kong,high-speed rail hong between guangzhou to hong kong. to honges shenzhen kong.ings more people, makes it easier, and macau becomes an important part. also, the bay area, something beijing has been pushing and the hong kong government -- it combines 11 cities, 66 million people. it's amazing. million, macau .5 million people, suddenly 66 million in southern china connected my high-speed rails, connected by bridges, everything changes, so i look favorably on 2018. i think it will totally open up and cause a greater connectivity between all the cities around us, especially southern china. onhaad: we had charles li talking about these dual class shares in hong kong. >> it is a great thing. i was talking to charles before. i think it is time. i was always against losing alibaba to the u.s. stock exchange, and we can see where we wound up in ipo's this year, very weak, and we need to wake up into the world of technology, including media and every company around. the disruption in every industry is huge. rishaad: do you think there is too much bureaucracy in hong kong

let us talk with mark tinker in hong kong. talked to a strategist about what they like in terms of hong kong and china. next year is the same kind of sectors. maybe some of these consumer facing stocks. infrastructure. is there anything different you can offer us? mark: you are right. there are three or four big indoor for next year, and it is about china, 2025. we are looking at the upscaling of chinese factories with robotics and automation. we are looking at the buildout of the infrastructure, dominant into a capital market center, focusing on what is changing within the financial sector, and the chinese internet consumer, 2.0. obviously, don't forget, we had one belt, one road. the four policy drivers are andling into the stock sector themes that we think indoor for next year. those are the ones you are buying on the dips, a bit of profit taking. those areas, definitely. haidi: quickly, your top contrarian call for 2018? mark: volatility. of previouses quantitative easing. the unicorns, the private equities, the alternativ

so when us rates go up hong kong is slowing although there is still a gap.re is still a gap. it is closing the gap and therefore borrowing costs are more expensive for would—be owners. you would think this would make prices go up, but it is on top of an 11% rise this year. i should also point out this is not the first time the imf has made such a warning. they warned of a dangerous bubble in 2009, during the financial crisis. prices have been going up ever since. many mainland buyers purchasing property in hong kong. what about the commercial property market? also redhot. in fa ct, property market? also redhot. in fact, a new report out saying hong kong is overtaking london for the first time since 2013 as the most expensive office real estate. a workstation, one employee for the course of the year, will cost $27,000. that is about $5,000 more than london, with the currency and brexit and all of that. and japan, the next asian city, come down at around $9,000 below hong kong. familiar names at the end, new york, paris and sydney here in the asia—pacific. whe

of 45 hong kong dollars.what's moving the dial in shanghai. financials dragging as well as real estate players. there is concern about china anxiety and financial risks, but one asset manager says all this nervousness creates a great opportunity for a stock picker to buy very high quality companies. service and consumption driven plays, while avoiding the commodity sector and state-owned banks. rules ons are drafting bank ownership disclosure. chinese steel producers. credit suisse says they are expected to maintain their profitability on improving supply demand dynamics. keep an eye on electric vehicle players as regulators approved licenses after halting approvals earlier this year. that makes 18 approved licenses so far. washington is making itself felt cross global markets. let's get to first word news with haslinda amin. dianne feinstein says i the case ofs and obstruction of justice is developing against the president. she is talking about the indictments and please involving trumps former aide michael

here in hong kong today.t for china, using it to buy oil from the middle east. those smart contracts helping sinochem optimize by 30%. the technology is touted as potentially saving the commodities sector hundreds of millions of dollars each year. speaking of blockchain, let's have a look at bitcoin, bouncing act. it did surge briefly beyond $16,000 after a five-day slum. the slump coinciding with renewed warnings about elevated risks in digital coins. has banned companies trading bitcoin from the tel aviv exchange, and nikkei news says mitsubishi ufj is bracing for a bitcoin exchange to fail. china's sprawling fosun exploring options for its stake in studio eight, and they include a sale. the conglomerate has discussed this posing of the stake. andio eight is producing fosun values the studio at $1 billion. southeast asian markets at the moment. there we go. manila in the green. jakarta .4% up. the big story there, danamon plans to take an 80% stake. shares surging 18% at one stage. weretime i checked, they

