0:00:00 > 0:00:03Now on BBC News, all the latest business news live from Singapore.
0:00:14 > 0:00:20The magic 7%. Will India's latest growth figures deliver? We will look
0:00:20 > 0:00:25at factors affecting India's economic potential. Trade deals you
0:00:25 > 0:00:30can sink your teeth into. I know about the possible impact of the
0:00:30 > 0:00:34changes to the American free trade agreement. -- North American Free
0:00:34 > 0:00:42Trade Agreement. Good morning, a ship. Hello, world. It's a Monday,
0:00:42 > 0:00:47the start of a new trading week. Glad you could join us for another
0:00:47 > 0:00:52exciting edition of Asia Business Report. I'm Rico Hizon. We take a
0:00:52 > 0:00:57look at the markets and it's going to be an busy week when it comes to
0:00:57 > 0:01:01economic development in Asia. Here is what we are tracking. We start
0:01:01 > 0:01:06off with India releasing its latest growth numbers for the three months
0:01:06 > 0:01:12until December. Also on Monday, the latest indicator on China's
0:01:12 > 0:01:20manufacturing activity. And Jerome Powell makes his first major
0:01:20 > 0:01:27appearance as Fed chief in front of Congress.The market only looks at
0:01:27 > 0:01:34that possibility although the Ranger now it's about a 6.5 - 7% GDP
0:01:34 > 0:01:42numbers. Generally, it's improving from October to December period.
0:01:42 > 0:01:51Rate remains to be seen the.Do you think the Chinese forecast is for it
0:01:51 > 0:01:57to slow down? Is it likely to reflect to manufacturing activity
0:01:57 > 0:02:03this month?This could really be the case. There are some Chinese
0:02:03 > 0:02:10distortions but I think the numbers the macro expansion territory, the
0:02:10 > 0:02:14market should not be too. The government is focusing on more
0:02:14 > 0:02:17sustainable growth moving forward, so that current number should not
0:02:17 > 0:02:27matter too much. For manufacturing. All eyes will definitely be on new
0:02:27 > 0:02:30Fed chief Jerome Powell this week. Will he basically say what was
0:02:30 > 0:02:38already said in the minutes of the previous month? Higher inflation and
0:02:38 > 0:02:47potentially three or four rate hikes in 2018?I think he is one who will
0:02:47 > 0:02:54champion continuity, in this case we focused on inflation. In upbeat
0:02:54 > 0:02:57sentiment towards growth. I don't think there's going to be too much
0:02:57 > 0:03:07of a surprise to the market. The respect of the volatility we are
0:03:07 > 0:03:24seeing... It will be something to look at.India's reportedly looking
0:03:24 > 0:03:30for government backing for a project in Wales. Let's cross over to Delhi.
0:03:30 > 0:03:37Do you think this will materialise? Thank you. We are looking at about
0:03:37 > 0:03:464000 jobs in at the moment. Even as Tata steel is going ahead with the
0:03:46 > 0:03:54merger. Looking at Tata steel seeking £60 million from the UK
0:03:54 > 0:03:59Government, that's the UK tax payers money. This, they feel, is essential
0:03:59 > 0:04:08to keep operations up to speed. And isn't it addition -- is in addition
0:04:08 > 0:04:12to a £30 million that was also invested by Tata steel last year.
0:04:12 > 0:04:16Port Talbot has been at the centre of negotiation with the UK unions
0:04:16 > 0:04:24for Tata steel and this, when it announced his plans for its merger,
0:04:24 > 0:04:30they were worried about the risk of job losses. That time, it was agreed
0:04:30 > 0:04:35that about $1 billion would be invested, given the market
0:04:35 > 0:04:41conditions. And now it seems that Tata steel wants to raise this money
0:04:41 > 0:04:46from the UK Government according to reports. Official statement is yet
0:04:46 > 0:04:50to be made.Thank you so much. Our business reporter. In
0:04:50 > 0:04:55telecommunications, if you want to see the future shape of mobile
0:04:55 > 0:04:59phones, Barcelona is the place to be this week. The industry's biggest
0:04:59 > 0:05:07annual shindig, the mobile Congress gets underway today. And some of the
0:05:07 > 0:05:11newest models have already been unraveled. Take a look at the
0:05:11 > 0:05:13throngs of people going through the crowd to see the latest mobile
0:05:13 > 0:05:20phones. Art technology correspondent reports that it's getting ever
0:05:20 > 0:05:25harder to make new phones stand out of the crowd. The fastest moving
0:05:25 > 0:05:29industry on earth is in Barcelona this week. But lately, the
0:05:29 > 0:05:33mobilephone business has hit a speed bump. Smartphone sales dipped at the
0:05:33 > 0:05:37end of last year and the phone companies know they need to get
0:05:37 > 0:05:40people new reasons to upgrade.I want access to the Internet wherever
0:05:40 > 0:05:47I am, I want instant access to everything.If my phone slows down
0:05:47 > 0:05:51to the point where it's not processing the way I need it to,
0:05:51 > 0:05:55that's where I go get anyone.I feel like it would have to replicate the
0:05:55 > 0:05:58iPhone a lot because that's the standard. It would have to almost
0:05:58 > 0:06:02exceed expectations of the iPhone. Don't tell that to Samsung which
0:06:02 > 0:06:05believes its galaxy smartphone set the standard. The industry's jackpot
0:06:05 > 0:06:12the spectacular -- spud on a spectacular show to release the
0:06:12 > 0:06:16latest version, which seems very similar to last your's model.
