china is a continental power in asia. japan is a maritime power with a strong alliance with the united states across the pacific. korea is in between these two powers. we have seen the sino japanese war erupting 120 years ago, and korea was devastated between the two powers colliding against each other. we have experienced the korean war started by north korea, but china sent in forces and made a military intervention during the korean war. japan was not directly involved in the korean war, but japan gave area support to the united states so that they can exercise military operation in south korea against north korea and china. again, in the korean war, giant china and japan were standing -- china and japan were standing on the other side. chinese has risen. japan is trying to research the national prestige and power. so in the 21st century, we are witnessing another trend of sino japanese rivalry in the region. in politics as i have experienced, rivalry is not always a bad thing. two rivals could end of being in the prese

china is a continental power in asia. apan is a maritime power with strong alliance with the united states across the pacific. korea is in between these two powers. we have seen the sino japanese war erupting 120 years ago, and korea was devastated between the two powers colliding against each other. we have experienced the korean war started by north korea, but china sent in forces and made a military intervention during the korean war. japan was not directly involved in the korean war, but japan gave area support to the united states so that they can exercise military operation in south korea against north korea and china. again, in the korean war, giant dust china and japan were standing -- china and japan were standing on the other side. has risen. japan is trying to research the national prestige and power. so in the 21st century, we are trend of sinother japanese rivalry in the region. in politics as i have experienced, rivalry is not always a bad thing. end of being in the present, indicates the case of korea. the f

let's check in on trading under way in asia. , confused with the clint eastwood movies. this is a chain of american-style steak houses in japan. up about 3.1%. >> diluting the current value. all right, chugai pharma. big downside today. >> we are basically back to levels before this talk of the deal became public. we know now that roche is siding against bidding for the company. according to the management, chugai's management said, we don't like it. shares are back more or less. >> investors are saying, we don't like it either. david and john, thanks so much for that. that is the verdict on the stock exchange. thanks, and thank you for joining us. "on the move" coming up next. >> gr morning everybody. we are live in hong kong, you re watching "on the move." >> vast stretch of the global futures market is frozen. a technical glitch of the c.m.e. and dollar surging against its peers and not a citizen, not a problem. the politics of influence. and foreign exchanges with the

the second strongest in asia over the past year. d enough, then bring in the seven percent sales tax, so whatever it is you are looking at, it is more expensive in singapore than, say, in hong kong, where we do not have any sales tax, so no surprise, sales in singapore are falling. i want to show you the bar chart. look at how the retail sector has been suffering, sales down as much as four percent. you talked about visitors from china. they dropped. fewer tourists over at period of five months through may. they traditionally count for half of the spending by terrorists, and the chinese clampdown on corruption not helping. it, theever you look at outlook is grim. it is tremendous competition from its neighbors, the likes of malaysia, thailand, and singapore may have had an edge before, like five to 10 years had things not seen elsewhere, but that is no longer the case. you can get them, and you can get them cheaper. singapore seo, isn't that what it is called? it stands to reason that some of these stores and brands are pulling out a

a live look outside our head office here in asia. 0 minutes away from the open of trading in japan, south korea, and australia. you are watching "first up." malaysia airlines to resume trading as the struggling carrier prepares to go private. the battle for the bottle. treasury wine receives a competing bid. a clash of cultures. where it all went wrong for tesla and toyota. good morning to you. i am angie lau. malaysia airlines resumed trading today after announcing a buyback plan. the financially ailing carrier faces painful steps to reverse three years of consecutive losses. let's get more from our southeast asia correspondent haslinda amin. it is an enormous task, isn't it? way, the and by the stock starts trading at 9:00 local time. this is a carrier that suffered a huge blow to its image. it will be a mammoth challenge to revamp operations. take $430aid, it will million to buy back shares, take it private. after that, the painful steps. work.eal changes will not it requires an overhaul. details will be known before the end of the

