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Lets see what happened overnight in asia. The flnikkeiclosed down. Hang seng down by 5 points the shanghai composite up by a third of a percentage point. In europe in some early trading, looks like the dax is up by a third of a percentage point. The cac is up bay half py a half percentage point finally check out crude Oil Prices Crude Oil yesterday down by 1. 4 on some questions about u. S. Supply and also doubts about whether russia is going to be cutting output whether it will stick with that. This morning down 1 couple big stories were watching japans softbank offering to purchase shares of uber at a valuation of only 28 billio 4 . Thats a huge drop of the most recent valuation of 68 billion. Ubers board approved the investment in october. It would expand the board and cut the influence of founder travis kalanick. Big question about whether people will tend near this offer. The consortium is led by softbank, and they plan ....
Im Caroline Hyde. As we were just saying, we are getting breaking numbers from allianz. Just to run you through some of the numbers, the outlook is confirmed on the upper end of the range. This is the number one european insurer, confirmed its fouryear forecast. Of 2e getting net income billion euros, ahead of analyst estimates. The operating profit came in at 2. 84 billion. We are looking at property and Casualty Insurance at 11. 8 billion euros. We will get much more on these breaking numbers with hans nichols. It looks as though the insurance side of things, hans, is missing a combined ratio, that we are seeing better than expected numbers from a revenue perspective. Hans yeah. This that income is a big beat. It is coming in north of 2 billion euros. On that front it is a big beat. When you look at whats happening in insurance, there havent been many natural asasters, s ....
Of profits. Its soured by continued weakness from pimco but the ceo defended it to cnbc. Its still a strong bond house it used to be as a performance looks total the current fund has an excellent performance year to date. Almost back to its shiny days in performance. In the black for the Second Quarter in a row as the banks turn around plan continues to bear fruit. The company boosted by cost cutting and asset sales. Happy friday everyone and welcome to worldwide exchange. Im seema mody. Alibaba getting real. Find out how the ecommerce giant is trying to win back customers with knockoff goods. This is it, jon stewart boys out after 16 years hosting the daily showment we bring you the highlights from the star studded show. And we speak to the new venture that will deliver food to your door. Well digest the details. Welcome to the show. So the july u. S. Jobs report is out at 2 30 cet with another solid month of hiring expected. For ....
Continued weakness from pimco but they defended the performance of the Asset Management business to cnbc. Pimco is still the strong bond house it used to be. Total theres an excellent performance year to date. Almost back to its shining days in performance. A losing quarter for zinga. The Gaming Company disappoints with guidance and falling active users sending shares over 10 lower. Im carolyn roth. Coming up on the show alibaba is getting real. How the ecommerce giant is trying to win back customers fed up with knockoff goods. Plus this is it, jon stewart signs off after 16 years hosting the daily show. We bring you the highlights from the star studded show. And new route to investment. Were getting on board we i didnt want as it opens the new sewa canal. Find out how much it costs after the break. It beats expectations and strengthens the feds ability to raise rates in th ....