take 11-year-old sydney kong. isis founded -- founded the school in 2012, offering free two our language classes at than the got to dominant temple.>> the us is not familiar with it. the more they know, the more they can appreciate the culture.>> reporter: the older generation can learn to read and write their native language for the first time. like most cambodian refugees, her mother was denied an education under the khmer rouge and remained illiterate until now.>> that's amazing. >> reporter: the class welcomes anyone curious about cambodian culture. she recruited volunteer teachers like her brother and sister-in-law.>> the language forms a central part of any culture and without it, you lose a little identity. >> reporter: so far, the classes have served hundreds not just here in san francisco but also online. marl i recorded 74 language lessons on youtube for more than 1000 subscribers. she also shares video of cultural ceremonies like this blessing that was even knew to her.>> i get excited, i documented, i

from mumbai, from sydney, hong kong. [ cheers ] and applause ]immy: we all want to go to uniforn island. you're awesome, pal. come back. i'm a big fan. >> thank you. >> jimmy: thank you so much. stick around.i -- hey, before you go, can we play a game? >> i love games. >> jimmy: you do? >> yeah. >> jimmy: lilly and i are going to play "fast family feud" after the break.od. [ cheers and applause ] at? i can pour this champagne on my phone and it still work. whaaaaat? yeah look. [phone ringing] kenny, i'm 'bout to put you in the fish tank. that's crazy. [electrical cracking] do that max. here, i have another one. (all three) whaaaaaat?! t galaxy s7 edge. ewy. really icy. wooh. that' s intense! it just hits you. its gum. no. it' s totally a mint! it' s disappearing as i am chewing it. where did it go? not a mint. it' s a breakthrough in cool. ice breakers cool blasts. what's the most awarded car company of the year? ranking from top to bottom. seem like they would be top awarded. there better be some awards behind what you are paying for, right. the final answer. chevy.most awarded car com

sydney and hong kong were closed for a holiday. here is a look at some of the other business stories we're following. >>> production at japan's major auto makers has seen its third straight month of decline. the figure was down 7.4% in february from the same time last year. the plant explosion at a toyota group steel maker forced the car maker to suspend domestic production temporarily. weak sales of mini vehicles contributed to the drop for the eight manufacturers but overseas output was up more than 8%. officials from japanese airline skymark say they have completed court supervised procedures to rebuild the company. it filed for bankruptcy last year. executives announced a three-year management plan. it calls for the resumption of overseas charter services in 2018. ena holdings and investment fund integral have been giving the airline financial support. golfers in japan may soon be able to get drinks and golf balls delivered by air. e-commerce firm is planning to deploy drones on golf courses. the compmpany is planning a tri fro

from mumbai, from sydney, hong kong. i'm home in toronto. check 'em out! [ cheers ] [ cheers and applause ] >> jimmy: we all want to go to uniforn island. you're awesome, pal. come back. i'm a big fan. >> thank you. >> jimmy: thank you so much. lilly and i -- hey, before you go, can we play a game? >> i love games. >> jimmy: you do? >> yeah. >> jimmy: lilly and i are going to play "fast family feud" after the break. it's gonna be good. [ cheers and applause ] whaaaaat? i can pour this champagne on my phone and it still work. whaaaaat? yeah look. [phone ringing] kenny, i'm 'bout to put you in the fish tank. whaaaaat? that's crazy. [electrical cracking] your phone can't do that max. here, i have another one. (all three) whaaaaaat?! the new water-resistant galaxy s7 edge. okay, what is this? it's chewy. really icy. wooh. that's intense! it just hits you. its gum. no. it's totally a mint! it's disappearing as i am chewing it. where did it go? it's not a gum. not a mint. ice breakers cool blasts. what's the most awarded car company of the year? ranking from top

. ♪ >> it's 1020 in hong kong and 120 in sydney.se are the stories making headlines around the world. five years after the earthquake and tsunami, contaminated water remains the greatest challenge in japan. awaiting official approval to create an underground ice barrier to prevent damage from seeping water. grace pope became a naturalized u.s. citizen in 2001 and a philippine citizen five years later. forhas been cleared to run election. she was abandoned as a baby and her heritage was not known. the realities this month biggest currency gain or test ra -- real is this month's biggest currency gain or. this is bloomberg news. rishaad: let's get back to our conversation with the founder of fge. thanks for sticking with us. let's look at what going on. we have this oil price going to sub $30 per barrel. have you ever known conditions like this as long as we have been in the industry? i haven't. this is the worst condition i have seen for oil producers, especially private producers around the world. oil is belowe of $40, its blood and

in hong kong, 4:00 p.m. in sydney. welcome to the stock exchange. trading underway in asia. i want time to take a little quicker. atelectronics cut to reduce hsbc. >> want to eat some crow? juliet will serve it to you. 1.3%, re-transport services, could be selling its stake to singapore. another report dismissed by hyundai motor group that it is interested in buying hyundai merchant. that stockts pushing higher this morning. -- your turn.ly >> i'll have the consolation prize. >> i'm really surprised. usually you see huge moves, south korean defense stocks, electronic warfare products, those photos released from north korea that showed kim jong-il observing jong-un military drills, the latest step in this ramping up of the saber rattling we've had from the north over the past couple of weeks. directionally at least, that's what's going on. today.ustralian win are you ok, david? >> yeah. >> that's the verdict from our stock exchange. that's it for us on "first up" today. thank you for joining as. "trending business" coming up next. rishaad: the first trading day of the week, a

