Lets look at how all of this is playing out. Getting is up to speed is david. Good morning. We are watching these things today. You can take a look at what is happening and some of these markets are getting way now. This will change with the regional benchmark. There is not a lot for people to trade at this point in time. We have the developments on the weekend from the summit. There are a few things i want to mention. There are trades in singapore that have the government increasing duties on tobacco. They may be too early to lift restrictions there. Has copied prices and home prices come out in 30 minutes from now. Will we continue to see the . Ains in property prices stay tuned for that one. Inflation is the biggest threat to economies. That is one thing i want to mention. As far as currencies are concerned, a little change. Not really doing a lot at this point in time. Aussie dollar, there we go. I want to show you that the and what we saw was the biggest oneweek decline in its. In it. Something to watch. Back to you. Austerity is a watch word. Says heralian treasurer wanted a concrete outcome. Lets go over to paul allen in sydney. You are at this meeting. Would you consider it a success. Good morning. He would consider it a success fee got everything he was hoping to get out of the finance meaning meeting. They had an agreement to share Tax Information and they have gotten that from google and yahoo with this development. The profits should be taxed where the value is created. Pages, compared to the 27 pages that the finance ministers came up with one year ago. They concluded with a plan to lift growth by two Percentage Points in the coming years. Heres what they had to say about that as the as the meeting wrapped up. Decided what a number on our aspiration and we are committed to implementing policies that will lift collective gdp by more than two percent above the trajectory of current policies in the next five years. It was a goodnatured meeting and there was not a fight between emerging economies, as had been predicted. Stresseding economies the need for structural reform and they are pleased that they will get the greater coordination that they were seeking from the federal reserve. Lots of areas of agreement. There mustve been some sticking points, right . Of course. The main one had to do with the imf reform. They said that they regret the having not been effective. They singled out the United States and urged the United States to ratify the reforms that were agreed to. Lagardewhat christine had to say about the reform process. It is disappointing and it is not going to stop us from doing the work we have to do. It means two things. It hast equipped not equipped the imf with the resources needed and it does not mirror how the economy has evolved. One other point that she added was that none of what they agree to is binding. We have germany saying that the growth target cannot be guaranteed. Thank you. The g 20ave more from summit later on. Minister is coming up in half an hour from now. Technology stocks are on the move. Lets find out what is going on. There are other stories this morning. Looking toa consumer buy a camera phone, these stories may affect you. We have an interesting report in exit the they plan to compact cameras. If you are planning on getting a canon, better do so now. They are planning on stopping producton because the competes with smartphones. This is why we are seeing some gains in econ. Nikon. Then struck a deal to provide electric cars to the government in bhutan. Lets check in. Up and theypace is expect that the deal with the Philippine Government to supply , they arefighter jets expecting to sign that. That there is a to neo. Tch geared lowcost smartphones in china. Get a look at the lower price end of the smaller smart phone market. There are several reasons behind it. Clarks desk that is the main reason you have this activity. Competition that are praising these products. If you are looking to grow the pie or you want to offer a lower price, it is a different story than people have them floyd in the last year and a half. About samsungre and apple. Lenovo is targeting the midtohighend customer. They have ag series. Is a curved . Curved . It is not this one. Flex. The g they are looking to lift the bland brand. From what we understand, they are in talks with mobile operators to expand the sales of premium products. Do not expect any magic overnight. A lot of products will cost money through advertising and marketing that will eat into profits. You can see this company have a quarterly loss was up the shares have taken a pummeling. They are 20 down. 23 is what i recalled seeing on the oneyear chart. Ranked fifth in Global Smartphone shipments. Be lg. Used to we have a look at the close on friday and there we go. Up by one percent on friday. Up by. 2 in mumbai. Pledging better policy cooperation. We will see if it is enough to calm developing country posteriors next. Earseveloping countrys f next. All right, a quick look at some of the events on the radar this week. , rising obesity, china discusses the agenda and the World Health Organization is out with a report on the health risks in the country. Tobacco usage and lifestyle disease. Government will increase government giveaways. Cut backthat they may on relief measures and tax rebates. On wednesday, we have the Fourth Quarter gdp, as well. Engine