And 88 years. Starwood hotels snaps of three properties there. Shouldd says marriott improve its takeover bid. Austrias Prime Minister clearing the way for an early election, warning the upper tradeof cracking down on unions, what he calls a handbrake on growth. Do let us know what you think of our top stories. Follow us rishaadtv, include trendingbusiness. ChinaHong Kong Markets underway in 30 minutes. Singapore, taiwan, and malaysia started. Here is david. David some weakness coming through in the last 30 minutes or so. Markets in the philippines and Hong Kong Open up. Seatght see more weakness in because a lot of these markets have enjoyed quite a run up into friday. The fifth week of gains, philippines entering bull market. Taiwan and jakarta might follow suit. Weve also gotten to a point where some of these markets, a fairly big portion have entered overbought terrain. Of thelking 20 philippine composite, 20 of the straight times index, hong kong also 20 , technically overbought. ,hat said, a few other things taiwan export orders coming out as well as hong kong inflation. Apart from that, nothing much to trade on. Were looking at technical indicators. Just something thats happened over the last five or 10 minutes or so, australia, the oil prices ,ome down, 39 for crude dragging a lot of the energy names lower in australia. Thats it so far. We will see what happens when hong kong and china open up. Rishaad chinese policymakers warning of risky levels of debt after the National Peoples congress targeted 6. 5 growth. Those comments came from the pboc governor. It will be a difficult balancing act for beijing. We have a look at the challenges ahead. Do not envy the challenges ahead for chinese policymakers as they try to transition the economy towards a deleveraging and the supplyside reforms, all tied up as the economy continues to slow. Chinese policymakers have at least addressed the elephant in the room, the credit elephant in the room. Many analysts warning that , againstebt overhang the background of the slowdown in growth, does pose the biggest systemic risks to the economy. Moodys essentially cutting their outlook for china and threatening a downgrade on the back of this ramp up in credit and these leveraged risks. The pboc governor said chinas gdp is 250 , and the situation probe roses macro risks. Risks macroco risks. This is growing at a time when Leveraged Companies are going on overseas spending binges. Identifying the problem is one, fixing it is another, especially that 6. 5 has set growth target for 2016 onwards. That suggests that the policy priority is still growth over reform over deleveraging. We also heard from the vice. Remier, who suggested a plan there is all so this debt to Equity Program being studied by the bank regulators. That would allow banks to swap out that in return for equity debt in the same companies. They are trying to deal with this pile of bad loans on the balance sheets. In theory, that frees up more capital for more lending, something of a strange cycle given the point is to deleverage in the first place. What will really help the situation is more robust, more developed, capital markets. Financial institutions and china are still underdeveloped. Companies can increasingly rely more on Equity Financing and be less reliant on debt. Rishaad we have this tantalizing 13 billion offer dangling in front of it. Accept theys it will takeover bid from anbang, ditching a previous takeover bid from Marriott International. Anbang have increased their offer to 78 a share, two dollars more than their initial bid, and in cash, 13. 2 billion takeover deal. Anbang tying up with a private equity firm and Chinese Investment firm on this bid. Groups fully financed officer officer is superior to marriotts. Marriott has until march 8 to come up with a counter offer. It is carefully considering its alternatives. Back in november, if you remember, starwood had agreed to an offer from marriott that would have created the Largest Hotel company in the world, but if the new deal goes ahead, starwoods will have to pay marriott a 400 million breakup fee. Anbang is making a big push into the u. S. Hotel business, paying nearly 2 billion for the waldorfastoria come and agreed to pay 6. 5 billion dollars for Strategic Hotels and resorts, 16 Properties Across the u. S. To getd would need approved by regulators and shareholders, and if the deal goes ahead with anbang, the biggest takeover of a u. S. Company by a chinese buyer, and that outpaces the nearly 7 2013,n purchase back in but might also get flagged by the committee on Foreign Investment in the u. S. , a Government Panel that looks at acquisitions of u. S. Businesses by foreign buyers. Have a morewill detailed look later in the show. We want your opinion. Tweet us your rishaadtv opinion rishaadtv tweet us your opinion rishaadtv, and include trendingbusiness. The imf warning vietnams economy could be at risk. Christine lagarde has warned vietnam is honorable to external shock waves if it does not push the reforms strengthening its Banking System. Toldtine lagarde has Bloomberg Television that the Southeast Asian is not Strong Enough to withstand weaker Commodity Prices and tightening monetary policies elsewhere without these reforms. The head of the imf was in vietnam to meet with country leaders, saying it has one of the worlds most open economies. A strong have transition of the chinese growth model, if you have Commodity Prices that will fall lower and for longer, then it would expose the vietnamese economy, and that would not be good for the vietnamese population. The longrunning saga of the sharp bailout by foxconn remains delayed. Beare hearing a deal may not signed this month. It has been 25 days since our board voted in favor of the bailout proposal, choosing