haslinda: history?y will be an advantage so sometimes we look at heritage buildings that have a strong culture, and a strong story behind 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 ha

haslinda: sold. up next, -- arun: i always say to my people, just imagine it. ♪ haslinda: cellframe has been so successful. but you did not want to stop there. you diversified into agriculture, commodities and real estate. what's the thinking behind that? arun: i have a fantastic network of partners. they are the ones that tilt me -- that built me into who i am today. he comes from a mining background. he calls me up and says where -- why are you not you looking at mining? we put the money back in. we just keep in the bank, that doesn't make any sense. in 2008, the world was running away from the market. we thought that things were available at such a good price. basically, they were giving it away for free. we started to enter into this business. i rely on my partners substantially. that was a perfect time to start diversifying. i always wanted to do that. i am in the business of making money. haslinda: is it about hiring the smartest people in the industry? arun: absolutely. now we have professiona

haslinda: blame it on the stars.istopher: and so, when he had to move back, my mother was adamant on moving with him to lebanon. when she ended up in lebanon, it was in the middle of the civil war. bombs were going off. it was not the safest place to be at the time. my father asked her -- are you sure you want to move here? and she said yes. this is one of the lessons my father taught me in business. don't just get a yes. a yes is easy to get. it must be a meaningful yes. what did he mean by that? he felt she might have put herself under pressure to make it work and he wanted to remove the pressure from her. he told her to go back to the states. go back to your own environment for one month and if you still feel a you can accept this change to move to lebanon, then you will move back and we will get married. he sent her some money. because to make it to lebanon, you have to go through four airports and you might miss a flight. and you might have to spend three or four nights in a hotel, and who knows about availabili

haslinda: short answer, no. in fact, noble shares have extended declines because of liquidity concerns, debt burden, asset sales. i want to show you this chart. noble shares have spiraled down almost 60% this year alone. at one point, reaching the lowest level since 2003, but if you look at what analysts are saying come all six have a buy or hold rating on the company. on track tot is reposition itself as an asset-light company with high returning businesses, even though it has been a tumultuous 18 months. as the company sells parts of its business and sells others, it shrunk from eight $10 billion company to $1.5 billion. yvonne: haslinda amin live from singapore. thank you so much. a closer look at markets, almost green across the board. >> it seems that risk is on the table despite caution to be expected given that it is boj week, fed week, and other central banks around this part of the world set to release their monetary policy decisions as well. there is a sense, at least when it comes to the fed, that we

haslinda: what if trump wins?n: it's very difficult to figure out, because you don't know what he stands for. if hillary wins, hillary clinton, which i still think she will, although i think it will be tighter than people thought -- hillary has moved to the left in order to counter the support and popularity of bernie sanders, particularly to get the nomination. the question is, will hillary move back to the center, rather like her husband did in his administration, and be more center or centerleft than she appears to be? so, the answer to your question is the uncertainties are going to be very significant. and i would think if trump is elected, there will be some rocky times for the dollar. at the economic club of new york, he said he would lower corporate taxation from 35% to 15%. he said economic growth would be 3.5%. he said he went -- he went as far as saying he thinks it would be more than that. so, everything will be terrific, right? so, if you believe that, maybe in the medium to longer term it will be bet

haslinda: have you found anything unexpected?people tend to assign humanlike qualities to the car to understand this technology. they say things like the car is driving like my mother. we take that as a compliment. they called their car harry and they were cheering it on as it did sophisticated new verse. so i think it's a way to understand this technology and bring it down to a human level. haslinda: when you have a human there, you can deal with emergencies. when you have a driverless car, what happens? guest: methods of interacting with the system -- you just tell the driver of that i do stop at the hospital and go back home because i forgot my cell phone. we need to build in elements to the interface so customers can touch buttons or speak a command and reroute the car or declare an emergency or any other contingency that might come up. haslinda guest:: when can we expect a rollout? we are targeting 2018. we plan to start in singapore and then spread throughout the region and throughout the world. haslinda: you are competing

