found dead. sean ward said andy coulson hacked into phones. police are not treating the death as suspicious. a u.s. official says a meeting between the u.s. and libya at the weekend was meant to deliver one message, that moammar gadhafi must go. libya called the face-to-face talks in tunisia a first step. the u.s. says the meeting was a one-off event. the women s world cup team soaked up the limelight after bringing japan its first cup title. japan s the first asian nation with a world cup championship. those are the headlines. auto jane verjee at cnn in london. world business today starts now. a very good afternoon to you from cnn hong kong, i m alicia tank. good morning from cnn london. you re watching world business today. time to testify, news corp boss rupert murdoch, his son james and ex-news international chief rebekah brooks will prepare to face british legislators. two giants of tech as ibm powers ahead but cisco loses its way. and banks lead the los
and exports that go nin and out is going to be impacted. the problem is with this river flooding, we re going to continue to see this over the next several days as the crest continues to move down the pike, than s with the transport and the millions it s going to cost us. of course, there s the physical damage that s going to be occurring as the water overflows its banks and that will continue to happen. we thing we ll be okay there but we think it s going to get very close. 20-fo 20-foot levee walls. we re going to watch that one close indeed. andrew, charles? thanks so much for breaking that down for us. the statistics, italy. the pipeline, can it acknowledge a. and apple replaces google on the list of most valuable
so it looks reasonably good in terms of those numbers out of hsbc, but we ll wait and see what the markets make of them, andrew. indeed. it s going to be a big week for hsbc. as we were saying before, they are expecting to make an announcement on wednesday on the restructuring source of hsbc. we ll be watching out for that one. we ll bring it to you on wednesday. the u.s. jobless figures, asia optimistic during this trading week. certainly you see there effective in most of the markets. the nikkei in japan, that s been weighed down by the commodities sector. that came after naoto kan demanded the closure of a nuclear plant owned by chubu. stock tumbling 2.3%. it dragged the nikkei down.
keeping an eye on shares of standard charter bank. the dax also falling but a stock to watch there added the second largest sportswear brand reported a doubling of profits to $780 million. the share price trading up 1.4 in frankfurt. the smi is down. meanwhile, on the currency markets. the euro is gaining against the u.s. dollar while the pound and the yen are both losing ground. what happen in asia, andrew? it s very much the same thing. any way you look at the market, emily, a selloff is under way. as you can see, it s in some of the bigger markets there. take a look at the nikkei down by 2.5% at the close. wipes out all of the gains it made in the last three days or so. it s about the price of crude. oil car makers, some of the biggest losers there, not surprisingly. one other loser is soft bank, one of the big software makers
performer indeed over the last several months. the rest of the year, asia region as you can see, nikkei down .80%. japan recording a trade deficit. that s the third time that s happened. you have to go back two years. china sloped. at least it s showing the crackdown on inflation is having some effect on china growth as well. meanwhile hong kong down a third of a percent. with that we ll say farewell for now. thanks so much for joining us. you ve been watching world business today. i m andrew stevens in hong kong. and i m emily reuben in london. coming up, zain verjee. rescuers are racing the clock in new zealand trying to safe those trapped in the rubble. moammar gadhafi is promising to fight the uprising of his