asx is aize that the great vehicle for participation.has credibility to us when we work with operating partners that we are listed company. everything is transparent. what is the china in parity of? what are you looking at there yet could do you have already partnerships lined up with alibaba? is guest: in a closed shop? guest:you are definitely in conversation. i cannot say -- i can't just yet. we're working in southeast asia right now. the next steps are latin america. rishaad: thank you very much, indeed. coming up, we are going to be live at the electronics show in shanghai. ♪ the electronic show -- the consumer electronic show in a -- in shanghai. what have they got in the works? that -- beyondow that, it looks like the co is setting up for a futuristic set of hands. , the head ofe handset products spoke about a future where you could potentially upload your data into the cloud and downloaded into a robot, thereby achieving immortality. he spoke about reincarnating dead relatives in to take cloud. you can then have grandchildren com

the s&p dow jones replacing broad-spectrum in the asx 200 with this stock. expect people to be buying it up. 2.6, not bad. angie: this is also a very tragic story. is the british retailer facing a lot of for letting korea after some products were linked to respiratory illnesses and death. among those companies probed by also their, it is own in-house brand as well. they will be counted -- compensating victims. some pressure on the stock today. angie: those are the stocks to watch today. that is the verdict from the stock exchange. "hat is it for us "firstup today. the big surprise, we had just been talking about it. almost certain donald trump will be the nominee for the republican party. suspendinglling out, his campaign. we will be getting reaction to that. we have got the us dry and budget from yesterday in focus. we will be talking about that with the australian finance 32ister joining us in about minutes from now. and last but not least, looking at this move by the yen as well. inwill look at that and more "trending business." ♪ Âi ♪ rishaad: it is wedn

s&p, asx 200 down.hina markets will open in an hour and a half but the shanghai composite inched up on monday but heads towards the biggest monthly loss since last year's devaluation, big drag on the chinese economy, of course, has a rippling effect and will have a rippling effect on neighboring economies we shall check. back to you. >> thanks a lot always for your updates and we'll touch base in a few hours time, thanks a lot. ramine from the tokyo stock exchange. >> for centuries art zisevens he made a porcelain but changing tastes are weighing on demand. they hope to reverse the trend by trying something new. nhk world explains. >>> the world's largest interior design exhibition took place last month in milan. officials held their own show in the city that featured simple modern designs or strikingly different from conventional. for example, this piece is completely gray and it's creator broke with tradition by deliberately applying an uneven glaze. >> i think this would be very successful in the uni

australia mining stocks weighing on the asx 200.ndongher exchange on friday, but quite a bit of weakness coming through from those big mining players. the crude price giving support to energy players. up by 4/10 of 1%, $49.53. have a look at the gold price, particularly in australia. 1%, itswn six tens of ninth session of losses. a long streak of losses for that safe haven gold. the japanese yen also coming under pressure, so investors seem to be putting money into more risky assets. .5%.ollar-yen down by that is now at its weakest level in a month, so getting a boost to japanese equities. haidi: recapping that earlier news that broke, change at the top of noble group. the ceo has quit. his resignation has been excepted. let's get over to singapore and our southeast asian correspondent. noble never far from the headlines what is happening? development, the resignation of the ceo. no details have been given. it did say for now that there will be co-ceos. the chairman will continue in his role. noble says he moved the company profile

same story when it comes to sydney stocks, the asx 200 down 9/10 of 1%.miners as well, despite the retracement in prices last week slows. also, weakness from southeast asia, malaysia down by a quarter down bytraight times 4/10 of 1%. it is the energy space leading the index lower there. shanghai opening a 10th of 1% that market has in not doing much over the past few weeks, sitting at that 2800 level. point for support. back, downng giving to tenths of 1%. we are in a wait and see mode. see about waiting to a potential move in june. this is what were looking at in terms of commodities. is extending its retreat, down by .5%. focus,c meeting in comments from iran that they will not be joining in on this production freeze. the yen is starting to climb thatte counterintuitively miss on trade numbers for imports and exports. rishaad: thank you, indeed. two days of talks between g7 finance ministers ended without consensus. there is a growing divide between united states and japan. our chief asian economics correspondent was there. what is the difference in the

you can imagine declines on the asx could be weaker today ahead of reasonably good results from coldwellr. getting tough but things still like to hold them for the yields of the dividends. they are still relatively healthy, angie. angie: ok, thanks for that, paul. other headlines right now. honda is planning additional recalls that could cost about $2 billion and it follows toccata -- takata ordered to replace 275 million devices. this is after a mail campaign to urge drivers to have their cars fixed. toshiba has a replacement after a shareholders meeting in june. kawa will narrow toshiba's wide operations. and disney's new shanghai theme park is proving popular even before its official opening. the company has been doing well ahead of next month's launch. operations for a number of guests and hoping for the $5 billion resort to tap into china's burgeoning middle class. and combating monday laundering -- combating money laundering with newly created registries in singapore. must consider new applications for bank accounts. there is an investigation of troubled state funds and they charge

