and in india finance news continuing the singapore exchange or s.g. axis plane to list new india related derivative products in june s.t.s. notably made the announcement despite an attempt from the stock exchange of india or n.s.c. to obtain an injunction against the singapore exchange in february india's three major stock markets including n.s.c. announced that they would no longer license their price information to s.g. ex and other foreign firms or uses reference points for overseas contracts including derivatives g.s. x. then found a workaround to their s s t x found a workaround to defeat the attempted embargo prompting and as the to seek the injunction on s g x an official statement from s.t.s. derivatives unit touted the value of their products and profits and their legal position but s.t.'s stock fell on the news. and the us federal reserve is considering modifying it that code for relaxing by the way what is called the volcker rule which bans proprietary trading that's trading for your own book trading on behalf of the bank the proposal that

and in india finance news continuing the singapore exchange or s.g. axis plane to list new india related derivative products in june s. jax notably made the announcement despite an attempt from the stock exchange of india or n.s.c. to obtain an injunction against the singapore exchange in february india's three major stock markets including n.s.c. announced that they would no longer license their price information to s.g. ex and other foreign firms for use as reference points for overseas contracts including derivatives g.s. x. then found a work around two s s t x found a workaround to defeat the attempted embargo prompting n.s.c. to seek the injunction on s.g. ex an official statement from s g x derivatives unit touted the value of their products and profits in their legal position but as jack stock fell on the news. and the us federal reserve is considering modifying it that code for relaxing by the way what is called the bowker rule which bans proprietary. trading trading for your own book trading on behalf of the banks the proposal the expected to

and in india finance news continuing the singapore exchange or.

competitionbout the with michael syn, the head of derivatives at the singapore exchange. michael? michael: the fact we have one more exchange opening, for example, it will be a third exchange, which is a testament to that it is making very good progress in establishing itself. both as a gateway and a harbor within the global market network. just as we have many hotels, many airlines operating out of the same network, it is a really important thing for banks or brokers to establish year and have that service, a number of services, serving the market. haidi: you're not concerned about overcapacity? i would say this about the way exchanges operate, which is that the world of market is connected to one large network. isyou have a competitor who an exchange and is operating at different financial sector, that is less good for you than if he is operating next to you. many of the people would service the incline, conglomerate themselves around your exchange, and it makes where you do business a more competitive center. it is all about solving for high needs. haidi: that is intere

the singapore exchange says it has full confidence in the sgx position.le] -- stxnwn -- f nifty down by 1%. what the prime minister can do to reduce anger among voters. >> that is a tough one. his fiscal space is limited. monetary policy is not great either. there are growing expectations that modi might have to lower excise duties to protect consumers, especially those in the rural sector. -- higher oil prices are a threat to growth also. that comes under threat if the recovery space -- if the recovery in india slows from here. that means that modi's rule to hand out freebies is limited, given that he has been tightening purse strings in the last few years by cutting down or holding welfare spending and subsidies spending until recently. modi have room in the budget to hand out more freebies? >> that's right. moody's recall that upgraded india just last year, reforms modi for the that he took part in fiscally. the pressure of heading out more freebies is increasing, given that there is an election year coming around next year. tried to assert some of tho

betty: is it a big threat than to the singapore exchange? liquidity will drive investors away. it is important to keep in mind that the contracts on average are held for less than a day. this means that contracts are must more speculative. investors could choose to trade. they have already seen as a established platform. betty: certainly, we are seeing a lot of volatility when it comes to what we are saying. this comes after six weeks after crude oil investors. what can we expect more from china now in terms of opening up other markets? futures on theup exchange is definitely a step towards china opening up its other markets. the exchange has said that it plans to open futures sometime in the future. it will be interesting to see how it can affect the timing. it is also interesting to see what happens after it opens for foreign participation. for crude oil futures, while we have seen interest, trading fairly newe stayed since his debut. betty: thank you. joining us from singapore. the high-stakes meeting over the future of u.s., china trade.

