I am pleased to have andre back at this table. Lets begin with some thing you know a lot about, the russian economy. Assess where it is today . Andre the russian economy is in negative growth this year but starting from next year we expect some economic growth. I think the economy is stabilizing. After the first shockwave of Lower Oil Prices and sanctions and bad Commodity Prices for other russian commodities and slow growth in china, all the sectors i think we understand the economy will be growing. It will have to adjust to new conditions. Charlie rose the decline of oil prices and the expected declining gas prices is the most Severe Threat to the russian economy . Andre it is but already the next budget is based on the assumption that oil prices will be around 50 per barrel. I think that is a reasonable approach. At this level of oil prices they can cope with the budget spending and have maybe slight economic growth. Charlie rose what is the most significant contributor to the russi
Marc benioff on success in the cloud, unicorns, and more. It is time the corporations had to their core value system the word quality. It is all straight ahead on bloomberg best. Yvonne hello, i am vyonne man, welcome to bloomberg best. The weekly look at the most important news, analysis, and interviews from Bloomberg Television around the world. We begin with a significant decline in the price of oil, which is where we start our review in the weeks top headlines. We start with oil, the big story, down the most in seven years. Investors are worried that oversupply will Carry Forward after opec abandoned to limit prices. David covers oil from our bureau in houston. Lets go back to that decision. So much as it was a decision by consensus. It is every member of opec for himself. Give us some sense of what saudi arabia is trying to do . A lot of people think that they are going after shale. They are going after the competition in the market with the shale producers here in the u. S. The c
Cloud, unicorns and more. , it is time the corporations had to their core value system the word quality. It is all straight ahead on bloomberg best. Yvonne hello, i am a vyonne man, welcome to bloomberg best. The weekly look at the most important news, analysis, and interviews from Bloomberg Television around the world. We begin with a significant decline in the price of oil, which is where we start our review in the weeks line. Headline. We start with oil, the big story, down the most in seven years. Investors are worried that oversupply will Carry Forward after opec abandoned to limit prices. David covers oil from our bureau in houston. Lets go back to that decision. So much as it was a decision by consensus. It is every member of opec for himself. Give us some sense of what saudi arabia is trying to do . A lot of people think that they are going after shale. They are going after the competition in the market with the shale producers here in the u. S. The crazy thing about that is th
Betty hello. Im betty liu. Welcome to bloomberg best. An indepth report of news around the world. Lets begin with a day by day review of the weeks top stories. Starting on monday, when the imf welcome the chinese currency. The inclusion of the rmb is recognition of the significant reforms, which have been conducted. Of the significant opening up of the chinese economy, of the financial, more marketdriven principles that are being used by the chinese authorities going forward. Shortterm it doesnt mean a lot. To put things in perspective, youre looking at the total allocation of 318 billion. That is roughly 6 of the daily Trading Volume in total foreign exchange. Just 6 . And one third of global gdp, less than 1 of total trade. It is a drop in the bucket. It is much more of a psychological effect. Is that significant . I dont think so. It is symbolically important for china because to me it is an officially an endorsement of what china has achieved in terms of financial market. And a for
Betty hello. Im betty liu. Welcome to bloomberg best. A weekly look at the most Important News around the world. Lets begin with a day by day review of the weeks top stories. Starting on monday, when the imf welcomed the chinese currency. The inclusion of the rmb is recognition of the significant reforms, which have been conducted. Of the significant opening up of the chinese economy, of the financial, more marketdriven principles that are being used by the chinese authorities going forward. Shortterm it doesnt mean a lot. To put things in perspective, youre looking at the total allocation of 318 billion. That is roughly 6 of the daily Trading Volume in total foreign exchange. Just 6 . And one third of global gdp, less than 1 of total trade. It is a drop in the bucket. It is much more of a psychological effect. Is that significant . I dont think so. It is symbolically important for china because to me it is an officially an endorsement of what china has achieved in terms of financial m