:00:03. > :00:13.decade. Those are the latest headlines. It is time now for the
:00:13. > :00:19.money news, here is World Business Report.
:00:20. > :00:23.A warm welcome to World Business Report. Headlines: Germany's
:00:23. > :00:29.finance minister says Greece has not tried enough to sort out its
:00:29. > :00:33.problems. The Finance Minister is set to
:00:33. > :00:37.unveil new measures today to boost the weak rupiah currency and the
:00:37. > :00:44.economy. Plans for US healthcare could be
:00:44. > :00:53.derailed this week. We see what US businesses make of so-called
:00:53. > :00:56.ObamaCare. Good to have you with us. Germany's
:00:56. > :01:00.Finance Minister has said Greece has not tried hard enough to sort
:01:00. > :01:05.had its financial problems in an interview on German television. He
:01:05. > :01:08.said that Greece has not fulfilled promises. Those comments do not
:01:08. > :01:12.bode well for the Greek government which would like to have the terms
:01:12. > :01:19.of its most recent bailout East. Those negotiations will be delayed
:01:19. > :01:22.as the Greek Prime Minister's recovers from an eye surgery.
:01:22. > :01:26.The uncertainty is heading Greek business.
:01:26. > :01:32.News that Greece is keeping the euro for now has been a relief for
:01:32. > :01:38.business but it hasn't boosted local demand. It's a hand to mouth
:01:38. > :01:42.existence. They later returned to the drachma cannot be ruled out.
:01:42. > :01:48.Local businesses cannot look to their bank to supply cash.
:01:48. > :01:52.Business he really does face a long list of unknowns. For a start - the
:01:52. > :01:59.four main banks are technically insolvent. There is a lot of
:01:59. > :02:07.concern over contracts. If there is an unruly Euro exit, some companies
:02:07. > :02:11.might be forced to use barter. This is made here, in Greece. In a smart
:02:11. > :02:16.industrial unit, the successful provider of office fittings is
:02:16. > :02:21.great for that its German partners continued to send in components. It
:02:21. > :02:25.says the last year has shown that only the strong can survive.
:02:25. > :02:29.don't have the resources now - companies here cannot hold on
:02:29. > :02:36.another six or seven months. We are not sure of the banks will support
:02:36. > :02:41.us. D using money overseas when you can to be safe? -- do you send.
:02:41. > :02:45.have done some of that, but I cannot say that we are panicking...
:02:45. > :02:50.Everything out of Greece, know. But you cannot do business here when it
:02:50. > :02:57.is an unstable environment and you don't know how many months or years
:02:57. > :03:01.will be left. I think we must move, yes. We must move. The election has
:03:01. > :03:09.cleared the political air, but one week after the vote mini economic
:03:10. > :03:15.problems remain unresolved. -- many economic.
:03:15. > :03:19.The Indian government is concerned with the slump in the rupiah. The
:03:19. > :03:24.government says it is planning to do something about it. We are in
:03:24. > :03:32.Singapore with the details. This has been a trend for the year. It
:03:32. > :03:36.has hit a record low now, hasn't That right. You have the finance
:03:36. > :03:41.minister saying over the weekend that he and the government will
:03:41. > :03:48.unveil key measures today to boost the currency. It fell to a record
:03:48. > :03:51.low on Friday. 57.32 against the US dollar. It is now rallying by about
:03:51. > :03:55.half a rupee against the green back because of possible moves to
:03:55. > :03:58.intervene in the present market. The finance minister did not
:03:59. > :04:01.specify what the initiatives are but he said the government
:04:01. > :04:04.discussed the situation with the Central Bank governor and both of
:04:04. > :04:08.them, the government and the Central Bank, will be taking
:04:08. > :04:13.measures to improve market conditions. According to reports in
:04:13. > :04:16.the Indian media, some of the key initiatives may include interest
:04:16. > :04:21.relief for exporters and increasing the cap for foreign investors
:04:21. > :04:24.buying corporate and government bonds. Analysts say a higher than
:04:24. > :04:28.it will help the country attract more foreign exchange, thereby
:04:28. > :04:33.providing support for the very weak Indian rupee.
:04:33. > :04:40.Before you go, tell us about Billabong. It's quite a well-known
:04:40. > :04:45.brand. It originates in Australia, its shares are under pressure?