our biggest business in asia. n direct investment has slid down on the back of the political instability. as soon as the political situation in thailand has stabilized, i think that economy wouldgain pick up, which say that our whole asian footprint would be firing again. we have a very good business there and it has performed very well historically. you said that it is firing. >> thailand delivered another very good year, but we have not delivered the growth in thailand we would have liked because of the political instability. but that will come back. >> let's talk about your company's outlook in the u.s. we are seeing a pickup in growth they're -- there. how are you calling that one? >> what i do is contrast australia with the united states. australia has historically had competitive energy prices. our labor flexibility is a bit constrained. you jump to the u.s., energy prices are at low levels. there is plenty of labor around. we are seeing the buildings, -- big buildings, industrial buildings that would have be

the first vision -- in the sinjar mountain range are fewer than five. the first visit to asia in 20 years. pope francis visits south korea, home to a growing catholic community. we're going to start this addition with gaza stories. israeli jets have bombed a number of targets in gaza, a response, they said come to rocket fire. the missiles flew just before the extension of a cease-fire of five more days. talks on finding a solution continue. israel wants gaza disarmed, on wednesday, hamas said that was not an option. for hamas, israel has to lift the blockade on the enclave. >> no final agreement but a five day extension. as the previous 72-hour deadline came to an end, hamas and israel prolong the truce to continue negotiations. >> we agreed on most of the points. some of the details. points here, points there. some related to security and some to construction and lifting of the embargo. we do not wish to go into anymore detail. >> during the negotiations, the key palestinian demands have included the lifting of an eight year long blockade on the strip and the release of thou

some of the emerging markets here in asia have done well. we saw some of that market doing well in the last six months or so. the big question investors have asked themselves is the met introduce favor in favor of the chinese stock market? well while the chinese sfock market has held up well despite some of the recent core data, the question is, can this be sustained? i have doubts. in the next few months, i think it will go higher. the question is, what else? >> it is a good question to ask and think about for investors. what else should investors think about? we have a fairly robust eco data ahead of us here. we have china trade from japan, india, china, australia. what should we all be thinking . out here >> you know what's occupying our minds now is the u.s. policy. i think the chinese government resolving to keep it at a certain percentage. i think in the next six to nine months, the markets are going to keep a close eye on what the federal reserve is going to do. yes we have some policy meetings in asia but i think a lot of policymakers

with one of the highest birth rates in asia, some there are hoping that the recent passage of a controversial reproductive health act will slow population growth. special correspondent mark litke reports. >> reporter: it's 8:00 a.m. at the jose favella hospital in the philippine capital, manila. in the past 12 hours there have been about 40 births, a fairly average night for one of the world's busiest maternity wards. >> as you can see, there's more patients than there are resources for them. >> reporter: dr. silvia de la paz, the chief obstetrician here, says they manage the crush as best they can, often putting two beds together as a tandem bed for four mothers and four newborns. and from these overcrowded hospital wards, out into the teeming slums of the city, it's easy to see this country is in the midst of a population explosion, what some are calling a crisis. the philippines today has one of the highest birth rates in asia with a population that has more than doubled over the last three decades from 45 million to 100 million. once the mothers and their newborns leave the maternity hosp

in b beijing, article e e goes up. what is the alliance wide view of asia? perhaps even starting with the summit? nato members participated in the exercises. that is a really important step. i think the other way nato messages this is a partnership. that will come out next week in the summit. it will not only be partners like japan, australia and the asia-pacific theater, but it is working with nato partners in the middle east. in 2011 certainly true with the libya operati. how do bng g gauge these partners so nato was thfirst multiplier in this relationship? >> i know you have written extensively on this. in has been seen in europe as a pivot away from europe. i think the administration has been trying to correct that come in to argue that europe and the united states havve to coordinae much more carefully in dealing with asia and with the chinese challenge we're seeing there. frank was right. there is a commonaty between what we're seeing from china and russia. it is a challenge to liberal democratic values that the united states and its allies have held dear. that is a global challenge. europe

i'm a journalist and not in asia area experts lay want to preface that. in my limited knowledge that the corners of japan that do seek to minimize world war ii atrocities with the chinese were the primary the's and the military sex slavery issue where koreans are the primary victims that is where it is happening. atrocities against europeans living in asia and european troops that there is not an emphasis to walk back or done.ze actions does anybody have any insight? >> my gut reaction is because we lost. that is in a part sort of a national psychology examination to get a good answer for it. i don't have a good answer but it's totally different circumstance because of the outcome of the war. the points scott got to about the different ways that we americans mayry, err on the side of forgetting history but on the other side we do not make a fetish of history. can -- he best answer i [no audio] ok, let's leave it there. sorry. larry from csis. for is for. your -- this is doctor lee. acrossorean officials the board have been negative in their comments about

