22/08/2017 Asia Business Report

Tougher guidelines have been announced by the Crown Prosecution

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

We'll see mining giant shine bright? Posting strong annual profits.

Helping prepare for the afterlife. Good morning, Asia. Hello, world.

Glad you could join us. We start off with BHP Billiton and it posted a

fivefold rise in annual profits at this morning on the back of a

recovery in the industrial comity is set. Analysts looking at this. I

think for the underlying profit results, they were looking for 7

billion and that did not come in. They expected an increase which was

also lower. Fortescue's earnings reported yesterday, a 300 increase

%... Of those numbers are sizzling four Fortescue. When you look at

some of the miners, they have gone through a rough patch. Cutting

expenses. It starts to pay off. Commodity prices start to rise. And

they have indeed, bouncing back from lows earlier this year but can it be

sustained? It depends on the commodity. I would say the prospects

look best for iron ore. The margins for making steel look high. There

will be robust margins on iron ore. But there could be a bullwhip effect

and it could be overdone and prices fall back over time. BHP Billiton

could be facing issues particularly on the oil side because of an

activist investor to divest US share investments. Paul Singer has been

very vocal since April. He went from 4.5% on derivatives to a 5% full

cash position which gives them the power to call extra ordinary general

meetings and have a bigger role in policy. What they really wanted is

to see BHP divested of their share assets. If you look at the results,

there is a concession by Andrew McKenzie, the CEO, they are looking

at the options of a vesting. A minor windfall Paul Singer. --A minor win.

The free trader Meagan between South Korea and US to be looked at. South

Korea is America's sixth biggest trading partner. Since the trade

deal, America said that the trade deficit has doubled to over 27

billion US dollars. Supporters have applauded getting rid of 95% of

tariffs on consumers and industrial products. I spoke to an Asia analyst

and asked her if this is as horrible as President Trump says? It is not

horrible. It might not have succeeded in the way they hoped, at

least the US hoped that it is not a bad deal at all. As an increase of

22% so that is good but if you look at services, the US is doing pretty

well. They have raised their exports by 22%. You have to look at the

global picture and the bilateral trade between the two trades

increased significantly. A Russian heavyweight trying to purchase an

Indian giant it is priced at $30 billion.

This is the kind of market the Russian giant will be able to take

advantage of. The demand for oil is expected to grow to 4.5 million

barrels a day in India. 5% of global consumption. With this deal,

Russia's biggest oil producer ruled that a real edge in the trade. It

will have access to more than 3000 petrol stations across India and a

deepwater port in the Indian Ocean and close to the Gulf. That will

allow it to increase its oil production by six times that this

deal is crucial for SR group also which is trying to reduce it debt

and a struggling still industry. It took ten months for the deal to

complete and that was after two years of initial taught. The biggest

hurdle was resistant to several Indian banks that have large

exposure to both companies. It seems both sides are winners but with

Russia facing sanctions, the company seems to have secured a coup of

sorts given it a strong foothold in a growing market.

Great Wall motors has confirmed reports it is interested in buying

the world 's seventh largest car maker, Fiat Chrysler although they

have yet to receive an approach. Great Wall is interested in the

partial stake. The idea of Chinese ownership may not be popular in

America is President Trump is focused on US manufacturing. Every

new idea in silicon valley seeks to disrupt an industry but what about

the business of death? We look at a couple of noble ways to look at

preparing for our tests and to remember loved ones once they are

gone. Thinking about death can be

difficult and uncomfortable but I looking at a chat what that takes

you through some of the most important question stashed want be

resuscitated? One family members to pray for me if I am conscious? Low

folder, a small starter based in Oakland has started it. The problem

is, a lot of these forms are not that easy to understand and it is is

much easier to be talked through a step-by-step. At the end of the

conversation, you will receive a link by e-mail. Documents will

include legally binding documents that you can sign and have witnessed

all notarised. At that point they are legally binding. Using

technology like this could give us a more comfortable and private way to

answer difficult questions about the end of our lives and they also offer

the chance to have a vivid memory of loved ones as well as of when James

learnt his father was terminally ill, he set about creating a chat

bot that would mimic responses his father would have made. I have some

background in this AI technology which can allow this. Fairly soon it

just came to feel like this is something I should do. This is the

role material. James interviewed his dad about all aspects of his life so

the texts were in character. Let's talk about Colledge... He also

recorded his dad singing his favourite college songs for when

words on the screen could not tell the whole words. Do you think there

is a business here? I am convinced there is a business around this just

because it is so universal and everybody has lost somebody, is

losing somebody, and is already grasping at every tech illogical

means to keep them around. Now James says and intends to use at the

knowledge it is a private way to remember his father.

Join the conversation online. You use it? Leaving the food and

McDonald's is shutting down almost 170 restaurants in India after a

dispute with a local could not be resolved. Or decision will

potentially live thousands of people losing their job. Also the shares

would go down in the Indian booming food market. It has really been

losing shares to rivals such as Domino's pizza. Flat and lower for

most of the Asian markets open for trading. Lacklustre action as

tensions simmer between the US and North Korea and doubts about Donald

Trump's business agenda tax cuts and infrastructure spending. Sport Today

is coming up next. The US navy temporarily suspends

operations worldwide after one