And their decision to force him to vacate office he had asked them for reasons for his transgressions but in the end the pressure it appears has proven too great he avoids of course a motion of no confidence plan for parliament on thursday at which it is likely he would have been voted out of office hes avoided that by resigning tonight and we can talk to our correspondent for media miller whos in our bureau in johannesburg listening to all of that for me the it seems for an awfully long time didnt it that he wasnt going to to resign that he was going to submit himself to the rule of the constitution as the supreme law of the land but in the end those extraordinary words i have decided to resign with immediate effect. John i think given the tone of jacob zuma as address it for his ninety percent of the time anyone could be forgiven to think that the president or what is it now the former president was going to stay on we know is a fight and thats really the stance he has taken ultimate
They make a commitment. They find solutions. And start for. Africa the. Story of both people making a difference in shaping their nation. And their continent. W. s new multimedia series for africa. Dot com africa on the move. The. European aviation giant to add us. Twenty seventeen of the groups profit climbed to on record plane deliveries but problems with the a four hundred m. Military program weighs on the overall risk. Also coming up south africa is looking to the future after the end forced resignation of president jakobsen. The focus shifts to rebuilding the economy. Welcome to g. W. Business evil bill it is on the rise now ecommerce still sell less successfully than combustion or diesel engines but the latest global sales figures are promising to spied worries about scarce resources and a lack of charging stations now only two hundred thousand electric cars were on the streets in two thousand and twelve their number of though has more than doubled within a year by twenty fifteen
High. We will get the view from Goldman Sachs. There are record deliveries for airbus. We will speak to the ceos of both companies this morning. Matt remember how inflation scared markets into a massive selloff a couple of weeks ago . Yesterday we got the strongest month over month cpi numbers 12 12 years anders in u. S. Stocks rallied. You saw a spike in treasury yields. Take a look at the 10 year here. You can see just a massive yields. In treasury the yield has gone up, as investors sell the debt. That makes sense if you expect more increases from the federal reserve. The question is, what happened to stocks . Guy i dont think that you or i could even bother to explain. The yen is really strongly bid, so the dollar continues to go down. The strong concerns see currency out of japan does not seem to be bothering the authorities. Kei wask kind nic also trading higher. Is big this morning, gasoline is also. With parsing a bid we are seeing a bid coming through on some of the muscles. W
This is the company we are keeping an eye on. We understand that net income acmcame in better than expected. We are trying to figure out exactly what they do next, but results seem to be pretty good, well ahead of estimates. I am looking at many things, but overall, global stocks are extending declines and we are seeing this risk reversal permeating through a lot of the asset classes. Gold, up a patch. Then, you have the eurodollar at 1. 1841. The topix, in asia, its retreating for a fifth day. Lets get to the bloomberg first word news. Revivingslowdown is fears over a glut in raw materials. The bloomberg Commodity Index extended declines. The fall has been exacerbated by concern that demand will weaken a china bounceback amid a pledge by president xi jinping to focus on the quality of expansion, rather than the pace. Nickel, iron ore dropped. Zimbabwe, mnangawa is stepping down and negotiating for his wife to leave the country. In a televised address, Major General says he will guaran
No more drama. The imf approves greece for 1. 8 billion conditional loan and two years of speculation on whether the fund will join in another rescue. There are 29 minutes until the start of the cash trading, but the futures are managing to reprice everything of u. S. Equities. Pips. Own three the question for markets, we survived the boj, no shock. Mario draghi, destination and persistence procrastination and persistence. We survived both the bank of japan and the open but the politics are back squarely on the agenda as the extension into Donald Trumps Business Affairs runs wider and broader than perhaps we originally anticipated. Trumpt extent do politics the dollar . You go slightly softer in the asia equity session. The Deputy Governor said, you have gone far too ahead of yourself in terms of potential rate cuts. The aussie dollar came back to earth. Deputy governor guide to bob basically said the Deputy Governor basically said the probability of a rate hike in february slips from