i'm vonnie quinn. this is bloomberg. haidi: still had, more on the g20 finance meeting in india wrapping up without a traditional consensus statement. a boomerang survey suggesting the chances of recession and i'll show you have gone up while the outlook for the u.s. economy is improving. more on the risks of a downturn, next. this is bloomberg. ♪ ♪♪ what will you do? will you make something better? create something new? our dell technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you. the first time you connected your website and your store was also the first time you realized... we can do anything. cheesecake cookies? [together] the chookie! manage all your sales from one place with a partner that always puts you first. godaddy. tools and support for every small business first. shery: you are watching daybreak us truly a. taking a look at the week ahead -- on monday, china's plenum continues as weak countdown to the nationals -- national people's congress. it's the

vonnie: the u.s. treasury secretary says washington will support ukraine's economy for as long as it takes against russia's invasion. yellen said usaid will help sustain public services and praised the ukrainian government's efforts to fight corruption and make sure foreign funds are used responsibly. hong kong may scrap its mask mandate as early as march. both indoor and outdoor masking requirements may be removed at the same time. face coverings may still be needed at most places, including hospitals. it has lingered as the city tries to portray itself as open for business. elon musk has regained his position as the world richest person. his wealth has been buoyed by a nearly 70% surgeon tesla stock price this year. tesla shares rose 5.5% monday, taking musk's net worth to about $187 billion. global news powered by more than 2700 journalists in more than 120 countries. i'm vonnie quinn. this is bloomberg. haidi: as china opens, we will highlight key issues to watch for. but first, the association of

now let's get vonnie quinn.nie: president biden's top economic adviser will step down later this month. he helped craft much of the president's economic legislation in the first two years of office. president biden has not yet named a successor but candidates include the fed vice chair. an x out activist says he expects that people -- to stay there long term. he told us he expects to leave the city two years into the program and is urging -- >> we need support for the things that are going to count to china's narrative. the preservation of our culture, identity, efficacy is crucial when it comes to whether we can have thriving in a community. vonnie: hong kong has revealed details of its plan to hand out air tickets to lord visitors. -- lou are visitors. the giveaway will begin at the start of march and last six months. hong kong had 600,000 visitors last year compared to 56 million before the pandemic. u.s. regulators are said to have asked hedge funds to look into the use of whatsapp and other social platforms

i am vonnie quinn. this is bloomberg.di: the u.s. says the chinese balloon shot down last weekend was capable of collecting communication signals and was part of a worldwide intelligence-gathering effort. john, what was this report that was presented to lawmakers, and what did we discover about this chinese balloon that has captivated the attention of the world? john: what we discovered is that u.s. officials are saying that this balloon had the ability to collect electronic communications as it was flying through the air, and also to geo-identify them, to know where those communications are coming from. in addition to that, we are hearing about the u.s. have identified a chinese company that was providing manufacturing berlin's for the chinese military and that there are likely sanctions coming. also that there were some components of the balloon that had english writing on them so potentially were produced by a western company, so again, probably some limitations coming on those components if there were any eventually d

i vonnie quinn. this is bloomberg. -- i am vonnie quinn. this is bloomberg.ry: we are closely watching the nomination of the new bank of japan governor by a prime minister fumio kishida, widely expected to name ueda as his pick. nobody sure what kind of policy path he will pursue. kathleen hays is here and really, investors scrambling to get an idea of what he will do with the out-of-print book selling for almost $300 right now. kathleen: yes, that's true. he has written so little recently and that is why everyone -- excuse me, share a. everyone is saying he's taking over from haruhiko kuroda. this is significant. 10 years of the most stimulative policy they have ever seen. is he going to be able to march away from that? how much will he have to start and follow it? we don't know and this is the big question. too bad those books are selling for $200 a copy but we do know that back in 2000, he voted against the rate hike that year. this is very significant because there were only two members of the board that did not vote for it. everyone else did. it turned o

