Who put him in office. Critics say it is a work of fantasy. Ourre continuing to watch , moodys announcing it has downgraded its rating on china. For comparison, were looking at the same rating help by saudi arabia, israel, estonia, and japan. Take a look at this chart. It encapsulates moodys reasoning for this downgrade. Debt to gdp soaring. 280 in terms at of the debt to gdp ratio, an increase from 240 from 2016 alone. You can see the diversions when it comes to gdp growth stabilizing, easing, but debt continuing to grow. It expects the financial strength of china will be eroded in the coming years as a result of the economywhite debt and built up. Slowing, andially even though you have financial reforms, deleveraging, particularly the financial sector, moodys saying that will not make a difference when it comes to this constant increase in contingent liabilities held by beijing. We will continue to watch that story. Singapore, taiwan, malaysia coming on line. We are really watching t
Would have. I was so stunned by the conversation that i just took it in. Lordy, i hope there are tapes. I remember saying, i agree hes a good guy as saying im not agreeing with what you just asked me to do. That, of course, former fbi director james comey in the d dramatic testimony on capitol hill this morning. Welcome in this morning. Im in for kel ly evans. The dow hit a record intraoday but now we are down 22 points on the trading session. Well look at whats behind the reversal. Looking ahead as well to the u. K. Elections, polls there close in just under two hours, and the house back here is set to vote on its plan to roll back parts of the doddfrank financial reform law. That vote is expected sometime this afternoon, probably within the next couple hours. Well go live to capitol hill as soon as it begins, so, yes, still a very busy day here. Absolutely. Plus, a high profile departure over a jpmorgan. The man often seen as the heir parent to Ceo Jamie Dimon is leaving. We have the
Just a little ways from the open here in hong kong and shanghai. A bit of positivity for singapore. Whats the mood like . Have one market that is already closed, new zealand. Volumes are quite thin. Theres not a lot of appetite to take big bets ahead of the new year. Have a look at new zealand. Extremes,ot of especially across assets, if you will, in the past several weeks. We scaled back from those extremes when you look at gold, which fell to a 10 month low. It has recovered quite a bit. In australia, gold miners are on the way out. Its close for the day. It is clocked in. Its fifth straight annual gains. That market is quiet and we dont talk about it a lot because it is quite small. A nice rally the past 15 years. 11 of the past 15 years, we have seen markets here at five straight into this year. Australia has a short trading session p. M. Korea is already closed for the year. South korea just managing to buck the trend. Overall in east asia, the second year of gains in south korea.
Down. Latin america asks for help to stop the zika virus as the politicians haggle over talks to end the syrian war, the United Nations say the number of People Living under siege is nearly half a million. From u. N. Headquarters in new york our correspondent has more. Reporter the humanitarian situation in syria has gone from bad to worse. That was a key message from steven obrien, the u. N. s top humanitarian official when he briefed the Security Council. The numbers are staggering and troubling in syria, but really the number that jumps out the most is the increase in the number of syrians currently living in besieged areas, areas cut off from any sort of regulated. That number is now up to 486,700 syrians that live in those conditions. Of those 274,000 of them live in areas besieged by the Syrian Government according to the u. N. Another 200,000 live in areas besieged by i. S. I. L. And about 12,000 in areas besieged by nonstate armed groupss, such as the alnusra front. Obrien says
Hundreds of thousands of people are thought to be without electricity and clean drinking water. He truly has been pouring in from around the world. The u s is contributing helicopters and rescue equipment in the uk is the peak million us dollars its been a disaster experts and jewish Aid Organization is for a christening it in the medical trauma specialists press reports from the worst affected areas subject to up to ten thousand people may have been killed in that store. His new teacher activist blog youtube site has had her book banned in private schools across sydney to pakistan. No more i am delighted to be for between forty thousand private schools after the School Board President said smaller percentage of years but whats the use of pakistan along with cheltenham but the taliban last year for speaking out against the taliban and promoting fills the kitchen he is becoming a hero in the west for champion uber slow execution. She is going to suck right price for freedom of thought i