Suspended regarding concerns about irregular layerties. And monsters energy boost gets a boost with coke higher in after hours trade. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Good morning, everybody. Very glad youre with us. A fresh start to the day. The end of the week. By the looks of things, were just hanging on to some slight gains. We were called a little bit higher on the market this morning. Yesterday on the close you would have noted that we closed out on the slightly positive note despite the fact that we have all of these ghee quo political tensions that were talking about these days. Well be talking more about them on the show, as well. Stoxx europe 6 hu00 higher by j shy of 0. 5 . Very, very dire readings coming through from europe. Lets get to the core european markets. Weve got gains slightly across the board now. The ftse higher by 0. 5 . The same goes for the xetra dax, cac 40, 0. 25 . On the asian markets, taking a look at how the Indian Markets or the asian markets have been faired. The south korean and Indian Markets are both closed for holiday. Now lets talk about some of the top stocks out there. Bhp billiton considering spinning off unwanted assets into a separate company. It could be worth up to 14 billion. Reports suggesting that the new firm is going to include aluminum and nickel operations as well as canning from silver mines and South African coal assets. The board is set to review the strategy next week. H m trading close to the top of the stoxx 600 after the fashion giant posted a better than expected 17 jump in sales. The group is saying its market shares continue to rise despite competition from the uk based prime mark and the u. S. Forever 21. Carillion taking a hit after their proposal remains unchanged and Balfour Beatty rejects their second offer. Lufthansa investors cheer speculation germany could withdraw air surcharge. Weve been focusing a lot of our attention to the last couple of sessions with these yields moving ever lower. We saw a risk off trade and lots of people filing back into the bund. For example, the yield dropping below 1 for the First Time Ever. Tenyear italian pushing lower and the yield in spain shy of 2. 5 . The fx rates, the currency markets. What were seeing here, the euro dollar, very flat. Shy of 1. 34 as weve seen for the past couple of sessions. The aussie dollar, 0. 9325. According to a number of reports, up to 23 personal carriers crossed the border. Officials from the red cross there currently in kiev to try and negotiate its passage into the country. U. S. State Department Spokes woman maria hart has reiterated that russia cannot act unilateral unilaterally. Russia has no right to send any cargo into ukraine without the governments explicit permission. I said that before. The ukraine is providing its own humanitarian aid. We are calling on the russian who currently control that area to let people have access to that aid. Meanwhile, eu Foreign Ministers r arriving in brussels to discuss geopolitical tensions, including the situation between russia and ukraine. Its an emergency meeting of those european Foreign Ministers here in brussels. Next to the situation in iraq, taking that, it is, of course, consideration of the situation in ukraine. That was with eyewitnesss on various journalists on the ground there. There might be talking needs here in brussels among those Foreign Ministers. At the same time, we are hearing that russia is allowing ukraine and boarder control to actually check on the remaining vehicles close to the border who at the kremlin is saying are only transporting aids material. And that is actually a positive sign. We have once again conflicting issues out of that region. They apparently have news that they are moving military equipment inside the ukrainian territory. Again, a very difficult situation and we dont know what is really true here because both sides are playing the media quite well. The Ukrainian Government can do that pretty well and the russians are very good as it, as well. They are about to arrive right now. The meeting starts at 12 00 cet. There will be a press conference at 6 00 in the evening in brussels. With that, back to you. Neal said the chief emerging market economists at capital economics. He is with you in the studio. We can choose, so the tough job becomes even tougher. Really, at this stage, i think, the markets are really struggling with this, too. It is a big selloff in the bond market last week. This week weve seen markets rally on hopes that there might be some steps towards deescalation from moscow. And the hope seems to be about deescalation. Which would point to actually some kind of retaliation and escalation. And i like how in the comments yesterday in crimea, you take the time to look through the comments, well do everything we can not to escalate the crisis. But the market is ignoring that. I think thats true. And the point is that hes trying to ride the horses, if you like. Theres a domestic audience and there could be no backing down. The Big Russian Oil companies, theyre going to apply for central bank for financing help, hes effectively been cut out of western markets. So at least to try and appease the western community on the one hand and the domestic audience, too. He does it quite well, actually, and has proven record highs. But i think the consensus view, the view of the markets this week is that actually we might see some steps for deescalation. I think that might prove to be somewhat complacent. How about central and Eastern Europe . Where are we with regard to investment in this particular area and is there a way to invest in central and Eastern Europe where you dont necessarily expose yourself to whats taking place in ukraine . I think there is. The answer is to avoid russia. That is the major export market for this region. Relatively