portray between hong kong and the trade between hong kong and shanghai is soaring. we will talk about the winners and losers. tim. what are the implications across industries? is prettyit interesting. a couple of things with the take a look at. one is quite simply the discount or premium between a shares and eight shares. the stock eight shares are on the shanghai and eight shares are trading in hong kong. with contracts a premium discount -- we can track a premium and death count. as you can see of the top panel of this chart, we are at an a share discount which is close to being as extreme as it gets. quite often we will see it down to 5%-8% and it could go to a premium. that could possibly narrow if indeed there is a more interest globally, access globally for chinese mainland stocks. it is true if a investors have the ability to of stock.es like luxury goods and technology where there are hong kong listed shares that mainland investors could potentially be interested. there are number of interesting ways to look at this. fox also looking at -- >> also looking at

thanks a lot for that. >> the trading tie up between hong kong and shanghai sent the stocks of the hongxchanges soaring, but who were the other winners or losers? for more, we are joined by bloomberg industries head of asia-pacific research, tim craighead. beyond the market, what are the implications here? >> great question. it is interesting to look at how this might evolve. the discussion that is taking place between the two exchanges in shanghai and hong kong is looking at dual listed shares, as well as some other bellwethers. within that context, there are stocks that are a-shares on the shanghai exchange, h-shares on the hong kong exchange. you can look at the premium and discount between these two dual listed stocks. you can see on this chart you've arethat the a-shares trading cheap, if you will, at a discount to the h-shares. it is actually near a level that has been a historic bottom of 5%-8%. we could see that narrow if global investors, hong kong investors, take advantage of this over time to buy mainland shares. the other way to think about it, angie, what about mainland inv

he's a nice thank you very much having a conference in hong kong. well instead of tokyo where stocks are finally in between walking week last week which saw the nikkei average mark its biggest weekly loss in twenty eleven to get its money market sentiment open to daddy stayed pretty friend tell me the much needed directions a few times before closing session to overthrow point four percent to thirteen thousand nine hundred and ten points. this is the fashion though in six months. there was the bargain by large caps after last week's sides and cut losses to date technology and industrial stocks were mixed together can stop the shot humble reports from stratford new share issue and not propose a look at today's market action tell you which will live to your geek on. it was one of the standing by with auntie's house don't be taken away well willy was a choppy day of trade with the nikkei average and moving in emirates was hopping around thirteen thousand nine hundred and thirteen thousandnine hundred and ten it misses were rusting on the sidelines beca

the trading tie up between theghai and hong kong sent hong kong exchange soaring. winners or losers? we are joined by tim craighead. markets, what were the implications across the industries? >> it is pretty intriguing. it is good to be with you. as we have been discussing this across our team, there are a number of implications as we think about it. broadly, if you look at the a-shares that trade on the shanghai exchange versus the h-shares that trade on the hong kong exchange, it has recently been at the historical low discount. we could see this narrow if indeed this is viewed as an opportunity of mainland -- excuseto invest me, global investors to invest in the mainland. there are a lot of dynamics like that. reverse, it is also pretty intriguing to think about mainland investors thinking, what can they invest in going forward that they couldn't invest in before. a luxurys such as goods, technology, gaming, where listed stocks,e those are possibilities. we saw some reaction late last week. we have to see this develop over the next six months, but it could be ve

you can buy 200 of these hong kong mid-cap stocks.e've got nine of those in the neustar sportfolio -- the new starts portfolio. ipo'skind of like 200 new . a huge valuation discount. really work out why a do what they do. >> what about the discipline? all this liquidity flow coming into hong kong, what happens if there is a problem? that's why they had the joint announcement where it would be more or less a pilot scheme, six months to work in. a huged rather that than rush where everything is available all at once. it is more an all a cart many of them buffet. it is a nice, slowly conservative way to do it. i don't think that those liquidity numbers that i quoted before are that great, to be fully honest. they are not too great that they're going to cause much liquidity. >> looking at the shanghai composite, we are down a third straight in a row. these new ipos could take away capital from existing companies. what are your clients telling you? >> we are only buying h shares. at the liquidity in the shanghai, there is what we call the

arrived in hong kong and what will be on their agenda.yes i'm a happy international airport and get our debt within a year of many laps accurate if after the company i had to read it to happen next the national police chief character to have a riding crop. the dedication that they hope to meet your ticket to the chain and that they would offer an apology. i'm a twenty million dollars for compensation to families of the state to state that they will meet with officials on thursday and went back to london on friday. the major understand why raved over additional pension for on call right after the hockey team did a stint in twenty ten i'm calling it a convenient right more recently coined after a brief taste of action against it the day of official and diplomatic path of voters would now need to apply for peter to pay for the call. at the show would you do the whole head of the families responded to the delegations visit. now i've got no response on the many many years to write what he thought that the local planning a meeting with a plate.

