North korea despite the latest missile tests, three, in fact. There is a lot ahead to kick off the trading week. I want to start with one story that may not be on everybodys radar, but certainly in california. As we speak may be holding a meeting where they determine afterll be the next Ceo Travis Kalanick was ousted. Overesting developments the weekend. The former ge ceo took him out of the running to lead uber. , i haved, in fact decided not to pursue a leadership position at uber. I have immense respect for the company and founders. Not sure what happened there, but there was speculation that jeff did not like the chemistry of the board. Took herselfwho out of the running, she seems to be back in the running and may be voted in as the next ceo of this company. With all the diversity problems we have in hearing, having a woman lead uber is not the worst thing for the board. It could be a boost to the image of uber after the tumultuous time we have seen. Saying ieen on twitter am not
Rishaad right, well, banks reporting out of china this week. Note onjust seen a nonperforming loans. People keeping an eye on that. This is an alarm bell for the amount of debt they are caring. Showing what 9438, is happening. Out of all of them, it is Agricultural Bank of china which is the worst. Its nonperforming loans seemingly worse. All will be revealed this week, the big four out with earnings and indeed these numbers as well. Haidi absolutely. A lot to digest when it comes to the asian open. We are getting the washer from jackson hole, more what wasnt said by janet yellen and mario draghi, the latter refraining from commenting on Monetary Policy or the strength of the euro. The dollar lower on the account of janet yellen sounding more dovish than expected. We had saber rattling out of north korea, and the big calendar when it comes to macro data. Friday, and china pmi rounding out that picture when it comes to the chinese economy. We are 30 minutes away from the open in china a
Conversation with michael dell. First to our lead, the worlds most valuable startup may be going public sooner than we think. The incoming uber c. E. O. Met uber employees wednesday and thinks the company should go public within the next few months. He also outlined some of his Top Priorities at the job, including coming up with a new set of Core Principles and bringing in a new chairman to help implement the agenda. Uber tweeted out some of his remarks, saying, the company has to change. What got us here is not going to take us to the next level. In addition to taking the ceo chair, he will likely get a seat on the board, opposite chairman Travis Kalanick. Meanwhile, Travis Kalanick has already expressed interest in returning to a more active role in the company which could create a potentially awkward dynamic that khosrowshahi will have to manage. In the meantime, it was all smiles at the new Board Meeting as Arianna Huffington shared this selfish on the changing of the guard at the
Set back from the brink, putting independence on hold and calling for negotiations with madrid. Betty we hear often, what are the black swans out there . Perhaps a few months ago you would not have heard catalonia who would have thought this . We have seen Market Reaction in europe in particular to the further independence moves by catalonia. Spain saying this is deferred independence we are facing. I want to show a quick chart to show so far how isolated this is. It looks like it could possibly spread. 99, the white line showing you that point where we started to see more and more about the independence referendum. Falling, dramatically diverging with the euro stoxx 600 index. That gap looks to widen as we see a bigger and bigger rift between catalonia and the madrid government. Yvonne seems they are still delaying this independence push. Country, the politics and economics side of things, threatening a key economic region for spain in particular. We heard from of the imf, they have r
Virtual reality check. Its the next big thing that never quite took off. So can facebooks new gadget finally bring vr to the masses . Plus, the art of ditching the deal. Could President Trumps new strategy on iran mean the return of us sanctions . We get the views of an iranian investor. Welcome to World Business report. Im sally bundock. Also in the programme samsung boss jay y lee arrives at Seoul High Court for the first hearing of his appeal case against a five yearjail term for corruption. Well have the latest. We start in sanjose california where facebook boss Mark Zuckerbergs announced plans for this a Virtual Reality headset that you can wear anywhere and doesnt need to be plugged into a computer. The oculus go will cost 199 and be on sale early next year. Facebook is hoping the gadget will finally kick start mass interest in Virtual Reality, and get a billion people using the technology. Fans of vr think it can be used for anything from gaming to social media, communication or