A company admitting many bear an eleven million the worldwide. Reports from the frankfurt stock exchange. Look. Hold me. Hold. Me. One of the weaker one. Was not according to the. Chinese investors. Geely company has become the largest shareholder in germany stunna a Company Stock market filing say he bought a nine point seven percent share in the maker of luxury order now. Is the chairman of giving Automobile Holdings so multinational Automotive Company based in china the billionaire already has holdings in europe gilly acquired swedens boardwalk car maker eight years ago. And time for the latest from across the pond so lets turn to saw fisherman ski our correspondent on wall street have a selfie in new york nice to see you now first off the Monetary Policy report has merely stick Congress Today tell us more what we should be looking at in that report. Both for investors the main question at the moment is certainly if there might be a forced rates hike in twenty eighteen and the repor
A. Gold. Digger will be. One of the weaker ones here. Was not according to the. Chinese investors. Gillie company has become the largest shareholder in germany stonor a Company Stock market filing say he bought a nine point seven percent share in the maker of luxury order. Is the chairman of gillet board a mobile holdings a lot International Automotive Company Based in china the billionaire already has holdings in europe gilly acquired swedens volvo car maker eight years ago. And time for the latest from across the pond so lets turn to saw fisherman ski our correspondent on wall street have a selfie in new york nice to see you now first off the Monetary Policy report has merely Still Congress today tell us more what we should be looking at in that report. Oh for investors the main question at the moment is certainly if they have assessment of the American Economy and how they are going to further proceed with Monetary Policy and their main instrument the federal funds rate in this repo
German Software Giant delivering a mixed bag. Two french luxury stocks today. Shares fall in part to japanese consumer demand and shares in the drinks maker lower. And to our top story in the last couple of hours toshiba announced the resignation of his ceo over the accounting scandal. Hell be replaced by the japanese firms chairman with 8 of the 16 Board Members expected to step down. The changing management is due to this scandal. The president and chief executive will be replaced by the chairman. His predecessor who is vice chairman will also quit. Now we are awaiting for the Leadership Team to announce and tell us about it being made. Its helping the tokyo index approach an 18 year high. The japanese index already trading at a three week high. Investors are cheering the management change. Its going to take time. 8 out of 16 Board Members will be standing down. Thats a lot. Its a big management shake up. More Board Changes to follow they say. Incidentally also now you need to look a
Of failure. M it punches the most since november after the ceo quits. Anna welcome to bloomberg daybreak europe, our flagship morning show. I am anna edwards. Manus im manus cranny. The world deals with another terror attack in barcelona. That is the reality of the world we live in but also across the pond, the world deals with the reality of what is happening in the white house. It is a double punch for the market. The s p 500 is down 1. 5 , the second worst day this year. It has only swung 1 in three of the last six sessions. Are we dealing are we building up to more . Is what really unnerved the market yesterday. They report was set to go, denied by the white house. You have volatility rising. Rising but it is not doing what it has done historically which is drifting away after the events. Anna after terrorism in barcelona, not just in terms of white house agenda, but what does it do for the race to lead the fed as well . Lets get to the risk radar and show everyone where we are in
Fueling more. War. Both sides are accusing the other of preparing to attack. The battle over the Keystone Pipeline resumes on capitol hill and if likely to have a huge impact on the one senate race that has not been decided. The house votes today on the controversial project. Very landrieu of louisiana persuaded the senate to vote on an identical bill. She faces a runoff against bill cassidy. Hallelujah. St say, i will say it again, hallelujah. You would never have passed his body and not have any chance of getting the president s signature. Even if the bill passes, president obama could still veto it. They probably dont have the votes to override a veto. President obama is an myanmar today. He meets today with the president of the country. They have transitioned from a military dictatorship to a semicivilian government in the last two years. He will also meet with the nobel prize peace winner, leader of the opposition. The Obama Administration wants more than 6 billion to fight ebola