Its quest to gain acceptance. The exchange goes down. Bankruptcy could follow. Ukraine delays forming a new government until thursday. The currency slumps towards record lows. Investors worry about the conditions of an imf bailout. It could include plans for devaluation. Italys Prime Minister wins his first confidence vote, but by just eight seats. He promises swift action to reform the economy which could including an institutional change. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. All right. A warm welcome to cheese day on worldwide exchange. Good to have you back. Nice to be back. A lot has been going on while ive been away. One or two things. The government is in trouble. Yeah. Governments being and the equity markets rally. Still to come, were going to be back in barcelona at the world mobile conference with two big interviews. Well chic to shazam about warner music. Plus, the ceo of viber speaks just weeks after being acquired by japans rekuo on tin and for much less by what facebook paid for whatsapp. Addressing the mobile World Congress in barcelona last night, Facebooks Mark Zuckerberg said he snapped up a bargain in whatsapp. I think by itself is worth 19 billion. There are very few services that reach a billion people in the world who are all incredibly valuable. Its extraordinary. Incredibly valuable. I dont know. Because theres also that its just a messaging services. I can do free Texting Service on my mobile phone. My view is what a shame he didnt think to buy viber a week before because then he could have paid 3 each 42. 42 for whatsapp. And the difference in users is 300 million to 450 in whatsapp. I cannot wait to speak to vibers ceo and he what he thinks about this. Do you think hes feeling a bit poor . I think he sold himself short. Plenty more to come. Lets get our views on whats going on in the ukraine. Parliament has delayed forming a new government until thursday, this according to the speaker of the parliament. As a result investors worry about the conditions of an imf bailout. Reports suggest it could issue demands for a currency devaluation. Russia has been stepping up its criticism of ukraines new leadership. Thats why ukraines interim president has decided to form a fresh government. This as the countrys finance ministry warns it will need 35 billion in aid over the next two years. Cnbcs Michelle Caruso cabrera is joining us now on the phone. Michelle, it seems we saw over the weekend highlighted the concerns about corruption, about wealth generation at the heart of the government. Do you think people in the ukraine believe the next government is going to be any different . That remains to be seen. So many of the former leaders are the former leaders who were being pushed forward to lead this new government. Were hearing complaints will arent enough fresh new faces. Let me tell you more about the scene here at the president ial palace. I actually havent physically seen the palace yet because ive been walking for 20 minutes past the guest house, past the garage with the 120 cars, past the ostrich farm, which is not a zoo. The ostrich farm because mr. Yanukovych liked to eat ostrich meat. Now were on the back approaching the palace. We were guided by an investigative journalist who are looking through these more than 10 on 0 threering binders that they found at the bottom of the lake on the territory here. And theyve been systemically pulling them apart very gently, page by page. Theyre wet and very fragile. Theyve been putting them on the floor of the sauna of the guest house. They say they dry in about 30 minutes. Then theyve been photographing them and putting them on a website called yanukovychleaks. Org. And already they say theyve found evidence that will show bribery, laundering of money into secret accounts, etcetera. The journalists say theyre very gratified to by looking through this stuff because they felt this was quite possibly going on, but they never had any proof. Were getting closer to the palace now. It looks absolutely grand. I know a lot of on photos have been out there and video, as well. But we are surrounded by hundreds of ukrainians who are here as tourists. The traffic to get here is enormous because they just cant believe. They had no idea that this place existed. Guys. Michelle, thank you so much for that incredible, incredible scenes there. Well catch up with michelle later on in the show. Martin yen joins us now. Martin, if we look at the situation in ukraine, if we look at ukrainian assets, we have the stock market up more than 25 in the last few days, do you think some of this optimism that were seeing here is justified or should investors be more cautious . Compared to last week, the situation looks better. That some hope of the solution to the crisis. But, of course, a lot still has to happen. There has to be between russia and the European Union and the imf has to get involved. And the economy is still very weak. So theres a lot of question marks, a lot of risks. I guess compared to last week, things look better. Martin, you know, there are issues here and the biggest problem is separatism and whether the country splits in two. What other risks of ukraine overspilling . What are the risks for emerging markets in the neighborhood . Well, the big riske would be if russia gets involved or more aggressively, diplomatically. I mean, the role of russia is very important here. At some point, the russian market could be affected. Thats the thing that russia does in the ukraine. They put the relationship with the west at risk, these kind of developments could make the market in russia suffer. At the same time, i guess the other neighbors to the west, they could suffer through trades flows, but the particularly because of portfolio flows, still positioned in ukraine, for instance. If there would be a default or people have to sell at this stage, that could mean that theres no outflows for money markets. There is some risk, but at the same time, this ukraine crisis has been there for a while. So not really a shock effect any more, so likely for