Browse content similar to 21/06/2012. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
temporary ceasefire. The headlines: Another boost for | :00:19. | :00:27. | |
the US economy as the third lowest interest rates. | :00:27. | :00:30. | |
The test for Spain as it sells debt and finds out what looks in its | :00:30. | :00:36. | |
banking sector. Any private sector survey shows a | :00:36. | :00:46. | |
:00:46. | :00:52. | ||
slow in China's economy. The US Federal Reserve is giving | :00:52. | :00:56. | |
the flagging US economy another push. It is extending a programme | :00:56. | :01:00. | |
called Operation twist which aims to keep a long-term borrowing costs | :01:00. | :01:05. | |
also was possible. It is hoped that will encourage businesses to borrow | :01:05. | :01:12. | |
and invest and create jobs. Like they did last summer, as the | :01:12. | :01:17. | |
sun goes. The Federal Reserve is deciding to twist again. At the end | :01:17. | :01:22. | |
of a two-day meeting in Washington, American central bankers have | :01:22. | :01:25. | |
decided that the economy has got sufficiently worse that something | :01:25. | :01:30. | |
more needs to be done. They have extended a programme known as | :01:30. | :01:36. | |
Operation twist, which involves keeping long-term interest rates | :01:36. | :01:42. | |
low by applying additional bonds. The chairman of the Federal Reserve | :01:42. | :01:47. | |
said at a news conference that if need be, they would take more | :01:47. | :01:55. | |
action. We have taken a step today which will provide additional | :01:55. | :01:59. | |
accommodation for the economy, and we have stated we are prepared to | :01:59. | :02:09. | |
take further steps if necessary. We are prepared to do what is | :02:09. | :02:14. | |
necessary. We are prepared to provide support for the economy. | :02:14. | :02:18. | |
Investors had been hoping for a stronger message -- stronger | :02:18. | :02:23. | |
measures, such as quantitative easing. But clearly the Fed wants | :02:23. | :02:33. | |
:02:33. | :02:34. | ||
to keep some ammunition in reasons. He was at said the Federal Reserve | :02:34. | :02:39. | |
building in Washington. There has been further evidence to do have | :02:39. | :02:43. | |
this learning Chinese economy. A closely watched index of factory | :02:43. | :02:47. | |
activity has fallen for the eight months in a row. Our correspondent | :02:47. | :02:57. | |
:02:57. | :03:01. | ||
has more. This is a story we don't want to hear. | :03:01. | :03:06. | |
Yes, he to SBC's Purchasing managers' Index revealed expect | :03:06. | :03:10. | |
orders and prices turning in their weakest showing since the early | :03:10. | :03:16. | |
2009. It came in at 48.1 in the month of June. This is a seven- | :03:16. | :03:22. | |
month low. A reading below 50 is a contraction. With external | :03:22. | :03:27. | |
headwinds remaining strong, exports are likely to decelerate. The sharp | :03:27. | :03:32. | |
fall prices and moderation of new orders suggests a weak domestic | :03:32. | :03:35. | |
demand which poses more pressure for Chinese manufacturers going for | :03:35. | :03:42. | |
it. The latest Economist stress to push China to further boost its | :03:42. | :03:49. | |
economy after cutting interest rates are leaders month. | :03:49. | :03:56. | |
Will prices are on the move. Taylor is more about that. | :03:56. | :04:00. | |
Oriel prices continued to head south, falling to levels not seen | :04:00. | :04:08. | |
in 18 months. Crude is trading below $92 per barrel. Prices are | :04:08. | :04:18. | |
:04:18. | :04:19. | ||
being pressured by an unexpected rise in supply. US group Oriel | :04:19. | :04:26. | |
stockpiles a lasting last week. The final forecast is for a 1.1 million | :04:26. | :04:30. | |
barrel decline. Analysts say this rising supplies situation is | :04:30. | :04:35. | |
indication that less Americans are driving cross-country. They are | :04:35. | :04:41. | |
receiving, and the US economic recovery is anaemic. | :04:41. | :04:47. | |
There is plenty to watch out for today in Europe with the East debt | :04:47. | :04:52. | |
crisis continues to strict -- stress leaders. It will be a test | :04:52. | :04:56. | |
