a lot of the hong kong i think apartments in hong kong will get smaller and smaller property prices are already so high that the younger generation can't afford them maybe in the future they won't just sleep in space capsules like these for a day or two but actually live in them. a la. the hong kong government has promised to take action senior citizens are now supposed to get priority in subsidized housing but the waiting lists are long probably too long for seventy year old sean meehan learn the only way for him to escape his cramped living space is to go outside. business with. we've. we've. we've. we've. we've. we've we've. got. waltz king does the honors star violinist andre. millions of fans pay tribute to the to. the maestro also has a home visiting his status. a visit to on the plane. in turkey the conflict zones this week on conflict zone i miss them both to talk to russia cuts at least selfhood his ruling party the a.k.p. she speaks for apology on issues and is close so close confidante the president is the government pursues military operations in syria and continues to crack

the hong kong i think apartments in hong kong will get smaller and smaller but the property prices are already so high that the younger generation can't afford. maybe in the future they won't just sleep in space capsules like these for a day or two but actually live in that way a lot of. the hong kong government has promised to take action senior citizens are now supposed to get priority in subsidized housing but the waiting lists are long probably too long for seventeen year old son in law the only way for him to escape his cramped living space is to go outside. and that was on the. off the story which you can find on our website in our series follow us about it and that's it for me and the business team here and i'll have an update for you of course in the next hour and meantime all twitter and facebook feeds for more business news stories before we go here's a check on global markets and for watching but i. want . to. go. to our economy. copeland is legal highlights. a judge threw good shots former teammates in the cyclone telling down three points for his new club. shall good goof

already hong kong i think apartments in hong kong will get smaller and smaller property prices are already so high that the younger generation can't afford them maybe in the future they won't just sleep in space capsules like these for a day or two but actually live in them with a lot of. the hong kong government has promised to take action senior citizens are now supposed to get priority in subsidized housing but the waiting lists are long probably too long for seventy year old sean learn the only way for him to escape his cramped living space is to go outside. the hole all the one came to africa from the americas a little more than two years ago and it's now tearing its way across the continent plaguing more than eighty plant species including the african staple maize farmers in mali a doing what they can to stop the mobs of the army while these farmers in malawi by using a solution of water pounded chili pepper and salt true powerful army worms because off the shelf past the sides have proven ineffective. the crop munching pasts arrived in nigeria on twenty sixteen and spread quickly th

have hong kong services. it would have been financially not viable. why? we would not have had the alliance partner at the other end. they provided us with traffic from mainland china to connector services. that is very important. >> we're going to have to leave it there. the bridge in australia ceo joining us with his views. once more to come. this is bloomberg. -- plenty more to come. this is bloomberg. ♪ mom you called? oh hi sweetie, i just want to show you something. xfinity mobile: find my phone. [ phone rings ] look at you. this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. ♪ >> this is "bloomberg daybreak: asia." ♪ rishaad: more challenges for china, though lunar new year may have played a role. >> abenomics coming under pressure, retail sales and trade falling more than expected. rishaad: noble reporting earnings later. it's pot

when hong kong attract international money to come in and write their speculation. right jack up housing fries and rents and because of that then people can afford right to own or to read and. a typical. housing unit. that's resulted in an upsurge in minimal living spaces entrepreneur eric wong's sells these earthquake proof sleeping cabins equipped with wife by air conditioning and t.v. . so far most of his buyers have been hotels throughout asia. a lot he hung on so i think apartments in hong kong will get smaller and smaller the property prices are already so high that the younger generation can't afford them maybe in the future they want to sleep in space capsules like these for a day or two but actually live in them. a lot of. the hong kong government has promised to take action senior citizens are now supposed to get priority in subsidized housing but the waiting lists are long probably too long for seventy year old sean learn the only way for him to escape his cramped living space is to go outside. consumers here will now be able to shop online throughout the

hong kong i'm home in a cage. probably begin in nigeria where conflicts between headsman and farm. escalating people are losing their lines and the fattal the grazing land and thousands of playing. farmer christopher back a zero six sauce that mother only has a do it floor to rest on about two weeks ago hurts men at tech their village forcing them to flee to mark already the provincial capital now they are living in a school that's on a construction. they have access to water there. but are still waiting for food medical care and mattresses to sleep on. so it's up under its i'm not happy i don't think you've got combo box i would also eliminate will they know it's a robot choice is good here we are so valuable to our living that life i'm all for is. the attacker skills to people in christopher's village the rest have fled. the governor of been away complains about insufficient security forces in the region. he blames the government in the capital even though he is a member of the ruling party. and i don't have state police i don't have states on me i don't have. the air force that.

