:00:14. > :00:19.The top story: After North Korea's latest nuclear test, a warning from
:00:20. > :00:23.the Japanese Prime Minister. Speaking at the UN, Shinzo Abe
:00:24. > :00:27.demanded the world find new ways to stop the threat from Kim Jong-un's
:00:28. > :00:30.regime. The American Secretary of State
:00:31. > :00:35.calls for a no-fly zone to be imposed over key areas of Syria,
:00:36. > :00:38.amid entrench divisions at the UN Security Council over who is
:00:39. > :00:40.responsible for the collapse of the recent ceasefire.
:00:41. > :00:46.And this story is trending online. Madame Tussaud's's Museum in London
:00:47. > :00:51.has wasted no time in separating the wax work models of Angelina Jolie
:00:52. > :00:54.and Brad Pitt. It moved them apart within hours of the news that the
:00:55. > :00:58.couple had filed for divorce. That's it from me. More to come on BBC
:00:59. > :01:12.World News. The top story in the UK: Jeremy
:01:13. > :01:18.Corbyn says he wants to wipe the slate clean if he retains his vision
:01:19. > :01:25.as Labour leader. Voting has closed. The result will be due on Saturday.
:01:26. > :01:34.Now it is time for Asia Business Report.
:01:35. > :01:43.The Federal Reserve stands back, but will the Reserve Bank give any clues
:01:44. > :01:49.about when it will raise interest rates?
:01:50. > :01:54.Where rubber meet the road. Efforts to reduce HIV among truck drivers in
:01:55. > :02:00.India. Good morning! Hello, world. Glad you
:02:01. > :02:04.could join us for this edition of Asia Business Report. I'm Rico
:02:05. > :02:12.Hizon. Also ahead, we will speak to the chief executive of a company,
:02:13. > :02:17.regarding the latest report on milk prices. In the US, America's central
:02:18. > :02:21.bank has decided now is not the time. The Fed failed to move on
:02:22. > :02:25.interest rates for a sixth straight meeting and this follows a similar
:02:26. > :02:30.decision by the bank of Japan. The bed is hinting that there are still
:02:31. > :02:34.could be a rise at the end of the year.
:02:35. > :02:39.More from Washington. The US Federal Reserve has decided to hold off
:02:40. > :02:44.against raising interest rates this month. But it wasn't an easy
:02:45. > :02:50.decision. Over two days members of the community debated and the -- of
:02:51. > :02:55.the ten voting members three voted in favour of a rate rise this month.
:02:56. > :02:59.This kind of division among members of the Federal Reserve is especially
:03:00. > :03:03.rare as they like to present a unanimous front. While the case for
:03:04. > :03:08.a rate rise is really strengthening, the chair of the US Federal Reserve,
:03:09. > :03:11.Janet Yellen, really wants to see the economy doing better before
:03:12. > :03:16.making the move. The labour market is strengthening, but inflation
:03:17. > :03:21.remains just a little too low to take action. And going forward the
:03:22. > :03:26.Federal Reserve believes the US economy will still grow, but at a
:03:27. > :03:32.slightly slower pace than they had anticipated at the beginning of this
:03:33. > :03:36.year. So the question is, if not now, when? The Fed hints and rate
:03:37. > :03:41.rise could come at the end of this year, but there are two meetings
:03:42. > :03:45.left, one of which comes within days of the US presidential election.
:03:46. > :03:53.This leaves December as the Fed's last chance for pretty 16. -- 2016.