this is bloomberg. ♪ vonnie: you are watching daybreak australia. i'm vonnie quinn.fter north korea's intercontinental missile ballistic test, the u.s. bomber is escorted by fighter jets as tokyo took part in a separate exercise. pyongyang issued warnings after its missile landed in waters within japan's exclusive economic zone on saturday. according to some reports, sri lanka's upcoming local elections are likely to be postponed due to a lack of funds. a colombo newspaper says the election commission will seek a delay for the top court, setting difficulties around printing ballots and lack of fuel for shipping. earlier this month, the cabinet spokesman says cash flow issues may affect local elections scheduled for march 9. public support for japanese prime minister fumio kishida has edged down after a former aide made discriminatory remarks regarding the lgbtq community this month. and opinion poll shows his cabinet approving rating fell by one percentage point from the previous month to 26%. he's fired the aid and apologized for the remarks. the number of people pa

let's get to first word news with vonnie quinn in new york. vonnie: thank you. madani says the decision to withdraw will not have an impact on existing operations and future plans. he has addressed investors in a video message saying the company's fundamentals are strong and the balance sheet is healthy. adani's comments follow a sudden decision to fold the police subscribed to $.4 billion a share offer. >> the fundamentals are very strong. our balance sheet is healthy. assets are robust. our cash flows and deliverables have been very strong. one of the markets most stable. we have a capital market strategy. vonnie: the imf says australia will dodge recession as economic growth is going to be cut in half. it is because of rising interest rates and weakening expansion based on gdp. it is expected to expand 1.6 percent of year down from october forecast of 1.9%. the u.k. has been hit by its biggest day of strikes in more than a decade. as many as 475,000 union members stopped work closing or disrupting schools and crippling the nation's rail network. they're looki

let's get to vonnie quinn.e: president biden says he plans to speak with xi jinping over the downing of an alleged chinese spy balloon. he says intelligence agencies don't have -- evidence that three other objects shot down were surveillance craft. he also vowed to manage competition with china. >> as i have said since the beginning, we seek competition not conflict with china. we are not looking for a new cold war. but i make no apologies in we will compete. vonnie: china is imposing fines and sanctions against lockheed martin and raytheon over weapon sales. the move is the latest sign of escalating tensions between the world's two largest economies. talk of bigger rate hikes in the u.s. saw the saw stocks sink. federal officials both signaled they would be open to a 50 basis point increase. the warnings come after u.s. producer prices rebounded in january by the most since june and jobless claims came in below expectations. one of china's most high-profile tech dealmakers has gone missing. china renaissance h

vonnie: i am vonnie quinn and this is bloomberg.the international monetary fund is urging central banks to stay the course in the fight against inflation. managing director kristalina georgieva's is optimistic when it comes to china's faster than expected reopening as russia's war in ukraine casts a shadow on the global economy. >> right now, stay the course. it's not the time to debate whether we have the right inflation target. because, that debate would swing us away from the main purpose, central banks to bring back price stability. it is important for consumers, and it is important for investors, that we return to price stability. and of course, as we make progress to see inflation, including core inflation, going in the right direction, there can be a discussion around how does the future of central bank targets look like? it's true that what we are seeing are some structural factors that are going to impact price levels. for example, moving away from cost being the only the finer of -- definer of where you place production, t

vonnie: i am vonnie quinn with the first word headlines. boj deputy has been approached to become the central banks next chief. the nikkei reports that the government and ruling coalition have discussed him succeeding governor kuroda, whose term ends in april. this could extend the boj's current easy policy. a company is shelving a plan to raise money through its first bond sale. the flexure firm was planning a january issuance but work has stopped amid attacks from short seller hindenburg. adani group is also scrubbing fundraising efforts. indian government officials have stepped in to address concerns. ministers say regulators are independent and competent enough to deal with the fallout well the securities and exchange ward says it would ensure market integrity. the rbi also give assurances banks are within limits to their exposure to the conglomerate. the g7 and eu setting a $100 per barrel price cap on russian diesel in a bid to limit moscow's revenues. the group also backs a limit of $45 for those products that sell at a discount such

