Browse content similar to 15/03/2016. Check below for episodes and series from the same categories and more!
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of dinosaur in the remote deserts of northern Uzbekistan. | :00:00. | :00:00. | |
It throws light on the subsequent evolution of one | :00:00. | :00:00. | |
of its relations, the fearsome predator Tyrannosaurus rex. | :00:00. | :00:00. | |
Those are the latest headlines from BBC News. | :00:00. | :00:07. | |
Now for the latest financial news with Sally | :00:08. | :00:09. | |
Japan's central bank holds fire on further stimulus, | :00:10. | :00:19. | |
Would you trust financial advice from a mobile app? | :00:20. | :00:24. | |
We'll hear from one company which thinks it's the future of investing. | :00:25. | :00:31. | |
Also in the programme the Chinese insurance group Anbang is eyeing up | :00:32. | :00:44. | |
another US hotel group, Rico Hizon has the latest. | :00:45. | :00:48. | |
It's a big week for the central bankers | :00:49. | :00:54. | |
of our major economies with more than three laying out their rate | :00:55. | :00:57. | |
After a two-day meeting, the Bank of Japan has left | :00:58. | :01:04. | |
its rate unchanged and has also held fire on further stimulus measures. | :01:05. | :01:10. | |
Of course, you'll remember Japan made a surprise dive into negative | :01:11. | :01:15. | |
Designed to spur bank lending and persuade consumers to spend not | :01:16. | :01:21. | |
save, but it is not having the desired | :01:22. | :01:23. | |
effect and has raised question about other central banks doing the same. | :01:24. | :01:32. | |
Only last week, the European Central Bank cut interest rates further | :01:33. | :01:35. | |
into negative territory and unleashed quantitative easing | :01:36. | :01:36. | |
With me is Jonathan Allum, Equity Sales Trading strategist | :01:37. | :01:44. | |
Nice to see you, Jonathan. So no stimulus this time, this new | :01:45. | :02:00. | |
stimulus, no further cuts to interest rates in Japan. Widely | :02:01. | :02:04. | |
expected that might be the decision, but is it the right decision? Widely | :02:05. | :02:07. | |
expected that might be the decision, but is it the expected. Given the | :02:08. | :02:13. | |
dramatic unexpected move last time around it makes sense to see how | :02:14. | :02:19. | |
that pans out. The data we have since then is very sketchy. Whatever | :02:20. | :02:23. | |
the merits or opposite of negative interest rates, the communication | :02:24. | :02:28. | |
strategy has to be questioned, people weren't prepared for this, in | :02:29. | :02:33. | |
fact they denied they would do it, therefore it makes sense to let | :02:34. | :02:38. | |
things be for the time being. Unlike the Federal Reserve and unlike the | :02:39. | :02:44. | |
UK central bank, not great, as you say, preparation for the negative | :02:45. | :02:47. | |
interest rates when it came in January. As you say, it was a big | :02:48. | :02:52. | |
surprise. When will we learn that this is working? There's a great | :02:53. | :02:56. | |
debate as to whether this policy actually works at all. I think | :02:57. | :03:00. | |
that's correct. If you look at the longer experience we've had in | :03:01. | :03:05. | |
Europe, the jury is out. Looking at the BIF report, there are some | :03:06. | :03:09. | |
positive aspects but it's unclear whether it had a dramatic affect. -- | :03:10. | :03:17. | |
BIS. The exception might be Sweden where the economic data has picked | :03:18. | :03:19. | |
up quite sharply, but whether that's applicable elsewhere isn't so | :03:20. | :03:22. | |
clear. It's a very boring message but we do have to wait and see. In | :03:23. | :03:27. | |
the meantime for Japan, how is the economy faring? In the last quarter | :03:28. | :03:32. | |
of last year it contracted, people were wondering whether other | :03:33. | :03:36. | |
nonexpert woodwork, -- are they not mix. | :03:37. | :03:39. | |
Where is the economy out? Will businesses in Japan spend more and | :03:40. | :03:46. | |
