The lower house of Brazils Congress has voted in favor of impeaching the president. Parliament as the opposition achieved a two thirds majority it needs to move the process onto the senate. A simple majority will see her suspended while she faces and a peach mike trout. While she faces an impeachment trial. Ceo stuarttimes says gulliver plans to quit in two years and the bank will first appoint a new chairman to help pick the next chief executive. He took over in 2011 and has scaled back hsbc operations, cut nearly 90,000 jobs under pressure from unhappy shareholders. Stocks have fallen about 16 this year. Regulators are said to be unconvinced. They want the companies to sell part of their network infrastructure. Hutchison will challenge any block in court. You can get more and the rest of the days news on bloomberg. Com. Talks in doha dragged longer than planned, Still Producing no common ground. Alex, why no deal . Alex it was the country that decided not to turn up to this meeting t
Looking at a fourth day of gains led by japan. This move from the boj is continuing to drive the yens value. And euroyen are back to levels from last christmas. Another group benefiting from this introduction of a tax on excess reserves in japan is yields at the moment. If you thought they could not get any lower, think again. Watching warnings of impending collapse in the debt market. 12 percent. There were a long list of profit warnings out of chinese companies. It underscores a need for more policy action and explains why, despite the rally we are seeing across the equities space, we are seeing pressure on cyclical commodities. Oil is on the way down. Copper is also on the way down. Before i go, does this rally have legs . The dow jones all turned lower this morning, so maybe not. Whereone of those days you look at that and strip out everything out. Chinas manufacturing figures securing signaling growth may be losing stream. It is a record streak and deterioration. Man has been taki
Wall street. A look of what is going on market wise. Good morning. I usually start with a map of overall asia. Story to one of the Biggest Industries which is taking the lead. Cutr china surprise rate for the first time in two years, we are seeing iron ore, taking a hit off by 44 . These big ones. Gain today, 10 to boost iron ore. All rising to an upset. You are also seeing gains. The big was like rio tinto. These are the reactions. The overall picture. You can see it is there. Seeing it clearly. Japan is closed. We look forward to the opening of shanghai some. Australia, you can see all of these off by 9 some up by 17 . A clearly that is driving the momentum. Dollar, get rid of that marker. If i pull up the aussie, there it is. On friday after the surprise rate cut from china, you saw this right here. A bit of a strengthening of the currency a weakness in the currency. That traits right about their. What to watch out for. Over to you. Thank you. Political gridlock after the resignatio
Focusing on it. What is the latest and what we know about these images. Images . A it is another clue in mystery that is desperately short of them. This is a french satellite. There are objects floating in the ocean. There are no signs given with the images. They are north of the other satellites. 850cts were discovered kilometers north of the current search area. This is news from the french and a chinese satellite found objects. They found an object that is 22 meters long. It is consistent with the size of a wing. 120e images were taken kilometers south by southwest of where the first satellite images were seen and they are consistent with drift modeling. However, as we were told a short while ago, spotting the objects is the start. The issue is satellite the initial satellite imagery was released four days after the photograph was taken and the thing is that, to get that and report to the public, it takes time. You have to collect the image. You have to process the image. You have t
Issue basically in france right now, 11 unemployment. Japan suffers the first negative effect of the sales tax hike in april. Retail sales in the country fell at their fastest pace in three years. Youre watching worldwide exchange. Bringing you Business News from around the globe. A warm welcome again to todays edition of worldwide exchange. Lets get to one of our top stories straight away. Apple is buying beats electronics for 3 billion to boost its music business. Streaming services encroach on itunes. Apple doesnt only gets beats streaming service and its market leading highend head phones but high profile talent. Beats cofounder jimmy ivin and dr. Dre, too. Now, apple expects the deal to close in its fiscal Fourth Quarter. Tim cook tweeted this photo, saying, sharing a laugh with jimmy and dre. Interestingly for apple here, what do you think of it . I think its an interesting move. Because over the sort of past 20 years apple has been very much seen as a product innovator. And this