let's turn to vonnie quinn.are now known to have been killed after two of the most powerful middle east earthquakes in decades hit turkiye in syria. millions without heating, gas, electricity or fuel during a freezing night with heavy snowfall. it is feared the death toll will keep rising as rescuers search the rubble. president erdogan says it is turkey's strongest disaster in a decade. atlanta fed president raphael bostic says january's jobs report could mean the central bank needs to raise interest rates. bostic told us his base case is for rates to reach 5.1 percent, in line with the median policymakers december forecast. jay powell speaks exclusively later tuesday with david rubenstein. billionaire -- adani has prepaid $1.1 billion worth of borrowings backed by stock. the says nearly payment will help release 12 million shares in adani transmission. donnie is seeking to restore confidence after a short seller attack wiped out $118 billion in market value and the flagship to scrap a share sale. india's parli

i'm vonnie quinn. this is bloomberg.hery: let's turn to bell was falling this busy day when it comes to earnings across australia. however markets looking? annabelle: an interesting start to the day. asx 200, big earnings coming out. we have the numbers before the bell. a headline, estimates rather. in terms of trading reaction, we stop declining. the company is putting more money aside to buttress from the effects of deteriorating economic output. -- commented as well. high inflation will stay. households under pressure. those numbers are pretty solid. fortescue coming in with its numbers. and they did beat the average estimate from analysts, still seeing the effects of china's reopening. the treasury and looking forward to possibly china relaxing restrictions on one export for australia. haidi: annabelle in hong kong. it still ahead, global fast food chain brands reporting profit exceeded estimates. the ceo will be joining us to break down those earnings and give us their take when it comes to china's reopening. this i

i'm vonnie quinn. this is bloomberg. haidi: still ahead a preview of earnings reports from automakers. this is bloomberg. ♪ ♪ we all have a purpose in life - a “why.” maybe it's perfecting that special place that you want to keep in the family or passing down the family business or giving back to the places that inspire you. no matter your purpose, at pnc private bank, we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? was also the first time you hit this note... ( screams in joy) save 20% with the lowest transaction fees and keep more of what you make. with a partner that always puts you first. godaddy. tools and support for every small business first. >> our next guest says australia is likely ccm of the -- likely to see -- the numbers are likely to be good. the outlook murkier? parks absolutely. we are still going through a phase where our economy is reopening. consumers balance sheet is strong, consumers are still spending. the past christma

let's turn to vonnie quinn. the head of the international energy agency says china's economy could be poised for a stronger than anticipated rebound, creating a demand for natural oil and gas. he says he expects china to deliver about half of the forecast increase in global oil demand of almost 2 million barrels a day this year. >>. >> if you see a moderate rebound of chinese economy, we expect this year about half of the growth in global oil demand will come from china only. maybe some international financial institutions say that the chinese economic demand will be much time with an expected. this would put higher upward pressure on the demand side. vonnie: bloomberg has learned gautam adani is shelving a plan to raise money through its first public bond sale after the recent market turmoil. the fund was planning a january issuance, but planning has stopped. adani group is also planning to trim capital spending. an indian government -- indian government officials stepped in to address concerns over the crisis,

this is bloomberg. ♪ vonnie: this is daybreak asia. i'm vonnie quinn with the first word headlines. is reportedly set to take down in unidentified object. according to a chinese news outlet, authorities are preparing to secure the object seen close to the city which is home to a major naval base. the base hosts nuclear attack submarines as well as china's first aircraft carrier. bloomberg has learned the u.s. has shut down a third object over lake huron. it's the latest of a series of aerial incursions over north american airspace. sources say to other objects were shut -- shot down on a friday and saturday. the white house as it is too early to characterize those objects. new zealand is stepping up preparations rate powerful cyclone forced to drag across its north island over the next you days. airlines have canceled some flights through tuesday. northland has declared a seven-day state of emergency with unplanned power outages affecting thousands of people. india is said to be discussing with other g20 members ways to develop a regulatory framework for cryptocurrencies. the financ

