news get the first word with haslinda amin.sed aident trump thanksgiving address to the military to take credit for progress in fighting abroad and to warn america's allies could become the enemy. during the campaign he said u.s. engagement was a waste of time. but now he claims his policies have turned things around. he told soldiers they would come home to a good economy, good jobs, and a big, fat, beautiful tax-cut. germany a step closer to a coalition government, with the biggest party to begin talks. martin schulz and the spd wary about reinstating the grand coalition, when the voters punished them at the inconclusive the coalition. margolis struggling to form a government in talks with -- when talks with the free government and the green failed over the weekend. considering dropping the referendum for independence, if they talk with spain. said it couldont be removed from the manifesto if madrid holds talks as equals. catalonia holds new elections in december. samsung rejected claims workers had been abused at two factori

i am haslinda amin. this is bloomberg.racking down on cash micro-lenders as authorities worked to reduce risks. a look at whath is going on here. steve: there has been a crackdown over the summer of more regulation on these cash micro-lenders, which often times, well, the speculation is that they can be quite predatory with these high lending rates, and they also strike in the more poor regions. 201province is micro-lenders, twice as much outstanding loans than a more affluent areas like beijing. when they call in those loans -- they can offer loans legally to 36 annual interest rate. oftentimes, in these porter areas of china, -- poorer areas of china, they cannot pay it back. it is about reducing systemic risk in the financial system. we are getting one report from a state-linked newspaper saying that china plans to purge the currently 157 licensed cash michael lenders, ok, and leave it to the state owned enterprises that have licenses as well as the big internet of alibaba,ke -- and start restructuring the industry, rig

haslinda amin right now. encouraging performance. >> strong quarter and the strongest in more than three years. 6.3%. an estimate of you're on year, beating 5% estimates. outperforming,d services up 3%. you get a sense that the recovery is broad-based and enough for the government to raise its growth forecast for the year two as much as 3.5%. sayinga hint of that growth for the year might be at the top end of forecast. david alluded to this. the singapore economy relies on the health of the global economy. it's highly export dependent, rising a lift from global trade. we saw evidence of that this morning. is set to pick up next year. so interesting to note that the whole region is posting strong growth on the back of this. from malaysia and thailand, all reporting the strongest growth in years. against the backdrop of tightening by the fed. most of it has boosted infrastructure spending, counting on the young and growing population to continue to build on that growth. david: the question surrounds inflation a

i'm haslinda amin.berg. >> i am sophie kamaruddin with a trait -- check on the marke ts. shares in singapore and china are leading laggards in the region. samsung related shares dragging the most as it readies to appoint a new cfo today. that is according to the news. the korean won is stronger along with most asian currencies. eyeing a line is and sand that traders have found difficult to cross. the kiwi and aussie dollar leading g10 gains. the aussie dollar fight -- finding support from trade in september. the base metal complexes looking a little more next this thursday, aluminum and copper on the back foot. the yen is gaining ground. the nikkei is claiming a third of a percent. honda is leading the boost in tokyo, the most in 10 months on its earnings. investors remain bullish ahead of a three-day weekend in japan, even as yamaha corp. is one of the worst performers in tokyo. panasonic falling the most in a year due to concerns over production four teslas model three sedan. that is a look at the sna

haslinda amin. this would be a christmas present for america, paul ryan pledged fast action. political will. move is cutting the corporate tax rate to 20%, and allowing companies offshore cash. the bank of england raised rates for the first time in a decade. -- by saying ais number increase is not imminent. there was a vote to lift the rate from a quarter of 1% to 1/2 %.that said they will do what is necessary, "the one thing we know is that the situation will change." apple jumped holiday sales forecast, and exceeded most estimates. it's a sign that the company expects robust demand for the new iphone x, it's put -- most important new product in years. apple says the divide will push overall sales to a record of $87 billion in the final quarter. less inious high was 2016. alibaba powers ahead after adding $250 billion in market value. it's raising its four year outlook, 61% in the three months through september, the fastest pace since lifting in 2014. alibaba is to vesting -- investing in the cloud. they have almost monday percent in the last year. a latest to heed president