in this episode of "asia insight" we follow men in their quest. report on the evolving schemes of match making in south korre >>> occhon is a small town in central south korea. praying at the local temple is thought to bring good concern. every year some 5,000 men and woman come here to pray hoping to find a lifetime partner. praying is good, but the monk who runs the temple offers a more practical approach. he organizes match maiking events strictly for people wanting to get married. these events frhave so far produced 1500 couples. participants begin by registering at a reception area on the temple grounds. 44-year-old oh woo jeong heard about the event from a friend. he lives in neighboring city. up until his mid-30s he had to change jobs several times. now that he's finally found stability as a regional public official he's ready to get married. he thrfills out a personal prof form with details about his height, weight, occupation, annual income, family background and assets. then he describes to the monk's assistant his ideal woman and other

because a lot of the business is in asia. ant exchange rates gives you a better underlying feel. >> in the real world. >> in the real world, it is bang in line with estimates. the constant exchange rates, you -- at actualumbers profit -- exchange rates, it is up by 7%. but asia, at actual exchange rates, 2%. the u.s. is up 18%. u.k. life is up by 10%. all divisions are showing gains. they want to sell you the constant exchange rate story. it is still a good story. >> let's talk more about the u.k. march allannounced in to do with annuities and pensions. >> if you are a retiree, george osborne, hey, you can buy an annuity, pension provider by prudential -- today, prudential has risen above the share level of march 18. that is significant. what are they doing? they are providing bulk annuities to companies. that is upsetting the decline in individual annuity. annuity sales fell, but that is being offset by bulk annuities. they are also big in the u.s. and in europe. the pension providers are managing to offset. >> despite the pr

in the east east asia the united states is. based on i mean the problem is here i'm sometimes in a state with you here the problem is here is that the united states wants to keep it a you know polar world this is why it keeps going after russia's periphery it's so it's in circling china militarily i mean they want to keep it this way full spectrum dominance and this is where push comes to shove because i agree with you a lot of the what the natural course of things is a major countries have major powers have their spheres of influence and that's not necessarily a negative thing it's a natural thing here but washington doesn't want anybody to have spheres of influence it only wants to have its own and with its allies. you know you know peter because i agree with you i have no problem with that sigman but no great power is going to allow its demise willingly or cooperate of the only example is with britain's demise as a great power when united states became became a successor but there was a congress of interest between between th

the u.s., to say the obvious, has a major stake in preserving peace and stability in northeast asia and close trilateral cooperation with tokyo and seoul , and america has a similar stake in ensuring that the r.o .k. and japan forge the closest possible links to meet their common threats, which are also, of course, threats to core u.s. interests in the region. it is not my purpose today to chart the origins of the trouble tides and distances between seoul and tokyo, but it is my job to talk about their impact and its strategic objectives on the region, so let me be very frank with you. the current difficulties between tokyo and seoul undermine long-standing u.s. efforts to create a trilateral partnership aimed at dealing with both the current and emerging security threats in the region. in one critically important area, trilateral cooperation, to , thatith north korea cooperation is not what it was and is not what it should be. problematic r.o.k. japan times have allowed suspicions to arrive in seoul about japan's to dealing with north korea, and pyongyang, seeing an advantage, seemed e

what does that mean from your years in asia? are there problems in bangladesh? and other areas around there like in africa? or is africa an exception in terms of risk? >> i believe africa is at the stage that asia was 15 years ago where a number of companies viewed asia as an opportunity to plant flags and grow aggressively. i think africa is at that stage. and those of us who go local and plant ourselves with the right investment and quality of people locally and transfer. we can do a lot in africa. the risks are talked about a great deal but if you go and travel and look at the opportunities there you can find ways to improve those risks in a way that is perfectly acceptable to the government's needs of most of our companies. let me give you an example. when we go to bank in africa, we need to take from them two partners both with james and sam and take a certain level of guarantee that takes 2-3 days between the time the merchant is paid and we collect the money back. if you went to small banks, i would be underwriting hundreds and i cannot do that well. we g

