Browse content similar to 19/10/2016. Check below for episodes and series from the same categories and more!
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The health check on China - is it finally checking out by the slump? | :00:14. | :00:24. | |
The chair of an influential conglomerate could face charges | :00:25. | :00:32. | |
along with his father and brother. Good morning. All eyes will be on | :00:33. | :00:41. | |
the latest economic figures from China for the first half of this | :00:42. | :00:49. | |
year, growth remained at 6.7% stop it is in fact the slowest rate of | :00:50. | :00:57. | |
growth since 2009, which is, of course, just after the global | :00:58. | :01:02. | |
financial crisis. What can we expect with concerns to a potential | :01:03. | :01:09. | |
property bubble? A senior economist gave us his view. We are expecting | :01:10. | :01:19. | |
growth to hold steady. We are looking for a pickup in industrial | :01:20. | :01:22. | |
activity that is going to offset slightly slower growth in the | :01:23. | :01:27. | |
services and a lot of that is because they grew quite rapidly in | :01:28. | :01:31. | |
the third quarter of last year. We talked a lot about China's | :01:32. | :01:37. | |
ballooning debt and possible acid rubble, are you still concerned? | :01:38. | :01:43. | |
Those long-term vulnerabilities are still there but the new term risks | :01:44. | :01:47. | |
are the hard landing in China. Interest rates are low around the | :01:48. | :01:54. | |
world, negative in the end in Japan, the draw reserve, is likely to hike | :01:55. | :01:59. | |
rates by the end of this year. Interest rates hikes in the US will | :02:00. | :02:06. | |
be gradual so we do not see much catalyst for other nation crisis in | :02:07. | :02:12. | |
China stop Donald Trump has repeatedly accused China of | :02:13. | :02:20. | |
manipulating the US. What is your outlook on the currency? China has | :02:21. | :02:26. | |
been persistently spending to manage its currency and that is a sign | :02:27. | :02:31. | |
that, under the free float, the currency would be weaker than it is | :02:32. | :02:36. | |
today. We expected the current exchange rate stays in place and we | :02:37. | :02:41. | |
are likely to get to around 6.9 per US dollar baby end of the year and | :02:42. | :02:49. | |
7.1 by the end of next. Goldman Sachs has reported a sharp rise in | :02:50. | :02:55. | |
revenues of nearly 20% of the third quarter of this year. Profits came | :02:56. | :02:59. | |
in at over $2 billion. Largely thanks to better returns from its | :03:00. | :03:03. | |
trading activity. It has access about 5% of its workforce including | :03:04. | :03:13. | |
here in Asia, to cut costs. The big struggle for investment banks | :03:14. | :03:19. | |
globally is a change in gameplan. They can no longer be involved in | :03:20. | :03:24. | |
the whole spectrum of investment banking so an the latest results, | :03:25. | :03:31. | |
equities has not shot up very much. In fact, it is a burden on the | :03:32. | :03:36. | |
business so it has to focus on businesses that are more consistent | :03:37. | :03:41. | |
and derive more consistent revenue over a period of time. Investment | :03:42. | :03:46. | |
banking itself is involving the players who can only do the bigger | :03:47. | :03:52. | |
deals while at the bottom end it has become very fragmented and it is no | :03:53. | :03:58. | |
longer worth their time to build and to end investment banking interest. | :03:59. | :04:05. | |
Shares in Yahoo! Have risen by more than 1% after the company posted | :04:06. | :04:09. | |
better than expected quarterly results. Revenue from its Mobile, | :04:10. | :04:16. | |
video and social advertising unit jumped 24% to $524 million was not | :04:17. | :04:22. | |
in a positive sign it seems customers have left the company | :04:23. | :04:28. | |
after huge private data breaches. It is continuing to prepare for | :04:29. | :04:35. | |
acquisition by. Leonardo DiCaprio has commented after a civil suit | :04:36. | :04:50. | |
against a real estate case. He says he is awaiting direction over any | :04:51. | :04:54. | |
funds that may have supported his environmental foundation or his | :04:55. | :05:02. | |
film, the walls of Wall Street. A self driving taxi company has had | :05:03. | :05:07. | |
its first accident. This is one of the vehicles operated by the firm | :05:08. | :05:13. | |
which has been given free rides to invited guests in a small part of | :05:14. | :05:17. | |
