with the asia pacific region becoming increasingly important. cleric who covers the conference for us asked trast klaus noirmont of safety labs if the read. can be an engine of global economic growth. pacific region a strongly gained in economic importance over the last year do you think it can continue to be an engine of economic growth. i believe asia pacific bill indeed continue to be a growth engine for the whole world and why for one it has a very good demographic situation here with huge young people a huge amount of young people joining the workforce then we also see relatively stability and diversity of economic and political systems in the region which also enable companies to operate in the region very well and thirdly also we have a lot of innovation power coming in the last ten years specifically from here which we also see to rather spend going forward. farmers of try that. playing music cows oil plants can improve milk yields and plant growth fast now a cheese maker is going one step further he wants to prove the taste of his chees

and elsewhere. space for china, both in the asia-pacific and elsewhere.s taking a step backwards from its role as a leader in the global state? yes. and i think that is not good for the us norfor the world. think that is not good for the us nor for the world. but in this asia—pacific area it has shown to the world that free trade is possible. and now was the chilean president speaking to us exclusively. the reserve bank of india today will hold a crucial board meeting, the first time that the central bank officials as well as government appointed members on the board of the central bank will come face—to—face in a feud between the central bank and the indian government. bbc india business report has more. the meeting comes after the rift between the government and the reserve bank of india became public regulatory issues. among a host the matters discussed during the meeting, one of prime ones will be regarding easing lending rules for indian banks. the reserve bank of india has put in strict measures to clean up the balance sheet of indian banks. the cen

german economics minister piddled meyer has taken business leaders to jakarta today for the asia pacific conference of german business it's a key event in the region for business leaders and government representatives to discuss economic relations between germany and asia and of course the traits that between washington and china is on everyone's minds. modern cosmopolitan an economically growing this is how the indonesian capital is portraying itself at the asia pacific conference almost one thousand top managers and politicians came to jakarta a representative of the indian nation government spoke in german to the crowd. many people know that i'm the only german speaking member of president we don't as cabinet. of this but the friendly words couldn't dispel the misgivings german economy minister peter out of meyer spoke plainly the. protection is. a step back to me we have to be. back to. foreign investors are welcome in indonesia astra one of the largest industrial companies in the country even introduced a german dual study system still german companies have to make a little bit of e

." >> our top story this wednesday, asia-pacific stocks set to extend the selloff as sliding oil and we contact add to the gloom. apple suppliers face another tough day ahead. concerns about iphone demand continue to drag. renos backing for now and remains chairman and ceo as the investigation proceeds. >> let's get started with a quick check of how markets closed in the u.s. we saw the dow and s&p 500 wipeout this year's gains. tax was the biggest two-day loser -- tech was the biggest two-day loser. the retail sector also taking ahead as there were concerns of peak earnings growth. the s&p 500 was pressured by the andra day sector as crude prices fell to this year's lows. trailing downs under pressure, falling 2%. it does not help we had a report out of the u.s. trade representative's office saying china has fundamentally not changed its unfair trading practices. that is expected to put more pressure on a grind asian equities trading, sophie -- more pressure on asian equities trading. sophie: in hong kong, we have gloomy weather and there is little incentive to get out of bed. we ha

still to come in the news asia pacific leaders talk trade in papua new guinea where the basket weavers are now using mobile apps plus. nine is the romeo and juliet of the east an ancient love story from persia it's reimagined in contemporary dance. and we find out why the crowd was unhappy with this tennis player after being roger federer will reveal. how after a ferry cross from the mediterranean for more a week or two so we're back to get more active largely because what's happening of the black sea this swirl of cloud what's coming out from the sas is bass developing something to the west there been a few big thunderstorms recently and they're still going on but what will happen is west the sides of the med go in spain will turn increasingly wet and windy and at the same time the courts have been down here secularization just south of greece snow north of greece on the high ground up through the balkans they have run you between sunday and monday they spread all the way northwards there is cold air now in central europe the temperature out best in vienna two degrees obese and snow o

