Is the verdict of the child sony chief executive as he speaks out for the first time about the cyber attack prompted by the interview. Welcome to countdown. Lets start with the global selloff that is characterized at the start of the trading year. Asian stocks fell the most in seven weeks aided by the decline of crude and the fragility of the eurozone. In the u. S. , the price of wti crude fell below 50 a barrel for the First Time Since 2009. Energy companies have been the biggest losers in the selloff which is wiped out more than 1 trillion of equity verio value. The head of the election is in three weeks. It is fair today we had an oil induced route yesterday that is spilling over into today. Benchmark u. S. Oil gumbel of 50 a barrel for the First Time Since 2009 and a closed above 50 a barrel but a decline of 5 year to date in this year alone. It fell 46 last year. That is just two days. Already down by that much. After reaching that high last year of 100. It was not confined to the
A referendum on key issues from the west. Translator i swear to god that this is not possible. A political Life Experience tells us that the country cannot have sustained growth in isolation. And a stock on the move. Shares in bmw sink to the bottom of the stoxx 600 after the german carmaker confirms to pay subsidies to those who suffered losses last year. Happy new year to all the viewers returning from holiday to join us on Worldwide Exchange. Wilfred, happy new year to you as well. You are like five days late but how was your holiday off . I hope it was much enjoyed. It was wonderful being back in the u. S. And spending a few days in berlin learning history to get to know more on whats taking place in europe. I learned how people will invest in the new year. Dont pretend, you went there for a fun new years trip. Yes, but i also have my journalist hat on to understand what is going to happen this year. Europe is a big focal point and some investors expect them to outperform u. S. Sto
We need to quickly design and implement the austerity program. In corporate new, Glencore Xstrata beats forecasts. And president obama focuses his attention back on domestic issues as he prepares to unveil his fiscal 2016 budget plan today at 11 30 eastern. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Welcome to worldwide exchange. A very different picture behind me compared with the start of the show in yesterdays session. 9 1 greens to red these morning taking the stoxx europe 600 up 1 is. 2 . As you can see, the picture very volatile this morning. What we have heard is that Russian Troops have been removed from the border. Exercises that they were completing on the western boundary of russia, being seen by the markets as a concession, as lowering sentiment and danger surrounding the situation in crimea at the moment. As you can see, danger across the european markets this morning. They want to point out the German Markets, 1 higher h
Bloombergs European Headquarters in london. I am francine lacqua. Guy johnson is off today. Lets start with our top story, the crisis in ukraine. Russian foreign minister sergey laparotomy is in geneva with Foreign Ministers from ukraine, the u. S. And the eu. Russia, president putin hosts his annual q a with the public. Ryan chilcote is in geneva following the meetings. They are due to meet in about 10 minutes. That is right. Unrest continues in Eastern Ukraine, the interior minister reporting that they have killed three prorussian activists at a military base that was being attacked in the east of the country, diplomacy is getting underway in geneva. The u. S. Secretary of state just met with catherine ashton. He is now meeting with the Ukrainian Foreign minister. Sit down of them will with the Russian Foreign minister, Sergey Lavrov in about 10 minutes. The first real talks between ukraine and russia this time accompanied by the u. S. And the eu. Contours of a deal, we know what the