:00:00. > :00:00.luggage, has been convicted of possessing explosives with intent
:00:00. > :00:16.Now on BBC News all the latest business news live from Singapore.
:00:17. > :00:29.Paying the price dashes economic of tough sanctions on North Korea by
:00:30. > :00:40.its closest neighbour, China. And stem cell banking but is it worth
:00:41. > :00:46.the cost? It is a Wednesday, good morning Asia, hello world and glad
:00:47. > :00:54.you can join us. The words from US President Donald Trump, fire and
:00:55. > :01:00.fury, frightening North Korea if the country does not give up its Newk
:01:01. > :01:09.ambition. -- threatening. But will they have any impact? -- 's nuclear
:01:10. > :01:19.ambition. More than $5 billion worth of good in 2015. The Chinese Foreign
:01:20. > :01:25.Minister said that traditional economic ties mean it will mainly be
:01:26. > :01:31.China paying the price. He was referring to UN sanctions slashing
:01:32. > :01:37.$1 billion in estimated value. I spoke to an economist who says China
:01:38. > :01:45.will not be severely affect dead. I think China is a huge economy and it
:01:46. > :01:52.is basically importing from North Korea coal, iron ore, seafood,
:01:53. > :02:00.things that are not banned under the UN sanctions. It. Importing idle and
:02:01. > :02:11.seafood and has already stopped importing coal. --I all. The China,
:02:12. > :02:17.it has many alternative supplies. For coal it has already diverted
:02:18. > :02:30.other sources from domestic supplies or other global sources. In terms of
:02:31. > :02:39.iron ore if he gathered from Brazil or Australia. Donald Trump also
:02:40. > :02:53.wants to him important -- impose trade barriers. The UN Security
:02:54. > :02:56.Council putting bands is important. From the US perspective, they were
:02:57. > :03:02.going to reduce their efforts to put pressure on China in relation to
:03:03. > :03:11.trade differences because they really appreciated the Chinese
:03:12. > :03:15.impose the new resolutions. It will impact North Korean economy by a
:03:16. > :03:24.third at what if they continue their tough stand and posturing? What is
:03:25. > :03:28.likely to happen next? There is still room to escalate sanctions and
:03:29. > :03:47.that is what Secretary of State Rex Tillerson is doing by attending the
:03:48. > :03:57.asiago forum -- asked ASEAN Forum. Also reducing Thailand's link to
:03:58. > :04:08.North Korea. Taking a look at some earnings news. A fall in bad debts
:04:09. > :04:18.and Commonwealth bank said there was a rise as a result of being accused
:04:19. > :04:23.of breaking money-laundering laws more than 50,000 times. The bank is
:04:24. > :04:38.claiming a software glitch is to blame. More than $400 billion to be
:04:39. > :04:45.slashed as a restructuring for time link. It has been struggling with
:04:46. > :04:50.falling advertising and revenues as more people read articles online.
:04:51. > :04:58.The term has already cut jobs and its shareholder dividends to reduce
:04:59. > :05:04.costs. -- the firm. Profitability falling by 9% in the three months to
:05:05. > :05:11.June two $2.4 billion because of higher programming cost and fall of
:05:12. > :05:16.television subscribers but what a surprise of the markets was the news
:05:17. > :05:27.that it plans to pull its movies from Netflix. Disney pulling out
:05:28. > :05:33.from Netflix, this is one less major provider for the stream so first? It
:05:34. > :05:37.is quite a big blow for Netflix because the two companies had come
:05:38. > :05:43.to an agreement back in 2012 but that only kick in last year. Net
:05:44. > :05:50.flick has hardly seen any benefit from the deal. Now they are pulling
:05:51. > :05:53.all movies in order to start its streaming service. It makes sense
:05:54. > :06:00.for Disney with all the movies and shows it can offer and in order to
:06:01. > :06:09.do so it is buying an additional state in the company to boost its
:06:10. > :06:15.video streaming. ESPN is going to start a similar service next year.
:06:16. > :06:23.ESPN has been losing a lot of money, particularly on the cable side, they
:06:24. > :06:32.have been cutting. What about some of those great movies like Star
:06:33. > :06:44.Wars? By not going to lose them just yet, Netflix. Disney says it. It
:06:45. > :06:52.from the new movies from 2019. So not the final Star Wars will be
:06:53. > :07:05.available. Thank you so much for joining us. Well, moving on. The
:07:06. > :07:09.third instalment of our series of running across the BBC. Today we
:07:10. > :07:15.turn to India and the controversial topic of stem cell banking. In the
:07:16. > :07:20.future it is expected that these cells will be used to treat a host
:07:21. > :07:24.of genetic disorders and rebuild damaged tissue. Some companies are
:07:25. > :07:30.taking advantage and making good money by offering the bank these
:07:31. > :07:40.stem cells. Is this money will spent when the benefits are clear? --
:07:41. > :07:44.unclear. Moments after entering the well, this pay big L may have
:07:45. > :07:51.already saved another lie. Her stem cells are being others that from the
:07:52. > :07:57.blood in her at umbilical cord. With hundreds of trials under way
:07:58. > :08:02.globally, one day they could be used to cure a number of genetic
:08:03. > :08:06.disorders. This is the best time to harvest stem cells, rather than a
:08:07. > :08:12.painful procedure later in life. And there is huge potential for stem
:08:13. > :08:17.cell banking here. At Moe people need to do what is happening here.
:08:18. > :08:22.India Council 20% of the world 's population but less than 1% of stem
:08:23. > :08:27.cell donors come from here. That means the chances of finding a
:08:28. > :08:34.suitable match in India are extremely low. Awareness is growing.
:08:35. > :08:40.A customer base of 250,000 people -50,000 signing up last year alone.
:08:41. > :08:50.As a business expense, prices have come down. It costs just over $1000
:08:51. > :08:55.to stall stem cells was 75 years. It is still a high cost for the average
:08:56. > :09:04.Indian especially when the chance of using your stem cells for treatment
:09:05. > :09:10.at less than 0.0 1%. The benefit was only limited to the baby but now we
:09:11. > :09:19.have made a way that parents can share stem cells at large and that
:09:20. > :09:25.increases the odds. It is a multi- folded benefit. Experts agree that
:09:26. > :09:30.sharing stem cells will increase the chances of finding a donor
:09:31. > :09:32.exponentially. The concept of community banking encouraged
:09:33. > :09:42.first-time parents to bank their babies stem cells. We are very lucky
:09:43. > :09:47.that something will come from a baby to help babies in the future.
:09:48. > :09:52.Although sceptics said the medical science is in the early stages,
:09:53. > :09:57.parents are willing to take a chance and pay the price to potentially
:09:58. > :10:01.protect their new arrivals. Join us in the conversation online. We are
:10:02. > :10:07.asking whether stem cell banking is a worthwhile investment in the
:10:08. > :10:12.future. Let us know your thoughts. Looking at the financial markets in
:10:13. > :10:20.Asia... Rising tensions between the US and North Korea, the Nikkei is
:10:21. > :10:30.down. And the all ordinary is getting back a 2.5 points --8. Thank
:10:31. > :10:33.you for joining us.