the business flash headlines, bhp billiton is going back to plain old bhp.t to launch a $10 million advertising campaign, changing its logo. they want to change the way the community thinks about it. change has been in the works and has nothing to do with the accidental recent hold for reform. mitsubishiges to the u.s. financial, which will consolidate accounts into its commercial operation. that would see a record in the bank of tokyo. moveenders hoping to efficiency. the changes will affect about 2600 corporate customers abroad -- boring -- of borrowing. haidi: the investment arm of the sovereign wealth fund of abu dhabi is going to invest as much as $15 billion in the seoul-based vision fund. they say it is a significant return, and they will make their investment over the next five years. softbank will wrap up in the next two to three weeks. $95 billion of commitment so far. betty: china laid the framework for its new east-west trading route known as the belton road. the ministry described as the plan of the century. tom, take us through the details of t

one of the world's biggest miners — bhp billiton is rebranding and axing the world billiton from itsined the name when it merged with a south african company in 2001. the firm says the change is all part of its efforts to emphasise its australian heritage. let's check in with the financial markets now and in asia investors have been mainly pretty upbeat. that figure was to do with results from department stores. investors have shrugged off the effect of the cyber attack and instead, the value of security stocks have surged. a male positive sentiment across platforms has been capped with some figures from china. let's take a look at europe. samira hussain takes a look ahead at what's we can expect on wall street later. on monday big hedge fund investors like carl icahn and david einhorn will reveal their first quarter purchases and sales of well—known stocks like snap, tesla and apple. we'll also get insight into market trends including whether billionaire investors took money off the table in us stocks especially financial stocks as the trump trade began to fade. the gap and home dep

bhp billiton about to launch a $10 million advertising campaign, changing its logo and dropping billitonh the community thinks about it. it says the change has been in the works for 18 months and has nothing to do with elliott management's recent calls for reform. asia-pacific companies are bracing to see if they will be next in the global wave of cyber attacks that have hit the u.s. come u.k., and russia since friday. users of older microsoft windows operating systems are the ones most at risk. is a revelation into which organizations and countries are running on older microsoft windows dating back 15 nots or so or if they have updated critical patches. most recently for example, bank of china's atm's have had issues , also sinopec's payment system, getting gas at the stations, a taxpayer. apparently runs on 90% of its computers using microsoft windows, and also fedex, nissan, so many companies clearly running on microsoft systems that need an update. looking ahead as we wait for other countries to come online, india is also one to watch. the times of india is reporting arerts say in in

bhp billiton is going back to plain old bhp.sing campaign changing its logo and dropping billiton. the company says it needs to change the way the community thinks about it. it says the change has been in the works for 18 months and has nothing to do with elliott management's recent calls for reform. changes to mitsubishi ufj financial, consolidating corporate accounts into its commercial operation. it dropld see references to the bank -- drop references to the bank of tokyo. the changes will come into effect for about 2600 corporate customers with barring of $106 billion. angie: we turn now to video gaming come a deal involving hong kong and a company described as the apple of pc gaming. the cofounder and ceo of razer is partnering with hong kong's three group of c.k. hutchinson, and it looks like we have that li ka-shing arm looking into the future and seeing youth as a driving force of growth. >> this is really part of our relationship or partnership with three to do cobranding, focusing on the youth market, the gaming market

billiton and total and royal dutch shell there as well as some of the ther banks, b.n.p..b.s.. you look at the gainers, you see nestle, roche. not really gaining quite enough to bring the stocks 600 up which is currently down about .06. 2/3 of 1%. let's talk a little geopolitical action here. meet premier li will with angela merkel this afternoon as she continues her pivot away from the u.s. and towards asia after yesterday's meeting with modi. li meet with may need the relationship s much as merkel as he tries to maintain china's ambitious targets. economists warn a slowdown in growth is coming from china even as the p.m.i. data held up for may. we got that out this morning. pretty positive surprise. what do you think about china? ok, we got a big sigh of relief with the p.m.i. and a move in assets in asia. does the chinese growth, does the landing look like it is going to be a smooth and soft one? >> our team in hong kongs that been concerned about the slowdown in china for the second half for quite sometime. it is a very legitimate concern. the economy has been motorin

billionaire paul singer's elliott management has set out new demands to change at bhp billiton.t called on the world's largest miner to conduct a review of its oil unit and downgrade the producers in australia. bhp said it will review and reply to the letter as appropriate. disney ceo bob iger says hackers claim to have stolen and unreleased film and are threatening to distribute it online if they aren't paid ransom. the company is declining to do so. the alleged extortion to attempt is part of a string of cyber crimes after more than 200,000 computers were infected with ransomware. and that's your bloomberg business flash. guy: thank you very much. easyjet posted a loss this profit coming in at 236 million pounds in the red. katz. joined by theben in some ways, there is something for everyone in this report. that loss is vague, but the outlook statement is better. >> yeah. we are looking at a record loss for easyjet, over 200 million in this period, which is clearly the worst they have ever done in the first half. a lot of that has to do with the timing of easter, which last ye