i'm vonnie quinn.is bloomberg. >> a latin american e-commerce giant has reported a surge in profits. the company's chief financial officer joins us. always good to have you on the show. you really had that record quarter handily beating wall street consensus. what drove the gains? >> thank you for having me on. a combination of sustained strength in volume of sales, verily rapidly growing fintech business with increasing revenues and profits coming in from credit and a new profit engine for us which is our advertising business. that despite being small in terms of its future potential, is a very high-margin revenue stream that is growing very nicely. >> the company is looking to increase investments in latin america this year. does that mean it will be larger than $10 billion for lester and how much of that will go to brazil? >> brazil is our largest market. it represents over 50% of our revenues. investments tend to come in line with that proportion more than half of our investments. we see significan

that's get to vonnie quinn.lobal atomic monitors say iran's stockpile of highly rich uranium swells to a record in the last three months. they are still trying to clarify how uranian resist was produced. an iaea report says that finding was inconsistent with enrichment rebels -- levels. a pakistani court has issued an arrest warrant for former prime minister. he skipped a hearing on charges of selling state gifts. the politician called on his supporters to keep up protests. india is bracing for a sweltering weather after already suffering it's hotter -- hottest's february. they may experience heat waves through the end of may. that could further strain india's power network. it also poses a threat to crops, which were expected to reach a record this year. sydney property prices have risen for the first time in 13 months, while the inflation battle means inflation could be short-lived. 0.3% in february, driven by high-end sales while melbourne and brisbane slipped 0.4%. they say expectations of a further rate hik

shery: let's now get to vonnie quinn. top diplomat wang yi says beijing and the european union should prepare for a meeting of their leaders to help bring bilateral changes to pre-pandemic levels. in a meeting, the two officials also discussed ukraine, with wang saying china is promoting talks for a political solution. microsoft agreed to give kyiv free access to its cloud computing platform to analyze possible russian war crimes. microsoft, apple, meta, alphabet and amazon all had a meeting over the weekend. the biden administration says tech belongs in any conversation about security. senior diplomats say international atomic monitors in iran detected a radium enriched levels just below that needed for a nuclear weapon, the second time this month they say they have detected suspicious activity. they are discussing the findings with iran and will report to its board of governors as appropriate. the new zealand cyclone damage is expected to soar into the billions. the finance minister said it may take time to get a clear

let's go to vonnie quinn for the first word headlines. vonnie: thank you.ed employee of stealing confidential chip data. the breach happen supposedly at a repository that included resources of the systems that produces world's most advanced chips. this is the second such breach linked to china in less than a year. the congressional budget office has warned the u.s. treasury is that risk of a payment default as soon as, july if lawmakers failed to raise the debt limit. it is predicting the 2023 budget deficit of just more than $1.4 trillion, 426 billion dollars worse than estimate from last may. the report will see the political battle between democrats and republicans heat up as they clash over how to approach u.s. fiscal policy. u.s. stock trades will soon be settled twice as quickly as the sec shortens the time needed to just one day. the move aims to address structural issues exposed by the mean stock mania of early 2021. sec chair gary gensler says that changes will make markets more resilient, orderly and efficient. global news 24 hours a day powered b

i am vonnie quinn and this is bloomberg. rishaad: thanks, vonnie.elated stocks in light of this, from the cfo. shares for adani group and companies and life insurance corporation, which has a sizable stake in adani group, are hitting 52-week lows on the stock exchanges monday. adani ports is pretty much unchanged. certainly, the others continued to be in the red, despite this roadshow are designed to shore up confidence. let's have a look at where india is likely to do in data terms. we have fourth-quarter gdp later. this bank will tell us what they expect economic growth to slow down. this is bloomberg. ♪ haslinda: mumbai. mumbai. two minutes away from the trading day in india. the adani roadshow has just kicked off in hong kong. annabelle droulers spoke as closely to the cfo. annabelle: we have an obligation and a duty to face people and not simply do calls, but actually reach and meet in person and answer the questions. annabelle: and the reception so far? >> the community that supports you. they are that community and we have an obligation and a

