There has been a bit of caution in the market. We are looking at what the Federal Reserve will publish. It is about how cautious they are looking in terms of increasing Interest Rates Going Forward, how far they are pushing that back. What janet yellen has to say. Looking at the bank of japan, pretty much flat. We are looking at european stocks. Lets have a check on oil. So many assets are looking cheaper given that we have seen oil prices in half. We are at 52 99. Once again, issues about supply cuts coming in the united states. U. S. Stockpiles are expected to have risen for a 13th week according to the energy agency. Lets have a look at the impact between shell looking to buy bg group. Similar moves we are feeling with the pound euro as well. The euro lower against the pound. You will see the pound gaining strength against the euro as we see the move happening as the deal was announced at 7 a. M. Also keeping a close eye on the yen after we saw the headline about the bank of japan.
Bloombergs European Headquarters in london. Im anna edwards. Greece cross the first of many hurdles today by paying its obligation to the imf. What is next for the country that is still locked up in talks with creditors over reforms . For more, we are joined by manus cranny in paris at the same event as greeces finance minister, yanis varoufakis. Now that this bill has been paid, will greece make it this month . What is the next crunch time . Hopefully so. There is one billion still to be rolled over next week. There is the 1. 5 billion euros to be paid in pensions. Greece hasnt had any Financial Aid since last august. It has been depleting cash reserves quickly and heavily. Theres not much left in the greek offers. Thats for sure. The republic has been tapping reserves from every source imaginable. There hasnt been a very heavy burden from the payments front. I think that was a technicality. The greek republic will not default on that debt. I think the april 24 meeting of the eurogrou
It is the biggest deal in the oil and gas industry in the last decade. Shell has agreed to buy bg group for 70 billion in cash and stock. That represents a premium of 50 on bgs Closing Price yesterday. Shelves ceo told bloomberg the deal is a bargain. Shells ceo. If you look at the combination of the two Companies Come out we could do with the assets the fantastic assets that bg has with our capabilities applied to them, we saw a lot more value in that combination than the market. Stephanie the combined company would surpass chevron as the worlds secondlargest oil and gas producer after exxon mobil and would be able to get rid of overlapping cost to help offset the impact of Lower Oil Prices. The price of oil could fall another 15 if there is a final agreement on a nuclear deal with iran. That is according to the federal agent federal Energy Information administration. Economic sanctions would be eased and that means iran could make a full return to the global oil market. Over in mosco
Im guy johnson. Francine lacqua is off today. We begin with the mega oil deal. Shell has agreed to buy bg group for around 47 billion pounds around 70 billion in cash and stocks. That makes it the biggest deal in the oil and gas industry for at least a decade. Caroline hyde joins us at the touchscreen. Caroline a cool 47 billion pounds. A cool 50 premium on bgs share price. This is record data in terms of size of move, but if you go back, it is only since july 2014 when we last saw this price on bg group. That was the amount that the oil prices plummeted dragging down the price of oil stocks. Suddenly, everything looks a little bit fairer valued. That is what has capitalized this deal to spark the Biggest Energy deal in a decade. Suddenly, assets look well priced. Creating the secondBiggest Energy company in the world this would be the biggest player in the ftse 100. It will have sheer size and scale. Interestingly, shell saying, we will build a company with three pillars. They are goi
Hello and welcome to countdown. Caroline coming up we will talk about the business of the environment. 43 Major Companies, including hsbc and ikea are called to action over Climate Change. Mark no reprieve for greece. Christine lagardes warning she wouldnt let greeces get a debt payment. Christine lagarde we have never had an advanced economy ask for that kind of thing, delayed payment, and i very much hope that this is not the case with greece. Caroline greece made a payment to the imf earlier this month and must now pay the group 1 billion in may. The company is still locked in talks with its creditors. The finance minister unisphere ficus was insistent that he was willing to compromise, and would stand firm on not towing the red line. Youngest there are factors we know the government that our partners should not wish to impose upon us, not just for our sake but for the global interest. Caroline var this comes as the Government Faces its first protest rally. 4000 protestants defended