British oil services of amec offer to buy another company. Youre watching Worldwide Exchange bringing you Business News from around the globe. All right. Now on monday morning, 64 as far as european equities are concerned. We are up by just. 01 . If you remember back on friday, they are holding the rally we are seeing in the european indices, but as of trading this morning well take a look at this this morning. Look at the ftse 100 up. 01 . Same for the cac 40. Well look at the sectors because it really is the banks in focus this morning up over 1 this morning. European banks among the biggest winners after regulators agreed on sunday to relax new rules to improve leverage ratios. This is a relief for the global vendors who fear raising billions in extra capital. The new standards being drafted by the bars of committee, of course, tossing the chance to reduce debt. They hope to allow that to push out lending with the economy. We can hope. Lets have a look at the bond markets this morni
Make changes. Is a spin off one of the options you are considering . No. We are not considering that option. Operation shutdown. Protesters begin a blockade in bangkok. Major roads and disrupting traffic in an effort to oust their Prime Minister. Two of europes biggest numbers from metro. Competing for a bigger slice of the emerging market. The wealth snags the golden globe wolf snags the golden globe. We are live in los angeles. Good morning. Welcome to countdown. It is 7 00 here in london this monday morning. Bloomberg reporters are standing by across the world ready to deliver the stories that will drive your day. Ryan chilcote is focused on ubs. Comments from the ceo of the bank. Hans nichols is in berlin looking at metro and carrefoure. Where is best place to put your money this year . Manus cranny has exclusive sachs inom goldman london. Caroline hyde is watching the latest trends in mens fashion week moving from london to milan. A bloomberg exclusive. Sergio ermotti says ubs won
From Bloomberg European headquarters in london. This is what we are talking about. And next close of look at the Goldman Sachs global strategy conference right here in london. Manus cranny is standing by with a quick preview. Manus. We got the european perspective, the japan view, next up, u. S. Investing. In. D just popped it is all about share buyback, dividends. Join me in just under 30 minutes for the goldmans view on the usa. Thank you very much indeed, looking forward to that. The ubs chief executive Sergio Ermotti is denying reports that switzerlands biggest bank will spin off its Investment Banking business. He spoke to bloomberg an exclusive interview and shanghai. Ryan chilcote joins us with all of the details. We had a report saying they are thinking about spinning it off. Now, the ceo has poured cold water all over this. Let me give you the background. Ever since Sergio Ermotti took the helm at ubs, he has been cutting back. Is cutting 10,000 jobs, has closed many of the de
Well. Road map begins with retailers suffering the same fate as target. Neimanmarcus is among those whose Customer Data also breached. Hear what targets ceo told becky quick, next. Ford unveiling a big change to f150 pickup truck, using aluminum in the body. Alan mulally will join us in a moment. Suntory planning to buy u. S. Based beam for 14 billion after accounting for assumed debt. Target is not alone when it comes to data breaches. Neiman marcus says mack hacker may have stolen information. In an exclusive interview, target ceo telling becky quick, the retailers accountable for the data breach that affects 10 million customers. The full extent is not known but malware installed on the point of stale registers. Target working with Law Enforcement to determine who did it and when it was done. Also steinhafel says target has work to do regaining customers trust. Challenging times for target, i can tell you that. Its a real. In the gut. Throughout the crisis, weve had a singular focus
This hour. What about Mortgage Rates in where do they go from here . Theyve been rising on the fears about the fell pulling back, so where next . My partner, sue, is at the nyse. Hi, sue. Reporter and the markets euphoria not to scale back on qe is farding a bit. The Dow Jones Industrial average off about 31 points. The nasdaq has remained positive, up about 5. 25 point p the s p off 2 points. The threat of a Government Shutdown becoming a possibility less than two weeks from that deadline. Fed chairman pbernanke talked about it during his News Conference yesterday. A Government Shutdown and perhaps even more so a failure to raise the debt limit could have very serious consequences for the Financial Markets and for the economy. And the Federal Reserves policy is to do whatever we can to keep the economy on course. Reporter and House Speaker boehner making some comments today as well. Our chief washington correspondent, john harwood, is here with the very latest on what is turning into