Browse content similar to 14/01/2016. Check below for episodes and series from the same categories and more!
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That story is currently trending on the BBC website. | :00:00. | :00:00. | |
That's all from me now. Stay with BBC World News. | :00:00. | :00:08. | |
Police have revealed that the serial child killer, Robert Black, | :00:09. | :00:13. | |
was about to be charged with the murder of another young girl. | :00:14. | :00:17. | |
Devon and Cornwall Police say they were planning to charge him over | :00:18. | :00:20. | |
the disappearance of Genette Tate, who was 13 when she disappeared | :00:21. | :00:23. | |
Now on BBC News, all the latest business news live from Singapore. | :00:24. | :00:38. | |
Asian stock markets are falling after Wall Street posts its first | :00:39. | :00:45. | |
day -- worst day since September. Indonesia's economy slows. Well its | :00:46. | :00:56. | |
central bank provide another boost? Good morning. Glad you could join us | :00:57. | :01:02. | |
for this Thursday edition of Asia Business Report. Another sell-off | :01:03. | :01:08. | |
for the regional markets in early Thursday trading. This is because of | :01:09. | :01:13. | |
a major downturn on Wall Street overnight. Japan is down sharply, by | :01:14. | :01:24. | |
640 points. Australia is down by about 2%, more than 90 points. That | :01:25. | :01:34. | |
is after the NASDAQ index ended down nearly 3.5% and the Dow Jones | :01:35. | :01:37. | |
industrial average lost more than 2%, meaning US equities are now in | :01:38. | :01:43. | |
correction mode. All prices are down again with international benchmark | :01:44. | :01:49. | |
Brent crude falling below $30, and currently it is at $29.94 per barrel | :01:50. | :01:56. | |
in Asian trade. Last week, it was above $30. The Chinese markets and | :01:57. | :02:02. | |
the stock market have opened for trading. We can go live to our | :02:03. | :02:10. | |
correspondent. It looks like the indexes are all in the red. Yes, | :02:11. | :02:16. | |
that's correct. A real reversal from yesterday. That was relatively | :02:17. | :02:22. | |
optimistic because of better-than-expected trade data. | :02:23. | :02:28. | |
China for the month of December, finished 1% higher, but it now looks | :02:29. | :02:35. | |
like those games will be lost on the back of what we saw overnight in | :02:36. | :02:41. | |
America -- gains. That is because of those losses in the oil prices. | :02:42. | :02:50. | |
There was a report in the US from the energy Administration talking | :02:51. | :02:54. | |
about oversupply in the energy market, and that is again adding to | :02:55. | :02:57. | |
fears about the future economic growth and whether there is such low | :02:58. | :03:03. | |
demand for oil and what that means in terms of growth going forward. We | :03:04. | :03:09. | |
have been having those worries in Hong Kong and China for quite some | :03:10. | :03:15. | |
time, and it looks like those worries are being reflected in the | :03:16. | :03:20. | |
energy and oil prices. Just an update on what is transparent in the | :03:21. | :03:24. | |
China markets, the Shanghai is down by more than 3%, and the Shenzhen | :03:25. | :03:32. | |
low by 1.7%. What is currently the sentiment among economists after the | :03:33. | :03:37. | |
better-than-expected trade numbers in December in China? Can this be | :03:38. | :03:42. | |
sustained in January and the following months? I think | :03:43. | :03:46. | |
yesterday's numbers really surprised. There was a feeling there | :03:47. | :03:53. | |
was a bit of a reprieve from what seemed like an avalanche of bad | :03:54. | :03:56. | |
news. Certainly this morning the central bank of China said its | :03:57. | :04:03. | |
reference rate for the currency at 6.56%, and it has been at that rate | :04:04. | :04:06. | |
for several sessions. Chinese officials are trying to boost the | :04:07. | :04:12. | |
currency, not letting it slide further. I think we will of a sense | :04:13. | :04:18. | |
of how the economy in China is doing next week, when the GDP figures come | :04:19. | :04:29. | |
out. Thank you. Adding to all of this negative mood, you also have | :04:30. | :04:36. | |
poor data out of Japan. It's called machinery orders falling more than | :04:37. | :04:40. | |
14% in November from the previous month, which was much bigger than | :04:41. | :04:45. | |
forecast. The data is regarded as an indicator of Japan's Abdul spending | :04:46. | :04:50. | |
in the next 6-9 months, and the latest numbers show sentiment | :04:51. | :04:56. | |
remains fragile -- capitals learning. Up to 600 jobs will be cut | :04:57. | :05:09. | |
in Europe. About 14% of this workforce will be lost. A camera | :05:10. | :05:20. | |
maker is also cutting jobs, letting go of 1500 employees, or about 7% of | :05:21. | :05:25. | |
its headcount after a sharp slowdown in holiday sales GoPro also want its | :05:26. | :05:32. | |
next quarter numbers will be lower-than-expected. Shares fell. Al | :05:33. | :05:39. | |
Jazeera is pulling the plug on its cable television network in America. | :05:40. | :05:43. | |
Less than three years after its high profile launch. The company, owned | :05:44. | :05:49. | |
by the Qatari government, had been struggling to attract revenue in the | :05:50. | :05:52. | |
highly competitive US market. It will stop operations at the end of | :05:53. | :05:58. | |
