:00:00. > :00:00.Now for the latest financial news with Sally
:00:00. > :00:19.In or out? The British people have four months to decide if they want
:00:20. > :00:26.We make sense of the case for and against.
:00:27. > :00:36.HSBC has released it's full year results.
:00:37. > :00:39.The banking giant made $18.9 billion last year,
:00:40. > :00:42.but will it be enough to quell investor dissatisfaction?
:00:43. > :00:49.Also in the programme: Samsung goes back to
:00:50. > :01:03.The Mayor of London, Boris Johnson has announced he will campaign for
:01:04. > :01:07.The decision is seen as a huge blow to David Cameron
:01:08. > :01:11.and comes after EU leaders agreed a package of changes to the UK's
:01:12. > :01:15.While many of the changes relate to migrant workers and benefits,
:01:16. > :01:18.agreements were also reached on a number of economic policy areas.
:01:19. > :01:21.On trade, it was agreed that Britain could keep the pound sterling
:01:22. > :01:24.while being in the EU, without fear of discrimination due to not
:01:25. > :01:31.There are also safeguards for Britain's large financial services
:01:32. > :01:36.industry to prevent eurozone regulations being imposed on it.
:01:37. > :01:38.And the settlement calls on all EU institutions
:01:39. > :01:40.and member states to take "concrete steps towards better regulation,"
:01:41. > :01:53.Despite the agreement, those supporting a Brexit say
:01:54. > :01:56.the EU imposes too many rules on business and charges billions
:01:57. > :02:03.of pounds a year in membership fees, for little return.
:02:04. > :02:07.The referendum on whether or not Britain should remain in the EU will
:02:08. > :02:17.So, what would Brexit mean for Britain's neighbour?
:02:18. > :02:32.Ireland is preparing to hold commemorations to mark the centenary
:02:33. > :02:38.of the Easter to. Dublin was an commemorations to mark the centenary
:02:39. > :02:42.of the Easter to. Dublin was -- it was an attempt to break away from
:02:43. > :02:46.British will. 100 years on and Britain is considering breaking away
:02:47. > :02:50.from Europe. And if it was to do so that would have a huge impact on
:02:51. > :02:55.Ireland, which has close links with the UK in terms of geography,
:02:56. > :02:59.culture and of course trade. Irish brands have international appeal but
:03:00. > :03:04.the UK is the country's biggest trading partner in Europe, which
:03:05. > :03:09.means concerns about a potential Brexit stretch from the city to the
:03:10. > :03:16.country. Agriculture is one of Ireland's most valuable industries.
:03:17. > :03:23.On this land, Matthew is prepared to admit their is something to worry
:03:24. > :03:29.about with farming. It has to be taken seriously by the government.
:03:30. > :03:34.Do you think it would damage trade? It would have to damage it. Someone
:03:35. > :03:39.has to pay the cost, the consumer in Britain and the farmer hearing
:03:40. > :03:43.Ireland. The Republic of Ireland is the only country sharing a land
:03:44. > :03:47.border with the UK. During years of violence in Northern Ireland it was
:03:48. > :03:51.heavily policed but today it is a completely open trading route. That
:03:52. > :03:59.is the south of Ireland and we are in the north. One company has a firm
:04:00. > :04:02.with offices more than south of the border and manufactures products
:04:03. > :04:05.that allows flatpack furniture to slide together. It is worried about
:04:06. > :04:16.the possibility that the UK won't stick with Europe. For us if the can
:04:17. > :04:20.that we would move all business into Ireland. There are businessmen who
:04:21. > :04:23.believe the Irish relationship with the nearest neighbour is more
:04:24. > :04:30.important than with the rest of the EU. We have to do what written does.
:04:31. > :04:35.-- Britain. We have to get the same trading terms that Britain
:04:36. > :04:38.negotiates. Ireland's is in the middle of an election campaign by
:04:39. > :04:41.the economy is one of the main issues. In the months ahead there is
:04:42. > :04:49.only so much politicians here can control. More on that story when we
:04:50. > :04:51.look at the papers today. More analysis later.
:04:52. > :04:53.Global banking giant HSBC has reported it's full year earnings
:04:54. > :04:55.The company reported a ore tax profit
:04:56. > :05:00.Although up on 2014, the numbers were significantly down on what
:05:01. > :05:03.The banks chairman described the performance as "broadly
:05:04. > :05:12.satisfactory" after a "seismic shifts" in the world economy.
:05:13. > :05:20.Rico Hizon joins me from Singapore with more.
:05:21. > :05:30.Lovely to see you, Rico. HSBC numbers are out and they seem to be
:05:31. > :05:33.disappointing. Indeed, very disappointing, because many
:05:34. > :05:39.investors were expecting bigger profitability. That is the bottom
:05:40. > :05:45.line. That is what shareholders want. And it is also being squeezed.
:05:46. > :05:48.They want more action from management, streamlining
:05:49. > :05:53.operations, cutting pay and slashing pension payments to top executives.
