Legal firm. Oil, every debbie National Company posted its first profit since 2016. We asked how they did it. Are very happy with the result after two years of a Transformation Program that we gained the benefits of 3. 6 billion. We have seen the result in the First Quarter. We are very happy with the result. The business is much more lean and focused. We should get the benefit of that going into the future. We also had discussion of potential asset sales. Is that still on the table now that you have returned to profit . Definitely not, we are very happy with our assets as a longterm holder. S a lot of benefits and assets and holding assets. There is a lot of potential in terms of spending and getting more cash flow out of the business. We are very happy with the assets as they are. What about Capital Expenditure . You have returned to profitability would change you have extra money to spend. Upthis year, we are wrapping cafex. The board has approved that in the last meeting. We should
First, Abu Dhabi National oil Company Posted its first profit since 2016. We asked how they did it. We are very happy with the result after two years of a Transformation Program that we gained the benefits of 3. 6 billion. We have seen the result in the First Quarter. We are very happy with the result. The business is much more lean and focused. We should get the benefit of that going into the future. We also had discussion of potential asset sales. Is that still on the table now that you have returned to profit . Definitely not, we are very happy with our assets as a longterm holder. We see a lot of benefits and assets and holding assets. There is a lot of potential in terms of spending and getting more cash flow out of the business. We are very happy with the assets as they are. What about Capital Expenditure . You have returned to profitability would changeou have extra money to spend. This year, we are wrapping up cafex. The board has approved that in the last meeting. We should st
Lower. The Federal Reserve moving to normalize hiking rates a second time this year and unveiling the plan to trim its Balance Sheet, 4 4. 5 trillion there, despite another soft inflation reading. We do have a strengthening economy with policy accommodative, all that were doing in raising rates is moving removing a bit of accommodation heading to a neutral pace china seas Foreign Investment falling for a second straight month this as questions around anbang. And in a stunning turning point in the russia probe, the u. S. Special counsel, robert mueller, reportedly opens an investigation into whether President Trump tried to obstruct justice i kid you not, an hour and 15 minutes ago, we were saying where will we see movement look, an hour and 15 minutes later, an hour into trading we have a decentsized decline on other hands. Down 0. 6 on the euro stoxx 600 at the moment. We should go straight in and look at which countries are being affected the most in terms of this down tick. We have
This is daybreak asia in hong kong, just after 7 00 a. M. I am betty liu. Yvonne and i am yvonne man. Club. Joining the msci they also added 53 more stocks to this conclusion. A Long Time Coming for china, a lot of questions. Betty given we were not the ones flags prominently, the stock connect china put in place. That being a key reason why they decided to include these shares. Yvonne they mentioned it was a bringingger, overall, a boost to the hong kong and shanghai markets today. Markets a after oil slumping into the bear market, from the highs we saw in february. Lets see how new zealand is performing this morning, continuing this negative tone. Stocks down 0. 2 . Still a slightly higher dollar story, the kiwi at. 7243 against the dollar. Energy stocks in australia, those are the ones to watch. Under pressure today with wti. Tumbling to the lowest level in nine months overnight. The market getting fatigued on these opecled cut. Futures heading lower in sydney. Nikkei futures ending
Anna warm welcome everyone to this is bloomberg. Bloomberg daybreak europe. A lovely piece on the bloomberg. Takeould be watching it back to basis. What are you looking at . You are looking at a momentum shift. It is about the short positions. Aree funds and speculators the most bearish on the dollar since 2013. This is aggressive positioning. Positioning is building. That represents a swing. This goes from along the dollar ranges. It is down to trumponomics. The hedge funds are well aware of the hawkishness around the fed. Maybe some of the surprise index, related data coming through, or the white house over delivering. Their ability to pass through legislation. Lets leave the dollar and get through the other asset classes. Lets go to the risk radar. Equities asian equities are up. Low volumes through the asian session. Chinese stocks bucking the trend. We have lots of earnings to wait for, from the likes of pepsi, j. P. Morgan. Eye on it. An it will come down to whether the bank of c