singapore. it the words exchanged by these two leaders told moments ago, seems like it's being called into questionpoint. we will see what the president says although he says that things are moving along with those discussions. this is moon jae-in's third formal visit with the president. >> president trump: it's a great honor to have president moon of south korea with us. we become great friends of the years and we have now known each other for quite some time. we are working on many things, obviously north korea is a big one no matter how big trade is, north korea in this case is the big one and we will be discussing that. we will also be discussing trade. we have a big trade arrangement that we are renegotiating right now is south korea. they have been excellent people to work with for the trump administration. and we will have some pretty good news on trade and we will be discussing other things. the big topic will be singapore and the meeting, see what happens, whether or not it happens, if it does it will be great, a great thing for north korea and if it doesn't, that's okay too. whatever it i

singapore. adding that the administration wants full verifiable denuclearization in exchange for a potential boosterican businesses. >> if it won't be u.s. taxpayers. it will be, am can know-how, knowledge, entrepreneurs and risk takers, working alongside the north korean people. >> in an effort to keep economic links with iran nuclear deal partners, tehran's top diplomat visiting china before trips to russia and western europe. >> europeans will see it is in their interest ultimately to come along with us. >> national security adviser, john bolton warned european allies of potential u.s. sanctions, as punishment for continued cooperation with iran. >> depend on the con duskt other governments. >> senator lindsay graham supports the administration's efforts but wants to see congress involved and more lodge term planning. >> when it comes to containing iran on the ground and syria and other places, we don't have much of a strategy. >> reporter: now president trump is showing flexibility for one chinese telecom company previously sanction ford working with iran and north korea announcing today he is

both men were due to hold talks on june 12th in singapore, to end the north's nuclear programme, in exchange the lifting of sanctions. the news comes on the day pyongyang claimed it had destroyed part of a nuclear testing site. if and when kim jong—un chooses to engage in constructive dialogue and actions, iam waiting. so what does the cancellation of the summit mean for north korea's nuclear programme? we'll be live in washington and seoul. also tonight. two men have beenjailed for life for the murder of four children, killed in an arson attack in greater manchester. i was a nanna of 11, now i am a nanna of seven. we will never again hear their voices shouting out "nanna" or "grandad". the former hollywood producer harvey weinstein is expected to hand himself in to police over sexual assault allegations. the government is warned taxes may have to rise if the nhs is to be properly funded, to cope with an ageing population. an army sergeant has has been found guilty of trying to murder his wife, by tampering with her parachute. and, trees as you've never seen them before. the giant bronze and

the room when president trump meets with kim jong-un in singapore, adding that the administration wants full verifiable denuclearization in exchange for a potential boost from american businesses. >> it won't be u.s. taxpayers. it will be american know-howers and risk-takers working alongside the north korean people. >> reporter: tehran's top diplomat is visiting china before trips to r s ts to russi western europe. >> the europeans will see it's in their interest ultimately to come along with us. >> reporter: but national security adviser john bolton warned european allies of potential sanctions as punishment for continued cooperation with iran. >> it depends on the conduct of other governments. >> reporter: armed services senator lindsey graham supports the efforts but wants to see congress involved and more long-term planning. >> when it comes to containing iran on the ground and syria and other places, we don't have much of a strategy. >> reporter: errol barnett, cbs news, the white house. >>> coming up on the "morning news," inspirational meeting. the waffle house hero meets with a school shooting survivor. >>> and hats off t

singapore. adding, that the administration wants full verifiable denuclearization in exchange for a potential boostm american businesses. 't it won't be u.s. taxpayers. it will be american know-how, knowledge, entrepreneurs, and risk-takers working alongside ake north korean people. >> reporter: in an effort to keep economic links with remaining iran nuclear deal partners, tehran's top diplomat is visiting china today before trips to russia and western europe. >> the europeans will see that it's in their interest ultimately to come along with us. >> reporter: but national security advisor john bolton warned european allies of potential u.s. sanctions as punishment for continued cooperation with iran. >> depends on the conduct of other governments. rn reporter: armed services committee member senator lindsey graham supports the ppministration's efforts but wants to see congress involved and more long-term planning. >> when it comes to containing iran on the ground and syria and syrir places, we don't have much of a strategy. >> reporter: now president trump is showing flexibility for one chinese tel

both men were due to hold talks on june 12th in singapore, to end the north's nuclear programme, in exchangeing site. if and when kim jong—un chooses to engage in constructive dialogue and actions, iam waiting. so what does the cancellation of the summit mean for north korea's nuclear programme? we'll be live in washington and seoul. also tonight. two men have beenjailed for life for the murder of four children, killed in an arson attack in greater manchester. i was a nanna of 11, now i am a nanna of seven. we will never again hear their voices shouting