invest more to get the economy moving again? The interesting thing | :03:47. | :03:51. | |
today, and this gets overshadowed by the Bank of Japan non- | :03:52. | :03:55. | |
announcement, is the tertiary index figures for January, the service | :03:56. | :03:58. | |
sector, the largest part of the Japanese economy, strong numbers, up | :03:59. | :04:03. | |
1.5% month on month, better than expected. This is pre- corrode | :04:04. | :04:07. | |
Brazuca territory if you like, as is most of the data. But the data has | :04:08. | :04:15. | |
been middling. Lots of jobs have been added? The boy and data has | :04:16. | :04:18. | |
been very good to be fair and there is some sign of wages coming through | :04:19. | :04:23. | |
-- and the point month later. Spending has been disappointing, | :04:24. | :04:29. | |
though -- employment data. The bullish and you would be that if you | :04:30. | :04:33. | |
get nothing on your deposits then you're more likely to spend. That | :04:34. | :04:38. | |
I'm afraid rather tediously the jury is out on. Jonathan, thank you for | :04:39. | :04:46. | |
coming in and giving us your announcement. Lots more analysis on | :04:47. | :04:52. | |
that bank of Japan announcement earlier. | :04:53. | :04:53. | |
China's Anbang Insurance Group has made a surprise takeover bid for US | :04:54. | :04:56. | |
The cash offer of just under $13 billion is higher | :04:57. | :04:59. | |
than an already-agreed takeover from Marriott. | :05:00. | :05:05. | |
Also apparently they are eyeing up another chain as well. | :05:06. | :05:08. | |
Nice to see you. Suddenly we're all having to get familiar with this | :05:09. | :05:17. | |
organisation, and bang, to find out what they're up to. -- Angbang. Not | :05:18. | :05:27. | |
many people know what they do but Sally did research, they are a | :05:28. | :05:32. | |
Beijing based company founded in 2014, a very young company, with an | :05:33. | :05:36. | |
initial focus of car insurance. With a spate of deal making and other | :05:37. | :05:41. | |
things overseas this privately held company manages about $300 billion | :05:42. | :05:47. | |
worth of assets. Apart from its acquisition of strategic hotels and | :05:48. | :05:52. | |
resorts for $6.5 billion, they've also made some major purchases over | :05:53. | :05:56. | |
the last 12 months. They have a stake in a Korean insurance company, | :05:57. | :06:03. | |
a Belgian banking company as well. They made headlines by acquiring the | :06:04. | :06:07. | |
New York landmark hotel Waldorf Astoria two years ago for 2 billion | :06:08. | :06:16. | |
US dollars. If they succeed purchasing Starwood this would be | :06:17. | :06:19. | |
the biggest Chinese investment in real estate assets. But Marriot are | :06:20. | :06:27. | |
still wanting to acquire Starwood to create the biggest hotel company in | :06:28. | :06:31. | |
the world and they say no one will break up this happy marriage. So | :06:32. | :06:36. | |
many twists and turns as you go up the aisle. | :06:37. | :06:38. | |
A fired VW worker in the US has launched a lawsuit | :06:39. | :06:41. | |
against the carmaker accusing it of deleting documents and obstructing | :06:42. | :06:44. | |
justice in relation to the ongoing diesel emissions investigations. | :06:45. | :06:46. | |
Daniel Donovan, who worked in IT for the company, says he refused to | :06:47. | :06:49. | |
take part in the deletions and reported them to a supervisor. | :06:50. | :06:52. | |
He says he was wrongfully fired in December. | :06:53. | :06:57. | |
Oil prices fell nearly 3%, and are are now trading under $40 | :06:58. | :07:00. | |
a barrel after Iran put off plans to join countries | :07:01. | :07:02. | |
Iran's oil minister says the country will only join | :07:03. | :07:06. | |
discussions to cap output after its output reaches a pre-sanctions level | :07:07. | :07:09. | |
The cosmetics company Avon plans to move its headquarters to the UK | :07:10. | :07:20. | |
