Also coming up, cathe pacific is hit by lawsuits. We speak to the chief executive ivan chu at 10 30 a. M. We are getting news from the Norwegian Wealth Fund following it decline. This is the biggest Sovereign Wealth Fund in the world. It has invested a lot in oil. It has tried to focus more on real estate. Falling 0. 9 . I think that is in terms of revenue. Manus cranny will have an interview, the only exclusive interview for International Media with the ceo of norgas bank later on. That will come to you on the pulse. The German Parliament is right now debating whether to approve the greek rescue package. Hans nicholsrlin has been following the developments closely. We spoke to a key Angela Merkel advisor. He was pretty confident this is the boat will not only go through but will go through with a very large majority. Our next guest says the greek house is burning. Microhe head of rbs credit in research. Thank you for coming in. Maybe a brigade is little bit too late, but in the last 2
When that news came out. Moves tell you, he really the market. This is. How skittish but the number one story is the are thef Cathay Pacific challenges of asia and china. If you go through the headlines forget about hedging. It was a grim report. Ceo,ine and certainly the who has been in the job for about two years, is under pressure. We will speed to him in half an hour. Lets get to the bloomberg first word news. Taylor donald trump is shaking up his struggling campaign again. Bannon to behen the new ceo. Kellyanne conway will become the campaign manager. All of this is seen as a motion for Paul Manafort and a sign that trump will stick with his aggressive style. To for the people arrested during the coup attempt. Some 38,000 people will be released, including those who showed Good Behavior and have less than two years to serve. 35,000 people had been the kind detained for questioning. Angela merkel joins the campaign jet trail again. It is less than three weeks until the election in
We have a lot lined up for you including one conversation with the former opec president and algerian oil minister, chakib khelil. The good thing is he will be up to put every thing into context and say why opec costs are different now. We are having breaking news from the middle east Sovereign Wealth Fund. We speak to the ceo on a fairly regular basis. It has returned to profits. This is because its Trading Division made some money. This is a huge Sovereign Wealth Fund. Biggesttually the Sovereign Wealth Fund in the world. There were concerns about the impact that oil has had and on the Sovereign Wealth Fund saying it has returned to gains in the Second Quarter even as it warns low Interest Rates will put pressure on returns and this as we have seen more withdrawals from the government. It is on some of the gains are due to the way they positioned on the bond. Lets get straight to your markets. This is a picture overall, dollartocks are actually being under quite a lot of pressure yes
Im francine lacqua. Weve had quite a lot of volatility over the last couple days. Asian down, european stocks rebounding after declines as investors speculated that we will get more stimulus from the ecb when mario draghi speaks tomorrow. I want to show you banks. There is more concern about the impact of negative rates on the banking sector. Yen at 112. 53. The yen is the worlds is performing currency this week. Losses set off by disappointing trade out of china. Breaking news out of norway. Just releasing its 2015 report. 2. 7 unds return is about in 2015 as the stocks overall have gained. There were previously burnt by the price of oil. Now they are saying this 2. 7 return is not bad. We will break down the figures and of course bring you any further breaking news has the norwegian wealth fund. Lets get to the bloomberg first word news with nejra cehic. Nejra Bernie Sanders scored a surprise win over Hillary Clinton in the Michigan Democratic primary. He overcame a doubledigit lead
Viewers in europe and those waking up in the united states. Guy we are here in london. Francine we have the news. We have protests in front of the headquarters in frankfurt. For more, we are joined by mike on the program. Great to have you. How much are you putting on the budget . This is the political budget and the elections are days away. We will get a budget after the elections and if it shifts the polls, how much . It looks like we are in a minority government and anything that shifts the polls would be good. Guy a has shifted since the autumn statement. As it stands, he will lower it for this year by a couple billion and it will lower inflation and welfare payments for the future years. He has 23 billion pounds and he has wiggle room. How much can he use and retain the argument that he is a responsible chancellor and that is the key challenge he has got. Francine the election is difficult to call. Is there something that would scare investors away . The market is aware the chance