I think it is needed for the current condition of the market. Nejra and burning the midnight oil. European leaders pull another allnighter in the search for the next European Commission president. We are live in brussels. Manus a warm welcome to daybreak europe. Oil is higher this morning, brent is up by 1. 5 . There is word on the street below me about certainty, about a surety. Those are the words from the secretarygeneral. The consensus is building. Termsonths is offered in of an extension to the opec cuts. Putined bin salman and agreed this before the delegates arrived. Nejra, good morning. It is a gorgeous day. We will be chasing ministers, we will find out what a ninemonth extension for the current cuts could do for the market with trump and xi talking to one another. Nejra absolutely, and that is the key link. Good morning to you. Because we got that agreement that could be rubberstamped at the opec plus meeting over the g20 weekend. It is interesting how important the g20 has b
Hard on the sector for years but to no avail this year its not showing up yet another round of losses for the 4th time in 5 years the restructuring measures announced on sunday are aimed at freeing up the remaining divisions of the bank its turning its back on its ailing International Business and focusing on the domestic market. Weve been planning for quite some time that after achieving stabilisation last year cleaning up the Balance Sheet having costs under control now we want to take the next step and thats to align the bank with its strengths and thats what we are pleased to announce today that the. Bank was devastated by the Global Financial crisis and the share price is yet to recover. Legal disputes compounded delicious problems the bank was forced to pay billions in fines for russian Money Laundering breach of sanctions against iran and syria and for its role in the subprime mortgage scandal weary after years of uncertainty someone best received this radical reboot as an oppor
Other operations significantly. Investment bankers were the 1st to go entire teams were given the sack on monday from sydney to london. And could concentrate hard in the sector for years but to no avail this year its not showing up yet another round of losses for the 4th time in 5 years the restructuring measures announced on sunday are aimed at freeing up the remaining divisions of the bank its turning its back on its ailing International Business and focusing on the domestic market. Weve been planning for quite some time that after achieving stabilisation last year cleaning up the Balance Sheet having costs under control now we want to take the next step and thats to align the bank with its strengths and thats what were pleased to announce today that the. Bank was devastated by the Global Financial crisis and the share price is yet to recover. Legal disputes compounded delicious problems the bank was forced to pay billions in fines for russian Money Laundering breach of sanctions aga
Good afternoon from asia. Im Francine Lacqua in london. Stoxx 600 down. We are expecting more choppy trading on the back of the testimony this week from jay powell. Prospects after we had conflicting signals from the world economy. 1. 12. Ollar coming up, paul the fx calls all the fx calls with david bloom. Tensions between japan and south korea are threatening to wallop much now depends on whether shinzo abe and moon jaein can work out a compromise. A cycle of measures and countermeasures would not be ideal for both countries but if south Korean Companies begin experiencing actual damage, the government would have no choice but to respond as necessary. I hope it does not come to that and we urge japan to withdraw its measures. Greece primenew minister has a new finance minister. One of the first tasks will be to renegotiate. Epstein being held at a Correctional Center in new york as he awaits a bail hearing on charges of sex trafficking and conspiracy. The charges include sex acts 14,
Iran and every other thuggish regime understands is strength and pain. Cut in, listen to nancy pelosi and Justin Trudeau. We were recently together in normandy. We had a delegation of nearly 60 house members and like noahs ark to normandy to pay tribute to our veterans. We were proud to join the Prime Minister there at juno beach to pay tribute to the contribution at that canada made to that historic normanly invasion. I wish you could have been there, to hear the Prime Minister speak so beautifully in english and in french about our veterans, all of our veterans in that instance we were paying tribute to canada as well as other nations. We had a lively discussion with the Prime Minister on issues that relate to global security, to economic relationships in terms of trade. He may want to talk sports. I think that is off limits. But in any event, canada is our trusted neighbor, our relationship is a warm one. And it is an honor again to have the Prime Minister visit and, mr. Prime minis