0:00:00 > 0:00:05from sexual harassment.
0:00:05 > 0:00:15Now on BBC News all the latest business news live from Singapore.
0:00:16 > 0:00:21New leadership of the US Central Bank. Who will take on the top job
0:00:21 > 0:00:27when Janet Yellen's term ends in February? And one start-up is
0:00:27 > 0:00:36putting a twist on prefab compact homes by adding a designer touch.
0:00:36 > 0:00:43Good morning, Asia. Hello, world. Glad you could join us. Hope you had
0:00:43 > 0:00:48a great weekend. We start in the US and the chance is President Donald
0:00:48 > 0:00:54Trump will reappoint -- the chances of Donald Trump reappointing Janet
0:00:54 > 0:00:57Yellen are looking slim. The commander-in-chief is looking for a
0:00:57 > 0:01:07replacement. We take a look at the front-runners.
0:01:07 > 0:01:10Don't expect presidential level political campaigning. The decision
0:01:10 > 0:01:19on becomes who is the next bed share. Who is in the running? Status
0:01:19 > 0:01:27quo is the easiest thing to do. Keep Janet Yellen in the post. But she
0:01:27 > 0:01:32has disagreed with the President on rolling back banking rules after the
0:01:32 > 0:01:41financial crisis. Then there is Eric Kohn, the head of the president's
0:01:41 > 0:01:46National Economic Council. But their relationship went south after he
0:01:46 > 0:01:53disagreed with President from's reaction to the violence in
0:01:53 > 0:01:56Charlottesville. John Taylor is a Stanford economist and always on the
0:01:56 > 0:02:02Republican list of potential Federal Reserve chairs but never gets the
0:02:02 > 0:02:07job. But markets might have a complete freak out. He is a Hawk who
0:02:07 > 0:02:11thinks interest rates should be much higher despite lower inflation.
0:02:11 > 0:02:16Girard Powell is a Republican, current member of the board with
0:02:16 > 0:02:20private sector experience but he has voted in favour of post financial
0:02:20 > 0:02:30crisis rules that the President wants to roll back. And then there
0:02:30 > 0:02:34is Kevin Warsh. He has been on the board for a decade but may want to
0:02:34 > 0:02:38see interest rates go up faster and he was wrong about the risks of high
0:02:38 > 0:02:42inflation would have fared's accommodative monetary policy.
0:02:42 > 0:02:47Whoever gets tapped will have a tough job ahead, steering the
0:02:47 > 0:02:50American economy of historic low interest rates without sinking the
0:02:50 > 0:02:57recovery.
0:02:57 > 0:03:01Shares of Kobe Steel have pushed higher, the third-largest steelmaker
0:03:01 > 0:03:05in Japan under a cloud of controversy after admitting to
0:03:05 > 0:03:09falsifying dart on a range of products. Will these earnings be
0:03:09 > 0:03:15affected by the scandal?We are expecting the first half result in
0:03:15 > 0:03:20about five hours from now but they have said they can't determine what
0:03:20 > 0:03:27impact this scandal will have on the bottomline. Kobe Steel forecast a
0:03:27 > 0:03:33profit for the year ending March 2018 after two successive years of
0:03:33 > 0:03:39major losses. That might actually changed now. If you look at this
0:03:39 > 0:03:43chart, you will see that making matters worse is a massive share
0:03:43 > 0:03:48price lost. More than a third of its value since the scandal broke at the
0:03:48 > 0:03:52start of year, wiping out nearly $2 billion in value. Shareholders may
0:03:52 > 0:03:59agitate with of the raising money to cover possible damage down the line.
0:03:59 > 0:04:05We could see Kobe Steel potentially sell assets in the future.Many
0:04:05 > 0:04:11challenges facing Kobe Steel. Thank you very much, Leisha Santorelli.
