Growth precarious Global Economy Uncertain International Monetary Fund and the world bank kick off their annual Spring Meetings with warnings to the world. Also coming up after months of disagreements the e. U. Has green lighted trade talks with the us setting the stage for the real challenge convincing washington to agree to a deal. And its said to be one of the biggest Oil Refineries in the world built by the richest man in africa but will it be good for nigeria our correspondent funny went to find out. Welcome to the business im john nelda and in berlin good to have you with us its a recurring refrain by now but with undiminished urgency i dont use Conference Marking the start of their annual Spring Meetings the International Monetary fund
and the world bank said seventy percent of the Global Economy is caught in a slowdown Trade Tensions that distrust and for policy making arent helping either well talk to our correspondent in washington in a moment but first this report. Room Sixt
a loss of about one point eight billion dollars but well we will see how hungry investors are for well there another minding your money losing enterprise here at the new york stock exchange and carter with a view on wall street for us. he said it would transform nigeria s economy africa s richest man liko don go t. is building what set to be one of the biggest oil refineries in the world and the world bank is backing it although construction is set to extend beyond when the world bank said it would stop investing in fossil fuels that s by the end of this year good always funny fresh are reports we receive rare access to these gigantic construction site nearly cost the man behind it. asked to meet a diverse fourteen point one billion us dollars on the construction site a beehive of people reporting to various international contractors china is one of
joins us now from wall street hi ends now earlier today trump tweeted about about how difficult a trading partner that you is any thoughts as to what that you can expect from talks going forward. it difficult to put it mildly u.s. president donald trump is actually saying that the european union has been a brutal trading partner but all comes back to bite you whatever that means but we can probably expect some pretty rough trade talks and if you look at the trade balance the u.s. exports the goods in the amount of three hundred twenty billion dollars to europe and on the other side they import goods in the amount of four hundred ninety billion dollars meaning they re running a trade deficit with the in the amount of about one hundred seventy billion dollars and therefore the trump is ministration believes that they have the better cards in
their hands as the might depend a bit more on exports to europe than vice versa so we can certainly expect some tough talks that tough talks ahead indeed but on the corporate finance they ve got a much awaited filing from over how far going down where you are. well i mean traders are excited because other than compared to a lift the stock will not be traded at nasdaq but here behind me on the floor of the new york stock exchange where we don t have the precise figures yet but we will probably be worth about one hundred billion dollars so once this i.p.o. is done the roadshow will probably begin by the end of the month to get investors interested in this i.p.o. and then print trading here on wall street probably will begin around may ninth that s what we re expecting right now they also gave some financial figures of the past year they had a revenue of more than eleven billion dollars but they were also running