To hold talks wit the main parties in Northern Ireland at downing street. Now on bbc news all the latest Business News live from singapore. She has done it us Interest Rates rise to their highest levels since the 2008 financial crisis but now what . Overall we continue to expect that the economy will expand at a moderate pace over the next few yea rs. Moderate pace over the next few years. And it is crunch time in the bidding warfor years. And it is crunch time in the bidding war for toshibas chip years. And it is crunch time in the bidding warfor toshibas chip unit but wary as japan, which has traditionally stood behind its troubled companies . Hello, welcome to Asia Business report. Despite lacklustre growth the American Central Bank has taken steps to cool the Worlds Largest economy, forging ahead with the second Interest Rate rise this year, signalling another is on the cards in 2017. The fed reserve, led by the chair, janet yellen, had plans to shrink the Bond Holdings and massive
we ll come to that in a minute. but let s start with the money. this is my colleague rupert wingfield hayes in tokyo. the ioc argues its revenues are a global good. its website tells us that, between 2013 16, it brought in $5.7 billion us, and that every day, the ioc distributes about $3.4 million around the world to help athletes and sporting organisations. and this money creates great power for the ioc. but if a games don t happen, there sjeopardy, too. 73% of the ioc s revenues come from broadcast rights. so, if there s no sport to show, someone will get a bill. this article on the nikkei website has the headline.
tough enough to withstand another financial shock. i think they ve injected themselves into a situation that s beyond their comprehension. plus a former fed boss paul volcker has a blunt message for the ratings agencies. quit meddling in things you don t understand. we have that candid interview in full. but first, though, we begin with the tide of debt that is causing problems on both sides of the atlantic. this of course with the results of the european banking stress tests out later on today. now, that is seen as one of the one of the most debted nations, italy, is of course trying to fight to stave off a bailout to become the fourth euro nation if it were to do so to request one from the imf, the eu and also the ecb. this was the scene just yesterday as lawmakers approved a four year, $57 billion austerity plan. the lower house is expected to adopt some of these measures later on today. and newspapers have been having quite a field day with this situation. let me sh