:00:00. > :00:16.Now for the latest financial news and World Business Report.
:00:17. > :00:20.Iran is open for business - President Rouhani is in Rome on his
:00:21. > :00:23.first official visit to Europe since sanctions were lifted and businesses
:00:24. > :00:33.Apple will post its latest earnings news but will it also reveal sales
:00:34. > :00:46.Also in the programme Sharanjit will join us from Singapore to explain
:00:47. > :00:50.why Ford is pulling out of Japan and Indonesia.
:00:51. > :00:53.It's being described as a European business bonanza -
:00:54. > :00:56.it's the first official state visit of Iran's President to Europe just
:00:57. > :00:59.a week after sanctions were lifted following
:01:00. > :01:08.and European businesses are eager to get in on the tens of billions
:01:09. > :01:11.of dollars worth deals expected to be signed over the next few days.
:01:12. > :01:14.Italian media say agreements worth $18 billion will be done while
:01:15. > :01:22.They include an Italian firm building
:01:23. > :01:24.a 2,000 kilometre pipeline, steel agreements worth more than
:01:25. > :01:36.5-billion dollars and a joint venture called Persian Metallics.
:01:37. > :01:39.Metallics.Later in the week in Paris - President Rouhani's expected to
:01:40. > :01:42.finalise a deal with Airbus to buy 114 new planes - to replace Iran's
:01:43. > :01:46.Over the weekend Iran signed a trade an energy deal with China
:01:47. > :01:58.With me is Dominic Bokor-Ingram from Charlemagne Capital.
:01:59. > :02:05.Thank you for coming in. It sounds like business is booming and in some
:02:06. > :02:10.ways, I am not surprised to hear that given the amount of time
:02:11. > :02:16.companies and countries have had to get ready for this? Effectively,
:02:17. > :02:20.they have had two years to get ready since the start of the nuclear
:02:21. > :02:28.talks. The next 18 months, we will start to see it built. Iran is not
:02:29. > :02:35.suffer from lack of money as a lack of expertise. To provide all the way
:02:36. > :02:44.of doing business to wean contracts. -- a more modern way.
:02:45. > :02:50.Italy, France, but where are the US and the UK and are you understand
:02:51. > :02:57.Germany is on that list as well. Germany never cut the dramatic ties
:02:58. > :03:00.throughout the sanctions. UK is further down in terms of the
:03:01. > :03:06.European pecking order and the US is blast at the moment although, given
:03:07. > :03:09.what I have said about the need for knowledge and expertise, I would
:03:10. > :03:16.expect them to move up the pecking order due to some of their oil and
:03:17. > :03:22.gas exploration expertise. You specialise in investing in Iran.
:03:23. > :03:26.From your point of view, tell us about the potential because the
:03:27. > :03:33.financial markets are happening and very transparent and very modern,
:03:34. > :03:39.are they not? Their stock exchange has been going on since the 1960s,
:03:40. > :03:43.it is well developed with $100 billion of capitalisation. It is
:03:44. > :03:50.very rare these days to find a developed, big stock market has been
:03:51. > :03:55.completely shut to foreigners for a few years. We see a market on a
:03:56. > :04:01.price-earnings ratio of five times, in an economy, given the deals and
:04:02. > :04:07.economic hiccup, could grow six to 8% in the next ten years and that is
:04:08. > :04:10.an opportunity. We could talk for much longer but unfortunately we did
:04:11. > :04:17.not have the time. Thank you for coming in. And, of course, as a
:04:18. > :04:19.deals and agreements are announced we will let you know.
:04:20. > :04:22.Computing giant Apple is set to publish its latest earning figures -
:04:23. > :04:24.and after the Christmas period it's expected the company will declare
:04:25. > :04:26.another record-breaking quarter of success and profits.
:04:27. > :04:29.But despite that, stock has fallen, and investors are worried.
:04:30. > :04:42.Our North America technology reporter Dave Lee finds out.
