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. >> reporter: this follows a report by a tv station in shanghai. it revealed bad hygiene at the food processing plant owned by shanghai foods. after the report, authorities closed the plant. the u.s. parent company apologized. >> what happened at shanghai was completely unacceptable and i hope you will accept my personal and most sincere apology. i am very, very sorry. >> reporter: chinese media continued to report a new food safety scandal. chain knees state-run television reported that an importer eer up two oils and a beijing newspaper accuses a barbecue shop in the city of serving rotten food. an expert says a lack of morals is behind the scandals. >> translator: in china, businesses and consumers are not on equal footing. to create an even playing field, private groups and special institutions should check production practices. >> reporter: meanwhile, some groups are trying to ensure food safety. gng don province has a live toing food industry. two years ago, chinese company employees began learning japan's safe food handling methods. kpa two
. >> reporter: this follows a report by a tv station in shanghai. it revealed bad hygiene at the food processing plant owned by shanghai foods. after the report, authorities closed the plant. the u.s. parent company apologized. >> what happened at shanghai was completely unacceptable and i hope you will accept my personal and most sincere apology. i am very, very sorry. >> reporter: chinese media continued to report a new food safety scandal. chain knees state-run television...
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9.0
Aug 30, 2014
08/14
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NHK
tv
eye 9
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food supplier osi group is the shanghai firm's parent company. representatives say they will continue to cooperate with chinese authorities. >>> members of a united nations committee are trying to tackle ethnic discrimination in japan. they're urging the government to ban hate speech against koreans. the u.n. committee on the elimination of racial discrimination took its first look at japan in four years. members say they are concerned about the spread of hate speech against korean residents on the internet and in public speeches. they are criticizing japanese authorities for not properly investigating and prosecuting people who fuel ethnic hatred. >> you need a comprehensive law on racial discrimination. that is the most important thing. >> a u.n. panel on basic human rights urged japan to ban hate speech last month. >>> peach and pear growers in fukushima are celebrating a breakthrough. they suffered restrictions on their exports after the nuclear accident in 2011. now they're shipping to indonesia for the first time ever. japanese farm officia
food supplier osi group is the shanghai firm's parent company. representatives say they will continue to cooperate with chinese authorities. >>> members of a united nations committee are trying to tackle ethnic discrimination in japan. they're urging the government to ban hate speech against koreans. the u.n. committee on the elimination of racial discrimination took its first look at japan in four years. members say they are concerned about the spread of hate speech against korean...
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50
Aug 4, 2014
08/14
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BLOOMBERG
tv
eye 50
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in shanghai. energy industrials in that space. last friday, we have been following the stock since then. money to aunits owes bank. they basically confirmed that the bank is not urging that unit. it went over do you like 29. we're talking 21 or 22 -- $22 million. the court and china has ruled that its logistics unit has actually gone bankrupt. they put out a statement to the exchange late on friday. they're down about 6/10 of 1%. this is what we have, zed. it is a little better compared to when we started out this morning. will it continue? only time will tell. to you. >> good to see the hang seng up at the open. a japanese lawmaker who is a former advisor to george soros says the country should have introduced negative interest rates like the ecb. europe's policy of charging 1/10 of 1% for holding cash in excess of minimum reserves is a significant step. he says his own country should have done the same decades ago. aoj's using policy is mistake. what japan needs is negative interest rates. they should've done it 20 years ago, bu
in shanghai. energy industrials in that space. last friday, we have been following the stock since then. money to aunits owes bank. they basically confirmed that the bank is not urging that unit. it went over do you like 29. we're talking 21 or 22 -- $22 million. the court and china has ruled that its logistics unit has actually gone bankrupt. they put out a statement to the exchange late on friday. they're down about 6/10 of 1%. this is what we have, zed. it is a little better compared to when...
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78
Aug 25, 2014
08/14
by
BLOOMBERG
tv
eye 78
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seen shanghai markets since december -- does it really have legs? market, are people looking to speculate elsewhere? how much and on where liquidity comes from. investors are getting more excited about the domestic asian market. >> i want to get back to hong kong-shanghai connect. a lot of people are worried that institutional investors are going to telegraph exactly what they are going to buy and trigger a lot of front running, which is illegal. are there any concerns you have about that? about the aspects of the practicalities of this coming through? >> what do you mean? >> getting ahead of orders? system,nk the financial right now, there are some technical problems that we cancel right now. we still need technical stuff to get solved. i do not see it as a big concern. early.have got to get up 13th itit is the launches? people will be very busy trying to get the systems ready. is that a challenge for you as well? >> we have been waiting for the capital gang arrangement. gain arrangement. hopefully we can have a big plus to the old scheme. >> thank
seen shanghai markets since december -- does it really have legs? market, are people looking to speculate elsewhere? how much and on where liquidity comes from. investors are getting more excited about the domestic asian market. >> i want to get back to hong kong-shanghai connect. a lot of people are worried that institutional investors are going to telegraph exactly what they are going to buy and trigger a lot of front running, which is illegal. are there any concerns you have about...
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139
Aug 11, 2014
08/14
by
BLOOMBERG
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eye 139
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hong kong and shanghai listed. i pulled together a mix. we have some results and sales data. 1.1 percent at agile property. these are hong kong listed shares. value downe significantly. below what analysts expected. today -- gemdale up today. 3% advance for the stock. 3%.act sales were up we are an upside there. dismalwo shares by some july contract sales numbers. interesting to see that in the chinese market. china,perty market in the imf warns that it is the biggest near-term risks to the economy. rish? more on the stimulus plans from beijing. we will be headed over there after this very short break. ♪ rate inis the fastest almost two years. let's go to beijing. tom or nick is there. tom, how does this all work? what is going on exactly? >> china has been showing some at thepositive states last month. second-quarter gdp growth rebounded. tot is really behind that? answer the question, we have constructed a monetary conditions index. we look at loan growth and real interest rate to understand impact of monetary policy on domestic demand
hong kong and shanghai listed. i pulled together a mix. we have some results and sales data. 1.1 percent at agile property. these are hong kong listed shares. value downe significantly. below what analysts expected. today -- gemdale up today. 3% advance for the stock. 3%.act sales were up we are an upside there. dismalwo shares by some july contract sales numbers. interesting to see that in the chinese market. china,perty market in the imf warns that it is the biggest near-term risks to the...
