to confirm prices are cooling. but with inflation still stubbornly high, policy makers here as in many other developed countries are not done raising interest rates. let s show you how investors reacted to that latest data which should other than expected data out of the united states. there are hopes and out of the country might avert a recession. you can see all of the main industries during better and banking share is also led wall street to close higher. banking shares also led wall street to close higher on thursday that s after recent health check showed the largest us banks have enough capital to weather a severe economic slump. in other news this morning sporting goods giant nike has reported its latest earnings for the fourth quarter. revenue came in at $12.8 billion dollars slightly higher than expected. this means nike has beaten revenue estimates for seven straight quarters. salesjumped in both its largest market north america and in china, following the easing of
welcome to bbc news. the bbc understands officials believe at least 60 buildings will be deemed to have failed an official fire safety test, in which insulation and cladding, of the type fitted to grenfell tower, were analysed together for the first time. so far, just nine of the buildings which failed have been identified. they re in salford in greater manchester, where the local council is asking for help from central government to meet the cost of replacements. our correspondent frankie mccamley reports. as those affected by the fire at grenfell tower wait to find out how and why the fire spread, across the country, others are anxiously waiting to find out if their homes are at risk, too. but for many, it s not good news. the bbc understands officials believe at least 60 tower blocks have failed a new fire safety test. including nine in salford, where the removal of cladding began weeks ago. the thought of it not being safe and you re sleeping in bed of a nighttime, do you
and ringing the bell for 2017. where should you put your money this year? and will economists or fortune tellers have the upper hand on predictions? authorities in turkey believe they are close to identifying the man who killed 39 people in the attack on a new year party at a nightclub. security officials have released footage they say shows the suspect filming himself in the centre of istanbul. armed police have raided several addresses in istanbul and arrested 12 people. greg dawson reports staring directly into the camera, the face of the man turkish officials say is the main suspect in the deadly nightclub attack. this footage, released by police, appears to show him filming himself on his home while walking through taksim square, one of istanbul s most busy areas. it is not clear when it was recorded. following a tipoff, armed officers carried out a raid on a house in the city monday evening. the suspect was not found but so far 12 people have been arrested in connection
with sally and world business report. a record number of uk oil and gas companies went bust in 2016 but could this be the year the price of the black stuff bounces back? ringing the bell for 2017. where should you put your money this year? and will economists or fortune tellers have the upper hand on predictions? welcome to world business report. i m sally bundock. also in the programme, live in singapore to hear how the city state s economy is faring and you may be surprised. but first: the number of uk oil and gas companies going bust has reached an all time high following the slump in prices of crude. that s according to accountancy firm moore stephens who say a total of 16 businesses became insolvent last year, an eight fold increase on 2015. despite the recent increase in the price of the black stuff, atjust under $60 a barrel it s stilljust over half what it was in the summer of 2014. that price point has hit the industry hard and the new year marked the start of the fi