hong kong and the philippines have strong economic ties. some one hundred and sixty thousand filipinos like in hong kong and my precious source of foreign currency at the same for the country. i economic growth rate is lagging behind its on cnet news and the country's main doing physical standoff. almost six months off the protesters began to monday's resignation of prime minister and the election a lot and this piece to be using them in a tent. but the sect is of the economy such as tourism and foreign investment have forty something that meets risky loans that was once owned by pass the details anti government protesters at one time had in the intersections of the thai capital. many of them have now shifted to look the part in the heart of bangkok pleasure of catching up. as he got up thinking that our businesses like this one st hotel in front of the park occupancy rates of less than thirty percent each arctic wind from the two to seventy percent of the hotel staff rooms facing the protest zones are off limits for safety reasons. what i

and shanghai king and in china life for the big losers in hong kong today. meanwhile the hang seng was also under pressure though not as badly as the china enterprise index that banks took a beating the big four banking pack fell sharply. investors also got rid of gambling stocks energy stocks the telco crown crashed by then a half percent while china's shen what tumbled nearly two and a half percent and now for a look at the final tally the hang seng dropped the hands of a percent while the china enterprise index tumbled nearly two percent or a hundred and ninety three points and bong surreal call from brokerages on standing to benefit from that cross border investment proposal the local exchange has got to be a big winner. well i know this from tnt parra bought and mizuho securities certainly think so jane fonda to upgrade tech shares to a buy on the expectation of increased trading revenue according to bnp each tx is daily average turnover could rise as much as nineteen percent. it may not investors use up the entire daily quota of ten point five billion

the only roughly seventeen thousand six hundred plots are projected to be completed in hong kong this year. over a hundred what does this mean for property developers. well quite clearly it means more supply and the kids but this surge in new homes along with the scenery is about governmental cooling measures which has already forced developers to cut prices by the way it isn't good news for developers margins developers are already offering steep discounts to attract buyers in one of the world's hottest property markets. ubs forecasts that profit margins in hong kong six major developers will fall from thirty six percent in twenty twelve to twenty percent in twenty fifteen but according to macquarie sun hung kai properties as a potential winner in this market since significant portions of its saleable units are aimed at mass market by tears or first time homebuyers who are exempt from the property cooling measures and that's the latest from hong kong back to you on twitter i will be keeping a close eye on reports from those developers over there in hong kong thank you very much so in

al jazeera, hong kong. signature korean investigators detained the remaining four crew members of a ferry that sank last week. all are now in custody. they are accused of negligence and failing to help passengers when the ferry started take okay water. 300 people are either dead or missing. the captain is accused of ordering passengers to stay in their rooms and taking half an hour to order an evacuation of the boat. >> chinese planes searching for the missing malaysian airline fright returned to perth. the crew were unable find any debris. eight military aircraft and 11 ships took place in the latest search for flight 370. the airliner was on its way to beijing when it disappeared 7 weeks ago. authorities in panama have burned more than nine tons of illegal drugs including cocaine, heroine and mayrijuana worth billions of dollars. it is often used as a transit point from drugs being smugged from south america to the u.s. >> hundreds of low-ranking soldiers have marched through the capital demanding better

hong kong and the peace. surely all kong shares continued to trade lower today following last week's losses. tech shares as you mentioned worth it. feeling the heat. among them was market heavyweights hand saying which is the key drag on the benchmark and saying and i was because investors are worried about the clampdown on online video that may effect and sends revenues in the future. other tech counters like software provider king soft pinky d internationals were also under pressure. i wasn't so so today we saw modest out we saw a band to join modest dean stadium is the earnings season. china construction bank shares reacting to first quarter earnings for the first time today the state owned lender posted a ten percent increase in net profit thanks to higher interest income and the incoming ended the day two tenths of a percent higher. meanwhile insurers were under pressure to but finally telecoms bucked the market trend in. the so serena i see the csu those who report on the numbers tomorrow when sally bag

the story is in hong kong. china shares falling. the mainland chinese companies listed down two percent. a very difficult week. , modestlyr index higher thanks to the hong kong exchanges. trade afterge -- the news that shanghai and hong kong will work together to quaff great in terms of corporate -- who operate in terms of investment. a standoff stock in an otherwise dismal market. $.10, the biggest internet company, a key mover. inflation numbers out of china maureen reed or two -- worrying. consumer prices in particular. this suggests to mistake demand is not where the government would like to see it. >> in hong kong. sincesdaq saw the most 2011. the tech selloff continues as the earning season gets underway. >> little love for tech on wall street right now. the nasdaq down over three percent. not just the nasdaq. the s&p down two percent. i have picked out three companies, three stocks. facebook, netflix come on google. they have all seen a heavy side of -- selloff. 26% off their high. google, 10% off their high. ncd steady fallo