in hong kong. it is the day of

hong kong has always positioned itself on the cutting edge of the financial industry which is why the buzzword at this annual conference is bluffing and how the entire trading world can cash in on the technology but some warn it comes at a price it is posing new regulatory challenges but the speed with which technological changes are taking place much higher than we've seen before and secondly new entrants new entrants which are in particular startups but also big tech companies an example would be trying to contain the cryptocurrency phenomena in two thousand and nine bitcoin was the first to enter the scene using block change technology. there are now hundreds of crypto currency set here for the problem lies they cannot be treated like pass the script a car g.'s is actually it's open for future use and in most cases that you said you have to be defined so that created a lot of speculation making it a highly volatile investment for large gains and losses can be made very quickly for this reason as a pember mainland china suspended the trading of crypto currency and banned the launch

new york hong kong london for centuries the promise of a better life as millions to the big cities has power the world economy generating an unbelievable seventy five percent of global g.d.p. today but city dwellers compete for foldable housing for example and that is a problem today here are made in germany big cities on the move. the laws of economics say supply and demand determine the price of a good if many people want to live in say berlin and housing is scarce you have to blow a big chunk of your income on your rent for decades berlin has been a happy place rents were famously low ten years ago for example tenants paid five euros per square meter today it's nearer ten compared to other big cities around the world in paris you pay twenty six years and in singapore you have to fork out three times as much as the average berlin bus proper to develop developers have discovered this lucrative market and show little respect for the fact that every flat they want to make profit on is also someone's home. every tenant in berlin every tenant if you're paying rent you're a risk. if you ca

kong. last one for 2017. for poorlogizing iphone batteries but insists it would never intentionally shorten life. or would like to haler wouldthe ride like to forget. betty: the going recovering after further decline. tcoin recovering after further decline. 2018 has to offer both good and bad. ♪ ramy: we are getting breaking news on the south korean front again. we have cbi today, inflationary prices coming in line with what estimates were. a nice rebound from the decline we saw in the previous month. it slightly exceeded what economists broadcast. you know we have been talking quite a bit about where inflation is in the market here in the u.s. and japan. really there is no difference in south korea though they may be in a little better shape. it is perplexing. because things are low, they are bound to go up. i a magic the commodity markets will kick in. the commodity market will kick in. fact that an expected tightening from the fed and others is a key risk to watch and 2018. betty: certainly we are watching

hong kong. 35% up. this is bloomberg. ♪ >> it's 11:29 a.m. in hong kong.essure again over the performance of the latest iphone. says it's aware of public dissatisfaction over battery life and will release an ios update to improve the visibility health.ower apple apologizes but says there's a misunderstanding about older batteries in new iphones. they say they would never intentionally shorten the life of any apple product. the italian president sergio doorsella has opened the to elections and the possibility in further instability. italy is the third biggest economy but it's recovery is of its peers. opinion polls put the five-starlishment movement ahead of the democratic party. of saudi arabia's late king abdullah are said to have been released from detention in the crackdown on corruption. theprinces are both at ritz-carlton in riat, where those arrested in the investigation have been held since early september. several have been able to buy to payreedom by agreeing to avoid trial. beijing has issued a warning about heavy air pollution with schools and k

rishaad: right on the heart of hong kong, 9:29 p.m.ing to the imf stability report was brought to the top of the hour. it is not actually tell the full picture. we have more on that in the course of the program. a pretty unconvincing u.s. session. equities on wall street pretty much mixed. hoping to get a recovery today. gold on the way down. just over $56 a barrel at the moment. looking at a partial government agreeingin the u.s., with a spending bill. that.re certainly on >> chinese shares weren't alone in their suffering on wednesday. they are gaining ground. it chinese stocks are on the back and pulling up the board to show you what is happening with chinese equity markets. you have large caps losing about .4% while small caps are also under pressure. steady declines for a fourth session. falling the most in 13 months, opening higher. and extending on about .7%. keep in mind, all 40 stocks fell yesterday. take a look at gains. rebounding from yesterday's fall. todayso under pressure falling for a second day. remaining bullish on ho

