Business news live from singapore. Foxconn announced a ten Million Dollar investment to build a Manufacturing Plant in the united states. On facebook reports a major bump in profits. Hello and welcome to Asia Business report. I am sharanjit leyl. To Asia Business report. I am shara njit leyl. Taiwanese Electronics Manufacturer foxconn Just Announced plans to build a Flat Panel Screen Plant in the united states. At an elaborate Press Conference in the white house a short while ago, foxconn said it is investing million 10 million. I asked our correspondent how big a deal this is for the us economy. President trump campaigned on the idea of bringing Manufacturing Jobs back to the united states, especially in americas heartland. So certainly from his perspective, and from his bases perspective, this is a really big win. You see this is a really big win. You see this Company Coming in, investing 10 million, that is going to create 3000 jobs, and is just 10 million, that is going to create 3000 jobs, and isjust beginning. From the perspective of the governor of wisconsin, where the plant will be built, he has said this is going to then explode into up to 13,000 jobs. So there is certainly a lot of hope with this Company Coming into wisconsin. All right, lots of jobs being generated there, but we know these are going to be expensive jobs. These companies are going to have to pay American Workers a lot more than they would their workers elsewhere. So presumably costs are going to go up for these firms. Do they know quite what they are getting into . So that of course is a concern, so getting into . So that of course is a concern, so there was one local politician who really called this as sort of package, because just how many tax breaks foxconn was offered in order to come to the state of wisconsin is something around 3 billion in tax breaks. So it is possible that those kinds of lures really helped to get foxconn into wisconsin. All right, and i guess this would be seen to be a bit of a victory for President Trump. Has he been revelling in it, and seems really ha p py been revelling in it, and seems really happy with it . Absolutely. It was really quite an event. You had the head of foxconn at the white house, accompanied by the governor of wisconsin, by the Vice President of wisconsin, by the Vice President of the united states, either house speaker, paul ryan, and of course President Trump himself by the house speaker. He said if i was not elected, foxconn would not be investing 10 billion. Facebook is again beating analysts expectations. They just again beating analysts expectations. Theyjust reported a 71 jump in expectations. Theyjust reported a 71 jump in profit expectations. Theyjust reported a 71 jump in profit in the expectations. Theyjust reported a 71 jump in profit in the second quarter. Facebooks revenue rose more than 44 , to 9. 32 billion. Their push into video ads helped boost growth in their Advertising Business and worldwide the Social Media Giant has 2 billion monthly active users. That is about one quarter of the worlds ovulation. 0ne quarter of the worlds ovulation. One in three facebook users fall into the age group of between 25 and 34, into the age group of between 25 and 3a, an advertising is the key driver of facebooks earnings, amounting to 9796 of facebooks earnings, amounting to 97 of total revenue last year. I asked our correspondent what she thought of the numbers. Asked our correspondent what she thought of the numberslj asked our correspondent what she thought of the numbers. I think that facebook is one of the most Amazing Companies on earth, and even though they have 2 billion monthly active users, there are at least 7 billion people on earth, and many of them are now. People on earth, and many of them are now. More and more of them are coming to the internet for the first time because of mobile. Particularly in Southeast Asia, with indonesia, with the philippines, there is tons of growth, and it is great to hear that Video Advertising is coming to facebook, because there is a lot of room to grow, particularly on video. Video, for the first time, if you think about it, in developing countries, there are still a lot of optimisation that can be done. So i do believe that facebook will continue to grow, particularly with Video Advertising. Now, you mention that 2 billion people, surpassing that 2 billion people, surpassing that mark. But the near saturation, though, in the united states, just about everybody is on facebook, so where else can they look for growth . You mention Southeast Asia, countries around here, but of course the one place they are not in its china. Yes, i think no matter how much mark running in front of tiananmen square, april we will be awhile before facebook can enter china mark. There are also countries with over 1 china mark. There are also countries with over1 billion, like india, indonesia, the philippines, and these are countries with huge populations and facebook has been doing a lot of work in india and trying to provide free internet. I think all of these moves will continue to help them to grow in terms of monthly active users, which will also equal advertising dollars for them. Right, now lets talk about those advertising dollars, the majority of their money made from mobile advertising. Where else can they look to continue to sustain this sort of growth . Well, there are a few other things. Facebook have not yet completely monetised on some things yet, one is whatsapp, the huge acquisition they made with whatsapp. They kept that intact, and iimagine whatsapp. They kept that intact, and i imagine once they start Monetising Whatsapp there will be huge opportunities. In other news, the chairwoman of Hewlett Packa rd opportunities. In other news, the chairwoman of Hewlett Packard has stepped down from the board of directors. She has been named as a possible contender for the top job at uber. She is leaving the Computer Maker after a tumultuous time on the desktop pc market, which has hit the company hard. Boeings shares have climbed after reporting better than expected quarterly earnings. Shares in the Aerospace Giant finished up nearly 10 . The result showed how cost cutting has helped offset the effects of lower commercial Plane Deliveries in the first half of the year compared with a year ago. And amazonjoins first half of the year compared with a year ago. And amazon joins the 500 billion club. Its market value climbed just a little past that yesterday. The Us Based Company has expanded its services beyond goods, to include Cloud Computing services for a broad range of companies. The E Commerce Giant recently announced it is increasing its footprint in Southeast Asia by launching its services here in singapore. 