A slight bid into the back of the bond market. Lots of supply coming on next week. That is front and center, along with the repo market. Time now for global exchange. We bring you todays market moving news from all around the world. From mumbai is bloombergs south brussels, iann wishart. In india, the government unveiled a 20 billion plan to boost growth, including cutting Corporate Taxes to the lowest in asia. Stocks having their best day in india and a decade. We have more from mumbai. Reporter as you mentioned, happy friday for companies. They are a big they are calling it a big bang of sorts. However, bonds obviously felt because they see huge stimulus coming, they dont know where and how the government will fund it. As you mentioned, and yet will be one of the lowest tax regimes , and that could attract a number of Foreign Investors and Foreign Companies as they seek find new venues to set up Manufacturing Companies amid the u. S. And china trade war. I think it has been a very ex
Anna a warm welcome to countdown. I am anna edwards. Mental i am manus cranny. Weve got breaking news. Manus weve got manus cranny. Caroline, give us the numbers. Caroline net income. Billionoming in at 16. 7 cronin. This is compared to 17. 9 billion. We got net income coming below analyst estimates. The reason . Basic impairment charges. Provision overall. They are having to reduce the guided Capital Expenditure level 260. 5 billion. They are trying to ream back their spending. Their Financial Results continue to be affected by low liquid prices. Clearly the pain that is being exerted on oil majors. The fact that bp managed to eat estimates. We are seeing the pain coming from below oil prices feeding into the expectations that futures of these companies. This is a company that is exposed to the downstream. The refining is at a record high. Dividendded to pay a of . 22 for dollar. That is in line with estimates overall. 3 billion, less than previous years. Raining back their Capital Ex
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