two rituals that monday is his head painting by hong kong it's the speedy been dismissed and two dogs. he's a person to get a stitch or two some of the exhibits from the crackdown twenty five is a guy in the form of british colony of hong kong returned to chinese rule in nineteen ninety seven remains a freewheeling country's top is a new account with the tools aren't in the fourth set to depart from mainland china where all commemorations of times. last night and the china unveiled its bold a sense of economic and social reforms in nearly three decades relaxing its one child policy. as for the freeing up markets in order to put the world's second largest economy on a more stable footing the rush to see you rehabilitation center which opened the year two has been working hard to see seals suffering from climate change and pollution decent upgrade to the seaside resorts and beaches but it scared the crap that you can amuse the warm winter. what's new they are both going to do so we really respect to someone because he's managed to survive. he was tightly covered in oil byproducts and th

my two which was to accommodate his needs him painting by hong kong. it's the speedy but it isn't into adults. he's a person to get this itch to some of the exhibits from the crackdown twenty five years ago that the former british colony of hong kong returned to chinese rule in nineteen ninety seven but remains a freewheeling country's top is a new council to be tools point in the polls said to the pot from mainland china level commemorations of times. last night and the china unveiled its bold a sense of economic and social reforms in nearly three decades relaxing its one child policy. as for the freeing up markets in order to put the world's second largest economy on a more stable footing. you actually see rehabilitation since we checked into your code has been working hard to see seals suffering from climate change and pollution he sent the race to the seaside. it scared the crap that you can amuse the warm winter. what's new the availability of a film that it was all we really respect this animal because he's managed to survive. he was tightly cove

much too which was to accommodate the students getting ready to go painting by hong kong. he says he gave a distance and two dogs. he's a person to get to teach or to some of the exhibits from the crackdown twenty five is a guy in the form of british colony of hong kong returned to chinese rule in nineteen ninety seven but remains a freewheeling county's top is a new council to the tools aren't in the fourth set to depart from mainland china but all commemorations of times. last night and the china unveiled its bold a sense of economic and social reforms in nearly three decades relaxing its one child policy. but the fraying of markets in order to put the world's second largest economy on a more stable footing the new international news on one british dutch and danish fight to jackson being forced to scramble up to her impression that reactor from the sport is heading towards their respective s bases in that comes amid heightened tensions between the west and russia idea how to de escalate the crisis in ukraine. a spokesman for the u k's ministry of defence confirmed to the

years back in hong kong, and he did not do well?stricter or more stringent? nothing is easy in hong kong. do you not have a better way of doing that of your accessing u.s. markets? the peace of mind of knowing that they are investing in byething that is regulated the u.s.? >> with ali baba, it has been regulated. will find out more details when the file he becomes public, but one of the key tenets that causes them to list here is the partnership structure that they have been proposing, which is to have people to make decisions that shareholders approve. this is something that would be illegal by a hong kong standard because regulators do not allow or classes of shares with different voting powers or priorities, where in the u.s., we have seen this with companies like google. we have seen this with companies that have multiple classes of shares that it is ok in the u.s.. >> does that mean we will see more and more companies? comes to mind. structure choose the that is described, and there is a version, yes. these are global companies

we've got of course hong kong futures in the mix. see how they're doing competitive in the free market auction period. futures indicating perhaps a flat start to the trading day there. next, the philippines central bank signaling a tighter monetary policy. coming up after this very short break. were we're going to be in a stronger position to deter mr. putin when he sees that the world is unified and the united states and europe is unified rather than this is just a u.s. -russian conflict. >> that's going to obviously come pretty soon. monday for the u.s. >> but we had these eight captured european monitors. >> that's right. one has been released. he was the swede. they have four germans, a pole, dane, and check. he was released due to medical conditions. he had a diabetes problem. nothing huge but a mild one enough for them to release him. actually the head of the german forehas been -- they were branded as spies. he said we're not prisoners of war. you can see currently. the released swedish prisoner. it is from the organization fo

hong kong is closed for easter monday. mainland china is open for business. is down by two thirds of one percent. australia and new zealand and hong kong are closed. the rest are open. china is opening right now. what is the opening gambit for china? every single industry group is down, health care, consumer services, these are the big decliners. complete opposite situation in japan, all green. financials, for example, some of the big gainers, insurance. nine banks rising, not one is declining. the japanese authorities looking to loosen restrictions on lending. financial services, big gainers amongst the japanese financial community. loosening restrictions on lending in japan, according to reports. these are examples of stocks that are clearly gaining in japan. the wiki and comment -- the weak yen, there it is. because of the trade figures coming out and record deficit for the month of march, exports weaker than forecast. that is a concern for abenomics. , forecasting its figures, under than forecast revenue. like-minded rivals, mitsubishi motors up by 3.5%.

