaders chance of a rate hike. china very firmly in focus today. thank you so much for that. that rate cut is a precursor to what we might expect this week from the communist party meeting in beijing. top agenda items include a possible revision to china's growth target and key structural changes to the economy. we've got a bloomberg reporter here. what can we expect from the meeting today? [indiscernible] members.re than 204 on top of the agenda is going to the reviewing and approving china's next five-year plan. it is going to be the social and economic blueprint for the next five years, from 2016-2020. angie: what are the expectations as you look at what's going to happen over the ne

alliance is the linchpin of peace and stability in the asia pacific. and there exists a synergy between president obama's rebalancing policy in the asia pacific and our northeast asia peace and cooperation initiative, or napci. and i would like to thank president obama for his warm words of welcome and strong support for napci. in late october, the second high-level napci forum will be held in seoul, and i hope that korea and the united states will continue to engage in close cooperation in that forum and beyond. president obama also recognized korea's initiative in reviving korea-japan-china trilateral talks that had been on hold for the past three and a half years. and he also expressed his high hopes for the korea-japan-china summit that will be held in two weeks' time. we also shared the recognition that such meetings may meaningfully contribute to the improvement of bilateral relations in our region. president obama affirmed that korea-u.s. relations and korea-china relations can be compatible, and supported korea's policies toward china. the rece

obama's rebalancing policy of the asia-pacific. and i would like to thank president obama for his warm words of welcome and his strong support. in late october the second time of the forum will be held in seoul and i hope that core korea and the united states will continue to engage in accommodation that forum and beyond. president obama also recognized korea's initiative in reviving korea-japan, china tri-tripe lateral talks that have the been on hold for the past several years and also expressed his high hopes for the korea-japan-china summit held in two weeks' time. we also showed recognition that such meetings may meaningful improve bilateral relations in our region. president obama affirmed that korea-u.s. relations and korea-china relations conclude cap patible -- compatible and support. the meeting between korea and the u.s., the u.s. and china, and now korea and the u.s., have built consensus regarding north korea and its nuclear program, and we believe that this will play a positive role in bring peace and stability in the

jobs, drive sustainable growth, foster inclusive development and promote integration across the asia pacificegion. >> nicole: this is a big news. commerce in 40% of the world's economy, but if skepticism from u.s. lawmakers. >> cheryl: a very big surprise move yesterday. executive said that she will retire next week. no reason for leaving. during her tenure with power play, announcement came as dupont lowered this year. she will be replaced edward breen while she looks for permanent for her. >> nicole: he was the head of pipco. in sports controversial call measured as the seattle seahawks escape with the detroit lions. yankees heading to play office without sawathia. you are watching fbn:am, first look at morning markets and breaking news. ♪ ♪ ♪ ♪ the great beauty of owning a property is that you can create wealth through capital appreciation, and this has been denied to many south africans for generations. this is an opportunity to right that wrong. the idea was to bring capital into the affordable housing space in south africa, with a fund that offers families of modest income safe and goo

david: we are at highs for the asia-pacific benchmark.ooking at the hang seng composite, this is a broader read of stocks. every single sector group higher with the exception of consumer services. another fight, we would get two more in a second, a lot of these projects that are coming online right now were planned when things were very good. you can understand the frustration of some of them. that is just how things go. it is hard to adjust we don't know what will happen eventually. what else we following, in hong to show some companies that are getting more upgrades from both -- brokers. , chinese airlines, out with a very rosy profit. that could come out in one or two weeks, they're expecting a surge. they have nine months of net income. macau in one of the groups of big points gainers, but they are going down at the asia-pacific benchmark. at otherick look movers we're following in the region, falling on top of the 7% drop we saw yesterday. the short of it is that there is some uncertainty over this deal, this acquisition. they had $9

