It offers huge opportunities. And change coming to struggling the new owner has done an initial review across the board. Job jobs will go to reward hard workers. You can follow us on twitter. Do not forget the , trending business. Out of south korea, the latest policy decisions. We have all the details. Guest as expected as expected by most looking at the policies at the moment, we have a sevenday rate. 1. 5 and they kept it there. They will keep it there all the way, since the summer of 2015. And we should note that it as at a record low it is at a record low. As expected, unchanged at 1. 5 . That does not change the focus for the meeting on june 9. Just because they did not do anything, the economy does not need it. There is a reason why they have it coming out with a nonconsensus call, they may have done it this time, but not really. You look at the external situation. You look at the amount of debt in the system, in south korea, and the consumer debt. You can make a case. It is not
Up italys troubled banks . So, welcome to the program. This is the pulse live here in london. First things first. Lets check on the market. Overall, we are seeing a lot of european shares on the downside. We had disappointing news in terms of earnings coming from japan. We also had disappointing figures from a cement company, goes to construction. It is the backbone of the european economy. I want to show you the pound. Later on, it is the last time we hear from mark carney and the r expectations for Interest Rates. The last time we hear from them before the june 23rd referendum. A lot of banks are under pressure. Now lets get straight to the bloomberg first word news. In Mitsubishi Motors have jumped by 16 after confirmation it is in talks with nissan, including for a possible capital tie up amid a fuel economy scandal. Nissan is seeking a 33 stake in Mitsubishi Motors. Credit agricole reported a decline at First Quarter profit. Net income fell to 227 million euros. Therading revenue
So many earnings out and the picture is not great. Tom an exceptionally slow day. The barclays story is important but super is the back drop in washington across the south this morning but we need to look at finance and investment. Francine, what i am focused on more than anything is trying not to stay up too late to find out who won. Francine because you are expected to follow the market. Breaking news out of the euro area. Yesterday we had lowerthanexpected inflation. Today, unemployment overall is a little bit better than expected. Thats just the latest in terms of breaking news. Up,economy finances coming but first lets get straight to the first word news of Caroline Hyde. Caroline francine, thank you. President ial hopefuls the biggest day of the primary calendar. Polls indicate that republican frontrunner donald trump will win most of the contests the big fight is for second place between marco rubio and ted cruz. Meanwhile, Bernie Sanders is hoping to win against Hillary Clinton
European headquarters here in london. And i am Francine Lacqua live from davos. We have a huge lineup of guests for you today. We will be speaking to Boris Johnson and Antony Jenkins, the mayor of london and the ceo of barclays. Then we will delve deeper into iran. We have some top ceos discussing iran and whether they want to do business there. I spoke to the nissan ceo. He said there is a lot of potential for the french carmakers to the big in iran. Need so much more investment that there is real potential for business deals and contracts here in davos. Is this what everybody is talking about at davos . You have an event taking place in the ukraine that is capturing the headlines as well. Rouhani seems to be the center of attention looking in. It is the first time we have an iranian president arriving in davos in a decade. I spent a lot of time trying to speak to him yesterday. I did have a couple of brief moments but he was backtoback meeting with the Prime Minister of the netherlan
Nada said it was an effort to acquire leverage to remove an executive and board member the Nissan chief executive regarded as an obstacle to reaching a new deal with alliance partner Renault.