31/10/2016

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:00:09. > :00:14.In the race for the White House, pressure mounts on the FBI

:00:15. > :00:18.to explain what it knew - and when - over Hillary Clinton's e-mail

:00:19. > :00:22.Senior Democrats accuse the FBI of being partisan and even breaking

:00:23. > :00:24.the law following Friday's revelation - which they say

:00:25. > :00:29.is designed to help one political party over another.

:00:30. > :00:32.Large numbers of people in central Italy are spending the night

:00:33. > :00:34.in temporary accommodation after a strong earthquake struck

:00:35. > :00:39.the region on Sunday - the third one in a fortnight.

:00:40. > :00:44.And this story is trending on BBC.com:

:00:45. > :00:46.There's been mixed reviews to an Australian government plan

:00:47. > :00:49.to ban for life asylum seekers who arrive illegally

:00:50. > :00:54.will be introduced into parliament this week.

:00:55. > :01:04.That's all from me now. Stay with BBC News.

:01:05. > :01:08.The government is considering reforming the way people

:01:09. > :01:10.are assessed for disability benefits following claims

:01:11. > :01:17.more targeted and personalised support.

:01:18. > :01:34.Now on BBC News, all the latest business news live from Singapore.

:01:35. > :01:40.A volatile start to the trading week threatens a recent rally in Tokyo

:01:41. > :01:46.stocks, which had hit a six-month high. And a scary business. How one

:01:47. > :01:54.amusement park in Hong Kong is banking on thrills this Halloween.

:01:55. > :02:02.Welcome to Asia Business Report. Investors are waiting to see the

:02:03. > :02:08.results of earning reports due out later today from some of Japan's

:02:09. > :02:12.biggest companies. It includes an automaker and an airline, just to

:02:13. > :02:16.name a few. The numbers could indicate if Japan's economy is

:02:17. > :02:20.starting to show signs of recovery. The Japanese yen remains close to

:02:21. > :02:24.its weakest level against the US dollar in three months, which had

:02:25. > :02:29.said Tokyo stocks to a six-month high last Friday. The Nikkei had

:02:30. > :02:38.gained Sarah Coyte 6%, closing advertised level since April. --

:02:39. > :02:43.0.6%. You can see that as a huge difference, a far cry from almost a

:02:44. > :02:48.year ago. Earlier I spoke with the chief economist at Japan Micro Kerr

:02:49. > :02:52.advisers and asked him by the yen is weakening and if the trend will

:02:53. > :02:59.last. The yen weakness is more US driven. The US Federal Reserve is

:03:00. > :03:07.expecting to raise their policy rate in December. So the yen is basically

:03:08. > :03:11.we weakening because of that. Do you see this influencing corporate Japan

:03:12. > :03:15.as well? Are we seeing Japanese companies growing, singing good

:03:16. > :03:20.profits, because of growth in markets like the US. A lot of these

:03:21. > :03:25.companies are export reliant -- ceiling. Or is it entirely due to

:03:26. > :03:29.the wiki game? I would say it is entirely due to the weakening yen,

:03:30. > :03:33.but the yen weakening has helped the Japanese economy significantly. It

:03:34. > :03:40.has been one of the biggest drivers for Arboyne mix. Raising profit

:03:41. > :03:45.growth and Japanese inflation -- Abenomics. I don't think this yen

:03:46. > :03:50.weakness will continue. The bank of Japan has pretty much used up all of

:03:51. > :03:55.its policy tools to weaken the yen. I do not think the yen weakening

:03:56. > :04:00.will continue. In terms of corporate Japan, outpacing growth in markets

:04:01. > :04:03.like the US and elsewhere? Unfortunately, the Japanese

:04:04. > :04:09.exporters are actually losing market share. Despite the yen weakening.