stocks in the hong kong market. some, these are stocks that are very much en vogue. tencent which is a main driver from china. you are seeing you'd i from the southbound flow. 20% of turnover in hong kong every day. they are expecting to catch up on the chinese come back. david: that really picked up during the selloff. so our viewers can see this. can you can up for our viewers? tencent on the top of the listed from shanghai to hong kong. looking at this. almost like i should worry about valuation when it comes to this. clive: i think it depends on the company. for growth orientated companies such as tencent, valuation is not a driver. with somencept stock very solid foundations. when it comes to names like hsbc i think valuation is more important. on the higher evaluation scale, we see this more towards the lower and. relation does matter, it does depend on the country -- company if it is a more traditional played depending on a cyclical trend. haidi: i went to throw up a quick chart as well. upon -- ock, hardened

kong courts and their independence with all of the tensions going on between hong kong the hong kong government and beijing. well certainly you have to say this is an endorsement of the hong kong's independence of the judiciary system and one that the judicial system the legal fraternity here are very proud of that they work at an arm's length and independently of anything happening within the politics or certainly in china and they've also stated that in the court today that this was not a political debate this decision was based on the legal implications of the legal assessment in evidence and i should start though as well as the them being allowed to go free there was one extra now it's meant to or certainly a tightening of god lines from now on for those who do partake or participate in an unlawful assembly so the rules have been tarred and this has been raised by the three student leaders is one to watch and of concern it means that in from now on any protests police or court action can be tough on. the independence additionally has been allowed and endorsed protesters in the pr

sarah clarke live in hong kong thank you. now the humanitarian crisis from yemen civil war is going more desperate every day the u.n. says forty seven thousand people have now been displaced in the pos month alone and while aid access is improving severe shortages of food and water remain how much on june reforms with the only available drinking water located miles away the children carry what they can collect on the backs of donkeys but the rough terrain makes an already difficult situation even more arduous violence caused these families to flee their homes in the village of u r u s in southern yemen as of bought governorate another reminder of how the conflict in yemen is deepening what the u.n. calls the worst manmade humanitarian crisis in the world. who said we're not living in caves as a result of the will we are facing harsh living conditions especially that ferocious cold homes have been destroyed hardship has become the norm for these yemenis the adults worry the children will suffer the worst and in this makeshift

hong kong has so much -- 75% of hong kong's lands are underdeveloped and unused for residential purposes, and that could unlock a lot of land. betty: could it take a lot of steam out of this? the home prices we have seen already. the demand is still quite strong. >> yes, it could overtime stabilize the trajectory. demand fromot of mainland chinese, so it's a very good question. it's entirely possible that higher supply will unleash more demand as well. betty: thanks so much. housing is always a fascinating topic. that is it from us on "daybreak asia." stay tuned for bloomberg markets. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. ♪ >> this is "bloomberg markets: asia." ♪ asia-pacific markets ext

to make sure that there would no longer be and the eco tree into hong kong or through hong kong and what we want. to happen is that. the commercial bank and the white free trade would spread to other asian countries the ivory market in hong kong is one of the biggest in the world despite attempts to control the illegal ivory trade there is evidence hong kong's market has direct links to large scale elephant poaching in africa wild aid a nongovernmental conservation group estimates up to thirty thousand elephants are killed illegally every year. on kong's always been a failing a while that's very specific me from illegal ivory did i come anywhere when i was a man here legal ivory and always in moscow in illegal trade that's what's been happening for years been happening like that for decades. but as one market closes traders in illegal ivory will search for a new marketplace and last november the trumpet ministration reversed a ban on the import of ivory to the united states. the while the biggest story takes place in here i'm back ichi and house back in. nine hundred fifty and since

