Ciaran maxwell stockpiled weapons while serving with a Commando Unit in somerset. Now on bbc news, all the latest Business News live from singapore. Downgraded. Toshiba moves off the main stock board of tokyo because of financial problems. And a snap deal going at a loan after calling off a sale to a rival, flipcart. Good morning, asia. Hello, world. Welcome to another edition of Asia Business report. Its a tuesday. Im sharanjit leyl. Report. Its a tuesday. Im shara njit leyl. We report. Its a tuesday. Im sharanjit leyl. We will start with the ongoing problems around the tech giant toshiba. The markets opened for trade and its shares got demoted to the second section of the tokyo stock exchange. We have that story. Tell us about this demotion. They opened higher this morning. Tell us about this demotion. They opened higherthis morning. Up tell us about this demotion. They opened higher this morning. Up about 2. 596 opened higher this morning. Up about 2. 5 this hour. Yesterday as well
Front of the new congress. She hints at any rate hike in the next few months. And shares in toshiba nosedive yet again as the japanese conglomerate faces a 6 billion write down. It is Asia Business report. Good morning, asia. Hello, world. Markets have been buzzing overnight as the head of the Us Central Bank said an Interest Rate rise could come as early as next month. In the sme annual testimony to congress, janet yellen set of hawkish tone, saying it is unwise to wait too long to hike rates. Financial stocks in the us lifted. The broader s p index closing higher for a fourth consecutive session. This is how asian shares are trading in early trade on wednesday. All in positive territory. More analysis in a moment but that hear what she had to say. As i noted on previous occasions, waiting too long to remove accommodation would be unwise. Potentially requiring the fomc to raise rates rapidly which could risk disrupting Financial Markets and pushing the economy into recession. At our u
Jesting them at the moment. And well be meeting the only Living Person who has invented and been implanted with a medical device to cure their own chronic medical condition. Its called the vibrant soundbridge, and has given Geoffrey Ball back his hearing. Workers in australias tax office have refused bosses pleas to extend their working day from 4 51pm to 5pm. What could you achieve if you spent an extra nine minutes a day at work . Just use the hastag bbc biz live and wherever you are it is amazing what you can do in a whole nine minutes send in your comments on that and other stories we are covering today, it is a packed agenda. Full year results for Banking Giant Hsbc has come in quite a bit below analysts expectations. Pre tax profit fell 62 from the previous year, with the bank calling it a period remembered for its largely unexpected economic and political events. The net profit of 7. 1 billion compared with 18. 87 billion recorded in 2015, and Group Chairman Douglas Flint says g
This is bloomberg surveillance. We are getting pmi figures out of the eurozone, and this is what they are showing. This is for the month of february. Services pmi rising more than expected, 55. 6. He spoke to economists who forecast a figure of 53. 7. Everything above 50 means it is expansionary. Manufacturing also rising a little better than expected. That is at 55. 5. The forecast was 55. I want to see the full breakdown, but we did have a earlier figures in manufacturing pmi from germany that were much better than expected. This is big for eurodollar. Lets get on to the rest of the markets. The one thing i want to show you is hsbc. That stock under pressure today. It did miss profit estimates as the revenue was dropping. It has had to say it will cut more costs. Still the biggest loser in europe in terms of the equity markets. Down 6 . Stocks are pretty unchanged overall. On a case basis, depending on the earnings. We once again talk about politics and risk in europe with those Fren
Now on bbc news, all the latest Business News live from singapore. Brexit is a reality. After a revised bill is passed in parliament, we look at what it means. And Tech Industry leaders compete for centre stage in one of the wells largest interactive festivals. Worlds. Hello and welcome to Asia Business report, im sharanjit leyl. Parliament in britain has given its final approval to a bill setting out plans for the country to formally start the process of leaving the European Union. Parliament has also voted by a clear majority to reject two amendments put forward by the upper chamber, the house of lords. The proposals would have guaranteed the rights of eu citizens in the uk. Scotlands First Minister Nicola Sturgeon also announced plans to hold a second independence referendum by early 2019. She said the vote was necessary after british Prime Minister theresa may refused to search for a compromise to allow scotla nd to search for a compromise to allow scotland to remain in the Single