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billion of profit during the july to september period. if the results are in line with what analysts are expecting, that would be a drop of around 25% if not more compared to the same period last year. it is important to note that the oil prices are in a very different place than what they were last year. last year they were about 110 to $120 a barrel because of the russian ukrainian war which led to oil prices touching a record high, and that benefited producers like aramco immensely because they could record profits last year. if you look at the last three months oil prices have been $75 a barrel and have gone up in the last month which may provide some kind of cushion and the other factor is that saudi arabia has also cut down oil production in the last five or six months. for saudi arabia, aramco is the most crucial company because it relies heavily on the income generated by the oil they must to run many other parts of its company behemouth. the results are cruc ....
before on wall street and a strong session in asia. if you re going on holiday, what do you do with these things, your pets? would you let someone stay in home for free if they agree to look after your pets for you? we will speak to the man who is trying to make a business from that very idea! we wa nt business from that very idea! we want to know how far would you relocate for work? let us know just use the hashtag bbcbizlive. hello and welcome to business live. yes, do send in your thoughts and your questions about the stories we re covering. including staying in people s homes looking after their pets. in a decade apple has sold more than 1.2 billion iphones and it seems like the world s most valuable company. it doesn t see any end to our enthusaism for one of the 21st century s most revolutionary products. it appeared to dismiss fears of a delay to the expected september release of its latest model as it told us it made $16.1 billion of sales in the three months ....
their trading day. slightly down on their trading day. slightly down on the day and we ll explain why. and we ll be getting the inside track on the surprisingly profitable world of babaysitting and the company that s trying to turn it from a job for students into a global business. we wa nt we want to know today which app could you not live without? let us know. use the hashtag business live. hello and welcome to business live. president zuma of south africa faces a no confidence vote in parliament today and as it s being held in secret there s a real chance that he could be kicked out of office by the end of the day. mr zuma has survived no confidence votes previously but this time the stakes, both political and economic, are much higher. mr zuma has been under constant pressure over everything from corruption allegations to a controversial cabinet reshuffle that saw his widely respected finance minister, pravin gordhan fired. that prompted two of the world s leading c ....
and world business report. weighing the arguments a federal appeals court hears the case for and against president trump s controversial travel ban we talk you through what s at stake. and share markets in india soar on the hopes its central bank will cut interest rates to revive the economy but will it deliver. we ll be live in mumbai for the latest. welcome to world business report. i m sally bundock. also in the programme. growing a new crop? the farmers who put solar panels in their fields. all will be explained. but first: we start with president trump s travel ban which has faced its toughest test yet. a panel of appeals courtjudges hammered away at the government s arguments that the ban was motivated by terrorism fears. but they also asked pointed questions over claims it targeted muslims. the hearing was conducted by phone an unusual step and while no verdict was announced a spokesman for the court said it s likely to come later this week. whatever th ....
in the morthm asian stock markets fall after wall had its worst trading day street had its worst trading day this year. a steady result for new zealand dairy giant viterra. we will hear what their chief executive has to say. fonterra. good morning asia, hello world. it is wednesday. great to have you with us on asia business report. rico hizon. stocks are retreating following us stocks lowering today. here is what they are doing. the nykea is down by 332 points. and the all ordinaries is giving up 75 points, that is 1.3%. us markets had the worst session of 2017. nikkei. it is the us markets had the worst session of 2017. nikkei. it is the first decline of at least 1% since october last year. decline of at least 1% since october last yea r. investors decline of at least 1% since october last year. investors are nervous that donald trump will not lower taxes and push through with the socket layers. i asked market strategist mike mccarthy ifjitters in america would furt ....