sometimes when the people of hong kong. come home from work mr young goes to the soccer pitch he used to work in a slaughter house and lived in employee housing now he's seventy and in poor health has given up hope of ever getting a subsidized apartment as there are almost three hundred thousand other people in hong kong who are also on the waiting list. now from hong kong to turkey two years ago more than a thousand of the country's academics signed a petition criticizing president to retch up tie it to one's policies and appealing for an end to his bloody campaign against the kurds a small act with a major repercussion was many of them were later fired by presidential decree the accusation spreading terrorist propaganda after the attempted military coup around one hundred fifty thousand civil servants in turkey lost their jobs often for unexplained reasons they've hit the streets in protest at being blackballed made captives in their country. by our taras been working behind the counter for only a few months last spring t

in hong kong, counting down to the open of markets in hong kong, shenzhen and shanghai. really turning around at the close. we are looking up. that is a beautiful view for our guests, for a lot of us who will never enjoy the view from the top. we are looking at markets across the asia-pacific right now on the way up. getting in from the pboc reporting slight gains over in hong kong. as we move into the open, very go, and we have the cash markets open up. here is sophie with the opening numbers. .ophie: shanghai gaining 1.25% hanghung saying -- the seng climbing, snapping a four-day drop. the selling pressure is unlikely , and warning that investors should not be lured into rebound that follows any significant correction. just a little bit of tempering of the optimism there, despite what we are seeing today. a lot of the fundamentals remaining intact. that has been the message investors have been implying when it comes to this buying the dip opportunity. when it comes to china, danske events ins to recent contrast to what happened over the past two years. let's check in o

in hong kong. asia." to "daybreak asia-pacific stocks are set to rally into a third week after a strong close on wall street and treasury yields dip. repealed term limit for allowing the president to rule indefinitely. his grip on power arose even stronger. betty: i am in new york where it is just after 6:00 p.m. on this sunday. north korea uses the winter talks.s to hint at fresh the white house says we will see. workshop hathaway, warren buffett said he needs a quiet 2017. ♪ betty: it has been everything but quiet in the equity markets these days. out, but it to close want to point to you a chart. g #btv 9668, which is what we have seen for huge amounts of price swings in the equity market. if anybody doubted whether or not volatility was here to stay, just look at this chart here it it shows you the difference between the highs and lows on average on the s&p fearing -- s&p. right, butett is 2018 is a totally different story. you just saw on the right-hand side with how big those differences are in th

then on to hong kong where living space is a luxury we head to the city where many live in desperately cramped conditions. been eyes ation is an unstoppable trend worldwide more and more people are deserted in rural areas for life in cities looking for jobs educational opportunities and inspiration all want a decent place to live and that's the problem good locations are in high demand and prices are steep. gemini's most expensive city is new neck apartments in the center fetch have been one thousand two hundred euros a square meter and in other countries prices are even higher in new york for example apartments can cost a whopping eleven thousand square meter the three most expensive cities are london at over fifteen thousand euros a square. mita singapore which is even pricea and hong kong tops the list flats that can cost an astronomical twenty one thousand seven hundred euros per square meter which leads to harsh living conditions for the poor. their home is a cage seven men live in a single room in bitter poverty. they often don't have enough money for three meals a day. mr newman

hello i bet it still feels cold in hong kong and it should do daytime maixner about the same as where you expect to get down to at night and it's been persistent throughout the whole of february the winter cold did come down shanghai's warmed up actually surprisingly to seven degrees but the chill mark returned as you can see back down to five by says he and hong kong steadily just about five degrees below where it should be compared with the average but the increase in cloud and humidity probably makes you feel quite as chilly as it was we got a streak of clouds visible from space across india and pakistan is heading so the south is but it is no more than a streak of their e. high clouds that will make the sky white rather than blue but do nothing much else it's that dry time of the year the temps will be affected little bit not progress down to twenty eight and up thirty two again come thursday occasional showers might show in sri lanka otherwise nothing much is the time of year as i said as it is in arabia apart from occasional breeze runs on the gulf is now gone nothing much happe

is being hailed as a landmark vote by conservationists off to china now hong kong is banning the sale of ivory it's one of the biggest markets in the world and has direct links to commercial scale elephant poaching in africa potentially a big step to save the beautiful great giants. the colorful crowd of anti ivory protesters had gathered outside to welcome the decision under the new law the maximum penalty for selling ivory is ten million hong kong dollars around one million euros on top of that the offense carries ten years in prison. the world wide fund for nature welcomed the vote but said that the fight doesn't stop with the legislation this was shown to come to him and garfunkel government to all sponsor the african elephants for these needed next is a step up the enforcement to make sure that there would no longer go trade into hong kong or through phone calls and what we want. to happen is that. the commercial guy in the white free trade would spread to other asian countries the ivory market in hong kong is one of the biggest in the world despite attempts to control the illega

