Further support. A final deadline of sunday to prepare a new package of reforms as the block is prepared for a grexit. Microsoft is taking an ax to its work force again. The fresh layoffs will impact the hardware and smartphone business it acquired from nokia last year. In a surprise move barclays announced the departure of Anthony Jenkins. The search for a new ceo takes place. He said we are leaving value on the table and a new approach is required. He added that independent executives had concerned about jenkins leadership style for sometime. Shares under his tenure out performed all over u. K. Banks climbing 51 during that period. In the early years stock gains were boosted by the decision to side step government have since declined. Heres a few reasons why. In may 2014 a result of a Strategic Review lead to the bank cutting 9,000 job. In june 2014 the new York Attorney general opened a dark pools probe and in 2014 they were fined 2. 4 million for forex rigging. The change at the to
Reforms. And the jail break of mexicos notorious drug lord caught on camera. He escaped a maximum security prison for the second time in 14 years. We still have profound differences with iran, but the nuclear deal will make the world a safer place. That is the u. S. President , barak obama, who has been defending the agreement with teheran, in which it has agreed to substantially reduce its Nuclear Capabilities in return for the lifting of economic sanctions. He admitted it is still possible iran may cheat. With this deal we gain unprecedented, around the clock monitoring of Nuclear Facilities and the most sfwrusive inspection rezwreem ever negotiated. Without a deal, those inspections go away, and we lose the ability to monitor irans program and detect any covert Nuclear Weapons program. With this deal, if iran violates its commitments, there will be real consequences. Nuclear related sanctions that have helped to cripple the economy will snap back into place. Irans Supreme Leader has
I am manus cranny. A big day for greece. And the last hour, the government repaid 5. 8 billion euros of ecb, imf, and bank of greece. Angela merkel said she is prepared to talk about debt relief but ruled out any haircuts. Chancellor merkel greece is in relief, private creditors allowed in debt cuts with lower Interest Rates. We can consider as they are part of the mandate was the program has been review successfully, we will discuss that very question. Manus the banks have reopen today after being shut for 2 weeks. Lets put in context with our reporters. Elliott got been and Paul Elliott Goggin and paul gordon. The banks open, a little bit of a rush. What is the feeling of the street . Reporter you will see another lazy day in agrees. Security guards having a little chat among themselves now looking particularly concerned anybody will vent their fury after not being given for access to their money. A real difference. Now you can take out 420 euros for the whole week. Over the course o
Stifle from the strength of swiss franc. And the reverse takeover in the British Assets in a 1. 3 billion pound deal. Good morning, everyone. Another episode of Worldwide Exchange. Good morning to you, seema . Yeah very good how about you . A lot happening in the gold market overnight. Absolutely. Lets get to the stop story. The price of gold has slump tide fiveyear low. The precious metal was trading as much as 4 lower after the asian markets posted. That mood with randall resources hit the hardest. Spot gold currently off at 1. 6 . And s p down 10 . Northern star down by 0. 2 . And the chinese selling and triggering stop loss orders. 1 million being traded on that very exchange. Thats after the government said on friday that the gold reserves were up 57 from six years ago, abdomen that was a lot less than people had had anticipated. A lot of factors seem to be weighing on the price of gold right now. You also have the fed indicating that they will raise rates sometime this year in th
Accelerate the sale. Line the nests. Twitters companys management slams the user Group Calling it, quote, unacceptable. Hello, everyone. Yes, youre watching worldwide exchange. It is 9 00 a. M. Seema and will fred are out. We have julia out. I thought you were going to stay in greece. I thought we were going to get through the whole World Without mentioning the g world. We clearly didnt. No we didnt. You blew it already. It will be quieter over the next two months and then it will ramp up again. Well see. Good to be here anyway. Great to have you here. We have a lot to talk about today. Lets kick things off with peugot back in the race. They have a favorable fx race. Stefan is in paris. The payoff appears to be paying off. They posted stronger numbers for the first time in a while. Thats to compare with the loss of 114 million a year ago. Sales also were stronger than expected in the first half of 7 including 4. 3 growth for the auto motive division. There are plenty of reasons behind