:00:00. > :00:00.of dinosaur in the remote deserts of northern Uzbekistan.
:00:00. > :00:00.It throws light on the subsequent evolution of one
:00:00. > :00:00.of its relations, the fearsome predator Tyrannosaurus rex.
:00:00. > :00:07.Those are the latest headlines from BBC News.
:00:08. > :00:09.Now for the latest financial news with Sally
:00:10. > :00:19.Japan's central bank holds fire on further stimulus,
:00:20. > :00:24.Would you trust financial advice from a mobile app?
:00:25. > :00:31.We'll hear from one company which thinks it's the future of investing.
:00:32. > :00:44.Also in the programme the Chinese insurance group Anbang is eyeing up
:00:45. > :00:48.another US hotel group, Rico Hizon has the latest.
:00:49. > :00:54.It's a big week for the central bankers
:00:55. > :00:57.of our major economies with more than three laying out their rate
:00:58. > :01:04.After a two-day meeting, the Bank of Japan has left
:01:05. > :01:10.its rate unchanged and has also held fire on further stimulus measures.
:01:11. > :01:15.Of course, you'll remember Japan made a surprise dive into negative
:01:16. > :01:21.Designed to spur bank lending and persuade consumers to spend not
:01:22. > :01:23.save, but it is not having the desired
:01:24. > :01:32.effect and has raised question about other central banks doing the same.
:01:33. > :01:35.Only last week, the European Central Bank cut interest rates further
:01:36. > :01:36.into negative territory and unleashed quantitative easing
:01:37. > :01:44.With me is Jonathan Allum, Equity Sales Trading strategist
:01:45. > :02:00.Nice to see you, Jonathan. So no stimulus this time, this new
:02:01. > :02:04.stimulus, no further cuts to interest rates in Japan. Widely
:02:05. > :02:07.expected that might be the decision, but is it the right decision? Widely
:02:08. > :02:13.expected that might be the decision, but is it the expected. Given the
:02:14. > :02:19.dramatic unexpected move last time around it makes sense to see how
:02:20. > :02:23.that pans out. The data we have since then is very sketchy. Whatever
:02:24. > :02:28.the merits or opposite of negative interest rates, the communication
:02:29. > :02:33.strategy has to be questioned, people weren't prepared for this, in
:02:34. > :02:38.fact they denied they would do it, therefore it makes sense to let
:02:39. > :02:44.things be for the time being. Unlike the Federal Reserve and unlike the
:02:45. > :02:47.UK central bank, not great, as you say, preparation for the negative
:02:48. > :02:52.interest rates when it came in January. As you say, it was a big
:02:53. > :02:56.surprise. When will we learn that this is working? There's a great
:02:57. > :03:00.debate as to whether this policy actually works at all. I think
:03:01. > :03:05.that's correct. If you look at the longer experience we've had in
:03:06. > :03:09.Europe, the jury is out. Looking at the BIF report, there are some
:03:10. > :03:17.positive aspects but it's unclear whether it had a dramatic affect. --
:03:18. > :03:19.BIS. The exception might be Sweden where the economic data has picked
:03:20. > :03:22.up quite sharply, but whether that's applicable elsewhere isn't so
:03:23. > :03:27.clear. It's a very boring message but we do have to wait and see. In
:03:28. > :03:32.the meantime for Japan, how is the economy faring? In the last quarter
:03:33. > :03:36.of last year it contracted, people were wondering whether other
:03:37. > :03:39.nonexpert woodwork, -- are they not mix.
:03:40. > :03:46.Where is the economy out? Will businesses in Japan spend more and
:03:47. > :03:51.invest more to get the economy moving again? The interesting thing
:03:52. > :03:55.today, and this gets overshadowed by the Bank of Japan non-
:03:56. > :03:58.announcement, is the tertiary index figures for January, the service
:03:59. > :04:03.sector, the largest part of the Japanese economy, strong numbers, up
:04:04. > :04:07.1.5% month on month, better than expected. This is pre- corrode
:04:08. > :04:15.Brazuca territory if you like, as is most of the data. But the data has
:04:16. > :04:18.been middling. Lots of jobs have been added? The boy and data has
:04:19. > :04:23.been very good to be fair and there is some sign of wages coming through
:04:24. > :04:29.-- and the point month later. Spending has been disappointing,
:04:30. > :04:33.though -- employment data. The bullish and you would be that if you
:04:34. > :04:38.get nothing on your deposits then you're more likely to spend. That
:04:39. > :04:46.I'm afraid rather tediously the jury is out on. Jonathan, thank you for
:04:47. > :04:52.coming in and giving us your announcement. Lots more analysis on
:04:53. > :04:53.that bank of Japan announcement earlier.
:04:54. > :04:56.China's Anbang Insurance Group has made a surprise takeover bid for US
:04:57. > :04:59.The cash offer of just under $13 billion is higher
:05:00. > :05:05.than an already-agreed takeover from Marriott.
:05:06. > :05:08.Also apparently they are eyeing up another chain as well.
