Business report im stephen beards in berlin thanks for watching how seriously are governments taking facebooks plans to launch its cryptocurrency currency libra next year serious enough that finance ministers from 7 leading global economies spent much of wednesday talking about how to rein in the coin they focused on concerns like Money Laundering and Data Security but they also worried about what libra might mean for the global monetary system. The castle north of paris provided grand surroundings for the big discussion of the day arriving in shanty financial leaders said they were determined to ensure the regulator reground was prepared for the arrival of Facebooks Libra the given finance bill g 7 finance ministers and central bankers sitting together here all have grave concerns about facebooks proposals of 7 cells the goal of very carefully checking that all current regulations are being complied with and checking whether the rules need to be changed for the future so that we can e
Used to be a sales hit in the European Union but with new imports due to use market share in the e. U. Is tumbling. I want to get jones welcome to your business and were starting with news from south korea which has just cut its key Interest Rate for the 1st time in 3 years the governor of the bank of korea said he know what the key Interest Rate by a quarter percentage point to 1. 50 the decision came amid a brewing trade conflict with japan over its colonial past on the Korean Peninsula tokyo had put curbs on certain materials that south korean High Tech Companies need to produce smartphones and t. V. Sets. But its also far from plain sailing in japan figures theyre just our show exports dropped 6. 8 percent in june analysts attribute the poor figures to disruption caused by global trade conflicts a slowdown in chinese growth and low Business Confidence the latest sluggish export figures have prompted speculation that the bank of japan could be preparing to introduce new stimulus mea
A surprise today experts thought that this would most likely happen later this year we are learning that Interest Rates will be lowered from 1. 75 to the level of only 1. 5 percent this is the 1st time this is happening after since 3 years that the south Korean Central Bank is making a decision like that and it said that they have to decide to do so in order to help the economy to recover a little bit of growth expectations have been declining there and also the inflation rate is lower than expected it is believed that you g. D. P. Growth of south korea will be only a fall off a level of 2. 2 percent this will be the slowest growth in the country since more than a decade and south korea is just like germany a very export oriented country while this is happening the Monetary Fund the i. M. F. Has warned that global trade is slowing and it is urging countries to avoid further conflicts and weve got a very interesting statement from the i. M. F. Chief economist lets listen in. This years
Are quite a surprise today experts thought that this would most likely happen later this year we are learning that Interest Rates will be lowered from 1. 75 to a level of only 1. 5 percent this is the 1st time this is happening for since 3 years that the south Korean Central Bank is making a decision like that and it said that they have to decide to do so in order to help the economy to recover a little bit of growth expectations have been declining there and also the inflation rate is lower than expected it is believed that it g. D. P. Growth of south korea will be only a fall off a level of 2. 2 percent this will be the slowest growth in the country since more than a decade and south korea is just like germany every export oriented country while this is happening the Monetary Fund the i. M. F. Has one that global trade is slowing and it is urging countries to avoid further conflicts and weve got a very interesting statement from the i. M. F. Chief economist lets listen in. This years
Korea focused. Yeah exactly this Interest Rate cut by south korea has been are quite a surprise today experts thought that this would most likely happen later this year we are learning that Interest Rates will be lowered from 1. 75 to a level of only 1. 5 percent this is the 1st time this is happening for since 3 years that the south Korean Central Bank is making a decision like that and it said that they have to decide to do so in order to help the economy to recover a little bit of growth expectations have been declining there and also the inflation rate is lower than expected it is believed that to g. D. P. Growth of south korea will be only effort of a level of 2. 2 percent this will be the slowest growth in the country since more than a decade and south korea is just like germany every export oriented country while this is happening the Monetary Fund the i. M. F. Has one of global trade is slowing it is urging countries to avoid further conflicts and weve got a very interesting st