this is good news for china unicom, able to raise $12 billion for their fundraising efforts. ben?orjoining us, rico hizon. right, now it is time for the first in our new series on the business of death. we start in new york, where it costs big bucks not only to live, but also to die, in the big apple. burial plots in cemeteries are often some of the priciest pieces of real estate anywhere in the city as samira hussain finds out. deals worth dying for? not in brooklyn. in a city where land is at a premium, it may come as a surprise that even cemeteries are pricing people out. this particular cemetery still has room to grow but they are also trying to maximise the space they already have. we wanted to provide the people of brooklyn, especially, an option where they can have affordable burial, and in their own neighbourhood. but at $2400 per square metre, this is some of the priciest land anywhere in the city. it's just like buying real estate, location, location. a grave which will entomb, or bury three people, and we bury one on top of the other, can start as low as $4500 and can g

china unicom rising in the market, turning unicom shares up by 7.5% in hong kong.fter an $11.7 billion sale. some of those disappointing earnings in australia. afterst in six years earnings and a lower forecast for next year. very well up 6.5% after it tripled the dividend payment and said further payments are to come amid these higher prices. or, it shows you that china iron ore inventory is at record highs. througha rebound coming in the iron ore contract. results tomorrow, the world's largest and an analyst saying bhp is under further pressure to increase its payments to investors as well. president trump will make a primetime speech about afghanistan and south asia this evening as he looks to get his presidency back on track. the address falls the departure , steve bannon.st -- greaty, thank you to have you again. what will be the focus of trump's speech later on today, what is his strategy in delivering this speech? he wants to change the conversation. it has been a tough week. several weeks. he has been on vacation having a working vacation for 17 days. away

telco and ip stocks propping up gains, and the honk saying, china unicom -- hang seng, china unicom sharesleading gains when it comes to the asian session here. haidi: thank you for that. we get that better than expected second-quarter gdp beat. infosys on the hunt for a new ceo. the company's board is rattling its founder and shares plunging on that news. let's get analysis with our bloomberg gadfly columnist with more. what does this sudden departure of the ceo mean for investors? you have written this signifies the need for a cultural reboot. >> yes. in fact, what it does mean is a uncertaintyriod of for investors, because there is that $2 billion buyback that they have just announced, but i don't think it will have much of an impact on sentiment in the infosys stock for much longer. we wereto remember that in the way looking at the fact that infosys was not making much headway with the embrace of the new digital tech knowledge ease. it was still stock and an application and maintenance mode. when its customers come the fortune 500 companies, are moving to the cloud, to social, mobile,

"unicom revamp gets mass support," as private and state sectors back a mixed ownership scheme.ut the rush to execute the plan raises problems. now to look at those stories. with us is richard griffiths, who is communications adviser at richard griffiths communications. barcelona, of course, dominating all the headlines today. we have had a second operation in cambrils since the barcelona attack. a familiar pattern over the last year with similar attacks all over europe. yeah. no one would expect to see this as front—page news this morning. as soon as this happened, eve ryo ne morning. as soon as this happened, everyone started talking about it. this, yesterday, was a global news event. this is an evolving situation. spanish police have fooled another attack further down the coast in cambrils. on the front page of el pais this morning, they are talking about the intelligence, saying they are linking the attack in cambrils with barcelona yesterday. the key point is that they got warning something terrible was going to happen somewhere in spain. spain has not seen an attack of thi

"unicom revamp gets mass support," as private and state sectors back a mixed ownership scheme.

china's unicom says it will suspend trading until further notice, after the state owned communications roughly 12 william dollars from about a dozen investors, including aliba ba william dollars from about a dozen investors, including alibaba and 10 cents holdings —— billion. this is pa rt cents holdings —— billion. this is part of the mixed ownership strategy that encourages state entitlements to ta ke that encourages state entitlements to take on private capital. a chinese bicycle sharing company is expanding into the us. it is applying 1000 bicycles to seattle this month as part of a pilot programme that will increase in september. like sharing has been growing in countries, including singapore. —— like sharing. just below this building i see a lot of these bicycle sharing opportunities and you need an app to use them? these start—ups have expanded super aggressively across the globe, including in singapore. this is one of the two biggest and so what we do is you take your mobile app and you unlock the bicycle and then you can write it anywhere you want and park it pretty much anywh

