Browse content similar to 14/08/2012. Check below for episodes and series from the same categories and more!
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headlines from BBC World News. Now for the latest financial news with | :00:02. | :00:12. | |
:00:12. | :00:15. | ||
World Business Report. The road to recession - figures out this | :00:15. | :00:21. | |
morning are set to show the eurozone economy contracting. And | :00:21. | :00:24. | |
shares in the deals website Groupon plunge further in after hour | :00:24. | :00:27. | |
trading as earnings disappoint investors Evidence is due out this | :00:27. | :00:31. | |
morning of the extent of the damage that the debt crisis is wreaking in | :00:31. | :00:41. | |
:00:41. | :00:52. | ||
the eurozone - in the form of the Evidences cure and this morning of | :00:52. | :00:57. | |
the extent of the damage the debt crisis is wreaking in the euro-zone. | :00:57. | :01:03. | |
GDP figures for the second quarters - many expected the first step | :01:03. | :01:09. | |
towards recession. The forecast is for a contraction of 0.2 per cent. | :01:09. | :01:14. | |
Germany is expected to have grown by 0.2 per cent but that is still | :01:14. | :01:20. | |
down. No action to stimulate the economy is likely before September | :01:20. | :01:23. | |
and Spain will decide whether it needs a bail-out and international | :01:24. | :01:33. | |
:01:34. | :01:36. | ||
monitors will report back on Greece. Things were starting to look up. | :01:36. | :01:41. | |
The euro-zone stabilised in the first quarter but a decline puts us | :01:41. | :01:51. | |
:01:51. | :01:52. | ||
firmly back in the course of a recession. What do you think? | :01:52. | :02:00. | |
likely we will have recession. And we are pencilling in a contraction | :02:00. | :02:05. | |
of 0.2 per cent. There is not a lot policy makers can do. There is a | :02:05. | :02:12. | |
lack of confidence with consumers. This is because of the euro crisis | :02:12. | :02:16. | |
grinding on for months and months. Growth will be much weaker than | :02:16. | :02:20. | |
expected at the beginning of this year and will have an impact on | :02:20. | :02:28. | |
what the central bank does in terms of fiscal policy. You mention the | :02:28. | :02:33. | |
figure of 0.2 per cent - worse than what many economists were | :02:33. | :02:40. | |
predicting. Talking about individual GDP figures, they will | :02:40. | :02:45. | |
be released staggered throughout the course of the day. Germany is | :02:45. | :02:51. | |
believed to have posted modest growth. Do you agree with that or | :02:51. | :02:58. | |
are we in for more shock announcements? Belgium has posted | :02:58. | :03:06. | |
his -- it has contracted a? Germany we have a stagnation of GDP. | :03:06. | :03:11. | |
That will be one of the best figures will get out of the euro- | :03:11. | :03:15. | |
zone. If you compare Germany compared to what it had last | :03:16. | :03:21. | |
quarter, it would be a sharp slowdown. That is worrying because | :03:21. | :03:27. | |
Germany was the powerhouse of European economic growth and | :03:27. | :03:30. | |
Germany will slow down substantially. The most important | :03:30. | :03:40. | |
:03:40. | :03:41. | ||
impact will be that the growth outlook of June. When they review | :03:41. | :03:47. | |
the figures in September, that might mean they will cut rates by | :03:47. | :03:55. | |
25 basis points because figure -- fears are worse than expected. | :03:55. | :04:00. | |
possible remedies - what actions can they take come September or is | :04:00. | :04:06. | |
this purely about confidence? is purely about confidence. At | :04:06. | :04:13. | |
interest rates at 0.75 per cent it might not make a lot of difference | :04:13. | :04:19. | |
if you cut them to 0.5 per cent. Corporates have a lot of cash. | :04:19. | :04:24. | |
There is no real problem with most consumers it is the lack of | :04:24. | :04:29. | |
confidence. It is the crisis which is leading them to postpone all the | :04:29. | :04:35. | |
spending. It is only politicians that can come up with credible | :04:35. | :04:40. | |
plans and implement them - fiscal unions, banking unions. That takes | :04:40. | :04:46. | |
time. That is the bigger drama of the current growth figures. Growth | :04:46. | :04:52. | |
is relatively weak. The politicians in the euro-zone have to come up | :04:52. | :05:02. | |
:05:02. | :05:03. | ||
with a credible plan and implement it. Many thanks. Shares in anti- | :05:03. | :05:08. | |
glassing campaign fell 20 per cent in after our trade. That is despite | :05:08. | :05:13. | |