biggest search released fourthquarter results on thursday. We saw it jump. At shintoting a look they shinzo abe. Jobless numbers out of japan. Lets have a look at some of the Economic Data this week. We have the cheap Asian Pacific economist who joins us now. It is great to see you. Lets look at the week ahead and the prospects for the month ahead. What about the weekend . What would germaine takeaway . The key take away is the g 20 commitment to boosting growth by 2 trillion over the next five years. The delta in chinese growth currency is around one trillion a year and that is an ambitious target. It is, in essence, a form of Forward Guidance from the g 20 and it shows that they will be more biased towards growth. It is a positive start to the week. The thing is, how do they get there . Do they have concrete proposals to get growth going . This is the key thing. A lot of economists will wonder stopped short of phenomenal income targeting or is moving closer to it. What you need is a mix a mix of growth and inflation to get to the output gain over the next five years. This suggests that the overall stance of policy will need to remain easier and remain geared towards growth. There seems to be a core accord. Is developing world that we are looking at, especially southeast asia. They are growing. There are many headwinds. Says thatrch paper this could be the year of inflation. That could be the case. The important thing to remember is that when we look at the potential growth rates in asia, compared to what they were, they are lower. For india, it is one percent lower. With the exception of the philippines, that is one half a percent lower. We could see a policy biased towards growth and the economy will be hitting these lower growth constraints. Inflation will become more apparent. Perhaps not problematic. The key question is, how intractable is inflation . Requires the beginning of tightening cycles in the second half of this year. Inflation a companies growth. We . E are will we see increases . Are moving through the inflection point. One of the uncertainties is the highfrequency data that we are getting from asia. We have distortions coming in from the Lunar New Year holiday and we may not get a clean read what the momentum of asia is until march or april. Thattainly think opentrading economies should be going up words towards a firmer exports and production outlook. Great talking to you. We are going to take a break. A battle for chinas highrollers. Things are getting underway and hong kong. Futures are indicating positivity. The market is higher. Junket operators are locked in battle in macau. Report, tell me what these are and why they are important . They bring in and recruit the high rollers. And provide them with credit to gamble. There are currency controls in china. Basically, they have collateral. N china and they can get it they are sure they can get the money back. They get the loans at zero interest rates. The casinos are trying to tap the market of highrollers and recruit the highrollers. That they can save them billions in commissions. 13 billion went to the junket operators. Dynamics att the play . Were are talking about Management Strategies and all of this dovetailing into that. It is intriguing and it is a great story that was written. The analysis that we have done is to look at the size, scope, volatility of this business and are going to take some of the business direct. They do. They want some of the theness direct and operators are important from the standpoint of credit. It is meant to be the most lucrative game. It is the game of choice. What we have represented here is the nature of the business. That is in amber. Andtimes it is high growth sometimes it is low growth. It is very volatile. The mass market is very consistent. That the vip business is critical to the operators and the market continues to grow in importance. Why is another element of the operators are under pressure. What about these fundamental factors . Are the operators feeling it . They are feeling the pressure and that is why they are diversifying. Some of the biggest players diversify into moviemaking and immigration. Yeah. An intriguing business, from the standpoint of how the whole thing comes together and you alluded that the junkets operators are critical. There are a number of new elements and it shows how the relationship works. You have clients and it goes through agents. If the casinos can go direct, that is a plus. Quite often, they do not know who it is and the operators provide some of the credit. The casino guys are happy to do this. In many cases, they are happy guys to be the provider. Assume the gaming debt and that is why these operators will be in place. Good stuff. We will look at some of the amazing enticements the casinos have. Let us tell you about what we have going on. The government is struggling to clear the air. We have the latest on the choking small. Problems and china downplays economic concerns. We await the latest property figures. Nothing to fear. The french minister says that tapering will not harm emerging markets. We find out what it takes to be an elite fighter pilot. Inre at the start of trading shanghai. It is a mixed bag. It is. The reason were seeing the is becausenchmark you have japan pulling the index up. These markets have turned red. Down. Korea is getting underway, the big news comes out