i am rishaad salamat in hong kong.l, tpg and china telecom bidding for a brazilian phone company, it is $16 billion in debt. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ the making of a santa claus rally. the msci asia-pacific no laggard. finishing out the year where that index gained every single month of the year. stocks,er, hong kong the index outperforming a strong year for global equities. this is the chart that illustrates this. for all the talk of the trump reflation trade, record highs stocks, the s&p comes in third, and there is the hang seng with again annually of 35%. down to tencent, one stock, 20% of hong kong's benchmark index. that share price doubled in price and has given an entry into the $500 billion markets are you, joining facebook, becoming the first chinese technology company to do so, beating out alibaba. a huge year for tencent. analysts saying some of the year's best performers are worth holding onto. rishaad: wh

ben: the hong kong ipo market has been pretty bad this year.d be one reason why goldman is taking a bet on a smaller company like this. this deal is not going to make them that much money, but they could be betting that the company has innovative technology and a fast-growing market. when the company gets bigger, they have already got a relationship and they can tap them for future deals. david: top of your head, any names we should be watching out for in terms of the things? ben: next year, there is a lot , somete-owned companies of which have been pushed back from this year. you have a $10 billion deal. possibly cytotec's retail division as well around 10 billion. david: that's massive compared to $64 million. it is the quality, ben. ben scent, our deals reporter. let's get you an update here on some of the things we're following. general electric has the distinction of being the dow's worst performer this year, number one among american companies in cutting jobs. 12,000 positions in its power divisions take losses to more than 14,700, pushin

we had to hong kong where experts are contemplating big point could have on the financial markets. welcome back as we take a look at the weather across the levant and western parts of asia you see some snow towards all marty there but otherwise it's looking generally fine temperature not too bad for a couple there at twelve degrees some of the temperatures for tehran back that pleasant there twenty degrees and sunshine all looking good around the eastern side of the mediterranean quite a warm one in favorites in lebanon heading only into sunday enormous change fine conditions expected to continue same really goes across much of the robin pinch a little bit cool there for reactors might some of just twenty two degrees still pretty warm in mecca quite a bridge sprays blowing down through the gulf. cooling it slightly in doha a maximum of twenty seven degrees abu dhabi there twenty eight let's head across into southern portions of africa it's a largely fine picture here too you see in the south i mean sure there is a fair amount of cloud across eastern parts of south africa but you've

it was taken a decade but an historic building in hong kong has finally won the status of becoming a world heritage site the blue house faced demolition before a passionate community stepped in and waged a campaign to get the aging apartment building recognized by unesco so reports from hong kong. its color means it's hard to miss but it's not just the brought lou that makes this building a stand out this twentieth century shop front is one of the last examples of what's called tom low cantonese style buildings with balconies the house is just like one to your left in hong kong and but what makes this unique and special is the community thanks to its central location in one of the city's trendy restaurant districts the site known as the blue classed up face demolition by developers but locals tenants and conservation groups united against the plan and secured a government grant to protect and revamp the site we try to not just keep his circular things in good shape and update it with more than. the center of facilities etc but also to hit the neighborhood alive the original architect

i am david ingles in hong kong.set to complete japan's biggest ipo this year after writing the listening at the top end of the range based 1620. ipo price of they will raise more than $1.1 billion from the offering with the shares to debut trading in tokyo on december 13. the analysts say the stock could rise 30% within a month of listing. wanda hotel paired some gains. a billionaire is to buy 65%. were whenwhere shares the announcement was made. the move separates the wanda theps hotel business from main operations. they have been under official scrutiny after a string of foreign acquisitions. david: now listen closely. sellingnfrey is a majority stake for $70 million. she will remain chief executive and will extend her commitment to it in 2025. it is the first time she has sold stocks since it launched. of a discovery lineup that includes animal planet. attempts to forge free trade talks between china and canada fell apart in beijing with sticking points on all sides. justin trudeau indicated that one was canada's

that move from the fed has been quickly followed in china and hong kong.wing the story. what is happening over there?m looks like china and hong kong did not waste any time in hiking interest rates. the people‘s bank of china hiked short—term interest rates by ten business points. that was expected, as authorities want to contain this rapid buildup in debt. as for hong kong, they were the first to move today, hiking their base rate by 25 points, one quarter of i%. they are now at i.75%. hong kong tracks us rate moves because its currency is pinned to the us dollar. they followed south korea to raise interest rates. squeeze in some other business stories now. us republican lawmakers have agreed to a deal paving the way for the biggest overhaul of the country‘s tax system in 30 years, — according to us media reports. separate bills passed by the house and the senate must be merged into one for president trump to sign into law. reports suggest the plan would bring the us corporate tax rate down to 21% from the current 35%. representatives of 164 countries in