haslinda: adding about 200 people. have added over 200 bankers globally, probably more than half here in asia. and this comes with a lot of support function product people, especially support staff, so probably more than 200 people here in asia. haslinda: adding 200 last year, 200 this year, that is no growth net. are you adding more? boris: we are adding more people in the integrated operation, so our headcount in the euro area is probably up 700 people, so we're kind of also refinancing our growth by cutting overcapacity. haslinda: part of the expansion also involves doing that, intending to do more, does it make sense? boris: i think if you look at the market cycles now, we are probably in a period of time or acquisitions have cooled off a little bit. i do not exclude that there could be some opportunities down the road, but we have kind of organic that back into growth. we see a lot of bankers looking for a new home. i think if you look at the financial services sector in general, a lot of companies are under press

haslinda: that's right.itsl needs to prop finances, even though it is on track to raise $2 billion by cutting jobs, selling shares and assets. it is holding back cash on businesses which are profitable. a strategic partner? possible. according to the founder of noble, it has to be at the right time and it has to be the right candidate. it has been difficult for the company, losing 90% of its market value. its largest investment grade rating has been weighed down by debt and slumping commodity prices. the worst isn't over. some say the biggest challenge may come between april and may next year, when noble has to refinance millions and credit lines. of q2.creased at the end time thatle says with number will fall and profit will return. we shall see. the commodity side of things has recovered somewhat this year, but i don't think it has been reflected when it comes to noble shares. haslinda: the short answer is no. noble shares have extended declines because of liquidity concerns, debt burden, and progress and

haslinda amin in singapore. let's get to the first word news.aders have pledged to use all measures to boost growth while avoiding competitive currency devaluations. they said members are determined to use all forms of fiscal and structural reforms. they highlighted increasing threat of protectionism and an accompanying backlash against trade. >> the meeting took place against a landscape of a growth too has been too low for long and for too few. there must be more growth, and growth must be more inclusive. : shinzo abe has reiterated a call for clarity over the u.k.'s plan to leave the eu. he told theresa may that investment in the u.k. is likely dependent on their access to the single market. abe was not the only one to demand more clarity. president obama reiterated that he thinks brexit was a mistake. barack obama said it is in everyone's interest to have better coordination on tax policies to avoid issues like apple's dispute with the european commission. tax avoidance was among the issues discussed at the g-20. eu, butd not name the said t

haslindae to amin. >> i don't think any time soon.is a somewhat personal opinion, but also somewhat based on the economics of the situation and the measures that she's looking at. my own sense is later this year, december. i don't see it happening september or november. i think the central banks around the world are all being very dovish. i think that is causing each one of them concern as to when they try to do something. in europe, we further lowered rates. the british further lowered rates. japan is talking about lowering rates. haslinda: your own personal opinion, should she be moving now? there are opinions out there saying 25 basis points will make no difference. even 50 makes no difference. >> i think low rates for this long are detrimental to economic growth. it is killing the savers around the world. pensions can get the returns they are looking for. i think long-term it is very problematic. we would love to see not only the fed, but other central banks around the world really look at monetary policy. i think monetary policy

let's get to haslinda amin. the mood is different this time around. haslinda: it is.ast year, we saw the signing of a strategic partnership, a reason to pop champagne, so to speak. there is around, trepidation. the future of the tpp hangs in the balance, key to obama's asia. a trade deal, 12 nations, 40% of world trade. there has been growing anti-trade sentiment in the u.s., and the only way obama can get tpp ratified is during the lame-duck congress session, so expect obama to make asean assurances to -- make assurances to asean leaders that tpp will be pushed through. that, there are other issues like the south china sea. china has said it will ignore the ruling made by the hague. all these issues will be on his agenda while in laos for the asean meeting. obama, the first u.s. president to visit laos. it is pretty a story. angie: it is a beautiful country and parts. this is obama's last asean talks, but the first for the philippine president. what is expected for him. he is making his international debut at this asean meeting in last. it is the first time we get to

haslinda: you continue to be concerned about geopolitics. what exactly do you see?aid out our guidance for 2016 in november of 2015, people asked me what is the single biggest concern about achieving your guidance. is it competition or technology but it's neither. it is about the geopolitical environment. which, you know, it gives a lot of uncertainty to our customers about investing. if people don't invest in new manufacturing and don't invest in renewable energies or to health care technology, these are our revenues, our bookings. i wished i was wrong at that time. but if i look back from then to now, the geopolitical uproar has been rising. haslinda: add to that brexit, how is it impacting your business in the uk and your decisions for the future? >> we need to deal with what the uk people have voted for. on the other hand we must not jump overboard now and say it is terrible. it is not. however we need to know what the milestones are going forward. i don't need a yes or no about the brexit. i don't need to know what it is. i only need to know is how long will it

