i am haslinda amin.ng there read on the global economic climate from the world's financial leaders, what are they excited about and what worries them? we start with the imf managing director, christine lagarde. we upgraded our forecast for 2018 and 2019. the characteristic of that upgrade is that it is significant. 3.9% for both years. a wide rangevers of countries, not just of the emerging markets leading the charge, not just the advanced economies. that pretty much across the board but for some countries which are not seeing a capital basis income growing, that is primarily that sub-saharan african countries. japan, theok at u.s., turkey, some of the big emerging market economies, we have upgraded very much a cross our range of countries. the only one that did not get an upgrade is the united kingdom. we left it where it was? host: if we see more protection, does it hurt the forecast, going forward? growthwhat we see is going up but trade even higher than growth. trade is a significant engine of growth

haslinda amin is there. haslinda: good morning. trump day.be he is expected to deliver a keynote address at 2:00 p.m. local time. what is the message? nobody knows. it is likely a push for america first. about one year ago when he came to power, a lot of people were saying it could be a doomsday scenario, weighing on global growth. a year on, lots of optimism, and we are feeling it here. plenty to talk about today. final day in davos. shortly, i will be talking to different guests. we will also bring you an exclusive interview with francois bill o'reilly -- with francois velleroy. villeroy.ancois let's have a look at where we are in the markets. this is the asian equities session, down .2%, losing a bit of ground. the australian market is closed. australia day there appeared the australian dollar getting a little bit of a boost in celebration. united states, little changed at the end of their session. there is a lot to say about the dollar. .3%, atndex down around least five officials from the trump administration weighing in with

i am haslinda amin in singapore. arnaud vaissie is a good man to know in a crisis.e is cofounder, chairman, and ceo of international sos, the world's leading risk services company. 11,000 employees and more than 10,000 corporate clients. arnaud vaissie is today's high flyer. he is in the business of saving lives, but international sos has grown into much more. two friends who began in venture 30 years ago have journeyed to the summit of a global industry they created. international sos is present in more than 90 countries. for decades, it has been a lifeline for people ought up and some of the world's most dramatic events. a 2006 tsunami. an attack in mumbai. but it is also a daily lifeline for the hundreds of millions of people who travel the world every year. ♪ haslinda: arnaud vaissie, welcome to "high flyers." good to have you with us. arnaud: good to be with you. haslinda: the year is 1985. two frenchman, both good friends, decided to set up a business in the lion city. what prompted that move? arnaud: singapore was already very advanced. so my friend, dr. rey-

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haslinda amin mean is joined by a guest.ing to do the same thing president xi jinping did for china last year. whether he will exceed to do that remains to be seen. he will be speaking in an hour and a half. in the meantime, its get perspective on india from the chairman of the state bank of india. it is good to have you with us. inflation is a big issue in india. oflation is above the target the rpi. you see interest rates rising faster than expected because of that? years.ation last three the whole policy of the bank of india has been about continuing inflation. we have been successful in that. we have seen pick up and that was unusual, but going forward, our expectation is the number should stabilize and at least in the next six months, i don't foresee any major movement further. as far as the policy rate is concerned. haslinda: having said that, when d.c. rates moving? rajnish: rather, i would say that i am seeing rates stable for some time. a year or so. haslinda: the other issue in india is bad loans among banks, among

. >> and i am haslinda amin. id: a mixed picture for stocks in the region. hang seng extending the christmas break. haslinda: investors await chinese trade data. bond bulls show resistance and treasuries. attention returns to japan's forty-year option. haslinda: we are live up from mumbai, i had of infosys earnings. slowing sales and immigration issues. david: two things to watch out for this hour. any moment, beijing, you late again. figures coming out. yuan and dollar terms, as well. take a look at how we are doing across markets. fifth straight week of gains across the equity markets. slower sincetually november the 15. the euro-dollar up. hawkish minutes from the ecb. we are nearing a levels where we bumped our heads a few days ago. just below that level on the u.s. 10 year yield as well peakedt, which briefly above $70. take a look at the markets opening up. thailand, new record. it is a problem, the currency below 32 for the first time since 2014. we are looking at a decent start to the session in india. out