:05:09. > :05:17.Nice to see you. Suddenly we're all having to get familiar with this
:05:18. > :05:27.organisation, and bang, to find out what they're up to. -- Angbang. Not
:05:28. > :05:32.many people know what they do but Sally did research, they are a
:05:33. > :05:36.Beijing based company founded in 2014, a very young company, with an
:05:37. > :05:41.initial focus of car insurance. With a spate of deal making and other
:05:42. > :05:47.things overseas this privately held company manages about $300 billion
:05:48. > :05:52.worth of assets. Apart from its acquisition of strategic hotels and
:05:53. > :05:56.resorts for $6.5 billion, they've also made some major purchases over
:05:57. > :06:03.the last 12 months. They have a stake in a Korean insurance company,
:06:04. > :06:07.a Belgian banking company as well. They made headlines by acquiring the
:06:08. > :06:16.New York landmark hotel Waldorf Astoria two years ago for 2 billion
:06:17. > :06:19.US dollars. If they succeed purchasing Starwood this would be
:06:20. > :06:27.the biggest Chinese investment in real estate assets. But Marriot are
:06:28. > :06:31.still wanting to acquire Starwood to create the biggest hotel company in
:06:32. > :06:36.the world and they say no one will break up this happy marriage. So
:06:37. > :06:38.many twists and turns as you go up the aisle.
:06:39. > :06:41.A fired VW worker in the US has launched a lawsuit
:06:42. > :06:44.against the carmaker accusing it of deleting documents and obstructing
:06:45. > :06:46.justice in relation to the ongoing diesel emissions investigations.
:06:47. > :06:49.Daniel Donovan, who worked in IT for the company, says he refused to
:06:50. > :06:52.take part in the deletions and reported them to a supervisor.
:06:53. > :06:57.He says he was wrongfully fired in December.
:06:58. > :07:00.Oil prices fell nearly 3%, and are are now trading under $40
:07:01. > :07:02.a barrel after Iran put off plans to join countries
:07:03. > :07:06.Iran's oil minister says the country will only join
:07:07. > :07:09.discussions to cap output after its output reaches a pre-sanctions level
:07:10. > :07:20.The cosmetics company Avon plans to move its headquarters to the UK
:07:21. > :07:23.and cut 2,500 jobs worldwide as part of a turnaround plan.
:07:24. > :07:26.Innovations in technology affect many aspects of our lives
:07:27. > :07:29.but the advance in the financial world has been noticeably swift with
:07:30. > :07:32.But now the next innovation seems to be taking off.
:07:33. > :07:35.In fact the UK's Royal Bank of Scotland is replacing hundreds of
:07:36. > :07:40.But what are they and can they really do better than a human being?
:07:41. > :07:55.Mobile banking apps are everywhere. In fact one bank boss recently
:07:56. > :07:59.admitted that his busiest branch was a morning commuter train. The bank
:08:00. > :08:04.in question was Royal Bank of Scotland. Now it's set to cut 220
:08:05. > :08:10.face to face advisers from its payroll as it switches its customers
:08:11. > :08:13.to so-called robo advises. So what exactly is robo advice? Don't worry,
:08:14. > :08:19.you won't have to see a scary chap like him, you won't even have to see
:08:20. > :08:23.a human being. In fact, you can get everything you need from a mobile
:08:24. > :08:28.phone app. There are basic questions that help us to understand as much
:08:29. > :08:33.as we can the risk attitude and risk profile of our clients. One company
:08:34. > :08:39.that recently entered the UK market is the Italian firm Money Farm, it
:08:40. > :08:42.uses robo advice rather than a human personal financial adviser to help
:08:43. > :08:49.its constant is make investment decisions in a wide ranging set of
:08:50. > :08:53.markets. With this technology you can build a different way to explain
:08:54. > :09:00.and help people invest their money. In the robo concept comes from the
:09:01. > :09:04.fact there is no need... At least it's not mandatory to have someone
:09:05. > :09:09.interfacing with the clients, the computer or the app on the mobile
:09:10. > :09:13.phone can help you do it. The UK regulator certainly believes costs
:09:14. > :09:17.for customers will come down by the development of this technology. But
:09:18. > :09:22.can we trust a computer to make the right decisions when it comes to
:09:23. > :09:25.personal finances? The biggest problem is it's a one size fits all
:09:26. > :09:29.approach, it's like going into a shop and it only having small,
:09:30. > :09:35.medium and large and trying to fit into one of the brackets. It can
:09:36. > :09:37.overlook some of the complexities of your financial position. For
:09:38. > :09:44.instance, it doesn't really look at your tax affairs. According to one
:09:45. > :09:49.analyst, assets managed by robo advisers could hit $5 trillion over
:09:50. > :09:50.the next few years as the traditional investor becomes a lot
:09:51. > :09:59.younger and more tech savvy. Banking app or human. Send me your
:10:00. > :10:04.thoughts. The markets all headed south. The yen has strengthened
:10:05. > :10:08.because rates have got weaker in Japan, Hong Kong having a tougher
:10:09. > :10:13.time therefore. Oil down below $40 a barrel. Markets across the border
:10:14. > :10:18.yesterday were really strong, Wall Street closing flat. The broader
:10:19. > :10:22.market pretty flat as well. You're up to date. We'll look through the
:10:23. > :10:29.papers in a minute. See you then. A group
:10:30. > :10:31.of parents whose children died after getting meningitis will give
:10:32. > :10:33.evidence to MPs later today, after more than 800,000 people signed
:10:34. > :10:36.a petition calling for Meningitis B vaccinations to be given to all
:10:37. > :10:39.children under 11, not just babies. But the Government says the current
:10:40. > :10:41.programme protects those most at risk and extending the programme
:10:42. > :10:45.would not be cost-effective.