Debts are about 700,000. The Trump Administration dabs up its attack on chinese tech. Mike pompeo wants to cut ties well beyond just a campaign against tiktok. Alert on start with an the bloomberg. South korea announcing its surplus widening to 6. 88 billion. This is a recovery from the 2 billion level we saw in the previous month and recovery after logging a deficit in april. When it comes to the trade surplus, widening to 5. 867 billion. We have seen south korean exports slump, slowing in july. We are seeing an economic recovery in china and demand for semiconductors. Lets turn to Sophie Kamaruddin in hong kong for a check of the markets. What should we be watching out for in south korea today . Sophie we have more data coming out. Tourism revenue falling for a fifth consecutive month so the focus will be on the consumer sector. Of o have the likes reporting earnings. Consumer sentiment has rebounded for a third month in south korea and online spending will continue to be key as the
Smartphone sales. Details about the beijing security law. Shery this is quite a reversal from the deficit we saw in the previous month. We had seen south koreas current account falling to deficit for the first time in about one year but the numbers have recovered and we are seeing a rebound with our current account surplus topping 2 million. When it comes to goods, the trade surplus coming in at 2. 5 billion for the month of may. This is quite a recovery given that we had really fallen to the lowest level since 2008. Good trade surplus numbers. A much better than expected number out of south korea when it comes to the current account surplus and also the goods trade surplus for the month of may. Lets see how markets are trading at the moment. We are seeing now nikkei futures unchanged. Same for u. S. Futures. This after we had stocks here in new york jumping following the holiday weekend. We had seen five sessions of gains for the u. S. Now unchanged at the moment. The japanese yen Hol
Importance of bombardier, the importance of bombardier, the importance of bombardier, the importance of those jobs in importance of bombardier, the importance of thosejobs in Northern Ireland, well be doing everything we can to ensure we can see those jobs guaranteed into the future. Thousands evacuate their homes in bali as a volcano continues to smoulder. A seven mile exclusion zone is now in force around mount agung as it threatens to erupt for the first time in more than 50 years. Over the limit Twitter Announces an experiment that lets some tweeters double the size of their posts. Good evening and welcome to bbc news. Labour Leaderjeremy Corbyn has told his party that it stands on the threshold of power, and that it policies are now in the political mainstream. In his speech to the partys annual conference, he mocked the conservatives for what he called their disunity, and on brexit accused them of spending more time arguing with each other than negotiating with the eu. Mr corbyn
Shrink the feds Balance Sheet. David . David were goined by mr. Campbell who covers banks for bloomberg and alice williams. She was a banker for Morgan Stanley and u. B. S. Lets start with the numbers because they broke 15 minutes ago now. Theyre basically up across the board according to estimates and last year. Mr. Campbell thats right. Really what this is about is the expense story. It looks like thats our initial read, noninterest expenses are lower than analysts had expected so bank of america did better on that. Credit cost provisions are ower than analysts expected. Thats a good story. People may have questions on Revenue Growth. Bank of america came up short on Net Interest Income with Interest Rates rising a bit during the quarter. Theres interest there. Bond trade chg was going to be there were a lot of good expectations for bond trading this quarter. Bank of america came in short on that. David focus on the trading because it came in low. As you point out the Fourth Quarter
A japanese hostage. And a smashing success. Apple posts the largest profit in corps history, massive sales of the iphone 6 and surging demand in china. Thanks for joining us everyone. It is 4 00 p. M. In tokyo. Japanese Prime Minister shinzo abe says his government is working together to win the release of isis hostage kenji goto. Isis released a new public of new picture of goto holing a picture of the jordanian pilot captured last month. The message says isis will kill both men in 24 hours unless jordan release a female prisoner convicted in a series of bombings in 2005. We want to bring in will ripley now who is following developments from tokyo. It is a race again time now for japan to convince jordan to cooperate and consider releasing a convicted terrorist in exchange for the two hostages. What progress has likely been made at this snow shower. Reporter we know that all of those discussions continue to happen feverishly behind the scenes. You mentioned it is a race against time.