let's check first word headlines. ,hp billiton under pressure down to a fresh set of activist investorthe world's best performing hedge fund has a added its .oice to sell swiss saysit beijing's drive to influence is promising with president trump pulling back from global engagement. it says most of the money will india, russia. rishaad: malcolm turnbull prepares to meet president trump , he has been echoing some of the u.s. presidents rhetoric at home. we have a budget next week expected to contain and infrastructure spending splurge, appealing to voters with nationalists, nation-building policies. it could cost the nation's aaa credit rating. haidi: the wto has upheld impose plainht to packaging on tobacco products. said it could usher into a new wave of restrictions after tobaccold producing countries filed complaints. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. president trump has finally met with malcolm turnbull in new york. smiles, handshakes, even talk of the deal. raimi inocencio has been watching

. >>> bhp drops the billiton in rebranding it.o change its corporate structure. >>> and australia's fairfax media receiving a proposal from tpg consortium. tpg sending sales to six-month high. you 6%. >>> gold producer el dorado looking to buy the remaining shares of integra gold in an eastern region of canada. >>> and deutsche bank making calls in the coach. downgrading jcpenney and michael kors to hold. really, jcpenney down about a percent. >>> in tech news, lyft is teaming up with car developer waymo to develop a program. waymo has some of the most advanced technology out there. and it just started testing cars in phoenix, arizona. lyft offers ride sharing in 300 cities. the exclusive will continue to work with self-driving programs with a major investor in that company. >>> we're learning more about which high profile investors bought into snap which went public in march. and fidelity with 33 million shares. blackrock at 9.4 million shares advantage guard, only 7 million shares and downlights third point 2.25 million. and the

seems the odds are not in elliott adviser's favor given the unsuccessful attempts to split up bhp billiton and now this. do you think there will be more? >> yes, it's what they do. and the investors into elliott like it. >> gemma, thank you very much for that. interesting story. >>> the london stock exchange agreed to acquire citi's fixed income analytics yield book and indices for 6$685 million. citi said the transaction represented a strategic decision. the deal is expected to close in the second half of this year. >>> do e-mail the show. the address is streetsignseurope@cnbc.com. you can also find us on twitter, streetsignseurope@cnbc and tweet me, @carolincnbc. >>> still coming up, theresa may and jeremy corbyn face tv grilling ten days ahead of the election. could the debate help corbyn close the gap in the polls? we'll find out in two. >>> welcome back. british airways says it will be operating full service from heathrow and gadwick airports today after announcing computer systems were back up and running again. it warned that it may take time for bags to be reunited with travelers.

. >> we look look at billiton, rio tinto and your firm, it's not always been an easy path. your fortunes looked differently a few years ago. had to tap the markets to raise some money. but you paid a premium. 2.3 billion raised in bonds, 9.7% per annum on the interest rate. in the past week, you raised another $1 billion, but at 5% per annum. tell us about the turnaround. >> it's happy times right now. we were caught, i think, a couple years ago with a massive downturn in the oil price. the u.s. high yield market is heavily focused on energy. shale gas, shale oil, oil generally. we were caught in that downdraft. our timing into the market could not have been worse. so i think that's the biggest impact we had with the high-priced bonds. sometimes it's the price you pay, i guess, for using debt to fund the expansion of the business. for us, we think that strategy has played out extremely well. today we're in a strong position where we divvied the balance sheep rapidly, we own 100% of the business and have been ability to expand rapidly by using debt and repaying it. >> we wil

activist investor elliott management is meeting with bhp billiton shareholders in australia as it urgeshe company to overhaul its businesses. according to a person familiar with the matter, they are going over details to emerge bhp with other shareholders. a spokesman declined to comment. the british chambers of commerce have issued their demands to the next government, itss priorities and manifesto, for a "frictionless future trade arrangement" with the eu. no new business taxes for the next new parliament, and delivery of investment and telling medications infrastructure. it wants protection for your nationals in the u.k. and an immigration system that doesn't cut companies off from labor. there is a says bump due to the presidents we use of the social network, but the company would love it if every world leader used tweets. twitter reported a jump in monthly active users last quarter, but admitted won't translate right away to increase revenue. >> as we said in the earnings call, we don't today have visibility on seeing the revenue trend improve. first, we need advertisers to recogni

siemens, s&p, bhp billiton. novo the from a suitable stocks this morning are well bid. up next, it is bloomberg surveillance. francine lacqua, and joining tom keene. i'm going to join anna edwards on bloomberg dab digital radio. ♪ francine: the market season no fomc responded softening economic data without reducing expectations? iphone sales slump as consumers wait for the next big update. can apple deliver the blockbuster new features it needs to fend off rivals? brexit gets bloody. theresa may says that jean-claude juncker is finding out what a tough opponent she can be. o the gloves appear to be off.

