The cfo tells us everything is going to plan. Committed. Eel we are executing. Things are under control. Anna and sums up for facebook, as the social media giant has mobile revenue surging. A very warm welcome to countdown. I am an edwards. Manus i am manus cranny. Anna we had Credit Suisse numbers earlier. Bmp reporting secondquarter q k n÷numbers, secondquarter nt profit at 2. 56 billion, ahead of the 2. 1 billion estimates. They had again from selling a stake in visa europe. We know now they wont put that in the books, 597 million pretax gains from that sale. A business trying to get back to return on equity of 10 this year, taking additional steps to cut cost, bolster capital. A simple turnaround story, than others you can mention in the banking sector. What many analysts have been saying, because this diversity and breath of activity they take in the stock. Around 16 yeartodate compared to 27 , that is the one year share price youre looking at there. To bloomberg. Ke you see like
Are arriving in athens showing cautious optimism about the health of the economy. These things are looking better. I shared optimism of the greek government, which is that they would like to access the program. Whether its possible, i think its too early to say. As you know, the program runs right up until the end of this year and will decide later on this year what the future will be. And a grilling on capitol hill, questions on how Safety Standards were allowed to slip as gm recalled another 1. 5 million cars. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. And a warm welcome to todays program. We start off with the latest pmi data out of the eurozone. We had the flash numbers a while ago. The manufacturing pmi down to 53. Thats what the flash was. It was 53. 2 in february. The pmi output index is up to 55. 6. Thats a little higher than the 55. 4 flash number at 65. 3 in february. And the pmi output prices index, 49. 3 as specd in the fl
Weekend election. Down. Come to count lets tell you what is coming up on the program. In under 20 minutes we will hear from the ceo of the hotel accord. We willon bloomberg. Talk about the companys recent agreement to buy more than 1 billion worth of european hotels. Live from kiev with the foreign minister. Alexa smithkline is facing another criminal investigation. It is accused of bribing doctors and hospitals in china. Caroline hyde the details. What exactly do we know . A statement was put out yesterday stating that glaxosmithkline had received an open formal criminal investigation into the commercial practices. That is what the office in the u. K. Has told them. This is amid bribery case is being handled by the Chinese Police to glaxosmithkline in china. Ofthis is a month investigation. Two of them coming together. Much wider than that. In china, mark riley who led the , it is alleged he offered bribes to doctors and return to for using glaxosmithkline drugs. , it is alleged he of
Welcome to countdown. I am anna edwards. Bloomberg reporters are standing by across the world ready to deliver the stories that will drive your day. Athensweed is in looking at more prospects for greece. Are we seeing signs of weakness in china . We have the latest manufacturing data from hong kong. Twitter wraps up its efforts in social tv and airline hide has the details on its new acquisition. Caroline hyde has the details on its new acquisition. Interviews coming on bloomberg. We will speak with the ceo of Heathrow Airport. He will look at heathrows place in the u. K. Economy. That is during the next hour of the program. Then on the pulse, there will be a an exclusive interview with formerminister Prime Minister agrees. Finance ministers in athens are likely to sign off on the next package of aid to greece so the country can avoid default. David tweed caught up with the finance minister yannis stournas this week. Will greece need more money after the charge that is being discussed
Forecast. And here at home, according to the ceo of generale, who tells cnbc in an exclusive interview, that he expects a rebound to boost the confidence to boost earnings. The actual stake is what the actions in other regions of the world to achieve their targets over time. So we see the determinants. Announcer youre watching worldwide exchange, bringing you Business News from around the world. Welcome to worldwide exchange. The german Sports Wear Company adidas says it will scale back plans to expand in russia as its been forced to cut its outlook for 2014. Meanwhile, lufthansa says Second Quarter net profit fell due to strikes, adversity affects and overcapacity on its north american and european routes. The german flag carrier net profits are the 170 mini euros from 155 million a year ago. And you can see continental down 2. 4 despite the tiremaker raising its outlook for the second time in five months. The german firm is warning adverse effects may harm its sales. Lths the fourth