and cut 2,500 jobs worldwide as part of a turnaround plan. | :07:21. | :07:23. | |
Innovations in technology affect many aspects of our lives | :07:24. | :07:26. | |
but the advance in the financial world has been noticeably swift with | :07:27. | :07:29. | |
But now the next innovation seems to be taking off. | :07:30. | :07:32. | |
In fact the UK's Royal Bank of Scotland is replacing hundreds of | :07:33. | :07:35. | |
But what are they and can they really do better than a human being? | :07:36. | :07:40. | |
Mobile banking apps are everywhere. In fact one bank boss recently | :07:41. | :07:55. | |
admitted that his busiest branch was a morning commuter train. The bank | :07:56. | :07:59. | |
in question was Royal Bank of Scotland. Now it's set to cut 220 | :08:00. | :08:04. | |
face to face advisers from its payroll as it switches its customers | :08:05. | :08:10. | |
to so-called robo advises. So what exactly is robo advice? Don't worry, | :08:11. | :08:13. | |
you won't have to see a scary chap like him, you won't even have to see | :08:14. | :08:19. | |
a human being. In fact, you can get everything you need from a mobile | :08:20. | :08:23. | |
phone app. There are basic questions that help us to understand as much | :08:24. | :08:28. | |
as we can the risk attitude and risk profile of our clients. One company | :08:29. | :08:33. | |
that recently entered the UK market is the Italian firm Money Farm, it | :08:34. | :08:39. | |
uses robo advice rather than a human personal financial adviser to help | :08:40. | :08:42. | |
its constant is make investment decisions in a wide ranging set of | :08:43. | :08:49. | |
markets. With this technology you can build a different way to explain | :08:50. | :08:53. | |
and help people invest their money. In the robo concept comes from the | :08:54. | :09:00. | |
fact there is no need... At least it's not mandatory to have someone | :09:01. | :09:04. | |
interfacing with the clients, the computer or the app on the mobile | :09:05. | :09:09. | |
phone can help you do it. The UK regulator certainly believes costs | :09:10. | :09:13. | |
for customers will come down by the development of this technology. But | :09:14. | :09:17. | |
can we trust a computer to make the right decisions when it comes to | :09:18. | :09:22. | |
personal finances? The biggest problem is it's a one size fits all | :09:23. | :09:25. | |
approach, it's like going into a shop and it only having small, | :09:26. | :09:29. | |
medium and large and trying to fit into one of the brackets. It can | :09:30. | :09:35. | |
overlook some of the complexities of your financial position. For | :09:36. | :09:37. | |
instance, it doesn't really look at your tax affairs. According to one | :09:38. | :09:44. | |
analyst, assets managed by robo advisers could hit $5 trillion over | :09:45. | :09:49. | |
the next few years as the traditional investor becomes a lot | :09:50. | :09:50. | |
younger and more tech savvy. Banking app or human. Send me your | :09:51. | :09:59. | |
thoughts. The markets all headed south. The yen has strengthened | :10:00. | :10:04. | |
because rates have got weaker in Japan, Hong Kong having a tougher | :10:05. | :10:08. | |
time therefore. Oil down below $40 a barrel. Markets across the border | :10:09. | :10:13. | |
yesterday were really strong, Wall Street closing flat. The broader | :10:14. | :10:18. | |
market pretty flat as well. You're up to date. We'll look through the | :10:19. | :10:22. | |
papers in a minute. See you then. A group | :10:23. | :10:29. | |
of parents whose children died after getting meningitis will give | :10:30. | :10:31. | |
evidence to MPs later today, after more than 800,000 people signed | :10:32. | :10:33. | |
a petition calling for Meningitis B vaccinations to be given to all | :10:34. | :10:36. | |
children under 11, not just babies. But the Government says the current | :10:37. | :10:39. | |
programme protects those most at risk and extending the programme | :10:40. | :10:41. | |
would not be cost-effective. | :10:42. | :10:45. |