singapore announced on june. us us the guys on. him he was in with us downtown automaticity had had had had no notation of any of the exchange. we. read everything. three three. the whole that it that it to a place like. sensing winning all yeah yesterday that is important observations to. and. i think that we will italy'. i don't. one of the million man on. his resign monetary check back by career lifeline minister who says atc centurion manifestation of noble fully cynicism is to in twos and on and on the right side status. iran iraq. and then they say well known. it pay mathematics tactic because because saw it on young anchors the make make concessions. now with the world on notice is significantly. the way waiting how the onl. ddt think what we. you know that i also. long long. regime implemented a today we had to have. mechanics and had cut that don't know because i. he goes on. and on and on and on. so there's a lot. i change and change. and change and. doesn't trust fund using. real reason. so that was. can i see some some special mission break break think that it is going to. say comes up to date lete save . they think a

exchanged handshakes and even hugs. at the white house this weekend -- >> we're looking at june 12th in singapore. that hasn't changed. >> reporter: a remarkable turn of events after north korea last week threatened a nuclear-to-nuclear showdown and even calling the vice president a political dummy. the president then canceling the summit citing their tremendous anger and open hostility but north korea also making goodwill gestures setting off a set of explosions they say destroyed their nuclear testing facility and releasing three u.s. citizens they jailed but florida senator marco rubio expressing skepticism. >> he did blow up, it appeared, parts of his nuclear facility. >> it's a show. >> he released three americans. >> it's all a show. it's a show. i remain convinced he does not want to denuclearize. in fact, he will not denuclearize. >> reporter: denuclearization of the korean peninsula, the president's primary goal if that summit takes place. the big question now is what is kim jong-un's ultimate goal? is it relief from crushing economic sanctions, survival of his regime or maybe both? those

exchanged handshakes and even hugs. at the white house this weekend -- >> we're looking at june 12th in singapore. that hasn't changed. >> reporter: a remarkable turn of events after north korea last week threatened a nuclear to nuclear showdown. the president then cancelling the summit. but north korea also making goodwill gestures. setting off a series of explosions they say destroyed their nuclear testing facility, and releasing three u.s. citizens they jailed. but today florida senator marco rubio expressing skepticism. >> it's a show. i remain convinced that he does not want to denuclearize, in fact, he will not denuclearize. >> reporter: denuclearization of the korean peninsula, the president's primary goal if that summit takes place. now, the big question, what is kim jong-un's ultimate goal? is it relief from crushing economic sanctions, survival of his regime, or maybe both. those high-stakes meetings happening now may shed some light. tom? >> bob, thank you. >>> now to the headline at the border. growing questions about the 20-year-old woman, an undocumented immigrant, shot by a border a

exchange for dismantling their nuclear program. the state department is planing for the june 12th meeting in singapore.tream media quick to spin north korea's threats as a failure for donald trump. this is how the liberal outlets covered the latest development. >> quite amateur, even at the 50 yard line on denuclearize inc. north korea the pres. was practicing his needles and dance. >> accusing the north korean dictator of being the world's most rational negotiator, not until the trump administration. >> surprised of the road to the summit is not an easy one. >> they are tearing apart the media for signing with the dictator over our president. >> the funny part is all the clips forget what the president said at the beginning, if we get a deal great, might walk out. he lay the predicates a long time ago and everyone is forgetting how he approached this. the pres. made clear he is willing to walk away from the table. that is what people in the reports of forgotten. 3 american hostages back, and denuclearize in the korean peninsula and kim jong un -- >> the press will blame donald trump. >> they will not

exchange for dismantling the nuclear program. the state department is planning for the june 12th meeting in singapore.g overnight tensions escalating on the israeli gaza border launching more airstrikes hitting 7 hamas terror targets in gaza. this is in response to machine gunfire from across the border that hit homes, nobody was hurt. kim jong un donald trump's pick to the cia headed to a confirmation vote, the senate until committee approving gina haspel's nomination after grilling her over the agency's enhanced interrogation practices. she is expected to win confirmation as 5 democrats publicly support her nomination. a major victory for our nations heroes and healthcare. the house passing a $62 billion package backed by the president that would allow veterans to see doctors outside the a hospital reducing wait times and improve medical care, the goal will pass through the senate quickly. lawmakers have until the end of the month to finalize. kim jong un milani a trump, sincere thank you to the wall street medical unit and all with wishes and prayers. i'm doing great and look forward to getting hom

