us go to haslinda amin. -- let's go to haslinda amin. >> north korea says sanctions are not the reasonor removing nuclear weapons. they say they are misleading the public by characterizing those steps as a sign of weakness. they are accusing washington of trying to ramp up tensions ahead of meetings between kim jong-un and donald trump. south korean newspapers say the summit will probably happen in singapore in june. the bank of korea's moved to clarify comments that the bank should raise its benchmark interest rates when it has become possible to do so. hours after a release of a statement saying it was seeking is most general terms, they reported lee saying the ballots will increase if the bank holds rates while the economy and inflation settle. iran has spoken out against higher oil prices, signaling a split with opec members which is showing a willingness to keep tightening crude markets. iran's deputy minister set a barrel, price to $65 a brent futures surged to 75 bit -- $75. vote counting has begun after .ebanon's policy elections the main battle is between a western and saudi b

haslinda amin. haslinda: good morning. italy remains without a government after a would be prime minister failed with a choice. he withdrew, saying he has done his best to form at administration. rejected ant economist who has called for in -- italy to leave the e.u. and criticized germany's dominance. china's island province is taking steps to combat speculation in real estate, and the campaign may go nationwide. they want to see the ban of flipping proxy and have been mining down payments as much as 7%. restrictions were down in april to boost the island economy. international airlines have been given more time to adjust references to taiwan, which china insists is part of the mainland. two of the planes have made changes to their website, while those who have received an extension include netted, continental, and ana. china is asking all carriers to reference -- modify references to taiwan. qatar is banning products from the countries that impose a diplomatic blockade, days before the first [indiscernible] ministry is r

i am haslinda o amin.di: as asia wakes up this tuesday morning, new zealand will get things under way, down about 1%. the kiwi-dollar, 69.40. if you look at this collapse in oil prices, it puts more pressure on these currencies. sydney futures, looking a little bit weaker. we've got the aussie dollar ahead of the546 china pmi numbers. s&p futures, a bit of a pickup as we resume trading in the u.s. , and the euro, continuing to get slammed with uncertainty over italy and the second failure to form a government. the 10-year yield on the italian bonds, looking like this, and a little bit of a pickup in the lira has we got a greater communication from the central bank in turkey. let's get more on what you should be watching. turmoil, ast the yvonne mentioned. italy is no stranger to political turmoil, but how is this going to play out for the euro? 2018 opened out with everybody very optimistic about european stocks. the economy seemed to be going well. the economy was going well. the ecb was going to be able

haslinda amin is in singapore with more. it's quite a turnaround. haslinda: it is.ferent message from 2017, when his opposition coalition campaigned on rolling back racial preferences. the malays form six he percent of the population. their vote is necessary for an election win -- they form 60% of racespulation to other would receive state-support. >> hopefully, yes. think realistically, we should also realize the malay belt, but we're a bit ambivalent and unsure about it. ad needing their support in multiracial, pluralistic -- which means we should be then be taking enough measures to try and reach them, which means assuring them that we are thegoing to ignore concerns, the security of the malays or the muslims. inda: does that mean the policy, the policy that favored the malays, will remain in place? >> to my thinking, it' sno. protectbrent -then their position of the malays in terms of giving opportunities. >> so, what will that intel? -- entail? will you be getting rid of the policy when you become prime minister? >> no. you see, our position is dismantle immigr

much, thank you so haslinda amin in kuala lumpur. let's get to first word news with courtney collins. >> first up, iran's leaders have dismissed the u.s. withdrawal from their pact. the ayatollah calling president trump's speech silly and superficial. said he was glad a pesky creature had left the agreement. they have warned iran against starting their nuclear program. pres. trump: i do not think they should do that. i would advise iran not to stop -- not to start their nuclear program. if they do, there will be very severe consequences. >> president trump says he will be at andrews air force base at 2:00 a.m. thursday eastern time to greet three american detainees freed from north korea. they are flying back with secretary of state mike pompeo. menpresident says the three seem to be in good health and pompeo had a good meeting with kim jong-un. a meeting with the north korean leader is now set. walmart shares slumped lower after buying flipkart. some analysts think the price is too high, and describe the short-term dilution of -- as

on haslinda amin. >> i'm david ingles.ging-market currencies, showing some signs of encouragement going into the last week of the month. we see a positive the dollar rally, but that mail change if the jobs data says that the fed might celebrate. how em currencies have had the biggest gains since march after those 10 year yield, , suggesting that em currencies could be at the mercy of u.s. rates. and the treasury yield curve is also in focus, robert kaplan told mike mckee that he is keeping a very close sky on it. >> every day i will be watching very carefully the shape of the yield curve and what the shape of the yield curve tells me is that there are prospects for future growth that are sluggish. i think it is worth paying attention and that is the reason i am's ring let's just keep it at three, i'm not looking to increase that. >> let's bring in our guest, who thinks tenure yields will ultimately be priced later in the year. he is the chief macro strategist for asia, good to have you with us. when exactly? >> that's the

