The story there, the biggest acquisition by a Chinese Company. The Technology Grab as well. They are talking about gm products. Lets get more on these stories. Lets go to Caroline Hyde. Caroline chemchina has offered to buy syngenta for more than 43 billion. The plan to take over the swiss seed maker comes as the company extends its shopping spree. The allcash offer would be the biggest yet by a chinese firm. 30 crude is trading below a barrel again. Japanese shares plunged more than 3 in less than two weeks. Biggest twoday drop in almost seven years. U. S. Industry data shows crude stockpiles increased. Analysts are predicting oil prices will climb by around 50 by the end of the year. Crude will reach 46 a barrel 48 t will trade at 48 a barrel. Guy, back to you. Guy thank you very much. Less than half an hour ago until European Market opens here it opens. Take a look at where we think thats telling us it is likely to be half percent lower on the ftse 100. 8 . Ax lower by jonathan Japa
Said to leapfrog apple and become the worlds most valuable company. It is their first Earnings Report under the new structure. Headlines,ok at the powered by over 2400 journalists in 150 bureaus around the world. A quick look at the market. We have hong kong and china close to the lunch break. This is how they were trading a mixed bag. This is a picture for singapore, tokyo, and mumbai. Its time now for bloomberg west. Emily im emily chang, and this is bloomberg west. Coming up, leapfrogging apple is the worlds most powerful company, topping investments and letting investors take their first peek. Will our data centers of the future be lining the ocean floor . We will talk to microsoft about the first server pod underwater. Now to our lead. Alphabet surging in afterhours trading, up as much as 9. 4 , surpassing apple as the worlds most valuable company in extended trading. After the company top there estimates, fourthquarter revenue passed on to partners and rose 19 to 17. 3 billion. U
Julie weve seen the resumption of this correlation between oil prices and stocks and the resumption of concerns about Global Growth with no particular catalyst today. We do have a lot of earnings reports in the u. S. That disappointed investors. The nasdaq has been leading the kleins, down 2 . Declines, down 2 . It has not really made any significant attempt at rallying. Take a look at my bloomberg for the movers within the dow. Stock that isonly up in the Dow Jones Industrial average. Goldman sachs, boeing and chevron are the three largest weights on that index. Regulator this boeing appears to be following this general turmoil we are seeing. Chevron falling with oil prices as exxon mobil and bp are reporting earnings. And the dollar have not held their rallies. Julie they tried, but it did not work. Oilad a couple attempts for to take a leg up and then it has come right back down again. Almost at the lows of the session, down nearly 5 . There does not seem to be a particular catalyst
Im on edwards. Mention this and i headlines, china has made an offer. Per share, that is in cash flow to that compares to a monsanto offer previously which not all ins francs cash. Not always comparing apples to apples. Remain a Global Company centered in switzerland. Thepany could management will stay in place. Perhaps the company will be delisted. We will wait for confirmation on that. Theyre saying that the existing management will continue to run the company. Were getting numbers out of them in terms of how they perform. 13. 4 billion against an estimate of 13. 5 billion. A 2. 7 7r coming in billion. A little bit above estimate on that. They are also saying the fullyear diluted is coming in at 17. 7. They enter into agreement on february the second. Theyre saying this morning at the syngenta offer is equivalent previously, the offer had been at 4070 for the month. That wasnt all in cash. This testing to be more cash. Getting confirmation this morning that china makes a cash offer t
Where does oil go . The earnings that are little below expectations. Tom we have Liz Ann Sonders in the next hour and steven major. Looks absolutely brilliant in 18 months as he lived for low rates. We are thrilled to have Robert Morgan stanley from tokyo with his authoritative view on what the bank of japan has wrought over the last six days. Withine we have that call yields going to 0. 1 with japanese 10year yields going below zero. Lets go to bloomberg first work tears. Vonnie the syrian peace talks are close to collapsing. Opposition groups are threatening to pull out unless russia and syria stop bombing rebel held areas. The United Nations mediators are overseeing the process and hope before nationwide truce. A terrifying moment in the skies over somalia. A whole is ripped in the side of a jetliner. Landed safely in mogadishu. The king of spain has turned to the socialist party to end the political impasse. He asked socialist Party Leaders to form the next government. Six weeks ag