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will be in the Britain. ``in Britain. The biggest cutbacks will | :00:00. | :00:00. | |
be in the investment banking division. Shares in the bank rose | :00:00. | :00:00. | |
after the announcement. Now on BBC News all the latest | :00:00. | :00:18. | |
business news live from Singapore. Investor confidence stakes are hit | :00:19. | :00:30. | |
with Vietnam, tough times for aviation. What do regional airlines | :00:31. | :00:33. | |
need to do to maintain profitability? Investor confidence | :00:34. | :00:39. | |
gets hit in Vietnam due to heightened tensions with China. | :00:40. | :00:42. | |
Thanks for watching Asia Business Report, I'm Rico Hizon. Stocks in | :00:43. | :00:54. | |
Vietnam have fallen by 6% on Thursday, following a clash between | :00:55. | :01:00. | |
two ships, it has turned the country 's benchmark index into the world 's | :01:01. | :01:04. | |
worst performer. Now, we are speaking with the publisher of a | :01:05. | :01:12. | |
report. He is well`known for it his investments in emerging markets. | :01:13. | :01:15. | |
Mark, thank you for joining us on the programme. You concerned about | :01:16. | :01:18. | |
this conflict between the Chinese and the bigamy is? `` are you | :01:19. | :01:28. | |
concerned? ``Vietnamese. The Western world seems to believe that we live | :01:29. | :01:36. | |
in the 19th century, when Western powers could barely China and other | :01:37. | :01:40. | |
Asian countries. Then, about two years ago, Hillary Clinton declared | :01:41. | :01:51. | |
the pivot to Asia `` bully. That of course, Chinese decoration, China is | :01:52. | :02:02. | |
reacting in the way that Russia react to Ukraine. Should the | :02:03. | :02:07. | |
countries that are meeting now work as one and stand up to the Chinese? | :02:08. | :02:15. | |
Basically, in my view, since you live in Asia, in Asia, we can | :02:16. | :02:22. | |
negotiate and compromise. The increased American military presence | :02:23. | :02:31. | |
in Asia is a sign of aggression for the Chinese, because Asia basically | :02:32. | :02:38. | |
has become China centric, all of the countries in Asia depend on trade | :02:39. | :02:46. | |
more. On trading more with China than the US. So other Southeast | :02:47. | :02:53. | |
nations have a tricky balance. It is a major trading partner of the | :02:54. | :03:00. | |
Southeast Asian economies. But you also have the Philippines involved, | :03:01. | :03:05. | |
could this have an impact on Southeast Asian economies? Yes, I | :03:06. | :03:09. | |
have been writing about this for a long time, instead of being glued on | :03:10. | :03:21. | |
what has been said, it will be more productive for investors to consider | :03:22. | :03:33. | |
the geopolitical risks. In Cambodia, and in Thailand, they are | :03:34. | :03:44. | |
potentially great economies, but the geopolitical issues are going to | :03:45. | :03:50. | |
have an impact on the asset market. This geopolitical conflict, in the | :03:51. | :03:53. | |
South China Sea, and the claimants to these territories, can they | :03:54. | :03:57. | |
resolve their issues? So that we can move forward and all of the | :03:58. | :04:01. | |
countries here in the region can grow? For China, the access to | :04:02. | :04:11. | |
resources, like oil from the Middle East, that is vital. They need those | :04:12. | :04:16. | |
shipping lanes to be guaranteed. They cannot rely on the US to | :04:17. | :04:20. | |
guarantee shipping lanes, they had to do it themselves. Over time, | :04:21. | :04:29. | |
tensions will increase. Thank you for your insights. In other business | :04:30. | :04:37. | |
news making headlines, a $35 billion merger between two advertising | :04:38. | :04:39. | |
companies has been called off. According to industry sources, the | :04:40. | :04:46. | |
companies could not agree on terms, including who would be the chief | :04:47. | :04:53. | |
financial officer. The merger would have seen the combined unit overtake | :04:54. | :04:57. | |
WPP as the world 's largest advertising company. It included a | :04:58. | :05:09. | |
joint structure for a new company called Publicis Omnicom group. Apple | :05:10. | :05:16. | |
is looking to buy a smaller company, according to various media outlets, | :05:17. | :05:22. | |
if the deal pushes through, it will be the largest acquisition ever. | :05:23. | :05:45. | |
They also run a streaming music service and it is a collaboration | :05:46. | :05:59. | |
