Browse content similar to 26/10/2017. Check below for episodes and series from the same categories and more!
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More on that to come, stay with us. | 0:00:00 | 0:00:00 | |
A rise in interest rates next week
is looking increasingly likely, | 0:00:00 | 0:00:02 | |
after the economy performed better
than expected between | 0:00:02 | 0:00:04 | |
June and September. | 0:00:04 | 0:00:05 | |
GDP rose by 0.4%. | 0:00:05 | 0:00:06 | |
Now on BBC News all the latest
business news live from Singapore. | 0:00:06 | 0:00:17 | |
The US dollar is on the rise,
boosted by speculation the Federal | 0:00:17 | 0:00:22 | |
boosted by speculation the Federal
Reserve may get a new caucus chief. | 0:00:22 | 0:00:25 | |
Let's cross over to Thailand where
the funeral procession is underway. | 0:00:25 | 0:00:33 | |
We are witnesses live pictures
inside the grand Palace as the | 0:00:33 | 0:00:37 | |
funeral proceedings for the late
King Bhumibol has begun. Good | 0:00:37 | 0:00:51 | |
morning, Asia. Hello, world. Glad
you could join us. Anticipation over | 0:00:51 | 0:00:56 | |
who might be head of the Federal
Reserve is keeping the US dollar | 0:00:56 | 0:01:03 | |
near its three-month high. President
Trump has not said whether he will | 0:01:03 | 0:01:07 | |
reappoint Janet Yellen, but has
floated other possible contenders | 0:01:07 | 0:01:13 | |
for the top job. We asked inexpert
how this is impacting the markets. | 0:01:13 | 0:01:22 | |
You could say there is a lot of
speculation over US bank policy. If | 0:01:22 | 0:01:27 | |
the Federal Reserve raise interest
rates, but should weaken the Asian | 0:01:27 | 0:01:33 | |
currencies. We have seen significant
declines in the dollar over recent | 0:01:33 | 0:01:37 | |
months. What we could be looking at
is a technical correction. There are | 0:01:37 | 0:01:42 | |
several other factors, economic data
is strong, it looks positive for the | 0:01:42 | 0:01:47 | |
dollar. Pressure in Asian
currencies, pressures in matters | 0:01:47 | 0:01:50 | |
like gold as well. A lot of factors
to juggle. Let's take a look at | 0:01:50 | 0:02:01 | |
President Jean Ping, a five-year
term. Economic policies, what does | 0:02:01 | 0:02:05 | |
this mean going forward? The
conference itself hasn't meant that | 0:02:05 | 0:02:13 | |
much in the near term. But there is
so much uncertainty right now when | 0:02:13 | 0:02:16 | |
you look at Catalonia, the ongoing
EU negotiations. But the agenda has | 0:02:16 | 0:02:26 | |
been on China. Everybody wants to
find out over the next five years of | 0:02:26 | 0:02:30 | |
the leadership, will we see a
liberal? We could say China is | 0:02:30 | 0:02:42 | |
moving forward with progress,
liberalisation and prospects over | 0:02:42 | 0:02:46 | |
the longer term look very good. In
Japan it is a winning situation for | 0:02:46 | 0:02:51 | |
investors. By week yen which
benefits exporters and of course, we | 0:02:51 | 0:02:56 | |
are seeing more than two highs for
the Japanese stock market. Is it | 0:02:56 | 0:03:01 | |
sustainable? We have seen weakness
in the Japanese yen because of the | 0:03:01 | 0:03:07 | |
strength of the US dollar. The
Japanese yen remained negative over | 0:03:07 | 0:03:13 | |
the near-term and it depends on
whether investors look at the yen as | 0:03:13 | 0:03:19 | |
a safe haven asset. Par from the US
dollar, which other currencies do | 0:03:19 | 0:03:23 | |
you favour? There is strength in the
emerging markets. The expectations | 0:03:23 | 0:03:31 | |
will probably put interest rates up
in December. By the end of this year | 0:03:31 | 0:03:37 | |
we could see a rebound in the
emerging market currencies across | 0:03:37 | 0:03:41 | |
Asia. US earnings season is
underway. Coca-Cola is the latest to | 0:03:41 | 0:03:51 | |
beat expectations. They reported
earnings of 50 cents a share in the | 0:03:51 | 0:03:57 | |
third quarter, operating revenues
came in at just over $9 billion. | 0:03:57 | 0:04:02 | |
Looking at those numbers, were
helped by the relaunch of Coke zero | 0:04:02 | 0:04:06 | |
in America as it looks to offer
healthier, lower calorie drinks. | 0:04:06 | 0:04:09 | |
Nike was a top performer on the Dow
index overnight. Shares rising by 3% | 0:04:09 | 0:04:15 | |
after the company gave an upbeat
profit outlook for the next five | 0:04:15 | 0:04:21 | |
years. Nike said it expects digital
revenues to grow from 15 to 30% over | 0:04:21 | 0:04:25 | |
that period. The firm is seeing
strong sales in China, offsetting | 0:04:25 | 0:04:31 | |
slow growth in the US. South Korea's
economy has expanded at the fastest | 0:04:31 | 0:04:38 | |
pace in seven years. GDP expanding
by 1.4% beating the forecast by 0.8% | 0:04:38 | 0:04:45 | |
gain. Due to a strong rise in
exports and construction investment. | 0:04:45 | 0:04:51 | |
Sometimes referred to as middle
Earth, New Zealand is the hotspot | 0:04:51 | 0:04:55 | |
for property buyers around the
world, it is such an extent that New | 0:04:55 | 0:05:00 | |
Zealand's Prime Minister elect has
declared no more and is closing the | 0:05:00 | 0:05:07 | |
gates. The country is banning
foreign buyers purchasing homes in | 0:05:07 | 0:05:13 | |
the country to cool soaring property
prices. For the latest New Zealand | 0:05:13 | 0:05:18 | |
properties, we are joined by my
colleague. Who is buying them? A lot | 0:05:18 | 0:05:24 | |
of people are buying, but who
wouldn't want to loan a beautiful | 0:05:24 | 0:05:29 | |
property on someone's site mountain
Middle Earth, which is the vision of | 0:05:29 | 0:05:34 | |
New Zealand people have thanks to
the movies. But the Prime Minister | 0:05:34 | 0:05:44 | |
elect has said no more, no more
nonresidents buying property in New | 0:05:44 | 0:05:48 | |
Zealand, because it has led to a
huge housing crisis and soaring | 0:05:48 | 0:05:53 | |
prices as well. You mentioned who is
buying. It is the Chinese, the | 0:05:53 | 0:05:58 | |
largest buyers of property in New
Zealand. New have in Australia, they | 0:05:58 | 0:06:05 | |
are coming over and buying property.
