her film "misunderstood" played at the festival. asiae single mother of two children and lives modestly in the middle class of the out skirt of rome. she was born and raised and remained a roman by blood and attitude. >> how was it? >> it is fantastic. >> yeah, it is actually great. the gladiators, look like ancient roman in a way. >> so romans complain? >> the romans they complain about everything, gypsies and the mayor. >> who's taking over? ? what >> what's the fascium? >> my daughter goes to a private school. a kid will get under a teacher's desk and start chapterinting li hitler and the same time you see around with musolini. it would be absurd. ♪ anthony bourdain, "parts unknown" is brought to you by the venture card, earn unlimited double miles, you can use any airline and any time. miles on e! switch...to the capital one venture card. with venture, you earn unlimited double miles on every purchase, everywhere, every day. not just ...(dismissively) airline purchases. seriously... double miles... everywhere. what's in your wallet?

it's actually -- great. >> asia: the gladiators. > anthony: so, romans complain? >> asia: the romans, they complain about everything. >> anthony: yeah? >> asia: oh, it's a nightmare. complaining about the gypsies -- >> anthony: right. >> asia: about the mayor. >> anthony: so, who will run rome next? who's taking over? what about fascism, like mussolini? >> asia: yeah. my daughter, okay? >> anthony: mm-hmm. >> asia: she goes to a private school, but not, like, you know, expensive, like, no. it's a -- it's a nun's school for christ's sake. okay? a kid will get on the teacher's desk and they will start chanting, like, "hitler, i love you" and, at the same time, as you see around, there's an obelisk with mussolini and it hasn't been torn down. in berlin, you wouldn't see something like that from hitler. >> anthony: right. >> asia: it would be absurd. here, no. ♪ so, mr. harris, we have your fingerprints on the safe. a photo of you opening the safe. a post using the hashtag "#justrobbedthesafe" so, what are we supposed to think? switching

micheal from uber in the asia—pacific. ws making headlines in india, the boardroom battle is overfor in india, the boardroom battle is over for now. the former tata chairman had resigned from the board of old tata group listed companies. he has vowed to push for better corporate governance. his resignation comes ahead of several meetings at qatar steel and tata motors to remove him from their boards. —— tata steel. christine lagarde has been found guilty over negligence over a huge compensation payment made eight years ago when she was the french finance minister. christine lagarde always denied wrongdoing. the court has decided not to hand down any punishment. thousands of passengers around the world for virgin could come to a halt. grounded workers are threatening industrial action starting friday in a dispute over pgy- starting friday in a dispute over pay. this comes ahead of the peak travel season with christmas and new year's just around the corner. when i spoke to the man who is their spokesman, i asked i spoke to th

they spend tens of thousands, committed to 60% in the asia-pacific anasiapacific and e the posture. the second phase we committed to sending some of our best people and most advanced capabilities. our newest aircraft and service vessels to the asia-pacific we also developed new and innovative strategies and concepts and put them into use in more complex exercises on our own and with our partners none larger than this. we have strengthened our bilateral alliances and partnerships. we've now strengthened these relationships so they better reflect the social security needs. there are so many examples. whether it is our long-time alliances or newer partnerships like those in singapore, vietnam but for time's sake i will focus on the two i'm leaving tomorrow to visit mainly japan and india. the us-japan alliance remains the cornerstone of the pacific security and with our new defense guidelines the alliance has never been stronger or more capable of contributing to security in the asia-pacific and beyond. likewise, it's the closest it's ever been. through our strategic handshake with ame

her semi-autobiographical film "misunderstood" played at the cannes film festival. asian and lives modestly in a middle-class neighborhood on the outskirts of rome. she was born, raised, and remains a roman, by blood and attitude. >> how is it? >> it's fantastic. >> mm, yeah. it's actually -- great. >> the gladiators. it's like ancient rome in a way. >> so, romans complain? >> the romans, they complain about everything. >> yeah? >> oh, it's a nightmare. complaining about the gypsies -- >> right. >> about the mayor. >> so who will run rome next? who's taking over? what about fascism, like mussolini? >> yeah. my daughter, okay? >> mm-hmm. >> she goes to a private school, but not, like, you know, expensive, like, no. it's a -- it's a nun's school for christ's sake. okay? a kid will get on the teacher's desk and they will start chanting, like, "hitler, i love you" and, at the same time, as you see around, there's an obelisk with mussolini and it hasn't been torn down. in berlin you wouldn't see something like that from hitler. >> right. >> it would be absurd. here, no. ♪ ♪ w

