as australia reconsiders its stance on medical marijuana, struggling capital mining approached a us-based for lifeline. take over the company's listing and take the gold mining into the candidates business geared best. --. companiesre a lot of in australia that have not done well because of commodity prices for resources. those companies are available for reverse takeovers. reporter: neutral works is not the only foreign company to enter australian stock exchange through the back door. last year there were 30 reverse listings of from 19 the year before. loweredone visx -- asx from $.20 to less than five cents. asning the door to be reborn something new. last month, i meter reading service became an online luxury market brand. another was reinvented as a security firm. becamenickel miner recruitment firm one page. it has provided a surge of business to companies with a backdoor listing process. noticeable, very sometimes one inquiry a day. not from australia but from southeast asia. and notably singapore, hong kong, and malaysia. but any other country you can ,magine, saudi arabia, mongoli

paul: as for capital mining, it expects to be trading on the a.s.x. with a new name new product and new future by early june. paul allen bloomberg, sydney. angie: more on that story pick up this week's edition of "bloomberg business week." just because i'm away from my desk doesn't mean i'm not working. comcast business understands that. their wifi isn't just fast near the router. it's fast in the break room. fast in the conference room. fast in tom's office. fast in other tom's office. fast in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business. built for business. >> the top stories. the figure was the lowest significantly lower than 50.1 on friday. it is also the sharpest contraction in a year. beijing pledge whatever is needed to counter slowing growth. competitors have left the sides far apart. sources say there are deep differences on the fiscal outlook as well as asset sales and labor retention. australia upon

expects: capital mining to be training with a new product new name and new future by early june.allen, bloomberg, sydney. shery ahn: if you would like to get more on that story and others pick up this week's edition of bloomberg businessweek. next, little activity on china's factory for rise or fall? hsbc figures say otherwise. we will find out after this short break. ♪ shery ahn: stories making headlines around the world. saudi arabia has rejected claim it used weapons in yemen. human rights watch has evidence that cluster bombs have been used at least twice. they have also denied reports it said ground forces into yemen after witnesses say saudi troops were seen near the airport. more than 20 people have been injured and dozens more arrested during protests by israel's --opean jewish community ethiopian jewish community against police brutality. police say they were attacked with rocks and responded with pepper spray. words after showing and is really ethiopian man being beaten by police. the u.s. city of baltimore has lifted a nighttime curfew following violent protests over t

capital lima. >> reporter: many mining unions have joined this national indefinite strike accord to this federation as least 20,000 of their members are participating. but analysts believe that it's about 15% of the mining workforce around the country because many of them are afraid to lose their jobs. what they are demanding is to strengthen labor laws they want to revert laws that allow identifyfiringworkers in large numbers and want a large reduction? the use of contract workers. >> translator: we want the laws to change because they benefit the companies we do give bonuses from utilities but that's fair for the miners work tends of the year, however the business men take 70% of the utilities and the workers' hair is 8%. >> reporter: analysts believe the strike is not as important as the copper mine project. people have been clashing with police for the past seven weeks farmers say that mine will contaminate their land and their water. now the president has said he supports the project it's a $1.4 billion investment by southern peru copper corporation, a company owned by mining giant. the confli

very little chance that south africa will attract the domestic or foreign capital investment new greenfield expansion in mining operations or agriculture and the like as long as the rhetoric and now policy is starting to place the state in the position where it can seize property rights virtually at its will and delay the payment of compensation should any be paid in the longer term at all. >> all right, thank you very much. over to the audience. please wait for the microphone to get to you and if you would please, state your name who your pay master is and keep your question informal question. first question here. >> hi doug brooks with international stability operations association. great presentation frans. could you address foreign workers, how that impacted the economy and how chasing them out may impact the economy as well. >> absolutely, doug. if you follow the news on south africa, you will have seen in recent weeks attacks on black foreign workers out of africa. and these are nothing new. we estimated that between 350 and 500 foreign workers have been killed in terrible circumstances, machete wielding

