turn around job at cathay pacific.cathay pacific. in recent years it has been selling tickets below cost to keep its planes full. so, now mr hogg is going to under go a huge revamp at cathay pacific and hundreds ofjobs are expected to go by the end of the year. thank you very much. 0ptimism about china's economy helped keep the asian markets moving higher. it also gave commodity prices a boost. the dollar hovered near its lowest level for several months with investors betting that any further interest rate rises in the us would come slowly. the us currency was still smarting after the collapse of the republicans' push to overhaul healthcare dealt a blow to president donald trump's ability to pass promised tax cuts and infrastructure spending. the main european markets have opened the day higher. down slightly in london. household goods giant reckitt benckiser has confirmed a $4.2 billion deal to sell food brands including french's mustard and frank's hot sauces to us group, mccormick. shares in reckitt, the ftse100 lis

cathay pacific falling according thehe ceo, anz reflecting australian banking space and most analysts think there will be enough time to get the capital in line by 2020, the deadline there. have a look at this chart that shows you the dividend yield on the shanghai composite is on the rise, getting close to the topics dividend yield, about 1.9 there. it shows if you can withstand the roller coaster ride that is the chinese market, you can get just as good a return right now as you can from japanese equities which are always considered a little bit safer. on thethe u.s. is back offensive over china, saying it's time to rebalance trade and level the playing field. calling for investors and exporters to compete on equal footing. anna: the two sides will hold talks in washington today amid rising tensions. next the trade surplus has created some money supply excesses in china. a problem thatt one side wants to deal with. this is a problem that both sides would like to deal with. therefore it is time to rebalance our trade and investment relationship in a more fair and equitable and recipr

cathay pacific says the environment challenging the first half, dashing hopes of recovery.al loss in eight years. they talked about hogg's appointment is disappointing. shares rallied more than 20% thay cutr as cafe -- ca many jobs. martin, a $5.5 million. down payment full-year earnings are15 cents higher. lockheed reported second-quarter profits that the analyst estimates. plenty more still to come. asia's first major market open moments away. yvonne: let's get the latest with sophie kamaruddin who is watching the latest opens. could drivethings the asian trading day, looking to be mixed-down day in europe. day onhave an inspiring wall street. helped -- traders may take note of signals that soft inflation contagion could be undermining central bankers, given the week's cpi out of that united kingdom. nomura and other brokerages face scrutiny over how to comply with rules. nomura said a branch manager mishandled information. bhp delivered a similar message this morning, its fourth-quarter output came in weaker than forecast, putting 2017 at the bottom end. australia's big

rishaad: cathay pacific had its first full-year loss last year since 2008.take full ownership of a cargo joint venture called air hong kong. friday,in a filing on 60% of that era hong kong. it will be buying the remaining 40% from its partner in that joint venture, which is a freight forwarder of dhl and turn it into a fully owned subsidiary. the share price has had a good year, 20% up after a torrid time of it reporting that full-year loss. right, what we have got coming up, looking and trying to find out why the indian rupee has been seen as the most recent emerging market currency. we break down the latest em survey. that is next. this is bloomberg. ♪ here in hong kong as we start the trading day in a matter of seconds. well, taking a look at what we machine orders out of japan, big disappointment there, 3.6% down month on month, a decline of .6% year on year, way below estimates. janet yellen semiannual ,estimony to congress this week looking for guidance on what will happen with u.s. interest rates, and loads of data releases from the fed. we are lookin

pacific has warned of a challenging year ahead of the airline. passenger numbers for the first half of the year dipped slightly which was described as disappointing, cathay reported the first annual lasted eight years in 2016. there was better news for the low cost airline with air reported a 16% rise in profits for the three months to the end of june to over 60 million euros. passengers rose by more than a quarter to 7.2 million and they're being cautious with the outlook for the rest of the year. catherine: finally, then, a story about property investment, very popular place to put your money, isn't it? people in canada are looking south for places to stash their cash. stephen: canadiens more than doubled their spending in property in the united states last year to $19 billion according to a survey of state agents by the national association of realtors. the most popular destination was florida, the association economists saying many buyers were driven into the u.s. market by rising property prices in vancouver and toronto. overall there was a rise of almost a 1/3 in property purchases in the united states last year worth around $153 billion. catherine