Certainly in terms of agriculture. Tech giants dominate the earnings season in the u. S. Apple gets a boost in strong iphone demand in china. Now europes space agency recommends all nights to israel be canceled following news of canceled flights in the u. S. , as a rocket lands close to tel avivs airport. Your watching worldwide exchange, bringing you Business News from around the globe. A warm welcome to this edition of worldwide exchange. The Federal Reserve bank of new york has accused Deutsche Bank, the u. S. Operations, of inaccurate and unreliable reporting. Thats according to the wall street journal. They reportedly said the bank, quote, requires wide ranging remedial action and has made no progress fixing previously identified problems, including shoddy reporting and weak technology. Shares this morning under pressure as you can see actually, thats gsk were showing you, Deutsche Bank earlier in the session down about 3 , but gaining back some of the losses this morning, too. David enrich will be joining us later in the showed and well discuss that. Lots of earnings news out from europe today. Disappointing figures out from abb. The firm missed expectations with net profit falling by 17 in the period. The engineering giant blamed a continued weak performance in its loss making power unit which it says would weigh on earnings in the current quarter. Dutch painter axa mobile was boosted by Decorative Paints business in europe and in asia. Resolute cost cutting helped boost the bottom line. Akzo says its on track to hit targets, higher today by 3. 9 . A Strong Performance in rail units help alstom. General electric snapped up that power unit for mon than 12 billion euros. The firm seas it sees Revenue Growth but stopped short of providing full year guidance. And syngenta blamed bad weather for a drops in sales in north america. The agricultural productsmaker reaffirmed its full year sales target saying emerging markets in america in particular, in fact, will help accelerate growth. Carolin roth has been speaking to syngenta about those numbers. Well get out to her live in about ten minutes time. Access africa, find out why ratings agencies are starting to consider ethiopia a investment destination. Were joined by a guest who has a market share warning for the connegligent. And iphone shares helps apples earnings for its to launch its much anticipated smartwatch. Plus, the price was not right. Find out how close google came to acquiring spotify. Now, a train carrying many of the victims of malaysian flight mh17 arrived in the city as they made their way back to the netherlands. Five cars containing 200 body bags reached the ary agreed to deliver the bodies to the netherlands. U. S. Intelligence officials found no evidence of russias direct involvement after eu Foreign Ministers failed to deliver more sanctions to moscow. Several ministers called for an arms embargo. France took back its criticism with its plans to go ahead and provide warships to russia. Translator the english in particular were very, lets say, cute about this commerce saying we would never have done anything like that. What i replied to them was that the same principals existed for everyone. I said to our dear british friends, lets talk about the financial sector. I am led to believe there are few russian oligarchs in london. The uk has approached tens of millions of arms exports to russia. Joining us on the phone is pola polands foreign minister. We agreed to discuss the possibly of sanctions Going Forward. One could probably see that we could implement them right now because it seems like we make lots of threats with very little followup. I think the probability is quite high. The reason we didnt take the formal decision yesterday is because this is something reserved for the European Council and the heads of government. But the European Commission has a ready paper of targeted sanctions in the fields of all the ones you mentioned, just to say access to capital markets, defense exports and sensitive technologies, including in the energy field. And if the diplomates in brussels get the right instructions from their capital cities, it could be introduced as early as thursday. The problem is that right now, if you look at the financial markets, they dont believe were going to see stringent requirements or sanctions from europe right now. I dont believe necessarily putin believes were going to do that, too. Could we say here that the events of the last few days in mh17 could have been avoided if europe had acted sooner . Well, they could have been avoided if russia failed heeded our warnings and stopped the supplies of increasingly sophisticated and heavy weapons to the separatists who are actually coordinated by russian citizens. So the underlying cause of what happens is russias stealth annexation of Eastern Ukraine. And as you call it, the stealth annexation of Eastern Ukraine, why do fresh sanctions stop this if they previously havent made a difference . The costs in crimea are considerable. We think above 30 billion over five years. Eastern ukraine is three times bigg bigger. If those areas are under sanctions and we declare the peoples republic a terrorist entity and if russias borrowing costs rise, then hopefully president putin will make new calculations. Ambassador to the uk told me yesterday that putin is still supplying weapons to the rebels. Weve got france looking to provide warships to russia. Reports this morning that the uk hasnt stopped providing arms to russia, too, given the focus David Cameron has given on pushing for tougher sangs here, he comes out looking like a bit of a hypocrite, doesnt he . The machine of government always needs some time for decisions taken in the past. But make no mistake, the impassioned plea by the dutch or foreign minister yesterday, the reaction of Public Opinion to the inhumane handling of the