asia-pacific underlying sales down 6%.alling.s yet further pain coming -- they say it has amplified the overall consensus -- 30% of their sales come from china. on the flip side some other areas are doing very well. japan and the yen are very weak. the same for south korea -- a lot of japanese and chinese tourists. but there are only 10% of sales coming there. they don't have any scale in 16se particular countries concessions opened in japan and a flagship in tokyo. opening and south korea, the first of the year. basically, they got hit hard -- francine: we saw a 20% slump, francine, in chinese sales in the overall from the previous year. caroline: now we are seeing their third quarter seeing some relief. 5.7% increase in sales, much better than expected. this is being health as the chief executive happily admits that the d stocking isn't happening anymore is a relief. but also they have taken action online. think of the alliances that can be struck with the likes of alibaba, the presence in terms of online sales, getting

he was clearly brought in to boost asia-pacific.hat is his pedigree coming up -- coming from prudential. expected a group of cut down's on all kinds of investment activities. start, i mean it is a revamp. largely in line with expectations. their is thein advance on ipo. i looked at it once and twice. what is that about? no one was expecting that. otto: i don't think it was mentioned. i expect it has something to do the an attempt to unlock value of the swiss universal bank. it is a nice stable core element. when all of the global operations, it is a hot button if you like. to do with that, many people thought they would have to raise fresh capital which they have done that. for ubs, it may mean postponing higher payouts. how do they compare to each other? which one would you choose if you're going to position yourself? with credit suisse, it is basically replicating in many ways what ubs has done earlier. ubs was forced to do something much earlier. out.ndsight, it has worked a much stronger focus on target banking, asset wealth man

the asia-pacific index is heading for his longest streak of weekly gains since april.t is after a run of weaker than estimated reports from europe the u.s., and china. federal reserve are raising interest rates is your. european leaders have failed to reach a final agreement on recruiting turkey to help stem the flow of refugees from the middle east. merkelchancellor angela told the eu they had a draft accord on containing the flow of migrants and rickety. she said the figure at 3 billion euros in aid, saying it was discussed, but has yet to earn full support from member states. nestle is reporting missed estimates. the world's largest food company was hurt by a recall of noodles and the chinese market. numbersst getting coming through from a couple of french businesses. let us go to the details. them for have some of you, we are looking at earnings in line here -- third-quarter sales at 21.5 billion euros. that is in line with the estimate. if we look at spain, that is performing better than expected. sales rise 4.6%. the estimate was 3.5%. in third quarter had come l

jackson cox, chairman asia-pacific council. and see if a tpp deal is indeed ready to be announced. ,oming up next, under pressure we will watch shares of a japanese retailer after its first half losses triple. first up is back in two. ♪ angie: welcome to the stock exchange, we are taking a look ahead to the openings. we have reporters here to tell us what stocks they are keep an eye on. julia: -- a not too bad. it is never too late to learn a language. 32%, their operating income was up 15%, above estimates, strong rise there. operating profit at 1.6%. bloomberg research has seven cell zero holds, and one -- sell. they make bearings for tools. david: we bear witness to the news everyday. let's look at shipping stocks. angie: say that three times fast. kawasaki -- they will be looking at 8 billion revaluation charge. angie: what happened? david: i think they are reevaluating securities. 27 billion with their net income. angie: upside, downside. shery ahn: lost more than tripled in the first half. andretail music software video m

we should be erasing some of the earlier losses along the asia-pacific benchmarks.n acrossback later markets and assets as well. back to you. rishaad: thank you. we will be visiting and revisiting that story later in the program. tweet us your thoughts. let's have a look at the stories we're watching right now. we are looking at the massive tech tie up. here is shery. shery: the biggest tech deal ever. agreeing to buy emc which is worth $67 million and will involve 24 sharing cash and new tracking stock. michael dell and long-term partners's over leak will be funding. dell will at about $50 billion to its debt load as it seeks to fend off hp, amazon and others. the computer maker is already carrying $11 billion in debt. the deal will broaden its product lineup and may appease activists and investors looking for more growth. the deal will combine emc's devices like stored data and dell's number two position in servers. notces say sab miller does see the latest takeover as compelling enough to begin negotiations. then i'll think it is worth seeking an extension of wed

