Joining me now isjoshua mahony, chief Market Analyst at scope market. Asian markets have suffered their worst day in many years this week, spurred by a sharp sell off in Semiconductor Shares and global market contagion. Whats happened so suddenly . Well, we are coming to The End of a back of week that has been massive for markets. Sadly we solved the Bank Of Japan for markets. Sadly we solved the Bank Ofjapan interest for markets. Sadly we solved the Bank Of Japan interest Rates Decision Catch people off guard, raising Interest Rates. That is the same time that we saw the federal Reserve Planning to cut Interest Rates in september. The markets are fearful after the back of a Manufacturing Survey Yesterday that we saw the collapse, that points towards a rough session coming around the corner, at the same time we see Inflation Pressures building within the manufacturing sector. The stories around the japanese market at the moment firmly planted in the reversal we are seeing in terms of t
Enough power for the equivalent of almost 20 Million homes. Live now to chris wheaton, managing director, 0iland Gas at stifel financial. Thank you very much forjoining us. Explain to us what Gb Energy is. It us. Explain to us what Gb Energy is us. Explain to us what Gb Ener is. ,. ,. ,. , energy is. It is ambitious and that is a great energy is. It is ambitious and that is a great Place Energy is. It is ambitious and that is a great place to energy is. It is ambitious and that is a great place to start. That is a great place to start because the uk has amazing renewable Energy Capacity and needs to make that work for the nation. A key political risk is trying to address of bills spiking like We Saw in 2022 and the practicality of delivering thatis the practicality of delivering that is going to be about changing the Energy Mix in an Energy Transition from the current Fossil Fuel heavy one to one that is far more renewable. That will take a lot of money and that means they need to brin
Citing its own energy needs, but New Delhi has also acknowledged the fact that this Trade Relationship is deeply skewed in favour of russia because out of all the exports and trade, indias exports stood at only about 4 billion. It is the Trade Imbalance prime Minister Modi hopes to correct by this visit and any is hoping to explore more opportunity of exporting other items, ranging from pharmaceuticals to Information Technology and even agriculture. India, just to put it in context, has had age old ties from russia, which dates back to even the Cold War period. Russia has also been the long one of indias primary defence suppliers as well. It is a Relationship India has refused to pivot away from despite criticism from the west, in fact repeatedly india has not openly criticised russia for its war in ukraine and has also abstained from voting against russia at the un as well, so in this visit we are also likely to see New Delhi again trying to walk the tightrope, on the one hand enhanci
not materialised yet. there are also worries about the indebted property sector today, moody s downgraded chinese property giant country garden again the firm faces a crucial vote to avoid defaulting on a bond repayment. earlier i spoke to janet mui who is head of market analysis at rbc brewin dolphin. china is facing a number of problems. it all comes down to the slowdown in the property market. house prices are falling and housing transactions are slowing so that is why the largest developers in the country are suffering. country garden, for example, it was the largest property developer once, but they have suffered a loss of $6.7 billion. it is likely to go into default, it is warning. it adds further pressure on the general sector, the property sector, which affects consumers and the wider economy. this tells us an interesting story and it paints a picture of how china has managed its economy for so long. it has seen growing wealth and the money has been put into the ba
vote to avoid defaulting on a bond repayment. to india now, india s economy grew at its quickest pace in a year in the april june quarter, swelling 7.8%, thanks to strong services activity and robust demand. enviable by many countries standards here in europe. india s economy is predicted to double in size in the next eight years and become the second biggest in the world later this century. our india business correspondent nikhil inamdar reports from mumbai. feeding her family of four, this humble vegetarian meal costs a third more than it did a few months ago. but prices are soaring and the money she brings home as a domestic helper isn t enough. she s now taken on part time work as a seamstress to earn additional income. translation: i am a single earner in the family and we can t save anything any more. everything from food to gasoline costs more, we are very stretched. there isjust no respite in the prices of basic staples in food markets like these, and as the country