Second straight quarter. It flames Week International demand and investment in ecommerce. Shery this hour brings another snapshot of the japanese economy. Trade data may show the deficit balloon in november. First, lets get you to the market action. Australia has come online. Sophie aussie shares opening, a little change to the upside with the benchmark twopoint shot of a fresh record. The aussie dollar Holding Losses after the rba reinforced the inw for its rba rate cut february. Pricing at a 59 chance. Thailand rates decision. Expect it to stay steady as it is stabilizing. We also waiting on japans november trade data later this morning. Nikkei futures pointing lower ahead of that. Overall, looking like a soft start of the session after asian shares closed at a high, with fresh eyes across the region including india. Right. L ll lets check in with the first word news with jessica summers. Jessica sterling slumped the most since january as fx traders gave a thumbs down to Boris Johnso
Our main story is the fallout from the collapse of the construction and Service Company carillion which went into liquidation yesterday putting thousands ofjobs at risk. Workers employed by carillion on private sector contracts will no longer be paid by the government after tomorrow. Ministers have ordered an urgent investigation into the directors of the company. They also want the conduct of previous directors to be examined. Ministers are due to meet trade Union Representatives within the hourm as a growing number of firms say they are facing big losses. The chancellor has said that essential Public Services contracts will continue. 0ur correspondent Simon Gompertz has the latest. This is the sort of work, painting offices and newly built flats, that the carillion collapse is putting in question. A london decorating company which had 30 people turn up for a job to find suddenly there was nothing to do and £2 million of orders had disappeared. Carillion took on the contracts, then f
We look at how the scandal could impact the japanese economy. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] i am sarah kelly. Thank you for joining us. Marooned in special election has taken place against burundis special election has taken place against a backdrop of violence. Leaders have guided the vote saying it was unconstitutional and other serious candidates were prohibited from campaigning. It has plunged the room d into crisis fearing the violence could escalate into another the room the burundi into a crisis fearing the violence could escalate into another civil war. The polling stations were almost deserted. I did not go to vote, this man says. I reject the idea of a third term for this president. It is unconstitutional. Many fear a return to political unrest. There is no security in burundi. We are not sure what is happening. Incumbent president voted in his home village arriving by
President tanaka attended an emergency Board Meeting on tuesday with norio sasaki and atsutoshi nishida. They told Board Members they were quitting. Sasaki had been serving as vice chairman and nishida as an adviser to the board. On monday, members of a special panel released the findings of a investigation into irregularities at toshiba. In the report they blamed executives for inflating profits. They said there was a systematic problem at the firm that went all the way to the top. They also said toshiba will have to write down operating profits between fiscal 2008 and 2014 by about 1. 2 billion. The Panel Members found irregularities in a wide range of toshibas businesses, including infrastructure building, semiconductors, and personal computers. Members of the panel met with reporters on tuesday after issuing the report. Translator we were shocked to discover that one of the most Prominent Companies in japan systematically padded its earnings. The panel leader also said a Corporate
President tanaka attended an emergency Board Meeting on tuesday with norio sasaki and atsutoshi nishida. They told Board Members they were quitting. Sasaki had been serving as vice chairman and nishida as an adviser to the board. On monday, members of a special panel released the findings of a investigation into irregularities at toshiba. In the report they blamed executives for inflating profits. They said there was a systematic problem at the firm that went all the way to the top. They also said toshiba will have to write down operating profits between fiscal 2008 and 2014 by about 1. 2 billion. The Panel Members found irregularities in a wide range of toshibas businesses, including infrastructure building, semiconductors, and personal computers. Members of the panel met with reporters on tuesday after issuing the report. Translator we were shocked to discover that one of the most Prominent Companies in japan systematically padded its earnings. The panel leader also said a Corporate