the coming weeks and months. What about the risk of devaluation . Theres a risk that if we get an imf program, it means big devalation of the currency. Do you go along with that . Yeah. Its one of the most vulnerable currencies in the world, no prospects for growth, Political Risk, of course, very high. So, yeah, the currency could be devalued. Probably as part of an imf package, there might be the demand to let the currency go just to give the economy some air. And a weaker currency could put pressure on other emerging currencies, but it depends very much on the environment where we would be in at that point. Currently compared to a few weeks ago, the emerging market environment is a bit calmer. So maybe the markets could handle this a bit better. Martin, on that point about emerging markets being calmer, across the world weve got issues in ukraine, venezuela, perus government is under pressure last night. The Egyptian Government yesterday resigning. Why aept actually are markets so calm and is this a signal to investors that this is time to get into it and dip your toes back into emerging markets here . Yes, it is a question. I struggle believing markets are so calm. There are a lot of problems. Theres Political Risk in a growing group of countries. Economic growth is still deteriorating. Increasing concerns about china, which i think in the end is the biggest risk for emerging markets. So all in all, emerging markets look like that. This is how it goes. There has been a steep correction in the proceeding quarter. At some point, valuations are attractive enough, at least, for markets to stabilize. But for the coming months, its good. So i would certainly not say that this relatively calm is a reason to start buying. So the message there is not yet. Martin young, thank you so much for ing investigate management. Now, mateo renzi wins a confidence vote in a session lasting over ten hours. He said the economic change would be real, concrete and immediate. The action, though, from senators was mixed. Translator we will see. There are a lot of discussions. But the most relevant issue is that renzi didnt refer to financial cover to fund all of his beautiful ideas. We could share in this renovation for a more constructive opposition. Its not just the composition of the government and the blatant lack of experience and the lack of technocrats, but what we saw yesterday, eight votes he got for the on majority, four less than Prime Minister letta. The coverage is suggesting. 6 3 decliners versus advancers. The ftse yesterday just some 54 points shy of the alltime high. Lower today, down 34 points. 90 points away from that. Xetra dax is down 0. 3 . The cac 40 down 0. 5 and the ftse mib is currently off 0. 3 , as well. The s p last night closing a point off that. We had that interday record high, of course. Take a look and break this down with some of the individual stories were looking at this morning. And where we stand with bond markets. 2. 73 is where we stand. Were, of course, looking ahead to yellens testimony on thursday, as well. Yields in italy, a little higher. Still down near those early 2006 levels, as well. On the currency markets, 102. 82 on fridays threeweek high. 1. 3773 is the high for euro dollar since the 2nd of january, were just below that at the moment, 1. 3751. And sterling, still off relative highs. That is where we stand in european trade. Sixuan has the update out of singapore. Thank you, ross. Look at china markets. They underperformed at the pboc off by about 16 billion ifo agreement to drain liquidity from the markets. Now its expecting the central bank to drain energy from the yen. 49 of them are listed on the tech sent rick china. First about 80 last year and 19 yeartodate with an average p e ratio at 70 times. Meanwhile, the hang seng index in hong kong lost ground in late trade, down by 0. 3 . Heavyweight hsbc accounts for 15 of the total market cap fell 2. 7 after an earnings miss. Seoul shares climbed up 0. 8 . Australia ended marginally lower than Indias Sensex. Action is trading higher by a modest 0. 2 . As with some individual performers, softbank shares jumped to the highest level in the month on a report that the company is seeking to buy a stake in limecorp, which is a mobile messaging service controlled by south koreas neighbor. Neighbors surged over 7 in south korea. Profit in place was not the worst performing stocks in china, but they remained as a major concern among investors and that may impose more curbs. Industrial bank confirmed late yesterday that it had halted financing for the real estate counters pending profit related loans that are likely to come out by the end of march. So on well be keeping watch on that front. Back to you. Sixuan, thank you. Catch you later. Set to come on the show, 90 billion. How much could that raise . The ceo told cnbc exclusively, next. [ male announcer ] these days, a Small Business can save by sharing. Like carpools. Polly wants to know if we can pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seating. Oh, its great. Yeah. [ male announcer ] the best thing to share . A data plan. New at t mobile share value plans for business. Our best value plans ever. For example, you can get 10 gigs of data to share. And 5 lines would be 175 a month. Plus you can add a line anytime for 15 a month. Sharings never been better for business. Now, the website of the Bitcoin Exchange appears to have been taken down today, raising speculation of a possible bankruptcy filing. Earlier this month, mt. Gox, the best known Bitcoin Trading marketplace halted withdraws after detecting what it called unusual activity. On sunday, the ceo resigned from the Bitcoin Foundation and industry advocate. Several other Bitcoin Exchanges have released joint statements. Theres an alert today cautioning investors on trading bitcoins site if theyre having trouble redeeming their Digital Currency. Jumping into china head first on the social network in simplified chinese as it looks to expand in the countrys biggest internet population. Until now, the site was only in