Senior politicians in hong kong have been celebrating the moment the city returned to chinese rule 22 years ago. Led by chief executive carrie lam and joined by officials from china, they attended a reception a few hours ago. Outside, a flag raising ceremony was held at the harbour front. In her toast carrie lam wished successs to the motherland and to the stability and prosperity of hong kong. Away from this though the mood is quiet different. This is the scene live as crowds of activists have been gathering from early this morning. Theyre now in a peaceful stand off with police. Our correspondent Karishma Vaswani has the latest updates. In the last hour or so, we have been hearing that there is a stand off between police and protesters on one of the main arterial roads of this city. What we understand is that in the early hours of this morning hundreds of protesters camped out on that road, trying to block it. Police say some of them at least armed themselves with bricks and they hav
For the nation, if the uk left the eu without a trade deal. Now on bbc news all the latest Business News live from singapore. As china gets ready for a powerful twice a decade political meeting, investors worry about its growing mountain of debt. And to find out why japans stock market is trading ata20 why japans stock market is trading at a 20 year high as head of a snap election on sunday. Good morning asia, hello world. It isa good morning asia, hello world. It is a monday. Glad you could join us for this addition of Asia Business report. We started the project programme with china and government officials gathering in beijing for the 19th communist party congress. The twice a decade meeting is likely to see president xi xin ping further solidify his power and secure a second term. But beyond his political supremacy, there are growing worries about the state of the economy. In the first of three reports, our correspondent takes a look at chinas growing debt pile. A twisting power in
It says house prices are falling. So whats really happening to the Property Market . Ill get an expert view. In sport, a match english women cant afford to lose. Australia is batting first. They have lostjust one wicket. And carol has the weather. A cloudy start the day for many of us a cloudy start the day for many of us but patchy light rain drizzle. The skies will filter slowly southwards as a go through the day. More details in 15 minutes. Good morning, first, our main story. Theresa may is under pressure to restore stability to the government after the second resignation from her cabinet in a week. The International Development secretary, priti patel, stepped down last night after more questions were raised about her unauthorised meetings with israeli politicians. The departure of ms patel has fuelled opposition accusations that the government is in chaos, and mrs may is losing her authority. Heres our Political Correspondent, alex forsyth. Arriving in london, priti patel could ha
Company, in this room could be the next hot ipo. Fast money trader dan nathan, guy adami made the trip to be out here. They survived last night. We wont ask what happened. Well see if they can get through this next hour. Snap just crapped out, were in vegas, crapped out, was this a reality check . Dan, lets kick it off with you. One of the questions you keep hearing in a conference like this, where there is a lot of companies doing disruptive things is whether or not they need to go public. There is a lot of access to capital, both equity and debt. They can finance a lot of their growth, dont forget, look back to facebook, one of the things facebook did in the leadup to 2012, they spent a billion dollars to buy instagram, that was before they went ipo. Then what do they do in 2013 . They spent more than 20 billion to buy whats app. They needed to do that to raise the capital in the Public Markets to be able to finance this next leg of growth. Heres a company thats valued over 400 billi
Business news live from singapore. Chinas one belt one road for it kicked off in beijing. Just how lofty are its Silk Road Ambitions and can they be filled . More victims are expected of the cyber attack as they return to work after the weekend. Hello and welcome to Asia Business report. Leaders from 28 nations are gathered in beijing to bring chinas grand plan to invest billions of dollars to improve its global trade links one step closer to reality. Called the one belt one road initiative, it was proposed in 2013 by president xi xin ping. Its ambitions span over 60 countries and the president has pledged billions of dollars for the scheme. There are sceptics that say it is an expensive exercise to extend chinas political and economic influence. We are joined by our asian Business Correspondence in the studio. 124 billion, no small number. Of course, this was an announcement that was made to all of the World Leaders that were gathered to listen to president xi. Why are the chinese mak