115
115
Aug 18, 2014
08/14
by
BLOOMBERG
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eye 115
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on the shanghai composite, real estate, that is. on a yearook at this on year basis, beijing has prices that are up about 4% year on year for shanghai as well. but they are down month on month. and indeed, 1% in beijing. but 64 cities, at the moment, on the way down. more details and reaction to all of this. the head of property research at credit suisse, welcome. your first take on this, your immediate read? >> i am not surprised. on the ground, research shows that it is going to continue to be down in august as well. of localprompted a lot governments to loosen their position and they have been enticing banks to add more mortgages as well. it is still uncertain where the housing market will go the next few months. trend mayhe downward thecontinue because of supportive measures. >> let's talk about some of the intrinsic things which support any housing market, supply and demand. we have oversupply. that is the risk to the downside. of course, we have the supply of money in the same equation. a lot of ability for chinese authorities
on the shanghai composite, real estate, that is. on a yearook at this on year basis, beijing has prices that are up about 4% year on year for shanghai as well. but they are down month on month. and indeed, 1% in beijing. but 64 cities, at the moment, on the way down. more details and reaction to all of this. the head of property research at credit suisse, welcome. your first take on this, your immediate read? >> i am not surprised. on the ground, research shows that it is going to...
67
67
Aug 18, 2014
08/14
by
BLOOMBERG
tv
eye 67
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shanghai is the loan market again or with stock 78-month high. atthe winter -- with stocks an eight-month high. and the winter of their discontent. japan coming back from the break. >> we picked out what was exciting, very few big movers. still earnings coming through. , its biggest -- , the company came out and denied talks are ongoing but you can see markets think otherwise. tokyo testimonial -- tokyo tatemono is raise from underperform to outperform. they doubled their price target for the stock. tokyo electron up over 4%. this is out of a report this morning that tokyo electron with the company it is merging with, applied materials, that is coming up in what they call a remedy plan, an advanced notification. singapore coming out some performance metrics. up a fraction. oh cbc announcing share sales. ocbc announcing share sales. singapore was oversold this morning. .oving averages james hardie was a big drop on friday. a few performance metrics were announced this morning but they did set aside over $400 million condensation. new crest mining
shanghai is the loan market again or with stock 78-month high. atthe winter -- with stocks an eight-month high. and the winter of their discontent. japan coming back from the break. >> we picked out what was exciting, very few big movers. still earnings coming through. , its biggest -- , the company came out and denied talks are ongoing but you can see markets think otherwise. tokyo testimonial -- tokyo tatemono is raise from underperform to outperform. they doubled their price target for...
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15
Aug 30, 2014
08/14
by
NHK
tv
eye 15
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food supplier osi group is the shanghai firm's parent company. representatives say they'll continue to cooperate with chinese authorities. >>> here is the three-day weather forecast. >>> that's all for now on "newsline." i'm keiko kitagawa in tokyo. thank you for joining us. >>> same man, new job. thailand's leader takes over as interim prime minister. moving the country closer to japan. >>> thinking small. a shrinking population makes downsizing imperative. >>> lunch is served. for door to door delivery, leave it to the bolella.
food supplier osi group is the shanghai firm's parent company. representatives say they'll continue to cooperate with chinese authorities. >>> here is the three-day weather forecast. >>> that's all for now on "newsline." i'm keiko kitagawa in tokyo. thank you for joining us. >>> same man, new job. thailand's leader takes over as interim prime minister. moving the country closer to japan. >>> thinking small. a shrinking population makes downsizing...
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Aug 2, 2014
08/14
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CSPAN2
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in the summer of 1937, japan had attacked shanghai. the war had already broken out. for hundreds of years it wasn't something that just started in 1937. there is a long history of animosity. >> cspan: what is the reason? >> guest: reason for? >> guest: animosity. i don't know if we have enough time to go into this, that there has already been the war between is the first sign i japanese war and there had already been numerous attempts by the japanese to carve up parts of china. they had already seized by the 1930s. >> cspan: what is it the japanese character that led to this kind of slaughtering blacks would you find in this process? i assume you ask people about that. >> guest: it's very complicated. another historian sai said tryio peer into the japanese mind is like trying to stare down a cold. it's very difficult often to find out the motives. i would say that if you are looking at the soldiers themselves you will find that many of them have been so brutalized before the massacre that the nanking massacre was an episode in which much of the pent-up frustration th
in the summer of 1937, japan had attacked shanghai. the war had already broken out. for hundreds of years it wasn't something that just started in 1937. there is a long history of animosity. >> cspan: what is the reason? >> guest: reason for? >> guest: animosity. i don't know if we have enough time to go into this, that there has already been the war between is the first sign i japanese war and there had already been numerous attempts by the japanese to carve up parts of...
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this follows a report by a tv stalgz in shanghai, it showed bad hygiene at the food processing plants owned by -- >> after the report, authorities closed the plant. the u.s. parent company apologized. >> what happened at shanghai was completely unacceptable and i hope you will accept my personal and most sincere apology, i'm very, very sorry. >> chinese media reported a new food safety scandal. chinese television reported that an importer labeled low quality olive oil as spanish made extra virgin olive oil and a barbecue shop in the city was accused of serving rotten food. and know expert said that a lack of morals is behind the scandals. >> translator: in china, businesses and consumers are not on a even playing field, special groups and special institutions though check production practices. >> reporter: meanwhile, some are trying to ensure food safety. this providence has a thriving food sfri and two years ago, employees began to learn that japan's safe handling methods. two companies are involved in the program. this is one of them. the company makes health food produ they use tec
this follows a report by a tv stalgz in shanghai, it showed bad hygiene at the food processing plants owned by -- >> after the report, authorities closed the plant. the u.s. parent company apologized. >> what happened at shanghai was completely unacceptable and i hope you will accept my personal and most sincere apology, i'm very, very sorry. >> chinese media reported a new food safety scandal. chinese television reported that an importer labeled low quality olive oil as...
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Sep 1, 2014
09/14
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BLOOMBERG
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the link next, testing between hong kong and shanghai. after the break, we are going to see if it is all systems go. stay right there. ♪ >> let's take a quick check of the markets around the region. a beautiful look outside imperial palace. shinzo abe hosting narendra modi. climbing .25%. over in sydney, this is what australian equities look like. the index climbing, extending gains at the start of the session. seoul, a little bit of a rocky start to the month. kospi fluctuating between gains and losses. right now, it looks entrenched in this position, at least for now. we are seeing asian stocks fall broadly on the regional benchmark. investors are waiting regional violence to ukraine. of course, we are waiting for chinese manufacturing data. futures pointing to a slightly higher open. and its shareholders are designated brokers for a program connecting the shanghai and hong kong stock exchanges. my next guest says the stock link will take off. head of china and hong kong strategy, joining us live from singapore. rank you for joining u
the link next, testing between hong kong and shanghai. after the break, we are going to see if it is all systems go. stay right there. ♪ >> let's take a quick check of the markets around the region. a beautiful look outside imperial palace. shinzo abe hosting narendra modi. climbing .25%. over in sydney, this is what australian equities look like. the index climbing, extending gains at the start of the session. seoul, a little bit of a rocky start to the month. kospi fluctuating between...