i love the people and cultures in asia. it was one of the most formative times in my business career. i learned important lessons. one is important as we begin changing va into a more veteran centric organization. it is about relevant and ovation. the response the customers need. which is inspired by fundamental human truths. we have to understand the need of those we serve. our customers, our veterans. no one understands those needs better than the frontline staff and the veterans receiving the care that we can provide. over these next several months, i am traveling extensively. i am directly from employees from veterans and others. from congressional members and local community leaders, volunteers, and other stakeholders. my first stop on the road is -- was at the v.a. medical center in phoenix. the next day, i visited the center in las vegas. we have good people. many veterans. they are passionate about serving veterans. they are working hard to fix our system so we can provide superior service. we are on our team and the

we do not do business in asia. here are a of them, so at the moment, there region, 600 in the million in china, about double the people online in america right now, and that is growing very, very fast, so that will grow up by another 50% in the next 10 years or more, so just the speed of growth made you have much more disposable income and at the same time those getting into mobile phones and seeing a much bigger kind of global market. is other thing about asia that it feels very connected. if you're in japan, they are already looking at china. if you are in china, you are in bali and there are people coming out to bali all the time on holidays, so they are very connected to each other. ask you talk about timing and interconnectedness. what about the appetite for risk? is the willingness to take on risk greater for those in the u.s. or europe? >> i think america has always had very gung ho entrepreneurs, and that is really why american companies have been one of the first to be able to grow around the world, but tha

i love the people and cultures in asia. it was one of the most formative times in my business career. i learned important lessons. one is important as we begin changing va into a more veteran centric organization. it is all about innovation. the response the customers need. which is inspired by fundamental human truths. we have to understand the needs of those we serve. our customers, our veterans. no one understands those needs better than the frontline staff and the veterans receiving the care that we can provide. over these next several months, i am traveling extensively. i am hearing directly from employees from veterans and others. from congressional members and local community leaders, volunteers, and other stakeholders. my first stop on the road was at the v.a. medical center in phoenix. the next day, i visited the center in las vegas. we have good people. many veterans. they are passionate about serving veterans. they are working hard to fix our system so we can provide superior service. we are on our team and they h

in this episode of "asia insight" we follow the ongoing struggle of residents in their 17th year sinceeturning to chinese rule. >>> hong kong, one of asia's main business hubs and a leading international financial center. as it's economy increasingly merges with main land china following its hand over from british rule, beijing's influence over the city continues to grow. in the tourism sector alone, 75% of visitors were from mainla chin lastye. thatmounts to more than 40 million people. without mainland china the economy probably wouldn't be able to function. recently, several incidents have installed fear in the hearts of hong kong residents. books criticizing the government and politicians are openly displayed and sold in bookstores. confirmation of the city's guaranteed freedom of speech. despite these civil liberties a publisher preparing to release a book criticizing chinese president was arrested on the mainland. he was sentenced to ten years in prison. to add to the distress the chief editor of the newspaper was assaulted earlier this year. the editor was attacked from behind a

bilateral alliance structure in asia, have in his very between ourl spat two key allies in asia as something that is quite welcome. that makes it easier for china to put for this effort to try to delegitimize. it is not a question of trying to compete militarily with the , but to asia delegitimize the notion that these alliances are a core element and a legitimate leadership element of the architecture in asia. something the chinese would clearly like the region not to believe. ,o japan created this function the u.s.-japan, korea dysfunction only serves that purpose. recommendations -- history, i wrote quite a bit on this in my first , it was onacademic u.s.-japan, korea and the historical issues. i believe there is no solution to these sorts of issues. you have negotiations over comfort women and you have these efforts for the prime minister not to go to the yasukuni shrine, but i do not think we are ever going to see a solution. even if there is an agreement on comfort women or a woman's fund the chiefla for cabinet secretary and ambassador to meet with some of the survivors, a statement o