crash site, the bodies of the victims and the relation that what russia is doing in Eastern Ukraine can affect everyone, has produced a change in attitudes and i think we will see practical effects. A change in attitudes even from the french who said this morning if we had some kind of embargo from them, it would hurt french more than moscow. Well, france does have a problem. The Current French president inherited this contract from its pred set sesser. And i understand its consolation would be very expensive. But there are things france can do to show that its committed to stopping the russian metalling in Eastern Ukraine. Dwr we recently spoke to the polish Prime Minister saying that he was very embarrassed after a recording. I wonder whether youre similarly embarrassed by what happened there or do you stand by your metric particularly what weve seen in the last few days, a worthless relationship . Im not grateful to you for raising an illegal recording of a private conversation. Im not sure you would like your private conversations to be broadcast to the world. But yes, we are certainty that our major allies have put forces in our region to back up the treaty guarantees with the ability to actually deliver on them. We want more of america in our country. Thank you for joining us today. The markets have been accused of being too flippant on geopolitical tensions. However, our next guest says it represents only a fraction of economic growth. He also says moscow will look to avoid sanctions. Joining us now from jpmorgan. Putin has made comments about how hes trying to work towards negotiations, for the further escalation of violence. And i think as you mentioned in your piece earlier, the market dont believe those sanctions actually come, especially from europe, coming off your nose to spite your face. Especially in a economy thats so fragile at the moment. These are the considerations i think markets are putting on it and saying whats the possibility . Whats the probability . The possibility of sanctions being very, very strong is quite low. Were still not talking about iran sanctions as far as arms are concerned, as far as energy is concerned. The technology of energy. Yeah. Theres always a very, very high end. Until you see something thats going to either drive a huge risk, energy inflows to europe, thats why its been nipent. As we said right now, Central Bank Policy is still the key features investors are focusing on right now. Yesterday, inflapgz numbers in the u. S. , as far as the fed in particular is concerned, a benign or at least more benign reading there. A sigh of relief. Another reason why youre not seeing markets react. You had Central Banks pushing out money which is reducing volatility. For me, the biggest risk in the market is technology, pricing in exactly how the u. S. Will react, the fact that theyre forecast to what they think up employment rates and what they think growth is going to be, a little out of sink with where the economy is going. Weve heard janet yellen say shes concerned about the equity market and the clear market. And theyre going to remain quite dovish for a long time. And thats my risk. I think the data will change and similarly in a situation where theyre supposed to raise rates. It hasnt been device and anytime you see a normalization of that policy, debt can create policy in the markets. Is it a pot shot that some of the smart shots in the biotech firms, weve got small caps seemingly under a bit of more pressure yesterday. An underlying message there about where we are concerned with the recovery or yeah. I think its the mid point in the recovery. I think the pressure in the market is now functional and investors enjoyed so much since 2009 in equities. Overall, were looking and saying, is this going to continue . Should i be worried about valuations . Is it going to be a large correction . In between the rise a bit more, excuse me, as youre seeing it remain in place at least for the next 12 months. I think earnings in europe will be key for the European Market this year. I think after many, many quarters, they havent materialized. And so far, its looking like there were supplies in the upside and support markets, provide for the market and help it go higher. Its the key quarter. This is the moment. Anyway, great to have you on. Thank you. Its a weaker start to the seption this morning. Right now were seeing 6 4, greens to the red. You can see the ftse 100 relatively unchanged right now. German and french markets gaining between 0. 4 and 0. 3 . Were seeing this bounceback in the micex indegs, up 0. 5 . As you heard from the polish foreign minister, not sure were seeing the kind of concerns we should be seeing in the markets. What this is doing is giving a bid to the dollar right now. Thats taking the euro dollar down to eightmonth lows. Mario draghi will be smiling on this level right now. 1. 3466. The cpi readings this morning, taking some of the optimism out, 0. 5 quarter on quarter. Ill point out sterling, too, some of the loans taken out of this. 1. 