Terms of what were communicating. The ruble recovers from its biggest daily loss in 16 years, but russias woes claim another victim. Shares in Italys Saipem plummet. China has its biggest daily rise in over a year with banks and grocery stocks leading the way. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Brent and wti are currently trading lower after bouncing back during the u. S. Session yesterday. They are up today, up 0. 66 and 0. 23 respectively. Wti crawled back around 5 of recent losses to move back above 65 a barrel. Some oil drillers have responded to operations by putting their operations on hold. Operators around the globe are looking at stacking their rigs, meaning making them temporary idle. The 3406 is aimed at lowering costs despite the offset in the market, but remaining ready for reemployment when it recovers. Imf chief Christine Legarde says while low oil prices are good news for the u. S. Economy, they do add a threat
Higher hurdle on such germany to give its support to anchor his bid for eu membership but hes getting a very cool response from the german chancellor and burleigh turkeys membership talks had been repeatedly delaying overt new concerns over the countrys human rights record. Gemini is also worried about the crackdown on protests and a corruption investigation involving the ones government everyones first port of call was a Foreign Policy think tank in berlin. He delivered a speech where he argued the European Union needs turkey more than the other way around. He sidestepped a dramatic fall in the value of the turkeys leroy. And brushed off alleged corruption in his government and called an investigation into graft a judicial coup. It caught on yet. Cic see conan night structures of the indian against democracy and stability of the mass attack has been boarded on it due to a steadfast pasta. It will witness a diet that nice next stop was the chancellor rhee where are the one dollars and
Security working group with United States after the u. S. Justice department charged five Chinese Military officials with stealing trade secrets. The working group was established last year as a way for the u. S. And china to try to find Common Ground on cyber security. Has also banned the use of Microsoft Windows eight on all government computers. The News Agency Says it was to ensure security after microsoft stopped supporting windows xp which increased fears of hacking. It is still widely used in china but private computers are not affected by this ban. A top official from the new York City Taxi and limousine commission. He will be the head of policy and community engagement. Uber had a battle with the new york tlc before winning approval for its service. Microsoft tries again when it comes to tablets, this time unveiling the surface pro3 at an event in new york city. Ladies and gentlemen, this is the tablet that can replace your laptop, surface pro3. We all thought there would be a
Investor dan loeb buys a large stake in dow chemical and calls for the company to consider selling its petrochemical business. Dow is there point largest current investment. In a moment we will talk to someone who tracked activist investors like globe and find out what the Hedge Fund Manager at the move means for dow chemical investors and we are going to move on later this week. Liz claman will be asking dow chemicals chairman and the e. L. About loebs investment and what he thinks of his proposal. Liz is live in davos, sweetened with the biggest names in industry including artie sorensen, president and ceo of Marriott International and michael corbett, ceo of citigroup, a huge interviews you will want to watch later this week and investors playing defense today quite literally. Nicole petallides at Stock Exchange with all the details on that. Nicole looking at these shares of a lot of defense stocks and lot of new highs. Some good earnings and outlook here by one of the names in part
Ticket holds as much value as even my kids. When i found out he was going to be here, i called my son and all i said to him was paul at candlestick. Reporter theyre going in strt sound check. Its like seeing two shows in the same day. Reporter and what shows they will be. The concert promoter says mccartneys farewell performance includes the biggest video screens, best audio equipment and a pyrotechnic show that could make even the back row squint. He brought in 36 semis just for the stage. Thats an enormous production. Reporter right now, youre looking at some of the sound check from this afternoon. The actual show will begin at 8 00. But first, coming up at 6 00, well introduce you to an incredible little boy, 5 years old, he was able to meet sir Paul Mccartney this afternoon and have a little bit of a jam session with him. But for now, want to send it over to Wayne Freedman whos going to share why thousands and thousands of people, this concert has meaning on many, many levels. Repo