of shanghai any minute now and it is the property prices. Gauge on theest home prices in china. We will get more details in a few minutes. I want to get to a note from china. The International Corporation is the Biggest Investment Bank in china. A few takeaways. They think chinese stocks will advance cautiously. Picksir words, their top are companies with environmental rejections. They are in the chinese capital. A lot of these take cities have concerns over property and property curves are nothing new. They say they will get those numbers out once again. Were going to gain some isction and the government making it harder to get mortgages from the banks. Stated thecal report banks are lending less to the property sector. That is what we have for the moment. We have seen declines across the benchmarks for chinese stocks. Coming out of the chinese Property Market, the city figures. These are the figures. Up ine Affordable Housing 69 cities and i believe it will be the ninth straight month. The prices rose month over month. Upnghai new home prices are. 5 month over month. David talked about some the weakness in property share and that is because shanghai is reporting that Industrial Bank has tightened the lending to the property sector and the related industries. Again, we have not been rolling out nationwide policies in the Property Market since he took over and there has been some tightening at the local level. Tightenedem have since november. Minimume all raised down payment for second home purchases. The price gains are rising. The pace of growth in the prices is slowing and january is a slow month for property sales in china. Im just seeing if we have more data. We are getting a lot of headlines and they break it down to existing home sales, new home sales, and various cities. Right now, the key headline is that the home prices have risen in 69 cities for the ninth straight time since ninth of may of last year. Information is coming through on the Property Market. How was your journey into work . I hear that the smog is repellent there. It is that the 400 level. Have p. M. 2. 5 filters on my car and that helps. The air pollution since thursday of last week has been particularly bad. Local media is saying that this current weather pattern will last until thursday of this week. We have a few more days of this blanketing smog. The pmi was over 400. Harmfulal dangerous and this morning. It is 15 times the recommended highest safe level by the World Health Organization. Hows another example of beijing is becoming uninhabitable. That was the report from the academy of sciences, an Advisory Board to the government, that said that aging was the second worst of 40 major cities around the world in being inhabitable. References to that story it were quickly scrubbed from the internet and it is not something that the government wants to advertise. The air quality in this city and northern china is bad because of Energy Consumption driving the it is bad. Im just going to sum it up that way. It is bad. The property numbers are down. Joined. Stay tuned for that. Lets turn to the other stories making corporate headlines for you this hour. Blackberry. Dropping microsoft for blackberry. They hope the system will be less expensive and more reliable. Netflix is said to have struck a deal with comcast. Will go to a third party. Sources say totals millions of dollars a year. Making a profit of 3. 3 million. That is in the six months through december. It is up from 23 million. Performances from north american, Australian Businesses were behind the rebound. We will talk to a home hourly later this morning and a half an hour from now. The g 20 switch to the spotlight from austerity to growth. They minister supports the talks in sydney. He says that the fears of deflation are groundless. I do not think we are in a situation of deflation. It is also a chance to enhance the demand and we have to be careful about that. That he takesre that into consideration and the main problem for the euro zone is to move towards more growth and Structural Reforms at a rhythm and pace to have a stronger euro zone. Secretarygeneral talking about a need for reforms and emerging economies to get their houses in order. Would you support that . Yes. The meeting is about growth. Agree thats and we we have strategies of more growth. It is good. The treasury secretary general and australias general gives this message to the emerging markets. Are you concerned about the developed economies scolding the emerging markets . The periods of the style of a positive you have emerging economies. There is a normalization of andhes Monetary Policy the United States was not expected. It is a way that does not consider the rest of the world. Do have a concern that quantitative easing has become normal and the withdrawal of studios could be shocking . Problem is inand the head of everybody and in the head of the chairman of the fed. The french finance minister joined my colleague. We have an in depth look at the numbers under china and we will be joined by the regional head of property research. She will be on the move next. Asianpacificat stocks moving the highest so far today. It is a big it is a bit mixed out there. At the moment, it is flat on the benchmark. We have 30 minutes of trading gone and it is down one percent. House prices in china continue to rise. 69 cities show positive gains. We