Trading, they are all headed higher for now. We will talk you through the winners and losers. Savile row is world renowned for its razor sharp suits and classic style. But in a world of fast fashion how do the traditional firms stay relevant . Well meet one man on a mission to do just that. And, as ubers boss says flying cabs will be commercially viable in five to ten years, we want to know would you hail a flying taxi . Let us know use the hashtag bbcbizlive. Hello and welcome to business live. As usual, it is jam packed. Lets get cracking. Europes biggest bank hsbc has reported a big jump in profits for last year. But its mainly because its been able to shake off the huge costs the company has faced in restructuring after a string of problems. It means there will be a strong base to build on when the new chief executive john flint takes the reigns from stuart guillver on wednesday. Tomorrow. The numbers show that hsbc made a pre tax profit of 17. 2 billion for the calendar year of 20
Well be talking to the winners and losers. And who would you trust with your bank account. We will need one London Digital bank that promises a new way of managing your money. We ask what would be the one thing you change about the bank you use, cheaper loans, better Interest Rates, Faster Service . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Good to have you with us. Banking is dominating the programme today, get in touch with your thoughts. We are talking about europes biggest bank, hsbc. One of the worlds biggest banks, hsbc, has reported its latest set of earnings and if youre a shareholder you are going to be very pleased with what they have to say today. The bank made a pre tax profit of 5. 28 billion in the Second Quarter of the year thats more than the 4. 6 than the 4. 6 billion that analysts were expecting. Hsbc announced a Share Buyback of up to 2 billion as it looks to make the most of its huge cash pile. The move will effectively restri
For the biggest business stories. Hopes of a european Mega Exchange between london and frankfurt are fading fast. The London Stock Exchange says the regulatory hurdles are too high. Nokie hopes to revive its flagging the classic 3310. Well get a hands on preview from the mobile World Congress in barcelona. Welcome to World Business report. Im sally bundock. In a minute, well look at the potential collapse of the merger between the London Stock Exchange and deutsche. But first the clock is ticking, with speculation mounting the uk Prime Minister may trigger article 50 on the countrys departure from the European Union in early march. Since the referendum, there have been Major Concerns in london it could lose its position as europes financial capital. But one of germanys most senior central bankers tells us why he believes the city will retain its crown. At present, britain benefits from so called Passporting Rights which allow uk based banks free access to the European Union. The City O
Lineup today. T first, live pictures from moscow as president putin makes his annual president ial address. We will discuss whether russia, brexit, and a u. S. President could make 2017 the year of total reset for Foreign Policy. We have a little bit of manufacturing pmi. The italian data is significant because this gives us a glimpse in the state of the Italian Economy just three days before they vote. These are the figures crossing our bloomberg terminal. We are seeing the Unemployment Rate staying put for october at 11. 6 . Line withty much in what were seeing in spain. Three days until renzis make or break referendum. Votell discuss what a no could mean. Lets get to the bloomberg first word news. Heres Sebastian Salek. Sebastian glencore will reinstate its dividend policy next year and plans to pay out the minimum annually. The worlds biggest commodities trader has seen its shares trickle this year. The chairman of bloomberg lp and the parent of Bloomberg News is a senior independe
Corporate funding is provided by mutual of america designing customized individual and Group Retirement products. Thats whye ar your retirement company. Additional support is provided by and by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. From the tisch wnet studios in Lincoln Center in new york, ari sreenivasan. Sreenivasan good eveng. Thanks for joining us. North korea today calledhe Obama Administrations clams that it was behind the cyber attack on sony slander and threatened to retaliate unless the United States agrees to conduct a joint investigation about the matter. Its comments were included in a Statement Read on state controlled television. American Officials Say the attack was similar to others carried t by the north koreans. Chinese authorities have detained a 74yearold american missionary, peter hahn. The incident occurred sterday near chinas border with north korea. Saying hundreds of christian missiona