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Sovereign debt. And a slowdown in australias mining boom catches up on revenues. It sent the nations deficit looming well past earlier forecasts. Plus, the prognosis with doctors, less than healthy. Gsk will stop paying doctors for promoting its drug, a first for the pharmaceutical industry. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And welcome. Youre now watching cnbcs worldwide exchange. Plenty to get through on todays program as we get into the christmas and new years spirit. Will there be much cause to celebration as far as assets are co...

On the surface, 2015 came to a close in a moment of relative tranquility after a turbulent year for China’s neighborhood. But the calm is misleading: the optics of regional diplomacy have become increasingly detached from the reality of the underlying tensions; this risks obscuring deepening fault lines.Meeting Japanese Prime Minister Shinzo Abe in October, Chinese Premier Li