:04:45. > :04:49.Yes, they are in big trouble with their shareholders. Shares of the
:04:49. > :04:53.surf wear manufacturer are plunging after launching plans to sell new
:04:53. > :04:58.shares at a heavily discounted price after cutting its earlier
:04:58. > :05:02.forecast. The stock price fell as much as 49% today on the Australian
:05:02. > :05:06.Stock Exchange after the firm launched a rights issue at the very
:05:06. > :05:11.steep 44% discount to its closing price last week. The firm has also
:05:11. > :05:15.been trying to raise new capital in the bid to pay off its debt. It has
:05:16. > :05:19.been hit as well with falling sales. The firm has also come under severe
:05:19. > :05:23.criticism for launching the discount share price, not least
:05:23. > :05:27.because of the rejection of a takeover offer early in the ear. In
:05:27. > :05:34.February you had a large private equity firm offering three
:05:34. > :05:41.Australian dollars per share to take over the company. Currently
:05:41. > :05:45.Billabong's shares are under one Australian dollar per share.
:05:45. > :05:48.America's Supreme Court is expected to rule this week over the legality
:05:48. > :05:52.of President Barack Obama's Health Care all. The law was designed to
:05:53. > :05:56.extend health insurance cover to 30 million people who do not have it.
:05:56. > :06:05.It's not just those individuals who have a lot at stake - employers
:06:05. > :06:10.have a lot riding on whether this flagship trial is left to stand.
:06:10. > :06:14.It has come to be known as ObamaCare, the affordable care act
:06:14. > :06:19.aims to extend Medicare treatment at reasonable cost to virtually all
:06:19. > :06:24.Americans. This company makes high it end doors and cabinets in New
:06:24. > :06:29.Jersey. The boss hopes the Supreme Court will not dismantle President
:06:29. > :06:36.Barack Obama's health reform. He says it will reduce the cost of
:06:36. > :06:40.buying health cover. It lowers our costs. That is in part because the
:06:40. > :06:43.law spreads risk and because it allows small businesses to pull
:06:43. > :06:49.together and purchase health insurance the way huge corporations
:06:49. > :06:53.purchase it. They pay, on average, 18% less than individual and small
:06:53. > :06:57.business purchasers do. The small business support ObamaCare. Many
:06:57. > :07:03.other firms take the opposite view. They are worried about intrusive
:07:03. > :07:07.government regulation, at extra hassle and possibly increased costs.
:07:07. > :07:17.Polls suggest that business opinion is pretty evenly divided. One thing
:07:17. > :07:21.is certain, though. Passions on both sides are running high.
:07:21. > :07:25.(CHANTING). Passions have led to protests. The issue at stake before
:07:25. > :07:29.the Supreme Court is whether Americans can be compelled by law
:07:29. > :07:38.to purchase health insurance. Supporters of the individual
:07:38. > :07:42.mandate, a as it is called, believe this is critical to the success,
:07:42. > :07:46.but others say it may not be a make-or-break issue. One of the
:07:46. > :07:48.concerns is that insurance premiums may rise if the individual mandate
:07:48. > :07:54.is struck down because it could be the healthiest people who do not
:07:54. > :07:58.buy insurance and then premiums might go up. We didn't find that to
:07:58. > :08:01.be a large effect - we found an increase in premiums, but only
:08:01. > :08:05.about 2-3 %. For this business, a court ruling against President
:08:05. > :08:10.Barack Obama's health reforms would make the scheme rougher around the
:08:10. > :08:18.edges and more expensive. But the underlying structure would probably
:08:18. > :08:21.remain intact. Other business stories court for
:08:21. > :08:24.the first time in its history, NatWest opened its branches on
:08:24. > :08:30.Sunday. The bank was trying to compensate for a computer failure
:08:30. > :08:34.that caused severe disruption for customers. RBS, which owns NatWest,
:08:34. > :08:44.said that services should be more or less back to normal today.
:08:44. > :08:45.
:08:45. > :08:53.Reports say that the world's bigger -- biggest brewer, is looking to
:08:53. > :08:57.take over Mexico's Corona.... Delays to the construction of
:08:57. > :09:02.Berlin's new airport will cost an extra $1.5 billion. Officials said
:09:02. > :09:12.that the airport, which is 1.5 years behind schedule, will now
:09:12. > :09:13.
:09:13. > :09:17.cost $5 billion. It's due to open in March of next year.
:09:17. > :09:21.A mixed picture on the markets today. Three days of declines for
:09:21. > :09:25.the major markets. Mining companies are leading the declines. Samsung
:09:25. > :09:31.is under a lot of pressure in South Korea, bringing down the Kospi. The
:09:31. > :09:35.reason for the mixed news - they are looking forward to the EU
:09:35. > :09:38.summit at the end of this week. They will gather together to
:09:38. > :09:42.discuss the eurozone crisis. We talked about the comments coming
:09:42. > :09:45.from Germany over the weekend - that does not bode well for the new