13/09/2012 World Business Report


13/09/2012

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because all the Exits apart from one were locked.

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Now for the latest financial news. Welcome. This is well Business

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Report. The headlines: Global markets await the next move from

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the Federal Reserve. Cannot give more stimulus to the US economy in

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the run-up to an election? -- can it gives.

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Some countries are making their decisions with Seoul announcing a

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decision. Intended struggles in a new world

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of smartphones and tablets. -- Nintendo.

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The eyes of global markets are fixed on the world's most powerful

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Central Bank. It concludes its meeting later today with an

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announcement. Some on Wall Street are hoping for a third round of

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quantitative easing, effectively printing money to spare borrowing

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and spending. Others predict it will take more modest steps with

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major economic stimulus in the final two weeks of a presidential

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election battle. America's economic recovery is

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pretty feeble right now. Housing remains weak, data and

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manufacturing and disappointing and the unemployment rate is above 8%.

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Enter Ben Bernanke. He is widely expected to do more to stimulate

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growth. With interest rates already near-zero, one option is to buy

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bonds. A side-effect of law rates is to encourage investors to place

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their money in riskier assets as they chase higher returns. Not

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everyone is convinced this would give much of a push to the housing

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sector. The issue is not how much lower rates are, but how can we get

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people to approve their mortgages today. All this quantitative easing

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has done nothing. Officials inside this building could call for -- go

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for a more measured response like extending the timetable for how

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long they plan to leave rates near- zero. Economic growth of 1.7%, some

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economists want the fence to do more. I think they have been

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weighted to mid. The keeper taking tiny steps and been disappointed.

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After being disappointed for a few years, they need to take a lesson -

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- a lesson and go big. All agree the US economy is growing

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too slowly. There's not much consensus on what to do. Even

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before they started the meeting, Republicans had criticised

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officials for their non- economy. During this election

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season, their decisions will be pored over.

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Markets are looking to central banks across the globe to do more

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to stimulate growth. South Korea kept its central banks and hold

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today. The government has announced other measures. Tell us more about

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what is going on in South Korea. was definitely a surprise decision

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by the Bank of Korea to keep rates on hold. The economy has been hit

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hard by the slowdown there. The government had announced a second

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stimulus package and this time the Central Bank will inject over $1

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billion into local banks. The money will be used to offer lower

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interest rate loans to small businesses. There are many critics

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who say this is not going to be enough. On Monday, the government

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announced a $5 billion stimulus package, including tax rebates to

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get people spending again. Indonesia and the Philippines's

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central banks were also making announcements. They are trading on

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a four want higher after a court ruling in Germany, which gave the

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country the green light to ratified the new stimulus package for the

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eurozone. It is good news for Asian exporters because the weak euro

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means stronger Asian currencies. That has heard their performance.

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The Bank of Japan will be making its rates decision next week. The

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owner told me the strength of the Japanese yen across the US dollar

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has been killing his business. Thank you.

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Let's look at a Japanese company now. Nintendo is expected to give

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details of its long-awaited new console, including its price and

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when it will go on sale. This is the successors to the hugely

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popular devices which have been in the market for the past six years.

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Nearly 100 million were sold worldwide. But in a new world of

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smartphones and tablets, and the new console ever match that

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success? The so -- success of we surprised

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even Nintendo. People bought his to keep fit or entertain dinner party

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guests. You could play sport indoors without breaking things.

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The concept was simple and the device was cheap. This is a year

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before the serious gamer. The player has two screens to work with.

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You now have this large screen in the middle of the unit which can be

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used for a number of things. If it is an adventure game, you will have

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a map on that screen. This will be much more involved. It will require

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more effort. Having shaken up the punters that games fares, it is

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expected to hit stores in mid- November. The price is expected to

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be about $600. More expensive than Sony and Microsoft's consoles.

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Nintendo has another problem. Worldwide sales of computer games

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consoles have fallen sharply. Down 40% over the past year alone. More

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people are choosing to play games on the smartphones because they can

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play them on the move rather than sitting in front of a static consul.

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That raises the question of whether Nintendo is launching its new

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device into a step letting market. I think it will be a hard sell to

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end on gaming market. I think it will be a fantastic product and

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make you think of gaming in a completely different way but I do

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not think it will translate into sales. This year, Minton the made

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its first loss for three decades. Sales would compound at problems.

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It might create such a buzz among game is that they abandon their

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smartphones and fullback in love with a big screen console.

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The defence and aerospace industry is still digesting plants of a

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merger. It would create a vast European rival to Boeing,

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overtaking it an annual sales. The plan is seen as a response to

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increased defence spending. The battle over an iconic Singapore

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beer brand is coming to a head. A 7.2 million dollar cash offer has

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been made. The bid comes two weeks before a meeting with shareholders

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to approve a takeover for the brewing business.

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Apple unveiled the 5th generation of its iPhone, which will go on

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sale on 21st September. It is thinner and lighter and has a

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larger screen and faster processor and is compatible with 4G networks.

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Analysts say there was little unexpected news about its. Apple's

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