shares in virgin australia are searching at the open on the asx after the airline announced that china'sould take a 30% stake. let's go to paul. what are the details? paul: it has been called a strategic alliance. is h and dayhat buying a 13% stake in virgin. 139 million us trillion dollars worth of new shares. they are paying $.30 per share for those. it is going to give them a sizable chunk of virgin australia. they intend to expand that over the coming years to about a 20% stake. hna full also be invited to nominate a director to the board. the deal is still pending. timemes at an interesting with air new zealand saying in march he wanted to get out of their stake in virgin currently holding about 26%. we do have virgin shares up, very healthy, 5.3% this morning. it has been an underwater -- underwhelming investment for air new zealand. virgin is off about 38% year to date. , they are as forhna conglomerate that owns china's fourth-largest airline. they are involved in supermarkets, hotel chains as well. it looks like hna will have a piece of us trillion as well. angie: thank you. com

futures indicate things are likely to be flat in australia on the asx and nikkei.ional benchmark index may struggle. one of the bright spots is likely to be southeast asia's largest budget airline air asia, a malaysian-based airline which profits rose sixfold largely thanks to china. 18 destinations in china. air asia is planning to add more. important data out of japan with cpi for april. it is likely to show that deflation is worsening, down 2.4% -- -.4%. more evidence of the negative rates are not working. wants tos as japan insert the words that the global economy is at the risk of falling into crisis in the g-7 communique. i'm paul allen in sydney, australia. ♪ this is bloomberg west. this week saw new alliances force between automakers and their challengers. the car industry braces for change exactly when it comes to the future of car ownership. the world's biggest car plants are hoping to secure a place in that future. let's take a look at who is leading the pack. ♪ >> carmakers are choosing sides in the ride-hailing wars. volkswagen invested $300 million in

up.australia asx 200 we are seeing good gains from health care and also turnaround on the shanghai markets going on lunch break up 0.2% despite the disappointing data out of china. hong kong looking very strong. 1.3%.ng seng index up a little bit of weight in the southeast asian markets, but generally we are seeing a solid session coming through for the first trading day of the week across asian markets. angie: we are getting a look at how the bank of japan's negative interest rate policy is affecting the country's biggest banks as they post results. we have heard from two of the three big ones, mizuho finance and mitsui. we have more, and it looks like a mixed say. >> look at the policy, not too different from financial. 11% for thet to year, $85 billion. it would be a four-year low, if it does fall to that, but that is still better than what analysts were predicting. they had been saying it would generally be at $5.3 billion net income. negative rates will have an impact of three under $68 bution on your earnings, $60 billion,6% to facing the own target. offset aings helped drop in lend

we're expecting things to be flat on the nikkei and the asx in australia.ly, the iron ore prices likely to be a driver after a swift 6.7% overnight. that is after chinese iron ore stockpiles broke through the hundred million ton barrier, and that has likely drive the miners in australia lower. in japan, the air maker to, have haveded -- takata expanded their recalls once again. these are toyota cars. off 74% since november. some interesting central banking speeches today. james bullard of the u.s. that here, glennd also stevens will speak to an audience in sydney. markets will be watching both of those statements closely to see when rates might go up in the u.s. and the possibility of a cut here in australia. ♪ emily: welcome back to "bloomberg west." facebook has sent a response to u.s. senator john soon, who complain about the controversy surrounding the trending topics section. facebook says they have conducted an investigation into what happened with trending topics. they show that investigation showed no evidence of systematic political bias. allege th

buying coming through, asx 200 certainly being supported not only by energy stocks of material stockse likes of iron ore also rising. you can see a number of key players in the mining space, the australian share market higher. generally strong, the cost figure slack, we are seeing the one rise along with what we saw in the crude price as well. we've been talking about the aussie dollar, having that massive spike when the rba minutes were released. because we have interest rates at that record low, it is unlikely we will see another rate cut soon from the rba, but you can see that very strong rise, aussie now under 73. that's the state of play across asian markets. ♪ emily: amazon is upping the ante, planning to roll out privately-labeled goods across our range of categories, like perishable foods and household items like laundry detergent. these plans have been in the works for several years and could appear on the site by the beginning of june. under brand names like happy belly and mama bear. how big could this business be for amazon, and what does it mean for the competition? i'm j

