He stressed that the government and police have been responding patiently. Three senior government officials, including the chief secretary, will meet with the secretary soon as demanded by the protesters. Leung is the second highest official. The representative of the Student Group said leaders will meet with officials but warned the protesters will completely besiege government buildings unless their demands are met. Really trying to open up room for this. The demonstrators are protesting beijings limit on voter choices in a newly observers say they want to resolve the situation because it will affect parts of china. Turkeys parliament approved a motion that could help join the campaign against islamic state. Also allow foreign troops to use the own tris territory for the operation. The resolution passed with a strong majority. The Legal Framework will allow the Turkish Military to send Ground Troops across the border if necessary. The United States and other nations can also station
Shares at the Company Tanks as it scraps forecast pending and accounting pro. And accounting probe. Mark welcome to countdown. Also coming up today russian reunion. Angela merkel and Vladimir Putin meet for the First Time Since february to commemorate victims of world war ii. Tensions remain high over ukraine. The peoples bank of china opens the stimulus cap again cutting Interest Rates for the third time in six months. Challenging the countrys 7 growth target. Christine hah is on the story from beijing. Good morning christine. Whats is expected . Christine it was expected. A few economists had predicted the right path. Over the weekend, we also had Consumer Price growth most important, the shanghai market has tempered the rise over the last two weeks. A lot of space for the central bank to cut rates at this point. Cutting rates at this moment is more of a stabilizing a step a stabilization to the economy than a stimulus. Debt levels are ready so high in china. We have seen three rate
Democratic party leader shinzo abe said his new government may reach an agreement with japans central bank on an inflation target. There is speculation the central bank may come under further pressure for monetary easing measures. The dollar yen is currently trading at 84. 82 to 85. Catherine, the incoming leader abe has even mentioned revising the bank of japan law which adds more pressure onto the central bank of japan. Now, a bit of background, the boj decided last week to extend its Asset Purchase Program by 10 trillion yen, but many investors think the bank needs to do more, still. Lets go to Ramin Mellegard who is at the Tokyo Stock Exchange to get a check on how all of this is affecting tokyo markets. Ramin, good morning. Good morning to you. Markets really keeping a close eye on the weaker yen here, and if its going to weaken further, in fact, and really thats been leading to the gains in stocks that weve been seeing. I also need to keep an eye on the developments of the u. S.
Aat better way to launch with 4 billion deal in the generic drugs industry. John is here with the details. We are talking about ranbaxy. Thats right. Clearly, shares were rising in that region, but sun pharma agreed to by ranbaxy at 4. 1 billion. Here,sting, the movement the Japanese Company owning a large part of ranbaxy. It is a done deal essentially . Yes. In 2008, the Company Bought ranbaxy for for for 1 billion. With u. S. Ssues authorities. It has been a problem child. Ranbaxy, for plans that didnt pass muster with the u. S. Authorities. The fda, the food and Drug Administration in the states, ranbaxy had to recall some batches of its generic cholesterollowering drugs. That is a concern clearly. It is not good for the image. , and indian company, is agreeing to by ranbaxy. Ranbaxy shares soared last week 26 . Encouraging for earnings. It will become the fifth biggest speciality generic drug company in the world. They must deal with this u. S. Issue. That is a concern. Japans thir
That occurred in august 1914. Each bank could conduct openmarket organizations and later open market organizations consolidated. The board employed a 45 permanent staff and eight temporary staff. By year end of 1950, the system had 499 employees and 58 of who were on the board. Operational responsibilities grew rapidly along the staffing, such that the system has 12,540 employees by year end in 1920. Federal reserve did not gain a sense of permanence. Not until 1927 when they eliminated the sunset provisions on the 20 are charters. During the Great Depression come in the banking act of 1933 known as glass people not only separated commercial and investment banking, but also created the federal open market committee. And initially it comprised 12 members selected by the reserve banks while the board of governors that regulations governing openmarket regulations. The sase was constructed and then president roosevelt signed in the banking law. And it was on form with voting numbers consis