:00:17. > :00:23.Could the US be set to roll back tighter banking regulations put in
:00:24. > :00:32.place after the global financial crisis? Apple displays the recent
:00:33. > :00:41.fruits of its Labour at a tech conference in California. It's
:00:42. > :00:49.Tuesday, good morning, Asia, hello, world. You're watching Asia Business
:00:50. > :00:54.Report. Plans to overhaul the US banking system may be taking shape.
:00:55. > :00:59.Stop makers are expected to vote on a bill to scale back much of the
:01:00. > :01:08.act. These regulations were put in place under President Obama after
:01:09. > :01:13.the global financial turmoil but banks complain the regulations are
:01:14. > :01:19.to restrictive. The credit crisis cost the US more than 80 million
:01:20. > :01:23.jobs, Chile and of dollars in lost wealth and almost 10 million homes
:01:24. > :01:28.after the worst recession since the great repression, the reform will
:01:29. > :01:36.was introduced to make another crisis less likely. This was the
:01:37. > :01:39.moment democrats hoped to put banks in check, President Obama signed
:01:40. > :01:43.into law a bill that would address weak this is in the way Wall Street
:01:44. > :01:49.was regulated and prevent the US taxpayer bought ever having to bail
:01:50. > :01:56.out the banks again. President Trump ordered a review of the 2010 law. We
:01:57. > :02:03.are signing call principles regulating the United States
:02:04. > :02:08.financial institutions. But the state of Dodd-Frank is not just
:02:09. > :02:15.depend on the Donald Trump administration. Republicans are now
:02:16. > :02:21.in control of Congress have been attacking it since its inception,
:02:22. > :02:25.saying the limits of go too far. Later this Tuesday, lawmakers will
:02:26. > :02:31.vote to dismantle it. The debate on how to rewrite the law is far from
:02:32. > :02:38.over. The financial choice act is likely to face opposition in the
:02:39. > :02:45.Senate. Critics warn it leaves the US exposed to another financial
:02:46. > :02:51.crisis. Prices in oil initially surged in the world markets but then
:02:52. > :02:58.fell by about 1% after the possible impact of a number of Arab state
:02:59. > :03:06.cutting off contact with Qatar. They are at using Qatar of supporting
:03:07. > :03:22.terrorism. -- accusing. Several carriers in the region are halting
:03:23. > :03:28.flights in and out of -- Doha. I spoke to oil industry analysts and
:03:29. > :03:36.asked if the diplomatic tensions could impact prices? It could have
:03:37. > :03:48.led to a spike in oil prices because it is a major supplier- nearly 27 %
:03:49. > :03:53.of supply. Since 2014, it has been a bearish. 20 of stock in the world,
:03:54. > :03:59.oversupply and in this case the biggest concern for the market has
:04:00. > :04:08.been that this might derail the agreement with him OPEC and curtail
:04:09. > :04:16.supplies. Some saying it will not because production capacity of Qatar
:04:17. > :04:25.is 600,000 barrels per day. It is a very small producer. The bigger
:04:26. > :04:33.danger is the cohesion. It is difficult for OPEC to cut supply. If
:04:34. > :04:37.Qatar has a retaliatory measure and walks out of the deal and some
:04:38. > :04:43.members decide to do the sake but the likelihood of that is very
:04:44. > :04:48.small. If that happens, at which point we see a spike in oil prices?
:04:49. > :04:59.I think the Saudis would step into a short. -- ensure. They would make
:05:00. > :05:04.sure it is not derail the OPEC agreement. But there are always
:05:05. > :05:10.factors in the market. Let's say violence breaking out, including
:05:11. > :05:16.more countries in the conflict and then we could see a spike in price.
:05:17. > :05:23.A lot of supply out there, Nigeria and Libya are not part of this
:05:24. > :05:27.reduction agreement. These two countries have steadily been
:05:28. > :05:32.increasing supply. In terms of oversupply, that is not the biggest
:05:33. > :05:36.factor, it is US production. It has grown nearly half a million barrels
:05:37. > :05:41.per day since the start of the year and it has the capacity to
:05:42. > :05:50.neutralise the cuts. Where DC oil prices in the near to medium term?
:05:51. > :05:57.Below 50 four break is a little bit too much angle comeback close to 50.
:05:58. > :06:09.He may not be a well-known global brand but a massive Chinese company
:06:10. > :06:12.hold close to 25% stake worldwide and 10% of Deutsche Bank. The
:06:13. > :06:19.company has been aggressively expanding but could this $50 billion
:06:20. > :06:29.buying spree bring it into conflict with Chinese tightening controls? I
:06:30. > :06:38.think the new policy will influence people but for us we think it will
:06:39. > :06:46.still get support and because we have one loan policy from China,
:06:47. > :06:53.anything you do from that the regulators were supporting us. Apple
:06:54. > :07:03.and Amazon on the adjoining into the bid for the troubled Toshiba armour.
:07:04. > :07:10.The chairman saying the two US tech giants plan to chip in a fans. Also
:07:11. > :07:15.reports that Western Digital has offered to buy a stake. South Korean
:07:16. > :07:19.government has announced a stimulus package which will increase social
:07:20. > :07:27.welfare subsidies and take steps to deliver on President mood's promise
:07:28. > :07:32.to rake in a thousand public-sector jobs. The ruling Democratic Party
:07:33. > :07:37.holds only 40% of in the National Assembly and will need the support
:07:38. > :07:51.of more than 30 opposition lawmakers. The secretary of energy
:07:52. > :07:58.Rick Perry said it will continue its commitment to -- he arrives in
:07:59. > :08:06.Beijing where he could face many critics of US climate policy. -- to
:08:07. > :08:11.climate change policies even though they pulled out of Paris. The voice
:08:12. > :08:26.control the Speaker that can compete with Amazon on Alexa, unveiled by
:08:27. > :08:32.Apple. This is Apple 's new iPad pro which is 10.5 inches across. IOS the
:08:33. > :08:37.Leopard seen for the first time here and in it a few multitasking
:08:38. > :08:42.features, things to make it work more like a typical PC rather than a
:08:43. > :08:55.tablet. The first one, the ADE can have multiple windows up at once. I
:08:56. > :08:59.can BBC website but I can also take in messages. I could be working on
:09:00. > :09:06.my messages as well as reading a website which make things slightly
:09:07. > :09:16.quicker. It is worth noting, it also has similar features to other
:09:17. > :09:23.tablets. Another thing that Apple have added is a file manager. That
:09:24. > :09:28.may seem a basic but having it in the tablet is the idea to do work
:09:29. > :09:36.where you want to share several files with your colleagues. I can
:09:37. > :09:41.grab a picture. Select, and share them on services like clock box
:09:42. > :09:51.which many businesses use to do their work. This is going to cost
:09:52. > :09:57.?619, $649 which is a lot cheaper than a high-power laptop and I think
:09:58. > :10:04.many people might see this as a middle ground between getting an
:10:05. > :10:13.expensive computer. Let's have a look at the market... Some pressure
:10:14. > :10:20.on Asia Equity in early Tuesday trading. A reaction to the latest
:10:21. > :10:28.terror attacks in London just days ahead of the British general
:10:29. > :10:34.election. Thank you so much for investing your time with us. Have a
:10:35. > :10:42.great Tuesday. Sport Today is up next.
:10:43. > :10:46.The headlines: two of the three men who carried out the terror attack in
:10:47. > :10:47.London