22/08/2017

Download Subtitles

Transcript

:00:00. > :00:00.Tougher guidelines have been announced by the Crown Prosecution

:00:00. > :00:17.Now on BBC News all the latest business news live from Singapore.

:00:18. > :00:35.We'll see mining giant shine bright? Posting strong annual profits.

:00:36. > :00:44.Helping prepare for the afterlife. Good morning, Asia. Hello, world.

:00:45. > :00:51.Glad you could join us. We start off with BHP Billiton and it posted a

:00:52. > :00:55.fivefold rise in annual profits at this morning on the back of a

:00:56. > :01:05.recovery in the industrial comity is set. Analysts looking at this. I

:01:06. > :01:11.think for the underlying profit results, they were looking for 7

:01:12. > :01:21.billion and that did not come in. They expected an increase which was

:01:22. > :01:27.also lower. Fortescue's earnings reported yesterday, a 300 increase

:01:28. > :01:35.%... Of those numbers are sizzling four Fortescue. When you look at

:01:36. > :01:43.some of the miners, they have gone through a rough patch. Cutting

:01:44. > :01:51.expenses. It starts to pay off. Commodity prices start to rise. And

:01:52. > :01:55.they have indeed, bouncing back from lows earlier this year but can it be

:01:56. > :02:11.sustained? It depends on the commodity. I would say the prospects

:02:12. > :02:18.look best for iron ore. The margins for making steel look high. There

:02:19. > :02:25.will be robust margins on iron ore. But there could be a bullwhip effect

:02:26. > :02:30.and it could be overdone and prices fall back over time. BHP Billiton

:02:31. > :02:38.could be facing issues particularly on the oil side because of an

:02:39. > :02:50.activist investor to divest US share investments. Paul Singer has been

:02:51. > :02:56.very vocal since April. He went from 4.5% on derivatives to a 5% full

:02:57. > :03:02.cash position which gives them the power to call extra ordinary general

:03:03. > :03:08.meetings and have a bigger role in policy. What they really wanted is

:03:09. > :03:15.to see BHP divested of their share assets. If you look at the results,

:03:16. > :03:20.there is a concession by Andrew McKenzie, the CEO, they are looking

:03:21. > :03:32.at the options of a vesting. A minor windfall Paul Singer. --A minor win.

:03:33. > :03:41.The free trader Meagan between South Korea and US to be looked at. South

:03:42. > :03:45.Korea is America's sixth biggest trading partner. Since the trade

:03:46. > :03:51.deal, America said that the trade deficit has doubled to over 27

:03:52. > :03:55.billion US dollars. Supporters have applauded getting rid of 95% of

:03:56. > :04:02.tariffs on consumers and industrial products. I spoke to an Asia analyst

:04:03. > :04:10.and asked her if this is as horrible as President Trump says? It is not

:04:11. > :04:16.horrible. It might not have succeeded in the way they hoped, at

:04:17. > :04:25.least the US hoped that it is not a bad deal at all. As an increase of

:04:26. > :04:30.22% so that is good but if you look at services, the US is doing pretty

:04:31. > :04:36.well. They have raised their exports by 22%. You have to look at the

:04:37. > :04:46.global picture and the bilateral trade between the two trades

:04:47. > :04:56.increased significantly. A Russian heavyweight trying to purchase an

:04:57. > :05:01.Indian giant it is priced at $30 billion.

:05:02. > :05:09.This is the kind of market the Russian giant will be able to take

:05:10. > :05:16.advantage of. The demand for oil is expected to grow to 4.5 million

:05:17. > :05:20.barrels a day in India. 5% of global consumption. With this deal,

:05:21. > :05:25.Russia's biggest oil producer ruled that a real edge in the trade. It

:05:26. > :05:30.will have access to more than 3000 petrol stations across India and a

:05:31. > :05:35.deepwater port in the Indian Ocean and close to the Gulf. That will

:05:36. > :05:42.allow it to increase its oil production by six times that this

:05:43. > :05:48.deal is crucial for SR group also which is trying to reduce it debt

:05:49. > :05:52.and a struggling still industry. It took ten months for the deal to

:05:53. > :05:56.complete and that was after two years of initial taught. The biggest

:05:57. > :06:03.hurdle was resistant to several Indian banks that have large

:06:04. > :06:09.exposure to both companies. It seems both sides are winners but with

:06:10. > :06:14.Russia facing sanctions, the company seems to have secured a coup of

:06:15. > :06:18.sorts given it a strong foothold in a growing market.