the offer over another bid. Since then, foxconn chairman has held off signing the agreement was sharp as advisors look at sharks books. Foxconn has sought to reduce the amount and wants more clarity on sharps performance. The Taiwanese Company also seeking to reduce payments for new shares by 10 to 20 . Foxconn and sharp says they are working towards a final agreement, but Neither Company has set a signing date. Chinas richest man is coming to. He rescue of fifa group has become the first major sponsor of fifa since the scandal ousted sepp blatter. Like other wealthy chinese, aggressively investing in soccer since the president made the sport a National Priority. This is run by Sepp Blatters nephew,. The deal will run through 2030. A much needed injection for fifa , 100 22 million loss for 2016, the first time in the red since 2002. Rishaad on her website, chinas consumers and how ignoring the bears, buying up big on spot is, travel, entertainment. That is on bloomberg. Com asia. Coming up, happy birthday twitter. The social networking site turning 10. Some saying it is already over the hill. The oil plunge, our next guest says the worst could be over. That and more on trending business. Checking what is going on mark and wise. Market wise. Us . He worst behind are we going back there . Hopefully not. The reality is people expected calm after the end of last year, and thats not how the year started. If we think about that big impact we are having, a lot of , thatum around etfs momentum is continuing to extreme levels. Rishaad weve had quite a runup, but then you have to say do we have another move down or consolidate at these levels. Mostly consolidate around these levels. We have seen the change in commodities and risk assets leading things down now stabilize. Thats giving an indication cheap violations, particularly in emerging markets, that we do need to consolidate these gains. Rishaad you have u. S. And nonus, can you divide the world like that. And china of course. Questioning what is happening in places like japan and europe with Monetary Policy. Rishaad we have two different ways of looking at the world, havent we . The fed with that surprisingly dovish statement. What has been the overall impact . Weve seen currencies in europe and japan continuing to hold onto that strength. The other thing is also making market say, the fed is not going to increase rates as quickly as we thought, potential he looking to increase or stephen the curve, which will be positive for a lot of risk assets. Rishaad thats what we have there when it comes to it. A dominant theme has been oil. Oil prices going south 30, people talking about 20 a barrel, are we pass those days . For a while . Of observation i would make his we go back a couple of years, 110, 26, now we have rebounded almost 50 . Fundamentals, if inventories increased, that is what will play on peoples minds. Secondly, the structure of the market has changed. Shale producers easier to switch on and off capacity, which will put a ceiling than going back to the highs. That being said, you get to a point rishaad and iran. Look at relationships between russia, saudi, iran coming online, that is driving prices down. Rishaad thats just it. Strange how all these equities have been working in tandem with the oil price . Yes, risk assets have tended oil,ve, obviously commodities, and emerging markets have been the risk assets, but that is starting to change a little bit. Whether its brexit or european banks becoming the new risk proxies as people becoming less concern. Rishaad also the foreign exchanges, running entirely counter intuitive to what happens. You dont expect the yen to rally when you get negative rates. It has come back to where positioning is and where the concerns come. Reducing Interest Rates helps out boroughs, but considering what it means for banks and what it mean for the financial system, people question that a little bit more. I think that is where we are sitting at the moment. Rishaad is it netnet net negative for the banks . If you consider what banks are doing, pronk short lending longs, collapsing the curve, and particularly with what is happening with assets. Rishaad especially the european ones. They need someone to steep and it. That is what the market is trying to tell you, and part of the reason why the fed has done is because they are keeping up the dollar part of the curve. Rishaad what is your advice . What is the top question you are asked by investors and what you tell them . I think one of the things to peopler is that a lot of are underweight in emerging markets, and underweight commodities. As a result, were seeing the steep reaction. The key for most people to consider is where we see valuations around the world if we are going to be in a more benign environment. Valuations are supportive, and there are quite a few emergingmarket assets in that category. Rishaad thank you for that. Now to the stories making headlines around the world. Barack obama arrived in havana for a threeday visit, the first sitting u. S. President to travel to cuba since Calvin Coolidge in 1928. They are accompanied by u. S. Lawmakers from both major parties, corporate executives, and problem prominent cubanamericans. The president has restored relations and removed banking restrictions, but only congress can lift a trade of bargo trade embargo. Russian investigators say the flight recorders recovered are severely damaged, all 62 people on board the boeing 737 were killed when it crashed and burst into flames while making a second landing attempt in russias south. Airline ceo says conditions for landing were appropriate, the weather was bad, and at least three other flights due to land at the airport diverted elsewhere. Hasilian miner vale confirmed the death of its ceo and a light