will come to that in a second. Lets talk about the battle. Sending a message and monitoring health. Interesting, they do not use googles software. That is i you pronounce the operating system. Latest wantith the to the galaxy. Is that has that and more. The most expensive model and camera resolution. It is usually popular among consumers. This year, it will be decidedly different and the new model will be shown at a trade show in barcelona. The homegrown asian rivals pose a serious dominance challenge. The shares have fallen 15 over the past year and 13 , if you factor todays trading. The stock fell 10 last year. Enough, theyt continue to eat into the market share. It tied with apple at seven percent. At samsung and they have long enjoyed dominance in key markets. There are diverse product lineups from cheaper models and the galaxy phones. Samsung is looking to competitors that have caught on. There is a lesserknown brand that enjoys recognition in china and is far cheaper. A key regional player. Asias emerging markets, like indonesia. Ovations, including a larger new innovations, including a larger screen. It will be released at the mobile congress. Sunday, as was mentioned, samsung unveiled two new watches. That is just one of the many new ways that samsung and their competitors are looking to connect with consumers. It sent shares higher by. 5 . That is your global outlook. Nicole walsh is the head of property. It. Ities out of what do you make of it . The trend is that the price increase will be slower than last year. And it means up that price will grow slower this year. They cannot continue the rates they have been. These curves going out . Is it a factor of supply and demand . Construction and it was down. Growtheeing the accelerated. Sales, existing home that is not sustainable, is it . Are we in bubble territory . And tier two, definitely not. At occupancy. It is high, compared to tier three. They need more. What about affordability . It might look weak in the numbers. If you look at what people are making, the people who buy the stocks actually have no problems with holding it. Clearly. They are buying them. We are talking about 300 of somebodys income. We look to the average income of different cities and it is a waitress income. We think there are people who cannot actually afford a private house and that has to be taken care of by social housing. Marketother hand, the meets the needs of the supplied more. Are we getting that supply . It seems like it. Year, it seems like they are getting the supply. There are a lot of companies in china. And do act in collusion they collude with each other when it comes to pricing . We do not think so. For jebel, the developers will have a market share in each of them has about four percent each. You have such a small share. Lets talk about some of these countries. Most from thefits tier one and tier two . Most Big Developers keep focus and that means that 65 or more of the generators. Benefit willwill be the smaller ones. They are focused on tier one and tier two. That will be in six or seven cities. The tier three cities, you dont like china. We dont like china. They are turning from a developed country. In that process, they will be in single digits. It is a pleasure having you on the program. Coming up, we will take to the skies. The daredevil maneuvers are next on on the move. From our to you live studios in hong kong and on mobile devices, this is on the move. We look at news around the world. The ukraine president has disappeared and parliament has given his power to the speaker. There is a call for a swift move to a new government. The economy is on the verge of collapse after weeks of demonstrations. There has been no sign of the leader since friday. Bangkok has been hit with fresh violence. Two people were killed in the protest camps. Witnesses say that someone threw a grenade. Died inyearold girl the Eastern Province on saturday. The Prime Minister has condemned the incident as a terrorist act. Risk and somee of highfliers. T is a risk we spent the day with the citys top guns. The run, the loop, trade upside down. High octane maneuvers from the aerobatic team. They execute in unison. Heart stopping . You bet. People talk about what the force feels like. As well as the roller coaster. This is one g. We start to move up. That goes throughout the body. You are pushed into the seat. Yes. Recognizeic pilots it. Juggle aerobatic training with operational duties. Some spins and some risk. We do it in a safe manner. It is not at the point of being dangerous. Bloomberg, singapore. The lego movie is discussed. They held onto the top spot in north america. The lego movies have now taken millions of dollars in ticket sales. The internet toothbrush. It tells you what part of your mouth needs more attention. Detects how much carter has been removed with each clean and how you brush to maintain a record morning and evening. We will have a look at the protests and the damage to the ukrainian economy. We will see where they go next. Hello. We are live in hong kong. Officialn the move curves that little effect. The lowcost phone market in china. Highest in a year. We will talk to the ceo. Clientseeing sharp to and there is a degree of positivity elsewhere. That you for that. Bag. A mixed at the other end of things, you the limits on the losses and the original benchmarks. Utility stocks and tire makers are leading the way. Let me show you hong kong. You have the big three. You have the hang seng index. Have China Resources down five percent. I will tell you why in just a moment. I need to get it up and what is happening to the share prices at this point in time. Here we go. Retail is down 2. 