could be cessed said that also lifted the mood at the asia pacific conference of german business and indonesia it's a key event in the region for business leaders and government representatives to discuss economic ties between germany and its partners in asia. modern cosmopolitan an economically growing this is how the indonesian capital is portraying itself at the asia pacific conference almost one thousand top managers and politicians came to jakarta a representative of the indonesian government spoke in german to the crowd. many people know that i'm the only german speaking member of president we don't as cabinet. who is of this but the friendly words couldn't dispel the misgivings german economy minister peter out meyer spoke plainly the patent protection is tennis is a part of the. package. we have to be. part of the foreign investors are welcome in indonesia astra one of the largest industrial companies in the country even introduced a german dual study system still german companies have to make a little bit of effort if they want to do business here they probably have more pref

by the federal between the us and china ways of asia pacific relation. for the first time in its history the apec summit ends without a joint leader state it's. also coming up italy stands firm on its budget plans but might be open to stop at least some wasteful spending. this is the the view of business. colors god is to be removed from his post after the company said internal investigation found under reported his income by millions of dollars and then gage did other quote significant misconduct japanese media reported that tokyo prosecutors arrested got today brazilian borgata lead a dramatic turnaround over the last two decades rescuing it from near bankruptcy. using john carlos ghosn is regarded as one of the most docile and manages in the automotive business after all he has the partnership of redeye mitsubishi i'm new son and his belt. but he's been under investigation for months now the japanese comic chemist on accuses down of tax evasion. on monday night sunset an internal investigation showed he has underestimated his income for several years

that's the first monthly gain for the msci asia-pacific index.et's look at some of the stocks we are watching. they are really trying to stabilize the share price. there is a very popular selfie app. have is concern it may taken too much. from its consumers. it has -- data from its consumers. lost $480 million in market cap over the last two sessions. >> thank you. today we are asking the question on mliv. what asset will move most on a trade ceasefire? you can join the debate and reach out to us. now let's get the bloomberg first word news. : federal reserve officials have signaled a more flexible in their interest rate increases after a hike. said their language regarding expectations for gradual increases may need to be modified at a coming meeting. in an interview with bloomberg said it is ready for brexit, set to take place in less than four months. we have been hoping for an organized separation. with contracts and capital. >> china's economy in november shows factory activity continues to worsen. contrast, japan's factory output expanded.

across france as thousands join protest over the government's fuel prices and asia pacific trade in papua new guinea. so we start the program with developments in the murder of the saudi journalist us media is reporting that the cia believes saudi arabia's crown prince mohammed bin solvent ordered a killing in the saudi consulate in istanbul on the table the second the findings contradict the saudi government claims that its de facto leader was not involved with saudi embassy in washington rejects the accusation made by the u.s. intelligence service donald trump has reacted by saying that he will be speaking to his sexual state as well as the cia about the issue later on saturday. we haven't been briefed yet the cia is going to be speaking we should be today we have not been briefed yet as of this fall when we were told that he did not play a role we'll have to find out what they are saying. well let's hear now from michaela who has more from washington in recent days a number of members of congress have demanded that mohammed bin solomon be held accountable either by way of tweets or in

will allow the company to not only survive but even expand andriy holidays president of toys r us asia pacific said the deal quote means that our current shareholders both fung retailing and the taj note holders are focused on only one thing the development and growth of toys r us asia within our countries. and as black friday approaches and retailers are getting ready or many might already be ready for increased fourth quarter sales which will be the winners and losers here to help us understand is hillary ford which the c.e.o. of stroll mark hilary welcome back another topic another day and we know you're going to be great on this one looking back we what do you consider sort of the best years for retail and then what do we expect going further or good to be back about . two things first of all last year of course was a tremendous year two thousand and seventeen was the greatest actually old since basically two thousand although two thousand and four was an absolutely huge. two thousand and eight was ghastly as was two thousand and nine and predictions are this is going to be a very healthy

the third straight days of gains across the asia-pacific. to mention indonesia, getting an upgrade for morgan stanley, vote of confidence. also pushing higher. here is the story across the currency market, the reversal given the drop we saw overnight. volumes are quite high. if you are looking for signs of a bottom, might one -- be one thing to consider you get lying on a day like today. the rangeapped out of in the summer and really follows where we saw the bloomberg dollar index on the back of euro. swissie lagging. there is a story on sterling we will talk about. an hour ago, reports of good news out of brexit. in any case, 96.90 is your level on the dollar index. let's have a look at the majors and look at dollar-china as well. you have sterling, the euro, which came within one pip of the 2018 low. similar on dollar-swissie, pushing farther down. 696 point -- 6.9669 and these pmi's and support of data coming out of these other economies in the asia-pacific with the likes thailand,indonesia, all pointing to not a very bleak outlook. suppo

