Browse content similar to 28/10/2016. Check below for episodes and series from the same categories and more!
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They have been concerns that Nissan might abandon the UK, following the | :00:00. | :00:00. | |
Brexit vote. That's get a more business news live from Rico Hizon | :00:00. | :00:08. | |
in Singapore. Twitter slashes hundreds of jobs as | :00:09. | :00:19. | |
it struggles with big loss was and very little growth. Shares in Google | :00:20. | :00:27. | |
rising following a jump. Good morning. Welcome to Asia | :00:28. | :00:39. | |
Business Report, live from Singapore with Mariko Oi. Some major cutbacks | :00:40. | :00:44. | |
at Twitter. The company is closing its video sharing service Vice four | :00:45. | :00:49. | |
years after it was launched. It is also slashing 9% of its workforce | :00:50. | :00:52. | |
after its losses ballooned to $100 million, due to slowing growth. The | :00:53. | :00:58. | |
results come on the heels of recent reports that at least three major | :00:59. | :01:03. | |
suitors sales forced Google, Disney have walked away. The best partner | :01:04. | :01:07. | |
for Twitter may actually be in Asia. The best partner I am thinking of | :01:08. | :01:20. | |
right now has international ambitions but they could help, | :01:21. | :01:25. | |
partnering with Twitter. And vice-versa, Twitter would help in | :01:26. | :01:39. | |
terms of its revenue. All the major players seem to be walking away from | :01:40. | :01:45. | |
Twitter so what is the best case scenario if no one wants to buy it? | :01:46. | :01:51. | |
They can try to do private that it would mean that someone has deep | :01:52. | :01:55. | |
pockets and asked to be able to do that otherwise they would need to | :01:56. | :02:00. | |
find new ways to continue its growth and also find new revenue streams, | :02:01. | :02:06. | |
perhaps from its data. What is the turnoff about Twitter? It is not | :02:07. | :02:11. | |
making money but it is still very popular? Thanks to the presidential | :02:12. | :02:15. | |
elections, it is. It has a new lease of life for a while at the picture | :02:16. | :02:19. | |
doesn't look too rosy overall. If you look at the growth of users, it | :02:20. | :02:24. | |
has plateaued. It slowed down from 8%, about 3% growth to about 1% in | :02:25. | :02:31. | |
recent results. Even for revenue growth, it has slowed down from 20% | :02:32. | :02:38. | |
to all the way down to 8%. They have beaten most estimates, it still | :02:39. | :02:40. | |
slowing down, there are signs that. When it comes to search, Google's | :02:41. | :02:49. | |
parent company alphabet which also owns YouTube beat market | :02:50. | :02:53. | |
expectations with a 20% rise in growth. It is due to the increase in | :02:54. | :02:58. | |
advertising. Some people are concerned that the world 's | :02:59. | :03:01. | |
second-biggest company is earning cash on the -- futuristic projects. | :03:02. | :03:10. | |
Investigators are pleased with the success that Google is having. With | :03:11. | :03:17. | |
its mobile advertising so people clicking on ads on their phones or | :03:18. | :03:21. | |
their tablets rather than on their computers like they used to be on | :03:22. | :03:26. | |
the old days, four years ago, also. What is an important metric for | :03:27. | :03:30. | |
Google is the paid for clicks, there are more of those. That is when | :03:31. | :03:34. | |
someone clicks on the ad and a company pays for each of those | :03:35. | :03:37. | |
stopped -- the advertising company pays. The amount per click has gone | :03:38. | :03:42. | |
down but companies haven't been too worried because they are saying that | :03:43. | :03:49. | |
the more clicks is most important. Very promising for Google and their | :03:50. | :03:54. | |
investigators -- investors are happy. Alphabet has other bets, as | :03:55. | :03:59. | |
the company calls themselves. How are they doing? Alphabet was created | :04:00. | :04:06. | |
as Google's parent company as a way of separating Google, the core | :04:07. | :04:09. | |
business, the things we all know such as e-mail and you Tube and | :04:10. | :04:13. | |
search, from these other bets and that is more out land issue are in | :04:14. | :04:19. | |
some AI, putting balloons into space to give the Internet to people, | :04:20. | :04:23. | |
putting Internet Underground in some places the customers. Smart firm | :04:24. | :04:29. | |
starts. Although things are taking out of the main Google products. | :04:30. | :04:33. | |
Traditionally, they have cost a lot of money and haven't made a lot of | :04:34. | :04:37. | |
money but these latest figures show the revenue from those other bets | :04:38. | :04:41. | |
has gone up right marginally and the latest in the last three months with | :04:42. | :04:45. | |
revenues of $197 million which is peanuts compared to what the main | :04:46. | :04:51. | |
part of Google makes. That is pretty good, though. It is going in the | :04:52. | :04:54. | |
right direction is virus investments are concerned was the Beau Maister | :04:55. | :04:58. | |
be worried that it is costing money but that is the amount -- they may | :04:59. | :05:06. | |
still be worried. But that amount is still going down. They will want | :05:07. | :05:11. | |
Alphabet to keep a rein on some of the crazy ideas but they also | :05:12. | :05:14. | |
realise that Alphabet's future relies on them so it is a crucial | :05:15. | :05:16. | |
balance they are trained to strike. It is been a busy reporting | :05:17. | :05:23. | |