5 . Cut the Credit Rating to double be. Stock is being cut to underperform. Afternoon, wee have the Supreme Peoples Court in china and they are expected to issue a verdict later on in the afternoon. It is something to watch. Big spot to watch today. It is heavily weighted. That is the property declines at this point. Ok. Lets have a look at other stories making headlines. Seems to be particularly worried about a slowdown. Can grow. That china there are possible default in the Banking Industry that are not a problem. Chinas air pollution is giving an electric car maker a boost. Toy offer rental Services Shanghai and beijing. Rate started at three dollars an hour. Braceletre releasing a that can do everything from sending a message to monitoring your health. Watches will go on sale. Talking of samsung, we have new players in the smartphone sector and new galaxy devices this week. There are rising sales with apple and devices that have a larger screen. Lets have a look at lg. Theyre trying to get out of the lower margin and lower price point smartphones. They are trying to concentrate on the upper end, where the margins are much better. Focusing on premium products. Products not available in china. Theyre going to roll this out. 4g. E phones will target the theyre competing against lenovo. Global shipments in the recent Fourth Quarter were percent of the market. Do not expect any magic overnight. To change their strategy or introduce new products, that is going to take a lot of costs and marketing. Maker. Are a camera smartphones have cannibalized what they do. What is their strategy . What it is amazing. If you take a look at smartphones, they have sensors. R lenses and you can get high Quality Photos through a phone and you were able to do with this. This is what is hurting the bottom line, according to a report. They are setting this without citing anyone. They say that the company will compactuction of cameras under ¥20,000. I do not have a camera at home. I use everything on my smart phone. Do not need to carry two devices when i can carry things in one. Dealts take a look at the with property prices. It is over in china. There is a search in the property. The gains on the existing housing stock. Felt, whene itself it comes to the whole gamut of housing. We had these stocks and they were on the way down. It is the usual Market Reaction that we have seen coming from mainland investors when property prices go up and there are concerns that the government may step in. It is the usual dynamic. Prices go up. There are recent releases of the data and financials right here. Estate down four percent and they are getting hit pretty hard today. Anyways, we are down four percent. The shanghai composite is falling and you can expect that. It depends on how you want to announce it. So, certainly, this is something of value. If you look at how these stocks are, it is going down the shanghai composite and falling the most since early january 6. 1. 7 . We will continue to follow this route the course of the session. Back to you. Is rallying the most in three years. The latest set of numbers came out of the company. The ceo is on when on the move returns. Is on the move. Were coming to you from hong kong and streaming to you on bloomberg. Com and your mobile devices. On western naval and china as concerned asian brands out there. We are looking at the trend in asia today with our report. You have 43 stores and 17 in greater china. What are your global plans . Thing isst important is two or three years to establish this one. The new ones that we have opened 25,000 squaree feet and are the blueprint of our brand. We see this variety and hong kong and asia. We have this mixture in europe and United States. The United States is an interesting example and you opened doors in the 1990s in new york. You shut down two years later. The only store that you have is in miami. What are the challenges that you have learned from the shutdown of the store in new york . We had a presence in the United States. Truly, what we learned from this Distribution Strategy is that we and to go marketbymarket we did not have that. Look around the store and icy handbags, clothing, house word houseware. You offer products that embody Chinese Culture and you are expanding to the Global Consumer with tastes that are you holding. How do you offer them this product . It is curated. We are in Fashion Accessories and the home. We have a lot of our offer focusing on what has the True Potential to grow and we are an international city. That the chinese are. Ell traveled and will emerge i know that chinese are your number one consumer, globally. About the chinese attitude, historically, they prefer western luxury brands. Can shanghai ever be a true luxury brand . They have no choice. And they areese than consuming premium products. So, this is challenging. Another thing is changed and we see a problem in China Growing in 2008. Hear the stories making headlines around the world. The ukraines president has disappeared. On sundaysession called for a swift move to a new government. This is