Anna it has just gone 6 00 here in london. China is your new number of the day. 6. 5 is the number we are having highlighting a minimum growth estimate for what the country needs over the next five years. Not quite so straightforward to transfer into that a new target for the government. 6. 53 specifically. Manus quantitative easing is not the road they want to go. Rate in theinterest United States of america. All based on the fact that she did it. Meeting ise december live. This is a spike in the twoyear Government Bond yields. Concerns about the International State of play, less concerned about that. Anna we have seen this reaction in the twoyear and the dollar and we also saw a reaction in the Government Bond market more broadly. 48 chance of an Interest Rate hike in december. Agenda. The european manus we will have barclays, deutsche, the big exposure to brazil. Ninemonth ordinary profit comes in at 5. 1 billion euro. That is the top line for them for the ninemonth numbers. The bad
Exchange. Were watching ecb president mario draghi here on Worldwide Exchange. Lets listen back in. The final figure was actually lower. And this certainly contributed to restoring confidence in the markets. At that point, when the confidence was just returning, the ecb was of the view that he would have been highly disru disruptive to have 4 billion after it had already before. It would have been highly disruptive. In other words, the cost would not offset the benefits. This was the view. And later on in 2011, this view was confirmed and the foreseeable was about 2 billion. Also because they wanted to exempt to irish banks. So it was small to begin with. With the potential high cost in terms of confidence in the irish program. You also one also should remember that it was restoring Market Access, which, by the way, is the key to programs, really. So the main okay apologetic tif at that time was to achieve Market Access and this was thanks to the compliance with the program. Thanks to
Conducts more air strikes putting pressure on donetsk. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. A warm welcome to Worldwide Exchange. Heres whats coming up on todays show, a gold rush to cut costs. This is australias second biggest gold mine in the country. Also, could a political crisis in bulgaria be putting the trouble of ktb in doubt . And as investors await michael kors earnings, we learn what could be killing the handbag brand . Portugal unveiled a rescue plan protecting taxpayers to leave junior bondholders carrying the can. The countrys biggest lender will be split into a good bank and a bad box holding the toxic assets linked to the business empire. The bs shares are currently suspended after a record 3. 6 billion euro loss was posted last week. The European Mission says the bailout is in line with the eu state rules. To shares in pierre, we are looking at the beginning of the session this morning with Portugal Telecom shares under w
Welcome to countdown. This 7 00 in london on friday morning. Federal reserve members will gather in jackson hole, wyoming for the annual Monetary Policy symposium and will be the first speaks asjanet yellen chair of the fed. Investors will be listening closely for any hint of when this rate rise will happen. The drums are rolling. We have a number of hours to go until she speaks. 3 00 p. M. London time, 10 00 a. M. New york time. Said hawks are circling. They are taking to the air. Of course arm referring to Esther George and Charles Plosser. An interview with mike mckee said we have seen significant improvements in the labor market particularly this year. Have seen wek, we are in a good place to begin talking about normalization. We know Charlie Plosser is a dissenter from the philadelphia fed. She dissented seven times. Stop all of this bond storming being too low. Wages and inflation is not a great correlation. Really, that is not something that you want to focus on. It is prevalent
Negotiations. Mcdonalds reveals its comeback recipe. The ceo serves up a turnaround plan. We look at what could change. Welcome to countdown. Im manus cranny. Im caroline hyde. Coming up come a bloomberg exclusive. Amen considered the last a man considered europes last dictator. Have how the competence impacted his country. Lets begin with asia. Estimates adding further weight to forecasts that policymakers could step up stimulus to support this is a little bit of a different story versus the official data. That is right. New orders fell sharply. That basically evaporated. Overall reduction was stagnant. Not a good report in this april survey. Let me take a look at the numbers with you. This is the steepest contraction in a year. He shows chinas economic challenges the slowdown in economy, it may take more stimulus to arrest it. That is one of the reasons we are seeing market move higher. We will get to that in a moment. Back to these numbers. The pressure is on to roll out the new sti