Leaving thousands ofjobs at risk. Ministers have ordered a fast track investigation into its directors. Now on bbc news, all the latest Business News live from singapore. Us banking giants taking major financial hits from President Trumps new tax reform programme. And australias pokie problem tops the list of the largest gambling losses in the world. Good morning, asia. Hello, world. Its a wednesday. Welcome to another edition of Asia Business report. Im rico hizon. We start off with the us burning season. Some of americas biggest banks are putting this week. Likely announce large one time charges in the fourth quarter. That will surely erode their profitability. That is a result of President Trumps tax overhaul at the end of last year. I am joined by marika oi. Last weekjp morgan showed better than normal earnings, but are taking a hit. It is a similar story with city, also reporting overnight. If you are wondering, wasnt the tax reform of President Trump supposedly good for big corpo
Im stephen sackur. New year, same old donald trump. Not a day goes by without a new media storm over a president ial comment, tweet or announcement that had democrats decrying him as unfit for office and republicans, well. What what do republicans feel and do about their de facto party leader . My guest is Michael Steele, a former chairman of the Republican National committee. Should the party stand with or dump trump . Michael steele, welcome to hardtalk. Its good to be here, yeah. Great to have you here. I want to take you back to that day in november 2016 when it became clear donald trump was going to be the next president of the United States. For you, as a long and loyal republican, how did you feel . I guess the emotion would be, here we go. Lets strap in, get ready. Because i knew id worked with donald trump in the past, i know what kind of campaign, obviously, he had run over the past 1. 5 years, and had predicted his eventual win earlier on. But if i may say so, not in neutral
And 4pm in vancouver, where Foreign Ministers from 20 countries are meeting to try to exert concerted pressure on north korea to give up its nuclear ambitions. The group is made up solely of countries which were involved in the korean war more than half a century ago, which means that two Key International players, russia and china, are not there. Barbara plett usher has the latest from canada. Members of an exclusive and its your club have gathered again. These other states that sent troops and aid to help the un effort in the 19505 aid to help the un effort in the 1950s korean war. Now they want to show solidarity in the face of a modern day korean threat. Missing from the guest list was china, an enemy in the 1950s war, but now a crucial ally in confronting pyongyang. The absence left many wondering what could really be achieved. And recent talks between north and south korea have eased tensions on the peninsular so the question was how ministers here would respond. The us took a to
Foreign ministers from 20 countries have been meeting in canada to try to exert concerted pressure on north korea to give up its nuclear ambitions. The group is made up solely of countries which were involved in the korean war more than half a century ago, but two Key International players, north koreas neighbours russia and china, are not there. At a news conference, Rex Tillerson said the us is open to talks with north korea but only if it stops its threatening behaviour. The United States has always been open to clear messages with north korea, and we have sent north korea clear messages that we are ready for serious negotiations. North korea knows that channels are open and they know where to find us. But a sustained cessation of north koreas threatening behaviour is necessary. Is a necessary indicator of whether the regime is ready to pursue a peaceful diplomatic resolution to the Security Threat that it has created. Our nations must remain united on sustaining pressure until nort
Glad you could join us. Its 8am in singapore, midnight in london, and 4pm in vancouver, where Foreign Ministers from 20 countries are meeting, to try to exert concerted pressure on north korea to give up its nuclear ambitions. The group is made up solely of countries which were involved in the korean war more than half a century ago, which means that two Key International players, russia and china, are not there. Barbara plett usher has the latest from canada. Members of an exclusive club have gathered again. These are the states that sent troops and aid to help the un effort in the 1950s korean war. Now they want to show solidarity in the face of a modern day korean threat. Missing from the guest list was china, an enemy in the 1950s war, but now a crucial ally in confronting pyongyang. The absence left many wondering what could really be achieved. And recent talks between north and south korea have eased tensions on the peninsula, so the question was how ministers here would respond.