this allowed mainland investors to trade a limited number of hong kong listed shares while hong kong investors can buy selected shanghai listed stocks. this news boosted financial shares in shanghai. investors were hopeful the program will attract more capital inflows into both markets and the shanghai composite. hitting a seven-week high today up 1.4% roughly, 2,134. the strength in chinese stocks pushed others higher today. the nikkei average ended flat, though, at 14,300. reversing earlier gains. a firmer yen weighed on overall sentiment. automakers were hit pretty hard. meanwhile, nonferrous metals were in demand following up beat earnings by a u.s. aluminum giant. in jakarta the main index closed lower by more than 3%. 4,756. investors wary of possible uncertainties in the country's politics due to the expected outcome of the parliamentary elections on wednesday. >>> china exports fell last month for the second month in a row. that's raising concerns about the future of the world's second largest economy. officials at china's customs agency announced that exports in march were a

i'm amy goodman. 10 months ago, laura poitras and glenn greenwald flew from new york to hong kong to meet nsa whistleblower edward snowden. since then, there've published a trove of stories exposing the nsa and the national surveillance state. poitras and greenwald did not return to the united states until this past friday when they flew from berlin to new york to accept the george polk award for national security reporting. they flew and not knowing if they would be detained or subpoenaed by the u.s. government. in january, the director of national intelligence james clapper described analysts working on the nsa story as a compass is." in february, mike rogers, chair of the house intelligence committee, accused glenn greenwald of selling stolen goods are reporting stories on the nsa documents. greenwald and poitras were accompanied by an aclu attorney,

the hang seng in hong kong did decline day lower by 1.4%, 22,133. investors took advantage of the rally on tuesday. banks came in for heavy selling after one of china's biggest banks said its first quarter profit grew at the slowest pace in five years. in the philippines stocks there were up today just over 1%. 6,707. manila electric, the country's biggest utility, continued to lead the gainers after the company reported strong earnings. >>> and here in tokyo the nikkei average finished higher just a tenth of a percent, 14,304. tokyo stocks opened higher but the boj decision to maintain its current monetary policy did slow the momentum a bit. >>> now, one sign that japan's economy might be improving is a rise in march in industrial output. it's the first increase in two months. this news mainly comes off the back of a recovery in auto production. officials at the economy ministry thought they'd see a big turnaround from february when industrialout put dropped by more than 2%. in march, though, factories churned out 0.3% more. one big factor in the i

storm warning as well as the thunderstorm advice has boosted by the cross of western japan mina to hong kong still looking quite messy but it was the extent that spring high pressure dominates much of the nation bringing dry and calm conditions eighteen degrees here in a tokyo with christopher and nine on twenty two has been teaching and in seoul korea that could of went and bought them in full bloom and the cooking and thirty six degrees to indochina peninsula and the eastern indiana sleeping outside temperatures rising to two cookies don't temperatures are soaring in the forties across burma and in india hundred and twenty gb for making forty two on your thirst acer think the time carried it across america at the pathetic story with her bringing the wet conditions the coastal areas and that's likely to plant where the topic is going to be a blessing for the city or town area but heavy snow block area would be about sixty centimeters of fresh snow. another area with blizzard conditions is in the western great lakes region with blizzard warning still in place in the dakotas and minnesota and

i am angie lau here in hong kong and streaming on your mobile and bloomberg.com. world's biggest democracy begins the mammoth task of selecting a new government today. they have more than 800 million eligible voters. the size of the poll means it will take five weeks to complete. let's look at some of the big numbers involved. ♪ eckerts bring in zeb with the issues and the front runners as well. there are two men running and one will leave with the top prize. >> this is an election that will likely to make history. the congress party, the prime minister's party, the incumbent party which has been in charge or the last decade. it has seen its popularity eroded in recent years. economic problems, including asia's fastest inflation. and subdued growth. who is the challenger? 63 years old and leader of the bjp party. right now, you see russell gandhi, who is there to take the reins. we will get into each of these individuals in just a moment. first, what is the state of this election? first, the economy. that is a huge issue. you also have a huge number of young voter

the collection of masterpieces by her into our account sam and laura hall featuring a preview in hong kong. morning was two days of this exceptional quality didn't appear on the auction market very often. what's doubly excited about this painting is the fact that it's being hidden from view for nearly eight years old by the present editor in nineteen thirty and not seen since. three of the race continues while in the sparring it is depicting his card and france are part of the collection from the estate of william andrews clark america's richest and the turn of the twentieth century the haunting works of art can only conclude that those invited into the apartments of clark's daughter and amateur artists can pop them in nineteen thirty. there's three more masterpieces by french impressionist care of his trademark from the carcass date for auction for doris day. i don't play is a dire need of t five million years dollars present a most valued at five point five million dollars and is great he is a lot older now is worth fifteen million us dollars for seasoned pro highlights of the screen you

