now on bbc news all the latest business news live from singapore. how well has india's economy whether the cash ban on big notes? we find out when the government releases economic growth figures later today. and we are nearly halfway to the year. for and we are nearly halfway to the yea r. for investors and we are nearly halfway to the year. for investors it has been a steady climb upwards, but could there be trouble spots ahead? welcome to asia business report. we start with india, and the latest economic growth figures due later today. gdp data generated in the march quarter should offer clues on any more effects from the controversial cash ban. the south asian economy has been expanding at a rate of around 7%, lower than previous quarters due to this sudden withdrawal of two of the most commonly used banknotes late last year. so, our businesses there feeling the pinch? our team and by when to find out... —— in mumbai. funky music it is difficult for us to get to the 7% plus growth rate in the economy because there has been at least a partial breakdown in the world economy. incomes haven't risen. people are holding back on any expenses which is bad for business in general. in the last few years, and especially the last few months, it has been very bad for the market. adding fuel to the fire has been the mother to say. things have gone down by 18% in terms of growth —— di monetisation. the auto industry, we have been working on since 1958, is doing well. there were ups and downs, partly because of demonetisation, but the indian economy is robust. we are confident of that and we are further investing so we achieve this. in newsjust in, there has been a rebound in factory output in different macro culture plan. it rose 4% in april on the previous month that the fastest pace in six yea rs. month that the fastest pace in six years. analysts say the jump suggests the economy is making a strong start in the second quarter boosted by overseas demand for products. in contrast, south korea's production fell by more than 2% in april, that comes in spite and and alpert arise. to share way says it is operating at full schedule after hundreds of flights were cancelled at the weekend after an it meltdown. shares in its parent company closed 1.596 shares in its parent company closed 1.5% lower. some estimates say that this problem could cost ba more than $150 million. what is lowering one of the biggest players in food and agricultural business cheika girl? they trade —— cargill. the chief asia—pacific executive for ca rgill, i ask asia—pacific executive for ca rgill, iask him asia—pacific executive for ca rgill, i ask him why it was such an important market for the firm. asia is very important for three reasons. worst of all, a favourable demographic, rising urbanisation which fits well in our portfolio. we know cargill is a firm supporter of free trade but with the demise of trade packs like the dpp, how is it that it has limited your goods? cargo has been in business for 50 yea rs. we cargo has been in business for 50 years. we favour global trade but at the same time there are tendencies for nationalisation. we wonder how to adjust the system to that. for those who continue to push and promote local trade as well. with local production, you talk about agriculture for a lot of your products, but there are concerns around accusations of deforestation linked to you, and land clearance in brazil, despite terrance not to do so. brazil, despite terrance not to do so. in asia, malaysia and indonesia, there is clearance for palm oil. what do you say to these accusations? we are explicit that we wa nt to accusations? we are explicit that we want to feed the globe in a sustainable and global way. deforestation is a problem. we wa nted deforestation is a problem. we wanted to half deforestation by 2020, we said that in 2014. and com pletely 2020, we said that in 2014. and completely stop it by 2030. we work closely with other people in the supply chain to live up to our commitment. you are a big supporter of china's one belt one road for these giant infrastructure projects that do not necessarily protect the environment. why do you support it? because, as mentioned, we want to feed the world in a sustainable way and ina feed the world in a sustainable way and in a responsible way. we need to address both. that is the end of your two minutes, thank you for joining us! us stocks closed out the final trading session for the month of may. they were flat, nearly halfway through the year. driving big gains on wall street. let's have the luck... buoyed by optimism that the us president will roll out tax cuts that favour businesses and boost profits for corporate america. some of that enthusiasm trickled into asia. this was tempered by north korea and several missile launches, raising worries about security in the region. not many investors are convinced that china can maintain growth momentum. my guest told me that this year, it has been an incredible year for investors... across the world we have seen double—digit returns, in particular in this region, quite a nice performance of asian markets close to 20%. that is something that we have been a bit surprised about. in terms of magnitude and pace. it was clearly driven i very good earnings growth so far. the question is how sustainable it will be in the second half of the season. and some challenges as we have seen in geopolitical risks and others. what big concerns to watch out for? we need to watch out for north korea and the situation there. and on the political side, i think that europe but aside most of the election that we have seen so far in europe, it has been more leaning towards the pro—european side. we have also seen quite a nice rally in european equity markets. if we look at the usa so far, to be honest, we haven't seen usa so far, to be honest, we haven't seen anything delivered yet from trump in terms of infrastructure and spending, more and more importantly in terms of his corporate tax