Labour has pledged not to raise income tax for anyone earning less than 80,000 pounds a year. The euro rises on emmanuel macrons victory. What does it mean for Global Business and trade . And we look at why Pharmaceutical Companies are resisting Donald Trumps plans to cut red tape. Welcome to Asia Business report. France has elected a new president , emmanuel macron, and the euro has risen during the trading day in asia as the markets breed a sigh of relief. The euro factor against the yen hit a one year high since falling back slightly, and this is how the other currencies are trading at the moment. If we look at the other Financial Markets that have just opened, the Nikkei Hasjumped almost 1 , the all 0rdinaries as well, and the Hang Seng Due to open just a little later. Of course mr macron is seen as business friendly. He defeated the far rights Marine Le Pen, who vowed to take france out of the European Union. He won 66 of the popular vote according to the Interior Ministry and it