Abe and prudent talk about territory. Putin talk about territory. Rishaad the dollar is surging over levels havent seen in 14 years. We might be even weaker than that. Ophie the dollaryen was high i did look at jgb, 10 year highest since january. Rishaad gold also slumping, so this is what we have. Sophie lets take a look at how markets are doing today. Haidi the big ones are china, when we get the yuan today. Look at the bond market, the 10 year yield in china spiking the most on record. There are pretty significant moves in income, the 10 year yield on the japanese government bonds surging 0. 2 . That was the highest yield we have seen since january when they went into territory negative territory. The 16 is continuing to play out across asian markets. This is what we are seeing. Singapore stocks are coming online, 0. 3 higher. Withd a very strong day nonoil domestic imports. 11. 5 ,exports jumping and we were expecting a decline of 0. 2 electronics, climbing though the highest in ov
The asx 200. 3 , a fresh record high. Now holding at levels we have not seen since august 5 last year. From consumert stocks today, also real estate. Yesterday was the material players, a switch out there, but some weakness from emerging markets and hong kong. Development stocks are in focus today. See there are only two stocks out of the 50 listed in the black. Elsewhere, insurance players , oil holdinge steady around 53 a barrel, weakness in the shanghai market. Willing to putot money back into equities ahead of the end of the year. The offshore renminbi weaker following the pboc fix today. You are seeing the yen flat after hitting that 10 month low against the dollar, 117 handle. , aterms of the commodities boost in the aussie around. 2 , emerging Market Countries being sold off, so a Dollar Strength story. Down. 2 percent, but mixed in terms of the overall equity picture today. Lets get to first word News Headlines with sophie kamaruddin. Aramco will continue to explore an ipo in j
Financial news with aaron. And World Business report. A new clear nightmare 3 billion wiped off the value of the japanese tech giant toshiba, after it buys a us Power Business that turns out to be not so powerful. Beating the giants at their own game we visit the man who couldnt wait for the Electronics Industry to come up with usable Smart Home Solutions so, he built his own. Welcome to World Business report. Im aaron heslehurst. Well, happy. What do you say between christmas and new year . Anyway hopefully we have a bite size look at finance. Shares of the Japanese Technology giant toshiba took another massive hit this morning falling 20 thats the maximum allowed before the Stock Exchange suspends all trading. The value lost off the company today is nearly 3 billion. This follows a 12 drop on tuesday. And its all to do with a not so good purchase toshiba made in the Us Nuclear Power industry. Mariko 0i is in our Asia Business hub in singapore. Good to see you and i hope you had a won
Canceling billions of dollars in projects. It is 8 00 a. M. Across the emirates. I am yousef gamal eldin. Shery i am sherry and in hong kong. Reboundingcross asia following that risk off tone set by the u. S. , the asian benchmark gaining. 3 , but not helped by japan, which has returned from its holiday. ,e are seeing Government Debt tracking those gains in u. S. Treasuries, and i understand you are taking a look at that as well. Yousef you understand correctly. That is what i am looking at. We have brexit, which spurred the demand for safe havens. Into perspective when it comes to 10 year treasury yields, it tells a different story. This chart goes back to 1985, younger than i am, and we are in a classic textbook a story of a bear market. Quarterlyll below the resistance line, so we need to go over that to break through that, so you are looking at two point 38 , and you need 2. 8 to break through that line, and that will be by the end of march, which analysts are saying something comp
A dodgy situation. Dieselgate two . Or just a misunderstanding . Us watchdogs accuse Fiat Chrysler over its emissions software. The boss calls it absolute nonsense. Plus, is it a console, ora hand held . Nintendo takes on sony, microsoft and Mobile Phones with its new hybrid device. But can it convince gamers to switch . Welcome to World Business report. Im aaron heslehurst. We will be talking to a tech guru about that latest nintendo gadget in a moment. But first we start in the us, where car giant, Fiat Chrysler, is denying it faces its own dieselgate scandal, just a day after volkswagen was fined more than 4 billion for cheating emissions tests. The us regulator, the Environmental Protection agency, is accusing Fiat Chrysler of failing to disclose emissions software, at least eight different types, installed in thousands of its diesel vehicles. It says the software allowed the cars to exceed pollution limits, and pump out higher levels of harmful nitrogen dioxide. But the companys b