of the island's care system and also warned that some young now on bbc news all the latest business news live from singapore. australia's central bank is said to make its latest policy decision. will it change course? and we find out if women ceos can close the gendered gap by catering to other women. good morning asia hello world, glad you could join us for this tuesday edition. i am rico hizon. we start off with the central bank in australia and it is widely expected that the reserve bank will leave rates on hold at its meeting today. the rate is currently sit at a historic 1.5%, where they have been since august last year. with a strengthening jobs market and a cooling housing sector, is the bank likely to change course in the coming months? earlieri likely to change course in the coming months? earlier i asked an economist based in sydney.” coming months? earlier i asked an economist based in sydney. i think they are sitting on the fence and now and that will probably remain the story going into next year. it is possible, though, that the reserve bank may come out and say well, just like the bank of canada and the bank of england, they need to think about, eventually, raising interest rates. if they do that it isa interest rates. if they do that it is a story of the second half or possibly even later, in 2018. right now indicated on the economy are mixed. employment is strong but the housing sector is slowing. the economic data for australia right now, is it a debate over whether the glass is half empty or half full? when is it headed in the second half? that is correct. most economists see interest rates on hold but there are a number who see rate hikes on the horizon. another handful who see rate cuts. it depends on your perspective. my feeling is we still have a relatively sluggish growth in australia. the recession but certainly not booming and probably not enough to give upwards pressure on wages. by the time we reach the end of 2018 or going into 2019, the economy should be strong enough to withstand interest rate hikes. right 110w withstand interest rate hikes. right now i think it is far too early. how about the state of the resource economy? when are we likely to see that ounce and back was to mark it has been suffering over the past few yea rs. has been suffering over the past few years. it certainly hasn't had been drag on the economy. the big thing there is the slump in mining investment. it earlier it boomed recently it has been slumping. that isa drag recently it has been slumping. that is a drag on states like western australia. that drag is getting close to the bottom and i think that the worst is probably over for the mining sector. but we are a long way from going back to a boom. this is not 2004, 2005, in the foothills of the massive boom. i think we are in for a long workout. a drag on the economy from the slump in the mining sector is over. a key measure of inflation meant in southeast asia remains close to the central bank's target. the consumer price index climbed injune. the increase is due mostly to a sharp rise in fruit and vegetable prices, caused by drought. core inflation which excludes volatile food and oil prices was lower at 1.5%. us car sales continue to slow injune, marking the sixth straight month in decline. the two big car makers in the country of reported that total sales fell about 5% from the previous month. the sale space was 16.5 million units. that is considerably down from 2016 when sales hit a record 17.5 million. the chief executive of tesla says that the first model number three will be rolling off the company's assembly line this week. it is their first mass—market car and it expects to mmp mass—market car and it expects to ramp up production by the end of the year. ramp up production by the end of the yea r. tesla ramp up production by the end of the year. tesla delivered thousands of electric cars and sedans in the first half of 2017. that is at the lower end of its own forecast. they said a severe shortfall in new battery packs had constrained vehicle manufacturing. four ex berkley ‘s bankers including the former chief executive have appeared in court in the uk charged with fraud. the charges relate to the way berkley has raised billions of pounds from qatari investors during 2008. it is the first time that any uk bank has faced charges over the way they behaved during the financial crash. a recent survey by the consultancy group found that women occupy only one quarter of senior management positions worldwide. some have found that creating businesses that cater to other women can be a smoother path to success. but does this approach to success. but does this approach to reinforce a gender divide in business? sol cycle. it is loud, dark and it is popular. that popularity has propelled his brand of stationary cycling from a single studio to a national phenomenon and soon studio to a national phenomenon and soon it will be on the public stock exchange. it does its dependence on women speak to the wider trend of women speak to the wider trend of women studying female focused companies. what investors are looking for is businesses with sound fundamentals. can you grow your business, are you making returns on your capital? studies have shown the women are more reluctant to get into business and a good in is solving a problem you face personally. that was how the tampon alternative flex was how the tampon alternative flex was born. i never wanted to be an entrepreneur. quite frankly i was terrified of becoming an entrepreneur. the likelihood of success entrepreneur. the likelihood of success is slim to none. but i was very passionate about this problem andi very passionate about this problem and i knew i had to solve it. but if female entrepreneurs only focus on solving their own problems, or catering to women, they risked reinforcing the same stereotypes that have plagued women in business for years. the stereotypes and preconceptions about what men and women are