i'm haslinda amin. i first spoke to joko widodo four years ago when he was the governor of jakarta.nd then again and again the following year. now he is taking me to --, where they plan to boost the economy, making it one of the strongest in the world. this is "indonesia: jokowi's vision." ♪ haslinda: indonesia's president joko widodo has vowed to remake every inch. this is one of 10 areas pinpointed for terrorism, and that means infrastructure like airports and roads, including some of the 1000 kilometers of national tollroad promised. adding to the challenge, the fact that indonesia sprawls across some 17,000 islands and is home to several live volcanoes, including one where people were recently re-house d after an eruption. jokowi has implemented a raft of business reforms. over the next 30 minutes, we check in on the progress of his vision. three years into your presidency, do you think you have delivered on your promise to bring growth and prosperity to this nation of 250 million people? president widodo: indonesia is a big country with a total population of 250 million people.

i am haslinda amin in singapore.orld, he is a cult figure, a young man racing towards his first billion. tan min-liang is cofounder, ceo, and creative director at razer, a company at the forefront of a $100 billion industry. tan min-liang is today's high flyer.

i'm haslinda amin in singapore.ng to harness the earning power of indonesia's 75 million motorcycles. then came an app. now go-jek's business covering ridesharing, logisti,

i'm haslinda amin. i first spoke to joko widodo four years ago when he was the governor of jakarta.

i'm haslinda amin in singapore. crude call center looking to harness the earning power of indonesia's 75 million motorcycles. then came an app. now go-jek's business covering ridesharing, logistics, food, and fintech. go-jek's ceo and founder nadiem makarim is today's highflyer. ♪

archie correspondent, haslinda amin, already on the ground. what is the mood of the delegates? recordstocks touching highs, although a little bit of a lapse. what are you feeling? haslinda: seems to be more optimism compared to a year ago. trade, coming along at 3.5%. not bad but not good enough. oecd, they at the will tell you trade needs to go at double the pace. let's get some perspective from mark. up feet. food is there is a sense we are working a new paradigm. with the u.s. pulling back from the global agreements, tending to deal in a bilateral way. at the rest of the world is getting on with it. speeches, tppe continuing, other nations realize it is a new environment. nonetheless, they will need to work through it. working in a new way. be subainly is going to optimal without the biggest economy being an active participant. but that does not mean trade stalls. it is not just about manufactured goods. it is about multilateral agreements. intellectual property rights across borders. that is where this region is going to focus on getting the productivity, the economy that is

i'm haslinda amin in singapore.all center looking to harness the earning power of indonesia's motorcycles. then came an apt. p. now go-jek's business covering ridesharing, logistics, food, and financch

let us get you caught up with some of the headlines, haslinda amin is single or. >> haidi, japan's retail stocks fell short of expectations in a sober, retail sales, raising concerns about a rebound. sales fell to 10th of a percentage from one year earlier. department stores reported a fall of .7%. the economy ministry says typhoons and heavy rain were partly to blame. reports from london say british and european union negotiations have reached an outlying agreement on the divorce bill although the final some is still to be field. the daily telegraph reported the agreement. 55-60 $5 billion is what is suspected to be the price. talks are progressing. have bank of england has repeated its warning about butit, saying that anything a smooth transition could mean financial distraction and economic pain. after releasing the latest press test for -- latest stress test for the uk's lenders, that was a warning that was released. barclays is one of the banks considered to be in the weakest position. >> after our own risk analysis, our organization also judges the banking s

