For killing western hostages have been captured by kurdish fighters in syria. Theyre alleged to be associates of the man dubbed jihadi john. Now on bbc news all the latest Business News live from singapore. Asian markets head south after another punishing session on wall street. And flying high but two were . We find out why businesses and spectators flocked to edge shows. Airshow is. Welcome to Asia Business report live from singapore with me, mariko oi. We start with markets and we had another volatile trading day of the night, wall street ended the day practically in freefall and now were seeing asian shares down as well. Monica miller has the latest. Monica, wow, what a week . Its been intense. The asian markets are taking wall streets lead s p m 7 seng isjust opening, it closed down down as if seng isjust opening, it closed down down as if we can yesterday down as well. If we can look at what happened in the us, again itjust sank right to the bottom. The dow jones again itjust san
Earlier, oxfams deputy chief executive, penny lawrence, resigned. Now on bbc news all the latest Business News live from singapore. Wall street closes higher, but our investors nervous about what comes next . We will hear from a large fund manager. And how companies are helping clean up the oceans by cutting down on plastic waste. Good morning, asia, hello world. It isa good morning, asia, hello world. It is a tuesday. Glad you could join us for another exciting addition for Asia Business report. Im rico hizon. We kick off with the markets. We saw wall street closing higher overnight with the dowjones adding 1. 796 overnight with the dowjones adding 1. 7 and the broader s p 500 hired by1. 4 . 1. 7 and the broader s p 500 hired by 1. 4 . That mackay by. We have seen by 1. 4 . That mackay by. We have seen one by 1. 4 . That mackay by. We have seen one of the wildest runs in us stock market history. In asia, markets followed wall street moved, it is that make it sell trade. The nikkei and
Business news live from singapore. The chief Janet Yellens swansong as she chairs the last meeting this week. What can we expect on us Interest Rates . And young tech entrepreneurs in taipei are ditching the traditional culture of playing it safe. Welcome to Asia Business report, im sharanjit leyl. Now, it is the key week for the federal reserve. Janet yellen will chair the last meeting of the federal open market committee, or the fomc, before handing over the reins to jerome powell, and the two day meeting will end on wednesday where it is expected to keep rates unchanged. Other items on the calendar this week include the United States and south korea entering into their second round of talks to try to salvage their troubled bilateral trade agreement. That also happens on wednesday. And on thursday we will see the titans of the tech world, the likes of alibaba, of the tech world, the likes of aliba ba, alphabet, and of the tech world, the likes of alibaba, alphabet, and amazon, postin
We start in texas where President Trump has arrived to assess the damage left in the wake of hurricane, now Tropical Storm, harvey. This update has just reached us, from a Global Chemical company, they said they are evacuating remaining workers from their Chemical Plant in south east texas amidst the risk of an explosion. The storm continues to wreak havoc. Our north america correspondent, james cook, is there. In the chaos, some order, at last. The boats have come from all over the United States, and not a moment too soon. Its ok the operation was fast and smooth. Police, soldiers and civilians all working together. Were trying to get to a safe and dry place. Hows the baby . Hes fine, just scared. Are you scared . Just a little bit. From above, they can see the problem, and its a big one. A reservoir a few blocks away is overflowing. It was built 80 years ago to protect the young city of houston, but no one then imagined this. The pool of the reservoir is still rising, so flooding is
The white house is to ask congress for emergency funding. Vice president mike pence says more than 300,000 people have registered for disaster assistance. President trump has pledged 1 million of his own money. And just outside houston, a fire is still burning at a flooded Chemical Plant. 0ur north america correspondent james cook reports. It is an unsettling sight a fire smouldering in the water. This plant makes organic peroxides which must be kept cool but when the hurricane hit, the powerfailed and now they will explode. They planned for this, but not well enough. Police have a simple message get out, now. Already 15 officers have been to hospital for checks amid fears of fumes in the air. I know they got all kinds of chemicals, and ijust dont know which ones is in the water and coming down into my house, which means i got water into the house right now. So its going to be pretty nasty. As specialist teams roll in, the messages coming out are confusing and contradictory. Reports of