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New york oil is hovering around. Nokia is close to a deal to sell to a group of german automakers. Bmw would be the buyers. Stephanie the has been a big shakeup at toshiba over and ask accounting scandal. They will will have to restate earnings for six years. We have the story from hong kong. They announced after the closing bell in japan that they will resign. It is alleged top executives sent set unrealistic profits. A number of other executives will also resign. It you Management Team will be released in august. Toshiba has pledged to correct its earnings by 1. 2 billion. The Share Price Rose 6 . Stephanie they make appliances in nuclear reactors. Nike has given their ceo and award that is almost 10 times higher than what he usually gets. He has been awarded restrictive stock with a value of 30 million bucks. Those are whole of sneakers. Phil knight has endorsed him to ....
Of the year until now, it is an uproar. Anna and we are live in paris at the annual forum, where we speak to the organizations secretary general, angel gurria. Here, on bloomberg. A very warm welcome. I am anna edwards in london. Manus good morning. I am manus cranny, in dubai. The china danger, should be drawn into the moment of calm . What is really going on. Dollaryuan,w you near a five year low, the title of this chart is yuan on the brink. This is january time. That is the fiveyear low. Alone,back 1. 5 in may the biggest loss since the devaluation last year, which was back here when you saw that ratcheting spiked. But this is really the interesting part. The fx reserves in china, they are building a lot, 17 billion in march and april. Are they really that volatile about defending the yuan . Capital outflows are getting less and less. Low,ollaryuan, fiveyear do we just drift that lower on the back of that data . There is many more questions than our answers in terms of manufacturin ....
The earning news, but i thought the italian bank workout was really interesting over the weekend. Quiet, as always, but that will be front and center. It reminds me of how complex the calculation of dilution is. That is what it is about equity shareholders getting crushed. At howe also looking reliable the stress tests are. Lets get to the Bloomberg Business flash. Taylor one Police Officer was killed in a Suicide Attack in baghdad. Authorities say they killed two attackers in a gunbattle. Committing to the triple lot guarantee. Lock the former minister responsible for pensions called it to be scrapped. The backlash is growing over Donald Trumps comments over the parents of a dead Muslim American soldier. T ....
Chief executive says entertainment is key driver in sonys future growth. Heres our top stories. Trading day getting underway in hong kong and china and about 30 minutes. Lumpur,e, taipei, kuala entering the fray. Heres whats happening so far. Decision day. Going into meeting later on this week, not expecting big moves from the governor. We know he is capable. Still some uncertainty when it comes to sentiment in market. Some pressure in terms of expectations. Boj cutting outlook when it comes to japanese exports. Economy outside chance that we could get a move from bank of japan. The nikkei has been swinging all morning. Pretty light volumes in consideration of where we have been. Australia giving back all of the gains from monday session. Down half a percent. New zealand stocks going strong. 12 straight day of gains. In terms of markets, a little bit of weakness from malaysia down 2 10 of a percent. Having said that, singapore stock coming online a little bit stronger. Some of the move ....