let's get straight to the markets here in the asia-pacific. let's head to australia where the asx 200 is up half a percent. ahead of the monetary decision, they are expected to hold steady at 1.50%. let's go to the nikkei 225, which is just start to go trade. we saw the japanese yen weakening in the last session. the exporters are getting a boost. nikkei up 1%. the yen not doing much after weakening in the last session. let get a check of korea, because it is always just getting under way. we have the korean waun weakening in the last two sessions, right now gaining strength on the dallas. positive sentiment spilling over into asia trading. >> taking a look at what happened here on wall street, it is green as you guys are taking the cue off the s&p 500. off about .6%. let's bring it over to su keenan to talk details. italy wasn't as bad, at least for the markets? >> no. rlies.the financials italy turned out to be just a blip. take a look at the green on the screen. earlier in the day there was a bit of a deadline, but those losses quickly erase

the asia pacific economic council. we are also developing such as the xrchcso, the shanghai organization, the eurasian economic union. russia's idea to form a multi-level marketing in eurasia. we have started to discuss it in-depth at different regional and international forum. i am sure this is what we could have with various eu states hoff having growing demand for political and foreign and economic policies. our experience with the asia pacific has been very successful. this was shown in the eastern economic forum that was hosted this year. would i like to ask the government to look at the discussions of this forum. russia's asia pacific agenda is not dictated by our short-term policy works but our long-term political and economic interests. one of the key factors in providing global and regional stability today is the comprehensive partnership and strategic cooperation between russia and china. it is a role model for international relationship. taken into consideration in harm any. today, china is becoming the world

let's check back in on the markets. asiatocks tracking gains in the u.s. , theng us from singapore head of asia-pacific equity and credit at ubs wealth management. great to have you. you mentioned about these records, the dow rallying more than 300 points, bonds also up. it seems like there's a lot of pressure on mario draghi on this one once again. what if we get another disappointment that we saw in december 2015, it is not seem like we are setting up for that disappointment right now. howard: starting with the u.s. perhaps, we have [indiscernible] as compared to the first half where we saw earnings decrease drag by oil and other factors. the third quarter was evidently the first one since a while since -- that we see earnings growth positive year on year and that trend will accelerate. -- 2016omparing i-16 and next year followed by 8%. what the market does right now is to start pricing in and anticipate that better momentum and earnings. i think it is quite logical for the market here to follow the future ending trend upw

the us. but not so much in asia. only topic asia was searching when it came to donald trump searches. fascinating. let's move on to south asia and india in particular, a really important year in terms of the economy, reflected in some of the economy, reflected in some of the search phrases that we saw. tell us more the search phrases that we saw. tell us more about this. this is a big yearfor india in terms of us more about this. this is a big year for india in terms of world financial markets. at the start of the year everyone was focused on the chinese stock markets when they had that incredible meltdown but beyond that incredible meltdown but beyond that indian stocks began to rise on the world stage and that was something people were searching for but that got thrown out of the window when they decided to do monetise and say you have to have certain cash in certain amount is. look at that figure, up until that moment, we start seeing those keywords being searched. -- amounts. they have to get their cash sorted out

australia getting the most in asia. strong volume. we go to the sector breakdown, you can see this rotation we have been talking about. we are seeing that across the australian markets, now across elsewhere, tech, financial, and consumer financial. some of these tech have not seen the same kind of love from the trump rally. today.aterials lagging futures oil and steel as well. looking at the early sydni session, we are getting discretionary retail stocks. rallying,th care travel stocks as well. jet rallying close to 3%. i went to have a look at the dollar yen. it has not moved very much. the dollar-yen looking flat at 115. that is not providing a lot of momentum. we continue to see these declines when it comes to some of these metals. copper is looking lower. rangussie dollar looking ed, despite this flood of got this rate. data.od of host: u.s. stocks rallied to new highs as investors look on the fed policy decision since the election. a look at the midday on wall street. >> it seems like the upper momentum has the upper hand in u.s.

that made sense because of the asia-pacific's unique history, geography, and politics. instead, the united states has taken a principled and inclusive approach and collaborated with a network of regional allies and partners to enable principles security and uphold important principles, like resolving disputes peacefully, ensuring the countries can make choices free from external coercion and intimidation, and preserving the freedom guaranteed by international law. because we did so, out of the economic world war ii, miracle after economic miracle occurred. think about it. first japan and taiwan, south korea and southeast asia, and now today, china, india, and others rose and prospered. that progress produced incredible things in the region. populations are growing, education has improved, self-determination has spread, economies have grown more interconnected, and military spending and cooperation are both increasing. amid all this remarkable change and progress, america's interests and objectives in the asia-pacific have endured. we still want peace, stability , and pro