s&p, asx off .6%. >> and as said we did have the surprisingly hawkish minutes. >> some were surprised. lot of expectation when you look at the strong data and other comments from the fed but nevertheless probably surprised when we look at janet yellen's statement we had most recently. >> and the jobs number. but the april minutes suggested june rate hike could still be on the table if the data holds up. it would likely be appropriate for the committee to increase rates in june if economic growth picks up, the labor market strengthens and inflation continues towards that 2% target. >> on that news t major averages swung into negative territory after the release of those minutes although financial, outperformed. because they of course see another increase. the dollar index as you would expect saw a big gain. its largest daily gain since february. and nick, thank you for joining us. as we debate the live event. what is your take following the minutes yesterday? >> the fed did a great job. so if you think about it before. the risk was too one way. the market wasn't pricing a fed rate hike

asx 200 up. new zealand, down 1/10 of 1%. we will see better movement in the region today. positive gains coming through in the u.s. session on friday. betting thatomists the likelihood of a jew rate hike is off the table. anotherlikelihood of lift up is in september. we want to show you some of the australian banks today. share prices higher. banks also have discovered they have approved hundreds of home loans backed by fraudulent income documents in china, although it is a small portion of the loan books. crude oil price, continuing to rise. $53 a barrel. in the philippines, more than 15 million people are choosing their new president. the focus is on the presidency in this election. it is arguably the most important in 30 years. let's start with, what is at stake? a lot.a: the economy in particular. -- this is theer rising tiger of asia. the economy growing at 6%. pretty much prompted by the administration of the outgoing president. he has managed to lift the philippines out of junk ratings are a lot is at stake. ,hether they build momentum lots of challenges facing the

the asx 200 is a different story; it reversed five days of gains, falling 2/10 of 1%. are seeing iron ore volatility reaching this year's high and affecting miners. bok are down ahead of the policy decision tomorrow where they are expected to keep rates unchanged. strengthening, affecting exporters. the shanghai composite down 2/10 of 1%, the hang seng down 6/10 of 1%, investors being a bit cautious about the chinese economy. that thereis morning are still downward pressures on the chinese economy. yen,a look at the japanese which is reversing course after strengthening a tencent 1% yesterday. it is now weakening half a percent, which has helped exporters in japan and helped the stock market turned positive in the last hour of trading. caroline: thank you very much. let's have a quick look at what stocks are going to be watching ahead of the open here in europe. we looking at some french stocks across the board. keep an eye on this particular bank; we are seeing it come out with numbers where profitability slumped some 70%, and it is all about the restructuring story.

the asx 200 closing down 1.5%. that is the biggest fall in a month. excluding japan, because japan will remain closed until friday, was actually seeing the regional index fall for a sixth straight session. -- kospi the cost be closing down .5%. all to do with the comments we had from the fed atlanta chief which has seen the u.s. dollar strengthen. that has put pressure on to a number of currencies in this region. you are talking about the japanese yen weakening. the korean won has had its biggest fall in four months. the korean won holding it 1154. 76 to the dollar. 1.3% today. the malaysian ringgit also coming under pressure. look at the aussie dollar. it has come back up from the big slump we saw in the tuesday session. it is holding just under 75 u.s. cents. equities, apart from the pickup that we have seen in china in the last hour of its trade, not a great lead-in for europe. manus: thank you very much. julia sally wrapping -- juliette saly wrapping up the asian trading session. up next, we will speak to sainsbury's cfo. that is coming up next on

in australia, good movement coming through on the asx 200, up by 4/10 of 1%. stocks leading the gains. that is what we are seeing across the region. health care and industrial stocks leading the game. it has been a switch out of oil and gas players, as we continue to see crude retreat from the six-month highs. having a look at some of the other stocks we are watching today, this is an interesting story on the bloomberg. hna group, ap -- large chinese conglomerate, in talks with the biggest shareholder of cwt. in tokyo, toyo tire and rubber has plunged the most in 16 years, almost 23% down. that is the biggest decline there isil 2000, after a forecast drop in ¥24 billion. checking in on the australia bond, dropped to a record, down 2.2%. yvonne: thank you. the record retreat of chinese companies from the u.s. stock market is sitting a bit -- hitting a bit of a snag. concern is growing that beijing may block plans by dozens of companies to be bought out and relist at home. what is going on? a number of is companies with deals still pending that they want to be b

angie: checking other headlines, shares look like this in early trading on the asx 200 and australia.%. pricesope says higher and earlier expected delivery will boost its next results $270 million aussie dollars. iran has repeated that it has no plan to join a freeze in oil production until the second half of the year or until its exports returned to pre-sentient levels. ahead of the state oil company says it hopes to surpass two barrelsw -- 2.2 million a day by summer. it will meet with opec partners in vienna next week. building its energy sector fund the lifting of sanctions for its nuclear program. lawmakers approve austerity measures to unlock emergency support for the eurozone. 153 votesy or secured in the 300 seat chamber. opposition rejected most measures and accused him of ruining the economy. your group leaders meet tomorrow on the bailout agreement. off aent obama kicking weeklong trip to asia in hanoi, seeking closer economic and security ties with vietnam in the face of china's influence in the region. a reporter is traveling with the president and joins us on the line. w