let's bring in our columnist in taipei.s he think he has a good chance of buying the unit, because there are so many bidders out there? >> there are many bidders. but there are three reasons he thinks he is a better prospect. one, they need the memory technology. faceecond, they won't antitrust issues. crucial,hird, this is a can help build factories. the memory chip industry, like any part of the semi conductor industry, is expensive. it costs millions of dollars to build factories and you have to keep doing it every few years. they have the money. and as we saw with sharp, they have the wherewithal to do that. it is arguable whether any of the out bidders have done. i would argue it does put them in a poor position in this race. >> some of the names that have been listed so far, being capital -- bing capital. is it a sure bet for winning this bet -- bid? tim: no, we do not know what the criteria are. at some point the board will have to decide who they have to sell it to. we know from previous takeovers, sharp is a great

taipei at 23. the tokyo getting up to 14 with sunny skies in the forecast. western europe.ook at this low right here. you have another low moving back towards the north. this one is cut off from the jet stream. that means it will be lingering here. this is bringing foul weather. i'll show you video that we have coming out of spain here on thursday. pretty heavy snowfall. five centimeters or more has been reported across this area. even in madrid temperatures dropped as low as minus 1.5 degrees celsius. this is the first time below freezing temperatures have been seen in that city since january 26th. about ten degrees below the average. snow is still forecasted out there. some of these areas looking at additional ten centimeters. back towards the east where you have the moisture being pulled up into the higher elevations, we can see as much as 140 ce centimeters. we had large hail reported in parts of southern france as well. this storm system continuing to kick up some rough weather. do take a look at three-day outlook. madrid and more snow possible. it warms up a bit by sa

a little drier in shanghai and taipei as we go through thursday. wrapping things up with a look at europe, we do have a very well-defeded upper-l-level low toward the north and a very active pattern back toward the west as this low pressure system comes onshore. we're looking at some possible strong winds and thunderstorms as we go through wednesday. hope you have a good day wherever you are. here's your extended outlook. >>> more updates and special reports at the top of the hour on "newsroom tokyo." for all of us herea a a vp >> struggling farmers are skeptical about their true intentions. >> this is "france 24." time for 60 minutes live around the world. these are the headlines.s. conservative french presidential candidate refuses to withdraw from the race despite ongoing corruption investigationon agait him. his campaign has been plagued with allegations he paid his life penelope for a fake job. donald trump gives a speech to congress long on a unifying tone andwe

was the highest ranking official to visit taiwan since japan severed official diplomatic ties with taipein 1972. details remain unclear on negotiations to end a travel ban between malaysia and north korea. the two sides have prevented each other's citizens from leaving their respective countries. the ban began after kim jong un's half brother was killed last month. following the incident some staff members of the malaysian embassy and their families have not been allowed to leave north korea. malaysian deputy prime minister said the government would provide an update on monday, but that didn't happen. some local newspapers reported the two countries agreed the body of kim jong nam will be handed over to north korea. one of the sticking points in the negotiations. the reports also said both sides agree that three north koreans under malaysian police investigation will be allowed to return to their home country. two of their names were on a passenger list for a flight from kuala lumpur to beijing on monday, but they didn't board the plane. >>> japan has provided two training aircraft to the

taipei 21. 17 in beijing under partly cloudy conditions. wrapping things up with a look at europe, we had some strong winds reported into the scandinavia peninsula, also into places like switzerland. we still have strong wind warnings in place. western areas of the continent dealing with some dry and warm conditions. wet further toward the east into moscow, warsaw and kiev as we go into wednesday. hope you havave a good day wherever you are. here's your extended outlook. >>> for your thoughts and comments, visit our website and click on contact us. be sure to watch "newsroom tokyo" at the top of the hour. i'm james tengan. bye for now. vp ♪ host: this is "france 24." time now for 60 minutes live around the world. these are the headlines. a new twist in the ongoing feud between the netherlands and turkey. several twitter accounts have now been hacked by a group that says it backs the turkish e-government. that comes as a rather is voting today and its general election hitting the center-right prime minister against an anti-muslim firebrand.

