Journal there close to raising rates next month. Chinas push to join the elite as a currency takes a hit. More work is needed on the yuan. Welcome to countdown. This is Bloomberg Live from london. 6 00 a. M. Numbers are coming through from moments ago. Lets get to carolyn conan. She is in paris. Yes. It is the highest quarterly earning in eight years since the financial crisis. Societe generale benefited from three things. They had a good performance and equity ending. It jumped 61 . They also had a gain of 312 Million Euros. Recovery of the economy in europe, especially in france. They had 45 Million Euros in russia. This is smaller than it was in the First Quarter you also told me in the Second Quarter. We spoke exclusively on second order earning. We have a strong set of results. Good performances across the board. Also good monitoring of costs. A really strong performance. And very happy. Couldnt talk generally about the economy, france and europe. Would you say the economy is stil
Arrest. Stuart i am Stuart Norval with delay with todays live from paris. Relatives and friends from the 200th or 9 People Killed when a Malaysian Airlines jet disappeared without a trace on march 8 of last year. In the next hour or so in france, the case containing the wing parts found washed up on the French Island of lot reunion of la reunion. Boeing employees and representatives from china, the country that lost the most passengers. For the latest on the investigation, our correspondent. A single piece of debris many are hoping will solve the mystery of missing Malaysian Airlines flight mh 370. The wreckage washed out on the shore of reunion washed up on reunion island leslie is in the french city of toulouse. Will undergo a physical and chemical analysis in an effort to discover how it was damaged. It needs to be determined whether it belonged to mh 370. It will be looked at, the serial number, to see if it matches the boeing 777 that disappeared. The paint is also specific climat
We will take you to the frankfurt auto show. And anticipating apple. The worlds most valuable company is set to unveil look at be his most important Product Launch in years, the iphone x. But will the price point be too high . We will discuss it. Lets take you first of all to the frankfurt motor show. Matt miller, what are we going to be taking away . What will be the big theme . Does it involve batteries . Matt i think for the first time in years, we are seeing a major change, a major, multibilliondollar change from all the automakers globally. Volkswagen is talking about losing capex to create more electric cars, putting out orders for 50 billion worth of gear. We are hearing about cost cuts at mercedes that are going to be about 5 billion. Huge shift as this industry moves from diesel powertrains to electric powertrains, and that is all we are hearing from almost everyone we speak to. I have already spoken to a number of ceos, we will hear later from the ceo is lamborghini a bit of
His plans of international expansion. Christ hello and welcome to daybreak asia. Heidi, we have been following these headlines the last hour about north korea launching yet another missile. Very similar to what japan says happened on august 29th. No response from the u. S. Or china, but clearly theres got to be lots of phone calls happening in the scene. Therere getting news that are National Security council being convened with south korea and japan. The shows out and saying this is an unacceptable situation to have another missile test of of course we are waiting for beijing. We are waiting for any response from washington to claim responsibility after this kind of event. Threatening to sink japan, saying they were threatening to cast the u. S. Into ashes and darkness, all of this in response into mondays u. N. Sanctions. Tokyo. Go straight to chris, what has been the reaction of the latest in terms of the government response . Chief have had the secretary come out say the latest pub
Cat catalon region an american diplomat is being arrested in istanbul german production surges in the month of august posing its biggest increase in more than six years. Good morning, Everyone Welcome to the show once again the start of a brandnew week. Lets look at the stock 600 map looks like this. We are modestly higher to the tune of 1 3 of a percent this comes after the fourth straight week of gains the dax hitting a new record high and were seeing a little bit of a rebound in the spanish stocks the eibex up. Lets look at the indices one by one. The vix 100 is off a slight recovery trade for the pound sterling the xetra dax is up by 1 4 of 1 up by 29 points and we dont have the ibex on there what i do see is up by a bit that will surely continue this week there is still a lot of nervousness around when independence will formally be declared lets also have a look at the spanish stocks and how theyre trading today. Once again it seems like investors are going back into these beaten