Daimler doubles down. Find out why its smart cars are getting bigger. And it sounds like Science Fiction but jets that break apart and reassemble midflight could soon become reality. But first, russian stocks are taking a hit today. Ruble is sliding the u. S. Has imposed new sanctions on companies to punish president putin first up porting rebels in ukraine. Ryan chilcote joins us. What exactly are we seeing . Before werenctions personal, they really targeted individuals in putins inner circle, then these are much broader. They have gone corporate, going after some of russias biggest companies. Rosneft has been sanctioned. Rosneft is not just russias largest oil company, it is the Worlds Largest quickly traded oil company. Bp has got a 20 stake. Its gdrs fell by 5 novatek, russias largest independent gas producer. Shares traded here in london and fell by more than seven percent. Promm which that gaz is the Worlds Largest gas producer that provides europe was not of its gas session. Per
We are here in london. I am guy johnson. What do we have coming up . Ready for recovery . Legal woes may be a thing of the past for hsbc. The bank reports results in about 15 minutes. We will bring you those numbers as we get them. Ppi could still be a big problem. We are going to talk about that. We are taking you to our top story. Portugal is taking control of boko a spirit of center Banco Espirito santo. Mark is here with the details. A lot of money. How is it being spent . It is being spent by the bank of portugal, the central bank. Up Resolution Fund was set in 2012, financed by the countrys 84 banks. They will take over the bank as a whole. Suspended shares on friday. It will move most of the assets and put it into this new bank, baank , which is new bank. It will use the proceeds when it sells the bank to pay off the treasury. So the Resolution Fund to the bank. Exactly. Within the central bank. That is what has bailed out Banco Espirito santo. Luckily, portugal still has 6 bill
I am Erik Schatzker. On thisstic to join you monday. A lot of exciting things going on. Excited to talk about it all. The top business stories from around the world. Torture goal has railed out its largest lender. It will cost the government 6. 62 rescue the bank. Good being divided into a think an bad thing. Junior bondholders and shareholders are stuck with the unit containing the banks most toxic assets. One way to bailout of banks, give the government the good stuff and everyone else the bad stuff. Topranked economist for the past three decades cashing in. Ed hyman selling to evercore partners. The price is much as 406 million. Four years ago he began hiring top stock analyst. Mcdonalds is putting beef and chicken burgers back on the menu in china. The burgers had been pulled about two weeks ago when one of mcdonalds suppliers was found repackaging old meet. From the company have been arrested. Lex and Alarming Development in the ebola epidemic in africa. Nigeria has confirmed a se
Youve got equity markets rising. The dax down by 0. 3 . Lets check in and see who is driving. Citigroup down by a third. It is almost as if the equity markets want more focus on the giving side of the testimony from janet yellen. Versus not being concerned about bubbles, versus the fed reserve being concerned about technology stocks. China gdp coming in higher than the market had estimated. There is very little to drive the market higher. The conclusion comes down to this, the china data is being trumped by the Federal Reserve both in terms of Janet Yellens delivery and in terms of what the Federal Reserve report actually says about where we are with overvaluation. That is going to play into the market. Ryan and caroline both mentioned a couple stocks on the open. Lets see if we can get any valuations on asml. We will take you through the details of what extreme ultraviolet delivery in terms of machines. , you are seeing a total income rise of 16 . They are validating the purchase of b
Good morning, everybody. You are watching the pulse. We are in london. Iming guy johnson. We are goingg ciao to tell you why italys leading car manufacturer is leaving mama. And talking of cars. Pimp my mclaren. The are talking to the Company Working on the interiors of the worlds fastest cars. Check it out later. Thats get to our top story. Socgen posted a profit increase for the Second Quarter. With sanctions looming over russias economy, will that start to threaten the bottom line of frances secondbiggest bank . Caroline connan is in france. She has got the story. She has been talking to the deputy ceo. Guy, if you look at the earnings of Societe Generale, they were pretty good numbers. They beat estimates. For the risky loans declined by about 24 . The net income was at the highest level since mid2010. Of course, we have to look at russia. Russia is one of their big strategic markets for Societe Generale. It is the secondlargest market by client for Consumer Banking for Societe Gen