Browse content similar to 15/09/2014. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
Those are the latest headlines from BBC News. Now for the latest | :00:00. | :00:00. | |
financial news with Sally Bundock and World Business Report. | :00:00. | :00:15. | |
Trying to predict the unpredictable, investors hedge their bets this week | :00:16. | :00:20. | |
as Scotland edges closer to making a decision on independence. | :00:21. | :00:25. | |
Alibaba's market debut is making waves not just in Wall Street but on | :00:26. | :00:29. | |
the West Coast of America too but not everyone there is laying out the | :00:30. | :00:39. | |
red carpet. Welcome to World Business Report. | :00:40. | :00:44. | |
I'm Sally Bundock... Also in the programme one of China's leading | :00:45. | :00:46. | |
energy firms raises billions selling a stake in its retail arm. We'll | :00:47. | :00:57. | |
find out why... In four days time the people of | :00:58. | :01:00. | |
Scotland will decide on their future ` the world is watching closely as | :01:01. | :01:03. | |
it becomes harder to predict the outcome of the vote on independence | :01:04. | :01:06. | |
and financial markets hate uncertainty. The 307 year union | :01:07. | :01:08. | |
means that Scotland is economically and politically embedded with | :01:09. | :01:11. | |
Britain. So how are the companies and investors likely to react if | :01:12. | :01:14. | |
Scotland breaks away? Our Scottish Economics Correspondent Colletta | :01:15. | :01:23. | |
Smith reports. The battlefield in Scotland has been | :01:24. | :01:28. | |
brought but over the last few weeks it is the banks that have been at | :01:29. | :01:33. | |
the centre of attention. Five UK banks have legal headquarters in | :01:34. | :01:37. | |
Edinburgh but the majority of their customers live in the rest of the | :01:38. | :01:43. | |
UK. There has been a flurry of announcements stating that the five | :01:44. | :01:45. | |
banks with registered offices in Edinburgh would move if Scotland | :01:46. | :01:55. | |
votes yes. RBS, Lloyds, Clydesdale come up Tesco and others plan to | :01:56. | :02:02. | |
move to England as does Standard Life who said the following. Most of | :02:03. | :02:17. | |
these companies already have offices in London so it wouldn't be | :02:18. | :02:20. | |
difficult to do and they have all rushed to reassure staff in Scotland | :02:21. | :02:25. | |
that jobs are not at risk. Would it really matter or is it just a case | :02:26. | :02:32. | |
of moving? The two sides of the referendum campaign do not agree. I | :02:33. | :02:36. | |
think the problem lies entirely with the No campaign for this reason. | :02:37. | :02:41. | |
They have been caught red`handed as part of a campaign of | :02:42. | :02:51. | |
scaremongering. It is not about 's silly inconsequential things but | :02:52. | :03:00. | |
about brass taxes. All of this centres around uncertainty regarding | :03:01. | :03:05. | |
what currency and Independent Scotland would be using. Many are | :03:06. | :03:10. | |
wondering what options are left. What is the alternative? What will | :03:11. | :03:16. | |
it mean for my borrowing costs and mortgages and jobs? If there is no | :03:17. | :03:21. | |
clear answer then it is a lot of economic uncertainty. One investor | :03:22. | :03:27. | |
says they have already moved hundreds of millions of pounds | :03:28. | :03:29. | |
outside of Scotland but others in Edinburgh are urging caution. Even | :03:30. | :03:35. | |
if Scotland votes Yes there would be a lengthy period of transition. What | :03:36. | :03:42. | |
we do know is that the financial regulators have contingency plans | :03:43. | :03:45. | |
and it would be there was possibility to make sure that this | :03:46. | :04:00. | |
is managed with calmness and . Deregulating bodies are working | :04:01. | :04:04. | |
overtime to try to avoid any panic `` the regulating. We will have some | :04:05. | :04:14. | |
more on this when we talk about the newspapers in ten minutes. And you | :04:15. | :04:18. | |
can out everything you ever wanted to know about the referendum on the | :04:19. | :04:26. | |
BBC website. Alibaba's market debut is making | :04:27. | :04:29. | |
waves not just in Wall Street but on the West Coast of America too. A | :04:30. | :04:33. | |
chunk of its five billion dollar investment spend over the past year | :04:34. | :04:36. | |
has been in Silicon Valley. But as our North America technology | :04:37. | :04:38. | |
correspondent Richard Taylor reports, not everyone there is | :04:39. | :04:50. | |
welcoming Jack Ma with open arms. Ridesharing San francisco style. | :04:51. | :05:01. | |
These are the hallmark of Lift, a popular application for car sharing | :05:02. | :05:06. | |