plane crash. He, his wife, son, and daughter, died when their single engine turboprop came down minutes after takeoff. The president pay tribute to overseeing anale, increase in its market capitalization. Powered by over 2400 journalists and 150 bureaus around the world, this is bloomberg news. Next, a up sophisticated operation, more details emerge about how hackers managed to steal from Bangladesh Central Bank. Rishaad you are watching trending business. I am rishaad salamat. Su keenan in new york. The week ahead in wall street will be a shortened week due to the good friday easter holiday, all markets closed on friday. A big question for the first , candays, u. S. Investors the comeback continue . All major indexes now in the green for 2016 after one of the worst starts to a new year in history, and an impressive comeback rally helped by the fed forecast for fewer Interest Rate hikes this year. Data will continue to be front and center, orders for durable goods are likely to have declined in february as manufacturers continue to grapple with weakness overseas and the lagging demand for business agreement. We will also get the latest economistles data, projecting that previously owned homes sales fell in february, while sales of new homes climbed for the first fourth time in five months. Apple set to unveil a smaller screen iphone and ipad. Hackers stole more than 100 million from the Bangladesh Central Bank, stalking its Computer System for weeks before gaining access. An interim investigation shows a Sophisticated Group of hackers. Lets get more with our Southeast Asia correspondent. Engths did the hackers go to . Forhey were in the system two weeks, installed software that allows reentry, and to make the payments look legitimate, deployed malware. Investigators say it is the type of operation mounted by state actors. Interim investigators others suggestby they covered their track every step of the way, all logs deleted. It is a money trail from the fed in new york, sri lanka, philippines, about 100 Million Dollars stolen, 81 million into the philippines, another 20 million and to sri lanka, all part of a bigger attempt to steal 1 billion. The fbi now to help with the probe. Rishaad how farreaching are the consequences for the philippines here . Is it at the risk of being blacklisted . It could threaten the wider Financial Sector in the philippines, and according to one senator, the country make it blacklisted as a Money Laundering haven. Money laundering is a longstanding problem in the philippines. As well is the credit rating. It was raised to Investment Grade in 2013. The may be shortlived if government isnt able to allay concerns and show that it is taking actions. It has shown how money stolen from bangladesh was withdrawn and philippines, then cashed out in can see nose in manila through a local money changer. Out with local money traders in manila. A lot more information needs to be had for this to be resolved. Rishaad thank you. Lets have a look at some stories making headlines. Georgia boorses purchase of the London Stock Exchange saysche forces boorse byest and fueled expectations of a higher offer coming from the intercontinental exchange. Shares 14 higher than the deutsche 12. 8 billion offer. Monsanto said to be exploring possible deals with basf in the battle fors agenda. Buying its Crop Sciences business as well as 14 partnerships. The talks about the be the asset purchases of joint ventures. All refused to comment. Rishaad a look at some of our top stories. Its taking Chinese Companies twice as long as there peers to get paid by customers. Firm has to wait 83 days to collect cash. The accounts receivables have risen by almost 25 to nearly 600 billion, cash shortages are threatening chinas vast supply chain. Starwood hotels planning to accept a 13. 2 billion takeover insurances anbang group. Share, aying 78 a , givenrth 69 a share until march 28 and renegotiate. Foxconn takeover of sharp at risk of collapsing as delay in financing goes on. Reports, foxconn seeking to pay 20 less for 4. 4 billionthe dollars initially agreed over concerns about liabilities and future earnings. It has been 25 days since the board voted in favor of a bailout. Bit of a turnaround taking place when it comes to asian equities, the first trading session and shanghai and hong kong. Here is david. David were watching for a few things. ,he standout to the downside markets and taiwan and australia, perhaps for a different reason. Markets taiwan markets pulling back from a bowl ll level. Bu elsewhere, china, three things, a story on bloomberg, on the website, basically loosening up rules on margin financing. We will see how that plays out. To look at the two big rallies over the past two years or so. At banking shares, and ipo and hong kong, tianjin bank. People familiar with the matter basically saying they price this ipo towards the bottom end of the range. Pboc, what is the yuan doing now . A little bit weaker. Overall, japan closed to mark the first day of spring. If you look outside hong kong, it looks like the middle of winter. Fairly mixed at the moment, nothing much to trade on. I will leave it there. Rishaad it does look gloomy. Byrwood says its takeover anbang would mean ditching a previous offer from Marriott International. Insurancee the anbang deal is far more attractive, allcash. That is the upfront what you see in the comparison. I think there is more behind the scenes that the board at starwood has to consider. Number one, there is cost synergy with marriott, but what is not detailed is the revenue synergy, and underperforming starwood base of assets into marriott. They have a proven track record of being able to do that sort of thing, and you end up in a few years with a value greater. Hand is worth two in the bush, but tha