:00:00. > :00:00.identified the location of shale`bearing rock. Now on BBC News
:00:00. > :00:25.all the latest business news live from Singapore. After a strong jobs
:00:26. > :00:28.report spurs a record rally on Wall Street. And, from living room to
:00:29. > :00:33.boardroom, research is claimed playing videogames can help improve
:00:34. > :00:40.your business skills. Welcome to this Friday edition of Asia Business
:00:41. > :00:42.Report. We are seeing positive gains in Asian stock markets this morning,
:00:43. > :00:47.following encouraging news from the US jobs market. Japan, Korea,
:00:48. > :00:50.Australia, they are all flat to higher after the US reports that its
:00:51. > :01:00.unemployment rate fell to a six`year low of 6.1%. It spurred US stocks to
:01:01. > :01:02.new highs, with the Dow Jones industrial average breaking through
:01:03. > :01:13.the key 17,000 point level for the first time ever. But is the rally
:01:14. > :01:26.sustainable? Our reporter was in New York. Not everyone expected this
:01:27. > :01:29.kind of a jump. Most estimates were around 200,000 jobs added to the
:01:30. > :01:32.economy, and many didn't think the unemployment rate would change much.
:01:33. > :01:35.This comes as really good news, and we have been looking for the Dow
:01:36. > :01:39.Jones to go up about 17,000 for a couple of days, but it was the very
:01:40. > :01:48.positive jobs report that pushed it up into that territory. Despite what
:01:49. > :01:53.we are seeing in the economy, a lot of jobs have been created. A lot of
:01:54. > :01:56.the jobs that are being created are in fact part`time jobs, and there is
:01:57. > :01:58.still the problem of what Janet Yellen, the chairperson of the
:01:59. > :02:05.Federal Reserve, called the shadow unemployment. That is people who
:02:06. > :02:09.aren't looking for work at all. They have dropped out of even searching
:02:10. > :02:17.for a job, and that is a particular problem here in the US. Although we
:02:18. > :02:20.are seeing a lot more people that are being employed, we are not
:02:21. > :02:25.getting the kinds of jobs that they want. Earlier, I asked an economist,
:02:26. > :02:31.Tony Nash, for his take on the data. I think it is more of a cause for
:02:32. > :02:36.relief than celebration. It is very good news, and hopefully the start
:02:37. > :02:40.of a good trend in the US economy. It is a cause for relief, but we
:02:41. > :02:43.know that the first`quarter GDP contracted 3%, so there is a real
:02:44. > :02:46.concern, particularly here in Asia, with a lot of investors watching the
:02:47. > :02:49.US and manufacturers counting on US markets, so to what extent does the
:02:50. > :02:58.US continue to influence what happens here? It still does in a big
:02:59. > :03:09.way. Exports from Asia still go to the US as a large share of the
:03:10. > :03:12.export market. Many companies contribute a lot in terms of direct
:03:13. > :03:16.investment, and things for the large economies in Asia. There is a huge
:03:17. > :03:20.overlap between the benefits for those countries. Unfortunately, but
:03:21. > :03:24.what we are seeing is the rate of growth in countries like China to
:03:25. > :03:31.the US declining, while it grows almost 10% in the other direction.
:03:32. > :03:40.It was something like 14% last year, it is 6% this year. Those rates of
:03:41. > :03:45.growth of exports from Japan, China and other places are slowing this
:03:46. > :03:54.year. Tony Nash from Delta economics. In other business news,
:03:55. > :03:57.China and South Korea's presidents have agreed to sign a free`trade
:03:58. > :04:00.deal by the end of year. They also plan to allow direct trading of
:04:01. > :04:05.their currencies in order to deepen economic ties. The announcement came
:04:06. > :04:27.during a trip by the Chinese leader, Xi Jinping, to South Korea, which
:04:28. > :04:30.ends today. Sharp electronics may stop producing LCD TVs in Europe.
