Piles the pressure on greece and italy. Six days from the japanese shows a deeperua setback. China sets records. Qantas looks to benefit from falling fuel costs. And in china the trade to a is ride rising record high. Steven joins us from beijing. Its another indicator of what weve seen for a while. Domestic growth in china slowing. Yeah, a couple of things going on here. Youre right, the continuing slowing pace of growth here. So thatslessened imports but also the fall in crude prices to that fiveyear low that drive down the value of the import. So we saw a fall. Export growth. It was much weark. Imports as you said surprisingly contracted leading to that record trade surplus last month. Larrys at mcsquare securities said that chinas economy is generally weak and that the Fourth Quarter that were in now is hardly an improvement from the Third Quarter which we thought was kind of the drop. Weve had Interest Rate cuts but it looks like this continued weakness is continuing. We had the p
We are watching the Worlds Largest jewelry maker. The latest trading figures. Welcome to countdown. I am mark barton. I am anna edwards. I am manus cranny. The start of the program and our top story. In an exclusive russias finance minister says the country is heading that way didnt recession if oil stays at around 45 a barrel. The rush is headed into a recession if oil stays at around 45 a barrel in the Current Situation and talking about 45 per barrel and expected activity for all year long and expect that to be for all year long. Is 45 a barrel what youre working on now . Is one of the possible scenarios. A possible scenario that generally that should be a little bit higher. In case it would be the price the decline would be between 4 5 . How long do you see a recession lasting . It is dependent on the global market. [indiscernible] a positive gdp performance. What does the price of oil stays low around 45 beyond this year . Something like 170 billion [indiscernible] now its somethi
Car maker shift into overdrive. Is a bromance brewing in brussels . He received a warm welcome from the european president amist word he will try to convince him to try to increase the countrys bailout. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. And were just getting the euro zone composite pmi for january. This is 52. 7. It was forecast at 52. 3. This follows the numbers. The competition pmi was 52. 6. We had in the last 15 minutes or so data as well. Italy beat france beat and germany slightly below expectations. The euro dollar off session lows 1. 146. The overall euro zone private sector growing at the fastest pace in six months in january. Firms slashing their rate. January services pmi at 52. 1. The euro dollar trading at 1. 14. Interesting to see the reverse trade over the past couplel of months. Alexis is at the moment meeting with commissioner president. The Financial Times is reporting he will ask him for a technical extension of the
Road map begins with retail results. Costco sales, bed bath earnings dis appointappoint but walgreen off to a good start. Alcoa, the q1 results miss on the top line. Profit did beat. Shares lower in the premarket. Greece makes its payment to imf. European stocks at new intraday high. Christine lagarde first on cnbc later this morning. But first, davids got breaking news on intel. Thats right. We want to tell people about the talks that have been going on between intel and altera first reported march 27th, have ended. Yes in fact without a deal. Jim seems to be excited about that. I knew it was phony. I knew they were talk bug just another let me give you details. Just furiates a march 27th story, intel in advanced talks to by altera that got the stock price up and frankly intels as well what happen i can tell you now, intel made an offer, in the low 50s, which is significant premium to where altera was trading and a price that altera stock despite the move up on the wall street journal
Hello. Welcome to countdown. Im mark barton. And im anna edwards. A standingeport is by across the world ready to deliver the stories that will drive your day. Marcus cranny is following ahead of the fed decision and we are also in berlin on the latest deal in brussels. Preks hans nichols is in leipzig and Caroline Hyde has the most difficult assignment. Shes outside a chocolate shop in london with the story on the surging cocoa. Click some people get all the tough diggs. Lets get a gauge on whether the markets are pricing in the tapering this evening in any form. Click to the speak to anybody, whether it comes tonight, january, march, the markets are prepared. As people who have kids, if you take sugar away from children, is anything preparing you for the ruckus that might actually come . There will be a reaction. It will come for a day, says Goldman Sachs. They make it very clear. 90 of the bond market have priced this end. I think thats the issue. Aboutd elerian will talk that tonig