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tv   Asia Business Report  BBC News  January 28, 2019 1:30am-1:43am GMT

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our top story: the death toll from a dam collapse in south—eastern brazil has risen to 58 people as hopes fade of finding the missing. rescue workers were forced to stop the operation for several hours fearing that a second dam was about to give way. but it's now believed to be safe. two bombs at a roman catholic cathedral in the southern philippines have killed around 20 people and injured dozens more. and this story is trending on bbc.com. and the girlfriend of the late us rapper xxxten—tacion has given birth to a boy — seven months after the artist's death. the pregnancy was revealed last june, shortly after the rapper was shot and killed in florida at the age of 20. stay with bbc world news. banned, if they fail to remove content that promotes
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banned, the ey fail to remove banned, the ey fail‘ the move banned, the ey fail‘ the longest é% banned, the ey fail‘ the longest government in history a dam %:—lf , you and other exciting edition of asia business “ee‘* off
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shut down in history on government shut down in history on friday. donald trump announced a deal had been struck with democrats to temporarily reopen federal agencies that had been closed for 35 days, leaving some 800,000 government workers underpaid and millions of americans without key services. let's look also at what is happening in the rest of the week on tuesday and wednesday, the us central bank, there is another round of negotiations with us and china. this time in washington, dc. can they come up with a solution to end they come up with a solution to end the trade war before the deadline at the trade war before the deadline at the beginning of march? we will find out at the end of the week. and the trade talks ironically coincides with the us to request the huawei cfo's extradition from canada. it has increased tensions between the country. we spoke with margaret and she spoke about how strategist and she spoke about how it has boosted pools.
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strategist and she spoke about how it has boosted poolsi strategist and she spoke about how it has boosted pools. i think it was a signalfor the a welcome signal for the reopening of the us all of the of the us government. all of the inflows will get their payback. i this will. a inflows will get their payback. i this will i a positive tone think this will set a—pesitivetene think this will set a—pssitivetene fi’ if;: f today and for asia's market opening today and investors - have a lot to focus investors will have a lot to focus this week. we have four out of on this week. we have four out of the five us on this week. we have four out of the five - us technology the five was; that the five we; that are this about . us— about. us— china microsoft. talks? we have a deadline on 115351??? fie}; r535 35 gigglgfi of march. could they 115351??? fie}; r535 35 gigglgfi reach ‘ch. could they 115351??? fie}; r535 35 gigglgfi reach an could they 115351??? fie}; r535 35 gigglgfi reach an agreement on more puzzle —— more import? your kit on? 7 most lightly isa is a on trade level. —— the most chst‘e‘hedé‘exel ,, eee—assei outcome. chst‘e‘hedé‘exel ,, eee—assei ‘ outcome. there chst‘e‘hedé‘exel ,, eee—assei ‘outcome. there is chst‘e‘hedé‘exel ,, eee—assei ‘ outcome. there is still $ i“ii,t
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china's trade practices. they will property and structural reform of china's resolvedaci a es. they will property and structural reform of china's resolvedaci a sleeetey will of property and structural reform of china china vedaci a sleeetey will of property and structural reform of china china is daci a sleeetey will of to give a on easily. on cautiously and - cautiously and that cautiously and that could usly optimistic. éfiii 251—135. see; dampen investors' this week. the sentiment this week. what about the meeting on and surprised rate hike or. rates jetta | think the trade and remain unchanged until the trade and growth uncertainties are cleared. -- remain unchanged until the trade and gthink uncertainties are cleared. -- remain unchanged until the trade and gthink it ncertainties are cleared. -- remain unchanged until the trade and gthink it will tainties are cleared. -- remain unchanged until the trade and gthink it will remain are cleared. -- remain unchanged until the trade and gthink it will remain unchanged. -- i think it will remain unchanged. there is no rate hike in the horizon until the second half of this year. in other business use, making headlines, former starbucks off howard schultz has said he may run for the white house. in a tweet he says, "i love our country and i'm simply considering running for president as a centrist independent.