let's get over to vonnie quinn. vonnie: the two earthquakes in turkey are expected to cause the economy $84 billion, 10% of gdp according to the turkish enterprising business confederation. it based its calculations on the 1999 quake near istanbul. this month's quake has been far deadlier with almost 35,000 confirmed dead and many still missing. german chancellor olaf scholz' is party and scratched in its worst elections. support for the social democrats fell from 21% to around 90% while behind the christian democrats. the result will be seen as a blow to scholz. sources: bloomberg adani's conglomerate has scaled-down capital expenditure. we are told the target is 50% to 20% -- 15% to 20%. it scribbles to undo the damage from the hindenburg short seller report. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am vonnie quinn. this is bloomberg. shery: still ahead, the chief economist and kpmg gives us or take on the japanese

here is vonnie quinn.e holdings says it's chairman is assisting chinese authorities in an unspecified investigation. it is the first public information about his whereabouts since a week ago. his abrupt dispirited -- disappearance had scrutiny. the u.s. held talks with three asian partners on the global semi conductor supply chain. a taiwanese official says the february 16 videoconference of the group discussed an early warning system of the supply. the parties held off on discussion surrounding export controls. australian treasurer jim chalmers says he plans to deliver a responsible budget in may to avoid stoking inflation. the government intends to follow the same cautious approach taken with its first fiscal plan in october. by then, it opted to put back most of its windfall commodities into the budget. >> we cannot be complacent about the inflation challenge. just because the inflation peak is behind us rather than ahead of us, it is still the defining challenge in the global economy, in the australian

vonnie: u.s.thy says he and president biden can find common ground on the debt limit, after the meeting in the oval office. mccarthy says there was no agreement except to continue discussions. the white house says president biden also agreed to further talks to avoid a default. the ims says australia will likely dodge a recession this year even as it economic growth is set to more than half. they point to a combination of rising interest rates and a weakening global expansion. innospec's -- expects us trillions economy to be 1.6% next year. myanmar's has extended a state of emergency by another six months, taking it beyond the constitutional limit. the announcement comes as conflict continues across the country and a silent strike was held to mark two years as the civilian government was overthrown. the move was seen as ignoring -- second signaling the election will be delayed. global news 24 hours a day, on-air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more

i am vonnie quinn. this is bloomberg.i group tries to rebuild investor confidence, it is said to be slashing its revenue growth target by half and planning to spend a lot less on new projects. for more, let's bring in pr sanjai. what is the relevance of lowering aggressive expansion? is it about conserving cash? sanjai: it is all about conserving cash. he was supposed to get $10,000 closer after this infamous public offer which did not come, so there is a new packet. originally it was meant to grope 35% to 40%, -- grow 35% to 40%, and they would now be nationalizing their capex. they will be taking a review and by making this plan, but we have sources telling us that there will not be any aggressive expansion. there will be going for certain selective capex programs. rishaad: doesn't really mean that the report was right -- does it really mean that the report was right, or do they borrow to level up again and get that growth? what is the thinking? sanjai: because of this report on the kind of stock route happening, it wil

let's get the first word news with vonnie quinn in new york. vonnie: thank you.t wang yi says aging and the european union should prepare for a meeting of their leaders. wang wants to bring bilateral exchanges back to pre-pandemic levels as soon as possible. in a meeting on the sidelines at the munich security conference, leaders also met to discuss political solutions. north korea has fired two ballistic missiles on sunday. it comes less than two days after pyongyang launched a long-range missile designed to hitch the american rebound. the u.s. held aerial trails -- drills after the launch. the number of passengers moving through hong kong's airport rose thanks to the easing of covid restrictions. this makes nearly 2900% growth rates from the same time last year. the travel to and from southeast asia east asia reported the most significant increases. south korea is preparing a rapid space program following its partnership with russia. it contracted with moscow the launch a satellite into space. speaking exclusively to bloomberg, the science minister said that th