today, there are 100 art galleries in hong kong.kong's global reputation as asia's art center is well established. aljazeera, hong kong. >> and coming up all new tonight at 11:00 eastern time. a devastating computer virus, making passwords and other sensitive data easy to steal. and what you can do to protect yourself. and plus, the author of the book turned movie, the perfect storm. my conversation with sebastian younger about the humanity of people caught up in the war. those stories and more tonight. 11:00 eastern and 8:00 pacific time. an image that caught our attentioned it, bat kid is back, and stars in tonight's freeze frame. miles scott, making his way to the mobbed with pitcher, matt caine, through out the first pitch in the opening day. >> techknow our experts take you beyond the lab >> there's about five million points of data >> and explore the technology changing our world. only on al jazeera america conservansy >> on "america tonight" - infatuated and in consolable. the blade runner. final morifying moments of his -- h

of chinese porcelain on the planet has sold for thirty six million us dollars so these auction in hong kong to the new world record for any piece of chinese porcelain ever sold these chicken cups were first created in the tango of rain in the fifteenth century the last couple offered for sale with the nineteen ninety nine and it is an established a record for any chinese work of art that cup soldier talks and is one of only four taking top remaining in private hands. it has gone to extraordinary good home. i'm in shanghai. the collection of mr du chien who hasn't the very famous museum was opened recently that the digital museum. and it will be when it returns the committee jamie and chicken cup and the whole time. he still has snow this week. they hugged and divine a jade necklace acquired by the cardiac ct stamps the world record for any gti title seventh and doubled its estimate of twenty seven point four four million us dollars after a fierce twenty minutes of bidding. i think that you think that the moods of being on call at this moment in asia is going to be seen in this entire week i

it's happening in over a hundred times and even in cities all around the world and i'm in hong kong it's by the high prices the tape. so it's a good chance that on top of the crew the participants are students were about to take crucial incentives. because the theme. i think it did again but it got people to argue that the man was arrested at the top of all the teeth are still the upcoming stint. ops teams yesterday jake and i did the job. we want to adopt when there were flights concluded without any serious injury his part . you can not to ruin the morning society but we wanted to find out how different the two state fields towards compassion at the end of life although laws in place of patients with the terrible diseases can manage it with peanuts or six beans resistance by medical staff of implementing the laws which is comforting for machining last days with her late father so she decided to do something about it for others and started the petition that will one day hopefully become a new israeli law. i am fighting for a base in the name of my late father who was great that on the k

add hong kong flights operated by cathay pacific airlines.r airport group has expanded the network of largest terminal with seven new long-haul routes in the past 12 months. supplieriggest pork and its owners are seeking as much as $5.3 billion from an ipo. the ipo the chinese company will be the biggest of a hong kong company since 2010. they bought smithfield foods in september in the biggest chinese purchase of a u.s. firm. the time in london is 16 minutes past 7:00. .lways good to see you, paul what changed since the last time we spoke? >> better everywhere. the last four quarters have gone from one percent, two percent from a three percent, eight percent. a marked improvement in growth. the highlight is the u.k., 14%. the desk being growth in six years. -- the vest bank growth in six the -- the vest dane -- best growth in six years. see growth inn we finance. there are no businesses across the u.k. that say they went to hire more people. finance business was up 21%. >> we spoke to somebody early this week. a survey of finance directors.

salamat.ot -- rishaad we are live in hong kong, and this is "on the move." and indian rival taking control from japan. concession to the protesters in taipei, but students still occupy the legislative chamber. five weeks of voting begins today as hundreds of millions of people choose a new government in india. those elections kickoff. aat better way to launch with $4 billion deal in the generic drugs industry. john is here with the details. we are talking about ranbaxy. that's right. clearly, shares were rising in that region, but sun pharma agreed to by ranbaxy at $4.1 billion. here,sting, the movement the japanese company owning a large part of ranbaxy. >> it is a done deal essentially? >> yes. in 2008, the company bought ranbaxy for for for $1 billion. with u.s.ssues authorities. it has been a problem child. ranbaxy, for plans that didn't pass muster with the u.s. authorities. >> the fda, the food and drug administration in the states, ranbaxy had to recall some batches of its generic cholesterol-lowering drugs. that is a concern clearly. it is not good f