across the asia pacific. futures are also pushing up. i should mention that when you look at the u.s. futures are down a little bit. that's down to the apple story and dragging down that contract. at this point in time. the other story and we'll tell you all about it a bit later on is when it comes to oil prices. and quite a bit decline that we had overnight into where we are at the moment. just given reports that the u.s. might be allowing the likes of indian and south korea a little more leeway in terms of their imports of iranian crude. that's the broader look across markets. here's the sort of intraday moves we're seeing on the hang seng index that takes you back to 2015. three days of gains. this bit that you see right here, essentially put that together. we're looking at 5% or 6% gains together matching what we got at this point in time when we were looking at what six day and six or seven percent gains. 500 points a day. and 26,000. right. we're up for a fourth day. which is probably also a good time to have a look at our momentum

yesterday, but the msci asia-pacific index has come off its lows.eing japan weaker, but shares and hong kong have been gaining. crude had a bad day yesterday, down 6%, hitting its lowest in a year, but rebounding today. oil volatility is on the rise. the 10 year treasury yield is fairly steady. we have got to look at the yield down seven basis points. the btv bund spread closing up a little as well. we are at 3:17. a headline that mikael savini has said budget revisions might be on the cards. european equities could open higher. we could see a rebound, up by 5%. u.s. futures also -- .5%. u.s. futures also. are the dip buyers coming back and today? when will the dip buyers emerged to halt this rout? on tv ons your bloomberg. let's get the bloomberg business flash. tensions between nissan and renault have exploded into the open as the downfall -- the two companies have drastically differed the reactions to the arrests in ofan on suspicion offenses. firingopped short of him. they intend to dismiss the chairman. it's board meets tomorrow. the alpha

mission after brexit will be to asia— pacific next mission after brexit will be to asia—pacific nexting i can as prime minister to accelerate the progress we are making in strengthening relationships across this region. so tonight here in this great guildhall that stands as testament to the pioneering trade and innovation of our forefathers, we will look forward to the future we want to build for our country, and let us do so build for our country, and let us do so with confidence. confident that we can secure our place so with confidence. confident that we can secure our place in the world asa we can secure our place in the world as a global economic hub and once again helped write the rules of the future as we have in the past. confident that in this very room we have the unique strengths and ingenuity to forge a global future for our country that is every bit as exciting as anything that has come before. and confident that in doing so before. and confident that in doing so together we can secure our future prosperity now and for generations to come. applause studio: that was the p

let's get a check on how markets are trading in the asia-pacific.i falling to the lowest level this month. nissan rebounding slightly after plunging the most on news of arrest.hosn's the asx 200 is trading at the lowest level since december of 2016, falling for the fourth consecutive session. the latest report from the ustr saying china has not changed its unfair trading practices. haidi: really throwing more cold water on expectations we are going to get any deal. we are seeing energy dragging the likes of aussie stocks seeing a pickup in new york ruled after the worst one-day fall in about three years. also some weakness across the rest of the commodities as well. this is bloomberg. ♪ i am a family man. i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. haidi: it is acorn 30 a.m. in hong kong. miserable session of trading. a

how disappointing do you think the asia—pacific economic cooperation summit was because for the firstmunique and one words from that summit, in fact it was out and out wall wasn't it? yeah but that was the first time they did not reach that agreement and they did not publish a formal official report. people are worried about the final report for this meeting as well. but i think they already realise that there is probably a potential issue. i think people have already taken measures beforehand. in terms of the wider context of this and people are listening to us right across the world at the moment, we have got rising political tensions elsewhere in the world, there are clouds over the local economic forecast and potentially rising interest rates with the united states next year as well, how crucial are the negotiations between these leaders in terms of what happens with trade? as i said this is very important. i think a trade war is hot both sides and nobody will benefit from this type of problem. i think if there is no significant result, there is no result we can see in practice th

