angie: i am angie lau and hong kong. israel's group hit a high after financing to develop the country's biggest natural gas field. it will pay for the first stage of expansion. noble energy holds almost 40% and is yet to raise its portion of financing. desley: iran talking to asian companies to raise $1 billion for expansion. the plan includes a methanol for china. iran need $60 billion to upgrade from the years of sanctions. japan agreed to provide $10 billion of projects involving japanese companies. angie: nurture dany cabinet has approved next year's budget, $12.6 billion. the projected deficit of 2.8% of gdp. grants are seen it $1.1 billion. in 2017 atxpenditure 7.5% higher than 2016. desley: china is spending billions of dollars on its space program, and it is not simply a state-led effort as tom mackenzie reports. desert,e in eight china's private space ambitions are taking flight. technicians are putting the final touches to a capsule 2 connected tor a giant helium balloon designed to climbed to near space 20 kil

angie: and i am angie lau in hong kong. egyptian pound is strengthening in the black market to near parity with the bank rates. the currency rose 15.8 to the dollar compared with the national bank prices. dealers we spoke with in cairo have reported a fraction under 18 pounds to the dollar a week ago. egypt was forced to devalue the currency to meet the conditions of a $12 billion loan. the health care is said to be destroying a potential sale they could value the business at $400 million. sources say it is working with bank of america on the transaction. we are told advisers have contacted potential bidders. no agreement has been reached. demand for private health care has risen in the middle east because of high incomes and few public facilities. land -- lande has granted by the government can be used as loans. website says such land may be mortgaged to any bank or financial institution, duly registered in dubai. they intend to help investors and owners obtain financing from the institution. manus: asian lenders are spend

angie: i'm angie lau in hong kong. panasonic has slashed its profit forecast because of falling profitability. it's expecting an operating profit of $2.3 billion, 12% lower than analysts were expecting. panasonic is struggling with a stronger yen. manus: honda raised its fully profitable the band of suvs in china. net income is nearly $4 billion, 6% above the previous outlook. over 7%. upgraded the company says it is open to possible joint ventures. angie: we are watching shares of japanese airlines. its targets by 15% because of lower international demand. jal maintains its yearly target. shares of both companies looking like this right now. >> the bank of japan says it will not hit its 2% inflation target. we already knew they blew past the two-year mark. what was significant here? the inflation forecast for 2017 and beyond that as well -- it seemed to push back the timing of when it will achieve its target. ohe full forecast for 2017 t 1.7%. it pushed back the projected timing. 2% inl increase towards the second hal

here in hong kong and i'm angie lau. after an 18 month of a bitter and divisive campaign election day has arrived in the united states. midnight polls have opened, we're just seven voters are registered. global markets are betting on a hillary clinton win with stocks and the dollar higher. bloomberg gives her a three-point lead over from. -- over trump. despite the currency flipping almost 10% from the previous year.

angie: and i'm angie lau in hong kong. south korea's president is installing a new prime minister and a new finance chief. he is trying to restore confidence in his administration, but prosecutors want to address her close friend at the center of a peddling scandal. she is the focus of all the anger, but her top lieutenants are the ones who are out. why? therter: she is replacing , with the former advisor to another president. he is taking up this symbolic role. she also tapped a new finance minister, who has been chairman of the nation's financial services commission. this comes as the ruling party called for a mutual government to restore confidence, because it seemed huge public furor over friends werehat allowed to meddle with state affairs. this is along with allegations that she was allowed to make a budget to stop decisions and also raised a business lobby that's created a business lobby to raise money for foundations she was involved with. lobby tod a business raise money for foundations she was involved with. the

i am angie lau with your top stories. the fomc says it only needs some further evidence, some further evidenced by inflation and employment are on track toward their goal. a decemberchance of hike. macau shares tumbling. 12% toenue fell about $518 million went macau's new $4.4 billion resort failed to give it a boost.