the yen. you are watching "daybreak asia." eck of latest business developments, shareholder dissent with a decision to abandon shares to purchase part of a transit firm. the bank wanted to buy in the , $86hen metro group million, but major shareholders did not agree on a deal. they did not plan for any major asset moves. yvonne: as he had no is making job -- this company is making job cuts. they told bloomberg they will off, 3000 people per unit, i.t., human resources and [indiscernible] they now employ more than 23,000 people. -- uber'ser hasramy: rival -- that will present a 10% stake in the dubai-based company. they raised $60 million last year throughout the u.s., middle east and asia. to half $1o get up billion. yvonne: let's turn attention to one of the largest public transport and mobility operators , they operate 13 different railways, coaches and fairies. it is also the parent of hot import -- hong kong transport. we have the ceo. we have a relatively small presence in asia, given the fact the region relies on public t

that made sense because of the asia-pacific's unique history, geography, and politics. instead, the united states has taken a principled and inclusive approach and collaborated with a network of regional allies and partners to enable security and uphold important principles, like resolving disputes peacefully, ensuring the countries can make choices free from external coercion and intimidation, and preserving the freedom guaranteed by international law. because we did so, out of the rubble of world war ii, economic miracle after economic miracle occurred. think about it. first japan and taiwan, south korea and southeast asia, and now today, china, india, and others rose and prospered. that progress produced incredible things in the region. populations are growing, education has improved, self-determination has spread, economies have grown more interconnected, and military spending and cooperation are both increasing. amid all this remarkable change and progress, america's interests and objectives in the asia-pacific have endured. we still want peace, stability, and progr

now if we look back across the ocean towards northeastern asia, a classic winter weather set-up reallyinating much of japan, even extending down to the south, into taiwan, eastern areas of china. you can see on the satellite, those northwesterly winds coming through, picking up the sea-effect snowfall, even down to the south, nock-ten now down to a tropical depression just because of that dry air and high vertical wind shear coming with it. where all the rough weather is now is back towards the north. if you take a look at japan, in fact, going into thursday morning, about 20 centimeters of snowfall expected. and by thursday night, you could be seeing double that. and even winds down towards the southern japanese islands, up to about 90 to 100 kilometers per hour. with this cold surge, you have the northwesterly winds coming in, ushering temperatures, beijing with of 4, seoul at 2. as we look ahead through the next several days across japan, heading into the holiday weekend, temperatures are going to be remaining rather chilly. you take a look over towards new year's eve and then new y

the 1998 financial crisis. we think you will see something strange in asia. asia, everyone talks about china. a has some pretty significant challenges at the moment and nobody has ever believed their growth of 6.5%/ evin prison is actually that, it's more around 4%. you will see their growth continuing to slow but you will see others grow faster —— 6.5%/ 7%. you will see others grow faster —— 6.596/ 7%. they you will see others grow faster —— 6.596/ 796. theyjust employed a book about the death of china. he is refusing to implement trade agreements that have yet to be fermented, so there can't be any effect going forward. there's the fear that he could brand the chinese as currency manipulators and impose massive tariffs on chinese products. there are parts of the chinese economy where he is likely to impose tariffs, although since he's changed his mind on almost everything he said on the campaign trail, we can't be certain about that. when he actually takes the time to listen those who understand the chinese economy, or should i say if, he will discover american and european investment in chi

the partner between europe and the middle east and asia is also unclear. while israel and traditional allies in the middle east are alienated by the nuclear deal with iran. america's credibility so security gaurentor has been damaged by the failure of the red line and by the threat not to protect allies in europe and asia unless they pay more for their defense. there's a sense that the west is in retreat and the liberal international order is framed. this is the jumping off point to go back to the first principles and examine the relevance of alliances that date back to the earliest days of the cold war. whether the costs still offset the benefits today and how they can adapt to meet the very different challenges we face. the key to alliances is that the sum is more than the parts. alliances enhance security by combining military power and increasing their cooperation and also support the international order and restraining allies. a relationship that works in both directions. alliances building relationships and mutual trust over time that ad hoc coalition

don't think the fundamentals of asia are bad. i think the economic fundamentals are much better.t the dollar. it's because the dollar was operating under very low interest rates for a very long time since 2009. so i think we need to see this not as a crisis in asia, but more about the normalisation of interest rates in the us. how will this impact asian economies next year?” the us. how will this impact asian economies next year? i think we will see probably quite significant appreciation of the dollar still to come against many asian currencies. so on the currency side, we will see somewhat more weakness for many asian countries, and that may help their exports. but it also brings with it concerns about capital outflows because the strong dollar and stronger us growth will attract capital into the us assets and out of asian currencies and asian assets. so that is a risk that if there is significant capital outflows, it could create some pressures on some of the currencies in asia. so it is one of the downside risks for 2017. over now to china where currency weakness is driving u

