we are live from bloomberg s european headquarters. we are just getting some breaking news in terms of the euro pmi. it climbs to 51. german number, a little editor, french number, little weaker. the focus in the eurozone remains greece. the new finance minister began the european tour with paris yesterday, seeking support. in a news conference with his french counterpart, he suggested that his country is addicted to loans and needs to break its dependence. for more, let s go to hans nichols in berlin. tell us more about what he had to say yesterday. he clearly wants to keep open that finance window through the ecb. that is so crucial. he indicated that withdrawal is going to be a difficult process. have a listen. we have resembled a drug addict craving the next dose. do i believe that we should be taking another punch of loans? no. it is not that we don t need the money, we are desperate because of certain commitments and liabilities that we have. he was speaking
francine: i m 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. brazil s 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 let s bring in james, a senior economist. let s 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 prede
in-depth interview with intesa sanpaolo s ceo, the head of italy s second-largest bank. he is on the hunt for acquisitions. now i asked him about his potential partner. carlo: if you want to top the asian margin tap the asian market, you need a good brand. that is the reason why i am looking a possible acquisition of an international brand. i am growing in such a way that i tonight not need to, an extra engine for my growth, but the strategic target could be to have an international brand in order to tap international diversification. francine: basically a brand name more than operations. how big does it have to be? is it something everyone recognizes? carlo: there is a point on the total amount of market capital for the possible target, because the reality, you can have a well-recognized brand that has a market cap that could be higher than all of my prior breaking division banking division. i want to have the control of this entity so the target should be in the range,
good morning, everybody. you are watching the pulse. i m guy johnson. to 20 feetrs fly up high. meet the hover board. this looks like a fun way to spend your summer. ofs, live with the ceo bentley motors. this is a books wagon owned business. we will talk to him about his exposure to russia and how he views the ongoing geopolitical story in relation to his business. talking of which, we have been talking to a number of big bosses this morning who have significant business in russia. ceo.f them is unilever s he says he is committed to the country. caroline hyde joins us. he said earlier this month that a land ofssais asa as opportunity. is that the sent to government this morning? he is not steering away from that. in june, he was meeting with the deputy prime minister saying they were looking at acquisitions over there. they recently bought a makeup company and russia. in russia. they have more than 6000 employees. an .com think. company.glo-dutch is the pressure buil
good morning, everybody. welcome. you re watching the pulse live from bloomberg s european headquarters. i m guy johnson. cementing a deal. holds profits steady as it drives toward a merger. we re live with the company s c.e.o. lots to talk about there. now u.k. s seven lean years finally open. we re going to look at britain s ounce back and its biggest infrastructure project, cross rail. and the data. not that rosy. we saw better p.m.i. data out of germany yesterday. the forecast was 109.4. somehow the your owe reacting? a weakness this morning. let s take a look at the pair. this is euro/dollar. which is coming up any second now. there you go. session lows. definitely down toward the bottom end of the range. ok. let s talk about the corporate news. a lot it today. it has rate some of the biggest stories we have been talking about over the last few days. time for another bloomberg exclusive this morning. shares in europe s biggest airline very much on the up today. opera