14/12/2016 World Business Report


14/12/2016

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It's not so much a question of will they -

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a US rate hike is almost a certainty today.

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Now the question is when will the next one come/

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All agree solar panels provide cheap energy,

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but what do you do if you have nowhere to put them?

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Also in the program, Carlos Ghosn saved Nissan

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But can he also fix the troubled carmaker Mitsubishi Motors?

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The US Federal Reserve is all but certain to raise rates

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later today for only the second time in nearly a decade.

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Economists expect the central bank to raise its key

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rate by a quarter percentage point to between 0.5% and 0.75%

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from the current range of 0.25% to 0.5%.

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And with a rate rise assumed, the focus among investors has

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shifted to how a Trump economy will affect the outlook

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6000 that is the number of parcels processed in the Bronx New York with

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Laura Bassett shopping online, business is busier than ever. --

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with all of us. 355 billion packages. The hum of the conveyor

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belt of welcome soundtrack. FedEx revenue from ground presentation has

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nearly doubled in the past five years. It is early in the morning

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here in the Bronx, packages being prepared to go out on the road and

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it is not just FedEx delivering the goods, so is the US economy so much

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so that the Federal Reserve is getting ready to raise interest

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rates for the first time in a year. The last time policymakers inside

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here raised rates they indicated there would be four more in 2016 but

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we as in the economy meant that did not happen. We expect more realistic

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figures than this time last year. They were dealing with collapse in

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commodity prices and dangers in the markets all over the world. This man

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is changing expectations. Economists believe his pledge to cut taxes and

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spend on infrastructure would boost growth and that will have an impact

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on the size and pace of future rate rises. We expect to in 2017 and more

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in 2018. But we'll find out if it is to be more aggressive. Janet Yellen

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is getting a helping hand from Wall Street. A stronger dollar are ready

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squeezing the economy, giving her more time to assess policy under a

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Trump administration. James Foley is a senior foreign

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exchange strategist. Everybody is agreed we are looking at a quarter

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of a percent. The question is what is going to happen next year? It is

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about the tone that is sad and the market as at an interesting phase --

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sect. We talk about inflation quite a lot and we have Donald Trumps. It

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is pushing higher on the anticipation that Trump will spend

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that money and take away regulation and we will have faster growth but

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not all economists are great. Some are sceptical about the amount of

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inflation that will come. Lots of effects keeping inflation low in the

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past couple of years, demographics, workers, and low earnings growth.

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Without those of effects changing, there may not be too much inflation

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priced into the market. Something that will possibly change is higher

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or you'll prices -- oil prices. With the still taking place in the New

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Year, we could some say Sea oil at $60 a barrel. Immediately it is

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pushing up energy costs in Europe and the UK, is that the same in the

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US? Not the same degree but we will see inflation but it is type of

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inflation - cost push inflation. By the time you go out and spend your

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money on gas and petrol, you have less money for everything else. Cost

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inflation is tax. What we really want to see is a demand pulled

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inflation where we have more money to spend when our earning goes up.

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There are structural effects keeping a lid on that across the Western

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world. Thank you very much. We are working so hard and Jane will be

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back for the paper review. Singapore is one of

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the sunniest places in Asia. But space is hard to find -

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and solar energy has been slow Now the world's largest floating

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solar testbed has been set up doing Charlotte Glennie went

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to find out more. Right near the equator it is always

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someone in Singapore yet less than 1% of the city power is generated by

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the sun. The adoption of solar energy in Asia has been a bit slower

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than in Europe so the markets over their have been booming over the

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last 10- 15 years. Most countries in Southeast Asia have to wait until

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the global market has built up a capacity and learned from economies

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of scale. Solar energy is cheap now and China has become Asia's leading

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user of solar power. Japan is also big dog and India is pushing to be.

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South East Asia is slowly catching up, led like Thailand. Trouble is,

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in places by Singapore, there is not much land for installing solar

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panels that so scientists are looking for alternatives. Ten

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floating panels have been set up provided by companies from all over

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the world. Each is designed differently. The way they float, to

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the type and size of the panels used to the way they are a range. The

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goal is to find out which one works the best. The more direct sunlight

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solar panel gets, the more it heats up but the more it does so, the less

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power it produces soap floating systems are being tested to see if

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they are more efficient stop in the building department in Singapore, a

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citystate, you have a lot of heat from the buildings. If you go out to

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waters, that is what we are trying to test. How much is the cooling

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effect from the water on the solar panels and how much more electricity

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we can generate compared to system on a rooftop, for examples. Experts

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say the region 's governments need to stop subsidising conventional

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electricity and give room for harnessing energy from the sun.

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It is a big day at scandal-hit Mitsubishi Motors.

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Shareholders are expected to approve Carlos Ghosn as chairman

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He currently runs rivals Nissan and Renault.

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They will also vote on whether to TRIPLE the annual pay

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packages of Mitsubishi Motors' top executives.

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Mr Ghosn is taking over the reins at Mitsubishi after Nissan bought

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a controlling stake earlier this year.

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US bank Wells Fargo has been hit with restrictions after attempts

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to fix issues with its bankruptcy plan failed.

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Banks labelled "too big to fail" must have a so-called "living will"

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that would allow them to close down without the help of public money.

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Wells Fargo will be barred from opening international branches

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and buying non-bank companies until it satisfies the regulators.

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Looking at the markets... They are treading water. Waiting for the

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announcement. It is all about comments, what is said following

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that rate decision about future rate moves. Look at the US, the Dow going

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up and up, will it hit 20,000 this year? Who knows. I will see you

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soon.

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