here's first word news with vonnie quinn. vonnie: officials reached out to a key democratic ally discussing filling that vacant role. chicago five -- the chicago fed president is under consideration. he says he spoke about white house officials about the vacancy but would not disclose if any names were circulating. a key china advisor president biden is said to -- the security council. special assistant to the president and the nsc senior director for china and taiwan is leaving her post next month. white house officials say her exit plans are not related to tensions over the alleged chinese spy balloon. world bank president david is stepping down early giving the buy demonstration more time to find a replacement. the lender says he believe his job by the end of june. washington has called for reforms of the world bank to reprove its ability to respond crises including by change in pandemics. global news, 24 hours a day, on air and on bloomberg quicktake, powered by 2700 journalists and analysts in more than 120 countries. ha

that's get the first word news from vonnie quinn in new york.lly now, more than 3400 people are known to have been killed after the two most powerful middle eastern earthquakes and decades it turkey and syria. dylan's of people are left without heating, gas, electricity and fuel during a freezing night. the death toll will keep rising as rescuers search the rubble of destroyed buildings. president erdogan said it's turkey strongest disaster in a century. bloomberg has learned the u.s. is preparing to slap a 200% tariff on russian aluminum as soon as this week. it will effectively and u.s. import of metal to russia. sources say washington wants to ramp up pressure on moscow as the war in ukraine approaches the second year. concerns have been raised about u.s. industries. south korea's taking steps to open its currency market to sell to foreign investors. it's part of the government's efforts to improve assets for offshore banks and security grams. qualifications such as securing a credit line and creating a one account. india's oil ministers at t

i am vonnie quinn. this is bloomberg.loud of the adani crisis, india is playing host to its first event under the g7 -- g20 presidency. what has been said about the outlook for energy and oil prices there? reporter: good morning. the global energy market is looking at two key events. the first being the price cuts on russian oil products that kicked in on february 5, and the second on china's economic recovery and the impact it will have on the crude oil market. i sat down with the executive director of the iea to talk to him about just that. >> i think we have already seen the first price cap on crude prices and we have not seen a major challenge in terms of the eligibility portfolio. in terms of the markets, we need to see an interception. what that meant is that when we look at the russian oil and export revenues one year just before the war, and the end of january this year, russian oil and gas use declined by about 30%. that is in terms of gas and oil, the revenues went down. we are seeing that measure in overcast ma

georgia i owe as well as my medicaid down in vonnie kids are special assets. what the comment was covered at embassies. pennsburg pocket mach med bidding us, let us know how this in florida from light, and that one was performing that are offended and data just renewed. but it apps no kids, they don't have kids and i on folks to synch, banish them best and cheapest way. and i said in my involve buying can involve being mom. i'm calling with commas with bob. i showed up on google. i me ah sure that got you on the home depot, kissed on the bought in arrow love in the shallow. ah, i was wondering if i can if even if it's a comic bishop on this by me i can pass the muster marked a chump. moral and a little hotter than a little hung on the bottom. oh the i i oh oh oh oh i oh oh i oh awesome. okay. hi. did you call me tom? up not sitting there. you must go. this is a go for mr. them. got it. linda again. tony, well go, jim. that galena, john, mitch collinearity. thank you much clinic, autos, mom mich, gloomy. she not our chan, medically need for our house for the wh

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i am vonnie quinn. this is bloomberg.ill ahead, the ceo tells us how they combined the private wealth management. the bank chief says it is unfair for him alone to take the blame or height rate -- for rate hikes. keep it here with us. this is bloomberg. ♪ for businesses of all sizes, there are a lot of choices when it comes to your internet and technology needs. when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security for total peace of mind. and you choose a next generation 10g network that's always improving, getting faster; more reliable; and more intelligent to keep you ready for today and tomorrow. the choice is clear: make your business future ready with the network from the most innovative company. comcast business. powering possibilities™. get help reaching your goals with j.p. morgan wealth plan, a new tool in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within

