Squash competition. All Companies Report today. An earnings onslaught in europe with results from big banks and oil. Standardto the ceos of charter, Credit Suisse, and shell. Welcome to daybreak europe. Lets get to that earnings onslaught. Credit suisse numbers broke a few minutes ago. Credit suisse is to create a Global Investment bank. We were reporting that Credit Suisse was planning to announce a Major Overhaul of the business. We learned that its creating a Global Investment bank, combining the chief risk and Compliance Officer roles as well. In terms of the numbers, net revenue beat the highest analyst estimate. Net income also beat the highest estimate. The provision for loan losses coming in at 296 million swiss francs. The estimate was 443. 9 million. Lower than what analysts were expecting. The common equity tier one ratio coming in better than expected, 12. 5 . The estimate was 11. 6. In terms of the Second Quarter net income number, it beat the height estimate. The estimate
Really something that has been weighing on equities over the course of this week. We saw it heating japan stocks broadly but tech feeling the brunt of it. Today we are actually moving a little high. It is a reflection of the other theme we are tracking today. The u. S. Inflation print a little hotter than expected but not too hot to really shock markets. We saw stocks on wall street climbing to fresh records. So that is positivity coming into the session. But as we said, a lot of unions in japan will be reporting on wage or pay deals this week, and wednesday will be the heaviest day or amongst the heaviest day for announcements before we get that first tally being reached and reported on on friday. Lets shift into korea now and take a look at what is going on in the session so far. Of course a market heavily correlated within the dynamics of wall street. Unsurprisingly you are seeing stocks moving to the upside. Tech names are the ones to be watching because we saw the likes of nvidia,
The surgery revolutionised the way Heart Disease is treated. I was iwasa i was a second Year Medical Student in london, and it was of similar impact to people walking on the moon for the first time, or president kennedy being shot in dallas. And englands cricketers face a battle to stay in the second ashes test after australia take command on day two in adelaide. More to come in sports day in half an hour. Good afternoon and welcome to bbc news. All four Board Members of the governments social Mobility Commission have stood down in protest at what they say is a lack of progress towards a fairer britain. Ex labour minister alan milburn, who chairs the commission, said he had little hope the current government could make the necessary progress. The resignations also include the former conservative cabinet minister gillian shephard. Downing street insists it is working to provide opportunities for all. Heres our Political Correspondent jonathan blake. Your chances of getting a job, findin
Think it was about getting some the education secretary went on to defend the governments record. Were seeing standards in our schools rise. Critically, were seeing the attainment gap in schools narrow. The attainment gap in this is the difference in outcomes between disadvantaged children and their better off peers. The social mobility commissions most recent report described britain as a deeply divided nation. Two thirds of the areas where young people face the brightest prospects are now in london. While many coastal, rural, and former Industrial Areas are being left further behind. And former Industrial Areas are it singled out the midlands as the worst performing area in england. Deprived areas registered some of the highest support for leaving the european union. Of the highest support the government is now facing criticism that it is so focused on the process of brexit that it is ignoring some of the reasons that led people to vote for it. Jonathan blake, bbc news. People to vot
We asked bloombergs middle east executive editor if the invoice will be able to move its block off its hardline stance. The 13 demands can be part of the six. The six are just vaguer. They are more general statements of principle which obviously would open the door to some negotiation to some agreement. The six are based on agreements qatar has already signed. Easier toit would be get to some sort of deal there. It is the u. S. Trying to push the conversation back to these broader principles rather than these very specific 13 demands. Anchor where does that leave the u. S. . Will they be able to achieve this . Reporter they are certainly trying. Weve had a couple of weeks where not much was happening. The sense was that things are really stuck. As you just pointed out, as yousef pointed out, it went through a hopeful phase where they did seem to be some progress between qatar and the u. S. The allies actually said that that was a positive step, but not enough yet. Going back to this li