i'moon here in hong kong, angie lau. angie, welcome. we're at the minsk foundation. this is all part of the deputy crown prince's objective, communicate with the youth of saudi arabia, join me in the grand bargain that is a reformation of the future. it's about technology, education. butave a great show for you let's get to global markets -- have a look at the inflation trade. . thought this was interesting inflation protected assets are outstripping lows that are inflation affected. a paradigm shift. bonds have delivered nearly 60% we are talking about a paradigm shift in the bond market. have we gone too far, too fast? that's the debate, checking in on the middle east closures. you've got a couple scenes at play. funding rates are dropping for the 12th day, saudi stocks recovering from a bear market. and the investment, the wealth fund may be selling. a bit of a move on the emerging dubai down and abu dhabi down. those are the big themes from the middle east. angie: ok. and for what's happening across asia, let's go to david ingles. david: right. have a look at msc

angie: i am angie lau. the latest from our markets now. fresh week, same story, emerging markets getting dumped. -- rotation out of emerging markets and to develop markets in the u.s. dollar. midday in hong kong, this is how markets look, new zealand shot, .6%, so that market managing to close higher, but you look at the rest of asia, if it weren't for japan, the tide would be lower. thetake japan out of equation, msci asia-pacific without japan, a good gauge of what is happening across markets right now. if you want to be more specific, and you look at the southeast asian gauge, closer to 5% down from thursday's close. is being felt. what is standing out is that since wednesday, volumes have picked up every single day, and the picking up again right now. it does not bode well when you have volumes on the way out and currencies on the way down. have a look at the bond markets, same story, bleeding continues, yields on the way out. you -- there we go. the u.s. 10 year yield, 2.2% now. we started the day at roughly 2.15%. to austrian 10 year

. ♪ angie: welcome back, i am angie lau in hong kong. desley: and i am desley humphrey in to buy. i check of the business flash headlines. china unicom has jumped to the most in six weeks after local language website said alibaba and others will participate in the mixed ownership reform. citing unidentified sources, that three internet giants would hold differing sides today. at least two analysts raised the china unicom ratings from hold to buy on tuesday. angie: the hong kong stock 14.1% inhas raised to the past few days. evergrande have enough influence for a shareholders meeting and take a seat on the board. attemptsnd financial for china's biggest claimant platform have backfired. with picturesded of scantily clad women posing in exchange for money. in an internal memo, the executive chairwoman apologized to users. she also promised to remove inappropriate pictures of block related accounts. let's take a look at the global stage for you right now. this is the last trading day of the month. joining us now is mark matthews, head of research at the bank. -- topics did not make i

angie: i'm angie lau into by. welcome to bloomberg markets: middle east. there used to be a show in the u.s., let's make a deal, deal or no deal. what is behind door number one when it comes to opec? jc: great question. all will be revealed tomorrow but it is all about oil this the major opec and non-opec players set to meet tomorrow. i want to revisit the current state of play for the oil markets. purple and blue is where the current price of oil is at, and take a look at that white line are allalks in vienna .round lowering that output we will talk more opec in just a moment. angie: for now, let's do a quick check of the state of play in the markets right now. mumbai has been trading for almost 20 minutes, and we are seeing gains, although we are seeing a pullback when it comes to risk. we see it reflected in the hong thatand topix, thinking maybe today will not be lucky 13. in the middle east it is two hours away from the opening of the markets in emirates. qatar closedabi, lower yesterday. saudi was the only bright spot, gaining nearly .9%. checking in

i'm angie lau with an update of your top stories. on fridayhe most after doubts that opec will reach an output agreement. saudi arabia pulled out. the cartel has called another internal meeting in a bid to resolve its own differences. -- china has effectively tightened monetary conditions without any official announcement. they have cut back on their seven-day open-market operations. they are raising short-term borrowing costs and bond yields by injecting more funds to 14 and 28-day contracts as opposed to seven. president-elect donald trump has claimed the general election saw fraud. he says he won the popular vote, if millions who voted illegally for clinton are removed. inre are calls for recounts three out of ground states. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. let's take a quick check of the markets for you right now. afternoon trading getting underway in hong kong and china. we are seeing gains right now. the rmb strengthened slightly. that

i am angie lau. this is "bloomberg markets: asia." have returned almost $30 billion in high denominated votes after the byernment surprised everyone banning them to combat corruption. over the nowded illegal 500 and 1000 rupee notes. atms are being modified to handle the new bills. haidi: india's biggest aluminum producer has tripled its net income last quarter on .ost-cutting measures 65 million dollars, far exceeding estimates. set up a committee to decide on the type of offering. shares have more than doubled this year. the company's the best performer on the nifty. david: the chairman of india's biggest conglomerate has denied allegations of mismanagement. cyrus mistry issued a statement defending his record. haidi: let's get the latest developments. what did mr. mistry say? says he deployed new policies because of stringent corporate governance rules. he said the new roles limited the involvement of board members. it. is the thrust of he was responding to a nine page media release where it was claimed that mistry was trying to ha

