Have seen so far this year. The countrys biggest corporations are seeing opportunities in all of this. What is going on . Theyre buying back shares, rish. Index, for example, though worst performer this year. It comes amid a rising stock market globally. The index at unprecedented highs. Decay to 25 down by five and a half percent. The weaker yen is also having an impact. This year, not as much. What we are seeing is the major japanese corporates. Toyota and mitsubishi corp. Buying back 25 billion worth of shares. What it has done is led to an increase in terms of investor perceptions, foreign investors, and at the market declines. Share buoyed their prices. We have a 5 decline for the nikkei, but some of the stocks are up more than 5 on the year, a very interesting move, indeed. Buybacks do boost the appeal of these japanese companies, i guess, for investors. Why . Return equity is what i am talking about. Additionally, that metric has lagged in japan. They havent had a strong r oe compared to other developed markets. What is missing is cap fax. The need to be more Capital Spending as well as how to be russians toward wages. Listen into what some economists are saying. It needs to give its workers a pay increase, because we really have to arrest this decline in real Household Income if we are going to afford sustainable improvement. There is Capital Expenditure going on, but it is going on outside the borders of japan. They relocate production activities in emerging Southeast Asian economies. It is happening in places like South East Asia but not in the home market where they would like to see it right at home in japan. Thanks for that. And wealking about japan also have that open here in hong kong. The head of that, lets have a look at those Japanese Equities and take a look at australia while we are at it. Here is john dawson. Forums are really quite low. High re really volumes are really high in the u. S. Japan evenarkets in though the yen is quite strong, up by one third of 1 in malaysia. Chineseforward to the crucial 49. 7. Japan. At stocks in for example, we have the overnight deal of al to him being bought by general electric. Alstom beingeham bought by general electric. Are alsoso involved with hitachi and toshiba sharing a slight decline. Also have this report of a a pinball tax theyre calling it or slot machine tax. Sammy isee that sega up by 3. 2 touches down by 3. 2 percent. Those are examples of stocks that have seen declines. Stay with the japanese story. The yen is 102. 10. Dollar yen trading quite low. Nevertheless, and corporate japan, the day there is the ge story and the pinball tax stocks. Thanks, john. Chinas biggest oil and gas reducer. Chinaorders are finding National Petroleum corporation miscalculated their gas sales and also fails to report a gas project on time. There is a gas Storage Facility in the northeast without permission. Their private survey adding to the picture of a deepening slowdown. This is the china beige book. It says Capital Spending weekend and fewer Companies Applied for credit this quarter. The government will make adjustments to meet the 7. 5 growth target. Be partially to blame for the lane crash in seven cisco. Theyre debating whether the design on the automatic throttle confused, leading to a series of errors. A final decision is expected tuesday. The plane a seawall at the end of the runway last july. Three chinese teenage girls were killed. Government will try again today to get rid of the carbon tax. It will be reintroducing a repeal bill to parliament. Lets go to sydney and paul allen. Does the Prime Minister have more confidence this time . He is giving that impression, anyway. I think it would be safe to say you wouldnt be trying again if he wasnt confident. The greens dominated senate was in no way going to repeal the tax. We have a new Senate Getting its feet on the table on july 1. Was arbon tax repeal central part of his election campaign. Tony abbott claims he has a mandate to get rid of that carbon tax, although it is a point of conjecture whether the people voted for that or whether they wanted to get rid of the dysfunctional circus that was the government we had the six years preceding. Wants to have it removed. He says it is a huge burden on the economy and jobs and costs the average family 500 dollars per week. He will still need some help in this new senate. , Clive Palmers three senators as well as ricky meurer of the motoring enthusiast party. It will hinge on them. Clive palmer has a famous vendetta against the liberal party in queens land. Tois mercurial and given mood swings. The stage is set for some pretty interesting horse trading in the senate, rish. We are having a look at the wider implications for the foreign exchanges based on what is happening in iraq. This is on the move. Back in a few. This is what we have, just slightly over 102. Weve had a good year for the korean currency this year so far. Turn our attention to what else is going on. Start stop we can without talking about oil. How important are these factors . I think it will depend on what currency youre going to talk about. It is a negative for Financial Markets, but i think there are currencies that have more of an issue due to oil imports and oil prices. Yen, indonesian rupiah, these are going to be the ones that will take it on the chin. Crude has stopped at 113 or thereabouts on brent. Alarm bellst the off . The current level is probably a little less comfortable for those currencies. Higher in crude will definitely be an issue. Then youll have Financial Market players taking greater aim at these currencies. Janet yellens comments as well. We keep on talking about this all the time. When will we get Dollar Strength . T just doesnt appear it is almost nil compared to where it was during the taper tantrum last year. This shows the taper is well priced in. I think we will have to wait until the end of the year until we see the taper. Then you can start concentrating on oil. Then we will have endless talks about the rates going up third we will have endless talks on this channel. They will have to change the rhetoric quite hawkish leak and signal to markets a timeframe. Then you will start to see the impacts on fx and Dollar Strength. You get 3 or 3. 