:00:00. > :00:13.Now on BBC News all the latest business news live from Singapore.
:00:14. > :00:19.As US President-elect Donald Trump prepares to take the helm we find
:00:20. > :00:28.out what businesses in Asia are expecting. From the air to do some
:00:29. > :00:32.fun empire is granted a -- the edge of the Samsung empire is granted a
:00:33. > :00:37.reprieve for his role in the countries of scandal. Good morning
:00:38. > :00:44.and welcome to Asia Business Report live from Singapore. With just two
:00:45. > :00:48.days left until Donald Trump is sworn in as the 45th president of
:00:49. > :00:54.the United States and dad deeply divisive figure means that many are
:00:55. > :01:01.now looking at his cabinet picks resident bodies policies will be.
:01:02. > :01:06.Earlier a billionaire investor said their top priority is to re-
:01:07. > :01:09.negotiate another the trade deal with Canada and Mexico. The
:01:10. > :01:16.President-elect has made no secret in his public remarks, nor have I in
:01:17. > :01:22.earlier remarks during the campaign that NAFTA is logically the first
:01:23. > :01:26.thing for us to deal with. We are to solidify relationships in the best
:01:27. > :01:34.way we can in our own Territorian or four we go off to other
:01:35. > :01:39.jurisdictions. So I think that should be, and hopefully will be if
:01:40. > :01:52.I am confirmed, a very early topic in this administration. That for
:01:53. > :01:55.many business leaders that a presidency heralds a new era of
:01:56. > :02:01.uncertainty. And despite him being the author of the art of the deal
:02:02. > :02:07.many believe that the global mergers may be harder to come by. Earlier I
:02:08. > :02:12.spoke to a representative of Price Waterhouse Cooper. We have a few
:02:13. > :02:18.years of very good singing, liquidity in the market and
:02:19. > :02:23.political in a comic -- economic certainty. Now we are seeing some
:02:24. > :02:29.political change. Brexit and indeed as we go into a new president period
:02:30. > :02:33.there is a degree of uncertainty. Having said that, the Trump policy
:02:34. > :02:37.as stated so far appear to be friendly to deals. The regulation,
:02:38. > :02:40.tax reduction and stimulus and investment in energy and
:02:41. > :02:45.infrastructure and other areas. But in speaking to investors that we
:02:46. > :02:52.expect there to be hesitancy and pause. I think there is a great
:02:53. > :02:57.belief, and we have that as well, it in the US. It will be a pause rather
:02:58. > :03:01.than an impact and we will see a big return to buoyancy and investment
:03:02. > :03:05.levels. We have heard from some businesses voicing concerns but
:03:06. > :03:08.could this be an opportunity for some Asian countries? No doubt.
:03:09. > :03:14.Certainly by reference to investment in areas where we expect stimulus
:03:15. > :03:18.from the UK or the US economy. And then if you look to where the money
:03:19. > :03:22.may flow, this is where the investment in Asia will come
:03:23. > :03:28.through. In India, Japan, Singapore, over the last six weeks you feel a
:03:29. > :03:32.audience in terms of opportunity there. For different reasons- stable
:03:33. > :03:37.politics in India, an aggressive look at portfolios in Japan and an
:03:38. > :03:42.opportunity for private equity across the region to get more
:03:43. > :03:45.involved. We think we will see an uptake in investment across the
:03:46. > :03:51.Asian region, probably with one caution- outbound investment from
:03:52. > :03:56.China may slow but otherwise it is very positive about the Asian
:03:57. > :04:00.market. Staying with the United States Janet Yellin says that the US
:04:01. > :04:05.economy is healthy enough for the central bank to raise its benchmark
:04:06. > :04:10.interest rates a quote, a few times a year through 2019. During a speech
:04:11. > :04:15.on Wednesday she said the exact timing of interest rate hikes will
:04:16. > :04:19.depend on how the economy is doing. She said that policymakers are
:04:20. > :04:21.getting closer to their goals of full employment and stable
:04:22. > :04:28.inflation. The head of the International Monetary Fund said
:04:29. > :04:31.that despite the UK economy doing better than expected after last
:04:32. > :04:36.year's decision to leave the European Union it will still suffer
:04:37. > :04:39.from the split. Her comments come after the Prime Minister Theresa May
:04:40. > :04:48.laid out her negotiating terms with the EU. In her comments, the IMF
:04:49. > :04:53.said that any deal with the EU will not be as good as membership. When
:04:54. > :04:57.you belong to a club, whatever that club is beat sport or intellectual
:04:58. > :05:03.or whatever, the members of the club have a degree of affinity and terms
:05:04. > :05:06.under which they operate. Somebody outside the club, sport or