hong kong set to lose its ranking as the busiest port. top five. they are closing the gap and bloomberg intelligence expects it to pass hong kong on an annual basis and 2018. fosun group's looking into studio 8. insurancen conglomerate has posted its day, as well as financing. the in mind fosun but studio three years ago and values it currently at about $1 billion. betty: the latest star wars movie led the north american box office at the weekend, though demand was disappointing. the last jedi took $100 million. ticket sales were down. that decline is the second worst seen by any star wars movie. box office gross as part of the drop is due to christmas eve falling on sunday this year. david: that is down. when you look at markets across the asian pacific, the nikkei, the south korean kospi index, not very exciting. a lot of rumblings in the south korean market today, a lot of these shipbuilding stocks, down 27%. the third biggest drop on record on the back of fundraising activities. the stock is that -- asx 200 up 0.25%. we are getting fa

direction to be honest i can't imagine that we will face that when next ten years the level of hong kong by the way more than frankfurt i'm unique oberlin but fair to say i think the motivation to go in the city center is rising prices by you and me by the way and specially coming from the international view on chairman ian in frankfurt it's so fantastic positively speaking negatively speaking which seems the trunk which is so cheap compared to the rest of the global capital market approach this is of course was so much money is facing chair money as investment up and i don't see any end the next two to four years by the way thank you very much spieth there let's check in now with our asia correspondent. and ray it looks like we've got a similar situation in your part of the world what can you tell us. well the only way it is looking is up then i at the moment china we're going to see probably see a big bubble it's leading over china's market which the government is trying to stop from happening with tighter policies also hong kong as mentioned in the video and in the interview as well w

yvonne: i'm yvonne man in hong kong.ht week for the banks and several asian peers set to big week for banks and several asian peers. let's get to our bloomberg chief asia economic economist joining us in our hong kong set. which central banks do you think have to tread carefully? enda: asia has led the race to add on debt. the feeling with the global target coming to asia, led by south korea moving for the first time in a number of years -- any rate hikes will have to be slow because of the household that. 150% of household consumption. at 88%ia is at 190% are of gdp. these are examples of countries whereby there may be some prospects for monetary tightening next year, but it will have to tread carefully because of the sensitivity of borrowers who borrowed at very low rates. mentioned south korea. they hiked recently, the first in some years. the picture is not quite uniform trade which economies do you think can withstand a hike if they need to? enda: one good standard is the philippines. be philippines is set to among

stocks from tokyo to hong kong all trading down.hem as ci asia-pacific index is in the green, but that masks underlying weakness in the tech stocks because of the u.s. people having time to digest the tax reform passed by the senate late friday and finding some unpleasant surprises, and that fed into u.s. markets yesterday. at the s&p 500. a roller coaster ride relatively speaking. it was up, then down, down by .1%. fang down 2.1%, the biggest tech stocks. 10 year yields ticking up stillly, so that thesis intact. bloomberg dollar index sliding. let's look at the region. we did have some big middle east news. ae markets have not had formerto react to the yemeni president's killing. there was a hope that qatar might see some developments when it comes to the blockade issue. meanwhile, take a look at turkey. despite index up 1.6% the highest inflation data we have seen since 2003. than expected, but a lot of people think that will put more pressure on the turkish central bank. meanwhile, brent crude picking up. today is a good day to t

things be talking all with the leader for china and hong kong.to talk about the future of thinking. bel alexa beer banker? -- your banker? plenty more to come. this is bloomberg. ♪ cannot live without it. so if you can't live without it... why aren't you using this guy? it makes your wifi awesomely fast. no... still nope. now we're talking! it gets you wifi here, here, and here. it even lets you take a time out. no! no! yes! yes, indeed. amazing speed, coverage and control. all with an xfi gateway. find your awesome, and change the way you wifi. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ haidi: a sense of euphoria but also doubt. it is still a baby, comparativel

