Will come to countdown. Which just gone 6 00 a. M. In gone 6 00its just a. M. In london. Ready to deliver the stories that will drive your day. Ryan chilcote is live that the st. Petersburg foreign. Mia saini is in hong kong with details of the ipo. Jonathan ferro is in the studio to walk us through the latest fed minutes and elliott theine is in tel aviv as purchase of an israeli food company is going to be announced. This hour, a bloomberg first interview with the Russian Deputy economy minister. That is at 6 30 a. M. London time. Will be here to discuss those earnings. And on the move, hearing from the National Bank of abu dhabi. Its the biggest gathering of Business Leaders and this year the most controversial. Ryan chilcote joins us from st. Petersburg International Economic forum. Youve been covering this summit for 20 years, pressure for two decades in the big top line on this is who has decided not to attend. Is that a fair way to deliver . I think so. Whos not here and why. Ev
Hello. I am mark barton. Anna edwards. Nomic it is just on 6 00. We are ready to deliver the stories or your day. Manus cranny is looking forward to the decisions from the bank of england today on Ryan Chilcote as many most envied person in the newsroom outside ready to take a spin in the rollsroyce phantom. Headlines from the fastestgrowing holiday results later. For chief executives. Hans nichols has the details on a new app targeting business execs instead of teenagers. Up, a little bit more details on rollsroyce. Taking you inside the super luxury car brand. This is parked just downstairs here at bloomberg and Ryan Chilcote will take it for a spin later. Whose decision was that . Im not quite sure. Of the u. S. , the Federal Reserve saw fewer economic benefits from the Bond Buying Program because of concerns about a natural stability according to minutes from the last meeting. Whats the next step yard go we have the details. Detail ase bit more they finally pass go. One word really
Markets here in the asia pacific. In australia where the asx 200 is in the green, fractionally higher as gold futures jump on speculation that the fed will load the stimulus reduction. The Australian Dollar is weakening at 89. 9 u. S. Cents. Adults. S become today there will be no Market Action in japan. Windows have been given reprieve at least lightly. World regulators have agreed to buff the debt restriction on banks to help boost lending to smaller businesses. Joins me now. Aw there are three areas that come into action in 2018. They will be gathering at the gsc in 2008. Ease off of fierce lobbying from the banks. Bank of america, merrill lynch. They have been campaigning. Enough to hit lending and saying were going to have top capital on our debts again. The smalling to business. To ease it off, you can avoid double counting of derivatives. You can dilute the rule off speculations. Aey are going to ease its off little bit more. The banks do feel a little bit more of less pressure.
Japan. Also affecting a related Economic Indicator out this morning. March current accounts coming in a little bit narrow compared to what many had forecast. Second straight surplus in a row, coming in at 116. 4 billion yen. That is a little bit below the estimate of the economists we surveyed. This figure is savings minus investments. This is before the sales tax increase that we saw. It is an important indicator , ahlighting that the economy net lender to the world. Payments were higher in february and march due to the repatriation of payments before the fiscal year. That could be one reason to explain why you saw these two surpluses straight in a row. This is a time when japan is trying to figure out is there so or not formal is there scope or not for more easing . Perhaps there is, but not much. We do have these numbers out as earlier as well. Rding to one economist i would say most are probably saying that as long as we are above zero, that looks good. You do not want to get to th
Yingluvck. It is not clear what happens next. It is unclear what charges yingluck faces but they have been into tension for several days. Ck turnay, yinglu herself in after she was summoned by the junta. In just about 30 minutes time, take a look, the commanding general, Prayuth Chanocha will report to the royal command in bangkok to present his pick for interim Prime Minister. Out, heorrectly pointed will then receive the kings endorsement. These are fastmoving developments in the thai capital this morning. A constitution expected to be drafted and a new Legislative Council according to the military will be appointed tomorrow. Of them e release the next step for the military, what could that involve . It has to be setting up a constitution. Political reform. Setting up a Legislative Council, some sort of legislative body. Remember, that legislative body and the constitution will reflect the militarys will. That just reading according to sources in bangkok and the military, the thai ju