The regions banks, Credit Agricole reports today. Anna a warm welcome to bloomberg daybreak europe. Im anna edwards. Manus breaking news, Credit Agricole. Anna numbers from Credit Agricole, they look to be a little light, thirdquarter revenue numbers, 4. 58 billion against an estimate of 4. 70 4 billion, although the trading revenue is one of the issues here. We have a drop of . 28 in trading revenue, down by 28 . They were hit by slower bond trading, lower volatility on that side of the market. We know that story very well. There are some upsides to the story coming to this morning. Were seeing if theres any strength there on m a advisory. Will look for more details. M a also a big story, i should say. Could Credit Agricole be interested in doing a deal with commerzbank . Well see what comments we get from them on that front. Abn amro, when and how quickly will the government release more of their holdings . Third quarter pretty much matched analyst estimates. A little bit better ther
Japan crawls out of recession with growth slower than expected. How convincing is japans exit from recession . A lot of economists saying that this is a disappointing figure and yet it shows a slight improvement. It shows a slight improvement, but in many ways, what this number is about is the evils of raising taxes in a deflationary environment. Most economists would agree that raising sale taxes in april of last year was a poorly timed move. In many ways, consumer demand has never quite recovered. When you look at the enthusiasm toward abenomics, you dont see a lot of it here in japan. A lot of it is investors overseas who are looking at the different plans the Prime Minister has put together. When you talk to households here, Corporate Executives there is a lot of concern about economic headwinds that are increasing, not decreasing. In many ways, this economic number is not terrible news, but it is a reminder that japan is limping out of recession at best. How much progress are we s
What can we do for you . And now, bbc world news. The bbc sex scandal threatening the bbcs leadership at the present. The head of the corporation facing questions during 40 years of media stardom of jimmy savile. The culture at the bbc seemed to have allowed this behavior. Welcome to gmt. David eades. Also, the final phase of the president ial tv showdown as obama and romney debate foreign policy. Who is the winner this time . Gaza its first visit from the head of state, the premier of qatat brings a massive construction plan. It is 7 00 in the morning in washington, 7 00 p. M. In beijing and midday in london. Jimmy savile was once the uks favorite tv personality as the start the 1970s and 1980s. He was untouchable. Peace sexually abused potentially hundreds of girls during his decades of success. Now hes dead, but the scandal has come alive, reaching the top of the channel he was associated with, the bbc. Today and the head of the corporation is facing questions from a Parliamentary C