0:06:16 > 0:06:19Getting a high-end smartphone to stand up from the crowd is getting
0:06:19 > 0:06:23ever harder but Samsung believes slow motion could be the answer. The
0:06:23 > 0:06:29camera on the phone can make anything happen about 30 times
0:06:29 > 0:06:33slower. Another gimmick, you can create an animated emoji that looks
0:06:33 > 0:06:39just like you. It is this me, really? Well, sort of. Samsung has
0:06:39 > 0:06:42decided it is the camera and everything it can do that is now
0:06:42 > 0:06:47keep.We know annually this over a Trojan photos shared globally. Today
0:06:47 > 0:06:53on a daily basis, people share 5 billion um oh geez --
0:06:56 > 0:07:05... It's not just for taking photos any more.Nokia continues. This
0:07:05 > 0:07:11time, another retro phone, the so-called banana phone. It seems
0:07:11 > 0:07:16every company is struggling to look different.Albeit devices, pretty
0:07:16 > 0:07:26much black rectangles. Consumers ultimately are going to gravitate
0:07:26 > 0:07:29towards big brands, the best deals and I think you really going to
0:07:29 > 0:07:33nothing about replacing the funds as quickly as they used to.Mobile
0:07:33 > 0:07:35phones are not sophisticated supercomputers offer so much more
0:07:35 > 0:07:47than just calls and text. Impressing jaded consumers gets ever harder.
0:07:47 > 0:07:50Negotiators from the United States, Canada and Mexico will be spending
0:07:50 > 0:07:55this week reworking the North American Free Trade Agreement. US
0:07:55 > 0:07:58President Donald Trump has threatened to walk away from the
0:07:58 > 0:08:02Nafta altogether if it is not changed in America's favour. As Joe
0:08:02 > 0:08:06Miller found out in his locker diner, winding back Nafta could be
0:08:06 > 0:08:18very messy indeed. -- in his local diner. Donald Trump talks a lot
0:08:18 > 0:08:23about trade deals. In case you missed it, he's not really a fan.
0:08:23 > 0:08:29Every trade deal we have is horrible.He claims they take away
0:08:29 > 0:08:33from American jobs and really hurt American producers and farmers. But
0:08:33 > 0:08:36one thing we know the president is definitely a big fan of is the
0:08:36 > 0:08:41all-American burger. But the thing is, this burger is really only made
0:08:41 > 0:08:46possible thanks to Nafta or the North American Free Trade Agreement.
0:08:46 > 0:08:49And that's the very agreement that the Trump administration is
0:08:49 > 0:08:53currently in the process of renegotiating. Just to give you an
0:08:53 > 0:08:58example of how complex that is, take the beef from this burger. American
0:08:58 > 0:09:03farmers grow corn. They send that corn into Mexico, to Canada.
0:09:03 > 0:09:08Ranchers there use that to feed the cattle him about 2 million cows to
0:09:08 > 0:09:19be processed. The bun is almost certainly made with Canadian wheat.
0:09:19 > 0:09:22You've got your tomatoes, your lettuce, they are almost certainly
0:09:22 > 0:09:30from Mexico. And if you like mushrooms on your burger, which I
0:09:30 > 0:09:34quite frankly think is a crime commitment again depending on the
0:09:34 > 0:09:38variety could come from any of the three countries. And no burger is
0:09:38 > 0:09:42complete without french fries, which believe it or not, probably come
0:09:42 > 0:09:45from Canada because Canada is actually one of the world's largest
0:09:45 > 0:09:53exporters of frozen french fries. Renegotiating Nafta does not mean
0:09:53 > 0:09:57this burger ceases to exist but what he might do is take a complex dish
0:09:57 > 0:10:04and make it even mark-up located. For now, I'm quite hungry. -- make
0:10:04 > 0:10:11it even more complicated. Me too. I'm really getting hungry. Ready for
0:10:11 > 0:10:14my breakfast. Let's have a quick look right now at the markets.
0:10:14 > 0:10:25Currently all Asian entities are in positive territory. This is after US
0:10:25 > 0:10:31equities rose on Friday. Thank you so much for investing time with us.