haslinda amin is joining us from singapore. hey, has. , the white house says president trump will be -- will meet japan's prime minister ahead of the summit un.h i -- with kim jong the u.s. has sent a delegation to singapore to prepare for the summit and, another team is talking to kim's people. brazil's state-run oil company is suffering its worst rout in 20 years as a truck strikes wreaks havoc in latin america's largest economy. it's lost $34 million since the strike began last week. shortages of food and fuel have sehut businesses. the real led losses. and the stock market fell 4%. high sp is dropping a eed rail line. mohammed is canceling the project signed under his predecessor. he says that militia will have to pay penalties for axing the deal. the european commission is proposing a ban on some symbols used plastic products to cut the consumption. if approved by the e.u. government, the ban would apply to cutlery, plates and plastic food containers, and bottles. europe was to take the lead in a sustainable goods business worth $3 b

we have -- haslinda amin you have created a million jobs. that would be a success.st: that feels good and in terms of the ecosystem we providing jobs in the formal and informal sector. thatnk part of what drives growth is also the structure of indonesia and how we have leapfrogged toward mobile technology in such a powerful way. i feel like indonesia is not alone in this in the sense that there are large emerging markets that are making similar leaps toward mobile. that is the way that a lot of tech startups can arrive toward creating, every transaction going through mobile phone. the master division is the limiting the need for a wallet and eliminating the need to ever carry a wallet. as you go around your daily life. that is the aspiration. haslinda: you said before you need to innovate -- out-innovate everyone else. how do you stay ahead? assumea lot of people that innovation happens out of creative minds of individuals. innovation is an output that comes out of a process of collaboration and debate between people who behave like scientists and are open-minded an

i'm haslinda amin.les. when you look at currencies, the rupia one of the biggest losers. moody's says their home country is among the risk is when it comes to debts. have a look at our bloomberg. this is what comes up. india, indonesia among asia's most debt risky nations. enda curran will talk more about this. we're talking about thai foreign debt. enda: looking at foreign debt exposure compared to reserves. the broader point is one that's quite familiar in the markets now is that the increase in foreign debt over the last decade in particular, especially among companies in asia, dollar bonds and dollar loans will come home to roost. it's going to get more expensive, and that will put pressure on the economy. the the flipside to this -- companies are will hedged. in indonesia,. and that perhaps the risk is overblown but nonetheless, it is a clear warning sign. dave: it is a bit tricky, the situation that puts central banks in. you want to get ahead of the problem in indonesia. we just talked about a lo

let us go back to haslinda amin joining us from kuala lumpur. ceremony? it seems like it was a long time coming from what we have seen? haslinda:[laughter] it was definitely a long way, because mahathir wanted to be sworn in as soon as possible. it happen at 9:30 last night, because it was delayed several times, first at 9:30 a.m., then 5:00 in the afternoon, then 7 p.m.. so 9:30, there you have it. people will be talking about this for a long time, very few people saw this coming. mahathir is the seventh prime minister and prime minister for the second time in the country's history, going back more than 60 years. this is of course, the man who was pulled out of his retirement at age 92. you talked about how he made comments after being sworn in. one of the things he lamented about was inheriting messy finances. he said he is aware of a debt 10 banks amounting at $200 billion. he would like to reduce the debt as soon as possible. of course, this is an economy growing at 5%, the strongest in three years, so he has to ensure that momentum is kept

also take a look at what is going on in the first word news with haslinda amin from singapore. haslinda: italy remains without a government after the would be prime minister giuseppe conti failed with his choice of a eurosceptic finance minister. he withdrew saying he has done his best to form an administration. the prime minister rejected his choice of a veteran economist who has repeatedly called for italy to leave the eu and has criticized germany's dominance of europe. isna's island province taking steps to combat speculation in real estate. the campaign may go nationwide. they are banning the flipping of property and demanding down payments of as much as 70%. the restrictions were announced by president xi in april. china plans to boost the islands economy. international airlines have been given more time to adjust references to taiwan which china insists is part of the mainland. air lines that have made changes, while others have received extensions. china says that all 44 carriers have to modify their references to taiwan. opec and its independent allies aren't said to ha

i'm haslinda amin in singapore.de call center looking to harness the earning power of indonesia's 75 million motorcycles. then came an app. now go-jek's business covering ridng

i'm haslinda amin in singapore.t began as a crude call center looking to harness the earning power of indonesia's 75 million motorcycles. then came an app. now go-jek's business covers ridesharing, logistics, food, and fintech. 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. from a ridesharing app, it 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, so i think when i was in bu

i am haslinda amin in singapore.t fly much higher than nathan blecharczyk, the cofounder of airbnb, a billionaire several times over and still in his mid-30's. airbnb is listed in almost every single country on the planet, millions of them. a trailblazer of the sharing economy, nathan blecharczyk is today's high flyer. ♪ financially self-sufcit

