mr narendra modi prime minister narendra modi, having talked about the need to build and bring peace, equality harmony in this country and very much this visit, the fact that they have seen it fit to bring it to the northern provinces. you can see the main convoy being tight security marched in to the public library with a lot of security making sure that they have his vehicle covered. but about basically the meetings with the tamil national alliance, he stressed the fact that it is time to take the opportunity to the politician, the politicians that there is a wind of change an attitude with the new government, and prime minister narendra modi telling the tna that they should utilize the opportunity and not lose it. mr narendra modi comes bearing gives, doesn't he he's allocating a lot of new houses to those that lost their own accommodation. india has a complicated history with the tamil minority of sri lanka. i'm in india, and it serves the two countries, their ties a close affinity between the tamils in sri lanka and the tamil population in india. the prime minister will hand over

modi is the first indian prime minister to visit sri lanka in 28 years. in talks with sirisena he offered z a $318 million credit line to improve sri lanka's railways. >> support and good wishes for the new journey of peace, reconciliation and progress. we stand with you in your efforts to build a future that accommodates the aspirations all of sections of society. >> sri lanka's former president had a policy of accepting huge assistance packages from china to build infrastructure, but some objected to what they saw as an overreliance on this aid. president sirisena has indicated he would take a different approach. he said modi's visit has strengthened relations between the two countries to a higher level. china's strategy toward the region has been dubbed the string of pearls as it appears to encircle india through the construction of port facilities in sri lanka and other points. india is increasingly wary of china's increased activities in the indian ocean. modi's tour is believed to be part of an effort to limit china's influence in the region. before

modi is due to hold talks with the new president there.rade and investment are expected to be at the top of the agenda. let's go to our correspondent live from the capital and, modi returning a visit that was paid to him last month. we are seeing a strengthening of relations here? >> reporter: very much so. relations between sri lanka and indian india had been on the back burner due to the various sort of close relations of the previous government here in sri lanka had chosen to keep can china, obviously in terms of the region and strategic importance there were tensions. as a result, they had sort of an arm's length sproechlt since the new government, since zena has come into power, we have seen relations, offering to make delhi his first stop taking office and we see modi having returned that visit. he is just here at the presidential sec tree tear accurate when he arrived a few minutes ago, receiving a warm western carolina on his first state visit, the first stiffedvisit by an indian leader in more than 25 years. very much a lot of hop

we're having a look at narendra modi.inister narendra modi, his budget is being seen by some as a missed opportunity. a strong election mandate, it was his chance to bring india's finances under control but critics say he ducked the challenge. let's get to mumbai. very good morning to you. >> morning, rish. let me start with the good news, as far as foreign investors go. the finance minister has forced implementation -- two years. it will provide a lot of respite as far as foreign investors go. second investment funds or alternative investment funds, there has been clarity as far as investment in those goes. also there are two separate caps, portfolio investments as well as foreign direct investments. the government now has clarified that, brought them under a composite cap. investors are watching for any kind of clarity as far as real estate investment trusts go, or reits. that has been clarified. all of this definitely being seen as a move to try and open up the space as far as foreign investments go. now, what about th

. >> narendra modi has already met leaders of the tamil alliance. the former stronghold of the contaminateil tigers who were defeated six years ago. >> reporter: this visit by the indian prime minister, very much making a point of finding the time to come up here to the northern province, becoming the first indian leader to do so. essentially prime minister modi saying he supported sri lanka's independence movement, years back supported by india building bridges between the singalese and tamil community efforts to build a future that includes all communities including the minority tamil community that will ensure justice and equality for all these sections of the community. so all in all not just a feel good factor but an important part of have i have i sri lankan associate. housing built by the indian government for those who had been displaced by the war. >> talks of parliament have been postponed for five days after one side failed to show up. absence of the government based in tobruk. members from the trib li based national congress were concern

modi the first indian prime minister to visit sri lanka in over a quarter of a century. >>> chinese villagemonths after a devastating flash flood and doubts remain about the official government story about what happened here. ♪ the iraqi government is now confident that victory in tikrit is just days away. the iraqi army backed by sierra malitia and tribesmen have been advancing on several fronts and wednesday they captured some western neighborhoods and it focuses on the presidential palace and pockets of the city center and we report. >> reporter: pounding enemy targets on the outskirts of tikrit on the fourth day of a huge offensive. about 3,000 iraqi soldiers and police have been attacking positions held by i.s.i.l. as they try to reach the city center and backed by 20,000 malitia men known as the popular mobilization forces and sunni tribesmen and not lacking military hardware they have been slowed down by snipers, suicide bombers and boobie trapped buildings and this shows stopping i.s.i.l. suicide bombers in a vehicle from reaching the barocks and that are in the western am ambar pro