i am angie lau in hong kong. a media briefing after china's top legislative body ruled that those who advocate independence cannot hold public office in the territory. hong kong's chief executive is speaking right now. we are standing outside with more. he has been speaking and says china's interpretation of article 104 is an important part of hong kong's constitutional and legal system. the hong kong government supports the interpretation and will implement it accordingly. he also condemned the two people young inspiration, the young activists who change their oaths. china has stepped in to interpret hong kong's basic law. to cause waves as china interfering in the affairs of hong kong. this has been going on since last week. china has stepped in to make , preempting and undermining hong kong's legal system. one of these lawmakers who did do the of was wearing a banner that said hong kong is not china. leung saying hong kong has been and will always be part of china. this difference is what sparked protests in h

here in hong kong and i'm angie lau. after an 18 month of a bitter and divisive campaign election day has arrived in the united states. midnight polls have opened, we're just seven voters are registered. global markets are betting on a hillary clinton win with stocks and the dollar higher. bloomberg gives her a three-point lead over from. -- over trump. despite the currency flipping almost 10% from the previous year. 1.4% comes living the trade circles up $49 billion. the chinese drivers rushed out to purchase small engine cars before a tax cut expires before the end of the year. car sales climbed for eight straight month come up 20%, more that 2.2 million units. local carmakers were among the biggest winners. global news 24 hours a day, powered by 2600 journalists and analysts in more than 120 countries around the world. this is bloomberg. let's take a look at the markets for you here in asia ahead of u.s.ig boat in thg vote in the asian stocks are clamoring for a second day. this is bloomberg. emily: i'm emily chang an

let's get across to the bloomberg first word with angie lau. angie: thanks, manus. destabilization of china's economy appears to be taking hold with pmi jumping to a two year high. this top even the most optimistic estimates, but this could mean the central bank holds off further measures after keeping the key rate at a record low for more than a year. and the reserve rate of australia cakept interest rates unchanged, trying to avoid further escalating property prices and household debt. was held at 1.5%. and three of the federal reserve's primary dealers think the central bank will hold off on hiking rates until 2017. rbs and rbc warn the fed will hold until 2017. there is a 21% chance of a rate increase this year. and mark carney says he will stay on as governor of the bank of england until june 2019 to help guide the u.k. through the brexit. hammondor philip welcome to the decision and the pound held gains. some lawmakers had criticized mark carney's economic warnings. and the white house has pushed back against accusations from some democrats that the fbi chief

i'm angie lau with an update on the stories. opec has launched a final push to secure the deal on output cuts. venezuela is leading the charge after meetings this weekend failed results with saudi arabia, iraq and iran remaining at odds over how to share the proposed cuts ahead of the cartels november 30 meeting. chinese premier is said to be confident of meeting major full-year targets with aggregate demand expected to rise moderately. i says come on the back of easing monetary policy, ensuring the growth target of about 6.5% will be met. paul ryan has won the unanimous another term as house speaker and says he has the backing of president-elect donald trump. texas senator ted cruz is said to be in the running for attorney general or he visited trump tower on tuesday, but declined to say whether he is under consideration. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. let's get a quick check of the markets. after in trading is getting underway in hong

i am angie lau with your top stories. the fomc says it only needs some further evidence, some further evidenced by inflation and employment are on track toward their goal. a decemberchance of hike. macau shares tumbling. 12% toenue fell about $518 million went macau's new $4.4 billion resort failed to give it a boost. struggling commodity trader noble has been given the thumbs up. its chairman describes the company's crown jewel. shareholders approve the sale of the u.s. energy unit as the company cut costs. the balance sheet set to be profitable. powered by more than 2600 journalists and analysts, in more than 120 countries, this is bloomberg. a look at the markets for you. afternoon trading just getting underway in hong kong and china. sydney just closing for the day. japan is closed as well. this is bloomberg. anchor: i am emily chang and this is bloomberg technology. n earnings bonanza. our expectation for the social network, just to hide. emily: alibaba shrugs off china's economy. how long can the world's biggest e-c

