Lower. The Federal Reserve moving to normalize hiking rates a second time this year and unveiling the plan to trim its Balance Sheet, 4 4. 5 trillion there, despite another soft inflation reading. We do have a strengthening economy with policy accommodative, all that were doing in raising rates is moving removing a bit of accommodation heading to a neutral pace china seas Foreign Investment falling for a second straight month this as questions around anbang. And in a stunning turning point in the russia probe, the u. S. Special counsel, robert mueller, reportedly opens an investigation into whether President Trump tried to obstruct justice i kid you not, an hour and 15 minutes ago, we were saying where will we see movement look, an hour and 15 minutes later, an hour into trading we have a decentsized decline on other hands. Down 0. 6 on the euro stoxx 600 at the moment. We should go straight in and look at which countries are being affected the most in terms of this down tick. We have
To the us for experimental drug treatment. Now on bbc news, all the latest Business News live from singapore. China paints a green path for electric car technology, is the rest of the world willing to follow . And Women In India are fighting a taxing battle when it comes to personal hygiene products. Hello, asia. Good morning, world glad you could join us for this edition of Asia Business report, im rico hizon. China has a growing appetite for electric cars, sales there overtook the us last year and there overtook the us last year and the worlds biggest Car Manufacturers are paying attention. Of all though, owned by a chinese company, announced last week it will only make fully electric or hybrid vehicles by 2019 volvo. Tesla is close to locking in a deal to open its First Factory on the mainland. Automotive analyst bill russo believes all carmakers will follow suit in the not too distant future. Its been a good run. Its been 130 yea rs its been a good run. Its been 130 years since the
The fed meeting today. Investors are looking for any change in the statement suggesting they are acting and ready to fire with that next rate hike in december. A whole bunch of other elements into the mix. The reflation trend, equities are being impacted. The italian referendum later this year. So the stoxx 600 running half of a percent lower. You can see how negative is sentiment is. Every sector the trading weaker. Food and drink better end of the scale but banks tracking whacker by 1. 25 . This is a sector that has grown very aggressively in the past few weeks on the trading window. Investors are saying did we get it wrong in terms of not looking at this sector in recent times . The gains we saw in october very strong. Investors lightening up on risk. Thats why the Banking Sector is one of the worst performers. Autos another cyclical down by 1 . If you look at the gains in october thats a sector where you saw some activity. Lightening up on the portfolio may mean these names. Financ
Launches a new broadband service. Shares in henkle. The ukraine crisis is hurting europe but russias economy remains strong. The surrounding countries are reacting and russia remains strong. Europe is strong now. But germany is having the strongest growth since 2012. 6 billion and counting. Alibaba firmly on course for record breaking sales as consumers snap up online bargains. Cnbc speaks to founder jack ma later today. Display youre watching worldwide exchange, bringing you Business News from around the globe. Nouriel roubini says he doesnt think the fed will hike Interest Rates anytime soon. Factors in whether the u. S. Inflation and the rest of the world could lead officials to start hiking more slowly. It could be sometime in the middle of the year. Could be june, could be july. Even if inflation Employment Data the right level to start hiking, the fed would like to wait a little bit longer just to make sure that if they start hiking with the liftoff, theyre not going to abort it
Confirmed as one hundred and seventy four at this time they sang several days later investigated arrested they camped in the first mate and another member of the crew now. The rest him for what commanders for failing to get passengers off the ship safely. Investigators everything through Text Messages sent by there somewhere during that time the ship was sinking. They also revealing how the crew communicated with passengers a south korean opposition and has disclosed to record an inspection done last year on the ferry. Does that to maintain proper balance the weight of the cargo should not exceed nine hundred and eighty seven tonnes. Investigators believe the ferry was carrying about twenty cents. Prosecutors in question. Employees of the company that operated the ferry and members of the loading true they want to find out how they manage the cargill and if it was secured properly. Us Vice President joe biden has called on russia and to start taking action to defuse the tension in East