i am haslinda amin. oomberg. ♪ yvonne: we are counting down to the open in sydney and tokyo. korea closed for today. let's bring in sophie to talk about japan. haslinda: looks like the golden week vibes continue for japan. we have tailwinds here. we have the jew -- u.s. jobs report boosting stocks on wall street, and we also have no angst time from the -- coming from the chinese-u.s. trade talks. looking at the set up this monday, we see a positive open when it comes to the set up. we have central bank watch starting off with the boj, and the decisions from new zealand, the philippines and malaysia. policy update comes on the heels of those elections. when it comes to specific themes to watch, smartphone producers may move after apple shares rose to a new high on warren buffett's news. we have chinese traded at tuesday along with australia's budget. yvonne: you say ahead of this budget we are seeing stocks from sydney seeming to be of the year to date losses, but you talk about banking shares weighed down

haslinda amin, chief correspondent for asia. later on daybreak australia, tensions are using, but u.s. and china will go head-to-head on a wide range of's subjects -- of subjects. haidi: jim carrey tells us how it is positioning itself for the treasury market with the key inflection points. this is bloomberg. ♪ this is bloomberg. ♪ good morning. i am betty liu in new york. haidi: i'm haidi lun, you are watching daybreak australia. as the debate rages on about the number of rate hikes, pimco says investor should not be concerned. treasury yields are topping out at 3.5% for them. pacificus is the asia head. let's start with where these yields are going. i want to throw out a chart from the gtv library say the economy can hold 3% yields. if you look at the lag between interest rates and levels of growth, there is still some room to run, if you look at the difference between nominal rates and actual interest rates. have we consolidated around 3%? >> i think we can go higher, and if you look at the big picture, we are a few steps alo

suggested this match, these affirmative action policies -- let's put this all into contact with haslinda aminas been quite a turnaround. haslinda: you are right. a different message from 2013 when his opposition coalition campaigned on rolling back racial preferences for ethnic malays. based on 60%, whose boat is necessary for the election wins, but he did make clear that despite what is called -- policy, other races would receive based on merit and need. you told me this exclusively in an interview at his home. just -- hopefully, yes. that sort of idea, [indiscernible] but i think realistically we should also realize the sensitivity. the malay belt rejected a law, andwe are a bit ambivalent unsure. but lending support in the market [indiscernible] and went to pass, which means we should be then thinking enough measures to try and reach them. them thats assuring we are not going to i think no or discard the -- know or discard the insecurities of the malays or the muslims. haslinda: does that mean the policy that favors the malays in a big way will remain in place? no.o my thinking, we will of

much, thank you so haslinda amin there with the 1mdb ceo. counting down to the market opens in hong kong and china. dave, what are you watching? david: a few things, we are coming off a 450 point top off the hang seng index, indicating a 50 point pop toward the open. futures pushing higher, 0.1%. hibor, we are up seven straight days. that is one to watch. oil is on the way up. if you look at crude, brent crude, that level is about 112. the halfway mark at $72. 0.4% higher in the korean market. xiaomi is the bigger ipo story. they may revisit that valuation. we did get the latest from the pboc, weakest since january. this is bloomberg. ♪ is is bloomberg. ♪ ♪ in the morning29 here in hong kong. i do admit, looking at victoria haber -- harbor, it looks more like dawn or dusk. pboc, weakest fixing on dollar china, going back to january this year. taiwan dollar getting hammered as well. we are watching for indonesia later, the ringgit as well as the malaysian decision tomorrow. hibor has been up every single day since april 13, despite higher rat

. >> that was jonathan larson speaking to bloomberg's haslinda amin in beverly hills. have a quick check of the latest business flash headlines. announcing plans to spin off its valuation and asset management business. the lender says it is targeting its mlc brand by the end of 2018. it warned of funding pressures in the second half. yvonne: cbs says it is making good -- cvs says it is making good on regulatory approval to aetna.urance company first-quarter estimates of $1.48 a share, beating estimates. this is bloomberg. ♪ mr. elliot, what's your wifi password? wifi? wifi's ordinary. basic. do i look basic? nope! which is why i have xfinity xfi. it's super fast and you can control every device in the house. [ child offscreen ] hey! let's basement. and thanks to these xfi pods, the signal reaches down here, too. so sophie, i have an xfi password, and it's "daditude". simple. easy. awesome. xfinity. the future of awesome. betty: 7:30 a.m. thursday on a soggy morning in the victoria harbor in hong kong. betty: 7:30 p.m. wednesday, pretty sunny in new york. a gorgeous day

that was the filipino central bank governor there speaking with our haslinda amin.ysia and was a rosso prepares to battle for a third term. why a win is not necessarily a done deal. fourth straight session. we are live from our asian headquarters here in hong kong. this is bloomberg. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. david: -- paul: north korea says u.s. sanctions are not the reason for its willingness to remove nuclear weapons from t peninsula. the west is misleading the public by characterizing those steps as a sign of weakness. accusing washington of trying to ramp up tensions between -- before a meeting between kim jong-un add donald trump. it will probably happen i