Live Breaking News & Updates on Tokyo virusvariante
Stay updated with breaking news from Tokyo virusvariante. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
we are here in london. i am guy johnson. what do we have coming up? ready for recovery? legal woes may be a thing of the past for hsbc. the bank reports results in about 15 minutes. we will bring you those numbers as we get them. ppi could still be a big problem. we are going to talk about that. we are taking you to our top story. portugal is taking control of boko a spirit of center banco espirito santo. mark is here with the details. a lot of money. how is it being spent? it is being spent by the bank of portugal, the central bank. up resolution fund was set in 2012, financed by the country s 84 banks. they will take over the bank as a whole. suspended shares on friday. it will move most of the assets and put it into this new bank, baank , which is new bank. it will use the proceeds when it sells the bank to pay off the treasury. so the resolution fund to the bank. exactly. within the central bank. that is what has bailed out banco espirito santo. luckily, po ....
third bank by market value as we speak. profits falling by 98% in the second quarter. that is because of charges tied to its stake in portugal. eurospped to 17 million for almost 700 million a year earlier which is below estimates. agricole booked millions of euros in costs related to its almost 50% holding in banko is beautiful santo espiratue santo. the bank of portugal unveiled is almost 5 billion euro bailout which led to the shareholders and junior bondholders with losses. just breaking down the charges, and a 502 million euro charge to reflect share of losses in the quarter and 206 million euro write-down to cut the value of its holding 20. twoo zero. and otherthe banks one-time financial costs, second-quarter profit actually rose to one billion euros. risky loans deckline. ratio also going up as well. they say in a statement the sales as well. the background is the second worst sales just under one billion. just under 3.7 5 billion. overall, it is the tal ....
just tweeted that he is apple s new digital marketing director. we will look into what this means for apple branding. and creating exit out the chicken. there is a startup out there called hampton creek foods that is doing just that. technology to create plant based at alternatives. it is all ready already using a free mayonnaise and cookie dough. to our lead story of the day, the walt disney company has been on quite a run recently in its film business. we will learn more when it reports earnings today. just had of the galaxy the best opening ever for an august movie raking in more than $94 million. guardians is from disney s marvel studios, one of their key acquisitions in recent years. a giant like disney thrive in the digital age echo digital age? jon erlichman is in burbank. you will be interviewing disney ceo bob iger later today. i want to ask you about frozen. this seemed to be a hit like disney has never seen before. every parent i know has seen this movie, ....
even before the ipo when he was just starting the company. the u.s. has always had a special appeal to him. that is why we are seeing him investing in these smaller companies, to learn from local companies, their experience an operating in the u.s. also, following the diaspora in the u.s. and cater to a larger market. astonishing, $230 billion the valuation. what are people telling you about, whether that is expensive, etc. any discount that previously existed has been erased. news just came in that they are issuing additional shares. boosting their ipo size by 15%. that is 48 million additional shares, making them the world s largest ipo ever. in our bloomberg asia billionaires reporter. man who has done well after this, jack ma. basically he gained himself $4.6 billion on ipo day alone. that helped him drummed from jump from 39th globally to 23rd. and companies like this have other billionaires associated. which other billionaires got even more money too? ....
be an increase risk. let s go to sydney, paul allen is there. what sort of risks are these leaders talking about? canada s finance minister summed it up neatly. he said that the search for return in a low yield environment is prompting investors to seek higher risk investments. there is a rare if there is a reappraisal, there could be considerable losses. the finance ministers and governors to debate whether to include in their communique, a warning for investors to be vigilant about taking risks. in the end, they left it out. the factor that has been leaked let s them have it each way. that they are concerned that the easy monetary conditions to produce excessive risk-taking. if there is a rest and having too much stimulus, there is also a risk in withdrawing it. we have seen that with the capital outflows from emerging markets. there are suggestions that the outflow is going to harm the g-20, and others that it is promoting economic growth. what about that? that ....