small economy, it depends on what happens in the eurozone and less dependant on what happens in the eurozone, i think. It will affect countries like poland and hold back on investment in particular. But really, for these countries, its about what happens in the eurozone and in particular what happens in germany that matters. I think on that front, it might be weaker in the second half of this year. But i dont expect the recovery that weve seen in the past 18 months to go into reverse. Neal, thank you very much. Its friday. Are you having a chance to enjoy any of the summer . A lot of stuff to follow at the moment. Theres a lot of stuff to follow at the moment. Elections coming up. Im going to go away in september, though. Maybe this year september is the new august. Could be. It could be. You never know. Neal sheering, thank you very much for being with us, from capital economics. Staying in ukraine for a while longer, tempers overnight in the halls of ukraines Parliament Amid ongoing tensions in russia. The two mps right here engaged over a war of words over whether one involved has visited the area where Ukrainian Forces are fighting rebels. Things turned nasty, as you saw, one mp punching his colleague on the cheek. T getting slightly heated there. Oh, gracious. Back to corporate news, cocacola is buying an almost 17 stake in drinkmaker monster beverage for 1. 4 million in cash. Coke is getting a seat on the board, as well. Monster will take over cokes Energy Drink Business and remove its nonEnergy Drinks to coke. Monster is a dominant player in Energy Drinks with 42 of the market. Shares of monster soaring by some 22 in after hours trade. Both Companies Trading higher there. Now im tooits time to get whale watching. An s. E. C. Filing shows that Warren BuffettsBerkshire Hathaway shows Charter Communications in the Second Quarter while paring higher stakes in gm, ibm, ver rise yop, and lower stakes in Conco Philips and liberty media. Checking in on those shares, slightly mixed at the moment. Coming up here on todays show, bucking the retail rub. We wade through the numbers and jcpenney in Second Quarter sales outpacing its rivals. And burning money to burn rubber, we go under the hood and expect the worlds most expensive car ever sold at auction. Can you guess which one it is . Well hear more about that. And when youre having a baby, if you are, maybe youre arguing with your wivy or your husband over baby names. We reveal the top names of 2013. Will the name george make a royal impact o list or will it be frozen out by the name of disney characters . Well talk more about that. It is an official list put together by the statistics office. Still to come, could possible accounting errors cast a shadow on ibo for alibaba . Well take a look. We started zya with the thought that the kid on the back of the bus might have a song that he has in his head but he just cant get out. With the technology of cloud, we change all that. I can sing something into my device, up to the cloud it goes, back down it comes, sounding better. We break down the walls of creation and we give music creation for the masses. Unlock the creativity in anyone. With the ibm cloud. The ibm cloud is the cloud for business. The alibaba ipo is a big deal. They have delayed results and suspended trading citing possible accounting irregular layerties. It says its parent ecommerce giant prepares for one of the largest ips in history. What do you think, eunice . Well, theres a lot of attention right now on the Due Diligence process of alibaba. And that really comes to the fore now because of this particular announcement. What we know is that alibaba pictures, which is the film unit of alibaba is now reporting irregular layerties, accounting irregular layerties. In the backup of all of this is that alibaba has been trying to push into the entertainment industry. It wants to build up its presence, its been on an aggressive acquisition trail. This is one of the latest acquisitions that the company made. It took a 60 stakes in a company that was formerly called china vision media. As part of this deal, alibaba put in place new managers. After they looked at the books, they found accounting problems that were there before the new management came in. They need some time, the company says, in order to look at this matter more closely. We dont know the size of it or the scale, but its obviously big enough that the company has to delay its first half earnings and suspended the trade of the stock in hong kong until the investigation results in something more substantial for them. Now, alibaba has been under a lot of scrutiny, especially their Due Diligence process ahead of the ipo in new york. And a lot of people are talking about how this particular issue really raises a lot of questions about just how thorough alibaba has been when they vet these action sessions that theyve been making and theres been a lot of pressure for the company itself to be seen as a good corporate citizens so that investors will be willing to buy into the ipo. So the Company Actually made an announcement after the deal or after the film unit had made its statement and alibaba said that the actions of the film unit to disclose this information is in line with alibabas own commitment to transparency. Louisa. Eunice, thank you very much for that. Eunice yoon joining us live there in beijing. Bhp billiton shares, theyve been popping after the mining giant said it favors spinning off more unwanted assets. This comes as a move to narrow its focus on commodities like iron ore and petroleum. Bhp did not specify which assets it was looking to sell. The mining giant saying that its board will be discussing all of the options next week. Bhp billiton will report full year results on tuesday. Watch out for that. Now, staying in the Mining Sector or basic