Both up this morning crude oil, it is still hanging in there right below that 50 mark, of course and theres brent crude as well. Lets get to the road map. It does start with that market coming off a record breaking rally. The question of course, will it continue and big changes at ge the new ceo making his mark on the company as a new investor joins the board. A nail in the could have infor tax reform a top gop senator warns that President Trump threatens world war iii. The markets looking to continue its record run with the dow and s p in the midst of a fourweek winning streak but Technology Closing on friday at the new record high. Bar beingiring a large selloffe trump dow rally ochb track to surpass the 23. 3 gain posted in the year following the election of George Herbert walker bush. One would imagine we will hear tweets or get tweets about that the minute it happens. It is a major accomplishment and were coming off another week where all three major averages closed up a percent a
Indonesia changes its tune on mining exports, relaxing two year ban. And how the art world has lost its lustre, as buyers from china shy away. Good morning asia, hello world. It is a friday, almost a weekend. Glad you could join us for this edition of Asia Business report. I am this edition of Asia Business report. Iam rico this edition of Asia Business report. I am rico hizon. This edition of Asia Business report. Iam rico hizon. We this edition of Asia Business report. I am rico hizon. We start off with indonesia where the government has done an about face on its ban on raw mineral exports. Indonesia will now allow exports of more unprocessed minerals, a big change from two years ago when the government banned most exports to force Mining Companies to process minerals within the country. The president , joko widodo, explained his decision. Translation we need to make sure that our Natural Resources benefit our own people. Thats the founding principle, and oui thats the founding princ
Continues we will tell all. And the inside track on Donald Trumps Business Week later. You can get in touch with the Programme Using the just use the hashtag bbcbizlive. We start in the us where car giant Fiat Chrysler is denying it faces its own dieselgate scandal just a day after volkswagen was fined more than 4 billion for cheating emissions tests. The us regulator the Environmental Protection agency is accusing Fiat Chrysler of failing to disclose emissions software, at least eight different types, installed in thousands of its diesel vehicles. Epa says the software allowed the cars to exceed Pollution Limits and pump out higher levels of harmful nitrogen dioxide. But the companys boss says it did nothing illegal. So how big could this be . The investigation involves Thejeep Grand Cherokee suv and dodge ram pickup made in the last three years. That adds up to more than 100,000 vehicles the vast majority sold in the us. The epa says Fiat Chrysler could be liable for fines of up to 4
The ting jay y. Lee as investigation into south koreas scandal looks to iden to other conglomerates. Takata surges in tokyo after maker ubled airbag settles on a billion Dollar Settlement in the u. S. And with trade data from china will the implications of presidency be reaching. Examining reaction to at whats ng going on as far as the yuan goes, were still about 29 inutes away from the start of trading here in Hong Kong China a mixed picture when it comes to whats happened so far. Who is ve look at coming online and how they are changing the narrative. Malaysia, all starting their session. Kick off with in thegoing on, currency space given that a dollar is showing weekly loss. Fed chair yellen bolster the case of tightening policy. Traders tell us that funds overnight low to further unwind dollar ong positions and that laernl exporters are seen elling the yuan keeping below the 1,200 yuan level koreafter the bank of held its rate at 1. 25 , as largely expected. We do have gold steady
Natarajan Chandrasekaran, who became CEO of TCS 15 years ago, has risen in stature to lead the entire Tata Group, balancing corporate returns and national priorities