Payments to Government Contractors as the slump in oil prices pushes the country into a deficit for the First Time Since 2009. Francine that is according to three people with knowledge of the matter. They say the Infrastructure Projects have been waiting six months for payment as the government seeks to preserve cash. Manus lets get straight to the middle east and bring in our finance reporter, matthew martin. Good day. Let us through what these measures are run us through what these measures are. They say they are delaying paying contractors give us in context. It is important to remember that saudi arabia going into this period of time with very low debt and huge reserves, but as it comes to the realization that the oil price leave staying at this sort of thel for the mediumterm, government is starting to take some measures to try and reduce the spending levels as it starts to work out what sort of Government Spending, what sort of budget it can sustain Going Forward into the future.
Center around those types of things earl kruse does business with beck, and says he knows this personally. Ive always been honest with Assault Charges on his record an incident that happened more than a decade ago he says hes always been upfront with beck. Everybody has skeletons in their closet and they grow up abraham funchess, executive director of the waterloo commission on human rights is fronting the movement to ban the box he says its great that beck doesnt use the box as a determining factor preinterview, but he doesnt believe every employer has the same mentality. But we want other entities to follow suit, to ensure, that all people with criminal arrest backgorunds get a fair chance at employment in the city funchess told me today he wants more time to engage the community, making sure they understand the policy before making up their minds he says he isnt sure how much time hell need, saying they could vote on this soon, or as late as next year. Weve got you covered live in t
And we have a trading day that is a lot longer than a halfhour. Manus i am pleased with that. Anna knows the prizes today, friday morning seems like a good thing. Doesnt it . Lets have a look at where we have been. Manus no shock at all. But i did find the bloomberg world market capitalization, how much has the world lost . 3 trillion in one story, this is the market value. I can tell you this a trillion dollars of that came from china. We have gone from 64 trillion to 60 trillion dollars. That is a trillion dollars a day. Anna that is careless. Lets talk about what is happening right now, some context so far this week. We have a chart where oil has been, and where the chinese index has been so far this week. What is interesting is that oil has been falling, and the again has been gaining. Chinese stocks have been falling over the past four days. They are different today. This is a week picture. But the japanese yen is down. From the 12year low, paring the worlds best performers this y
We are live from bloomberg headquarters in london. I am all on my own today. I am guy johnson. Good morning. Guiltyplanning to plead to and a criminal investigation into u. S. Sanctions violations read it is also expected to unveil details of an 8. 9 billion fine. The french bank will be able to handle the penalty. Caroline is in paris with the details. Walk us through the rest of the day. Good morning. Weyou were mentioning, expect frances largest bank to plead guilty to u. S. Criminal charges today. The u. S. Department of justice should announce the details later in the afternoon in washington. According to the financial times, the board of bnp paribas met over the weekend to approve nearly 9 billion fine. According to the french news channel, the ceo of bnp paribas the employeesto of bnp paribas, warning them that mistakes were made and that they will be sanctioned heavily. One of the reasons for the size of the fine, according to bloomberg sources, is that bnp paribas did not full
I am guy johnson. This is the pulse. We are live from bloombergs European Headquarters in london. Lets talk about euro zone inflation. 0. 5 was the expected number. It has remained at exactly that. We saw some data from germany and that maybe gave us a hint of what was to come. The problem is it is not Strong Enough to offset what we are seeing in other parts of the eurozone. Anyway, if we can bring up the euro for you, i will show you if there is any currency market reaction. Not really much of a reaction. 1. 3653 is where we are trading at the moment. Lets get back to our top story. Bnp is said to be planning to to end alty today criminal investigation into u. S. Sanctions violations. European commissioner for Financial Services says the french bank will be able to handle that penalty. Caroline is in paris with the details about what we can expect. Guy, we should expect that frances largest bank will plead guilty today to u. S. Criminal charges. The u. S. Department of justice will r