We are going to start in athens. Eurogroup president jerome is set to meet greeces new government for the first time later today. It is a story that everybody is watching. We are trying to work out whether there is a mandate. We will talk about that in just a moment. Lets talk about sanctions on russia. This is also part and parcel of the greek story at the moment. Increasing violence in eastern ukraine. We are watching the story very carefully. There is talk of more individual stories here potentially more visa bans. Ryan chilcote is on the ground in brussels. What have you been hearing from the Foreign Ministers . Effectively, what theyve done is kick the can up to their bosses. February 12, the heads of state gather here in brussels. What the Foreign Ministers did last night was agreed to expand the black list of individuals subject to travel bans and asset freezes and also extend some sanctions that were imposed right after crimea was annexed. Those are sanctions light. One to 10,
Francine im francine lacqua. Central banks are in focus today. The fed left open the possibility of raising Interest Rates in the second half of the year. Guy bank of japan kept the status quo. It will keep adding 80 trillion yen to the monetary base. Brazils central bank boosted their Interest Rate for the fifth time in an effort to fight inflation. Finally the Russian Central Bank Rate Decision. Francine for more on this lets bring in james, a senior economist. Lets talk fed. It seems yellen is hanging on to this rate increase despite the weak economy . Is it a sign that she expects it to increase or is it a sign they are trying to give to the markets . James they are expecting real Household Income growth which they sounded upbeat about in the statement. It will feed to Consumer Spending and increased Business Investment down the track. I think they are hopeful that is going to happen. It struck me by not after the march meeting and by not saying there was no predetermined path like
Indepth interview with intesa sanpaolos ceo, the head of italys secondlargest bank. He is on the hunt for acquisitions. Now i asked him about his potential partner. Carlo if you want to top the asian margin tap the asian market, you need a good brand. That is the reason why i am looking a possible acquisition of an International Brand. I am growing in such a way that i tonight not need to, an extra engine for my growth, but the strategic target could be to have an International Brand in order to tap International Diversification. Francine basically a brand name more than operations. How big does it have to be . Is it something everyone recognizes . Carlo there is a point on the total amount of Market Capital for the possible target, because the reality, you can have a wellrecognized brand that has a market cap that could be higher than all of my prior breaking Division Banking division. I want to have the control of this entity so the target should be in the range, my Banking Division
Good morning, everybody. Welcome. Youre watching the pulse live from bloombergs european headquarters. Im guy johnson. Cementing a deal. Holds profits steady as it drives toward a merger. Were live with the companys c. E. O. Lots to talk about there. Now u. K. s seven lean years finally open. Were going to look at britains ounce back and its biggest Infrastructure Project, cross rail. And the data. Not that rosy. We saw better p. M. I. Data out of germany yesterday. The forecast was 109. 4. Somehow the your owe reacting . A weakness this morning. Lets take a look at the pair. This is euro dollar. Which is coming up any second now. There you go. Session lows. Definitely down toward the bottom end of the range. Ok. Lets talk about the corporate news. A lot it today. It has rate some of the biggest stories we have been talking about over the last few days. Time for another bloomberg exclusive this morning. Shares in europes Biggest Airline very much on the up today. Operating profit has t
Good morning, everybody. You are watching the pulse. Im guy johnson. To 20 feetrs fly up high. Meet the hover board. This looks like a fun way to spend your summer. Ofs, live with the ceo Bentley Motors. This is a books wagon owned business. We will talk to him about his exposure to russia and how he views the ongoing geopolitical story in relation to his business. Talking of which, we have been talking to a number of big bosses this morning who have significant business in russia. Ceo. F them is unilevers he says he is committed to the country. Caroline hyde joins us. He said earlier this month that a land ofssais asa as opportunity. Is that the sent to government this morning . He is not steering away from that. In june, he was meeting with the deputy Prime Minister saying they were looking at acquisitions over there. They recently bought a Makeup Company and russia. In russia. They have more than 6000 employees. An. Com think. Company. Glodutch is the pressure building . He was very