Development. We see how it breaks apart from the oil price movement. Meanwhile, apple has had enough of the rubles wild swing. S stopped online sales of its products in russia while it reviews pricing. Russia plans to pump the same amount of Oil Next Year as it did in this year. West texas intermediate has been down as much as 2 and has been trading a little under 55 and barrel. Versus theecutives board at American Apparel, the struggling retailer that targets teenagers. The company has fired founder dov charney for misconduct. More than 30 executives want the board to reconsider. They say charney should be around to help the next ceo because he is what makes this thing kick. Charney violated American Apparels sexualharassment policy and missed used company funds. Charney calls the accusations baseless. Hackers are warning sony not to show the movie the interview. Threatdio is taking the seriously. He company has canceled the new York Premiere and have told theaters they are allowed to
Banks cut back. The royal bank of scotland will be stashing staff numbers and in japan. Hello. Welcome to countdown. We will beming up, live in paris. Conferenceal tech which brings together leading companies, innovators and startups. We have exclusive interviews through the morning starting with le webs founder. Markets are in focus after us a lot and equities yesterday. Policymakers on short loans. Of parliamentary elections and the Russian Central Bank also meet in the next 24 hours. I will start with greece. What a day. The biggest oneday decline since 1987. That tells you something. Something very interesting happened in the bond market. I will focus on this later. The yield on the threeyear bond went to the yield of a 10 year bond. It is an inverting yield curve. That is a worry because that means greece will not have access to Capital Markets and will face difficulties raising money in the future. The asset markets in greece are flashing red right now. It all came on the same da
I am anna edwards. Also, talking the deficit. George osborne tells charlie rose that the u. K. Is a front runner in the world economy. U. K. , weularly in the have a budget deficit, even though it has come down by half. Our debt to gdp is too high at 80 . We want to be in the front ranks of economic nations. Russias currency is in crisis, and its economy is unraveling. The ruble plunged to its lowest ever against the dollar despite the Central Banks efforts to stem the route with its biggest Interest Rate hike since 1998. There is the dollarruble over the last two days. It touched 80 yesterday, coming. Own to around 71. 75 today still, the russian Prime Minister held an emergency , deciding not to consider currency controls. The economy minister insists the moves are not reflective of the countrys fundamentals. Of course, everything weve been talking about is on the stabilization of the ruble. Ratelieved its exchange does not correspond with the fundamental macroeconomic development. W
Bearish on stocks even after the s p has closed at record highs 52 times so far this year. And we will be speaking with former American Airlines chief executive bob crandall. He will help us understand how another passenger jet could vanish. Plus, a special guest host in the next hour, the former president of cnn and current ceo of his startup will discuss the current state of media in light of the sony hack attack. The movie made 15 million over the holidays. Political and financial turmoil in greece today. The country faces early elections as soon as next month after the defeat of the Prime Minister, who failed in his third and final attempt to persuade parliament to back his choice for president. The favorite in the elections will be the party which opposes the greek bailout agreement austerity with the eu and imf that has the Stock Exchange down as much as 11 in trade. Investigators say the missing airasia passenger jet is probably at the bottom of the sea. It disappeared on a flig
Is the verdict of the child sony chief executive as he speaks out for the first time about the cyber attack prompted by the interview. Welcome to countdown. Lets start with the global selloff that is characterized at the start of the trading year. Asian stocks fell the most in seven weeks aided by the decline of crude and the fragility of the eurozone. In the u. S. , the price of wti crude fell below 50 a barrel for the First Time Since 2009. Energy companies have been the biggest losers in the selloff which is wiped out more than 1 trillion of equity verio value. The head of the election is in three weeks. It is fair today we had an oil induced route yesterday that is spilling over into today. Benchmark u. S. Oil gumbel of 50 a barrel for the First Time Since 2009 and a closed above 50 a barrel but a decline of 5 year to date in this year alone. It fell 46 last year. That is just two days. Already down by that much. After reaching that high last year of 100. It was not confined to the