Discussing enough what the Standard Chartered bank and hsbc is doing where they are saying they are going to agree to whatever with new security rules of hong kong. How big a deal of this in your london . Francine well, it was quite a big deal when they announced it. I think you and i spoke to stephen engle. He reminded us, it goes to show may be the influence that beijing has on some of these companies if they want to have licenses in mainland china. This is actually quite difficult to dig into the deep root of it. Now, we understand that there is a backlash from investors. Just yesterday, we had o aviva, one of the biggest investors in a lot of these banks, saying it is decisionable with the of hsbc and Standard Chartered, it is uncomfortable about the banks decisions. Tom absolutely fascinating what we see their. We have got lots of coverage through this hour and on through bloomberg surveillance. Theill be joined from school of chicago, the former leader of the central bank of indi
A symbolic visit and that is how he in japan where he calls upon the worlds Nuclear Nations to scrap their all. Time head on free glad he could join me polls have closed in hong kongs District Council election with turnout higher than in any election in the territories history now the vote is a symbolic one it is seen as both a test of support for embattled chief executive kerry lamb and is a referendum on the prodemocracy movement that has rocked the city for close to 6 months. The prodemocracy movement urged hong kongs people to vote and they turned out in force hours before polls closed numbers had already exceeded previous records on the surface of it the poll to choose Council Representatives and Link Community level concerns like garbage collection may not seem particularly exciting but these elections are the closest thing that hong kong has have to direct representation District Councils have long been dominated by the probation establishment and voters seeking change hope that
Countries are trying to resolve who will accept the refugees rescued from the mediterranean leaders from germany italy and france are meeting in manila in malta to find a solution to the ongoing dialogue. Plus the game of thrones rules once again at the emmys they describe a willful best drama take a look at the winds and upsets on t. V. Big night. Cheema. The worlds oldest travel Company Thomas Cook has collapse after feeling to secure a last minute bailout more than half a 1000000 people worldwide a car into travelling with the group the u. K. Civil aviation authorities beginning an operation to bring home some 250000 british customers stranded abroad british tourists stuck on the Spanish Island of majorca have been airing their frustration. Nightmare they mistrust. Not wanted really the full. What can you do we want to show in the news to change a whats happening. Though no one has spoken does no one has email to support the pain that you just won but i. Thought you were flying once
Is produced. Fight to save. The battle against. Im british welcome to. Its good to have you with us the fight for democracy in hong kong is going regional less than a 2 off light away in taiwan it is being viewed as a test of the one country 2 systems principle its the arrangement china has in hong kong and believes it could be applied to taiwan which it views as a break every province i know this week in taiwan hong kong prodemocracy activist Joshua Warren said this principle had collapsed a significant comment ahead of the 1st which will be the 70th anniversary of the founding of the peoples republic of china. What we hope urged. People to an october where one country. We. Call. In hong kong to fight. Well aware of. Hong kong. And thats all he has already been on display on this island in june mostly young people rallied in support of the prodemocracy protests in hong kong to shore support isnt hard to understand if you look at where taiwan is the chinese mainland and taiwan are sepa
Good morning, everyone im carolin roth great to have you back on the show once again. Were roughly one hour into the trading session. Lets show you how were faring. A bit of a mixed picture the xetra dax up 0. 2 . The ftse 100 up 0. 50 . The cac 40 and the ftse mib are slightly underperforming lets show you what european banks are doing this morning were seeing a rally across the board. Deutsche bank up 0. 2 . So, these banks, they have been rallying for a couple days now thats because the expectation of a steeper yield curve in europe but a couple other factors, such as shares at hsbc trading at twoyear high after Morgan Stanley upgraded the stock to overweight boosting the price target by 20 to 84 hong kong dollars londonlisted shares are trading higher this is the big story which boosted banking stocks across the world. American banks are rolling out massive dividend increases and buyback programs after the fed gave a green light to shareholder payout plans at the 34 biggest u. S. B