Thanks to the demand for the galaxy smartphone. Position foring ipos and southeast asia, raising more than 1 billion in the first half. Thailand was the third. You can let us know what you think by following me on twitter. Dont forget to include the trendingbusiness. Singapore and taiwan have just come online. David malaysia is closed today. Singapore opening to a mixed basket. We are up a fifth of 1 . Still weighed down by valoryen. I think that is the story. We have been moving sideways since brexit. Dollaryen is the most important to keep in mind. We went about that ever so slightly. The dollar is weak or by a third of 1 . Modest. Keeping gains look at that. A few minutes before we get that fixing. I wonder what w they know that we dont. ,ave a look at 10 year yields the opposite of what we saw this week, yields coming back a little bit. Still alltime lows here. We had the minutes from the fed meeting overnight, showing are looking at two factors, the may jobs data and brexit. This
Revised downward from 0. 3 to minus 0. 7 . The chinese economy continues to face weak demand at home and abroad. Exports fell in may. Thats two months in a row of year on year declines. Imports dropped for the 19th straight month. Chinas customs Authorities Say total trading value for may came to about 312 billion. Thats down 2. 6 from the same month last year. Exports totaled 181 billion down about 4 from a year earlier. Imports fell 0. 4 to 131 billion. The Chinese Government has been promoting Structural Reforms such as reducing the overproduction of steel and other products. Analysts say there is a danger such measures could damp be Domestic Production and consumption. Foreign demand has been sluggish due to the Global Economic slowdown. Checking the markets. Tokyo shares end in the positive for a second day despite a slightly stronger yen. For the details we go to our Business Reporter giang nguyen at the tokyo stock exchange. The slight upward revision of japans gdp did little to
Him. He had a narrow escape. On the southeast coast, a lighthouse was washed away. Translator its frightening to discover the whole lighthouse had gone. I havent seen such high waves for years. Taiwanese Authorities Say 12 people were injured and 1 is missing. They also say about 860,000 households suffered power cuts at one point. More than 750 millimeters of rain was recorded in mountainous areas, thats mountainous regions in the south. Weather Officials Say meranti is moving northward. Our meteorologist robert speta joins us now with more on that storm. Yes, some pretty incredible footage coming out of southern taiwan where they were impacted by this storm system. We had winds gusting at times well over 200 Kilometers Per Hour, plus were looking at that threat of heavy rainfall still continuing out here. In fact, in total, a few locations have seen about 830 millimeters. Now, i do want to mention taiwan because of these high amounts of precipitation. It really squeezed out a lot of
Translator we understand the development of the far east region is one of russias most urgent priorities. We will enhance cooperation between our countries in the region. Translator i think it is very important for the governments to support Business Development between the two countries. Were seriously examining various proposals japan offered us in may. Abes focusing on those proposals which include Energy Development and industrial assistance in the far east. Abe will also focus on how to conclude a peace treaty. The countries havent signed one since the end of world war ii because of a dispute over four russian controlled islands known in japan as the northern territories. Tokyo maintains theyre an inherent part of japan. Abe hopes the meetings will build trust between him and putin and help make progress on solving the territorial issue. Sources tell nhk theyve agreed to putin visits to japan to hold another round of talks in yamaguchi, abes hometown. The issue of the northern ter
The typhoon also dealt a blow to a key regional industry, potato farming. A processing facility in the town of minamifurano is completely flooded. A nearby river overflowed sending muddy water into its buildings and destroying potato products. Its not clear when operations can be resumed. The storm also left damage on the korean peninsula. Chinese media suggests that flooding along the countrys border areas with north korea may have also caused heavy damage in the north. Typhoon lionrock unleashed heavy rain from late august in chinas Northeastern Region along the border with north korea. Media reports say the storm caused the crossborder tumen river to overflow its banks. Staterun China Central television says chinese rescuers in the province saved three north korean citizens who had been trapped by the floods. A rescued woman said she had almost given up hope. She expressed gratitude for being rescued. Chinese microblogging site weibo has obtained a photo of north korea said to have