here at india's central bank i've been told that they have nothing to do with the one rupee note unlike the rest of india's banknotes this note isn't issued by the central bank but by the government curious . currency of electric copy sheds light on the mystery technically the new one rupee note is classified as a coin explaining why it's not issued by the central bank the new singles were issued to mark the one hundredth anniversary of rupee banknotes. binding us up why you can't buy anything with it for us collectors the joy connected to the new one rupee note is beyond words. and holding onto it could pay off the very first one rupee note from one nine hundred seventeen featuring britain's king george the fifth fetches up to three hundred euros nowadays and that was your business update join us again next time. earth home for saving google images tells stories of creative people and innovative projects around the world ideas to protect the climate and boost green energy solutions by global ideas embodied in series of global three thousand on t.w. and online. time for an upgrade. furn

here at india's central bank i've been told that they have nothing to do with a one rupee note unlike the rest of india's banknotes this note isn't issued by the central bank but by the government curious. currency collector copybook to shed light on the mystery technically the new one rupee note is classified as a coin explaining why it's not issued by the central bank the new singles were issued to mark the one hundredth anniversary of rupee pound notes. well you can't buy anything with it for us collectors the joy connected to the new one rupee note is beyond words. and holding onto it could pay off the very first one rupee note from nine hundred seventeen featuring britain's king george the fifth such as up to three hundred euros nowadays and that was your business update join us again next time. we make up oh but we watch as a. budget. the seven seven percent. want to shape the continent's future to. be part of african youngsters testing share their stories their dreams and their challenges. to seventy seven percent. platform africa. they will not succeed in dividing us sal not s

on the new issue one rupee note though you've got it in your hands and five incomes here at india's central bank have been told that they have nothing to do with a one rupee note unlike the rest of india's banknotes this note isn't issued by the central bank but by the government curious. currency collector copy sheds light on the mystery technically the new one rupee note is classified as a coin explaining why it's not issued by the central bank the new singles were issued to mark the one hundredth anniversary of rupee pound notes. by well you can buy anything with it for us collectors the joy connected to the new one rupee note is beyond words. and holding onto it could pay off the very first one rupee note from one nine hundred seventeen featuring britain's king george the fifth such as up to three hundred euros nowadays and that was your business update join us again next time. on freedom and whole. world i come from the region is rich in history style and talent but so poor in education opportunity and freedom this makes it special difficult for independent journalists i see many of the you

in other news, india's central banks has banned banks and regulation financial times from dealing withreserve bank in india said it has made the decision it is of what it describes as the associated risk with digital currencies and it has been critical of crypto currencies, including bitcoin in recent months. the right to broadcast indian cricket on television and digital platforms over the next five years has been sold to star india. the broadcasting giant put in a manhattan 45 million dollar bid for the rights, it controls all cricket broadcasting in india. technology companies in the us are feeling the heat, fallout from facebook‘s data scandal continues and that has got a lot of them reassuring their customers on the issue of data privacy. you have the recent deaths related to this self driving cars and that has called into question is the limit of international intelligent, an area which has seen billions of dollars of investment. all of this has led to a debate over what kind of rules and laws are neededin what kind of rules and laws are needed in the technology. i spoke to brad

india's central bank is banning financial firms from dealing in cryptocurrencies, like bitcoin and etherium as many governments around the world crack down on the digital currencies because they are unregulated. the aerospace giant airbus has factories all across europe. so how does it get huge parts, like wings and sections of fuselage, to where they need to be? 0ur reporter theo leggett has been to the south of france, to find out where the company is building a new beluga super transporter. this is the airbus beluga, as the name suggests it looks a bit like a whale, but it has an importantjob. it carries other airline parts to assembly lines in europe. but there isa assembly lines in europe. but there is a problem, it isjust assembly lines in europe. but there is a problem, it is just not assembly lines in europe. but there is a problem, it isjust not big enough, so airbus is building a bigger one. here it is, the beluga. it is longer, taller and wider than the current model. it will be able to carry two wings at the same time, the current model can only take one. so how do you go about

india's central bank has banned financial institutions from dealing with cryptocurrencies, because of high risk. those already providing digital currency services must and them within the specified time. the move comes as financial watchdogs around the world are struggling to find ways to regulate highly volatile market. a major online securities broker is buying coin tech, a virtual currency exchange hit by a cyberattack. it will buy all the shares for about $34 billion. the digital exchange has been under intense regulatory pressure since hackers stole more than half $1 billion worth of cryptocurrency back in january. finally from me, germany's bmw has launched its first monthly subscription service in the united states. members will have unlimited access to a fleet of luxury bmw $2000or a monthly fee, for a basic service, $3700 for the memo offers. users can choose from a range of high-end models, delivered to their doorstep by a bmw concierge. phase and only available in nashville, tennessee at the moment. the carmaker could expand through the united states. molly: interesting stu

