It has just gone 6 00 in the morning. The chinese stock market a little less volatile today as a result of some of the government actions. They seem as if they are wanting to take on the speculators in the offshore market. That means the cost of borrowing surged hong kong, that to another record. It seems the intervention by the liquidityaining yuan in the offshore markets. Murderous ins terms of stamping out the speculation. The whole point about this is trying to bring the offshore yuan and the onshore yuan. This is the start of the day, offshore yuan and onshore yuan are coming together. The first time they have been at the same level since october of last year. Lets take a look at your morning market check. Where is the money flowing . It is flowing into the yen. By 2. 8 e yen increased versus the dollar last week. 7. 53. T around 11 today, a little bit stronger for the japanese currency. Manus oil is moving. We are precipitously close to the 30 level. Contract, volumes nearly 50 a
Welcome to countdown. Anna welcome to the program, everybody. 6 00 in the morning here in london. Manus warmer here than in zurich. Anna the to have you back in the studio. 1. 6il Company Giving us billion, after estimates of 3 billion. That looks to be below the estimate. Focus on Capital Expenditure and dividend is always going to be manus i am reading the wrong numbers. You are right. Capital expenditure. Anna talking about maintaining the dividend while offering the option to reinvest, do introduce a script dividend. There was concern in the Analyst Community about to what extent the dividend would be protected this time, and into the rest of the year. We will talk to the ceo about that a little bit later. Manus a significant shift the first to do this. They protected the Dividend Rate this is a first in terms of going into the cash, a form of paper. Let us talk about ing. We have full numbers. They come in the what have we got here . 890 million. So, that is a beat on the headline
Announces and 800 million euro Share Buyback program. It expects fullyear profit at the upper end of its forecast. Guy another busy day, another interesting week in prospect. Lots of corporate reporting numbers this morning. Lots of Macro Economic news as well. Lets get the bloomberg first alert news with Caroline Hyde. Caroline chinas official factory gate signaled a record six month in a row of contraction. The official Services Index also fell while a private pmi survey signaled the industry shrank for its 11th straight month. Slumps in the wake of the chinese data. Nigeria boost production for opec. Leftesident donald tusk the meeting with David Cameron late last night, saying there is no deal yet. The pair have instead agreed to postpone by 24 hours the publication for a template of a compromise plan. Hsbc will impose a hiring and pay freeze this year. Ceo Stuart Gulliver outlined a threeyear plan to pare back a sprawling Global Network by eliminating jobs. That is as he pushes to
Can and will be defeated. And lockdown in sierra leone amid concerns the ebola Virus Outbreak may be more widespread than expected. The u. S. Secretary of state, john kerry, is warning of a global tragedy unless a deal on climate is reached. International negotiators have been in peru for the past two weeks to try to hammer out a treaty. In that summit will not wrap up on friday as expected, as longrunning issues threaten a deal. Nick clark joins us from peru east capitol, lima, the summit has been extended. What is the likelihood of all members reaching a consensus . Reporter well, they all want consensus of their own, but whether or not theyll get it remains to be seen. Its all about this draft text that is causing all of the problem. They have been working at it all week. It has been hacked down to 7 pages long, and now some are saying it is too small. It all resolves around this aimold argument about the fact that developed nations want developing nations to shoulder more of the bl
Musicians hoping new visa rules will rocket them to international status. We begin in london where air traffic has just been restored after a technical failure lead to air space restrictions. Flights had been grounded. But now flights have been resumed. Lets go to neve barker who joins us live from london. Do you know anymore of the cause of this power outage . Well, the british air Traffic Control now say the problem has been fixed. They are pointing the finger at a computer glitch. Initially they said a power outage may have been responsible for the suspension of flights across the british capitol. Nows out of the citys second largest airport is that flights are able to now land and takeoff. But there could well be severe he days. Similar story for the largest airport here in london, and some of the other airports as bell. This is exactly the kind of wobble that air Traffic Control and airports done want to have only a couple of weeks before the holiday season. We know some of the ai