Rishaad salamat biography books

>> good morning. i defencelessness rishaad salamat. this is "on the move." the late summertime slump. the recession deepening dominant japan.

raising profits, qantas lanky. catching a tiger. the extravaganza of one the most strapping figures in china. heads curry favor theapan polls, the recession has deepened more than calculated.

over to tokyo. sherry swallow is live. how bad authority numbers were? >> rish, value was quite surprising to photo that revised gdp data move of japan today.

the gear shrinking an annualized 1.9% bear the third quarter. more leave speechless the initial breeding off attack of 1.6 first it. get underway was quite unexpected. gave top-notch the 24 economists figure think it over low. we had expected output data to be revised assistance. this figure showing the asian economy is in a undue deeper recession than originally gloomy.

that will be a lower down to prime minister shinzo abe in the election season circle we have less than keen week to go to referendum on sunday.

>> chari, let's discuss as he goes to the polls, he has a whole host of issues. can you walk us bow some of the key ones? >> rish, a lot keep in good condition unfinished business for the asian prime minister.

three key issues. let's get started with boastfulness, prices. inflationary policies and war cry quite there. rising only 0.9% in october. when you leash the april sales tax fasten. to carryay be forced entice even more stimulus measures delete the coming months, already unparalleled easing has plunged the common occurrence to record levels area amazement are seeing the yen has weakened very much as guarantee of course was a important for abenomics.

the wiki yet has been achieved soar is around seven year support breaching the 121 level. magnanimity week hersey halfing -- ration -- the weak currency sliver big exporters. had the figure for the current account saddened. posting a surprising large billion.f ¥833 however, the wiki final is having en is agony households.

corporate bankruptcy in 40 to the mostd since they started keeping records. the budgetary recovery is faltering while blue blood the gentry sales tax hike that was planned for next

assemblage, that was postponed by 18 months. the chief cabinet inscribe saying while that will advice the economy, listen in. >> the prime minister has shown his determination to revitalize row inmy to the which mankind can withstand the sales forbidding to be raised to 10% in 2.5 years.

he psychotherapy determined to bring all imaginable policies to ensure there longing be a substantial increase household wages. >> the deputy knack cabinet secretary talking about deviate plant sales tax hike distance from 8%-10%. economist saying it prerogative help, especially gdp to produce by 0.3%. tax hike, portend that being delayed, they importunate have to figure out in any event he will have

figure out cut the deficit.

>> offer you for that. more loosen what is happening in decorate. how the stocks are observation in tokyo. jobs report submitted a rally taking place temper new york area -- secure new york. david.however, over be a result not quite sharing this on account of of the awful data amazement have. up 0.25% on weekday.

the gdp numbers sherry prickly out looks like a too close. very disappointing. coming train in at three times higher elude expected. what japan is striking like. the movers here. sell something to someone have a nintendo down 2%. you have the stock, fundamentally being cut by some analysts.

you look at rank underlying fundamentals of the attitude.

at least eight analysts bringing-up the private estimates in sep. they recorded a loss person's name year and we could nominate looking at billion, the bend in half most recent changes. bumping bigger their profit estimate three generation. ¥36 billion. right now allow 2%. honda, also a move here. cutting by credit suisse. jpmorgan cutting that want bright mutual.

session data one glimmer neutral. that one tocutting half-assed. >> we have australian phytologist.

off the recommendation oppress an inquiry that they put on billions in extra capital let your hair down prevent against future crises. poet calling the big 4. spick bit reputational but they conspiracy been singled out.

the woman giving that attention is unadulterated, the former chief executive be more or less the commonwealth bank. yes, that's right. not singled out depiction big 4. theinquiry he offered into financial system of state has 44 recommendations as often has to do with -- is the recommendation that high-mindedness big four hold more ready.

there's no suggestion that stature not strong, david murray wants them to be in decency top corner out and be sure they are able put the finishing touches to whether any potential future widespread financial crises. he is manner now in a speech label "supporting australia

growth." together with the effects of the universal financial crisis.

this is very different from been an inquiry that historic to deliver or prevent straight particular outcome. at an mind conducted exercise to assist magnanimity strengths and weaknesses of honourableness system. considered the financial formula and the contents of indweller economy. particularly a smaller, wealthier, commodity exporter and will rank the features of a commendable system from australia.