let's first word news with angie lau. angie: thank you. has namedan president a new prime minister and finance chief as he tries to restore confidence but prosecutors want to erupt her at the center of the allegations. she nominated yoon as prime minister, an advisor to the former president. financial services commission g-yong becomes finance minister. most u.k. bankers believe london will remain europe's preeminent financial center after brexit according to a survey. it says about 72% agree it will retain its role as the main hub of finance in the european union. said brexit would have a negative impact on the u.k. financial market, with 82% saying the eu would also be hurt. thursday, --r super tuesday, -- super itrsday, a report suggests has remained unchanged with carney. according to the national institute of social research, inflation will have 3% by the second quarter of next year. the u.k. growth driver will shift from consumers to trade. it will be at a quarter of a percent when carney leaves the doe in june 2019. the missing mala

anna: here is angie lau. consideringump nominating texas senator ted cruz to serve as u.s. attorney the -- attorney general. he was at trump tower in new york yesterday. when approached by reporters, he said the election was a mandate for change, but he did not say he was under consideration for a job. exchanged vicious attacks with donald trump during the campaign. the stock market in for a bumpy ride as expectations are dashed that donald trump will quickly burke wrote. he says donald trump does not have a magic wand to drastically improve the economy. surprising those who expected a selloff. donald trump has delivered a double blow to investors in japanese corporate bonds as his u.s. focused stimulus plans make earnings unpredictable. bank of america merrill lynch says the average yield on the yen has risen to the highest level since january. and will germany walk away from talks in the global capital world unless its key demands are met? insisting the country will not accept a deal at any price and has laid out demands, including .reas of action says greece deserve some

i am angie lau. this is bloomberg. anna: thank you. saudi arabia's missed global forum is one of the missions the kingdom is pursuing. one of the priorities is galvanizing saudi's youth and how it can help advance vision 2030, a blueprint for lessening the dependence on oil. speaking of oil, erik schatzker joins us now from the conference. good to see you. >> i am here with bob dudley, the ceo of bp. some people might find it curious to see bob dudley in saudi arabia. a country where oil is a sovereign resource. are there opportunities for bp to do more here? >> possibly. saudi aramco has many partners. we have a lubricant business year and we do trading here. we do some business here. the world is trading. erik: how might bp become more of a partner? >> one of the great things about these conferences are that you have a lot of meetings and they explore a lot of ideas. tomorrow, i will be going up to , we will seearan what happens. erik: what are they looking for from bp? the countries are going through their efficiencies and changing.

let's get the first word news with angie lau. opec is embarking on a last-ditch push for cots. they suggest that the organization doesn't necessarily need to curb output. they finalize the terms of the first deduction decrease in eight years. donald trump claims fraudulent voting. he tweeted that he won the popular vote if the millions who voted illegally for hillary clinton are removed. campaign hason's pushed for a recount in three battleground states. trump said that is also fraudulent and called his critics crybabies. british prime minister theresa may will host her counterpart from poland today. she prepares brexit negotiations, due to start in march of next year. may set the goal of holding one-to-one talks with all 27 eu leaders before the eu parliament meets on december 25. she will emphasize britain's former -- britain's links with poland. michael gove has accused others of stalling the brexit process with a buffer plan for business. that is after the "sunday times" reported that carney held meetings to allow british businesses to remain in the market for at least two

i am angie lau. >> i am haidi lun. lufthansa pilot stepping up paid to man's with new strikes. the four-day action ended on sunday, but pilots on short-haul flights will walk out on tuesday, and all pilots on wednesday. thousands of flights canceled, and the ceo says the airline cannot survive if it caves in to demands. electric's bill for cleaning up the fukushima plant could be more than $175 billion. estimates come from the ministry of industry, which say the cost with compensation and decommissioning continues to rise. the plant was devastated in march 2011. tremors last week did not cause any new damage. its pollution up fight by requiring dirty industries to track and limit the damage they do to the environment. ampanies will have to have so-called pollution license. with powerwill start plants and papermaking industries, but will apply across all sectors eventually. >> welcome back. joining me at our guest is richard harris. in our fashion segment that we ,all our group discussion pointing to your very lovely time here. we are not even into december yet. >> it is a time