A warm welcome to bloomberg daybreak. I am anna edwards. Lets describe what has been called the night of the long knives in the South African political despair sphere. Dhe devaluation of the ran coming through as president zuma replaces his finance minister. Gordon is out, replaced by somebody with little financial experience. The former finance minister, speaking on the phone to bloomberg in the last few minutes, saying there are a range of characters troubling the treasury. Andion between him and zuma part of the anc. Also saying south africas treasury has a strong team of professionals. We will discuss this through the program. Certainly, the new minister does not seem to have from the cv to have a great deal of experience. Anc, could split. The presidency could be called into question. A fairly popular emerging market destination. Lets come back to the south africa story shortly, but we will check out where we are on various assets in the overnight sessions. The bloomberg dollar in
Reports of anything for the winter storm warning is farther north in weston really even the rays appear starting to see some breaks it has been a tremendous amount of snow but theres an accumulating snow for some the inlet air is up along the Northern Neck. Now this area shaded in the swordfish collar wind advisories that will be in place through three oclock this afternoon we could see some winds gusting forty even fifty mph later this afternoon right now its rained for most of the area including the peninsula in the Eastern Shore northern sections of mackinac we could see some snow up that way and again looking middle peninsula Northern Neck for some snow in the mix is well for the pencil mainly rain is a mention of two acts more and hancock its been mainly rain so far but you do pick up some of that snow around so luna in Chestnut Grove this is one radar interpretation of what fonts in my other ones ive been looking at with different filters are showing a little more mixing up that
Of the executive committee with allegations of corruption or being involved in inappropriate behavior. Beans that are processed through a cap. And, find out how the u. K. Is beefing up its naval power. First, we begin with a bloomberg exclusive. Jpmorgan may have unwittingly helped bnp paribas violate u. S. Sanctions according to a person familiar. Billionch bank paid 9 for processing dollar transactions for countries such as sudan. Jpmorgan has not been accused of any wrongdoing. Here with more is caroline hyde. Good morning. Walk us through the details. The saga continues. Bnp paribas has admitted guilt. 9 billion euros in terms of what they had to be fined. They were using jpmorgan as well. Unwittingly, jpmorgan was involved in this, helping hide billions of dollars of deals related to banks in sudan, cuba and the like. It was in 2004. Paribasutives in bnp came up with a plan to use jpmorgan. They had already caught the eye of u. S. Regulators. They promised that they would abide. H
At a division. Leaving its troubles behind, allianz sees a boost on the back of profits despite pimco. Profits take a hit on shares in china. The ceo says a dividend hike is still on the cards. George osborne says he is in brussels to get a better deal for britain, calling the 1. 7 billion tax deal unacceptable. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And welcome to the show and welcome back, seema. How has the week been in dublin . Its been spectacular. Its been a busy week for the markets. Stocks at an alltime high in the u. S. The ecb made me think yesterday and we have the u. S. Jobs. A very big show. Were going to kick off with some earnings numbers. Ally i cant answer yanz has rallied to the top of the German Market after boosting on the back of better than expected sales earnings. Its competing with rivals and will now pay off 50 of net profits as a dividend up from 40 ratio. Net profits rose in the Third Quarter, despite a
Of course, you know that cant be true. Not every headline matters to the stock market. No matter how official and full of gravitas it might sound, but how the heck are you supposed to tell the difference between what matters and what doesnt . In this world of of information overload, how do you know what truly deserves your attention and what you can pass on . We have so much time to spend doing your portfolio each week so you have to use your time wisely and i have on sift through squawk on the street, you never really have time to ask, does that even matter . You just presume it has import. Thats why for my new book, get rich carefully, i will through five years of actionable orders plus. Com and thats the Charitable Trust i talk about to see which pieces of data were worth paying attention to and which were hyped and unimportant. Because i think this is a really crucial subject, so now i want to share with you my findings so you could be a more media savvy investor in the environmen