Corner. Its something we need to navigate through with a steady hand. The Power Grids Division is delivering, now its up to us to make this sustainable Going Forward. Rio in recovery. The commodity bounce back boosts rio tinto earnings as the mining giant raises its dividend and launches a share buyback. And Fourth Quarter sales miss analyst estimates, difficult Market Conditions are seen in the russian and eastern markets. Well speak to carlsbergs ceo in an hours time, 11 00 a. M. Cet. Hi everybody. Good morning. Glad youre with us on street signs. Just want to get you up to date on whats taking place out of india. The rbi keeping Interest Rates unchanged at 6. 25 . They state uncertainty surrounds the u. S. Economic policies at the moment and that changes theyre changing their stance from neutral to accommodative. 5. 75 , and Growth Prospects for the developing economy is improving. A lot of people are saying the upside in india could be more when looking at some of the emerging Mark
Anna a warm welcome to bloomberg daybreak europe. Im anna edwards. Manus breaking news, where in the middle of the earnings season. Anna lets go with the french banking sector. Societe generale, coming in above the estimate of 315 million. The other big strategic announcement in the headlines, the plan for an ipo of its car leasing business. The numbers coming in ahead of estimates. And carting including the sale of a croatian unit. Record low Interest Rates. Tougher capital rules. Ofaging to make the most improvements in the french Consumer Banking business that they operate. Iny plan to offer shares their auto Leasing Division this year. We will be bringing you further comments from our conversation with the deputy ceo throughout the day. Worked that coming up shortly. Manus we just had a red headline on commerzbank. ,his will be good news fourthquarter net income, the market had penciled in 173. ,his is the buffer of capital 12. 3 . Provisions for loan losses coming in at 290 millio
Today we want to know when does tech get too intrusive . Send it to us using this hashtag. Welcome to the programme. Another day, another world leader arriving to meet President Trump at the white house today its the turn of canadas Prime MinisterJustin Trudeau. He differs in opinion from his host on a variety of issues so just how important is canadas relationship with the United States . Heir countries share one of the biggest Trading Relationships in the world. In 2015, some 662. 7bn worth of goods and services flowed across the almost 9,000km border. But that works in the United States favour at the moment to the tune of 12. 1bn because whilst canada sells more goods to the us than the other way round, america more than makes up for it when it comes to the services sector. The value of the relationship has seen massive growth since 1994 when the North America Free Trade Agreement signed by president clinton came into force. But during his campaign mr tump said nafta was the worst t
Im wilfred frost along with seema mody. Good morning. Happy valentines day. I wore a red tie. What is this . My personality will shine today, how about that . Always does. But still, you could have given me a little bit of valentines day love. Great to have you with us. Lets check in on the Global Market action. Futures at this hour following another record breaking day for all of the manger indices yesterday not just hitting record highs, some momentum building, five positive sessions in a row for the dow and the nasdaq. Three in a row for the s p and the nasdaq, three in a row for the dow. It is broad as well. Yesterday 10 out of 11 sectors were positive, led higher by financials, telcos was the only sector in the red. The kb bank sector has had three Straight Days of gains. At its highest point since september of 2008, which is impressive on one side and astonishing on the other to remind us how much banks had underperformed until fairly recently on a longterm time frame like that.
Of light coming through. Very, very Good Progress on our legacy. 30 reduction on the bad bank. Going back three years, 50 of our capital was tied up to legacy assets, today thats down to 20 , a very, very good performance from the core bank. Vivendi shares sink to the bottom of the stoxx 600 on a report milan prosecutors have opened an investigation into Vincent Bollore over charges of market manipulation in the mediaset stake. China hits back after President Trump brands beijing the grand champions of currency manipulation just hours after treasury secretary Steve Mnuchin tells cnbc he is not making any snap judgments on beijing. We have a process with treasury where we go through and look at currency manipulation across the board. Well go through that process. Well do that as we have in the past. Were not making any judgments until we continue that process. Welcome. Kind of like that. Good morning and welcome, gelcome. Our European Equity markets this morning, maybe a bit of a guac b