narendra modi becomes the first indian prime minister to visit sri lanka if over a century. in over a century. >> the iraqi deposit is now confident that victory in tikrit is just days away, the iraqi military has been advancing on several fronts. on wednesday forces recapture some neighborhoods only leaving some patterson of the center city in i.s.i.l. hands. >> about 3,000 rake soldiers and police have been attacking positions held by i.s.i.l. as they try to reach the city center. they are backed by 20,000 militia men and sunni tribes tribesmen. suicide bombers and booby trapped buildings is slowed then them down. stopping i.s.i.l. suicide bombers in a vehicle from reaching a baker barracks. the forces are triumph ant. ant. >> thank god. we dead mated their car bombs. >> in baghdad veterans have been queuing up, an organization by iraqi artists. >> should participate in this blood donation campaign. this is a simple thing i offer to my country. >> reporter: elsewhere in the capital, the prime minister said forces fighting i.s.i.l. had made huge gains but also had to protec

modi shies away from taking a tough line in his first budget as prime minister.ig shorts, china eases restrictions on the shandong -- shanghai-hong kong connection. edgy, samsung try something new in its efforts to win back market share from apple. first we have breaking news out of australia, the release of a private age of inflation for the month of february. let's get to paul allen in sydney. td securities reports that inflation is flat. looks like more support for rate cuts from banks tomorrow, right? >> that's right. inflation is very benign in australia, and certainly gives room to move if they want to. inflation flat for the month of february, according to td securities. midyear of february, 1.3%. price rises in february were led by automotive fuel, utilities, and insurance. it was offset by falls in the price of fruit and vegetables, and books and stationery. even when you strip out those volatile items like fruit and vegetables and fuel, the inflation rate was still flat. the reserve bank of australia does meet tomorrow for the second time in 2015. td se

this comes right on the heels of the big union budget of the first prime minister modi. it now puts us on a trajectory of using at about 7.5% -- that is the benchmark rate at the central bank. the big question is where banks cut rates. india is poised to grow 8.5% for the current year. corporate india has been very skeptical and has been complaining that it remains very high. this comes as a surprise and every economist that bloomberg has surveyed said they do not expect a mid-march cut. one thing that will ease the nerves of empires is the fact that the r.b.i. in the government are finally singing the same tune. the chief economic advisor to the government and the finance minister have reiterated that they are on the same page when

modi the first indian prime minister to visit sri lanka in over a quarter of a century. >> harry faucetrom the chinese village 19 months of a devastating flash flood here along with the damage serious doubts remain about the official government story about what happened here. ♪ iraqi government is now confident victory in tikrit is days away iraqi army backed by shia malitia and tribesmen on the front and recaptured some of the western neighborhoods and it focuses on the presidential complex and city center and we are live here in the studio and covered iraq for many years, is this battle in tikrit going as quickly as officials tell us? >> it's certainly going quickly whether it's as quickly as the officials are saying earlier in the week they said they would be in charge of the city of tikrit and would have taken it by about wednesday and it has not happened and they are rolling back on that slightly but going quickly for a few reasons, the fact they have a unified iraqi security force which is shia malitia and sunni tribes can go in for places under i.s.i.l. control and the palace and

modi modi modi's reforms seem to be catching the eye of global investors and taking hold.re huge opportunities ahead even in the differential between china and india. >> everyone thought the oil price would drop. it goes up. i can't turn around and immediate ly immediately spend the tax benefit i've been given. i think that's a little bit of a lag. if oil prices stay where they are, it's a big consumer benefit. >> greek prime minister -- he accused the two governments of leading a conspiracy amid fears of anti-austerity forces. let's get to seema at the mobile world congress in barcelona with special guest. seema? >> thank you very much. as you know spain is one of the oldest nations in europe but given financial and economic here in europe and here in spain that's given rise to new leaders who are promising better times ahead and leaders here in catalonia feel they're better off as an independent nation to get more about this if it will happen. we're joined by catalonia president artur mas. thank you for joining us. help our audience understand what does a separate catalo

i think the world once per prime minister modi to succeed. -- wants prime minister modi to succeed. first visit as president of the society will be to delhi. want to work as actively as we can with the indian government to make sure we can cooperate on their policy success. >> what is your favorite chinese proverb and what does it teach us about chinese culture? >> i assume that inclu precludes rude statements. the asian society is a family society. the one that captures my mind. is a saying of mao's. it represents all that china represents not to be the case. he said the following. there is chaos in heaven. there is chaos under heaven. the political situation is excellent. now, the great revolutionary -- mao, the great revolutionary was in the business of permanent revolutions. if you look at the antithesis of that, a progressive and orderly systematic reform program under regular forms of political leadership with no great surprises on the way through that is what the chinese are seeking to do. whenever you quote that phrase our chinese friends freeze because they know what it was

