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designing also, caution is in the air as president donald trump prepares to address the nation and the world. he will call for unity after a deeply divisive year. yvonne: just starting things off with breaking news out of south korea, industrial production numbers missing by a longshot here, here are your numbers, falling 6% for the month of december. we were expecting that we would see a bit of a rebound here of a contraction of 1.5%. we were expecting in october 6% soe saw that plunge in we have not seen the momentum yet when it comes to these numbers even though export growth still remains quite strong. there is a lot going on with the south korean economy in general. something to watch here, the month over month numbers not looking good as well. the territories down half of 1%. in the meantime, we have been talking about the red across the screen for the last 24 hours. we are expecting day three of decline here in the asia-pacific. as we mentioned, we saw a global ....
briefing you on all you need to know in global news, business and sport. and you can be part of the conversation. tell us what you think. just use the hashtag #bbcthebriefing. the stalemate continues in south africa, where president jacob zuma is still desperately clinging to power this morning, despite intense pressure from within his party to step down. talks on sunday failed to persuade the former anc leader to quit. senior party members will meet again later to decide their next move. it has now been almost two months since mr zuma was replaced as head of the ruling party. andrew harding reports from johannesburg. he is swamped by scandal. south africa s president, jacob zuma, has already been found guilty of breaking his oath of office when he upgraded his private home, lavishly, at the taxpayers‘ expense. more recently, his friendship with the controversial business family the guptas has fuelled allegations of massive corruption. state capture , they call it he ....
sentence. this is bloomberg markets: middle east. i m yousef gamal el-din in dubai. a lot of the reaction we are seeing in the asian session is still a little bit in response to what we saw on friday. jump into the bloomberg with me and let s take a look at the global market map. some of the japanese stocks coming under german this pressure. the nikkei down 2.5%. electronics makers the biggest drag. the asia-pacific index is on course for its biggest drop in almost 14 months. that is some context for you there. the foreign exchange space downg you got the chinese %, also the brazilian r the brazilian riyal. also some readjustments on the trade wti down over 1%. i want to show you what is happening with the bloomberg dollar index that is key to this conversation. a little bit of a downside as we speak. dollar-yen wanes. we see some of the capital flowing into that down 2/5 of 1%. two blips.r up by u.s. equity futures, where are we at? down almost 2/5 of 1%. let s chec ....
and we ll be getting the inside track on marketing the world famous kew gardens. its commercial boss tells us how the gardens funds one of the largest plant collections in the world. today we want to know about your travel trials as ryanair profits take off, are you fretting about the prospect of disrupted flights over the summer hols? let us know, just use the hashtag bbcbizlive. hello and welcome to business live. the heir to samsung, the world s biggest smartphone maker, walks free as south korea court suspends his jail term for corruption. the appeals court upheld jay y lee s bribery conviction but cut his prison sentence to a suspended term, ordering his immediate release. lee, the vice chairman of samsung electronics, saw his sentence for charges including bribery and embezzlement, suspended so he does not have to serve time. lee was convicted in connection with the sprawling corruption scandal that brought down former south korean president too. why is it so sign ....
finds over the carmaker s cheating jay y. lee is set free from jail shares of the tech giant trade higher and german coalition talks continue past the sunday deadline as angela merkel conservativ conservatives and the spd fail to find common ground on the labor policy okay let s bring you up to speed with the eurozone pmi numbers if i m just trying to bring them up here. and i think oh, here we are, eurozone generally, final composite pmi number is a strong one on the face of it. 58.8, 58.6 was the flash number, so we ve exceeded expectations on that one. the december final number was 58.1 so, this is a very strong number for the head line final composite. let s break this down. final services pmi coming in at 58 above the flash figure of 57.6 the december final figure was 56.6 the final composite price for pmi, 54.8. 54.6 was the flash, the final, 58.2 so far, so good. the numbers are exceeding what we saw in the prime month and also at first blush. new busines ....