Issued a profit warning on russia while ge cites sluggish Energy Markets for lowering its guidance. Analysts suggest the 1. 2 billion price tag is too high. But the ceo telling cnbc the deal will create a true winner in the imaging therapy space. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Its another volatile trading session for the russian ruble with the russian currency strengthening sharply versus the u. S. Dollar after the countrys finance Ministry Said it has started to sell foreign currency stocks. The ruble has lost over 20 versus the greenback on the week. Now, the micex, meanwhile, has fallen into the red after opening initially in the green. The msvi has warned it could reclassify russia to stand alone Market Status if its excluded from the emerging market index. There could be further pain on the way for russia. The white house says president obama is expected to sign into legislation further sanctions over russia over the
Avoiding the energy space. Its definitely a time to hook energy. Any business with the price of your only product goes down by 55 in six months its going to cause it but probably not for us. The economy is facing a 45 billion hit if oil prices average 50 adding that its likely moscow will be downgraded to junk status. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Italy in focus with italian inflation data coming out. Coming in at 0. 0 for the month of december but it did come into negative territory year over year so a sign of deflation given the fact that we did get euro zone inflation data last week that did show euro zone inflation dipping into negative territory. Thats the First Time Since the financial crisis in 2009. A lot of focus on the low inflation. Will he in fact be now pushed to unveil full blown quantitative easing. The conversation has changed from will he unveil further easing measures to when and how much. Absolutely. People conti
Early numbers from shoppers indicate they did not spend as much as they did last year. Welcome to the show. Just getting some eurozone pmi data out. This the second reading out for november. The wide numbers come in at 50. 1, previous month was 50. 6. The forecast was 50. 4. Its come in below forecast. This follows the individual readings out from france and germany. Germany the headline number coming out at 49. 5, retraction territory. The lowest reading for germany in the last 15 months. The eurozone wide number coming in at 50. 1. The euro dollar at 124. 55. Italys final Third Quarter came in at negative 0. 1 . Contraction in growth for the Third Quarter. Italy has shrunk or stagnated for the last 13 consecutive quarters. Fragile recovery thus far for italy. Joining us know is the chief Investment Officer at tatan investment. The eurozone number below expectations. The german number coming in with retraction. Is that a surprise . That is a bit of a surprise. I would have thought aft
Were better than expected. They make the biggest overseas acquisition snatching up their assets. The deal will help cut debt. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. On friday of course we heard news of greeces four month extension to its bailout program. That did come with the need for them to submit a list to its creditors of the necessary forms it was going to carry out. That was meant to be submitted yesterday. It has certainly been submitted by now because were getting use of whats on the greek reform list. It includes the fact that they say theyre going to consolidate Pension Funds and reform tax policy and fight evasion. They also said they will respect the privatizations where it has already been launched and theyll phase in a new approach to collective wage bargaining that does include new proposals. We just want to get you up to speed with the Market Reaction were seeing the Greek Stock Market is up better than 5 . Bond yields in g
At auction, tuesday, may 12, 2015. From nbc news, this is today, with matt lauer and savannah guthrie. Live from studio 1a in rockefeller plaza. Good morning, everyone. Welcome to today on a Tuesday Morning. As we open this Tuesday Morning our thoughts and prayers go out to the people of nepal. Can you imagine what theyve been through and now another major earthquake has hit. Breaking news out of nepal where this damaging new quake struck overnight causing deaths and injuries and causing buildings once again to collapse. Nbcs katy tur, what do we know . There are buildings, mudslides and 42 People Killed so far, but that number is only expected to rise. This was 7. 3, centered on namche and 51 miles from kathmandu which as you know is devastated from the april 25th 7. 8 quake that killed 8,000 people. This one not as big, but still powerful and felt as far away as new delhi where buildings swayed for more than a minute. The usgs says todays 7. 3 quake lasted more than a minute and the