Tom this is bloomberg and i am tom mackenzie. These are the stories that set your agenda. Asian shares fall in the fed has more reasons to delay cuts. The boj is set to hike rates for the First Time Since 2007 as traders i crucial data. Vladimir putin extends his rule in russia. We discussed that and what another term will mean. Lets check in on markets. Risk off. A second downside. Steamy prices and disconnect from cpi, pbi and dovish commentary from jay powell. Markets pricing in a full cut in july. European futures off by 1 10 of a percent. The ftse 100 is flat. Investors are adjusting to sticky inflation, setting up for negative session. A big day for japan, expecting a press conference from japan and an update on Wage Negotiations. Speculation increasing that the boj could go with its first hike since 2007. He saw the selloff across treasuries on the back of Producer Prices and a 10 basis move higher. The yen is in focus. Not a lot of movement but that could change. Copper is the
today, the business headlines will be dominated again by the huge profits made by one of the world s top oil companies. this time it s the turn of bp its latest results are out in an hour and a half and it is expected to reveal it s made substantial sums in the last quarter. last week, shell announced it made record annual profits of nearly $40 billion in 2022, double the previous year s total and the highest in its 115 year history. energy firms have seen record earnings since oil and gas prices jumped following the invasion of ukraine. dr carole nakhle is chief executive of crystal energy, a consultancy that provides advice, research and training to the energy sector. thank you for being on the programme. if we look at the numbers to begin with will bp be record numbersjust like be record numbers just like shell? be record numbersjust like shell? i be record numbers “ust like shell? ., ~ , shell? i don t think bp will be an outlier shell? i don t think bp will be a
a breach of the minesterial code. tonight with the context, the spectator s deputy political editor katy balls and the republican strategist doug heye. hello, welcome to the programme. we have lived through an era of record low interest rates. for years, it was cheap to borrow, while the money put away in savings accounts earned us very little in return. but things are changing. today, the us federal reserve set out an increasingly aggressive approach to monetary policy as it confronts the highest inflation in the united states forfour decades. in the last hour, it raised interest rates by 0.75% which is the biggest jump in rates since 1994. and that has implications for all of us. here s the chair of the federal reserve, jerome powell. the current picture it s plain to see. the labour market is extremely tight, and inflation is much too high. against this backdrop, today the federal open market committee raised its interest rate by 0.75% in anticipation of ongoing increases
Can show who an hours drive from. Badging. Massive apartment buildings stand like concrete skeletons, 20 floors high. These apartments are supposed to be sold in 2020. Some customers bought them as an investment, but only about 10 percent are currently used. The trains are moving construction debris use everywhere. Buyers in china usually pay for their apartments before theyre even built finance by mortgages. But now around 100000000 apartments. So standing unfinished, the end of the real estate public. Thats up prices, rockets, sometimes double. Now with the chinese economy and prices, the bubble has burst. The price isnt of vending, our total sales have dropped to less than half of what we hadnt seen in previous years since weve been construction. Because all but these height is stock in stock in hockey. Of the realistic sector accounts for a quarter of the chinese economy. No wonder business there is highly sensitive. Were on our way to find out more. When the police stops us, we ha
But really its a crime is addressed and the path of trying to take systems civility for his action. What about freedom of to print and freedom of expression . God uses trees. Starts october 28th on d, w. The further flow to china is aiming property sector as one of the Biggest Developers Country Garden inches towards a default. Well take you inside the empty sky scrapers that once in body to the engine of chinese economic growth. Also coming up on uncomfortable truth, why the you is buying more russian l n g. Then ever before. To this dw business on kate fergusons thanks for joining me. The crisis within china is Property Market is deepening as the countrys largest private developer Country Garden inches towards a default. The real estate time missed a key interest repayment on wedding state. Fueling fears about its longer term ability to pay back from 17000000000. 00 worth of International Loans and potentially leading to a states similar to advert crohns, which filed for bankruptcy i