swinging into profit. Second- quarter earnings reported last | :05:13. | :05:17. | |
night shows sales growth slowing. The Web site offers customers | :05:17. | :05:24. | |
discounts on everything. It listed on the stock market last November | :05:24. | :05:31. | |
but shares have already lost some 60 per cent of the initial value. | :05:31. | :05:38. | |
In only its second sets of results, Groupon made money. But the stocks | :05:38. | :05:43. | |
reached all-time lows. Investors fear the potential they once saw | :05:43. | :05:48. | |
may have been misplaced. Customers might be getting sick and tired of | :05:48. | :05:54. | |
all those coupons and deals - just at a time when trumpet mack faces | :05:54. | :06:04. | |
:06:04. | :06:07. | ||
more competition. -- Groupon. If you compare previous results. Her | :06:07. | :06:14. | |
Wall Street was left underwhelmed. The chief executive of chatted | :06:14. | :06:20. | |
Standard Chartered has flown to New York in an attempt to come to a | :06:21. | :06:28. | |
deal with regulators. The authorities accuse the Bank of | :06:28. | :06:32. | |
laundering some $250 billion to Iran. The bank has admitted some | :06:32. | :06:38. | |
illegal transactions but said it is just $14 million. The bank has been | :06:38. | :06:42. | |
summoned for parliamentary hearings on Wednesday. President Obama has | :06:42. | :06:45. | |
announced the US government will buy up to one under $70 million | :06:45. | :06:50. | |
worth of meat and fish to help farmers hit by the worst drought in | :06:50. | :06:56. | |
50 years. On a three-day election tour in Iowa, estate badly affected | :06:56. | :07:00. | |
by the hot weather, the President said the food would be sent to | :07:00. | :07:09. | |
assistance programmes such as food bank. Figures are out shortly and | :07:09. | :07:15. | |
likely to show prices in India continuing to rise. The central | :07:15. | :07:25. | |
:07:25. | :07:28. | ||
bank have said levels are too high. What can you tell us? | :07:28. | :07:33. | |
expectation is for prices to remain at high levels. Consensus is for | :07:33. | :07:43. | |
:07:43. | :07:43. | ||
all some prices, the benchmark, to edge higher in the month of July at | :07:43. | :07:53. | |
from 7.25 per cent. The data would likely reduce expectations for a | :07:53. | :07:59. | |
rate cut. The central bank government in India striking a | :07:59. | :08:04. | |
atone emphasising his concern inflation remains too high and is | :08:04. | :08:14. | |
persuading the government to look at its spending. Demand factors and | :08:14. | :08:19. | |
not just supply shocks. There is a current dilemma with economic | :08:19. | :08:25. | |
growth slowing. Business and policy makers are calling for rate cuts. | :08:25. | :08:32. | |
The rising prices has them on hold. There is a weaker currency and | :08:32. | :08:38. | |
monsoon rain could rise to the price of food and that is why they | :08:38. | :08:45. | |
should keep rates on hold at their next meeting in September. | :08:45. | :08:50. | |
shipping industry has long been seen as the indicator for global | :08:50. | :08:57. | |
growth. When the company with the biggest fleet of container ships | :08:57. | :09:03. | |
come -- reports is more than just in just about the company. To many, | :09:03. | :09:08. | |
container ships on the world's oceans, chasing too little freight | :09:08. | :09:18. | |
:09:18. | :09:19. | ||
business to keep them saving properly. For Denmark's company, it | :09:19. | :09:24. | |
hopes to beat the competition on service quality. Container shipping | :09:24. | :09:28. | |
charges have risen, raising hopes of a turnaround after heavy losses | :09:28. | :09:33. | |
in the first three months of the year. The company has said it is | :09:33. | :09:40. | |
not exactly where hoped to be a year ago. It is in its 4th year of | :09:40. | :09:45. | |
a sharp decline. It is one reason why it has invested heavily in the | :09:45. | :09:51. | |
offshore gas and services industry. A City analyst says the company's | :09:51. | :09:59. | |
aim is to capitalise so can charge premium price -- capitalise on its | :09:59. | :10:06. | |
reputation. Delivering more containers on time. 91 per cent of | :10:06. | :10:09. | |
containers are delivered on time of verses the industry average which | :10:09. | :10:18. | |
is in the 70 per cent. That might over -- another to charge a premium | :10:18. | :10:23. | |
making sure they can earn higher margins. Since last summer, the | :10:23. | :10:30. |