does finish up his term, so that will be a key question later in the year, but again, graham wheeler at that time. coming up, upstarts take a bite out of apple sales in china. we will find why it is losing ground in the world's biggest smartphone market. this is bloomberg. ♪ >> this is "bloomberg daybreak: asia" i am yvonne man in hong kong. >> i am betty liu in new york. coming up, what are you watching? rishaad: kicking off things with a look at capital flight out of china. ,x reserves coming through taking a look at how the pboc and the central government are dealing with that. , seeing the data amount of fx reserves coming down. also tradethat, data, philippine inflation data, and also this mood music changing, and one guest suggests that after two weeks after the inauguration, the honeymoon is over with. also, goldman sachs adjusting euphoria has gone away and there it economist are concerned about what is going on in the u.s. singapore trying to woo the world's biggest ipo coming online in a couple of years, aramco. they are trying to get aramco to list in singapore. we will lo

rbnz governor graham wheeler says he's stepping down in september.said it was always his intention to serve one term. grant spencer will take over in an acting capacity until march next year. the ecb president has criticized the trump administration for moving to dismantle the dodd frank act, saying rolling back financial rules would be worrisome. speaking to the european parliament, mario draghi hit back at the administration's claims that germany is taking advantage of the undervalued euro. central bank has not intervened in the foreign andency markets since 2011, did so then as part of the g-seven intervention to stabilize the yen following japan's earthquake and tsunami. this was done in cooperation with u.s. authorities. haidi: tata sons chairman cyrus mistry has been ousted from the board. ae charity trust called meeting to vote him out. he continues to fight his removal in court and warned directors the group may face $18 billion in write-downs from five unprofitable business. qatar petroleum expanding energy investments. the ceo told bloomber

graham wheeler graham wheeler e is stepping down in september when his term and.has always intended to serve only one term. the deputy will take over and an acting capacity until march next year. that gives the next government time to make a permanent appointment following elections on september 23. the fight for toshiba's chip business is heating up. korea economic daily says, they have offered $2.6 billion for the unit. them asei news named possible bidders. the wall street journal says foxconn may also be bidding. toshiba needs funds to cover a multibillion dollar. they see operating losses extending into the first half of 2018. ceo made the forecast, despite expecting great rates to do -- discover as much as the industry's overcapacity. the merchant says, it is in the early stage of talks to invest in a container terminal in southeast asia. mobile news 24 hours a day powered by more than 2600 journalists and analysts in more than 100 20 countries. you are watching bloomberg. let's get a check of the markets. asian rally as crew falls back below 50 bucks a barr

thernor graham wheeler says international outlook remains uncertain, restricting the central banks options is growing at a pace of more than 3%, and that is fueling price pressures. >> headline inflation has returned to the target band and is expected to return to the mid-point of the band gradually. longer-term inflation expectations remain well .nchored at around 2% monetary policy will remain accommodative for a considerable time. numerous uncertainties remain, particularly with the international outlook and policy may need to adjust accordingly. tidi: shares in akata down after reports the airplane backer -- airplane -- airbag maker will have charges of $1 billion this year. akata has forecast an after-tax profit of $175 million, but this could lead that being revised down to a loss. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. rishaad: well, indeed, you are watching "bloomberg markets: asia". japan shutting out the morning session. here's david ingles. david: ending the morning building up some momentum, d