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Transcripts For BBCNEWS Asia Business Report 20240706



business reporter this morning is katie silver has been looking into the story for is and joins us on the programme. always going to get you on the show. what is your sense of the key things to look out for today? key things to look out for toda ? ,, ~ ., ., ., today? sure. we have heard from the a-rou today? sure. we have heard from the grow) and today? sure. we have heard from the group and the today? sure. we have heard from the group and the key today? sure. we have heard from the group and the key things - the group and the key things are the war in ukraine and then china, particularly when it comes to china is its relationship and how is it how it plays our going forward when it comes to taiwan. the meeting began at the end of last night, a working dinner between the foreign ministers. we also saw the eu s top foreign policy chief, josep borrell, addressed the group by video link. is said basically when it comes to china they have the decision was the rel ....

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Transcripts For BBCNEWS Asia Business Report 20240706



looking into the story and joins me. great to get you on the show. what is on the agenda could it s a three day meeting, as you mentioned in a resort town about two hours from tokyo. it s a meeting about the foreign ministers of the g7 nations. last night, at a dinner, we saw the video link committee eu s top foreign policy official, high representative address the g7 foreign ministries and he said that when it comes to china and its relationship going forward, china needs to decide how it wants to be seen and china needs to decide how it wants to be seen wants to be seen and how it wants to be seen and how it wants to wants to be seen and how it wants to continue wants to be seen and how it wants to continue to - wants to be seen and how it| wants to continue to interact with the international community. he said that china is a partner, a competitor, a strategic rival, and as it navigates going forward, particularly surrounding taiwan, that impact its relationship ....

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Transcripts for BBCNEWS Asia Business Report 20240604 00:37:00

Think over the course of this year we will see more non performing loans, we will see some of those loans they were created of the last couple of years roll off towards default. it will mean credit creation will be slowed even further, credit positions will tighten, and for the us economy thatis tighten, and for the us economy that is not a good thing. it really does come at the same time as the fed has hiked a lot, monetary policy is restricting, credit growth will slow, over the course of the year it increases the likelihood we see a recession before 2023 ends, and that is the major risk facing us economy right now. issak paul from oriana economy right now. issak paul from oriana financial - economy right now. issak paul from oriana financial services | from oriana financial services speaking to me earlier. the value of the global cosmetics industry is thought to be a whopping 90 pt it billion us dollars by 2030. the majority of the growth is expected to come from right here, the a ....

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Transcripts for BBCNEWS Asia Business Report 20240604 00:36:00

Is already trending towards recession slowing. this is a scenario that is historically always challenging for the banks and so coming out through the first quarter think we re going to see those banks really try to guide earnings expectations. we re probably moving negative earnings growth for them remained of this year for them remained of this year for them remained of this year for the financial sector and probably the us economy as a whole. , . , ., ., whole. the picture you are painting whole. the picture you are painting is whole. the picture you are painting is pretty - whole. the picture you are painting is pretty grim, - whole. the picture you are painting is pretty grim, a l painting is pretty grim, a healthy banking centre is the oxygen of any strong economy, it pumps life and credit through the economy, right, so when you talk about the issues facing the banking sector, the challenges going ahead what does that mean for economic growth in these major economies, the u ....

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Transcripts for BBCNEWS Asia Business Report 20240604 23:36:00

Expectations, probably moving towards negative earnings growth for the remainder of this yearfor growth for the remainder of this year for the financial sector and probably the us economy as a whole. the picture ou are economy as a whole. the picture you are painting economy as a whole. the picture you are painting is economy as a whole. the picture you are painting is pretty - you are painting is pretty grim. a healthy banking sector, of course, is the lifeblood of any strong economy. it comes life and credit through the economy, so when you talk about theissues economy, so when you talk about the issues facing the banking sector, the challenge is going ahead, what does that mean for economic growth in these major economies? it’s economic growth in these ma or economies? it s credit growth, credit creation economies? it s credit growth, credit creation that economies? it s credit growth, credit creation that help - credit creation that help support the economic side, extendi ....

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