we're going to find out if this company will be booted from the tokyo stock exchange., alexa, start the car and turn the radio on. yep, she's coming to a ford near you. the american car giant teams up with amazon and guess what? we're taking a test drive. welcome to world business report. if you've got eight minutes, stay where you are and i will give you an exciting snapshot of the latest in business and money. starting with big troubles at toshiba. the company is expected to publish its result. with the waiting for a long time. the latest numbers will be for the last quarter. this comes after we've been waiting, because they've already been postponed twice. the numbers are expected to be disastrous. let's have a look. recently, toshiba announced its losses... these losses would triple after the result of the difficulties faced by its us division. the us nuclear division has suffered huge costs, in particular at the projects in georgia and north carolina. toshiba told us these numbers would be awful and look what happened with investors! they've sucked their money out

we're going to find out if this company will be booted from the tokyo stock exchange. and alexa start the car and turn the radio on. yep, she's coming to a ford near you. the american car giant teams up with amazon and, guess what? we're taking a test drive. but first, america's secretary of state, rex tillerson, is preparing to fly to moscow later today, for crucial talks over the russian government's continuing support for president assad, after last week's alleged toxic gas attack in syria. this morning, at meetings with allies in italy, he will finalise a joint message that could include a threat of new targeted sanctions against high—ranking russian and syrian military officers. greg dawson reports. they call it the family photo and it's a family that used to include russia before it was expelled in 2014, when the gs became the g7. the kremlin may not be represented at this summit but its continued support for the syrian regime dominates conversation. these foreign ministers have been working out the precise message us secretary of state rex tillerson should deliv

toshiba's troubles continue — the japanese giant faces the prospect of being delisted from the tokyo stock exchangelive from london, that's our top story on tuesday 11th april. toshiba isn't the only japanese company which is struggling to stay afloat — later in the programme, we'll look at the issues facing some of the country's biggest names. also in the programme... the business community has been reacting to this video of a man being dragged off a united airlines flight. come fly the friendly skies... or not! we'll bring you full details later in the show. and we give you an update on the markets. the looming french election, we will tell you for that is doing to investors. and taking to a road near you? when will driverless cars become a reality — and can we trust the technology? i get the inside track from the intel boss heading up the tech giant's new driverless car division. and as aaron said, that united airlines video is going viral around the world, will be an airline ever redeem itself and what do you think the passengers should get? tell us your thoughts. let us know, use the hashtag b

it's now expected that its shares will be demoted to the second section of the tokyo stock exchange inis in our asia business hub in singapore. the third time it is missing the earnings report that what does it mean? surely it will get into trouble with the authorities? mean? surely it will get into trouble with the authoritie57m basically means its shares of will likely be demoted to the second section or even face delisting later this year. we were supposed to find out its earnings next week that there have been reports the company is likely to miss it yet again, for the third time and that is my shares have been falling sharply in tokyo this morning. interesting news is well on toshiba, it's memory chip unit, shareholders reluctantly agreed to sell it, and over the weekend one newspaper reported the names including apple, amazon on, and google, are interested in joining ten other potential readers say that will be an interesting bidding warand it say that will be an interesting bidding war and it is an important dimension that in tokyo there is quite a lot of pressure to keep practi

it is now expected it shares will be demoted to the second section of the tokyo's stock exchange in augustimproved and amongst its big manufacturers, according to the bank of japan's closely watched survey. the headline index for many manufacturers sentiment stood at plus 12 in march compared with plus ten in the previous survey. japan has a officially recognised digital currency bit coin as a formal method of payment but there are strict rules. companies need permission to use a bit coin and must have at least $100,000 in backup cash. earlier i spoke to toby from ten x. i asked him earlier i spoke to toby from ten x. iasked him how earlier i spoke to toby from ten x. i asked him how significant the move is. quite significant. japan is one of the biggest retail of ex— markets. it allows big players for example gm oh which is the biggest broker to come into this market. i would say for 2017, bitcoin at option is interesting to watch. will it be popular especially since it would be quite expensive? because of the new regulation, there are stricter regulatory requirements. as well as it requi

saw yesterday is pwc, toshiba's auditors, have refused to sign off on those results and the tokyo stock exchangemake a decision, does that mean toshiba is not in compliance with its own regulations and if so it will be forced to delist the company. i suspect it will be reluctant to do so suspect it will be reluctant to do so but then there's the credibility of the tokyo stock market, it is potentially at stake here as well. rupert, what happens next to this giant conglomerate? we know it's a century—old company, founded in 1875, will toshiba be allowed to failand 1875, will toshiba be allowed to fail and how 1875, will toshiba be allowed to failand how might 1875, will toshiba be allowed to fail and how might this failure be a lesson to other japanese fail and how might this failure be a lesson to otherjapanese stalwarts? i don't think the japanese government wants toshiba to fail but at the moment there's no rescue package, so it looks likely some sort of deal will be done to sell off chunks of the company but the problem again for the japanese government and toshiba, at the moment only foreign

