Across the beat. French advertising publicis buys safient in an allcash deal and shares trade lower in paris. And proctor and gamble is accused of tax fraud and production is halted. Youre watching Worldwide Exchange bringing you Business News from around the globe. Good morning, everyone. Lets get straight to data points. The eurozone manufacturing pmi for the month of october, that has expanded slightly slower than first thought last month with the number of 50. 6. E were expecting a number of 50. 3 so that is slightly better than forecast, but still lower than the flash number that we saw. Well get to some commentary from the market this morning. Again, the eurozone manufacturing is slightly slower than first thought. For the discounts out the factory gate failing to drive up new orders, this is according to market, a second month of price cutting alongside tend expansion in germany. And we got the individual numbers for france, germany, iti italy. In france it slow ed at the sharpe
Pull its latest software due to glitches. H m reports a slowdown in sales due to warm weather. Announcer youre youre watching worldwide exchange, bringing you Business News from around the globe. Hi, everybody everyone. Im seema mody and coming up on todays show, is the world facing a talent crisis . A Major Recruitment firm tells us why the Global Recovery is causing Companies Looking to hire. Nike is looking at its earnings, but could headwinds take the kick out of results . Mario draghi prepares to deliver a press conference from lithuania. We ask if now is the right time to be joining the euro. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And welcome to the show. We just had some eurozone m3 money supply data come through. The m3 print for august has come in at 2 growth against an expectation of 1. 9 and the previous reading for july at 1. 8 . So fractionally ahead of expectations. The threemonth average has come in at 1. 8 for augu
Isis. British lawmakers look set to vote in favor of joining u. S. Led air strikes against islamic targets in iraq. Announcer youre watching Worldwide Exchange, bringing you you Business News from around the globe. Hello, everyone. Im seema mody. The ryder cup is under way. We get into the swing of the tournament with our very own europe versus u. S. Competition. Blackberry earnings before the bell, we speak to one analyst with a whole recommendation on the stock. You about is the hand setmaker due for an upgrade . And as the indian Prime Minister touched down in new york city, we ask if this visit will open a new era of relations between washington and new dehli. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. You dont want to miss our ryder cup ball at 9 30, but move important than that, i must admit, is the markets. This week, very much in the red and now in the red for september, as well. Yeah. But were going into october. Rbc put out
President obama and chinas xi jinping reach a deal on climate change. Lets update you on the banks charges as we just head to the top of the headlines the uk levied fines against ubs, jp morgan chase, citigroup, rbs, hsbc and barclays. As you can see, the stocks in general off, but only off slightly. Barclays is not included in the fines as it was working with the fda on an fx settlement. Sources told cnbc it pulled out after issues with the u. S. Regulators. Thats why the u. S. Regulators are holding a press conference at any moment. Joining us now, marc ostwald. Heel ya is also joining us in studio to give us more on what just happened. Also, i would love to get to know your biggest take away on the fines that have been charged. The consult temperature still has major, major hurdles and i think everyone would degree. Weve been the chairman of ubs talking about the culture still hasnt repaired problems still within the Investment Bank and lots of action needs to be taken. Remember, we
Terms of what were communicating. The ruble recovers from its biggest daily loss in 16 years, but russias woes claim another victim. Shares in Italys Saipem plummet. China has its biggest daily rise in over a year with banks and grocery stocks leading the way. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Brent and wti are currently trading lower after bouncing back during the u. S. Session yesterday. They are up today, up 0. 66 and 0. 23 respectively. Wti crawled back around 5 of recent losses to move back above 65 a barrel. Some oil drillers have responded to operations by putting their operations on hold. Operators around the globe are looking at stacking their rigs, meaning making them temporary idle. The 3406 is aimed at lowering costs despite the offset in the market, but remaining ready for reemployment when it recovers. Imf chief Christine Legarde says while low oil prices are good news for the u. S. Economy, they do add a threat