Expiring ones. The dollar index in weakness, 1200 right now and continues to slide down over the past four weeks. The dollar moving average 200 day the lowest average in recent weeks. Citi says looking at a 30 possibility that gold will get to 2000 an ounce in three to five months. Stocks rebounded yesterday after slumping 5 . China up 1. 3 , turnover has receded from its highest levels since 2015. The hang seng up 1. 6 , biggest increase since july 6. Tencent adding 5 . Alibaba is the one to watch, surging 5 . Ant financial look at where we are in terms of the Southeast Asian markets. China up by 0. 5 . Sti up 0. 7 . Theaad we also have European Union leaders running a policy marathon as there planned two day meeting to pass a massive Recovery Fund. In the u. S. , republicans and democrats are starting to hammer out a budget plan this week. Our policy editor Kathleen Hays is with us. In both cases, agreeing on a we are getting some murmurs of an agreement. We certainly are, and we kno
Galapagos after u. S. Drug maker gilead doubles its stake with a 5. 1 billion investment. And rallies after being awarded 5. 8 billion in damages relating to a joint venture in pakistan and as the race heats up for the next managing director of the imf, the fund hosts an event on central and Eastern Europe. Ill be speaking shortly to the the deputy managing director of the fund well good morning, and happy monday i want to take you to some of the price Market Action that weve had over the last couple of hours or so on friday we had wall street close at record highs, but the news of the last 24 hours has been dominated by the gdp number that came out of china 6. 2 is the figure while some people are pointing to the fact that the gdp trend is the weakest in seven years, one its in line with expectations and fixed Asset Investment stronger than expectations, even retail sales for the month of june in china came in at 9. 8 versus 8. 3 expectations some of the details were a little stronger
holmes. good evening. i m ryan yamamoto. and i m sara donchey. former theranos executive sunny balwani has been convicted on 12 counts of fraud. each wire fraud count carries a maximum sentence of 20 years in prison, and the conspiracy count carries a maximum of five years. sentencing is set for late september. prosecutors say theranos execs knew their technology didn t work, but pressed on, trying to set up many labs in walgreen s pharmacies. i spoke with legal analyst stephen clarke to get his reaction to today s verdict. what s your reaction to today s verdict? well, certainly the balwani team is not very happy with this result, particularly when you look at elizabeth holmes case, and she was portrayed as the mastermind of theranos, and yet she was only found guilty of four counts. but mr. balwani, who said i was just following orders and an investor, got convicted of all charges. this was a very bad outcome for the balwani team. and i think when you look at both of
Serious consequence in terms of the pricing of Country Garden debt but notjust for the company butjust for the sector in general and could create another round of market turbulence. Which we have seen already. I would say that the key thing here is chinas real estate problem is in the crux of other problems currently facing. We have seen rivals defaulting. How significant if Country Garden was to default . Country carden garden was to default . Country garden involves garden was to default . Country garden involves at garden was to default . Country garden involves at least garden was to default . Country garden involves at least 3000 l garden involves at least 3000 existing Housing Projects and a lot of them are in inaudible whereas for Country Garden, they have a lot more. On a brighter note, i would say that perhaps Country Garden seems to be less complicated in terms of structure than ever grand so there is a key risk to worry about but maybe there are also things like the structur
Of russias full scale invasion in feburary of last year, winning praise for negotiations to secure allied weaponry and expanding ukraines army. But as ukraines government has ramped up investigations into corruption, mr reznikov has become the subject of increasing speculation over financial misconduct, though he has not been personally implicated. Meanwhile, on the battlefield, ukrainan generals claim theyve breached russias formidable first line of defences in the south, near zaporizhzhia. General Oleksandr Tarnavskiy told the Observer Newspaper that extensive minefields had blocked troops for several weeks, leaving them vulnerable to russian shelling and drone attacks. But the general claimed that clearing those mines has allowed his forces to advance, saying ukraine expects weaker Russian Defences ahead. Questions over ukraines slow progress on the battlefield remain, but ukraine says its forces are making steady gains in the south of the country, expanding its units in recent week