so it was either produce ecosys week or be delisted from the tokyo stock exchange.t closely. they cannot afford another delay. let's ta ke cannot afford another delay. let's take another look at the us banks. we know that it is a much tighter regular tree environment in the us. present donald trump has talked about rolling back some of the provisions of the dodd—frank act, which could be positive for us—backed. with us interest rates rising in the united states, and a more positive yield curve, this could be positive for us bank earnings. sibley put, the higher the rates go, the high they can judge the loans. so the more money they can make. so the us economy is doing very well, despite the heat up —— hiccup. —— simply. very well, despite the heat up —— hiccup. -- simply. it was not a greatjob report from hiccup. -- simply. it was not a great job report from the hiccup. -- simply. it was not a greatjob report from the us on friday. the other thing that rattle those last week was this idea that from the —— that they would be scaling back on the balance sheet for the

it's now expected that its shares will be demoted to the second section of the tokyo stock exchange inreholders recently gave the green light to sell off the company's flash memory division, to raise at least $9 billion to cover us nuclear unit charges that threaten the conglomerate's future. apple, amazon and google are said to be interested in the unit. toshiba still not out of the woods by any means with a third missing of its delivery on its earnings — that is the expectation anyway. csn. in other news: the senatejudiciary committee is expected to vote later on the nomination of neil gorsuch to join the us supreme court. they will vote on whether to to send his nomination to the senate floor. he'll need 60 votes in the senate to be confirmed, but the democratic leader chuck schumer says he doubts enough of his colleagues willjoin with the 52 republicans to support the nomination. preliminary results in ecuador‘s presidential election suggest a narrow victory for the former vice president — lenin moreno. with more than ninety—two percent of ballots counted, the leftist candidate had

now, toshiba can apply to the tokyo stock exchange for another extension, but still, the delay is badolders, delivering another blow to investor confidence, and of course increasing those concerns over a possible delisting. they have delayed reporting earnings over problems at westinghouse electric, its us nuclear unit. westinghouse has been hit by cost overruns and filed for bankruptcy last week, and asa filed for bankruptcy last week, and as a result toshiba forecast an annual loss of a record 9.1 billion us dollars. to make up for this loss, the company is putting its prize memory chip unit up for sale, and bidders are queueing up — apple, amazon and google was said to be interested. that is the very latest on toshiba once again, moving in the wrong direction, as sarah said, down over 9% at one pit —— at one point this morning. business sentiment went up in march by quite a big amount, which is really interesting to know that the big corporate in japan are more optimistic than they have been for some time. that is howard have been for some time. that is h owa rd we nt have been for

how will the tokyo stock exchange actually take this?at the auditors did not sign off on this. to the tsceach out and they say they will review this information. there are a number of different ways that toshiba shares could be delisted from the exchange. it is clear that they will be dropped from the first tier of the tokyo stock exchange. even the company has said that at this point. longer-term, it's unclear if it is delisted completely or moved up in the first tier. cells potentially creeping up after this news. we will have more on toshiba later in the show. research analyst joins us to discuss the company's future or even its survival. tory: first, a look ahead the inflation data coming from china later. this is bloomberg. ♪ ramy: this is "daybreak: asia." i am dreaming it you in your. shery: china's factory gate inflation likely taking a breather in march after soaring to the highest rate in february. we can chop this off to a moderation in price gains. >> what we saw in february, the rise and the six straight months of inflation

securities regulators, but if that is rejected it has eight business days to submit results to the tokyo stock exchanger face delisting. a spokesman said it will report results when auditors approve the final figures, without specifying when that would be. hasry goods leader lvmh reported first-quarter sales that exceeded estimates. the maker of dior says sales rose 15% to 9.80 8 billion euros euros. billion lvmh joins industry rivals like hiermez and gucci after several years of ebbing demand in china. qualcomm has accused apple of lying to regulators to spend investigations of the chip maker cover uptening it to the use of inferior parts in some iphones. this is as the world's largest maker of semiconductors responded to a january lawsuit with counterclaims for damages. it also alleges that the iphone maker breached contract and misrepresented facts. shares in whole foods market surged the most in more than two years after the activist investor jana partners acquired estate, suggesting that it put itself up for sale. the investment firm announced it had taken an 8.3% stake in the supermarket chain, w

