Hoursr in hal af an time. 4sbcs First Quarter hit 5. 9 billion. It will contemplate share buybacks as and when appropriate. Anna edwards spoke with the banks cfo and asked whether 2017 will be the end of revenue decline. I have to say id be a happy man if i could close out 2017 right now. Revenued to see 4 growth over the course of 2017 and notwithstanding a very good start in the First Quarter. That is the guidance we are holding as we move into discussions with investors. Anna can i ask you about share buybacks . Were were some that disappointed to not see another. Last summer he talked, you said the ratio target of 12 . If youre about that you will contemplate returning cash. You are well above that. Why no cash right now . We have just finished a 1 billion buyback on the 12th of april. When you add to what we did last year, that is 3. 5 billion. I would not encourage investors to think we are going to do buybacks every quarter. Were very happy at 14. 4 . As we said, the happier las
Im mark barton in london. We have stocks falling for a fifth day. It was a central bank heavy day yesterday with yellen, carney, and draghi speaking. Against theup dollar, rising to a oneyear high, 1. 1381. The yield rose the most sense january yesterday after fed chair janet yellen spoke. The u. S. Can withstand higher rates. 0. 1 ,mex crude is down by falling for the first day in five u. S. Days. Crude stockpiles rose, exacerbating this government data. Inventories extended declines from that record reached at the end of march. Lets get the bloomberg first word news with sebastian salek. Reporter a new cyber where attack has reached asia after spreading from europe to the u. S. Overnight. With being carried out users told to bitcoin. Ransomeware is becoming a routine risk of doing business around the world. Senate republicans have postponed the vote on a new Health Care Bill after at least five gop members said they would not vote for the bill. The delay is another setback on the rep
Have five or six and here theres three major ones. Ill be a little tired tomorrow. Lets get to the first word. Heres taylor rigs. Taylor starting in europe, germany has looked at President Trumps allegation it owes large amounts to nato and the u. S. Put german accountant said theres no cannot. Theyve complained in the past most nato nations including germany dont meet the goal of sending 2 on convince of their budget. The challenger to merkel is ruling out a Donald Trump Style campaign. Martin shultze won the parties in september elections and pledge to avoid personal attacks. Social democrats are in the statistical tie with merkels Christian Democratic Led block. In the u. S. The Senate Begins hearings today on President Trumps nominee for the Supreme Court, neal gorsuch and theyre trying to get enough votes for the 60vote threshold for the streak picks and if not they will eliminate the threshold. Nd use a simple vote netanyahu threatened to dissolve his government and call early el
We have a great show lined up for you. Weis friday, which means bring you our weekly show brexit, whats next. We talk with the Aberdeen Assets Management cio for property. Of guest host for the chunk the show, the biggest chunk of the show, is an richards of mmg investments. You can see stocks pretty much unchanged. It seems this is probably my chart of the hour. Lets get straight to it. Tos brings europound back 1. 975. You can see currently where we are standing, 88. 93. We did reach 92 a little bit earlier on. We are seeing a bit of movement back to 88. Will we see parity . That is what reporters are watching out for. Market news, but first, the bloomberg first word news. Nejra chinas overheated Property Market shows signs of cooling last month as authorities stepped up homebuying. Prices read rose. Prices fell in six cities compared with four months earlier. A sewing Property Market may provide some relief for Property Markets without killing a main pillar of growth. The Hong Kong
The diplomatic spat between saudi arabia and iran, and the fact that they did not find an agreement. Pullback, widely expected. But you really wonder where they go from here. I do not have a handle on what the next next is for opec. Tom we know who is in charge now certainly when it comes to oil policy, the prince of saudi arabia, and we know that opec a second. Nice bow tie. Francine i wore it tom i wore it for the queen. Francine lets go to the bloomberg first word news. Voted in the congress favor of impeaching recess. Now it is up to the brazilian senate. They say it will be difficult eff to win to rous the vote. The death toll is rising due to the earthquake in ecuador. At least 272 people were killed and at least 500 were injured. Some coastal towns were devastated and many people were trapped in collapsed buildings. In japan, the series of earthquakes that has struck the island since thursday are the nations worst in five years. More than 110,000 have lost their homes. Beth kore