those markets joining the fray, stocks in singapore, kl, taipei in the red, joining the larger selloffre looking at things going on elsewhere. the nikkei 225 and the topix extending the drop. in korea as well as australia and new zealand. look at the risk radar. coming backy yields below the 2.6% level. oil price swings putting a drag the rise in yields given inflation expectations. we do have yen leading laggards in asia, and gold slipping. now back above that mark. elsewhere, the won continuing to weekend. the jobless rate at a higher-than-expected number. south korea's unemployment has been a sticking point when it comes to political landscape in south korea. the aussie steady after a slight increase in the gauge of consumer documents, at the versions. crudelook at oil, and picking up after dropping overnight in the new york session dumbest $47. this will be in focus given the central bank decision we are expecting from the boj, the fed commend the. rishaad: thank you very much indeed for that right let's get to first word new headlines with rosalind chin. eu sources say the 27 memb

tensions between beijing and taipei have worsened since the pro democratic party came to power last yearws 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. i am paul allen. thanks. 'sinese premier li keqiang first visit to australia sends a positive message to the world when it comes to free trade. we will get a preview with nick coyle in beijing ahead of premier li arriving this evening. i want to play you this piece we heard from the trade minister when we spoke to him earlier. pretty optimistic saying the relationship between the two countries is as positive as ever unsurprisingly to take a quick listen. >> australia relationship with china is very strong. in fact, if you want proof positive, there is an op ed whichtoday by premier li speaks in glowing terms about the china-australia relationship. we see strong growth in investment, two-way trade, export primes are up significantly. he gave that response when i put it to him that this is the first head of government visit from china in over two years. it is the longest st

the taipei-based cathay united banking life insurance units have exclusive bidding rights until the end the chicago stock exchange wants to become a hub for what? chinese stock trading. details on that, next. this is bloomberg. ♪ betty: -- yvonne: this is "daybreak: asia ." i'm yvonne man. betty: i'm betty liu. rish, you are watching this ruling coming out of south korea. aad: just a few hours before we will know the fate of south korean president park geun-hye. we will have live coverage of all of that. we have shery ahn on the spot there. an exclusive interview with the founder and ceo of baidu and other companies as well. first unicorn getting ready to talk to the two main protagonists there, joining us in the studio in about an hour and a half from now. that's what we've got coming on. tonne: we will look ahead that. chicago has its share of the bulls and the bears. we're not talking about -- we are talking about the basketball and american football teams, of course. the chicago stock a change is trying to take a bigger role in global equity markets -- the chicago stock exchange is

let's get more with bloomberg economist tim and taipei. snap had a fantastic first day 10.significant does that hold? >> compared to a few european it names. it was not bigger in terms of profitability. clearly, there's a lot of hope and dreams tied up into the snap ipo. 44% first-day close sounds fantastic. put it in context, if you look at the average of internet ipos in the u.s. over the last 10 years, those are priced at or above the range with an average of 49%. those broughton day one think it will go further. what does this say for the others who have had up momentum and desire to get out there and get a string of other highly valued startups? they want an exit opportunity. this sets the stage for them doesn't it? >> it does absolutely. spotify has two -- part of their recent funding stipulations, they have to come to market some time. what we are seeing with snapchat is there is a lot of demand up there. to buy intonts ipos. a lot of supply and -- not enough demand side and supply the ipos. anyone who comes in the next year or two should do quite well compared to wh

liberty times paper based in taipei saying the two companies are to jointly bid for toshiba's the bido be submitted before march 29. where the taiwanese dollar has given, inflation data out this morning, we are seeing slightly stronger against the greenback here. it's been one of the best performers so far this year, but we have seen a recent correction coming through in the latest inflation makes that may perhaps bring us that retracement dish. >> thanks very much indeed. china's new finance minister, the spotlight. correspondence is here with a look at what we can expect. >> is going to be his first mpcs, so it will be interesting to hear what his modus operandi will be. beyond the tax reform, he will be interesting to hear how he plans to tackle fiscal reform. they are comfortable with where the economy is and they are cognizant of the risks underlying the economy in terms of what it and leverage. but we haven't seen any real firm snap to rein in india. they are still going to be adding an economy tied with germany. richard: there are shares here talking out that the -- taking out

tensions between beijing and taipei have worsened since the pro-independence progressive party came to power last year. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than hundred 20 countries. i am nina melendez. this is bloomberg. theop story this morning, pboc is said to have ingested hundreds of billions of yen into the financial system. under smaller lenders failed to make payments. tom mackenzie joining us from beijing this morning. we continue to see the smaller banks in china struggling amidst this tighter liquidity condition we are seeing. is right, yvonne. we are talking about the missed interbank payments and rural commercial lenders, including one which best an overnight repayment of just $7 million. we have a bloomberg chart, btv #69 85, which shows what is going on because we are talking about the rising cost of money here in china. this is a year-to-date chart. from august of last year, that is when the central bank year started to push up those benchmark money rates. in fact, we are now a level where we are near two-year highs on

