Browse content similar to 30/09/2014. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
the government. Now on BBC News, all the latest | :00:00. | :00:00. | |
business news live from Singapore. Street protest in Hong Kong rattle | :00:00. | :00:20. | |
global markets from Asia to Wall Street, stocks fall. And after the | :00:21. | :00:27. | |
primaries to India meets Fortune 500 executives in the US, we look at | :00:28. | :00:35. | |
success of his US trip so far. Thank you for joining us. I am Rico Hizon. | :00:36. | :00:43. | |
Investors are bracing for more volatility when the stock market | :00:44. | :00:46. | |
reopens at it on long in a fume minutes time. `` Hong Kong. `` | :00:47. | :00:55. | |
fewer. Protesters are defying calls to go home. We will see initial | :00:56. | :01:01. | |
numbers soon, and wait to see if the downturn continues. On Monday, the | :01:02. | :01:07. | |
benchmark index closed lower by 2% and the Hong Kong dollar fell to a | :01:08. | :01:14. | |
six`month low against the US dollar. Earlier I spoke to a media come in | :01:15. | :01:22. | |
direct about the long`term impact on the economy of Hong Kong. If the | :01:23. | :01:32. | |
protest lasts throughout this week, then there is a resolution, it will | :01:33. | :01:38. | |
be temporary. People are working, some retell shops are suffering. If | :01:39. | :01:46. | |
this lasts four a week or ten days, the damage will be content. `` | :01:47. | :01:54. | |
retail. This is all about sustainability and the growing | :01:55. | :01:56. | |
crowds in the central business shirt. Protests like this have had a | :01:57. | :02:04. | |
major impact on the tourism, such as in Bangkok. A lot of the tourists in | :02:05. | :02:12. | |
Hong Kong from mainland China. `` district. This week was the | :02:13. | :02:18. | |
holidays, that has been disrupted. There are some operators that will | :02:19. | :02:23. | |
not be too happy right now. But the broader test use, will middle`class | :02:24. | :02:28. | |
people who have come out in force, will they come out tomorrow and the | :02:29. | :02:33. | |
public holiday? Will they support the students and the activist, or | :02:34. | :02:40. | |
will it remain a 1`dimensional show of force? Apart from the issue of | :02:41. | :02:47. | |
democracy, there is a lot of unhappiness in Hong Kong over high | :02:48. | :02:53. | |
housing prices. There is also a growing income gap, and an influx of | :02:54. | :03:02. | |
mainland visitors. These are both seen as different aspects of one | :03:03. | :03:06. | |
country, two systems, not working out for a lot of people of Hong | :03:07. | :03:09. | |
Kong. That is fuelling a lot of the unrest. The issue of mainland | :03:10. | :03:17. | |
visitors, people feel they are being Democrat lead overwhelmed. `` to | :03:18. | :03:27. | |
critically. There is investment nudges from the mainland, but all | :03:28. | :03:31. | |
over the place. It is squeezing out the middle class. China's bank | :03:32. | :03:42. | |
regulator has reportedly approved the launch of two privately owned | :03:43. | :03:51. | |
commercial banks, in an attempt to increase competition in the state | :03:52. | :03:55. | |
dominated ranking industry. One of those to benefit is an affiliate of | :03:56. | :04:06. | |
Ali Baba, which has a licence to open a bank in the east. High end | :04:07. | :04:19. | |
what company Ta Heaur has lowered its profit outlook. Hong Kong | :04:20. | :04:25. | |
represents about 2% of the luxury watch sales for the coming. Italian | :04:26. | :04:33. | |
authorities are investigating executives, stemming from the ten | :04:34. | :04:39. | |
year they were bathed in a suburb. It is not the first time authorities | :04:40. | :04:45. | |
have targeted high profile brands, last year. She and got one came on | :04:46. | :04:50. | |
this could be as well. `` Luxembourg. `` i. The leaders of the | :04:51. | :05:01. | |
two largest democracies in the world are having dinner together before me | :05:02. | :05:05. | |
doing in the oval office. Primers on the red a deep will meet Barack | :05:06. | :05:19. | |