it's important to strengthen it for the sake of stability in east asia. >> translator: india took part in the drills as well as japan and the u.s. and you're planning exercises with australia. some say japan is trying to constrain china. what is the goal behind the exercises? >> translator: we're not conducting these exercises to constrain any particular country. the pacific and indian oceans are important to japan and other countries because they are used for transporting oil and other supplies. military exercises with countries that have close ties with us are important for protecting freedom of navigation. >> translator: does japan need to take part in drills as well as those that only involve japan and the u.s.? >> translator: yes, for instance, consider the international exercises known as rim pack, they are hosted by the united states. china took part this year for the first time. it's an example of international exercises that promote understanding between military forces and reduce the risk of an unintended conflict. they play an important role in maintaining a peaceful environ

main least in the military realm but you know we are going to exploit that we are exporting that in asia pacific and we're not going to give that up and we are we're doing that lead to africa in fighting terrorism so you know no dominant power is going to be our no great power no uni people are in the unit with them no dominant power is going to say ok our demise is a done deal well defined you to take this take these keys and then take over and that's going to happen ok i mean i think you need to be you probably mean a lot or here in london right now it seems to me one of the america's greatest exports is to export chaos. if i could just comment on the ten years yes america thinks it's got ten years to sort of effectively get full spectrum dominance but i don't think so i think the situation is speeding off. at any point now perhaps even within the next eighteen months there will be a sudden crack in the financial economic power of the usa with the point that you're making how does america spread its commitments all way around the world and when that bric collapse comes the u.s. power w

i made that decision, which i explain in the book to somewhat break tradition, go to asia in february of 2009, because half of that trip was just showing up. demonstrating that, yes, we had treaty alliances, we had interests, political, strategic, economic. we were no longer going to be absent, and then we worked to pivot in a very public way to send an unequivocal message that the united states would be part of asia's future, where so much of the consequential decisionmaking for the world will be made. but i quickly turned around and went back to europe in march because i wanted to re-assert our relationship. i quote this old frowny girl scout song, make new friend keep the old, one is sill very the other is gold. you may remember that. i wanted it to be a real statement of our commitment to our european partners, and there was so much going on there as well, because right before president obama took office, the russian gas utility cut off gas, again -- they had done it before in 2006 -- and it became clear to me that the europeans were going to have to take a hard look at how depend

sales in asia were down as much as 7.3%, following claims th is is "democracy now!" today i authorize targeted airstrikes to protect our personnel and a humanitarian effort to save thousands of iraqi civilians were trapped on a mountain without food, water and facing almost certain death. >> is an obama becomes the fourth u.s. president in a row

the markets just opened in the asia pacific. nikkei to 25 futures pointing to a higher open, now -- nikkei 225 futures pointing to a higher open, now unchanged. 102.42, now weakening. in korea, the kospi is getting underway as well. it is climbing fractionally -- more than that. 1/2 -- 1/3 of 1% on. the korean won is weakening. two australian now where the asx 200 equities -- to australia now where the asx 200 equities are rising. let's stay in australia. newcrest has released results, including a full-year loss of more than $2 billion aussie. r bloomberg news reporter, dan, bringing us the background -- our bloomberg news reporter, dan petrie, ringing us the background on this. -- bringing us the background on this. shares are down starting trading, newcrest mining down close to 9/10 of 1%. >> they should be savaged. was we saw many years ago the likes of newcrest expanded aggressively when the gold price was $2000 per ounce. >> remember that? that was crazy. those were crazy days. >> they were crazy days. >> why did they think

evil political instability in asia was not enough to ruffle their feathers of stability. are not so jubilant we are seeing increased in sales and the long-term. they said they will dip about 2% for the whole year. overall, winning in the u.s. and japan and asia. >> interesting they keep their targets but change in their aspect of assumptions and bring down dollar/yen. on bmw side of things, is all about the x5? >> it is flying off. it is quite a stellar. almost 50% increase in x5 sales in the second quarter. it is all about the suv. and 6 seriess, 5 are dominating. that is why they are able to battle audi and remained the top dog when it comes to luxury. they have the mini and rolls-royce. the rolls-royce is still doing well. the measure of profitability is way ahead of the competition. that is almost double where mercedes is and ahead of audi. 26%.ll, earnings up britain got new ran -- bringing out new ranges and a new electric cars. they are trying to stay ahead of the game. will dig through earnings reports. more on what the ceo had to tell us. we'll be back in about tw

