Now on bbc news, all the latest Business News live from singapore. After months of tough talk, President Trump now says he will not label china currency manipulator. And we are tracking this Food Delivery Service on the streets of San Francisco. Welcome to Asia Business report, i am Sharanjit Leyl business report, i am Sharanjit Leyl. Us President Donald Trump says his administration will not label china currency manipulator. It is a stunning reversal from one china currency manipulator. It is a stunning reversalfrom one of his key Election Campaign promises. Mr trump told the Wall Streetjournal that he changed his mind because china has not been manipulating its currency recently, and that doing so jeopardise talks with beijing about how to deal with north korea. Earlier i spoke to an economist about whether the us president was softening his trade stance on china. In the past, china has arguably used currency to push its trade policy. They have moved away from that over the past year
Can americas Banking Giants back their sky high share prices with sky high profits . Plus, scooter boys beware why your Takeaway Food could soon be arriving by robot. Im aaron heslehurst. Welcome to World Business report. Lots going on. If you give me about eight minutes i will give you a snapshot of all the latest in the world of his ascent of money. World of his ascent of money. World of his ascent of money. World of business. Also coming up, more surprises from President Trump as he eases Trade Tensions with china. We start on wall street, where its a hugely important day for investors. Now we know the share prices of banks have soared in the months following President Trumps election, led by americas biggest banks, which are up by almost 25 . But in recent weeks doubts have been creeping in, rattling the markets. Today we get First Quarter results from the biggest us bank, jp morgan chase, and later from its rival citigroup. Theyre the first of a barrage of reports from americas bi
Referendum on President Trumps 100 days. And, it wouldnt be easter without the white house egg roll. The tradition lives on under a new administration. Welcome to the programme im katty kay in washington, Christian Frasers in london. Donald trump says north korea has to behave. Speaking in the rather incongruous setting of the white house Easter Egg Roll, the president added only that youll see how the us decides to respond to north koreas latest provocation. His Vice President , mike pence, was firmer, suggesting americas patience is wearing thin. Two days after a failed Missile Launch mr pence stood at the edge of the most heavily militarized border on the planet and stared across at the communist north korean soldiers. And they stared back, taking pictures of the white house delegation that was barely 30 metres away. For mike pence this was an emotional trip. His father edward fought in the korean war and was awarded the bronze star for his service. Today almost 64 years on, the two
former u.s. snoenator from main. senator, i ve never seen any conditions like this. i have never heard of meetings like this. you ve been at this longer than most people i know. have you ever in a meeting where somebody referred to a president as a moron? no. i think it s most unfortunate. but, lawrence, that segment demonstrated we are at a dangerous moment in our history. the president made many controversial statements during the presidential campaign, many of which he s reversed. nato obsolete. now he s for it. was going to brand china currency manipulator the first day. he hasn t done so. the statement that concerned me the most is when he said it might be a good thing if south korea, japan and saudi arabia got a nuclear weapon.
and that president publicly describes the meeting as great? this may be one of many such meetings that republican chairman of the foreign relations committee says he has heard about that have led him to this conclusion. i think secretary tillerson, secretary mattis, and chief of staff kelly are those people that help separate our country from kay why is. and this week senator bob corker described the trump president s chaos as putting us on the path to world war iii. joining us now, george mitchell, former u.s. senator from maine. senator, i ve never seen any conditions like this. i have never heard of meetings like this. you ve been at this longer than most people i know. have you ever in a meeting where somebody referred to a president as a moron? no. i think it s most unfortunate. but, lawrence, that segment demonstrated we are at a dangerous moment in our history. the president made many controversial statements during the presidential campaign, many of which he s reversed. n