For the imf meetings but lets get a check on the markets as investors digested the data out of china earnings will be coming through in europe. We struggle a little bit and stoxx 600. Cable is coming off a fivemonth high. A lot of concern going into this weekend and what parliament will vote on in terms of the brexit deal. We are talking about potential rate hikes. Coming up, we hear from the Vice President of the european atmission that 1130 time 11 30 a. M. London time. And still to come, we speak to bank of England Governor Mark carney at 5 30 p. M. London time. Definitely not want to miss. All of those conversations from the Imf World Bank annual meeting. Lets get first word news in new york. We begin with the ceasefire in syria. The u. S. And turkey agreeing to a break in hostilities to allow kurdish fighters to withdraw. Once the ceasefire takes affect them a donald will remove this weeks sanctions, but u. S. Senators from both sides say the deal does not go far enough. Reluctant
We start with japanese conglomerate softbank which is well known around the world as a savvy investment giant. But its reputation for making winning bets on start ups has taken a knock with the near collapse of the the shared working company wework. Softbank was forced to provide an embarassing bailout and is expected to announce stricter measures on founders when it reveals its latest Financial Results shortly. Vivienne nunis reports from new york on softbanks latest challenge. From hot property to a humiliating bailout. Office sharing firm wework faced a cash crunch until softbank came to the rescue. Now they will be looking at how much damage wework has caused to the bottom line and what it plans to do next. There are things that they might want to try to shrink the company a bit, grow a little more slowly, and focus more on the profitability. You have gone from a 47 billion valuation to Something Else of 8 million valuation. Things have happened very quickly, i think that softbank
As things are going to turn colder. Low pressure in charge at the moment, you can see low pressure in charge at the moment, you can see areas low pressure in charge at the moment, you can see areas of cloud spiralling around it, those lumps of cloud bringing showers or longer spells of rain, as you can see from the radar picture the quite widely scattered across many parts of the uk, not too many across the midlands, east anglia, expect a fair amount of dry weather through here and sunshine this afternoon. For eastern scotland some persistent rain piling in, we could see travel problems, perhaps even localised flooding and that rain in scotland being blown in on a brisk east or north east breeze, breezy for western coast as well, lighter winds further east and temperature wise this afternoon we are looking at highs of 10 13d. This evening and overnight the showers continue in many areas, tending to become fewer and further between as the night wears on and this persistent rain across e
Running late and we have a quorum. Next item, please. Item 3 is the annual election of officers, discussion and possible action to discuss a president and Vice President , each to serve a onearea term. I would like to nominate president cane for an additional term and make a motion along with that nomination. Ill second it. All those in favour . Opposed . Motion carries. Congracongratulations, madam ch. Thank you. What was the motion . The motion was to elect and i i was unclear, i nominate made a o elect. Are there any comments on that . And im sorry if i was unclear . Very good. Thank you for clarifying, commissioner moran. And for the position of views president , you would like to nominate the current views president francesca vador and what is confusing is who is acting as clear at this moment . Im chair but not doing the nom nations. Who is, the vice chair . As acting chair we have a nomination of Vice President . Any Public Comment . All those in favour say aye and opposed . Con
Plus huber, mcdonalds and under all fall on earnings. A it is decision day, a Bloomberg Survey is 100 certain rates will be kept at hold. Markets have opened for trade. Any he stocksouse are faring. Is undere dollar pressure up a 10th of 1 with bond yields higher. A largely anticipated hold. The aussie dollar reversing a to . 70. A move lets get a quick check on futures elsewhere. Futures hitting gains and a little change for the japanese markets as they reopened there. The cost could snap a threeday event while kiwi shares are extending mondays gains ahead of vika data from the region. Ocbc, the Bank Reporting at 1. 7arter income billion. Thirdquarter net income coming in at 1. 17 billion. We are seeing the Interest Income coming in at 1. 6 billion. Income at just over one billion singapore dollars. Thirdquarter allowances for loans and other assets coming in at 179 million. See,e expecting to particularly when it comes to wealth related assets, seasonal benefit when it comes to hong