saving the blue house a major victory in the fight to preserve the cultural heritage of one of hong kong's oldest communities. at least two palestinians have been killed and more than seven hundred injured in violent clashes with israeli forces across the occupied west bank east jerusalem and the gaza strip the u.s. president's recognition of jerusalem as the capital of israel has also sparked protests around the world and the u.n. is warning that donald trump's unilateral move would spread unrest across the middle east mike hanna has more. an animated discussion between the u.s. ambassador and the palestinian representative just one of the urgent conversations taking place around the room even before the session began the packed chamber testament to the depth of international concern and some argue the credibility of the security council itself is under attack if the council does not. act accordingly to what its mind it which is present in peace and security then the council might become another occupied territory speaking by video link from jerusalem the un special coordinator condemned

they are very excited this year in hong kong, because they have introduced an award—winning europeancorporated into their display. music: auld lang syne. cheering dramatic music studio: they said it was going to be spectacular, and it certainly was. a good ten minutes of music and fireworks extravaganza taking place in hong kong's iconic victoria harbour. beautiful and exciting scenes. lots of tunes. there was auld lang syne. very musical. let's take you to the vatican now where pope francis is holding a thanksgiving for the past service in st peter's square. it's part of the eight days of christmas, the octaves of christmas that started on christmas eve. we are now on day seven of the octave. these are the vespas. a traditional hymn will be some and after that pope francis will visit eight crib oi’ pope francis will visit eight crib or creche set up outside st peter's at the basilica and he will spend some time in silent prayer. a flavour of how the world is bringing in 2018. we have been looking at new year celebrations around the world. people in the southern hemisphere have begun

shares hong kong, tech are the hero. 10% in five days through monday, optical having gains raising 5% stopping a five-day losing streak and tencent set for the highest close of the week. bank came outld today with a revised forecast for next year, tying in the de-leveraging drive perhaps pulling on the numbers. one of the asset management firms also came up with a warning of default, what is a story there? sophie: this de-leveraging campaign is seen as adding to trouble ford that holding companies. so some of the companies which have defaulted on its asset management products, these companies are coming under scrutiny from chinese regulators. so rising borrowing costs are's had to be leading to risk which is what we are seeing in china. we are seeing chinese investors still looking for some outperformance in 2018. although chinese shares have lagged as compared to their global peers throughout most of 2017, we are seeing 3700 points for the shanghai composite by 2017 close. tech has been a bright spot given the rally tha

kong, shenzhen, shanghai and just under half an hour.nd we have singapore, taipei, and kuala lumpur. on the street of dreams overnight. >> a tech rally, it was felt by the draw we saw in metals. it could be in for an interesting session. we will take a look at the big picture. the longest losing streak this year. a dollar. tracking the decline into your treasury yields. some of the tax talk optimism. sliding with bond yields on the gdp. seeing the 10 year yield for aussie note 57 basis points this morning. g #btv 15 35, you can see the 10 to three-year yield spread narrowing even further. it is flattening the yield curve by the most in a year. minors are following, leading gains. byailers are being led higher holdings. unlimited short-term impact from amazon's lodge and amazons australia day. checking on some key movers on the cost beat, which is a two day rise. record. by the most on they are adding the most points along with kia motors and lg electronics. morgan stanley remains cautious on samsung. by tencent and alibaba with recent de

david in hong kong.e mentioning the overnight index swap back at zero for the first time in a decade. it does not happen often. it was four years in the making. we can bring it up for our viewers. the question is, who do i believe? do i believe the fed? do i believe every other cell-site analyst? or do i believe the bond markets and we are lucky to get two? >> i would put my money on the bond markets because the bond market has been right over the last 3-4 years when we went into this gradual tightening cycle. low inflation, subdued inflation, is a big factor in but even with inflation moving slowly towards target, the bond market has decisively said long-term growth potential in the economy has shifted down, and therefore we only get a temporary growth push from the tax bill, not enough to bring the economy higher, and therefore the bond market is saying this tightening you are putting into the system leads to an inversion of the yield curve potentially. janet yellen has said this may be different in th

let's take you live to victoria harbour in kong kong, which is ringing in the new year.ons is how they have been built. as soon as that clock ticks down to midnight there will be a musical fireworks show lighting up the hong kong skies. and the very beautiful victoria harbour. in the build—up to this, there was an event called wish upona this, there was an event called wish upon a star. every 15 minutes from 11pm there was a pyrotechnic star that was shot up into the sky, inviting people to wish upon the star itself. they are very excited this year in hong kong, because they have introduced an award—winning european maker to be incorporated into their display. music: auld lang syne.

