i am haslinda amin with the first word news. china has demanded the video streaming's irving to do -- to come back home at the end of the year to deal with financial problems of the company. also, the ceo of the company made his fortunes but lowered heavily to expand. the stock has been suspended since april. it is not such a merry christmas for apple. projections for the first quarter were reduced after weekend demand. securities company sever links says sales may be 10 million fewer than previous estimates well gl warren capitals the shipments have dropped also. quick check of apple supplies in hin hai andorea, its counterparts all trading lower. indian prime minister narendra latestunched new delhi's metro system connecting the city to the tech hub. it is designed to operate without a driver. there will be a person in the cap for the foreseeable future. one of the commuter train crashed through a wall last week's parking controversy about the technology but it was blamed on human error. global news, 24 hours a day, powered by

in the meantime, let's get to the first word news with haslinda amin. ent trump is said to be planning the closing argument for the republican tax cut in a speech on wednesday. sources say he will speak as house and senate teams try to iron out differences in the two plans. the present tweeted the bill is moving ever closer. republican leaders plan to have the agreement signed and ready for the presidents signature by the end of the year. u.n..s. ambassador to the says israel and the palestinians must decide the status of jerusalem. nikki haley said she was reintegrating official american was reiterating official american policy. tosident trump's decision call israel -- the coach was limit the -- called jerusalem the capital sparked protest. to recognizesion jerusalem was said to be a danger to peace, according to the french prime minister. violence --all rejected all violence. and its allies may end their production cuts before 2019, if the crude market rebalances by june. russiarg was told that wants to ease the cap as early as possible. last month tod

rishaad: thank you for that, haslinda amin.e're seeing record highs for the dow, s&p and nasdaq. sophie kamaruddin has the details. kathleen: the picture has turned more mixed. sophie: we have the kospi under pressure and it has been lagging. given the moderating economic data that we have seen of late, latestday, we had the people he i november signaling that markets me -- profits may be easing. havea look elsewhere, we malaysian stocks under pressure but benchmarks are being taken higher by sydney as well as hong kong. aussie shares are at a generate, 2008 high. the nikkei 225 close out the mornings session with little change. -- tokyo stocks are also being dragged a little bit. the hong kong dollar, the currency is weakening to a three-month low, and chinese stocks as well. back fora mixed equity markets today. rishaad: yes, the de-leveraging campaign in full effect, we have so many different views on this. just today we had a world bank saying that the de-leveraging campaign could see economic growth moderating in the next

i am haslinda amin in singapore. she says it is not about the profit, it is about the impact.hinta kamdani has built her family business into one of indonesia's largest conglomerates. and as a chinese woman in mainly muslim indonesia. an angel investor passionate about progress, shinta kamdani is today's highflyer. ♪ haslinda: sintesa group is a billion dollar company, indonesia's biggest distributor of consumer goods. it is also into real estate, and renewable energy. at it head is a mother of four who champions gender equality. a woman who uses her role to help other women. shinta kamdani has become a beacon for indonesian business, inspired by what she calls her journey of national service. ♪ haslinda: shinta kamdani, thank you for being on "high flyers." such a pleasure to have you with us today. the pleasure is mine. haslinda: the company has its roots three generations ago. your grandfather started it in 1919 as a rubber plantation, but your dad took over and expanded it into industrial manufacturing and property as well. then you came along at the tender age of 32 and c

i'm haslinda amin in singapore.uch higher than the cofounder of airbnb, nathan blecharcyzyk, today's highflyer. airbnb has listings in almost every country on the planet. a trail blazer of the sharing economy, nathan is today's

here in tokyo, i am haslinda amin with the first word news. china is tapping up scrutiny of overseas deals and even punishment for companies engaged in unfair competition and illegal finance in. overseas projects that are in line with the nation's development plan will be approved. north korea has denounced new u.n. sanctions as an act of war and said the countries involved would play -- would pay dearly. the un security council approved measures aimed at reducing the import of oil and refined by north korea. the sanctions also tightened restrictions on shipping, imposing a 24 month deadline on ex-pat workers returning home. japan's core inflation rose more than expected in november at .9% compared to a forecast .8%. the boj's october meeting shows that most members think progress is being made toward a 2% target. household spending also easily eat estimates. -- beach estimates. the unemployment rate also fell slightly. the latest star wars movie again led the north american box office at the weekend, topping $100 million for the second week i