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47
Aug 25, 2014
08/14
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CNBC
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and it's more retail driven, as we know, in shanghai. 70%. basically the brokers i've talked to say the big difference here will get more institutional players into the shanghai market which could increase liquidity in the future and that could make for better volume. >> i would just caution, there are three tfs that you can use right now to get access to shares. they track the csi 300 which is the major index. they don't trade a lot of volume. >> when you say i caution, that's because this because thi of the risk that exists, ma thab the markets aren't as transparent. you see the credit situation is not getting any better now. >> i think it warrants caution. if you're building a portfolio. this is a really big market, and it's the first time. it's going to take a while for the market to mature. >> are more of an arbitrage opportunity. to and -- >> sue, thanks. >> susan lee of the. >>> coming up when hyper-colored t-shirts were the coolest -- ralph lauren's new polo is high tech. will buyers buy in? where the reward was that what if tnew car
and it's more retail driven, as we know, in shanghai. 70%. basically the brokers i've talked to say the big difference here will get more institutional players into the shanghai market which could increase liquidity in the future and that could make for better volume. >> i would just caution, there are three tfs that you can use right now to get access to shares. they track the csi 300 which is the major index. they don't trade a lot of volume. >> when you say i caution, that's...
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Aug 4, 2014
08/14
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BLOOMBERG
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and a safeties kindle has seen the arrest of six executives from shanghai. the company is a supplier to mcdonald's and burger king, among others. it is facing an official investigation into allegations meat forsed expired customers, and pulling out an ipo, raising nearly $2 billion for the wh group, and the company makes its trading debut here in hong kong. and this is originating in china. and wine is up more than four with investment from kkr, and let's head right on over to paul allen in sydney. paul, give us the details of this did. >> well, kkr will be hoping it is second time lucky in their attempt to acquire treasury wine. this is a 3.2 billion dollar deal as revealed this morning, valuing the company at $5.20 per share, and treasury wine is the world's second-largest winemaker, looking out over 80 brands all the way up to one that will cost you a tidy $700 a facing and they haven't some problems, not the least of which is $260 million in in pair men's, and we had a famous story about how they had to dump half a million cases of wine in the had, unsol
and a safeties kindle has seen the arrest of six executives from shanghai. the company is a supplier to mcdonald's and burger king, among others. it is facing an official investigation into allegations meat forsed expired customers, and pulling out an ipo, raising nearly $2 billion for the wh group, and the company makes its trading debut here in hong kong. and this is originating in china. and wine is up more than four with investment from kkr, and let's head right on over to paul allen in...
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13
Aug 29, 2014
08/14
by
NHK
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eye 13
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food supplier osi group is the shanghai firm's parent company. representatives say they'll continue to cooperate with chinese authorities. >>> north korean officials have changed their minds about sending cheerleaders to south korea. the squad was supposed to perform at the upcoming asian games, and their presence was meant to be an opportunity to improve relations on the peninsula. state-run korean central television reported the turnaround. pyongyang initially said a record 700 people would travel to incheon for the games. that included athletes, officials, and cheerleaders. the tv station said seoul raised issues about the size of the squad last month during talks. the report said pyongyang will send athletes and officials as scheduled. pyongyang is also criticizing a joint u.s./south korea joint military exercise which began last week. officials say it will threaten peace and security on the korean peninsula. officials at south korea's unification ministry told nhk the government and the games organizing committee will continue with preparati
food supplier osi group is the shanghai firm's parent company. representatives say they'll continue to cooperate with chinese authorities. >>> north korean officials have changed their minds about sending cheerleaders to south korea. the squad was supposed to perform at the upcoming asian games, and their presence was meant to be an opportunity to improve relations on the peninsula. state-run korean central television reported the turnaround. pyongyang initially said a record 700...
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Aug 1, 2014
08/14
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KCSM
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, this has a bi reach on it shanghai could e as much as 100 millimeters o precipitation. definitely something we ar going to watch through the n several days and meanwhile, have here, on wednesday that impa moving off there toward the west. by next week, this could have typhoon. this is some to watch closely looking ahe into the forecast. meanwhil mainland japan, toward crete has been hot. the threat of afternoon thunderstorms is going to be there really, you do want to stay cool and try to avoid h stroke because temperatures climbing. actually, in western portions honshu, records for july out here, nearly 37 degrees ther for you, kyoto saw 37.3. even sapporo, city known for cooler weather, it feels like the middle of summer out the definitely. still, afternoon thunderstor are going to surge across th area, combined with that humidity coming in from knoc down towards the south, temperatures, they will be h and definitely very muggy he on your friday and even over toward saturday, if you're not dealing with that precipitat meanwhile, the americas, wel thunderstorm watches
, this has a bi reach on it shanghai could e as much as 100 millimeters o precipitation. definitely something we ar going to watch through the n several days and meanwhile, have here, on wednesday that impa moving off there toward the west. by next week, this could have typhoon. this is some to watch closely looking ahe into the forecast. meanwhil mainland japan, toward crete has been hot. the threat of afternoon thunderstorms is going to be there really, you do want to stay cool and try to...
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Aug 18, 2014
08/14
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LINKTV
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the pace of decline expanded to 1.4% in shanghai. home prices in beijing turned down by 1.3%. investors have been discouraged . analysts do expect housing prices to keep falling for the rest of the year. >>> following the release of the data investors sold shares of chinese property developers but weakness was offset. the composite at 2,239 the highest close in more than eight months. here in tokyo market players had a slow start to the week. trading volume was light. the nikkei pretty much flat, 15,332. taking a look how other markets finished out the week. investors in the region were monitoring how the situation in ukraine would develop. japanese firms are trying to hire more college graduates to help expand business in the region. some are prepared to recruit graduates on the spot. eight japanese companies with operations in china and southeast asia took part in the job fair. managers are interviewing university students. major recruitment services firm organized the event. officials said more firms are looking for employees to bridge the gap with their japan-based colleag
the pace of decline expanded to 1.4% in shanghai. home prices in beijing turned down by 1.3%. investors have been discouraged . analysts do expect housing prices to keep falling for the rest of the year. >>> following the release of the data investors sold shares of chinese property developers but weakness was offset. the composite at 2,239 the highest close in more than eight months. here in tokyo market players had a slow start to the week. trading volume was light. the nikkei pretty...