one protestor has been killed mine others injured in the capital of burundi.demonstrators have been protesting against president pierre nkurunziza's decision to run for a third term in the elections, east african foreign ministers arrived to strike a peace deal. more than a dozen people have been killed and scores wounded since protests two weeks ago. each year more then 1,000 students apply or places at the mouth watering entrepreneurial school in ghana, it's where aspiring technology wants to be and is proving to be a successful incubator. >> these students are among the brightest brains in technology in west africa. the inside are closely watched by international investors. >> are you going to upgrade the features. >> the entrepreneurial school of technology runs a programme designed to give the young people the skills to compete worldwide. >> i want them to take a look at things that affect their lives and their family and friends lives. and try to solve the problems so they feel passionate about it. to be an entrepreneur and have a start up in technology

capital and n.a.t.o. headquarters, they claim the involvement is under mining the fragile peace much >> translation: we speak the same language respect the minsk agreement. we say this with the same firmness to both sides. this is the condition for peace. >> the capture of what appears to be two regular soldiers on the front line engaged in fighting strengthened kiev's hand and gives a hollow ring to moscow's continued denials. >>> iran and syria say they are strengthening their alliance. earlier syria's president met with iran's foreign affairs scrizor -- advisor in damascus. an iranian official says a strategic relationship constitutes a pillar of confronting the west and other countries in the middle east >>> a "the washington post" journalist held in iran for 10 months is to go on trial next week. jason, and his wife a journalist and photographer were summoned to appear in court. he is charged with espionage. the post and the u.s. government say the charges are false and called for his release. >>> 11 officers will spend a year in prison for failing to do their duty when a mob beat and burnt a woman in m

mine, even, i hear, in south africa. what is it - is this like social capitalism. you are making money, obviously. what do you say to people who say oh, this is all just, you money. >> well, it is a way for me to make money. yearly it's a business. i want to get into business to help people, change lives. i can be an artist and be on stage and do endorsements and make money, but i'm in a position where i'm gifted in a place where i have been offered opportunities, where i can make a difference and change lives. why not make money and change lives at the same time. >> social capitalism then. >> yes. >> let's talk about your ventures, i want to start with akon lighting africa. what has been achieved? >> we actually overachieved. we are behind a million households, we are in 14 countries. we started with creating solar energy for rural energy and house homes, now we are doing solar street lamps through the countries and incorporating it within each country. we are putting solar in the villages, and creating a system where we employ the locals to maintain it and keep everything with. >> you have to ac

but every once in a while in state capitals as well, like mine. i met one gentleman this morning who has a business in new jersey and told me that he was a beneficiary of some of the tax incentive and tax credit programs that we put into place. and he told me this morning it literally saved his company. and that they're now growing, and they're hiring, and that's the kind of partnership i'm talking about. a partnership that frees up your ideas and your hard work to be able to succeed through the initial challenging times to be able to grow and expand and that helps every person in new jersey, not only the ones who wind up working there, but also the broader community that benefits from that company's involvement in the community philanthropic activity, and the money that they provide in salary and benefits helps to strengthen the fabric of our state and its people by making them feel good when they come home at night from a good paying job that brings meaning to their lives. to be able to provide for their spouse and for their children. and to be

goes on most particularly in our nation's capital but every once in a while in state capitals as well lake -- like mine. i met a gentleman this morning that has a business in new jersey and was a beneficiary of some of the tax incentive and tax credit programs and it literally saved his company and terror growing and hiring and that is the kind of partnership i'm talking about. a partnership that frees up your ideas and your hard work to be able to succeed through the initial challenging times to be able to grow and expand and that helps every person in new jersey not only the ones who wind up working there but also the broader community that benefits from that company's involvement in the community and the money they provide in salary and benefits helps strengthen the fabric of our state and its people by making them feel good from a good paying job that brings meaning to their lives. to provide for their spouse and children. and to be able to be an active involved member of the community. all of this is interconnected. and there are times that i get frustrated about the fact that many leaders in gove