emily: that was transferwise's chairman with haslinda amin., tencent posts a blowout quarter. what's driving sales? and you can catch a wide-ranging interview with blackrock's leader tonight at 9:30 new york time. this is bloomberg. ♪ emily: square is embracing bitcoin. the company is testing support for the cryptocurrency on its square cash app, which lets customers store money and send peer-to-peer payments without having to connect to a bank account. square has been allowing merchants to accept bitcoin since 2014. in china tencent posted its , strongest growth in seven years a 61% , rise in quarterly revenue. it's riding the success of video games and an expanding ad presence. to break it down, we are joined by peter elstrom in new york. what is driving the growth? peter: tencent had surprisingly fast revenue growth, the strongest since 2010. on profits, they blew past the estimates by about 14% on a gap basis, which is substantially greater. this is a company that it seems like analysts are having a hard time understanding exactly what's g

our chief international correspondent haslinda amin is there for us.es we aren looking at over this weekend? >> it's all about trade. this meeting is set against the backdrop bond of urgencies in trade and policy around the world. the aipac headset it's a very complex situation and it's getting more and more difficult to find common ground. it's precisely because of that that several trade agreements have been scuttled, including the transpacific partnership. 11 members of the tpp announced -- are now scrambling to get something out, a statement trying to indicate perhaps that tpp can go through without the u.s.. tpp was crafted by the obama administration but was abandoned pretty much by the trump administration the moment he came to power. global ceos are in town to discuss prospects and challenges for them. ups aipac the regional leader. good to have you with us. what has been the key takeaway of this meeting? >> my highlight so far was the opening remarks from president kwan. it was great to hear his ambition and vision vietnam. that has created a

i am haslinda amin. this is bloomberg. ♪ haidi: thanks so much for that.k at the markets feared dead markets. the s&p ending another week of decline with concerns over the pace and tax concerns. the kiwi dollar trading at 68.11. we are looking a little bit weaker after finishing friday's a session high than about one quarter of 1%. the aussie dollar seen downward pressure into the end of last week. we saw it falling to the lowest in about five months. if you want to look at gauges sentiment, it was falling against the backdrop of the weaker u.s. dollar. let's get more on what we should be watching us trading gets underway for this week in asia, adam has look ahead. asian equities have had a huge year. what is the technicals telling us? adam: let's dive into the bloomberg and see what it is telling us. call a what analysts double top. we have a high back in 2007, and then where we are now. we are reaching levels we have not had for 10 years. technically, that puts a lot of pressure on the ability for equities to push higher. you have seen that in recent ofk

i'm haslinda amin in singapore. crude call center looking to harness the earning power of indonesia's 75 million motorcycles. then came an app. now go-jek's business covering ridesharing, logistics, food, and financial technology. go-jek's ceo and founder nadiem makarim is today's highflyer. ♪ haslinda: still in his early 30's and at the control of a billion dollar business, it has been quite the ride for nadiem makarim. go-jek has grown to become indonesia's leading mobile on demand platform. the ridesharing app now controls 95% of the online food delivery market. go-jek employs 300,000 riders, dominates the same day logistics market, and it's indonesia's largest digital wallet, all achieved in just two short years. ♪ haslinda: nadiem makarim, welcome to "high flyers." good to have you with us today. nadiem: thank you for having me. haslinda: now, go-jek is a play on an indonesian word ojek, which is a motorbike rider. how did that come about? it has to do with harvard? nadiem: yes, i think when i was in business s

i am haslinda amin in singapore.s a cult figure, a young man racing towards his first billion. tan min-liang is cofounder, ceo, and creative director at razer, a gaming hardware company at the forefront of a $100 billion industry. tan min-liang is today's high flyer. though consistently rated among thbe

he spoke with haslinda amin. built two projects.another [indiscernible] i'm building also a golf course and country club. those are under construction, also. the second one i am building and bali. a hotel, golf course. >> everything is on track? >> yes. >> you talked about needing to acquire morland. -- to acquire more land. it has been successful? >> yes. >> your relationship with the has access to- the trump family changed since trump became president? >> [indiscernible] i can communicate with them at any time [indiscernible] do you think of the trump brand has helped you? >> the trump brand is a good brand, high profile. [indiscernible] from the beginning i decided to do that, even before he became president. >> you said you are inspired by mr. trump himself and have noted before you have aspirations to run for president. do you find yourself in that position now for the 2019 election? >> i have to make it very clear here. ,m going to support mr. jokowi the current president, to run again for 2018. >> why is that? >> he has shown