-backed talks to try to end the violence. >>> india's president narendra modi is visiting sri lanka. >>> the war is entering it's fifth year, the u.n. said that there are millions of people in besieged hard to reach areas in desperate need of aid and the threat of isil is making it harder for help to reach them. bernard smith reports. >> from the moment they're born most syrians are now reliant on foreign aid. here it means the difference between life and death. but now as of isil has emerged to take control of some areas in syria, security concerns make it difficult to get aid through. >> we say it's a shrinking humanitarian corridor. it's a common phrase. it is just more difficult to get supplies from here to there. and for sure going deep inside syria where we were able to get fairly easily get in, and the governor on the east side of the country. now that road is trench treacherous. it's very, very dangerous. >> but it's not just fighting that stops aid from getting through. many of the governments and shares that supply aid groups will not allow help to be stent to isil-held are

. >>> healing relations narendra modi visits jaffna to meet the displaced from sri lanka's long civil war. first, iraqi forces battling i.s.i.l. say the city of tikrit will be freed within 72 hours. control of tikrit which is the home town of former president saddam hussein is seen as crucial in the fight against the armed group. people, at least 13 kurdish peshmerga fighters have been killed in i.s.i.l.'s shelling. this incident took place south of the oil-rich city of kirkuk. let's talk to our correspondent jane arraf, in the iraqi capital. first of all, tikrit how credible is the optimism from the iraqi forces that they could liberate this important town within three days. >> well liberate is a sweeping word. what they are saying is they believe that they are confident in eradicating the i.s.i.l. preps in tikrit. the major pockets of i.s.i.l. i.s.i.l. holds half the city. it's not a huge number of fighters. the reason this is taking so long, and the offensive started a week ago, is i.s.i.l.'s main tactics are explosives and snipers, and people willing to blow themselves up. as iraq

. >>> narendra modi visits sri lanka. >>> yemen's houthi rebels have taken over the capitol say they have reached an agreement with iran to boost the economy. meanwhile, a new coalition has been formed against the houthis in sanaa. presidents and close aids remain in aden after escaping house arrest last month. we have reports on the political stand off. >> there is a power vacuum in yemen, and iran appears to be capitalizing on it. since the shia houthies forced the president to flee the capitol, iran has found a willing partner. a houthi delegation has just returned from a two-week mission to iran with an economic aid package. a houthi spokes than said that iran is pledging to expand a port help build a power play and provide yemen with enough oil to last a year. they say that the pledge will boost the economy. a spokesman for the exiled government says that the only ones getting a boost from this deal are the houthis. >> the iranian interference is about troops. i don't think iran cannot forwardafford that kind of money. >> it comes after the recent announcement of direct flights

francine: prime minister modi was elected on easily doing business in india. this budget is going in the right direction. will people feel it that way? it seems that they are a little more conscious than what you'd like. will this give confidence enough to people investing in india to continue doing so and accelerate investment? >> what everyone looking at india must look at the long-term picture. india's growth rates in the past have crossed 8%. in fact, for several years it's crossed 8% and in one year touched 10%. india is capable of double-digit growth and what they want to do. also, they want to do it in a prudent way. the finance minister said he wants the fiscal defendants to come down to 3% which is good news. but also in terms of promoting growth they want to do it in a steady way and not announce big bang reforms and promise what they can't deliver. they'd much rather underpromise and overdeliver. i think people recognize that. that makes sense. look at the initiatives to have a g.s.p. goods and services taxed to be brought in and something that's be

thanks for watching i'm wilfred frost. >> i'm seema mody. next up is squawk box. >>> good morning, the brazilian company that co-owns heinz in talks to buy kraft in a price tag that could top $40 billion. and too close for comfort, new questions about google's access to high ranking white house officials during an anti-trust probe of the search giant. and forbes set to unveil it's annual list of the world's best technology investors. we'll tell you who tops the list and who missed the cut this year. it's wednesday march 25th 2015 and squawk box begins right now. >> live from new york where business never sleeps, this is squawk box. >> good morning and welcome. andrew has details on the deal for craft. >> we are waiting for the deal to cross the tape. we do believe a deal was reached. sources are telling us a transaction has been reached between kraft and heinz. warren buffet and 3g putting the companies together -- it's crossing the tape right now. let me explain what's happening here. we're going to have a transaction where heinz becomes a