plus — apecing order — president xi takes centre stage at the asia pacific summit in papa new guineaign of china's growing influence in the region. the european markets have opened in positive territory. and it's been an extraordinary week dominated by brexit — we'll try and make sense of it all with our economics expert andrew walker. and coming up, we'll be taking a look at how some of the papers around the world are reporting the brexit story. and, don't forget, you can get in touch with us — just use the hashtag bbcbizlive. hello and welcome to business live. what a week it has been in the uk world of politics. we start with brexit — because as you've been hearing, uk prime minister has been defending her draft agreement on britain's exit from the eu, despite widespread criticism from both pro—leave and pro—remain politicians. in the last hour, she has been selling the plan on a talk radio show in london. david eades is at westminster for us. you were listening in on that talk radio show. she was answering questions from viewers up and down the country. what was the general feeli

no to the asia pacific summit where leaders failed to wrap up with a joint declaration to trade rivalry between the u.s. and china is. a popular russian cartoons accused of being a kremlin propaganda tool no less designed to include children's minds around. november this is out international law. to talk about over the next thirty minutes you can stay with me for it first fresh developments in the investigation over the death of corruption lawyer magnitsky nearly ten years ago prosecutors are looking into whether or not his killing was organized by his former boss the british based from william browder. expect. to deal more time tests showed that there were symptoms of poisoning with the toxic water soluble oh you mean in compounds taken orally there has never been full scale research of such substances in russia but over dozens of years texaco logical research of these compounds have been conducted especially by the us and. we have to understand who is mr mckinney and who is mr browder the latin america born u.k. hedge fund manager had a huge business in moscow in the ninety's and earl

if he is apec summit has broken out without agreement it's the first time leaders at the asia pacific economic cooperation summit could not agree on a final statement. and measurement was holding a last ditch talks to save his government off to one of his coalition partners with drew left him with just one a one seat majority in the knesset and he says he doesn't want to call an election . well in all the stories we're watching closely the u.s. envoy for peace talks with the afghan taliban says he's hoping for a peace deal by april zalmay khalilzad has had three days of talks in castle where the taliban have a political office a taliban spokesman said talks aimed at renewing the peace process and ending u.s. military involvement the taliban control almost half of afghanistan and frequently attacks security forces and government targets a supporter of exploring that with the for reconciliation and i'm. talking to all afghans all interested or these who are interested in a political settlement i know that the government of afghanistan wants. the taleban are saying that they do not belie

a spring in a sort of good now he's an asia pacific strategic and economic policy specialist at the institute for china american studies very good evening thesis what you think north korea's motivation here it is it is just simply a response to the council nuclear talks or something else. and no i don't think it's a response knisley just for the council the nuclear talks are for quite some time the north koreans have been unhappy with the trump administration not with mr trump or sick but with people under him who have not been very forthcoming in getting north korea with compromises up insertions north korea's willing to make concessions and compromises that it's in but doesn't see anything in return and therefore over the last two weeks it has hardened its lines somewhat and has suggested that if the u.s. is not willing to be more forthcoming the north koreans themselves might not be as forthcoming and might again revert back to their military testing has been lotsa talk model out of action do you think this could actually force washington back to the negotiating table. or washington has no

: coming up, the divide between china and united states passing a historic dark cloud over the asia-pacificcooperation summit. plus, president trump and "fox news sunday". weighing-in on the mueller investigation and the appointment of matthew whitaker as acting attorney general. more on that ahead. the first this is what one gop lawmaker has to say. >> in terms of an acting capacity, he seems to me to be a person has the ability to do that acting job. the president is to determine who will be permanently at the justice department as soon as he can. a once-in-five hundred year storm should happen every five hundred years, right? fact is, there have been twenty-six in the last decade. allstate is adapting. with drones to assess home damage sooner. and if a flying object damages your car, you can snap a photo and get your claim processed in hours, not days. plus, allstate can pay your claim in minutes. now that you know the truth... are you in good hands? let's do the thing that you do. let's clear a path. let's put down roots. let's build something. let's do the thing that you do. let's do t

the ambition of the asia pacific economic cooperation group is to foster better relations and smoother trade between the twenty one biggest economies of the pacific region combined they're worth more than hoff the world's total but papua new guinea's economy is the smallest of those in the apec group and there's obvious poverty in port moresby a city right now where security is tight most years the leaders of all apec countries attend its annual summit the u.s. president as leader of the biggest economy in the world is the star attraction but donald trump is skipping this year's event leaving china's president xi jinping as the leader in the spotlight and in his opening speech were clear criticisms of trump's trade policies so paul resorting to old practices such as protectionism and unilateralism will not resolve problems but add to the uncertainties in the global economy. other leaders including both australia and malaysia has criticized terrorists too but the u.s. vice president in port moresby in place of trump criticized china and mike pence had finley veiled warnings for countrie