let's get back to davos, where we are joined by haslinda amin. slinda: the brexit transition period. monday it is expected to lay down a december 2020 expiration date. countries are open to expanding the phase beyond that deadline. joining us now is the european commissioner. he joins us this morning. good to have you with us. when you look at the brexit negotiations? will it be a long time before we see actual results? >> britain will leave the union on the day which has been set. it's in our law. so, you cannot stretch the legal system. there is a one-year time period. of course, we have to look at the future arrangement. we will talk with the president. one thing is for sure. even if if we had the best possible trade agreement with the u.k., it is never as good as the single market for the u.k. francine: do you think the u.k. is too slow making brexit demands for trade? >> i don't think so. we have had possible discussions on possible trade agreement. but it will take some time. a comprehensive trade agreement is not an easy task. it will take

alix: haslinda amin of bloomberg news. to risk assets if you have a bloomberg terminal, check out tv . interact with us directly. go to tv on your terminal and click around. this is bloomberg. ♪ david: you are looking at marine one, a live shot of marine one in davos, switzerland, ready for the president to get out of town. he has just made his speech. what you do not see are the other four to five helicopters that go with them as part of his entourage. alix: it is called there, and like six feet of snow. i am watching investor flows. and epf far had their report that showed what happened to equity flows. $33 billion went into stocks across the globe. 7 billion of that went into u.s. equities. $4.6 billion to u.s. -- european equities, at the expense of -- can you guess? high yield bonds. they saw outflows of about $2.5 billion, and i was wondering when we would start to see a rotation out of high-yield. good to see a little bit of a tipping point. david: at what point do equities get overbought? alix: industrials

i am yvonne man. >> i am haslinda amin in singapore.s with paul allen. >> thanks. in more than yuan two years is prompting speculation about steps to cool gains. beyond 6.5 ined september, and policymakers made it easier to bet against the currency. isomberg sources say china escalating its clampdown on cryptocurrency trading. banneduthorities cryptocurrency exchanges last year, they have noted an uptick in activity on alternative venues. the plan is to block access to platforms that allow centralized trading. gained as an ecb governor said the bank should halt its a net asset purchases. he told a german newspaper the ecb said adjusted policy guidance before summer and said the last step to zero is "not a big deal anymore." baja brain says an emirates flight from dubai to its capital was one of the flights buzz by qatar. a qatari royals said he was being held against his will in the uae. that claim was denied. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. >>

haslinda: and i am haslinda amin. about company ceo joins ushe now. on this $90 million acquisition. is this a game changer? >> thank you so much. it is a pleasure to be on bloomberg. we are talking about the acquisition. it is game changing because mobile video is leading the world. in advertising, video advertising is absolutely. this acquisition makes us one of the most fermentable platforms in the world on mobile video advertising. it is one of the capabilities we did not have, especially in regards to advertising. it was not one of the capabilities we had. that capability and combine that with a large-scale presence across the board. a massive this is deal, not just for us, but for every one of our customers. they are extremely excited. has a globalobi footprint, including in china, which is unusual for indian startups, which have found it difficult to make inroads. what helped you in getting into china? it is not just indian companies that find it hard to get into china. even for u.s. companies it is not easy to get into china. there are not man

i'm haslinda amin. yvonne: a quick look at the headlines.or the first time in more than decade, goldman sachs is worse -- worth less than morgan stanley, after reporting a 50% plunge in bond trading, market capitalization felt a 99.4 billion dollars at the close. octoberp a streak since 2006. it has been a rough year for goldman, long considered the envy of wall street. haslinda: the largest asset manager blackrock is offering staff unlimited time off. the company wants to provide a benefit considered appealing to younger workers used to more casual and flexible environments. the ceo transformed blackrock into a more tech focused firm. says the move should help it compete against silicon valley rivals. tiffany posted a rebound in holiday sales, helped by new accessories like $90 pencil holders and $450 rulers. 3% in the final two months of 2017. the pencil holders and rulers sold out online, but higher priced products are still available, including a $9,000 sterling silver ball of yarn. [laughter] wow, yvonne., a small shift is taking place

satmberg's haslinda amin down with one who says companies and to fight cybersecurity like a disease.: you have to stay on top of it all the time. there is no end in sight. you have to be vigilant. the threat factors continue to increase. we have improving, but not perfect, cooperation between companies. notave improving, but great, corporation between governments and other governments, and it is a global problem. if you solve that problem in one particular country or server, how do you make sure everybody else has an opportunity to understand that threat factor has been solved? haslinda: why have governments and companies been so slow to rectify the issue? guest: it is incredibly complex, first of all. if you have been optimized, you have a duty to care to your shareholders and customers, and you want to be thoughtful about that before you disclose it. to the extent that you do disclose it, you want to make sure you are identified because you have been helpful, you don't want to be penalized because you been helpful. there's no real regulation rules that have caught up to the constan