will they be listed as an entity on the tokyo stock exchange. >>> watching shares of tesla. ectric carmaker saw its stock rise by 7% in yesterday's session, pushing the market value above ford's. the big automakers came under mre pressure on disappointing market pressures yesterday. >>> shares of paratek pharmaceuticals soaring. the drugmaker announcing positive results in a late stage study of an antibiotic. >>> and boeing signed a deal with an iranian for 37 737 max aircraft for an undisclosed price. shares of boeing are up 40% over the past year. they have been soft over the past month, but flat this morning. >>> still to come on the program, a round up of the corporate stories including aig now looking for a new ceo. >>> as we head to break, check out the trading picture in europe. stay tuned, you're watching "worldwide exchange" on cnbc. tools, right at your fingertips, you have access to in-depth analysis, level 2 data, and a team of experienced traders ready to help you if you need it. ♪ ♪ it's like having the power of a trading floor, wherever you are. it's your trade

to the soaking -- tokyo stock exchange.sperson said it will report when auditors approve the final figures without specifying when that would be. leader lcm age has reported first-quarter sales that far exceeded the estimates. 9.88 billion% to euros. that is in both the fashion units benefiting from a rebound in demand. gucci inrivals like reporting a turnaround after of slowdown in travel to europe. shares in whole foods market surged the most in two years after activist investor jenna partners acquired steak and suggested the grocery put itself up for sale. the investment firm announced it stake in the8.3% supermarket chain, which has suffered its worst slump in more than a decade. that is your bloomberg is this flash. guy? guy: thank you, sophie. a big day for u.k. data. a major miss on retail sales coming in at -1% in march. we get inflation at 9:30. -- and the bank of england is looking at what is happening with endearing of the u.k. consumer, is the party now over? this chart probably tells you everything you need to

there are fears the japanese company could be removed from the tokyo stock exchange, after repeated failuresor local elections in england, scotland and wales this evening. he'll say that "open door immigration from the eu" is stretching local services and unveil the party's plans for lower taxes. time for a look at the weather. cloudy days tomorrow for those of you in england and wales, but sunnier in scotland and northern ireland. the further north you are it has been wet today, in the highlands and the hebrides, and the rain is moving further south. it is taking a while, but late in the night it will push towards the south west of scotland and northern ireland. there is quite a breeze, close to gale force in a few places, and a bit more breeze for england and a bit more breeze for england and wales, the odd shower. most will be dry and not as cold as last night, but more clout into wednesday morning in the southern half of the uk. -- morning in the southern half of the uk. —— cloud. damp start in some places, but it will brighten up quite quickly in northern ireland and scotland. it will b

for a japanese company and increases the likelihood that toshiba will be delisted from the tokyo stock exchange. there were bigger than expected losses due to write downs at westinghouse. shares of toshiba, not as big a mover today as you would expect. >> there's a la la land joke in there somewhere. you said pricwaterhousecoopers. >> they got renewed. >> i don't understand why the girl got fired, too. the girl and the guy, the guy was at fault, but the girl on the other side got fired. >> the individuals. >> both of the people back stage. >> but pwc is back. >> all right. >> anything in there about how to handle a corporate crisis? >> no tweeting back stage. >> no. that's not a huge problem. >> now a third briefcase. >> is there? >> thank god. we've got to get this right. >> one briefcase on stage left, one on stage right, and in the control room. so when something goes terribly wrong, they would know immediately. >> it's very important. i'm surprised the world still -- >> still is turning. >> the sun came up the next day. >> tgetting rid of the category of actor and actress. >> how old are yo

they have also warned that they will be dropped from the first year of the tokyo stock exchange and maytogether, high volatility situation for investors and for employees and everybody else obviously. thank you so much. up next, the u.s. vice president arriving in south korea just hours after we heard about north korea's failed missile test. we will assess the diplomatic fallout and -- this is bloomberg. ♪ from some comments from the japanese prime minister shinzo bay speaking about north it needs tog that pressure pyongyang for sincere dialogue. they are working with the u.s. and china to play a larger role when it comes to north korea and will be discussing this issue during an april trip to russia, koreae saying north holding multiple chemical weapons. over the weekend, the north korea did fire some missile that failed. we continue to watch those lines from japan. >> that segues nicely with our next guest talking about vice pence's meeting during his 10 day asia trip focused on business, but certainly geopolitics will be on the agenda. bloomberg is traveling with the vice president.