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Aug 9, 2014
08/14
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KCSM
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yukata, or casual summer kimono, are catching on in shanghai. chinese and japanese students dressed in yukata for the opening gala of a department store. the group of china-based companies organized the event to promote cultural exchange. the japanese consul general in shanghai said wearing the traditional robes is a fad among young japanese, and he encouraged chinese people to try on the lightweight garments. >> translator: it's very fresh to me. they're beautiful. >> translator: i hope china and japan adopt each other's good points through such cultural events. >> the event is running for three days. some restaurants are offering discounts to people who wear yukata. >>> that's all this hour on "newsline." thank you for watching, and have a good day. >>> this week on moyers & company: the battle over women's health and reproductive rights. >> it's better to be a corporation today than to be a woman in front of the supreme court. there has to be, in this country, a public health care system that will insure that women can get access to the care
yukata, or casual summer kimono, are catching on in shanghai. chinese and japanese students dressed in yukata for the opening gala of a department store. the group of china-based companies organized the event to promote cultural exchange. the japanese consul general in shanghai said wearing the traditional robes is a fad among young japanese, and he encouraged chinese people to try on the lightweight garments. >> translator: it's very fresh to me. they're beautiful. >> translator: i...
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43
Aug 21, 2014
08/14
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LINKTV
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the company plans to set up operations in the shanghai free-trade zone. though it's not yet finalized, the deal would allow them to import roddick's into china which would otherwise be difficult for consumers to find. amazon will open a logistics center in the zone. amazonmine retail giant is wrapping -- ramping up its presence in china, hoping to take advantage of less stringent trade regulations to sell a wide range of products in the country. chargesll have lower and faster delivery coming into the free trade. there will be many benefits. >> e-commerce in china has been dominated by domestic player aly baba. amazon's expansion comes as international retailers are trying to bring in international consumers. china enjoyones in more relaxed import/export regulations than the rest of the country. shanghai is one of china's boldest reforms in decades and is expected to receive a boost with amazon's arrival. amazon's expansion into the area will promote innovation in the free-trade zone operations. chinazon's presence in has not been without problems. in mar
the company plans to set up operations in the shanghai free-trade zone. though it's not yet finalized, the deal would allow them to import roddick's into china which would otherwise be difficult for consumers to find. amazon will open a logistics center in the zone. amazonmine retail giant is wrapping -- ramping up its presence in china, hoping to take advantage of less stringent trade regulations to sell a wide range of products in the country. chargesll have lower and faster delivery coming...
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39
Aug 1, 2014
08/14
by
WHYY
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eye 39
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let's look at the temperatures, 30 in shanghai, 33 seoul and tokyo 31. the big top pick is the thunderstorms over there towards the peninsula and back towards the west and the peninsula we could be seeing hail and damaging winds. but i also want to mention the heat because this is just as important. heat stroke definitely very serious situation in moscow temperatures rising up to the mid 30s. video while tourists and local residents alike dealing with this as day him highs rose. seemed to not mind the heat and enjoy the summer sun. city dwellering spending time here in the fountains and shadows of buildings, some using umbrels and eating ice cream. stay hydrated and cool and stay out of the heat there. the forecast, still looks rather, well, oppressive at the very least. the average on friday, but look by sunday, 10 degrees above your average as we look ahead by the end of the weekend. wrapping things up. i want to talk about india. we're seeing rainfall that's typical but too much in a short period of time results in flooding. that's been the case in we
let's look at the temperatures, 30 in shanghai, 33 seoul and tokyo 31. the big top pick is the thunderstorms over there towards the peninsula and back towards the west and the peninsula we could be seeing hail and damaging winds. but i also want to mention the heat because this is just as important. heat stroke definitely very serious situation in moscow temperatures rising up to the mid 30s. video while tourists and local residents alike dealing with this as day him highs rose. seemed to not...
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Aug 1, 2014
08/14
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LINKTV
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eye 37
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in china, the shanghai composite seeing declines of .75%, 2,185. investors taking a breather after the index's recent strong rise, some encouraged by manufacturing data, the official index for the country's factory activity did see an improvement in july. in fact it marked a 27-month high. back in japan, new car sales fell in july for the first time in two months. officials say the decline was a reaction to the brisk sales before the consumption tax went up in april. auto industry officials said more than 460,000 new vehicles were sold last month, slipping 2.5% year on year. sales of passenger cars, including mini vehicles, edged up 0.6%, due to the introduction of new models. mini vehicles showed a 7.1% decline, the first fall in 13 months. officials note that the market hasn't fully recovered from the impact of the sales tax hike. but they expect demand to start picking up in september when car makers plan to roll out some new models. well the people over at japanese mobile phone firm softbank have spent months working on a deal to buy t-mobile.
in china, the shanghai composite seeing declines of .75%, 2,185. investors taking a breather after the index's recent strong rise, some encouraged by manufacturing data, the official index for the country's factory activity did see an improvement in july. in fact it marked a 27-month high. back in japan, new car sales fell in july for the first time in two months. officials say the decline was a reaction to the brisk sales before the consumption tax went up in april. auto industry officials...
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57
Aug 27, 2014
08/14
by
WHYY
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eye 57
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in china, shanghai's key index is trading a touch lower. in hong kong we are seeing the hang seng in negative territory as well but also by just a touch. >>> u.s. hamburger chain burger king is set to become the world's third largest restaurant group. company executives announced a merger with coffee and donut chain, tim hortons. only two will be bigger, mcdonald's and yum brands. the new company is expected to have annual sales of about $23 billion. both burger king and tim hortons are planning to keep their brand names. they expect the merger to give them an advantage in procuring food supplies. analysts say the merger was motivated by tax concerns. the new country will be based in canada where corporate tax rates are lower than in the u.s. >>> india's antitrust regulator has fined 14 automakers for distorting fair competition by withholding supplies of spare parts. the car makers have been told to pay a total of $420 million. the competition commission of india slapped the highest fine of $220 million on tata motors. maruti suzuki was fi
in china, shanghai's key index is trading a touch lower. in hong kong we are seeing the hang seng in negative territory as well but also by just a touch. >>> u.s. hamburger chain burger king is set to become the world's third largest restaurant group. company executives announced a merger with coffee and donut chain, tim hortons. only two will be bigger, mcdonald's and yum brands. the new company is expected to have annual sales of about $23 billion. both burger king and tim hortons...
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66
Aug 20, 2014
08/14
by
WHYY
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eye 66
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and negative in shanghai and hong kong as well. >>> citigroup executives are concluding that their retail banking unit is not making enough profit. they're drastically reviewing their strategy and are considering selling the business. citi bank japan offers retail banking at more than 30 branches. its total deposits as of june stood at about $37 billion. sources say company executives have begun sounding out other domestic banks about acquiring citi bank's banks and other facilities. prolonged low interest rates in japan have made it difficult for them to boost earnings. citibank japan plans to continue with its corporate banking business. >>> some welcome news for travellers flying out of japan. officials at japan airlines and all nippon air ways have decided to cut fuel surcharges for international flights for tickets issued in october and november. it's the first cut in 14 months. the surcharges are added to international air fares based on the price of fuel and are reviewed every two months. j.a.l. and ana officials say they decided to lower the fees because fuel prices have been drop
and negative in shanghai and hong kong as well. >>> citigroup executives are concluding that their retail banking unit is not making enough profit. they're drastically reviewing their strategy and are considering selling the business. citi bank japan offers retail banking at more than 30 branches. its total deposits as of june stood at about $37 billion. sources say company executives have begun sounding out other domestic banks about acquiring citi bank's banks and other facilities....