i am haslinda amin in singapore. she says it is not about the profit, it is about the impact.f indonesia's largest conglomerates. and as late chinese woman in mainly muslim indonesia. an angel investor passionate about progress, shinta kamdani

i am haslinda amin in singapore. she says it is not about the profit, it is about the impact.s built her family business into one of indonesia's largest conglomerates. and as a chinese woman in mainly muslim indonesia. an angel investor passionate about progress, shinta kamdani is today's highflyer. ♪

haslinda amin, thank you for joining us. thank you for joining us out of jakarta.. one-stop we are following quote -- one stock we are following closely, samsung. heavy. this is chart 1516. essentially what you're looking at is the value of the company, essentially, lighter by close to one third today. that is after the company said it is seeking a share sale. we are joined by still became in seoul. my first question to you is what is behind this new share sale. newet me tell you about details. they plan to raise about $1.4 billion in the sale of new shares to improve its finances. they want to complete new share sales via may. expectations are it would suffer for a while because of demand. the company says this is a preemptive measure to improve its financial than respond to risks. now, that is the company side. i want to ask what is the broader environment for chip builders right now? sohee: korean chip builders have been struggling due to a slowdown after excess local capacity. new chinese competitors and a plunge in will prices also made them softer. the entire

am haslinda amin in singapore.ilt her family business into one of indonesia's largest conglomerates. an angel investor passionate about progress, shinta kamdani is today's highflyer.

i am haslinda amin with the first word news.emanded the video streaming's irving to do -- to come back home at the end of the year to deal with financial problems of the company. also, the ceo of the company made his fortunes

and the previous conversation with the indonesian president, talking to haslinda amin. bring up on the show. and be part of the conversation, send instant messages to me, betty, our producers. we will try to bring them to our guests. this is for subscribers only. this is bloomberg. ♪ his is bloomberg. ♪ ♪ betty: this is "daybreak asia." i am betty liu in new york. david: i am david ingles in new york. rising as much as 39% exit theling assets to debt restructuring program and cut borrowing by $6 billion. the stock more than doubled in the past six trading sessions, amid speculation they have obtained necessary agreements to sell assets. paid abu dhabi's sovereign fund at a year-end deadline. $1.2agreed to pay ipic billion in installments, with $603 million remaining. it is up a center of multiple investigations linked to corruption and money laundering. rivalwework chinese youwork with a trademark battle. youwork is hard to say. they previously said they should change the name back. exploring other services such as chineseg and legal, the firm now operates 120 locations

in november, haslinda amin went into detail on this topic in an exclusive interview with the imf managingistine lagarde. >> the global economy is recovering. we are moving from 3.2 last year, 3.6 this year, 3.7 next year, catching up with pre-financial crisis growth. going toon, asia, is continue to be the big, global growth engine that it has been, and compared with this average of 3.6, asia will be generating at least 5.5%. so that tells you a lot about the role played by the region in global economic development. >> do you see evidence of inflation in this part of the world? >> it's a balance situation. you have countries currently at relatively low inflation levels, and where we believe that monetary policy must continue to support recovery and have an impact on price levels. but there are countries where inflation is still at crisis, a nd good levels. >> having said that, do you see several banks in asia targeting, in 2018? >> monetary policy will be tightened in those countries where the economy is ticking up sufficiently fast, and where inflation is rising. this is going to be the

he sat down with our own haslinda amin. it is sustainable because we had three years of really bad performance against the u.s. market and now with the u.s. market leveling off, emerging markets are back. i expect we're going to see at least 20% more growth in emerging markets going forward because we have not surpassed 2007. that has to happen. haslinda: so not too late to get in. -- what riskke you do you see? mark: there are two risks we see from a macro globalist point of view. north korea. i believe the u.s. is going to take some action. that is a big risk. the other is the internet. the interruption of thethe intet and the global internet community, because you have these hackers that are going into systems and with more and more cloud services being offered, with the whole bitcoin thing and the interlinking of systems, the possibility of hackers obstructing the end -- disrupting the entire system is there. markets, in terms of we want to get you to name three markets to put your money into. mark: china, of course. th