:04:31. > :04:33.Sharp is expecting to focus on Asian and American markets. They recently
:04:34. > :04:39.posted their annual first profit in three years. Next week, air India
:04:40. > :04:42.joined a coalition of more than two dozen carriers around the world,
:04:43. > :04:45.Star Alliance. It is a big move, given it was previously turned down
:04:46. > :04:49.for not being scratch. It continues to deal with huge debts and a
:04:50. > :05:08.history of labour unrest. It also faces a rising number of competitive
:05:09. > :05:11.rivals. The importance of the national carrier is that it provides
:05:12. > :05:13.connectivity that others don't. Look at the biggest airline of this
:05:14. > :05:16.country, they provide connectivity to about 30 destinations in the
:05:17. > :05:20.country. Air India provides connectivity to 63 places in the
:05:21. > :05:33.country. If there was no national carrier, who would connect these
:05:34. > :05:37.places? You are the only airline where the government has pumped in
:05:38. > :05:40.so much money to bail you out. Critics have asked the question
:05:41. > :05:43.repeatedly that you have got a lot of taxpayer money, and why should
:05:44. > :05:46.Air India be entitled to that? What is your reaction? All owners of
:05:47. > :05:50.companies pump in money, somebody's money has to go into a company for
:05:51. > :05:53.it to run successfully. In this case, it is government money that is
:05:54. > :06:02.being pumped in, after all the transport companies. Whether it is
:06:03. > :06:05.railways, whether it is a state transport companies, look at the
:06:06. > :06:08.power companies which are run by the government. It is taxpayer money
:06:09. > :06:14.ultimately that goes into it. Too much is made of this in the case of
:06:15. > :06:24.Air India. What is your turnaround plan for Air India? How do you plan
:06:25. > :06:28.to restructure the company? Costs are the most important thing. If the
:06:29. > :06:32.company does not cut costs we cannot keep going infinitely. We have been
:06:33. > :06:34.trying to do that, and we have made substantial savings as far as
:06:35. > :06:44.employee costs are concerned. Our productivity has gone up 29% in the
:06:45. > :06:47.last three years. The second important thing is the 787, which
:06:48. > :06:50.will cut down on fuel bills. That should make a difference to our
:06:51. > :06:54.economics. The third important thing is basically that we can see that a
:06:55. > :06:57.network is rational. You can catch more of that interview with the
:06:58. > :07:09.managing director of Air India this weekend. For those of you out there
:07:10. > :07:12.who love plain computer games, you will are probably sick and tired of
:07:13. > :07:15.people telling you you are wasting your time. Researchers in Singapore
:07:16. > :07:18.have found that some games could help you develop the skills you need
:07:19. > :07:20.for a successful career. Problem`solving, planning and
:07:21. > :07:22.decision`making, these are highly sought`after skills in any
:07:23. > :07:35.boardroom. You can learn these by going to business school or climbing
:07:36. > :07:37.away up the ladder. But a new study done here at this technological
:07:38. > :07:42.university suggests playing videogames can develop these skills
:07:43. > :07:45.as well. With the now is Michael Pattison, the senior author of the
:07:46. > :07:49.study. You have highlighted this game. How does this develop your
:07:50. > :07:52.mental abilities? Unlike most games, in this game, before you start you
:07:53. > :07:59.need to plan what you are doing next. Most games, you fire when you
:08:00. > :08:03.see an enemy, but in this game I have to plan, OK, what is the
:08:04. > :08:16.sequence I can do in order to get the candy into the creature's now.
:08:17. > :08:19.`` mouth. In the business world we often have a steel where we plan
:08:20. > :08:24.what we will say next. The situation may change, we need to be more
:08:25. > :08:28.reactive to situations. This is a game in which a strategy that worked
:08:29. > :08:31.in the previous level won't work in the next level. How relevant is this
:08:32. > :08:34.when there are not the same pressures you face in a boardroom?
:08:35. > :08:37.One element of this game is that if you keep trying you will be
:08:38. > :08:40.successful. Try different methods. That can work in business. If you
:08:41. > :08:43.are designing a new product, and the manufacturing didn't work the first
:08:44. > :08:46.time, you can try a different approach. Sometimes it may seem
:08:47. > :08:49.stressful and you might not think you can get through, but if you keep
:08:50. > :08:53.persisting you will survive, and if you don't succeed you learn how to
:08:54. > :08:57.deal with failure, because in the game many times you fail. Like in a
:08:58. > :09:00.boardroom, your pitch may not be successful but you can find a
:09:01. > :09:09.different boardroom, so it teaches mental toughness. The bad news for
:09:10. > :09:14.gamers is that not all videogames will help you develop these specific
:09:15. > :09:17.skills. The important thing is to play complex puzzle games if you
:09:18. > :09:34.want to think more creatively on your feet. As cashless transactions
:09:35. > :09:37.come more common, big bank notes will be harder to find. This is a
:09:38. > :09:54.specimen of Singapore's $10,000 note. If it were real, it would be
:09:55. > :09:57.worth $8000 US. It will be taken off the printing presses from the 1st of
:09:58. > :10:01.October, in a move to lower with the risk of money laundering. In the US,
:10:02. > :10:04.the biggest note currently printed is the $100 bill, while in the UK
:10:05. > :10:06.the highest denomination is only ?50, worth 85 US dollars. In
:10:07. > :10:16.Switzerland, the biggest banknote you will find his 1000 Swiss francs,
:10:17. > :10:21.which is worth about $1125. The biggest bill in Indonesia is the
:10:22. > :10:32.100,000 note. It would make you feel rich. That is fascinating about what
:10:33. > :10:44.you can learn about notes around the world. There is more on our website.
:10:45. > :10:47.Thank you for watching. A bridge has collapsed in the Brazilian city of
:10:48. > :10:54.Belo Horizonte, killing at least two people. 19 are injured. It is feared
:10:55. > :10:56.more may be trapped in their vehicles under the