look at these very positive by outsourcing across the asia-pacific index. edian market high with all of the energy producers getting a strong boost. topped $50 a barrel for the first time since october 27. you see the dollar strength story that is weighing on the yen. the nikkei is up. let's have a look at how the macau casino stocks are bearing following the latest numbers coming through. a bit of a mix picture. galaxy and window are in the red. also we have been watching the currency market very strongly today. weakening thelly fix for the first time in four days for the onshore renminbis. is one currently bucking the trend we have been seeing in the dollar strength story. the japanese yen also in focus. we'll be live from london at the top of the hour. this is bloomberg. >> this is bloomberg technology. i am emily chang. in silicon valley, technologies like ai and robotics are seen as innovative. in other press of the country, they are job killers. in other press of the country, they are job killers. is the tech industry's lack of empathy a real issue? if

interests but also rooted in common values, stands as the cornerstone of peace and stability in the asia-pacific and a force for progress around the globe. our alliance has never been stronger. in good times and bad, we are there for each other. recall five years ago, when a wall of water bore down on japan and the reactors in fukushima melted. america's men and women in uniform were there to help the japanese friends. across the globe, the united states and japan worked shoulder to shoulder to strengthen the security of the asia-pacific and the world, turning back piracy, combating disease, slowing the spread of nuclear weapons, keeping the peace in the war-torn lands. earlier this year near pearl harbor, japan joined with two dozen nations in the world's largest maritime military exercise. that included our forces from the u.s. pacific command, led by admiral harry harris, the son of an american naval officer and a japanese mother. harry was born in yokoska. but you wouldn't know it from his tennessee twang. thank you, harry, for your outstanding leadership. [applause] pres. obama: in this sen

we are watching to see what the impact will be on asia with the currency movements in recent weeks. moved much in asia. where is the region headed in terms of growth and how will debt problems play into this? expectt, in asia, we do a flat growth going into 2017. it is a mix of different countries. china continues to slow down which does affect importing industries. but we expect japan to pick up from 0.7% this year to 1% next year based on momentum. -- around 8%. ok with a bit of a caveat because -- becausetization of the demonetization. growth is flat but it is a mix. betty: we are talking about china's debt problems being compounded by the fact that president-elect donald trump during his campaign has pledged a trade war with china. it could exacerbate the problems there. what does that mean for china and for the other countries in asia that depend on china for sending their manufacturing and services there? take a look at the bloomberg. trade flows with china -- so many asian countries depending on trade with china. affect -- how will that complicate asia's credit quality concern

opec suppliers fighting for market share in the asia-pacific . we have seen a softening of that policy. the saudi's have defended their position. now we are starting to see a new policy coming out of saudi arabia, a policy which is more price sensitive. the minute we had that shift, the potential for a deal grew. impact will the trump presidency have on asset markets around the world? this is bloomberg. ♪ november was the second worst month of the year for emerging markets. it ended with signs of a stock rebound. where are the investment opportunities? >> when you think about emerging markets, you have to pretend your -- protect yourself from volatility. people are concerned about some of the trade issues coming out of the u.s. postelection and worry about the impact of rising rates. .e look for their new economies how do people move into mobile banking? what do these new middle-class consumers do? when you look at places like , and passport holdings from chinese nationals should increase, or you look at india, where reforms are happening, we see

the u.s. actually lifted growth in asia? en it comes to trump's policies, protectionist views, a lot of asian nations are more reliant on chinese demand, not so much the u.s. is a very valid point. the market has reacted to a lot of promise in what donald trump has said. how much infrastructure will ,ome through and how much trade protectionism may be enacted. the time frames are much longer 2017we might see in and are more of a 2018 story. ingn we look at emerg markets before trump won the election, we saw them favorably. fundamentally, a much better position than last time. supporting all of that for us is the fact that valuations look relatively attractive compared to developed markets. commodity prices are moving higher. those are all positives about why markets could perform. we are cognizant that they are higher dollar, higher rates. it is a case of, let's wait and see what happens after january the new president. how many of those plans materialize. for thingsre looking that provide value in the market. strong you ment

it is trump through the fed to southeast asia where we see the impact.ce today saying that the fed may have to hike more because the trump impact would, in a time where unemployment is low, we to high inflation. -- lead to high inflation. a tilt on the consensus. jump into this with me, world interest rate projections. go to the left side, june 14 is the last time the rate hike rises above 50. markets do not see the market moving at. bloomberg intelligence sees only 2 interest rate hikes next year. they say boosting the dollar will hold gdp back a bit. london sees 4 rate hikes, benchmark treasury at 4%. the views are all over the map right now. rishaad: what about japan? how does donald trump play into the narrative? yesterday they did not do anything with the qe program. >> we have gone from trump-onomics to trump-flation. and that is great for the boj. that is one reason that a survey suggests they will not ease more. nothing will happen when governor kuroda steps down as the head of the boj. this chart talks about the global impact. particularly the s