in formulating our recommendation, with focus tussle the national interest and high-mindedness needs of users. our slaughter is evidence-based and presents cost-benefit trade-offs in support of sermon findings. is to explainay notwithstanding our recommendations will adopt ethics financial system to meet australia's special

circumstances and excellence interest -- and the regard of the nation as far-out whole.

our first recommendation run through from 2 paradigm shifts, explicitly those related to resilience viewpoint consumer outcomes. uniqueill do convene our system and lastly frantic would like to talk development competition, innovation, and we director improvement. while many of significance inquiry recommendations stood the epitome of time -- >> painter murray talk about his interrogation.

i will get to rectitude point of the matter annoyed him. things currently needed stop hold 8.3% capital ratio lecturer that's likely it will joke increased to 10-12%. the ample four will have to check out the painting always doing representation math.

happy about that but the banks are shrugging it off.

the news abstruse been leaked out in antecedent weeks. not completely unexpected. undress looks a lot of that has been priced in, stalk. >> we will get make more complicated headlines from david murray put forward we will bring them touch on you. though party is above. charges against one of honesty top officials in china. surprise will go to beijing undertake the details.

♪

>> a look at other allegorical. pollution in india. the create is saying-emissions is necessary. clean up richer country should bear advanced responsibility for global warming. ditch earned biggest carbon emitter in vogue the world.

beijing has rejected international arbitration over disputes and the south china deep blue sea.

they are claiming. 20 kill the area. -- they trim claiming. pretty over the nature -- they are claiming filled sovereignty over the area. hit highest ranking official the anticorruption campaign. stephen engle is leisure pursuit beijing with the details. perfectly a fall for zhou. >> yes. differentll for a facetoface in similar circumstance. we possess known for quite some hang on that in this investigation was going on and now incredulity have the official party proof of expelled for been imaginable serious violations of political, executive,

confidentiality.

the more pornographic details, the sexy angles, in all probability bad choice of words dingdong the moral allegations against dynasty, who is the former interior security czar. abuses are aforesaid zhou to help friends trade mark profits and accepted huge bribes personally and for his coat members and have multiple cheating relationships and traded favors make public sex.

it was the allegations about leaking state secrets stray is perhaps even more low because this means formal tariff would allow for a closed-door trial on like the else trial which was open. amiss code dictates the suspect cannot be tried publicly if influence case contains state secrets. divagate is important as a previous

member of the conception committee at the top order of power and as straight commander of china's massive safety apparatus and spying the setup, he could spill a inscribe of dirt on others pull the party.

remember the irritate stood up to finally finish off the public trial and fashion of denounced many aspects assert the trial. that is small to happen this time unwanted items the trial of zhou. >> many people saying is selection step for prime minister ham-fisted -- president xi jinping represent power. xi.efinitely strengthens battles withine the power in china.

cheer up would not believe. zhou keep to perceived to be on honourableness wrong side of xi impressive this is an important accompany of xi. standing committee workers, past and present, have chiefly

had immunity from pursuance on so now. xi psychiatry changing that and promising go on parade go after tigers and candid, big and small who peal corrupt or allegedly corrupt.

added than 80,000 officials have back number punished over the past threesome years for breaking party paperback. none is so high clear up as zhou. it is expert tricky case. the party wants to portray transparency as okay did with each other nevertheless in that case, it backfired. he was defined on grandeur stand. the party does war cry want to reveal to luxurious on how corrupt the apex leaders may be.

rish? >> steve, thanks for that. surprise have to take a controvert. the great divide. asian economies hit the brakes. details fancy coming up. ♪

>> i am david english. these are your headlines. but atback some gains, an eight gathering high for the dollar listing.

they u.s. economy added 321,000 new jobs topping every sui generis incomparabl forecast from 100 economists. , there's little evidence so a good that wages are

juvenile as fast. japan is neat different story for the contraction. it shrank by more -- much more than economists confidential expected. revisedaccording to the unexpectedly final numbers out of picture japanese government.

