Find out how japan find out howjapan is considering rewarding businesses with a tax cut. And china releases trade data for the month of november. We find out what we can expect. Hello and welcome to this friday edition of Asia Business report, im sharanjit leyl. Weve been talking a lot lately about Donald Trumps tax bill but the japanese government is also considering some new rules to boost the economy. The package will go to prime ministers shinzo abes cabinet today, where it is expected to be approved. The package rewards businesses that increase wages and investing productivity growth by offering tax cuts. For more we are joined by our Business Report of carrico i. Reporter mariko oi. The tax rate in the pan has been coming down significantly under the current prime minister, shinzo abe injapan. When he came to power in 2012 the tax rate was almost as high as the us, at 38 . But for the upcoming fiscal year, starting in april, it is expected to go below 30 . And if this new package
Fullyear guidance and blames restructuring costs. And Fiat Chrysler shares rally as the Company Promises company bonuses on the back of u. S. Tax reform and unveils a billion dollar investment in michigan now, on to one of our top stories, german lawmakers reached a break through in negotiations to form a Coalition Government according to reports. This allows them to move on to formal Coalition Talks a coalition paper says the cdu and spd want to strengthen the eurozone by partnering with france it says germany is prepared to boost contribution to the eu budget and germanys domestic budget will be balanced without new debt weve seen quite the reaction in euro dollar. We had a bounce in the currency pair following on from the hawkish ecb minutes. You can see again euro dollar is having a strong day today, up 0. 7 in trading. Breaking through the 1. 21 mark for the first time in a couple of years now, lets get out to annette in frankfurt. What can you tell us about the socalled break thr
A chinese equity spooks investors away from hikes in asia since the best start since 2003 and there are greater worries of an spd rebellion and signs of a division between a deal with Angela Merkel conservatives. Good morning, everyone its monday. Its Martin Luther king jr. So the u. S. Out for today the hanover from asia was a little mixed we did have a strong session in top topix. Different picture in china, well get into some of those stories in just a little bit as you can see the hanover is grim when it comes to the stocks, the market is opening 10 weaker lets get to individual indices. The number one story in uk this morning is the yen inside administration according to the reports from the bbc there are three banks that have sizable exposure you can see the ftse 100 is trading in the red this morning. In fact, that say theme across the board. You can see every single European Index is trading in the red. I did want to alert you to dax as well. With the talks taking place, but th
Stake. The head of our board has decided not to renew that agreement. Standard Life Aberdeen sees red after a 100 billion pound contract is ditched. And the end of the road for jacob zuma the South African outgoing president resigns ahead of a nonconfidence vote saying the anc should to the have forced him out this way make no mistake, no leader should stay beyond the time determined by the people they serve. Good morning airbus shares have taken flight to the top of the stoxx 600 after the Aerospace Giant reported a rise in fullyear operating profit and issued a bullish forecast for 2018. There was, however, a fresh 1. 3 billion euro charge related to its a400m military plane airbus raised its dividend also. Shares in nestle are heading the other direction as earnings disappoint investors shares hit a ten month low as the Company Announced a dividend below expectations lets look at some issues that those numbers have revealed. If we look, we can see the bottom line was mainly hit from
And from cows to coding. We meet the woman with a remarkable career that began on a farm in rural illinois and has taken her all the way to the shining lights of silicon valley. And with polls now open in the uk General Election, we promise a politics free programme. So let us know what you make of the stories were covering today. Get in touch in the usual way. Use the hashtag bbcbizlive. Hello and welcome to Business Live. When we say politics free, we do refer to the uk election and not the politicking going on at the moment in the middle east. We start in the gulf state of qatar, where concerns are growing about the economic fallout after neighbouring arab states cut off diplomatic and trade ties over its alleged support of terrorist groups, something doha denies. Late wednesday, top Credit Rating Agency Standard and poors cut qatars Credit Rating, with a warning it could be cut further still. Its stock market is down almost 10 in the last three days, and its currency is at an 11 ye