Muslim mayor have taken verbal shots at each other. He invited donald trump to london to meet his family and the british public. Global news 24 hours a day, powered by her 2400 journalists in more than 150 news bureaus around the world. Im mark crumpton. Next is bloomberg west. Emily im emily chang in this is bloomberg west. Mr. Cook comes to mumbai. India is on the Apple Studios itinerary for the very first time. Will britain stay or will it go . Microsoft pick sides in the great grexit debate. Company chairman John Thompson joins us to explain. Shares took another dive. But first, to the lead. Apple ceo tim cook set his sights on the massive market potential of india. He kicks off his first visit to the country wednesday. Besides and unconfirmed meeting with the prime minister, hes pushing for opening of his first retail store in the nation and announced an Accelerator Program for ios developers in bangalore. So why now . India is a market too good to ignore. Mobile sales declining o
Fourth day of declines and after the chinese manufacturing guide we saw it continued to drop about 78 u. S. Cents. About four days ago it was about 0. 8 u. S. Cents there. It has dropped quite a bit. Economists and traders believe the r. B. A. Will cut Interest Rates to a fresh record there just 2 . Its priced in about 76 that they will lower benchmarks to the 2 fresh record lows. Analysts say aussie has the potential for a pretty volatile week. Angie . Energy thanks, yvonne. More weakness on the factory floor in china with the p. M. I. Coming in below forecasts. Steven engle crunching the numbers. What does this tell us . Steve worse numbers since 2014 for hsbc. Manufacturing economics p. M. I. 49. 9 expecting 49. 4, so. 5 not a percent but you know what i mean five basis point bees low that. March was 49. 2. New orders, this is a key number within that p. M. I. Declining the most in a year. The official p. M. I. We got on friday showed stable stabilization but still 50. 1 is right th
It is 6 00 in london. It is monday morning. Lets get to the top stories. The crisis in the ukraine is at the top of the agenda for president obama and the leaders of the other g7 countries. Is on the first of his sixday trip through europe and the middle east. He has already arrived and gave an interview to a dutch paper. He repeated his argument and his strategy that there will be incremental sanctions for the russians if they do not return to the International World order. This is the challenge for the summit. They want to make sure that obamas ambition and the scope of the sanctions are in line. The impact would be different. Obama is aware that he needs to bring everybody together. There will be a g7 summits and they will have a single voice coming from both United States, canada, the g7 countries, and the European Union. We saw Prime Minister harper in kiev. Expect that we cannot the russian status quo in crimea. We heard bellicose language and bellicose warnings from a u. S. Gene
Failing the latest stress test, and the biggest was in italy, while spain, france, and italy. Ms. Is a pretty big blow for italy. It is a good bank. Greg yes. 1472. Worst is absolutely the cap the lies. Again, that it is not stringent. Ratios, etc. Yes, the Bank Authority from europe, there was the ecb report that found that 25 banks failed. Failing. T of 24 banks tougher. They have got nine months to fill these gaps, where as we said before, the 25 lenders from the ecb, no french, no german, no Spanish Banks or belgian banks failed. This was a big concern. Now, the comment right asset quality review. This also involves the contraction. Rising unemployment. Ecb president was talking about the asset quality review. And 25 billion euros was found again. There was the 2. 1 billion euros. That is the impact. You mentioned the string in c of these. How stringent were they . You said they may have been more stringent than the previous stress tests. They had really tough stress tests. These a