:03:54. > :03:56.Will this decision is that the central bank decisions in the
:03:57. > :04:00.Philippines and Indonesia, which meet later today? I put that
:04:01. > :04:07.question to an Asian economist with HSBC. We expect a cut in Indonesia
:04:08. > :04:11.and we expect the Philippines to remain on hold. These are two
:04:12. > :04:16.economies that are probably among the strongest in Asia right now, but
:04:17. > :04:19.are facing very different liquidity conditions domestically. In
:04:20. > :04:24.Indonesia, while sentiment is positive we see inflows from foreign
:04:25. > :04:30.investors and from Indonesians, as they have the tax amnesty. But
:04:31. > :04:35.generally bank Indonesia wants to increase growth, and liquidity in
:04:36. > :04:39.the domestic economy at a rate cut will do the trick for that, we see
:04:40. > :04:43.Ben Cutting today. In the case of the Philippines, the liquidity is
:04:44. > :04:48.very robust right now and domestic growth will actually accelerate over
:04:49. > :04:52.the coming quarter, we think on the back of increased infrastructure and
:04:53. > :04:55.investment and fiscal spending by the government. Speaking of policy
:04:56. > :04:58.decisions, New Zealand's central bank decided to hold fire on
:04:59. > :05:05.increasing interest rates. The reserve bank of New Zealand met
:05:06. > :05:09.benchmark borrowing costs at 2%, which was widely expected. Shares
:05:10. > :05:15.for the world's biggest dairy exporter are rising after it posted
:05:16. > :05:21.a strong earnings report card. Full-year debility jumping 65% to
:05:22. > :05:24.$613 million after low milk prices boosted sales of products like
:05:25. > :05:30.cheese and baby formula. For more, we are joined by Fonterra's chief
:05:31. > :05:35.executives. Thank you so much for joining us on Asia Business Report.
:05:36. > :05:42.You made money, up 65%, but farmers are still complaining of low
:05:43. > :05:49.pay-outs for their milk products. However you reconcile this? Good
:05:50. > :05:54.morning. -- how do you. We have to look at a couple of different
:05:55. > :05:59.things. The results of 2016, on the back of low commodity prices, but we
:06:00. > :06:06.have to link that back to commodity prices across the board in the
:06:07. > :06:13.world, which were low. The interest rates in New Zealand goes against
:06:14. > :06:20.us. But the results have been good. In the meantime, the milk price is
:06:21. > :06:24.rising, so we have announced the price yesterday and we keep our
:06:25. > :06:34.earnings strong on top of that, so for 17 it looks very strong. Last
:06:35. > :06:45.year was a difficult year for our farmers, with and understandable low
:06:46. > :06:49.level. At $5.25 per kilogram, this is the breakeven point for many
:06:50. > :06:53.farmers, so this is good news for them. Do you see this increasing in
:06:54. > :07:00.the near to medium term? What you see around the world is that the
:07:01. > :07:04.supply pools, the regions which can supply, are down in terms of
:07:05. > :07:11.production. We are down, Australia and Europe are down, so I do see an
:07:12. > :07:15.upward trend, because China is back in the market and demanding more
:07:16. > :07:22.products, so we have definitely seen this turnaround and in my opinion it
:07:23. > :07:26.will continue. What about the strong Kiwi dollar? It is stubbornly high
:07:27. > :07:31.and of course today the reserve bank of New Zealand decided to hold on
:07:32. > :07:37.the cost of borrowing, which is a big disappointment because a cut
:07:38. > :07:42.could have weakened further the New Zealand dollar against the US
:07:43. > :07:49.dollar. That's right. And for us as an exporting company, 95% exports,
:07:50. > :07:59.that would be good and for our farmers it would be very good,
:08:00. > :08:02.because in 1's -- because one cent in Kiwi dollars is a significant
:08:03. > :08:07.pay-out for the farmers. Thank you very much. Fonterra's chief
:08:08. > :08:11.executive joining us from Auckland. The downturn in dairy prices has
:08:12. > :08:17.helped a lot of people in moving to the technology sector and Apple was
:08:18. > :08:24.slapped with a 14.5 billion dollars tax bill, the largest ever tax
:08:25. > :08:30.penalty for a US technology company. We spoke to the EU's competition
:08:31. > :08:37.commissioner, who says there is no reason for the US to see these
:08:38. > :08:43.actions as protectionist. For us it is very much a competition case,
:08:44. > :08:46.because we have this third competition instrument. First