after weeks of demonstrations. He was prevented from flying out of the country in the ethnic part of the russian east of the ukraine. Thank god has been hit with fresh violence. Explosions were at a protest camp. A fiveyearold girl died and another blast on saturday. The Prime Minister is condemning the incident as an act of terrorism. Dozens of korean families are separated by war. Some have not seen relatives for 60 years and feared that they would not get the chance. There are formal shots of families smiling stiffly and barely interacting. Some sports news. An updated version of her life story was released. The second grand slam title, following 2011. Number two in the world and that is unprecedented for an asian girl. Has been focused on the air being so bad. After the break, well examine the latest set of numbers and paul malley would join us. Isjust a brief look at what happening with the trading day in sydney. A bit of a flat session. It is the opposite of the last time i checked it. David. Different things, really. We had the aussie dollar seeing a bit of weakness. The financials are mixed. Lower and the property is half of one percent there. Things are going barely. And letst the index take a look at the beach energy. A. 5 . Up the earning story is a 150 improvement. They support a dividend for investors and it is the best performing large stock. We are up to 50 . Another earning story here. In the back, you saw it last year and they are back in the black. We are buying into those shares. It is a little bit overbought. Extent. A large lets have a look at blue scope and the chief executive. Paul malley is joining us. It is a good news story. I think the highlights from when we look at the surgery is the low light, in a way. We are seeing negative growth and how bad are things . I think that our statements are in the commercial and Industrial Property sectors. Largee seen investment by groups and i cannot talk to the broader economy. We are a leading indicator with investments across industry and manufacturing. We are seeing negative growth in the sector at the moment. How bad are things there . Can you put a figure on it . The headline growth in china is positive and theres a lot of activity. We have invested in the west of with the first threestar Green Energy Building in china. We think that it will improve dramatically. There is a pause in investment and until people understand where the chinese economy is going, the other thing is that so much investment has gone into Capital Infrastructure that people just want to get a better return for that. It is a downturn and at best, it is a pause. Will call it a pause and see where we get to. It is tremendous Economic Growth in the u. S. Over the last five years, it has been challenging and we have done a lot of productivity improvements. Our entire business portfolio, apart from australia, our biggest exposures are to new zealand and the u. S. s economies. We have seen positive growth year on year and margin expansions expansion. You look at labor and probusiness policies, it is all coming together and is supported through business. You are back in the black and i believe that you think that more work needs to be done. What needs to be done and what are you doing . In australia, for instance, we have our first positive profit in our Steelmaking Business and we have invested in innovation by expanding our product offerings. We are seeing an uptick in Building Construction in the residential and that is a good market for us. The industrial land in australia is tough. Country, starta to work on productivity and look at our energy costs. We have to swing the balance back to good engagements between employers and employees. That will take a few years. Benefits more broadly across the economy. Productivity is an issue. What about the Pricing Power . How is that looking for you . The one benefit that has been really good for the last six months has been the aussie dollar. The aussie dollar falls and the relative conversion margins improve. Make finished goods in australia give up the ability to see a marginal improvement. A less attractive market for importers. The aussie dollar is the one factor in control that is going in our favor. We were beyond that. Posting astill be profit . Would it be a loss on a net basis . It would be challenging. Product made 37 million better than the Previous Year and a lot of that improvement is on the margin and the cost. And it supported margin would not be as good as the one that we announced. Lets talk about the cash position. We have net debt at. 4. We have plenty of liquidity and have announced investments stop we have increased the bottom very strongir is return on investments. We can fund those and we are ensuring that we maintain a conservative balance sheet. There are no plans to have dividends for the half. Decision andde a the board is absolutely focused on getting a dividend back to shareholders. This is a decision that i would like to make. Thank you for joining us. The chief executive of blue steel joined us. That is what we have at the moment. It is coming through and it is six percent higher. , is the lease and five years and we have the finance minister of the country. He is going to tell us what he is to turn things the violence is over and the economic concerns of only just begun. The orange alert. China shuts factories as pollution