like to go to -- you know, to see the holy lands, see the gold mines in the west, and mary talks about how she'd like to go visit the capitals of europe. and then what should they do, should they move back to springfield or possibly go to chicago? and you know they really say they're going to look to the future and put aside the sorrows of the past. and let's go to the theater. and that night, you know, they get ready to go to the theater. and they take -- they invite a number of people. that they might want to take to the theater. many people turned them down. originally they were hoping that the grants would join them. they take a young couple. major rathbone and his fiance clara harris. they pick them up in the carriage that i'm standing in front of. and they go to ford's theater. and they arrive late to the play. they go up into the presidential box. the play itself had already begun. they stopped the play. and there's a rousing sort of applause for the president. and you can just sort of imagine. for lincoln, this was one of the happiest days of his life. and here he's finally sort of basking in the glory that he was ne

and sniping that goes on most particularly in our nation's capital but -- capitol but every once in a while in state capitols as well, like mine. i met one gentleman this morning who has a business in new jersey and told me that he was a beneficiary of some of the tax incentive and tax credit programs that we put into place and he told me that it literally saved his company and that they're now growing and they're hiring and that's the kind of partnership i'm talking about. a partnership that frees up your ideas and your hard work to be able to succeed through the initial challenging times, to be able to grow and expand and that helps every person in new jersey, not only the ones who wind up working there but also the broader community that benefits from that company's involvement in the community philanthropic activity, and the money that they provide in salary and benefits helps to strengthen the fabric of our state and its people. by making them feel good when they come home at night from a good-paying job that brings meaning to their lives. to be able to provide for their spouse and for their children. and to be able to, f

. >> large companies want to capitalize on strikes and eliminate the competition buying up businesses in all of the land surrounding successful claims. >> there was mining on in various sections of montana. he did have a claim where he was in competition with other people also setting up claims and a lot of the violence occurring around him. >> mr. bowles. >> welcome, gentlemen. what can i do for you? >> we would like to make you an offer. >> we want to buy your claim. >> no, thank you. no, thank you. good day. >> doesn't look like much is coming. >> there will be plenty just as soon as the water comes up. good day. >> it would be a shame if it didn't. >> wells fargo is already consolidating the stage for a new miningtown in idaho, utah and montana. rumors the company has plans to go into the mining business makes bowles suspicious. just days after he receives an offer for his claim, the water supply dries up. >> bowles is convinced it is no coincidence. >> what wells fargo did is divert the stream from which bowles was panning the gold to where he was forced to abandon his gold mine. >> for charles bowles the montana claim is most likely his chance for

was hoping to see a chart that would show both the capital and human capital people leaving the country. i get the sense that, mine, can you go back after talking like you just did i am wondering what is the reverse immigration especially of skilled people and when taking capital with them? >> we are aware of a significant skills outflow. you don't see that in official population statistics but it becomes clear when you look at the age structure of the middle class. there's obviously a big gap. looks like an hour glass. big gap in the middle. that hour glass image is reflected again in south africans that would be the children of middle class parents, who are not being born in the country any more. these are moving -- unless the middle class stop having children completely, those children are born overseas. i think we have seen that. the global financial crisis put the brakes on -- we warned it is a pattern that will resume if domestic policy in the country remains hostile. much of the middle class as the graphics indicate -- if racial national sent meant that attacks foreign migrants that see cecil rhodes statue

mine. >>> thousands of students in chile have been protesting against the government's education policies. they want education to be tree for everyone. in the capital of santiago police used water cannons and tear gas against the students. daniel schwimer reports >> reporter: the battle wasresumed for those calling for fundamental changes to the education system. santiago has seen similar clashes. >> translator: we demand that education is taken from the municipalities and come directly from the national government so that funding is done in a direct way. this means we ensure the funding at the start of the year to guarantee that public, free and quality education is also a reality. >> reporter: several dmron straighters were arrested and many injured after the police opened fire with tear gas and water cannons. student groups have been saying for years that the majority of people received poor quality education while the wealthy elites and their dhirn go to expensive, private schools. president michelle bachelet admitted earlier this week that education is one of the major issues they have not tackled adequately. she ordered a cabinet reshuffle. t

