In the woodthorpe area on monday and died soon afterwards. President obama says good buy. We discussed his economic legacy in asia. Trump says hello. We look at possible Conflict Of Interests. Good morning, asia, hello, world. It is a wednesday. Glad you could join us. As president barack obama prepares to deliver is Farewell Message in chicago in less than an hour s time, in asia we are reflecting what his eight years in office did for the region. A signature free trade deal, the Pacific Partnership will be scrapped by donald trump. I spoke to senior economist. If you look at trade, for examples, trade between developing asia and the us, it increased by a 30 by 2010 and 2015. Of course, part of this is explained by the economic recovery but it is a positive sign none the less. The official effort to deepen ties, is the Free Trade Agreement which will celebrate its fifth anniversary this year. Increase in trade between the us and asia and a rise in investment in us business but there i
And World Business report. As donald trump gets ever closer to the white house, will he heed calls to step down from his vast Business Empire once he becomes us president and put his assets in a blind trust . And where in the world will there be growth in 2017 . The World Bank Says brazil and russia will prosper despite the shadow of uncertainty from the United States. Welcome to World Business report. Im sally bundock. Also in the programme vw is on the verge of parking the Emissions Scandal in the United States. Details in just Emissions Scandal in the United States. Details injust a moment. In the last few hours weve heard President Obamas Farewell Speech with just over a week left in charge of the worlds biggest economy. Later today his successor donald trump will give a long awaited press conference, his first since winning the white house in november. And there are still questions about how he will separate himself from his vast Business Interests. In his latest disclosure, the P
E. On looking at earnings. And release of unemployment and wage growth data in the next 30 minutes. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Good morning, everyone. Lets have a look at how the markets are trading. The stoxx europe 600 index, higher by around 0. 4 . Were pretty much range bound and recovering from the steep losses that weve seen over st the last two weeks. We did get a couple of earnings reports out this morning, which were modestly positive. E. On being one of them. The ftse 100 a little cautious ahead of the boe report, the wage data. Well get do that in 30 minutes type. The xetra dax, up by 0. 8 . A lot of focus on the Renewables Business and the ftse mib in italy trending higher around 0. 6 . Lets have a look at the currency markets where the euro dollar is not too far away from the ninemonth low. Down by 0. 1 . Dollar seeing a rebound against the japanese yen. The yen taking that dismal Second Quarter gdp number
Tell, obviously. He has just now passed away, and under their constitution the costs for them to hold elections within 30 days because he never stood for an and until we see the outcome of that election and in particular we see how organized the opposition parties may be able to get themselves together for the election. Its going to be hard to tell what the immediate affect will be. And whether his successor chooses to carry on his programs and in particular the focus of his programs and the alliances that he established, or whether they choose to broaden out their perspectives. And i think at this stage it is very difficult to tell what the successor may choose to do. He nationalized the oil industry in venezuela. Well, he, they always had a national oil company. When he took over he did narrow the scope of the holdings of International Oil companies, changed the contracts. And invited us to either accept the new contracts or to leave the country. And i accepted his invitation to leav
Tell, obviously. He has just now passed away, and under their constitution the costs for them to hold elections within 30 days because he never stood for an and until we see the outcome of that election and in particular we see how organized the opposition parties may be able to get themselves together for the election. Its going to be hard to tell what the immediate affect will be. And whether his successor chooses to carry on his programs and in particular the focus of his programs and the alliances that he established, or whether they choose to broaden out their perspectives. And i think at this stage it is very difficult to tell what the successor may choose to do. He nationalized the oil industry in venezuela. Well, he, they always had a national oil company. When he took over he did narrow the scope of the holdings of International Oil companies, changed the contracts. And invited us to either accept the new contracts or to leave the country. And i accepted his invitation to leav