Browse content similar to 30/01/2014. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
sovereignty but retain the sterling. The Scottish government wants to | :00:00. | :00:00. | |
keep the pound if it breaks away. Now time for the latest business | :00:00. | :00:00. | |
news live from Singapore. America's Central bank continues to | :00:00. | :00:22. | |
reduce its supply of cheap money, reining in its massive bond buying | :00:23. | :00:25. | |
scheme. As China becomes the board's biggest market for red wine | :00:26. | :00:31. | |
consumption, we find out how producers are making the most out of | :00:32. | :00:37. | |
it. Thank you for watching. The Asian business report. The kick off | :00:38. | :00:43. | |
with the American central bank reducing its monthly bond buying | :00:44. | :00:47. | |
stimulus programme by $10 million to 65 billion, staying with its plan to | :00:48. | :00:52. | |
cut back the supply of cheap money will stop the Federal reserve said | :00:53. | :00:56. | |
economic growth had picked up since December. The move was expected but | :00:57. | :01:02. | |
the US share prices fell overnight on the news. In Asia, Tokyo is down | :01:03. | :01:07. | |
more than 3%, that is 500 points, following the tumble in New York and | :01:08. | :01:11. | |
worries over turbulence in emerging markets in addition to the Fed's | :01:12. | :01:15. | |
decision to cut stimulus ending. Australia is giving back more than | :01:16. | :01:22. | |
1%, those 53 points, in the Hong Kong stock market that is losing | :01:23. | :01:28. | |
about 326 points at 1.5%. South Korea is closed G2 the lunar New | :01:29. | :01:37. | |
Year holiday. What this suggests is that the | :01:38. | :01:49. | |
struggles in the emerging markets while important to keep an eye on in | :01:50. | :01:54. | |
terms of the US economy, it does not pose a really big threat, that is | :01:55. | :01:58. | |
why I think you're seeing the Federal reserve continuing on with | :01:59. | :02:02. | |
the reduction in its acid purchases. It really went on to talk about the | :02:03. | :02:07. | |
strengths in the US economy, it is actually, economic activity is | :02:08. | :02:13. | |
gaining steam here, we are seeing consumer confidence increasing, we | :02:14. | :02:16. | |
seek operation starting to hire again and there is a sense in this | :02:17. | :02:21. | |
country that the economy is getting a little bit better. They foresee | :02:22. | :02:25. | |
that to be happening in the future which is why you see the Federal | :02:26. | :02:28. | |
reserve deciding to continue with its plans to scale back its support | :02:29. | :02:33. | |
of the American economy. With the scaling back of the bond buying | :02:34. | :02:37. | |
programme, there were no surprises, the Fed stayed the course, the | :02:38. | :02:42. | |
market still reacted to the downside they were expecting this. It is | :02:43. | :02:48. | |
interesting because one of the reasons why the Fed, the third felt | :02:49. | :02:56. | |
comfortable with the reduction. If you look at the last time the | :02:57. | :03:00. | |
Federal reserve announced the reduction, the stock market took the | :03:01. | :03:05. | |
information quite well. This time we saw the markets here in the United | :03:06. | :03:11. | |
States fell by 8% or even more. -- a percentage point or more. That has | :03:12. | :03:16. | |
to do with corporate earnings of less than anticipated and also the | :03:17. | :03:21. | |
strain we are seeing in emerging markets, that is putting some | :03:22. | :03:24. | |
pressure on markets here in the United States. In other business | :03:25. | :03:29. | |
News, making headlines, in a surprise move, Google sold | :03:30. | :03:42. | |
Motorola. They bought it for $2.5 billion in 2012. They have made a | :03:43. | :03:47. | |
loss. They will keep several lucrative patents, including the | :03:48. | :03:50. | |
android smartphone and the tablet software. In a statement, they said | :03:51. | :03:58. | |
the smart phone market is complex. Shares in Facebook sorry more than | :03:59. | :04:06. | |
10% in after-hours trading after the company reported | :04:07. | :04:08. | |
better-than-expected profits for the three months ending in December. The | :04:09. | :04:13. | |
company recorded revenues of $522 million for the quarter and that is | :04:14. | :04:18. | |
a city 3% increase from the year before. -- city 3%. The blues came | :04:19. | :04:22. | |
from strong mobile advertising sales. Shares in Japanese game | :04:23. | :04:32. | |
console maker Nintendo are climbing by 7% in Tokyo trade today after the | :04:33. | :04:35. | |
videogames maker said it would buy back about $1.2 billion worth of its | :04:36. | :04:43. | |
outstanding shares. Nintendo which reportedly has diving prophet said | :04:44. | :04:48. | |
its executives would take a pay cut it to make amends for its poor | :04:49. | :04:52. | |
performance. The firm is to announce a new strategy later today. Fresh | :04:53. | :04:56. | |
growth darter from the Philippines reveals its economy expanded by 6.5% | :04:57. | :05:00. | |
in the final call -- quarter of 2013, beating most expectations. | :05:01. | :05:08. | |
Done from a 6.9% gain in the previous quarter. The expansion | :05:09. | :05:11. | |
comes despite the impact of tough and high-end which shocked the | :05:12. | :05:16. | |
country in November. -- tough and high-end. Repair works costing $8 | :05:17. | :05:27. | |
