Comments from the chinese premier saying they will do what it takes to keep the economy afloat, the gdp slows. He hinted it as targeted ezine. Easing. We are seeing Property Developers and casinos decline in hong kong. Rishaad breaking news coming through. China holdings save they are set to found kaiser, a company that took a 49 stake, saying it did on profitable. They say they will take Due Diligence to find out if they should be taking over kaiser holding. This is all conditional on satisfactory debt levels. Executives are saying that they drew this conclusion based on studying cases. These people did ask to not be named. We are not sure whether they have or havent pulled the plug pulled the on a full takeover. Talks say that Due Diligence is taking place. China is having a look at the congress, the conference ensuring growth while pushing through with painful reforms. We are joined now with a look on what is going on. What have we learned . Good morning. Nothing especially new. We know the script by now. China is trying to transition the economy towards area like consumption areas like consumption. They are saying china will slow along the way and they will have to get used onto that. We know they have some options, they can cut rates if they need to. Rishaad they have a lot of bullets to put into the revolver. And that is a key point they have a lot of ammunition. But they need to get the banks to respond. Rishaad lets talk about what has been going on we have seen a lot of economies cutting interest rates. The meeting and the bank of japan and indonesia we are having the same rush of asia and banks here are incorporating your pressure and political pressure, but the story is the same. Falling inflation, Slower Growth they need to boost growth. Japan has some push cold factors pull factors but on the flipside a weak yen is not a good thing for importers. There are two sides of the coin but for now they are not expected to change. We will see other banks around the region on that as well. Rishaad the biggie is the Federal Reserve. It looks like they will be getting rid of the word patient. A considerable length of time was the one before. Janet yellen has already taken to congress. I think the markets are looking through it and some are starting to look through the initial rate hike. It will happen june or september might be the big one. The question will be the pace of the hikes. So what is the impacts on those i think people are getting comfortable that the fed will be hiking this year, it is what will happen after. Rishaad thank you. A check of oil. A sixyear low for Oil Prices Since 2009, driving down energy shares. 23 stocks falling a big decline r. These are oil and Oil Service Companies japans biggest oil and gas producer is down by 3 . There are some unintended winners here from the decline in oil, and that would be the airlines. Lets take a look at how they are faring. The nymex benchmark is now down. Gold is seeing some modest buying today. A1 percent again. A 1 gain. One of the bestperforming Airline Stocks across the asiapacific right now, a modest performance for hong kong. That is a check of whats moving. Airlines of seeing a nice jump. Other stories making headlines usually a Central Bank Rate cuts means local lenders will follow, but not for india. The largest banks have still not past on two rounds of monetary easing. Banks blame a surgeon bad loans for a drop in overall profitability. The economy shrunk 17 in the last quarter with plunging casino revenues. Gdp dropped 4 10 of 1 and the forecast is little better. Aid into medicine is arriving in the Pacific Island nation of and want to nation. Eight have died and the number is expected to rise. Pam scored a direct hit with winds of about 300 kilometers an hour and eight meters storm surge. The president says it is the worst disaster in history. Communication is still a setback for us. Communications both in this and other islands we cannot get through. We only have the telecom, it has been restored, the only means of communications. Other companies are not up yet. But with the outlying islands we do not know the extent of the damage. Lets get the very latest. We are joined on the line from port vila. We are joined from world vision. How bad are things . The scene is absolute devastation. I thought i had seen the worst of it on saturday when i went down toward the capital, but yesterday i made it out to some of the villages about 2030 minutes drive away and what i saw was absolutely catastrophic. Shanti type villages, iron shapes, they didnt stand a chance in a category five. Whole homes have been gutted. Two young girls in the classroom that is now a pile of rubble it is a scene of devastation. This devastation is feared only to get worse. Eight are confirmed dead by as we reach out to the outlying islands, it could get worse. What is your feeling on how deeply impacted those outlier islands could be . Some of those islands could be absolutely flattened. These islands were more vulnerable to the cyclone. Port vila is a city with some homes that are constructed quite strongly and a lot of those lost their roofs. Thinking how small and isolated these are, they could be total devastation. Right now we are getting on a plane. Hopefully over the next couple days we will get a picture of how bad it has been. How much of it now is a race against time to make sure those who have survived and sustained injuries will survive and live instead of sitcom . Of sucumb . That is obviously an issue. We heard of a flyover of the hospital of a hospital that looks like it was ok, and hopefully people can get their to get some treatment that it is a race against time. People are going to need safe and secure structures. My colleagues here are visiting communities dropping off essential items hygiene kits making sure there arent high rates of diarrhea