i'm seema mody. >> i'm wilfred frost. here are your headlines from around the world. >> the green back continues to be the story. the strength of the u.s. dollar expected to dominate trade as it rises to levels not seen since 2003. but the euro rising against the dollar for the first time in two weeks. >> still stressed out. bank of america trading lower after the fed gives it only conditional approval for its capital plans. some fail the tests all together. >> volkswagen moves full speed ahead in china. plans to boost production after posting a record year for profits. we heard exclusively from the ceo and chairman. >> two police officers have been shot during proterss outside the police department at ferguson missouri. this is following a report citing widespread racism in the force. >> welcome to the show. let's bring you breaking headlines coming out of volkswagen. they announced that 2014 profit hit a record high of 17.9 billion euros. they also said they plan to increase china annual production to 5 million vehicles

you're watching worldwide exchange i'm seema mody. >> i'm wilfred frost. here are your headlines from around the world. >> the dollar rebounds despite tensions in yemen. >> the instability helps push u.s. stocks into negative territory for the fourth straight sessions but futures point to a higher open today. >> amazon goes shopping. the e-commerce giant is in talks for its biggest acquisition yet. >> yahoo! shares move higher after the board approves a $2 billion stock buy back. this as it prepares to spin off it's stake in alibaba. >>> what a weekend itsz been's been for markets. yesterday we did see it strengthen against the euro. a lot of focus for yemen as well. a lot to digest. >> that's been one factor but if we look over the last four weeks last week was the first week of gains for u.s. equities. we thought that might be the turn around and this week once again very volatile and negative for u.s. markets. >> it was one of the biggest underperformers this week. a lot of that having to do with bio tech. a little bit of a rebound yesterday. let's take

narendra modi their mark marquess for roads, bridges, and power plants to spur growth -- earmarked cash for roads, bridges and power plants to spur growth. imports are expected to surge in the coming weeks as traders replenish stock. many have put off buying gold the cause of concessions in the budget. they have no options than to buy a current prices. india wants to tackle so-called black money stashed away in overseas bank accounts. arun jaitley said the government is planning new legislation that went reduce steep fines and prison terms for tax invaders. >> concealment of income and evasion of tax will be prosecuted with punishment of imprisonment up to 10 years. >> let's get more on this with our india anchor. good to see you in our hong kong studio. >> this is seen as a balancing act. fiscal consolidation broadly he has extended that. he is committing a significant amount of money and building more roads bridges. he is also putting money in banks for banks to fund these projects. he is putting money to push growth, investment, maintaining his fiscal consolidation plan. >> how exact

governor rajan delivering the cuts following the latest modi budget. francine: standard chartered posts a 30% drop in full-year profits. jonathan:guy: reports suggest that rbs and barclays are looking to accelerate their exit from investment banking with thousands of job cuts expected. good morning. welcome. you are watching "the pulse." i'm guy johnson. francine: and i'm francine lacqua. banks are in focus today. standard chartered posted a 30% drop in full-year profit. guy: anna edwards, what did the bank have to say? >> very interesting what the bank is saying right now. the bank has no plans to raise capital, saying they start with very strong capital and that could be one of the reasons we are seeing a little enthusiasm for the stock. there have been questions raised by investors as to whether one of the things the new management team might need to do is raise capital. the stock is up as you can see by 5.3%. what else they told us was that the pretax profit for the full-year came in below estimates. $4.24 billion in pretax profit. the estimate had

. >>> now, the prime minister modi promised closer economic ties with sri lanka. speaking of the talks with the new president, mr. modi said he would address trade concern and help with some key projects including the development of the islands railways. mr. modi is the first indian prime minister to make an official visit to sri lanka in almost three decades. he spoke of sri lanka's and india's shared history and shared future. >> being in the region out on the same journey, the lives of our people. when we work step in step. >> you're watching news day on bbc. >>> still to come on the program, what does this mean to modern day india? we'll find out. bring the delicious taste of hershey's chocolate to anything - everything. with hershey's spreads, the possibilities are delicious. ♪ real fruit in silky smooth dove dark chocolate. new dove fruit. choose a pleasure less ordinary. >>> this is bbc world news. the latest headlines. iraqi government troops backed by shia militias are consolidating their control as a large part of tikrit in an operation to recapture the

