21/07/2017 Asia Business Report


21/07/2017

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OJ Simpson - the former football star and actor -

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He's been granted early release by a parole board after serving nine

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He's expected to be released in October.

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Nine years was the minimum he could serve of his 33-year

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sentence for the armed robbery in Las Vegas.

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The first military talks for two years between North and South Korea

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could begin shortly - if Pyongyang agrees to attend.

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Seoul made an offer of talks in an effort to ease tensions

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And this video is trending on BBC.com.

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The body of Salvador Dali is being exhumed from his crypt

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in northeastern Spain - so that samples of his DNA can be

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taken to try to settle a paternity suit.

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It follows a court ruling in favour of a wioman who claims

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New figures show a 10 percent rise in recorded crimes in England

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However, the national crime survey of victims suggests there were fewer

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Now on BBC News, all the latest business news live from Singapore.

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Asia stopover. The British Foreign Secretary visits Japan to discuss

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trade and security ties ahead of that. And, superpowered profits.

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Comic book companies are raking it in as franchises become more

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popular. Welcome to the Asia Business Report,

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Boris Johnson is in Japan today. He is therefore talks that are likely

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to be dominated by concerns about Britain's departure from the

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European Union. Boris Johnson visited this robotics centre in

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Tokyo. He has been talking up the strong economic ties between the two

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countries, noting that Japanese countries have invested more than

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$15 billion in Britain. Japan's political and business leaders are

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reported to be concerned about the state of the Brexit negotiations,

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and although Mr Johnson is not directly involved in the

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negotiations, it is important for him to reassure the Japanese

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leaders. We discussed what Japanese firms will be expecting from these

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talks. It is important for Japan to get some reassurance regarding their

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foreign investments. The UK is the second largest investment space for

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Japan, and a lot of investment that Japan did was to export products to

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the EU. So it is important for the UK to reassure Japanese companies

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that they will still be able to export those products after Brexit.

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Let's take a look at this chart. Talking about Japanese investment

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into the UK, it has got some surprising details about how much

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went into the UK from Japan after Brexit. The largest amount of

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investment that we saw as their in history was in the third quarter of

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last year, just after the Brexit referendum. It is possible some of

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those deals were negotiated before Wexford, but we continue to see

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pretty large investments in the following quarters as well. So far,

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Japanese firms still seem confident that the UK is a good place for

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investment. What about a post- Brexit UK trade deal with Japan? The

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EU has just signed one, could it collocate matters for Japan to side

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with the UK? The fact that there is already a trade deal may make it

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easy. In principle, there is nothing stopping the UK and Japan from

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keeping that deal, even after the UK leads the EU. That would obviously

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be positive for Japanese manufacturers and car manufacturers,

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the existing tariffs would be remaining the same for Japan. The

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European Union's chief Brexit negotiator has asked Britain to

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clarify details regarding settlement and citizen's rights. That followed

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discussions in Brussels. While the EU is demanding compromises, the

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UK's top negotiator seemed encouraged by the progress made so

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far. There is a lot to talk about and further work before we can

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resolve this. Ultimately, a solution will require flexibility from both

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sides. Negotiations have only just started. Of course there are

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compromises to be made, but it is too early to talk about it. We are

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not there yet. Oil giant ExxonMobil has been fined for violating

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sanctions against Russia while Rex Tillerson was its chief executive.

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The company dealt with the President of the Russian oil giant when he was

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blacklisted by the US. They have challenged the fine and called it

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fundamentally unfair. The largest dark web marketplaces have been shut

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down following a major international investigation. Alphabay and Hansa

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were linked to drug trade, stolen data and weapons trade. Shares in

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eBay have fallen about 5% in after-hours trade after they warned

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that profits could fall for this quarter below analyst estimates.

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They are spending big on marketing and revamping their platforms to

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attract more shoppers. It is striving to compete with rivals like

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Amazon. Microsoft has had a revenue jump in the three months to June. It

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saw shares rise in after hours trade. However, they are laying off

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thousands of workers from the global sales team in a bid to boost its

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Cloud division. The Microsoft CEO has confronted one

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of the biggest challenges of the sector, taking a company that was

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dominant in one market and retooling it for new markets. Its original

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moneyspinner is steadily losing value. In Microsoft's case, Windows

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software was at the heart of the original computer revolution. But

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that is not today's revolution. Now, the growth is in places like social

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media and cloud computing. So, more of the company's efforts are going

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into cloud computing. Thursday's earnings show that effort is paying

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off. The company reported a better than expected revenue of $24.7

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billion for the quarter, and they also had an intelligent cloud

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segment which contributed nearly 30% of that revenue. Nearly as much as

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its personal computing segment. Still, the earnings also showed that

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they cost the company, and its employees. They recorded a $306

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million charge for the severance payments made to workers who were

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laid off. Superman, Star Wars, Harry Potter,

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these are some of the franchisors loved around the world. For fans,

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nothing is bigger than ComicCon. It earns millions of dollars each year

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in its host city, San Diego. We spoke to the author of ComicCon who

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is speaking at six panels today. He told me the event just keeps getting

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bigger. There are already about 150,000 people at the convention

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centre ,, and there will be even more people going to events outside

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of that. The convention itself brings in about 150 million people

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to the city of San Diego. San Diego ComicCon has spawned an industry

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across North America and worldwide. I calculated that as an economic

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impact of about 3- $4 billion. To the cinema, you have seen

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Hollywood's obsession with superheroes and comic book heroes.

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What are some of the big brand names and corporate firms who are out

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there this year? Warner Brothers, the parent company of DC, they have

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had a big hit this summer with wonder woman. Marvel Studios have

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had a recent release with Spiderman. You have got perennial television

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brands from Netflix, Stranger Things has been very successful. We have

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also seen huge success in Game of Sloanes, there are a number of

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television shows that are doing extremely well -- Thrones. What is

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the biggest event that everyone will camp out for this year? Everyone has

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their own favourite, my pick for the biggest one this time would be the

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Warner Brothers panel on Saturday morning. That will feature what is

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coming up next in the DC universe, which a lot of fans are looking for

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two, and Steven Spielberg will be here to give us a first look at his

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new film. We have also got the new Laid Runner film which is coming

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out, Harrison forward will be coming out for that. -- Blade. Dr Who will

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also be a big drawcard. There has been an asset to share

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technology in electric cars. They are furthering their global

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ambitions to transform into an electric only car

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