which can be detrimental to the health of young children. It is so integral that agencies like yours are there right now to provide assistance. Thank you so much for the latest update. That is our Emergency Communications officer. Rishaad later on the Program Samsung and ipn keeping Sensitive Data safe. And hitting the right note in hong kong. Rishaad myanmar has denied accusations that a warplane crossed the porter and killed farmers with a bomb. An official suggested it could have been the work of a rebel group. Their relationship has already been stressed by their shift toward the united states. A 20yearold man has been charged with shooting two officers during demonstrations last thursday. He admitted being at the protests but this said he was not targeting the officers. One officer was hit in the face and the other in the shoulder both have been released. A Conservation Group is drawing attention to the worlds dwindling number of birds of prey. They organized a birds i view of the city. This is his flight from the top of the burj khalifa lifestream on the internet. It flew for a few minutes before flying down to his handlers arm. We have been live all morning here in hong kong. Time for more with our reporter shery ahn. Shery good morning. Im here with philip to tanari. Thank you for coming. I know you are an expert on chinese art is there anything new or anything else that we havent talked about . I think what china has seen these last three years is the emergence of a new surge of artists. Their lives have been shaped by a china and have no memory of a cultural revolution and are making art that is art for arts sake. Shery how is that affected collectors . Philip in these past 10 years you have seen the emergence of a market for contemporary art. The interesting thing lately has been how many professionals speak english and have studied and traveled abroad, are now getting involved. We are moving away from the old model for the collectors were interested in shortterm profit. Shery do you see a change in the International Perception when it comes to chinese art . Philip absolutely. Part of that is on the level of formal language and the other part of it is how well established the field is. I think now even Major International museums look at what is happening in china as a way into this incredible societys transformation. Shery you have to deal with censorship thats how does that affect your work . Censorship how does that affect your work . Philip anything that comes into china has to go through the ministry but there is still quite a lot of space to present interesting work and provoke interesting conversation within the scope of what is allowed. I feel our role is to fight to keep that space open because if there is not anything, it will close out. Shery you have been here since 2011 have you seen any changes in the culture in the environment in china . Philip aside from the increase in pollution . [laughter] since the ascendance of years ago, i think we have all been waiting for cultural signals. We saw a few in november of last year when he convened a roundtable of arts and culture leaders. I think there is a lot on their plate, and art may not be the highest priority, but you could see a situation where the art scene could change drastically because of some government intervention. Shery how is that affecting you . Philip are collecting got through 2008 not unfazed but in a better way. It meant without as many foreign buyers, there was a real impetus to up the game of the domestic scene. These days, i think contemporary artist niche in secure enough that it is not in the purview of these anticorruption measures and many of the collectors are not expending funds there. Shery do you see a difference the type of visitors you get here from the previous years . Philip last year we had 850,000 visitors about 670,000 the previous year. These are not collectors, these are ordinary people students, sophisticated urbanites people who go to a museum in beijing like they do in london. Shery how do you see art in hong kong developing . Philip i think it is amazing that he was gone in such a short time from a small event to the hub of the market. It is also the portal into this market from people all over the world. People coming from brazil, from egypt it is really something hugely exciting because in the end, art is art for its on sake but it is also a way of bringing culture together and creating a global sensibility. Shery thank you. Back to you. Angie thanks. Victoria in victoria the designer is in hong kong with plans for a Flagship Store in asia. After the break we have an exclusive interview. Stay with us. Angie Victorino Beckham has chosen asia over the u. S. For her Flagship Store. The former spice girl says hong kong is the Perfect Place for her brand expansion. I sat down with her exclusively and asked her about her plans. Victoria i love hong kong, and i wanted my first Flagship Store i have been looking at my options and for me it seems like the natural place to open my second store. I traveled around the world a lot and i have met so many incredible chinese women. I wanted to open my next store here so i can really get to know her, and give her what i really do think she wants. Angie when can we expect to see your store open . Victoria i am hoping it will open at the end of this year or the beginning part of next year, if i can find the right space. Angie your first store was in london and your second is in hong kong. Where else is next . Victoria the u. S. Will be next i am not quite sure where. I am in a great position currently and i am doing my research, looking at the different options and opportunities out there. I would say will be the u. S. After hong kong. Ng you have taken the fashion world by storm as a newcomer and really building up your athletic. When you come to asia, do you