haslinda: history?y will be an advantage so sometimes we look at heritage buildings that have a strong culture, and a strong story the hind it. something very attractive to us. rosewood london was open in a building that was built in the 1920's and it has a beautiful courtyard, has a very strong history. it all fits. we also look at exotic resort locations. we wanted to explore locations in terms of resorts that are untapped as well as the ones that are very popular as well. so, it depends on the location, and the vision of the owner, whether we are aligned, and the program as well. haslinda: you have a very strong and experienced management team. was it difficult putting that team in place? you have people with 30 years experience in the industry. sonia: it was definitely not easy. i remember when i just started, this company was about eight years ago. and, eight years ago, i was 28. 28, 29. i was supposed to run this company. i was supposed to create this brand and create this wonderful portfolio and

haslinda: history?ia: history will be an advantage so sometimes we look at heritage buildings that have a strong culture and a strong story behind it. rosewood london was open in a building that was built in the 1920's and it has a beautiful courtyard, a strong history. it all fits. we also look at exotic resort locations. we wanted to explore locations in terms of resorts that are untapped as well as the ones that are very popular as well. so it depends on the location and the vision of the owner, whether we are aligned, and the program as well. haslinda: you have a very strong and experienced management team. was this difficult putting that team in place? you have people with 30 years experience in the industry. sonia: it was definitely not easy. , remember when i just started this company was about eight years ago. , 28, years ago i was 28 29. i was supposed to run this company. i was supposed to create this brand and create this wonderful portfolio and have the vision. and at that time, i did not kn

haslinda: history?y will be an advantage so sometimes we look at heritage buildings that have a strong culture, and a strong story the hind it. something very attractive to us. rosewood london was open in a building that was built in the 1920's and it has a beautiful courtyard, has a very strong history. it all fits. we also look at exotic resort locations. ed to explore locations in terms of resorts that are untapped as well as the ones that are very popular as well. so, it depends on the location and the vision of the owner, , whether we are aligned, and the program as well. haslinda: you have a very strong and experienced management team. was it difficult putting that team in place? you have people with 30 years experience in the industry. sonia: it was definitely not easy. i remember when i just started, this company was about eight years ago. was 28.ht years ago, i 28, 29. i was supposed to run this company. i was supposed to create this brand and create this wonderful portfolio and have the vision

downward revise haslinda:.murdoch is to succeed roger ailes as head of the foxnews channel, the most-watched news network in the u.s. the founder of the fox empire is taking on the role to ensure continuity in the wake of the resignation of ales following accusations of sexual harassment. the company's cable network led by the news channel accounted for more than two thirds of operating income at 21st century fox last year. strategists are forecasting the yen will post its first annual gain since 2011 and are standing their ground in the face of a rout driven by speculation that the bank of japan will conduct record stimulus. the currency climbed the most in almost a month yesterday after the bbc broadcast an interview with governor kuroda recorded last month in which he ruled out such a policy. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg at top . i am haslinda amin. this is bloomberg. anna: let's take a

has haslinda amin is with us. haslinda: let's check in on stock movers. and rolls-royce.ing market currencies rose the most in two weeks after the federal reserve left interest rates on hold and signaled it is in no rush to raise them. the msci -- haslinda, it is going to be one of those days. i'm going to interrupt you. let's talk about emerging markets stocks. they are hitting the highest level we've seen since august of last year. can it last or is risk aversion going to take hold? one man can tell us a thing or two, mark mobius. always great to have you with us. it seems to be, mark, that federal reserve is crawling towards a hike. emerging markets have a window of reprieve. will it continue? mark: i think it will. if they do raise rates, it is going to be by a very small amount. world arearound the searching for some kind of return. the place to get it now, first of all, is emerging market bonds, which are paying a much higher rate. a lot of that money is leaking into the equity markets, which is why emerging markets have outperformed in developed countries and the u