i'm haslinda amin. this is bloomberg. ♪ david: thank you. have a look at the top stories today, the top democrat in the city judiciary committee, diane feinstein, says there is a potential case of obstruction of justice developing against president trump after, national security adviser i complain pleaded guilty to lying to the fbi. trump defended flynn in a tweet saying there was nothing to hide. ross krasny joins us out of washington. ros, a lot of this started out as a suggestion, but there is a case developing. help us understand what it is. one thing senator feinstein said on nbc this morning, she does not think michael flynn with a rogue agent. she thinks some of the talks he had with russian about specific holocene matters concerning u.s. u.s.ions on russia and the -israeli policy in the u.n. could not have been cooked up by flynn himself that he must've been a directed by someone on the transition team. she is giving the impression that she thinks as more comes out about the talks with russia during the transition, it will lead close

i am haslinda amin.s is bloomberg. ♪ just looking at the quaint futures right now, it looks like we are getting some initial trade mentioned, and the direction you might expect, this is very early going. take this with a grain of salt. 16650, it breached the 15,000 level. you heard everyone from the thisevoss twins to others, looks to be headed to the 20,000 level, it could even be this week. some initial training on bitcoin futures you'd -- futures. i don't know, i think we will be on bitcoin watch a while. we are also on tax watch. yvonne: that is right. president trump said to be planning to make a closing argument for the republican tax cut in a speech on wednesday. sources say he will speak in washington as house and senate teams try to agree on a combined plan. they want to have it ready for the president's signature by the end of the year. we've heard from the likes of the vice president hoping for a christmas miracle, he said, when it comes to a tax overhaul, but when do we expect to see progress

in november, haslinda amin went into detail on this topic in an exclusive interview with the imf managingagarde. ms. lagarde: the global economy is recovering. we are moving from 3.2% last year, 3.6% this year, 3.7% next year, catching up with pre-financial crisis growth. this region, asia, is going to continue to be the big, global growth engine that it has been, and compared with this average of 3.6%, asia will be generating at least 5.5%. so that tells you a lot about the role played by the region in global economic development. haslinda: do you see evidence of inflation in this part of the world? ms. lagarde: it's a balance situation. you have countries that are currently at relatively low inflation levels, and where we believe that monetary policy must continue to support recovery and have an impact on price levels. but there are countries where inflation is still at crisis, -- quite sensible and good levels. haslinda: having said that, do you see several banks in asia targeting, in 2018? ms. lagarde: monetary policy will be tightened in those countries where the economy is picking u

i'm haslinda amin. this is bloomberg. ♪ paul: time for a look at the week ahead on wall street. markets dropping on friday due in part to what happened with flynn, saying he was going to talk with donald trump. >> we have the flynn drama, will he be diverging more to the authorities, i perhaps things president trump might not want die. to be harmful to the presidency? there is concern about the tax deal, and a possible government shutdown. ,e also have the auto data which was very strong. let's get into that. it did not really move the market as perhaps it might have. we saw ford come out as the leader, really shining as automakers crank up spending and inventory. numbers were up for half of the top six. honda and forward reporting the biggest sales gains, that had a lot to do with the rebates. somewhat less than the trend in october and september. that has to do with those sales, we saw a big from hurricane demand. suv sales surged by about 57%. explore deliveries don't by about -- jumped by about 50%. quickly, the way the market closed on friday. a slight optimism we have on a

let's bring in our correspondent, haslinda almond. -- amin.pensive dear, good food, hot weather, and low taxes. the fourth one is about change, isn't it? right, butou are thankfully, probably not incoming corporate taxes. that will impact competitiveness, at a time when the u.s. is cutting taxes. i want to show you this chart, a couple options for singapore. raised, perhaps even a motor vehicle levy. -- perhaps range even a motor vehicle levee. they have hinted higher products -- higher taxes are coming. singapore a country already among the most expensive to live in. of 40% rise in prices. set to feel the pinch this new year. betty: how convincing is a singapore's recovery? can it withstand further tightening? fingers crossed, it is not just 3.5%. broadcasting 4% growth. as --oss will return construction will pick up. call, it could be a headwind for growth in the economy. global growth is picking up, which is great news. all of that points to a sustainable momentum, as you know. they open the door to a tightening up the last policy meeting.

