Browse content similar to 14/02/2014. Check below for episodes and series from the same categories and more!
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in from Wythenshawe and Sale East. We can tell you that labour had held | :00:00. | :00:00. | |
it but we are waiting on the news that crucial news of who came | :00:00. | :00:09. | |
second. Now on BBC News all the latest business news live from | :00:10. | :00:14. | |
Singapore. It is the final day of deals at the Singapore airshow. | :00:15. | :00:32. | |
It is no longer all about oil. Welcome to Asia Business Report. I | :00:33. | :00:35. | |
am Rico Hizon in Singapore and trade is why dig up at Singapore 's | :00:36. | :00:42. | |
biggest aviation showcase. We will find out exactly how much later | :00:43. | :00:48. | |
today. Let's have a look at the highlights so far. Airbus have | :00:49. | :00:57. | |
displayed the A350. Bowling game a bold outlook for the aviation | :00:58. | :01:03. | |
industry, forecasting its fleet will triple in 20 years. Ever recorded | :01:04. | :01:10. | |
the biggest deal for the A350 at almost $1 billion. One firm is still | :01:11. | :01:19. | |
getting attention, a state owned commercial aircraft company from | :01:20. | :01:22. | |
China. Even though it has still not made its first commercial plane. Our | :01:23. | :01:26. | |
correspondent has more. That Bigley, this plane was not | :01:27. | :01:36. | |
built by China but the Chinese Asian. | :01:37. | :01:40. | |
There is huge demand for these planes and a domestic airline within | :01:41. | :01:48. | |
the country could have its first play like this ready within years. | :01:49. | :01:56. | |
TRANSLATION: We're working on a comprehensive design and we are the | :01:57. | :02:01. | |
trial production stage. Last year we started construction. Our aim this | :02:02. | :02:05. | |
year is to reach the final assembly stage. Hopefully, the plane will | :02:06. | :02:10. | |
take its first flight in 2015. This is what the first plane will look | :02:11. | :02:17. | |
like. Tens of millions of dollars have been invested into developing | :02:18. | :02:23. | |
this plane. The company says it has 400 orders from 16 firms. The | :02:24. | :02:27. | |
interest is mainly coming from domestic airlines in China. The | :02:28. | :02:31. | |
company says it also has deals in the pipeline with firms in Singapore | :02:32. | :02:42. | |
and the US. Earlier I spoke to David Stewart from ICF International. He | :02:43. | :02:49. | |
is at the airshow today. They will pose a threat. China has long-term | :02:50. | :02:58. | |
ambition in the air space industry. Even though there have been delays | :02:59. | :03:03. | |
on that plane, they have come meted a lot to be air space industry. If | :03:04. | :03:15. | |
you put a 50 year time horizon, it will definitely be Airbus, Boeing | :03:16. | :03:25. | |
and China. Looking at past airshow is, Dubai, Paris. In Singapore, it | :03:26. | :03:35. | |
is more than $11 billion. Will that be a bit of a disappointment for | :03:36. | :03:40. | |
firms that have come here? I don't think you should measure the success | :03:41. | :03:44. | |
of airshow is purely on the number of aircraft sales. There was a nice | :03:45. | :03:50. | |
feature today that the airshow has other features. Airlines do not make | :03:51. | :03:59. | |
forecasts on -- based on their shows. You have business to business | :04:00. | :04:05. | |
going on. Businesses that are being initiated, accelerated. It is not | :04:06. | :04:15. | |
big but I think -- I have been to over 30 airshow is but this is by no | :04:16. | :04:25. | |
means the worst. Fresh official data from mainland China, while inflation | :04:26. | :04:32. | |
coming in at a steady to a half percent in January. The data | :04:33. | :04:39. | |
measures changes in the number of goods. They expect the Central Bank | :04:40. | :04:49. | |
will keep its monetary policy relatively tight this year as the | :04:50. | :04:53. | |
inflation situation is under control. Australia's biggest gold | :04:54. | :04:59. | |
miner has been hit by more prizes with the company announcing a big | :05:00. | :05:05. | |
fall in profits. The result of the six months to December fell by 36% | :05:06. | :05:11. | |
to $186 million. The report follows some problems in the minds and | :05:12. | :05:18. | |
assets in west Africa. Mobile phone companies in India have been almost | :05:19. | :05:28. | |
$10 billion for two G telecom licences. The about five exceeded | :05:29. | :05:32. | |