:04:43. > :04:49.Throughout 2015 any update from Apple was usually fantastic news for
:04:50. > :04:53.it occurs. It was a time of record-breaking profits and rapid
:04:54. > :04:59.expansion but investors may be expecting some uncharacteristically
:05:00. > :05:04.bad news from the bosses at Apple HQ. After blistering 2015, is the
:05:05. > :05:11.company showing some signs of weakness? After a high in May of
:05:12. > :05:17.over $130 a share, for the first time since Dover 2013, it dipped to
:05:18. > :05:23.below $100. There are two key theories. There are a lot of people
:05:24. > :05:29.that look at Apple performance and the Reliance they have on the iPhone
:05:30. > :05:32.when it comes to revenue and they are questioning, going forward, how
:05:33. > :05:41.much that will be a problem for them or not fool 's top Right now, 63% of
:05:42. > :05:47.its entire revenue is from its iPhone. Apple still will not tell us
:05:48. > :05:54.how much it new watch is bringing in. The company's latest results are
:05:55. > :06:01.expected to be good but they may come with a warning that, for the
:06:02. > :06:06.first since its launch, sales of the mighty iPhone are now in decline.
:06:07. > :06:10.The second issue facing Apple is China for the company now makes more
:06:11. > :06:15.money here than in the whole of Europe. With Chinese growth slowing,
:06:16. > :06:20.there is concern that will affect Apple's growth as well. They really
:06:21. > :06:25.bet their house on the China growth opportunity. Apple insist it is not
:06:26. > :06:31.worried. They are still buying gadgets and the company has 30
:06:32. > :06:37.stores in China with 20 of room for more. 2016 headlines will tell their
:06:38. > :06:45.story. This year will bring the iPhone to seven and an upgraded
:06:46. > :06:50.budget iPhone as well. Murmurs that Apple is creating its car are
:06:51. > :06:56.getting higher and higher. It is what happens behind closed doors but
:06:57. > :06:58.we be determined their fate. While Apple is not invincible, it still
:06:59. > :07:10.very much in control. This time tomorrow we will tell you
:07:11. > :07:11.how Apple did. We will keep an eye on that story.
:07:12. > :07:14.Ford is shutting down all its operations in Japan and Indonesia.
:07:15. > :07:17.Let's go straight to Sharanjit Leyl in our Asia Business Hub
:07:18. > :07:29.Why it is for doing that? They are doing that because essentially they
:07:30. > :07:33.have had poor sales and market conditions in those two markets. The
:07:34. > :07:38.company said it will close all operations in Japan and Indonesia as
:07:39. > :07:46.there was really no reasonable part to profitability in those countries.
:07:47. > :07:51.Gerald motors said it to will pull out of Indonesia. -- and General
:07:52. > :07:57.Motors. If you take a look at the sales Ford made to these two
:07:58. > :08:05.markets, it only accounted for 0.1%. And a 6% of the Indonesian
:08:06. > :08:12.market. I spoke earlier to an analyst who had this to say. Ford
:08:13. > :08:20.never made sense in Japan. Indonesia, you have a strategy, you
:08:21. > :08:23.could argue, is a substantial market at the problem is, the Indonesian
:08:24. > :08:30.government has a policy of insisting on Local Assembly. Ford either had
:08:31. > :08:39.to get in in a very big way, which made no sense. Markets like
:08:40. > :08:45.Indonesia are hard for foreign carmakers. Ford blames the
:08:46. > :08:53.government for protective policies that favour domestic brands over
:08:54. > :08:58.imported cars. The 12 nation transpacific trade agreement in its
:08:59. > :09:02.current form also does not improve Ford's ability to compete there. In
:09:03. > :09:09.terms of the number of people employed in these markets, 300
:09:10. > :09:12.workers in Japan and 35 people in Indonesia.
:09:13. > :09:15.Deutsche Bank's South Korean unit has been fined $1-point-3 million
:09:16. > :09:18.dollars over its role in the 2010 stock market plunge.A
:09:19. > :09:20.Seoul court found the lender guilty of market
:09:21. > :09:24.manipulation and said it illegally profited after Korea's benchmark
:09:25. > :09:29.Kospi index fell nearly 3% in the final 10 minutes of trading.
:09:30. > :09:32.A Deutsche Bank employee was also sentenced to five years
:09:33. > :09:44.in prison for his role in the so-called flash crash.
:09:45. > :09:51.Let's look at the financial markets very quickly. I'm afraid to say they
:09:52. > :09:57.have succumbed to pessimism around the world. Japan is down. Australia
:09:58. > :10:05.is closed for a public holiday. The yen is still fairly weak. But if you
:10:06. > :10:07.look at what happened in Wall Street, losses across the board.