very little chance that south africa will track the domestic or foreign capital investment, a new green fields expansion in mining operations or agriculture and the like but as long as the rhetoric and now policy is starting to place the state in a position where it can seize property rights virtually athletes will. and delay the payment of compensation should be paid in the longer-term at all. >> thank you very much. over to the audience. please wait for the mic going to get to you and then if you would please state your name your paymaster this and just keep your question in the form of a question. first question here. >> doug brooks with international civilian operation. great presentation frans. i wonder if you can just address the issue of foreign workers in south africa a little bit and discuss how that has impact on the economy and are chasing about the impact the economy as well. >> absolutely, doug. if you follow the news of south africa people have seen in recent weeks attacks on black foreign workers out of africa. these are nothing new. we estimate that between 350-500 foreign workers have been killed

mines is the coming monsoon. the heavy rain is expected in six weeks' time. six weeks to get it to those who need help the most. >>> security is tighter than usual in syria's capital today. syrian officials say a suicide bomb are blew himself up today but according to victoria gatenby says, there is conflicting accounts of how many how much damage it costs. >> the military head of logistics. >> using a suicide attacker riding on a bike according the eyewitnesses it was followed by periodic flashes which could indicate that there could be another group of rebels that tried to take the general's life. >> reporter: the attack has been claimed by the nusra front which has changed tactics and now joining other groups in the fight against general bashar al-assad and his assets. waiting to secure damascus once the regime is toppled. in the north armed affection merged to capture idlib now they are focused on attacking the stronghold of president assad. activists say barrel bomb and chemical attacks have increased in syria. around 200 regime soldiers are said to have been sheltering in this hospital, after syrian rebels recaptured the city. and this was the result of anot

capitals. i gather from friends of mine in nepalese search and rescue there are reports of many many people buried in the house where is they had opened their shops underneath leaning buildings. many of those buildings have now collapsed on top of them. >> i think we are just beginning to take the toll there. thank you so much for your reporting this morning. at the very moment so many people were starting to kind of return to that normalcy. >> last thing they need. >>> another major story this morning. we're talking about the hefty penalty being levied against tom brady and the new england patriots for the deflategate scandal. peter alexander has their reaction to the punishment. >> reporter: talk about a big hit. this one could cost tom brady close to $2 million. it's a four-game suspension that says he will miss the beginning of the season. it's the same an athlete would get more getting caught using performance enhancing drugs. first the punishment now the pushback. late monday tom brady's agent teed off on the nfl over that four-game suspension saying the discipline is ridiculous and has no l

the mine will never give them prosperity health or the future for their grandchildren. >>> thousands are expected to return to the streets of the guatemala's capital to protest government corruption scandals are threatening to bring down the president. david mercer reports. >> reporter: this is the sound of people power in guatemala. young people with spray cans painting over logos with art. for this 24-year-old, it's a way for guatemalans to express their opposition to a corrupt and political system. >> the paintings are great. the politicians painted it first, and they shouldn't have. it's illegal. they get fined and would rather pay the fines and paint over this than not paint at all. >> reporter: in the run up to national elections leading parties painted roads, rocks and bridges with political symbols, against the law. now the citizens are fighting back. part of a movement sweeping through guatemala. two weeks ago thousands gathered to protest the national movement. it led many ministers to step down, and the president. back in guatemala, people say the art is a way of showing solidarity with protesters in the capital. >> translation: we are

mine will never give them prosperity, health and a future for this grandchildren. al jazeera peru. >> thousands of people are expected to return to the streets of guatemala's capitaln saturday to protest against government prescription. recent political candles are threatening to bring down the president. >> this is the sound of people power in guatemala. young people with spray cans and brushes in hand painting over political logos with art: it's a way for guatemalans to express their opposition to a corruption political system. >> we're painting the bridge because politicians painted it first. the politicians shouldn't have painted it. it's illegal to paint it. they would rather pay the fines rather than paint over them or not paint them at all. >> they paint over rocks and bridges with political symbols actions that are against the law. now citizens are fighting back, part of a movement that is sweeping guatemala. people gathered to protest government corruption. recent political scandals have rocked the country leading the vice president and several senior ministers to step down. calls for the president to resign continue. back in guatemala people say this art