exchange for shares and convertible debt. malaysia's new prime minister mahathir mohamad has announced he will scrap the project to build a high—speed railway to singapore made it a priority to cut the national debt and pledged to review big projects agreed by his predecessor. mariko 0i is in singapore. what more do you have on this? as you mentioned, malaysia's new prime minister mahathir mohamad has said he will scrap this project and his focus is to cut down the national debt which is about a quarter of a trillion of us dollars and he hopes by scrapping the projects that he thinks are not beneficial to malaysia's economy, he can bring it down by about 20%. but this project has generated quite a lot of interest in the region and outside the region, among the high—speed rail manufacturers. i just the region, among the high—speed rail manufacturers. ijust met somebody in tokyo who was interested so somebody in tokyo who was interested soi somebody in tokyo who was interested so i bet they are caught off guard. mahathir mohamad has admitted malaysia will probably have to pay a bit of money, about $125 million, to singapore to get out of the deal, althoug

exchanging insults between the two leaders? is it all bluster or will finger might happen -- singapore just happen?ty is the game going on. we should have expected something like this to have happened. donald trump says the military has always been there and still is. the maximum economic pressure has always been there and can still be ramped up. it all depends on how these two gentlemen use their bully pulpits, their megaphone diplomacy going forward but already, we have heard from the the north koreans are at least willing to talk to the united states at any time and that they regret the u.s. cancellation but that they are open to it eventually talking. my money would be on the fact that they were probably -- will probably try to meet at some point. maybe not june 12, but at some point. fori: stephen engle there us with the latest. let's get more on the market reaction. to be fair, it has been pretty measured, particularly in asia. mark cudmore is in singapore. our mliv strategist. i am sure you are watching south korean assets, but how else are you seeing this play out? a fairly measured reactio

exchanged handshakes and even hugs. at the white house this weekend -- >> we're looking at june 12 in singapore, that hasn't changed. >> reporter: a remarkable turn of events after north korea threatened a nuclear to nuclear showdown, even calling the vice president a political dummy. the president canceling the meeting citing the north's open hostility. but north korea making goodwill gestures, setting off a string of explosions they say destroyed a nuclear testing facility. but marco rubio expressing skepticism. >> he did blow up, it appears, part of his nuclear facility. >> it's a show. i remain convinced he does not want to denuclearize. >> reporter: denuclearization of the korean peninsula, the president's primary goal if that summit takes place. the big question now is what is the ultimate goal? survival of the regime? the high-stakes meetings happening now may shed some light. bob woodruff, abc news, beijing. >>> irish voters doing away with some of the toughest abortion laws. the 2:1 margin to repeal the abortion ban reflects a weakening of the church, but ireland's prime minister said his country ushered in a

singapore. vonnie: what is the strategy on the part of the u.s. here? is there a strategy? kevin: strategies to get kim jong-un to the point of inhoring to denuclearize exchangegn investment. that would have to come from the united states as well as china. that is where bilateral talks with china actually get more interesting. earlier this morning, the president and nancy up to fit -- to $50nt announcing up billion worth of an increase on terrorists. let's look at what they would do. imports contain "industrially significant technology" would be impacted by this. final step specifics is going to be announced by june 15. the restrictions could be announced by june 30. that is what is happening with the u.s.-china bilateral trade talks. meanwhile, canada and after negotiations are also heating up -- candida and nafta negotiations are also eating a. christopher eer line is meeting tomorrow in washington. ahead of what could be at monument of, historic summit on june 12 in singapore. caroline: this seems a game of almighty chess with many different countries involved. talk to us about north korea in the u.s. what seems to be the key question is the timing, the sp

singapore june 12th. scott, mcgrew, still a lot we don't know. >> will north korea denuclearize? will they promise not to build anymore bombs? what if anything will we give in exchange? it would stand to reason we would reduce sanctions, right? video released overnight of secretary of state mike pompeo meeting with kim jong-un. when the president meets with him, it will be the first time sitting president has ever met with the leader of north korea. now, i say sitting president because former president jim any carter has in the past and we saw the return of three detainees and safe. the president, first lady and vice president there to greet them. >> my proudest achievement will be, this is a part of it, but will be when we denuclearize that entire peninsula. what people have been waiting for for a long time. >> the happy moment for men and the families and the president. as for that denuclearization, the president exchanges are promised to drop sanctions we assume logically for them ending the nuclear plans and what more or less the deal with iran that we just tore up. broaddy speaking the same deal. >> right. interesting to see. thank you very much, scott. >>> new