the students who lived twenty four teams pro-democracy protests in hong kong joshua wang knife in law and alex chowk arrived in court along with their supporters united in their fight to have their jail terms dropped and determined to strengthen their campaign whatever the outcome the white house the result was the white for the office of. the final court of appeal was their last chance to hold on to freedom they appealed to the court to consider their motives and the greater good of the pro-democracy movement when handing down the decision after a brief hearing and in a stark reversal of the previous ruling the five judges unanimously granted their appeal dismissing all jail terms and allowing the three to walk free from course. for a confrontation was outraged there was cause over for their modesty over this are caused by this is. the case centers on an incident in twenty four tane which triggered almost three months of protests shutting down parts of central hong kong that were found guilty of unlawful assembly and inciting others after they stormed government headquarters their ow

has the latest on that from hong kong syrup. yes of the verdict has just been delivered in the final court of appeal and it's good news for the likes of joshua wong one thing more and alex chalo these are the three student leaders who were behind the occupy hong kong movement their appeal have all appeals have been unanimously allowed so that basically means that they're free from today from the final court of appeal which is behind me so it's good news for the pro-democracy movement on arrival on the y. and i had expected to go over there they're preparing to go back behind bars to finish the rest of their jail time but the other judges have today decided the final court of appeal that there while they did while they were involved in various acts of violence in this particular incident where they stormed the course the government full court in the lives of counsel their appeal to lessen or drop the jail terms which i considered harsh has been allowed so what next for these men and approach the whole pro-democracy movement the d

kong is a major transit hub for both the legal and illegal fish trade people in hong kong have a major appetite for fish on the average each person routes about sixty five kilograms a year according to the u.n. that's twenty times the global average unless has decimated fish stocks in hong kong waters so now my ninety percent of the city's precious imported this grandmother tells us she doesn't know where the fish she buys comes from but it's getting harder to find reasonably priced seafood where they're going six six week fair share every day but it's getting really expensive. so i have to find cheaper places like this market to top this latest report says traders expect hong kong to continue to be a global hub for library food fish for the next five years a conservationist one unless practice is changing and soon that could be too long for many species to survive the bigger pollen al-jazeera hong kong. and times take you through the headlines here and on to syria now the united states isn't ruling out the use of force to deter syrian government forces from using chemical weapons the

and hong kong tops the list. flats there can cost an astronomical 21,700 euros per square meter, which leads to harsh living conditions for the poor. reporter: their home is a cage -- seven men live in a single room in bitter poverty. they often don't have enough money for three meals a day. mr. leung shows us where he's been living for years. he gets about 500 euros in welfare every month -- nearly half of which he spends on his caged bed and electricity. mr. leung: we are expendable, like trash. we have been cast out. society has given up on us. reporter: their only ray of hope is lai shan. she visits them regularly and asks how they're doing, what they need, and brings them extra money for food. she works for an aid organization that looks after people living in miserable conditions in hong kong. lai: i think it's very sad and it's also very shameful, because in hong kong, we have huge resources -- and people there are so rich in hong kong. and the government has huge resources. so i think actually the governm

i am yvonne man in hong kong. ramy: i am ramy inocencio in new york, and you are watching "daybreak asia." breaking lines on the bloomberg about the rba. yvonne: that's right. these minutes coming through. we are not expecting a whole lot of surprise when it comes to the aussie, because we have largely heard from the likes of philip lowe last week already, but talking about the rba, household balance sheet, we are carefully monitoring them right now. it has been generally positive. risetion, they say, to only gradually as the economy strengthens, and also talking about the strong retail competition to persist in the next few years. still the risk that consumption growth could be weaker according to the rba, and rent inflation and cpi could be expected to rise gradually. we will continue to hear this theme. deflation not exactly picking up too materially. given the fact we heard philip lowe last week say if wage growth continues to be at 2%, it will be hard for inflationary pressures to continue to tick higher. mea

