Influential financial actors bring Market Insight to a global summit. I think it is tragic that we have taken rates down this far. I have not seen bubble prices in most assets. The pressure is great on everybody. Ultimately, youve got to produce. Scarlet its all straight ahead on bloomberg best. Hello and welcome. Im scarlet fu. This is bloomberg best, your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. The week began with reports from germany that created considerable worry for investors in one of the Worlds Largest investment banks. Deutsche bank shares dropping to a record low in germany today amid further concerns about its financial stability, whether the government will save the bank if needed. How long can the government distance itself from Deutsche Bank . Well, so, its a very complicated position, because we have an election next year, and we have on
Groups. To readrance gets ready new flights to iran, female flight attendants are protesting a decision that would force them to where veils once they land. , we will be taking a closer look at the panama law firm at the center of the Panama Papers leak. How they help the rich and in taxl hide their money havens. And the winner of the hong kong Film Festival is almost completely snubbed by the media in china. First, our top story live from paris. We will start with whats being called the biggest leak in journalism history. The Panama Papers. They have already whipped up a storm of controversy over offshore accounts and tax invasions for the rich and famous. Thousands of names are on the list including the Prime Ministers of iceland and pakistan, the president of ukraine, and the king of saudi arabia. Ties to Vladimir Putin were also detailed as well as star jackie chan and footballer leonel messy. Several Media Outlets around the world have and working on the documents including the fr
I am anna edwards. Lets start with breaking news. Of howe pmi, the gauge the economies across the eurozone are doing right now, these are the preliminary numbers for august. We were expecting on manufacturing a number of 51. 3. It has come in at 50. 8. The service number, that has come in just a shade below estimates at 53. 5. The composite number, we were expecting 53. 4. That has come in at 52. 8. That is a little bit below estimates. Slightly below estimates all in all. Clearly the miss against expectations lies somewhere outside of germany. Lets check how that is impacting on the euro. We are not far right now. 1. 3268. You can see the oscillations in trade around that french data which was mixed to negative and that german data which was better on all counts. Details from our international correspondent, hans nichols. Storye been watching this all morning. Just to recap, that composite number on pmi for the eurozone has come in at 52. 8. Way theis is in a reverse of a story where
The search and rescue part of this operation. There will still, of course, be an extensive search for answers, but in terms of locating survivors which was certainly the hope, it seems from the fell maybes that will rescue part of the operation will be wrapped up. We know 33 people were on board this vessel that started to make its way from jacksonville on tuesday bound for puerto rico. It lost contact on thursday. So far, the search parties that have been in the water overnight working around the clock the last few days have found just one body that the coast guard has told us about. They found the remains of one body in a survival suit. They were not able to identify that person. We know they also found an empty life boat. Theyve been deploying all of these resource was the hopes that they would find another life boat with people in it and some survivors out there. Clearly at this point that hasnt been found and now as you point out theyre calling off the search and rescue efforts. M
Bill he took time out to pledge his loyalty to isis. The real muslims will never accept the filthy way of the west. You kill women and children by doing us air airstrikes, now taste the Islamic State vengeance. We are leaving no stone unturned. We cannot speculate on the timing of charges or whether there will be charges. It will be unfair to give any name or person with respect to charges. We want to keep the public well informed. We do not want to invite idle speculation. Bill peter doocy leading our coverage. What else did they find on that terrorist phone . Reporter while he was in pulse he was searching for stories about the attack he was carrying out, the attack in progress. Mateen looked for articles looking for words pulse orlando and shooting. He also made 15 phone calls. He posted a social media pledge to the leader of isis. But most troubling a post that went before his last trip to pulse that went unreport bid his facebook friend where he said in the next few days you will