We have a lot of tax residents like | 0:06:05 | 0:06:11 | |
the UK, the US and Hong Kong also
buying. Lots of reports saying hedge | 0:06:11 | 0:06:16 | |
fund menaces are snapping up things
like farms and airstrips even. Even | 0:06:16 | 0:06:23 | |
silicon valley futurists, who are
preparing for Doomsday, would you | 0:06:23 | 0:06:26 | |
believe, buying real estate in New
Zealand. Who can forget the surge on | 0:06:26 | 0:06:33 | |
the New Zealand immigration website
just after Donald Trump's election, | 0:06:33 | 0:06:39 | |
by Americans trying to go there in
droves to settle there instead. This | 0:06:39 | 0:06:44 | |
ban is essentially follows housing
prices have escalated, according to | 0:06:44 | 0:06:51 | |
experts they are up 10% in New
Zealand in the last year. There is a | 0:06:51 | 0:06:56 | |
shortage of housing stock and the
low interest rates. This led to a | 0:06:56 | 0:06:59 | |
huge rush to buy property there.
Also, frightening statistics that | 0:06:59 | 0:07:05 | |
Kiwis now own only a quarter, of
Kiwis owned their own property | 0:07:05 | 0:07:14 | |
versus 50% in 1991. There is a lot
of concern this is leading to a | 0:07:14 | 0:07:19 | |
housing crisis and hence this move
by the new Prime Minister elect. A | 0:07:19 | 0:07:28 | |
lot of speculation in property
prices in the South Pacific urges. | 0:07:28 | 0:07:32 | |
Thank you very much. We return to
Bangkok and the funeral proceedings | 0:07:32 | 0:07:37 | |
of the late King Bhumibol Adulyadej,
has begun. You are now looking at | 0:07:37 | 0:07:46 | |
live pictures inside the grand
Palace. We can see the Royal family | 0:07:46 | 0:07:57 | |
in attendance. For the latest, let's
go to Jonathan head who is on the | 0:07:57 | 0:08:03 | |
ground. Jonathan, what are the
scenes there around the palace? | 0:08:03 | 0:08:12 | |
Right around the central area, this
grassy area, where they built this | 0:08:12 | 0:08:19 | |
very elaborate complex pavilions.
There are crowds stretching along | 0:08:19 | 0:08:29 | |
the roads coming in. Ordinary
traffic has been blocked. Possibly | 0:08:29 | 0:08:35 | |
hundreds of thousands inside the
central area. These people are | 0:08:35 | 0:08:37 | |
waiting for a chance to get in.
Although that seems very unlikely. | 0:08:37 | 0:08:42 | |
These lines stretch too far. A lot
of people just wanting to be here. | 0:08:42 | 0:08:48 | |
When the moment comes when the king
is cremated later tonight, they will | 0:08:48 | 0:08:53 | |
all be together and they will share
the moment when they are told it is | 0:08:53 | 0:08:56 | |
happening. Inside, this is inside
the royal palace, the King's body | 0:08:56 | 0:09:02 | |
has been moved. So there is this
separation of the actual body of the | 0:09:02 | 0:09:07 | |
King. He didn't want to be put in
the traditional earn. He wanted to | 0:09:07 | 0:09:11 | |
be laid out in the Coffin, but it is
said to reside in this Kotze, that | 0:09:11 | 0:09:21 | |
has been blessed. There are Buddhist
rituals with monks. It is blessed | 0:09:21 | 0:09:28 | |
before it is moved and is carried in
this three possessions today. | 0:09:28 | 0:09:35 | |
Carried to a carriage, the carriage
weighs 14 tonnes. Then in a slow | 0:09:35 | 0:09:41 | |
possession to the cremation site, it
is then transferred to another gun | 0:09:41 | 0:09:45 | |
carriage and goes round the
cremation pavilion. It is very | 0:09:45 | 0:09:49 | |
ornate. The actual pavilion, it is
meant to represent the mythical | 0:09:49 | 0:09:56 | |
Hindu universe, centred with lots of
mythical creatures around and they | 0:09:56 | 0:10:01 | |
are all supposed to assist King
Bhumibol's a sense, as they see it, | 0:10:01 | 0:10:08 | |
back to heaven. Jonathan head live
from the is Bangkok. We witness live | 0:10:08 | 0:10:16 | |
pictures inside the grand Palace as
the funeral proceedings begin with | 0:10:16 | 0:10:19 | |
the Royal family for the late King
Bhumibol Adulyadej. Thank you so | 0:10:19 | 0:10:26 | |
much by joining us. Goodbye for now. | 0:10:26 | 0:10:35 |