125 others were wounded. Another blast occurred in bangkok on tuesday. An explosive device was thrown into the chao phraya river from a bridge. No one was injured. Investigators are searching for a suspicious man who was caught on a surveillance camera near the site of mondays blast. Chinese officials appear to be learning more about what may have caused a deadly warehouse blast in the city of tianjin. Local media quotes a senior Public Security official as saying the building was storing more than 40 kinds of hazardous chemicals with a total volume of about 3,000 tons. The report says the chemicals included 800 tons of Ammonium Nitrate which can be used in explosives. There were also 500 tons of pa tass yum nitrate and 700 tons of sodium cyanide. Authorities say the explosions killed 114 people and dozens are still missing. Local media say authorities detained ten people including the top official of a company that manages the warehouse. Officials with Japans Defense Ministry are set
Positions overnight. We dont know what will happen. Even in japan yesterday stocks snapped their earlier gains to close down 4 and we just saw the nikkei reverse those gains right now. We may see another volatile day as chinese stock market swings again. Just had a look at the stocks. All over the place, positive, negative. Currency markets no stranger to some of these wild swings, mayu. Give us some of the levels, specifically dollar yen. Well, the dollars doing a little bit better right now. The dollar recouped some of its losses after chinas Central Banks fifth rate cut since november but its still in a down trend, 118. 75. The euro is edging lower after hitting 117 level monday. Its around 1. 1556. So some are buying back the dollar after purchasing currency to avoid risk like the euro and the yen. Big focus will be on the shanghai composite. Well see how it reacts to chinas rate cut. Ill be back with an update in a few hours. Back to you. Very much looking forward to that. Mayu yo
Positions overnight. We dont know what will happen. Even in japan yesterday stocks snapped their earlier gains to close down 4 and we just saw the nikkei reverse those gains right now. We may see another volatile day as chinese stock market swings again. Just had a look at the stocks. All over the place, positive, negative. Currency markets no stranger to some of these wild swings, mayu. Give us some of the levels, specifically dollar yen. Well, the dollars doing a little bit better right now. The dollar recouped some of its losses after chinas Central Banks fifth rate cut since november but its still in a down trend, 118. 75. The euro is edging lower after hitting 117 level monday. Its around 1. 1556. So some are buying back the dollar after purchasing currency to avoid risk like the euro and the yen. Big focus will be on the shanghai composite. Well see how it reacts to chinas rate cut. Ill be back with an update in a few hours. Back to you. Very much looking forward to that. Mayu yo
Paralympics main stadium are standing by their plan. They say the facility could be built for less. And south Africas Deputy president visits japan in search of stronger business ties. Japans Prime Minister schenn zoe abe and u. S. President barack obama have agreed to closely coordinate policies over north korea and plunges in share markets. The two leaders talked over the phone for about 40 minutes on wednesday. With the u. S. Side proposing the discussion. In the conversation, they welcomed the news that north and south korea have reached an agreement on easing tensions between them. The leaders also agreed to koord nate views on stock plunges around the world. Obama expressed a positive view of the statement abe made to mark the 70th anniversary of the end of world war ii. Obama also touched on alleged spying by a u. S. Intelligence agency on the japanese government and businesses. That information was disclosed by wikileaks. He apologized for causing any trouble, saying his govern
For abe but for abenomics. His election win means that japanese Prime Minister shinzo abe can continue his economic reform programme. Will londoners be able to breath a little easier . Today sees the introduction of a 10 pound a day about 13 dollars charge for the most polluting vehicles driving in the capital. Hello. Welcome to World Business report. Im jamie robertson. In a minute well find out if electric car maker tesla will begn to manufacture its cars in china. But first, the outlook for the worlds third biggest economy will be shaped by shinzo abe until 2021. Thats because japans Prime Minister won another term in sundays elections. He framed the poll as an attempt to get public backing for his handling of the threats from north korea but his ambitious and important Economic Reforms were also on the line. His second stint as Prime Minister began in 2012. And if the main stock index the nikkei is anything to go by hes been a good influence for the economy. That is what that says,