0:04:11 > 0:04:13Remaining members of the Trans-Pacific Partnership a meeting
0:04:13 > 0:04:17from today to finalise the trade pact. New Zealand wants to
0:04:17 > 0:04:21renegotiate and the US has pulled out. Earlier, I spoke to the chief
0:04:21 > 0:04:28market strategist for active trader, Greg McCann.New Zealand was one of
0:04:28 > 0:04:33the key countries that got everybody back to the table after Donald Trump
0:04:33 > 0:04:38left -- left but this new left-leaning government is keen to
0:04:38 > 0:04:41negotiate the outlook for property buyers. New Zealand property prices
0:04:41 > 0:04:46have gone up quite a bit and they are looking to renegotiate that,
0:04:46 > 0:04:54looking to renegotiate the RBNZ act. I genuinely think it is an open
0:04:54 > 0:05:03question as to what this government wants.It's early days. Flatpack or
0:05:03 > 0:05:09modular homes have traditionally been used to build low-cost housing
0:05:09 > 0:05:13but one Filipino entrepreneur is using that prefab technology to
0:05:13 > 0:05:22contract -- construct luxury homes. The company behind this is the first
0:05:22 > 0:05:26start-up to have a billion-dollar valuation as we see in this week
0:05:26 > 0:05:34episode of by design.How do you create a massively different shade
0:05:34 > 0:05:48of company that will transform the way home building is being done?
0:05:54 > 0:06:00I thought to myself, imagine serving a group of people who would now live
0:06:00 > 0:06:11in aid designer home for $100,000 US. Such a formidable concept. White
0:06:11 > 0:06:16spent clothes with an amazing design when you can't do that same thing
0:06:16 > 0:06:20with the most important purchase of your life, a home? This is a 1-
0:06:20 > 0:06:25bedroom, and we can build it to dream, 3-bedroom, three bedroom with
0:06:25 > 0:06:30parking versions. It shows the concept of modularity and
0:06:30 > 0:06:36flexibility which is extremely valuable to many. Those who want to
0:06:36 > 0:06:39customise their homes.
0:06:46 > 0:06:52The homes can be done anywhere from two months to three months at least.
0:06:52 > 0:06:58That is something that is massively changing the landscape today.
0:07:14 > 0:07:20The gaming industry is worth more than 100 UN dollars globally but the
0:07:20 > 0:07:23small developers, it can be a struggle to get their companies off
0:07:23 > 0:07:34the ground. How reporter Jason McDonald spoke about the new game
0:07:34 > 0:07:46Stifled.It's this game, it fine, I'm not scared Pete -- if you have
0:07:46 > 0:07:50the microphone on comedy enemies can get you. When you make a noise, the
0:07:50 > 0:07:57pulse goes out and lights up the wall like echolocation or sonar.
0:07:57 > 0:08:06That is your resort and your tool. There is always noise which can be
0:08:06 > 0:08:11ongoing but I mustn't make too much noise.Global gaming is a big and
0:08:11 > 0:08:18growing market. Do you have any ambitions to have a mobile version?
0:08:18 > 0:08:27Cross, it's not really about the markets, it is about the game. At
0:08:27 > 0:08:33Stifled, it doesn't make a lot of sense for mobile. It's not
0:08:33 > 0:08:39immersive. You don't want people on the train, there is a lot of noise,
0:08:39 > 0:08:46its bright. You cannot put yourself into the game. You wanted to be
0:08:46 > 0:08:50black, dark room, with some microphone. You can truly hear what
0:08:50 > 0:08:56it is. It's important for us as a studio. We are probably not going to
0:08:56 > 0:09:00do mobile.The developers of angry birds say that they made 50 games
0:09:00 > 0:09:05before they had a hit is it fair to say you have a long way to go?We
0:09:05 > 0:09:09are hoping to get lucky. We have been working on this game for two
0:09:09 > 0:09:13years. From our standpoint as a team, as a studio, we try to make
0:09:13 > 0:09:20our game marketable so we started developing, before we understood
0:09:20 > 0:09:23that the visual style is very unique. The mechanics was
0:09:23 > 0:09:28interesting. All those things, they have up and create a very good
0:09:28 > 0:09:32pulse. It makes the game easier to market and stand out from the clerk
0:09:32 > 0:09:37-- the crowd.The skills are here in Singapore but it's probably more
0:09:37 > 0:09:42expensive than some other places. How is that working out?We have a
0:09:42 > 0:09:49small team of right now. We all graduated from school together and
0:09:49 > 0:09:53basically we don't learn a lot, sometimes we don't pay ourselves but
0:09:53 > 0:09:59we are hoping to improve because we want to make stuff that deserves to
0:09:59 > 0:10:04exist and we want people to play.
0:10:04 > 0:10:08The creator of Stifled speaking to Tim McDonald. In the markets, Asia
0:10:08 > 0:10:19is off to a quick start. All in positive territory. The all
0:10:19 > 0:10:28ordinaries in positive territory. This is after the US market power to
0:10:28 > 0:10:30fresh record highs following blowout earnings from Amazon and other
0:10:30 > 0:10:32giants. Thank you, goodbye