Who put him in office. Critics say it is a work of fantasy. Ourre continuing to watch , moodys announcing it has downgraded its rating on china. For comparison, were looking at the same rating help by saudi arabia, israel, estonia, and japan. Take a look at this chart. It encapsulates moodys reasoning for this downgrade. Debt to gdp soaring. 280 in terms at of the debt to gdp ratio, an increase from 240 from 2016 alone. You can see the diversions when it comes to gdp growth stabilizing, easing, but debt continuing to grow. It expects the financial strength of china will be eroded in the coming years as a result of the economywhite debt and built up. Slowing, andially even though you have financial reforms, deleveraging, particularly the financial sector, moodys saying that will not make a difference when it comes to this constant increase in contingent liabilities held by beijing. We will continue to watch that story. Singapore, taiwan, malaysia coming on line. We are really watching t
Supplementary budget . Brazils Largest Party pulls away from Dilma Rousseffs coalition. Is impeachment all but certain . Good morning, hans. Front andnter center once again. There are a number of questions that surround that. Does yellen have control, and where are the hawks . Hans if she doesnt have control, the markets to. That seems to be an interesting flip of the script, and we should also talk about brazil. I thought you were going to make the suggestion that you and i host this show from the beach. We are here in the dreary months of march, but i suspect you have other highminded plans. Guy lets go. I think that is what we should be doing, get us going down there to brazil. I guess the second point in my mind about the fed brazilian beaches sound much more attractive lets talk about the fed. Page, and youfed look at the speakers over the next few days. Doves. E all for the next few days, the conversation is going to be dominated by the dubs. The doves. Its many days until we sta
Ends up being routine. We have become numb to this. Experian is hit by a data breach. Sending shares lower in london. Lift off. They get a bullish note while klm takes off on news of significant job cuts. Dont let the party go on too long so says San Francisco fed president jon williams of the easy policy theyre due to start reigning in. He said policy makers did not need much more data to make a decision and said if todays jobs growth was above 150,000, that would be, quote, good. Lets tell you what were expecting. What clues will todays nonfunds payroll report say, forecasts say 200,000 jobs were added in the month of september. Some are hoping for signs of a rebound after employment growth in august came in at the slowest rate in five months. It comes on the back of a solid adp report. Private employers added the strongest reading since june. They lead the way taking on 188,000 more employees. Construction hiring is also the best its been since february 2006 but the big drag was the
7000 job cuts to come at the Investment Bank. That is more than 25 . Cuts in the retail bank along with a bad bank. Lets get on with the details. Lets dig deeper into barclays strategy. The chief executive, Anthony Jenkins joins us from headquarters in london. Thank you for joining us today. This isnt the first strategy overhaul we have had. Why should investors believe this one is going to work . Good morning. Firstly, we laid out last year a clear direction for barclays. We wanted barclays to become the goto bank. We wanted to deliver superior returns for our shareholders. There has been significant changes to the regulatory and economic environment. We have the same objectives. This is a different way to get there. I believe investors will have high confidence in our ability to execute the strategy change. Are you sticking to your target . Are stillned you targeting 12 of return on equity by 2016. What about the rest of them . In most cases, the targets have either stay the same or