Projects that have lagged behind the target in particular and those do happen to be our water supply projects which is front and sent ner the discussion right now. So the concern is well taken and i want to assure you that were going to bring these projects to successful completion. I would like to add with those projects, we knew about those hazards quite some time ago, and so the progression of time is getting a bit unmanageable in my point of view. Can i just respond to her. Keep in mind, there were 80 so projects that weve been marching and completing and, you know, making some major progress. The ones that weve been having issues with, weve been reporting on. Weve been reporting on and the main one is calvarise. That is something that, you know, weve been working with bsawsca and our stakeholders, and we want to built it in a way that it can withstand a seismic event as it was intended on. While been fine ago lot of trace faults which weve been addressing, so do you want to talk m
Supply projects which is front and sent ner the discussion right now. So the concern is well taken and i want to assure you that were going to bring these projects to successful completion. I would like to add with those projects, we knew about those hazards quite some time ago, and so the progression of time is getting a bit unmanageable in my point of view. Can i just respond to her. Keep in mind, there were 80 so projects that weve been marching and completing and, you know, making some major progress. The ones that weve been having issues with, weve been reporting on. Weve been reporting on and the main one is calvarise. That is something that, you know, weve been working with bsawsca and our stakeholders, and we want to built it in a way that it can withstand a seismic event as it was intended on. While been fine ago lot of trace faults which weve been addressing, so do you want to talk more about that. If i may, certainly on certainly on large programs, theres a concern of creepi
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
For the year. Manufacturing is still expanding, just at a slower pace. We are down significantly from where we were in november. New orders, which has the highest correlation is that 57. 3 percent. It is still a good number, but it is not matching up to where we were the previous two months. It will be interesting to see how the markets interpret that. Employment goes up. A sign that may next friday we get some good news on the employment front. Prices, 38. 5 . The disinflationary trend is really in place. Overall, a reasonable picture, just not quite as good as last month. We start the year off on a positive note for manufacturing. This is our read on what percent of the economy . About 15 . This is a very long track record with Economic Growth rate. People like to watch it. The manufacturing jobs trend tend to pay more. The bull market in u. S. Equities is closing in on its 60 year anniversary. Sixth year anniversary. Rbc capital Jonathan Gollop is even more optimistic. You have been
We are talking about bp, a company under pressure. The oil giant has Just Announced that it expects 1 billion in restructuring costs as Falling Oil Prices and speculation of a possible merger swirl around this business. Lets join our Bloomberg Intelligence expert, philip. Good morning. Very nice to see you. Bp is a country under a company under pressure. Dudley has had a fairly turbulent few years. What is he going to be telling these guys about his upstream operations . I think the bottom line right now is, they are focusing on the big projects in the gulf of mexico, angola, the caspian, and they will try to sell off the smaller assets and the assets that have reduced production volume. Is that a continuation of what they have been doing . It is a continuation and an intensification. With the pressure they have now, it is going to be more pressing and more of an issue going forward. Will they find buyers for some of those assets . Theres a lot of rumors swirling around about m a. Are