india's central bank is banning financial firms from dealing in cryptocurrencies like bitcoin and etherium as many governments around the world crack down on the digital currencies because they are unregulated. from today, shoppers buying sugary drinks here in the uk face a hefty new tax. it's all in a bid to cut obesity rates and encourage healthier choices. the higher the sugar content the greater the tax, with consumers paying up to 33 cents per litre to satisfy their sweet tooth. many countries have either brought in a sugar tax, or are thinking about it. but does it actually change consumer's habits? with me is peter harding, head of lucozade ribena. good to talk to you. i believe you have already been cutting sugar from products? over the last five years we have taken 20% of the sugar out of lu coza d e we have taken 20% of the sugar out of lucozade and ribena. we have made a very bold step to lead the food and drink industry by taking in some cases well over 50% of the sugar out of lu coza d e cases well over 50% of the sugar out of lucozade and ribena. we have no high sugar product

central bank decisions out of india and australia this week, china manufacturing did and u.s.obs numbers later this week on top of continuing to look at the ramifications of the trade tariffs. let's get you the first word news with ramy inocencio. ramy: good morning. first to china and factory output rebounded in march,'s showing its first gain since november. that as manufacturing shrugged off fears of a trade war. pmi at 51.5, compared to median 50.6 in february. non-manufacturing pmi also improved. the results bode well for gdp in the first quarter which is expected to be higher than the official target of 6.5%. macau casino revenue beat estimates in march, underlining the city's recovery from the crackdown on luxury. this game at $3.2 billion last month, rising 22% and topping forecasts of 17% increase. to the middle east, israel is threatening to use greater force to suppress protests in gaza, rejecting accusations of firefighter -- firepower that left people dead. the protests were meant to traumatize their plight as refugees, but israel said they were covered to set bom

complacent about risks around the world, emerging markets are safe havens, indonesia, india, brazil in some sense. central banksrencies that are going up our stable. low-vol worldign, is not correct and how things are going to work out. yvonne: are we hitting them to inflection point where we should be looking outside local debt in e.m.? >> i don't think so. i think this is a correction from too large positioning in the market. fundamentals are still supportive for emerging-market local debt, relatively speaking. maybe it is -- maybe positions were too big relative to the shop. rising long-term treasury yield is not a big deal if it happens slowly and steadily. sharp upward moves like this month are not so benign. it shakes out sort of low conviction investors. betty: the hunt for yield not only happening in asia, but other parts of the world. where are you looking for that yield? i know the middle east might hold possibly some attractiveness. >> very good question. one of our general themes is trying to find idiosyncratic opportunities. what i mean by that is where the domestic situation or anyamentals can blu

you look at these countries beyond indonesia, beyond india, and beyond the current account deficit countries, you have to look at the central bank's stance. they are quite dovish, which means they are sensitive. they are not just dovish from a real interest rate point of view, their dovish on an exchange rate point of view as well. not intervening is the point. rishaad: i am looking at the one so far year to date the winners and losers. the worst performers are the peso, the indian rupee, and indonesian rue pierre. >> what is key is that 10 year yields actually dropped. it has risen since the end of march. if you change that outlook, it converts all of asian currencies -- rishaad: i looking at month to date on the bloomberg. as you say, young is the worst performer. but they like that, don't they? >> increasingly, the korean won is looking like that. if you look at the top 40 firms on the kospi 2, most revenues are from external sources. this morning, samsung electronics earning surprising on the upside. 87% is from external sources, and as a result a weaker korean won bama is not necessarily something the central banks dislike at

india. on fridayht to watch earnings. public central banks have disappointed.oard reporting what's next for ceo. warrants.rt issued mortgageon hgfc, lender is in talks to acquire india.ce in they are considering take on majority stake. in mumbai.atch there haslinda: let's zoom in the tech sector. strategy moving away from smartphones includes moving the auto world. deal withgned a workse internet giant to on automotive software. engle has more on this at the boao forum. in thisberry has been transitional phase. that hand set maker into more of and servicesurity company. very successful transition and we do have the ceo and chairman right here john chen of blackberry. me.hank you for having >> outdoor studio here at lake boao. on minds of the delegates here is the trade friction between china and the united states. we're going to hear from xi jinping tomorrow. is this rhetoric? >> it's damaging. the outlook is different. stack.maging, i got some since january 22nd when he called 3071 steel and aluminum, since that day, most the united states capital market have