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i. we president as a centrist independent. " we will - if he will president as a centrist independent. " we will if he will run " we will see if he will indeed run for the " we will see if he will indeed run fortheéezf " ' " we will see if he will indeed run for the ”i post' ' " we will see if he will indeed run for the ”i post is? well on the russian‘flmfiflm s; 7 7 russian‘flmfiflm the??? 7 7 to the russian government. the democrats a toie restrictions. ' " " to restrin fins " ' ' " ' ' to restrin eéi: mail" " ' ' " ' ' to restrin itéhfiaiii'" " ' ' " ' ' to restrin it couid " ' ' " ' ' 15,000 jobs. they have reduce 15,000 jobs. they have received their search in the emerging after the dam collapsed. brumadiho. it has been two days already of rescues so rescue teams are not too hopeful about finding
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great numbers of people. this is shaping up to be one of the worst human tragedies in brazil's history involving make the veil, a big mining company that was involved in a similar accident three years ago which was back then brazil's worst environmental damage in history. back then not many people died but this is shaping up to be quite a human tragedy. —— involving vale. this is shaping up to be quite a human tragedy. -- involving vale. us john national security adviserjohn bolton has warned then is whether that any threats against us ee5e 5525 eefesee eeeihee h5 7 ee5e 5525 eefe5ee. 5§5|fiéf ll; ' 01’ ee5e 5525 ehfe5e5 5§5|h5e ll5 ' or it won why don't ee5e 5525 ehfe5e5 5§5|h5e ll5 ' met. or it won why don't ee5e 5525 ehfe5e5 5§5|h5e ll5 ' met with it won why don't ee5e 5525 ehfe5e5 5§5|h5e ll5 ' met with a : won why response. ee5e 5525 ehfe5e5 5§5|h5e ll5 ' met wi' be :won why response. ee5e 5525 ehfe5e5 5§5|h5e ll5 ' met wi' be :won wi thatsponse. imm- impact crude the world. - take a 5 at the latest oil prices {55515tfef i i i” i “45 light , r—— ,
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”555 light crude '” ' ”555 light crude is = elm-- m crude also down. and this crude dilso down. and this crude anaiystjifm. ancithis crude anaiyst spoke resource this resource enelystspokei it. resource this resource enelystspokei 1 it. dennis-lane ia produces about it. dennis-lane ia produces about it. dennis-lane ia produces about1.5 about it. dennis-lane ia produces about 1.5 million barrels a day. —— about it. dennis-lane ia produces about 1.5 rr it on barrels a day. —— about it. dennis-lane ia produces about 1.5 rr it o not'rels a day. —— about it. dennis-lane ia produces about 1.5 rr it o not a els a day. —— about it. dennis-lane ia produces about 1.5 rr it o not a significant — venezuela. it is not a significant player it venezuela. it is not a significant player - it comes venezuela. it is not a significant player- it comes to the total player when it comes to the total scheme of the oil market however if we do see action taken we do see further action taken because of geopolitical reasons, one would expect to see a movement in the oil prices and that would be to the oil prices and that would be to the upside. its extent, probably limited. we would think that brentwood at at about three or $4 —— brentwood at at about three or $4 —— brent would add. then it would stabilise the market probably over 65- $70
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stabilise the market probably over 65— $70 over the longer term. stabilise the market probably over 65- $70 over the longer term. at this point, global oil markets are still well supplied banks, in part, toa still well supplied banks, in part, to a spike in us output? no doubt about it. we have us output now bridging towards 12 million barrels a day and that is the highest vigor we have seen out of that country for ever. “— we have seen out of that country for ever. —— highest figure. if that production was a couple of barrels less, we would have a deficit supply and the oil price would be 15— $20 higher than where it is now. we don't think it did stage opec is don't think it did stage 0pec is looking for that. we know they are looking for that. we know they are looking to keep it away from $80 and they want to keep it above 50. that will be the trading range, quite quiet, yes, but they are the tops and bottoms —— quite wide. quiet, yes, but they are the tops and bottoms -- quite wide. the shock resignation of the president of the world bank which lends to developing
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nations to reduce poverty. president trump is worried about who runs the bank. as talks wrapped up in davos, we caught up with the interim president for an exclusive interview. we are an organisation owned by 189 nations. they are all represented permanently on our ward of directors of 25. and i can assure you that debates are such that they lead to consensus and our largest shareholder also subscribes to it. jin yong kim left abrupt leap. it was a surprise —— abruptly. he thought he would get a lot more done if he went into the. does that not reaffirm what many say, that the world bank is not relevant? well,
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oui’ world bank is not relevant? well, our shareholders voted with their pocketbooks. we got just our shareholders voted with their pocketbooks. we gotjust now our largest in history capital increase. they give us more so we can i more. they give us more so we can do more. we also have for they give us more so we can do more. we also‘ in/e for they give us more so we can do more. we also‘ in our for they give us more so we can do more. we also‘ in our $75 for the poor in our history, $75 billion. and i a re shareholders w— shareholders to w— my mjwe naomi haveffji m we naomi have ff‘the saturday, ‘one. eight| one. eight|on a
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.__ $8.5 .-- $8.5 the half 83 $5 -- $8.5 million. the fourth highest. athletes list williams. looking including serena williams. looking at the markets. thank you is ourtime with if " " ' f is ourtimiup th "es " " ' f artist-he 01>me 5555555954572: 5:5
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after its president, nicolas maduro, rejected a demand from several european countries including the country, and thousands are leaving every day to escape through fields and streams around the border, we find desperate venezuelans crossing illegally into colombia. among them is a schoolteacher here with her cousin, but upset at having had to leave their mother back home. translation: it's horrible.
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we're going through all of this just to get a bit of food because there is nothing in venezuela. there is nothing. as it was, she told me, her monthly salary could onlyjust buy her a dozen eggs. the opposition leaderjuan guaido as rightful president.
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"people feel defeated," he tells me. they don't have clothes or money and sleep in the open.
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cristiano ronaldo converted a penalty two minutes from time as serie a leadersjuventus came from behind to win 2—1 at lazio. it was the hosts who dominated the first hour, going ahead with an emre can own goal in the 59th minute. but joao cancelo levelled forjuve in the 74th, four minutes after coming on as a substitute.
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