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
Brexit, round one. As eu leaders gather in malta. Maltas Prime Minister calls for a fair deal for britain, but warns it will pay a price for leaving. Plus, small talk, big money. Snapchat files for a stock market flotation, that could be the biggest tech ipo since facebook. Welcome to World Business report. Im aaron hesslehurst. In a minute well have, World Business report. But first this. We start in the maltese capital, valletta, where eu leaders are gathering for a special summit, two days after the British Parliament voted overwhelmingly to start the process of brexit. Prime minister theresa may will be holding one on one talks with various eu leaders. So, what is she up against . Malta holds the rotating presidency of the eu. Its Prime Minister, joseph muscat, has been clear britain cant have its cake and eat it too. He has told the European Parliament this. We want a fair deal for the United Kingdom. But and its a big but that deal necessarily needs to be inferior to membership.
Brexit round one. As eu leaders gather in malta its Prime Minister calls for a fair deal for britain but warns it will pay a price for leaving. And following the announcement that snapchat will be listing on the us stock market, today we want to know would you buy shares in a company with a limited track record of turning a profit . In fact, it has not made a profit. The value of facebook has tripled since it went public in 2012, but will snapchat be a similar success . Do you snapchat . In the last few hours the social Networking Company has filed documents to float its shares on the new york stock exchange. Its likely to be the biggest ipo in the Technology World since facebook floated in 2012. For those of you who dont use it its kind of the opposite of facebook instead of making a permanent record of your life it lets you send Picture Messages that then disappear. Here are some figures. According to the company 158 Million People use snapchat every day to send Picture Messages oi s
Including the Stock Market Debut of snapchats parent company. The shares jumped more than 40 on their first day of trading. Well, one American School which invested 15,000 in the startup back in 2012, has banked millions, so today we want to know whats the best investment youve ever made. Just use the hashtag bbcbizlive. Welcome to the programme. We begin with advertising. It often serves as an important key early indicator of how well an economy is faring. When advertising is doing well, were buying and selling and economies tend to be growing. The worlds biggest advertising agency, wpp, hasjust published its full year results in the last hour and a half. In a moment well hear from the companys founder and chief executive, sir martin sorrell, but first lets take a look at the numbers. Annual pre tax profits of 2. 3 billion for the group, up 26 on the previous year. The group has reported 2016 like for like net sales up 3. 1 . However, that growth may be about to change as wpp has set