haslinda: a colorful guy.ou have to wonder what the filipinos make of their president bush debut in the -- president's debut in the international diplomatic scene. fruity: is it just language -- the operative word there be a 30. does it have any real implications haslinda:? there must be some implication a pickup.ll it the two countries are long-standing allies. and they need each other. the u.s. for territorial disputes. , the philippines is a way to engage the region in the asia pivot to counter the aggression from china. this incident highlighted the challenges obama faces as he prepares to leave office. the tpp hangs in the balance of uncertainty. putting u.s. credibility on the line. we also have an ally in the philippines causing destruction as you see in duterte, while china is being aggressive. not everything obama may have hoped for. rishaad: thank you for that. talking about the philippines. serendipitously, breaking news from inflation numbers there. a benign picture. move. 1.8%, a 1/10 of 1% slight

haslinda: this is a huge moment for the company. it is something it has to do.t was 50 years ago. it was the academy of pop culture, rock 'n roll, and was used to launch the careers of creative writers. 50 years on with the onslaught of digitization, people are no longer referring to magazines, newspapers, so it has to change strategy. what it wants to do now is get a new investor. a 28 year old singaporean with deep pockets is one of the richest families in asia. what he intends to do is make it relevant, a brand today and for the future. whene: what is the vision it comes to contributing to rolling stone? haslinda: it will not contribute to the editorial part of the magazine, but it will expand the brand and to merchandising, hospitality, live events. the idea is to spread the brand across the region, and this is a very important region. asia is home to more than half the population of the world. muchlling stone can get more of indonesia, china, australia, then it is a home run. yvonne: thanks. the risks facing samsung as it tries to manage the note seven cris

we have our southeast asian correspondent haslinda amin. what was the general consensus? a quiet summer volatility is back in the markets in a big way. they suggest a 22% of the rate hike. investors back to mulling over possible move in september. the global equities selloff continues. some suggesting that perhaps markets have lost confidence, central bank still have ammunition to promote growth. there is a sense that markets are on edge. chairman of the milken institute said it should not matter whether the fed raises rates are not. rates are still very low. take a listen. manyr me it reminds me of -- 20 or 30 years ago when we used to wait for the money supply, is it up, is it down? whether it is 25 basis points are 50 or 75 for me, interest rates are still very low. low, yet rates are there is rising liquidated. what is happening? the pressure in the market comes mother factors as well like the uncertainty in the u.s. elections, rate decisions including the boj, boe, investors try to gauge what will be done. still there are opportunities. goldman says imagine -- emergi

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haslinda: uk's business lobby has said there is still an outlook for the economy.eration of british industry's expects to see some deterioration in growth. it cautions that this comes after the debate continues on how the brexit may affect the economy. a 10 month high in august and the manufacturing index has also recovered. india's central bank governor has stepped down leaving with this passing wish. that the r.b.i. remain a strong and independent bank. multiple layers of scrutiny from entities that do not have technical understanding will only hurt its decision-making. he oversaw the biggest overhaul in the bank's history including pressuring lenders to reveal their bad debt. the initial challenge for a will be to tackle accelerating inflation and a slowdown in growth. municationace to lost a third of its value after it was destroyed in last week's spacex explosion. theing questions about plans that failed with the chinese investor. haidi: we were talking downgrades. 2016 will be a record year for downgrades. -- 20 downgrades for the whole of 2011. joining us no

haslinda: sparks maybe, fireworks i'm not sure. a debut of sorts. thes inexperienced medically.gates this first meeting with world leaders. some say he is unpredictable and blunt. talks will take place amid global criticism of his deadly war on illegal drugs, 800 people have already been killed in police operations since he was sworn in. set to meet obama and they will discuss human rights, the south china sea. he has made clear that obama must first listen to him before raising concerns. stay tuned. we have to see what happens. rishaad: thank you a lot for that. reserve bank of australia governor with a final policy meeting on tuesday. no change when it comes to rates. the bank expected to hold at a record low 1.5% hot on the heels of two cuts over the past four months. a 50%s are pricing and chance of further easing by the end of the year. they are waiting to see if the fed hikes this month. chinese banks seeking to raise capital to tackle rising bad loans. lenders have been bolstering finances. china civic announced plans to raise $600 billion. chinese banks are straining fin