. ♪ kong, 2:1313 in hong in sydney. these are the stories making headlines.rrived ina has havana for three-day visit, becoming the first sitting u.s. president to visit cuba since calvin coolidge in 1908. corporate executives and prominent cuban-americans joined him. has removed the banking and travel restrictions, but only congress can lift a trade embargo that has been in place since 1962. russian testator say the flight recorders recovered after saturday's crash or severely damaged. the62 people on board boeing 737 were killed when the ande burst into flames russia's south. the airlines ceo says conditions for landing were appropriate. brazil is bracing for another week of political chaos. they knew paul suggests two thirds of voters want president, recep impeached. it follows the swearing in of her predecessor silva as her chief of staff. critics say that is meant to protect him from a corruption inquiry. and congressional committee that will decide to recommend the president's impeachment will meet for the first time monday. news.s bloomberg rishaad: it

sydney, up by almost a percent. after the central bank decided to keep the key interest rate unchanged. in hong kong, hang second index gained by 1.5%. it's climbed to a one-week high. singapore was up 0.6%. and seoul closed for the holiday. >>> and here's a look at some of the other business stories we're following today. >>> japanese officials say con summers are continuing to cut back. spending by all households with two or more people fell by 3%. warmer than usual weather led consumers to pay less on clothes. >>> japanese firms continue to spend more on facilities and equipment. the combined expenditure came close to $94 billion in the last three months of 2015. that's up 8.5% in yen terms. from a year earlier. electronics makers for cars and smartphones boosted their production capacity. convenience store chains and supermarkets also expanded. >>> started recruiting new hires. japanese. officials usually look for talent among university students still in school. experts say it will be another good year for those looking to secure work after graduation, they say many large officials are eager to

sydney, a move of 1% higher. , just seeing action, .5% higher. some positive reaction coming through when it comes to shanghai and hong kong. optimism has evaporated, the hang seng down basically. different,ompletely the man behind the most expensive piece of laundry in the world saying the diamond industry is under as much pressure as any business. valued at $11ra million for victoria's secret. ♪ the diamond and jewelry industry goes through different cycles, impacted by the economy. in the last few years, it has been difficult. it will remain difficult this year. it is the first time we are going through a global slowdown where there is not one market thriving when it comes to jewelry. >> how has the china slowdown affected the industry? >> polarization is happening in the industry, more volatility at a lower price point. the in between is where people are having difficulties. >> how much am i holding now? >> you are holding $13 million in your hand. >> what is the difference between a good long-term investment and one that is not so much? >> you want to go for rare gems. the best possible grade you can get for color, fre

kong's hang seng was volatile. following the start of the people's congress meeting. the index ended the day flat, 20,159. sydney'sained, extending its winning street to a sixth day. tokyo share prices pulled back from last week's 5% rally, giang nguyen has more from the tokyo stock exchange. >> many asian markets were higher following a solid u.s. jobs report on friday. many were stronger than expected. so it eased fears that the u.s. could be slipping into a recession. but some of the underlying data fell slightly. let's take a look at how it affected the nikkei, it was down .6% at 16,911. the topix lost almost 1%. profit taking after the gains last week. yen, usually a safe-haven bet is still holding firm. with toyota and honda trading lower. sharp traded higher, up 7%. they are waiting for the deal with hon hai to be completed any day now. now market players are awaiting a host of economic data from china, out later this week. and let's not forget ecb policymakers meet on thursday, so a busy week ahead. i'm giang nguyen, reporting from the tokyo stock exchange. >>> the bank of japan's governor says financial m

kong's hang seng index gaining by 0.8%. it closed at the highest in more than two months led by gains in casino operators. sydney up by 0.3%. higher commodity prices gave a lift. >>> here's a look at some of the other stories we're looking at. officials at the tokyo stock exchange say the net value of shares sold by foreign traders last week hit a record high on the back of a strong yen and china's slowdown. sales exceeded purchases by nearly 1.2 trillion yen, or about $10.7 billion. the previous record was the week of black monday in october 1987 when markets around the world crashed. chinese officials say new home prices in february rose in more cities than they fell, marking the fourth straight month of increases. demand has grown due to government measures such as interest rate cuts and easing of housing loan regulations. meanwhile, scores of condominiums remain unsold in provincial cities where prices continue to sag. >>> people on japan's northern island of hokkaido are hoping the new bullet train linked from tokyo will bring a big increase in tourists. travel companies have created activities that take vi