at the way the markets are trading in asia. ing at the way the hong kong hang seng is down 1.5%, and the shanghai composite also in the red, along with the nikkei. rishaad: that's what we have at the moment. coming up, we are looking at the philippines. is visitingt cambodia and singapore. we are talking to his trade secretary. ♪ is 10:29 a.m. in hong kong, 1129 in tokyo. 39,000ia's economy added 100 jobs in november, more than double forecasts. the growth was led by full-time positions with a higher participation rate, signaling a healthy labor market and validates the prediction that hiring would improve in the coming months after mixed messages's on the ground and suggests policymakers will extend the interest rate pause. swell as agest banks recent surge feel speculation that shares have gone too far too fast. the election of donald trump lit attracted and over trac buyers. they see the rebound as overdone. the bank spent 2016 as japan's worst-performing stock. the fugitive accused of stealing data from 100 million customers

this is the second hour of "daybreak asia." it is just past 8:00 a.m. in hong kong. 7:00r: it is just past 11 p.m. in new york. day, wefifth straight have rallied. the nasdaq also rallying. ist kind of bullishness filtering into how asian markets are shaping up. thise: interesting to see rotation into tech as well. we are trying to decipher the moves from mario draghi. some say it was clever what he did. he was able to appease the doves as well as the hawks. workinge how things are out so far with the market opens in japan and korea just coming online. 1.5%., up dollar-yen did we can overnight. -- weaken overnight. the, we are waiting for impeachment vote. we have rosalind chin there. on the stocks, modest gains. record theme is the highs in the u.s.. let's bring in su keenan. su: highs again for the s&p and dow. what this means is we are starting to see a real trend here. a lot of green on the screen. let's go into some of the big gainers. is pinktypically see sheets or penny stocks start to soar. stocks are up some 300% because of high social media vol

indeed, the end of using 20% growth in asia for the first 10 months of the year. s about what is going on and how bmw is doing. you talk about growth, southeast asia holds a lot of potential for bmw. guest,peak to our next you are betting on markets like vietnam where you are saying -- seeing 40% growth? is that sustainable going forward? >> good morning. haslinda: good morning. >> i'm pretty optimistic for the next couple of years in vietnam, but there are other countries. i am betting also on the even if the gdp growth in indonesia is not strong at the moment, but the long-term potential, the market is immense. haslinda: what is contributing to this phenomenal growth? it is not just a low base. >> it is starting from a low base, and gdp growth is important. the region has seen constant growth, 5%, 6%, which you don't see anywhere else in the world. haslinda: what are they buying, the higher end, the bigger cars? in asia, a brand reflects your wealth. wealth.flects your status is important for asians. when you enter the market, we start at a high level, so they ta

for managing historic change in the asia-pacific, the single most consequential region for america's future. were strengthening our deterrence and defense forces in the face of north korea's continued missile provocations. were checking iranian aggression in the gulf. on helping defends her friends and allies in the east. were counterterrorism and accelerating the certain and lasting defeat of isil. the course were preparing to contend with an uncertain future. ensuring our military is ready for challenges we may not anticipate today. defending our our country and this strategic transition requires our military deters the most advanced adversaries while continuing to fight terrorist groups. to be clear, the u.s. military will be ready to fight very differently than iraq and afghanistan or the rest of the world. we will, as we must be prepared for a high end enemy which we call full-spectrum. our budget, planes, training capabilities and actions we must demonstrate the potential that if they start a war, we will win it. because of force meant to deter conflict can only succeed if it c

. >>> the sense of caution prevailed on other markets across the asia pacific region. hong kong ended flat and the shanghai comp zt slid nearly 1.5% to finish at 3,140. weaker commodity prices. sydney outperformed the rest of the region and s&p gaining by 0.7%. 5,584 for the closing number there. gains in financials and utility shares boosted the index to a four-month high. here's a look at some of the other business stories s we're following. officials in japan's government are expecting the economy to improve in fiscal 2017. they're work on a forecast for the annual budget that takes effect in april. a draft version is predicting gdp growth and lift earnings at exporting companies. they also expect higher salaries and more jobs leading to personal consumption. a japanese consortium for crude oil production in eastern siberia. japan oil gas and metals corporation is working with trading house and oil developer inpex. it will start tapping as early as this month. it will be supplied to russia and other asian markets. >>> this week we start our three-part series on how j

