Questioning their own victims. Now on bbc news, all the latest Business News live from singapore. Us President Elect donald trump Pics On Japanese car maker us President Elect donald trump pics onjapanese car maker toyota for its plans to build a new plant in mexico. And a new gadget for cyclists, one that tracks your performance while keeping your eyes on the road. Hello and welcome to Asia Business report. Shares of japanese car maker toyota are down1. 5 shares of japanese car maker toyota are down 1. 5 right now after tumbling 3 earlier this morning. This comes after President Elect donald trump tweeted that if toyota goes ahead with plans to build a new plant in mexico, especially for its corolla car model, instead of the us, then it faces a big border tax when it ships cars north. Toyota announced in april that it would build a 1 billion macro carolla factory in mexico. I asked if there had been any reaction to that latest tweet. Toyota was quick to respond to the latest tweet by
Mode. Well tell you why. And. Can economists be compared to Weather Forecasters when it comes to prediciting the future . Our economics editor kamal ahmed will be here with that and a look back at the rest of the business week. And following the impact of Donald Trumps toyota tweet, we want to know whats the biggest twitter storm youve ever sparked 7 just use the hashtag bbcbizlive. We start with samsung because in the last few hours the South Korean Tech Giant has said its on track for the best quarterly profits in more than three years. Its a major boost for the company after the exploding Smartphone Scandal that put a serious dent in its reputation. In the three months to the end of december, samsung is forecasting profits of 7. 8 billion. Thats up by half on the same period last year, much better than expected and the best quarter since mid 2013. That might come as a surprise, as we know samsung was forced to scrap its top of the range phone, the galaxy note 7, after a spate of exp
And the markets still loving President Trumps pro growth drive of tax cuts, big spending and deregulation. And as the head of bt europe resigns over an Accounting Scandal, well be getting the inside track from our business editor, simonjack, on that and all the rest of the stories hes been covering this week. After ten years of almost constant growth, the sales of soft sugary drinks in australian supermarkets has fallen by more than 60 million. We want to know are you more aware of sugar, and is it changing the way you shop . Just use bbcbizlive. Welcome to the programme. We start in the us, where, as you have been hearing, uk Prime Minister theresa may will become the first world leader to meet President Trump when they hold talks later today. Mrs may has called on the president to renew the Special Relationship between the two countries. She is keen to show britain can prosper outside the European Union, so lining up a Post Brexit Trade Deal is high on her agenda. But is it really a
Around the world unite. Lets do business u. S. President donald trump is suing to stop it handing over financial records about the banks dealings with the new York Real Estate mogul Congressional Oversight Committee subpoenaed the documents. For years the job has been from main and sometimes only creditor financing many of his Construction Projects democrats in congress say they want to investigate possible financial ties between trump and russia. Was reportedly concerned about its exposure with trump as he was campaigning for the presidency and now says it is fully cooperating with congressional committees in washington. To frankfurt where doj is based and our financial correspondent. The president suing this this is very interesting and also would have to be georges biggest nightmare come
true. Well its certainly a big nightmare if not the biggest nightmare coming true well you cant really see what the biggest nightmare when it comes to do it your bank but it has been a loyal lender
Chinese tourists have discovered the high seas and their goods to demand for big and even bigger cruise ships. This is business. As welcome another front seems to open in the global trade war south korea is now seeking help from the United States in its dispute with japan the japanese government has imposed imposed export restrictions on some products bound for south korea after seoul called on tokyo to compensate forced laborers on the 2nd world war that has led to a public backlash against japanese products in South Korea Seoul has warned the u. S. Trade curbs Will Hurt Tech Firms Around The World materials affected are key to making memory chips and smartphone springs. Lets bring in our financial correspondent Chelsea Delaney whos standing by in frankfurt chelsea how bad is this Will Consumers have to worry about getting their hands on a smartphone anytime soon. Well i think if you are planning on buying
a smartphone this year should maybe reconsider but as you said you know these c