:05:54. > :05:58.It was indeed a very challenging year for the global banking giant.
:05:59. > :06:02.The bottom line figures come after a turbulent year which saw a market
:06:03. > :06:07.sell-off in the Chinese market is, with commodity prices lunging as
:06:08. > :06:14.well as tightening credit due to a US rate hike -- marketings. Last
:06:15. > :06:18.year Asia presented more than 80% of its global pre-tax profit. In 2015
:06:19. > :06:23.the UK-based lender announced an overhaul to those profits and moved
:06:24. > :06:30.past scandals which have tired of the bank. The restructuring included
:06:31. > :06:33.the layoff of 50,000 jobs worldwide. The CEO of Stuart Gulliver said
:06:34. > :06:41.those reduction measures are already having an impact on the bank. It is
:06:42. > :06:44.now a leaner business. If you look at the numbers, despite being
:06:45. > :06:49.better, investors are not satisfied with the stock price down three
:06:50. > :06:52.quarters of 1% in the Hong Kong stock exchange. Thank you so much.
:06:53. > :06:55.Most are see you, Rico. The world's phone-makers have been
:06:56. > :06:58.gathering in Barcelona for the annual Mobile World Congress
:06:59. > :07:00.which begins today. Samsung announced new phones last
:07:01. > :07:03.night which it hopes will help it compete with Apple,
:07:04. > :07:06.and also made a push into virtual reality, with a surprise appearance
:07:07. > :07:08.on-stage by Facebook's chief Our technology correspondent
:07:09. > :07:24.Rory Cellan-Jones reports. Here is Samsung's new flagship
:07:25. > :07:28.smartphone, the Galaxy S7 Edge. They introduced this Edge design last
:07:29. > :07:33.time around. They have refined it, they have made it even more curved,
:07:34. > :07:37.they have made it more robust. You can stick it in water for
:07:38. > :07:40.half-an-hour and it will be fine. They have brought back on-board
:07:41. > :07:45.storage. That was a big bugbear with lots of Samsung users who wanted
:07:46. > :07:48.that expansion capability. You've got that again now. Another bugbear
:07:49. > :07:54.with the original Edge phone was battery life. They have massively
:07:55. > :08:02.improved the battery life. Apart from that, what's different about
:08:03. > :08:07.this? From Samsung, John, it looks like a very nice Android phone. What
:08:08. > :08:12.makes it stand out? You have mentioned the design, the battery,
:08:13. > :08:19.the micro- ST expandable memory. I could add to this the gaming, we
:08:20. > :08:24.have a new API to deliver stunning gaming. -- SD. We have tools and the
:08:25. > :08:30.dominant utilities to share your experience of gaming with friends.
:08:31. > :08:31.-- tools and utilities. You have had a difficulty making the impact he
:08:32. > :08:37.wanted. It is a difficulty making the impact he
:08:38. > :08:41.wanted. It about capability or price quest back Chinese phones claim they
:08:42. > :08:49.do almost as much as you do -- or price? We have introduced the micro-
:08:50. > :08:53.SD for better memory. And we have an ecosystem of products around the
:08:54. > :08:57.phone. It is much more than a phone. So, a bit of a snapshot of what is
:08:58. > :09:02.going on in Barcelona at the moment, and of course the launching
:09:03. > :09:09.of the Samsung phone. The reason Mark Zuckerberg appeared is because
:09:10. > :09:13.Facebook are teaming up with Samsung with the oculus rift, one of
:09:14. > :09:21.Facebook's key products. That was also happening. -- Oculus Rift.
:09:22. > :09:23.Samsung competitors LG and Huawei have unveiled products too.
:09:24. > :09:26.LG's flagship G5 is a modular smartphone where new parts
:09:27. > :09:29.like a speaker or a different camera can be added to the phone.
:09:30. > :09:31.Huawei unveiled its first personal computer,
:09:32. > :09:33.the MateBook, which is a windows tablet with attachable keyboard.
:09:34. > :09:36.The Chinese smartphone giant hopes it will compete with Apple's iPad
:09:37. > :09:40.The Chinese government have removed the head
:09:41. > :09:43.of their securities regulator as they try to tackle major
:09:44. > :09:46.The announcement, which was made this weekend,
:09:47. > :09:49.follows huge drops in the value of the Shanghai and Shenzhen stock
:09:50. > :09:53.Xiao Gang was replaced by Liu Shiyu who until yesterday was the Chairman
:09:54. > :09:56.of the Agricultural Bank of China and a former deputy governor
:09:57. > :10:16.The pound sterling is weakening and we can understand why with the likes
:10:17. > :10:21.of Boris Johnson saying he is for Britain leaving the EU. It has
:10:22. > :10:29.dropped to a one-month low versus the US, sorry, speaking of the
:10:30. > :10:34.euro, but also the US dollar. Just to show you how oil prices are
:10:35. > :10:37.trading. The yen is weaker which has helped to trade in Tokyo. That is it
:10:38. > :10:42.from me. I will see you soon.