Slumping to the lowest in three years, hitting exporters, undermining corporate profits. Anbang pulls its offer for starwood. It leaves it clear for marriott. Do follow me on twitter rishaadtv, use trendingbusiness. Nonmanufacturing pmi data, the manufacturing number. Tom mackenzie is our china correspondent. Marchprise rise in the purchasing Managers Index for china, 50. 2. The survey had been 49. 4. That is what the forecast had been. It follows seven months of contraction for chinas Manufacturing Sector. It will be a positive for the government as well and the pboc. We heard there was going to be a fiscal stimulus. Of thates on the back increase in the services pmi and follows the positive run and chinese stocks. It is not just investors. Where seeing impact in the Manufacturing Sector. We are seeing impact in the Manufacturing Sector. Government expecting 1. 8 Million People may have to be laid off from state owned enterprises. We have seen falling demand as well. That has eased of
Vonnie russias president Vladimir Putin says he is trying to prevent the spread of terrorism. U. S. Officials say russian airstrikes in syria are not aimed at Islamic State, they are targeting opposition groups fighting serious president bashar alassad. Asidehas vowed to keep and power. Attacks hit one group of rebels trained by the cia. Secretary of state john kerry called for a political solution. He appeared with his russian counterpart. Even as we do not have yet a resolution with respect to some critical choices in the political solution, we think we have some specific steps that may be able to help lead in the right direction. U. S. Is concerned there could be incidents between russian planes and u. S. Warplanes in the same area. That government stimulus may be having an impact on manufacturing. Chinas measure of factory activity stabilized around a threeyear low. The report signals Government Spending on infrastructure gaining traction. Governmentrom forecasters, they cannot rul
Cautious outlook. The ceo tells the program hes bullish on new Product Launches. Two new products ss launches. That is going to be very important for the future. And welcome to the show. Were just getting numbers breaking out net loss of 4. 6 million euros. Compared to reuters for a net profit of 6. 9 euros. A significant miss. They plan to keep the dividend at 50 Cents Per Share. Consensus expected an increase to 62 Cents Per Share according to reuters. Theyre saying they expect more paying coming from volatile currencies moving forward. Well be giving you a full run down of the numbers tomorrow when we have an interview with the puma ceo. Thats coming up on squawk box tomorrow, as you can see, shares down about 1. 5 so far in frankfurt today. Lets move on and have a look at the greek market at the open. Its down. Its down around about 3 1 2 so far today. This does however, follow the best return since march 1998. Greece is up 23 over the last two weeks and under some of that reform t
Friend today. The markets are seeing declines. Exporters are drawing driving it lower this morning. These are examples at the lunchtime break. Australia that is the picture really across asia. There it is, the dow jones off 1. 5 . That was the Market Reaction to the u. S. Jobs on friday. That is where asia is taking its lead. Thanks, john. Our top story here, japan came out of recession the last quarter of 2014, but not nearly as strongly as originally thought. Lets head over to tokyo to speak to james. What do the numbers tell us . Thanks very much. The numbers show that japan did actually come out of recession in the Fourth Quarter of last year, but it was a revision down. The growth was much lower than the preliminary 2. 2 growth we saw. That is mainly due to shaky business confidence. The Business Investment actually fell in the period. The preliminary data showed that business rose slightly. And cutting down on inventories. Business investment has fallen. Inventories have also fal
This is todays a worldwide exchange. Im ross westgate. Here are your headlines from around the world. Chinese exports blow past expectations in december. Raising expectations for next weeks Fourth Quarter gdp. Investors are still cautious ahead of the Interest Rates issues in europe. Three issues, the new 2015 included a clause to make restructuring easier in the event of default. All right. Welcome to the program. If youve been watching in europe or asia, you might have seen squawk box in europe today. Well miss that. But shes done her days work. Tim cook is back in china for the second time in less than a year. Well be back in shanghai for analysis. This is what the future looks like. No, not me, but in vegas where we view the latest gadgets at the Electronics Consumer show. Well find out how mario draghi plans to shape the year. Plus, the oscars, well look at the favorite to pick up the golden statue from los angeles at 11 40 e. T. Lincoln got ten nominations yesterday. But first, c