Anybody on board why bother having the meetings at this point . Its a great place. I dont think they want to pay for the hotel room at this point. Our colleagues caught up with a member of the saudi royal family earlier today. Well bring you that in a few minutes. First lets talk about the goldman call on crude. The firm is cutting its forecasts. Its one month view is 38 barrel. Thats a significant decline and thats a fairly short time measure. Theyre saying 38 within the next month. A decline of 7 off the 45 its sitting at right now. The 12 month target is down to 45 barrel but goldman says the risk is that oil could fall as low as 20 barrel. They say that risk is rising. Among the reasons, a big sur plus of oil with the scarcity of storage space. In fairness its a differ guy. That was the super spike. All right. Equals, 300. No, wait a minute. All right. No, thats the wrong okay. 20 we think its going to 20. It was a different guy. But wasnt it 2007 right before i dont know. It was l
Profits. Nestle hits the sweet spot. Despite a slow down in emerging markets. Coming up we speak to the ceo of the swiss consumer giant. Youre watching Worldwide Exchange bringing you Business News from around the globe. Straight to our top story this morning, in the last ten minutes the ecb has denied or thes that policy makers have discussed capital controls from greece. The report came from a german newspaper citing bank sources. Anneta lets start with you. Were just hearing from the ecb that the governing counsel has not passed capital controls for greece. That refers to the report we had this morning in which they were quoting ecb officials saying that it would be a good idea for greece to install capital controls looking at the outflow of deposits which were currently seeing. Of course the ecb is saying that has not been dispatched from the governing council but putting that official opinion aside, looking at the rational behind spreading such rumor at that point in time could le
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