The ting jay y. Lee as investigation into south koreas scandal looks to iden to other conglomerates. Takata surges in tokyo after maker ubled airbag settles on a billion Dollar Settlement in the u. S. And with trade data from china will the implications of presidency be reaching. Examining reaction to at whats ng going on as far as the yuan goes, were still about 29 inutes away from the start of trading here in Hong Kong China a mixed picture when it comes to whats happened so far. Who is ve look at coming online and how they are changing the narrative. Malaysia, all starting their session. Kick off with in thegoing on, currency space given that a dollar is showing weekly loss. Fed chair yellen bolster the case of tightening policy. Traders tell us that funds overnight low to further unwind dollar ong positions and that laernl exporters are seen elling the yuan keeping below the 1,200 yuan level koreafter the bank of held its rate at 1. 25 , as largely expected. We do have gold steady
You are watching the pulse. Im guy johnson. This morning shell was the first Major Oil Producer to post earnings since crude prices fell by more than a half area that has happened over the last six months. Oil is down today with crude below 45 a barrel. Lets bring in mark barton. Mark, lets start with you. I think the line that i took away from the interview was, we enter this period with strength. We knew volatility would came back. We aimed to preserve flexibility. It goes back to what he did a year ago. He said, he wanted to make these hard choices on new projects 15 billion of assets over 2014 and 2015, and slow the investment growth. I just cut to the taste. They missed earnings estimates. They had a horrid quarter. Faltering production, escalating costs, trimming earnings to a fouryear low. I cut to the chase, you missed earnings. Why the gap . It was the sharply Lower Oil Price coming through in our upstream earnings. Our downstream earnings were pretty strong. If i look at the