Browse content similar to 19/01/2012. Check below for episodes and series from the same categories and more!
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he joined in 2008. Welcome to World Business Report. | :00:19. | :00:24. | |
Europe's worsening crisis threatens to block Island's road to recovery. | :00:24. | :00:31. | |
The EU and the IMF has a report. -- Island. | :00:31. | :00:37. | |
Asian stock markets rise as the IMF seeks to boost its firepower to | :00:37. | :00:40. | |
tackle the eurozone debt crisis. Which countries will contribute to | :00:40. | :00:47. | |
the war chest? A tough course before Microsoft and | :00:47. | :00:56. | |
Intel, coming to terms with the death of the PC. -- quarter. | :00:56. | :01:02. | |
Good to have you with us. The EU, the European Central Bank and the | :01:02. | :01:07. | |
IMF give their verdicts on how Ireland is handling its economic | :01:07. | :01:12. | |
growth. Dublin was forced to cede as a bail-out to save it from | :01:13. | :01:17. | |
financial collapse. In return, lenders demanded harsh austerity | :01:17. | :01:24. | |
measures. Since then Ireland has made the best recovery of all the | :01:24. | :01:29. | |
countries that seeds a bail-out. But the worsening situation in the | :01:29. | :01:33. | |
eurozone threatens to plunge the country back into a crisis. | :01:33. | :01:38. | |
Of all the countries that took a bailout, Ireland has the healthiest | :01:38. | :01:44. | |
economy. After cuts in public sector pay and hiking taxes, the | :01:44. | :01:48. | |
government has done the most to force and the deficit. The | :01:48. | :01:51. | |
demonstrations have been peaceful compared to those in southern | :01:51. | :01:57. | |
Europe. However, an economic recovery has stalled. GDP has | :01:58. | :02:07. | |
:02:08. | :02:08. | ||
started shrinking again because of wheat export markets in the rest of | :02:08. | :02:15. | |
Europe. Portugal is being asked to rewire itself. The problem is | :02:15. | :02:19. | |
Ireland is dependent on its export sector and the demand, something it | :02:19. | :02:24. | |
cannot control. It is being suggested Ireland borrow more to | :02:24. | :02:34. | |
:02:34. | :02:35. | ||
tie itself over. It could sell bonds on the open market. It is | :02:35. | :02:45. | |
:02:45. | :02:50. | ||
having to pay euros euros billions of euros to shore up its banks. | :02:50. | :02:54. | |
rest of the economy cannot recover. Banks are not lending because they | :02:54. | :03:01. | |
cannot land. They do not have the ability. The only way to get the | :03:01. | :03:07. | |
economy to go is to get medium-size businesses to employ people. There | :03:07. | :03:13. | |
is also a worry about the banks stress test. They are so weak they | :03:13. | :03:23. | |
:03:23. | :03:29. | ||
could fail. The Irish economy News that the IMF is looking to | :03:29. | :03:36. | |
police its firepower has given the markets in Asia a boost. -- to | :03:36. | :03:44. | |
boost. What has been going on? you take a look at the numbers | :03:44. | :03:49. | |
today for both the stock and currency markets, regional share | :03:49. | :03:55. | |
prices are currently in positive territory. They are as a two-month | :03:55. | :04:00. | |
high. The IMF was seeking to boost its resources to tackle this | :04:00. | :04:07. | |
ongoing debt crisis. Improving economic data from the US with | :04:08. | :04:12. | |
surprisingly strong housing figures is also helping. Investors are | :04:12. | :04:22. | |
becoming more comfortable with taking on risks. There is a warning | :04:22. | :04:26. | |
from the World Bank about a possible slump in growth. There is | :04:26. | :04:31. | |
evidence about markets becoming resilient to all of this bad news. | :04:31. | :04:36. | |
The question is where will the money come from? The US has shown | :04:36. | :04:41. | |
its reluctant to add to the IMF pot. There is talk about China putting | :04:41. | :04:51. | |
