Failing to complete safety recalls. The carmaker will now be monitored. Welcome, good morning. Im caroline hyde. He has some breaking news from ubs the bank is publishing secondquarter results early. Lets get out to ryan, at the breaking news desk. Ryan 1. 21 billion is the net income, 53 from what they did last year. Thats better than what analysts were expecting. They expected something closer to 900 million, and the reason is private Wealth Management. Sergio armani issued triumphant earnings today, saying he was very pleased with how things were going. They cut costs and obviously revenue is coming in well. Capital rates shows the company staying above target 14. 4 . These numbers came out earnings came out over the weekend in the swiss newspaper and it left a lot of people confused. Ubs this morning said it also misled people and that is why they moved their earnings up. It is kicking off a very busy week for the bank. Caroline thank you very much. More breaking news lets kick it
A little more epic than it is now. There is plenty else going on. The outflow has continued, everyone else is can trying to reenact react. Laws the vietnam vietnamese, you see big things like that, you know things are happening. These are the two things for today. You have china going on, and he said and the fed. They are two big weights. Ways, they said is looking to move policy, and so are the chinese. People feeling that any stimulus would signify a worsening in the economy. The good news is we get Federal Reserve minutes. How much where they worried about chinese stocks then . We did not know how they were responding to the evaluation the valuation. Guy we have a great show. We will be talking about greece. One vote in the netherlands and another in germany, we will run you through those. Lets continue the conversation surrounding the asian market with juliet. Juliet good morning. Ride on the shanghai market. It is down by 2. 9 . Worth lossesn earlier in the session when it looks l
World cup sponsors put pressure on fifa to make radical reforms on accusations of corruption. Referendum psychology, David Cameron asked britain to vote yes if it wants to stay in the european union. The Prime Minister heads to the eu to set out changes he is looking for in the uks relationship. Caroline good morning and welcome to countdown. Im Caroline Hyde. We bring you on the story of how he is bringing you the story. First, finance ministers and central bankers from the g7 nations met in dressed in today for the annual finance summit. Discussions on the Economic Growth and sustainability are on the agenda, but greece is turning out to be the talking point. Hans nichols is addressed and with more great this g7 meeting seems to be shaping up as a blame game. Hans there is going to be blame is there is no deal if there is no deal. They are quite far apart from a deal. Yesterday there was a flood in the market when news of a draft proposal was close. The eu shot that down and the fren