think that aesthetic is going to change the cosi were going to have to appeal to an asian one . Victorino for me, women are women. I have spent a long time working with my Retail Partners from the very beginning, when i traveled to lots of different territories and i get in the fitting rooms with my customer and i talked to my customer. I want to know what she wants, what she likes about her body, what she doesnt. I can give her what she wants. But i feel pretty confident that i do know my customer. Here in asia. I constantly want to better myself and give her what she wants but i am pretty confident that now is the time for my store here in hong kong. I never like to rush anything at all. Everything i do, i want to take baby steps, because i dont want to make mistakes. I have done my homework, done my research, and that was the right time. People ask why hong kong. I love it here, i love the energy, above the women, they understand fashion, they are passionate about fashion they understand luxury and quality. It seems like the natural place for the second store. Angie that was Victoria Beckham speaking exclusively with us. On to the afternoons business in tokyo. Slings and gains as the Federal Reserve meeting comes this week. The reopening after this short break. Angie while is that a sixyear low with the stockpile and highest in more than three decades. Markets are being let down by Energy Stocks and investors are hoping for rate cruise. The devastation of the island at least eight killed as cyclone hama strikes direct hit. Lets get the latest from the markets. Japan reopens. Zeb take a look at the numbers. The nikkei looks like a fifth of 1 above the 19,000 level. We havent seen 19,000 on the nikkei in 15 years, which tells you how optimistic nearterm investors are. Lets check one sector under pressure wage wars. Japans 766,000 Union Members in the Auto Industry are requesting wage increases. Toyota is not agreeing to the ¥6,000 increase. They are only offering a ¥4000 increase about 33 u. S. Dollars. Investors are responding positively to the afternoon session. It will be a fight between labor and management on this. Honda spoke today and check out the other automakers mastec and mitsubishi setting the trend. Look at some of the other big names. Subaru cars up by 3 10 of 1 . The japanese Auto Industry a projected annual profit of 34 billion and workers demanding their fair share with toyota setting up for a fight with the kenyan members. With its Union Members. Rishaad the Consumer Protection shell and this year they names are china mobile, all under the microscope. With me to take a look at how damaging this can be we were both perplexed by Consumer Protection day. Global Consumer Protection day. China takes this to heart because they have this cctv gallow. If you remember a couple years ago, apple was in the crosshairs because of consumer complaints about warranties. Two weeks and tim cook finally apologized in china. This goes further than just possible product, reputational damage. They can also be fined and there are some other procedural things. The Auto Industry is again in focus volkswagen and others have had issues in china. This year we have a dealerships of volkswagen and nissan they say they take these allegations seriously. Vw is also apologizing to consumers for any inconveniences. These are allegations that cctv does not necessarily give companies the chance to rebut. But basically they are alleging that the dealers reportedly overstated problems with cars and overcharged for simple fixes. Rishaad we talked earlier this morning it seems like it is all foreign brands. But then how come people involved with foreign brands that is my argument. They are a higher profile name in the automobile industry. They are the ones that did the most complaints. By simple mathematics. But there are big Chinese Brands like china mobile they have also been singled out for allowing fraudsters to use their services for various scams. China mobile is one of the biggest chinese staterun companies. Rishaad clothing brands. Why have they been also mentioned . These are foreign brands. You are probably wearing some of them. H m, gap, american apparel. Forever 21. Rishaad that is me. [laughter] apparently 23,000 batches of clothing didnt me to guidelines, so you better take back your anklets. Rishaad that is between the end forever 21. [laughter] this is something, isnt it . Again, it is exposing the consumer complaints in china. The china Branded Products took a real reputational damage. They amped up on their criticisms of foreign Brands Taking criticism of the government. Rishaad there was a similar show that criticized the government but we wont go there. Right. Lets have a look at some other headlines. Angie an executive has become the latest target of an anticorruption campaign. She is accused of serious violations of the law according to a government website. The company which partners toyota and volkswagen has not yet commented. They make the countrys most expensive vehicle. Selling australian and new Zealand Financial Services unit in the largest private equity deals in the region. Very partners are among the buyers Verde Partners are among the buyers. They are going to be focusing more on industrial businesses that account for 70 of revenue. Yahoo has created a new solution for users who forget their passwords. He will send a text message. They expect the new identification process to improve security. It is now available for u. S. Subscribers. Theres a good top headlines. Angie blackberry is stepping up the fight against cyber spies teaming up with ibm and samsung to offer a modified tablet that puts Sensitive Data in a virtual container where it cant be attacked by malware. I am trying to think of exactly how that might work. You are exposing yourself, obviously, to the internet and being online but