But to deprive ourselves of greece, its not only depriving ourselves of a country with its gdp, its people but also deprive ourselves of a country which is at the very heart of our civilization. It does not only belong to our history, but also to our culture, our way of living. Greece is country, a friend of europe who which wished to enter into europe after years of dictatorship. So there might have been discussions as to its capability of making this transition possible this entry into the eurozone possible. But all the democratic parties stated that they wanted to stay within the eurozone. They might have made another choice but they wanted to remain within the eurozone. Duty was to enable them to stay within the eurozone but also solution was to be made possible. Nothing would have been worse to keep them in a monetary zone without allowing for their development. And this is why the negotiations were lengthy negotiations. But we reached a historical solution. Had greece left the eu
The bailout vote looms. Meanwhile opposition from European Finance ministers. The wall street journal reports the unit group is readying a 23 billion bid for what could be the biggest chinese takeover of a us. Firm. Youre looking at live pictures of brussels where European Finance ministers are aiving ahead of a meeting to discuss the latest bridge financing agreement for greece. U. K. Chancellor George Osborne has just arrived and gone straight in. Its a follow up meeting made by eu leaders. Lets get back to our top story. The price of oil is moving lower against expectations that the six world powers and iran are due to announce they finally reached a nuclear deal. In around 30 minutes time that will be followed by a press conference and well bring you that live when it happens, of course. Brent crude off by 1. 7 . 56. 86. Wti up by almost 2 . Lets have a look at the rouble. That sold off this morning as well. The Dollar Strengthening by. 8 against the ruble off the back of the news.
German Software Giant delivering a mixed bag. Two french luxury stocks today. Shares fall in part to japanese consumer demand and shares in the drinks maker lower. And to our top story in the last couple of hours toshiba announced the resignation of his ceo over the accounting scandal. Hell be replaced by the japanese firms chairman with 8 of the 16 Board Members expected to step down. The changing management is due to this scandal. The president and chief executive will be replaced by the chairman. His predecessor who is vice chairman will also quit. Now we are awaiting for the Leadership Team to announce and tell us about it being made. Its helping the tokyo index approach an 18 year high. The japanese index already trading at a three week high. Investors are cheering the management change. Its going to take time. 8 out of 16 Board Members will be standing down. Thats a lot. Its a big management shake up. More Board Changes to follow they say. Incidentally also now you need to look a
Sentiment. Weak pc demand sending revenue down 5 . But they buck the trend. The turn around strategy pays off as it defies a slow down in china by targeting the high end of the market. Welcome everyone to the show. Shares in apple fell in after hours trade after investors ignore the quarter. They focus on weaker than expected forecasts for revenue in the Fourth Quarter and there were some other reasons they turned sour on the stock. Iphone sales came in at 31 billion with shipments 3 billion below estimates. They also bundled other devices. The tech giant would only say june sales were higher than april or may but the lack of detail left some analysts speculating over the success of the newest gadget. The Earnings Report is also weighing on tech stocks here in europe. Investors are also shrugging off a 32 rise in Second Quarter profits from chip designer arm despite earnings being broadly in mind with expectations. Simon cigar spoke to cnbc earlier about a possible apple takeover. Ther
We actually hit we set for ourselves in terms of cash flow and process from sales at this point in time. So thats helped us continue to maintain the dividends. Investors fear more cost cutting at Air France Klm. Shares take off after europes second largest carriers despite slipping deeper into the red. Amazon delivering for investors. The online retailer surprises wall street with ads 92 million profit in the Second Quarter as its bet on the cloud pays off. Shares skyrocket after hours. Welcome, everyone, to the show. Some Economic Data could bring to you right now, eurozone july pmi manufacturing coming in at a 2. 2 versus the reuters estimate of 52. 5. The flash composite pmi at 53. 7. Interestingly enough, the weaker euro, price cutting not helping foreign demand at this point. This after the german pmi number disappointed. We were looking at the euro in session lows and right now its remaining in a similar position. Euro trading at 109. 47 against the u. S. Dollar. Eurozone busines