, build big family for asia pacific countries. now the former head of the ftc under president reagan came out and said that the chinese don't need to underestimate president donald trump. >> trump is a very good negotiator. he negotiated with the canadians. i think the chinese should take a look at how we negotiated with the canadians and get ready for more. >> now, the chinese will have that meeting between the vice minister and the treasury officials on december 1st, after the bilateral meeting, depending on how it goes. melissa? >> edward lawrence, thank you. >> liz and jonathan are still here. when you listen to the talk, jonathan, about trade, it is kind of interesting that last week we were thinking that maybe we should be optimistic because supposedly peter navarro at the white house was being side lined and now we're being led to believe that maybe we should be worried because nothing came out of apec and therefore nothing will come out of g 20. what is going on, do you think? >> anyone who does business, i mean, america s

and china at the asia-pacific cooperation summit where chi

a little bit of a downturn on the msci-asia-pacific index. bit of an attempt at the rally today. 1% in japan. third-quarter gdp contracting more than expected. you also have a weaker yen, pushing japanese stocks higher. this all has to do with oil. that is playing on the overall regional index. this has to do with a number of emerging markets like indonesia. oil prices have been the biggest draggers. santos is off by 5% on the close in sydney. price is affecting indian markets. this petroleum company is one of the best performers in the region, up by 8.5%. trendore is bucking the because it came through with an 81% drop in its profit. that is the biggest decline the airline has posted in seven years. >>. thank you -- thank you. annmarie hordern is standing by. numbers came in at ¥380 billion. a little bit softer on the dividends. the yen estimate was for ¥52. japan post up some 5% since beginning of the year. >> let's get the bloomberg first word news. : after more than a year of negotiating, theresa may has clinched a brexit deal. the pound

pence will fill in for president donald trump at key asia—pacific summits this week.n tokyo... talk us through what they are hoping to achieve. here in japan mike pence has been particularly talking about the trade agreement you just mentioned. he said japan and the united states will negotiate a new bilateral trade agreement and it will be a model for the region, for america's future trade relations with asia—pacific and he said it would be free, fair and reciprocal trade is what he called it. he said japan and the us had had unfair trade, unbalanced trade for far too long. ican trade, unbalanced trade for far too long. i can tell you japan is not happy about entering into these bilateral negotiations, it is not wa nt to bilateral negotiations, it is not want to do so but essentially trump administration is playing hardball, threatening 25% tyrants onjapanese car exports to the us if they do not enter into this bilateral negotiation. where in mind japan exports about $40 billion worth of ca i’s exports about $40 billion worth of cars to the united states every year,

down for his part my parents used his speech to criticize china's loans across countries in the asia pacific region saying those loans come with strings attached pointedly he said that u.s. loans don't come with a constricting belt or a one way road that is a very direct jab at china's belt and road initiative which sees that country investing heavily in other countries right around the world will be a dinner for all the leaders late on saturday and then on sunday the main summit talks begin but it's those bilateral meetings on the sidelines that will tell us as much about the regional politics of this part of the world as anything official announced. now the mirror of the mexican border city of tijuana says he expects the influx of central american migrants to last for at least six months the term has opened up a sports complex to take up to three thousand people thousands of central americans are fleeing violence and poverty and they're hoping to seek asylum in the u.s. estimates by mexico's federal government show the number of migrants in tijuana could range ten thousand to joe castro ha

our next guest says asia-pacific real estate debt is cementing itself as an alternative investment. he head of research cbre. tell us how safe real estate is at the moment. differentk to many investors across asia. areare telling us they exposing themselves to real estate spaces. there are three reasons. the property yields are at a pre-crisis level, very low. number two bank, if you look at a rising interest rate environment, it puts pressure on pricing. number three, banks are more prudent lending to the commercial real estate market. there is a gap there for investors that could become a viable strategy. for strategies are not every investor. --id: how much is the volume -in?body and -- the buy >> there are two ways of looking at this. if you are a mature investor looking at it mature fixed-income play, australia is perfect. it is more the longs, short-term bridge finance, as well as longs. that is a three to four year play. david: there is public debt, private debt. what you are advocating is investors pool their money and finance property developers. it depends on the risk profi