good at the traits that they possess a more exaggerated than reality. in most businesses, in reality, men and women are equally likely to have the traits needed to be successful. the problem is the perception rather than reality. less than 5% of fortune 500 countries have female ceos. and while more women than ever are starting businesses, it is still far less than men. if the economy is ever going to receive the full benefits of gender equality, everyone will need to rethink what business —— businesses women can succeed in. the chinese president is in moscow for talks with vladimir putin ahead of the 620 talks with vladimir putin ahead of the g20 summit in germany later this week will there is plenty to discuss between the two leaders. the two countries are major trading partners and they are expected to sign a number of deals that this meeting. but even though china's one bel, won road plan goes through much of central asia, russia will largely missed out on the economic benefits. earlier i spoke to a russian business specialist. i asked of the one. one road initiative will cause any friction between the two leaders. russia does not participate exactly in this initiative but it supports it. and because the russian union is going along... both are wa nt to union is going along... both are want to create free—trade zones which will contribute to the incontinent. will china also be losing by bypassing a large chunk of russia? i would not say china will lose something. we know from the gas contract between russia and china, both countries benefit a lot. russia allows a lot of gas pipes in order to share. sherrod a competitive price. i'm sure the two countries can arrange a good price for both. despite the situation between russia and china at the moment, traders up by over 26% between the two countries. what drives this higher trade? trade has been developing investment and opportunity with finance and mass media and education. many different fields are developing and just now the chinese president is coming to moscow to discuss mutual bilateral relations until 2020. because until then, trade should reach $200 billion. before we go, let's have a quick look at how asian markets are faring at in the morning trade this tuesday. all are in positive territory. to the all 0rdinaries gaining 35 points. this is due to rising oil prices and investor appetite for financial stocks which helped to boost most of the us and european equities while the dollar rebounded on exchange markets. thank you for investing your time with us. have a productive tuesday. you are watching bbc news. the headlines for you this sour, the man who was to we reinvigorate france and europe, president emanuel macron, has set out his radical plans for a nation and the continent. the prime minister of singapore has addressed allegations from his brother and sister that he abused his position of power. a 16—year—old girl has pleaded guilty to the manslaughter of a seven—year—old. katie ruffels found ona seven—year—old. katie ruffels found on a field with severe injuries. she died from her injuries in hospital. her mother described her as a beautiful girl who liked to play in the mud outside. her teenage attacker cannot be named because of her young age. seven—year—old katie rough — an innocent, much—loved schoolgirl, killed by another child, who heard voices in her head. an older girl, who we can't identify for legal reasons, who told a friend she had dreamed of killing someone. it was a school day afternoon and just getting dark, when katie rough was found fatally injured at the end of an alleyway on the edge of a playing field here in york. the seven—year—old died a short time later in hospital. it then emerged that a 15—year—old girl had attacked her with a knife. immediately afterwards, the teenager told a man nearby that katie was dead. he went to find her. she had been smothered and stabbed. katie's parents were quickly told what had happened and dashed to the scene. we found her at the same time as a police officer found her. and i cradled her. and i saw her injuries, i knew she was gone. and... i don't know, it's impossible to describe. we just held each other, didn't we? today, the teenage girl who killed katie admitted what she had done here. she denied murder, but pleaded guilty to manslaughter by diminished responsibility. katie's parents have been left withjust memories. she was just loving. she loved herfamily, didn't she? she just loved us all. she was very loving. she was... shy at first, but then once she knew you, she was... yeah, she was shy, you know, with other people, but with us, she was sassy. she was...loud at times, she wasjust your typical seven—year—old girl. leeds crown court heard the teenager who killed this seven—year—old believed people weren't human, and were robots. the older girl didn't speak at all today, leaving others to explain the consequences of her disturbed mind. danny savage, bbc news. hello, i'm tulsen tollett and this is sport today, live from the bbc sport centre. coming up on this programme. while andy murray does it easy in the first round of his wimbledon defence. an emotional venus williams wins herfirst round match before breaking down in front of the press. and another powerful finish from world champion peter sagan who sprints to victory on the third stage of the tour de france. hello and welcome to the programme. all that and more to come but we start with the news that fifth seed stan wawrinka was knocked out by daniil medvedev in the biggest shock on day one of this year's wimbledon championships. the swiss three—time grand slam champion needed ice on a knee injury between points as he was defeated on centre court by the russian who was playing for the first time at this event. medvedev goes on to face belgian qualifier ruben bemelmans for a place in the last 32. even say one year ago, i was 250 in the rankings. if somebody told me i would win, not only play but win on the centre court in wimbledon, i