kong ok so joining us there from hong kong thanks very much sara our european markets have opened to heavy losses with london paris and frankfurt all dropping by more than three percent in early trading where asian markets crumbled as investors took their lead from a huge selloff on wall street the dow jones tumbled more than a thousand points on monday more than four and a half percent it was the biggest fall in percentage terms since august two thousand and eleven in response to nikkei closed down four point seven three percent earlier on tuesday while hong kong's benchmark hang sang index closed down five point one two percent are trying to course want to brown has more details from beijing. well the markets here in asia really took the lead from wall street the markets in chan zen and shanghai were both down around about two percent in morning trading hong kong did a lot worse though down by more than five percent the reason for that is that in hong kong a lot of international companies trade on that index and a lot of those companies are exposed to the united states whereas comp

host: now from hong kong, to turkey. two years ago, more than 1000 of the country's academics signed a petition criticizing president recep tayyip erdogan's policies and appealing for an end to his bloody campaign against the kurds -- a small act with major repercussions. many of them were later fired by presidential decree. the accusation -- spreading terrorist propaganda. after the attempted military coup, around 150,000 civil servants in turkey lost their jobs -- often for unexplained reasons. they've hit the streets in protest at being blackballed -- made captives in their country. reporter: ulas bayraktar has been working behind the counter for only a few months. last spring, the political science lecturer was fired. and, like so many other civil servants, he was banned from his profession, as well as forbidden to leave the country. after that, he had to ask himself, what should i do now? ulas: we just wanted to do something here in mersin, to say that we don't leave. we will find new ways to do what we had been doi

talking about more earnings in hong kong. the operator of hong kong's stock exchange is reporting full-year earnings later on. and analysts we survey, the net income probably rose 27% to about 940 million u.s. dollars. and let's look ahead to that with blerk intelligence senior analyst for brokers and exchanges, joining us here right now. given just the volume and the trading activity that we did see last year, this is going to be a pretty good result this time. what are you looking for? >> yes. and what we any as well. the market, which is so great for them. analysts now forecast growth and it could be higher and likely that they will beat consensus expectations. if we look at average daily turnover in hong kong, that was definitely very strong. it was up 32% year on year. and actually, momentum picked up throughout the year. so in the fourth quarter, turnover was actually up 67% which is very impressive. we look elsewhere, the derivatives business, that would likely be boosted by stock options as well. so that could offset

we all talk about hong kong, and the money will continue to flow into hong kong. that is for sure. the a-shares does look a little shaky at this moment. it did not go that much or go down too much. 20% correction, the nightmare time during 2008, you look at the history, every time we saw big correction, like these few days, 20% or something. it is a buying opportunity, and the blue chips, and they are looking really reasonable. david: a few people told me last week if you look at the drop of the a-shares index, a drop like that to those something is happening underneath. one of them pointed out that these wealth management products have funneled billions of dollars into blue chips and large caps, those are starting to explode, which means this foundation of a-shares one hold for too long. how important is that part of the market market structure? without't believe structure problem come up because without structure in , we talk about hong kong, trade moreng will and more like a-shares, not the u.s. market behavior, although may be sometimes once in a while they are synchronized tog

living space in hong kong is the most expensive in the world. many people are reduced to living in just two square meters. to life this is unacceptable she works to improve living conditions for the poor three thousand and sixty minutes d.w. . take it personally i went with all the wonderful people and stories that make the game so special. for all true fans. become more than football online he created movie milestones it was an instrument of propaganda and persecution. it underwent bankruptcy and restructuring. but it still turning out films today. germany's biggest and oldest film company. a cinematic history from the german empire to the present one hundred so far starting february eighteenth on g.w. . playing. last. point. never forget where you came from they could see strengths and respect. back to the roots with. as the rich.

as being hailed as a landmark vote by conservationists after trying out now hong kong is banning the sale of ivory that's one of the biggest markets in the world and has direct links to commercial scale elephant poaching in africa potentially a big step to save the great giants. a colorful crowd of anti ivory protesters had gathered outside to welcome the decision that under the new law the maximum penalty for selling ivory is ten million hong kong dollars and around one million euros on top of that the offense carries ten years in prison. the world wide fund for nature welcomed the vote but said that the fight doesn't stop with the legislation this was shows become it minbar hong kong government to all sponsor the african elephants one of these lead it makes is a step up the enforcement to make sure that there would no longer be and the eco trade into hong kong or through a phone call and what we want. to happen is that. the commercial guy in india might be traded would spread to other asian countries. the ivory market in hong kong is one of the biggest in the world despite attempts

