And lighting up singapore, making lanterns to welcome autumn, and the festival of light. Live from our studios in singapore and london, this is bbc world news. Its newsday. I am glad you could join us. Its 8am in singapore, 1am in london, and 8pm in new york, where President Trump has announced new sanctions against individuals and companies that trade with north korea. Responding to the latest sanctions north koreas leader has vowed to make trump pay dearly for threatening his country. In a meeting with the leaders ofjapan and south korea, mr trump said he had signed an executive order which also gave the Us Treasury Department discretion to sanction foreign banks that deal with pyongyang. He praised china, saying it had ordered its banks to stop doing business with north korea. The order enhances the treasury departments authority to target any individual or entity that conducts significant trade in goods, services or technology with north korea and i am very proud to tell you that,
Theresa may is expected to make the offer in a speech on brexit in italy. Now on bbc news, all the latest Business News live from singapore. Chinas Credit Rating is downgraded over concerns the growing debt pile isa over concerns the growing debt pile is a major financial risk. Over concerns the growing debt pile is a majorfinancial risk. New zealanders go to the polls this weekend, a change in government could alter the business environment. Good morning, asia. Hello, world. Welcome to another edition of Asia Business report. Im rico hizon. Glad you could join us. It isa rico hizon. Glad you could join us. It is a friday. Chinas Credit Rating has been downgraded ahead of a major meeting. It went from a to a , making it the last to be downgraded. The waiting drop in 2015. Earlier we got a take on the move. You have to realise that china has zero debt. They have won century bond which trades at 212, extraordinary. In terms of direct sovereign debt issued by china, it is irrelevant. The
It is midnight in london, 7 00am in singapore, and 1 00am in the morning in berlin, where the german election has redrawn the countrys political landscape, and the effects are likely to be felt right around the world. Chancellor Angela Merkel will serve a fourth term in office. Her christian democrats are the biggest party. But her authority has been weakened, and the right wing afd, strongly anti immigrant, have won seats for the first time. The bbcs ros atkins is in berlin with this assessment. There were certain elements of this election result that were widely predicted, Angela Merkel continuing as chancellor, the social democrats getting a tough time at the ballot box, and the alternative for germany, the right wing nationalists, getting a place in the bundestag. The bit that people didnt pick was that Angela Merkel and her cdu party would get such a difficult time from voters, a significant drop from the last election. Looking at the latest rejections, these are not official resu
That has fallen slightly falling from 155. 2 versus reuters of 116. Remember, the 116 was the record level we hit back in july. Once again, we have a slight bit of a dip but by and large this is not too much of a fall. By and large german businesses have been quite resilient to some of the geopolitical stocks weve seen ill be speaking to the clemens fuest. Angela merkel has won a fourth term as chancellor while support for the far right surged they won 33 of the vote and will remain the Largest Group in parliament but the result marks the conservatives worst since 1949. Now the euro has slipped following the results as investors suggested the challenge that merkel faces to build a stable Coalition Government there you go 1. 1902 they are close to section lows down 4 . It seems like the euro is down more against the pound sterling. Youre seeing a little bit of nervousness around the task, very tricky task of perfeformint coalition and maybe less of a European Coalition addressing suppor
It is 7 00am in singapore, midnight in london, and 7 00am in the morning in beijing, where china is digesting the detail of president xi jinpings marathon speech to the communist Party National congress. He spoke for 3. 5 hours. Among the highlights his claim that, under his leadership, chinas gdp had grown by nearly 50 in the last five years. He also said more than 1,500 reform measures had been introduced. That is nearly one for every day he has spent in office. And the president promised to build a Prosperous Society through socialism with chinese characteristics. 0ur china editor Carrie Gracie reports on what mr xi described as the start of a new era. Like no other Party Conference nearly 90 million members, more than 2,000 of them here, and they are all tight lipped on the way in. Speaking mandarin. The first time i came to one of these was 25 years ago, and the striking thing is that the choreography just doesnt change. China has changed it now has more billionaires than the unit