Between policy in europe and the United States. Lets talk to caroline hyde. Faresterday, the u. S. Got more excited about what draghi unveiled then here in europe. The United States closing at record highs. Lets look at the euro. Euro, now trading higher than before the announcement coming from the ecb. He tried to pull everything from his toolbox, mario draghi, getting cash into the banks, getting a cut in interest rates. Now negative deposit rate charging banks to store money with the central bank. You have more easy access to credit if you are a company. By giving that 400 billion euros in liquidity. Not moppingthey are up the extra cash from the system anymore. They are intensifying work on an assetbacked security purchases. Nothing yet. No quantitative easing means the ato continues to trade 1. 3660. He is trying to get the euro lower to boost exports. Not working. We saw the stoxx 600 up more than 1 at one point yesterday and it just closed up 0. 4 higher. Up. Y, ftse 100 germany
The middle eacht Peace Process resuscitated. Israel and the palestinians will restart their peace talks in the United States on monday. More from our correspondent in washington, d. C. Hopes are running high for a new era of democracy in mali as the counting begins in a crucial election. And a major merger for one of frances bestknown companies. They look to form the worlds biggest advertising company. Top stories here on france 24 in paris. Israel and the palestinians have agreed to restart peace talks on monday, three years after the previous effort nailed failed. The United States will host negotiations in washington, d. C. The announcement after the Israeli Government agreed to release 104 palestinian prisoners. Phillip, the talks in washington, d. C. Where you are there on monday, after three years of going in wr, where will they actually tart start . Because of those three years, theyll pretty much start in a no mans land. There is very little changed from the disagreements last
Made in the next few months. And the eus Foreign Policy chief travels to cairo for crisis talks as they crack down on supporters of Mohamed Morsi leaves more than 70 dead. Youre watching Worldwide Exchange, bringing you Business News from around the globe. A very good morning to you. France has announced a 35 billion merger of equals to create the worlds biggest advertising agency. It will trade in both new york and london. Morris levy and omnicom share the role of ceo for the next 30 months after which the publicis will be chairman. Speaking after a press conference in paris, he told cnbc the deal would benefit everyone. There is no one weak partner, and there is no one who has Financial Difficulties or anything of the like. So we believe that this will be a great operation for all our people, our clients and our shareholders. Publicis shares are closed. They wont open until 2 30 london time. Shares have been trading higher on news the two confirms could attract clients from the two m
Coke ver cusus pepsi, one firm,e 35 billion deal webetween omnim and publicis. Far from the only deal. Saks is going to be bought and the battle over Pharmaceutical Company elan ends with a big bid from perrigo. The second half of earning season, hertz and wynn in focus. The hertz ceo will join us as well. Help wanted at amazon. The Company Announcing today it is adding more than 5,000 jobs across the United States. First up, deals involving highend retail and pharma in the fix today. The biggest deal u. S. Based omnicom and publicis group, a merger of equals. The new Company Worth 35 billion and will be the Worlds Largest advertising firm. However, the deal is expected to face intense regulatory scrutiny. Live with the ceos of omnicom and publicis later on squawk in the street. In addition, perrigo and elan and saks and hudson bay. Merger monday . Yes. Yes a merger monday. Got to go there. Thank you. Welcome. Dont believe it is that is it a sign of things to come. Certainly theres a p