:06:19. > :06:27.Great Wall motors has confirmed reports it is interested in buying

:06:28. > :06:31.the world 's seventh largest car maker, Fiat Chrysler although they

:06:32. > :06:40.have yet to receive an approach. Great Wall is interested in the

:06:41. > :06:49.partial stake. The idea of Chinese ownership may not be popular in

:06:50. > :06:53.America is President Trump is focused on US manufacturing. Every

:06:54. > :06:58.new idea in silicon valley seeks to disrupt an industry but what about

:06:59. > :07:04.the business of death? We look at a couple of noble ways to look at

:07:05. > :07:06.preparing for our tests and to remember loved ones once they are

:07:07. > :07:12.gone. Thinking about death can be

:07:13. > :07:19.difficult and uncomfortable but I looking at a chat what that takes

:07:20. > :07:22.you through some of the most important question stashed want be

:07:23. > :07:29.resuscitated? One family members to pray for me if I am conscious? Low

:07:30. > :07:35.folder, a small starter based in Oakland has started it. The problem

:07:36. > :07:40.is, a lot of these forms are not that easy to understand and it is is

:07:41. > :07:44.much easier to be talked through a step-by-step. At the end of the

:07:45. > :07:48.conversation, you will receive a link by e-mail. Documents will

:07:49. > :07:55.include legally binding documents that you can sign and have witnessed

:07:56. > :08:02.all notarised. At that point they are legally binding. Using

:08:03. > :08:05.technology like this could give us a more comfortable and private way to

:08:06. > :08:11.answer difficult questions about the end of our lives and they also offer

:08:12. > :08:17.the chance to have a vivid memory of loved ones as well as of when James

:08:18. > :08:22.learnt his father was terminally ill, he set about creating a chat

:08:23. > :08:29.bot that would mimic responses his father would have made. I have some

:08:30. > :08:36.background in this AI technology which can allow this. Fairly soon it

:08:37. > :08:44.just came to feel like this is something I should do. This is the

:08:45. > :08:50.role material. James interviewed his dad about all aspects of his life so

:08:51. > :08:55.the texts were in character. Let's talk about Colledge... He also

:08:56. > :09:00.recorded his dad singing his favourite college songs for when

:09:01. > :09:07.words on the screen could not tell the whole words. Do you think there

:09:08. > :09:12.is a business here? I am convinced there is a business around this just

:09:13. > :09:17.because it is so universal and everybody has lost somebody, is

:09:18. > :09:23.losing somebody, and is already grasping at every tech illogical

:09:24. > :09:27.means to keep them around. Now James says and intends to use at the

:09:28. > :09:30.knowledge it is a private way to remember his father.

:09:31. > :09:44.Join the conversation online. You use it? Leaving the food and

:09:45. > :09:48.McDonald's is shutting down almost 170 restaurants in India after a

:09:49. > :09:52.dispute with a local could not be resolved. Or decision will

:09:53. > :10:01.potentially live thousands of people losing their job. Also the shares

:10:02. > :10:07.would go down in the Indian booming food market. It has really been

:10:08. > :10:14.losing shares to rivals such as Domino's pizza. Flat and lower for

:10:15. > :10:24.most of the Asian markets open for trading. Lacklustre action as

:10:25. > :10:30.tensions simmer between the US and North Korea and doubts about Donald

:10:31. > :10:33.Trump's business agenda tax cuts and infrastructure spending. Sport Today

:10:34. > :10:41.is coming up next. The US navy temporarily suspends

:10:42. > :10:44.operations worldwide after one