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Transcripts For BBCNEWS Asia 20240706

the wall street giant said it would pay $10.6 billion dollars to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. so just how vulnerable is it? let s ask the chief global investment officer of oreana financial, isaac poole. isaac, great to get you on the show. in the first instance, how much of a risk do you think there is of a failure amongst other us banks in the system? i failure amongst other us banks in the system? failure amongst other us banks in the system? i think there is a real risk of that- the system? i think there is a real risk of that. this the system? i think there is a real risk of that. this is the system? i think

Transcripts for BBCNEWS Asia Business Report 20240604 22:40:00

duopoly similar to the us with wilbur and left. ., ,., ., , wilbur and left. how important it is for the company wilbur and left. how important it is for the company to wilbur and left. how important it is for the company to evolve - wilbur and left. how important it is for the company to evolve with - for the company to evolve with services beyond right hailing to survive and have longevity in their business? aha, survive and have longevity in their business? , , survive and have longevity in their business? , ., ., ., business? a typical combination of riahts business? a typical combination of ri . hts and business? a typical combination of rights and food business? a typical combination of rights and food delivery business? a typical combination of rights and food delivery is - business? a typical combination of rights and food delivery is a - business? a typical combination of rights and food delivery is a strong one because it allows drivers for grab and other businesses

Transcripts for BBCNEWS Asia Business Report 20240604 22:38:00

after the us company sold its business in southeast asia to grab in 2018. for more insights into uber and the global riding hailing business, lets bring in rolf buck from new street research. great to get you on the show rolf. give us a sense of how wilbur is investment in south east asia has paid off so far? it’s investment in south east asia has paid off so far? paid off so far? it s been an interesting paid off so far? it s been an interesting dynamic - paid off so far? it s been an interesting dynamic for - paid off so far? it s been an l interesting dynamic for huber paid off so far? it s been an - interesting dynamic for huber and south east asia. initially like with many markets they went all in but fairly quickly they realise that they had a competitor in grab that was most formidable and they exited the market several years ago partly because grab was able to offer a solution that was much more tailored towards the southeast asian market. so grab is now the undisputed lea

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