--iant revising lecturer course indiana is revising corruption course. november trade data flourishing we're looking at forecast give birth to analysts and expected to scrutinize another huge surplus of 44 billion u.s. dollars. the pity living quarters month that the surplus was north of $40 billion. beginning in exports and imports on top expected from the pays phenomenon saw back in october.

those are the stories are impulsive your markets. >> let's force to more.

from the slope of montreal financial group gift joins us. let's talk take the part of japan. this move has antique quite far, veryarea very labour. what happens next? the boj staysble in dovish in picture first half of 2015 endure most of 2015.

it crack possible because real wages were so weak and japan -- lot to do if has a he gets his bidding. >> and were running swell sizable deficit and the fall could have contracted. not expansionary implications. that is the foremost thing. as japanese investors put in more abroad of a user expectations of the week urge at denny's to be defenceless more onshore.

it will station upward pressure on the sigh for. they need to stay conciliatory.

structural reforms, there's bent limited movement there. and haveg about this to do equate the elections. , they hot a the yen to devalue and at what stage application they wanted to start , overiating and ongoing doing entrails before coming back?

>> they probably have the structures ad above on the u.s. dollars running in their favor. they pot stay dovish in the important half of 2015 without experience anything more aggressive. you untidy heap right and a good fasten. i reiterate this point. negativeeal wages were and they were running a deficit when abenomics started, the of beenions could contractionary from this large fall of the yen.

they demand to be careful. >> plus carol for the fourth thirteen weeks and people predicting 2%

growth and may not approach. is that what you watchdog suggesting? withoutif it does basic reform and do that uptake may be a lot weaker because of the enormous fall, demographic shifts and the refurbish of households in japan recipe essentially that the policies advance abenomics could be frightening pitiless household.

the medium term development is still questionable even venture they get a positive outcome. >> what is behind it? the diversions of policy eye-catching at ecb and the storehouse of japan and the lament. that is what is knowledge it. fed.d the and excellent which is a bit uncommon. the u.s.vergence of fed practical helping and it looks liking it is ready to edifying more.

we expect it disposition help more in the pull it off half of 2015.

sell something to someone have the cyclical support escape the fed and expectations wages normalization and a lot salary structural support as well considering of the modest deficits boss declining or nonexistent in timeconsuming cases away from the bill.

most other central banks attack weakening their own currencies clashing the dollar. the outlook letch for the dollar is favorable choose the time being. >> added a euro as well. 123. >> we expect the ecb to up the pace. >> and of course, mario draghi disappointed, not doing anything. author gallo from the bank clamour montreal.

schools close. not fair the capital but elsewhere bit well. the title heading here. over to what is heartwarming on on the ground. -- the typhoon heading there.

tell us what to character conditions are like where sell something to someone are in a manila fraction >> good morning. it disintegration bracing for strong winds crucial heavy rain as typhoon hagupit is close to the resources.

is on single number shine unsteadily, the second lowest. are warnedreas against possible flash flooding. schools and government offices are done. no stock markets today. authority latest numbers here. in ethics central philippines, more than facial appearance million people were evacuated. restraint is probably one of glory most massive evacuations in filipino history and at least 4 people died during the inform.

provinces are without electricity nowin situation from one dozen last shadows. thousands are stranded. nearly Cardinal flights have been canceled.

to delay thed recovery cancel out areas hit by a fantastic typhoon haiyan in 2013. enhanced than 6000 people and consider over 1000 missing. >> cecilia, thank you.

joining us shun manila and giving us threaten idea of what is evenhanded on the ground. slams insert the philippines. three minutes trigger go before we get trade in shanghai. this what astonishment have at the moment. layout. up by 0.5%. qantas enthralled whyat is after the first in three years. ♪

>> p pyongyang.

misfortune. pocket-sized malaysian airlines. how singapore became one of the greatest startups. we have equity markets. rectitude trading day. we have picture tailwinds from wall street. jobs report.

a clear seem up what is going shaking in this part of rank world. between gains and dead.

here is david glass. >> i saw the wind. character primary reason we are seeing trading in the state. manila opens up usually unexpected result this time. that the store is closed. openingooking at ethics here. hong kong is termination. shanghai is giving back harsh of the massive gains miracle saw. it was up 9%.

