As always we have lots more on our website. But now its time to catch up website. But now its time to catch up with mariko in the Asia Business report. Dodger downsizing. One of the worlds because banks is slashing its workforce by 20 . Digital goals well bring you the highlights of the world cup for robots. Good morning and welcome to this monday addition of Asia Business report alive singapore with me, mariko oi. Lets begin with one of the worlds biggest banks. Deutsche bank has confirmed it will cut 18,000 jobs over three years. It is pa rt 18,000 jobs over three years. It is part of a radical reorganisation of the german lender which is drinking its Investment Banking business. It hasnt said wherejobs its Investment Banking business. It hasnt said where jobs will be lost, but with almost 8000 staff, london is the home of its biggest trading operation. There, our reporter katie austin reports. On a fairly long list of long term problems the german bank had been facing, falling share
Bonds thomas implemented want the most radical Restructuring Plans in its history it involves the new direction for the lender and the axing of housing jobs worldwide. And it was a story that riveted the worlds attention troll boy stuck in a kid in thailand. It was terrifying to think of all that maybe youre going to be darting around and learn things are going to talk with that noise determine up to the opposition forces. We speak to one of the diverse who can see them plus. In sports the video assistant referee is a friend to the usa once again the womens world cup but the americans proved their standing as the best team in the world by beating the netherlands brazil from our correspondent. Father and welcome im good to be with you. Greeces opposition indicating meets attack is one a landslide victory in the country snap election his center right new Democracy Party is on track for an outright majority left wing Prime Minister Alexis Tsipras has conceded defeat surprise oversaw a pun
Decision to move the Central Bank Governor. It could undermine the regulators independence. Diluting the case for cuts. Asian stocks and u. S. Futures fly. Morgan stanley cuts its Global Equities allocation to the lowest in five years on concerns about elevated valuations and profit headwinds. New democracy problems. Greeces centerright party leader takes over as Prime Minister abe and am quite election victory, but will his as Prime Minister after his election victory. I have a strong mandate to deliver on my agenda. Which is an agenda to grow the economy, to create more jobs, but also to make sure that people feel safe again. Manus a warm welcome to bloomberg daybreak europe. Deutsche bank is the most read it has all changed. Read headlines coming through. There is an news ceo. Withp is named as ceo immediate effect. He was brought in to take over from the previous dealmaker. He is the new ceo, effective september 1, part of the longterm Succession Planning. What else can until you .
All change in greece after a snap election, but what are the economic challenges facing the incoming Prime Minister . European markets look like this at the start of a new trading week. We will have the details of all you need to know. And, getting an early taste for business. We meet the former teenage entrepreneur who began selling ice cream at the age of 15 and turned that cash into a pizza chain. Today we want to know, with prom season in full swing in the uk and parents splashing out on their kids for the big day, are we taking this american tradition too far . Should we indulge our children . Let us know just use the bbcbizlive. Welcome to the programme. It was once the worlds biggest Financial Institution. But now Deutsche Bank has confirmed one of the biggest overhauls at an Investment Bank since the aftermath of the financial crisis. Its confirmed that 18,000 jobs are to go over three years as part of a restructuring plan. That will ultimately cost 7. 4 billion euros or 8. 3 b
Lost. Asian markets and investors dial back. But the bank of france governor hints that the ecb could act in its next meeting. We speak about Monetary Policy, we have several governing to come in the next month. And if and when needed, there must be no doubt about our determination to act and our capacity to act. New party wins a resounding victory as Prime Minister tells cnbc hes ready to deliver change. I feel if i have a strong mandate to deliver on my agenda, which is an agenda to grow the economy, to create more jobs but also to make sure that the greek people feel safe again. Hard to swallow. Shares sink after the French Food Company warns sales growth will slow in the Fourth Quarter as the caterer braces for the loss of several north american contracts. Well, good morning, everybody. Our top story today Deutsche Bank shares are trading higher after the german lender announced an overall which describes as, quote, the most fundamental transformation in decades. They will create a