08/10/2013 World Business Report


08/10/2013

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hearing on Tuesday. Those are the headlines. Now, for the latest

:00:00.:00:00.

Parliament ignites the issues. We headlines. Now, for the latest

:00:00.:00:42.

Parliament ignites the issues. We assess the impact on the business.

:00:42.:00:51.

Parliament ignites the issues. We Welcome. This is the world business

:00:51.:00:52.

confidence hits a 3.5 year high Welcome. This is the world business

:00:52.:01:00.

Australia. We will have more on that. The International Monetary

:01:00.:01:16.

crystal ball. Its last report in territory. There have been big

:01:16.:01:29.

changes since then. China is seen slimmer growth were the most recent

:01:30.:01:34.

data indicating optimism is fading. The emerging markets are weakening.

:01:34.:01:39.

In the US, the Central Bank recently delayed to start easing the world's

:01:39.:01:50.

biggest economy off its stimulus. Good morning. What do you think

:01:50.:01:55.

biggest economy off its stimulus. report will stay? I think the point

:01:55.:02:00.

is that you make largely carry on. The big shifts that carry on a

:02:00.:02:06.

largely in the developing markets. In a number of developed countries

:02:06.:02:15.

and the risk that this won't be things are picking up. I think the

:02:15.:02:27.

and the risk that this won't be resolved before the debt ceiling is

:02:27.:02:33.

more serious fiscal adjustment of the US which would be another danger

:02:33.:02:41.

meeting in Washington and I am wondering and this report, to what

:02:41.:02:43.

the already dangerous outlook and wondering and this report, to what

:02:44.:02:56.

the already dangerous outlook and uneven recovery. The work would

:02:56.:02:57.

the already dangerous outlook and been done before the shutdown was a

:02:57.:03:01.

reality and this continued bickering and Washington was constant. In

:03:01.:03:11.

terms of the eurozone debt crisis, because that until recently has

:03:11.:03:15.

terms of the eurozone debt crisis, the black cloud hanging over the

:03:15.:03:17.

global economy, in the last report they talked about questions still on

:03:17.:03:29.

changed? There is recovery taking place around the eurozone and of

:03:29.:03:33.

course the United Kingdom appears to underlying structural fundamental

:03:33.:03:40.

governance issues... Nothing has really been resolved. Further shocks

:03:40.:03:43.

could bring back, maybe not the really been resolved. Further shocks

:03:43.:03:49.

category of crisis, but the same issues for the eurozone. In Japan we

:03:49.:04:03.

have Abenomics going on. In China, to what extent do you think that

:04:03.:04:12.

Abenomics... So far, China has done quite well especially compared to

:04:12.:04:17.

other rich countries and compared to sustainable that as will be an open

:04:17.:04:23.

question because as increasing consumption and uncertainty about

:04:23.:04:30.

more slowly than it has in the past. rebalancing act. Everybody agrees

:04:30.:04:45.

more slowly than it has in the past. up—to—date on any news from the

:04:46.:04:47.

more slowly than it has in the past. and the report as it is released

:04:47.:04:52.

companies even as employment remains Business confidence in Australia

:04:52.:05:10.

companies even as employment remains It is interesting, isn't it, that

:05:10.:05:13.

business leaders feel better about the outlook? Absolutely. The number

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survey conducted by NAB base it the outlook? Absolutely. The number

:05:19.:05:31.

findings on an 400 companies that measure hiring, sales, and profits.

:05:31.:05:36.

They believed the Federal Election result in early September which

:05:36.:05:41.

brought the Liberal Coalition asked Tony Abbott to power has bought

:05:41.:05:49.

confidence up even further. It has cut red tape and lowered taxes.

:05:49.:05:57.

These factors, they believe, will boost the $1.5 trillion economy

:05:57.:06:01.

which has been quite lacklustre boost the $1.5 trillion economy

:06:01.:06:10.

unemployment is set to remain at the four year high when numbers are

:06:10.:06:18.

released later the week. The Central Bank has reduced rates to a record

:06:18.:06:25.

manufacturing and services to do encouraging other companies in

:06:25.:06:29.

manufacturing and services to do more business at home. Thank you.

:06:29.:06:35.

taking up smoking. The vote is the Also today, the European Union will

:06:35.:06:45.

following closely. Changes include first step and plans to shake up the

:06:45.:06:51.

following closely. Changes include bigger health warnings on packets,

:06:51.:06:56.

packs of ten no longer being sold, slimmer cigarettes often snubbed by

:06:56.:07:01.

women being forbidden, electronic cigarettes which give a nicotine hit

:07:01.:07:07.

industry, but how big a blow? The product. To talk through this, I

:07:07.:07:24.

industry, but how big a blow? The view is that they have been badly

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performing in the past two years uncertainty in the eurozone and

:07:26.:07:32.

interest rates. If you look at the measures, the main measures in the

:07:32.:07:33.

directive, they are restricting measures, the main measures in the

:07:33.:07:38.

industry's ability to do two things that it needs to, innovate and

:07:38.:07:48.

communicate it to consumers. Bans on the industry are preventing it from

:07:48.:07:53.

being successful in innovation with its consumer base. Graphic health

:07:53.:08:00.

warnings will prevent information Many big players are seen as coming

:08:00.:08:12.

for some time. They can make money from eCigarettes. Over the decades,

:08:12.:08:21.

the industry has seen increased regulation and its markets have

:08:21.:08:27.

become darker and darker. Some of the companies have been better than

:08:27.:08:33.

others. British American Tobacco, manufacturing and selling of these

:08:33.:08:42.

eCigarettes. There are a lot of amendments and sidebars to this

:08:42.:08:45.

being discussed today. Do you think this will get voted through all

:08:45.:08:52.

being discussed today. Do you think it be watered down? It is a very

:08:52.:08:53.

will probably be watered down to conjugated seizure. It is going

:08:53.:09:09.

will probably be watered down to about 65% from the current 75%.

:09:10.:09:22.

Let's have a look at the financial cigarettes. Thank you for your time.

:09:22.:09:28.

Let's have a look at the financial markets. The lack of movement on the

:09:28.:09:32.

impasse on how to solve the budget things. We can see some weak games.

:09:32.:09:42.

—— gains. Let's have a look at the United States. We saw declines

:09:42.:09:48.

across the board in the US. They have been on a topsy—turvy ride

:09:48.:09:51.

across the board in the US. They some time. Indications today will

:09:51.:09:56.

see further losses as they are still no movements on the discussion about

:09:56.:09:58.

the budget and the United States.

:09:58.:10:00.

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