. >> his family left china for hong kong. soon after his father died of due birk losses.15, li was working full time in a plastics factory. he's now 85 the chairman of the investment giant and the multinatural conglomerate. as much as anyone, li is responsible for lifting hong kong to the top echelon of global business and financial hubbs. >> he has built what can only be described as an empire in asia. >> you're talking about shipping interests, real estate, a massive real estate investment company, telecommunication, health and beauty products. >> it's considered that 15% of the cap of hong kong stock exchange basically falls under this one man. >> powerful, industrious, an investor with a trader's guts, "forbes" ranks him as the richest man in asia worth nearly $34 billion. >> he has basically been the iconic investing name. he's like the warren buffett of asia. >> like warren buffett, li ka-shing prefers to live modestly. >> he doesn't want to flaunt his wealth and doesn't want to be considered a massive mogul. >> still there's no denies his vast impact through the bi

it wasn't true back in the early days of hong kong. there were all kinds of very grave question marks hanging over the source, the material, the legal liability, the political reaction. i am so happy that i was part of it. and many of the reporters and staff, but leading the list is stuart miller and janine gibson who really never flinched . not only allowing us, but encouraging us to pursue the story as for leslie and aggressively as possible. i really believe the reporting could not have happened the way i thought it should have happened had it not been for the "the guardian." i consider them an integral part of this award. just one final point which is kong,hen we were in hong we spent a great deal of time talking about surveillance policies and the documents and the like, but we spent at least as much time if not more so talking about issues of media and journalism. in part that was new -- because we knew how the media treated the story was a major impact of the story and partly because the debate we hoped to trigger was not just o

we are joined from hong kong with that story. good morning. >> good morning. fellmeasure of new credit and aggregate financing came in at $330 billion. at 160 $9ng in billion in the month of march and the money supply raised. estimates.low policymakers are trying to rein in a credit range and prevent defaults from spurring broader financial volatility. they are targeting economic expansion at 7.5% this year. atre are more released notes -- on these figures. money and credit data is in line with slower growth momentum and they are maintaining that you that the gdp will grow at 7.3% in the first quarter. tomorrow, that is the big piece of data we will watch. the government will have to ease policy further, particularly on the monetary side. that is something that the government has shown intent on doing. ratio said reserve grow in theply will second and third quarters. reported onal bank foreign reserves. how did they look? >> it is an and port number. it is the largest. 2.3 from 2.8 at the end of december. how do you interpret this if you look at these figures?

this is live radar from the hong kong observatory.d today but we have seen showers rolling through. now getting into the wet season here so we'll see thunderstorms bubbling up through the afternoon. look at this, 238 millimeters since saturday. about nine inches there and monthly averages only 82 so more than january, february, and march combined, very heavy rain in just a couple of days. it will take a while to recover from that. there you see still some storms rolling through, just not as heavy for today and the next couple days. you can see this disturbance pushing out towards the east china sea and heading up towards japan. something to check in with you here, this would likely be for next week, an area of low pressure with a low chance of developing now but there are the philippines there. computer model forecast pushing this towards the philippines. so something to keep an eye on here. now, in the u.s. we have one storm that has departed, another one in the midwest and then this one moving through the western part of the country

we have the latest manufacturing data from hong kong. twitter wraps up its efforts in social tv and airline hide has the details on its new acquisition. -- caroline hyde has the details on its new acquisition. interviews coming on bloomberg. we will speak with the ceo of heathrow airport. he will look at heathrow's place in the u.k. economy. that is during the next hour of the program. then on "the pulse," there will be a an exclusive interview with -- formerminister prime minister agrees. finance ministers in athens are likely to sign off on the next package of aid to greece so the country can avoid default. david tweed caught up with the finance minister yannis stournas this week. will greece need more money after the charge that is being discussed today? >> this is a subject which has been discussed in great detail. greece has still got problems. the economy contracted last year by 3.7%. this year, economists are mixed in the outlook whether it will be a further contraction or whether the economy might actually return to growth. there

in hong kong. it would have been the largest the city has seen in a long time.'t want to sell shares at the low end of the range. had offered shares near the bottom end. that was the range according to people familiar with the matter. sources say that the group wouldn't accept the valuation of the low 16.5 times. it does not clear whether the plug is completely pulled or whether it would be assessed later on. yeah. how have the hong kong ipos been doing this year? is there concern? is it warranted? there has been concern over the past month or two. when you look at the data come at companies that had gone public in hong kong as you have fallen on average six percent. the best performer on your nics.n is perfect optro this was a big one. it made it public debut back in january. it is a nightclub operator. it operates the best places to hang out if you're up for it. on the day went public, it was look at whereke a does not. off 42% or so since it has gone public. not a good ride for that one. many companies are looking to tap into the public markets. let's wait fo

no one used it in a for or hong kong, who i talk to.aid they preferred a version of twitter -- of japan all these mobile messaging services homegrown in asia they on thestronger hold market than twitter at all. i want to bring in cory johnson. interesting to see the lack of people using twitter in asia. >> twitter is banned in china. really takes away any possibility in that market next door that market. that is the whole thing about a social network. the notion of network effects is so important. it is important for a new york stock exchange and ebay. there is a parallelthat is the a social alternative that happens in china where the they want works hard to encourage this and make it difficult for them to do business in that country. they want to encourage his -- encourage one of of. >> it is interesting to compare the number of users twitter has. it shows you yes, there is this opportunity. at the same time, there are also doubts about twitter's growth and potential. let's bring out some of the users. what's at, brought by faith -- bo

