On the move. Businesses in catalonia relocate their legal headquarters for fear of isolation if the region declares independence from spain. And it was hailed as a system to simplify tax collection across india. 100 days on. We talk to businesses who are struggling to make the change. Welcome to World Business report. Im sally bundock. Over the weekend, more businesses in catalonia said they are taking steps to prepare in case the region does try to break away and declare independence from spain. The Central Government has passed a decree making it easierforfirms to move their legal headquarters away from catalonia, with companies no longer needing share holder approval. One of the countrys biggest banks, sabadell, and one catalonias largest savings banks, casha, have done just that, in an effort to make sure they continue to have access to eurozone funds in the event of a declaration of independence. And there are warnings there could be a dent on investor confidence. The Ratings Agen
Can see a brand new trading week has begun with spain edging higher. And gold its where nervous investors put their money in uncertain times, so why has this stuff lost its shine in the last few months . Well speak to the uks biggest bullion trader. And as one of britains biggest Property Owners predicts the death of the high street store, we want to know how much of your shopping do you do online . All of it . Orjust certain items . Let us know, just use the hashtag bbcbizlive. Welcome to the programme. It isa it is a critical week for spain with investors worldwide watching what happens in the next 2a to 48 hours. Over the weekend more businesses in catalonia said they are taking steps to prepare in case the region does try to break away and declare independence from spain. The Central Government has passed a decree making it easierforfirms to move their legal headquarters away from catalonia, with companies no longer needing share holder approval. One of the countrys biggest banks,
Drop in order for drop in order for for its typhon business jet. And opec secretarygeneral hopes to get the americans on his side saying the Oil Organization will meet with the u. S. To help support their production deal. Good morning glad youre with us once again for spain it may be the day of reckoning as the Catalan Leader, Carles Puigdemont, will be speaking to the Catalan Parliament later today he may or may not declare independence well have to wait and see until 6 00 p. M. Local time a quick look at the stoxx 600, one hour into the trading session. We are pretty much flat, even stevens when it comes to gainers and losers german exports were strong in august, up 3. 1 . Brushing off concerns of the stronger euro given that were seeing stronger demand in the eurozone lets look at the indices one by one. The dax hit record highs in yesterdays trading session. Its just close to those levels, still 12,977 points. The ibex 35 on this crucial day for spain is off by 0. 4 continues to un
Expected machinery data as the nikkei hits the highest level since december 1996. And at least 17 people are dead and thousands of buildings are destroyed as a series of wildfires rage across Northern California good morning glad youre with us on this wednesday. Its the morning after we heard that speech from mr. Puigdemont in the Catalan Parliament it was a climb down. Yes, he did say the country or the region wants to go for independence, first he wants to go back to madrid and start talks. Whether that will materialize is the big question the reaction in the market is mixed. We are not seeing a huge rally on the stoxx 600 yes, were seeing a rally on the ibex 35, but its not transpiring into a much bigger risk on rally in the rest of europe were down when it comes to the ftse 100 the cac 40 lower to a quarter. Once again want to draw your attention to the ibex 35. Its up close to session highs, up by 1. 25 . This is after catalonias leader Carles Puigdemont stopped short of declaring
To meet madrids deadline but reiterating his call for dialogue good morning it is thursday morning thank you once again for tuning in to street signs. We are one hour into the trading session, what we have seen unfold in the markets is interesting. The hang seng off by 1. 7 . No one knows the reason for that the stoxx 600 has taken a like lower, off by 1. 73 . As soon as we know more about the underlying reasons, well tell you about it. Maybe tweet in if you have a clue as to what is going on. We have some chinese data out which is more or less in line with expectations. When it comes to europe, we had plenty of earnings, and some were mixed we had disappointments from s. A. P. , unilever, nestle lets tell you what the european markets are doing. We have the ftse mib off by 0. 8 ftse 100 off by 0. 2. The xetra dax now off its recent record highs, back below the 13,000 level off by 1 and of course all eyes on the ibex 35, this as the Catalan Leader Carles Puigdemont has reiterated his c