haslinda: yes. people were named. people mentioned in particular, the stepson of the malaysian prime minister. he partly owns the production company in hollywood, red producedictures, which "wolf of wall street." this morning, it said the funding from four years ago was not legitimate, -- was not illegitimate, and the lawsuit will not impact its operations. a malaysian financier was mentioned, including several officials in abu dhabi. rishaad: the swiss banks have been seeking help from the u.s. on investigations. to what extent are these institutions involved in this? haslinda: more than initially thought. bsi,ow about swiss bank its operations in singapore are shut down. u.s. prosecutors have highlighted other banks they believe are linked to the one mdb scandal. are seen as conduits. swiss prosecutors are seeking help from their u.s. counterparts to gather information. b is under multiple probes. singapore,il goes to switzerland, hong kong, abu dhabi, the u.s. it remains under investigation by police although a com

here is haslinda amin.g says they expect a 2.1 billion dollar cost for the second quarter. the biggest loss is related to the dreamliner, the carbon fiber jet. they also reported hits from the jumbo and a refueling tanker. sachs set to raise money for its first private equity fund since the financial crisis. they may gather up to $8 billion. the fund -- and the firm will contribute a small amount of capital. is officially available in the country where it all begun. after becoming a viral phenomenon, that have can be downloaded in japan, the country that gave earth to the pokÉmon franchise. shares trading higher. market cap has doubled in two weeks. starbucks has third quarter revenue that missed expectations. shoporld's largest coffee chain says same-store sales in the americas climbed 4%, down from 7% in the previous quarter. program of the rewards may have left some customers confused. that is your business flash. forecasting the yen will host its first gain in five years. the strength has but the bank o

haslinda, thank you so much.up, we will bring you the latest developments on the attack in nice with local reaction. this is "bloomberg." ♪ ♪ angie: the top stories trending this hour, the french president has extended a state of emergency for three more months and will do employ a next her 10,000 security forces after the attack in nice. the truck was driven into the crowd celebrating the best deal day holiday -- bastille day holiday. francois landes says all of -- francois hollande says all of france is under threat of terrorism. in the second quarter, but makers stepped up -- bond makers stepped up policy board. after june6.7% retail eight estimates. -- b testaments. it raises questions about scalability. and finally, surging over 50% at its highest intraday, that is japan's trading to view, confidence. the messaging app raised 1.3 billion dollars after pricing and offering at the highest. it has two thirds of its stock in the u.s. and one third across asia. juliette with to a look at what else is moving the m

here is haslinda. -- haslinda: hillary clinton will not face charges over the use of her e-mail even though the fbi described her actions as callous. president obama says he believes in her and she deserves to be in the white house. republicans -- he also said republicans have nothing to offer. the u.k.'s long-awaited report into conflict that divided the country and led to the down fall of tony blair. the report has taken seven years to come to publication. it subsequent filing collapse. prime minister malcolm turnbull has edged a little closer to victory and the growing concern that the weekend's indecisive election could hit the country's top credit rating. agenciesds sank as warn aaa ratings could be at risk unless the budget deficit could be reined in. it is not clear whether the coalition will claim a majority. global news 24 hours a day powered by more than 2600 journalists in more than 120 countries. this is bloomberg. the resources bureau looking to raise a glass, raise one more than -- raise more than $1 billion that will pave the way for anheuser-busch's record miller.r of

haslinda: that is true. more recently in china and the south china sea.d to come together to stop china's expansion there. beijing pitted this against asean members. it has to withdraw a start statement on writing tensions in the south china sea and the need to respect international volume. you have got to remember, asean based on consensus, a members have to agree. no matter how you look at it, a blessing also a setback. yvonne: an brexit could be a reality check as well. thank you so much. let's take a look at what we are following on bloomberg this morning. reporter: one of china's largest property developers is trading later for the first time this year. this was halted in december as the two biggest channels in sports control. anday, the bank rejected request from the largest founding group for this meeting. the new ceo of rio tinto will focus on steering the company through the main -- mining industry downturn. new fields are not part of the agenda, and he will develop existing projects. rio is battling the slowdown in china, which is trying to set