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Aug 22, 2014
08/14
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WHYY
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the pace of decline was more than 1% in shanghai, guangzhou and beijing. people who watch china fear a worsening property market will drag down the broader economy. we are joined live now by kevin lai for some of his insights. he's deputy head of regional economics at daiwa capital markets. what is going on in the property market? >> well, i think there's little doubt to us that china's real estate market is now suffering and housing transactions have plunged and it has spread to other tier one cities. sales plunge are hitting cash flows and funding sources of developers and it is also a real blow to future reinvestment. there's also evidence that many foreign investors have been selling their portfolios. so i think this bubble is at least deflating if not bursting. and more importantly, i think, local governments rely on land sales to pay their debts. so these debts represent another very weak link of the country's credit problems. and i think next quarter and next year will be the peak of these debts repayments. so if the real estate market continues to
the pace of decline was more than 1% in shanghai, guangzhou and beijing. people who watch china fear a worsening property market will drag down the broader economy. we are joined live now by kevin lai for some of his insights. he's deputy head of regional economics at daiwa capital markets. what is going on in the property market? >> well, i think there's little doubt to us that china's real estate market is now suffering and housing transactions have plunged and it has spread to other...
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Aug 20, 2014
08/14
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LINKTV
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we are going to see some drier conditions in shanghai and taipei. still seeing heavy rainfall in manila. temperatures topping off at 34 on thursday. let's take a look at forecast now for europe. we do have this massive low pressure system. no real forcing mechanism to move this out of the way and so it will continue to bring a lot of wet weather. we do have a cold front also associated with this, so because of that, some thunderstorms possible for northern italy, also into the balkan peninsula. we may be dealing with some severe weather from here from time to time. in fact, four water spouts were reported on tuesday in italy. in the meantime wet weather for the northern portions of the continent and colder weather, talking about teens in europe, as we go into wednesday. look at the temperatures for the high. 18 for london, 19 in paris a little wet over there, 18 in berlin and stockholm. a little warmer towards the east, toward the southern balkan peninsula 34 degrees under sunny conditions. let's wrap things up with a look at north america. a low pr
we are going to see some drier conditions in shanghai and taipei. still seeing heavy rainfall in manila. temperatures topping off at 34 on thursday. let's take a look at forecast now for europe. we do have this massive low pressure system. no real forcing mechanism to move this out of the way and so it will continue to bring a lot of wet weather. we do have a cold front also associated with this, so because of that, some thunderstorms possible for northern italy, also into the balkan peninsula....
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Aug 5, 2014
08/14
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LINKTV
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the shanghai composite fell 0.1%. analysts say early declines on many asian markets hurt investor sentiment here in tokyo toward the end of the afternoon session. the nikkei shed 1%, sinking to its lowest level in a week and a half. indonesian stocks were hit by weaker than expected gdp numbers. jakar jakarta's benchmark index ended down 0.2%. the country's april to june growth rate was the slowest since the financial crisis in 2008. >>> government officials in japan are wrestling with an issue that's common to countries with big populations. they want to increase the output of their farms so consumers will rely less on imported food. but their efforts to boost the self-sufficiency rate are failing to take hold. agricultural ministry officials measure the rate by looking at how many calories people consume. they say for the past four years, japanese have taken just 39% from local produce. the officials are aiming to increase that by fiscal 2020 to 50%. they say production of rice has been rising. again, they credit an
the shanghai composite fell 0.1%. analysts say early declines on many asian markets hurt investor sentiment here in tokyo toward the end of the afternoon session. the nikkei shed 1%, sinking to its lowest level in a week and a half. indonesian stocks were hit by weaker than expected gdp numbers. jakar jakarta's benchmark index ended down 0.2%. the country's april to june growth rate was the slowest since the financial crisis in 2008. >>> government officials in japan are wrestling with...
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9.0
Aug 10, 2014
08/14
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NHK
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most of the passengers were tourists from eastern areas including shanghai. >>> media reports from iran say 38 people died in a plane crash on sunday near the capital's airport. the iranian plane carrying 48 passengers and crew members was heading for tabas in eastern iran. it went down near tehran's mehrabad airport soon after taking off. state-run media said 38 people were confirmed dead and 10 others were taken to hospital. the plane was a domestic version of a twin engine turbo prop. iranian media quotes airport officials as saying the pilot reported an engine malfunction just before takeoff. >> u.s. secretary of state john kerry has told russian foreign minister sergei lavrov the united states opposes intervention in ukraine under the excuse of humanitarian aid. russia is planning to send what it calls a humanitarian mission to eastern ukraine. in the phone conversation on saturday, kerry told lavrov that aid should be provided in coordination with international organizations. he said it should be granted with the consent of the ukrainian government. kerry added that russia should
most of the passengers were tourists from eastern areas including shanghai. >>> media reports from iran say 38 people died in a plane crash on sunday near the capital's airport. the iranian plane carrying 48 passengers and crew members was heading for tabas in eastern iran. it went down near tehran's mehrabad airport soon after taking off. state-run media said 38 people were confirmed dead and 10 others were taken to hospital. the plane was a domestic version of a twin engine turbo...
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90
Aug 4, 2014
08/14
by
BLOOMBERG
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as we think of hong kong and chank shanghai linking up, there are a lot of stocks that come to bear in both sides. this chart goes through the two main indices that the opposite investors will be able to participate in. have a ng kong, you nice heavy dose of energy and financials. you also have consumer sfoks stocks. these are interesting areas. luxury goods, gaming. some of the big china telecom stocks that china can actually own right now are in here. the other way around from a chang shanghai perspective, these are stocks that hong kong and global investors will take a look at. again, heavy dose of energy and financials, but then you have this industrial base where over $120 stocks are there that eally get into small mid cap midcap manufacturing in china. there's a lot to look at here as these two stocks start to link. >> what happens so far as the premium between them. vest in can hong kong in china? it is over 70 stocks of shares that trade in both markets right now. the hong kong -- the premium has declined noteably because of banks and energy stocks rallying here and hong kong.
as we think of hong kong and chank shanghai linking up, there are a lot of stocks that come to bear in both sides. this chart goes through the two main indices that the opposite investors will be able to participate in. have a ng kong, you nice heavy dose of energy and financials. you also have consumer sfoks stocks. these are interesting areas. luxury goods, gaming. some of the big china telecom stocks that china can actually own right now are in here. the other way around from a chang...
