Browse content similar to 13/09/2012. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
because all the Exits apart from one were locked. | :00:05. | :00:15. | |
:00:15. | :00:16. | ||
Now for the latest financial news. Welcome. This is well Business | :00:16. | :00:21. | |
Report. The headlines: Global markets await the next move from | :00:21. | :00:24. | |
the Federal Reserve. Cannot give more stimulus to the US economy in | :00:24. | :00:34. | |
:00:34. | :00:35. | ||
the run-up to an election? -- can it gives. | :00:35. | :00:41. | |
Some countries are making their decisions with Seoul announcing a | :00:41. | :00:45. | |
decision. Intended struggles in a new world | :00:45. | :00:55. | |
:00:55. | :00:56. | ||
of smartphones and tablets. -- Nintendo. | :00:56. | :00:59. | |
The eyes of global markets are fixed on the world's most powerful | :00:59. | :01:09. | |
:01:09. | :01:12. | ||
Central Bank. It concludes its meeting later today with an | :01:12. | :01:16. | |
announcement. Some on Wall Street are hoping for a third round of | :01:16. | :01:21. | |
quantitative easing, effectively printing money to spare borrowing | :01:21. | :01:26. | |
and spending. Others predict it will take more modest steps with | :01:26. | :01:33. | |
major economic stimulus in the final two weeks of a presidential | :01:33. | :01:39. | |
election battle. America's economic recovery is | :01:39. | :01:44. | |
pretty feeble right now. Housing remains weak, data and | :01:44. | :01:49. | |
manufacturing and disappointing and the unemployment rate is above 8%. | :01:50. | :01:53. | |
Enter Ben Bernanke. He is widely expected to do more to stimulate | :01:53. | :02:03. | |
growth. With interest rates already near-zero, one option is to buy | :02:03. | :02:09. | |
bonds. A side-effect of law rates is to encourage investors to place | :02:09. | :02:16. | |
their money in riskier assets as they chase higher returns. Not | :02:16. | :02:20. | |
everyone is convinced this would give much of a push to the housing | :02:20. | :02:28. | |
sector. The issue is not how much lower rates are, but how can we get | :02:28. | :02:31. | |
people to approve their mortgages today. All this quantitative easing | :02:31. | :02:38. | |
has done nothing. Officials inside this building could call for -- go | :02:38. | :02:42. | |
for a more measured response like extending the timetable for how | :02:42. | :02:52. | |
long they plan to leave rates near- zero. Economic growth of 1.7%, some | :02:52. | :02:57. | |
economists want the fence to do more. I think they have been | :02:57. | :03:02. | |
weighted to mid. The keeper taking tiny steps and been disappointed. | :03:02. | :03:08. | |
After being disappointed for a few years, they need to take a lesson - | :03:08. | :03:13. | |
- a lesson and go big. All agree the US economy is growing | :03:13. | :03:20. | |
too slowly. There's not much consensus on what to do. Even | :03:20. | :03:23. | |
before they started the meeting, Republicans had criticised | :03:23. | :03:27. | |
officials for their non- economy. During this election | :03:27. | :03:36. | |
season, their decisions will be pored over. | :03:36. | :03:40. | |
Markets are looking to central banks across the globe to do more | :03:40. | :03:46. | |
to stimulate growth. South Korea kept its central banks and hold | :03:46. | :03:56. | |
today. The government has announced other measures. Tell us more about | :03:56. | :04:04. | |
what is going on in South Korea. was definitely a surprise decision | :04:04. | :04:08. | |
by the Bank of Korea to keep rates on hold. The economy has been hit | :04:08. | :04:14. | |
hard by the slowdown there. The government had announced a second | :04:14. | :04:19. | |
stimulus package and this time the Central Bank will inject over $1 | :04:19. | :04:24. | |
billion into local banks. The money will be used to offer lower | :04:24. | :04:27. | |
interest rate loans to small businesses. There are many critics | :04:27. | :04:33. | |
who say this is not going to be enough. On Monday, the government | :04:33. | :04:37. | |
announced a $5 billion stimulus package, including tax rebates to | :04:37. | :04:45. | |
get people spending again. Indonesia and the Philippines's | :04:45. | :04:55. | |
:04:55. | :04:57. | ||