and china over trade and investment is the first time leaders at the asia pacific economic cooperation summit couldn't agree on a final statement those are the headlines for now and next up we follow the fight to eradicate polio in pakistan and the political challenges facing it lifelines is next. there are those who dream of the possibilities of the world free of the ancient diseases that keep billions in poverty and for those who strive to make that dream a reality their quest is on the brink of the church. and. the only two countries in the world where polio is still endemic. afghanistan and pakistan but pakistan is the largest polio virus reservoir in the world and is considered to be a key battleground in the global fight against the disease. in the past year over forty vaccinators and support staff had been killed while working to eradicate the polio virus on tuesday gunmen shot to death six pakistani women who were boarding on the un and government backed polio vaccination campaign. the attacks have been linked to the taliban in twenty twelve they called for a ban on vaccination

when you look within the asia-pacific, oil is one of the groups leading gains. a good example is the hang seng, .8%. oil prices on the way up as well. the nikkei is having a stellar session, up 1%. samsung electronics is up over 10%, tencent up over 1%. volumes are still like which has been a feature so far this week. chinese trade numbers helping them and it looks like frontloading ahead of the tariffs kicking in january seeming to help the numbers so far, up until this point. that thick of earnings season over in japan. repeating ongoing concerns, cutting the sales forecast. the company still makes those laser disk players. toshiba was out with earnings and announced a buyback, shares of the most in over a year. gambling has not really taken over from the holidays back in the start of october. that's a wrap up of markets here in the asia-pacific. you for the markets in hong kong. were asking questions, when will funding squeeze impact the fed? usn the debate, reach out to and the team at the function on your bloomberg. we are seeing market rates on the rise in

the biggest drag on the msci asia-pacific index today. we are also seeing a big slump coming through in chinese education stocks. this is after a regulatory clampdown. that follows clampdown is on the property and also pharmaceutical sectors. really just dimming prospects. china may believe down by 18%. down by 18%. nejra: more broadly, equities in china holding up. now let's get the bloomberg first word news in hong kong. >> theresa may is defying demands to quit as she battles to keep control of her government. facing a result -- a revolt over her eu deal, may said she would stay in office because the public expects heard -- expects her to see brexit through. seven members of the government resigned including two cabinet members. the telegraph newspaper reports northern ireland says the deal to prop up the government is over unless may is replaced. >> i'm going to do my job getting the best deal for britain. i'm going to do my job getting a deal in the international interest. mps will be doing their job. they will need to look at that d

ofhave the chairman asia-pacific and greater china.fknowledge the ceo summit kicking off in full swing today. raymond, thank you for joining us here. what was the main takeaway of this survey that you did across the asia-pacific? it was started in may and it ended midsummer, just as the trade tensions are starting to bubble. >> it is great to be here. we do a survey for the summit every year. this year makes it very interesting with what is happening around the world these days. our survey covered close to 1200 covering all 21 economies. >> how fearful are they? the risk and appetite, given the uncertainty. the two largest economies of the world engaging in a trade war. >> i think the ceos are very agile and the in depth. they look at a very clearly challenging situation. it is going to affect everybody, but there are opportunities. ceos are looking at opportunities. we look at the survey results covered from early may to around early mid july. prior to that, there were a lot of trade tensions. 6 was the early implementation of the u.s

the ambition of the asia pacific economic cooperation group is to foster better relations and smooth the trade between the twenty one biggest economies of the pacific region combined they're worth more than half the world's total but papua new guinea's economy is the smallest of those in the apec group and there's obvious poverty in port moresby a city right now where security is tight most years the leaders of all apec countries attend its annual summit the us president as leader of the biggest. i mean the world is the star attraction but donald trump is skipping this year's event leaving china's president xi jinping as the leader in the spotlight and in his opening speech were clear criticisms of trump's trade policies so. resorting to old practices such as protectionism and unilateralism will not resolve problems but add to the uncertainties in the global economy. other leaders including both australia's and malaysia has criticised terrorists too but the us vice president in port moresby in place of trump criticized china and mike pence had thinly veiled warnings for countries temp

