To European Markets opening up, and the close in asia saw significant gains in Hong Kong and japan. The picture there is across the world, that is last night but this is what we are drawing our attention to here, the Hang Seng up by almost 4 and then Ak Injapan up by 3 as well. For more, joining me now is rory green, chief China Economist at t5 lombard. How significant are the new measures . It isa it is a significant Step Up in stimulus from beijing. What we have had announced so far, and we have got clarity on the monetary Side And Today the Politburo Set for september gave us an indication, we do not yet know the size of a fiscal stimulus and that will be crucial to assess the acceleration of growth. As you touched on, until traders are loving these signs and china assets are ripping higher. Observers have been saying for quite some time that beijing needs to do something dramatic to stimulate its economy. Why has it waited so long or until this point to do so . It has it waited so
Are you taking a break from the booze after the excesses of the Festive Season . Well meet one man who hopes to turn abstinence into a business opportunity. But can non alcoholic drinks really take over from The Real Thing . During yesterdays metro strike in london, uber prices surged by up to 500 . Are companies right to reflect increased demand . Or do price hikes leave you feeling ripped off . Let us know what you think. Welcome to the programme. There are just a couple of weeks of Barack Obamas presidency remaining, and later today he gives his big farewell speech. As well as being commander in chief hes also overseen the worlds biggest economy for the last eight years. But what kind of legacy has he left . Well, since his inauguration injanuary 2009 more than 11 million jobs have been added, with the Unemployment Rate falling from 7. 8 to 4. 7 . It peaked at 10. 0 in 0bamas first year in power. The typical American Family brings home nearly 54,000 a year. Thats almost exactly the
we ve seen some recovery. certainly for hong kong. the hana certainly for hong kong. the hang seng certainly for hong kong. the hang seng up certainly for hong kong. the hang seng up by certainly for hong kong. tip; hang seng up by 1.3%. certainly for hong kong.- hang seng up by 1.3%. japan down a touch but also the price of oil falling significantly as china is one of the world s biggest importers of oil. joining me now is our asia business correspondent, mariko oi. talk us through the impact this lockdown may have. it talk us through the impact this lockdown may have. lockdown may have. it will be uuite lockdown may have. it will be quite significant, lockdown may have. it will be quite significant, because - lockdown may have. it will be quite significant, because we| quite significant, because we are talking about china s commercial capital with some 25 million people. up until now, authorities really trying hard to avoid locking down the city. instead they have been tryin
highs again following the announcements we got on the federal reserve, the fourth record close in a row for the dow and 15 over the nasdaq and the borders market, the s&p so investors are relieved that there seems to be no rush to raise interest rates in the us. let s show you what is happening now in asia as well, we are not surprising to see a continuation of the gains in wall street, japan up by almost 1% and hong kong s hang seng up by a third of a percent. you can see the price of rent crew there, $81, so there you have it, that is the end of the day on wall street. another record close. it would seem the appetite for buying equities is not waning at all, despite some of the gloomier news we are getting about the outlook, certainly with regards to the crisis in terms of the climate. you are up to date on all the
as the u.s., iran and five other world powers get ready to hold talks this month on a final nuclear agreement. the u.s. sanction islamic republic of iran broadcasting last year, saying it blocked foreign channels and distorted its programming. twitter making plans today to possibly sue the obama administration over just what it can disclose about government surveillance requests. this days after other tech companies agreed to a deal that restricts how much they can say about those inquiries. twitter s legal chief has posted online that the deal is not transparent enough and its users deserve to know more about what the government is asking for. asian markets ending the week stronger. japan regaining some of the huge losses from earlier this week. the nikkei up 2%, hang seng up, gains in london as well, very minor gains this hour in london. yesterday, that s what the dow looked like at the closing bell yesterday. biggest gain of the year for the most closely watched batches of stock