Friday morning. Breaking news across the bloomberg number the Chinese Authority in banking are taking action for those banks that they consider our lending perhaps a little bit too fast and too furious. We saw the loans hit record levels this week. This concern about indebtedness of the chinese population at large, and the corporate overall indebtedness expanded over 200 per capita. The peoples bank of china are determined that some banks who have landed too fast, they have raised the reserve required ratio. This is according to people familiar with the matter. This will be regional banks, among the lenders, seen as overstretching themselves. They did not give us any additional details, and terms of the banks that were actually affected. Or how much the reserve requirements would actually impact the marketplace. Of course, this is all about china rebalancing exactly what is going on. Let us take the conversation, you were looking at the currency there, the yuan has had a good run. The
And pimco says the worst of the price collapse could be over. Merkels moment to is the german chancellor about to win a Nobel Peace Prize . A warm welcome to the pulse, live from london. Im manus cranny. First up, minutes from the latest fed meeting show that the policymakers delayed the worsfit hike last month because of concerns about china. There was plenty of reaction from financial leaders of the imf and world bank. We will hear those voices in just a moment. But first, oil is about 50 a barrel, headed for its biggest weekly gain since august, coming as pimco calls the worst of the collapse and Commodity Prices is over. Bring in mark barton for some context. Mark have i got some stats for world the all country indexes rising for an eighth consecutive day, the longest winning stretch since february minutes from the september meeting are pushing out expectations for when the u. S. Central bank will hike interest rates. The msci in that eightday period has risen 5 , the biggest gain
Anna flights over france are cut at a plant air Traffic Controller strike that could affect aircraft space for r 48 hours. Mark welcome to countdown. I am mark barton. Investors pushing to a fresh sevenyear high today and trading from mainland investors are growing to a record. The surging chinese tech scares tech shares is making the day of the. Com bubble look mild. We will bring you the latest in just a couple of minutes. First up, oil here in europe today and what could be the biggest deal in more than a decade or the Energy Sector. Shell makes a 46 billion pound approach for gas producer bg group. Caroline, you have more on this possible deal. Hi caroline as you said, this could be the industrys biggest deal for a decade. This could create the secondbiggest Energy Producer in the world. It would be behind just exxon leaping over chevron in terms of size. And in fact, it could be the biggest gas producer in the entire world. These are the statistics that we are looking at, and as y
Mark welcome to countdown. Caroline im caroline hyde. Manus one system is testing to eliminate all traffic accidents. We take a sneak peek at the driverless cars. Stick around for that. Caroline breaking news it is a deal. Express will be offered by fedex. It is offering a third premium at 3. 3 in terms of the premium of the sharepoint which is six euros. They are offering eight euros per ordinary share. It is a really interesting deal because it is over two years ago we saw that are for that offer trying to snap up tnt express. That deal unraveled because regulators got involved. They felt they would not be enough competition in next day delivery because it would be owned by ups and dhl. Seemingly, maybe fedex will be able to increase its prevalence in europe. It is a key area of growth for them. They say profitability, they want to boosted by 1. 7 billion. It is part of fred smiths plan to boost profits. Expansion in europe. By buying up tnt express, table be able to do they will be
London. Six a. M. In a warm welcome to the program this thursday morning. Ready to deliver the stories that will drive your day. Iscrossix francine standing by. How tothis question, top 2013 . Is putting the spin on spains unemployment picture. Lets tell you about some very big interviews that are coming up this morning on bloomberg. Heres the first hour of countdown. Sorrell and roger carr. Will sitne lacqua down with mario greco. Interview with tony blair. With all of that in mind, lets head straight out to tebows work mobile leaders where leadersvos, gathered to meet. Will be achols, it cracking day. Chasingseven hours [inaudible] the speech is important. He speaks later during your show. We should diminish the speech. In itself that is an important moment but he is eating meeting with oil executives. Ringing his oil bringing his oil minister along with him. Talking about maybe going to the third biggest oil company,. Otentially going back in iran this is all about connections and t