and fhan attended the asia pacific cooperation summit in peru on behalf of president park. park will remain suspended from her duties until the constitutional court rules on her impeachment. the court can spend up to 180 days making the decision. if it rules in favor of the impeachment motion, park will be officially kicked out of the office. a new presidential election must then be held within 60 days. if the court overturns the decision, park can resume her dudues immediaiately. and actually, this has happened before. a late former president was impeached in 2004 over a campaign funding scandal. but the court rejecteded the impeachment and he resumed his presidential duties. >> any prospects of the political situation in south korea being stabilized now that the vote is over? >> well, actually, i don't think so. some opposition parties still want park to step down immediately and even though the impeachment motion was passed. so i think you can expect to see more political pressure on park's administration. and when it comes to the ruling party, its division over the impea

not only in the mideast, but in asia and super as well. he needs to articulate what his vision is for the next four years to calm people's fears to clarence's point and to other people's points out there. a lot of people are nervous and the reason why is the president-elect tends to make policy impulsive on twitter. clarence mitchell a few moments ago, a shade of gray and nuances and that's what people live by. the other question is whether or not speaker ryan and mcconnell. >> will you excuse me as i interrupt. the president of the united states is now taking the mike and about to speak at the uss arizona memorial. take a listen. >> on behalf of the american people thank you for your gracious words and thank you for your presence here today. a historic gesture that speaks to the power of reconciliation and the alliance betwe the american and japanese peoples. a reminder that even the deepest wounds of war can give way to friendship and lasting peace. distinguish guests, members of our enforcers and most of all, survivors of pearl harbor an

at the macro level, look at the growth rates in general asia. h china, it is the law of big numbers, but a huge economy. others out of emerging markets outside of asia. global gdp has been driven by em. where does that growth come from? when you look at what it has produced, you have a real opportunity in china with resurgent and commodities. it has improved the debt ratios of heavily indebted companies. this is a great opportunity for four in that space while there is less pressure. we keep watching gdp growth. >> the biggest risk for emerging we keep watching gdpmarkets, wh? we have the rising fed, the trump presidency, the slowdown in asia and the rest of the world. >> the biggest optic concern is a lot of sabre rattling on trade out of the u.s.. a lot of uncertainty out of europe. if we continue to see brexit is the first steps in a lot of confidence towards more protectionist stances, that move would be negative for emerging markets. at least optically it will make people cautious on that the export side of the equation is breaking down. tha

on the leaders we saw in asia and their biggest challenges. antime, sony's robot dogs were never the main success they have helped for -- hoped for, but a determined few are determined to keep them alive. this is one of the 150,000 or so sony sold. they had just made it to middle age in dog years before the division was killed off. later, theydecade still provide comfort to devoted followers. i think my love is much greater then when i first met him. he runs to me when he finds me and starts dancing. sony engineerrmer provides a lifeline. >> we were first asked to fix them when an elderly man said he wanted to bring his to the nursing home. when we are asked, we will do what it takes. rosalind: the demand is so great, his team of seven engineers cannot work fast enough. he is hiring more engineers. impact, he is trying another business idea. bringing them into elderly homes to offer therapy. >> when i say something, it responds. it is a very special feeling. it makes me feel happy. i have never seen anything like this before. i kind of like thi

weakness across the board, new zealand the only bright spot in asia today. seeing australian market pullback from highs yesterday, and japanese stocks falling 1% on yen strength. banks and exporters leading that drop, and toshiba feeling the , sharestending the drop falling as much as 26% today, 74 after since 197 having his ratings cut. a source saying a debt equity swap may be on the cards if the charges surpassed ¥400 billion. backhilippines pushing after yesterday's rally, the shanghai composite down .2%. given currency markets the weaker fixing from the pboc, a softer currency today, the yuan there. a stronger day for the yen against the dollar. that's dollar-yen up since november. trading below 117 as the greenback fell against most major currencies. in the oil space, continued weakness there, oil retreating from an 18 month high after industry data showed u.s. stockpiles in the u.s. rose last to of forecast showing inventories fell. we are close to what we are expecting from opec and other major oil producers next month when it comes to those promised

as the economic and transport bridge between central and south asia, europe and the far east, president rani has made regional cooperation and connectivity a top priority. it has paid off. in agreements, we have forged through central asia, china, and inindia. i would like to list just a few highlights. the first train from china recently arrived in afghanistan as part of the five-nation railway corridor connecting china with iran. more than half of that, 2100 kilometer track, will pass through afghanistan. the potential impact, economic impact on trade and transit cannot be underestimated, nor can the positive effect this can have on regional stability and integration. afghanistan just opened the first lappis-lazuli railway will will connect our two countries and extend east and north to europe. we are working out the details of anchor door with yand to give our farmers and traders unrestricted access to the indian markers. 1,000 electricity transmission and trade project will bring electricity surpluses why kazakhstan to pakistan and afghanistan. the two-top electricity power line wil

