Member ricketts for his remarks. Thank you med and chair. Thank you assistant secretary and fellow nebraskan jim obrien for being here with us today. The black sea is becoming a Gravitational Center for europes future and is yet another important theater in the great competition us in the peoples republic of china. The war and ukraine is put a spotlight on the region as part of the frontline of this battle against russias aggression. Putin would like Nothing Better than to turn the black sea into a russian lake and its airspace into a nofly zone. Encouragingly recent attacks in crimea have put russias black sea fleet into retreat in the maritime dominance. So much so its not looking for two friends for a new naval base. Georgia must be unequivocal bull in its rejection of the power play into its sovereign territory. What russia is excited to weaponize food supply after withdrawal for the black Sea Green Initiative grain is once again proven to be resilience. During the western black se
Rishaad tariffs on washing machines, the reaction reverberating this morning. Lets take a look at whats happening. It definitely doesnt favor u. S. Solar firms, chiefly. Lets have a look at this chart on the bloomberg. Yellow line showing what has been happening first with solar for the last year, about 104 moved to the upside. One of the Biggest Solar Companies in china showing a a whole but appears as pretty much flat in the last 12 months. This is after concrete evidence to support trade agencies finding chinese imports harm the domestic market in the u. S. , according to the u. S. Court of appeals for the federal circuit. As a result, we are seeing reaction to all this playing out. And saying what they feel about, saying they will put some tariffs on u. S. Imports as well. Haidi we are hearing from the sayinginistry in seoul, they requested from the wto to put a stop to the trade concessions to the u. S. Solar is one part, and washing machines are the other. Samsung stocks falling,
Now on bbc news all the latest Business News live from singapore. Japans Prime Minister visits india to launch a 70 billion balde trade project. Fast food fight after mcdonalds officially terminates its Franchise Agreement putting thousands of jobs Franchise Agreement putting thousands ofjobs at stake. Good morning, asia, hello, world. Glad you could join us. We start off with the japanese Prime Minister visiting india and the home state of Prime Minister modi. He will be laying the foundations for india pars mac first bullet train system. It uses Japanese Technology to connect more bite, the country s financial hub, with industrial city. Japan is providing 80 of the funding for the 17 billion dollar project. During his visit, shinzo abe is expecting a decision over a decision on aircraft. I spoke to an expert to see what kind of diplomacy shinzo abe is using. It is a colonial or a legacy and it is very old and recently there have been a spate of accidents so it is a whole new kind of
The second hour of daybreak asia, coming to you live from bloombergs asian headquarters. It is just after 8 00 a. M. Its just after 7 00 here in new york. I am betty liu. In termsof a lead and of equities. We did jump back from the lows. Investors are taking a wait and see attitude before the jobs report on friday here in the u. S. It seems like the dollar is really helping the move, especially dollaryen. Lets get to the market open with david. Talk about dollaryen quickly. The today chart, as you can see, its rarely clear that the rates should all be shifting to the upside. Thats what traders are telling us at the moment. There is some upside risk ahead of the jobs report later on today. About 30 minutes back you might want to watch this 11562 there. Thats towards the maximum range. We could see more buying. That has really spurred a lot of these models back into action, more money coming in. , 115. 13 is your level now. Looking at the open in tokyo and seoul. We will talk about more
Along. There was a reaction yesterday to the fed raising rates in what scarlet is calling a dovish height. A dovish hike. Reaction, but today we see a little bit of a downturn in major averages. Stocks back to their holding pattern. 105 sessions know without a drop of at least 1 in the s p 500. Gopro is moving sharply higher after the company unveiled another round of job cuts. Fulltime and open positions are being cut. The company says it will be cutting expenses. Analysts largely positive, but they still wonder where the growth will come from for the company. Gopro shares up 13 . They are listing fitbit, as well. We are also watching momentum stocks, including tesla. The companys elon musk says he needs to raise about 1. 50 1 million more to bring the more affordable model 3 to market he needs to raise about 1. 51 million more. You normally see a drop and chairs, but because this raise was smaller than projected, we as somees jump, even analysts say the company will still need to rai