third best-performing market in asia. that is what you have as far as the currency is concerned. baht strengthening today. the region and the market in thailand. mining, paper materials, banking are all coming on stream, helping that index out. now what is happening on the shanghai composite, aside from gdp, lori also have property prices coming out. new home prices falling. far is what has happened so in the morning session on the shanghai composite. after the prices came out, we have come back down. an 8.5-multi-. 8.5-month high. financials are down about .1%. more are falling that are rising. we can go through these numbers. you want to look at the season -- cities that you see the most declines. let me give you five. of might want to stay clear property developers who have exposure to those five cities. perhaps losing a bit of momentum. back to you. >> let's take a look at some other stories making headlines for you. oh cdc is selling shares. to fund the purchase of hong kong's wing hang bank. alibaba may face at his scrutiny from u.s. regulators ahead of its ipo. accountingok

of tonkin resolution which in lieu of a declaration of war gave him broad powers to wage war in southeast asia. that resolution was passed by congress in response to an august 2 attack and an alleged august 4 incident involving bme vietnamesets -- torpedo boats. we visited the national archive at george washington university to learn more. >> i'm tom blanton, the director of the national security archive. we are on the top floor of the main library at george washington university which is where we live. we are in a room full of boxes of declassified documents. artifactly an ar because most of the documents we get today are digital. born digital and made digital. people that use our collections are using them online. the courses we teach at george washington, for most of these kids, if it is not online, it does not exist. so part of our whole mission has been to get these primary sources, loosed from the government through the freedom of information act, and then get them into in digital formats, organize them, curate them, index them. so students and journalists can find them. citizens can fin

. >> the catholic church has seen the followers grow in asia. >> in germany, catholics have been leaving the church in droves and parishes are rapidly shrinking. >> they find comfort in the church. increasing numbers are looking for answers within the congregation. >> when i started earning money after leaving university, the contributions that would've had to pay are too much. >> we don't believe in god. >> what do you believe in the ac? >> self-development. i don't think you can help anyone with that kind of thing. >> in 2010, it reached a high point when evidence of those that have been sexually abused by priests. using church tax money, the scandal infuriated the congregation. and later resigned. do people really leave the church for such reasons? >> such events could be the trigger for a person to leave the church if it was not important for them in the first place. i think one has to clearly differentiate between reasons of those having loose relations with the church. and the trigger for them leaving. >> and he thought he would the a reason for people to stay in the church but it

investors in asia were not actively trading. they were sidelined ahead of a symposium in wyoming which kicks off on thursday. most benchmarks showed minor gains following overnight rallies and global stock markets. investors will be keen to hear what janet yellen has to say, especially about the future of u.s. monetary policy. >>> here in tokyo the nikkei average inched up a touch, finished at 15,454, holding on to a two-week high in what was a tepid trading session today. some participants bought shares on a weaker yen. others, though, chose to lock in profits on the recent surge. taiwan's benchmark index climbed a half a percent, finished at 9,288, a second straight session of gains there. financial shares led the advance on a brighter business outlook for local banks. in shanghai the composite index seeing declines a quarter of a percent. 2,240. chinese regulators approved 11 additional companies to list and these firms are scheduled to start accepting subscriptions next week. investors nervous about possible fund outflows fo

if you stop everything that has happened in asia, it is good news for the economy and for the world. to have a democratically elected president in one of the most popular countries in the world, over several time zones -- is very good. this year is a condition year. business has been flat, but we expected that. because when people are busy dealing with an election, making long-term decisions, a 20-year policy is not your most pressing decision. so on the one hand, we fell sharply, but the climate is improving. q4 we think will still be a bit slow because it will be late august. but after that, we expect a big tailwind. in india with the election, it will start improving in malaysia. >> okay. i want to ask you about your assessment of the world economic growth right now. we're seeing mr. fisher talk about disappointing global and u.s. economic growth. you're doing pretty well in your u.s. business, but i just wonder to what extent you think there are cracks in this recovery. >> well, i think on the positive side, there is definitely a recovery. we see the u.s. strong and we see product

