oil prices according to petrochina.as been echoed by oil majors. other uncertainty pointed out is pipeline unit,he whether they plan to sell off some of those assets or list them or spin them off completely. will be asking questions about that regarding the stock. but shares in petrochina positive today following that seectation that they will up to 1.6 billion u.s. dollars in net income for china's largest listed oil and gas company. tom mackenzie in beijing, thank you so much for that. just ahead, better than expected quarterly profits and the ceo joins us exclusively to talk us through the numbers. this is bloomberg. ♪ shery: welcome back to bloomberg markets asia. hilton worldwide says it is continuing to work for china's h&h group and is not concerned that beijing's crackdown on risk-taking overseas. 25% of hilton from for $6.5e in march billion. the hilton ceo says the stakes are worth about seven .5 billion dollars today. meg whitman has quit the port of and she left accurate enterprise in 2018. the decision come

petrochina has essential movement in the oil space. australian energy players looking good, petrochina up by 3.4%. mentioned, the rba leaving rates on hold at 1.5%, the 10th month in a row -- the 10th meeting in a row, i should say. move,s why the rba won't a lot of analysts saying the are caught between a rock and a hard place. thatwhite line is australian house price index, home prices have doubled since 2009 and at the same time you are being australian savings ratios fairly stagnant. will the rba follow in the short to near-term? a lot of analysts say it is hard to do when you are seeing the house price index continue to rise. manus: absolutely, that the conundrum, isn't it, from a global perspective. 10 sent is down over 5%. -- tencent is down over 5%. n that internet giant in asia. let's state of play on the asian markets. andinternet mobile provider advertising e-commerce is technology in asia. let's talk about the politics and the tensions. north korea has fired another ballistic missile, the 11th test this year. the launch com

petrochina has also received a downgrade. stocks, interesting to watch. all coming under pressure. a lot of regulatory concern, but also bonds are expiring. bonds, up seven points 4% -- 7.4%. exceeding target production at a mine. we saw exports rise 9% from a month earlier. this was thanks to coal shipments rebounding sharply and the uptick in iron or. quite a good pickup coming through. quite a months we have seen a trade balance coming through from australia. thank you very much. the minutes, the all important hurting that happened. the minutes from the june consensusows the fraying at the u.s. central bank. lawmakers see gradual interest rate hikes as appropriate. foc highlighted divisions over the timing, as well as unease at recent week inflation readings. mike mckee has the details. investors wanted clues as to when the fed might start normalizing its balance sheet and when and if policymakers might raise rates. they got neither. most of the discussion centered around not when the economy would be ready for a taper but when wall street would. preferred to announce the start

petrochina has cut costs and says it will continue to keep a lid on expenditure.reditors for millions of dollars to finance its ongoing turnaround effort to provide loan guarantees. nikkei says the apple suppliers restructuring may involve halting production and cutting staff of plants in japan and china. shares have tumbled this year after sales to apple fell 10% in fiscal 2016. yvonne: hilton worldwide is continuing to work with china's hna group and is not concerned on beijing's crackdown on risk-taking overseas. hna bought 25% of hilton from blackstone in march and has similar stakes in park hotels and grand vacations for about $6.5 billion. the hilton ceo says the stakes are worth about $7.5 billion today. that is almost it for us here on "daybreak: asia." time for a quick look on the next few hours. david has been stepping in all week. it is going to be about the fed and how we have been obsessed with the tweaks in that statement. david: a little too much. in the absence of anything else, we try and decipher further the fed code. they dropped a few phrases,

petrochina was downgraded by bernstein in light of its lower old press forecast, and oil was put to aer its biggest loss in four weeks. it was the best asian currency in the first half of 2017, but traders unraveling forecasting $31 by year and a just around it earlier, a key support line that a broken could spur another pullback. with the low volatility that has been plaguing the markets, you can see there has been a of the upper band in yellow with the lower band in green and 20-band moving average. this is a sign of future volatility. ♪ caroline: this is "bloomberg technology." i'm caroline hyde. the competition in digital speaker assistants is getting more intense. alibaba has unveiled an amazon echo-like device. tencent and samsung each prepared to deliver their own -- develop their own ai-powered speaker. with more, mark gurman and our guest host for the hour, martin mignot. talk us through what we have being unveiled from alibaba. mark: the interesting thing is, only for the first trial, 1000 orders. i'm curious to see how high the price goes once they pass that or if there are

. ♪ mark: breaking news from petrochina. billionme to be 9-11 yuan.given a profit forecast based on china accounting. as much asng today 3.7%. versus 528 million yuan a year ago. we are just getting u.k. economic data crossing the turn erminal. theeconomy grew by 0.3% in second quarter. the first quarter to remind you was 0.2%. we're bang in line. the estimate was 1.7%. so, the lackluster performance to extend into the second quarter. just a modest pick up, as i said. the ons said the economy experienced and noticeable slowdown in the first half of the year. growth in the second quarter was led by services which rose 0.5%. the sole positive contribute her. production and construction were a dry. agriculture had zero impact. -- production and construction work a drag. has jumped.aking even with the improvement in retailing, the sector posted a flat growth through six months through june. the weak pound putting a strain on their pockets. and noticeable slowdown in the first half of the year. now, double-digit growth in footwear para hoping puma-- helpin