Policy. Biggestnd the worlds signess carrier subscribers and sees a return to profit. We are in the beating economic heart of this city. The president once to see it emulated in the northeast. We will bring you that story rishaad taking a look at airline stocks. Downgrades, China Southern and china eastern, all getting the downgrades. The reason why, lets bring up this chart. It is morgensterns contention chinas International Travel boom is over with. We will get steady growth, not still are growth ste llar growth. Passenger traffic trending down. That is the contention. We are looking at those stocks at the open and more. Haidi absolutely. The chinese carriers have been adding capacity. Amp up competition with the carriers. We are about 30 minutes away from the open. What will be interesting is the resilient of the rally we are seeing. Based on just one comment from the treasury secretary saying these reforms will come soon. No detail at all. The markets taking it and running with it.
Impressed. The index at a threeyear high. Kong, 4 00 a. M. In london. By where it is 8 00 a. M. , welcome to Bloomberg Markets middle east. What are you looking at today . Asia, globale in investors taking a closer look at i it is weakening and there is a lot of volatility when it comes to the yuan. Jump into my bloomberg and see what i mean. Exchange, it stock has surged to a record in november. As you can recall, it has been a wild month for global markets, ofecially after the surprise some of president elect donald are lookingvestors for production. Check out what has been happening this month. Here asreally surging investors scurry for protection. We are just under two marketsay from emirates in dubai. Lets take a quick check of how they closed across the region yesterday. A mixed bag. Dubai, one of the biggest gainers,. 7. We are doing a quick check of markets open in asia. Mumbai trading for almost 20 minutes now. You can see, it is a mixed picture across the board. We are seeing
Response to a deepwater horizon spill back in 2010. The measure requires Oil Companies to develop plans for close watch on deepwater Drilling Operations with realtime monitoring that pushes data to officials on land. It requires companies to boost the frequency of inspections of critical emergency equipment and requires offshore operators to centralized type inside pipe wells. Officials investigated the 2010 wellre of bps mocando in the gulf of mexico. David julie has the latest. About two hours to the close of trading. Julie i want to see if there is any reaction in oil prices to this. It does not appear there is. In part because any of the parties involved have discussed these changes with the u. S. Government in advance. They had an idea of what could potentially be coming. Oil a little changed right now. Its taking a very small leg down after these headlines came out on the new regulations. What is at issue is the talks and the comments out from the International Energy agency sayi
Welcome to countdown. Anna welcome to the program, everybody. 6 00 in the morning here in london. Manus warmer here than in zurich. Anna the to have you back in the studio. 1. 6il Company Giving us billion, after estimates of 3 billion. That looks to be below the estimate. Focus on Capital Expenditure and dividend is always going to be manus i am reading the wrong numbers. You are right. Capital expenditure. Anna talking about maintaining the dividend while offering the option to reinvest, do introduce a script dividend. There was concern in the Analyst Community about to what extent the dividend would be protected this time, and into the rest of the year. We will talk to the ceo about that a little bit later. Manus a significant shift the first to do this. They protected the Dividend Rate this is a first in terms of going into the cash, a form of paper. Let us talk about ing. We have full numbers. They come in the what have we got here . 890 million. So, that is a beat on the headline
In credit and money supply, Chinas Central Bank has given another indication that would that it will hold off on any major stimulus. Live today from beijing. Scott, what does this say about the state of chinas economy . Not going toere see any big bang in stimulus these days. We are also not going to see any major pullback just yet. The economy grew at 7. 5 in the Second Quarter. The forecasts are that it is going to stay close to that rate for the rest of the year. We have heard these kinds of warnings before, but it is interesting coming directly from the central bank, which obviously should have a handle on the situation. A secondquarter Monetary Policy report. How does this one compare with the previous statements we have from the pboc . Actually, back in november, they issued a report, another quarterly Monetary Policy report and said it is going to be a longterm deal averaging in chinas economy. Not repeatedually that phrase since then and i dont believe it was in the latest repo