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Future of orange as it closes in on its ee deal. Vodafone reports Third Quarter results in the next hour. Mark welcome to countdown. Anna coming up, bill gates reduces his stake in truck microsoft to 3 as against 1. 5 billion of stock to his foundation. Mark frances biggest banks earnings for the previous quarter. Net income rising to 1. 3 billion euros from 110 Million Euros per year. That is when the bank set aside money for legal costs. That 1. 3 billion euro figure just below the 1. 4 billion average that analysts conveyed. Escalating levees on europes biggest banks will dent 2016 that income by 500 Million Euros. That will endanger the profitability target once more. The economic recovery is winker weaker than the bank had foreseen and Interest Rates are lower. On ....
Will be that half past after the hour. The European Central bank is not making it easier for greece as a new government prepares to extend the loan required. The ecb gave greece a small increase in emergency funds. Theres report out of the ecb was to reduce capital controls. Lets find out what we know and what we need to know. Husband locals, he joins us from a berlin honda nichols, he joins us from berlin. They may be playing hardball. Says what it looks like. These two stories could be related. The ecb could not force the greek centralbank to impose controls. That would have to come from greece. If they only have so much breathing room to the emergency equity assistance that could have the effect of forcing them in effect to impose capital controls. It is report at the frankfurt newspaper, which is very well sourced in german circles. Its unclear if this view that german ship greek should impose as paneuropean or just a german ....
I am francine lacqua. A flurry of bank news. Standard chartered has named a new box, bill winters. War on the this. Caroline hyde. Caroline, everybody has been sinking about who will take the job winters has been a perennial for every bank to be the next boss. You wonder why this one. They say in a statement that he is a globally respected banker and he has the right skills to drive it and conduct. Standard chartered has seen a series of scandals notably sanctions violations. This is why bill winters is coming in as a new ceo. He was really coceo of jpmorgan and went to set up his own asset class in 2011. There you see it. On the biggest independent commission on banking. A man who knows regulation, a man who knows response to the new working environment. Every single tank these to be negotiating. Every single bank needs to be negotiating. The logs ever serving ceo in u. K. History since the longest serving ceo in u. K. History. He almost tripled the assets to 90 billion. Very focused ....
At a lloyds investor. The equity market up a bit. Lets see what is moving. Be a little bit of be a little bit careful of valuation. What you have got is the assets being moved or sent off. Some of the individual names were looking at they will deliver their numbers this week. The sunday times is are you going to share a buy back . Or an uplift. The first annual profit in a number of years. You will see a similar process here in the United Kingdom as we saw, the assets being taken out. You take the assets out in the stock is readjusted. Now this is the kind of headline you see at thomas cook. Lost two children on holiday in whole foods poisoning in a bungalow. Thomas cook received 3. 5 million pounds. Totals on goings settlement here in the u. K. The headlines around thomas cook are certainly not good this morning or yesterday morning. They are defending that position quite vociferously. The chicago fed governor says there is no co ....
The u. S. But a lot more. So did europe. It sets off a surge in china which and the nation its biggest trade surplus in years. Mia is here with the breakdown. This is a big surprise to the upside. We have a trade surplus of 33 point 8 billion. That is the highest since january 2 thousand nine. Exports beating estimates. Imports are less than expected at 5. 3 . China has increased their record as traders replenished existing stockpiles. Just to tell you what analysts are thinking, theyre happy with the export figures. Global demand is picking up. The United States and European Countries are picking it up. Essentially shows softer demand. Not as strong as many would have liked. This may pave the way for the Chinese Government to perhaps say we do you really need to rely less on external demand. We need to focus on d ....