english. Linkedin does acknowledge the issues. It will be required to revise the content. Unlike facebook and twitter, linkedin has always been allowed to operate within china. Look at how linkedin shares are trading up over 2 in the trading today, outperforming the German Markets in the last few months down just over 7 . And facebooks ceo Mark Zuckerberg defended his purchase of whatsapp in barcelona. He says whatsapp is worth more than the 16 billion that the social network site actually paid. He suggests it has the ability to generate revenue. You can look at other messaging apps out there that already are monetizing at a level of 2 to 3 per person with pretty early efforts. I think that shows if we can do a pretty good job of helping whatsapp to grow, this will be a huge business. So even just independently, i think its quite a good bet. Were joined now by Louisa Bojesen exclusively from barcelona. Louisa, did he have pound signs in his eyes based on this valuation . He indicated that he would have pound signs in his eyes if we were to see a very large offer made for the snabt messaging system that blackberry has. But well have that interview in a bit. But i want to recap where weve been with blackberry over the last couple of years. Because just taking you back just a couple of years, they were the pioneers in the smartphone industry. Remember when they came out with their initial model, how everybody suddenly had it once they hit that enterprise market. They did very well in doing that. They incorporated the bbm, the blackberry messaging system into the hand set device. Suddenly you saw this switchover into all the teenagers suddenly wanted a part of being able to instant message each other and not pay for it. So they made those inroads, texting became a thing of the past and since then, its gone downhill for them because as samsung took market share, apple took on market share before that, they lost grouped, they had to get through a big restructuring phase, as well. Changes to management and now theyre dealing with losses of some very big contracts, very recently tmobile angering blackberry, one of their partners came out offering the iphone excuse me, offering blackberry users to upgrade to an iphone for free. Blackberry denied knowledge about that. Theyre very anchored. But lets listen in to what john chen, the ceo of blackberry, had to say to me earlier today when i asked him about what his initial thoughts were to the Facebook Whatsapp deal. I thought it was a big price. Thats all i thought. How do you value Something Like blackberry messenger . Looking at the valuations, when you take whatsapp valuation, based on that, Blackberry Services will be worth 3 million to 4 million. When you take vibers valuation, it would be worth 686 million. Theres a big gap at how we look at instant messaging. Well, yeah. I dont look at it that way. I know theres a lot of value. This is all very much innovative about enterprise solutions. I think the right thing to do is just to sxan, as big as possible, and then i worry about a value agdz later. Years ago, blackberry was known as such a pioneer in the industry and since then it lost some ground to apple, some of the other players, as well. We saw some softer sales, we saw turn around from within the company. You came on board, 40 of the workforce was told that they had to leave, unfortunately. What is your strategy now . Where are you focusing . First of all, i came on board the 40 leaving. But the shortterm strategy is to reach back to the customer, make sure they understand our strategy, what we offer. We make money. Generally cash. And invest in all the businesses like we talk about. We have a messaging business, server business, we have qnx which has been embedded. So those are all important areas to invest in. And i think growth will come from this. What do you think it takes to really follow through with a successful turn around like the blackberry story . Whats key . Well, the key is the customer. The key is the customer, we engage back, applying the technology, using the technology and, therefore, you could have a profitable business and you could invest in future innovation. Theres no secret in this. If someone came to you now offering money for bbbm, for the messenger service, would you sell . Well, i mean, i work with the shareholders. Standard answer, right . It depends how much. If somebody comes to me about 19 billion, i would sell it. I mean, i would republic to the board to take it. But it kind of depends on what it is. Sotd blackberry ceo there said if offered 19 billion, i would take it to shareholders and recommend it. What the viber ceo might say . That happened recently, the japanese Shopping Network channel taking over viber, instant messaging Systems Group and were going to be speaking to the ceo of viber, talmon marco. Thats happened in around 15 minutes time. I will ask him whether or not that deal would make a difference with them because they were only paid 900 million to sell their group, only, quote unquote, right . Thats still a lot of money, but compared to 19 billion, well, theres a difference, right . Well also be speaking a little later on to the ceo of shazam. This is an interesting one. I dont know if you can pick it up, but im hearing 10 million different techo songs standing here. With shazam, ill be able to identify what that music is by holding up my phone and letting it analyze the music. Now its thought the Music Industry is getting much more involved because you can identify hits apparently by seeing what it is that they listen to, which mooufk it is that they like. So well be back in about 15 minutes time and talk more about viber and instant messaging arena as we see it now, guys. While youre there, louisa, viber got, what, three bucks perusers, whatsapp got about 42 bucks peruser. Why dont you see what your twitter followers are worth. You know what . Thats a really, really good idea. Except twitter hasnt been working for me while im here. Yeah, you cant get a signal because theres too many phones. I know. I know.