The highest ranking executive to leave amidst the 737 max crashes. China isreport saying planning to replace embattled chief executive carrie lam. Australian markets back online. Thats turn to sophie for what to watch and markets. Little australian stocks changed after a twoday gain. Plenty of corporate updates. A potential earnings downgrade looming. They maintained their fiscal guidance in the face of two reports from short seller J Capital Research. On itsnstruments slumped weaker than expected forecast, warning that customers are more cautious in cutting orders. It is back online after the enthronement ceremony. Stocks falling 1. 7 and wellington, led lower by power providers. Rio tinto reviewing options for its aluminum smelter i. The deficit narrowed more than forecast. A quick check on bonds this morning, aussie and he read 10year notes reversing course after a fiveday decline. Treasury futures slightly higher after cash treasuries rallied overnight on brexit uncertainty, which
October and joining us now with more details is r. T. Correspondents our month. So welcome to the show so when these meetings today basically who was at the table and did they get anywhere let me start by saying that the meetings are already affecting the market let me show you what the dow did it sunk basically it really took a steep turn this was an unexpected twist of events Chinese Agriculture officials were scheduled technically to visit u. S. Farm states next week including montana but officials cancer just canceled canceled the trip to montana theyre going to return to china sooner than originally planned u. S. Secretary of agriculture sonny perdue confirmed that these meetings were to provide some or to at least have china build good well with the u. S. Farmers talks began on thursday and they were led by there were 30 chinese. Officials who came to washington d. C. Led by the feisty bice finance minister early on when he met with u. S. Deputy u. S. T. R. Jeffrey garish they we
Leaves our global report today as a modi administrations finance minister announces an 8 percent cut in the base Corporate Tax rate the centex stock markets surge and closed up by more than 5 percent after minister some around the im now 20000000000. 00 policy package indias base Corporate Tax rate was cut 30 percent to 22. 00 companies that do not seek Tax Exemptions will qualify for that base rate while those who do will pay a base rate of 25 percent down from the previous 35 Percent Companies that start out between october of this year and march of 2023 will be offered an even lower base rate of 15 percent and while reaction was positive the sudden and dramatic move by the indian policymakers suggest that they saw a weakening in Economic Indicators that call for such a bold action as indian growth reached its 6 year low tax cuts added to a list of stimulus actions for 29000. 00 that already includes 4 Interest Rate cuts by the reserve bank of india. Meanwhile Prime Minister and the
As always, weve got lots more on oui as always, weve got lots more on our website and we are monitoring what is going on at the emmy awards. Congratulations to phoebe. Now it is time to go to singapore to catch up with the latest Business News from Asia Business report and rico his own. Asia Business report and rico his own. Hizon. Thomas cooks future hangs in the balance. Holidaymakers prepare for the worst amid talks to save the iconic British Travel agent from collapse. How do you, modi trump pushes four deals with india and japan is the trade war with china drags on. Good morning asia, hello world. Its monday, the start of a brand new business week. Glad you could join us business week. Glad you could join us for another exciting addition of Asia Business report. Im rico hizon. Lets begin with the travel industry. One of the worlds oldest holiday companies, thomas cook, is on the brink of collapse. It agreed toa on the brink of collapse. It agreed to a rescue deal with a Chinese In
Move by the indian policymakers suggest that they saw a weakening in Economic Indicators that call for such a bold action as indian growth reached at 6 year low tax cuts added to a list of stimulus actions for 21000. 00 that already includes 4 Interest Rate cuts by the reserve bank of india. Meanwhile Prime Minister Narendra Modi of india is headed to the United States for a weeklong visit that will include an appearance with u. S. President donald trump mr modi will address more than 50000. 00 Indian Americans at an event in our in our g. Studio in Houston Texas the events named modi will also be attended by President Trump as a gesture to cement the relationship between the 2 countries during the trip to the u. S. The 2 World Leaders hope to ease trade tensions between their large economies earlier this year the u. S. Had removed certain trade privileges afforded to india saying the country had not properly opened their markets to u. S. Goods the u. S. Hopes india will be. In electro