:08:47. > :08:51.would-be merger controls, second would-be anti-trust that we share
:08:52. > :08:57.with the US. But we have this third tool to secure fair competition in
:08:58. > :09:03.the lower paying -- paying field. They don't have this concept in the
:09:04. > :09:07.States and I think that's why it is so foreign for them and that's why
:09:08. > :09:13.we are getting this pushback. You've announced three cases, anti-trust,
:09:14. > :09:18.against Google. What are they about? It comes down to us finding what we
:09:19. > :09:24.think is the evidence that Google is using is already -- it's already
:09:25. > :09:27.very dominant position to stay dominant or become even more
:09:28. > :09:33.important in neighbouring markets. It was the EU's cop edition
:09:34. > :09:39.commission are speaking earlier to us. In India it is estimated that 2
:09:40. > :09:43.billion lorry drivers regularly use prostitutes, but barely 10% of them
:09:44. > :09:48.use condom is. Health officials say there is a strong correlation
:09:49. > :09:57.between HIV infections and the routes used by truckers. To raise
:09:58. > :10:02.awareness, lorry feed condoms are being sold. They have been designed
:10:03. > :10:04.to replicate the designs of India's trucks and 45,000 packets have sold
:10:05. > :10:55.out of this in just a few days. These truck drivers are not getting
:10:56. > :10:58.proper medical health services on the national highway and are more
:10:59. > :11:01.susceptible to HIV infection because of their interaction with female sex
:11:02. > :11:47.workers. With that we end this edition of
:11:48. > :11:49.Asia Business Report. Thank you for investing your time with us. Or buy
:11:50. > :11:56.for now. The top stories this hour:
:11:57. > :12:00.Japan's Prime Minister Shinzo Abe has demanded that the world finds
:12:01. > :12:03.new ways to stop the nuclear And a war of words has broken out
:12:04. > :12:07.at the United Nations between the US and Russia,
:12:08. > :12:10.after Monday's destruction Could having a tattoo stop
:12:11. > :12:17.you getting the job you want? Employers are being warned
:12:18. > :12:19.they could be missing out on the best candidates
:12:20. > :12:22.if they aren't more open-minded. They divide opinion,
:12:23. > :12:29.but nearly 20% of UK adults Mostly they're not as extreme
:12:30. > :12:36.as the man known as the King of Inkland, who says his body art
:12:37. > :12:39.saw him moved at work. The manager pulled me
:12:40. > :12:42.to one side and said, we can't really have
:12:43. > :12:45.you in the middle of the office So I got re-shunted to the back
:12:46. > :12:51.of the office, right where the manager sits,
:12:52. > :12:54.so she could keep a beady eye on me. It's not illegal for employers
:12:55. > :12:57.to discriminate against people But a report today says companies
:12:58. > :13:00.are missing out on talented You can't just point-blank say no
:13:01. > :13:06.to tattoos, we tattoo a lot of people from a lot
:13:07. > :13:09.of different industries. Police and everything, you know,
:13:10. > :13:12.all over, get tattoos. It's part of English
:13:13. > :13:14.culture these days. Annie is one of several people
:13:15. > :13:17.at this Leeds solicitors But she was careful
:13:18. > :13:20.about where she put them. I wanted to think about where
:13:21. > :13:23.I was going to position them, so I've got two on my back
:13:24. > :13:26.and one of my foot. And I decided there so they wouldn't
:13:27. > :13:30.be seen in a working environment Her boss Chris says he's not
:13:31. > :13:33.bothered about tattoos, but the line has to
:13:34. > :13:36.be drawn somewhere. You'd have to draw a line, I think,
:13:37. > :13:41.in the business we're in, in a relatively conservative
:13:42. > :13:44.industry, with tattoos on the face. I've been told by my daughter
:13:45. > :13:49.that now you can get But if she ever got one,
:13:50. > :13:53.I probably wouldn't speak Broadcaster David Dimbleby had one
:13:54. > :13:59.done at the age of 75. They are becoming far more
:14:00. > :14:01.socially acceptable, but employers are within their
:14:02. > :14:05.rights to say they don't And to prove the point,
:14:06. > :14:28.the Madame Tussaud's museum in London has confirmed that it has
:14:29. > :14:31.officially separated the waxwork models of Angelina
:14:32. > :14:31.Jolie and Brad Pitt. are divorcing after
:14:32. > :14:40.12 years together. Within hours, stadd
:14:41. > :14:42.at Madame Tussaud's got to work to ensure the couple's split
:14:43. > :14:50.was evident in the museum. More on all of the stories at the
:14:51. > :14:51.BBC