April. Indonesia's Central bank meets later today for the first time | :05:59. | :06:02. | |
this year, and it is a close call as to whether I will cut interest rates | :06:03. | :06:07. | |
to help stimulate the economy. Both is at a six-year low and the | :06:08. | :06:10. | |
government is facing some tough challenges in attracting foreign | :06:11. | :06:15. | |
investment -- growth. What is the sentiment on the ground in English | :06:16. | :06:24. | |
and it? -- in Indonesia? Our correspondent believes measures | :06:25. | :06:26. | |
taken by the government have boosted consumer confidence. The government | :06:27. | :06:31. | |
has been proactive in introducing a number of growth oriented regulation | :06:32. | :06:36. | |
packages that hint at the kind of reforms that are needed to get | :06:37. | :06:42. | |
investment going. That is buoyed investor confidence. Consumers are | :06:43. | :06:45. | |
still wary. We all read and hear the semis. Consumers have a right and | :06:46. | :06:53. | |
reason to be nervous. -- the same news. Especially about the collapse | :06:54. | :06:59. | |
of the commodity markets and exports, as well as political issues | :07:00. | :07:05. | |
at times they can be worrying. It is a vibrant democracy, but that can | :07:06. | :07:09. | |
take its toll on consumer sentiment. Given these factors, do you think it | :07:10. | :07:15. | |
is time once again for the International central bank to cut | :07:16. | :07:18. | |
the cost of borrowing? As you said in the lead up, it is a close call. | :07:19. | :07:25. | |
If it is indicated well on the banks take it up and pass it down the | :07:26. | :07:29. | |
line, it could have some impetus as part of a push towards growth. There | :07:30. | :07:33. | |
is some concern among anchors ASBO to yesterday that private bankers | :07:34. | :07:38. | |
may not even pass the lower rate among. -- among bankers I spoke to | :07:39. | :07:47. | |
yesterday. It could be a problem for the rupiah, although some think that | :07:48. | :07:51. | |
is already factored into the markets. We don't want the rupiah to | :07:52. | :07:56. | |
go to 40,000 again as a result of a rate cut. Now to India, the second | :07:57. | :08:02. | |
largest market for mobile phones, and with a growing number of people | :08:03. | :08:06. | |
using smart phones to connect to the Internet, businesses are keen to | :08:07. | :08:10. | |
develop ways for them to use their handsets to pay for things. Our | :08:11. | :08:13. | |
correspondent reports from Mumbai. get around India's busiest city. | :08:14. | :08:29. | |
This man has been driving one for 25 years. Sometimes getting paid is not | :08:30. | :08:34. | |
as easy as it sounds. Especially if the passenger does not have change. | :08:35. | :08:41. | |
Now some of his customers the mugger choose to fumble around for notes | :08:42. | :08:44. | |
and coins, instead paying using their mobile phones, transferring | :08:45. | :08:49. | |
money electronically. He says that has made life easier for him. | :08:50. | :08:54. | |
TRANSLATION: I used to have difficulty hitting change, | :08:55. | :08:56. | |
especially when customers of the notes. This would lead to an | :08:57. | :09:01. | |
argument often as many travellers will bring I am lying so I can keep | :09:02. | :09:05. | |
the change. But now some people transferred money from their mobile | :09:06. | :09:08. | |
phone and that is a big relief. The bike has about a quarter of a | :09:09. | :09:13. | |
million rickshaws, but only 10,000 except order payment. The number of | :09:14. | :09:18. | |
transactions are expected to go up as more drivers adopt the technology | :09:19. | :09:25. | |
-- Mumbai. It is one way phones are becoming wallets. 200 million people | :09:26. | :09:32. | |
are thought to have signed up to one of the many phones offering the | :09:33. | :09:36. | |
system, and while most only use them to pay for girls, movie tickets and | :09:37. | :09:41. | |
taxi rides, using them instead of cash or bank card is becoming more | :09:42. | :09:48. | |
common -- pay for bills. Companies from other set is like banking and | :09:49. | :09:53. | |
telecoms are seeing the potential, wanting rival versions. They hope to | :09:54. | :09:59. | |
make money by taking a cut from retailers, but despite the | :10:00. | :10:02. | |
possibilities, this firm knows its success hinges on how reliable | :10:03. | :10:06. | |
India's Internet and phone network is. The difficulty is connectivity. | :10:07. | :10:15. | |
Most of the time, it is a two G network. I think we will go through | :10:16. | :10:24. | |
another wave of mobile payments. For many, a move from cash something to | :10:25. | :10:29. | |
do, not least because more than half of the population still does not use | :10:30. | :10:32. | |
anchor counts, relying on old-fashioned money -- bank | :10:33. | :10:38. | |
accounts. As that changes on with things getting smarter and cheaper, | :10:39. | :10:41. | |
there still may be scope to cash in on the trend. The Asian stock | :10:42. | :10:50. | |
markets are in negative territory. Think you for being with us. Goodbye | :10:51. | :10:54. | |
for now. You are watching BBC News. The | :10:55. | :11:07. | |
headlines: Millions in America and around the world are hoping to win | :11:08. | :11:10. | |
the biggest jackpot in lottery history. $1.5 billion. Hong Kong | :11:11. | :11:16. | |
says it would ban | :11:17. | :11:17. |