people fish in the sea dog according to research as in hong kong who say overfishing of reefs is driving some species to extinction. kenya's high court has ordered the government to reopen several t.v. stations it shut down on choose day the country's top three t.v. networks are taken off the air and if they try to broadcast the moment can all ration ceremony held by the opposition leader rather it being a declared himself the people's president claiming the president has election win last year was rigged catherine soy has the details now from. katie in a nation millions of kenyans depend on them and their free to air platforms for formation for the news and programs as well and many of them cannot really afford the internet or cannot access the internet or afford pay t.v. so we also talked to the managing editor of the nation media group who told us that this is something that has been building up days before this. airing in. some. of the media stations while called by very senior government officials and basically given a dressing down they were instructed not to provide any live cover

conservation groups and young activists are lobbying one of hong kong's biggest restaurant chains to take shark fin soup off the menu and this is not tested is just a transition they're just forced to either rule. that a piece of fruit we can only kill them so that expands the protesters are also highlighting the cruelty and brutality involved a charge finning the fins are the most profitable part in most cases they're hacked off while the shark is still alive then it's thrown back into the sea to drown are starving its estimated one hundred million sharks us watered each year and seventy percent of those are killed solely for their friends hong kong is at the center of the shark fin business accounting for more than a horse the global trade every year most of the fins are packaged and exported to mainland china. once a rare delicacy only then ability and lead could afford it is now widely available due to improved fishing techniques and logistics china's economic boom and growing middle class have also added to the demand but there is an increasing awareness that chileans think we a

in hong kong, i am haidi lun. this is bloomberg markets asia. ♪ haidi: the yen setting after retreating from a 15 month high. we are looking at markets trading much lower at the moment as we get into the first trading day of the year of the dog. bitcoin breaking through $11,000. another critic raising doubts. the bank of england boss calls it a failure. singapore matches more problem with more money. we speak to the minister of trade and industry exclusively. taking a look at markets here in asia, it does feel like we are losing a bit of steam at the moment. that recovery from the previous session failing to pass through to europe. u.s. futures are also trading a bit lower. u.s. markets are closed of course, for the presidents' day holiday. we will take it over to sophie who is taking a look at the markets. sophie: the hong kong market is very much in focus right now, not an exuberant start to the year of the dog. below the 31,000 point level. financials are weighing the most . we are waiting for ages be see rep

kong did a lot worse though down by more than five percent the reason for that is that in hong kong a lot of international companies trade on that index and a lot of those companies are exposed to the united states whereas companies here the traders on the markets in shanghai and then tend to be domestic companies that don't trade internationally we haven't seen the falls that we saw of course in two thousand and fifteen when the markets here in china plunged by between five and seven percent on that occasion we did see panic we did see anger and we did see government intervention now chinese people have very few places to invest their money it's either property or shares and neither have been doing particularly well in recent months but overall chinese people seem to feel their economy is doing ok that's what a columnist tell you in state controlled media and there is a sense that perhaps g.d.p. is in fact a little bit higher than the government been hoping for and we'll get confirmation of what china's g.d.p. forecast will be in the year ahead when china's parliament the national

coming to you from hong kong. bond markets around the world for release of the feds january meeting minutes. looking to hike interest rates more aggressively this year. let's go to our policy editor, with a preview right now. kathleen, word in that january further.t was what was the message that they ere trying to send with that wording tweak? >> of course, with the markets it must mean they are four hikes instead of three. policy janet's final statement. the next fed chair taking over. they add and in what context? they expect with further gradual monetaryts in terms of policy, see that work further, atnomic activity will expand a moderate pace. later, it states, economic onditions will evolve in a manner that will warrant further gradual increase in the federal funds rate. that, in or so afternoon asked, why did you guys add that word further? he said to me it just means we more confidence in the economic outlook. speaking of more confidence in the outlook, i think in these looking to see tax cuts, how much are