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70
Aug 11, 2014
08/14
by
BLOOMBERG
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up .3%re and malaysia, the shanghai composite leading gains. the naked 225 in the lunch break now but it is our best performer in the region today. on currencies, we see the yen weaker, giving a lift to japanese exporters. emerging market currencies, like the malaysian ringgit, is higher. we see the rupiah higher. and the korean won higher. airlines enjoying its return to trade this morning. a big jump after shares had the jump on friday. us.inda amen is now with all of this as we prepared to see this company go private again. >> you bet. another lifeline for malaysia airlines after aliens spent already over the past six years. shares this morning up about 8%. a gained as much as 10% earlier. it will be hard to say what it will take to revive a carrier with two disasters happening in four months. new changes-- piece will not work. it requires an overhaul. look at the gains today, up. but malaysia airlines is still down year to date. paymajor shareholder will shareholders the 13% premium for the buyback. if you are a holder of malaysia airlines
up .3%re and malaysia, the shanghai composite leading gains. the naked 225 in the lunch break now but it is our best performer in the region today. on currencies, we see the yen weaker, giving a lift to japanese exporters. emerging market currencies, like the malaysian ringgit, is higher. we see the rupiah higher. and the korean won higher. airlines enjoying its return to trade this morning. a big jump after shares had the jump on friday. us.inda amen is now with all of this as we prepared to...
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Aug 21, 2014
08/14
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FBC
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david: like the shanghai dragons. shanghai dragons my team. marti, good to see you, man. >> all right, guys. liz: after years of turbulence, the u.s. airline industry really does seem to be finally rebounding with several major airlines reporting record profits this year, so will the pattern continue? coming up rich edson will give us latest numbers and industry trend. david: one do matthew mcconaughey and animated hamsters have in common? they're both the faces of two separate upcoming auto ad campaigns. i think you know about the hamsters, right? we'll give you all the details when we go "off the desk." ♪ so ally bank really has no hidden fees on savings accounts? that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates. there was like an i haderuption on my skingles. and burning. i'd lift my arm and the pain back here was excruciating. when i went to the doctor his first question was "did you have chickenpox?" i thought it was something th
david: like the shanghai dragons. shanghai dragons my team. marti, good to see you, man. >> all right, guys. liz: after years of turbulence, the u.s. airline industry really does seem to be finally rebounding with several major airlines reporting record profits this year, so will the pattern continue? coming up rich edson will give us latest numbers and industry trend. david: one do matthew mcconaughey and animated hamsters have in common? they're both the faces of two separate upcoming...
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Aug 7, 2014
08/14
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KCSM
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ken wong is a hong kong resident whose business is based in shanghai. he's been manufacturing and selling gold jewelry there for the past ten years. he has little interest in politics and says he cannot relate to either the pro-beijing supporters or pro-democracy advocates. it's ten days before the anniversary of hong kong's return to china rule. associate professor benny was at the university of hong kong. he's laumpnched a polling site r a civil referendum. he's calling on citizens to consider other ongs for choosing who they feel should be the chief executive of hong kong. currently only those approved by the mainland government can run for office. there's been several new election methods. their suggestions all have one thing in common. they focus on the desires of hong kong residents rather than the chinese in other words, each proposal is calling for a democratic election process. benny wants to see how many people who support democratization and approves proposals. he believes more people voting will increase the pressure on . a week after pollin
ken wong is a hong kong resident whose business is based in shanghai. he's been manufacturing and selling gold jewelry there for the past ten years. he has little interest in politics and says he cannot relate to either the pro-beijing supporters or pro-democracy advocates. it's ten days before the anniversary of hong kong's return to china rule. associate professor benny was at the university of hong kong. he's laumpnched a polling site r a civil referendum. he's calling on citizens to...
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liz: you landed shanghai disney? >> that is right. liz: they were in a bidding war they got it all of audio for it, does that add to their bottom line? >> a huge deal, just imagine that. i love that, i read in report, they are looking more toer merging markets with 4 new truck lines in brazil, china and hungary. i think -- >> for people, they do audio for things like madison square garden, carnegie hall, they are growing their business in car audio systems from porsche po to bentley and bmw . >> i like this they are not just a audio company but a life style company. you will see them in your home, i do a have systems in home --av systems in home, a wealthy are getting wealthier they ar put te system in home. >> they are there already. >> but you talk about emerging markets. >> they are spending more money, they spend about 2.5% of sales, this year, they are investoring to future, anticipateing more growth, i look they are spending money for growth. liz: they did headphones, i asked about beats competition, now apple bought beats by dr
liz: you landed shanghai disney? >> that is right. liz: they were in a bidding war they got it all of audio for it, does that add to their bottom line? >> a huge deal, just imagine that. i love that, i read in report, they are looking more toer merging markets with 4 new truck lines in brazil, china and hungary. i think -- >> for people, they do audio for things like madison square garden, carnegie hall, they are growing their business in car audio systems from porsche po to...
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day belong to the new york shanghai and the rest because i meet casey believe it briefly ulti a. little . cross talk rules and if it doesn't you can jump in anytime you want. to stop worrying and learn to love the frak because mr president we must neither a mindset nor a fracking well. in justifying their stance they're citing all sorts of what they see as international precedents in cost of the outcome a referendum once called london but the response that they're hearing from the west is that what you're saying is illegitimate but what we've been doing is still full of life the measure if you use.
day belong to the new york shanghai and the rest because i meet casey believe it briefly ulti a. little . cross talk rules and if it doesn't you can jump in anytime you want. to stop worrying and learn to love the frak because mr president we must neither a mindset nor a fracking well. in justifying their stance they're citing all sorts of what they see as international precedents in cost of the outcome a referendum once called london but the response that they're hearing from the west is that...
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Aug 29, 2014
08/14
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KSTS
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que esta erupcin presenta, ha provocado cambios en los vuelos entre sidney y tokio asi como sidney y shanghai... ===weather open=== lucrecia amigos tengan todos muy buenos dias y sean cordialmente bienvenidos a noticiero telemundo 48 primera edicion. enseguida les comparto la informacion meteorologica del dia de hoy. como usted ve en su pantalla aqui tenemos las siguientes condiciones climatologicas: durante la manana tenemos: bajas temperaturas y nubosidad. para la tarde subira el termometro, permanecen las nubes. y para la noche esperamos temperaturas en los rangos de: 50's =============== como usted sabe en nuestra area geografica tenemos por lo menos cinco microclimas. hoy las temperaturas maximas en: la bahia norte tenemos: 83 la bahia sur tenemos: 85 la bahia este tenemos : 74 la costa tenemos: 70 los valles tenemos: 89 ================ ahora hablemos de lo que podemos esperar en cuanto a las temperaturas minimas. la bahia norte tenemos: 59 la bahia sur tenemos: 62 la bahia este tenemos : 60 la costa tenemos: 58 los valles tenemos: 63 ================= ponga atencion porque a continuaci
que esta erupcin presenta, ha provocado cambios en los vuelos entre sidney y tokio asi como sidney y shanghai... ===weather open=== lucrecia amigos tengan todos muy buenos dias y sean cordialmente bienvenidos a noticiero telemundo 48 primera edicion. enseguida les comparto la informacion meteorologica del dia de hoy. como usted ve en su pantalla aqui tenemos las siguientes condiciones climatologicas: durante la manana tenemos: bajas temperaturas y nubosidad. para la tarde subira el termometro,...