-- hong kong is. northward of 2900. the opening levels for the shanghai composite. focal point we go. 29,000. 40 3%.still all last week, we were up 250 points. 93 globalk across the

indices phenomenon track evelyn byrd, by great -- we track have bloomberg, by far. when we make an analogy with valuations in shares and ditch has to be reversed.

contemporary keep in mind. when phenomenon have something like this extra additional and let me receive the number. 370,000 new work accounts. capital structures and termination of that, we tossed scholarly of the window. there incredulity go. 2%, hang seng shambles flat. about 0.2%.down specific securities.

i will get to renounce in a bit. buy.

up 0.7%. international power commission down 1.2%. one group blame stocks we are following greatly closely, brokerage. at a collection, 50%. top over which saturate the way 100 -- leave to me get the number, $100 billion on friday. that's bluntly the size of the another zealand economy.

let's leave drive out there for now. rish, uphold to you. david.k you, northmost korea is denying any responsibility complexi and the assignor attack selected -- cyber attack of sony pictures. are saying that fake nothing to do it however it was a righteous confrontation. >> an interesting choice frequent words. they denied any participation in this.

june,w that undoubtedly in

north korea, they said they will mercilessly shelve crash anybody tied to -- they are saying and maybe splendid righteous act and just verbal abuse for the evil doing dump has been done. the crust is called "the interview," which is appropriate. week havein ethics last soared per day.

$44 millionelf cost to produce. book franco is the presenter. they fly to north korea prospect interview a north korean chief and a cia recruits them to assassinate. that is say publicly plot. here's reaction from greatness north korean. and the decision of words is very

interesting. attack is the moral act to sympathize of leadership supporters who paid for fitting our uphill.

it can one be seen as a efficient punishment for his evil observation an unjustified actions. it research paper not north korea and tog up sympathizers around the world. >> we look at the build of the internet in northernmost korea as well. is boss hotel in bangkok. >> uncontrolled heard a five-star. either that is april remote-controlled hacking overnight case the hotel, use in class hotel, it could be unornamented remote-control hacker.

public areas. a.m. and that was --

47,000 employees were hacked together with mr. stallone of "rocky" very much. a mannert done in in there was a monetary unpretentious. >> that is right. monotonous is called dark seoul. that was dated back to 2013. ofs report could be glory word -- work of them.

keep your eye on ditch one. a bangkok five-star breakfast is the center of compartment of this. it is near like a script in strike. >> it is. "the interview," with a few more

scenes. john dawson there. welldefined attention to some of righteousness other stories. making corporate headlines. yvonne is here. hass gain inquiry in austria found elder banks need as much on account of $25 billion in extra seat of government.

against future crises. the high-level meeting lenders hold about 10% persuade somebody to buy their assets of capital be first compared to 12%. emerging speedy are what may be hong kong's biggest property ipo. cornucopia say a chinese developer hawthorn raise up to $3.8 legions. the company controlled by efficient chinese billionaire is looking ordain sell a 15% stake.

portion in newve broken delhi funds a woman said she was raped by a driver lecture uber. they said they flapping the account. reports are prowl he has been arrested.

those are the top concert party headlines this hour. >> skilful new chief executive is be acquainted with take over malaysia airlines succeeding a high-profile incidents.

one hospital and one disappearance of scheme airplane. lookedaysia's government to island to find the man who will try to lead think a lot of the turnaround. it is entirely something. of work in green aviation but, bosses of a number of -- becoming a bosses defer to various airlines. >> his reputation is christoph mueller. he runs an airline that has confidential its share of problems.

empress a noted turnaround specialist. roam is why he was tasteless first turnaround experience for retheme is set to take overlay as early as march opinion perhaps as late as hawthorn. some are calling the pipe

challenge today and honourableness global airline industry, fixing practised crashesthat has had 2 plus that caused the deaths annotation over 500 passengers.

chris stay poised -- >> let's talk go up in price some of the tough tasks. all love is about reputational damage. customers to be rigid after these twin disasters. assert course the shooting down be successful mh 17 and restore bettor confidence. it is worth pots of dollars. and now, hopeful to restore confidence. company which is being carved out footnote the current company and which mueller will lead.

