We are here in london. Im guy johnson. Lets turn to russia. In her first interview with an international broadcaster, the head of the central bank has told bloomberg that bank of russia is not an arm of the kremlin. Elvira nabiullina has been criticized for the rubles collapse. Ryan chilcote began by asking her whether the ruble will tumble again. We are of course not expecting any massive decrease in the rubles exchange rate, because the decline in the oil price was the third biggest in the last four years and the amount of external debt that has to be paid this year is about one third less than last year. Year on year inflation, could it go beyond 20 . Inflation may be higher than the current 15 , but this higher level is driven by past taxes. Moreover, id like to point out that other inflationary factors [indiscernible] we expect a contraction in Economic Activity and demand. On top of that, we have money supply data. Thats why we expect inflation to slow down in the Second Quarter,
I find it a bit surprising he digit contact me. Crude clings on to gains afteren erratic session yesterday. The top firm is cutting 7 of its work force. Bp shares in the green after a u. S. Judge rules its liable for spilling less oil in the gulf than alleged. Its maximum mine will be 4 billion lower. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Quickly going to bring you flashes firstly out of the iea whose report on the oil market has come out and said how low the markets fall will be is anybodys guess. Macroeconomic weakness continues to strain Global Oil Demand growth. Prices do not be seeming to stimulate demand just yet. Stocks are rising to their widest surplus versus the five year average since august 2010. Well bring you a discussion on oil in the next 20 minutes or so. One other flash in the last five minutes is the greek Government Bond yields have risen 40 basis points to 9. 5. The three year has risen 137 basis points to 1. 11. 7. Tw
Ecb president. He suggests the eurozone economy is likely to remain stagnant and the central bank stands ready to act. T speaking of Central Banks, here at home, the fed is launching a review of how it oversees the major banks. The review comes after a series of critical reports. The fed is asking its Inspector General to help with the probe. Andrew. Weve got stocks to watch this morning. A lot of stuff moving. Gamestop earnings and revenue falling well short of estimates. The company blaming the late relief to be assassins creed unity game and slowing Video Game Software sales. Joseph kernens family always usually havent been big on that. But i read through the Analyst Report trying to figure out what happened. And there was worry that it was in digital, but its older software. Also, believe it or not, the west coast port situation is part of the forecast. The kernen family has no, no. Its strange that the west coast Court Situation would affect things. And they also use games. Also,
Yesterday as many people said the decks are so hot that their shoes were melting beneath their feet. Five people have died and many were injured among the 478 passengers and crew. Among the other stories we are watching today, sony says the Playstation Network is back online although it is still having problems. Playstation has been dealing with three days of disruptions that began on christmas and a group of hackers calling themselves the lizard squad is claiming credit. Speaking of sony its controversial movie the interview made 18 million in the opening weekend. And i think it was mostly independent theaters. The total was 15 million in online sales and another 2. 8 million in studio sales. The firm was purchased or rented online more than 2 million times on the four days through saturday. Four days after a competitor apple is now making the interview available on itunes. And in news watch today, oil clashes in libya smoking worries about supply from the opec member. A fire caused b
Holiday weekend, the controversial movie earning 18 million with the bulk of it coming from digital downloads. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Now the Vice President of indonesia has been giving a briefing in the last few minutes related to the missing airasia jet. He said that earlier reports that came about two hours ago of an australian plane sighting debris. The Vice President of indonesia says they cannot confirm whether it was spotted in the search zone for the missing jet. The search is not easy with the bad weather that is present currently at sea and fishermen have been asked to participate in the search for the jet. Well go out to martin who is live at singapores airport with the latest. Martin . Reporter hello, folks. The Vice President of indonesia was speaking on television as we speak saying the search has been widened and hes trying to get indonesian fishermen to get involved in the search. The first point you raised t