Made in the next few months. And the eus Foreign Policy chief travels to cairo for crisis talks as they crack down on supporters of Mohamed Morsi leaves more than 70 dead. Youre watching Worldwide Exchange, bringing you Business News from around the globe. A very good morning to you. France has announced a 35 billion merger of equals to create the worlds biggest advertising agency. It will trade in both new york and london. Morris levy and omnicom share the role of ceo for the next 30 months after which the publicis will be chairman. Speaking after a press conference in paris, he told cnbc the deal would benefit everyone. There is no one weak partner, and there is no one who has Financial Difficulties or anything of the like. So we believe that this will be a great operation for all our people, our clients and our shareholders. Publicis shares are closed. They wont open until 2 30 london time. Shares have been trading higher on news the two confirms could attract clients from the two m
Overall i would say it was not as good as the First Quarter, but still very, very strong quarter. And bp under pressure. The oil giant admitting it must raise provisions for its gulf of mexico Compensation Fund while underlying earnings also come in below expectations. Record quarterly profits, though, for sprint to acquire softbank in japan, thats thanks to big returns from mobile Games Developer gung ho online. A very busy day on the earnings front. Lets delve in. Ubs, solid performance in the Second Quarter, pretax profit of 1 billion swiss franks. Earlier, the banks ceo said the time is right to buy back the toxic assets that it offloaded on to the snb back in 2008. Take a listen. I guess the positive developments in the last few months allowed us to take this important decision for us, which we allow our capital base points the option, exercise to increase our improve our capital ratio by 70 to 90 basis points. To me, it seems like a huge success for the government, the smb and yo
This is todays worldwide exchange. Im ross westgate. Im kelly evans. These are your headlines from around the world. Spain sees a bigger than expected gdp decline in the Fourth Quarter. One of the most indebted regions asking madrid for more than nine Million Euros. Roche strides lower after posting Solid Earnings on strong sales of its cancer medicine. Analysts warn about the loss of exclusive rights to a key chemotherapy drug. Game over for super mario and friend to turn a profit. Nintendo unexpectedly swings to its fullyear forecast to a loss showing a poor uptake for its wii u consoles. See you in september. Australias Prime Minister sets a surprise election date saying it will create certainty for business. Okay. Welcome to todays program. And you know, we spent all that time waiting for five. Today its about the ten. How long did it take you to come up with that . About ten seconds ago. Very good. Were talking about mobile phones. Yeah. Do you think people can guess were talking
Deutschland. A pair of u. S. Tech stocks could be in the spotlight today as netflix fails to wow analysts with latest results and investors get set for another quarterly decline in apples profits. Good morning, everyone. It is a brandnew edition of worldwide exchange. And on todays show, Turkeys Central Bank could take steps to ease investors fears in its latest Rate Decision today after a popular protest rocked markets last month. Morgan stanleys head of economics for the region joins us at 10 30 cet. And the bull run is on for u. S. Mna according to a new survey which says co confidence is on the rebound. We bring you the release first on cnbc. Thats coming up in the next hour. And telenora launches a share pieback after Second Quarter earns beat. We get the full story with the ceo live from norway in just under an hour. Netflix shares take a hit. Julia boorstin brings us an exclusive interview with the ceo straight from Silicon Valley at 11 30 cet. And there appear to be limits how
Good morning. Thank you for joining us today. Lets get you up to speed with the latest ephone numbers that are crossing. It gives us a snapshot of the Business Economy in german. German Current Conditions index is at 110. 1 in july, versus the consensus which was sitting lower than this at 109. 7. Number coming out better than expected on that rate. In terms of what were seeing elsewhere on the other numbers, the german Expectations Index of 102. 4 in july, this is versus what the market was expecting at 102. 5. So this number coming in a little lower on that side. Just on the local expectations. Elsewhere, no revisions to the june indices. Lets dive into this and get the earnings reaction. The euro dollar tracking firmer today and ticked a little higher as well. 132. 19 is what were looking at. Joining us on the phone from munich is a researcher at ifo and annette joining us on the line from frankfurt for instant reaction too. Give us a sense of the key standout points. We have seen a