But we hear they are still confident on china. I dont see people pulling out of china but i continue to see people putting money into china. G20 leaders warn russian president Vladimir Putin more sanctions could be on the way as they meet in brussels to discuss possible measures. Now to our top story, a quite astonishing story in japan. The gdp number shows a 1 president 6 contraction against the expectation of 2. 2 growth. One of the analysts said theres a big drop as businesses cut back on investing. Key consumption is another weak quarterly factor. Japan is now back in a technical recession following the drop in q2 after the sales tax came through. The latest fall is cementing last weeks rumors of the second tax hike to be delayed and a snap election will be called. Now what does that mean for the markets . The nikkei, sorry, the yen hit a sevenyear low of 117. 06 but they are currently up. 92 . Does this mean we get more easing or have a snap election . Or a sales tax hike is delay
Plan. We see russia as a large, promising market. We wont change our mind. Theres more to be done in this market. And more warning signs out of china, investment, retail and factory data all disappointing in april with data hitting multiyear lows. Youre watching worldwide exchange, bringing you Business News from around the globe. And a warm welcome to tuesdays edition of worldwide exchange. Plenty to come through on the show today. Are you looking forward to it . Happy tuesday. Happy tuesday, everyone. Well get opecs latest report. Retail sales coming out of the u. S. As well. But before all of that we continue to look at m a on the astrazeneca pfizer story. Pfizer making its last push reiterating to uk jobs and r d if the proposed deal goes ahead. The ceos of pfizer and astrazeneca are due to appear before uk lawmakers in london very shortly. The unions make their way starting in 30 minutes time. Then pfizer ceo ian reed is in an an hour after astrazenecas ceo will appear. Katherine
Vetting of all of the facts. And once again expectations that verizon is final bely going to take over the british telecoms phone service. Theres a 60 billion bridge loan. Angela merkel has a debate. Welcome to you. We kick off with the eurozone. The final manufacturing. Its helping to rise in the fastest pace in over two years in august and its the First Time Since mid 2011. The Market Manufacturing purchase plaintiffs index from 50. 4 to 50. 3 in july. It signifies expansion from contraction since february 2012. Were joined for more. What was the take away from this . It was a bit of a flash. It was slightly down from the flash. Its a little bit negative. Again, we shouldnt take away from this number the fact that its a high since 2011. What weve seen the last couple of months, eurozone manufacturer expanding in both of those months. Notice the steps hopefully towards a more sustainable economy. Yes, little steps. It will take some more steps to see if its more meaningful. In the pas
Obviously have an engineering culture. It is what we are living off. And its merger monday in the pharma sector with a deal worth more than 10 billion. And failure awaits the United States if it takes action on syria. Thats the threat from president assad as u. S. Experts are allowed now to visit the site of an alleged chemical attack. Youre watching worldwide exchange, bringing you Business News from around the globe. Hi, everybody. Welcome. You are watching worldwide exchange. Were with you for the next two hours in good company, i hope. Weve got a lot of guests lined up. And on todays show, despite the ongoing success of south koreas export economy, is it time for change . We have a special report in about 15 minutes time on that front. Maverick australian billionaire clyde palmer is running to be the countrys Prime Minister. Can he succeed . Well be hearing from down under at 10 30 cet. This week were also bringing you a whole series of reports on the risks and rewards of investing
Welcome to the start of a Fresh Trading week. Kelly will be back tomorrow. Catalonia voters have handed the majority to the separatists, but not necessarily the ones you thought. Well assess the impact. And investors worry among protests over the egyptian president s attempt to increase his power base. And how much would it cost you to buy all items in the song 12 days of christmas . Pnc Wealth Management will tell us why its a lot more than you might think. Plus shoppers hitting the net today, the years biggest day for online purchases. Well asset how much cash shoppers have left over after black fridays billion dollar be in an sa. Bonanza. We have some confident data out of italy. November Consumer Confidence 84. 8. That is a record low. Weve had protests, as well. Theyre gathering in brussels to try to hammer out a deal on the greek deficit. Prime minister says theyre cle. Politicians are considering a Debt Forgiveness program but could see talso reaching agreement on a framework fo