lifting markets across the asia-pacific.ertainly singapore, taiwan, and malaysia come online, we will see if they fall into line. the asia-pacific index rising at this hour. chinareally a bet on acting to cushion growth amidst a slide. investors see perhaps a buying opportunity. shares in australia up 4/10 of 1%. awell as earnings some and and a activity. we'll be watching all of that very closely. using oil prices moving and we are watching gold very closely and have anticipated action, or perhaps not this week. rishaad: thanks. right now, this rally can be partly attributed to the people's bank of china stepping in and putting their foot on the gas again, easing bank reserve requirements and cutting interest rates for the sixth time in a year. it all caps at this gathering by chinese elites in beijing. the latest economic and social blueprint for the next five years. it is a gathering of 350 top communist party members behind closed doors to discuss the issues. no doubt that the lagging economy will be a key discussion. sa

they are dominated by asia-pacific and middle eastern airlines. a new report shows a dip in ridership on metrorail, as jeff goldberg reports. the losses could mean higher fares in the future. while metro has its fair share of loyal riders, these days you are more likely to ru to somebody like peter. >> it's a travesty the way they have been operating. jeff: he key meets from arlington to d.c., with frustration. >> when you have people losing their lives, you don't know when you're going to arrive, i think it is disgraceful. jeff: the bad feelings make it worse with a new report, first obtained by "washingtonian magazine," revealing ridership has dropped by nearly 40,000 passengers between 2010 and 201 4, raising the possibility of fare increases. prices have gone up significantly. that may push me towards buying a car. drop in ridership is due to many factors, including and government jobs. but frustration is also a factor, and other issues like the fatal smoke incident at l'enfant plaza and the derailment of a blue line train in august. it's easy

. >> we were so close, on track since 2010t month for asia-pacific stock. they are taking a brief air right now. stocks have decided to let this team at a little better and that is why we are sealing the cell of underway. take a look at what is moving in the markets that are posting any kind of advance right now, the vietnam market yesterday closed higher but today, malaysia just marginally higher. swigging between gains and losses and will what you are seeing in key markets across the region not a huge amount of conviction there, the cosby in investors in north asia weaving the bank of japan decision will be washed quickly here and how they may recalibrate their monetary policy given japan's continued achieve push really to 2% inflation but it is not happening anytime soon as we all know. let's take a look at some of the -- on the hang seng. energy shares are quite active. tetra china down 3%. chinese oil producers have had a tough time this year. .rofits wiped out this year a challenging situation impacting chinese producers all the way to royal dutch she

i think it's part of america's rebalance to the asia pacific. >> during the exercise, 600 u.s. marines and sailors took part in several large amphibious beach assaults. >> the united states showing a presence here in southeast asia with tensions riding in the south china sea, exercise says like these are seen as a show of force and one of the world's most crucial waters. >> many hope the two world super powers will control themselves. june east asian nations hope to speed up negotiation about a so-called code of conduct that aims to regulate freedom of navigation at sea and overriding rights to rights and peace in the south china sea. it may be too late with the u.s. carrying out it's freedom of navigation exercise very soon. al jazeera. >> it's hard to believe another typhoon is heading toward the philippines. >> that's right, they're coming thick and fast, just one after the other. at the moment, it's not a typhoon but, the next six to nine hours will be. it's going to produce huge rainfall and damaging winds. look at the size of this swirling away. it's going continue he bein