and it will feel different in hong kong eventually that tidal gathering produce a line of rain inland from shanghai europe says rain rather than snow and the cloud builds further south on the coast. to the west as that things are rather costly we have seen rain and snow in the hindu kush in the far northwest of india northern pakistan not much around now but there might still be a bit more snow to come it's not so daft to stir the atmosphere so still not good in northern india twenty six enduring of the last thirty to one hundred but that breeze might be a chartreuse for one don't bank on it it should be the dry time the year and it looks like it still will be as carry on west to the arabian peninsula and he attempts have been surprisingly high recently as being quite human around the gulf morning fog has been around certainly in doha as full cross of twenty eight is hari is the twenty eight of riyadh above normal but it keeps going up doha's max on sunday is quite surprising thirty. for the congolese the journey took. all aboard that means unimaginable hardship i prefer to lie down b

david ingles in hong kong. heard, fell as you in hong kong after the four-year adjusted pretax profit missed estimates due to the government's last set of earnings, with john flinch replacing him. i spoke with the group finance director about the results. >> i don't think the analysts missed anything. weaker, little particularly in the ficc space, and we also took a couple provisions for significant corporate exposures in the fourth quarter. that is really the future of the fourth quarter, a couple things on the unexpected front with respect to impairment charges coming to the markets business and lower revenues in that quarter from the same business. anna: you cite a couple clients in europe with regards to it. is this going to continue to be a drag on earnings? do you have any visibility around these impairments? >> no, we have always taken a somewhat conservative stance in dealing with troublesome credit, so we've dealt with this in the fourth quarter of the year. we expect to go into 2018 with a fairly clea

kong or through hong kong and what we want. to happen is that. the commercial bank. might free trade would spread to other asian countries the ivory market in hong kong is one of the biggest in the world despite attempts to control the illegal ivory trade there is evidence hong kong's market has direct links to large scale elephant poaching in africa wild aid a nongovernmental conservation group estimates up to thirty thousand elephants are killed illegally every year though on khan's always been a failing a while that's very specific me but there you go i've read it right anyway i went as i'm on here legal irene and always in moscow he did an illegal trade that's what's been happening for years been happening like that case. but as one market closes traders in illegal ivory will search for a new marketplace and last november the trumpet ministration reversed a ban on the import of ivory to the united states. the while the biggest story takes place in here back. to back in. nine hundred fifty and since then it's become a platfo

it's the life source and we just go with the flow or poor in hong kong's billion dollar fresh seafood industry paints a dismal picture of the trade future it warns that lax regulations and overfishing bring some species close to extinction devika pollan has this report. at the aberdeen fish market mornings are busy seventy percent of the seafood consumed in hong kong passes through here. among the crates and tanks carrying fish from all over the world you can easily spot the endangered or threatened species they're in the category of my brief fish transported and kept alive until they are to be in the so much illegal trade. and the so little control and oversight by the hong kong government in this case laws of very ill equipped to control the trade as it's practiced today yvonne's adobe's the co-author of a report entitled going going gone it reveals how a lack of regulation current fishing practices and consumer demands are bringing many species to the brink of extinction we train more than undertake these pieces but they're only one species a protected the library fish food trade i

>> holiday, hong kong shuts at lunch. data coming through with jobs data out of australia, rate decision out of indonesia, a of trade reports coming up but near term, about an hour now, the governor set to weak g.d.p. report. have a look at dollar-yen, lows, 106 83. with whento contend speech. his ramy: looking ahead to asia pacific. meantime, some of the biggest fund managers in the u.s. are reporting on when they bought quarter.last bloomberg news investing reporter has been digging through reports. have hedge funds soured on the fangs here? were seeing this earlier and even more now. having cutbout co2 apple. it had been such a big supporter of the iphone x. also sold facebook. but we've seen new in the last hour reported point 72 cut facebook. we've seen google sellers, as well. maverick, appaloosa. so those are the real sour areas the tech world. you've seen twitter as a bright spot. know that green light bought in but also co2, glenview -- a of people seeing positivity in twitter. ramy: besides twitter, is there opt

rishaad: in hong kong, i'm rishaad. the communist party is to repeal presidential term limits in china. allowns it could president xi jinping to rule bought go beyond 2023. beyond 2023. why now would you start talking about indefinitely ruling or putting it out there at the start of your second term as president? reporter: i think this move has been expected for some time. this isn't that surprising, but as you said, why now? the thinking right now is that this is basically clearing the decks of anyone that might have designs on competing for power. establishing who is the boss, who is going to rule, and as a previous guest noted, there remain valid concerns throughout the chinese regulatory structure about the stability of financial and economic markets in china. we have hna. that is probably almost 5% of gdp -- that's between two companies. gdp and assets between that and another company. is there concerns about the economic well-being and social well-being of china, which belies all of this ultimately, or suggest one

