Hello. Youre watching todays worldwide exchange. Im ross westgate. And im kelly evans. Japan is facing a 255 million euro loss for philips. Cutting a key Interest Rate by 25 basis point is the bank of india. And the boj is keeping tune rate until theres a significant drop in unloimt. And ahead of todays parliamentary hearing, italys economic mip sister takes grilli takes center stage. All right. Reunited. Back together. So nice. You know that song . I sang that to you the last time. Weve had a couple of reunions and a series of time spent apart. How are things sthp. They are great here. How was davos . So far, gone, in the distant memory. Dont worry about it for another year. Plenty to worry about today, though. Korea. On todays show, plenty of good stuff coming up. Were going to be in madrid as the Prime Minister is reportedly releasing a plan to relief some of the pain of austerity. Then its south korean steel giant posco reporting Quarterly Earnings today. Well have the latest live
Forecast. That sent shares down by more than 20 . And president obama seek toes jump start his agenda pep told lawmakers hes eager to work with them, but hell go around them to get things done. And america does not stand still and neither do i. Wherever and whenever, i can take steps to expand opportunities for more american families, thats what im going to do. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. All right. Warm welcome to todays show. Were going to kick off with a look at Deutsche Bank. Were waiting for a press conference of the coceos of this morning. Were seeing general european shares a little bit firmer on the back of what happened in turkey overnight. Deutsche bank preparing to hold the press conference, of course, after that rather short profit warning when they brought forward earnings ten days early because, of course, theyve seen big declines, a lot of one off and declines at fixed income trading in particular. Were g
Hello. This is todays Worldwide Exchange. Im ross westgate. And im kelly evans. Rio tinto shocks the market. The mining giant reveals it will book a 14 impairment charge. And boeing hits more turbulence. This as top rival airbus gets set to report its commercial results within the hour. The biggest retailer in paris talked about sales improving in the Fourth Quarter because of strength in its two biggest hkts. And bank of america and citigroup will report earnings in the u. S. With mortgage lows expected to weigh on results. Hello and welcome to todays Worldwide Exchange. Plenty to get to on the corporate front. Maybe things are getting better. So much corporate thus. Much less of the European Central Bank Crystal Ball action. Well get to all of on those stories. Were going all over the world to bring them to you. Rio tintos ceo steps down ask well ask whether the miners mozambique actions are to blame for his sudden exit. Boeing is set to report 2012 orders. Here in london, well take
Welcome to todays worldwide exchange. Im kelly evans and these are your headlines from around the world. George osborne is set to make plans to break up banks. Well bring you live coverage of that highly anticipated speech. A Corruption Scandal weigh owes mario rajoys party as he prepares to step down. We should assume that might win this discussion. It will completely break down. And the other side of the story from bumis cofounder. And its extraordinary comment for the chairman of a British Company to make. That seems to be the main thrust of his argument to win this. And its wrong. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. An extraordinary back and forth there on this monday morning. Welcome to todays worldwide exchange. Ross westgate is away but well do our best without him. We have Michael Brown to help us through things. Coming up on the program, well head out to hong kong where china is requiring a reinstruct during of the eco
Hello. Welcome to todays edition of Worldwide Exchange. Im ross westgate. And im kelly evans. Ubs hit by legal charges and restructuring. Bp Fourth Quarter net profit beats forecasts by almost 4 million. Well bring you an interview with the ceo first on cnbc in the next half hour. Fueled by a weaker yen and strong sales of cameras in the u. S. And shares in virgin media rally after an offer for a takeover that could value the uk cable operator at 20 billion. All right. Welcome to tuesday. Its get together tuesday. Coordinated, as well. The final print for the eurozone is finally come in, 48. 6, a little better than the forecast of 48. 2. May i just say, though, the employment index, look at that, 46. 1, which is just barely better than the flash estimate but still the lowest since december 2009. On a downward trajectory. Its not germany where the final composite was 54. 4. Its the periphery still. Frances final january pmi falls to 46. 1. France is where the concern is. We have Francoi