Only the second, since the end of the fiveweek shutdown brought on by the debt crisis. Bank shares were pushed to the downward trading limit yesterday of 30 . One analyst said the bailout will not work if greek banks do not bounce back. The greek Banking System is key to getting them back. They have to recapitalize the major banks quickly and they have major problems with their nonperforming. Once you get the greek banks of an lending, there is no hope for the plan to succeed. Erik in the bleak financial picture, the Central Bank Says almost 1. 3 billion has flowed academic countries bank since reopened two weeks ago. Scheier is making an offer in hopes of creating a Biotech Company focused on rare diseases. The price of the about the billion dollars and scheier says that represents premium of 36 and values the target company at more than 45 a share. No deal on the horizon right now and shire it spun off from baxter and they are not talking about the proposal. John cleary is in singapo
At 50 plus per barrel. Angie were still waiting for the latest chain the latest trade date out of china which was expected an hour ago. Bloomberg is expecting a 4 decline. Nothing really to watch. Waiting for the customs administration. An hour ago, we were expecting the numbers. I am speculating a little bit here, but tomorrow and friday are holidays in china. This is not as absurd as the but waiting for godot, it is not uncommon for them to delay these numbers. Expecting a 4 decline, the second month in a row of declines, yearoveryear, after the march aberration, where exports suddenly leapt up. February was the lunar holiday the Lunar New Year holiday when many factories were closed. Get intoe starting to a more normalized trend. 4 down in u. S. Dollar terms, expected. We have to look at it in yuan terms as well. Expecting a third month in a row of increases. That is also moderated a bit. 1. 5 was the consensus estimate by economists surveyed by bloomberg. Lets see where imports are