central-bank to move. but that said we don't look at india fore in a rush, instance, we don't expect the r.b.i.nths has been relatively well contained. yes, inflation will move higher this fiscal year, but not enough to worry the r.b.i. to such an extent that they will be in a rush to tighten policy. in of the bigger concerns indonesia is any potential pressure is on the currency. we have seen in the last few days both the indonesia repeal and the rupee, there trouble. that could have implications for central-bank policy. >> well we were speaking we were getting, comments coming out of the philippine central bank governor. he is saying they have been under fire since last week, a lot of people say it was because they were behind the curve. said, has the philippine central bank almost gotten to the point where they have to hike just to appear ahead of the curve? concerns, one of the the pressure points, this has been the biggest underperformer and at the moment the central bank hasn't seemed that concerned about its weakness but clearly if this continues that will have implications on imports an

central bank's target. i think the central bank will have to start to respond to that were risk being behind the curve. also we have to watch indiait is also exposed to oil prices. those are the two where we would see upside risks of inflation in the coming months. we have also seen indonesia which is reporting inflation numbers this week. $6 billion in reserves already to put a supportive floor on that riyadh. nowthese band-aid solutions or is this a potential turning point to start following the fed? >> i do not think they need to follow the fed. , they look across asia have learned partly from the asian crisis a decade ago that they need to have a good buffer of reserves. indonesia has built up reserves and now is the time to use it. but i think they are taking an eclectic approach. not just reserves, if they need to allow the currency to weaken a bit, they will allow that. protection all measures as well and they could potentially raise rates. i think they have a combination of tolls to use, but the key thing is the fundamentals. if you look at asia balance of payments, they are stronger than they were in 1997, even in indone

india, very supportive of growth. thank you very much. yasuyuki sawada, chief economist at the asian development bank. much more coming up. the centralpore, we will be talking about artificial intelligence within the central banking system, preventing the abuse of data. this is bloomberg. ♪ ♪ haslinda: this is bloomberg markets asia, i am haslinda amin. i am david ingles. we are about 40 seconds into the session in india. here is sophie with the numbers. mumbai, we are seeing stocks gaining growth for a fifth straight session, gaining about 0.2%. we have pnb on watch after being downgraded to double d minus. the ceo had for an early exit. check out in bonds, they opened lower tuesday as state run banks have been, indicating caution about market losses in the recent rout. the 10 year yield rising to 7.4%. you can check it out on the terminal. you have financials leading losses among sectors, consumer staples under pressure. i am also watching health care stock, that segment up 0.8%. morgan stanley sees a steady fourth quarter for the sector, estimating 7.7% growth in net cost. they are overweight on stocks like bio come but underweigh

india. in newthank you so much, delhi, covering the energy forum for us. singapore's central bankanalysts, to tighten monetary policy this week. let's get to southeast asia where michelle has more out of singapore. u.s.-tradese skirmishes potentially flowing onto regional trade? how does it impact to them when they make their decision friday? u.s.-china trade skirmishes have stolen headlines over the past couple weeks. that is a concern for a small, open economy like singapore, trade reliant. they continue to watch this closely. --doubt the number correct number crunchers at mas are looking at this. different threats going back-and-forth. when we have also heard from singapore officials over the past couple weeks, including the board chairman, is that this could end in a positive way, maybe the global trade framework has evolved for the better. there is still a lot to be decided, a lot of the threats not borne out yet. really look at more domestic factors in their decision friday. haidi: what else are you watching out for in that announcement? there is plenty to care about in the

that was the tie central bank governor speaking to bloomberg news' haslinda amin. relief from the reserve bank of indiaunting standards. puts their respective houses in order. this is bloomberg. ♪ ♪ back.d: we're i am rishaad salamat in hong kong. indian investors with billions of dollars of stress. a respite from the r.b.i., delaying the implementation of tighter accounting. let's talk about the risks and challenging facing the banking industry there. we join moody's vice president of senior credit. thank you for joining us. what has the reserve bank actually done here? yesterday in the monetary policy announcement the bank of america -- think of india announced they would deploy of a program by one year. from a big picture perspective it does [indiscernible] provision could hurt the banking sector a bit more. having said that, with nonperforming assets, the banks are already doing under the r.b.i.. picking up steam. we think it will gradually,. by the time it is implemented next year, banks will be in a position to take on the impact and move on from there. rishaad: you have the nonperforming assets,