We start with struggling travel giant thomas cook. The 178 year old british firm, which pioneered package holidays, has been facing an uncertain future. Shares have slumped and debt has soared amid growing fears for its survival. Now it could be headed for a new departure under chinese ownership. Ramzan karmali reports. The worlds oldest travel company. Last year, thomas cook served 19 million customers, but for some time 110w million customers, but for some time now it has been struggling. Million customers, but for some time now it has been strugglingm million customers, but for some time now it has been struggling. It has faced fierce competition from the budget airlines, and perhaps more significantly from internet travel firms. In the first half of this year it made losses of 3. 8 billion and has been under pressure from creditors. Shares have also slumped, down 85 this year alone. Thomas cook said it was convinced that brexit had caused some customers to delay travel plans. Now,
Continuing to spike what the onshore rate this up. 1 . This after the weakest faxing from the pboc since september. Dollar strength, that perhaps could reveal the line in the sand for the pboc when it comes to the yuan and how far they let could signaleat its comforts on. Policymakers have supported the yuan, its rise this year, after its worse annual loss in two decades. As you can see from this chart, the pullback in the onshore yuan , the read is the pboc thinks the rally has gone too far. I want to look at with the hang seng. We have a mixed bag. Ly votto, gaining 1. 6 . Givene automakers lifted plans to liberalize the electric Vehicle Market there. After topping 20,000 for a third day wednesday, some weakness coming through on the hang seng, given that drops among tech players as well as banks. I want to show you whats going this after tencent bought a 5 stake in the Investment Bank and the two have agreed to partner on financial services. We do have another bank on the radar. , F
Good evening. We begin with the latest on the c. O. P. 21 climate talks here in french capital. We should now enter overtime. This is the nations struggle to overcome their differences and agree on a global deal. The draft is now much shorter and the numbers of disputed downons of text have come from more than 900 to around 300. Here are the remaining obstacles. Room, theback in this met for the final details of the c. O. P. 21 agreement, being hammered out. The initial friday deadline unfeasible. Talks are already scheduled to overrun into saturday. Are, china and india negotiating on the sidelines. One of the issues on the table, whether to get rid of carbonfueled energy completely. Low carbon,prefer development for something similar, because carbonization, many developing countries have problems with that. Reporter switching over to Renewable Energy sources is a prerequisite if temperature are to be contained to one and a half degrees. A threshold for survival for nations. G island
They fair the worse under a severe crisis scenario. Theyre not taking a take over bid for thomas cook after they take a 5 stake in the u. K. Ralph travel operator sending shares higher. So seema, welcome back from barcelona. Did you pick up a little bit of spanish while youre there. [ speaking Foreign Language ] maybe we should leave the spanish part there. But what was the main take away from the week. The largest gathering of all thij things mobile. But you have new players, emerging markets offering devices with similar features and are also at a more attractive price point. So i think the smartphone wars how that dynamic is shifting with the emergence of the new player status. Something to watch. This was the biggest mobile conference apple nowhere to be. And the people that were there were auto makers. The intersection of tech and auto is a major trend and a story to continue to watch. A lot of auto players trying to figure out how to strengthen their Technology Presence and offer
Fosun International Limited (OTCMKTS:FOSUF – Get Free Report)’s stock price shot up 10.3% on Monday . The stock traded as high as $0.59 and last traded at $0.59. 10,000 shares traded hands during trading, an increase of 317% from the average session volume of 2,400 shares. The stock had previously closed at $0.54. Fosun International […]