5 on the year. That will also become more dollar positive, right . You see a breach of that 3 level. So when you see shorter term yields higher, that is a lot more over the movement will be. It will be an issue. Before that, it will probably be range trading. Sterling is moving up for a well. Ahead of the curve in some ways. We saw the inflation data of canada giving a boost to the Canadian Dollar as well. Then we look at what is happening in the euro zone and the possibility of some form of qe. Probably going to see a couple months of waitandsee to see how the most recently announced measures have been taken up and how they are impacting yields in the economies. Andre still euro bears rethink it will be 1. 30 by the end of the year. That is a difficult call. I would say trying to predict where the euro goes is a job i would not like. We seem to have settled down. Is this a ceiling where we are at . We will need a catalyst. I think of it as coming from the u. S. Point of view. We need that sustained move. Have to see something more substantial as well. Do you think the bank of japan will increase the Monetary Base . I think it is still wait and see. Wes far, doesnt seem like should expect something in the very near term. What are you liking at the moment out there . Malaysian bulla for some time. For the ring in terms of the performance. The oil balance has turned around and it is probably neutral to fairly positive. Other fundamentals are looking good. We have a more hawkish central bank. In the terms of trade, things are looking better now. Thailand, its neighbor to the north, with military the bank of thailand not doing anything. Some are saying maybe it will raise rates. Still a thai baht there. There is a lot of pent up demand there on investment imports. That will hammer the trade talents. It probably will not be covered by the delayed portfolio influence that we saw coming back in. I am still a bear on the b aht. There is a little matter of an election, isnt there . It is not looking all that clear cut. That is the problem. Still looking like the favorite, but what kind of parliament is he going to govern over . He will be a lame duck, anyway. Andndonesia is a big unwieldy country. Be able infrastructure to help the currency. I am a little bit skeptical at this point. Great talking to you, sasha. Is talking about the machinations of foreign exchanges. After the break we will meet an artist who has made big eye staying small. This is on the move. It day by made staying small. This is on the move. Israel has carried out a series of airstrikes in syria. The idf says nine targets took direct hits, including a military headquarters. A 15yearold boy died. Others were wounded after what was described as a projectile was fired from the Golan Heights on sunday. Russia supports the ceasefire in ukraine and is called on both sides to end the increasingly violent unrest. Said any putin solution must guarantee the rights of russian speakers in east ukraine. Separatists have declared independence and asked to join russia. Korean troops have exchanged fire with a soldier who killed five of his comrades on the weekend. The man is surrounded in words about 10 kilometers from its border post. They say he is a sergeant and his armed with grenades and a rifle. Seven other soldiers were wounded in an incident. China has reaffirmed its policy ondirect negotiations maritime disputes, rejecting inational calls for the most recent standoff, hanoi claims a chinese ship rammed and sank a fishing boat near an oil oil riggingnd an boat. Korea was crushed in a fourtwo defeat in porto alegre. That leaves him at the bottom of group h with just one point. To the usa ando portugal playing to a dramatic drop in manaus. Portugal equalized with the very last kick of the game. Movie special effects create a special experience for viewers. For one artist in los angeles, the eye is her canvas. Bloomberg is having a look. There is a long line of artist in my family. I started drawing when i was a little kid and i pick up a pencil and brush and start doodling. As a got older, i kept with it. Older, i kept with it. I aint contact lenses for film and television. People say, somebody does that . Well yeah, somebody has to. It was a complete fluke. I was working with a Makeup Artist and they would occasionally go to set and take and put contact lenses in. I tried it out and i was hooked. A very small canvas. A tiny, tiny campus. I have to use very fine, fine brushes, a few hairs, basically. It is a process. It takes a few hours and sometimes a few days to complete , depending on what the design is. Size covers your pupil and your iris. The ones that cover the white of the eyes are called scleral contact lenses. The whole i is yellow. You may want a bloodshot or hemorrhage lands, someone has been hit in the face few giant films like pirates of the caribbean. Her Makeup Artist showed me a rock. It had all of these flecks of different colors in there, blues and greens and pinks. Basically, i tried to incorporate all of those colors. Nto that lands lens there are only a handful of us, less than 10, i think. Great thingsmany about this job. I am an artist and i get to paint for a living. To see them finish their makeup and put in the contact lenses, everything comes together in the finishing touch. It is the cherry on top. Sony scored another box office hit, think like a man too. The film stars kevin hart and is sonys second number one debut following 22 jump street. Still to come, we have the latest on this worsening situation in the middle east. A closer look at the fallout coming through on Power Companies. Day getting underway in hong kong and shanghai. Important data points were looking out for today include china manufacturing reports, also the United States doing similarly and the eurozone as well. That is what we have at the moment. Overall, the markets should get an idea of global manufacturing, how it is doing. As we say, we have that manufacturing data out of the eurozone. Trading, up by nearly 2 10 of 1 . Oil rising for a third day. Insurgents gaining ground in iraq. The ability to fight hackers is being questioned. Tourists are flocking to japan like never before. Out,manufacturing data giving us an idea of what is happening with the economy. We have the open here in hong kong. We also have the open at shenzhen and shanghai. China is opening unchanged, hong kong is the same. Forecast will be 49. 