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Perkins. Christine lagarde is under investigation for negligence in france when she was the french finance minister. Many around the world are astonished by that latest adult development. The s p will kick off today at a new high but that is just a part of the story. Rallies in brazil and japan helped push the value of Global Equities to its own record, 66 trillion sloshing around the global market. Trillionmore than 2 in value since august 7. The markets correspondent scarlet fu has more. 1000e index first reached in 1998. It took 16 years. It was last below 1000 has recently as september, 20...

Unemployment in italys still at record levels. European unemployment at record levels, near record levels. The markets are trying to make up their mind. The dax relative to the rest london up by 4 10 of 1 . Lets see if the commodities are doing anything. Three companies which caught my eye, vivendi delivered the numbers on friday night. The revised the numbers they revised the numbers because of an Additional Charge in regards to mortgage related litigation. Morgan stanley settled their mortgagebacked litigation last week. It prompted Credit Suisse to take this move. They have up their provisi...

Take place in bavaria in june. They are also discussing pressing global problems, including the ongoing crisis in ukraine. Normally russia is invited to participate in these summits but not this year. For the First Time Since 1998, moscow is being excluded. A consequence of moscows involvement in ukraine and its annexation of crimea. Reporter the German Foreign minister welcomed the eu foreignpolicy chief to lubeck. They are meeting with Foreign Ministers from the seven most industrialized nations, but not russia. When moscow rejoins the group will be high on the agenda. He said that would dep...

Bloombergs European Headquarters in london. Breaking news from the iea, the International Energy agency. The report is out and the iea says opecs supply they see opecs supply jumping the most in four years on saudi surges or beget we had a story saying iran is the latest country to jump on the bandwagon, asking for opec production to the cut. Nymex at 54 brent 59. Chinas economy is in the spotlight with all Global Economic indicators pointing to a deepening slowdown. Stocks are headed for their biggest drop in weeks. Bloombergs chief asia economist joins us now from beijing. Tom orlik. Gdp cam...

Revenue little changed at 12 billion while profit rose slightly to 2 billion. The ceo says Revenue Growth in the Data Center Chips and the internet of things helped offset slumping demand of pcs. Shares are up in afterhours trading. President obama is going to drop cuba from the list of nations that sponsor terrorism. The president notified congress about the move today. It had been a Sticking Point as the u. S. And cuba try to normalize relations. It comes just days after obama met with cuban president raul castro, the first formal meeting between the u. S. And cuban leaders in more than 50 y...