the government is target of about $1.8 billion. The money will be used | :05:33. | :05:37. | |
to shrink the budget deficit. The auction winners include Vodafone. | :05:38. | :05:44. | |
It is no secret that Chinese companies are investing billions of | :05:45. | :05:47. | |
dollars around the world but it is not just cash strapped companies | :05:48. | :05:53. | |
that are proving attractive. The oil rich Middle East is being viewed as | :05:54. | :05:56. | |
a good place to do business. Our reporter has been to meet the | :05:57. | :06:02. | |
Chinese business community in Dubai to find out what deals are being | :06:03. | :06:07. | |
done. This is dragon mart. It is the world | :06:08. | :06:14. | |
's biggest trading centre for Chinese products outside the country | :06:15. | :06:21. | |
itself. The oil trade between Dubai and China has been growing at a | :06:22. | :06:25. | |
startling 15%. This to a group is its biggest tenant and has been here | :06:26. | :06:29. | |
since it opened in 2004. What attracted them to the golf? | :06:30. | :06:39. | |
TRANSLATION: First of all, Dubai is very well located. It is halfway | :06:40. | :06:44. | |
from China to Europe. Another very important aspect is the government | :06:45. | :06:48. | |
in Dubai is offered as a rule policies, including zero taxes and | :06:49. | :06:53. | |
easy these assessing. Plus, people in this country are very fled Blee. | :06:54. | :06:59. | |
-- friendly. It is safe to Libya and our business is growing by 30% every | :07:00. | :07:05. | |
year. Even a dragon Market is less than a decade old, they have | :07:06. | :07:10. | |
experienced enough demand to double the overall footprint of the maul. | :07:11. | :07:15. | |
When it opens in time for the 10th anniversary this year, the overall | :07:16. | :07:21. | |
floor space will be around the area of 50 international football | :07:22. | :07:24. | |
pitches. So what is driving the demand for that space? It has played | :07:25. | :07:32. | |
a great role in the exchange of trade between the two countries. But | :07:33. | :07:40. | |
trade between the Gulf and China is much more than just good and | :07:41. | :07:45. | |
services. Around two thirds China's entire oil supply comes from the | :07:46. | :07:51. | |
Middle East. That dependency has led the IMF to suggest a slowdown in | :07:52. | :07:56. | |
Chinese economic activity could prove to have a more significant | :07:57. | :08:01. | |
impact on golf economies than the European debt crisis. Not everyone | :08:02. | :08:15. | |
is celebrating a boom time. None of these shopkeepers wanted to appear | :08:16. | :08:17. | |
on camera but it does serve as a reminder that the trade volumes are | :08:18. | :08:24. | |
growing rapidly. There is a leading chance that business could go splat. | :08:25. | :08:36. | |
The recoveries of many major economies around the world seemed to | :08:37. | :08:40. | |
be gaining pace and becoming attractive to investors. What | :08:41. | :08:42. | |
happens when people are doing better? Apparently, the drink more. | :08:43. | :08:52. | |
Our business correspondence spoke to be chief executive of Miller. If the | :08:53. | :09:04. | |
economy slowed down, beer is relatively pricey. In the emerging | :09:05. | :09:10. | |
markets, our presence is around 75%. You can see the impact of that in | :09:11. | :09:17. | |
economic slowdown. In developed markets where poor consumers can be | :09:18. | :09:21. | |
affected by a downturn, you will see in the US today, there is quite a | :09:22. | :09:28. | |
lot of pressure on the beer market. The economic recession that they | :09:29. | :09:35. | |
went through had a large impact. You can catch the rest of the interview | :09:36. | :09:44. | |
inkm/h talking Aberystwyth business on Friday. | :09:45. | :09:50. | |
Here is a quick look at the markets and most Asian equities are in | :09:51. | :09:56. | |
positive territory at this hour after US shares closed higher | :09:57. | :10:04. | |
overnight with the NASDAQ rising. Investors looked past disappointing | :10:05. | :10:07. | |
data. Hong Kong, South Korea and Australia | :10:08. | :10:23. | |
all in the past: at this hour. You can keep up-to-date with more news | :10:24. | :10:28. | |
from Asia and special reports on Twitter. | :10:29. | :10:45. | |
Belgian MPs have voted to give terminally ill children the right to | :10:46. | :10:52. | |
die, regardless of age. That takes the | :10:53. | :10:53. |