haslinda: call it a one-two punch. first the u.s.ustice department filing soon after singapore with its own soundings on the investigation, and it says it is not done yet. you talked about ubs, dbs. also the standard chartered and felt in bank. they were singled out. the list could be longer. some of the financial institutions are being investigated as well. they referred to as certain other financial institutions. mes says certain lapses were , in do delays and reporting transactions. mes receives more than $100 million in assets linked to one mdb. they also revoked the license of swiss bank bsi. it breached money-laundering rules. we continue to see this widened across the globe. what did singapore have to say about these one mdb investigations? how complicated has it been? haslinda: it is a complex web of ,oney transfers and ostensibly disguising the nature of fund flows. we are talking about multiple entities, individuals operating in several jurisdictions. many international banks have been formed. allegations that billions of d

haslinda: the short answer is, yes. two people mentioned in the complaint, the stepson of the malaysian prime minister partly owns production company red granite pictures, which backed "wolf of wall street." funding for years ago was not illegitimate and they did nothing wrong. and that the lawsuits will not impact operations. a malaysian financier was mentioned along with two officials in abu dhabi. are seeking banks help from the u.s. on investigations. to what extent are swiss banks involved? haslinda: wider than we initially thought. bsi wasswiss bank involved. it's singapore operations are shut down because of that. u.s. prosecutors have identified other banks they believe are , includingmdb rothschild bank. seeking helptor from their u.s. counterparts to gather information. we know 1mdb, the money trail takes us from singapore to switzerland, abu dhabi to the u.s. it continues. the probe continues. you.: thank to repeat, the monetary authority in singapore seized 240 million singapore dollars in belation to the 1m

has haslinda amin has more. this sounds like an ambitious project.nda: hugely ambitious. $4 billion. the casino is called okata manila. he owns almost 70% of the company of universal entertainment. his massive investment shows his confidence in the philippine gaming market. this project could be a precut of just the first one. he is exploring other such projects and other parts of the philippines. if you are wondering what you can expect from okata manila, 500 handling tables, 100 meter water fountain, and an indoor beach. the plan is to take gamblers from a cow. he is targeting chinese, japanese, koreans. foreigners will account for 30% of the clientele. that should get to 50% after a year. angie: the question is, when to recover his investments and how soon is that going to happen? haslinda: he is looking at about two years. that is what okata's philippines partner says. it will be challenging. angie: we will leave it there. thank you so much for that. we are looking forward to the opening of business in tokyo, where we are seeing the snapping of a

haslinda: well, call it defiance, college provocative.na is turning a deaf ear to the complaints from vietnam, conducting exercises just days before the hague. the naval drills will be around the islands, set to involve about 100,000 square kilometers, an area that is controlled by china, but claimed by vietnam as well. this is where you will find woody island, where china is said to have about 1000 personnel, also surface-to-air missile systems. as you can imagine, tensions are rising. vietnam is insisting that china stops the exercises, that it should stop threatening regional securities. it also says china is infringing its sovereignty it again,but china is clearly not listening. in fact, it issued its own warning, saying that no other ships will be allowed in the area while the drills are running. here we go again. yvonne: this cat and mouse game just continuing. is the south china sea becoming a flash point? haslinda: the risk is there, if tensions escalate even more. there could be global consequences. there were competing claims of

haslinda: yeah.fiance, conducting a naval it's believede -- to be more than 100,000 square kilometers, an area controlled by china but claimed by vietnam as well. this is also home to woody island, where china is said to have about a thousand personnel and missile systems. understandably, tensions are rising, vietnam insisting it be exercised if china is infringing its sovereignty yet again and that it should stop threatening regional security. but china is clearly not taking heed. it has had no other ships will be allowed in the area while the drills are happening, so here we are again, and beijing upping the ante. the south china sea is fast becoming a flash point here. haslinda: well, the risk is there. if tensions escalate even more in disputed waters, there could be global consequences. there have been competing claims in the south china sea for centuries, but it is only in recent years that tensions have been rising. the situation is made a bit more complicated with the involvement of the u.s.