gets worse. Private jets,th limousines, and Million Dollar loans. The nikkei was positive and going into one. We got more going on with your money. Your money in japan. And weseeing some gains are entering the lunch break. Green to modest gains. The financials are pulling down and limiting the gains. European banks in the insurance is. Thats the insurance. The insurance. You the changes in the analyst ratings here. It is neutral at mitsubishi. ,n upcoming deal is providing whether or not people will buy the same amount of lose because it is expensive. Is up three percent. Reform and this comes from yamaha motor and suzuki motor. They are down 11 . Were checking in on what is happening in southeast asia. Is that one percent. Jakarta is getting underway. And ares are there stronger. For more on what is happening, i will toss it over to our reporter. Good morning. The may give you a brief of what is happening on the market. They continue to gain and they predict that they will reach the 5200 level by the end of the year. It will not create turmoil. Starting investors buying local stocks and bonds and the deficit rank. Performert the top tracked by bloomberg. Heres of the finance minister had to say about the end of the g 20 meeting. Asia, i would say that our deficit is around 2. 2 through the end of the year of 2013. Continues it will be small. Im not in a position to comment believe thatand i the best way to do it is to let the market and this movement. You ensure that the fiscal policy and the proper matter and Monetary Policy is in the proper manner. I think the government does this type of policy. It may fall and on a separate occasion, they had a 14 state budget. The gdp growth. That is the latest. Now we go back to you. Thank you. The other to some of stories that are making headlines. Coup withng of a blackberry. Ford is using blackberry for the next generation card technology. They say it will be less expensive and more reliable. Netflix has a deal with comcast to make negotiating faster. They were going to a third party. Sources say that it totals millions of dollars a year. The agreement has been finalized and ubs is seeking community and the United States and europe. Billions byselves disclosing their role and libor. They are back in to do the first report and currency markets for u. S. And european regulators. That is a look at some of the top stories. Casinos are locked in battle in micallef. That shea mom multibilliondollar gambling industry. Tim, give us an idea of what is going on here. The stakes are huge. They are old stop pardon the pun. They are. Pardon the pun. About what is going on in the vip business. Certainly, the junkets are behind a lot of it. It is an interesting chart. The business is that correct. That is all that play. The importance of the vip business peaked out in 2011. It was three quarters of the business. Number you would see is 30 of profit and the massmarket business is much more profitable. There are other dynamics at play. Indeed. The increased profitability is part of this. You can see it in this chart. You have a difference in growth. N volatility the vip business swings all over the place and the massmarket business has been growing 30 40 for the better part of the last four years. You put these dynamics together and the casino operators want to see a growth in the massmarket. They realize the importance of the vip and they want to have more of that. Junkets. Ve these you have them going straight to the vips. That is the heart of the story put out today and the graphic looks through some of the dynamic where you have the relationships with clients and junkets agents and operators. This has been important. China and,in increasingly, you develop. What do they do to avoid the usage . Some of the key marks are the introductions and providing credit. If the casinos have a relationship and feel comfortable, they can bypass this angle and provide the credit themselves. It has gotten to be a Good Business for several of the casino operators. Be five percent10 15 of the business. Could be that much better for the business owners. Quickly, what about the suites. Jet and the that is part of the offering. They provide some of the nice service. This along to sams. . Is that, isnt it it is all part of the gig and the casino. It provides rooms, food, and beverage. They could be bringing somebody chinese vegas and the the ips are important here and in the u. S. Always a pleasure. The ukraines president has disappeared. We are having a bit of fallout from the protests. The ukraines president has disappeared. The parliament has given his job to the speaker. Warnings that the economy is on the verge of collapse after weeks of demonstrations. It has been no signs of yannick ovitz. Unico yanukovich. The economy has suffered long and catastrophic damage. They are in a predefault situation. Joining us now is a Political Science professor. Thank you for joining us. How dire is the economic position . It is very dire. The Government Holdings have sinceeduced by 13 december. It will be 15 by this time this week. Theyre calling it a default situation. That suggests that this has to be rectified. Is the recognition of the is their recognition of the urgency . Governmentine thought that they had to sort it. Sayinge russians are that that was to the unico which government. Gone, is somebody else. They signed an agreement