undergone a variety of experiences and learn much about the complexities of guerrilla warfare in southeast asiahmagt, these advisers have increased in

in u.s. stocks rising. we also have asia-pacific as a result of that. a look of the hang seng, we do see a rebound. equity, too.ghai in tokyo, it has been in the horse for a while, but the world's biggest pension fund is a japanese one. there is a report that it has removed caps on equity ownership . as a consequence, they can diversify out of bonds and into equities during japan is expected to build on the gains after its morning session finished very positive. >> japan is leading a market advance in asia. indonesia's been presidential candidate says he will accept the legal ruling. when a relationship sours, tesla and toyota had such big lands but are now going separate ways. indonesia is highly -- hotly contested election. big change of strategy for prabowo. >> you might be right. the court has heard testimony from as many as 25 witnesses. prabowo demanded the court immediately declare him the winner orioles hold a nationwide revote. he claimed the victory of his illegal.o widodo was challenge is the last chance to over turn the results. the election

at this point in time, we see earnings growth in asia to be about 12% this year. has been a mixed earnings season so far. in singapore, we have seen earnings come in line with expectations. elsewhere, we have seen earnings disappointments. earningsia, we saw downgraded about 2.8%. in hong kong and china where the earnings season is just getting started, we don't see a huge earnings disappointment, especially the chinese banks where the bar has been set quite low. we could see earnings, the casino stocks, as well as the consumer stocks. >> one company i just mentioned ncent. what are the sectors that are probably looking expensive? do we have cheap valuations still? the point is, they remain cheap, but are they over the worst? are you seeing a nascent bull market perhaps in china after recent rises? >> sure. referring to your internet sector, it's an expensive sector. we are still bullish on china during this year. we have seen markets rising. despite the recent rally, chinese equity markets are still among the cheapest in the world. we have seen an improvement in

rising power as this is having a lot of lot of success and lot of it is causing a lot of irrigation in the asia pacific russia russia has a different perspective russia has always been a great power russia was a superpower in the soviet union was in the russia is is as you point out in your in your interview at the russian perspective is that it has been ignored his interest has been ignored they have been ignored and there were certain policy that the united states did not abandon in the aftermath of the cold war that when they do expansion and you know with nato expansion major nato expansion and is it expansion i remember reading several books after after the collapse of the soviet union with where we have we had given. assurances the nato would not expand would not come to russia's border borders and then we just went ahead and do it so from russia's perspective contingent is very much alive so russia and china have to have always wanted to have a multiple to work now what's happening is in the in the aftermath of. economic meltdown they couldn't make situation has has not has not been favo

around the world, in asia, in africa, in latin america, in the middle east, there are millions of people who live in terrible poverty, even starvation. we must keep as our goal turning away from production for war and expanding production for peace so that people everywhere on this earth can at last look forward in their children's time, if not in our own time, to having the necessities for a decent life. here in america, we are fortunate that most of our people have not only the blessings of liberty but also the means to live full and good and, by the world's standards, even abundant lives. we must press on, however, toward a goal of not only more and better jobs but of full opportunity for every american and of what we are striving so hard right now to achieve, prosperity without inflation. for more than a quarter of a century in public life i have shared in the turbulent history of this era. i have fought for what i believed in. i have tried to the best of my ability to discharge those duties and meet those responsibilities that were entrusted to me. sometimes i have succeeded and som

the lotus flower has a sacred meaning here like in much of asia. and it also provides the raw material for lotus silk. once worn only by royals and monks, it is now finding a growing market among tourists. >> the lotus flower represents purity, fertility, and enlightenment. kyi thin nwe and kyu kyu lin call it buddha's holy plant. they're collecting the plant's stems. deep inside those stems lies a precious material, which some believe to have magical properties. >> we only take the best plants to work with. it's a tradition you can only find here. >> this is the inle lake, in the heart of myanmar. it's home to the intha people, known as the people of the lake. living on the water, they've developed some special skills. they spend hours standing on one leg, using the other to steer the boat. that way they have both hands free to cast their nets. the intha people live in symbiosis with the water. they grow tomatoes, beans and rice on floating gardens. standing on both legs is not an option here. any pressure makes the ground sink. the floating garde