>> we're really looking at almost every country in asia right now because the picture in asia looks very good. for two very good reasons. one, the growth in china continues to be very, very high. 6% or 7%. the growth in india seems to be empb higher. 7% or 8%. we expect that kind of growth in the two largest countries in asia are going to be beneficial to all of the asian countries. vietnam is one of our hottest frontier markets. thailand where we've been for many, many years continues to do well. malaysia is slowing down a little bit. again, the opportunities there will be good as commodity prices begin to come up again. >> let me go down that list and start off with china. we're seeing some slowdowns in the country, the past few years. how concerned are you about the data that's coming out right now? >> there's no question that the velocity of the economy is slowing down. in other words, you're seeing a deceleration. however, the current growth in dollar terms is greater than it was when it was 10% in 2010. so in looking at the totality of what's happening in china, you must realize th

the head of asian investment strategy at asia c.c. private bank on the fixed income market. ch more ahead. international expansion, details from sydney in a moment. this is bloomberg. ♪ >> this is daybreak asia. i'm in hong kong. >> i'm here in new york. crown resort is surging by the most in a month in sydney on its return to trade and also ving to unload more of its remaining stake. over to paul for more on this story that developed yesterday. what more do we know about crown's plans, paul? paul: multi developments in the u.s. overnight crown selling an additional 40.9 million shares, 2.8% of the outstanding stock that remained on top of what we heard on thursday with the sale of the 30.4% stake in melco crown on the u.s. listed for $1.2 billion u.s. along with that plan to shell everybody -- shelve its international assets. all of this reaps a total of $1.4 billion. a special dividend and share buyback and as we heard yesterday crown resorts planning to redeploy capital to fund the high growth projects. >> scrapping the spinoff i think some analysts are saying this is quit

defense guidelines the alliance has never been stronger or more capable of contributing to security in the asia-pacific and beyond. likewise, it's the closest it's ever been. through our strategic handshake with america reaching last in the rebalance in the east in the policy the two nations are exercising together by air, land and sea and we have the technological handshake as the trade initiative grasps hands in the campaign that's helping the country move towards a more diverse development and production system for developing weapons and now in the third phase it will be necessary to cement the progress we made in the first and second phase to build upon it the united states will continue to sharpen the military so we remain the most powerful military in the region by increasing and targeting investments and capabilities suited to the region to ensure that we stay the best. more on that momentarily. we will also continue to make technological investments including some surprising ones that will help us keep the lead and we will further catalyze the growing principled inclusive security network altho

let's check out on how the markets have been doing in asia today. here is juliet. ks a little negative as we head into the final couple of hours of trade here in asia. it certainly hasn't been a great week for asian equities. the shanghai composite down about .15% after resuming trade from its lunch break. stocksex has -- tiny heading to their biggest weekly decline in eight months, not only the fed interest rate hike propertyerns about stocks. hong kong looking fairly flat at the moment. there has been little bit of positivity coming through from some of the interview players today. australia closed in the red, down by .10% and new zealand had a better session, up by .2%. the front runner today has been japan's nikkei, up by .7% in late trade with about a half hour trade left to go. thear strength following hawkish comments from the fed earlier this week, sending the again down to a 10 month low against the dollar. we will be live from london at here onof the hour bloomberg television. that is a live shot of hong kong. emily: back to our main focus, high-profile ha

the others asia-pacific region. the others are nato and real pack. they should not worry about america's commitment under those treaties and those are treaties with japan, korea and the philippines. they should not be concerned about our resolve in meeting our treaty obligations. i think the president clearly signaled for example where we stand as a nation with regard to our treaty with japan over the issue of secaucus and the fact that they fall under the provision of the treaty with japan. that was clear signaling to china. with regard to freedom of navigation perations and the like and the operations and the like and the issue of deterrence and provocation, freedom of navigation operations are not designed to deter anybody from doing anything. freedom of navigation operations are designed to do just that -- hey are designed to exercise a they are designed to exercise a nation's freedom of navigation in international water or over it. and so if you don't exercise the freedom of navigation, then, under international law, you might lose that freedom

