06/06/2017 Asia Business Report

Could the US be set to roll back tighter banking regulations put in

place after the global financial crisis? Apple displays the recent

fruits of its Labour at a tech conference in California. It's

Tuesday, good morning, Asia, hello, world. You're watching Asia Business

Report. Plans to overhaul the US banking system may be taking shape.

Stop makers are expected to vote on a bill to scale back much of the

act. These regulations were put in place under President Obama after

the global financial turmoil but banks complain the regulations are

to restrictive. The credit crisis cost the US more than 80 million

jobs, Chile and of dollars in lost wealth and almost 10 million homes

after the worst recession since the great repression, the reform will

was introduced to make another crisis less likely. This was the

moment democrats hoped to put banks in check, President Obama signed

into law a bill that would address weak this is in the way Wall Street

was regulated and prevent the US taxpayer bought ever having to bail

out the banks again. President Trump ordered a review of the 2010 law. We

are signing call principles regulating the United States

financial institutions. But the state of Dodd-Frank is not just

depend on the Donald Trump administration. Republicans are now

in control of Congress have been attacking it since its inception,

saying the limits of go too far. Later this Tuesday, lawmakers will

vote to dismantle it. The debate on how to rewrite the law is far from

over. The financial choice act is likely to face opposition in the

Senate. Critics warn it leaves the US exposed to another financial

crisis. Prices in oil initially surged in the world markets but then

fell by about 1% after the possible impact of a number of Arab state

cutting off contact with Qatar. They are at using Qatar of supporting

terrorism. -- accusing. Several carriers in the region are halting

flights in and out of -- Doha. I spoke to oil industry analysts and

asked if the diplomatic tensions could impact prices? It could have

led to a spike in oil prices because it is a major supplier- nearly 27 %

of supply. Since 2014, it has been a bearish. 20 of stock in the world,

oversupply and in this case the biggest concern for the market has

been that this might derail the agreement with him OPEC and curtail

supplies. Some saying it will not because production capacity of Qatar

is 600,000 barrels per day. It is a very small producer. The bigger

danger is the cohesion. It is difficult for OPEC to cut supply. If

Qatar has a retaliatory measure and walks out of the deal and some

members decide to do the sake but the likelihood of that is very

small. If that happens, at which point we see a spike in oil prices?

I think the Saudis would step into a short. -- ensure. They would make

sure it is not derail the OPEC agreement. But there are always

factors in the market. Let's say violence breaking out, including

more countries in the conflict and then we could see a spike in price.

A lot of supply out there, Nigeria and Libya are not part of this

reduction agreement. These two countries have steadily been

increasing supply. In terms of oversupply, that is not the biggest

factor, it is US production. It has grown nearly half a million barrels

per day since the start of the year and it has the capacity to

neutralise the cuts. Where DC oil prices in the near to medium term?

Below 50 four break is a little bit too much angle comeback close to 50.

He may not be a well-known global brand but a massive Chinese company

hold close to 25% stake worldwide and 10% of Deutsche Bank. The

company has been aggressively expanding but could this $50 billion

buying spree bring it into conflict with Chinese tightening controls? I

think the new policy will influence people but for us we think it will

still get support and because we have one loan policy from China,

anything you do from that the regulators were supporting us. Apple

and Amazon on the adjoining into the bid for the troubled Toshiba armour.

The chairman saying the two US tech giants plan to chip in a fans. Also

reports that Western Digital has offered to buy a stake. South Korean

government has announced a stimulus package which will increase social

welfare subsidies and take steps to deliver on President mood's promise

to rake in a thousand public-sector jobs. The ruling Democratic Party

holds only 40% of in the National Assembly and will need the support

of more than 30 opposition lawmakers. The secretary of energy

Rick Perry said it will continue its commitment to -- he arrives in

Beijing where he could face many critics of US climate policy. -- to

climate change policies even though they pulled out of Paris. The voice

control the Speaker that can compete with Amazon on Alexa, unveiled by

Apple. This is Apple 's new iPad pro which is 10.5 inches across. IOS the

Leopard seen for the first time here and in it a few multitasking

features, things to make it work more like a typical PC rather than a

tablet. The first one, the ADE can have multiple windows up at once. I

can BBC website but I can also take in messages. I could be working on

my messages as well as reading a website which make things slightly

quicker. It is worth noting, it also has similar features to other

tablets. Another thing that Apple have added is a file manager. That

may seem a basic but having it in the tablet is the idea to do work

where you want to share several files with your colleagues. I can

grab a picture. Select, and share them on services like clock box

which many businesses use to do their work. This is going to cost

?619, $649 which is a lot cheaper than a high-power laptop and I think

many people might see this as a middle ground between getting an

expensive computer. Let's have a look at the market... Some pressure

on Asia Equity in early Tuesday trading. A reaction to the latest

terror attacks in London just days ahead of the British general

election. Thank you so much for investing your time with us. Have a

great Tuesday. Sport Today is up next.

The headlines: two of the three men who carried out the terror attack in

London