World business report. Over a barrel. Can opec fire up the price of oil without fuelling its us shale rivals . Plus no rupee regrets. Indias Finance Minister defends his decision to scrap the countrys most popular banknotes. He tells us why the days of cash in hand are over. Welcome to World Business report. Im sally bundock. Also coming up a record close again on the s p500 how are markets trading in asia . Well be getting the latest from the region. We start with the price of oil. It affects us all and its future direction could be decided later today at a meeting of the worlds top producers. We are talking about opec, the organisation of the Petroleum Exporting countries. Thats the Gulf Countries led by saudi arabia, as well as others including iraq, iran and nigeria. They have been joined by non opec member russia and they are expected to announce a deal later today to try and push Prices Higher. Lets show you the details. In December Opec and non opec countries agreed to cut produ
Markets are trading higher, taking their lead from asia. And i sit down with the man who makes hollywood blockbusters without the hollywood budget. Jason blum tells Me Why Making Movies On The Cheap gives him more freedom to make betterfilms. And as the boss of] crew says he underestimated how technology would revolutionise retail. We want to know how has it tech changed the way you shop . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Do get in touch about your Online Retail shopping experiences. What did you buy in the midnight hour after a Big Night Out . That will be interesting we start with the price of oil and whether that goes up or down will be decided later at a meeting of the worlds top producers. Opec the organisation of the Petroleum Exporting countries is led by saudi arabia, with other major producers including iraq, iran and nigeria. Theyre being joined by non opec members inclduing russia and are expected to announce a deal later to t