Mainland china, but less is flowing out. We find out why. And digging up of diversity. The Philippines A Posture the Environment Secretary defends her decision to shut down mines. Philippines Environment Secretary. Glad you could join us for this midweek edition of Asia Business report. Im rico hizon. New figures reveal investors are putting more money into china but chinas Investments Overseas are falling. More than 7 billion us has been invested in a mainland so far this year, nearly double the same period in 2015. Outbound this year, nearly double the same period in 2015. 0utbound deals have dropped a0 . Managing i asked how long it could continue. The projection is that the currency outflow issues will last for the first half of 2017 and there will be a pickup Going Forward after the outflow issues have been curtailed a bit. Certainly it is in chinas interest not to clamp down to tightly on all of the Outbound Investments of the market players. It is speculated that later in the ye
Report. Feast or famine . Its budget day in the uk, with the chancellor poised to deliver an upbeat speech. But how much money has he got to hand out and who will get it . And what does the boss of Renault Nissan think about brexit now . He gets a grilling from simonjack at the Geneva Motor Show. Welcome to World Business report. Im sally bundock. Also in the programme, a Chinese Telecoms Company gets slammed with the biggest fine ever by the us for braking Sanctions Against Iran and north korea. Rico has more on that. But first the chancellor of the exchequer, or uk finance minister, will deliver the countrys final budget before the government triggers article 50 and britain begins its negotiations to leave the european union. Despite the ongoing uncertainty over brexit, Philip Hammond received an Eve Of Budget Boost from the organisation for economic co operation and development. It now expects growth in the uk of 1. 6 this year, up from its previous estimate of 1. 2 . In theory this
Week ago. Eight crowd. A crowd. Fixing a financial meltdown. Samsung electronics looks to rebuild its reputation with its first new smart phone since the exploding battery scandal. Good morning. Glad you could join us for this edition of Asia Business report. We start with toshiba and shares are down less than 1 toshiba and shares are down less than1 in toshiba and shares are down less than 1 in tokyo trade news overnight that it is us unit westinghouse filed for bankruptcy protection. Investors are waiting as Shareholder Meeting due to start shortly. Toshiba are now warns that the delos mao may widen to over 1 billion us because of the problems of westinghouse. It has twice delayed reporting earnings until april 11. And toshiba shares have lost over 60 since it first acknowledged that the problems in december. The Japanese Firm may now look to sell a Majority Stake in westinghouse. Earlier i spoke to rupert in tokyo. I asked him how ha rd rupert in tokyo. I asked him how hard it will