Closer to taking over the irish carrier. No signs of a nuclear deal in vienna. Iran maintains its red lines must be respected as iran is prepared to lift sanctions cannot be found. So welcome to the show. Breaking reports from iea. The International Energy agency. Crude Oil Prices Fell to the lowest in nearly three months. We know they say the oil price pressured by rising supply and financial turmoil in greece and china. They say demand growth appears to have peaked in the First Quarter of 2015. They cite factors like greece. Not only with a greek grexit curve oil demand but it could dampen deliveries if turmoil were to spread to other countries but the big headline is iea saying it may fall more around the world. On the demand side two curveballs in terms of greece and iran. Greece to the downside iran potentially to the upside. On supply they say that all supplies surged by 550,000 barrels in june and opec in particular increased because of record high output from iraq saudi arabia
Questioning. Im sarah kelly. Its great to have you with us. Alexis tsipras is back in athens and back in the office. He needs to be. He has two days to push a very harsh bailout agreement through parliament. It can pave the way for the third rescue package in five years. Eurozone leaders and german chancellor Angela Merkel says that the press must be under no illusions. There will be no new cash. One round of talks is over and then rest are getting underway. The 19 finance ministers are discussing immediate aid for greece as a stopgap measure until the bailout deal takes effect. There are a lot of loopholes to close and time is of the essence. We thought the beginning of the negotiations is automatic. It is absolutely conditional by the decision of the greek government and the Greek Parliament. The issue today will be bridge financing and i for see those negotiations being very difficult because i dont see many countries having a mandate to give money without recommendations. Theyre op
He let his followers to the questioning. Im sarah kelly. Its great to have you with us. Alexis tsipras is back in athens and back in the office. He needs to be. He has two days to push a very harsh bailout agreement through parliament. It can pave the way for the third rescue package in five years. Eurozone leaders and german chancellor Angela Merkel says that the press must be under no illusions. There will be no new cash. One round of talks is over and then rest are getting underway. The 19 finance ministers are discussing immediate aid for greece as a stopgap measure until the bailout deal takes effect. There are a lot of loopholes to close and time is of the essence. We thought the beginning of the negotiations is automatic. It is absolutely conditional by the decision of the greek government and the Greek Parliament. The issue today will be bridge financing and i for see those negotiations being very difficult because i dont see many countries having a mandate to give money withou
Government. We begin in nigeria, where 48 people have been killed. Straight away, he is on the line for us. Tell us more about what happened . Well, according to sources in that particular area, of the state, the explosion was called by a suicide bomber who tries today is market day and as people are gathering to partaken buying in the market. They detonated the bombs killing dozens of people. Sources say 50 bodies 47 people have been killed and 82 injuries. Although they have yet to confirm this, but this is what military sources who maimed as well as severely Task Force Member whose are helping the military to keep peace in the area. And area is sadly used to violence. Absolutely. Thats the birthplace of the box carah ham insursy, and we have seen hundreds of People Killed probably as many as 800. Since mohammad took over as president of nigeria, following the elections, and this is largely caused by suicide bombings, not necessarily attacks on military, but suicide bombings like the
Quite a nice return to form. We have had a couple of difficult days, factoring in the chinese story, and the s p has been knocked pretty hard. At 1 10 of 1 i dont feel does justice. Atwere down really sharply one point and then we bounced back quite strongly. You can see it here this is the recovery we saw yesterday on the s p 500. You can see its lower as a result of whats been happening in china. Equities back in form. The chinese devaluation is a storm in a teacup. Veryine Central Banks, rarely do they come out and have a press conference. Or briefing that they were stepping in when the market is distorted, they say. An amazing quote the Deputy Governor. He says, trust the market, respect the market, here the market, and follow the market. How much should the market now be fearing this chinese market, or indeed starting to trust at once again . Guy we are getting a few numbers coming out as we speak. The adjusted that income is 543 million. Thats the german utility below expectation