:00:15. > :00:20.As the Deutsche Bank executives had to Washington, can Germany's biggest
:00:21. > :00:27.bank reach agreement with US authorities? And packing their bags
:00:28. > :00:36.for a week-long break, find out where Chinese too -- tourist will
:00:37. > :00:44.spend their money this golden week holiday. Good morning, welcome to
:00:45. > :00:48.Asia Business Report from Singapore. The future of Germany's biggest bank
:00:49. > :00:52.is stirring up markets around the world. Deutsche Bank has been told
:00:53. > :00:58.to pay a whopping $14 billion fine by the US for alleged wrongdoing
:00:59. > :01:03.leading up to the financial crisis in 2008 but now it might be close to
:01:04. > :01:07.agreeing a settlement with the authorities and would like to do so
:01:08. > :01:11.before next month's presidential election. Earlier I spoke with Tony
:01:12. > :01:17.Nash and asked about the likelihood of a deal being reached this week.
:01:18. > :01:21.They will certainly try. Nobody wants to put Deutsche bank in danger
:01:22. > :01:26.but in fact they did break serious guidelines. The real issue with
:01:27. > :01:31.Deutsche bank is this, a $14 billion ruling right now has to be
:01:32. > :01:36.negotiated down. If anything is more than $4 billion, given the cash that
:01:37. > :01:40.Deutsche Bank has set aside, they have to raise funds. That will be
:01:41. > :01:45.diverted to the current shareholders. The big question
:01:46. > :01:49.investors have been posing was whether the German government might
:01:50. > :01:55.step in to bail them out. Do you think that is a possibility? I think
:01:56. > :01:59.it is a possibility but I think given the hard line that the German
:02:00. > :02:04.government has had about other banking difficulties in other
:02:05. > :02:09.countries within the EU, it would be politically difficult to step in.
:02:10. > :02:13.There has been some gossip about the German government taking a 20% stake
:02:14. > :02:18.in Deutsche Bank but whether or not it is true we are not sure. We saw
:02:19. > :02:23.an impact on the market in the US and Europe. We haven't seen much of
:02:24. > :02:31.an impact just yet in Asian markets but could this be a moment when
:02:32. > :02:36.Asian shares are affected as well? I don't necessarily think so. What
:02:37. > :02:40.Deutsche Bank has done is, I saw this morning, and mounting a
:02:41. > :02:45.thousand headcount cut. They have 101,000 staff. Deutsche Bank will
:02:46. > :02:50.have to look much harder at staffing and cut much harder in order to save
:02:51. > :02:54.costs. Revenues have been very hard one and very difficult over the last
:02:55. > :02:59.few years for Deutsche Bank but their cost base hasn't been cut
:03:00. > :03:04.back. So they have a really difficult time and they have to add
:03:05. > :03:08.value their costs. This makes a big statement about the state of first
:03:09. > :03:11.of all European banking and secondly global banking. With repeated
:03:12. > :03:15.government intervention to save banks it makes a much bigger
:03:16. > :03:23.statement, whether talking about debt in China, Italy, Deutsche Bank
:03:24. > :03:29.or even American banking issues. The state of banking globally needs a
:03:30. > :03:32.closer look. It is Golden Week in China which means hundreds of
:03:33. > :03:36.millions of people have packed their bags and taken off to various
:03:37. > :03:39.vacation spots. Let's take out where they are heading and how some
:03:40. > :04:44.countries are making Chinese tourists feel welcome.
:04:45. > :04:52.Well, earlier I spoke with Nelson Allen from hotels.com Asia-Pacific
:04:53. > :04:56.and I asked him the other popular destination for Chinese tourists. A
:04:57. > :05:00.lot of going to Japan this week and it is a little different in years
:05:01. > :05:08.past. I think Tokyo and Osaka are still growing but not as much as
:05:09. > :05:12.second and third tier cities, like Okinawa and elsewhere, doubling the
:05:13. > :05:16.orders that we saw last year. They are still travelling to Japan but
:05:17. > :05:20.they are looking for new experiences and they want to go to places they
:05:21. > :05:26.have never been before. Have there been destinations that have
:05:27. > :05:33.surprised you that they have decided to go to? On a survey we do, the
:05:34. > :05:37.Chinese Travel Monitor, asking whether you want to go, and they
:05:38. > :05:41.have said the pyramids of Giza in Egypt or Mount Fuji in Japan, the
:05:42. > :05:47.Himalayas in Nepal, these are bold places to go. On are the days of the
:05:48. > :05:52.Eiffel Tower and Big Ben. We are impressed by how audacious some of
:05:53. > :05:56.the plans are at it plays out in the booking data. In other news making
:05:57. > :06:01.headlines this morning, electric car maker Tesla saw global deliveries of
:06:02. > :06:07.its cars double in the third quarter had with one year ago. In the three
:06:08. > :06:13.months to September they delivered 24,500 cars, the majority was the
:06:14. > :06:16.model S. The latest figures are in courage in for the Californian firm
:06:17. > :06:21.which suffered a bigger than expected loss in the second quarter.