mine. corporate news. a big fold and japanese stocks today. one stock in particular is toshiba down by almost 17%. caroline hyde has the latest. caroline: $2.8 billion profit a market capitalization a big move from toshiba. drilling to exactly why to a certain extent the earnings forecast. they had to arena back. you know to sheba for many brands. it makes television set laptops and printers and it is also a conglomerate and makes nuclear. it has been projects. this previous fiscal year of 2014 was down. it might have to reestimate what a made in 2013 and 2012. all of these may have to be revised. there are canceling their dividends. they are concerned about not only earnings but dividend and actually get a full picture of at least until june, next month when we got full disclosure of what to their earnings were. this is why. it is down to accounting pretty it could've gone slightly wrong. they're investigating improper calculating. it is an industrial company. they make nuclear power plans and wind turbines and hydroelectric and air traffic controls. these practice are difficult to made -- measure. big data. there could been improper underestimation. several projects could have

mine is not. i cut taxes, and when i was chairman of the budget committee, we had a $5 trillion surplus, we cut the capital spend on things that matter. >> do you consider yourself a compassionate conservative like george w. bush? >> i don't like titles. we need to lift everyone. i just did this with hillary, hillary can absolutely be beaten but they're not -- she will not be beaten unless somebody has a big message about lifting america and making america great again, with programs to do it. everyone should feel the opportunity in america, and there are many americans who say i'm not sure that american dream still exists. >> liz cheney came out today and said what we should ask the democrats, knowing what you know now, would you still have supported withdrawing the troops from iraq? it's a good question. >> knowing what you know now, would you have invaded iraq? >> no, i would never have gone in there. >> i was opposed to u.s. involvement in lebanon, it was a civil war. i was opposed to the war in bosnia not in favor of civil wars i supported the first gulf war. going into iraq makes no sense, it was not

collapsed buildings have happened as well as in that eastern nepal in the district capitals of totara, i gather from friends of mineho are nepali search and rescue, that there are reports of many, many people buried in the houses where they opened their shops underneath leaning buildings and many of those buildings have now collapsed on top of them. >> donatella, i mean, we are just beginning to take the toll there. thank you so much for your reporting this morning and as we mentioned it's the very moment so many people in nepal were starting to return to that normalcy. >> the last thing they need. no question about it. >>> another major story this morning. we are talking about the hefty penalty being leveled against tom brady and the new england patriots for the deflategate scandal. nbc's peter alexander is here with their reaction to the story. >> good morning. talk about a big hit. this could cost tom brady close to $2 million. brady will miss a quarter of the nfl's upcoming regular season and it's the same punishment that a player would get for being caught using performance-enhancing drugs and they will appeal

i believe in your love and mine for this great country, and i believe with the right leadership we can make it better again when it comes to our nation's capitalu why. certainly, the examples we see across the country in the states is a great testimony to how things have gotten better with common sense conservative leadership over the last few years in our state houses, but let me tell you one last thing about why i believe america will once again be great. that is because it's a part of the history. it's who we are. you see, as a -- [ applause ] as a kid growing up in that small town, i got to tell you, i -- maybe i was a little geeky but i loved history so much i thought of our founders like superheros, bigger than life. and so years ago, when i was young, we never had a chance to go to philadelphia, but years back when we got the chance to go to philadelphia for the first time, i got to tell you, i was all pumped up. i got up early in the morning, went out with the national park service, saw the liberty bell and independence hall. i thought, here it is, the place where they did that incredible work. i was ready to be blown away. early on th