exceeded my, my punch was cocoa money market was committed to the shop i o as well as my meds as $1000.00 vonny keys or special assets. what the comment was covered at the embassy pennsburg pocket mac mit building. i thought that somehow this in for some light and i saw that one was performing that at a assemble and that just renewed it ups. no kids at the kids and i am folks assistant, banish stan bessengers grade. and i am i answered in online by carrying involved being mark commerce 1st ah ah ah ah ah ah short the you know home depot kissed on the body, arrow loving ashanna. ah, ah ah, ah, ah, oh. but you can, if you pretty lean on it, but you partners by me i can pass the master must have a chump on a little hot in the middle of hung on the bottom. ah ah ah i oh oh oh o i o loan this loan. awesome, heidi called me up not sitting there. must go. this is a go from us with him. go to italy, miguel honey, we'll go jim. that'll any good john. mitch collinearity, donkey. mitch clinic, autos, mom, mich, gallieni, she not our chairman, cleaning for our house. was keith, mitch, get a lo cause, cook

let's get over to vonnie quinn. first word headlines. >> defense official said the u.s. is increasing a small contingent of troops that train local forces in taiwan. the wall street journal reported the u.s. military presence on the island will grow to as many as 200 people from 30 a year ago. it is likely to further strain relations with china already tense over the war in ukraine, and the recent u.s. at downing of an alleged chinese spy balloon. the london metal exchange will reopen nickel trading during asian trading hours on march 20. asia trading was suspended since march of last year when the lme canceled a billion-dollar transaction as it was hit by that short squeeze. the reopening should be an important liquidity boost for a market that has struggled to recover after last year's crisis. new criminal charges against sam bankman-freid have been unsealed in new york city. the counts include commodities and securities fraud. prosecutors allege the ftx co-founder and two unidentified co-conspirators illegally so

ms. vonnie him. on the other hand, that will give them more time to focus on the european space agency competition. the earth's orbit has become a battle ground for conflicting political interests and also a new and lucrative economy. whether the various business models of the burgeoning new space sector will ultimately succeed in taking off remains written in the stars . ah, ah ah hello, and welcome to the 77 percent. in this edition, we're going to talk about love relationships. and of course, hot rate that we also wanted to find out what people to we tell them and walk me through asia should why he lets me the me and i listen. he, if he was 77 percent in 30 minutes on d. w. in a globalized world where everything is connected, all it takes is a story. to set things in motion. local hero show how their ideas can change the world. with global 3000. in 90 minutes on d w. we've got some hot tips for your bucket list in romantic corner chat. hot spot for me, and some great cultural memorials to boot in

let's get to first word news with vonnie quinn. vonnie: thank you.ays it is canceling pre-arrival pcr tests in the daily quota for travel across the hong kong border. a statement from the affairs office as the changes will take effect next monday. china will resume group tours to the cities. a 48 hour pre-arrival pcr tests is required for hong kong and macau visitors who have been overseas within seven days. the financial times says antony blinken is expected to meet presidential asian pink and beijing during his trip beginning sunday. china's foreign ministry said it hopes the u.s. will seek results rather than confrontation. the u.s. has been pressing ahead with a campaign to limit china's access to sensitive semiconductor technology. president biden's top economic adviser will step down this month. he helped to craft much of the president's economic legislation in his first two years, including pandemic relief, the bipartisan infrastructure law, and the inflation reduction act. president biden has not named a successor, but include fed chair lael

here is the first word news with vonnie quinn in new york. >> we are just getting worried, president to name later. an announcement to come as soon as tuesday. she would work alongside another high-profile former fed official. janet yellen as biden battles inflation and head of a likely reelection campaign. the fed governor says the u.s. central bank will probably have to keep raising interest rates to rein in price growth. she is warning that can slow economic expansion and affect the jobs market. economists expect core u.s. cpi data to show a 4% rise in january and 5.5% a year earlier. >> we are still far from achieving by stability. i expect he will be necessary to further tighten monetary policy. to bring down -- inflation down toward our goal. doing so will likely lead to subdued growth in economic activity and some softening in labor market conditions. questions, prices in india rose more than expected last month, reinforcing projections that the central bank will keep raising rates. government data shows inflation hit 6.52% in january. better that forecast. india's central ban