Half of next year. Time for todays global exchange. From dubai to frankfurt, to brussels to london, to Rio De Janeiro and princeton, new jersey, our bloomberg voices are on the ground with this mornings top stories. In turkey, the lira is gaining against the dollar following a 200 basis point cut. Joining me with more from dubai is paul wallace, bloomberg emerging markets reporter. Is this going to be enough president erdogan . Paul that is a key question. The lira has barely budged despite that 200 basis points cut being more than markets expected. Analysts were expect and about 150 basis points. The lira has had to endure a lot in the last six months. Erdogan has sacked his central bank governor. Since then, the new one has overseen a whopping 1200 basis points of rate cuts. Amazingly, despite all of that, the lira is actually up against the dollar since the end of june. We will have to see what erdogan thinks of this latest move to see whether he is satisfied that it is enough, or w
Bloodiest days of violence since the antigovernment protests erupted in early october it was just over a year ago that abdul mahdi was appointed Prime Minister as a consensus candidate between iraq political blogs. Throughout the streets on friday cheering singing even dancing optimism on full display oh shut up to dave iraqi people are happy but we only consider this as a 1st step we demand the resignation of all lawmakers and we call on the judiciary to put them on trial immediately. The protesters making it clear that cosmetic changes will not suffice they are after a complete overhaul of the political system in iraq the mood here a dire square has turned celebrates worry but all around us there are stronger reminders of those who have lost their lives during these protests here you see people who are praying for the memories of antigovernment demonstrators who were killed by Security Forces most College Students told me he and his fellow protesters are more encouraged than ever to
Companies in the sector over the next year, rerun the analysis next year and present more analysis and set of recommendations. I will pause and pass it over to luke now to discuss similar analysis we have done in the Utilities Sector and what we have done here is conducted a similar analysis to identify companies to engage within the Utilities Sector over the next year. This is a separate memo attached to the same item. The way the pages are numbered it is broken up. We tend to say boards recommendation. On which page is the item. I see several items. We can make up the motion but i want to make sure we are on the same starting point. Page 36 has the summary of recommended actions. This is three parts. It references tables on the other pages that contain the list of companies. This is the company name. Okay. It is all the same starting point. We dont have to adopt 36. Lets work off that point. Board questions . Just a comment that on the cover page there is three recommended motions. P
Sanctions. Arizona was statute and it is being changed. The situation in the sudan has moved aware from the circumstances that caused the restrictions to be adopted in the first place. I would urge you to not additional to the list. You probably should eliminate did list. Andrew is wise to say you should be assured the situation is better and not accept the lack of sanctions as an indication. Others have taken that that the situation that warranted the restriction in the first place no longer existed. Why do you feel this cautious approach is better and what gives you comfort in the manner you are suggesting it . It benefits from a conservative approach to see if stability lasts in the country. There are situations throughout the history of sudan and this is pointed out elsewhere where things seem to move in a positive direction in terms of a stable democratic government and they revert. The recommendation here would be to monitor the situation to see if the transition to a civilian go
Situation that warranted the restriction in the first place no longer existed. Why do you feel this cautious approach is better and what gives you comfort in the manner you are suggesting it . It benefits from a conservative approach to see if stability lasts in the country. There are situations throughout the history of sudan and this is pointed out elsewhere where things seem to move in a positive direction in terms of a stable democratic government and they revert. The recommendation here would be to monitor the situation to see if the transition to a civilian government takes place, and, last, rather than remember removing restriction now have the situation deteriorate, sanctions be reintroduced and us in a position where we reimplement the full set of restrictions. That was the thought. What would you recommend to the board to clarify the second part of the motion or the second issue, the staff recommendation of the two companies . My clarification would be you suspend your curren