:04:51. | :04:52. | ||
in? That is right. The US and Canada save Europe must put up more | :04:52. | :04:59. | |
of its own money to solve the sovereign debt crisis. The emerging | :04:59. | :05:04. | |
economies, such as China and Brazil, are willing to continue new | :05:04. | :05:09. | |
resources. That is in exchange for greater voting power. Both | :05:09. | :05:14. | |
countries already have said their power should be increased to | :05:14. | :05:20. | |
reflect their growing clouds in the world economy. For Japan and South | :05:20. | :05:25. | |
Korea, they want to know first what will be the contribution from | :05:25. | :05:31. | |
Europe before agreeing to additional measures. Thank you. | :05:31. | :05:35. | |
It is a major day for the technology sector with quarterly | :05:35. | :05:43. | |
results in the US from the top chip maker, Intel, and Microsoft. But | :05:43. | :05:48. | |
there are now facing a huge shift in the industry. Smartphones and | :05:48. | :05:54. | |
tablets are pursuing sales of PCs under pressure. -- are put in. | :05:54. | :06:00. | |
As case shift, the dominant personal computer is struggling. -- | :06:00. | :06:05. | |
taste. More of us are using smartphones and tablas to do the | :06:05. | :06:13. | |
kind of stuff we used to rely on a PC to do. Flooding in Thailand has | :06:14. | :06:17. | |
resulted in a 6% drop in the US PC shipments during the crucial | :06:17. | :06:24. | |
holiday season. For Intel and Microsoft, that does not bode well | :06:24. | :06:32. | |
for profits. You need to give consumers a reason to buy. If you | :06:32. | :06:42. | |
:06:42. | :06:43. | ||
look at the buying cycle, it is new every two years. At the consumer | :06:43. | :06:52. | |
show in Las Vegas, Intel did its best to sends -- to tempt consumers. | :06:53. | :06:58. | |
Microsoft is also counting on its new operating system to tie | :06:58. | :07:02. | |
together its traditional market with the ongoing shift to tablets | :07:02. | :07:11. | |
and ferns. Neither of these will help the earnings in this quarter. | :07:11. | :07:17. | |
Investors and analysts will have to wait a bit. All the top will be | :07:17. | :07:26. | |
about what will be coming out in the 4th quarter. -- talk. Profits | :07:26. | :07:32. | |
at Intel and Microsoft may have been weaker at the end of last year | :07:32. | :07:35. | |
but they also offer clues about the series of the industry going | :07:35. | :07:41. | |
forward. -- state. Also, investors will be hearing | :07:42. | :07:49. | |
from Google. Its quarterly results are due. Its advertising revenue is | :07:49. | :07:55. | |
at an all-time high. Optimism has been growing over its performance. | :07:55. | :07:59. | |
The Christmas season saw more consumer spending transfer to the | :08:00. | :08:09. | |
:08:10. | :08:14. | ||
internet. EBay celebrated a fourth quarter | :08:14. | :08:18. | |
with a sharp increase in profits. There was strong trading in the | :08:19. | :08:23. | |
run-up to Christmas. It also gave a stronger than expected outlook for | :08:23. | :08:29. | |
this year. Shares in the company were climbing in the US. | :08:29. | :08:37. | |
US prosecutors have charged hedge- fund investors with running up a | :08:37. | :08:46. | |
trading scheme. They are accused of trading on inside information | :08:46. | :08:50. | |
gained from an employee of a PC maker ahead of its quarterly | :08:50. | :08:55. | |
earnings. In the markets, the IMF is looking | :08:56. | :09:02. | |
to boost its coffers, did boosted investor sentiment. The other story | :09:02. | :09:11. | |
that helped the market is the news that the Chinese authorities are | :09:11. | :09:16. | |
looking to make it easier for Chinese banks to lend more and to | :09:16. | :09:21. | |
boost domestic spending and demands. That has helped since men in Asia | :09:21. | :09:28. | |
as well. You can see how the euros have been trading. They will start | :09:28. | :09:32. |