7 00 this monday. Bloomberg is standing by, ready to deliver the stories that will drive your day. Hans nichols is looking forward to renzis meeting with the italian president. Its rainygle buys start up slicklogin. Elliott gotkine has the details. Is looking at hunters. First, italys Democratic Party leader will meet with the italian president in what could be the first steps towards a new government in italy. Hans nichols joins us with the details. Of last week in italy following this story. What are the first hurdles for moscow renzi . Perhaps the biggest hurdle is the senate. This happens if president napolitano asks renzi to form a cabinet. That is what we expect. He would be the youngest Prime Minister in the history of postwar italy. First he has to cobble together a cabinet. Then he faces votes of confidence in both houses of congress. It is the Upper Chamber where we expect him to have more of a problem simply because of the way the coalitions are aligned. That is what he has
Glad you could jn us on is etion of ewsline. s thursda february 14th. Im Catherine Kobayashi in tokyo. Japans Gross Domestic Product for the final quarter of 2012 shrank slightly in the october to december period. This is the Third Straight quarter of contraction. Gdp fell 1. 4 . The pace of decline was more moderate than the previous period when it was minus 3. 8 . Global demand was dragging down the economy. Capital spending went down Housing Investment showed growth of 3. 5 . Consumer spending was up due to strong sales of winter clotr. Overall p ros1. 9 for the previous year. Thats the first growth in two years. Investors have been tracking the data. Who has the upper hand . I would have said the buyers but its a mixed picture here in japan. The nikkei is trading slightly higher. 11,255. Up 0. 03 from wednesday ease close. Exports related stocks are getting a lift. Some expect the yen will stay on a declining trend for the time being. Others are selling recent gainers to lock in pr
Glad you could join us on this edition of newsline. Its thursday, february 14th. Im Catherine Kobayashi in tokyo. Japans Gross Domestic Product for the final quarter of 2012 shrank slightly in the october to december period. This is the Third Straight quarter of contraction. Gdp fell 1. 4 . The pace of decline was more moderate than the previous period when it was minus 3. 8 . Global demand was dragging down the economy. Capital spending went down Housing Investment showed growth of 3. 5 . Consumer spending was up due to strong sales of winter clother. Overall gdp rose 1. 9 for the previous year. Thats the first growth in two years. Investors have been tracking the data. Who has the upper hand . I would have said the buyers but its a mixed picture here in japan. The nikkei is trading slightly higher. 11,255. Up 0. 03 from wednesday ease close. Exports related stocks are getting a lift. Some expect the yen will stay on a declining trend for the time being. Others are selling recent gain
The previous three months. Thats a decline of 0. 4 in annual terms. This is due to weak global demand. Exports shrank 3. 7 . And Capital Spending at Companies Went down 2. 6 . Financial leaders in the u. S. Are facing their own set of challenges. President obama nominated his chief of staff to be his next treasury secretary. And now jack lew is outlining what he sees ahead for the economy. Ai uchida joins us now from the business desk. Ai, good morning. Good morning, catherine. Jack lew, he has to win over the democrats and the republicans before he can be treasury secretary. So hes asking lawmakers for bipartisan support on fiscal reform. He says this is needed to keep the u. S. Economy on the path to recovery. Lew spoke to senators on wednesday. Hes seeking their approval for his appointment to obamas secondterm cabinet. Lew said hes resolved to reduce the nations huge budget deficit. He asked both democrats and republicans to Work Together to avoid automatic spending cut march on de
A demonstration in the capital the army says the group is a threat to National Security but critics fear the crackdown is producing a new generation of radicals. In sports a family making waves and one of sailings toughest races a couple will compete against each other when they set off across the atlantic this weekend the most difficult part may be leaving their little son at home. And. Celebrating one hundred years of a modern drum kit and why kick drum snare and hi have to are the heartbeat of the music we love. Im sumi so misconducts good to have you with us two journalists and in marjah held in connection with their reporting of the wrong hands or crisis are expected. File appeals this week the reuters report as well known and child were sentenced to seven years in prison one festa getting a massacre of muslims during a military crackdown last year many countries condemned the trial but as state of new South East Asia correspondent bust and heartache reports its part of a wider pu