Region and a third part of the special series. A very warm welcome to countdown. I am manus cranny. Mark england takes on twickenham. I set down with the ceo. He told us its all about the passion in rugby. One of the great things about sport, although we think it is a business, its a passion. There are 82,000 people doing the same. Thats the great thing about sports. Mark its official. Its a deal. Wholesome and lafarge agreed to terms. Wholesome says the new ceo will be proposed. Bruno lafond will move to cochairman. They will become nonexecutive cochairman. The deal is done. Caroline hyde has been following the steel every step of the way. Caroline it was the 11th hour and it has been the 11th month since they first came to this deal. 40 billion back in april of 2014 is when they first struck it. Suddenly problems getting in the way about financial and wanting to rearrange because they helped they thought perhaps lafarge was getting too good of a deal. I want to dig into this deal. Th
Over 1 . Some individual news that is worth bringing to our viewers attention, these are three stocks we will be watching. Well holcim do the deal with lafarge . Is bruno the man that the market wants to see at the helm . Lafarge wants to do a deal and they want new management structure. That has implications for this company, crh up 0. 9 . 24. 70 is where we are. Hes got his eye closely fixed on that. Next this is where it gets a little spicy. Fullyear numbers. They have lowered their guidance for this year. They say you are going to see sales rise between 1. 5 and 5. 5 . Originally, they set a rise between 2. 5 and 7. 5 . They are in 70 countries at the moment. The market doesnt like the critical issue. We get some data from switzerland. Centralbank comments later on from mr. Jordan. Johnny is on his way to do that interview. We have seen exports drop over 2 . Theyve dropped their sales. Still doing very little to impact that particular stock. The question is actually lets have a loo
Unexpectedly falling. People are trying to work out what this really means with the Federal Reserve rate hike. That could create all sorts of concerns. Suddenly, the negative yields become less attractive only start to hear of the rate hike in the u. S. At the moment the market goes back to december. We are opening flat at the moment. It is coming in flat in the eurozone. Daimler is up 17 and it is following on where the night states is going. The euro is coming lower against the dollar. Now it is back. Not against the dollar. It is spiking and the reason why is jobs. We see double added to what is expected and the key moves have 37,000 with the Unemployment Rate dropping 6. 1 . Lets have a look at the bond market. The nineyear is getting close to negative yields and the 10 year, look, were close to borrowing costs with 10 basis points at the moment. Meanwhile, the United States has what happens when we talk of the rate hikes in the United States. We have our strategist saying that hav
Francine im francine lacqua. Central banks are in focus today. The fed left open the possibility of raising Interest Rates in the second half of the year. Guy bank of japan kept the status quo. It will keep adding 80 trillion yen to the monetary base. Brazils central bank boosted their Interest Rate for the fifth time in an effort to fight inflation. Finally the Russian Central Bank Rate Decision. Francine for more on this lets bring in james, a senior economist. Lets talk fed. It seems yellen is hanging on to this rate increase despite the weak economy . Is it a sign that she expects it to increase or is it a sign they are trying to give to the markets . James they are expecting real Household Income growth which they sounded upbeat about in the statement. It will feed to Consumer Spending and increased Business Investment down the track. I think they are hopeful that is going to happen. It struck me by not after the march meeting and by not saying there was no predetermined path like
Reject a multibillion dollar bid from the u. S. Giant. And russia braces for further sanctions from the u. S. And europe as prorussia separatists release one military observer but keep seven others hostage in Eastern Ukraine. Youre watching Worldwide Exchange, bringing you Business News from around the globe. French president Francois Hollande is currently meeting with alstoms gm to hear an alternative proposal. Lets go out to frankfurt for more on this. Annetta, what has this approach from siemens meant for the future . This is a good sign that they are quite old when it comes to act weations. So some people would have or already said it might be the case that hes more reluctant and that would be very bad for siemens, so hes not trying to miss out on an outstanding opportunity. Siemens is calling that a good sign for the future. So what is on the table, siemens according to the letter that was sent to the ceo yesterday and circulated and leaked to various media is bidding up to 15. 3