First, all the Business News with rico hizon in singapore and Asia Business report. We look at what companies in America And Asia want from the us fed s intradays meeting. Todays. Im glad you could join us. I am rico hizon. It is less than 2a hours before we find out if the Us Central Bank will raise Interest Rates for a second time this year. Analysts widely expect the fed to increase the cost of borrowing. It has fallen toa16 the cost of borrowing. It has fallen to a 16 year low and Economic Growth appears to have picked up, with inflation so low, wieters The Fed Stand ready to act again . Michelle fleurieu has more from new york. Fleury. This factory is growing at a dizzying pace. We have been grown for the last 18 months between 15 and 18 . This woman Left University to set up this start up, hoping to revive an industry many left for dead. Here, they sell close not to customers but directed to businesses, who demand a fast turnaround. The firm now employs 65 people, and has set up its own university to train people. We knew right from the beginning that we had to train our workforce, make them employable. So we do that. We have had had 18 graduates from the university are ready, and then they graduate from the system. The djere the Federal Reserve must decide if the Federal Reserve must decide if the rest of the economy still needs support in the shape of altar low Borrowing Costs. Suuchi. This former official believes they are ready to act. This Economic Data was next to me so why the rush . It has been mixed because the Inflation Numbers have softened a little. A lot of that has been transitory and surprising declines in things like ceuphone surprising declines in things like cellphone bills, oil prices having dropped a little, but they are likely to be temporary. The key thing is the Labour Market continues to tighten. With the Unemployment Rate at a 16 year low, those inside here are betting that wage growth might not be far behind. A Driving Force in the global economy, america is enjoying one of the longest expansions in its history. To prevent the economy from overheating, the Us Central Bank is likely to raise Interest Rates this wednesday, in another step towards concluding the Stimulus Campaign that began after the financial crisis. Michelle fleury, bbc news, washington. Even if they increase rates, it is unlikely that Asian Central banks will follow suit. What we have seen, despite a lot of talk and a text book approach that other Central Banks would have to move along, the reality is that in the past, when the us fed has done this, Asian Central bank said not necessarily that long. And so much of the issues are actually local issues and dagger to base their decisions on local conditions. Not what the us fed does. How could this impact Asian Companies . There are several potential impact. These are, ageing committee to borrow us dollars could face higher Borrowing Costs if the us dollar appreciates. But on the other hand, the outlook for growth in asia is still very good. There has been close to 6 growth in asia projected by the adb. Even with higher us Interest Rates 01 even with higher us Interest Rates ora even with higher us Interest Rates or a higher borrowing cost, Asian Companies ago to make money this year based on local Economic Conditions, and given that the other plagiarist generally positive, the fa Ct Plagiarist generally positive, the fact that the us raises rates by a small amount, or later this year, fact that the us raises rates by a smallamount, or laterthis year, is from ali to have the monumental impact that some of the pundits tell us. impact that some of the pundits tell us. Given that the other forecasts are generally positive. So much of the growth is based on local Economic Conditions. Even with high rates, us growth is generally good, so on rates, us growth is generally good, so on the export side, if the us is growing, that is good for asian exporters, and domestic me, for companies that make money to local Market Selling products and services locally, the outlook is good in asia this year. So they should not see a impact on local sales or local Economic Conditions in the because the us fed raises rates. So much of this sentiment over this issue is built on, and the focus should be a local Economic Conditions in the asian market. Ross finegold in hong kong. In other Business News, the boss of uber players who take time away from the company and could return in a diminished role. This comes return in a diminished role. This co m es after return in a diminished role. This comes after a review of management and practices after a former employees claims about sexual harassment. One of chinas is known billionaires is stepping down from anbang. He has only given personal reasons. Chinese media has reported that mr wu was detained by authorities last week. There has been billion dollar loan five provincial capitals in bangladesh. In aviation, Katter Airways has told the bbc The Donald Trump is not a business friendly president. Qatar. Saudi arabia, bahrain, and egypt have accused doha of supporting terrorism and getting too close to iran. The implication that qatar has been allied with terrorism is incorrect. We have been the leaders in fighting