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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I'm Ceila Hatton with BBC News.
Our top story:
President Trump pushes ahead
with his metal tariff's plan.
There are fears the plans
could spark a trade war.
Mr Trump wants China
to reduce its trade imbalance
with the United States
by $1 billion.
A private message is on its way
from North Korea to the US.
The undisclosed communication
from Kim Jong-un was given
to diplomatic envoys
from South Korea on Monday.
And this video is
trending on bbc.com.
An amazing escape from an avalanche
captured on a helmet camera worn
by Thomas Kray while he was
on the Alpine slopes at Tignes.
Thomas was saved activating
an avalanche airbag.
It allowed him to
escape being buried.
That's all from me for now.
Stay with BBC News.
And the top story here in the UK:
British police say a nerve agent
was used in a deliberate attempt
to kill a former Russian
spy and his daughter.
Sergei and Yulia Skripal remain
in a critical condition in hospital.
Now on BBC News, all the latest
business news live from Singapore.
President Trump is expected to go
ahead with new controversial tariffs
within the next day, but could
Canada and Mexico be exempt? And on
International Women's Day, we ask if
gender equality and pay are a
distant dream or something
distant dream or something
achievable. Good morning, and
welcome to Asia Business Report,
live from Singapore. It is still all
about trade this morning. And Donald
Trump's trade war could start today.
That is if you believed in reports
the president will sign off on
controversial tariffs on steel and
controversial tariffs on steel and
aluminium. Other industries are not
sure this is a good idea. We have
more from New York. Brooklyn very is
used to focusing on its
but the company is increasingly
worried about it brewing trade war,
especially because it makes more
than 50% of its profits by exporting
a certain type of liquor.
increase costs tremendously. If a
trade war begins, that is very
dangerous for companies like ours.
In this company isn't alone. Across
the United States, businesses are
struggling to figure out the
potential impact President Trump's
tariffs could have on their bottom
line. The uncertainty stems not so
much from steel and aluminium
imports, but rather what could
happen in a trade war. Already, the
European Union has threatened to
slap tariffs on everything from
American bourbon to motorcycles.
Some say that is a small price to
You will talk to some people in
export sectors and they will be
worried. I do not doubt it will
happen. But at an economy wide
level, this will not have meaningful
The US trade deficit hit a
nine-year high this week, offering
further motivation for President
Trump in his American first trade
When we are down by 100
billion, the trade war hurts them,
it does not hurt us.
That is the
problem with trade wars, there is
always someone who gets hurt. And it
is not easy to guess who that is
going to be. BBC News, Brooklyn. As
you just heard in that report,
President Trump seems rather fixated
on the trade deficit and how he
wants to reduce it. New figures show
the gap rose to the highest level in
more than nine years in January,
coming in at over 55 billion US
dollars. He will not be happy about
that, and will probably use it to
justify the move to impose those
tariffs despite backlash. We told
you yesterday the EU was having a
meeting about these tariffs and how
to respond. The trade chief has set
up plans to retaliate, including
higher import duties on bourbon,
peanut butter, cranberries, orange
juice, steel, and industrial
products. You cannot get more
American than that. The commission
says a trade war has no winners and
if it can be avoided, they will work
with the Americans and other allies
on the issue of overcapacity.
Remember, President Trump abandoned
a huge trade deal Colebee
Trans-Pacific Partnership shortly
after taking office. -- called the.
The remaining members will formally
sign a deal in Chile. In other
business news making headlines,
China is moving a step closer to
putting measures in place to curb
runaway home prices. It is a
potential game-changer for the real
estate industry, which some analysts
have called, quotes, too bit to
fail. Washington has been leading
the charge to ramp up international
pressure on North Korea. Now, India
is cutting back on trade with
Pyongyang, but it is maintaining
diplomatic ties. For more on this, I
am joined by a business reporter
from Mumbai. How much do India and
North Korea trade to begin with?
Well, surprisingly, a lot. In 2015
and 2016, according to Indian
government data, India was North
Korea's third-largest trading
partner after Russia and China.
India exported around $111 million
of goods and important $88 million
worth of goods from Pyongyang. That
has reduced slightly because last
April, India aligned itself with UN
sanctions and said that it would not
trade with North Korea any more
besides food and medicine. Is latest
sanctions, trade barriers, are
related to some equipment,
electrical equipment, wood, and farm
products. -- these. It is
interesting because the relationship
has been growing over the last few
years, but finally India has
listened and is clamping down on
trade with North Korea.
Why now? We
are now hearing reports the tensions
between North Korea and the rest of
the world seemed to be coming down.
Yeah, well, there is a lot in it for
India. By doing this, it improves
its relationship with South Korea
and the United States. That opens up
its diplomatic standing
internationally. And also, it
attracts investment into India. And
we saw that with South Korea
agreeing to build a $1.1 billion
factory in Andhra Pradesh in India
last year. There is a lot in it in
India as far as investment and
military and diplomatic relations go
Thank you so much for the
update. It is International Women's
Day. In the business world, we are
starting to see some women at the
top of big companies. But it is
still a very small percentage,
making it a super niche club. So,
what does it take to be the next
female leader? We caught up with
several female bosses in Asia to ask
about their journey.
irrelevant questions I got...
irrelevant question? Hmm...
Hard work, integrity, and, umm,
perseverance. You just have to keep
Followed your passion.
Take every opportunity. -- follow.
And try not to get into situations
where you feel compromise.
are not sure you want to rise to the
top, there is no one to help you,
just remember you have to motivate
There is no doubt my
career path would have been
different if I were a man. Women
face all sorts of challenges, big
and small, throughout their career.
Looking after children, managing
sexist attitudes, filling a need to
prove ourselves constantly. --
The good old boys' club is
in the co-ordinated. --
old-fashioned. Now we share a
The most irrelevant question
would he, you know, you reach a
stage being a woman, and it has no
How do I manage time
between family and business? As a
single parent, that is. It is
irrelevant because it puts emphasis
on me being a single mother when, in
fact, it actually applies to men as
There is a greater tendency
for people to question your
commitment to the job as a result of
being a woman, and that is something
that really sticks in our craw. We
tend to be incredibly efficient and
focused because we need to go off
and do other things.
interesting development from the
biggest hotel chain in India. They
have announced new plans to pay for
female staff to undergo fertility
treatment if they need or want it.
They said they would reimburse
expenses for family action as part
of a policy to keep female employees
in their company and promote equal
opportunities. A look at the markets
before we go. And other volatile
session on Wall Street. We are
seeing mixed reaction in Asia. Japan
is up and Australia is down. One
stock is Nikko. They are cutting
4000 jobs in Europe. The economy
expanded more than expected. That
could be helping Japan's Nikkei
today. That is it