rishaad: singapore is a senior minister of state for finance talking exclusively to haslinda amin.ingup, janet yellen central bankers to keep an open mind about inflation. we ask if jerome powell is likely to heed her advice. it is also the market open, next. ♪ ,ishaad: 9:29 a.m. in hong kong counting down to the start of the trading day. up u.s. major markets ended in record terrain. giant investors taking stock of the profit outlook and liking it. also tax reform debate on hold at the moment as congress has its week on holiday for thanksgiving. at goldman sachs, stott gains for next year. generally speaking it is a bet currently on global growth. that is the driving force chiefly as we move higher. haidi: absolutely. considering we are looking at a truncated week for u.s. trading. goldman is really on the barrier side of the ball's bama -- of the bulls. they have said they are expecting 2850 for the s&p next year. china opening now. we have this sense of exuberance when it comes to the hang seng in particular. sophie: can we get a drumroll please? the hang seng has broken 30,000

anna: christine lagarde talking to haslinda amin about global close -- global growth and inflation.er from to buy a stake in the company. followed by a tender offer to buy $9 billion in shares from investors. our reporter has been following this story. he joins us from tokyo. tell us about the deal, what these companies have agreed to do together. this is a preliminary agreement at this point, but it has been weeks in the making. softbank and a couple other inestors have agreed to put about $1 billion in fresh capital and there will be a tender offer to buy $9 billion in shares from existing shareholders. what they need to work out is exactly what price the deal will go through it. is $70latest valuation billion. fresh capital go in at that valuation. they need to negotiate what price they will pay for the existing shares. i wonder how uber can benefit from softbank support. it is -- is it purely financial or anything else here? can use inverybody next are $1 billion in capital. softbank has been an aggressive investor in right hailing companies around the world. it is not clear exa

haslinda amin joining us from vietnam. if you want to continue to cover it, there is the live go function on your bloomberg. tliv as well. mliv , the markets function on your bloomberg. mark cudmore leading the charge there. knowwas a week we didn't how it was going to turn out. at the end of the week, xi jinping is speaking, we have had the president of the united states speaking, yet it has been the markets that have steamrolled over this event, not paying that much attention to the nuances. to be honest, we were expecting north korea to be an issue and it hasn't been. absolutely, we thought some trump comments would lead to this week and that hasn't been the case. the biggest topic of the week was turmoil in japanese stocks yesterday. there is also hong kong ipo fever. this is important to remind investors that asia is the most dominant sector for markets in the world now. three of the most populated countries are in asia, largest economies are in asia. now china is taking the u.s.'s place as a leader of global trad

i am haslinda amin. this is bloomberg. david: thank you.ogram. emerging from the smog to become china's clean air winter. -- air winner. stay with us. this is bloomberg. ♪ ♪ david: this is "bloomberg markets: asia" i am david ingles. toshiba in the mix today. have a look at this. planning to raise $5.5 billion of theloring a sale westinghouse unit. funds can be used in new businesses. reports of tokyo. the replacement of a ceo in march due to falling domestic sales. the company has been hit by rise of e-cigarettes and bathing. vaping.cigarettes and let's quarter, the company went on a buying spree across southeast asia. staying in japan, nissan says it will have to build a new production plant in the u.s. as sales continue -- if sales continue to grow as expected. it would need an entirely new facility as the existing plans are working at full capacity. they have the most productive plant in north america and import several models in japan and is the top model maker in mexico. injuries related to faulty passenger seats for honda. recall com

emily: that was transferwise's chairman with haslinda amin. up, tencent posts a blowout quarter.iving sales? and you can catch a wide-ranging interview with blackrock's leader tonight at 9:30 new york time. this is bloomberg. ♪