Browse content similar to 21/05/2014. Check below for episodes and series from the same categories and more!
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in Syria. Mashudur Choudhury was found to have travelled there to | :00:00. | :00:00. | |
join the training camp. Now for the business news live in Singapore, | :00:00. | :00:00. | |
with Rico Hizon. China and Russia have yet to sign a | :00:00. | :00:17. | |
400,000,000,000`dollar energy deal over a price dispute. Japan posts a | :00:18. | :00:26. | |
trade shortfall for a 22nd straight month due to its dependence on | :00:27. | :00:33. | |
foreign gas. 400,000,000,000`dollar energy deal. | :00:34. | :00:38. | |
We are still waiting to hear if a huge deal will be signed for Russia | :00:39. | :00:43. | |
to begin supplying gas to China. Russia's president, Vladimir Pugin, | :00:44. | :00:48. | |
is in Shanghai as part of his first trip to the mainland since President | :00:49. | :00:53. | |
Xi Jinping took office. Talks have been going on for a decade, but | :00:54. | :00:57. | |
pressure from the West over actions in Ukraine have meant that Russia is | :00:58. | :01:02. | |
keen to nurture a big new customer. China is already Russia's largest | :01:03. | :01:06. | |
single trading partner, with bilateral trade between the two | :01:07. | :01:09. | |
giants coming to 90 billion US dollars last year. But the | :01:10. | :01:14. | |
neighbours want to double that to 200 billion the end the decade. I | :01:15. | :01:21. | |
spoke to a member of the energy studies Institute, asking him | :01:22. | :01:23. | |
whether he thinks China will pay for the gas deal. It can afford the | :01:24. | :01:32. | |
price, it is already paying high prices from Turkmenistan, it is | :01:33. | :01:38. | |
whether it is willing to pay the price. What are the other | :01:39. | :01:41. | |
alternatives for China if they don't close this deal, which has been | :01:42. | :01:45. | |
going on now for ten years? It can boost other sources of gas. Gas from | :01:46. | :01:51. | |
Central Asia, and imported gas by ship as liquefied natural gas. At | :01:52. | :01:55. | |
home, it is already building lots of cold gas plants, and it is trying to | :01:56. | :02:01. | |
develop shale gas. What about for Russia? Of a desperate to sign this | :02:02. | :02:06. | |
deal, and if the deal is not signed, what invitations will there be? I | :02:07. | :02:10. | |
think politically it is very important for Vladimir Putin to show | :02:11. | :02:13. | |
to Europe that it has other potential customers. But I think | :02:14. | :02:18. | |
domestically it wants to develop these fields in the East, these gas | :02:19. | :02:23. | |
fields, and it wants to develop the region in eastern Siberia. It wants | :02:24. | :02:27. | |
this deal for political and economic purposes. In economic news, Japan's | :02:28. | :02:36. | |
trade deficit shrank to $8 billion in April, after lower consumer | :02:37. | :02:42. | |
spending and a reduced the man for imports. They rose by 3.4% from a | :02:43. | :02:48. | |
year ago, the list in 16 months. Exports showed a pickup, rising 5.1% | :02:49. | :02:54. | |
from earlier, compared to estimates for a 4.8% gain. Earlier I spoke to | :02:55. | :02:59. | |
Japan economist to get his take on the numbers. The overall trade | :03:00. | :03:04. | |
balance is more in the miners and the negative than expected, but for | :03:05. | :03:09. | |
once, it is a good result, because it shows that imports remain strong | :03:10. | :03:13. | |
in Japan. They have been very high, because people have been buying in | :03:14. | :03:17. | |
March to fill up on anything that gets more costly without sales tax | :03:18. | :03:23. | |
hike in April. Compared to last year, overall imports are still at | :03:24. | :03:29. | |
plus 3%, that is a very strong result and shows that demand in | :03:30. | :03:34. | |
Japan remains high on the economy is doing comparatively well. What are | :03:35. | :03:36. | |
we likely to see from the main numbers? What we see so far is that | :03:37. | :03:44. | |
exports are increasing as well. This has been one big concern, because | :03:45. | :03:48. | |
demand the Japan has been boosted unofficially over the last year, | :03:49. | :03:53. | |
with monetary policy and fiscal policy and the sales tax hike, but | :03:54. | :03:56. | |
now we see that exporters are pushing forward, going into overseas | :03:57. | :04:00. | |
markets again, as demand is lower in Japan so the overall result is | :04:01. | :04:04. | |
balanced and positive. For Abenomics to be able to be successful in the | :04:05. | :04:09. | |
medium to longer term, we have to see now the PM instituting | :04:10. | :04:13. | |
structural reforms to sustain this growth. That is now one point. We | :04:14. | :04:19. | |
will have an announcement from the Bank of Japan today, and many people | :04:20. | :04:23. | |
have been hoping it would be pushing further, rescuing the economy even | :04:24. | :04:27. | |
more, but there is no rescuing being needed so far. There might be very | :04:28. | :04:31. | |
little extra on that site, and for Abenomics we are hoping for | :04:32. | :04:35. | |
structural reform. Cutting corporate taxes, boosting sectors by | :04:36. | :04:38. | |
deregulation, and the government going into a more relaxed mode, | :04:39. | :04:42. | |
where discussions will come up with less than would be needed. That | :04:43. | :04:49. | |
would be a negative. In other business news, General Motors is | :04:50. | :04:51. | |
recalling another 2.6 million vehicles. This is because of | :04:52. | :04:57. | |
possible defects. It includes faulty seatbelts, transmissions, airbags | :04:58. | :05:01. | |
and fire issues. The US motor giant has recall 50 million cars in total | :05:02. | :05:10. | |