mines, things where his own decisiveness can make a difference. but he hasn't fundamentally changed the way india operates, the way its land, labor and capital marketsy he thinks. rishaad: thanks for joining us. later, a special show to review the hits and misses of the past year. singapore time, coming out of mumbai. china says it wants to raise transparency in the military. we can follow the ministry of defense on we chow weibo. toflight plans will continue be based on international law and china should not bully a smaller country. manila is pursuing arbitration to resolve territorial disputes. fly,ying the routes we based on international law, insurance agreements. we will still exercise our rights over our exclusive zones. to be clear, we will defend our rights. >> british prime minister david cameron started his campaign to reform the european union. week oflks launch a negotiations. he wants changes ahead of the u.k. referendum on the eu expected sometime next year. struck a struck -- town in mexico, killing 13 and damaging homes. cars and trucks flipped over, load onto buildings by the force of the storm. it lasted only a few minutes. the may

capital spending, the estimate had been for its fall 2.2%. the central bank still has work to do in terms of pushing investment and growth outside the mining industrylearly has two grain traction. one of the key movers today, as is the south korean won. if we look at its currently, it is rising -- the dollar is rising. the one is decreasing. we saw the korea international trade association cannot with numbers that exporters cannot maintain competitiveness when you have the yen weakening and the euro weakening. they have the bank of korea governor saying exports are a problem as well. looking at yen, on the downward trajectory once again. the dollar rising, the yen weakening near the lowest in a decade. japanese equities are up. we are seeing the dollar in command here. janet yellen said she is foreseeing rate increases this year. yen has been the biggest hit when it comes to the dollar rising. yen retrenching just a significant difference in central-bank policy. let's take a look at other stories. jpmorgan chief executive has branded shareholders lazy for casting votes in annual meeting space on the advice of property -- property advisors. the boar

and sniping that goes on most particularly in our nation's capital but -- capitol but every once in a while in state capitols as well, like mine. i met one gentleman this morning who has a business in new jersey and told me that he was a beneficiary of some of the tax incentive and tax credit programs that we put into place and he told me that it literally saved his company and that they're now growing and they're hiring and that's the kind of partnership i'm talking about. a partnership that frees up your ideas and your hard work to be able to succeed through the initial challenging times to be able to grow and expand and that helps every person in new jersey, not only the ones who wind up working there but also the broader community that benefits from that company's involvement in the community philanthropic activity, and the money that they provide in salary and benefits helps to strengthen the fabric of our state and its people. by making them feel good when they come home at night from a good-paying job that brings meaning to their lives. to be able to provide for their spouse and for their children. and to be able to, fo

has been addicted to oil and gas and mining for a long time and even after 2008 and 2009 that trend is coming to an end and there was almost a complete lack of capital for bio technology. now because of the enormous inflows into the u.s. there's a material valuation gap between u.k. companies and even european companies so i think we have been a beneficiary of that in the sense that we have been lagging in terms of our access to capital. >> you're no stranger in this space because you're a citi trader. what do you make of the valuations in the u.s.? >> i think bio tech is hard to understand but there's a lot of technology break throughs going on. such as in our industry getting an rna molecule cell had pretty ground breaking break throughs in the last couple of years. oncology has changed entirely. the survival rates in blood cancers so there has been a genuine technology break through. >> this is a great time to be in the biotech space given the amount of deals. are you looking to sell your company to a larger company. >> no, not particularly. i'm looking to make meaningful drugs which have meaningful impacts. that's maybe the best way to put it. >

capital i.q. up 225%. not a bad performance. shares trading after hours on the news up almost 4%. >> the food's good by the way. very good. very popular. pals of minere oncern pals of mine go all the time, they line up. they've got a good product. one point, retail sales excludeing gasoline up almost 4%. >> on the year? >> yeah. 12 months. it it ain't the greatest but it ain't the worst either. >> this goes back we were talking about corporate tax reform and corporate profits. looking at the budget numbers, another way to gauge how strong companies are doing if you will the corporate tax receipts larry, 16% on the year. >> their profitable. >> that's pretty good. >> they ship a lot offshore. what happens on shore is a good number until recently. a high number it's just flattened out. yeah paying taxes. corporations pay their fair share. 1% pays its fair share. you know what? if you lower the corporate tax rate the wage earning would be the biggest beneficiary. but i agree, the economy -- we're not going into recession. stop that don't even think about that. >> let me break in right there. cisco results hitting the tape now straight out to josh lipt