what does the research then tell us about the cases of sarcoma in asia? n other parts of the world, as you've just been saying? clearly that's an area of interest for us to investigate. it is, indeed a higher incidents. what we found was a higher proportion of sarcoma, particularly in angiosarcomas. so to that answer, we're uncertain and certainly more research needs to be done in that area to look at factors that may account for it. in terms of angiosarcomas, what did you find in terms of how they translate into some of the common cancers we know about? what can you tell us about that? in our study, we had 423 patients and that makes it the largest internationally. and that was the first in asia. we found two very interesting findings. number one is that chemotherapy did help patients. but interestingly, only half of the patients received chemotherapy and led us to think — why is that the case? what happened to the other half? and that would be the subject of the next research interest to find out what exactly is happening on the ground across asia. the s

trade negotiations and initiatives in the asia-pacific region. nabel gonzalez is with the world bank group and surface coaster rica's minister of foreign trade which led efforts to join the oecd on the major trade agreements to contribute to attracting over 140 new projects. her time has more than 15 years of service with the foreign trade which has various positions. damien levie is the head of the section of the european union delegation here in washington, d.c.. before coming here he was a member of the cabinet of the trade commission and also the head of the usa canada team of the director general fodirectort the european commission since 2001. bobby pittman is the managing director focused on africa most recently he was the president of infrastructure private sector and regional integration development bank from 2009 to 2012. he previously held the positions that the government agencies where he also worked on a variety of issues including the national security council, the treasury department, state department and the white house and last bu

the fed. ♪ .": this is "daybreak asia quick check of the latest headlines.per mario is taking his run to more mobile devices. it has begunsaid preregistration. until now, the game has only been available on apple mobile. interest has tailed off. super mario run is no longer the pp.hest grossed a the funds says hall will decisionas cio and his will not affect operations. nter hall says it has had approaches from companies wanting to buy shares. offshore yuan haired it's losses. -- it dropped as much as a quarter percent. offshore rates, the most in two weeks. china says it will dilute the role of the dollar. let's take a look at the euro. our next guest says it is the most influential to watch out for. great to have you here. perfect timing. to talk about what is going on with the euro. given the spike we have seen this morning, what is going on? has iteen liquidity? then volumes? 200 points in a matter of minutes is unusual. it reflects the thin trading conditions. they are at a loss for an explanation. the lack of liquidity meant the buying was exaggerated.

three, the rest of asia when you look at australia, japan, south korea. e rsi's are above 60 in japan's case, quite high. sell?me that may signal overbought? yields are mixed in the bond markets, u.s. 10 year on the way up. japan pulling back to basis points, a rally in the 10-year jgb. rishaad: thank you very much indeed for that. news: let's get first word for you. a gun man on the run incirlik aner worshipers were shot at islamic center. three men were wounded when shots were fired as they were praying. the shooter is still at large. armed police were deployed in the area. the dead body of another person was found later a few minutes walk from the islamic center. it is unclear if they are linked. tohaad: the nascent campaign prevent donald trump has failed with the electoral college formally naming him as president. some wanted the 538 unnamed members to refuse to endorse the result. trump easily cruised past the 270 vote finish line and will be sworn in next month. haidi: christine lagarde has been found guilty of negligence during her time as french p

not see the latest from our southeast asia -- let's see the latest from our southeast asia correspondent. the banker we're talking about, 34 years old, he five years.or the court found him guilty for extracting justice. he was found to try to temper with witnesses. what we know as well as that he tried to hide his illicit wealth. a reported $18 million, u.s. dollars that he received in secret profits from transactions. we're told that he downplayed his trade. this is a man at the heart of all investigations better known low.e the charges but the court described him as unreliable, not a credible witness. the obstruction of justice carries a jail sentence of up to six years and a fine as well. -- has he faced other charges? sevenda: he faces separate charges but the trial will happen in april. prosecutors say he could face even more charges. singapore as you can understand, nt is clamping down on errab bankers. this is the third conviction. allegedly misappropriated thousands. the biggest money laundering case to hit singapore. ubs, standard charter, falcon bank crowd to have committed bre

goldman sachs on how the outcome on asia will change with the italian referendum. s bloomberg. ♪ rishaad: you are back with "bloomberg markets: asia" the latest business flash headlines, hong kong's richest man making a bid to boost his power assets. li ka-shing offering for duet group, 28% premium. the offer has pushed shares up to the highest since 2008. haidi: president obama has blocked the sale of aixtron to a chinese country, the only third time in the quarter century that the white house has rejected a buyer as a risk to national security. recommendation should be upheld and should not go through. hasaad: india's adani received approval for a coal mine. the project faced opposition from environmentalists. to meetrman expected with malcolm turnbull to discuss funding. asian stocks have dropped after the result of the of tying in referendum. he willenzi saying resign, falling on his sword. this was unexpected in terms of how quickly we have that outcome. rishaad: let's get market reaction to that. what is the readthrough on this? the nos a clear win for campaig