billion could provide a boost to the economy in 2014. Earlier I asked | :05:28. | :05:35. | |
what else would drive the Philippine economy in 2014. One of the positive | :05:36. | :05:40. | |
point of the economy is that public and stroke -- consumption remain | :05:41. | :05:46. | |
strong. That should continue to support the economy in 2014. Another | :05:47. | :05:51. | |
positive for the economy is we are seeing revival in manufacturing. The | :05:52. | :05:54. | |
manufacturing roof came into double digits. It should benefit from the | :05:55. | :06:01. | |
better global growth this year. Manufacturing has been one of the | :06:02. | :06:06. | |
weaker points of the Philippine economy that has been driven by | :06:07. | :06:10. | |
remittances from overseas and the surging growth of the outsourcing | :06:11. | :06:14. | |
industry. That is wide. -- right. We need to remember the infrastructure | :06:15. | :06:24. | |
that should continue to drive growth. We expect that to continue | :06:25. | :06:30. | |
this year, especially with the reconstruction efforts taking place | :06:31. | :06:34. | |
in the affected areas by the typhoon. In South Africa, the | :06:35. | :06:48. | |
central bank has raised 25 1/2% the interest rate. The bank was by | :06:49. | :06:53. | |
Governor said the global financial crisis was entering a new phase. | :06:54. | :06:57. | |
There were new challenges for emerging market economies. She said | :06:58. | :07:01. | |
the depreciation of the South African currency and its exchange | :07:02. | :07:05. | |
rate was a primary cause of the red Riders. Boeing saw profits mean 26% | :07:06. | :07:14. | |
to $23 billion in the three months to December as it delivered more | :07:15. | :07:17. | |
commercial aircraft. The shares fell at early training, the future | :07:18. | :07:22. | |
revenue and profits would be lower than had been forecast. The company | :07:23. | :07:27. | |
said that it expected to deliver up to 725 air planes this year, a 10% | :07:28. | :07:35. | |
increase on 2013. China has overtaken France and Italy to become | :07:36. | :07:39. | |
the wobbles like biggest consumer of red Lion. -- red wine. The wine | :07:40. | :07:46. | |
market in Asia is set to become as big as the United States within | :07:47. | :07:50. | |
three years. We look at how some companies will crack into the market | :07:51. | :07:55. | |
as the region's appetite for wine develops. Preparing for a dinner | :07:56. | :07:58. | |
party is not always easy, especially for Kelly Lynn who wants to serve an | :07:59. | :08:05. | |
unusual dish called Fish head curry. It is popular in Singapore but like | :08:06. | :08:08. | |
many Asian specialties, it is difficult to pair with wine. She is | :08:09. | :08:12. | |
turning to a bespoke Internet site to ask producers for help. I am more | :08:13. | :08:20. | |
of a social drinker. He was great to help me with planning like dinner | :08:21. | :08:29. | |
parties for my friend. Asiafirst for wine is developing, fuelled by | :08:30. | :08:36. | |
demand, sales across the region amounted to $28 billion per year. In | :08:37. | :08:41. | |
Asia, red wine is a lot more popular than white wine, even in the | :08:42. | :08:45. | |
tropics, one reason for that is the colour red is seen as more | :08:46. | :08:50. | |
auspicious, so the demand for red over white is something that | :08:51. | :08:52. | |
produces looking to increase their market share here need to keep on | :08:53. | :08:58. | |
top of their mind. 29 -year-old Paul Durkin is the founder of one | :08:59. | :09:05. | |
family, a website where people can showcase in select products for | :09:06. | :09:11. | |
free. With global Internet sales worth $5 billion per year, he says | :09:12. | :09:14. | |
is for them to connect with buyers online. In Indonesia and Malaysia, | :09:15. | :09:20. | |
while consumption of wine is one, the use of social media is extremely | :09:21. | :09:26. | |
high. This is where people want to engaged. 15 wine makers and | :09:27. | :09:31. | |
distributors now use the website, here, one of the world's biggest | :09:32. | :09:38. | |
producers, staff are looking to add new wines to their online store. | :09:39. | :09:42. | |
That is because last year's sales in Singapore rose 4% by being part of | :09:43. | :09:48. | |
one family for a month. Our consumers tend to be younger, they | :09:49. | :09:52. | |
tend to be people who are not engaged in the more traditional | :09:53. | :09:56. | |
media forms like Prince but these people are very importantly looking | :09:57. | :09:59. | |
at social media is the key influence on their purchasing decisions. | :10:00. | :10:03. | |
Despite Asia's reference for red wine, I can carry's apartment, they | :10:04. | :10:10. | |
are white wine with their curry. Since you're the recommendation for | :10:11. | :10:14. | |
the wireline, it highlights the potential of the Internet in | :10:15. | :10:18. | |
changing Asian palates and the winds that people buy. -- winds. Make sure | :10:19. | :10:25. | |
you talk at the revamped Asian News plays which will feature more news | :10:26. | :10:29. | |
from around the region. The Canadian pop star Justin Bieber | :10:30. | :10:48. | |
has turned himself into police in Toronto on charges relating to | :10:49. | :10:51. | |
allegations of an assault on a limousine driver in December. A | :10:52. | :10:56. | |
freak snowstorm that hit state in the US did | :10:57. | :10:57. |