:04:10. > :04:13.When you look at the export growers of Japanese companies in volume

:04:14. > :04:18.terms, it is actually growing less than the global trend. I don't think

:04:19. > :04:22.Japanese companies are actually expending their market share. It

:04:23. > :04:27.doesn't help as well but we have a lot of uncertainty over the next few

:04:28. > :04:31.weeks for the market. You have the US election coming up. The Federal

:04:32. > :04:35.Reserve and the bank of Japan are both meeting this week. What in fact

:04:36. > :04:41.might this have on the market? I don't think the bank of Japan will

:04:42. > :04:44.do any policy action. If they do, that will be surprising. The yen

:04:45. > :04:53.could weaken on the back of the news, but I think it is unlikely. So

:04:54. > :04:58.in terms of other news, Brexit, I don't think it is that important for

:04:59. > :05:03.Japan, but if it does to the extent that it has a negative repercussions

:05:04. > :05:10.to the global economy, it made for Japan. Overall, on balance, I think

:05:11. > :05:12.there is bad news brewing somewhere in the world that will impact

:05:13. > :05:24.Japanese growth negatively. Won Australia's third biggest bank,

:05:25. > :05:28.ANZ, is scaling back on its Asian exposure. It will offload its retail

:05:29. > :05:36.and wealth businesses in around nine Asian countries. Singapore's biggest

:05:37. > :05:41.lender, DBS, will buy the assets from ANZ, including in markets like

:05:42. > :05:46.China and Indonesia. DBS said it posted a slight increase in

:05:47. > :05:49.third-quarter net profit but bad debt charges doubled because of the

:05:50. > :05:53.bank's exposure to the troubled oil and gas sector.

:05:54. > :05:59.South Korea will provide financing to local shipping phones so they can

:06:00. > :06:02.buy new vessels to remain competitive. The government is

:06:03. > :06:06.stepping up support for local shipbuilding and the shipping

:06:07. > :06:15.industries following the collapse of a big company in August. Canada and

:06:16. > :06:19.EU have signed a landmark trade agreement that took nearly seven

:06:20. > :06:20.years to negotiate. They hope it will generate another $13 billion

:06:21. > :06:32.per year. We will find out later today if a

:06:33. > :06:35.Brexit checkup is having an impact on the world's largest advertising

:06:36. > :06:39.company when they release their most recent trading statement. Its chief

:06:40. > :06:45.executive said TV and newspapers could see a substantial hit to their

:06:46. > :06:48.bottom line. But what about digital advertising? Going viral on the

:06:49. > :06:56.Internet is considered the new holy Grail. What does it take to maximise

:06:57. > :07:01.your shares? I'm really is dedicated to analysing digital viewing habits,

:07:02. > :07:07.and we spoke to their co-founder -- Unruly. We are seeing tremendous

:07:08. > :07:11.growth in this region. In India we are seeing explosive growth with

:07:12. > :07:15.mobile usage and with mobile advertising. India is interesting

:07:16. > :07:21.because it is still early days for that market. A lot still goes into

:07:22. > :07:26.old-fashioned media such as TV, newspapers and prayed. But we are

:07:27. > :07:31.seeing a big shift. Up to $1 billion this year in digital ad spend, which

:07:32. > :07:36.will double by 2020 -- print. What does it take for a video to go viral

:07:37. > :07:40.in this world, and what numbers are we talking about? What we are

:07:41. > :07:46.booking ads when we are tracking the reality is emotional impact and

:07:47. > :07:50.social sharing. They are different emotions that trigger people in

:07:51. > :07:54.different demographics to have a strong response and share the video.

:07:55. > :07:57.A great example is the difference between baby Boomers and millennial

:07:58. > :08:01.'s. Millennial is a more inspired to share is a video makes them happy,

:08:02. > :08:06.and they want to share quickly. Whereas with baby Boomers, they are

:08:07. > :08:10.much more prepared to wait it out and find a bit of content. It

:08:11. > :08:14.doesn't matter if it is a week or two old. If it has integral value in

:08:15. > :08:18.their eyes, they will share that content. Ten years ago, we were

:08:19. > :08:22.looking at a million views for a vile hate, and now it is tens of

:08:23. > :08:31.millions. Are they shared across borders? -- viral hit. The extent to

:08:32. > :08:36.which use a shared more broadly or narrowly is emotional trigger.

