Now on bbc news, all the latest Business News live from singapore. Status check. The Banking Regulator in china wants a report card on overseas acquisitions. Kazakhstan is strapping in for what could be a fast ride on chinas one belt, one road expansion. Good morning, asia. Hello, world. Welcome to another edition of Asia Business report. Its a friday. Im sharanjit leyl. Chinas Banking Regulator has ordered a group of lenders to assess the exposure to offshore acquisitions by a handful of companies on a buy spree overseas. They are some of chinas largest, like hna and fulson. I spoke to our shanghai correspondent asking why authorities are so worried. There are two elements to this. They see the acquisitions, a vast 235 Billion Us Dollars last year, they see it as giving a risk to the currency. They dont want that level of capital out of there. And they are worried about big chinese conglomerates raising money in this country. There is a big worry about debt overall in china. Wealth ma
Rest of 2017 . With Central Banks, shifting into neutral. The sweetest central Swedish Central Bank signaling the end sparkhreeyear effort to inflation. We will get a decision at 8 30 a. M. London time. Cash is about to open. We are half an hour away from the stock start of stock trading. We are getting an idea of where we will start the day and the fair value points to a negative start. 51 . Y. 5 of 1 . I want to move on, we will see what the yens reaction to the news, hes of piece of north koreas missile they launched was an icbm. We will see what the experts have to say. But we have got is the yen down up by. 5 of 1 . Interesting to see how this works its way through the session, looks to be firming against the dollar. The aussie dollar is down, some people had anticipated the rba would follow a more hawkish stance. That has not been the case and the aussies down. Begins strengthening now, continuing to strengthen on the back of this news that north korea said it fired an icbm. The
As well. We have base metal seeing some strength today. Easternt 9 00 p. M. Time, President Trump addresses the nation laying out plans for afghanistan and he will hold a rally in arizona tomorrow, the first visit to the state since he was elected. Whole foods will hold a meeting takeovere the acquisition by amazon and thursday, the Kansas City Fed hosts the annual jackson hole economic symposium. Janet yellen and mario draghi are on the schedule for friday. The big event. Lateran the big event this week as the president heads back to washington, d. C. , investors are left guessing what the latest shakeup in the white house means for policy. After the news van and was out, the markets bannon was out, markets initially were up, but then they closed down. Is jan us now for more lloyd, jpmorgans head of global Asset Acquisition what was the message in the price section on friday . Is worried about where policy is going. We are used to politics. When policy gets affected, in particular, ca
Does bend toward justice and i believe that it does, it takes all heart and all hands to keep its path straight and true. My friends, i stand before you today having been blessed beyond compare. But to those who much is given much is required. And so i make these pledges to you here today. Mr. President , i place to you to lead this department of justice with integrity, honor and total dedication of the cause of justice. To the people of the nation, i pledge your protection , your liberties, and your legal rights will be my sacred charge. To the Law Enforcement committee, i pledge this department will be your partner as we work to bring about our highest mission the protection of the people of this great nation. And to all of my colleagues in this department of justice i pledge to always remember the place of justice is a hollowed place and continually strive to be worthy of the trust you have placed in me as we Work Together to uphold the constitution, to protect the american people,
The army field manual, would you comply . Senator, absolutely not. Cant imagine i would be asked that by the president elect. Trump made headlines saying he would restart water boarding. U. S. President elect donald trump has picked a former new york city mayor to advise him on cyber security. A Trump Transition Team statement says Rudy Guiliani was chosen for his expertise in private sector cybersecurity. The statement also says trump will hold meetings with Corporate Executives who have been targeted by the crime. Guilianis appointment follows allegations that Russian Hackers attempted to influence the u. S. Election. Donald trump says he believes the allegations. He calls cyber intrusion the Fastest Growing crime in the u. S. And much of the world. Roughly 3,500 u. S. Army troops began entering poland last week. Polish general said hes confident both troops will be able to carry out missions through joint exercises. Next month u. S. Units will fan out from powe laland and other nati