the reserve bank of australia has maintained its interest rate at 1.5%.s supporting the domestic economy and this should help bring inflation towards its target rate. australian interest rates have been at record lows for 18 consecutive months. singapore's central bank says there is no strong case for banning cryptocurrencies. the bank has been studying the potential risks but the deputy governor says that it is too early to say whether virtual currencies will succeed. iam sure i am sure he is not alone in that thinking. that's it for business briefing this hour. up next, newsbriefing. in the meantime, here are some of your responses to the events around the world. one viewer, stephen, says the world. one viewer, stephen, says the bbc and sally, you are stirring up the bbc and sally, you are stirring upa the bbc and sally, you are stirring up a non—crisis. calm down. we are staying very calm and we are bringing you some good analysis. many are saying it is a panic and not something to be fearful of. i will see you very soon. we will have more on those sto

australia. we look at some of the challenges facing the reserve bank of australia.ur phones and computers the same way these days. so why do we pay to have a phone connected when we're already paying for internet? shouldn't it all just be one thing? that's why xfinity mobile comes with your internet. you can get 5 lines of talk and text included at no extra cost. so all you pay for is data. choose by the gig or unlimited. and now, get a $200 prepaid card when you buy an iphone. it's a new kind of network designed to save you money. call, visit, or go to xfnitymobile.com. >> it is 10:29 in hong kong. one confident in sydney. i am haidi lun. let's get the latest on these markets. is happeninghat with the hong kong scene. today, thispushback is the biggest one we have had since july of 2016. asian stocks are trading in this territory. >> this could be the buying opportunity for those that this -- missed out on the rally. the stronger growth -- growth momentum in asia as well as economies like the u.s. and europe. we are not seeing that as soothing investor nerves. it h

is groundhog day for the reserve bank of australia. inflation, still pretty weak. ust last week, 1.9% for the year. outside the band of 2% or 3%. wage, growth, still very weak. household debt at 188% of income, at a record high. they really couldn't fighten, even if it did want to. beene plus side, there has very strong jobs growth. maybe wages growth is on the way reserve has said in the past that it's prepared to be patient when it comes to inflation. but, yeah, we have to -- we're on language watch basically. pricing inw november. as the most likely month for tightening. a little bit of data coming out ahead of this decision. retail sales for the month of december coming out within the next hour, expecting to see that just .2% growth. trade, though, expected to million. surplus, 200 and encouragely, it has at least in the past couple of weeks. >> paul allen, thank you so very much for joining us. up next, could another financial crisis be brewing? risk assessments from the minneapolis fed president and publisher and editor. bloomberg. ♪ >> this is "daybreak asia.

yvonne: the reserve bank of australia becomes one of the outliers, right?are looking at their economy, lots of jobs created last year. wages are still so stuck in low gear. that has been of global strike, but it seems like for now, maybe the corporate tax cuts from turnbull will get things going, but maybe by the end of the year people think they could move, maybe not. richard: we think they will move by the middle of the year. the economy is doing very well, growth numbers are fine. as you say, the inflation and wages are fairly subdued, a global story. you have to take a forward-looking view, you can't wait until it is a problem before you start to adjust policy. guess currency has been relatively strong, that will probably hold him back, but on the balance of risk, they will once, maybe twice this year, a little like the fed. no real hurry, that at the same time you have to pay attention to the underlying economic conditions and we balance policy as the balance of risk in the economy changes, which it is doing. yvonne: we certainly saw information from t

to $900.ould plummet the reserve bank of australia lucy ellis -- the unemployment rate went up as more people look for work. that she and her calling see no reason to change views. the london airport is expected emergency services are removing a bomb that dates back to the second world war. the bomb was found during development work. the capital was heavily bombed during the war. global news powered by journalists and analysts. age and a group local propertyto developers for $2 billion and they are trying to unwind overseas assets amid the mounting pressures to repay. we have the story from beijing. andre at the share price investors are feeling the pressure come up some and this is amid the stake with the potential loan release. bit?e pressure coming up a >> you would suspect it would be is propertiest it and made ther sold , which indicates pressure they are under and they say they want to softly assets and the first half and they are towards that target with the first quarter. they have these flagship stakes andeutsche bank and hilton we are keeping our eyes on that. step in the rig

the reserve bank of australia is talking about the aussie dollar level on a trade weighted basis beingle. go can hop on to the tliv and see what they had to say in regards to the aussie dollar. from manageable currency, let's talk about that headwinds and tailwinds for air france. these are the breaking lines coming through on air france-klm. they're keeping their foot on the gas. that's certainly the top line. operating profit last year jumped 42%. that is a bit lighter than the market had expected. it looks like the dutch side of the business, the biggest contribution at air france was a little bit less. 8.8% in terms of margin. what they have got here is full-year operating income up 42%. missing on the net income numbers, but i can tell you this. they're planning a major capacity hike. probably about 4% this year to try to head off those low-cost rivals. 2.6%,ear they added about in terms of their capacity. they had some -- they have some huge issues to deal with. the north atlantic route in the united states is going to be very hard for them. we will speak to the cfo of air france

. ♪ breaking news, the reserve bank of australia, they release their quarterly statement on monetaryation growth forecasts are little changed. there will be sometime before the economy reaches full employment and before inflation returns to the midpoint of its target. underlying inflation of 2.25% by june of 2020. this seems consistent with rba chief philip lowe. he says he won't be pushed into more rate hikes. raisingbanks overseas their rates is not something that is going to force his hand. it helps us understand why. growth not picking up much faster, either. understandable why he would want to take his time. we cannot take any time to see how the asian markets are shaping up. let's get back to sophie kamaruddin. the bearishowing message from wall street, the pain is continuing for asian stocks. bonds and mostly climbing, given the focus on jitters in the bond space. relief in sight, given little on the calendar to entice. japanese stocks headed for the worst rates in two years, given the meltdown in u.s. markets. let's take a look at one of those movers. nissan dropping after cu

bank meetings. you have australia, central-bank in the philippines and looking at the reserve bank of india.y interesting to get any policy reaction to that fiscal situation of the tell by the latest budget. in the meantime, looking at treasury yields and the features looking at more downside and this is playing out in a negative way in asia. 30 minutes out from the oven in china and hong kong. hang seng looked at the barometer when it comes to the bearish sentiment in this world --as part of the world. david, we're watching everything. there are a lot of trades play ing out. david: it is getting worse as we speak. markets open at the moment. on a markets like taiwan flip. we will at teachers on a significant decline. a lot of central-bank decisions this week --a lot of that is happening in a situation where you have financial conditions on the way up. i was looking at the 30 year in the u.s., we are 3.12% last i checked there. that is really starting to take a lot out of the equity rallies we are seeing. 30-year up 10 bips. up on the aussie third year. japanese yen, a third of 1%. south kor