between Jimmy Irvine and Doctor Dre. Malaysia 's flight carrier is | :06:00. | :06:04. | |
expected to sink deeper, into the red, when reports are due at the end | :06:05. | :06:09. | |
of the month. The USA could have to pay `` the airline could have to pay | :06:10. | :06:17. | |
millions of dollars in compensation to the families of those of the | :06:18. | :06:28. | |
missing flight MH 317. The protests are a major factor, in the first | :06:29. | :06:33. | |
quarter, traffic from China and Japan and Korea have dropped by over | :06:34. | :06:39. | |
25%. I would not say it is bad management exactly. Many of the | :06:40. | :06:43. | |
national carriers in Indonesia, and the Philippines, they are also | :06:44. | :06:47. | |
struggling in this very competitive environment at the moment. What | :06:48. | :06:51. | |
about Malaysia Airlines? They have gone through so much over the past | :06:52. | :06:56. | |
year. Is it being run by bad management? Malaysia Airlines is | :06:57. | :07:01. | |
more a tale of two halves. Malaysia Airlines has some of the highest | :07:02. | :07:11. | |
traffic growth, at 29%. They have benefited with their own revenue | :07:12. | :07:14. | |
growth. `` Malaysia has some of the highest traffic growth. There has | :07:15. | :07:21. | |
been tight price competition from carriers in Malaysia. They have | :07:22. | :07:27. | |
struggled to make a profit. It could be taken over? Malaysia Airlines is | :07:28. | :07:31. | |
the national carrier, and they employ thousands of people. There is | :07:32. | :07:39. | |
an issue `` if there is a private issue, it will not be taken over. | :07:40. | :07:44. | |
With the profits, compared to Southeast Asian peers, what keeps it | :07:45. | :07:52. | |
competitive and profitable? It is a brand in a major transit location, | :07:53. | :07:57. | |
for passengers going to the west and east and Australia. It is famous for | :07:58. | :08:01. | |
being one of the best run carriers in the world. There is an unusual | :08:02. | :08:06. | |
multipronged approach to their building model. It has cargo, long | :08:07. | :08:14. | |
haul, premium services, low costs in the regional sense and in the long | :08:15. | :08:23. | |
haul sense. It tries to cover all bases. Monday covers the final day | :08:24. | :08:26. | |
of voting in India's general election, there is a business | :08:27. | :08:32. | |
sentiment in a country that has seen a slowdown in growth over the years. | :08:33. | :08:37. | |
Our correspondent met with the central bank governor, and asked if | :08:38. | :08:40. | |
the business of armoured could become stable if a new | :08:41. | :08:44. | |
administration accepts early economic policies. People talk about | :08:45. | :08:49. | |
it, a lock like this. What are the differences between one government | :08:50. | :08:52. | |
and another? If you take another perspective, and compare the | :08:53. | :08:58. | |
governments, there has never been a very sharp shift in policies or in | :08:59. | :09:04. | |
policy ideology. I do not believe that it matters with the government | :09:05. | :09:07. | |
coming into office, that would mean a big shift in policy. Certainly not | :09:08. | :09:12. | |
in the short term. There is anticipation about a new government | :09:13. | :09:16. | |
coming into office in Delhi. And kickstarting the economy. We have to | :09:17. | :09:24. | |
remember, that India, as a country, there is only so much that Delhi can | :09:25. | :09:30. | |
do. A lot has to be done at a national level, including the state | :09:31. | :09:34. | |
level. No matter who becomes the Prime Minister, it is not only doing | :09:35. | :09:39. | |
the right things, in Delhi, it has to do all of the right things done | :09:40. | :09:52. | |
below and above the state level. Let's have a quick look at the | :09:53. | :09:57. | |
markets. We are seeing mixed reactions in Asian stocks. This is | :09:58. | :10:03. | |
after Wall Street finished in negative territory overnight after | :10:04. | :10:08. | |
gaining headway on Thursday after better`than`expected results. | :10:09. | :10:15. | |
Marginal gains for Hong Kong, Japan, and South Korea, they are all | :10:16. | :10:22. | |
in positive territory at this time. There are losses in the energy and | :10:23. | :10:26. | |
utilities sectors. Have a good weekend, thank you for your time, | :10:27. | :10:39. | |
goodbye for now. The top stories this | :10:40. | :10:40. |