14/11/2017 Asia Business Report


14/11/2017

Live from Singapore, the essential business news as it breaks and a look ahead to the news that will shape the business day.


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And the top story here in the UK.

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The government says MPs will be

given a take-it-or leave-it vote

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on the final Brexit deal before

the UK leaves the EU.

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Resident Ron heads back home to the

US from Asia with billions of

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dollars' worth of contracts for

American companies but could he

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sealed a deal with China? --

President Trump. And the numbers

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don't like, wearable technology

telling sports coach is how hard

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their teams are working. Welcomed

Asia Business Report. I am Sharanjit

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Leyl. It's been a world wind --a

whirlwind tour of Asia for President

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Donald Trump, a difficult task to

reassure America's allies in the

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region, persuade China to pressure

North Korea and demonstrate the US

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is still willing to do business with

Asia. I spoke to Ian Bremner earlier

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and asked how successful his being.

It was moving forward with the

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Trans-Pacific Partnership, the TPP

11, which does not involve the

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United States. Trump did get a

number of headline bilateral

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investment deals signed, some of

which are new, some not. Not

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unusual, a lot of presidents do

that. China, Trump has said, and I

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think this is a victory, he's gotten

the Chinese to do more in punishing

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the North Koreans are a number of

things they have done to upset the

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need -- the international community,

nuclear missiles, the Chinese

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supporting Trump and the Chinese are

upset with Kim Jong-un but in terms

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of access of American corporations

to the Chinese market, intellectual

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property being stolen and technology

transfers, most importantly what the

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Chinese are doing in IT and

technology, the Americans are

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getting nothing of what they want

and certainly in terms the trade

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deficit. No movement.

We know there

has been billions of dollars of

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deals announced. What that goes some

way to plucking that huge trade

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deficit?

Not really. These ideals

which are going to play out in

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headline numbers which are great.

Some of them need to actually get

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implemented. We see the final

numbers usually are not. They

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initially announced. That's not

unusual for Trump. It happens all

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the time with presidential visits.

Under mentally, the importance of

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trade architecture being driven

everywhere but the United States is

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much more impactful on things like

trade deficits that any one-off

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deals.

Would you agree that Trump's

America first policy is essentially,

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by nature, protectionist?

Is turning

his back free trade? It's

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interesting. I would say more

economic nationalists. He wants a

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bilateral trade deal which is more

attractive for the Americans. Shinzo

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Abe is one of Trump's best friends,

if not best friend internationally,

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and said absolutely not.

That tells

you a lot of what you need to know.

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That was Ian Bremmer talking about

those deals. Max Morrison is here

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with a more detailed look.

You heard

him saying that the headline numbers

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are good. Donald Trump fancies

himself as the dealmaker in chief.

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The headline figure is quite

significant. The lion's share coming

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from China including some blue-chip

names like Boeing and Qualcomm.

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Japan and Vietnam's and South Korea.

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Japan and Vietnam's and South Korea.

The Philippines is work in progress.

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They have made promises, no hard

deals coming through. It is

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business. The men around of

understanding. Deals down the road,

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not legally binding. These things

don't happen overnight. They take

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legal groundwork. If you look at one

particular sector, and that is

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energy. Major deals were announced.

The biggest of them, $43 billion

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into Alaska and if confirmed, it is

significant because given all the

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political concerns over Chinese

companies investing in America, that

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such a deal would go through. An

analyst I spoke to earlier said a

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lot of this was for perception. Good

politics, we will see if it's good

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business.

Of course. We know with

Donald Trump, is America first

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polity is geared towards bringing

jobs back to America. Are any of

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these

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jobs back to America. Are any of

these deals going to achieve that?

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Jobs, absolutely. He loves to say

bringing jobs back to America. That

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Alaska project we were talking

about, up to 12,000. But the energy

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analyst I spoke to say there has

dashed those were American

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construction jobs, 4-5 years, laying

cement and welding and steel, they

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are not long-term jobs. Again,

perceptions, look at all these jobs.

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Long-term, not as much. You

mentioned Qualcomm. They are in the

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news because they have turned down a

$130 billion bid and this could set

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the stage for a bitter fight in the

world of mobile technology.

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Singapore-based Broadcom made the

offer at the chief of Qualcomm says

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it undervalues the company. Shares

in Barbie toymaker Mattel had jumped

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over rumours of a takeover by

Hasbro. Last month, shares in both

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Dell after the bankruptcy of Toys R

Us. And but Coyne has bounced back

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after losing more than a third of

its value in three days. -- ??MACRO1

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or two. A planned soft -- Bitcoin. A

planned software upgrade provided

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issues. Australia's business

confidence surged to its highest

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record October, with strength of

sales and profits seen across a

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range of industries. The National

Australia Bank survey showed its

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index of business quadrupled in the

long-run average however this is in

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stark contrast to the mood of

consumers who are greatly concerned

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about rising utility costs. In the

world of professional sport, elite

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athletes and their coaches know that

even the smallest difference can

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actually translate into a

significant advantage and a

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little-known Australian company is

scoring big, designing a new way for

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coaches to train their teams by

using wearable devices. We look at

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how technology and sports is

changing the game.

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In again, in again. Be patient, be

patient.

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With these things, what we could not

do before, if there is a low

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intensity of training and you come

to him after and you say, look, you

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have to push again, it is coming,

you are not doing anything. Today,

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nobody can hide any more.

That it is

a game-changer for sports,

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especially elite sports. Technology

has given a new dimensional to the

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world of football.

They capture the

signals of the GPS or the American

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and Russian satellites and from

there, they capture all the

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movements of the players on the

pitch. Crunching numbers, it is very

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small. And this shows how high the

play was working.

You don't

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necessarily want to look at the

distance. Another player runs from A

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to B, 50 metres, might sprint, jump,

jog, and they calculate that.

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Staying with sport, the first time

in 60 years, Italy has been

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eliminated from the football World

Cup finals next year in Russia. The

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Italian team who were four times

winners of the World Cup and you can

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see them here trading, they were

held to a 0-0 draw by Sweden in the

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play-offs. But have a quick look at

the markets.

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We are also expecting retail sales

number later in the day from the US.

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And that is it for

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