New deadly threat. Hello. A South African judge has granted prosecutors permission to appeal against the conviction of os scar pistorius of culpable homicide. It will now go to the Supreme Court of appeal. He was given a five year term in october. Prosecutors describe that as shockingly right. The judge has been giving her reasons for allowing the appeal. I have been persuaded that the questions in respect of count one set out by the applicant of questions of law. That being so, i cannot say after considering submissions by council that the prospect of success is remote. What does that mean . Our correspondent is at the courthouse in pretoria. Reporter judge ma sipa has granted the prosecution to appeal the conviction of culpable homicide of murder. The state described the term shockingly light for the crime committed. What hah will happen now is gerie nel and his team will get a new set of judges to hear the facts presented in this court about how Oscar Pistorius shot and killed his g
The increased sensitivity and credit markets could make the exit process more volatile, potentially undermining the ability of Financial Systems to support recovery. Janet yellen has raised similar concerns. Regulators need to take steps to curb financial excesses. Right now. They were trading slightly higher. Theyre dipping up and down on either side. Plummeted. Elds the s p 500 virtually unchanged. So is the doubt. Ow. So is the td so is the dow. If you days of triple digit declines and more of those in the future. This is what the market is like. The true normal market has volatility that makes people scared. People keep valuations reasonable if theyre worried and thats where we are right now. And another named to the wrath of companies who want to split themselves up. Talks tois an advanced two companies p one selling security programs and the other focused on data storage. Both ebay and hewlettpackard have announced breakup plans of their own. Bill ackman plans to raise their take
We are here in london. Im guy johnson. Im francine lacqua. Happy new year to everyone. What are Angela Merkels contingency plans for grace . That is a question that is dominating the currency markets this morning and is sending the euro lower. Driving the news is a report over the weekend that says merkel could look at a greek exit. Lets go to hans nichols with the very latest. What are we to believe . We basically have three different lines from the German Government officials in germany on the report. The first is that saturday night line. That was a nondenial and ill saying they dont comment on speculative reports. Then, last night, we had the economy minister and Junior Coalition partner. He would know about internal planning inside the finance ministry. He said there were no contingency plans. This morning, we have a member of Angela Merkels party, the Party Chairman essentially, saying he cant imagine there being contingency planning. What we dont have is a firm denial that the g
Power over fiscal policy in individual states. Air france klm is one of the worst performing stocks in europe after the carrier strikes force to issue a profit warnings. Tesco is upgraded by hsbc, sending its share price over 3 higher. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And as we said at the top there, were at a 1 1 2 month low in European Equity markets. The stoxx 600 is off 0. 5 today. The stoxx 50 off a similar amount well, actually, it says roughly flat. Lets look at those individual markets. If you would think looking at the sectors, the likes of autos, the likes of travels, utilities is the only outperformers. The ftse 100 is out 0. 4 pergs. Germany is down 0. 6 . France off just a little bit. Lets look at bonds. Panic selling in equities yesterday also meant panic buying in bonds. That follows the imf forecast only slightly downgraded its Global Growth outlook for this year and next year. Nonetheless, a flight to safety