modi the sxwinl prime minister is the first such lead tory visit what was once a stronghold of tamil tiger rebels. they were defeated in the civil war which ended six years ago. fernandes was in the northeast and sent us this report. >> this is only a flying visit but indian prime member minister modi found time for the people of northern sri lanka. the feel-good factor was present as he stopped at the library. >> one of the many reasons i came here is to set foot with jafner and this great society which the whole world is praising. >> speaking in colombo in his arrival on friday prime minister modi said india will support sri lanka for reconciliation after decades of civil war. >> we stand with you in your effort to build a future that accommodates the aspirations of all sections of the society, including others for a like of equality justice, peace and dignity >>> the messages: >> to be patient, that india would be with us and that by not rocking the boat too much not derailing the process, we should take it to its logical conclusion and actually reap the benefits of this change. >

i'm seema mody here in barcelona.bate what the next tech gadget will be we have been also watching the nasdaq. the tech heavy index which did break 5,000 earlier this week. the first time in 15 years. a lot of focus on the out performance of technology shares. the focus on apple as well. it played a major role in the rally we have seen and technology shares hitting an all time high earlier this week. what are international leaders saying about the nasdaq a5-k. hear what they told us here at mobile world congress. >> i do think there might be some companies that could be best in one particular thing that could be overvalued but then you say to yourself there's not a lot of those growth options in the market and maybe they have overinvested in those. they also rationalize themselves out over time. >> i think it's totally realistic to think that some day we're going to have a nasdaq 10,000. so i don't think the bubble is nasdaq 5,000. we're at the beginning of something bigger than anything we have ever seen with the wor

narendra modi has met leaders of the tamil national alliance in colombo. his trip is seen as symbolic after calling on the majority senna lease government to give greater autonomy to tam ills. >>> the united states and india condemn the imprisonment of the former president of maldives. he was sentenced to 13 years for ordering the arrest of a senior judge, something he denies. he was maldives first democratically elected president >>> zimbabwe health care sector suffered from years of neglect. much of the infrastructure is in disrepair. $100 million for new equipment, a loan from china, should help. >> this is president robert mugabe - here to see what 100 million of the chinese money could buy. robert mugabe, who travels to singapore for medical treatment, hopes it boosts their facilities. >> we must not allow the system to come down again. no. let's fix it. >> zimbabwe's economy is in trouble. it's suffering from falling foreign investment and chronic unemployment. robert mugabe faces travel bans and sanctions in the west over human rights abuses and all

i'm seema mody. >> i'm wilfred frost. here are are your headlines from around the world. >> the price of oil spikes higher after air strikes on yemen. they call the operation u.s. backed aggression. >> they agree to pay $235 million for violating u.s. sanctions in iran and sudan capping a six year investigation. >> global markets in the red. the biggest loss in ten weeks aztec shares sell off. this after the nasdaq has its worst day in nearly a year. >> media reports surveillance quest one of the pilots on the crashed german wing's plane may have been locked out of the cockpit during the aircraft's descent. >>> welcome everyone to the show. if you're just waking up and looking at your portfolio yesterday was a rough day on wall street and what made yesterday's price action particularly interesting was we did see a rebound in oil prices but despite the out performance in energy shares stocks fell across the board. the dow down about 1.6%. the s&p 500 still holding on to the psychological level. but nasdaq biotech shares mo

president, bill clinton and indian prime minister, modi. there are dignitaries from russia, israel, former u.s. secretary of state, henry kissinger is there. they were great friends. kissinger is also 91 and traveled all the way from the united states to bid farewell to his friend. >> thanks very much. now, a robotic device is opening doors to all museums, even those who cannot travel. we'll explain on cnn news room. [ male announcer ] you wouldn't leave your car unprotected. but a lot of us leave our identities unprotected. nearly half a million cars were stolen in 2012. but for every car stolen, 34 people had their identities stolen. identity thieves can steal your money, damage your credit, and wreak havoc on your life. why risk it when you can help protect yourself from identity theft with one call to lifelock, a leader in identity theft protection? lifelock actively patrols your sensitive, personal information, helping to guard your social security number, your bank accounts and credit, even the equity in your home. your valuable perso