also, china unicom to resume trading along with ayala-ayala buying intoothers china unicom's reform plan on the radar, so it could be a busy monday in asia. like it. thank you. now to first word news. double line total return fund has taken on the wall street journal about story on shrinking assets under management. he tweeted, somewhat surprised wsj ran a story so pointless, so illogical, so poorly written, -- not done significantly -- not that it matters significantly inaccurate. we have the names of 12 members it the islamic extremist group that planned the bigger outrage, but three people remain unaccounted for. the gang plan three trucks with explosives and blowing them up in barcelona. more of will lay out its brexit position, hoping to persuade brussels to move away from divorce talks and on to future relationships. london will publish papers on data protection and judicial cooperation before talks can move to trade. the eu must be convinced that progress has been made on residency rights, the bill, and the border with ireland. oneiranian president parliament's backing for all but

china's unicom says it will continue to suspend trading until further notice.—owned communications group announced it's trying to raise roughly $12 billion from about a dozen investors, including alibaba and tencent holdings. plenty of business stories updated throughout the day on our website. right now, kit kat accused of atari copyright infringement. nestle has been accused of using the look and feel of a classic atari game without permission in order to promote its kit kat chocolate bars. you can read all about that on the businesslike page, perhaps when you're having a break! 0h, ben! away from chocolate business to something more serious. now to christine hah in singapore, where chinese personal computer maker lenovo was one of the worst performers on hong kong's hang seng on friday. christine, what is going on? just to show you how big a shock it was brenda esters, analysts are expecting around the $5 million and instead lenovo came back with a $72 million loss, its first quarterly loss... business of a quarter until june, enormous two years. this used t

china-unicom. of thek in europe, some bigger players, deutsche, telecom, we like both those names.ark: basic resources. it has been a lean couple of years. we're witnessing a pickup. what they are saying about dividends but the implementation and a stock price as well. >> particularly metals. mining metals, the fixed payout ratios. we don't know where the price is going but we are also fixed to shareholders a percentage of the profitability coming back. you have a bit of certainty for investors. we see much higher metal prices coming through. sharp increases. that could ebb and flow over the next three years. mark: what about asia? >> there was a good year last year so normalizing a bit. malaysia was quite good, smaller asian countries were good. china, a little bit of a slowdown but coming into financials, utilities. it wasn't too bad. mark: you're looking good for the rest of the year because you raised your 2017 forecasts as well? why? >> it surprised us. we thought this year would be better than last year. u.s. companies held back payments depending on election results. that is

china unicom is scheduled to report, but it has suspended trading in hong kong pending an insight announcementave geely up. for the homes income you have in terms of what is -- we hung saying, you have a mixed bag. let's refresh that quickly. auto movingy slightly. let's look at what is going on this country. the profit fell 60%. the company says intensifying competition in china and sluggish corian vehicle market korean market is to blame. asian markets very much looking next. chinese stocks open lower after a two-day race. csi falling a second straight day. currency is under pressure as the dollar gains for a third day. down tothe yuan sliding the sixth spot. thank you so much. let's have a look at what is going on when it comes to the first word news headlines. is lifting -- its growth forecast for china, despite that it would come at writing debt. the expanded a rising at 6.4% annually this year through 2020, compared to a 6% estimate a year ago. household and government debt will rise to almost 300% of gdp by 2022, from 24 2% last year. the assets of the government are very strong. while

the wall street journal says china unicom has withdrew a plan with the shanghai stock exchange becauseach amended security roles. the report cites the proposed number of sales per share exceeded the limit introduced in february. the plans on the $11.7 billion announced wednesday. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am haslinda amin. this is bloomberg. >> i am sophie kamaruddin with a check on the markets. asian stocks taking a hit today. the aussie dollar higher by 1/10 of 1%. independent strategist telling us equities are going to be the fall guy in his environment. hedge with gold and your. falling to a one-week low, down one third of 1%. even though the dollar is set for a third day of losses. the dollar declined against the yen. the current downtrend we have seen for the dollar has been going on since early july. there might not be much in the way of the 108 handle for the dollar-yen. the peso falling for a 10th straight day. ♪ emily: this is "bloomberg technology." i am emily chang. returning to our top story