That growth stalling in april, and weakness in private consumption increasing the likelihood of that delay. Quit. O of noble group has accepted theaid it resignation, with William Randall and jeff frase replacing him. Plunge 60 of her questions about Accounting Practices dogging the company. Wang jianlin is offering to buy a hong kongatize listed property unit. Wang jianlin told China Central television that the unit is substantially undervalued and must proceed with the privatization. Closed in the u. S. And u. K. Today for memorial day. Lets check in on markets in this part of the world. We are in the middle of the trading session and asia. Topix up. Nikkei 225 up by over 1 . At the moment. Swinging between gains and losses. Take a look at the fx space, the out,g dollar story playing continuing to talk up the expectation of an imminent rate hike by the fed. 4 10 of a percent to the upside for the dollar index, that is what dollaryen is looking like. Falling the most in a month. Takin
David it is all straight ahead on bloomberg best. David hello and welcome, i am david gura. This is bloomberg best, your weekly review of the most important analysis of Business News and interviews from around the world. As the week began, a proposal to merge two giant Chemical Companies took over the headlines. Shery bayer is proposing a blockbuster deal that would create the largest supply of Farm Chemicals and genetically modified seed. Bayer wants to buy monsanto for 62 billion in cash. That represents a 20 premium. It would be the biggest takeover ever by a german company. Francine if monsanto actually rejects your offer, are you ready or do you have a capacity to increase the offer . Werner we are totally convinced about the effectiveness of our offer. If you look at the fact that it is a 37 premium over and above the effective share price as of may 9. That is a strong testament as to the Value Proposition of monsanto shareholders. It is also in line with the transactions and att
That was the moment of silence in nice for those victims that took place. What are we talking about . 72 hours ago. Thursday night. Thursday night. A little more than 72 hours ago. A terrible tragedy. Were going to talk of a number of tragedies this morning. Before we do that, we want to take a look at the markets. It was a pretty spectacular week, the dow jones looks like it would open up higher this morning. Our s p 500 up about a point and the nasdaq up about a point and a half. Overnight in asia. I think were keying a little bit off of whats happening over there. European equities aet this hour before we get started this morning, youre looking at a bit of a mixed pitch. Things have been marginally down and finally were going to look in the 8 00 hour. Right now wti crude standing at 4899. Japan softbank is buying the chip designer a. R. M. For 32 billion. Softbank says it will double its ploemt head count in the uk over the next five years. A deadly military coup has failed. Thousan
Good morning. You are watching the pulse. Im guy johnson. Im francine lacqua. 14 years after inheriting the biggest budget deficit since 1945, the u. K. Chancellor will give his last autumn statement before the general election. Ispite the recovery, osborne less than halfway toward his goal of returning public finances to surplus. So what can we expect from the statement . We will bring you coverage of all those issues that matter of ahead of the statement this morning. We are bringing full coverage of the statement. We will take that live at 12 30 london time. First, we got two hours of analysis right here on the pulse. Some key guests. A game of numbers is a good way of looking at this. George osborne delivering his auto statement and the forecast are all about the deficit. Around 100 billion pounds for much of this year. Much higher than previously anticipated. Cut or spend, we will do the math with the institute of fiscal studies Program Director. She is going to be working through