. >>> and narendra modi meeting people who were displaced by sri lanka's long civil war. >>> yemen's houthi rebels who have taken over the capitol say they have reached an agreement with iran to boost the economy. meanwhile, a new coalition has been formed against the houthies in sanaa. the president and his close aids remain in the city of aden after escapeing house arrest last month. we have reports on the political stand off. >> reporter: there is a power vacuum in yemen and iran appears to be capitalizing ton. since the shia houthies forced him to flee the capitol iran has found a willing partner. a houthi spokesman said that they'll provide yemen with enough oil to last a year. the houthi's say that the pledge of support will boost the economy and bilateral relations. a spokesman for the exiled government said that the only ones getting a boost from this deal are the houthis. >> the iranian interference is merely about military support to some militia or militia groups. iran has then supported any country economically. the most important point hire is the yemeni daily consumptio

into the business trustworthy nation that mow mody has been addressed.scussed whether it's too high. >> it's better than you and me and therefore investors when they assess the steps which have been taken, there are more realistic missions of the market. >> but some investors are concerned india's markets have run up. they say at one point valuation will be a concern especially if they don't show signs of improvement but the bulls continue to show signs of positive. i was told the cost savings associated with lower oil prices has been used to fund infrastructure projects. if prices continue to fall that will give the government additional capital to allocate toward rye building the country. just today they got the endorsement from christina lagarde that it's the bright spot. >> thank you very much. mass protests in the streets against the leader. michelle cabrera russo. >> billions of dollars have gone up in smoke and they're calling for the itch peachment of the president. massive, massive scandal. more details on that after the break. ahhh- ahhhhhh. li

i'm seema mody. >> i'm wilfred frost. >> the federally fizzled. a mixed open after a late rally on wall street yesterday but european markets push higher with the ftse 100 hitting a fresh record high. >> the dollar fights back after pushing it's biggest day fall in 18 months yesterday. today's move puts oil back on the slide with wti hovering around $43. >> target agrees to a $10 million settlement for last year's credit card data breach. this amid reports they're following in wall street's footsteps with a minimum wage hike. >> the sec paves the way to vote on a potential spin off. >>> and welcome to worldwide exchange. the fed did it again. removing the word patient but saying the rate rise would not come as likely. the nasdaq composite breaking 5,000 briefly in yesterday's session. let's take a look at u.s. futures right now. they are pointing to a lower open despite the rally that we saw yesterday so it does seem like there's a little bit of nervousness in the market. investors still trying to assess what that fed statement means for global ma

since the war ended, narendra modi has been calling on promotion of reconciliation. we have the latest from jaffna. >> the indian prime minister making several very important points. we heard him talk about india's support of sri lanka as they pursue the reconciliation process, basically a process that will be expedited by introducing the 13th amendment, essentially changes to the constitution. and bringing peace to these communities. here in jaffna, just behind me you see the historic jaffna public library a symbol of culture and learning wand burned down because of the war and it has been rebuilt now. he met the officials and essentially watched a cultural performance by school children. but his message is about the affinity between india and sri lanka, an affinity that has been strained, but here in the northern province, not just is he talking about india standing side by side with sri lanka for a pursuit of the future, but for all in the country including the tamil minority, which which he said would bring dignity and justice and peace for all and he talked very

. >>> joining us to discuss the expectations behind prime minister narendra modi's second budget is a senior programme associate for south and south-east asia at the woodrow wilson institute. we appreciate your time. the first budget did not dazzle economists. how about this one? >> well i think this one has been received more positively. the first one was seen as not really much of a budget at all. it was incomplete, and i thing that people had high expectations for the budget today, because it's the fes opportunity for people to really know how prime minister narendra modi means to proceed with his plan to fix the economy. and that after all, when he won the election in a land fight last year he was given a huge mandate to fix the economic. that's what he said he would do on the campaign trail. until now there has been a lot of promises verbal assurances that things would be done. we had a quaza budget which didn't say anything, today he announced a lot of impressive things going from progrowth reforms to more pro-poor social we'll pair policies. i think he was... . >> let's break i

they were defeated in the civil war, narendra modi met leaders of the tamil alliance in the capital. and they are joined from jaffna. it's an important visit overall, not least because of the significance of where it is now. >> the indian prime minister is making several important points. we did hear him talk about support for sri lanka as it reverse to the process. they are constitutional changes. many were supported. that was at that day looked at and targeted bringing peace between the communities. here in jaffna behind mean you see historic public library, a symbol of culture and learning burnt down during the course of the war. it's been rebuilt. he met the chief minister governor and officials, watched the cultural performance, but the messages are not political. it's the affinity between sri lanka. one that had been in previous years with the government being closely aligned to china. here in the province not just is he talking about india standing side by side in a pursuit of a future for all communities in the country, including the tam ill minority bringing equality justice

