Forecasts. The policy rate is unchanged. The central bank, in terms of Interest Rates, keeping them as they are, at 6. 25 . This is the dollar versus rupee. 57. 95, however at this point what is most significant is it has cut its 2017 Economic Growth forecast. We will get plenty more on that and market reactions, but first lets get to the first word news with nejra cehic. SharesCredit Suisse trading higher after the bank stepped off step up costcutting efforts. Down from an earlier goal of below 18 billion francs. The company lowered profit targets for its International Wealth management business and its asian division. German Industrial Production rose less than analysts forecast in october. Production, adjusted for seasonal swings, gain 0. 3 from the previous month, compared to a median estimate for a 0. 8 rise. It signals that europes largest economy took a slow start to the final quarter of the year. U. K. Prime minister has agreed to reveal more details of her plans for brexit, bu
Are you concerned about the security lines . For those of you on the ease coast and in the central time zone, the number is 2027488000. In the pacific, the number is 2027488001. Edia. Ou can join us on m you can also look us up on facebook as well at facebook. Com cspan. Perhaps the lung problem with t sa is exacerbated by the egyptair crash yesterday, which is on the front page of most newspapers. The Washington Posts headline this morning was paris to cairo flight disappeared. We will take a look at the wall street journal and their front page. The relatives of passengers on the missing egyptair plane head to a gathering on thursday as this spurs terror fears. This is inside the Washington Post, the map of the flight from paris, headed to cairo and the last recorded position at 2 30 a. M. Thursday morning. The Washington Post writes that egypt faces a range of militant threats, including a group affiliated with the Islamic State active in the sinai peninsula. They claim responsibilit
Ukrainian currency has been battered. And a surprising move from the ecb, which announced it is cutting off a key lifeline to greeces banks. The ecb says it will restrict loans. Shares of greece bank plummeted. Finance minister Yanis Varoufakis is in berlin where he will meet one of his main antagonists. Brendan bad news is at them is your health insurer. Hackers of stolen data. That data includes names birthdays, and Social Security numbers. No word on how the breach occurred or when it was discovered. The fbi is investigating. One investigation to another. Ubs is again under federal investigation. The u. S. Is looking into whether the bank helped americans and evade taxes. The probe reportedly centers on bearer securities that can be used by catch. Ubs solved a separate case with the Justice Department six years ago, tom. Tom in the soap opera known as radioshack, the bankruptcy can be coming in hours. The beleaguered retailer reported in an agreement to have Brendan Greeley make one
Guy the plan may be considered if the greek government fails to convince its creditors that it can secure more funds. A former ecb president spoke to bloomberg. Nobody is optimistic, frankly speaking, on greece. We have to be totally realistic and it all depends on maturing of the position of the government understanding that in any case if it wants to deliver growth and jobs, which is the main goal of that government, it has to produce Recovery Program that inspires confidence to the international community. Guy Jean Claude Trichet speaking in singapore. Francine seems pretty candid. For more, we are joined by one of our reporters. Standard chartered banks chief economist. How do you interpret what the our bloomberg scoop about the ecb . You have to present some reforms and you have to do this as soon as possible. The may 11 europe meeting may be the last date this is acceptable so that greece can present a full list of reforms that bode well with what they want to see. I think they a
Ah, this is al jazeera, these top stories. Inflation threatens to become a runaway train. That is, the warning from the head of the International Monetary fund is the global economies hit by one shock off to another. That if the im f says the risk of global recession mays at 25 percent, we cannot, we cannot possibly allow inflation to become a runaway train bed for growth and bed for people. But its better, especially for poor, poor, poor, poor people. And the i m f has chastised the u. K. Government off to its financial plans triggered chaos in the markets. Many budget reveal last month has sent the valley of the british pound. All time lies. More than 500 people have died in nigeria, west floods and a decade. Unusually heavy rains, lead to the destruction of tens of thousands of homes. The u. N. Z. Yemen and void is calling on warning parties to renew their cease fire hands. Greenberg blamed hersey rebels for the failure to extend the truce. There has been a decrease in violence befo