708 at the moment. It will be easy to see some of the language of the cdc as far as the slack in the economy. Thats europe. Lets check in on asia. Sri. What can you tell us . Hi there, julia. We saw another record for the s p 500 overnight, despite all the geopolitical turmoil that weve been seeing. But youre right right, the market seems to be relatively complacent. We are looking at the resilience in the markets here, easily constructed, especially in the Greater China market. The jakarta markets are one of the highlights for you. We are, i must Say Something have most problems. They havent been updated. The jakarta composite was up on the election. Jokowi was the outright winner of the poll. What we know now is that his main component, the ex special forces general for boa, is going to the Constitutional Court to challenge that election result allegation i allegationing wide pred numbers. Israeli Prime MinisterBenjamin Netanyahu has asked john kerry to help restore commercial flights to israel after the federal Aviation Administration issued a 24hour ban to carriers. The faa was respond to go a market strike about a mile from airports. The safety agency, the esra, says it strongly recommends airlines should Begin Operating from and to tel aviv. If we look at the situation, we have the Justice Minister saying the ceasefire is not near. I just wonder what else israel can do at this stage to try and bring hamas to the table. Unfortunately, the only way to increase that right now is by increasing their warfare. Israel is party to the negotiations secretary of state here, the secretary general of the united nations, everyone is trying to narrow the differences between hamas and israel. But if anything, the statements of hamas and israel show if anything theyre growing apart. Israel believes that it needs to stop, and i said this repeatedly. Israel believes it needs to destroy the Tunnel Network which has shown itself to be slightly strategic to israel. Those secret tunnels built by hamas that lead into israel in order to attack israel from the rear. What theyre seeing with these airlines, the Foreign Airlines canceling their flights to israel for at least 24 hours is that the rocket threat is a threat that needs to be finished with altogether before a real ceasefire can take hold, too. If anything, israels threat is now expanding, needing to destroy those rockets. The Worlds Largest crop chemicalmaker takes a hit from bad weather stateside, but could syngenta faes further woes from russia . Having the cloud allows us to rapid prototype a lot of ideas. Being able to pay as we go was crucial for a start up. Having to fork out a lot of money up front was risky. You can launch a feature really quick, and if the feature doesnt work, we havent lost anything and we can have something up and running in days. And this would not be possible without the cloud. We are now supporting over 25 million users each month. Ideas can be tried and tried again on the ibm cloud. The ibm cloud is the cloud for business. Syngenta is on track to hit its full year sales target, despite a prot from the back of poor weather stateside. Carolin is in basul speaking to the ceo. I guess theres some currency headwinds into play here, too. I want to ask you about cis in particular because thats strategically important for them, also, isnt it . It is. The cif region, which includes ukraine and russia, this is the companys Third Largest territory after the u. S. And brazil. Yes, they have seen some significant fx headwinds for the likes of ukraine. But they have been able to off set that with pricing and this is why, in part, shares are trading higher today, slightly outperforming the rest of the market. Not just in ukraine, they were able to offset some of the weakness in pricing, but also in other parts of the world. This is one of the key take aways from Goldman Sachs this morning. But coming back to russia, the ceo of the company, mike mac, thats his name, he found a certain message about russia. Russia, cis is after the United States and after brazil is the Third Largest territory. But not small at all. Not small at all. Were headed for 850 million and a lot of countries all around the world. Its important territory and it has some good leadership position and a number of those cropses and were calling for stability, if not political certainly in terms of agricultural. Talks were called off about acquiring your company according to rumor. What part of that can you confirm . There has been talk about industry consolidation every year several times a year since 2000 when the last deal was done. This deal, industry consolidation, here we are. Were going to go and talk with the analysts. In there, we have a particular chart that shows the growth of the dividend over the past year. 17 comp on annual growth. The cash is coming back to shareholders just as we said it would. And its coming in the form of a dividend. The track record speaks volumes about putting our money where our mouth is been. There you go. The ceo on the speculation pretty mum. That bid would have valued syngenta at about 40 billion. In terms of the outlook rt fo rest of the year, that is looking better. Now the focus is shifting back to north america. Theyre expecting to win back the market share and continue with positive pricing. That is why syngenta was able to confirm the guidance for the full year and thats pleasing investors this morning. Jul julia, back over to you. Bank of england minutes r e rereleased any minute. Stay tuned as we bring you the wires. Deutsche bank is under pressure. The wall street journal reports the new york fed has raised major questions about the banks Financial Reporting. Bad weather in north america rains on syngenta sales as the ceo tells us hes keeping a close eye on developments in russia. Weve got some good crops in laip position. Were taulg calling for stability there if not political, certainly in terms of agricultural. Tech giants dominating the earnings season in the u. S. Apple gets a boost from strong iphone demand in china. And europes air spacey agency recommends all nights to israel be halted. This as a rocket lands close to tel aviv airport. Weve got the minutes of the latest bank of england meeting out there. They voted 90 in july to keep Interest Rates on halt. We knew that already, its something that despite the mixed messages weve received from the policymakers, they say growth is generally looking more short. Weakness rages after unemployment becoming more striking. That divergence growing here and pointing that out in the minutes here. One view that the risk of a small rate rise in the economy has rerese sereceded. The risk from a small rate rise is