. >> narendra modi is the first leader indian leader to visit the area of the tamil strongholds. we have the latest from jaffna. >> reporter: the indian prime minister making several really important points. we did hear him talk about india's support for industry sri lanka and reconciliation. they looked at bringing peace to the communities. just hyped me you see the historic public library, a symbol of culture of learning. it was burnt down because of the war. it has been rebuilt and it's very significant. he came here and met the chief minister of the area, the governor, and watched a cultural performance by school children, but his message is not just political. it's about that affinity between india and sri lanka an affinity that has been strained. but here in the northern province not only is he talking about india standing side by side in its pursuit of a future for all communities in this country, including the tamil minority, which he said would bring equality, justice dignity and peace for all and he did talk very much about the fact that the tamil national alliance he s

modi the first indian prime minister to visit sri lanka in over a quarter of a century. >> harry faucete

modi the first indian prime minister to visit sri lanka in over a quarter

narendra modi becomes the first indian prime minister to visit sri lanka if over a century.

by and large, there seems to be a modis de investigates vendi where the malisha and advisors are working one side and the iraqi forces are working independently and u.s. air craft are above the sky, both in the south with the iraqi security forces and in the north supported the peshmerga. i think everybody is certain the next objective is going to be molies. some fighting between but that is a major military objective, the second largest city in rex and a major political objective as well. while the west along the euphrates for the most part has been somewhat abandoned over the past few years, the anbar prove inc. acknowledged it's a sanctuary for terrorism. what has happened in mosul and the region along the tigris is relatively new. >> i think the new government of prime minister abadi recognizes that not only for military reasons but for politicalngs reasons, he needs mosul back in the hands of the iraqi government. >> at least found people have been killed and dozens more hurt in churches in pakistani. taliban say they were behind the attacks which were in lahore? >> victory i can't

they say india's investment environment has improved under the reforms of prime minister narendra modi. economists at adb urged countries in the region to reform their economies while crude oil prices are low. they say that that will help the countries brace for a time when prices rebound. let's get a check of the markets now. tokyo stocks ending slightly lower today on what was apparently some profit taking. the bench mark nikkei closing down 0.2% 19,713. now the index had been inching ever closer to that key 20,000 mark. but it finished in the negative for the first time in three trading days. we had china's weak pmi data, also dampening investor sentiment. the shanghai composite fell today after the release of those pmi figures. it did reverse the losses and managed to close in the positive up just about 0.1% 3,691. the index has extended its winning streak to ten days. and sydney prices there rose 0.2% ending at 5,969. the index was hovering just below the key 6,000 mark. resources and energy related shares were up on firmer commodity prices. let's see how the rest of the region fi

reporter: world leaders, including japanese prime minister shinzo abe and indian prime minister narendra modi attended the ceremony. lee's eldest son delivered the eulogy. >> mr. lee once said that we intend to see that singapore is here 1,000 years from now, and that's your duty and mine. mr. lee has done his duty, and more. it remains our duty to continue his life's work to carry the torch forward, and keep the flame burning bright. >> reporter: singapore had few resources when it was expelled from malaysia and became independent in 1965. even its water was imported. lee launched a program of nation building. he introduced tax breaks to attract investment from japan and the west. and he set about raising educational standards to ensure a well-trained workforce. he attracted foreign investments, and turned singapore into an industrial nation. japanese companies in the 1980s helped build one of asia's largest petro chemical complexes in the island nation. but lee's critics said his policies were too authoritarian. lee believed that some restrictions on human rights and freedom of speech were

prime minister modi as prime minister, the destiny could be met.he presences seen in not light. -- in that light. to be fair, lee kuan yew was critical of india in the early days. >> it is said one reserves the one they are to attached. mr. lee kuan yew was attacked to india. haslinda: he was frustrated. >> he was frustrated, but how else are you going to get them buddy to say, wake up and -- get up and see say, wake what can be done. that is what happened. singapore was there to take advantage of that and to work with india in moving forward. there was a cartoon. share with us. rate, and a giant prostat lee kuan yew whispering, wake up, india. there is a thought mr. lee kuan yew is it halting indian leaders -- exalting lee kuan yew. haslinda: we know indians contributed to sing up or's growth. growth.pore's how do you see the relationship going forward? baggage -- the any see any baggage. we look at india being a springboard. hereact 6000 companies are -- singapore is too small to absorb all of them. we make it a point to make this place has visib

