officials with hitachi say their state-of-the-art trains are faster and smarter. they say they can carry commuters at speeds of up to 201 kilometers per hour and they also say people will have more space on board. trains will connect london and other cities as part of the intercity express program initiated by the government. the car has a diesel engine so it can run on stretches that do not have electricity. people in the country who ride the rails have become familiar with japanese technology. hitachi's rail cars were widely used during the london olympics in 2012 taking visitors to the main venue. people came to appreciate the train's speed and punctuality. company executives are also eyeing markets beyond the uk. they're keen to challenge other leading manufacturers, including canada's bombardier and france's austin. >> i see in the future continued growth for the railway business. and i think hitachi's very well-placed to capture this both strengthen our position in europe, but also to expand our operation to other markets. >> reporter: they're putting more e

hitachi construction machinery up after gdp numbers out of china on tuesday. and the premier will be addressing the davos meeting in a key speech today. a lot of leaders gathering there. and let's get an idea on currencies as well. the dloi/ollar/yen at 118.29-32. it's a little higher against the yen but may hold in a range the euro is weak. any aggressive moves by the ecb should weaken the euro further. very quickly let's look at the asian indexes as well. the shanghai composite is up 1.87% following the plunge we saw on monday of over 7%. australia is also trading higher on hopes of further growth in china. that's all for now. >>> major japanese machinery construction makers are trying to offset a labor shortage by using information and communications technology, or ict. officials at komatsu have announced they'll introduce an ict system with machines supporting work at construction sites next month. they say an automatic flying robot or drone can survey a construction site in less than one hour. the same task would normally take humans a few months. constru

the japanese company hitachi is one. vinay chauhan says it's tedious to do business in india with myriad permits and corruption. but not so in gujarat, he says, where modi cut red tape and improved the infrastructure. >> one of the most important is power. we have uninterrupted power. these governments talk but don't do. in gujarat nobody talks it is just done. >> reporter: under modi's leadership, gujarat made land available for factories and redevelopment. one showcased project is riverfront park in gujarat's largest city, ahmedabad. luxury high rise homes are soon to follow. but not everyone is pleased with modi's approach. critics say it favors big business at the expense of the poor, including thousands who once lived in this gentrified area. the families living in this decrepit industrial location say they lived for years along the riverfront when all of a sudden they were abruptly displaced and moved here, given tiny plots of land and nothing more to restart their lives. >> ( translated ): we are just day laborers

shares of komatsu and hitachi construction machinery are lower as they reported weak earnings reports yesterday. on to currencies. traders are becoming cautious as oil prices continue to fall. they're buying what they see as safer assets like the japanese yen. and the dollar and the euro. both lower against the japanese currency. looking at some other markets in the asia pacific region, south korea's kospi trading lower this morning, down by .4%. let's see what's happening in australia. the benchmark index down as well. just a touch, though. down a tenth of a percent. we're seeing a pretty negative start to this part of the world this morning. i'll keep track of markets for you throughout the day. for now i'll leave you with a check on other markets. ♪ ♪ ♪ >>> every morning investors turn their attention to asia. the tokyo market leads the way. and markets around the world follow. >> from the decisions that could change the course of an economy. >> to the companies at the forefront of change. >> up-to-the-minute market reports. >> and analysis by specialists from around the world. >>

last month japanese electronics maker hitachi unveiled this security gate. just a touch of the hand is enough to verify your identity. and you can walk through without even stopping. the system quickly recognizes people based on vein patterns in their fingers. it's a highly accurate means of identification, but past systems needed too much time to process data. this one can verify 70 people in just one minute. a 3-d scanner pinpoints the location of the hand. at the same time infrared lights scans veins in the hand. the system works regardless of the position and shape of the hand. >> translator: the system recognizes people based on their fingers so it's extremely accurate. we believe it could be used at the gates at train stations. >> reporter: japan is a leader in the field of vein recognition, as well as other forms of biometric identification. last year the u.s. national institute of standards and technology named japanese company nec as the developer of the world's most outstanding facial recognition technology. the company developed a system that comp

one company, hitachi has even developed a scanner that identifies a person by the veins in their fingers. john blackstone, cbs news, los angeles. >> pelley: two big pet store chains have taken action after more than 1,000 dogs died possibly from tainted food. we'll tell you about it next. almost like lightning bolts, hot strikes into my feet. so my doctor prescribed lyrica. the pain has been reduced and i feel better than i did before. [ male announcer ] it's known that diabetes damages nerves. lyrica is fda-approved to treat diabetic nerve pain. lyrica is not for everyone. it may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. or, swelling trouble breathing, rash, hives, blisters, changes in eyesight, including blurry vision, muscle pain with fever tired feeling or skin sores from diabetes. common side effects are dizziness, sleepiness, weight gain and swelling of hands, legs and feet. don't drink alcohol while taking lyrica. don't drive or use machinery

loved ones will have to wait for justice hitachi seems confident there is a video of the crime, there is no one in custody for the murder. >> now two people are dead after a shoot out in san francisco today. it happened this afternoon at ingalss street. we believe one person died at the scene. two injured people showed up at the old clam house restaurant looking for help. sky 7 shows holes in the vehicle. you can see that there. you can see one person in that car died. abc7 >> police were out issuing speeding tickets on a road where a jogger was killed by suspected street racers the 18-year-old and 23-year-old face charges of vehicular manslaughter and reckless driving. police say they were going about 70 miles per hour on yerba buena road a 24-year-old was jogging there. one car hit her and pinned her against a tree. police are dropping off candles and flowers. the family is just devastated. >> she deserve this. she just went out for a jog. >> for those two guys that did this i hope you go to sleep knowing you killed an innocent person. but you'll pay for your family as well. >> the

loved ones will have to wait for justice hitachi seems confident there is a video of the crime, there is no one in custody for the murder. >> now two people are dead after a shoot out in san francisco today. it happened this afternoon at ingalss street. we believe one person died at the scene. two injured people showed up at the old clam house restaurant looking for help. sky 7 shows holes in the vehicle. you can see that there. you can see one person in that car died. abc7 >> police were out issuing speeding tickets on a road where a jogger was killed by suspected street racers the 18-year-old and 23-year-old face charges of vehicular manslaughter and reckless driving. police say they were going about 70 miles per hour on yerba buena road a 24-year-old was jogging there. one car hit her and pinned her against a tree. police are dropping off candles and flowers. the family is just devastated. >> she didn't deserve this. she just went out for a jog. >> for those two guys that did this i hope you go to sleep knowing you killed an innocent person. but you'll pay for your family as well.