calendar. Amazon Prime 's Mac latest quarterly profit came in lower than | :05:24. | :05:28. | |
expected and shares fell maybe 7%. The world 's biggest online retailer | :05:29. | :05:31. | |
has been dealing with higher shipping costs and heavy investment | :05:32. | :05:36. | |
into its operations. Sales amounted to $32 billion for the three months | :05:37. | :05:41. | |
to September. Shares in is ETO express, one of China's top five | :05:42. | :05:51. | |
companies have posted an $1.4 billion of the chef sale. -- share | :05:52. | :06:03. | |
sale. Chinese search engine Baidu has posted a loss. It is mainly due | :06:04. | :06:08. | |
to government cracked down on healthcare advertising earlier this | :06:09. | :06:11. | |
year which has taken a toll on the company. | :06:12. | :06:13. | |
It has been one year since China decided to scrap its one child | :06:14. | :06:19. | |
policy but what impact is that having on the economy? China still | :06:20. | :06:23. | |
faces a rapidly ageing population and the slowing growth is impacting | :06:24. | :06:30. | |
jobs in many sectors. It could be decades before there is any real | :06:31. | :06:31. | |
impact. What we would expect to see is as | :06:32. | :06:39. | |
fertility rates increase slightly, we don't expect there to be a sharp | :06:40. | :06:45. | |
reversal. The shift in demographics that has a negative impact would be | :06:46. | :06:49. | |
somewhat less than it would have been without the policy change. That | :06:50. | :06:55. | |
China of course is still the most populous country in the world. Can | :06:56. | :07:01. | |
it actually handle more babies? China's income levels hardly | :07:02. | :07:04. | |
increased and what China is now facing is a decline in the | :07:05. | :07:07. | |
population within the next decade or so. The population would start to | :07:08. | :07:11. | |
fall. The population will also age quite rapidly before income levels | :07:12. | :07:22. | |
are the same as EU or US levels. Providing healthcare, pensions. That | :07:23. | :07:25. | |
will fall on a smaller population burden. | :07:26. | :07:29. | |
Now to the US presidential elections and trade has been one of the big | :07:30. | :07:38. | |
issues. New US estate exports more to Asia than California. Of the | :07:39. | :07:43. | |
state exporters, the $70 billion across the Pacific last year. As a | :07:44. | :07:47. | |
result, many exporters support the huge free trade deal called the | :07:48. | :07:53. | |
transpacific partnership, known as the TPP. Given both presidential | :07:54. | :07:57. | |
candidates are looking to kill the deal, what happens next? Timothy | :07:58. | :07:59. | |
McDonald reports. These grapevines have kept the | :08:00. | :08:05. | |
family going for generations. The Company hopes the transpacific | :08:06. | :08:10. | |
partnership will help them squeeze a little more out of their business. | :08:11. | :08:15. | |
Previous trade deals have helped as they expect the TPP will too, if it | :08:16. | :08:20. | |
is ever ratified. An example would be NAFTA and the net Mexico in | :08:21. | :08:28. | |
particular -- and Mexico. As the tariffs went down the following year | :08:29. | :08:33. | |
of about 15%, the same thing is happening in Japan as they began to | :08:34. | :08:37. | |
reduce their tariffs over the last couple of years. 20% increase over | :08:38. | :08:42. | |
prior years. He really does make a difference to have a level playing | :08:43. | :08:46. | |
field. Not everyone is so enthusiastic about trade agreement | :08:47. | :08:49. | |
stopping that, many workers say previous ones such as NAFTA has | :08:50. | :08:53. | |
simply shipped jobs across the border and they are afraid that the | :08:54. | :08:59. | |
TPP might ship more jobs to Asia. At this San Diego Cathay, three | :09:00. | :09:02. | |
Aerospace workers are having coffee with the UN representative. Lots of | :09:03. | :09:06. | |
jobs have gone to Mexico, he said and he expects his own will soon had | :09:07. | :09:12. | |
to Malaysia. We are still losing the jobs because of regulations, because | :09:13. | :09:17. | |
of government deals with other countries, starting with NAFTA and | :09:18. | :09:22. | |
now TPP is approaching. And even though both candidates are opposed | :09:23. | :09:26. | |
to the deal, he suspects it will still pass in some form. Timothy | :09:27. | :09:30. | |
McDonald, BBC News, California. Just days after posting its falling | :09:31. | :09:40. | |
profits, Apple has unveiled new laptops in a bid to revitalise its | :09:41. | :09:47. | |
laptop line. It has an interactive display a above the keyboard is with | :09:48. | :09:52. | |
a fingerprint sensor which makes it easier for online transactions using | :09:53. | :09:56. | |
the Apple payment system. The last update from Apple on its Mac | :09:57. | :10:00. | |
computers took place more than a year ago. Let's show the markets | :10:01. | :10:04. | |
before we go. The Nikkei has started trading and they have opened higher | :10:05. | :10:08. | |
because of the week of the Japanese yen. -- weak Japanese yen. We see | :10:09. | :10:14. | |
shares in exporters rising at the moment. Australia is practically | :10:15. | :10:18. | |
flat. Overnight in the US, even though we had lots of earnings, | :10:19. | :10:22. | |
there was little change after a choppy session. We are also | :10:23. | :10:25. | |
monitoring the oil prices. That is it for this addition of Asia | :10:26. | :10:28. | |
Business Report. Thank you for | :10:29. | :10:29. |