:00:00. > :00:21.Fighting for fundi ng - a larger number of small businesses
:00:22. > :00:25.are turning to credit cards and even crowd funding to get the cash
:00:26. > :00:33.And out of the blast furnace and into the fire -
:00:34. > :00:36.Tata Steel is likely announce large profits in the coming hours -
:00:37. > :00:39.will the lack of a buyer for their troubled british business
:00:40. > :00:47.I'm Sally Bundock also in the programme -
:00:48. > :00:50.Hanjin - the troubled South Korean shipping giant has been thrown
:00:51. > :00:52.Our team in Singapore has the latest.
:00:53. > :01:03.A lack of easy access to funding is forcing more small businesses
:01:04. > :01:06.across Europe and the US to turn to credit cards
:01:07. > :01:10.The news comes at a tough time for small firms with a number
:01:11. > :01:14.of banks now warning that they may have to charge businesses to accept
:01:15. > :01:20.Today's report by Hiscox insurance reveals just how much pressure
:01:21. > :01:22.businesses are under in the current economic climate.
:01:23. > :01:25.It found that 22% of small and medium-sized enterprises,
:01:26. > :01:28.SMEs for short, are now finding it harder to access bank financing.
:01:29. > :01:33.Worryingly 17% of those SMEs are now using their credit card to help fund
:01:34. > :01:36.the business - and that numbers been increasing for the past three
:01:37. > :01:40.10% are even considering crowd sourcing through peer-to-peer
:01:41. > :01:42.lending sites in the coming year to fund their business.
:01:43. > :01:45.The report also shows just how difficult it is to succeed
:01:46. > :01:51.with a new business - 40% of people who have
:01:52. > :01:53.set-up their business within the past four years
:01:54. > :01:56.are still relying on income from outside sources.
:01:57. > :01:59.There is some good news though - 66% of small business owners
:02:00. > :02:09.and managers reported a growth in revenue in the past year.
:02:10. > :02:11.With me now is Goncalo de Vasconcelos, founder
:02:12. > :02:13.of Syndicate Room, an Equity Crowdfunding platform
:02:14. > :02:30.I know you are not surprised to hear these statistics because you have
:02:31. > :02:35.seen a surge in demand for what you do. Explain how you help small
:02:36. > :02:41.businesses get funding. We are an online investment programme and we
:02:42. > :02:45.lend companies. Companies that start for capital for growth, and
:02:46. > :02:49.investors that are looking for places to put their money. That will
:02:50. > :02:53.pay them a bit more than their savings account. So you act as a
:02:54. > :02:59.middleman in the crowd funding world and the investors can be people who
:03:00. > :03:04.have just ?1000 to invest, or more? Correct. We are an online platform
:03:05. > :03:10.that links those two parties in a very, very manner. We and our
:03:11. > :03:18.investors are people that could have ?1000 to invest. Why is there such a
:03:19. > :03:26.surge in demand for services like yours? They have been encouraged by
:03:27. > :03:33.the government to invest me -- investment banks. They keep on
:03:34. > :03:41.tightening it even further. It provides an opportunity for forms.
:03:42. > :03:44.Regardless of banks tightening lending criteria, the two
:03:45. > :03:48.fundamentals are still there. Companies are still staffed for
:03:49. > :03:54.capital and capital for growth. Investors are still looking for
:03:55. > :03:59.where they can get returns. With the recent interest rate being lowered,
:04:00. > :04:04.what that means is investors are looking at other places. The concern
:04:05. > :04:09.is that the companies that are contacting you and thinking outside
:04:10. > :04:15.of the box are already companies, biotech companies companies in the
:04:16. > :04:24.UK, those relying on the credit card are perhaps in a difficult place.
:04:25. > :04:27.That is not a way to fund a business. Credit cards are not a
:04:28. > :04:30.sustainable way of finding a business. Certainly not a big
:04:31. > :04:35.business that is growing at a fast pace. What that means is that those
:04:36. > :04:39.companies are... If you think about crowd funding. A few years ago, very
:04:40. > :04:43.few people knew what it was. These days, it is going from alternative
:04:44. > :04:47.financing to the mainstream. The report show that 10% of the
:04:48. > :04:53.companies are considering it. Two years ago, not even 10% of people
:04:54. > :05:00.had heard of it. Interesting how things are changing so rapidly. A
:05:01. > :05:06.key for your time. There is more detail online. -- thank you.
:05:07. > :05:09.To the Indian business capital Mumbai now where Tata Steel
:05:10. > :05:11.will release its latest set of quarterly results
:05:12. > :05:15.It could be a busy week for the company which,
:05:16. > :05:19.is also expected to offer an update on its recent attempts to sell
:05:20. > :05:23.Here's a quick reminder of the issues at stake.
