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Transcripts For BLOOMBERG Bloomberg Daybreak Europe 20170512

Anna welcome everybody to bloomberg daybreak europe. I am anna edwards. Lets get straight to the blank breaking news. We will talk to the management of these companies. We have numbers coming in. This is the steel company, now much more diversified industrial group. They are raising their even forecast to 1. 48 billion. Raises. Sted ebit raising their profit outlook after selling their brazilian plant. Agreed to sell their brazilian steel plant, and it is making the transformation from steel to diversified groups. Around see what they do their american unit. There is the expectation they will exit the business. There is talks they will transfer the european assets. We will get an update on all of those matters when we speak to the management. Inwill talk with their cfo 45 minutes time. Lets get to other breaking news. Sticking with germany, this is the munichbased insurance company. We are getting numbers. Or solvency ratio is 212 . Euros. Lows of 21 billion operating profit is comes c

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Transcripts For CNBC Worldwide Exchange 20141117

But we hear they are still confident on china. I dont see people pulling out of china but i continue to see people putting money into china. G20 leaders warn russian president Vladimir Putin more sanctions could be on the way as they meet in brussels to discuss possible measures. Now to our top story, a quite astonishing story in japan. The gdp number shows a 1 president 6 contraction against the expectation of 2. 2 growth. One of the analysts said theres a big drop as businesses cut back on investing. Key consumption is another weak quarterly factor. Japan is now back in a technical recession following the drop in q2 after the sales tax came through. The latest fall is cementing last weeks rumors of the second tax hike to be delayed and a snap election will be called. Now what does that mean for the markets . The nikkei, sorry, the yen hit a sevenyear low of 117. 06 but they are currently up. 92 . Does this mean we get more easing or have a snap election . Or a sales tax hike is delay

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