more now on the day ahead in the uk, and we could know as early as this afternoon who the next leader of the conservative party is and therefore our prime minister. as you ve been hearing, borisjohnson has pulled out of the contest, saying the time isn t right and would not lead to much needed party unity. this leaves two contenders former chancellor rishi sunak and the leader of the house of commons, penny mordaunt, with mr sunak currently the front runner. by 2pm this afternoon if penny mordaunt hasn t got 100 backers or more, then rishi sunak is in post. if both candidates are still in play, then mps vote to state their preference. let s take a look at how the markets are trading today during asian time. we have the dollar versus again, i was hoping to show you the pound but the detail is not on that particular screen, when i looked at it months ago the pound was buying just over $1 13 cents, fairly steady versus the dollar and up slightly versus euro. joining me now is
A ao year old man handed himself into police in bournemouth. Now on bbc news, all the latest Business News live from singapore. Facebooks revenues beat expectations. Now the Social Media Giant is promising to tackle violent content. And find out why this young entrepreneur says rick first is the best and the worst time of his day says it first. Good morning. Glad you could join us for this thursday edition of Asia Business report. The Social Media Giant facebook reported an 8 billion in quarterly revenues, fuelled by strong growth in its mobile advertising business. It says 1. 94 mobile advertising business. It says 1. 91; billion people are now using facebook and thats up 17 from one year ago. Facebook has given us a taste of what it might do with some of its earnings. The company promised to hire 3000 new people to monitor and remove violent content. Earlier i spoke to our north America Technology correspondent and asked what facebook hopes to gain from this move. One of the big clou
Indonesia changes its tune on mining exports, relaxing two year ban. And how the art world has lost its lustre, as buyers from china shy away. Good morning asia, hello world. It is a friday, almost a weekend. Glad you could join us for this edition of Asia Business report. I am this edition of Asia Business report. Iam rico this edition of Asia Business report. I am rico hizon. This edition of Asia Business report. Iam rico hizon. We this edition of Asia Business report. I am rico hizon. We start off with indonesia where the government has done an about face on its ban on raw mineral exports. Indonesia will now allow exports of more unprocessed minerals, a big change from two years ago when the government banned most exports to force Mining Companies to process minerals within the country. The president , joko widodo, explained his decision. Translation we need to make sure that our Natural Resources benefit our own people. Thats the founding principle, and oui thats the founding princ
Business news live from singapore. Donald trump and Vladimir Putin speak. Are we about to see big changes in us russian Business Negotiations . And fashion. What leads some asian parents to spend thousands good morning, asia. Hello, world. Welcome to Asia Business report. Its a monday. Us president Donald Trumps Immigration Policy has nominated the headlines this weekend. But he also had a Phone Conversation with the russian president , Vladimir Putin, aimed at clawing the frosty relationship. Thrawing. They did not discuss lifting sanctions, apparently. Earlier, i spoke with someone to see if the sanctions have had a major impact on russia. International trade has dropped down from 25 . That is like 136 billion, quite damaging. As a result of the sanctions, has this drawn russia into the arms of other trading nations like china and countries here in asia, for example . With china, it is actually a very big front for international trade. 0ver 90 Billion Us Dollars in trade and import.
Now on bbc news, all the latest Business News live from singapore. Threats of legal challenges and a new warning from businesses over president trumps revised travel ban. Activewear. The Fashion Phenomenon that is grabbing australia by the seat of its pants and is now heading to asia. Good morning, asia. Hello, world. This is Asia Business report. I am rico hizon. Its a tuesday. Us President Donald Trump has signed a new executive order, a scaled back version of his controversial travel ban. It bands new visas for travellers from six mainly muslim countries. Bans. Unlike the current ban, current visa holders are excluded. Some say it could hurt the us economy. The Last Travel Ban was met with a lot of confusion and a lot of misunderstanding about who was actually impacted. This new version of the travel ban certainly has a lot more detail. It is more specific in terms of people who hold green cards, for example. That said, businesses are still expecting that their businesses are going