15/03/2016 World Business Report

of dinosaur in the remote deserts of northern Uzbekistan.

It throws light on the subsequent evolution of one

of its relations, the fearsome predator Tyrannosaurus rex.

Those are the latest headlines from BBC News.

Now for the latest financial news with Sally

Japan's central bank holds fire on further stimulus,

Would you trust financial advice from a mobile app?

We'll hear from one company which thinks it's the future of investing.

Also in the programme the Chinese insurance group Anbang is eyeing up

another US hotel group, Rico Hizon has the latest.

It's a big week for the central bankers

of our major economies with more than three laying out their rate

After a two-day meeting, the Bank of Japan has left

its rate unchanged and has also held fire on further stimulus measures.

Of course, you'll remember Japan made a surprise dive into negative

Designed to spur bank lending and persuade consumers to spend not

save, but it is not having the desired

effect and has raised question about other central banks doing the same.

Only last week, the European Central Bank cut interest rates further

into negative territory and unleashed quantitative easing

With me is Jonathan Allum, Equity Sales Trading strategist

Nice to see you, Jonathan. So no stimulus this time, this new

stimulus, no further cuts to interest rates in Japan. Widely

expected that might be the decision, but is it the right decision? Widely

expected that might be the decision, but is it the expected. Given the

dramatic unexpected move last time around it makes sense to see how

that pans out. The data we have since then is very sketchy. Whatever

the merits or opposite of negative interest rates, the communication

strategy has to be questioned, people weren't prepared for this, in

fact they denied they would do it, therefore it makes sense to let

things be for the time being. Unlike the Federal Reserve and unlike the

UK central bank, not great, as you say, preparation for the negative

interest rates when it came in January. As you say, it was a big

surprise. When will we learn that this is working? There's a great

debate as to whether this policy actually works at all. I think

that's correct. If you look at the longer experience we've had in

Europe, the jury is out. Looking at the BIF report, there are some

positive aspects but it's unclear whether it had a dramatic affect. --

BIS. The exception might be Sweden where the economic data has picked

up quite sharply, but whether that's applicable elsewhere isn't so

clear. It's a very boring message but we do have to wait and see. In

the meantime for Japan, how is the economy faring? In the last quarter

of last year it contracted, people were wondering whether other

nonexpert woodwork, -- are they not mix.

Where is the economy out? Will businesses in Japan spend more and

invest more to get the economy moving again? The interesting thing

today, and this gets overshadowed by the Bank of Japan non-

announcement, is the tertiary index figures for January, the service

sector, the largest part of the Japanese economy, strong numbers, up

1.5% month on month, better than expected. This is pre- corrode

Brazuca territory if you like, as is most of the data. But the data has

been middling. Lots of jobs have been added? The boy and data has

been very good to be fair and there is some sign of wages coming through

-- and the point month later. Spending has been disappointing,

though -- employment data. The bullish and you would be that if you

get nothing on your deposits then you're more likely to spend. That

I'm afraid rather tediously the jury is out on. Jonathan, thank you for

coming in and giving us your announcement. Lots more analysis on

that bank of Japan announcement earlier.

China's Anbang Insurance Group has made a surprise takeover bid for US

The cash offer of just under $13 billion is higher

than an already-agreed takeover from Marriott.

Also apparently they are eyeing up another chain as well.

Nice to see you. Suddenly we're all having to get familiar with this

organisation, and bang, to find out what they're up to. -- Angbang. Not

many people know what they do but Sally did research, they are a

Beijing based company founded in 2014, a very young company, with an

initial focus of car insurance. With a spate of deal making and other

things overseas this privately held company manages about $300 billion

worth of assets. Apart from its acquisition of strategic hotels and

resorts for $6.5 billion, they've also made some major purchases over

the last 12 months. They have a stake in a Korean insurance company,

a Belgian banking company as well. They made headlines by acquiring the

New York landmark hotel Waldorf Astoria two years ago for 2 billion

US dollars. If they succeed purchasing Starwood this would be

the biggest Chinese investment in real estate assets. But Marriot are

still wanting to acquire Starwood to create the biggest hotel company in

the world and they say no one will break up this happy marriage. So

many twists and turns as you go up the aisle.

A fired VW worker in the US has launched a lawsuit

against the carmaker accusing it of deleting documents and obstructing

justice in relation to the ongoing diesel emissions investigations.

Daniel Donovan, who worked in IT for the company, says he refused to

take part in the deletions and reported them to a supervisor.

He says he was wrongfully fired in December.

Oil prices fell nearly 3%, and are are now trading under $40

a barrel after Iran put off plans to join countries

Iran's oil minister says the country will only join

discussions to cap output after its output reaches a pre-sanctions level

The cosmetics company Avon plans to move its headquarters to the UK

and cut 2,500 jobs worldwide as part of a turnaround plan.

Innovations in technology affect many aspects of our lives

but the advance in the financial world has been noticeably swift with

But now the next innovation seems to be taking off.

In fact the UK's Royal Bank of Scotland is replacing hundreds of

But what are they and can they really do better than a human being?

Mobile banking apps are everywhere. In fact one bank boss recently

admitted that his busiest branch was a morning commuter train. The bank

in question was Royal Bank of Scotland. Now it's set to cut 220

face to face advisers from its payroll as it switches its customers

to so-called robo advises. So what exactly is robo advice? Don't worry,

you won't have to see a scary chap like him, you won't even have to see

a human being. In fact, you can get everything you need from a mobile

phone app. There are basic questions that help us to understand as much

as we can the risk attitude and risk profile of our clients. One company

that recently entered the UK market is the Italian firm Money Farm, it

uses robo advice rather than a human personal financial adviser to help

its constant is make investment decisions in a wide ranging set of

markets. With this technology you can build a different way to explain

and help people invest their money. In the robo concept comes from the

fact there is no need... At least it's not mandatory to have someone

interfacing with the clients, the computer or the app on the mobile

phone can help you do it. The UK regulator certainly believes costs

for customers will come down by the development of this technology. But

can we trust a computer to make the right decisions when it comes to

personal finances? The biggest problem is it's a one size fits all

approach, it's like going into a shop and it only having small,

medium and large and trying to fit into one of the brackets. It can

overlook some of the complexities of your financial position. For

instance, it doesn't really look at your tax affairs. According to one

analyst, assets managed by robo advisers could hit $5 trillion over

the next few years as the traditional investor becomes a lot

younger and more tech savvy. Banking app or human. Send me your

thoughts. The markets all headed south. The yen has strengthened

because rates have got weaker in Japan, Hong Kong having a tougher

time therefore. Oil down below $40 a barrel. Markets across the border

yesterday were really strong, Wall Street closing flat. The broader

market pretty flat as well. You're up to date. We'll look through the

papers in a minute. See you then. A group

of parents whose children died after getting meningitis will give

evidence to MPs later today, after more than 800,000 people signed

a petition calling for Meningitis B vaccinations to be given to all

children under 11, not just babies. But the Government says the current

programme protects those most at risk and extending the programme

would not be cost-effective.