he spoke to haslinda amin in jakarta. >> it is sustainable because we had three years of bad performancest the u.s. market. now with the u.s. markets leveling off, still doing well but leveling off, emergency markets are back. i expect we're going to see a percent more growth in emerging markets going forward. have not passed the 2017 so that is going to happen. haslinda: not too late to get in sit up, would make you what risk do you see? mark: two big risks we see from a macro global point of view. north korea, i believe the u.s. is going to take some action, maybe shooting down a missile, whatever. that is a big risk area the other risk is the internet. the interruption of the internet. global internet community. you have these hackers who are going into systems and with more and more cloud services being whole bitcoin thing, and with these therlinking systems, possibility of hackers disrupting the system on a global basis is there. this is something we have to look at very carefully. markets, in terms of that you would bet on, if i were to get you to name three markets what would they

. ♪ anchor: i'm haslinda amin with the first word news. a decline over the holiday weekend after a rally fell short of $20,000. the tumble started with warnings from financial authorities about elevated risk in digital coins. israel has banned companies trading bitcoins from the tel aviv exchange. hasan prime minister launched new delhi's latest system connecting the city to the tech hub across the river. the train is designed to operate without a driver, although there will be a person in the cab for the foreseeable future. one of the new trains crashed through a wall last week, sparking concern about the technology. however, they blamed human error. the latest "star wars" movie again bested the north american box office over the weekend come up the second week in a row, although sales were down 54% from the opening performance. the drope gurus said is due to christmas eve falling on a sunday. "the last jedi" was followed by ji" with $50n million in its first weekend. global news 24 hours a day, powered by more than 2700 journalists and a

i am haslinda amen. -- amin.threshold as there is a concern about a slowdown in the world's biggest metals consumer. a slower chinese expansion helped to send it to its biggest loss in more than two years, but with that decline, copper has risen 20% this year. "the wall street journal" says china is preparing a strategy to u.s.t tax changes in the and a rate hike. they say they will use higher interest rates, tighter capital controls, and more frequency -- more frequent currency intervention, but this will not be needed if the u.s. policies have only a limited impact on china. china has defended the wto role in global trade. the u.s. and europe argue about it failing to meet expectations. they gather in point is aris -- in point is aries -- buenos a ries, and the eu trade commissioner also said the wto was not meeting its potential. one chairman says he is considering plans to set up a private equity fund at a time when deals in southeast asia offer what he calls exciting opportunities. the brother of the malaysi

haslinda amin is following that story. what is the strategy in this expansion?pan and looking to be big elsewhere. this acquisition puts an end to months of speculation. buying the stake from the state owned investment company, it will be completed by q3. the price, $1.2 billion for 39% take. -- stake. sinking -- seeking more. they plan to offer cash to their remaining shareholders. but nothing is for sure. remember they had attempted at one point to acquire them in 2013, but that failed. it was blocked from doing that. it will need the approval from the indonesian government, given there is a 40% limit on foreign ownership. indonesia has been trying to consolidate its banking sector, which has more than 100 lenders. it may able -- may be able to do what they had not been able to. david: that is the picture in indonesia, this is the fairly big transaction. we know they have been busy in southeast asia. why has it seen all of these acquisitions? haslinda: it has been busy. if you take a look at japan, it is a shrinking market for banks like mufg, given the aging

setty: that was it singapore' senior minister of health, chee hong tat, speaking with our haslinda amin find out more on our website, head to bloomberg.com\fu tureofhealthcare. this is bloomberg. ♪ ♪ ."onne: this is "daybreak asia betty: now, to an exclusive interview with bank of america ceo. he talks about tax reform, the state of the u.s. economy and prospects for europe. he looks at china and saying simply creating enough jobs for people is hard work. ourhey are working on it, research team, one of the best in the business, has been growing between 6% and 6.5%. it is that fundamental organization, industrialization, pulling people into the economy, they have to create a lot of jobs and that creates a lot of work. the shadow banking, all the things we see with policy changes, it is not news to them they have to figure this out. they are working on it, trying to engineer that change without slowing it down too far. that is the tension that goes on. so far, there have been times they thought they could do it. it is the second largest economy in the world. 6% is not a bad income -- outc