kong hang seng down by just a fraction. real estate shares are down on speculation that the chinese government may tighten control over property prices. sydney's s&p 500 asx200 index declining by .14%, edging lower after hitting a two-month high on wednesday. shares in tokyo had strong gains. the nikkei climbed over 200 points. for details we go to the tokyo stock exchange. >> many investors went bargain hunting after three days of losses. the nikkei indoection rose for the first time in four days to end at 16,852. the topix gained, posting 1.5% increase. the yen weakened against the dollar during tokyo trading hours. oil futures hit a three-month high and gave investors an appetite for risk. they sold off safer assets including the japanese currency. export-oriented companies are trading higher on the weaker yen. both sony and mazda climbed over 4%. yamaha ended 5.3% higher. a big drag on the markets was can s kansai electric power after a court ordered a shutdown of two of its nuclear reactors at the t takahama nuclear plant. tepco is of course the operator of the fukushima daiichi plant. some market players are avoiding active trading ahead

kong metro. that's basically what we've got for today. that's are the main news. back to you. david fickling sydney bloomberg.mily: this is "bloomberg west." as u.k. start-up scene flourish -- silicon valley bank roughly $4 billion in management. is expanding into the united kingdom. this is a bank that helped 47% of the u.s. tech companies that went public in 2015. bloomberg's carly sat down with gregory becker in london. >> what is interesting, you want an entrepreneur. you want these companies to think about being independent. you want them to build independent companies. that's kind of the first part. what we found on the survey, there's also realism to it. roughly 56 to 59% of clients are saying we believe in acquisition is the exit strategy over the long term. i think that's realistic. it's actually conservative. when you look at the data m and a is about 95% of their exits. i'd say it's more of a realism that m&a the final exit strategy >> with regetting realistic with the evaluations? graduate question is how long would it take to find that stability. it's not like the public markets adjusted immediat

sydney subpoena asx200, declining by .7%, 5107. the surge in iron ore prices gave an initial boost to the commodity-sensitive index but it dipped as some traders locked in profits. hong kong's hang seng index, take a look. it slid by .7% on the chinese trade figures. south korea's kospi dropped by 0.6%. here's a look at some of the other business stories we're following today. >>> officials at japan's finance ministry say the current account balance in january was in the black with a surplus of $4.6 billion. they also say the tourism boom boosted travel account surplus which reached $1.2 billion, the largest monthly figure in 20 years. the latest economy watchers index for japan fell by 2 points from january to 44.6. reading under 50 suggests more people are pessimistic about business conditions. this survey measures the mood of workers who directly serve consumers. some said people are spending less as stock prices fall. >>> japan's welfare ministry says it will be more open about how to invest money from its more than $1 trillion public pension fund. minister shiozaki has announced a plan to make the details public. he says the government plans to release the details of t

sydney. good morning, paula. paul: good morning. futures indicating we are australia,er here in and probably on the nikkei as well. in hong kongbe watching china agriculture bank. this is the last of the five -- big five banks to report this week. the headline number looks pretty good, but once again, that is just .6% profit growth for chinese agriculture bank, the weekend -- the weakest in a decade. if that sounds familiar, it is the same we heard from all the other chinese banks to report this week. also out of china -- manufacturing and nonmanufacturing pmi for the month of march -- we expect to see a number of 49.3. improvements on the previous rate of 49. number, a number below 50 indicates construction -- contraction. well things are continuing to deteriorate, at least things are slowing down slower, if that makes sense. alix: yeah, it does. paul, there is important data out of japan today. paul: yeah, similar story here. we are excited to see manufacturing we can -- a read of 12 in the fourth quarter, expected to shrink to 5 in the first quarter, and similar for nonmanufacturing, weakness from 25 to 19 there. appreciati

kong. playing catch-up to what you saw in london trade yesterday. up by almost 5% in sydney today.ntinuing to strengthen against the dollar. emerging-market currencies are back in focus. anna: thanks for a much. one of the things on the move as . result of the -- oil prices they closed above $40 a barrel. the first time there done that since december. ways: elliott, i love the lead to one story. here we are, global markets, all roads lead to the dollar. elliott: it is not often i get thealk but how much -- dollar is having an impact across the board. oil is priced in dollars. when the dollar weakens as a bloomberg dollar spot index shows it has done, then that effectively makes oil cheaper for people that don't use dollars. therefore, it boosts demand and boost soil prices. interestingly, looking at the chart of the bloomberg dollar index, this is an indication of the strength of the dollar crude. wti almost a mirror image when the dollar weakens come oil prices rise, when the dollar strengthened oil prices fall. it is quite uncanny how much of an inverse proportional relationship