only have eight more business days to finalize their books or they face delisting from the tokyo stock exchangeignificant deal. they have put westinghouse into chapter 11 bankruptcy in the u.s.. they are trying to sell that business.ess -- chip shery: we have heard of significant interest about the chip business coming from overseas. how is that going on? reporter: there is an auction process going on right now with bits from all sorts of different parties. toshiba and the japanese government would like to sell the business to a local company of possible. they have not been able to get local companies interested because of capital shortages and strategic issues. instead, they have gotten dates from foreign bidders that have been very aggressive. of $27ng a high bid billion. a korean company is also interested. broadcom has also submitted a bid. there are a few witnesses outside of japan that are interested. we could see other companies come into the mix. ramy: there are also political hurdles here. talk about what is trying to keep the company within japanese hands? reporter: betty: -- reporter

latest financial results raise the possibility that toshiba's shares could be taken off the tokyo stock exchangee injured, when a lorry ploughed into a crowded shopping street. the lawyer for rakhmat akilov, a 39—year—old uzbek, told a court hearing in stockholm that his client ‘confesses to a terrorist crime and accepts his detention'. earlier on i spoke to our correspondent dan johnson who attended the hearing. the hearing lasted for quite awhile, but most of it did not happen in public. we saw temp one being brought into court from the police station just across the road. he was wearing a green polo shirt, trousers and had a green blanket over his head. he had a heavy, fixed set of ha ndcuffs head. he had a heavy, fixed set of handcuffs on that for unlock when he sat down. thejudge handcuffs on that for unlock when he sat down. the judge told him to remove the blanket from his head so she could address them. we could see that he had short, she had grey hair. his lawyer told the judge straightaway that his cloud confessed to committing the terror attack in stockholm on friday, essentially hija

toshiba‘s troubles continue — the japanese giant faces the prospect of being delisted from the tokyo stock exchange

to saudi arabia with the ceo of the london stock exchange to try to get a piece of the action says a lot. we've had overtures from stock , singapore andia tokyoing a raft of incentives. the consensus seems to be we will get a mix of listings across various stock exchanges. on the investor side, much is going to depend on the valuation. we heard the $2 trillion number over and over. some analysis saying it might come in lower but we did have a big clue this week in the form ofsaudi aramco's first sale bonds. they sold $3 billion worth of bonds. of thes you some idea sheer size of investor demand for aramco at the moment. ust: tracy alloway joining on what is likely to be the biggest ipo in history. you can watch the show using tv on your terminal as well as the video streams and follow our charts and functions and reach out to the shows directly. there is a blue link at the bottom of the screen. contribute to the conversation and we will throw them out to our guest. coming up, thank to the future. a return to glass-steagall, could this be the beginning of the end of the one-stop shop financial beast of wall street? this is bloomberg. ♪ matt: w

stock exchange. thank you. meet,an, central bankers but they could give hints on their next steps. fromeen hays joins us now tokyoin tokyo, let's start off with the boj. we got a hand last week when governor kuroda said very strong accommodation moving forward for the boj. as strong as it has been, not any stronger. the boj is not buying more bonds are making its negative rates more negative, but it will sustain that because it needs to give inflation time to pick up and grow. expected,licy change one of the reasons there is more focused on this meeting just because it issues a monetary policy report, so everyone once to get the logic of the arguments. are goingsay they full speed ahead on being patient, and standing still. let's take a look at the main points on their list. they're saying don't expect any changes in forecast for inflation or gdp coming even some thought they could shave that inflation forecast a bit. exports, industrial production, ,obs aiding the reflation fight the reflation rate up towards 2%, but still far away from it. of the peterson institute says the boj governor kuroda's job is getting

the president of to shiva is fighting to prevent his company from being delisted from the tokyo stock exchange. >> according to the rules of listing, if the tokyo stock exchange decides to do list the company, it is obvious that it thinks it will threaten the stability of the market. if it's not delisted immediately. so we would like to make our utmost effort to avoid delisting. >> to shiva's share price rose 87% during 2016 but the gains were almost entirely wiped out by the end of the year. multibillion dollar write-down triggered one of the worst ever share declines for a major japanese company. the taiwan-based tech firm foxconn has termed to shiva a potential lifeline, by offering billions for the chips business, but the sale would have to be approved japanese regulators. kate: some of the other business headlines, a european telecom company has filed papers to begin trading shares of its u.s. branch on wall street. another $1raise billion. french billionaire has been expanding his region recent years. apples main parts suppliers has filed a counter suit against it in u.s. court saying th