asia pacific stock requesters sliding as we went to air on tuesday after a torrid session in the states stocks overit by renewed concerns trade sessions. >> just looking at the data in asia, and i think asia is a kind f canary in the coal mines for global activity from p. mimbings' to exports to -- p.m.i.'s and exports seeing this asia growth is decrediting. -- decelerating. i think it is a key bellwether for exports. also i think china's slowing down is weighing on the region protectionthis trade is weighing on businesses. we think things are going to get worse in terms over the growth slowdown. this is at a time, don't forget, where q.e. has turned to tightening and the fed is still raising rates. we think it is going to get rse before it gets better in asia. particularly china in the first quarter of 2019. yousef: i want to get your view as to what we can really draw in terms of lessons from what is happening in some of those u.s. - momentum starts. the latest example of how this darker outlook for growth that you point out is trickling through and what is going to stop this? they ca

the ambition of the asia pacific economic cooperation group is to foster better relations and smoother trade between the twenty one biggest economies of the pacific region combined they're worth more than hoff the world's total but papua new guinea's economy is the smallest of those in the apec group and there's obvious poverty in port moresby a city right now where security is tight most years the leaders of all apec countries attend its annual summit the u.s. president as leader of the biggest economy in the world is the star attraction but donald trump is skipping this year's event leaving china's president xi jinping as the leader in the spotlight and in his opening speech were clear criticisms of trump's trade policies so paul resorting to old practices such as protectionism and unilateralism will not resolve problems but add to the uncertainties in the global economy. other leaders including both australia and malaysia has criticised terrorists too but the us vice president in port moresby in place of trump criticized china and mike pence had finley veiled warnings for countries

the ambition of the asia pacific economic cooperation group is to foster better relations and smooth the trade. in the twenty one biggest economies of the pacific region combined they're worth more than hoff the world's total but papua new guinea's economy is the smallest of those in the apec group and there's obvious poverty in port moresby a city right now where security is tight most years the leaders of all apec countries attend its annual summit the u.s. president as leader of the biggest economy in the world is the star attraction but donald trump is skipping this year's event leaving china's president xi jinping as the leader in the spotlight and in his opening speech were clear criticisms of trump's trade policies so paul resorting to old practices such as protectionism and unilateralism will not resolve problems but add to the uncertainties in the global economy. other leaders including both australia's and malaysia has criticised terrorists too but the us vice president in port moresby in place of trump criticized china and mike pence had a thinly veiled warnings for countri

the got low volumes overall, the indexs asia -- pacific lower.'s get the first word news from dubai. >> brexit negotiators worked through the night in brussels after theresa may and jean-claude juncker said they made progress in last-minute talks on the future post-brexit trade agreement. may announce she will return for last-minute talks on saturday just a day before e.u. leaders are due to sign off on the deal. she earlier warned the u.k. parliament that voting against her draft deal could mean brexit does not happen at all. >> the point that has been made by a number of my colleagues in relation to the folks that come before this house on a meaningful vote on the deal from the european union is very simple. if you look at the alternative to having that deal with e.u., it will either be all uncertainty, more division, or it could risk no grexit at all. nissan boss carlos ghosn may learn his fate later when the board meets to discuss his arrest for alleged financial misconduct. the ceo has already said he will be dismissed. aresources say direct

you know history papua new guinea is the poorest member of the asia pacific economic cooperation or apec group but the economies of its twenty one members are combined worth more than half the world's total discussing ways to grow them further through free trade investment and development is the official substance of the apec summit with big investment deals likely to be negotiated and announced but it's the unofficial meetings and bilateral discussions and deals on the sidelines that will matter most particularly those involving china's president well this is the show paying isn't paul was me for five days whereas most leaders will be spending as little time here at or in port moresby as possible to the disappointments of its hosts presidents putin of russia and trump of the united states a skipping the summit altogether u.s. vice president mike pence will be staying in australia and just flying into port moresby for day trips that adds to the feeling among some apec countries that china has more to offer them than the other big pacific powers china's growing interest and investment in

great to have you, the vp for asia-pacific and communication technology here in singapore. a look at warren buffett's big buyback. his appetite for stocks including his own. taking a look at berkshire hathaway. this is bloomberg. ♪ loomberg. ♪ shery: we are getting dbs results. the singapore bank reporting net income at $1.13 billion .ingaporean that is below estimates. the third quarter net coming in, 2.1% below the average analyst estimate. we are seeing third-quarter nonperforming loan ratio was 1.6% against 1.7% year on year. 1.86%t interest margin against 1.85% quarter on quarter, 1.7% year on year. there is net coming in below billions of $1.4 singaporean. this is one of the last banks to report earnings. we have seen strong results from singaporean banks being helped by comprising global interest rates -- by rising global interest rates. dbs, there are net income coming in below estimates, haidi. asia's largestt lender, not too bad a rating. they are trying to expand into new capital markets like china. we will get you more details. a look atake legendary investor wa