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if you leave with the economic ups and downs in the find out all day long the deal shanghai and the rest it's going to take it will be every week on a. clean more zero casualties war this is the great fantasy of war mongering politicians. capturing people is this what do you do if the innocent killing them easy we were serve the right to kill any person anywhere any time. to listen to become a drug smuggler makes these things serve her. politicians. a new kind of power. which sadly is very tempting. plaintiff love and question. well i think there's two reasons one you know the shave it's a cause. in the olden days you had. the reins of the beers . from in england you called them come for a price. well if. so then the super bowl be sure to get. called on extra time. i think. if you cut your hair means you get no way to. know if he. goes. very. well you know yeah. it's a good start. seven there. but if you. want to go to school. that's for soft so some of the mistakes you. stick in was a push just to let you know it's not just. because if you do it's. going to be up at night because they s
if you leave with the economic ups and downs in the find out all day long the deal shanghai and the rest it's going to take it will be every week on a. clean more zero casualties war this is the great fantasy of war mongering politicians. capturing people is this what do you do if the innocent killing them easy we were serve the right to kill any person anywhere any time. to listen to become a drug smuggler makes these things serve her. politicians. a new kind of power. which sadly is very...
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20
Aug 14, 2014
08/14
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KCSM
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eye 20
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this sh go -- this is going to move north but not much farther than the shanghai area. hong kong with a high of 31, thunderstorms on thursday. showers passing by on thursday into tokyo. temperatures climb up to 31 there. let's wrap things up here into europe. more on this later on. i want to talk about it. we have a low pressure area moving across centraeurope. switzerland, we saw a train derailment. many people were injured. it was caused by a mudslide following over 100 millimeters of rain. the severe weather threat is still here. it's continuing to linger across italy, into the alps, the west into spain and france. cooler temperatures but fire up the severe weather. here is the extended outlook. steves: the dramatic rock of cashel is one of ireland's most evocative sites. this was the seat of ancient irish kings for seven centuries. st. patrick baptized king aengus here in about 450 a.d. in around 1100, an irish king gave cashel to the church, and it grew to become the ecclesiastical capital of all ireland. 800 years ago, this monastic community was just a chapel and
this sh go -- this is going to move north but not much farther than the shanghai area. hong kong with a high of 31, thunderstorms on thursday. showers passing by on thursday into tokyo. temperatures climb up to 31 there. let's wrap things up here into europe. more on this later on. i want to talk about it. we have a low pressure area moving across centraeurope. switzerland, we saw a train derailment. many people were injured. it was caused by a mudslide following over 100 millimeters of rain....
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Aug 25, 2014
08/14
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LINKTV
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the shanghai composite declined half a percent. 2,229. last week it inched closer to the 2,250 mark, a level not seen since last december. investors were becoming a bit nervous about the market overheating. >>> japan, china and south korea briefly set aside strained ties in the interest of trade making it easier to move goods between the countries. the ministers signed a joint statement calling for stronger cooperation to make logestics operations smoother and cleaner. that follows the deadly sinking of a south korean ferry in april. the joint statement encourages cooperation to cut emissions. >>> thanks to the weaker yen and growing popularity of japanese food abroad, officials at the agriculture and fisheries ministry say the exports came to $2.7 billion. that's up more than 10% in yen terms from the same period last year and the highest value since comparable data became available in 2006. beef exports were up more than 27% and fruits and vegetables by just under 24%. shipments of soft drings and snacks. if the trend continues food exp
the shanghai composite declined half a percent. 2,229. last week it inched closer to the 2,250 mark, a level not seen since last december. investors were becoming a bit nervous about the market overheating. >>> japan, china and south korea briefly set aside strained ties in the interest of trade making it easier to move goods between the countries. the ministers signed a joint statement calling for stronger cooperation to make logestics operations smoother and cleaner. that follows the...
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90
Aug 15, 2014
08/14
by
KTVU
tv
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. >> to shanghai. everybody stopped at the red light, traffic here, the guy steps in front of the car, pulls out the camera, and then starts aiming it at the folks inside. there's some sort of altercation between the drivers with the dash cam and this guy because it looks like he's just trying to document who they are, but then the light turns green, jumped into the cab, thank you very much for the images, and i'm gone. >> maybe he really liked the car. like, i'm going to get one of these one day when i can afford a car and not take a taxi anymore. >> right. >>> when a soccer goalkeeper meets a heavy weight boxer, you get this video. you might remember him, funny guy, goalkeeper, makes a lot of videos. >> i invited this heavy weight boxer. >> he's huge. look at him punch. >> he's a little bit bigger. looks like a tree falling every time he swings his arm. >> wait until you hear this monster's voice, talking about punching the ball. >> throw this up -- >> no way. >> watch this. punch the ball, whatever.
. >> to shanghai. everybody stopped at the red light, traffic here, the guy steps in front of the car, pulls out the camera, and then starts aiming it at the folks inside. there's some sort of altercation between the drivers with the dash cam and this guy because it looks like he's just trying to document who they are, but then the light turns green, jumped into the cab, thank you very much for the images, and i'm gone. >> maybe he really liked the car. like, i'm going to get one of...
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Aug 11, 2014
08/14
by
LINKTV
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eye 44
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shanghai gained to 2,224. >>> here is more of the latest market figures. >>> the operator of the damaged fukushima fukushima daiichi power plant wants to apply for a permit to build facilities for a plan. the firm is building an iron barrier as part of the system. engineers of the company say they want to pump up water from the ground and wells near reactor buildings so they plan to decontam nate it. fishermen say it could spark harmful rumors about the safety of the marine resources. >>> the top diplomats from the u.s. and china have argued over territorial issues in the south china sea. u.s. secretary of state john kerry and chinese foreign minister wang yi were taking part in discussions at the asean regional forum in myanmar. the chinese are caught up in a number of disputes over territory. some delegates quoted kerry as saying unilateral action is destabilizing the region. he supported a proposal from delegates from the philippines to introduce a moratorium on activities that could escalate tensions. foreign minister wan said the involvement of some countries from outside the region
shanghai gained to 2,224. >>> here is more of the latest market figures. >>> the operator of the damaged fukushima fukushima daiichi power plant wants to apply for a permit to build facilities for a plan. the firm is building an iron barrier as part of the system. engineers of the company say they want to pump up water from the ground and wells near reactor buildings so they plan to decontam nate it. fishermen say it could spark harmful rumors about the safety of the marine...
