Browse content similar to 07/01/2014. Check below for episodes and series from the same categories and more!
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warnings for England and Wales. There are three severe warnings for | :00:00. | :00:00. | |
Dorset. Now it is time for the latest news from Singapore. | :00:00. | :00:19. | |
The US Central Bank has a new chief of the majority of US senators | :00:20. | :00:23. | |
confirm a Janet Yellen as the first female chair. You ongoing political | :00:24. | :00:28. | |
demonstrations and Bangkok start to rise and Thailand. Welcome. Asia | :00:29. | :00:42. | |
Business Report. We start off in the United States where as you heard, | :00:43. | :00:46. | |
the majority of senators have confirmed Janet Yellen as the first | :00:47. | :00:49. | |
female chair of the Federal Reserve. She will be succeeding in Bernanke | :00:50. | :00:53. | |
who steps down at the end of the month after eight years in office. | :00:54. | :00:58. | |
Janet Yellen is not to be an advocate of the aggressive stimulus | :00:59. | :01:01. | |
policy also known as quantitative easing which began in 2008. Despite | :01:02. | :01:08. | |
the amount being pumped into the US economy every month, it will be | :01:09. | :01:13. | |
reduced by 85 earlier dollars to $75 billion US. One of the main | :01:14. | :01:18. | |
challenge is to reduce the amount is also known as tapering will be in | :01:19. | :01:22. | |
the months and years ahead. America is dealing with a mixed economic | :01:23. | :01:26. | |
picture as it takes off for the New Year. Janet Yellen's task would be | :01:27. | :01:33. | |
easy. I spoke to our correspondent earlier. | :01:34. | :01:38. | |
On one hand you see the unemployment rate falling to 7%. That is a | :01:39. | :01:42. | |
five-year low. However, it is still high. Parts of America sees people | :01:43. | :01:51. | |
unemployed for more than six months. This is a concern to Janet Yellen. | :01:52. | :01:55. | |
She mentioned a star in her confirmation in November. -- | :01:56. | :02:03. | |
mentioned this in her. The economy is recovering but the recovery is | :02:04. | :02:07. | |
still tepid. This is why there are still move for this kind of | :02:08. | :02:11. | |
stimulus. Ben Bernanke and Janet Yellen have both said that the | :02:12. | :02:16. | |
economy is seeing recovery but it is not functioning at its top level. | :02:17. | :02:20. | |
They are Central Bank's role is crucial at this moment. | :02:21. | :02:27. | |
In Thailand hundreds of thousands of NT Government protesters are | :02:28. | :02:32. | |
preparing to taken the streets to oust the Prime Minister Yingluck | :02:33. | :02:36. | |
Shinawatra and put in an unelected council. The country's vast tourism | :02:37. | :02:43. | |
industry are starting to feel the heat. Our south-east Asian | :02:44. | :02:50. | |
correspondent reports from Bangkok. Thailand's pot of gold that keeps on | :02:51. | :02:57. | |
giving. Tourism has continued to grow through political and economic | :02:58. | :03:02. | |
upheaval. It accounts for more than 7% of the entire economy. Visitor | :03:03. | :03:08. | |
numbers were up 20% last year. That is, until December. A sudden drop. | :03:09. | :03:16. | |
Anti-government protests continued in Bangkok week after week. The | :03:17. | :03:22. | |
group also and were able to challenge and at times trace of the | :03:23. | :03:27. | |
police. Nobody can guess now how this will end. -- able to chase off | :03:28. | :03:35. | |
police. Until now, protests have been a bit more than an | :03:36. | :03:41. | |
inconvenience and sometimes even an unexpected attraction but the total | :03:42. | :03:44. | |
shutdown planned for next week will have a far more serious impact on | :03:45. | :03:49. | |
the city's economy. What is more worrying is the country's steady | :03:50. | :03:53. | |
drift into a more violent and protracted conflict that could drive | :03:54. | :03:59. | |
big investors and manufacturers to reconsider their commitment to | :04:00. | :04:04. | |
Thailand. Electronics, for example, are worth $20 billion a year. That | :04:05. | :04:08. | |
is more than one quarter of the X was that Thailand depends on | :04:09. | :04:16. | |
heavily. -- exports. They are not easy to move elsewhere. If they do, | :04:17. | :04:23. | |
they won't come back quickly. Outside Bangkok, the turmoil is | :04:24. | :04:27. | |
scarcely visible. There is no reason yet to avoid the beach resorts. Even | :04:28. | :04:34. | |
they can't be completely insulated from an intractable conflict which | :04:35. | :04:42. | |
is threatening to tear the country and how. | :04:43. | :04:49. | |
South Korea Samsung Electronics has forecast its operating profit for | :04:50. | :04:54. | |
the three months to the scene last year fell by 18% to about $7.8 | :04:55. | :04:58. | |
billion. This is compared to the previous quarter. We got this report | :04:59. | :05:03. | |
from the biggest maker of mobile phones and TVs. Four other news, log | :05:04. | :05:13. | |
on to the BBC website and click on the business index will -- business | :05:14. | :05:23. | |
index. An effort to slow growing debt in China and regulate the | :05:24. | :05:26. | |