in india, it is interesting to see how prime minister modi use the internet as a primary campaigningool to connect with people. i visited a village that had just gotten connected and i thought it was really interesting to see how the students were growing up with the internet using it to learn and basically we had all of these adults asking kids how to do stuff and look stuff up because the kids were looking up how to use the internet to learn and that was something the older generation did not have. >> that was mark zuckerberg. "bloomberg west" will be right back. ♪ >> is airbnb worth $20 billion? the latest valuation gives them that value. five percent of the company airbnb, $20 billion, more than starwood. our correspondent joins us in new york. we have heard rumors of a round. raising $1 billion is unheard of, let alone a $20 billion valuation. >> i don't know if i am surprising more. >> what is it about airbnb that causes this excitement? is it another company like google or spacex or snapchat. because they are there, they can get it? or is it something particular drawing money

governor rajan delivering the cuts following the latest modi budget.e: standard chartered posts a 30% drop in full-year profits. jonathan:guy: reports suggest that rbs and barclays are looking to accelerate their exit from investment banking with thousands of job cuts expected. good morning. welcome. you are watching "the pulse

i'm seema modi. >> i'm wilfred frost. the u.s. dollar on a tear ahead of the u.s.ectations of other month of gains above 200,000. but could bad weather put a damper on february's jobs number. >> the results are in. all 31 u.s. banks passed the first round of fed stress tests but goldman sacks and morgan stanley fair the worst under a severe crisis scenario. >> apple pay gets hit by fraud. criminals are using relatively low tech methods to take advantage of the mobile payment system. >> another major incident on the rails. a rain carrying crude oil derails in illinois with several cars catching on fire. you're watching worldwide exchange. bringing you business news from around the globe. >> welcome to the show. u.s. stocks did end the day higher. right now futures pointing to a lower open ahead of the highly anticipated jobs report. of course this is one of the most important pieces of data watched by the fed and for that reason the market will be watching today's number very closely. economists are also watching the employment report for a potential increase in wag

. >> hi everyone i'm seema mody live from barcelona and it's all about the survival of the fittest. we have coming up on the show ceo of blackberry, john chen talking about how he plans to keep the company relevant as it shifts focus from hardware to software. plus the cofounder of htc joining me in around 30 minutes to talk about the latest flagship smartphone and the move into virtual reality hardware. where will the next google or facebook come from? europe? i'll be getting more from phillipe. >>> you're watching worldwide exchange. bringing you business news from around the globe. >> hi everybody. officially good morning. welcome to two hours we have together. we have a lot going on. >> we do indeed. >> good to be back on the show. >> lots of coverage coming. we're manning the fort here. >> exactly. there's a lot taking place this weekend. of course it's march. can you believe it. >> time flies. >> yeah and now we're in marchand it says here it's roaring in like a lion in the u.s. markets which it is indeed. yesterday's rally helping the nasdaq to lose above 5,000 for the first

. >> when pearl business narendra modi took over as prime minister he disappointed many conservationistsproving projects that would cut into the forest, but they're pleased they kept this guy, trenvassa ready. have you ever seen a tyinger in the wild? >> many times. a >> what's it like? tell me. i came a long way, but i have yet to experience it. let me live vicariously through you. what's it like? >> it's very thrilling seeing a tiger in the wild. it's very thrilling. and whenever i see this tiger i was more motivated to protect that beautiful creature. >> he dreams of a day when they can save tigers from poachers by droens. when real life flyovers will allow the big cats to roam from forest to forest despite eight-lane highways. >> having development with concern for the wildlife is a win-win situation. >> this is what we've created. >> poonam and harsh have another idea, convincing farmers to quit farming. let their land go wild and live off the eco tourists who they hope will come in droves. is it your vision that this whole area would be forest instead of farms? >> yes. and happier

at the same time under prime minister narendra modi the country's intention may well will to become armsmanufacturers and buyersal. >> india plans to spend $120 billion over the next five years to upgrade obsolete military equipment. the long-term plan is to produce most of its military hardware. but since that could take years india in the short term will remain one of the biggest arms importers in the world. >> a rainstorm hit northern parts of india on sunday. well there has been flooding in the u.s. as well, rising waters in" and kentucky have blocked roads and homes are submerged. the ohio river has reached it's highest level in 20 years. they warn that the flooding will persist through the week. here's what is coming up on the news hour. soccer makes it's latest pitch to gain a hold inside yankee stadium. >> south koreans are taking part in a nationwide civil defense drill that coincides with military exercises. as ron mcbride reports not many people are showing interests. [ sirens ] when the sirens player everyone knows the drill. that seems to be the problem. they know it so well