singapore. vice president pence says president trump is considering all options. >> truthfully the clinton administration and the bush administration got played in the past. we offered concessions to the north korean regime in exchange for promises to end their nuclear weapons program only to see them break those promises and abandon them. it would be a great mistake for kim jong-un to think he could play donald trump. >> clearly the president is still willing to walk away. >> there is no question. >> melissa: four star general jack keane and fox news senior strategic analyst. thank you for joining us. let me ask you first what do you make of what's going on between north korea and south korea? >> i'm not sure we understand it. clearly kim jong-un was in a diplomatic rush towards denuclearization trying to convince south korea and the united states that's what he really wanted to do. this has been taking place ever since the south korean olympics. and just all stopped all of a sudden when he broke off talks with south korea and he put the summit with the united states in doubt. i think one of the major things that is happening today with president moon and president trump even though they have spoken on the phones a

singapore summit and now stepping away from the iran deal. it was a packed 72 hours. on the heels of that big announcement, meaning iran, we're seeing tensions rise between israel and iran. exchanging fire in syria, which has many asking whether or not we're heading for war. benjamin hall joins us live at 2:00 a.m. jerusalem time for the latest. good evening, ben. >> what a 24 hours. a major event here. the shock waves are still being felt. this was the first time that iran has directly attacked israel from across the border and it was the largest ever or since 73 the largest israeli air operation. there's a peace settling over israel right now. an uneasy peace. military reinforcements have moved up. the iron dome missile system is ready in case. president rouhani said he doesn't want escalation either. not right now. this started when iranian forces fired 20 rockets at the israeli military. they were intercepted or fell short. nevertheless, this was a major escalation by iran. hours later israel responded and in a big way. they destroyed nearly all of iran's military infrastructure in syria, taking out all 50 seats on their head list. 28 people were reportedly killed, 18 non-syria

singapore. volatility and fx markets has always been a concern for ecb. that is according to vitor constancio, who talked to bloomberg. >> we were concerned always with volatility, excessive volatility in exchangeange rates. we do not have a target for exchange rates, as you know. the volatility in foreign exchange markets, particularly among the advanced economies, has been a result of what has happened to the dollar. that is still the story. anna: that was the ecb vice president, vitor constancio speaking exclusively to bloomberg. still with us is valentin marinov, head of fx research at credit agricole. is it a strong dollar or weak euro story? valentin: a little bit of both. it is driven by the political concerns in europe center dot italy. at the same time, the demand for dollar on the global market. that is driven by more aggressive policy normalization. all that is helping the dollar. from here, the question is, what are those drug -- whether those drivers could change, will change. i think on the euro side, i think the key driver for the euro in the coming months will be the ecb's policy normalization. maydevelopments in italy slow down, but not necessarily derail the process. markets t

exchange. lots more coming up on the show. return forc malaysia, and we speak with an expert in regional politics, and a former diplomat from singaporeloomberg. ♪ ♪ >> it is 11:29 in hong kong. i'm paul allen with the first word headlines. president trump has switched policy and order the commerce department to help phone maker zte stay afloat in the united states, weeks after banning the company from buying american technology. he tweeted that he and president xi jingping are working together to help it get back in business fast. it is a major about turn for trump who has constantly accused china of stealing american jobs. the u.s.icials say will allow investment in north korea once there is proof that it has given up nuclear programs. john bolton says washington is ready to open talks on rebuilding the country, while the secretary of state says american entrepreneurs are ready to move in. both say there must be clear evidence of denuclearization. >> i think we are prepared to open to trade and investment with north korea. >> they will get our finest, are entrepreneurs, risk taters, capital providers. >> they will get private capita

singapore with the north koreans to discuss full denuclearization of the korean peninsula now the question is what happens next i want to play a sound bite of the president talking with reporters in a little exchange right after he made his announcement yesterday he seemed to give an indication that he knew why these talks had broken down. take a listen. >> the dialogue was good until recently i think i understand why that happened >> why was that? >> i won't say that. some day i'll give it to you, you can write about it in a book i believe we have a great opportunity. we'll see whether or not that opportunity is seized by north korea. if it is, great by them, great for the rest of the world. if it isn't, it will be just fine >> the president there trying to keep an optimistic tone at the end of his remarks saying he thinks he knows why this happened earlier in the week he speculated that the chinese president was to blame here, xi jinping, having gotten to kim jong-un at some point at their second meeting in china. the president suggested after that second meeting with the chinese, the north koreans became difficult to deal with. the question is what does all of this mean for wilbur ross, the com