I am paul allen in sydney. We have some breaking news right now on south korea. We are awaiting the bok decision. Industrial output for october, down 1. 1 in industrial output month on month. Year for october, down 5. 9 . Expectations were for a continued rebound in industrial output. Not great on year, so news at all for the south korean economy, industrial output had been on the rise of wing to the export of electronics and other items. Have a bit of the damper may be countering some of the opinions that the bank will raise Interest Rates this morning. We will introduce more uncertainty in that decision. Markets seem to have priced it in. We will wait and see what happens when we do get the results of the bank of korea Board Meeting later on. Running ints up and the asiapacific. Lets take a look at new zealand. Off. 3 . The kiwi dollar little changed against the greenback. Trading just getting underway and australia. Not too many stocks online at the moment. We are seeing a little bi
Commission into the financial industry, the bid for say it it is vital tosay it rebuild public trust. Rishaad a range of new sanctions with chinas xi jinping. Di and the white house the administration can influence the bank as few have ever before. Straight to breaking news we have got some from china now. Stronger than expected for manufacturing. 51. 8. Looking at 51. 7. Manufacturing. R nonmanufacturing pmi summer than octobers number, 54. 3 pmi for november. 50 is the breaking line between contraction and expansion. Been faster than had expected by the economists cured perhaps the readthrough of this faringchinese economy is better than expected. Stability being a watchword. Better than stability. We have something and can do stability pretty good. That is what we have a moment. Let us see what has been going on in the south. Range itscted to benchmark rate for the first 2011. Ince t Stephen Engle is in seoul for that centralbank meeting and we expect comments out of the governor of
The. Stories about people making a difference shaping their nation. And their continent africa on the move stories about a motivational change makers taking their destinies into their own hands d. W. Is a new multimedia series. D w dot com africa on the move. Is there a trade war in there over steel ministers of the g twenty the only c. D. R. Meeting in berlin to discuss overproduction dumping prices and tariffs but china seems reluctant to play nice. And its the biggest german i. P. O. In twenty years siemens will be listing its medical equipment business at the Frankfurt Stock Exchange next year. And after years of criticism australia is banks will finally be scrutinised by an independent inquiry. This is d. W. Business im in berlin trade ministers from g twenty countries have gathered here in berlin to avert an all out trade war over steel and as they say with regard to relationships its complicated china is under fire for throwing cheap steel on to World Markets to deal with its ov
Our correspondent in seoul also coming up. When friends for laos u. S. President donald trump attacks british Prime Minister is a may he tells how to deal with radical islamic terrorism in the United Kingdom this often made spokesman criticized strong for repeating his double for because videos. And giving Young Africans a Better Future at home so that they dont make the dangerous journey to europe thats at the heart of the song thats between leaders of the e. U. And the african union. Hello and welcome im a touchy. The u. S. Says war north koreas leaders that they will be utterly destroyed should tensions over the countrys Weapons Program break out into war north korean state media claims this photo shows pyongyangs latest missile test launch two days ago observers say it is north koreas most advanced Intercontinental Ballistic Missile to date and that this rocket can hit any city in the u. S. Including washington d. C. The trumpet ministration has also threatened new sanctions and pr
Chances of an agreement at todays conference are slim heres what she had to say. If we do not find a resolution today i think we will miss a great opportunity because we must always remember it is a good reason why the countries of the g twenty is set up the global forum global challenges need global answers. And there are talks about another important commodity going on in vienna today where members of the opec cartel are currently discussing to extend the cap on global all supplies for the next nine months the current agreement limits the Oil Production to over thirty two Million Barrels a day it runs out in march russia and other non opec Oil Producing countries are attending the meeting as well sources told the Reuters News Agency that opec and its allies are set to extend the output cutting deal. Australias big banks have come under pressure in recent years over a string of scandals the government have until now resisted the call for an independent inquiry but also a growing choru