New treasury minister act fast to stabilize the beleaguered peso selling dollar reserves at a much well move but can he solve the countrys underlying problems including its massive pile of debts. Also coming up its legal bills are bouncing now german heavyweight fire is selling its Animal Health unit to free up cash. And fasten your seat belts a single to work is getting ready to launch a trial of self driving buses. This is your Business Report im Stephen Beers in berlin thanks for joining us. Argentina welcome the new treasury minister on tuesday and it wasted no time in dealing with the countrys fragile economy Argentinas Central Bank auction 112000000000. 00 u. S. Dollars from its reserves to stop the countrys peso from falling markets welcomed the move but more remains to be done. Its looking increasingly likely that the president ial palace in buenos aires will have a new resident in the near future although the current president maurice cree has just appointed the 4th treasury m
Of migrants aboard a charity ship which had been stranded safe in the early trade wakes of arrived at the italian island of lampedusa its up to provincial authorities determine their vessel wasnt say what the open arms have been repeatedly refused entry by deputy prime ministers salving he says his country has taken enough migrants already. And this trial in court has upheld the conviction of the countrys former top catholic clergyman george pell is serving a 6 year sentence to sexually abusing 2 quiet voice he denies the accusations and is expected to appeal to the countrys highest court. Large areas of venezuelas capital caracas have been hit by another massive power cut disrupting transport there and this while a state Electricity Company says its working on restoring power the countrys repeatedly suffered blackouts with the government blaming sabotage and experts lack of miten and. Argentinas new treasury minister acts fast to stabilize the beleaguered peso selling dollar reserves
Housing affairs will come to order. Thanks to the new deal and the hard work of our regulators today, most Bank Failures of course never a good thing or generally not a big deal but the quick collapses of Silicon Valley bank and Signature Bank were no ordinary failures. In less than a day, Silicon Valley Bank Customers pulled 42 billion dollars out of the bank fueled by Venture Capitalists and their social media accounts. They created the largest and fastest bank run in history in the following days Signature Bank lost 17 billion dollars. Regulators both republicans and democrats came to gather to prevent the panic from spreading. They increase liquidity, they promoted confidence in our Banking System, they protected deposits of customers and Small Businesses not notably the investors the investments of executives and shareholders. I spent that weekend on the phone with ohio Small Businesses and banks and credit unions. While Small Business owners simply wanted to make payroll. They di
Welcome to countdown, i am and edward. Good morning. The fbi is investigating a coordinated computer hacking attack that targeted jpmorgan and for other major financial institutions, according to officials familiar with the matter. It is believed that the hackers were russian and were retaliating against u. S. Sanctions against moscow. They have stolen data. This comes down to proving who possibly attacked jpmorgan and it has not been decided. The trail is muddy. Investigators are considering the possibility that it is cyber criminals from russia or elsewhere in eastern europe. The fbis involved, the National Securities involved. You may recall the u. S. Considered sanctions or not against russia. Could it be that statebacked hackers do they have the sophistication . The sophistication level with which this has happened is a hallmark of a professional. Apparently a Software Flaw allowed hackers to get in and Remote Control computers. It is apparently something that a hacker is not able
Troopers family and colleagues paid respects outside Temple University hospital. Never teed i jacquez joins us with more on what happened this afternoon. Reporter jim, there was a deep sadness outside the hospital as loved ones broke down into tears. This after the trooper was shot in the chest during a training exercise. It was an emotional night as Pennsylvania State troopers were forced to say goodbye to one of their own. Loved ones were there as the body of the trooper was placed into a hearst and escorted by his family in blue. The 26yearold trooper based at the station died during a training exercise. It happened just before 5 00 this evening at the Montgomery County Public Safety Training Campus in conshohocken. Authorities would not tell us how it happened but they said he died after a bullet pierced his chest. Ked rah, who has been a trooper since the summer of 2012, was rushed to Temple University hospital but nothing that doctors could do. Family, friends and colleagues gath