Browse content similar to 18/12/2013. Check below for episodes and series from the same categories and more!
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constructions lifted on them on January one. -- claiming benefits. | :00:00. | :00:00. | |
Time for Asia Business Report. Under pressure. Qantas executives | :00:00. | :00:23. | |
face questions from unions over proposed job cuts. How one of the | :00:24. | :00:27. | |
world's most motorcycle brands as muscling in on the Asian market. We | :00:28. | :00:41. | |
start off in Australia with its national flight carrier in financial | :00:42. | :00:45. | |
dire straits. Qantas is set to meet unions today as it moves to slash | :00:46. | :00:49. | |
1000 jobs and cut cost Essendon. Job reductions were announced as they | :00:50. | :00:55. | |
issued a surprise profit warning for six months to December. Shares | :00:56. | :01:00. | |
remain weak and its credit rating was slashed by ratings agency | :01:01. | :01:06. | |
Standard Poor's. They think the big thing on the | :01:07. | :01:10. | |
uneven playing field is that they have been pushing the government to | :01:11. | :01:15. | |
lift restrictions. They have a lot peculiar to them that allows them to | :01:16. | :01:19. | |
have only 49% foreign ownership. Virgin Australia doesn't have this. | :01:20. | :01:23. | |
It as foreign capital. They need to be changes. It is an old carrier | :01:24. | :01:29. | |
with legacy cost Essendon. It needs to bring them down. Do you think the | :01:30. | :01:32. | |
government will accept foreign ownership for Qantas? It seems the | :01:33. | :01:37. | |
government is indicating that are opening to dropping these rules. It | :01:38. | :01:41. | |
will take time. It is not like they will be able to access the money as | :01:42. | :01:46. | |
soon as possible. And they have already basically stepped in, and | :01:47. | :01:49. | |
Brett is said and what pumping new investment into Qantas editors | :01:50. | :01:56. | |
lifted. -- Emirates said. Yes, if the cap is lifted, we don't know. | :01:57. | :02:01. | |
What is the future for Qantas right now? There is competition from | :02:02. | :02:09. | |
Virgin Australia. As they go through these painful times, it is going to | :02:10. | :02:13. | |
get better later on. In the short term they are hurting. They are | :02:14. | :02:16. | |
saying that the yields of airfares are down. Virgin's of growing. It is | :02:17. | :02:21. | |
interesting. I think what this is going to have to abandon the idea | :02:22. | :02:25. | |
that they control two thirds of the Australian market and neither verge | :02:26. | :02:28. | |
of the last third. Soon the need to be an mean organisation for further | :02:29. | :02:34. | |
cuts down the road. It is probably possible. There will be job cuts, | :02:35. | :02:38. | |
restructuring, which will lead to more pain and be unpopular but is | :02:39. | :02:45. | |
what they need to do to survive. Tony Abbott announces plans for a US | :02:46. | :02:52. | |
fund to help create jobs in the states affected by the closure of | :02:53. | :02:59. | |
local manufacturing facilities in 2017. Victorian and South last and | :03:00. | :03:07. | |
are expected to contribute. -- Victoria and South Australia. The | :03:08. | :03:12. | |
trade deficit in Japan has expanded from one year ago and soaring power | :03:13. | :03:19. | |
bills caused by it Fukushima crisis have contributed. A deficit last | :03:20. | :03:23. | |
month. It is a 17th straight month of deficit. Exports rising 18% off | :03:24. | :03:29. | |
the back of strong shipments but imports soared 21% with hefty bills | :03:30. | :03:35. | |
for oil and gas purchases. The Central Bank is expected to increase | :03:36. | :03:40. | |
interest rates following a sharp rise in inflation. Surging vegetable | :03:41. | :03:45. | |
prices push India's man and inflation to a 14 month high in | :03:46. | :03:48. | |
November, reinforcing expectations and will raise the cost of borrowing | :03:49. | :03:53. | |
despite India's stalling growth. Will they or won't they question on | :03:54. | :03:57. | |
the heads of the US Central Bank, will be announced are winding down | :03:58. | :04:02. | |
of quantitative easing? They have in buying $85 billion in bonds every | :04:03. | :04:05. | |
month to keep down the long-term borrowing cost us in. The flood of | :04:06. | :04:12. | |
cheap mud in from America plus a Central Bank was meant to lower | :04:13. | :04:15. | |
borrowing costs and boost the US economy. Is the job done? In the | :04:16. | :04:21. | |
junior as in much of America, there is a sense of optimism. -- in | :04:22. | :04:31. | |
Virginia. Here, they have another reason to feel good. The inventories | :04:32. | :04:36. | |
is running low. It is great. Sales are up. People like our product. | :04:37. | :04:42. | |
Divided people like the product then we will keep selling it and we will | :04:43. | :04:47. | |
keep hiring people to make it. This week he took on another employee and | :04:48. | :04:52. | |
plans to add more in January. Hiring its businesses like this one has | :04:53. | :04:57. | |
helped push down the nation's unemployment rate to 7%. Is it time | :04:58. | :05:01. | |
for America's Central Bank to start turning off the stimulus taps? One | :05:02. | :05:06. | |
reason it may hold fires that the economy is still not back normal. | :05:07. | :05:11. | |
