Credit suisse Ceo Tidjane Thiam tells cnbc the banks restructuring plans have started to bear fruit. Often people say, well, we focussed on the costs, not yet the revenues revenue is 9 , costs are 6 . That drives the operating leverage that you see in the numbers. And that will continue barclays sees its first earnings hit by the divestment of its Africa Business, but the shares move higher as Ceo Jes Staley tells cnbc the bank has turned a corner. Were now a clean bank and restructuring is over. We feel good about how the bank is positioned. We are free of all the legacy issues adidas shares hit a record high after the german sportswear maker raises its fullyear Sales Guidance ahead of next weeks numbers. Shares of renault drive lower despite a 17 rise i first half revenue, as analysts raise concerns about the french automakers levels of leverage absolutely huge set of numbers out from the Banking Sector this Week Barclays has posted a 1. 6 billion pound loss in the first half of the
Yieldsck victory sent soaring but how much further do they have to go . Mark carney is speaking down the road, delivering the news surrounding the stress tests. Due to strains on emerging market currencies and growing skepticism over the ability of some International Banks to adjust their Business Models to new environments for regulation, for growth, and for Interest Rates. In june, developments kosher to hone home brought strains of their own. Prices have reacted strongly following the u. S. Election with echoes of the treasures at the start of the year on sovereigns and banks. Throughout these episodes, the u. K. Financial system has stood up well. Deafening rather than amplifying volatility in financial markets. Households and businesses in the u. K. Have as a result and able ,o focus on what they should where there their home is right for their families or a better investment would help them serve their clients. This was in resilience has been hard one. Done. A job that is never t
Gets ready to ask more on march 10. We had a slightly higher forecast. Manufacturing falling to the one, a little bit below what economists were expecting. They were expected forecast of the two. Some of the european stocks. They are mainly in the green. Lets see if theyre sticking to that. You can stocks going from 1. 1 . This is after their biggest weekly events. We are seeing a lot of the miners on the higher side did this is the big story of the day. The dollar pound is at 141. 60. The pound falling the most in seven months. This is after Boris Johnson one of the most popular politicians in the u. K. Says he will campaign for britain to leave the eu in the june referendum. This is a concern about volatility. The markets to really know how to model a brexit for now. Crude gaining. Were listing to a former opec president. It just be see one of our top stories, a loss hsbc one of our top corporate stories, a loss. Lets get to bloombergs worth word news with nejra cehic. Nejra next fra
Stories europe klug separatists in ukraine ignoring putins call to postpone an independence vote. I am powering the future. Ethiopia continues to build a hydroelectric damn. Why is that turning some people red with anger . The final whereabouts of hundreds of Syrian Opposition fighters who have been trying to leave their last stronghold in the old city of homs is unclear. They have been sloutd to leave under a u. N. Brokered cease fire. In the last few minutes, we have heard reports that they may not have made it to safety, that they could have been detained. We have we have no more details at the moment. In the meantime, their withdrawal is seen as a major victory for president bashar alassads forces. From rbeirut in neighboring Lebanon Reporter Syrian Army Soldiers fan out in the city of homs after armed rebels left their last stronghold. It took three years for the syrian army to regain control over syrias Third Largest city. Fears battled and many lives have been lost in the fighti