kong tens to be rising as well. -- tens to be rising as well. hans: i am curious to extrapolate -- you see advertising sydneyproperty and whether people will be buying those. watching the data you are talking about, the same true for london. how much of a global phenomenon -- is this? how is the tentacles going to reach out, how is this going to affect the global economy? hao: chinese money has been one of the bigger drivers for the hong kong property market. mainland flood of and chinese -- and push up the price, the government imposed quite a bit of restrictions on mainland purchases. [indiscernible] also we have seen very bad property sales in hong kong. on to the rest of the world, because now the chinese is trying to stabilize the yen -- the yuan. in order to continue easing money through policy, it will have to put some sort of capital control on the chinese money going abroad to buy stuff. less and less chinese money becomes available, it would put down pressure on the global company market is well. in hong kong. thank you for joining us. from hong kong to frankfurt. who is next? who is martin zoellic

kong. that was before the result was announced. it will be interesting to see how it performs today. down, oil and gas producers in third place behind sinopec. i'm paul allen, four tv in sydneyralia. alix: "what'd you miss?" a giant in the shale industry. you can't talk about oklahoma natural gas without mentioning tom ward. energy.uns tapstone his relationship with of the late aubrey mcclendon has brought about a great deal of attention in recent weeks. the two meant when they were 23 years old, and work together for 23 years. now, the relationship is in the hot seat. indicted for conspiring with a no other country to lease bids, other company, sandridge, tom ward used to helm. aubrey mcclendon died nearly four weeks ago after the suv he was driving slammed into an overpass, just one day after his indictment. an exclusive interview, i asked tom ward what you admired most about mcclendon. a good friend, very smart, as everybody knows your it most people that have ever been around him were energized by him. the same with me. i did not have the ability to do -- we were both better together than when we were separate. he was an extraordinary example to me, being able to raise c

sydney. good morning. paul: good morning. we are expecting gains on the nikkei and a sx following the good lead from wall street with new zealand to open in just under 30 minutes time. once hong kongs underway, we will be closely watching chinese banking stocks -- bank of china, icbc, and china construction bank all reporting weaker than expected construction growth. icbc reporting 42 billion and profit for that is their weakest growth in a decade. china construction bank income of just .1% and bank of china profit of just .7%. the percentage of profit paid out by all three dividends is going to be falling. the bank of china president called this the new normal. he says that the era of double-digit profit growth has ended as the chinese economy slows. there could be some more pain for shareholders on the way, long-suffering as they are. this deal is the end of a four-year road. pay $4.5 billion and this deal fell over and it was almost about to be signed and then it leaves the list of potential liabilities. an hour after this deal was announced, sharp told the tokyo stock exchange they will be riding down inventories and reducing sales targets. the prophet was due to be and it loo

kong. when this chinese tourists arrive in australia, they spend $5.7 billion in 2014. infrastructure is lagging a little bit behind. the construction of a second casino in sydneyhas enjoyed a well. chinese students studying in australia, enjoying a similar spike. for 2016.ollments they pay full fees with the university likes. they do not qualify for student loans programs and they provide property through their parents once they arrive as well. none of these things i have mentioned is obviously a replacement for the void left by the end of the mining boom, but it is encouraging to see some diversity in the australian economy. interesting we did hear from the governor this lastly, saying the real question is how is this transition going to be sustainable as they have not experienced in effect before like this, so the weaker dollar, the australian dollar, the demand from china, how has that helped with all of this? paul: it is also impacting services. there are five in total on the bloomberg. services relative to the mining boom and its contribution to gdp, illustrating that services not quite filling the void, but it is gone from being a .5% track on the econom

sydney, new york and monaco. monaco is the world's most expensive market, a million bucks gets you 182 square feet, and buys 215 square feet in hong kongn new york. but it buys you over 2700 square feet in cape town. i love cape town, by the way. if you're looking at monaco, this place, check it out, 35,000 square feet, penthouse with a water slide that brings you from the dance floor to the infinity pool, no jacuzzi on the back of the helicopter, but 500 feet above monaco. $450 million. but the luxury real estate boom is likely to stall a bit because of slowing wealth creation. the population of multimillionaires fell. there are half a million people worth $10 million or more and 187,000 people worth $30 million or more, that's down from 2014. the populations expected to grow 41% in the next ten years, and that's slower than the previous ten. new york had the largest number of super rich residents with 5600 followed by london at 4900. >> new yorkers and londoners. >> yes. >> they're not, right? that's a lot of flight capital, is that still chinese money -- >> vancouver too. >> vancouver would be -- >> all three of the top markets last