:05:24. > :05:26.The company employs some 11,000 people at plants across the UK,
:05:27. > :05:30.including its huge Port Talbot plant in South Wales
:05:31. > :05:32.But after racking up heavy and sustained losses the company
:05:33. > :05:36.announced in March that it would be putting the UK business up
:05:37. > :05:41.One of the reasons that no deal has yet been done
:05:42. > :05:44.is the British Steel Pension Scheme which Tata is primarily responsible
:05:45. > :05:47.It has liabilities of around ?14 billion pounds or 18 point six
:05:48. > :05:53.That's a huge amount for any buyer to add to their balance sheet
:05:54. > :05:56.but its being reported that a solution to that issue could be
:05:57. > :05:59.Here's Sameer Hashmi with his analysis of
:06:00. > :06:16.There are two sides to this company. It is struggling European operation
:06:17. > :06:20.which is in the centre of attention that the company has been losing
:06:21. > :06:25.over ?1 million everyday when it comes to its UK operations. It is
:06:26. > :06:36.also the largest market in Europe. When you look at Tata Steel's
:06:37. > :06:40.performance in EDR, it has been doing very well. It made a profit of
:06:41. > :06:44.over $700 million. The problems in the European market have been
:06:45. > :06:51.weighing it down the sometime. Last year, Tata Steel reported a loss of
:06:52. > :06:55.nearly $500 million will stop what next for Tata Steel? Analysts expect
:06:56. > :06:58.the company to keep making profits here in India because the amount of
:06:59. > :07:04.steel is rising over here on the back of fast economic growth. Tata
:07:05. > :07:08.Steel's plans as selling off its UK operations have dropped off after
:07:09. > :07:15.the Brexit vote. Now the company is in talks with other steel majors at
:07:16. > :07:18.like big guns in the European market. People are wondering if
:07:19. > :07:25.those plans are making progress. When we get the numbers, we will
:07:26. > :07:33.update you. One of the worlds largest cargo
:07:34. > :07:35.companies Hanjin Shipping is being thrown a financial life
:07:36. > :07:39.line in a bid keep the bankrupt Sharanjit Leyl joins me now
:07:40. > :07:58.from Singapore with more. I am back on dry land now. It is one
:07:59. > :08:02.of around 80 ships that are essentially stranded out at sea. It
:08:03. > :08:07.is as the firm grapples with bankruptcy. Along with a financial
:08:08. > :08:11.lifeline that you talked about, it's biggest shareholder Korea airlines
:08:12. > :08:16.extending some $50 million to the company. This is to help unload some
:08:17. > :08:20.of the stark cargo that remains on many of those ships. We also saw one
:08:21. > :08:24.of the ships being allowed to dock off the coast of California this
:08:25. > :08:30.weekend after US and encrypts the court granted it. It is about 8000
:08:31. > :08:35.ships out there they are stranded across some of 50 ports in as many
:08:36. > :08:38.as 26 countries around the world and that is as we know the company is
:08:39. > :08:45.far from receivership in early September. -- filed for. We saw
:08:46. > :08:49.debts of under five and half billion dollars and it is causing havoc in
:08:50. > :08:53.global trade, a surge in freight rates and vessels have also been
:08:54. > :08:57.seized will stop we know, of course, it is one of the world's largest
:08:58. > :09:01.container carriers according to its website. Transport is around 100
:09:02. > :09:06.million tons of cargo annually. When it leased half a million containers,
:09:07. > :09:11.its contents as far as toys, computers and mobile phones, costing
:09:12. > :09:14.its compass -- customers as many as billion dollars, stuck on strategy
:09:15. > :09:19.at around the world, it sends waves beyond the industry. It is actually
:09:20. > :09:22.delayed shipments for America's crucial shopping season. Which, in
:09:23. > :09:32.turn, could threaten to ruin Christmas! Oh, my goodness. Let's
:09:33. > :09:37.mention that Samsun has asked people to stop using their Galaxy seven
:09:38. > :09:43.smart phones and immediately and exchange them as soon as possible.
:09:44. > :09:49.-- Samsung. The phones have been catching fire. Notable -- multiple
:09:50. > :09:54.airlines have asked people to keep them turn off or unchecked baggage.
:09:55. > :10:02.Shares in Samsun have now fallen by over 8% since last Friday. --
:10:03. > :10:05.Samsung. Just to say, strictly speaking, all markets across Asia
:10:06. > :10:08.are falling heavily blowing big losses on Wall Street on Friday. I
:10:09. > :10:09.will see you