The president said of taiwan and china will meet for the first time ever, the meeting will take place in singapore. Divisions between the two nations go back to 1949, when chinas nationalist fled to taiwan after being tweeted by the communists in the still war. China considers taiwan as parts of its territory, aiming to unit the two nations. This will be hugely historic phone mainland taiwan, and the coull mination of a progress going on for several years. Especially under the stewardship, who has been pushing for closer tieses. We have seen the closer links in business, communication and transport. Millions of tourists travelling back and forth between thailand and mainland china. We have not seen a corresponding closeness in diplomatic terms, that is more fraught. This is hugely significant and adds an interesting dimension to president ial elections in taiwan in january, the Main Opposition Party is expected to win. This is the last best chance of an historic meeting taking place wh
Trying to turn america on to cricket we will hear from the lone master and later in the program. Tough new measures raising the minimum sentence to three years. Lawmakers voted 51 to 17, in favor of the move, weeks after Prime Minister declared war on anyone who throws stones at the security forces. Parents of underage offenders also face new sanctions it will be denied safe benefits while their child serves jail time. The israeli arm has also imposed a closed military zone in the occupied west bank. The implications of the move are unclear. It comes afters forces raided the Radio Station, and took it off air. The israeli army has accused the station of inciting violence, but the director says the shut down is a violent aggression against palestinian media. More for us from west jerusalem. While groups have described the passage of this law which has been fast tracked through the parliament, as harsh and extremely punitive, those convicted of throwing stones will now face a minimum of
It helps if the Investment Bank swings into profit. One thing that they did do was put forward profitability targets. We are still seeing if it will react. It doesnt look like it is moving quite yet. Announced 15,000 job cuts. That will raise capital 5. 1 billion. It also had that unexpected quarterly loss. It looks like it is moving down 6 in london trading. This posted a surprise increase in thirdquarter profit. That is the stocks we have been watching. Were still waiting for ubs to open. Who just bring up the aussie dollar. It has been getting against most of its major peers. They sent product prospects to economic concerns in recent months. Speaker we will talk about the rba and a couple moments time. Here is what is happening in todays program. The image and scandal spread. Then, the rba holds. Breakoute surges and talks over dinner. The eu reform demands a day after meeting with the german finance minister. Ubs, the Worlds Largest wealth manager has reported require net incomes t
They include the audi and porsche. Welcome to countdown. It is a busy morning. Let me walk you through where we stand right now. The Banking Sector is front and center. The the news from Standard Chartered rocking the banking world this morning. Bill winters is cracking on with changing this institution. Let me show you the share price reaction. Standard chartered, from top to bottom, 8 drop in hong kong. We will see how we trade through here in europe. Ubs has just been breaking as well. In terms of the headline numbers, we had a net income 07 billion swiss franc. Looking through the numbers, i would say that the Asset Management division has slightly underperformed. Few misses,is a a few gains. Manus cranny is going to be talking to the ceo later on. Really looking forward to hearing what he has to say about his bank and where it goes from here. 6 45interview coming up at london time the a big focus on the banks in london and in europe and in hong kong. Lets get the details on how as
The trouble spot, the storm front and the heavy rain theyre on the move up the east coast today. On the other side of the country a first taste of winter. Hard to believe but snow falling in the sierra for the first time in season, meanwhile, high winds and dust triggered this multicar against near bakersfield, california. At least 15 vehicles involved. Accuweathers Molly Cochran has the western forecast. Good morning, molly. Good morning, kendis and reena. The unsettledness continues across the southwest tuesday. Looking at rain and snow to continue coming along with it are some powerful winds, Salt Lake City to las vegas, definitely could cause for a few flight plans to be hindered looking at those wind gusts to get near 40 to 55 Miles Per Hour. Heres a look at our snowfall total map through wednesday. Any of these dark blue shades indicates 6 to 12 inches of snow now this disturbance is going to continue to shift eastward. Hard hit texas round after round of raincould go in and that