terrorism. We have the largest base outside the united states. We have 10,000 american troops here. Dont you think that a leader of a superpower should at least have his act together and be consistent . How can he be business friendly as a president if he is encouraging and condoning the blockade of the tiny nation that is so important in the emre can fight against terrorism. That was the boss of qatar airways. Elliott management has called bhp billiton to upgrade its board of directors. This comes as the move to choose a new chairman. Electronic giants have been grabbing headlines at the largest gaming show in the world, e3, not least nintendo, which has introduced a number of new games. All these games are being launched for the iran. But after dominating the industry for decades, japanese and these are now struggling with a petition. Earlier, i spoke to david haig about why. Struggling with a petition. Earlier, i spoke to david haig about whym the 90s, they had the discipline and ha rd the 90s, they had the discipline and hard work, they had the product around the world. Iran. But now there are several other countries. David haigh. There are several other countries. David haigh. Why have these Companies Fall behind and koreans and chinese caught up with an . One of the things is culture. Up with them. In china, india, they argue that they change things and they rapidly change. They fulfilled the lines as they arise. Is also possible, david, that there is not enough International Talent and creativeness in these japanese countries, companies . Japanese companies . Ted mack i think that is true. They are sometimes very difficult to deal with because of the overpowering culture of not arguing or changing things. Jese make what must these companies do to change things up now compete with the cheaper korean Chinese Brands . Just what must these countries. They need a wider range of talent coming to this covered it. What about the governments and the accounting scandals, all these things have hurt the japanese the headlines Jeff Sessions has told the Congressional Committee that allegations his Campaign Couuded that allegations his Campaign Colluded with russia are detestable lies. North korea allows a student ina coma lies. North korea allows a student in a coma to return home. Ait people we re in a coma to return home. Ait people were killed and Dozens Injured when three attackers drove a fan in the pedestrians on london bridge. 8. They then proceeded to stab people. They then proceeded to stab people. They were mainly in their 20s and 30s, a period of their lives were a warm Summer Evening 30s, a period of their lives were a warm Summer Evening could bring pressure. Sarin celek was found with sta b pressure. Sarin celek was found with stab would to her neck. James mcmullan, also stabbed. Kirsty boden was 28. She was found with stab wound. A french chef was stabbed in the chest. A 39 year old spaniard took on the killers but was stabbed in the back near london bridge. That would have been more victims would it have not been for the heroes of that night. This doctor was at a restau ra nt that night. This doctor was at a restaurant when it happened. That night. This doctor was at a restaurant when it happenedlj that night. This doctor was at a restaurant when it happened. I said i was restaurant when it happened. I said iwasa restaurant when it happened. I said i was a doctor and i am here to help. I did feel scared. One of the things i quickly realised is a must not give in to that fear. Armed police said run. He used Heart Compression is to keep one man alive. It was up to me to keep the circulation going. As we were running, we had so much help from the public. You did not run, you used your training, you probably saved lives you are a hero. Used your training, you probably saved lives you are a hero. What you say to that . I wish i could have done more. The coroner needs to look at how they died and notjust the violence but wider issues like for example the trick went they experienced on the streets that night. The Police Investigation has closed are markets but you should reopen tomorrow. Now it is time for sport today. See you soon. Hello, this is sport today, live from the bbc sport centre. Coming up on this Programme OpeningBatsmanjason Roy looks likely to be dropped for englands Champions Trophy Semi Final against pakistan on wednesday. France and england fans show their unity before their International Friendly match in paris and less than three weeks before wimbledon, rafael nadal pulls out of the warm up tournament at queens. Hello and welcome to the programme where we start with cricket and with the Icc Champions Trophy has reached the business end of the tournament. Its semi final time as england take on pakistan on wednesday before india face bangladesh on thursday. The hosts though are expected to make a change at the top of the order for their match in cardiff with Openerjason Roy likely to be dropped. Our Sports Correspondentjoe Wilson is in the Welsh Capital assessing all the talking points. England come back to cardiff and beat them but perfect . Well, there is always room for improvement and we sort Jason Roy Fielding on the boundary during pratt is. Players