a new museum just opened in hong kong commemorating the 1989 tiananmen square massacre. while it gives a rare look into a very important bit of history, some say they are just ready to move on. al jazeera's dibi dibia goplin reports >> reporter: the document 25 years ago, the museum is declared open. >> it's designed as a maze and takes the visitor through the events leading up to the june 4th crackdown in which stud tents were killed. 75 square meters, it's one of the smallest museums around but organizers expect it to have a big impact. we are targeting the younger generation born after the june 4th massacre so they can come and experience what we have experienced at that time, the shock, the despair and, also, the hope at that time brought about by the movement >> the group behind the mudzem is made up of lawmakers and pro-democracy activists. they formed in 1989 to help fund the students democracy movement >> interactive images, they hope to educate mainland tourists. there were 41 million visitors. mainlanders are unaware of the crackdown because all reference to it

joins us fromes hong kong. stock markets are gaining on similar speculation.d to keep growth at around 7.5%. any sign they will miss that target is going to prompt they will open the taps of it. this is the state managed economy that has the ability to do it pretty easily. that is why we are seeing some of the gains today. >> what do the numbers tell us about what is happening in the chinese economy? is the headline number a fair reflection of reality on the ground? good question. there has been speculation that these numbers are cooked, to a certain degree. they are overly optimistic, particular given the slowdown we are seeing in the property markets. nook instruction fell 25%, the value of property sales was down. that has been a driver of property since growth has taken off. there is speculation about that. if you look at the quarter on headlineumbers, the number is annualized. but the pace seems to have slowed more sharply. it remains to be seen how grave the situation is and what authorities will do about it. >> is this likely to be the bottom or are the

hong kong time. quickly let's check in. the dollar-yen. here you go.hat little trend line coming in here as far as going back to april is concerned. we are seeing a little bit of strength here as far as the japanese is concerned. here we go. year to date chart. 88, 14 and we're still seeing sterling 167. that's the year to date chart. and just to know you that two-year chart. there we go. we're still fairly elevated level. 1.68 there you go. so those are the stories driving your markets this sunday morning. >> all right. other stories. another four crew members from the korean ferry have been detained now. meaning that all 15 of those involved in navigating the vessel are now in custody. 11 other crew members including the captain had already been formally arrested accused of negligence and of abandoning people in need. there are also reports that the ferry was loaded with far more cargo than it could safely carry. and south korea's prime minister has resigned now over the disaster that's left more than 300 people dead or missing. executive power is la

hong kong's hang sang index declined finishing at 22, 223. investors still not convinced about the health of the banking sector in mainland china despite some major state banks releasing higher than expected profits. >>> investors have worried for years that property market in china is a bubble. that's about to pop. they credit home prices and the pace of construction. the latest economic data shows the market is, indeed, losing steam. government researchers looked at residential properties in more than 100 cities. they found the average price of land in the first quarter rose 2.1% from the previous three months. it was the first slowdown in nearly two years. >>> analysts are trying to figure out what this all means over the longer term. kevin li is the deputy head of regional economics of capital markets in hong kong and spoke earlier about what's happening now and also what's ahead. >> well, i think the thing is to not seem to add up to the real picture. some other evidence is actually telling me that there has been more selling pressure in

and in hong kong the hang seng index shedding 0.6%, 22,377. market heavy wet tenset holdings posted a sharp loss. the drop in the chinese internet giant dragged down the index. meanwhile jakarta is higher today ahead of the country's general election on wednesday. the benchmark has closed up 1.3%, 4,921. now investors put their money back in to the indonesian market on hopes that a change in the country's political landscape will help to stimulate the economy. >>> japanese and u.s. trade negotiators are trying to iron out some of their differences. they've been struggling to reach a deal in the talks on the transpacific partnership but they have to bridge gaps on farm products. deputy chief negotiator and acting deputy u.s. trade representative wendy cutler are meeting in tokyo. they're trying to resolve differences over tariffs for beef and park. the americans are insisting that the japanese cut sharifs sharply. japanese prime minister shinzo abe will host u.s. president barack obama at a summit later on this month in tokyo. and negotiators o