this year. TGI Friday's has been sold to a private equity firm, | :05:11. | :05:14. | |
according to the Wall Street Journal. Two companies paid more | :05:15. | :05:21. | |
than $800 million for the fast food chain. TGI Friday's can be found in | :05:22. | :05:25. | |
50 countries, and posted global scales of nearly $3 billion last | :05:26. | :05:31. | |
year. Pfizer is still looking to take control of AstraZeneca, after | :05:32. | :05:36. | |
the second takeover bid was rejected. According to reports, | :05:37. | :05:40. | |
Pfizer is vying to get support for its 117,000,000,000`dollar offer | :05:41. | :05:48. | |
from AstraZeneca shareholders. The offer was turned out on Tuesday, | :05:49. | :05:52. | |
saying it was too low and did not account for the value of future | :05:53. | :05:55. | |
medicine. A deal between the two companies would have created the | :05:56. | :06:07. | |
world's biggest drugs group. Findings from the anticorruption | :06:08. | :06:15. | |
group, transparency International, have found severe corruption in | :06:16. | :06:19. | |
India. They are hoping that the new government will lead the charge in | :06:20. | :06:23. | |
dealing with this. First of all, I believe that all of the government | :06:24. | :06:27. | |
in Asia will need to send a strong message that politics will be kept | :06:28. | :06:36. | |
away from the public sector and all the institutions. A clear message | :06:37. | :06:43. | |
will need to be sent out to all the stakeholders. In India particularly, | :06:44. | :06:47. | |
a new act will need to be implemented, and that is what the | :06:48. | :06:51. | |
Indian people have been looking for for some time. It is time now to | :06:52. | :06:57. | |
are a number of laws that are are a number of laws that are | :06:58. | :07:00. | |
waiting to be passed in India, and these need to be put in place at the | :07:01. | :07:03. | |
very first priority. Those will be some of the first few steps that | :07:04. | :07:09. | |
need to be taken immediately, especially into the new Narendra | :07:10. | :07:12. | |
Modi government, where people are looking forward to seeing changes. | :07:13. | :07:23. | |
Asian nations are increasingly looking to Australia to help feed | :07:24. | :07:26. | |
the growing populations. Beef and fresh vegetables make up much of the | :07:27. | :07:31. | |
demand even though Australia is relying on growth in the | :07:32. | :07:33. | |
agricultural sector to help secure its economic future. One product | :07:34. | :07:37. | |
reflecting the increased demand is the export of live goats and | :07:38. | :07:43. | |
goatmeat. Phil Mercer has more from Cobar in New South Wales. | :07:44. | :07:46. | |
In Australia's rugged outback, vast numbers of wild goats. Feral | :07:47. | :07:53. | |
herds have become part of a lucrative and growing industry. | :07:54. | :07:58. | |
Australia is the world's largest exporter of goatmeat, and suppliers | :07:59. | :08:02. | |
believe the industry is about to experience a boom. I can see a | :08:03. | :08:08. | |
doubling. It has just got that potential to keep growing, with the | :08:09. | :08:16. | |
amount of feral goats. They say the Western division has a population of | :08:17. | :08:18. | |
anywhere between one million and 2 million. A huge number of goats can | :08:19. | :08:25. | |
be supplied. 100,000 votes a protest at this depot in Cobar in New South | :08:26. | :08:30. | |
Wales, court usually by farmers who consider them to be a pest `` goats | :08:31. | :08:39. | |
are processed. It is either sold to domestic consumers here in Australia | :08:40. | :08:42. | |
or to a growing international market. There is also a thriving | :08:43. | :08:51. | |
trade in farm animals. These meaty specimens on a property near the | :08:52. | :08:57. | |
town of Orange are a robust variety brought to Australia from South | :08:58. | :09:00. | |
Africa in the 1980s. They are part of a growing business, sending live | :09:01. | :09:06. | |
exports to Asia. We mainly sell to Malaysia and Thailand, but our goats | :09:07. | :09:11. | |
mainly gopher breeding, so the people who come here to look at my | :09:12. | :09:16. | |
animals are looking for a good`quality stud animal that will | :09:17. | :09:18. | |
fit into what their breeding programme is `` go for. | :09:19. | :09:28. | |
popular markets include Singapore and Brunei. It is a multi` | :09:29. | :09:30. | |
million`dollar trade in meat that has risen sharply in recent years. | :09:31. | :09:34. | |
Australian goat exports have doubled in the past decade. While much is | :09:35. | :09:41. | |
sold to the US, there is a growing appetite in Asia. We have seen | :09:42. | :09:46. | |
recent export orders coming from such countries, Malaysia, China, | :09:47. | :09:53. | |
Maria, the Philippines, and prices have lifted up phenomenally. It | :09:54. | :09:58. | |
seems to be getting bigger and bigger each week, each month and | :09:59. | :10:04. | |
each year. The industry has had its problems with inconsistent supply | :10:05. | :10:08. | |
and quality. But both suppliers here insist that their animals are among | :10:09. | :10:12. | |
the best in the world, and are boosting not only the Australian | :10:13. | :10:15. | |
economy, but are helping to feed and ever hungrier Asia. | :10:16. | :10:25. | |
Before we go, don't forget to follow us on Twitter. Thank you for joining | :10:26. | :10:28. | |
us. Our top stories: At least 118 people | :10:29. | :10:42. | |
have died in two explosions in the Nigerian city of Jos. He hit the | :10:43. | :10:48. | |
market and a hospital, what is believed to be the latest Boko Haram | :10:49. | :10:52. | |
attack. Thailand has woken up to its second day under martial law. The | :10:53. | :10:56. | |
caretaker PM has called for fresh elections to be held | :10:57. | :10:57. |