Obama. `` PM Virendra Modi. The response has been more than | :05:20. | :05:24. | |
excellent, and I think there will be a lot of results coming from | :05:25. | :05:33. | |
investment into India. PM Modi, before he left India, made an | :05:34. | :05:38. | |
announcement to create more jobs in his country. He has won the support | :05:39. | :05:43. | |
of some US businessmen but others are questioning Mr Modi's reformist | :05:44. | :05:48. | |
credentials, particularly on the issue of global trade. They are | :05:49. | :05:54. | |
saying India is playing hardball that is one aspect of it. But the | :05:55. | :06:00. | |
country is making a lot of changes. The speed of action is greater than | :06:01. | :06:10. | |
before. 27 processors have been brought down to four or five. On the | :06:11. | :06:15. | |
bigger projects he has taken personal control and brought in the | :06:16. | :06:23. | |
right people to push his agenda through where investment is | :06:24. | :06:26. | |
concerned. A lot of US businesses are complaining about India's unfair | :06:27. | :06:35. | |
trade axis, particularly raising tariffs and imposing new testing | :06:36. | :06:41. | |
requirements on medication rucks. `` to medication products. He is | :06:42. | :06:49. | |
tackling big problem, he is new in the office. He has a ready visited | :06:50. | :06:53. | |
Japan and China. This has had a significant impact on the US as. | :06:54. | :07:03. | |
There is good strategic direction by him visiting in America. This is the | :07:04. | :07:08. | |
first time an Indian leader has had overwhelming support, and President | :07:09. | :07:14. | |
of bomber cannot ignore this. `` of bomber. And there has going to be | :07:15. | :07:21. | |
some change on is a travel between the two countries? None yes he has | :07:22. | :07:26. | |
said he will try and make it easier. But new data from Japan reveals | :07:27. | :07:33. | |
household lending is falling in Japan. It represents a drop for a | :07:34. | :07:40. | |
fifth straight month since the sales tax rose in April. South Korea's | :07:41. | :07:53. | |
industrial output is down 3.8% in August, the worst monthly fall since | :07:54. | :08:06. | |
the 2008 global financial crisis. Thailand is due to reveal key | :08:07. | :08:13. | |
economic data that will probably confirm that industrial performers | :08:14. | :08:19. | |
has fallen for the 17th of month in a row. It is further proof that the | :08:20. | :08:25. | |
military gender of Thailand faces an uphill battle. `` i. | :08:26. | :08:37. | |
The economy has continued to struggle since the Thai military | :08:38. | :08:44. | |
took over in May. A further fall is predicted. Trouble in the carmaking | :08:45. | :08:51. | |
industry is helping to drive the decline, it has been selling since | :08:52. | :08:55. | |
last year following the scrapping of a state subsidy for people buying | :08:56. | :09:02. | |
new cars. Some economists had forecast that the economy may | :09:03. | :09:04. | |
improve under the military. But so far recovery is slower than | :09:05. | :09:08. | |
expected. Tourism accounts for around 10% of the Thai economy, and | :09:09. | :09:15. | |
it has taken a big hit after many months of political unrest. Across | :09:16. | :09:22. | |
the world market, there is only one country that has not grown year on | :09:23. | :09:26. | |
year. That is Thailand. Notwithstanding what I've just said, | :09:27. | :09:35. | |
by Christmas Thailand will be back where it was before. Are not | :09:36. | :09:41. | |
everyone is optimistic. Exports account for more than 60% of the GDP | :09:42. | :09:47. | |
of Thailand, but they fell 7.4% in August, the biggest percentage drop | :09:48. | :09:53. | |
since the floods of 2011. Last week the central bank abandoned the | :09:54. | :09:58. | |
forecast of 3% export growth for this you, saying that it our expects | :09:59. | :10:05. | |
no increase. A quick recap of the markets in the | :10:06. | :10:17. | |
Asia`Pacific. Hong Kong has just reopened. | :10:18. | :10:23. | |
Investor support remains weak with many buyers still on the sidelines. | :10:24. | :10:30. | |
Thank you for your time. | :10:31. | :10:39. |