Deep discounting at stores could bring them short of its target. And global pc shipments slump in the Third Quarter, missing out on the usual back to school boost, but Chinas Lenovo says competitors are taking away more sales and market shares. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello and good morning, everyone. Youre watching a brand new edition of worldwide exchange. Ross westgate is out today, but weve got a jam packed show for you. On todays show, the bank of england is expected to maintain its record low Interest Rates, but wa do unemployment levels in the uk mean in the banks for guidance . Were live at 10 10 cet. Shell may be licking its wounds after big losses on sales, but russians tnk says is it hit big on a recent boom. We speak to the chairman, also known as the prince of pipes. Brazils central bank has increased its benchmark borrowing rate with no indications it will slow the pace. We talk to the ambassador of br
On its Second Quarter, but shares gain on the u. S. Rising picture as the u. S. Recovers. Plus, if you dont want the lights to go out, it is time to rethink policy. Thats the message from the Biggest Energy companies. Well hear from rwe. And if thats not enough, in an hours time, it will be over to find out who won this years Nobel Peace Prize. Yep. Plenty to talk about today. We start off with breaking news from the ia, the International Energy agency. The big thing to focus on here seems to be opec crude supplies down below 30 Million Barrels a day for the first time in more than two years. This has been led by steep declines in libya and iraq. Output down 29. 9 Million Barrels a day. Despite audi output topping 10 Million Barrels a day for a third month running. They raised the 2013 Oil Demand Forecast to 91 Million Barrels a day, projected at 1 Million Barrels a day for 2013, as well. Theyre talking about exceptionally high u. S. Crude refinery runs, as well. Joining us for more, j
Put pressure on tesco sales. Its turn around plan is on track. Shares are trading higher. And the likelihood of a global trade deal is below 50 says indonesias trade minister. Hes call for more flexibility on agricultural subsidies. I think flexibility and compromise, sometimes, are required to get a Multi Lateral view. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome to todays program. We kick off with data with, the final pmi data for the eurozone showing the euro has lost momentum in november. Final services pmi, 51. 2. It is up from the 50. 9 flash, but lower than october. Sharp divergence in the final composite numbers in germany and france. The french composite down 48. Only managed two readings above 50 in the last 21 months. Italy serves its pmi back below the break even mark to 47. 2. Compared to germanys composite pmi, up at a 29month high. Sharp differences between the core in europe. Meanwhile, the opec meeting is
Out record amounts of in the First Quarter. A shareholder pact is wound up ahead of time. All right. A warm welcome. This is the tuesday edition of Worldwide Exchange. Lets to get to on tuesdays show. Angela ahrendts is heading for silicone valley. Well get a closer look at the deal in just a few moments. Rio tinto is up after a bullish sign from miners as rbs morgan john wilson. Julia will be in luxembourg in around 30 minutes. And could the debt loss in washington finally be over or are investors rushing to conclusions . Well hear from a panel of political insiders at 11 45 cet. Plus, forget the debt ceiling. Theres a lack of innovation is the real threat hanging over americas economy. The former Nobel Prize Winner joins us here on set with his new book in the next hour. But first, u. S. Senate leaders say theyre optimistic about a possible deal to end the Government Shutdown and extend the nations debt ceiling. Senate majority leader harry reid said on monday theyve made tremendous
Hikes and Share Buybacks. Germany in Strong Demand by ireland, italy and greece. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello and welcome, everyone, to brand new edition of worldwide exchange. Ross westgate is feeling under the weather today. We hope he feels better soon. Julia is still in rome. The pboc, nearly 8 billion was taken out through bond purchasing agreements. Traders say the decision is a hawkish move, highlighting the pbocs desire to tighten Monetary Policy. Meantime, the boj is signaling its ready to help japans economy for the long haul. One day after disappointing data, the bank of japan held its policy view and kept lending steady. Using a driving metaphor, the boj governor kuroda said the moves were like putting new tires on a car to make for a stronger engine. Joining us now to discuss those moves is jeffrey anew, strategist at ubs. Thank you so much for joining us this morning. Its quite interesting to see that