resources, gold posting its second week of genes. This as geopolitical tensions and sluggish Global Economic data boost its safe haven appeal, among other things. Lets check in on silver. It has having things taking place there. A new electronic auction based system goes live today, replacing the 17yearold system. A strategist at bank of America Merrill lynch is joining us. Why are we getting rid of the old and putting new in with regard to sympathy ver . As youve mentioned in your introduction, i think the previous system has been in place for quite a while. And i think there was a decision to take at some stage that it would be decided to have bigger transparency, has more audible price setting process in place, as well. Am i crazy or do we not know who is going to be taking these orders . That is to some extent correct. I think the issue we have with any new pricing mechanism or any new contract coming online is that you dont know quite how it is, how it is playing out. Initially, you find often that markets are a little bit cautious in engaging in a particular contract. Having said that, we need a reference price, right . Ultimately, i think the system or pricing mechanism will start to kick in. Because nobody stepped forward to say that theyre going to be involved. Youre changing a few things around. You have got entirely new infrastructure now in place. And, again, you are trading and you dont want to you want to make sure that you dont lose money. How do you view prices at the moment for silver and gold . Well, its generally quite good. Its just approaching it from an investor perspective. I would assume, as well, that there has to be some you have a lot of the stack in between, silver prices have moved. So what is the trade . If i want to be in on this, how do i play it . You want to take a long position, you have to take a very longterm use three, four, five years out. And on the base, you have some amazing trades. There you can look out like six or 12 months to even make money. It has been up over 30 yeartodate. That is copper at the moment. All of the others do look quite good, actually. It can only get better from here, right . I know. Its like the arctic winter here in the studio. Have fun. Metal strategist at bank of America Merrill lynch. I just want to bring you some news, some flashes that were getting through on ukraine. Let me just find them. Were hearing that ukrainian officials are starting a section of the russian aid convoy. The Border Guards and the custom officers are working at the russian border post. Lets move on. How much would you be willing to pay for your dream car . This 1962 ferrari 250 gdo, do you think its beautiful . Oh, my director says this is beautiful. Balestna, he says. It was auctioned off for 34. 5 million on thursday. Its the most expensive car ever sold at auction. Ferrari only made 36 gtos. They rarely come up for sale. It has a bit of a checkered crash, though. The car crashed during a race in paris in 1962. At the time, that killed the driver. It was later owned by an italian car buff until his death in 2010. Do you like it . It looks pretty smart to park if youre in london. Because it would probably fit into a space like that versus the 250 rollsroyces i found driving around last night. We want to hear from you. What are you thinking at the moment . Where is your mind . What will be investing in . Do you like the car . What type of prospects do you think there are for the next month . Join the conversation on worldwide cnbc. Com. krns we can see, as well. Very happy to hear from you here this wonderful friday morning. Still to come, after the break, we will be getting the latest gdp data for the uk. Find out if the Second Quarter growth story is here after what we saw yesterday in the eurozone. Youre watching worldwide exchange. Good morning, everyone. Hello, everybody. Im Louisa Bojesen. Good morning. Youre watching worldwide exchange. Officials are meeting in brulss as officials inspect a russian aid convoy at the border. Bhp billiton is cheering with spinoff plans to form a new company. And shares in alibaba pictures are suspended amid concerns of possible accounting irregularities. And monster beverage gets an energy boost as coke spends more than 2 billion to buy a stake in the company sending shares higher in after hours trade. Hi, everybody. Let me just get you the latest data to hit the wires. The uks Second Quarter gdp data plus 0. 8 quarter on quarter, which means essentially that its unchanged from what we saw in the first estimate. The Second Quarter gdp revised to plus 3. 2 year on year, which is slightly higher than the last estimate which was at 3. 1 . Second quarter gdp forecast at 0. 8 quarter on quarter and 3. 1 year on year. The year on year number slightly stronger than anticipated being revised just a hair higher. Thats just hitting our wires right now off the back of dire gdp data that we saw yesterday. The economy falling for europes largest economy by 0. 2 . As we saw yesterday. Italy saw constructions, france saw stagnation. Basically youre looking at core europe becoming a lot weaker than what weve had in the periphery for the growth story. Speaking of europe, lets check in on the markets, why not, this morning . Were looking at our markets being held higher. Nevertheless, were still higher by around 0. 5 in trade. Currently markets, pretty unmoved from what we saw yesterday. Dollar yen, right around 102. 5. Euro dollar, shy of 1. 34. It is thought that the ecb might have to step in with more stimulus after these latest gdp ratings. Buying into sovereign debts across the board. Weve had record low yields in france and germany on the tenyear. We saw that yesterday after the gdp data. The 10year yield in germany slipping below 1 bers for the First Time Ever and were currently just hanging on to that