hong kong has always positioned itself on the cutting edge of the financial industry which is why the buzzword at this annual conference is blocking and how the entire trading world can cash in on the technology of a time when it comes at a price it is posing new regulatory challenges but the speed with which technological changes are taking place are much higher than we've seen before and secondly new entrants new entrants which are in particular startups but also big tech companies an example would be trying to contain the cryptocurrency phenomena in two thousand and nine bitcoin was the first to enter the scene using block change technology there are now hundreds of crypto currency that here credit problem lies they cannot be treated like pass the script or card fees it's actually it's open for future use and in most cases that you said you have to be defined so that created a lot of speculation making it a highly volatile investment for large gains and losses can be made very quickly for this reason and september mainland china suspended the trading of crypto currency and banned t

aac tech on the back foot in hong kong. checking on some other movers in hong kong and elsewhere, we have nike supplier rising the most since august. alumina and player -- aluminum is on the move. it seeks to restructure its assets. -- testing a mobility ride service. sydney andver to joined paul allen. paul: the u.s. supreme court has ruled the trump travel ban can take full effect while legal challenges take place. the key victory for the president and suggests the divided court may up old the restrictions -- uphold the restrictions. the much-anticipated brexit failed to materialize in brussels. theresa may had been given a monday deadline uninterrupted lunch to call the leader of the irish party. they announced no deal. germany is closer to a new coalition with social democrats approving talks. those talks will be constructive and open and are expected in the coming days. the move still needs the endorsement of the party rank-and-file. they have been wary of renewing the coalition after the disastrous elections. plans to

in hong kong. i'm haidi lun and this is bloomberg markets: asia. asia-pacific markets start the last month of the year in positive moves. stock are supported by tax optimism. new highs on wall street. brothers in arms. saudi arabia and russia stand together as opec extends the curve to american shale producers. keeping in contact, linkedin has big plans for asia. we are going to set the challengers and the rivals. we are heading into the end of the trading week here in asia, and we do have a really supportive lead from wall street as we had the dow passing 24,000. the s&p seeing its longest streak, monthly gains up by about a decade. we are going to get a potentially before christmas. we have over the last half hour or so had the announcement of suspension until 11:00 a.m. friday morning in washington. the key compromise has collapsed and is scrambling to salvage that. buoyancyeing the passed through to the asian session. couple of key numbers when it comes to the agenda today. japanese inflation edging slightly higher, but surging still half of th

the other thing i was talking about, and this concerns hong kong, have a look at the hong kong dollar. it does seem that is a big spike up. don't forget, two things. it is a pet -- fed currency. we export monetary policy from the fed. from them hong kong monetary lookrity earlier, when you at these rate differentials, expect this to start moving towards the weaker part of the trading range. if i take this back to 2004, you will know what i am talking about. unless the fed continues to normalize, expect the slide to move closer to 785. into how all of the central bank action we have seen, i am joined out of --gapore by mike cudmore mark cudmore. so far, a fairly eventful day, given the fact that we were expecting the fed to do it anyway. what stood out to you? dovish fed,e seen a a dovish reaction. some people in the market were betting that with so little priced, it is expectation that there will be a rate hike yesterday, three hikes for the seemed like2018, it a cheap pet to put four in the dot plot. are have confirmed there only three hikes next year, but all it weaken a little bit,

in hong kong. this is the latest first word news.ican tax cut in a speech on wednesday. he will speak as house and senate teams try to iron out differences between the two plans. republican leaders aim to have a combined plan agreed and ready for the president's signature before the end of the year. the u.s. ambassador to the united nations says israel and the palestinians must decide the status of jerusalem. nikki haley said she was reiterating the official american policy after president trump said the city was israel's capital. that sparked criticism among muslim and arab leaders and traditional u.s. allies. it also sparked clashes between israeli soldiers and palestinian youth. president macron on immediately revive middle east peace initiatives despite the recent decision to recognize jerusalem is a danger to peace. he hosted benjamin netanyahu in paris and began his remarks by condemning all acts of violence against israel. netanyahu meets ministers in brussels monday. air ande to tackle pollution has been given a reality check