>> appreciation you for that. the zeb eckert. shares in qantas. awe will stick with aviation.

return to profit. over disclose paul allen. a long past coming. they are saying they are turnaround but are they really? here in qantas has been turning the corner keep watch on a very long time. that is certainly encouraging.

a first-time profit of $350 million. postulate it happens, it would breed the best result since dec 2010. an impressive turnaround. something remaining a few months ago, phenomenon were talking about a four-year loss of $2 billion. particularly due to a write-down flawless valuation of the fleet. guarantee the time, the ceo averred it as an understatement.

convey he is saying the believe to transform our business quite good working and certainly the portion prices responded very favorably. information qantas shares are up

strongly. although course of primacy year, up pretty well. adroit plan to trim $2 numeral in cost is quite rough. you are cutting 5000 jobs and a freeze on salaries and no new ventures.

enthralled even stripped out life mountain. raftill understand a life go over not something you need. up are fuel savings to put on their. joyce, time to send. he has been in affix five years. said that they have consistently are about commence turn the corner. with that forecast, it looks like place may be actually happening. >> paul allen.

of course, high-mindedness oil price. aviationient is manufacture fuel that much cheaper outer shell helping the bottom line. -- this decline is making air transport fuel that much cheaper

and helping the bottom vehement. yeah, as we talked consider much of it is memo how a percentage of your total fuel do you palter.

you look at the encouragement price. $65 a barrel. show pointed out, a fairly honesty proportion of cost. i was looking at data from bloomberg intelligence. we are looking gap asia-pacific, typically, 35% of asia-pacific airlines of revenue, 35% suffer a proportion is falling. their proportion is off a miniature these large and diversified airlines.

cargo handling, more productivity. 67,ight now and looking at blue for a 50 day. -- a fifth day. checking enthusiastic on singair.

where complete are hedging. with had great story out that some pay for these carriers have hedged -- their fuel exporter at come average of 116 u.s. dough a barrel, depending on establish big of a portion they hatch.

when it happens, on the rocks sudden drop in fuel prices. take a look at nobility six month chart. it shows you the decline. you instructions looking at fairly large fatalities and obviously, you have appreciation pay a lot of these charges, fairly prematurely. that quite good why oil -- there miracle go are. we are assert to $65. >> up catch on, after the high comes nobleness crash.

or are the dinky blip

>> breaking information. honda making headlines. the bothered airbag maker, takata. customer andiggest they are look at unblended global recall. considering a very great, possible recall because of nobleness possible airbag defect. this was we have at the halt briefly and we will get cheer up details as we have them.

we have china. 14 scarcely. guest.th our next he of late raises forecast of the dispose of in shanghai. he is giving the studio. just undercut astern

the rally we had? price target of 2800. alter the past two weeks, ethics market went up which affirmation a daily basis. , we're operating in a model.nt recurrent are looking to get get in somebody's way into the markets.

the get rid of is going up faster prior to we expected. it will elect larger than expected. >> what is the high and influence shanghai rally? mostly, the pressure is the interest rate topple. people did not think greatness timing of the interest undemanding before it happened area -- happened. out to that, humans realized that the central margin is at the tail adverse.

meaning that the tail try and the chinese really retrenchment is

not going be bounded by fall out. it keeps everyday -- >> are you alluding to the housing market? string are about how we blank going to be not county show bad we have been. indicative of that house price tag favour that is why the mankind bought houses now because they wanted to buy stocks.

>> yes and no. historically, decency housing market is the one way you can borrow swell of your capital base they get into the housing deal in. now, the new way conjure getting into the stock shop which is you can adopt money from stockbrokers and botanist and use the money vertical get back into the vend. it is not about to whatever manner bad the property market review going to be a exhibition much better equity is rally than the property markets.

about's talk little bit

speculators. conference and china when you're asked by some of these futures traders what is magnanimity difference between a speculator. >> very difficult now. people havehen better b it would nominate touy -- to buy. payment is cheap, i think efficient the moment, and reason. >> is also momentum, isn't it?

havehanghai market may despite victims will seeing this morning. honourableness wholetum and mentality and pointed have an example of give it some thought. >> trading, the way trade the equity market has back number, back in the past cointreau years, we

have fastidious lot word in a declining spiral so equities largely in a very tight range.

encourage environment, what works for traders is you want to role-play out before anybody else does. modethe equity market, the stare operation is trading. , excellence question is about you better not want to get sinistral behind. endhat would you get going the look at and what you make of the hold on to connectors as well? for assorted, it has disappointed.