lending practices will stop shadow banking is a channel in which an | :05:27. | :05:30. | |
actual institutions provide formal sources of loans for businesses will | :05:31. | :05:34. | |
stop earlier I spoke to a correspondent about China's debt | :05:35. | :05:40. | |
concerns. Total debt to GDP in China is | :05:41. | :05:44. | |
running at about 200%. This is very high for a developing economy. There | :05:45. | :05:51. | |
is concern for financial instability particularly as a lot of the debt is | :05:52. | :06:01. | |
in the so-called shadow sector designed to circumvent the normal | :06:02. | :06:06. | |
banking regulations. In this report, it aims to tackle this and the risk. | :06:07. | :06:13. | |
It is all a part of China's strategy to get away from a model of growth | :06:14. | :06:17. | |
based on this very high level of borrowing and investment and moving | :06:18. | :06:19. | |
to something more sustainable, a model of growth based on consumer | :06:20. | :06:23. | |
spending. How do these guidelines Capecchi | :06:24. | :06:28. | |
shadow banking rules and other nations ? | :06:29. | :06:35. | |
-- compare to shadow banking rules. Since the financial crisis, shadow | :06:36. | :06:43. | |
banking, more conflux products have come in for concern. There is | :06:44. | :06:48. | |
concern that this lending can compose risks of instability. China | :06:49. | :06:55. | |
is bringing itself into line with other economies. People have pointed | :06:56. | :07:00. | |
out that the tone of the regulations is evenhanded. It is not trained to | :07:01. | :07:05. | |
do away with a shadow banking, it is trying to regulate it and bring it | :07:06. | :07:07. | |
into a more formal setting, recognising that in a diverse | :07:08. | :07:16. | |
economy, you need diversity and the ability for people to go to other | :07:17. | :07:20. | |
sources if they can't get money from the banks, for example. This is | :07:21. | :07:25. | |
China's way, some people would say, of moving towards economic reform | :07:26. | :07:30. | |
which is all geared towards the shift to a consumer driven economy. | :07:31. | :07:40. | |
CSX is a taboo subject in Malaysia. It is a conservative country. -- | :07:41. | :07:45. | |
safe sex was up it is home to the world's this condom maker. | :07:46. | :07:57. | |
For every ten condoms produced in the world, at least one comes from | :07:58. | :08:04. | |
Malaysia. It is likely that you have never heard of the company before. | :08:05. | :08:08. | |
Karex. They merely produce for international brands. Here, for | :08:09. | :08:12. | |
example, they are producing chocolate flavoured condoms destined | :08:13. | :08:17. | |
for Brazil. A third of the condoms and leave this factory go to the | :08:18. | :08:21. | |
United Nations and governments. The promote safe sex and they want | :08:22. | :08:24. | |
condoms that are as attractive as possible. | :08:25. | :08:29. | |
Even countries like Indonesia have requested flavoured condoms. | :08:30. | :08:34. | |
Durian flavoured? Yes. That is stinky fruit. We also have one | :08:35. | :08:41. | |
client and Amsterdam that wanted a narrow one flavoured condom. | :08:42. | :08:46. | |
Marijuana ? May I ask how you got that extract ? | :08:47. | :08:50. | |
It as synthetically flavoured. You don't get any tax from that. | :08:51. | :08:59. | |
Karex has to be innovative. Its costs are low. It cannot directly | :09:00. | :09:05. | |
advertise to consumers in its country. | :09:06. | :09:08. | |
Today, young people are very connected to the Internet. The | :09:09. | :09:16. | |
access of smart phones has made it their way. We can look into getting | :09:17. | :09:23. | |
greater information about our products. | :09:24. | :09:25. | |
A sense of humour has also kept this family firm in business for four | :09:26. | :09:29. | |
generations. It trickles down to the factory floor. Here, workers check | :09:30. | :09:33. | |
every condom for calls before it is sold. | :09:34. | :09:38. | |
Is it fun? Yes. What about customer feedback ? | :09:39. | :09:45. | |
People like to tell me, your condom doesn't fit me. I say, you can come | :09:46. | :09:49. | |
to my factory and I will fit you. If you look at the size of the condom, | :09:50. | :09:53. | |
the thing is, it will fit practically everybody, even your | :09:54. | :09:56. | |
whole body. That is something I hope not to try! | :09:57. | :10:06. | |
That was Malaysia. The fully go, here is a look at the markets. As | :10:07. | :10:14. | |
you can see, most Asian stocks are trading higher in mid-morning | :10:15. | :10:17. | |
Tuesday trade after activities are slightly higher in the US overnight. | :10:18. | :10:21. | |
Janet Yellen was confirmed by the Senate as the Federal chairwoman. | :10:22. | :10:30. | |
South Korea's currency is up by ten points. But in the upward trend is | :10:31. | :10:33. | |
Japan, down by 80 points. Headlines: Millions of people across | :10:34. | :10:51. | |
large parts of the United States and Canada are being warned to stay in | :10:52. | :10:54. | |
doors to avoid extremely cold weather. Cabbages are forecast for | :10:55. | :11:04. | |
-40 degrees. There are fears that militants linked to Al-Qaeda could | :11:05. | :11:06. | |
establish | :11:07. | :11:07. |