More on our website, bbc. Co. Uk news, and the news app. Now on bbc news, live to singapore for Asia Business report. Wall street and the trade war. Us stocks hit yet more record highs, but is a deal reallyjust around the corner . Softbank struggles as the japanese conglomerate pushes ahead. We look at the problems facing its vision fund. Softbank. Good morning, asia. Hello, world. Its a wednesday. Glad you could join us for another action packed mid week edition of Asia Business report. Im rico hizon. We start the programme with the ongoing us china trade conflict, because wall street shares have edged up to more record highs overnight, as investors look past some weak Economic Data to focus on President Trump saying that the worlds two biggest economies are close to an agreement on the first phase of a deal. The bbcs vivian nunis has more from new york. Donald trump said on tuesday the United States was in the final throes of its push to reach a trade deal with china. The president s
To undermine hong kong protests. What the company say theyre doing about it. And peering into palantir. Our exclusive conversation with the ceo of text most secretive and exquisite companies. Alex karp tells us why protesters wont stop them from doing business with the Trump Administration. But first, u. S. Announced this week it would extend a limited set of exemptions that protected Rural Networks and other customers from a ban on doing business with chinas huawei. This comes as the trade war wages and with u. S. Tech feeling the heat in anticipation of tariffs. One tech ceo is taking his concerns about possible tax straight to the top, apples tim cook. A move that is apparently impair impressed President Trump. I have with everybody, but he is when you called me. That is why he is a great executive, because he called me and others do not. Others go out and higher extensive consultants. And Tim Cook Donald trump directly. Pretty good. And i would take the call to. But yeley when he c
In the u. S. , which we had to reduce our tax asset, reducing completely our tax level in the u. S. , with Significant Growth of our net profit. Swiss re says it is considering a partnership with softbank after better than expected profits and returning more cash to shareholders. We feel comfortable that we have the ability to return funds to share hoholders. And a number of negative earnings limit cap gains in europe as James Bullard tells cnbc that rates should not go up too quickly. The idea that we have to go 100 basis points in 2018, that seems like a lot to me thats price for perfection. Everything would have to go just right. The economy would have to surprise on the upside a bunch of times in the year im not sure thats a good way to think about 2018. Good morning flat open so far across europe the stoxx 600 slightly into negative territory, but not by a massive, massive margin. Its down less than 0. 1 we look at the individual markets, you can see its a bit of a mixed picture t
The president of emirates tells us how hes plotting a course for clearer skies after a tough 18 months for the middle easts Biggest Airline. And staying with airlines, the boss of easyjet says hell cut his salary to match that of his predecessor. So today we want to know, would you reduce your pay to the same as a colleague . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to business live. The uk economy will grow more slowly outside the European Union no matter what deal is struck with brussels, a leaked government document suggests. The Buzzfeed News website reports that whitehall analysis found that growth over the next 15 years could be up to 8 lower than if the uk stayed in the eu. Government sources say the uk will not be worse off, and its preferred bespoke trade deal option was not analysed in these figures. Were joined by our economics correspondent andrew walker. What correspondent andrew walker. Does it tell us, if ar well, what does it tell us, if anything
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