Since worst month 20112012 for that group on the top. At the aussie and kiwi dollars and the kiwi took out its 2016 low and we are now for the lowest level since september 2015. Youve see ny onshore, got this chart. We have the worst month in seven years of e. M. Fx. We also have traders with the onshore yuan weaker than the official reference. David the two Exchange Rates and the fix. We will you show you the chart later on but backward looking. It sets us up in april various situation precarious situation into september. Yvonne we are still dealing with the headline risk. President trump saying the u. S. And china will renew trade calls, although he offered no details or timeline on what happens next. He spoke after beijing indicated it mauled immediately retaliate against additional increases and wants to prevent further escalation. The u. S. Is said to slap extra tariffs on 110 billion worth of imports on sunday. China vowed to strike back with levies of 75 billion of goods but sai
Expected. Shop more but spend less. Thats the take away from the black friday weekend in the u. S. Those who werent in stores requiring online. Trend retailers hope continues today, cyber monday. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. A warm welcome to december here on Worldwide Exchange. We have data out from the eurozone. Manufacturing pmi in the second estimate has ticked high from the flash. 51. 6. The flash was 51. 3. The output index was up to 32. 1. This was on november data. The new export index, 54. The flash 53. 1. Its driving eurozone activity to accelerate at its fastest pace two years. That growth is still weak. Theres evidence of renewed downturn in france and spain as well as firms cutting staff so france still a big concern for the eurozone economy. Well get more reaction on that in the next five minutes. At the same time, china is rolling out a new ipo plan. A 14 month freeze on new listings. Companies will have to
The First Quarter. Profits down at yahoo but the numbers beat the street thanks to a great performance by alibaba. And russia warns ukraine it stands on the brink of civil war after kiev launches military operations to try to win background from the separatists. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Hello and a warm welcome to todays edition of Worldwide Exchange. There is a huge amount to get through in todays show, an awful lot to talk about. Coming up, could the mobile phone as you know it soon be ancient history . Googles planning a modular smartphone that consumers can customize with various hardware features. Well take a look at that. Bank of america set to report numbers from the bell today. Find out why this is a top stock pick. And a fatal ferry industry. Well be in seoul later in the show. First, asian stocks are up. First quarter gdp came in at 7 another 4 , thats down 7. 7 from last quarter of last year. Lets get a breakdown of
IN SHANGHAI, a finance worker must clear her overdue mortgage or her bank will press charges. In Hangzhou, a couple have delayed having a baby and are relying on their parents to help pay their home loan, while another man is forced to sell two properties at a one million yuan (S$189,453) loss after his repayments spiralled.