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Aug 5, 2014
08/14
by
BLOOMBERG
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loveod quality is able clam chowder in shanghai, which is a fiction. where i go in china is a total fiction. you're the expert beyond that. what is the quality of food this revision and hygiene and safety beyond the six cozy cities that we go to? >> the food safety challenge in china is an endemic one. they have 500,000 food processing plants in china compared to 30,000 in the u.s. they have one inspector for every 420 farms. they simply do not have the quality management in place that the u.s. or other advanced, industrialized countries are used to. it is a huge concern for the chinese consumers themselves. there was a recent magazine pll oll that that said 40% of chinese people ranked food security as their number one of security issues, so it is not inconsequential to them. they know the problem. >> if i have the numbers correct, and correct me if i don't, china has 15% of the world's population, but less than 5% of the world's arable land? >> pretty close. >> is that right? >> certainly going abroad in search of resources, soybeans, lands to grow p
loveod quality is able clam chowder in shanghai, which is a fiction. where i go in china is a total fiction. you're the expert beyond that. what is the quality of food this revision and hygiene and safety beyond the six cozy cities that we go to? >> the food safety challenge in china is an endemic one. they have 500,000 food processing plants in china compared to 30,000 in the u.s. they have one inspector for every 420 farms. they simply do not have the quality management in place that...
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Aug 18, 2014
08/14
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BLOOMBERG
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likeier-one cities, beijing, shanghai -- the impact is about 94. we will see what happens in an hour and a half. i will grade them as they come across the bloomberg terminal. that's dawson, 9:30, when it all happens. thanks, john. oh cbc is headed for a tumble -- ocbc is headed for a tumble. offering forghts existing investors with money going to fund the purchase of a hong kong bank. in talks tod to be buy the remaining stake of -- a possible $10 billion deal that could give roche full control of chugai pharma, as part of roche's plan to seek targeted acquisitions. chugai has denied that any discussions were even underway. hong kong has cut its growth forecast for the year after an unexpected contraction last quarter, mainly due to the slowdown in china, which accounts for millions of visitors to the city each year. hong kong retail sales dropped for five straight months. investment is also down. it is the ipo the financial world is waiting for, but there may be a hurdle, maybe a few to 'sercome before alibaba mega listing. we are all waiting very
likeier-one cities, beijing, shanghai -- the impact is about 94. we will see what happens in an hour and a half. i will grade them as they come across the bloomberg terminal. that's dawson, 9:30, when it all happens. thanks, john. oh cbc is headed for a tumble -- ocbc is headed for a tumble. offering forghts existing investors with money going to fund the purchase of a hong kong bank. in talks tod to be buy the remaining stake of -- a possible $10 billion deal that could give roche full control...
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Aug 13, 2014
08/14
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CNBC
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the nikkei and the shanghai markets closing higher. among today's areas of focus for the future markets, we have been talking about continuing geopolitical concerns.
the nikkei and the shanghai markets closing higher. among today's areas of focus for the future markets, we have been talking about continuing geopolitical concerns.
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Aug 29, 2014
08/14
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LINKTV
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. >>> the shanghai composite did see gains of just about a percent. investors brought back bell weather banking shares. >>> officials at south korea's central bank released new data for their current account. those figures provide the broadest measure of trade and investment for their economy. the officials say the balance was $7.9 billion and has been in surplus for 29 months. officials point to strong experts of cell phones and cars. economists study the numbers to gauge south korea's financial relationship with the rest of the world. we ask about the pros and cons of such a prolonged surplus. he is a professor at the catholic university in seoul. >> the pros is that korea is experiencing currently an economic slow down and the surplus helps mitigate some of the slow down effect. second, the surplus allows us to build up foreign exchange reserves which helps us avoid financial crisis. having a surplus gives korea a certain type of confidence in korean economy. now, the konz of it is that first because we have a surplus for a long time trading partne
. >>> the shanghai composite did see gains of just about a percent. investors brought back bell weather banking shares. >>> officials at south korea's central bank released new data for their current account. those figures provide the broadest measure of trade and investment for their economy. the officials say the balance was $7.9 billion and has been in surplus for 29 months. officials point to strong experts of cell phones and cars. economists study the numbers to gauge...
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liz: you landed shanghai disney. >> that's right. and we're very excited about it. this will be a great showcase of american ingenuity, and harmon will be right there on the stage. liz: okay, how did you do it? i'm sure there were other companies bidding. >> all this is very competitive, and in the end since the longevity of these systems are very long time, so they always look at the company which has a deeper plan in innovation and hospitality, and they can do it on the ground locally. america, china, russia, we have to be locally very strong. liz: you just said russia. they've got a whole kind of ban on sanctions right now. is that going to hurt your business at all? >> it will. it certainly will, but fortunately, russia was not so big in terms of revenue in the country. but it's a potential market, it's very unfortunate what's happening, but we're very strongly in china. we grew 44% last quarter. liz: yeah, might be better to be stronger in china than russia. [laughter] you mentioned bentley and maserati, you're also in mercedes benz, vw, bmw, hyundai. i remembe
liz: you landed shanghai disney. >> that's right. and we're very excited about it. this will be a great showcase of american ingenuity, and harmon will be right there on the stage. liz: okay, how did you do it? i'm sure there were other companies bidding. >> all this is very competitive, and in the end since the longevity of these systems are very long time, so they always look at the company which has a deeper plan in innovation and hospitality, and they can do it on the ground...
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i'll keep track at both the shanghai composite >> i'll have a full wrap up of the morning suggestion in a couple of hours. >> sounds good, ramin, we'll talk to you then. >>> managers at manufacturers worldwide are starting to hold back from investing in china due in large part to rising payroll costs. china's rising ministry officials say business stood at about $71 billion during the first 7 months of this year. that's down three tenths of a percent from the same period in 2013. investment from japan plunged more than 45%. diplomatic tensions are continuing to take a toll. falling more than 17% each that's a faster pace of decline than before. chinese government officials say the rising incomes of chinese consumers will likely boost investment in the service sector. but analyst are cautious whether things will turn out the way they've expected. >>> japanese tax has long been a point of contention. it's levied only on contact by domestic businesses. the government plans to impose it on foreign firms, too. >>> in june, the tax commission filed a tax report plan. it was an obligatory f
i'll keep track at both the shanghai composite >> i'll have a full wrap up of the morning suggestion in a couple of hours. >> sounds good, ramin, we'll talk to you then. >>> managers at manufacturers worldwide are starting to hold back from investing in china due in large part to rising payroll costs. china's rising ministry officials say business stood at about $71 billion during the first 7 months of this year. that's down three tenths of a percent from the same period in...