:06:22. > :06:26.India has formally joined the Paris agreement on tackling climate
:06:27. > :06:30.change, agreed by nearly 200 countries in Paris last year with
:06:31. > :06:36.the aim to slash greenhouse gas emissions by moving away from. Feels
:06:37. > :06:40.to limit global warming. -- moving away from fossil fuels to limit
:06:41. > :06:47.global warming. This represents at least 55% of global carbon dioxide
:06:48. > :06:53.emissions. The US and China joined last month, India is the world's
:06:54. > :07:01.third biggest emitter of greenhouse gases. Now, most of you would
:07:02. > :07:06.recognise India's Bollywood megastar Bachchan. Now he is starring in
:07:07. > :07:10.films exploring social issues that affect Indians. His latest film
:07:11. > :07:16.touches on feminism and attitudes towards women in India. We spoke
:07:17. > :07:28.with the actor and asked him whether the gender pay gap exists in the
:07:29. > :07:35.film industry. I have encountered that before. There was a woman who
:07:36. > :07:40.was paid more than me. She was the star. And that is OK. I am OK with
:07:41. > :07:45.that. It is not just women working in films. It is in the sports world,
:07:46. > :07:50.it is in the corporate world. I think things are changing. At least
:07:51. > :07:55.people are talking about it. Maybe in the years to come there will be
:07:56. > :07:58.some kind of an alteration. With the emergence of things like Netflix,
:07:59. > :08:03.you are seeing movies watched online. Do you think we are going to
:08:04. > :08:08.reach a stage in India where movies will maybe perhaps be released
:08:09. > :08:14.online, will be consumed widely on the Internet? Yes, some of these
:08:15. > :08:18.efforts were made earlier on. Maybe audiences were not prepared for it,
:08:19. > :08:21.so they didn't do as well as they should have. Eventually, yes, I
:08:22. > :08:27.think this is what is going to happen. The mobile is your closest
:08:28. > :08:30.companion these days. Your information, connection, everything.
:08:31. > :08:36.Entertainment, everything is on the mobile. So, yes. That will be a
:08:37. > :08:40.challenge for all content makers. Whatever is happening in the western
:08:41. > :08:44.world or other parts of the universe is instantly known to us and seen by
:08:45. > :08:49.us. We have to compete with them. And that is wonderful. It is very
:08:50. > :08:53.challenging. How to make films important and good enough to be able
:08:54. > :08:57.to pull you off the drawing room and the TV set and on to the cinema
:08:58. > :09:01.screen. What is the most exciting thing for you working in this day
:09:02. > :09:06.and age in movies compared to say when you were working in the 70s or
:09:07. > :09:10.the 80s? The opening up of the economy in India. We have access to
:09:11. > :09:19.the most modern gadgetry that is coming out from the west. Celluloid
:09:20. > :09:23.has been removed entirely. I don't know whether we can call it the film
:09:24. > :09:31.industry because what do you call it? The digital industry? Are now
:09:32. > :09:37.digital. -- all cameras are now digital. Film was the most expensive
:09:38. > :09:43.element in the films that we made. And to preserve that, we have to
:09:44. > :09:49.make sure that you didn't do more than a single take, or the very best
:09:50. > :09:53.two, that kind of made you apprehensive about wanting to
:09:54. > :09:58.improve or get another chance to do another take. Let's show you the
:09:59. > :10:03.markets before we go because today is the first day of the last quarter
:10:04. > :10:07.of 2016 and Asian shares started cautiously firm with the Japanese
:10:08. > :10:14.Nikkei up 1%. And China is closed for a public holiday. As we were
:10:15. > :10:18.talking about earlier, which is likely to continue dominating market
:10:19. > :10:26.sentiment on Friday and the US market rallied with a positive
:10:27. > :10:36.settlement with US authorities. That is it for Asia Business Report.
:10:37. > :10:42.Thank you for watching. You are watching BBC News. Theresa May says
:10:43. > :10:47.she will trigger Article 50, the process of leaving the EU, before
:10:48. > :10:50.the end of March next year, and it will untangles