:08:37. > :08:40.Videos tend to struggle to cross boundaries because you might does

:08:41. > :08:45.not always cross borders well, whereas happiness is a global

:08:46. > :08:47.trigger. We see brands looking to create inspirational heartwarming

:08:48. > :08:51.content able to cross those national boundaries more easily.

:08:52. > :08:58.That was Sarah Wood from Unruly. We have covered our fair share of scary

:08:59. > :09:02.stories on this programme, but this Halloween, stock crashes and profit

:09:03. > :09:07.warnings can step aside, because it is one of the most important times

:09:08. > :09:12.of the year for theme parks. Over in Hong Kong, they are going all out

:09:13. > :09:15.with spooky events to try to attract more visitors at a time when tourist

:09:16. > :09:20.numbers have been dropping. We went to find out more.

:09:21. > :09:27.Halloween. It is a chance to dress up in costumes, and for some, an

:09:28. > :09:33.occasion for ghostly encounters. And for theme parks, it is a chance to

:09:34. > :09:36.cash in on festivities. At Hong Kong's Ocean Park, they have hired

:09:37. > :09:41.more than a dozen performers and lodged a Ghostbusters game for fans.

:09:42. > :09:46.And this is peace be keep offering for visitors looking for that extra

:09:47. > :09:53.right. -- this is the spooky offering. I think it was very scary.

:09:54. > :09:58.It was fun. Even though I knew what is going in expecting, it was still

:09:59. > :10:03.dramatic. You see one, and then the other one pops up. It gives you a

:10:04. > :10:07.fight. Ocean Park expects 1 million visitors to its Halloween event this

:10:08. > :10:10.year. There is a reason why theme parks very special event. They had

:10:11. > :10:14.to be created to attract new customers. It has not been easy for

:10:15. > :10:21.Hong Kong's tourism industry. Numbers dipped with mainland China

:10:22. > :10:24.tourists dropping by 9%. Despite the drop, Ocean Park says it is

:10:25. > :10:28.confident it can bring tourists back. We are continuing to see some

:10:29. > :10:34.softening in the tourism market in Hong Kong because of some of the

:10:35. > :10:38.social issues, also the currency and the strengthening of the Hong Kong

:10:39. > :10:41.dollar has impacted inbound tourism. Right now we are seeing a trend

:10:42. > :10:48.coming back. Groups from China are strong. We certainly hope to see

:10:49. > :10:53.that continue. We have been looking at other markets. Tourism from the

:10:54. > :10:57.Philippines, Taiwan, Singapore, and Halloween abstract that business as

:10:58. > :11:03.well. As the sun sets, more ghosts, to play. Ocean Park is to be a

:11:04. > :11:08.novelty for tourists and residents in Hong Kong. But now it faces

:11:09. > :11:12.competition from Disneyland in Hong Kong and Shanghai. And several new

:11:13. > :11:17.theme parks are set to open in Asia next year. While tourists are spoilt

:11:18. > :11:18.for choice, Ocean Park will be hoping it's scary side keeps

:11:19. > :11:29.visitors coming back for more. I can tell you, looking at the

:11:30. > :11:31.markets, they are getting screwed as well buy fresh worries over US

:11:32. > :11:38.presidential candidate's Hillary Clinton scandal a week ahead of the

:11:39. > :11:42.election. The Nikkei reversing their six-month highs we told you about at

:11:43. > :11:46.the start of the programme. The Hang Seng has also opened weaker. The

:11:47. > :11:51.only one defined that is the stallion All Ordinaries, which is

:11:52. > :11:58.currently five. That is it for this edition of Asia Business Report -- a

:11:59. > :11:59.stallion. Thank you for watching. -- Australian.

:12:00. > :12:05.The Democratic leader in the US Senate furiously denounces the head

:12:06. > :12:08.of the FBI over the investigation into Hillary Clinton's e-mails.