armed forces increased the presence in the asia-pacific region and intensified exercises like this one, off the coast of indonesia. the u.s. navy admits to helping provide security for south-east asia, the water surrounding these countries, and it's part of the rebalance to asia pacific. >> during the exercise 600 u.s. marines and sailors took part in the assaults. >> the united states showing their presence in the south-east asia, with tensions rising in the south china sea, exercises like these are seen as a show of force, and one that is crucial. >> many around the region hope the two superpowers will be able to control themselves. >> such an event is not immediately sold. this in regard to this kind of thing happening. and still where they control each other's warships to avoid the crash. >> south-east asian nations hope to speed up negotiations about a so-called code of conduct. and aims to regulate freedom of navigation at sea, and overflowing rights to peace at sea. it may be too late, with u.s. plans to test the water and carry out freedom of exercise very soon >>> now, a medic

guidance because the current quarter earnings is below street estimates and will focus on the asia pacific segment. it was less than expected. china has been a big growth market for starbucks. the commentary on that country is going to be particularly important. u.s. and europe comps are stronger. in particular will be of interest and how the new mobile ordering app is performing so far. that was launched in the u.s. last month. more detail on food sales. that is something the company has been looking to grow aggressively. express stores like the one opened earlier this year on wall street. and any confirmation on reports starbucks could be expanding to italy? we'll bring you the headlines later. >> look forward to it. >> let's talk about starbucks. guide was not good for the fiscal first quarter. this was priced to perfection, so to speak. >> up almost 70% year over year. i'm long the stock. these numbers don't do anything to have me want to change my position. i will say i think the china comp is more important for this company. expected almost nine. pick your player. mcdonald's is up 27

everybody who is wondering what's going on in china, you know, they are saying here the china asia pacificys up 6%. the ticket is not doing much there. obviously a lot will depend on what part of that is china relative to the rest of asia, but it's just light at least on the surface relative to some of the other numbers from the major consumer brands we have seen. >> 6% traffic i think people would till kil for 6% traffic. mcdonald's would absolutely fall over. they would fall over backwards to get 6%. >> you're lucky to get single digits and this company is doing a good job and really just at the beginning stages of building out in china. this is an opportunity, guy said t i think it absolutely let's tear what they have to say but if weak this is your opportunity to get into a good blue chip quality company. >> like we were talk being with mobile, stephanie said they are leading the industry in mobile of the places where the mobile app has launched, 20% of customers are using it, not only are they using it, they are spending more. this is a way to get people to spend more, it doesn't seem

so south korea plays a central role in america's rebalance to the asia-pacific and we continued thats we agreed in seoul last year, our militaries are investing in shared capabilities, including the technologies and missile defenses that allow our forces to operate together effectively. we want to ensure that our korean allies have the capabilities needed to take on greater responsibility for the defense of the peninsula and the eventual transfer of operational control of the alliance, and we're determined to maintain our readiness against any threat. madam president, i want to commend you and the people of south korea for the resolve you displayed this summer following north korea's reckless actions in the dmz that wounded two of your soldiers. north korea was reminded any provocation or aggression will be met by a strong united response by south korea and the united states. likewise, pyongyang's nuclear programs have achieved nothing except to deepen north korea's isolation. today president park and i are reaffirming our nations will never accept north korea as a nuclear weapons st

the firm blaming disappointing sales in europe and weakness in asia and the pacific region.t sent shares tumbling in initial after-hours trading as you see it fall off the cliff there. during the regular session the stock was off just a fraction at $163.17. >>> activist investors starboard value increasing its stake in the security company brinks. starboard is already the company's largest shareholder and hopes to turn around brinks' poor financial performance. brinks shares popped about 4 1/2% on the news, ending the day at $29.70. >>> the container store announcing earnings and revenue that missed revenue after the close. this as margins narrowed and expenses increased. shares were originally lower during after-hours trading and during the regular session the stock was up 3% to 15.57. >>> and the l.a. times is reporting that lionsgate and starz are in advanced merger talks. that combination would create a major media company. the two companies reportedly held high-level talks for several months. no deal is certain, however. lionsgate saw its shares pop in initial after-hou