are seeing hong kong up by 3%.re in taipei off by 5%, a producer of the apple wireless charger. perhaps the demand is not quite as strong as people thought for that product. manus, anna. anna: juliette saly in singapore. leading democrat senator, diane feinstein, said a case of objection of justice is developing against the president. she was speaking with nbc's meet the press. what we are beginning to see is a putting together of a case of obstruction of justice. i think we see this in the indictment, the four indictments. beenleas that have just taking place. i see it in the hyper frenetic attitude of the white house, the comments, the continual tweets. onus: trump was very active twitter over the weekend, but the comment that raised the most eyebrows was on saturday when he tweeted this. have a look. "i have to fire general flynn because he lied to the vice president and the fbi. he has played guilty to those lies, and it's a shame because the actions during the transition were lawful. therefore, there was nothi

the hong kong monetary authority has told us it will continue to support financial innovations in the industry and currently is unlikely to tighten regulations or follow china's lead which is good news for the unprecedented numbers authentic entrepreneurs setting up in hong kong. who has just launched a blog company they are playing the same regulation. then we won't be able to trade into. the currencies anymore but. technology is not only about three to currencies and exchanges and so you can still use technology for their fields experts agree they say within two years block technology will touch every aspect of our lives transport banking insurance or just paying. the city now has to find a way to control some of the risks that come with this new technology without slowing down its evolution. the headline on the al-jazeera libya has agreed to the emergency evacuation of refugees and migrants facing abuse in its detention camps the plan's been drawn up at a joint e.u. african union summit in ivory coast it's not clear how the deal will be enforced but migrants are expected to be sent

or hong kong stock exchanges and china.e australian government forecasting an narrower deficit as profits boost the tax take. --t even as there is we each week wage growth. let's kick off with wage growth or the lack there of. you have shaved off a quarter-point afford estimates. we do say you are being over optimistic? >> no, i wouldn't say that. we look at this every six months. what has been happening in australia is the mining investment boom and the impact on trade, commodity prices has disrupted normal transmission in the market. with that now passing through the economy, we are expecting the normal relationship in the labor market to come back into action, and that would mean as the labor market tightens, we will see stronger wage outcomes over the next four years. the other part of this was september low consumption figures, but overall, we have an improvement in the budget positionposition -- that has come from budget payments because of stronger reforms in the welfare sector and keeping welfare spending under cont

kong. i am rishaad salaam it. lamat. ♪ rishaad: asia-pacific markets falling at the end of the trading week. the topics set for a first weekly decline in four. new concerns the republican tax bill will struggle in the senate. slow but steady, good news for shinzo abe. rising optimism, and the recovery on track. which, bringing up this chart, showing how this has predicting the fall of the japanese economy into this deflationary hand we had. the white line suggest conditions as they are perceived at the moment. the blue line suggesting what the outlook is like. at a decade high, the manufacturing index. we have not seen it since 2007. looking good for manufacturing is the outlook. currently also trading to a level below a decade. nine-year highs there. they had been flatlining through the course of two or three years. suggesting the service side of the economy doing pretty well and looking like it will continue to do well, too. having a look at the first word news. dissenter at the bank of japan calling for more stimulus.

i'm rishaad home in hong kong. i'm haidi lou in sydney.sionary.

enda curran joining us from hong kong.n message was about controlling financial risk, so tell us exactly what they were referring to when they talk about risk. >> good morning. the focus is on keying up the banking sector. with targeting, who knows? perhaps, it is an acknowledgment that the economy and handle deleveraging of the financial change, chinaader does want to keep a grip on its own situation. they want to keep a grip on the base of credit growth in the economy. in the near term, the focus is banking andhe financials sector. it remember, at the same time they are trying to curb pollution. they have a lot of objectives, and ultimately do not want to take anything on that hurts growth. >> you cannot do everything it wants. but when it came to monetary policy, they are stressing this prudent and neutral policy stance for 2018. it is not like we will see benchmark rates go up anytime soon. endra: you are exactly right. the fed is tightening. we see tightening in europe. there's already an indication that china is head