central banks were also making announcements. They are trading on | :04:57. | :05:00. | |
a four want higher after a court ruling in Germany, which gave the | :05:00. | :05:05. | |
country the green light to ratified the new stimulus package for the | :05:05. | :05:13. | |
eurozone. It is good news for Asian exporters because the weak euro | :05:13. | :05:18. | |
means stronger Asian currencies. That has heard their performance. | :05:18. | :05:22. | |
The Bank of Japan will be making its rates decision next week. The | :05:22. | :05:27. | |
owner told me the strength of the Japanese yen across the US dollar | :05:27. | :05:36. | |
has been killing his business. Thank you. | :05:36. | :05:43. | |
Let's look at a Japanese company now. Nintendo is expected to give | :05:43. | :05:48. | |
details of its long-awaited new console, including its price and | :05:48. | :05:53. | |
when it will go on sale. This is the successors to the hugely | :05:53. | :05:58. | |
popular devices which have been in the market for the past six years. | :05:58. | :06:04. | |
Nearly 100 million were sold worldwide. But in a new world of | :06:04. | :06:07. | |
smartphones and tablets, and the new console ever match that | :06:07. | :06:14. | |
success? The so -- success of we surprised | :06:14. | :06:18. | |
even Nintendo. People bought his to keep fit or entertain dinner party | :06:18. | :06:22. | |
guests. You could play sport indoors without breaking things. | :06:22. | :06:28. | |
The concept was simple and the device was cheap. This is a year | :06:28. | :06:33. | |
before the serious gamer. The player has two screens to work with. | :06:33. | :06:37. | |
You now have this large screen in the middle of the unit which can be | :06:37. | :06:44. | |
used for a number of things. If it is an adventure game, you will have | :06:44. | :06:49. | |
a map on that screen. This will be much more involved. It will require | :06:50. | :06:59. | |
more effort. Having shaken up the punters that games fares, it is | :06:59. | :07:05. | |
expected to hit stores in mid- November. The price is expected to | :07:05. | :07:11. | |
be about $600. More expensive than Sony and Microsoft's consoles. | :07:11. | :07:16. | |
Nintendo has another problem. Worldwide sales of computer games | :07:16. | :07:22. | |
consoles have fallen sharply. Down 40% over the past year alone. More | :07:23. | :07:26. | |
people are choosing to play games on the smartphones because they can | :07:26. | :07:31. | |
play them on the move rather than sitting in front of a static consul. | :07:31. | :07:35. | |
That raises the question of whether Nintendo is launching its new | :07:35. | :07:41. | |
device into a step letting market. I think it will be a hard sell to | :07:41. | :07:47. | |
end on gaming market. I think it will be a fantastic product and | :07:47. | :07:51. | |
make you think of gaming in a completely different way but I do | :07:51. | :07:58. | |
not think it will translate into sales. This year, Minton the made | :07:59. | :08:04. | |
its first loss for three decades. Sales would compound at problems. | :08:04. | :08:08. | |
It might create such a buzz among game is that they abandon their | :08:08. | :08:17. | |
smartphones and fullback in love with a big screen console. | :08:17. | :08:25. | |
The defence and aerospace industry is still digesting plants of a | :08:25. | :08:30. | |
merger. It would create a vast European rival to Boeing, | :08:30. | :08:36. | |
overtaking it an annual sales. The plan is seen as a response to | :08:36. | :08:43. | |
increased defence spending. The battle over an iconic Singapore | :08:43. | :08:52. | |
beer brand is coming to a head. A 7.2 million dollar cash offer has | :08:52. | :08:58. | |
been made. The bid comes two weeks before a meeting with shareholders | :08:58. | :09:03. | |
to approve a takeover for the brewing business. | :09:03. | :09:09. | |
Apple unveiled the 5th generation of its iPhone, which will go on | :09:09. | :09:13. | |
sale on 21st September. It is thinner and lighter and has a | :09:13. | :09:20. | |
larger screen and faster processor and is compatible with 4G networks. | :09:20. | :09:26. | |
Analysts say there was little unexpected news about its. Apple's | :09:26. | :09:36. | |
:09:36. | :09:38. |