announcer: you re watching worldwide exchange, bringing you business news from around the globe. back in the saddle here at worldwide exchange from brussels, where there s still plenty of news and speculation about just what the euro group is up to with the region s banks. plenty going on in cyprus, too. ross westgate is away, but bill blaine is here to help me through the program. first, straight to the news. capital controls are expected to be in place within the hour in cyprus, this paving the way for banks on the island to reopen tomorrow. cypriot bank workers have taken to the streets amid worries about job losses and ongoing confusion about the extent of the hit to uninsured depositors. the country s finance minister, nicholas sarris, says capital controls should help restore balance to the financial system. we believe that some sort of capital controls that will moderate whatever outflows are bound to happen will restore confidence and they will be removed
after the bell, tipco disappointing. should not impact qlik. salesforce.com, four for one split. there is always a bull market somewhere. i promise to find it here on mad money. i m jim cramer and i will see you tomorrow! hello and welcome to worldwide exchange on this friday. i m kelly evans. these are your headlines from around the world. cnbc confirms the cypriot finance minister has left russia having failed to secure a rescue deal. moscow insists it s not on interested in investing in the state reserves. all this and a continuing coverage on the street the. a confident note on china, rising growth by stimulus and a strong investment outlook for areas like infrastructure. uk oil giant bp announcing an $8 billion buyback after closing the stake in its russian unit tnk bp. announcer: you re watching worldwide exchange, bringing you business news from around the globe. and it s a decline in the ifo german business index for march. a decline that is to a level
branch and flowers might be giving. we ve started a new week here. and this is the final sprint for the sprint/softbank finish. let s s ho hope the sprint d finish. the call was supposed to start right now, but there s a little pit about of a delay it sounds like people in the room waiting on the presentation. softbank, here we go, coming out with stuff. the reports say it s aim to go take up to 70% stake in sprint in a deal that s worth up to $20.1 billion. so that is now confirmed. softbank will buy the majority stake in sprint nextel for that amount. and then we ll wait to see what else we get out. but the deal is confirmed. it is going to happen. and softbank is acquiring control of sprint nextel. there will be of course a webcast for the deal. softbank shares under pressure down 5% this morning. sprint nextel is roughly unchanged. the price, $12.1 billion. and then pump in $8 billion in new capital. going to try to clear out a lot of their debt. and s&p had
you re watching worldwide exchange, bringing you big news from around the globe. welcome. worldwide exchange exchange. it s hump day. yes, it is. although it s been a shorter week for me. doesn t quite work that day. i guess i m already over the hump. plenty coming up on today s program. indeed. let s take a look at where we ll be going around the world. won t attend imf meetings there as tensions between the two countries intensify. the u.s. government suing the nation s biggest mortgage lender. we ll take a look at how the global industry is faring. then it s off to paris. the stricken car maker is downgraded by moody s a day after demonstrators stage protests. we ll have details from the french capital. and we ll head to new york where there s an appetite for young, profits that is, up nearly a quarter from a year earlier. we ll take a look on a big day for earnings on wall street. and a big week that s coming up. joining us now onset, though, bob mckey. bo
share. shares of toyota and nissan slam in reverse. you re watching worldwide exchange, bringing you business news from around the globe. welcome to today s program. the conference board measure went up. ignored that yesterday. u.s. consumers are about the only consumers who seem to be doing somewhat better these days. certainly not the case across most of europe. not that happy in spain. spanish police and protesters clashing in madrid last night. thousands descended on the country s parliament, demanding fresh elections and an end to cuts and tax hikes. joining us on the phone is a reporter for the newspaper. i think you ve been up all night. how would you describe the mood on the streets and the strength of these clashes? reporter: people were, like people feel this anger toward politicians due to the cuts, to the social cuts. it was tense. clashes were very violent. and they happened, like, suddenly. and there were many people with terrible wounds. it was a