:05:07. > :05:12.intellectual or whatever, have different access. Meanwhile the
:05:13. > :05:15.Foreign Secretary Boris Jenson is warning the European Union not to
:05:16. > :05:18.punish Britain for its decision to leave the economic bloc. He made the
:05:19. > :05:25.controversial comment while on a trip to India. If Mr alarmed that
:05:26. > :05:30.wants to issue punishment beatings to anyone who chooses to escape in
:05:31. > :05:35.the manner of some World War Two movie is and I think, I do not think
:05:36. > :05:43.that is the way forward. It is not actually in the interest of our
:05:44. > :05:50.friends and our partners. A South Korean court has rejected an arrest
:05:51. > :05:52.warrant for Jay Y Lee. Prosecutors have accused him of bribery,
:05:53. > :05:56.embezzlement and perjury in connection to a scandal which led to
:05:57. > :06:02.the impeachment of the country's president. Samsun has denied any
:06:03. > :06:06.wrongdoing. Earlier I asked if people were surprised by the
:06:07. > :06:13.verdict. The public had been divided about what might happen. For most
:06:14. > :06:19.part I think there would be enormous relief from the part of Samsun. The
:06:20. > :06:25.last 24 hours have been one of the longest days for Jay Y Lee. At the
:06:26. > :06:29.city jail the head of South Korea's biggest company was asked to wait
:06:30. > :06:34.throughout the night until the court came to a decision about his arrest.
:06:35. > :06:41.Early in the morning the judge said there was a lack in justification to
:06:42. > :06:48.put Mr leave behind bars and ordered his release. Just before day lay he
:06:49. > :06:53.was seen walking out of jail was a slight smile. -- just before
:06:54. > :06:58.daybreak. Lacking justification. Could that be because of the
:06:59. > :07:02.possible impact on Samsun's reputation and performance which, of
:07:03. > :07:07.course, plays a huge part in the economy of South Korea? This may not
:07:08. > :07:12.be the end of problems for the chief of Samsun. The company has been
:07:13. > :07:18.accused of bribery and he may still need to face a trial if prosecutors
:07:19. > :07:21.decide to press charges. The allegation is that Samsun gave
:07:22. > :07:24.millions of dollars in return for the votes of the national pension
:07:25. > :07:30.fund in a big and contested restructuring of the company. In the
:07:31. > :07:36.meantime, Mr these days as a free man. So can prosecutors continue
:07:37. > :07:41.pursuing him? Samsung has continuously denied the bribery
:07:42. > :07:47.charges and the position is that contributions have been made but was
:07:48. > :07:55.not in order to receive favours. Bribery is not an easy crime to
:07:56. > :07:58.prove under Korean law. Neither is putting rich family members of
:07:59. > :08:04.conglomerates into jail for wrongdoing. Despite criminal charges
:08:05. > :08:13.and convictions, no family member of Samsun has ever served jail term. --
:08:14. > :08:18.Samsun. Shares opened higher than 2% in May continue to trade strongly.
:08:19. > :08:25.Shares in Netflix jumped over 8% in US training -- trading it to make
:08:26. > :08:31.meeting a new high. The media streaming service has been producing
:08:32. > :08:34.more original shows and focusing on expanding globally. That is held
:08:35. > :08:40.Netflix sign up a record 7 million new subscribers. The majority of
:08:41. > :08:46.them from outside the United States. Goldman Sachs still has the golden
:08:47. > :08:52.touch. The investment bank saw profits triple in the fourth
:08:53. > :09:00.quarter. Its trading activity got a major boost after Trump's election
:09:01. > :09:04.spurred a stock market rally. Manchester United has overtaken
:09:05. > :09:08.reality that to become the richest football team in Europe. The last
:09:09. > :09:11.time they held the title was over a decade ago. According to a
:09:12. > :09:19.consultancy in Manchester United raked in over $700 million last
:09:20. > :09:25.season. Now here is a story for all of you train fans. After over two
:09:26. > :09:28.weeks crossing two continents the first-ever for a train travelling
:09:29. > :09:33.direct from China to the UK has arrived in London. It is part of
:09:34. > :09:42.China's drive to develop trade and investment ties with Europe. London
:09:43. > :09:43.is the 15th European city to join what the Chinese government referred
:09:44. > :10:24.to as the new silk Route. Lets show you the pictures of the
:10:25. > :10:27.train pulling into the station just outside London. The train trip takes
:10:28. > :10:36.about half the time of a sea journey.
:10:37. > :10:42.You are watching BBC News. The headlines for you this our-at his
:10:43. > :10:47.final news conference President Obama said he will continue to speak
:10:48. > :10:48.out to defend what he called core values are after he leaves