:00:09. > :00:13.China's Communist Party congress comes to an end
:00:14. > :00:17.with President Xi Jingping exerting a tighter control on power.
:00:18. > :00:19.The President is expected to consolidate his position
:00:20. > :00:21.for another five year term and is set to become
:00:22. > :00:24.the most powerful leader of the country in decades.
:00:25. > :00:28.New York prosecutors are investigating the company
:00:29. > :00:32.co-founded by Harvey Weinstein following multiple allegations
:00:33. > :00:35.of sexual assault against the Hollywood producer.
:00:36. > :00:38.And this story is popular on BBC.com...
:00:39. > :00:41.The Portuguese footballer Cristiano Ronaldo has won the Fifa
:00:42. > :00:44.men's Player of the Year award for the second year in a row.
:00:45. > :00:48.And Lieke Martens claimed the women's player award
:00:49. > :00:51.after inspiring Holland to victory on home soil at Euro 2017.
:00:52. > :01:09.Theresa May has told MPs that there is a "new momentum"
:01:10. > :01:12.in the Brexit negotiations and what she called a "willingness
:01:13. > :01:16.For Labour, Jeremy Corbyn said the Brexit talks had reached
:01:17. > :01:18.an impasse because of divisions within the Cabinet.
:01:19. > :01:29.Now on BBC News all the latest business news live from Singapore.
:01:30. > :01:43.A former hate just be trader is found guilty of fraud in $3.5
:01:44. > :01:51.billion currency deal. We check out how the shopping with science and
:01:52. > :01:56.the customers the guinea pigs. Good morning Asia, hello word. It is
:01:57. > :02:03.Tuesday and glad you could join us. We start off in the US and according
:02:04. > :02:10.to New York, they have found a former HSBC traded guilty in
:02:11. > :02:15.defrauding a $3.5 billion currency deal in 2011. Mark Johnson has been
:02:16. > :02:20.accused of exploiting confidential information. Joining us is our
:02:21. > :02:24.business reporter, Monica Miller. This court case is being closely
:02:25. > :02:29.watched in the financial community? Absolutely, it took the jury in
:02:30. > :02:37.Brooklyn two and a half days to find him guilty of defrauding his clients
:02:38. > :02:43.in 2011. What prosecutors argued is Johnson, with his colleagues at
:02:44. > :02:49.HSBC, inflated sterling right before they converted three and a half
:02:50. > :02:57.billion dollars into sterling and what he got in return was $7 million
:02:58. > :03:02.in profit for the bank. Prosecutors used audio recordings and probably
:03:03. > :03:06.the most incriminating one they had was one of him saying, I think we
:03:07. > :03:12.got away with it. Johnson's lawyer says his client is innocent and his
:03:13. > :03:16.words were taken out of context. Monaco, what makes this case so
:03:17. > :03:20.unusual because banks for many years have been known to manipulate the
:03:21. > :03:25.currency markets? You are right, but what makes this case difference is
:03:26. > :03:31.they went after an individual and he went on trial in the US. Johnson, he
:03:32. > :03:35.could potentially get 20 years in prison when he is sentenced later
:03:36. > :03:38.this year. This is the beginning of a larger case. The US Justice
:03:39. > :03:45.Department worked with UK officials in looking into a huge, global the
:03:46. > :03:51.nippy Laois and of foreign currencies. They are looking at
:03:52. > :03:57.Stuart Scott, another colleague, who left HSBC bank in 2014 but is now
:03:58. > :04:03.fighting extradition to the US. This is something we should be watching
:04:04. > :04:09.over the next days and weeks. Moving to other news, the US commerce
:04:10. > :04:14.Department is levying preliminary anti-dumping duties on bio diesel
:04:15. > :04:21.from Argentina and Indonesia. The fuel has arrived from animal or
:04:22. > :04:26.vegetable fat. It is rated at 70%. A final decision will be reached in
:04:27. > :04:31.early November. China's biggest online publishing company is looking
:04:32. > :04:38.to raise $1 billion through additional public offering. China
:04:39. > :04:45.literature, plans to list in Hong Kong next month. They posted a
:04:46. > :04:51.profit of $6.4 million last year after previously losing money.
:04:52. > :04:53.German car-makers has had their premises searched by European
:04:54. > :04:58.officials as part of an investigation into possible cartel
:04:59. > :05:03.behaviour. BMW were raided last week by anti-trust investigators. They
:05:04. > :05:08.are looking into allegations that the German car industry colluded on
:05:09. > :05:13.technology and diesel prices for decades. Singapore has placed a in
:05:14. > :05:20.car ownership preventing citizens from buying new vehicles until this
:05:21. > :05:25.policy is reviewed again in 2020. The transport authority says the
:05:26. > :05:30.lack of available land and funds in public transport justified this new
:05:31. > :05:34.policy. Singapore has more than 5.6 million people, but just 600,000
:05:35. > :05:40.cars. Meanwhile, 12 major cities around the world including London
:05:41. > :05:45.and LA have said they will only buy zero emission buses starting in
:05:46. > :05:49.2025, the decision is part of efforts by municipal governments to
:05:50. > :05:52.fight climate change. But beyond government policy, how can the
:05:53. > :05:59.private sector play a role? Earlier I pose the question to the former
:06:00. > :06:04.president of Costa Rica, who now has a think tank devoted to finding
:06:05. > :06:08.business solutions to environmental problems. More businesses are
:06:09. > :06:11.understanding that reducing carbon emissions is also a contributing to
:06:12. > :06:18.the bottom line of their business. You look at that, mainly in the
:06:19. > :06:26.energy sector but other sectors as well. Have you got any examples?