7. We have about 50 minutes time from now. Volumes are really very low. Its gains has lost after a fourmonth high. Malaysia it is pretty bleak. There are clouds over there and targets. And darkness. Iraq violence intensifying. Ukraine and russia intensifying. Is the u. S. Economy really recovering . That is the story as regards ,hat. Individual stocks today as i mentioned before, japan inc. Is very much relevant. Today, we wake up to the ge story. Ge has made its biggest acquisition ever. The french government given the goahead. Give it the goahead. Toshiba and hitachi lose out. They were making a counter bid. How much money would cost to do it . Meanwhile, the japanese introduce a cut to Corporate Taxes. How else to the get the revenue back . If you give with one hand, you must take with the other one. Therefore, by looking at the we look at the opening prices. Here are the stocks were watching today. Which stocks are falling and rising the most . He biggest gainers unicom to nukea and cosco pacific, and cnooc. Those of the decliners in gainers. Hsbc manufacturing figures are out this morning. The latest developments out of iraq. Militant forces along the borders. Felt to of most will insureds to insurgent hands about two weeks ago. Boko but is just 55 kilometers from baghdad. It does come as baghdad released pictures showing the Iraqi Air Force patrolling the countrys biggest oil refinery. Sunni militants are seizing part of the Energy Complex and holding the army off ever since. The refinery covers several square kilometers of land. That has not been affected year. Crude has been on the rise. Costsill slightly raise for global utilities and not least the asian one. Hereberg Industry Analysts with more. This is bound to happen. What is the biggest challenge coming out of here . Basically, gas prices in asia pacific are connected to oil prices. Theres always a lag effect. The danger now is that with the Geopolitical Uncertainty that is ng on in iraq, continuing or prices will continue to go up and so forecast will slightly go up. Ultimately, it means gas prices will go up. Gas prices going up is bad for most utilities in asia. About you see many countries cut gdp forecasts. However affect these companies . Market forecasts for gdp for most countries except for a couple exceptions like japan, are coming down. Countries like china, you have a oneonone relationship. It is about half the rate. Gdp is important. We can to us about what expect and how it hits us in the pocket. Oflities will pass on some the costs to the consumer. In most countries, rish, prices are expected to go up. Utility prices have to come up. Those automatic passthroughs in places like hong kong and japan, the passthroughs is considered an moldova in places like korea ulled over in places like korea. Would mean that they would delay them, or would it be full steam ahead . Ipos coming a few through, especially the big Chinese NuclearPower Companies that want to list on the stock market. Obviously in a week equity et environment they may joseph, thank you so much for that. Lets have a look at singapore, because it is making headlines after suffering several highprofile cyberattacks. Lets find out more. Were joined now from singapore. Tell us more about this. That is a huge demand for people with skills to fight a small pooln that of them are stretched. Cyber security is a growing concern. We need protection even more. We need a defensive system to detect and respond to cyber threats. It is disconcerting that the number of Cyber Security professionals is falling. Now it, we had 1200, and is down from 1500 from the year before. In the meantime, there are more threats. Client data was stolen in singapore. More than 1500 accounts were compromised, as well. Hackers are getting smarter. In the past they used emails for malicious attachments. Now they research their targets. Their attacks are more targeted. What is the cost, so far . How do we evaluate how this is all playing out . What to know about the damage is being done by the cyberattacks . Fair to say, these attacks are expensive. Cyber crimes cost singapore an estimated 1 billion. To put it in perspective, the g 20 nations bear the brunt of the cost. The worlds four largest economies, were talking about the u. S. , china, japan, germany, they collectively lost 200 billion. Needless to say, more needs to be done. The World Economic forum says delays in adopting Cyber Security measures could result in a lost of 3 trillion in economic value by 2020 locally. The problem remains a lack of awareness. Online threats have become more sophisticated, but organizations lack the awareness and urgency to deal with the problem. Thank you. Singapore becomes a victim of more and more of cyberattacks. Japan is on course to welcome a Record Number of foreign visitors this year. More tourists are arriving the japanese are traveling. The first time that is happened in 44 years. Obviously, this is down to the weaker yen which is trading at a 30 discount if you are a foreigner after what it was a year and a half ago. It is expensive to visit japan in the first place. Give orat helps take a few percentage poin