our chief international haslinda amin is following this story.is news. >> they love it. shares the highest since 2000. not so much for mitsubishi ufj investors. that 39% premium it paid may have been too much. mitsubishi ufj shares are down on a day when the nikkei is trading higher. mitsubishi ufj needs to expand outside japan for future growth. billion. for $1.2 singapore state-owned investment company is one of the owners. the deal set to be completed next year. this is just the first phase. mitsubishi ufj is looking to expand its stake in danamon even more, and targeting 74%. can it do it? we are not sure. remember that indonesia has a 40% cap on foreign ownership of local banks. dbs tried to buy a stake, it failed, but indonesia is trying to consolidate the sector, about 100 lenders. it may work in mitsubishi ufj's favor this time around. has beenmitsubishi ufj busy in that part of the world. why all these acquisitions? >> japan is a shrinking market, a graying population, slowing growth. it makes sense for mitsubishi ufj to look beyond its

francine: that was mark mobius speaking to bloomberg's haslinda amin. bring back larry hatheway, gam group chief economist. of 2017.bdued reruns ; i think that is right. i think it is a consensus view that there's going to be more subdued returns, stay the course, because local growth and earnings are supportive. it is hard to argue against that. one can also be complacent. construction is probably the key here to marry that view. larry, your biggest concern, last time you wore on bloomberg tv, inflation in china. is that still the case. larry: i would say the most probable disturbance for markets early next year is a decline in global growth. they are peaking. they are likely to come down. beyond that, and china is tightening credit in the economy, and historically that will mean the economy will slow. is what industrial metals are beginning to tell us. the biggest risk to portfolios must be inflation. it is not at all expected. it is not something you see many people talking about. record in thelio sins that it will undermine the case for duration fix

let's get to first word news with haslinda amin.ein says i the case ofs and obstruction of justice is developing against the president. she is talking about the indictments and please involving trumps former aide michael flynn. president trump has celebrated the tax vote in the senate by saying it makes him unbeatable for reelection in 2020. he also says the corporate tax rate could be 22% in the end, having said 20% was the level at which he would support the republican proposal. every percentage point change in the corporate rate equals $100 revenue over 10 years. rio tinto has named simon thompson as its new chairman. he has been a real director since 2014. thompson will replace the current chairman from march 5. rio tinto is optimistic about china long-term come up but with a slowdown over the next six months. singapore priced itself -- prides itself on law and order, but has been called a haven for piracy instead. costs theand movie industry $32 billion in global revenue this year, topping $50 billion by 2020. greece and intern

i am haslinda amin.p efforts on ipo's after it lost out on alibaba. innovativeow companies to list with a dual class structures, the biggest change since 1993, and charles significant number of company's which is hong kong in the coming year. -- hopes a significant number of companies will choose hong kong in the coming year. >> our market will be fundamentally different if they choose us. with the new economy, i think hong kong will be an explosive growth story. america's biggest foreign investors are buying more treasuries. rose $8.4ldings billion in october 2 $1.2 trillion. is rebuilding currency reserves amid tighter capital controls. holdings by number two investor japan fell for the third straight month. it accounts for more than a third of ownership treasuries between the two countries. a man has charged with being an agent for north korea in australia. the 59-year-old is accused of attempting to broker millions of dollars worth of sales of components that could be used in ballistic missile. he al

let's go there and speak with our chief southeast asia economics correspondent haslinda amin.e quarter they are down and down by a massive amount, and then not in the following one. >> you are right. it is an export dependent economy. if we look at the projection of the central bank, 3.5% next year. growth,casting 4% pretty strong for a mature economy like singapore. anz said jobs lost will return , consumptiones will come back, and construction will pick up. can the economy withstand the tightening? it could bests say a headwind for growth and the economy, but if you look at the consensus, pretty encouraging. global growth is picking up, great news for singapore. plus, the recovery is more broad-based, no longer confined to manufacturing or electronics. all of that points to more sustainable momentum. the central bank did open the door to tightening at the last policy meeting. the move may come as early as april. rishaad: what kind of tax hikes are we expecting in singapore? probably not income taxed or property tax, because that would affect singapore's competitiveness at a