At a division. Leaving its troubles behind, allianz sees a boost on the back of profits despite pimco. Profits take a hit on shares in china. The ceo says a dividend hike is still on the cards. George osborne says he is in brussels to get a better deal for britain, calling the 1. 7 billion tax deal unacceptable. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And welcome to the show and welcome back, seema. How has the week been in dublin . Its been spectacular. Its been a busy week for the markets. Stocks at an alltime high in the u. S. The ecb made me think yesterday and we have the u. S. Jobs. A very big show. Were going to kick off with some earnings numbers. Ally i cant answer yanz has rallied to the top of the German Market after boosting on the back of better than expected sales earnings. Its competing with rivals and will now pay off 50 of net profits as a dividend up from 40 ratio. Net profits rose in the Third Quarter, despite a
Recovery. Stealing the lime line as the new ceo unveils a cost cutting plan to turn around its fortunes. But m s is in the red after christmas sales come in below expectations. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A man hunt is still under way following an attack on charlie hebo. Cnbc has confirmed in the last hour that at least one Police Officer has been injured after being shot in the south of paris. But it is not clear whether is the incident is linked to the event in central paris yesterday. Local reports say two officers were injured, one critically, and the shooter was arrested. The interior minister has left forever an emergency Cabinet Meeting to the site of this latest incident. Earlier, Police Released photos in two wanted people in the attacks. Police say a third man is 18 and has surrendered. Speaking ahead of the Cabinet Meeting this morning, the Prime Minister said seven people had been detained. Antiterrorist for
Attempts to woo before next years election. Were live where the Central Bank Governor tells krvenz that the easing actions will help spur demand in the long run. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And we just had the eurozone pmi come in at 51. 1 for november. That is broadly in line with where its expected to come in, but does point to a 16month low. This follows individual Country Service pmi that weve had in the last 20 minutes or so, seema. It does. Lets focus in on germany. Germanys private sector grew at the slowest pace in the month of november as new business output prices fell. The reason were putting so much focus on pmi data is because this is the last piece of Critical Data that will come out ahead of the ecb meeting on thursday where mario draghi is expected to provide some type of additional commentary on monetary easing. Of course, the big question is if sovereign bond buying will be announced. Pmi data largely
The takata recall widens internationally, sending takata shares sharply lower. And a very warm welcome to the show. We are awaiting a speech by Vladimir Putin in moscow. Youre looking at live pictures of the kremlin palace where hes due to start speaking. The nation addresses to the duma any minute now. We will bring you pictures of that and the headlines of the speech if and when it comes. The speech comes as relations between the u. S. And russia remain strained. The u. S. President barack obama has laid the blame firmly at the door of the kremlin. Im less optimistic about russia. I have a very direct and blunt businesslike relationship with putin. We had a very productive relationship when medicine very was approximat medev was president. Partly because he was been integrating himself into a nationalist backwardlooking approach to russian politics. Its scaring the heck out of his neighbors and badly damaging his economy. Sanctions are having a big bite on their economy. Chris is joi
For lease. Indian inflation shoots up in july thanks to higher food costs and the softer rupee making the job a stimulating for growth all that much harder. And 120 people are dead and 5,000 injured as police crack down on supporters of the post president Mohamed Morsi turns violent. Welcome to a brandnew edition of worldwide exchange. Very busy day for these european markets. We get Second Quarter gdp, but also the boe mpc minutes and uk jobless numbers. The eurozone economy is expected to emerge from recession in the Second Quarter. Thats according to estimates of the flash gdp figure to just about an hour from now. The 17 asian bloc is forecast to grow by 0. 2 , ending six straight quarters of contractions. Now, the gains have really been driven by europes largest economy, germany, which posted this very robust 0. 7 jump in gdp from the previous quarter. This is the largest expansion in more than a year, which came in just above forecasts of 0. 6 . I also want to show you, just a co