Now on bbc news, all the latest Business News live from singapore. All that rubbish china bans the import of waste. So where will all of the garbage go and what businesses are most affected . And we look at how china will plans to shake up the oil futures market, but will Foreign Traders buy it . Happy new year, and welcome to Asia Business report live from singapore. Did you know that china has been the biggest importer of foreign rubbish . Everything from paper waste, textiles to used plastic is sent to china for recycling. But not any more. These imports are now banned because beijing is trying to clean up because beijing is trying to clean up the countrys environment and improve public health. But the ban will disrupt billions of dollars in trade. In 2016, china imported 18 billion in waste. From hong kong, Danny Vincent reports. Recycling in hong kong this is where Plastic Waste ends up. Used plastic near and far. Recyclers must change the way waste is processed. Chinas has introd
A fresh week for a lot of markets. Asian equities off to a stronger start. The handoff from the United States in terms of the s p 500 was fresh record highs again. Take a look at global markets. Index up, a selloff in new zealand. Markets in tokyo are closed for a holiday. We dont get much indication there. Australian bonds lower, tracking moves in treasuries. Take a look at the south african currency, downside on the back of comments from authority saying they will take actions to stem moves in the currency. Commodities space, pressure on the metals. We did have that supercharged rally that has ground to a halt in metals. The first weekly drop since december. Aluminum and copper under pressure. Here are some other risk assets to take a look at, including brent crude. We had a rig count showing american rigs falling for the first time in three weeks. Some upside as we speak. , some inflation figures out of the United States , relatively unchanged at 2. 48 . Gold currently at 1320 an ou
At one point, it rose to the highest since july. A slightly stronger, ahead of those gdp numbers. Weiland markets right now, are seeing ties stocks up about one third of 1 . A lot of focus has been on that as china says they will curb. India looks to be a green day. The rupee seeing strength at 63. 89. Haslinda taking a look at currencies, the aussie weakening after rising to fourmonth highs versus the greenback on risk on at 111. 29, up 3 versus the dollar since november. Investor interest in japan stocks. Bitcoin on a trip down. People are beginning to ask what does bitcoin and dotcoms have in common . That plunge spooking some investors. We stay prepared for the worst. We get more on the markets later on. On to theets get first word news. Rose chinas home prices in the most cities in six months in december even as the government prolonged a campaign to curb property speculation. Rose and 70 cities tracked by the government compared with 50 in november. Isis fell in seven cities from
The cornerstone of this years agenda. Im haidi lun. This is daybreak australia. Past 5 00 injust new york. It is just past 5 00 in new york. We had a super selloff of stocks and bonds. This, midst of all of janet yellen given us a very goodbye. Nt poignant i get a little choked up when i think about her leaving. Just to be the numbers quickly. If you rounded off, it was a doubles market. About 60 points. About 145 saying point come nearly 2 as well. They were spooked by the bond market. This sudden realization that the fed is probably going to be on track for at least three rate hikes this year. On friday. Ime, what does this mean for asian market after this big selloff . Haidi the question is whether this is temporary. You keep buying on these opportunities. Is it in and action point an Inflection Point . All 11 sectors retreating. U. S. Dollars during seeing its best week in 2018, after what has been a bad news story. The kiwi dollar at 7291. U. S. Dollar about 9 10 of 1 . Continuing
Unicredit reports its highest Fourth Quarter profit in a decade and rolls out its first Cash Dividend in half a decade. Shares in swiss re spike nearly 6 at the open addres ja softbank looks to invest in the insurer. Insurance is finally a very interesting industry its in a transformation its in a radical revolution the parameters that run the industry and constrained the industry for years no longer exist. And chinese imports surge in january and contributes to the yu yuans worst day in 2 1 2 years. One of the big stories, softbank in talks with swiss re about taking a stake in the company, that sent shares close to the top of the stoxx 600. The deal could be worth around 10 billion and would give the Japanese Firm a onethird stake in the reinsurer swiss re said the talks were at an early stage and theres no certainty any transaction will be agreed. Doesnt seem like investors are seeing it that way Zurich Insurance reported fullyear net profit ahead of expectations the figure came in