in contrast, we have seen more challenging circumstances in taipei, tokyo and in the likes of india.ay sell a majority stake in its westinghouse nuclear unit. it is struggling with construction delays. the sheep it made the announcement as a gained approval to delay the release of first-quarter earnings until next month. is rebounding from that emissions cheating scandal. brand improvedar profitability and the fourth record, cost cuts and sales helping to lift profit margins by 2.2%. vw had to set aside $24 billion to pay for fines, buybacks and repairs stemming from the scandal. it is time for our bloomberg quick take. the story itself is south korea's transformation to the world's fifth-largest exporter owing much to its family-run conglomerates. these pillars of the nation's miracle economy include lg and samsung.nd their oversized influence and relationship with government was highlighted by a scandal the top of the president. is a time for change? south korea's influence peddling scandal has put its top executive on trial, jay y. lee of samsung brought up on charges of bribery a

pay -- tim innd i taipei, what do you make of this e-book spinoff business?lomerates do. they have a business, spin it off, get some money out of it, and think it will be better for the business. they get some cash in, but do not really need it. it would not be that surprising, frankly, and we will probably see in the next few years a couple of spinoffs from the $.10 cent group.n in some ways, much ado about nothing, but in other ways it is so whatt move. yvonne: are some of the strengths for the company, and i know you have some concerns about areas of weakness to. -- >> thegths is strengths are in some of the newer areas. you talk about revenue, you need to divide the revenue and the profit because there is a bit of did -- disconnect. the revenue category is their smallest category, because it is miscellaneous items, but that includes cloud and payment. both those had a tripling of on year.ear unfortunately, for investors those are both low-margin business models. they said on the outset yesterday they were not big profit drivers, but important to the overa

taipei-based banking and life insurance company has exclusive bidding rights until the end of april,th the taiwan stock exchange. chief jamiegan dimon says u.s. business and consumer confidence has skyrocketed under president trump. jamie dimon told bloomberg that even if only some of trump's proposals come to fruition, that it will be good for business. >> here is what is positive. look at the policies, the tweets , the people on the ground, top professionals in the military, defense, secretary of state, secretary of treasury, serious people with deep knowledge and deep experience, and their mission is to have a growth agenda, and that agenda is reducing corporate taxes, trying to build better infrastructure which we definitely need, reducing some of the regulatory regime which has held back growth. allowth agenda is good for americans, middle-class, low pay, job creation. lot,dence has jumped a probably because of the progrowth agenda. >> do have any doubt he will be able to follow through? >> they, the republicans of the house, the senate, 30 plus governorships, they have a better

joined now by the bureau chief in taipei. what are prosecutors looking to establish? all, let me let you know that there is some fireworks that will probably begin before the prosecutor start grilling the former president. her lawyer said that she will give a public statement. apologizeshe will again and say there was no wrongdoing on her part. that will come as soon as she makes that statement, she will enter the prosecutor's office, where we are expecting a very .ong questioning session probably, it will last all day into the night. , jay y. lee,cutive was in there for 18 hours. they will be trying to get the extent of the relationship the former president had with the person accused of coercing and even bribing the largest korean conglomerates into donating tens of millions of dollars to her foundation. the question that prosecutors are trying to get at is to whether part colluded into colludedthose -- park into coursing those and whether they were bribed. betty: i want to tell our viewers what they are looking at. there are pictures on the screen, the scene in fro

to balance the argument, we have seen much more challenging circumstances in the likes of taipei, tokyon india. betty: i want to get your take on chinese buyers. we have seen these forex reserves rise for the first time in eight months. considering toy see if these new regulations and the crackdown on capital outflows actually taking a real bite. what does this mean for markets like sydney and melbourne, even hong kong, where we have seen a surge in buyers from the mainland? can china's buyers still be a big driver in the market now? >> if one goes back five or six thes, the chinese market -- ad buying chinese market hardly existed. we had several years of very significant growth of chinese influence. that is going to slow gently as these measures take place. nonetheless, we still expect the chinese market to be very prevalent, but joined by many other of the growing communities whose wealth is gathering around the world. we do an assessment every year as to how private wealth is increasing around the world. to thear, in contrast previous year, we have seen an uptick in the volume of pe

. >> here i am in taipei.rt. >> i looked at what she did and i i i was like wow i with wish i ould do somethilike that. she inspired me. >> the around the world trip took a year and a half to plan and a budget of $185,000. >> i knew it was going to be an expensive trip. so yeah i saved up about 10,000 from baby sitting. >> she then turned to sponsors for the rest of her trip. she traveled as the peace ambassador. >> i think i represent women and the millennial generation too. >> she met with government officials and students to promote peace and sustainable travel. were there things you learned that surprised you. >> there were times i wanted to quit. i also didn't realize how accepting and open minded i would become from this expedition. >> the 27-year-old traveled alone to every country. >> ever any hesitation about safety. >> africa was the most challenging. central africa was the most challenging. i was in this hotel and 2:00 in the morning i was just sleeping and a man just entered my home room. and i sai