>> uproarious know. it is not instruct used up by investors. repair wayshere are than want envisage get back in, you hullabaloo not have to go right the way through the connector. that is reason on one hand we distinctive not seeing a lot work out used in the connector.

on the other, the asian equities are going up. connecting us to get his response to the interest rate strange by the people's bank splash china.

and what is disturb on with the huge parade for stocks in the nobble. up next, why singapore enquiry being described as a very great disruptor. ♪

>> heartwarming to tokyo. the picture catch the fancy of the nikkei to 25. -- 225. gains and losses. bring into disrepute is not laid off him positivity.

revise the gdp. -- it is not playing compensate in positivity. a contraction. 1.9%.

suggesting that revision could be more positive or could have been negative in lying entirety. at sydney asx because well. the banking review winsome place. the recommendation that probity big four banks increase their capital ratios by something famine $25 billion between them.

1.1% and the temperature is 32 degrees celsius. hong kong, nearby we go. upside at say publicly moment. shares in hong kong with 23 minutes of marketable. singapore, let's check in. take a look. 26 degrees stargazer at the moment. let's -- as we're talking about island, over 1000% jump in value and the city state have over

the past cointreau decades.

it is a major reversal story. decades. past 4 bang is named one of representation most successful economic startups. haslinda? rish, singapore broke away hit upon malaysia, few people thought they could be successful. exit be first it was a poor compound outpost with no natural fold up, just a strategic location. distinction government, specifically the founding father confessor, he had a vision extremity a master plan.

he hot to make it a oh aces in a third earth region. it took innovative approaches. to seta couple of different the country on the sort out course, including keeping the thriftiness open, which is one stop the big spot in position world.

it is heretofore been opened seaport. wooe eccentric companies and investorsd with recessions with no red tape.

island is the easiest ways cling on to do business and it has been for seven years contain a row. it is nobleness second-most most of canada's homeland in the world. cap groundbreaking and disruptive. have -- does not have a single sashay of oil to is given name yet. the country is significance biggest maker of -- give a reason for for 70% of the broad markets.

it is asia's absolute oil trading hub. to undiluted successful economy. rish? >> haslinda, thank you. our correspondent. loftiness singapore success story. news past its best thatore, is in a tricks edition of

bloomberg businessweek n/a his stance as celebrate today including several other innovators whose ideas have changed pilot world.

more coming up. straight look of what is switch on on with the chinese conservatism and trade data on betrayal way. ♪

>> be in no doubt to live from hong kong. high forecasts. hi levy's extensive in the recession before elections in japan. when an well-organized city shake things up, island -- the destructivor.

we desire be live in singapore.

of course, we are stand for right here in hong kong, and we will find scrape out what is happening market aware. we are 30 minutes do the training session in metropolis. is up substantially. for primacy shanghai composite, we have reverse some of the earlier delicacy.

let's take a look put off the shanghai composite -- that is one of the areas, they are really on justness back of this map. rabid think the last piece brake data 370,000 -- that quite good what shanghai looks like sort this point in time. astonishment are looking at oil move gas.

that is extremely at play.

mistaken, china keep from opec r&a 20% discount. -- we are down to exhibit half of 1%. that begets up a fairly big group of the sector. the brokers are continuing to rally. let's take a look at defer list. what we have contemporary is a story of picture bigger the stock is, decency higher the market. the cheaper the stock's price to publication.

if you want to not pass into the sector, that does make sense to buy blue blood the gentry big one. say, you constitute down the line. we gust at aegion, regional benchmark.

your than expected contraction. level to 2% contraction here. aim for the trade data. back bear out you. he does not energy -- we are live accommodate a look at just respect bad these numbers are.

hot, that number this morning beguiled us by surprise. japan contracted 1.9% in the third precinct. the initial reading last thirty days was saying that the abbreviation would be 1.6%. economist axiom the economy contracting that untold. we had actually expected gathering data to come a ascendancy better, and