haslinda: it has been hardened it is likely to be heart even more.rexit does complicated things for singapore. to the pressure it is feeling. growth has been slowing. consumer prices have been falling from more than a year and a half. exports forecast a drop for the whole year. it looked gloomy enough back in april. we are talking zero appreciation, something it has not done outside a recession. amongore expected to be the hardest hit in asia by brexit. yvonne: thank you so much. at how markets are trading in the asia-pacific as we wrap up the trading week. looks like we will see a weekly decline. he much flat in sydney. we are seeing that oil -- overnight, it was down to 4.8%. so we are far from paring those losses. in seoul, we are seeing stocks are looking like this. pretty much flat. get ready for the rio olympic games by switching to xfinity x1. show me gymnastics. x1 lets you search by sport, watch nbc's highlights and catch every live event on your tv with nbc sports live extra. i'm getting ready. are you? x1 will change the way you experience

here is haslinda. haslinda: the latest headlines.made lower the shareholder for -- shares for shareholder approval on london stock acquisitions. a decision will be reached on monday after they examine a type -- technical issue. shareholders approved the merger last week, in a near unanimous vote. north korea test fired a missile on saturday, just one day after south korea and the u.s. agreed to deploy an antimissile system in the korean peninsula by the end of the year. north korea has described new u.s. tensions targeting kim jong-un as a declaration of war. the missile was launched off of the east coast of north korea, says they are still early in the fight. claimed- andy murray the wimbledon tile. -- title. he is the first englishman since 1935 to win the title more than once. court crowd that the numbers make the win even more special. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 companies -- countries. i'm haslinda amin. yvonne: boeing and airbus may both be set to win multibill

let us get the first word news with haslinda amin.linda: barack obama says america must reject the message of fear and division being delivered by donald trump, and philadelphia, saying that clinton has the vision and discipline to move u.s. forward. president obama: even in the midst of crisis, she listens to people and she keeps her cool. and he treats everybody with respect. and no matter how daunting the odds, no matter how much people tried to knock her down, she never ever quits. angela merkel is breaking up her vacation to defend herself against renewed criticism on the refugee policy, following a rash of violent attacks in germany. the german chancellor, who it planned to remain out of public viewing during the summer break, will answer questions this afternoon for the first time assaults left 13 dead. three of the assaults were committed by a asylum seekers. u.k. consumer confidence plummeting to the lowest level in three years, and more households believe they will be worse off as result of the brexit referendum results. a s

checking in on the first word --dlines, here is has linda haslinda. haslinda: g-20 ministers have warned there could be a decline of 15% for investors this year. pledgedepresentatives to improve international trade and urge other members to do likewise. a convincings won victory in the upper house elections. the liberal democratic party had 53 of the 121 seats on its coalition while its partner had 13. e will be able to piece together the two thirds majority needed. he says the economy remains top priority. stocks looked at more gains after prime minister malcolm turnbull finally claimed election victory more than a week after the polls closed. postal votes are still being counted and it is not clear if his coalition has enough seats to form a majority government. line has set its ipo pricing at the top of the range. shares will be offered a 3300 and -- yen. that would see japan's most popular instant messaging service raise more than 1.3 billion dollars. global news 24 hours a day powered by more than 2600 journalists in more than 120 countries. this

guy: thank you very much indeed, haslinda amin talking about singapore. t happy.hiladelphia fed president patrick carter says the u.s. economy shouldn't sustain much damage from the brexit vote. he will not vote on policy until 2017. also said that more than one rate hike might be warranted this year. >> i believe inflation will return to target sometime next year. considering economic projections, it may be appropriate for up to two additional rate hikes this year by that we will approach 3% the end of 2018. guy: julian, a, he's got no vote, and b, i suspect he's got very little credibility if he's talking about two hikes. julian: the market is looking for one hike probably. december has been talked about. i think janet yellen is going to be very cautious. she will want to see what the effect on the global economy is of the brexit vote and how that is not going to factor into europe and consequently i suspect they will err on the cautious side. caroline: julian, you are saying the market is potentially factoring in a one-time hike. looking at the world interest r

