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Francine welcome to the pulse , l ive in london. Im francine lacqua. Coming up later in the program we speak exclusively to the zalando managing director rubin ritter as his company beat secondquarter sales estimates. Francine after that, we will speak to the rwe chief finance officer. Make sure you stay tuned for both these interviews. Manus a rare briefing has been held in china. As the central bank worst to restore calm following the devaluation of the yuan. Francine the currency experience its worst loss in two decades as the peoples bank of china says it would intervene. The Deputy Governor also in charge of the foreignexchange told the media respects the market, fear the market. He did not mention intervene the market. That is probably what he was thinking in the back of his mind. Manus indeed. And try to get some sort of market context. Class test. Lets talk to mark. Weve seen a little bit of a bounceback. Mark lets start ....
Greek officials have persuaded german light creditors they are serious about delivering the. Guy even though both sides have had their redlines, there was common ground. Lets get to tom. Red lines by necessity are inflexible. But there is common ground. Francine lets go straight to tom in brussels. Theres still a very tight timeline. Do we have a more positive tone . Tom yes. We are looking at the timeline of six weeks. But there has been this rapprochement after the acrimonious meeting they had in riga three weeks ago. The euro group coming out with a statement saying they are seeing positive intent from the greeks. No details on the policies. Though there was a little bit of detail from the european commissioner of economic and financial affairs, who said there had been son movement on vap, some movement on the management of greek revenue. It has given britain space, possible a couple of weeks to the greeks who are being propped up by the ecb. The ecb less likely to strike to tighten ....
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This week's fashion retail people moves: John Lewis, Very Group, Zalando drapersonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from drapersonline.com Daily Mail and Mail on Sunday newspapers.
This week's fashion retail people moves: Clarks, My Wardrobe HQ drapersonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from drapersonline.com Daily Mail and Mail on Sunday newspapers.