on smartphones. It has teamed up with Alibaba, Jack Ma's Empire a key | :05:07. | :05:18. | |
investor earlier this year. That was just a portion of their spending | :05:19. | :05:22. | |
spree over the last few months as they have spread way beyond | :05:23. | :05:25. | |
transport into areas as diverse as communications, gaming and others. | :05:26. | :05:30. | |
So what is driving these investments? This Silicon Valley | :05:31. | :05:36. | |
investment firm put money into Alibaba a decade ago. He is very | :05:37. | :05:42. | |
astute and I think others are trying to learn as much as they can about | :05:43. | :05:47. | |
him, the CEO that is. They are trying to learn as much about the US | :05:48. | :05:56. | |
tech market as possible. Many have a strategic aspect where they are | :05:57. | :06:02. | |
trying to expand here in the US. And those expansionist intentions are | :06:03. | :06:06. | |
getting some in Silicon Valley concerned. Alibaba's e`commerce | :06:07. | :06:11. | |
presence here is subtle. It's retail outlet doesn't carry any branding. | :06:12. | :06:18. | |
But some observers say it e`commerce ambitions could pose a real threat | :06:19. | :06:20. | |
to established American players like Amazon and eBay. They know they | :06:21. | :06:28. | |
can't just come to the US and drop. They want some of their services on | :06:29. | :06:33. | |
the US first. They will take a long`term approach and introduce | :06:34. | :06:36. | |
other services slowly but surely to the US. They have a ton of money and | :06:37. | :06:42. | |
experience and you cannot discount Jack Ma. But in their quest to | :06:43. | :06:48. | |
become the next big thing, their investment is positively welcomed. | :06:49. | :06:55. | |
Chinese funding is seen as a badge of credibility these days. It is | :06:56. | :06:58. | |
clear that their presence here in Silicon Valley is not just a 1`way | :06:59. | :07:02. | |
street. Many established American firms may see it as encroachment on | :07:03. | :07:08. | |
US soil but for many others, it is a gateway into China it self. Not just | :07:09. | :07:13. | |
a new market but the biggest in the world. | :07:14. | :07:22. | |
China's energy giant, Sinopec, is set to sell a $17 point five billion | :07:23. | :07:25. | |
dollar stake in its retail businesses. The stake will go to a | :07:26. | :07:30. | |
group of 25 foreign and domestic investors. What is this company up | :07:31. | :07:38. | |
to? Rico Hizon is in Singapore... Tell us about Sinopec and what it is | :07:39. | :07:45. | |
this whole process, it will be the this whole process, it will be the | :07:46. | :07:53. | |
country's biggest privatisation is the president came to power. The | :07:54. | :07:57. | |
steak will be sold to a group of foreign and domestic investors and | :07:58. | :08:02. | |
this comes as the government pushes to restructure its state`owned | :08:03. | :08:06. | |
companies I've bringing in private capital and expertise to improve its | :08:07. | :08:15. | |
nonfuel sales `` by. Like in the Western market, nonfuel businesses | :08:16. | :08:24. | |
can account for more than half of a station's profits but for them, more | :08:25. | :08:30. | |
than 99% of its retail sales come from petrol. This deal helps to | :08:31. | :08:40. | |
boost the value of this business and improve it and emphasize export and | :08:41. | :08:40. | |
production. Cytotec shares of currently trading lower in Shanghai | :08:41. | :09:16. | |
`` Sinopec. `` shares are. In other news... Taiwan and China | :09:17. | :09:17. | |
have trade talks after failing to reach | :09:18. | :09:23. | |
an agreement to cut tariffs on thousands of products | :09:24. | :09:23. | |
crucial to Taiwan's economy. French flag carrier Air France says it may | :09:24. | :09:29. | |
be forced to scrap today, as pilots strike in protest | :09:30. | :09:34. | |
at the company's plan to develop its low`cost subsidiary. The main | :09:35. | :09:38. | |
pilots' union at Air France has called for a week`long strike, which | :09:39. | :09:42. | |
would be the longest at the company since 1998. The Japanese markets are | :09:43. | :09:44. | |
closed for public holiday but Hong Kong is having a tough session. Here | :09:45. | :09:49. | |
is the dollar and the pound sterling. I will see you soon. | :09:50. | :10:09. | |
Cycling or walking to work instead of driving makes you happier, | :10:10. | :10:12. | |
according to new research. A study of almost eighteen thousand people | :10:13. | :10:15. | |
found those who had an active commute, are less likely to report | :10:16. | :10:18. | |
feeling under strain, and depressed. Here's our Health Correspondent, | :10:19. | :10:19. | |
Adam Brimelow. | :10:20. | :10:25. |