And south africa today they make up a fifth of the world gdp, and theyre working together. Theyre launching their own development and Rainy Day Fund. Its a major shift in the westernled status quo. They say theyll be responsive to the needs of developing economies but can they overcome their stark differences to Work Together and what does it mean for the United States and their sometimes confine shoes relationships with thescontentis relationships with these nation nations. The historic dimension of our summit can be demonstrated by the importance of the agreements we sign. Head quartered in shanghai, they have a commitment of 100 billion. And its capital will be divided among the five members the first president will be from india. The board of directors will be led by brazil and the africa region Lending Branch will be based in south africa. The bricks bank will be one of the biggest financial agencies in the world. Bricks nations see their bank as counter to what they view as weste
And south africa today they make up a fifth of the world gdp, and theyre working together. Theyre launching their own development and Rainy Day Fund. Its a major shift in the westernled status quo. They say theyll be responsive to the needs of developing economies but can they overcome their stark differences to Work Together and what does it mean for the United States and their sometimes confine shoes relationships with thes contentious elationships with these nation nations. The historic dimension of our summit can be demonstrated by the importance of the agreements we sign. Head quartered in shanghai, they have a commitment of 100 billion. And its capital will be divided among the five members the first president will be from india. The board of directors will be led by brazil and the africa region Lending Branch will be based in south africa. The bricks bank will be one of the biggest financial agencies in the world. Bricks nations see their bank as counter to what they view as wes
And south africa today they make up a fifth of the world gdp, and theyre working together. Theyre launching their own development and Rainy Day Fund. Its a major shift in the westernled status quo. They say theyll be responsive to the needs of developing economies but can they overcome their stark differences to Work Together and what does it mean for the United States and their sometimes confine shoes relationships with thes contentious elationships with these nation nations. The historic dimension of our summit can be demonstrated by the importance of the agreements we sign. Head quartered in shanghai, they have a commitment of 100 billion. And its capital will be divided among the five members the first president will be from india. The board of directors will be led by brazil and the africa region Lending Branch will be based in south africa. The bricks bank will be one of the biggest financial agencies in the world. Bricks nations see their bank as counter to what they view as wes
A global norse developed power. Yes, they will be getting there. And so when they have these enormous come, its usually in china with african nations and beijing. They totally understand each other. They sell their thats where the resources of course, the oil and gas especially, but they get in return highways, electric power connectivity, hybrid off the optics, you name it and Sustainable Development. 6 none of these programs that by the way, not to mention up are gone, which is the militarys ation program. But this program called yardly, which i have to refer to again, because its i tried to call him to explain to people who are not africa or the Obama Administration version of educating the leaders of the future, which is basically Brain Washing young africa into applying neal liberalism to africa. Yeah. Well slate trainable development. Yeah. As you said, it was a bit of a clean slate there and certainly could be big players, you sweep in and in some sense could indoctrinate or cor
The carmaker warning on profits and analysts cutting their price target on the stock. Well start off in the financial sector. Santander posting a drop in nine month profit in its domestic market. Profit for the first nine months, 1. 8 billion euros, down 66 compared to the same period last. 90 of government enforced write downs have now been completed. A sxchlt a thinks it will meet full year targets. Revenues up 1. 3 in the period. Strength in property and casualty insurance. And Credit Suisse is targeting an extra 1 billion extra francs in cost savings after posting a slide in Third Quarter earnings. The ceo has been speaking to carolyn roth and she joins us from zurich. What kind of mood did you find mr. Dugan in . Hes always pretty upbeat, and he always talks business, but thats his job. The numbers for the Third Quarter werent so bad. Yes, on the bottom line, we did see a slight miss because net income only came in at 254 million swiss francs versus expectations of 370 million swi