people say hong kong is short on land that it actually isn't. it is just the way that the land is planned in hong kong means that at the heart of our city we are extremely dense and quite expensive. in our city there is still a lot of interesting land left. land left under the flyover is, in between buildings and perhaps on top of buildings. i thought that we might have a new kind of architecture that could really take up on this leftover la nd could really take up on this leftover land to create something affordable. hong kong, if it can be innovative and look into these alternative kinds of buildings, could actually drive more space and affordability for young people in oui’ affordability for young people in our city. the best of british film—making talent has been honoured at the baftas in london, with many of the stars using the spotlight to highlight the sexual harassment scandal which has gripped the industry in recent months. the big winner of the night was three billboards outside ebbing, missouri which won in five categories. here's

at the hong kong a share. the companies are listed in hong kong and we see the downside of 4% there. very a place of safety to be found. is the tablets as well as the downside of about 5% that we are seeing the big selloff in 1.5 years. a lot of this concerns coming around from the retail segment. we could see greater outflows. this is the head of that reserve bank of australia policy decision where they are staying on hold for 18 straight months. this was indicated by all the forecast for the asx 300 down by 3% there. asia-pacific and should be approached latest selloff by the past few days into oversold territory. let's stick to china. the market is showing signs of recovery. jet market will definitely take it back to the singapore airshow by.e haslinda is standing >> you are right. there is optimism that it will pick up after the climb down two years ago. let's get perspective. >> china has been a great market for us for a long time. the asia-pacific region in china was our second busiest market outside of

conservation a step up the pressure on restaurants selling shark fin soup in hong kong a dish that's still in high demand. a warm welcome to the program we begin with one of the biggest confrontations between israel and iran and years that's ended with the downing of an israeli f. sixteen find to jet the jet crashed after coming under fire during a mission inside syria landed in israeli territory well it all began when israel says it's cool to spot a drone flying in its airspace and then into set to hit israel says the drone originated from syria and it launched a major air raid in syrian territory in response with its warplanes targeting at least a dozen syrian and iranian bases syria responded with a barrel of aircraft fire and that's when the f. sixteen will stand well iran has rejected as ridiculous israel's claim that it intercepted one of its strongs israel says iran is playing with fire by entering its air space among khan has more now from west jerusalem. the operation is ongoing but we haven't heard of any fresh attacks from anywhere inside syria in the last hour or so but t

the british prime minister raced hong kong the xijinping. —— the british prime minister raced hong kong the xi jinping. —— the screen went to black. she was talking about the erosion of freedom is there and the erosion of freedom is there and the implementation of the so—called one country two systems model, whereby hong kong is supposed to have certain freedoms guaranteed and many people living there see it being eroded. the third and final trip for china, it has now taken her to beijing, how successful has it been? i think if we talk about trade normally we are all welcoming back oui’ normally we are all welcoming back our viewers in mainland china. i think the chinese and british governments would say it has been a successful trip. they are talking about the long—term projections of the economic relationship between his two countries post—brexit. this is partly a way of reassuring chinese companies who might want to invest in britain that it is ok to do so. britain is not shut for business post—brexit. do so. britain is not shut for business post-brexit. steven mcdonell

xinjiang is one, hong kong was another. hong kong was discussed yesterday in the meeting. we are not told who brought it up, but there was an agreement about what is known as the one country, two systems, which treats hong kong as, or is supposed to treat hong kong as different to the rest of mainland china. but the view, certainly from the chinese, and increasingly from people like theresa may, emmanuel macron, the french president, who is your a few weeks ago, is the idea of what is known as megaphone diplomacy, shouting out loud, talking out loud, about topics at the chinese feel is sensitive guy that is not how you achieve progress with china. but human rights, modern slavery, these area human rights, modern slavery, these are a hugely important issues for trees in may, and this is something she says she will not shy away from, and some she says, behind closed doors, she is certainly bringing up with the chinese. but there are critics, who say that is not the way to do it. —— issues fought to reason me. “— to do it. —— issues fought to reason me. —— iss