with the European Union and that sparked the controversy. Will they come up with the cash and the billions that is needed . Partyy will come to the if the ukraine is on the right and agrees to certain conditions. They must get the corruption under control. They must make it clear that they are oriented towards europe. Ukrainians cannot have their cake and eat it too. They cannot expected a lot at the same time as they are looking towards russia. Parliament is much more euoriented. This can change by the day. This is the trouble with the current situation. That is the trouble. The east is different with its political leanings and ethnic makeup than the west. They are talking about a splitting up of the ukraine. What is the best thing for the country . They would not be the best thing, and many perspectives. Even the russianoriented ukrainians want to stay part of the ukraine. Wanting a closer relationship with russia is not the same as wanting to be part of russia. There are regions that might want to join. For the most part, the ukrainians want to be russiaoriented and not part of russia. Most want to stay in one country. Who isof the people driving the ukraine away from europe is vladimir putin. How much of this comes down to geopolitical ambitions . We will see how he reacts. While the olympics were on, he had to play softly. Now, they have successfully concluded and he is going to take his gloves off. He did in georgia. That he ise to thank sufficiently intelligent and will not use military force or threat of military force. That with russian politics, you cannot know. Then come out with a joint communication and they wanted to respect the integrity of the ukraine. That suggests that it is not likely to have any military action. We would like to interpret it that way. Vladimir putin is unpredictable. Ukraine to see a united under russian influence. The opposition is so claimussian that he will that the game has changed and he asked to do something about it. At the moment, that is a good sign. Side says that there is an agreement that the russians were invited to and they were agreed to. Aside. Been tossed he has other levers of influence. To brings were reduced the ukrainians into the arms of moscow. He wants to influence the people. Absolutely. We are getting into spring and it is cold. Russians have gas supplies and dramatically increased prices. They can do this again and ukraine is still very large with energy from russia. They are dependent on russian oil and gas. They have a trump card. Thank you. That was the professor joining us from the university. s to discuss singapore maneuvers. That is next. The g 20 finance ministers are vowing to focus on global growth. To aime endorsing a plan for two percent expansion. The Global Economy still faces weakness. A debate on austerity and this was a debate about working together to share best practices where individuals can grow and global economies can grow. Contradictory statements from india. Many are confused. Caused the confusion . Really leaders in a series of debates between the central bank and the finance minister. And are on the sidelines the r. B. I was taking inside off the central bank said they would be on the it isterm roadmap and coming up on the sidelines of the g 20. Governor saysnk that they want to deal with inflation and what the central bank believes. It is the biggest challenge for the central bank. It is also a challenge for the g 20. Are saying that inflation should be taken away and that the price index has increased. On continuingerns this debate with growth. Will be watching for more on that. Back to you. Thank you for that. Ands a case of risk s correspondent spent a day with the top guns. The road, straight up, upside down. Tonight. E seeing executing in unison. You got it. Unit of velocity on the wing. You have velocity on the wing. People talk about the gs. Can you explain what the force feels like . You lift up your hand and that is one g. The cheese increase. That is throughout the body. Like most pilots, they juggle aerobatic training with operational duties. Midair spins and twists. We do it in a safe manner. The point of being dangerous. Bloomberg, singapore. The lego movie continues to build success. It is a Third Straight weekend. There are opportunity releases. Has taken 180 million in sales. Stay tuned. Asia edge will recap the big stories of the day so far. The chief asia economist at rbs and shadow banking risks. We are live in hong kong and this is asia edge. A look at our top stories, sounding the alarm. China issues new Health Warnings as pollution levels soar. Shanghai takes on the world by staying close to its roots. I am mia saini. Also coming up, growth prompts austerity apogee 20 in sydney. The imf chief warns of market volatility ahead. Private jet limousines and billion dollar loans, the iranian firepower being deployed in macaus battle for gamblers. We hang out with the best of the best in Singapores Air force. Good morning to all of you. I am david ingles. Lets get straight to what is happening with your money at the start of the week. A relatively quiet start. Stills are sterile are fairly low compared to usually. There is not much to trade on as far as macro moves. With the exception of the chinese market. Up 11stock markets were out of the past 13 sessions. Atfor the fx markets, look the yen, look at sterling, look at the euro