Singapore since August. One of its taxes click a lorry but the company | :05:18. | :05:25. | |
is playing incident -- playing down this incident. Corruption charges | :05:26. | :05:34. | |
against the chairman of one of countries most influential | :05:35. | :05:40. | |
conglomerate. He together with his father and brother committed | :05:41. | :05:43. | |
offences worth hundreds of millions of dollars. This centres on the | :05:44. | :05:52. | |
patriarchy, the guy who funded the company in Japan after the war and | :05:53. | :05:57. | |
who then took it to Korea and his son who is the current chairman of | :05:58. | :06:03. | |
the company. This huge vast conglomerate and the allegation is | :06:04. | :06:06. | |
that many hundreds of millions of dollars has been switched between | :06:07. | :06:11. | |
each of the company and sometimes secretly and bits of tax, | :06:12. | :06:16. | |
substantial hits of tax, I have to say, are not being paid. So it is a | :06:17. | :06:24. | |
very typical alleged scandal where the line between what the family on | :06:25. | :06:31. | |
and what the company on seems to be very, very vague stop this is an | :06:32. | :06:38. | |
absolutely vast company. Not an household name outside Japan and | :06:39. | :06:42. | |
Korea but these people are some of the riches in the world. In Korea it | :06:43. | :06:49. | |
is the fifth biggest chaebol, its construction, finance, department | :06:50. | :06:53. | |
stores and it all started from the party who is now 93, selling chewing | :06:54. | :07:01. | |
gum in Japan. -- partly up. Then expanding their business to Korea. | :07:02. | :07:12. | |
In all centres on this group around the patriarch at the top. More | :07:13. | :07:16. | |
people are travelling than ever before spurring growth of 40% in | :07:17. | :07:24. | |
Asia-Pacific online travel sectors with a record $79 billion in sales. | :07:25. | :07:29. | |
One of the company is hoping to capitalise on that growth is the | :07:30. | :07:36. | |
travel site cardiac. I spoke to the co-founder and started by asking him | :07:37. | :07:40. | |
why it took the firm in nearly a decade to expand into Asia? We now | :07:41. | :07:45. | |
operate in 12 different countries here and the reason why it we took | :07:46. | :07:55. | |
so long to get here is... When they see what they want to buy, we give | :07:56. | :08:05. | |
choice as to where to book. It is just hard to do. It has taken us a | :08:06. | :08:12. | |
while to get here. Popularity aside, monetising it is crucial. How are | :08:13. | :08:18. | |
you doing financially? We are doing great. We have a team in Hong Kong | :08:19. | :08:23. | |
of seven people, which sounds small but they are a very talented team. | :08:24. | :08:27. | |
They secured commercial contracts with hotels, et cetera. We get a | :08:28. | :08:32. | |
small percentage of the small transaction. What about your | :08:33. | :08:40. | |
marketing strategy? How do you spread the word about your company | :08:41. | :08:43. | |
when there are so many other players? It takes time. There is | :08:44. | :08:50. | |
different ways of doing it. When you use Kayak, most consumers will use | :08:51. | :08:55. | |
multiple websites we just want them to visit Kayak is one of those. You | :08:56. | :09:04. | |
expect the travel industry to continue growing or are we seeing a | :09:05. | :09:09. | |
slowdown because of the economic issues? It is absolutely great. It | :09:10. | :09:14. | |
will be the largest travel market in the world next year 's top if they | :09:15. | :09:18. | |
have more disposable income what people like to do with that is | :09:19. | :09:23. | |
travel. The category is growing by four percentage points faster. You | :09:24. | :09:31. | |
are as cereals entrepreneur and predict big changes? We have been | :09:32. | :09:54. | |
making investment. There is in Kayak we have created, for example social | :09:55. | :10:03. | |
services within the Internet. You can, for example ask questions and | :10:04. | :10:11. | |
get an intelligent response back. A quick look at markets before we | :10:12. | :10:18. | |
go... One share of what to mention... After the Nick Eade | :10:19. | :10:25. | |
newspaper. -- Indonesia's President tells BBC | :10:26. | :10:35. | |
World his country will go ahead with the use of chemical castration | :10:36. | :10:41. | |
for some sex crimes. The US military says "Islamic State" | :10:42. | :10:47. | |
militants fighting Iraqi troops | :10:48. | :10:51. |