this year's apec summit has broken out without agreement it's the first time leaders at the asia pacific economic cooperation summit could not agree on a final communique benjamin netanyahu was implored his coalition partners not to bring down the government he was speaking after hours of talks aimed at saving his ruling coalition which has been left with a one seat majority in the knesset. complex security situation and journey a period like you don't topple the government during a period like this you don't go to elections it is irresponsible we still have another year before election we are in the midst of the campaign and it's the middle of a campaign you don't abandon in the middle of a campaign you don't play politics the security of the state is beyond policy. i want to bring you more now on the case that speech. saying she is a political expert at the truman national security project was a former legislative affairs adviser in the obama administration she joins us now from washington thank you very much for speaking to us and i start by asking you about the implications of the ci

me to "daybreak: >> asia-pacific markets facing a weak start. multiyear declines as opec warns demand for crude may slide more than expected next year, but investors see a glimmer of hope. the white house confirms the u.s. is talking to china at all levels. >> we have breaking news out of south korea, the unemployment rate coming in at 3.9% for the month of october, below estimates that it will stay flat at 4%. that was also the figure for the previous month. so it is a better-than-expected unemployment rate, lower at 3.9% in the month of october. there were some concerns about the labor market, of course. we have seen some corporate restructuring and industrial sectors that have hit jobs in south korea that rose to a 4.2% high in august, the highest in nine years. it has slowly been declining since then and for the month of october, coming in at 3.9% and hadr than analysts expected. let's get a check at how markets ended. the u.s. trading session on this equity markets. we could see trade tensions easing between the u.s. and china, but it was o

who believe that they can even benefit from the situation deutsche bank for example the boss of asia pacific unit just told the newspaper hundreds plot here in germany that he thinks his bank can position itself in china as an alternative to american banks but of course this is an exception most of the companies here in germany are not happy about the trade spat or about the terrorists we see a huge amount of profit warnings during the last few weeks and months and now with the earnings season underway here in germany of course many investors are nervous calmer just oh let's have a look at the markets around germany and europe how did the week's dollars. not bad i would say given that the german share index dax gained around about three percent last week i think it's already positive news that the dax the markets here can't keep those gains today what's positive is that the banks in the european union all have passed the stress test of course there are a couple of problems of course in italy some of the banks in germany really super stable in terms of capital but they all. and this is positi

president xi takes centre stage at the asia pacific summit in papa new guinea — a sign of china's growingce in the region elswhere on the markets. asian shares follow wall street higher on hopes of a thaw in relations between the us and china — with reports that washington has put the latest round of tariffs on hold. we start with the pound — which has been taking a pounding. sterling has suffered its worst sell—off in more than two years after a series of resignations from the uk government over prime minister theresa may's draft brexit deal. the chaos in westminster has thrown the future of the deal into doubt — just hours after it was revealed. we will take a look at the deal in more detail in a moment — first lets cross to singapore where rico is looking at the currency markets. what do international investors make of what's going on in the uk? at this point, they are still very nervous about developments taking place in the uk and as you can see right now, in regional trade, the british pound remains under pressure after the currency suffered a rock fall overnight on fears the countr

ofra: after four days declines, the msci asia-pacific index in positive territory.he 10 year yield not really reacting. we heard from trump line got the u.s.data out of yesterday. a fifth appetite for u.s. equities. the s&p 500 hitting a two week low but perhaps we will see a rebound in today's session, judging by the futures. and cable is focused also. where she goes really is anybody's guess. we saw that deal come to the table last night. europe is in a slow math -- slowdown mode. we have our chief economist here, 85% drop in the price of oil has been down to dissipation of demand. the question of the day, join in. where is the next move in cables? is it that are down? -- is it up or down? let's get to debra mao in hong kong for the business flash. utility pg&ernia plunge the most in 16 years on the possibility that its equipment sparked one of the catastrophic wildfires ravaging the state. shares plummeted after the company and mated it has exhausted its revolving credit line, a sign of growing financial stress. citigroup said damages from the fires may total $1