The royalteter for family. Coming up, saudi arabias state toed oil giant says it wants sell a stake in the company, valuable ipo most in history. Figuresnn will have the in the Business Update. Boost in Green Transportation on the way. First, our top story linine from paris. The standoff between police and protesters is inin i it second. Police have been firing rubber bullets and tear gas to keep the protesters inside. Dozens o of people dressed in regular clothes tried to make a run for it. Hong kong has been rocked by protest for the past five months. Lets go to oliver farry. I am just outside the security perimeter. Just behind us therere is a footbrbridge that is to polytechnic university. It is s used as an accecess poio get into the campus. Gathering here was peaceful until about 10 to 15 minutes ago. Many are in a particularly emotional state. They would not realize the use of live firearms. We did see the pictures from earlier today that seemed more violent. Has there been a wo
Admits damage. Bying their sales will fall half. Shery lets get a quick check of the markets close. We saw tech stocks weighing on the markets. Chipmakers tumbled the most in a month. The paying back some of its decline. Index. G on the we saw them trimming their sales forecast. We also had solid retail sales data, not to mention manufacturing numbers, undermining the case for a more dovish fed. Ups see how we are shaping for the asian markets. Sophie the headwinds are gathering for markets around trade and geopolitics. Awi stocks are said to snap bourdais rise for softer gdp growth from new zealand. We will have very little data to distract. Major weak is a spot. Huawei is reportedly basing for a seat dropping global phone shipment. They want to reduce chip orders. Checking in on commodities and oil, we are making a firm start to the week. Take a look. Adding about 2 10 of 1 after sliding last week 2 . Clocking a fourth weekly advance pushing above 1350 two a high. Higher, and ity cou
Grimm euro data coming in. Credit data following the most since the euro crisis. Not looking great. German 10 year yield resumes up to basis points, the highest level since 2011. We reassess with the fed is going. European stocks also falling a third of a percent. Risk struggling. Today seems like we would have a pause but we are still going down. Alix cameron price put it best. Sentiment stinks. Abounds in s p futures but you know, we are not really going anywhere. The followthrough buying, not so great. The vix, weve seen a real move over the last few weeks. Skip crude. 10 year yield up one basis point. We talk about premium. We will discuss. Are you being compensated to take risk . Crude up 3 . If you look at the curve, that front month price for oil has rerated higher in the last four weeks. That raises questions in the market in supporting energy stocks. 93 is big for wti. Is that sustainable . Dani i have a chart of the term premium. New york fed, calculated a complicated matter.
10 of theil giant, subsidiary could be sold off. Tracy alloway spoke exclusively to the ceo and asked for more details about the plan geared the plan. At least 10 . Higher, go a little that will depend on how the market is over the next few weeks. Tracy is there particular valuation you are targeting . Not really. [indiscernible] a oneofakind ipo in the region. Ist we are trying to achieve a way to ensure an unprecedented [indiscernible] market and domestic and local investors to work alongside. Tracy there are of course rumors you might look to float other businesses. What else might be in the pipeline . Were looking for ways to maximize value to shareholders while keeping it wholly owned. Having said that, we are looking at exploring the whole value chain with the main focus being on service systems. Tracy you keep rolling out a listing at the Holding Company level, you did it earlier today during your speech. Why is that . You have a neighbor across the border that is listing at the
Oil giant, 10 of the subsidiary could be sold off. Plans to pay shareholders 400 million in 2018 and 2019. Tracy alloway spoke exclusively to the ceo and asked for more details about the plan. The announcement said at least 10 . We might go a little higher, that will depend on how the market is over the next few weeks. Tracy is there particular valuation you are targeting . Not really. A firstto demonstrate of its kind ipo in the region. What we are trying to achieve is a way to ensure an unprecedented [indiscernible] market and domestic and local investors to work alongside. Tracy there are of course rumors you might look to float other businesses. What else might be in the pipeline . Were looking for ways to maximize value to shareholders while keeping it wholly owned. Having said that, we are looking at exploring the whole value chain with the main focus being on service systems. Tracy you keep rolling out a listing at the Holding Company level, you did it earlier today during your