elliott management has set out new demands to change at bhp billiton.alled on the world's largest miner to conduct an independent review of its oil unit and reviewing proposal to downgrade the suppliers in australia. a former bank of america senior vice president and her house and have been charged with embezzling more than $2.7 million. are accused of making charitable donations on behalf of the lender before using intimidation and threats to get much of the money back for their own use. the lawyer says she has pleaded not guilty, while a lawyer for her husband has not immediately return calls for comment. disney's ceo bob iger says hackers claim to have stolen an unreleased film and are threatening to distribute it online if they are paid ransom. the company is declining to do so. the alleged extortion attempt as part of a string of cyber crimes rattling the world after more than 200,000 computers were infected with win someware. -- with wheransomware. manus: larry is giving us an hour of his time. anna and i are mastering the gmm. it will get there b

western australia could raise billions of dollars by asking rio tinto and bhp billiton to on iron ore far from bhp and rio. western australia is looking to reduce its $22 billion debt pile of which the government said could take decades. >> that is it from us here on "daybreak asia." haidi has been tracking developments out of north korea. we are seeing market reaction limited, but what is the reaction so far? it takesu wonder what for these korean equity markets to have any sort of reaction that is anything more than just sanguine. this is the ninth missile test from pyongyang, so certainly up the saber rattling out of north korea and creating a headache when it comes to the incoming new president, moon jae-in. this may force his hand. we are continuing to monitor statements coming from south korea and japan. also, what china can do about the situation, because they have been under pressure from the u.s. to do more to curb north korea. >> indeed, right, and ending on china, china's central bank said to be changing how it calculates the daily reference rate. it has been slowly creepin

when we do get the open in australia in a few minutes, keep an eye on bhp billiton. going to relinquish their south african oil exploration licenses. it fell 2% last session. that is the most since may. keep an eye on rio tinto. on renesas an eye electronics. something to keep an eye on. futures slightly down. that is because the yen is weakening. the yen was stronger in a previous session. we could see some poll, some dragged from a previous session. the kospi, another date upwards. the kospi has been up for the past four sessions. the rsi is in this territory. keep an eye on china, the hang seng index. we are expecting an update. for the rest of the day we will be focusing on oil, the opec meeting coming up. yvonne: asia-pacific markets send mixed messages despite wall street closing at a high. the s&p 500 rebounded from last week's selloff. betty: the fed is raising the question of hot or not? the rate debate to balance a boring job market with inflation that seems half-asleep. yvonne: oil producers meet later in vienna. there are expected to announce extended out

. >> as we head to break, look at the shares of bhp billiton the world's largest mining company, sittingshing for changes. this as the pull singer came off removing klaus kleinfeld from a role. the stock is up a quarter of a percent. more "squawk on the street" after this. after this. ♪ it's been over 100 years since the first stock index was created, as a benchmark for average. yet a lot of people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? why invest in average? >>> that does ron paul thinks the federal reserve needs to do first? we'll ask him on "trading nation." >>> stocks are on the move higher. the focus is earnings and a lot of the big cat tech names that are set to report this week are already strong, reaching record highs. check out for instance, netflix, apple, facebook, all at records. apple will report results tomorrow after the closing bell. this is the dow's best pe

elliott management has come out with a new list of demands at bhp billiton. a full or partial spinoff of oil assets. they also plan for a review of the corporate structure. it would allow it to stay headquartered in australia. hackers claim to have stolen and unreleased disney movie and threatened to release it unless they are paid a ransom. ceo bob iger disclose the threat in a , staff members. -- a call with staff members. they say they will not pay. francine: china has increased its holdings of u.s. treasuries by the most in two years. it's ownership of government bonds stands at over $1 trillion. it's a sign that the second-biggest economy is stabilizing and stricter capital controls have helped. this comes after president xi pledged $78 billion for financing with the infrastructure initiative. diana and peter hooper is still with us. right to have you with us on the program. give us a sense of how we should look at china. $78 billion is quite a big number. his president -- is president xi trying to rival president trump to be the big man on the global st

they have been taking it to bhp billiton.been going on for months for arconic. >> akzo nobel. >> after them as well. to try to pave the way for ppg to go hostile which they have to do before july 1st or step aside. >> this is a shock. they must have had the votes. >> they get three of four. >> be aware. look, this is a sign they'll take something that klaus said was short termism. and short termism that means stock higher, i guess. wow. >> meanwhile, jim, we have semiconductors nvidia, micron, a bunch of hours. >> i was waiting who was going to come out positive on nvidia today. now you have $7 a share which means that nvidia is not expensive. nvidia is deep learning. machine learning. it's gaming. >> machine learning, ai, gaming. it's everything. did you read that speech from that -- at the investor day? >> sure. jensen's speech. jensen's speech. remember, he feels that software at one point was going to eat the world and now he says that artificial intelligence is going to eat the world. and nvidia is in a lot of autonomous