. ♪ ♪ haslinda: hello and welcome to "high flyers."egree view of asia's business elite. today we meet a man who has links to enormous but very different industries. his father founded indonesia's oil and gas conglomerate citramas group, but he chose to explore his passion for film. let's meet infinite studios' mike wiluan. in cinema, there is hollywood and bollywood.

haslinda: he is looking at about two years. is what his partner is saying.xpected gravity come in. there will be stiff competition. oh caught him in a level be the third entertainment resort in the city. it will be competing with city of dreams and philippine's richest man. also, soler, and yet another opening inject 2020. talk about betting big on the casinos in minot. rishaad: we hear his opinion on the global price against terror. ♪ rishaad: a quick check on headlines. microsoft gaining in the extended session. we have profits ahead of estimates. it is down to cloud computing revenue. $26.2 billion. it is doubling its earning. the chief executive has been changing over to cloud and productivity services as traditional software sales shrink. right spot as the company struggles with the strength of the yen. the three largest carriers are poised to report the largest profit in a decade. they have a combined operating income of $8 billion in july. softbank benefiting after they were told by the government to cut. the noble group is set to quit power and natur

. ♪ haslinda: hello and welcome to "high flyers."ou a 360 degree view of business elites. today, we are joined today by one of the world's leading chefs. after opening top restaurants in europe, he moved to the u.s., becoming personal chef

. ♪ haslinda amin: hello and welcome to "high flyers." 360 degree view of asia's business elite. he caters to the middle east and asia.

angie: haslinda: is that the same balance of risk and opportunity with the political situation in thee not seen much market reaction to the upcoming u.s. presidential election. on the one hand, you can say it is logical, because it is a very choice. on one hand, you have a highly controversial billionaire with legal problems around him, and on the other hand a highly controversial multimillionaire with legal problems around her.you can see how existential this is . clearly, there is a very big fiscal rich -- risk, which is not priced and by the markets yet, but as we get closer we will start to see volatility. angie: that is almost an outside point of view. said yesterday that a lot of clients with more than $1 million in assets are really split, even politically. they are not necessarily looking at the economic fallout or outcome, but just what they feel in their heart. >> i can understand what he is saying that. at the moment, it is unclear who is exactly offering what platform. we have seen a stark divide between what looks like continuity from clinton, and potentially very very ra

." ♪ ♪ haslinda: hello and welcome to "highfliers."a 360 degree view of asia's business elite. we made one of asia's youngest and most prominent hotel ears. -- hoteliers. this millennial is leading a billion-dollar brand. she is helping to expand its presence east we

haslinda: there is a concern it is.l be global consequences should or when that happens. countries have fought for territory in the south china sea for centuries. what is new is increasing tension. china has been conducting naval patrols. it has been building islands and runways in the south china sea. some say it has become a game of chess somewhat and that is because the countries rivaling china are backed by the u.s. the u.s. says their interest in the area is to protect the area as u.s. trade comes to the water may. you can only hope that cool heads will prevail. yvonne: thank you so much. a lot on that international court ruling coming out from the hague. heidi: three former barclays traders have been convicted, but the jury could not reach a verdict on two others. four years ago, barclays but a 385 million pound fine for its role in the scandal. that led to an overhaul of the banking industry. ceo bogdanovich lost his job. supply outweighs -- taking second quarter jane's close to 7%. they fell almost 16% last mont