cuts. we know interest rates are on the up. but closer to home, how worrying are china's economic problems? we saw credit ratings downgraded by moody ‘s. will it filtered through to the rest of asia? in the last few yea rs, to the rest of asia? in the last few years , we to the rest of asia? in the last few yea rs, we have to the rest of asia? in the last few years, we have seen to the rest of asia? in the last few years, we have seen correction in the first half of 2015 and 2016 was driven by chinese concern. afterwards, we haven't really heard anything from china. from a market perspective i would say it is a positive sign but if you look at the depth of gdp numbers in china at 260%, relatively high, we should not forget that most of those debts are held by domestic investors, hence the volatility we see in other markets and not so evident, like in china. the downgrade may be the first signal that the government is supposed to work against this. actually, they have done so over the last few months already. growth has come down substantially so they have tightened up a lot in terms of leveraged. going in the right direction, we need to see more of this over the next few quarters. direction, we need to see more of this over the next few quartersm news justin, the this over the next few quartersm newsjustin, the vietnamese prime minister is meeting president trump for dinner minister is meeting president trump fordinner in minister is meeting president trump for dinner in washington. he has forecast he will ring in news and services up to $17 million. there is have a look at the markets before we go. asian markets, if we look at those, they are fairly flat at the moment. and have been so in the last few days. quiet as there has been a lot of holidays. that's all for this edition of asia business report, thank you for watching. the top stories this hour. the us military says it has successfully test fired an interceptor designed to bring down an intercontinental ballistic missile, as concerns grow over north korea's ambitions. thousands of people have been left homeless in bangladesh after tropical cyclone mora hit coastal communities, destroying and damaging homes as it made landfall. tributes have been paid to a zoo—keeper who was attacked and killed by a tiger. rosa king — who was 33 — has been described as the "shining light" of hamerton zoo park in cambridgeshire. she died on monday after a tiger entered the enclosure she was in. ben ando reports. we do a lot of work for conservation... rosa king had always loved animals. they're being poached in the wild... and according to those who knew her was passionate about their welfare and protection. but yesterday, while she was doing the job she loved at hamerton zoo park, one of the tigers in her care attacked and killed her. today, friends and family paid tribute to the 33—year—old keeper who had an affinity for cheetahs, but loved all the big cats. in a statement her mother andrea said... now, an investigation is underway. the police have said there are no suspicious circumstances, but zoo managers will want to know how a tiger got into the enclosure where she was working and in just a few seconds, turned a fun bank holiday into tragedy. experts warn that whether in captivity or not, tigers are wild and potentially dangerous animals. under normal circumstances, there should be no reason for a keeper and a predator such as a tiger to be in the same enclosure at the same time. the only exception to that would be if the animal has been sedated so that it can undergo a veterinary procedure or similar. but there should be no reason for a conscious animal, conscious predator, to be in the same space as a keeper. but some animal welfare campaigners say keeping wild animals in captivity is just wrong. taking a child to a zoo for the first time, of course there will be the wow factor, why wouldn't there be when they see a tiger for the first time, an elephant for the first time? but after that, you have to ask yourself, what is the educational benefit of seeing that same animal in that same space doing the same thing day in and day out? four years ago, another keeper, sarah clay, was killed by a sumatran tiger at this zoo in cumbria. the park was later fined £250,000 for health and safety breaches. hamerton zoo managers have described the death of rosa king as a freak accident, but alongside the shock and grief, there is a need to find out what went wrong and why. the zoo has not identified which particular tiger was involved in this but says the animal is unharmed and says it will update everyone on its investigation as soon as it possibly can. meanwhile, the police say they have closed their enquiry because they have determined there were no suspicious circumstances. they will pass on their findings to the local authority, huntingdonshire district council, who are responsible for licensing the zoo — and they may then determine whether there should be any issues or prosecution around health and safety matters. time now for all the sports news in sport today. hello, this is sport today, live from the bbc sport centre. coming up on this programme. the bbc understands arsene wenger has agreed a new two year contract to remain as arsenal manager. after a scare in paris, world number one andy murray is through to the second round of the french open. and britain have a better day at the americas cup. hello and welcome to the programme where we start with the footballing news that arsenal are set to announce manager arsene wenger will extend his 21 year reign at the north london club. the bbc has learnt that the 67—year—old frenchman has signed a new two—year contract with the gunners which will be officially announced on wednesday. our sports editor dan roan has more... he is already the longest serving manager in british football and now we know that arsene wenger‘s tenure at arsenal will extend to a 22nd year. the season's longest—running saga concluded after a meeting of the club's board and