To u. S. Drug companies. Reinvention as a business overhaul aimed at raising over 2 billion a year through 2022 sent shares higher. And a bitter taste as the hong kong protests hit congac sales and damage first half results. Good morning, everybody. Welcome to street signs. Happy thanksgiving for those of you who are celebrating. Were obviously not celebrating because were here in the studio bringing you the latest on the market action. To recap wall street yesterday we saw record highs for the major eking out gains despite a holiday weekend. We had u. S. Data yesterday, higher gdp numbers coming in at 2. 1 versus 4. 9 also improvement in chicago pmi. So all in all the picture was a little bit better for the data yesterday coming out of the u. S. But one of the major developments overnight was the news that President Trump has indeed signed legislation that passes into law u. S. Support for hong kong protesters that has not been well received by china. And, in fact, the tit for tat sho
Charged with manslaughter, Money Laundering and people trafficking, after 39 people were found dead in a lorry in essex. World leaders warn the fight against the Islamic State group is not over, despite the death of its leader, Abu Bakr Al Baghdadi. Instagram introduces tougher controls after 14 year old Molly Russell took her own life after viewing images of self harm online. And in sport, england fans scrabble for Rugby World Cup final tickets. But its heartbreak for wales, who miss out after losing to south africa. And after hanging on a kitchen wall for years, a long lost painting by an italian rennaisance master is sold for more than 26 million. Good morning from westminster, where mps will vote later on borisjohnsons proposals for an early general election. Already this morning, the eu has agreed to extend the brexit deadline until 31st january 2020. The uk was due to leave the eu on thursday. The Prime Minister has repeatedly said, we would leave on the 31st of october do or die
Stories on our website and dont forget you can download the bbc news app. But now on bbc news live to singapore for Asia Business report. The pound dips on brexit drama. Sterling loses ground after parliament forces Boris Johnson to ask for an extension to the uks exit deadline. And Indian Cyber Security scam, how online fraudsters trick people into parting with their ha rd trick people into parting with their hard earned cash. Hello and welcome to this monday edition of Asia Business report. We start with brexit because sterling has slipped as the global currency markets opened for the First Time Since the Uk Parliament delayed that crucial vote on the new European Union Withdrawal Agreement on thursday. We saw the pound having strengthened after the british Prime Minister borisjohnson, agreed after the british Prime Minister Boris Johnson, agreed a after the british Prime Minister borisjohnson, agreed a revised deal with the eu but on saturday we saw Parliament Passing legislation th
Brexit delays. The Uk Parliament delayed a crucial vote on the new European Union Withdrawal Agreement on saturday and passed legislation that forced borisjohnson to send a letter to brussels asking for an extension to the october the 31st exit date. This morning, sterling slipped as global currency markets got the first chance to react. Thursday last week it had strengthened after the prime thursday last week it had strengthened after the Prime Minister agreed a revised deal with the eu. Our Asia Business correspondent Karishma Vaswani joins me now from our singapore bureau. Today, monday, once again, it is very unclear what lies ahead so the pound is losing some of that value. Yes, losing some of that value but not all of it. I think that is the main message that we saw from currency markets this morning when they opened up in asia. The first chance for investors to react to what happened in the uk over the weekend. I have to say, trading is usually slow and volumes are feena out in
The country is leaving the bloc by the end of the month. Lebanons Prime Minister agrees to a series of Economic Reforms in an attempt to calm unprecedented antigovernment protests experts at the imf annual meetings raise concerns over negative rates in an exclusive interview with cnbc, axle weber warns Central Banks have lost their ways. In recent years, ecb loss of business has been much less policy, lost its distant to market they should guide markets rather than be in a standoff with markets about the future, and we have seen it in the u. S. , weve seen it here in europe well, good morning and welcome to street signs. Its monday. Waef lot to get through on the show today, but i just want to give you a quick recap of whats been happening with markets. The handover on wall street on friday was pretty negative we had all the three majors end the day in negative territory. Boeing was dragging down the dow. The s p is 1. 5 Percentage Points away from its all time high. Overnight in asia,