Expenses. Regulatory and privacy pressures mount. Dar p china spoke on alphabets ceo spoke about this. The momentum has been great. Ever since thomas has come in, he has continued to invest across the board. Focused a lot on operational teams. It is playing out well in this business. To be inortant for you as many situations as possible. Nejra joining us now is bloombergs opinion tech columnist and Marija Veitmane from state street is still with us. Before this release, alphabet shares had hit a record. How concerned are investors going to be about this latest news . People are fundamentally investing for growth. There was a bit of dip in aftermarket trading. The cloud is becoming a very contested space. We saw pretty much the same from amazon last week, that they are also investing to defend their market share. Investing tole is secure their market share. They do Something Like 8 billion per your revenue from the cloud. Amazon doesnt 9 billion per quarter. Doesan see that amazon 9 bil
I am manus cranny. Coming up on the pulse, well be speaking to the former a tie in finance minister and the bank of italy director general emeritus the british co simon money emeritus fabrizzio saccomoni. Angela merkel warned that the clock is ticking. Time is running out. Where emphasizing the social cause they need to be made. And on to resolve the situation as it is. Manus let us get to our team. Guy johnson in athens. Once nichols in brussels. Hans nichols and brussels. Guy, let us go to you. It is about the banks. European Central Banks is holding Europeans Bank is holding firm on what they loaned to the banks so far. Guy paul will give you the details of what is happening. The Banking System remained shut. This economy is grinding to a halt. The agency said about depression. That is what it feels like at the moment. Businesses are shutting up. They cannot get more credit. Npls were already bad. They are going through the roof at the moment. The greek tagging system has enough cas
You are very welcome to the pulse. European leaders are speaking openly about the possibility of a grexit and say they now have a detailed plan in place in case black scenario happens. They have said sunday is the deadline for greece to accept a rescue or risk in booted out of the euro. For mroore we are joined by guy johnson in athens and hans nichols in berlin. Hes i nn brussels, excuse me,. Lets talk to guy. Guy, obviously, these banks are still close. Whats it like in greece at the moment . Guy well, people are beginning to wonder when they are going to open. What is interesting is youve got money pooling in certain areas of the economy and we need the Banking System to restart in order for this money to start moving around the system in the way this meant to do. The question is come next week what kind of money are we talking about . There is deadline come sunday. People are talking openly about a grexit. It is not going to be the flicking of us which. Youre not going to see greec
The offshore driller seeks to cut its dividend for the next two quarters. A Strong Performance in the u. S. And u. K. Offsets weakness seen in emerging markets at wpp. The chinese volatility is not a reason to write off its prospec prospects. Welcome to the show. Its the trade out of asia, china in particular catching the eye of the bank. It will inject 140 billion yuan or 21 billion via shortterm liquidity operation loans. This after the shanghai composite posted its fifth consecutive session of declines despite yesterdays rate cut. As you can see down 1. 3 . Lets get the word from sri wrapping todays asian market trade for us. Let me talk about this operation to inject 140 billion yuan via the slos. This is an attempt to avert a liquidity squeeze. Remember the recent measures that we saw yesterday announced by beijing amount to some 650, i think between 650 and 750 billion yuan being pumped into the money markets in china a lot of people saying its to offset the capital outflows as a
Anna and a warm welcome here in london, i am anna edwards. Breaking news on greece. Bloomberg is publishing exclusive polling on the referendum on sunday. It shows that greeks are in line with other polling weve seen recently split down the middle. Two days before the vote. Just to give you details, the question that was asked, how will you vote in the referendum . Will you ratify the agreement was tot . 43 say no. The nos are ahead by half a percentage point. Very close, too close to call. Does this get as close to resolution . If that were the referendum result, we will have to see. Guy can talk us through more of it whether the greeks see a better teacher in the euro or out, it is clear we see the population very much in favor 81 saying they want to stay in. It seems to me the creditors are not able to say this is about membership. We have discrepancies between opinions based on what you ask. Lets leave that for a moment. Well come back to athens. Lets start with a look at whats hap