0ver Southeast Asia by launching its services here in singapore. Over in the united states, the Federal Reserve has left benchmark Interest Rate unchanged, which pleased investors, because if you take a look at how the dowjones ended up, it was actually at a record high at the close. And the central bank was widely expected to keep Monetary Policy steady. Fed Chairjanet Yellen laid the ground work for wound winding down the stimulus in september. Earlier i spoke to a correspondent in sydney and asked if there was anything to worry about in there was anything to worry about in the feds recent statement. Just the risk of lower than expected inflation derailing the programme, to raise rates and withdraw that a. 5 to raise rates and withdraw that 4. 5 trillion in funds they pumped into the global monetary system. They have pointed to other key risks, and the wording that as long as the economy evolves as expected clearly implies there are some risks. Markets have immediately left to the potential for the debt ceiling in the us to not be raised by september. If that is the case, we could see another government shutdown, and turmoil in markets generally, and especially bond markets. If that were the case fed would likely step away from its programme. And we saw that Equity Markets seemed relieved by the prospects of Lower Borrowing costs and the chances of another rate hike in september being discounted. When do you think they will hike rates ain . Do you think they will hike rates again . I think december will be the first, and we will see that in september when the Meeting Minutes a release. The fed estimates there will be one in december and three next year and nothing in the Statement Today suggest they have moved away from that rather hawkish view for Interest Rates. Michael mccarthy speaking with me earlier. The push for cleaner and greener ca is the push for cleaner and greener cars is gaining momentum, with of course the industry looking to clean up, and to move away from emissions standards. And in china they have already started that. China is the worlds diggers car market, and they are requiring tougher Emission Standards for all cars by 2020, investing heavily in electric vehicles. France banned petrol and diesel cars as part of the president s plan to make the country Carbon Neutral by 2050 and the british plan, similar to the french one, is part of the governments strategy to curb Air Pollution. We have to get rid of petrol and diesel ca is have to get rid of petrol and diesel ca rs off have to get rid of petrol and diesel cars off our roads if we are going to deal with not only the Health Problems that Air Pollution causes, but to meet our Climate Change targets and the good news is that the car industry is already moving in this direction. The chancellor has authorised more than £200 million of additional spending to help local authorities come up with the right approach in order to deal with Air Pollution on the roads. And that was the uk environment secretary. Looking at the markets, we have some asian markets currently open. Tokyo has opened flat. Australia making some strong gains, up australia making some strong gains, up1 and taking australia making some strong gains, up 1 and taking those cues from the strong gains on wall street. It was mainly due to the good corporate earnings we have been seeing. We have also seen oil prices rebounding somewhat, and that is helping a lot of the Commodity Reliant stocks in australia. That is it for this edition of Asia Business report. Thank you for watching. The top stories this hour President Trump has made a Surprise Announcement that he is reintroducing a ban on transgender people serving in the us military. Wildfires tear through the countryside in southern france. Thousands are forced to leave their homes to escape the flames. She was the youngest victim of the Manchester Arena bombing two months ago, and on wednesday, the funeral of eight year old Saffie Roussos took place at the citys cathedral. She was a huge fan of the singer ariana grande, and had been given a ticket to the concert as a christmas present. She was at the show with her mother, who was seriously injured in the attack. Judith moritz reports from manchester cathedral. A moment of comfort on a painful day. Lisa roussos is still recovering from the bomb which killed her daughter. She left her hospital bed to be with herfamily, to say a final goodbye to saffie rose. To the sound of her idol, ariana grande, the eight year old was brought into the cathedral, her little coffin carried by the father, andrew. Honoured to be her dad. Honoured. Shes. Was a superstar in the making. To become something in life, you have to have something, that something spark, that. Charisma, that something. And saffie had that, she truly had that. The service was filled with emotion for those closest to the little girl, and for the public of manchester, who may not have known her, but felt drawn to share the moment. Saffies cheekiness and confidence are what her friends remember most about her. She played almost every day with her best friend, lily, who still cant believe saffie has gone. Sometimes i think, i dont know how this happened. I wish she was still with me. But i dont know how to feel, really, but im just going to think shes always with me, shes always sat on my shoulder, always playing together. Shes always going to be with me. Somewhere over the rainbow. The Arena Explosion happened just yards from this cathedral. Within its shadow, Hundreds Brought Roses for saffie rose, remembering the youngest life lost that night. Judith moritz, bbc news, manchester. Time now for all the sports news in sport today. Hello, and welcome to sport today, live from the bbc sport centre. Coming up on this programme, france claim a late equaliser to qualify for the womens euro quarterfinals. A premature end to 2017 injury means Novak Djokovic will miss the us open and the rest of the tennis season. And peatys golden double no world record this time, but the briton wins another breaststroke gold in budapest. Welcome to the programme. France have made it to the quarterfinals of the womens european football championship after a late equaliser against switzerland saw them progress at their opponents expense in group c. Eve perissets sending off within the first 20 minutes allowed the swiss to score from the ensuing free kick, and a win wouldve put them through but it was france who grabbed the last eight spot after camille abilys free kick went straight through the grasp of goalkeeper Gaelle Thalmann with under 15 minutes remaining to make it1 1. While austria were 3 0 winners over iceland, meaning they top the group with two wins and a draw