The economy is on the Synod back to where anybody would want it. We have | :05:12. | :05:17. | |
7% unemployment and we have a very low labour force participation. The | :05:18. | :05:21. | |
reason that unemployment has come back as well as it has is very | :05:22. | :05:28. | |
heavily because of the people dropping out of the labour force. | :05:29. | :05:34. | |
Economic challenge is not new. Past and present chair of the Federal | :05:35. | :05:38. | |
Reserve are here to mark the 100th anniversary. Those inside this | :05:39. | :05:45. | |
balding, the American Central Bank had indicated they are moving | :05:46. | :05:50. | |
towards building down their stimulus measures. Whether or not the process | :05:51. | :05:54. | |
begins at this Wednesday, it will fall into the next federal | :05:55. | :05:58. | |
chairman, Janet Yellen to finish the job. | :05:59. | :06:05. | |
What have people been searching for on the Internet this year. Google | :06:06. | :06:16. | |
releases results. 'Gangnam Style' was globally the most popular search | :06:17. | :06:17. | |
term and 2012. Psy was hugely popular in South | :06:18. | :06:38. | |
Korea and Thailand and North Korea. This is an indication that Psy is | :06:39. | :06:45. | |
here to stay. It seems like in India and Thailand, the trend seems to be | :06:46. | :06:51. | |
more driven to the domestic market. Yes, in India Bollywood and cricket | :06:52. | :06:57. | |
squad really high. In Thailand it is all but pop songs. It goes to show | :06:58. | :07:04. | |
what the cultural unifies. In India enters about movies and hard it is | :07:05. | :07:09. | |
about comedy and song. What were some of the unexpected trend from | :07:10. | :07:16. | |
this year? We have seen a lot of natural disasters. There was Hayes | :07:17. | :07:27. | |
in Singapore, tycoons in Japan. -- haze. People turn to the Internet as | :07:28. | :07:34. | |
a first responder for information at the crisis at hand. In the | :07:35. | :07:37. | |
Philippines, you will remember that there was 80 boxer who had his fight | :07:38. | :07:46. | |
after the typhoon. Leyte was the strongest hit by the typhoon and had | :07:47. | :07:51. | |
big search results for his match. People were turning to find out | :07:52. | :07:54. | |
information about their favourite boxer, their hometown hero. Tired of | :07:55. | :08:02. | |
traffic and high fuel prices, for many people this is the reason they | :08:03. | :08:05. | |
opt to own a motorcycle instead of a car. China, and India are big for | :08:06. | :08:17. | |
motorcycles. Motorcycles are everywhere in Asia. They are usually | :08:18. | :08:22. | |
Japanese, Korean, or Chinese brands. Typically, they are cheap and small. | :08:23. | :08:27. | |
Now, another name wants to muscle in on the market. Harley-Davidson. It | :08:28. | :08:35. | |
is not a bikie would we through traffic on and is traditionally | :08:36. | :08:37. | |
focused on its home market in the US. It has been expanding. The | :08:38. | :08:44. | |
iconic brand now is passed 40% of its sales coming from international | :08:45. | :08:49. | |
markets next year. Billed is the great-grandson of the founder of the | :08:50. | :08:53. | |
company. Uses global recession changed strategy. The great thing | :08:54. | :09:00. | |
about being global as it allows us the opportunity to be flexible. We | :09:01. | :09:05. | |
know that the world economy is not always going to be a consistent | :09:06. | :09:11. | |
pinnacle. There are going to be ups and downs. Hopefully Harley-Davidson | :09:12. | :09:16. | |
can lean on the upwards side of that and continue to grow. | :09:17. | :09:18. | |
Harley-Davidson has more customers in its hometown of Milwaukee than it | :09:19. | :09:22. | |
does in all of China. Why is that the Tesco, Milwaukee is the | :09:23. | :09:30. | |
birthplace. -- why is that the case was ? We have a strategy to grow the | :09:31. | :09:42. | |
brand in China. We are tracking through that strategy. Chinese | :09:43. | :09:48. | |
authorities have put restrictions on two wheeled vehicles and quite a few | :09:49. | :09:53. | |
of their cities. Is it a concern? Not really. We have faced this | :09:54. | :09:58. | |
elsewhere. Japan is a good example. We used to not be able to ride two | :09:59. | :10:03. | |
wheeled heavyweight motorcycles in any of their freeways or interstate | :10:04. | :10:06. | |
systems. Now you can because of our government affairs people waiting in | :10:07. | :10:11. | |
and developing policies along with the Japanese government to allow | :10:12. | :10:17. | |
this. Harley-Davidson has had a famous writers like Elvis Risley, | :10:18. | :10:24. | |
Ireland Schwarzenegger, and even a Pope. -- Arnold. | :10:25. | :10:34. | |
Here is a quick look at the market. Asian share prices are moving | :10:35. | :10:41. | |
higher. On Wednesday investors are waiting to hear whether the bank | :10:42. | :10:44. | |
will again winding down the stimulus campaign, and major driver. | :10:45. | :10:55. | |
Thank you for your time. Goodbye for now. | :10:56. | :11:15. | |
Welcome to BBC News. Let's have a look at the headlines. British | :11:16. | :11:22. | |
government Minister says man crew died in detention in Syria was | :11:23. | :11:27. | |
murdered by the Syrian regime. In Italy, secretly | :11:28. | :11:28. |