on the new york stock exchange, abandoning its plans to list in hong kong.tock exchange is targeting the next alibaba by revamping its ipo rules. charles lee sat down with bloomberg in exquisite interview and explained who they are hoping to attract. charles: it is three key elements. one, we are opening a new chapter for biotech companies. their drugs, products not yet being approved so of course they don't have any revenue yet. >> this is the thing that some people were pointing to, that you are selling out because you are ending this property requirement. charles: nothing hurts about having to have a profit. we have a mining company. there is no dispute there is value in there. unless you have a railroad, you cannot sell your minerals. we do have pre-profit concent today. list without a profit as long as you are big enough. this new reform, biotech companies -- it is huge volume that has not been created in that space. i think we want to make sure that we opened for business for companies that are in the middle of clinical trials, but not get receiving ap

also taking half people's continue to live this is one of the town of hong kong we visit this neighborhood to find out why it's drawing international attention by the un's cultural agency is taking note. the arab league is holding an emergency meeting to discuss donald trump's formal recognition of jerusalem as israel's capital the us president's action has been condemned around the world and it's prompted protests funerals held. two hamas fighters to protest us who were killed by israeli airstrikes and shootings in gaza on friday elsewhere in the occupied west bank they've been confrontations between protesters and israeli forces palestinian leaders are meeting in ramallah to firm up a response to trump's announcement let's take you live now to occupied east jerusalem al-jazeera alan fischer is there where we've been seeing skirmishes between demonstrators and police for the last few hours allan what's happening now. we are right allan is not hearing us as you can hear allan you've got me now it's in the studio you're live on air. now allan can't hear us i tell you what well we'll move aw

hong kong has always positioned itself on the cutting edge of the financial industry which is why the buzzword at this annual conference is bluffing and how the entire trading world can cash in on the technology but some warn it comes at a price it is posing new regulatory challenges the speed with which technological changes are taking place much higher than we've seen before and secondly new entrants new entrants which are in particular startups but also big tech companies an example would be trying to contain the cryptocurrency phenomena in two thousand and nine bitcoin was the first to enter the scene using block change technology. there are now hundreds of crypto currency set here for the problem lies they cannot be treated like pass the script a car jesus actually it's open for future use and in most cases back you said you have to be defined so that created a lot of speculation making it a highly volatile investment for large gains and losses can be made very quickly for this reason as a pember mainland china suspended the trading of crypto currency and banned the launch of new

hong kong for five years? >> hong kong for five years and then i went to america.put everybody here and many, many more through school, lifted them up to a more comfortable life. and you left your family behind. that's never an easy decision. a painful, painful choice. aurora's children, now middle aged, are now getting to know their mother. >> okay. bring the food inside. >> anthony: many, many, many filipino women, like you, who had to leave their families, go abroad. >> absolutely. three children. my eldest is about four years in qatar and the other one is in hong kong. >> anthony: working conditions can be punishing at best, abusive or worse. >> i'm a single mom with my two grandchildren. i really worked a lot, especially this holiday season. >> anthony: still, due to lack of opportunity at home, many filipinos have little choice but to go somewhere far, far away. find a job, money. but hopefully in a few years they'll come back? >> yes. i'm not getting younger anymore. i need them at my side. i call them many times, please get home soon. i need you. find your

australia and hong kong are closed.e did see quite a bit of pressure on selective chinese companies. the nikkei was lower as well. turkish stocks having an astounding rally. s&p futures unchanged. u.s. 10 year, 2.48. across in the commodities space, some important moves for wti. had u.s. rigs not adding anymore. is at 1000 children $78 an ounce. it's not a dollar strength story. a little bit of anxiety coming from the catalog election. we have a few other elements as well. dollar yen up. currently that level is still a six-week low. policy getting back into focus for investors. dollar rand is the headline in the emerging markets space. close to the highest level in nine months. watch out for the ruble as well and the south korean won. be back with another update in the half an hour. ♪ ♪ emily: i am emily chang and this is the "best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, uber has a new number two. why the ceo tapped the former head of orbit to join his team.