Worked so much in the first couple of quarters. We are also expecting our investment ipo tomorrow. It is a very, very busy year for us, all in all. You are looking at health care opportunities. Everybody else seems to be doing that. That is why valuations have skyrocketed. What are you finding and what are you concentrating on within that space in particular . Nisa it is interesting. Board. St across the is, is really interesting when we invested in the first company, the first Vaccine Company to list in hong kong. One of our Companies Went out in hong kong, the first device company. Venus, thepo of whole medical device sector has become hot this year. Seen 25 areas we have Companies Getting funded in china alone. I am not sure about the competition. On the discovery side there is also excitement. Because valuation has grown so much, we would still stay away from very expensive deals. Historically, we have been investing 75 at least. Systematically we have been doing the same thing as
Surging. Awayee emfx which has come , it is coming off as well with the exception of the taiwanese dollar which is stating stable. ,he one, the renminbi won the renminbi they are off. You see the aussie 10year yield lower to 87 basis points. The chinese 10year yield is a turning point. We have seen a selloff in chinese bonds, this could be the Inflection Point to head lower. And we mentioned the oil price, it seems like the recovery could tolongstanding according the fed. We are seeing oil heading to its first weekly drop in two months. In thea trepidation markets come the s p dropping as much as 6 . Lets get perspective. Mark renfield cranfield joins us. We know lots of money is sloshing around. That could provide support for the markets. Mark i think we will have to get used to the higher volatility. But is one of the things we have been experiencing in the selloff in march. On a daytoday basis we get more big swings either up or down. 5 or 6 , movement has become more common. There
the authorities in northern italy say they ll resume the search for survivors of an avalanche in the dolomites on monday. at least six mountaineers were killed and eight others injured when parts of a glacier collapsed sending snow, ice and rock cascading down the slopes of marmolada. now on bbc news, it s hardtalk. welcome to hardtalk. i m stephen sackur. singapore is a city state that has thrived in the era of globalisation, international supply chains and mobile workers. but what happens when the geopolitical weather changes? when great power hostility and economic nationalism hold sway? well, my guest is singapore s long serving home minister, k shanmugam. is singapore s political and economic balancing act sustainable in a world of rising tensions? minister k shanmugam in singapore, welcome to hardtalk. thank you, mr sackur. let me ask you about singapore s model. it was sort of set up by lee kuan yew. it s been in effect for well over six decades. it combines economic
is singapore s political and economic balancing act sustainable in a world of rising tensions? minister k shanmugam in singapore, welcome to hardtalk. thank you, mr sackur. let me ask you about singapore s model. it was sort of set up by lee kuan yew. it s been in effect for well over six decades. it combines economic openness with a real sense of political control and social control. do you think that model needs to change? well, i disagree with the assumptions in your question about political control and economic control. you know, in the last elections, we had 61%, the opposition had 40% of the votes. voting is free and fair. the reason why the pap has managed a substantial dominance is because in 1965, when the pap came to. when we took independence, or when we had independence thrust upon us, gdp per capita was about $500. today it s $55,000. it s. on any index that you look at education, healthcare, housing, law and order we are, you know, in the top three or four i
dropped its objections to finland and swedenjoining nato after spending weeks refusing to do so. turkey had accused both countries of harbouring kurdish militants but says it has now got what it wanted from talks at the summit in madrid. now on bbc news, it s hardtalk with stephen sackur. welcome to hardtalk. i m stephen sackur. singapore is a city state that has thrived in the era of globalisation, international supply chains and mobile workers. but what happens when the geopolitical weather changes? when great power hostility and economic nationalism hold sway? well, my guest is singapore s long serving home minister, k shanmugam. is singapore s political and economic balancing act sustainable in a world of rising tensions? minister k shanmugam in singapore, welcome to hardtalk. thank you, mr sackur. let me ask you about singapore s model. it was sort of set up by lee kuan yew. it s been in effect for well over six decades. it combines economic openness with a real sense