:06:27. > :06:31.Shipping. You have 50,000 ships are patrolling the oceans. They go up in
:06:32. > :06:36.a dry dock every five years. If you take that opportunity to invest
:06:37. > :06:40.2,000,006 or eight technologies, you roll them off from the dry dock
:06:41. > :06:45.consuming 20% less fuel which goes directly to the bottom line and 20%
:06:46. > :06:50.less emissions. It is easier said than done because a lot of
:06:51. > :06:55.businesses are saying to reduce carbon emissions is also heavy on
:06:56. > :07:00.the pocket. It is capital intensive. To start any business you are
:07:01. > :07:05.required to do some investment. Transition to a low carbon economy,
:07:06. > :07:07.providing jobs as we do it and creating new business models is all
:07:08. > :07:13.in line with reducing carbon emissions. This is the great
:07:14. > :07:19.opportunity of humanity to reinvent ourselves along a different, cleaner
:07:20. > :07:24.economy. As a former head of state of Costa Rica, how important is that
:07:25. > :07:30.governments get on board, not just for policy but also to incentivise
:07:31. > :07:35.the private sector? Governments have two responsibilities. One is sending
:07:36. > :07:39.the correct signals to markets, in terms of where we want to go with
:07:40. > :07:43.the Green economy and the other one is becoming an example, governments
:07:44. > :07:49.purchase, they can purchase green. Governments can bring out regulation
:07:50. > :07:54.and good quality policy. That is what good governance is all about.
:07:55. > :07:59.That is what is required as a complement to the investment of the
:08:00. > :08:04.private sector. But governments may have policies, but it is also about
:08:05. > :08:09.implementation and political will. Do governments have that right now?
:08:10. > :08:15.More and more you are seeing that and you had shining examples of that
:08:16. > :08:25.in Asia. What China is doing is absolutely incredible. What India is
:08:26. > :08:30.now doing, even beyond what they had to do, is frankly, breathtaking. The
:08:31. > :08:36.former president of Costa Rica and now, with the carbon War room.
:08:37. > :08:41.Whether you view shopping as a passion or a punishment, did you
:08:42. > :08:44.ever think the items you buy are influenced by subconscious queues.
:08:45. > :08:50.It is something retailers and companies are keen to find out. We
:08:51. > :08:53.went to a shopper 's science lab equipped with state-of-the-art
:08:54. > :08:59.technology. We are in something of a shopper science lab, it looks like a
:09:00. > :09:05.regular store but it is a mock-up. It has been set up by consumer
:09:06. > :09:10.health. Tell us about why you have set this up? This facility is a
:09:11. > :09:14.place where we intend to work with both shoppers and retail partners to
:09:15. > :09:19.help understand how, when shoppers walk into a shop like this, how do
:09:20. > :09:23.they navigate and interact with the category, how they look at brands.
:09:24. > :09:30.You are in the Asia Pacific reason for the first time and we will see a
:09:31. > :09:33.typically Asian store. Where is this from? This is intended to reflect
:09:34. > :09:42.the store in a place like India, where in like some of the other
:09:43. > :09:46.countries you have smaller formats, more clutter and more dimly lit. The
:09:47. > :09:52.way shoppers interact with the brand and the category could be different
:09:53. > :09:56.from the way they do in a typical modern trading environment. You said
:09:57. > :10:02.her shoppers interact, how do you monitor that? What you see is new
:10:03. > :10:08.technology that we have, which is I tracking. I will demonstrate this by
:10:09. > :10:13.putting on these glasses and looking around the shelves. It is all about
:10:14. > :10:16.product placement? When you wear these glasses and sharp doing the
:10:17. > :10:21.shopping mission, we can understand at what sequence and where you are
:10:22. > :10:26.looking. What do you do with a wall like this specifically when it comes
:10:27. > :10:31.to product placement? This is a digital wall where you can move
:10:32. > :10:35.products and brands around from one shelf to another and finally arrive
:10:36. > :10:40.at an optimal placement for all brands which can help enhance retail
:10:41. > :10:43.value and like I said, make the whole shopping seamless and painless
:10:44. > :10:50.for the consumers walking into that store. We have just left the science
:10:51. > :10:55.lab because the reality is, customers are shopping online. So
:10:56. > :10:58.tell us, how are you tracking that? The camera in front of me has
:10:59. > :11:05.calibrated my eyes in a way where the Orange. You see on the monitor
:11:06. > :11:11.to your left is how I am looking and where my gaze is going. Using this
:11:12. > :11:14.research data, we can understand how to optimise and mobile commerce
:11:15. > :11:19.site, where do we placed the brands, how do we get them to navigate the
:11:20. > :11:23.whole store online better. So basically to determine how customers
:11:24. > :11:28.shop. Thank you for showing us. And the science of shopping in the
:11:29. > :11:35.markets, it could be volatile for Asia this Tuesday after US stocks
:11:36. > :11:43.were down in the technical and industrial sectors.
:11:44. > :11:49.Thank you for your time. Sport Today is coming up next.
:11:50. > :11:54.The final day of China's 19th party congress is taking place in Beijing,
:11:55. > :11:57.with President Xi Jinping looking set to be confirmed as China's most