a freak storm caused chaos in hong kong last night. this is a mall. it's pouring inside. there you go. after hail shattered the glass roof the escalator looked like a river. this was the worst storm in hong kong this year. >>> as if you needed another reason to visit las vegas. >> this thing brings a whole new meaning to the term high roller. ,,,,,,,, whoa, what's that? umm...a flatizza. it's new from subway. what's a flatizza? tom, i'm patching you in. the latest invention from subway, the new flatizza. crispy flatbread loaded with mozzarella. now get 2 for $5. subway eat fresh. directions to the nearest subway. reinvented the wheel. there's a new way to get a bird's >>> you might say las vegas just reinvented the wheel. >> the only way vegas can. there's a new way to get a bird's eye view of sin city and look at it. the high roller wheel opened today on the vegas strip billed as the world's tallest ferris wheel, 550 feet high. riders take a spin in their own private gondola. the trip takes about a half an hour. ticket prices range from 25 bucks to 60 bucks if you want t

hong kong's hang seng index fell a quarter percent to 22,510. investors were cautious ahead of a week-long -- long weekend, i should say, in mainland markets. also profit taking was evident there following a more than 3% rise in the index over the previous five sessions. and jakarta, the main index there closing out the day lower by 0.7%. 4,857. the index did face a bit of selling pressure after it closed at a 10-month high on thursday. market players thought that indonesian shares are becoming a bit overvalued, as the index has risen 14% since the start of the year. >>> china announced this week economic policies to spur growth. the government has acted for the first time this year, and the move follows a series of data that point to weak economic activity. leaders have come up with three core measures. more investment for one into railroads. more support for redeveloping rundown urban areas. and also tax breaks for smaller enterprises. for more on china's economic policies aye uchida spoke with steven xung in hong kong from shk private. >> the

hong kong's hang seng index posted a three-week high. the shanghai composite gaining 0.7% to finish at 2,047. it rebounded from a four-day losing streak. investors bought a wide range of shares there. meanwhile, indonesia closed higher by 2.25% just about. investors encouraged by upbeat economic data out of the country. the trade balance swing back to a surplus in february. also, inflation eased more than expected in the same month. here in tokyo the nikkei average ended down.25% finishing 14,791 in a pretty choppy trading session. it also snapped a four-day rally. investors were a bit wary of the weak outlook among japanese companies as shown in the tankan survey. >>> okay that is going to do it for biz this hour. i'll leave you with the markets. >>> russian leaders are demonstrating their grip on crimea. prime minister dmitry medvedev flew in to the central city of simferopol. it was his first visit since russia annexed the region. medvedev and members of his cabinet met with crimean lawmakers and other officials to discuss plans for e

it will sell 3.6 billion shares priced between 8 and 11 hong kong dollars. formally known as shanghui international -- wh group bought out u.s. pork producer smithfield foods last may. it was the largest ever acquistition of a u.s. company by a china based brand. checking the pulse of device maker stocks..shares of medtronic fell 1% after a court called for a temporary halt of sales of its heart valve replacement system. the court ruled medtronic's "corevalve" infringed on rival... edward lifesciences' "transcatheter" heart valve patents. edwards lifescience stock--- shot up 11%. medtronic will be given 7 days to appeal before the halt begins. lexicon pharma gets a boost. the company's stock spiked as much as 25% yesterday before closing down 3%. that's after an experimental type one diabetes drug reduced patients' need for insulin at meal times. the drug delays glucose absorbtion in the digestive tract. patients saw insulin intake drop by 32% versus 6% from patients who'd been given a placebo. fedex is the center of an investigation following a collision be

welcome to "first up<'coming to you from hong kong. appeared tochitect be at odds over the strength of the economic rebound. wassurprising data which the bank of japan may be overly optimistic. the government is a bit more pessimistic. is the difference between expectations as well as reality. is expectation of the market that it will deliver on job growth as well as inflation. the boj-two percent inflation target. the numbers show that both sides are not necessarily narrowing the gap. the government is a little more pessimistic. headed towards that price stability, wage growth, as well as inflation. course, this measures growth. this is the first time this has shown such a stark difference. the cabinet is less optimistic. said this the survey confirms the boj policy is working. >> the measures are little different. japan look at of this with different formulas. >> that may explain part of this. we need to take that into consideration. methodology is different. the boj measure data on the labor market. the output gap is difficult to me

a freak storm caused chaos in hong kong last night. this is a mall. it's pouring inside.l shattered the glass roof the escalator looked like a river. this was the worst storm in hong kong this year. >>> as if you needed another reason to visit las vegas. you have time to shop for car insurance today? yeah. i heard about progressive's "name your price" tool? i guess you can tell them how much you want to pay and it gives you a range of options to choose from. huh? i'm looking at it right now. oh, yeah? yeah. what's the... guest room situation? the "name your price" tool, making the world a little more progressive. reinvented the wheel. there's a new way to get a bird' >>> you might say las vegas just reinvented the wheel. >> the only way vegas can. there's a new way to get a bird's eye view of sin city and look at it. the high roller wheel opened today on the vegas strip billed as the world's tallest ferris wheel, 550 feet high. riders take a spin in their own private gondola. the trip takes about a half an hour. ticket prices range from 25 bucks to 60 bucks if you want to