i'm haslinda amin. this is bloomberg. >> thank you very much.wo of asia's biggest economies finished the year 2017 on a strong note as chinese manufacturing shrugged off the official campaign against debt and pollution while korean exports are seeing a 60 year high. our editor kathleen hays has the number. let's start with china. can beijing still continue this momentum? kathleen: that is the big question. but howt as much, impressive that china is starting 2018 on such a strong footing, when we take into consideration the concerns you mentioned. btv 403. what you see is the white line, purchasing managers index at 51.6 in december. it had been at 51.8 in november but anything above 50 signals growth so this is pretty good growth. maybe not spectacular but solid. orders production, new -- very strong but not as strong as the month before. new export orders and jobs picked up as well. nonmanufacturing, services at up from 54.8. construction is the biggest up from 54.8. construction is the biggest driver. that index hit 63.9. as we look over all,

with haslinda now amin. much in our coverage of the challenges in finance and economics across all of asia. she has an important avenue with the central bank leadership of with africa -- interview the central bank leadership of south africa. when in doubt, hire and economist -- higher an economist.- hire an studiedt to hosea, who at harvard. they provided economic wisdom to any number of managing directors. he joins us this morning, as chairman of standard chartered. what did you do on day one when you moved to the world of standard chartered? what was your mandate from day one? >> my mandate was to be the guardian of the interests of the company, in particular of the. shareholders. that was my mandate and motivation. i have acted since in a way that is best for the company, together with my 4 colleagues and our colleagues from the management team. tom: the standard chartered bank nersonifies being in a inclusive economy and an inclusive financial system. what will be the distinguishing feature of standard c

that was haslinda amin with the airasia ceo in davos.am, bloomberg big decisions. james quincey joins david westin did discuss big issues of global decision-makers and business leaders. they go into the impact of the global tax overhaul on trade, and how he thinks the first year on the job has gone at coke. it reviews at the times on your screen that you see right now. up next, rags to riches. accompanied making products from everyday rubbish. this is bloomberg. ♪ ♪ ."onne: this is "daybreak asia betty: i am betty liu here in new york. foxconn thinking about injecting its new iphone business in shanghai this year. they will seek approval at a shareholders meeting next week, listing networking services and cloud computing operations under the name, foxconn industrial internet. they say china capital may be a lead underwriter. yvonne: tencent taking the challenge to alibaba by in a french supermarket. tencent will strengthen its position in traditional brick-and-mortar grocery stores. they will work together on data collection, market sale

i'm haslinda amin. owth optimism drives markets even higher, up 10 straight days. haslinda: the yen hits four months highs. hires banks to work on an ipo. thai airline why stocks are losing out to despite a tourism boom. plenty of great guests coming up later in the show. we will be live at the asian financial forum in hong kong, and don't miss our interview with luxembourg's finance minister in about 10 minutes. we will be talking brexit and more. plus australia's minister for revenue and financial services will be also joining us later on 11:40 hong kong metoo: 40 p.m. kong, 2:40- hong p.m. in sydney. yvonne: what a day has been in the markets. u.s. markets closed for martin luther king holiday on monday, but we didn't really need them so far. let's see how things are faring in the asia-pacific, extending this year's surge to more than 4%. the regional benchmark of 7/10 of 1%. a lot has been due to the broad-based dollar weakness story fueling it. those are for use highs for the currency on progress of

that was the indian minister of commerce speaking to haslinda amin in davos.m, how he sports are andping across the region could be en route to the olympics as well. out of taipei, that's next. this is bloomberg. ♪ tom: the videogame company behind the hugely popular legal legends title, right games, says momentum is billed -- riot games, says there is movement for you sports to be at the olympics. what is the buzz about competitive gaming? it is all about competitive sports. the taiwanese among what the south koreans, the chinese, and a little less or perspective. they are in the eastport, and 80% of these viewers are asian. games, the riot maker of legal legends, the biggest world championship of e-sports, he says the reason 8% of the players and audience are in asia could be the impetus for the international olympic committee to include e sports in the olympics as early as 2024. this is what he has to say. >> you see viewership is declining. many new categories are coming in. is in focus. >> our videogame as athletes? >> if you ask me, i would say yes. you