eight japanese companies with operations in china and southeast asia took part in the job fair. managers are interviewing university students. major recruitment services firm organized the event. officials said more firms are looking for employees to bridge the gap with their japan-based colleagues. >> translator: we have local affiliates in asia so we want employees who can contribute to our global operations. >> i want to work with the same sense of responsibility as japanese employees. >> and this event will go on until tuesday. >>> people do rely on computers to communicate, to inform themselves and sometimes even just to relax. few people understand the programs that drive them. that's changing now. developers are writing coding languages so simple that even a child can learn them. >> reporter: this programming work shop is offered by a non-profit organization. the instructors are professional coding teachers. these elementary school students are deeply interested in the subject. they are having fun using coding tools that have been developed especially for children. when y

o be sure, they are not facing intense resistance in asia. hers, fighting for a slice for the logistics market and that is the case in southeast asia. competition is brewing and consumers, you and i benefit. >> let's see if we do. thanks a lot. well, one of the greatest narmse in in british cinema, he died. 90 years of age. he spent 60 years on both sides of the camera lens acting in ollywood movies, "gandhi," which won eight oscars in 1983. kigsly. actor for ben and good delell will a.m. bass dor for unicef. he died at the age of 90. let's look at what we have coming up in the program. biggest futures market to reopen. glitch hit trading. that is when we return after this very short break. ♪ . . hello, everybody. i am rishaad salamat. this is "on the move." ♪ a vast stretch of the futures market about to trade for the first time today, glitches hitting the cme, and close encounters, the united states and china trade comments about airport maneuvers, and back to the table. meeting striking workers today. the chicago mercantile exchange expecte

i have what i saw almost immediately was a build up of symptoms of things going wrong in southeast asia and in the united states that just reminded me a lot of japan and then of course we started reading some of the history and realize that there was a long history here so it really it's not complicated mathematics it was just having an open mind and a willingness to look at history and i think essentially that's all i'm trying to do today though you know as i understand it the fed introduced the first round of quantitative easing for entirely and i mean entirely different reasons and i introduced subsequent rounds of q.e. now q.e. one was all about being the lender of last resort but the other curious were about boosting the economy so is that how you see it as well and do you think he is problematic. and i absolutely agree with you. the certainly the fed the motivation for what they were doing in q e one was a very very different from q.e. two and subsequent activities of the first thing really had to do about the central banks role lender of last resort and trying to restore financia

i made that decision which i explained in the book to some what break tradition, go to asia in february of 2009 because half of that trip was just showing up, demonstrating that yes, we had treaty alliances, we had interests, political, strategic, economic, we were no longer going to be absent and we worked to pivot in a very public way to send an unequivocal message that the united states would be part of asia's future where so much of the consequential decisionmaking for the world would be made but i turned around and went back to europe in march because i wanted to reassert relationships, this old girl scout song, make new friends that keep the old one silver and the others goals. i wanted it to be a real statement of our commitment to our european partners and there was so much going on there as well because right before president obama took office, the russian gas utility cut off gas, they had done it in 2006 and it became clear to me that the europeans were going to have to take a hard look at how dependent they wanted to be honest single source for their energy. from that very fi

some say japan should never forget its history of aggression in other parts of asia. >> translator: i'm aware that my brother, in a way, was one of the perpetrators against people of asian nations during the war. when we talk about peace, i think both perpetrators and victims should forgive each other in order to move forward. >> meanwhile, officials from china and south korea criticized abe's offering to yaskuni shrine and the visits by cabinet ministers. a chinese foreign ministry spokesperson released a statement. it says beijing is firmly opposed to acts that demonstrate the japanese government's wrongful attitude toward historical issues. it says bilateral ties can only develop when japan honestly faces up to and deeply reflects upon its history of aggression and makes a clean break with militarism. the ministry did not summon the japanese ambassador in beijing to lodge a protest this year, as it did last year. a south korean foreign ministry spokesperson also issued a remark saying his government deplores the offering and the visits. but this year's commentary stresses the possibl