of confidence in Spain which has been flagging recently as investors | :04:56. | :04:59. | |
wonder if the government can continue to finance his debts. | :05:00. | :05:04. | |
There will find out how bad the situation is for the banks. | :05:04. | :05:08. | |
Independent reports will be submitted to the government. It is | :05:08. | :05:16. | |
not clear if they will release the details. We will get the latest | :05:16. | :05:20. | |
snapshot of how European manufacturing is faring. A busy | :05:20. | :05:29. | |
agenda. Our correspondent has more. They will be a lot of interest, | :05:29. | :05:38. | |
went there, in the various stories I have just mentioned? Yes, a very | :05:38. | :05:42. | |
interesting day in Spain. The first thing to do is to talk about the | :05:42. | :05:47. | |
Spanish auction. It is a very small auction. Because the market has | :05:47. | :05:55. | |
rallied so strongly, because some of the rumours of good news, we are | :05:55. | :06:02. | |
not worried about the auction. The stress tests will be more thorough | :06:02. | :06:09. | |
and almost. The two American firms running the stress test have very | :06:09. | :06:14. | |
strong reputations. There will be looking to return -- protect that. | :06:14. | :06:19. | |
If more things Stewart later, they will have reputation will damage. | :06:19. | :06:25. | |
It should be a good case. Some are saying the Blackhall could be 70 | :06:25. | :06:33. | |
billion euros. I think it is bigger than that. 180 billion euros I | :06:33. | :06:41. | |
think. If that is the case, the 100 billion euros would not cut it. | :06:41. | :06:46. | |
Well, that is only the money that the banks will require immediately. | :06:46. | :06:53. | |
You have got to look at this in the long-term prospects. But we still | :06:53. | :06:59. | |
have a declining property market. That is where the bulk of the | :06:59. | :07:05. | |
problem assets are. That hasn't finished yet. As long as Europe and | :07:05. | :07:09. | |
Spain remain my it in a recession, we could see the scale of these | :07:09. | :07:14. | |
asset bubbles continue to get worse. That is one of the things these | :07:14. | :07:22. | |
reports will highlight. When you say it could go better because of | :07:22. | :07:27. | |
the various rumours that have come from G20, what do you feel the key | :07:27. | :07:33. | |
room is? The talk at the European stability mechanism might be able | :07:33. | :07:38. | |
to buy bonds are directly back? Angela Merkel denied that quite | :07:38. | :07:43. | |
strongly yesterday. She said it was the heretical. That is her speak | :07:43. | :07:49. | |
for is not going to happen. We will see something happen. The pressure | :07:49. | :07:56. | |
is such now that we really do need to see some kind of movement. If it | :07:56. | :08:02. | |
is the bail-out funds being allowed to invest directly, or simply | :08:02. | :08:09. | |
renewed buying, we're not certain. We will watch this space. Thank you | :08:09. | :08:17. | |
very much. Jaguar has performed well in a | :08:17. | :08:23. | |
closely watched survey of car quality. In a latest survey of US | :08:23. | :08:28. | |
customers, Jaguar was the most improved luxury brand, jumping from | :08:28. | :08:33. | |
20th to second. That is next to a new model. Dinner will Motors had | :08:33. | :08:37. | |
its best ever performance. The Cadillac and Chevrolet have | :08:37. | :08:46. | |
improved reliability. The Crown Estate made �240 million in the 12 | :08:46. | :08:49. | |
months until the end of March. But there was strong demand for shops | :08:49. | :08:55. | |
on Regent Street and son James. The Crown Estate also owns the wind | :08:55. | :09:03. | |
farms and homes. America's third richest man has bought and Hawaii | :09:03. | :09:11. | |
Ireland. The price was not disclosed. It is reportedly more | :09:11. | :09:21. | |
:09:21. | :09:22. | ||
than $500,000 -- $500 million. Starbucks group's three pinnate he | :09:22. | :09:28. | |
by in its own home town of Seattle. The new store will sell more than a | :09:28. | :09:35. | |
key types of loose-leaf tea. The markets today are being influenced | :09:35. | :09:40. | |
pole the stories we have mentioned so far. The roses are available at | :09:40. | :09:44. |