Browse content similar to 18/09/2012. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
topless. Those are the headlines. It is time | :00:04. | :00:14. | |
:00:14. | :00:21. | ||
for World Business Report. Welcome. The headlines: The | :00:21. | :00:24. | |
eurozone debt crisis takes its toll on the world's biggest air cargo | :00:24. | :00:32. | |
operator. Expectations are low that -- were for FedEx earnings. | :00:32. | :00:40. | |
Manchester United reports earnings weeks after its stock market debut. | :00:40. | :00:50. | |
:00:50. | :00:53. | ||
Japanese firms hit by Chinese protest fall in trade today. | :00:53. | :00:57. | |
Fed Ex will tell us later how much money it has been making in the | :00:57. | :01:01. | |
three months to the end of August. It is often seen as a gauge of | :01:01. | :01:05. | |
global economic health and has already had to sharply lower | :01:05. | :01:14. | |
expectations. Was demand has led to large cargo traffic. | :01:14. | :01:19. | |
The rise of mega chains may have killed many bookstores but not this | :01:19. | :01:23. | |
one in Brooklyn. Business is thriving so much so that there are | :01:23. | :01:26. | |
not enough hours in the Day Four staff to unpacked all the new | :01:26. | :01:31. | |
titles that get delivered. We get shipments Monday to Friday. On a | :01:31. | :01:41. | |
:01:41. | :01:42. | ||
slow day, maybe 20 boxes come in. On a heavy day, as many as 50. We | :01:42. | :01:52. | |
usually send out about 10 boxes of five small packages on web orders. | :01:52. | :02:01. | |
This success is not enough to help FedEx. Fed Ex sheet everywhere. The | :02:01. | :02:06. | |
weak US recovery, China's slowing economy and the European us -- | :02:06. | :02:12. | |
recession have all affected its performance. It has prepared | :02:12. | :02:16. | |
investors for disappointment, warning that business was down | :02:16. | :02:23. | |
along with profits. People who have expressed parcel businesses and do | :02:23. | :02:26. | |
a lot of air freight tend to do very well when the economy is | :02:26. | :02:32. | |
picking up, because people find Inventory is running low and they | :02:32. | :02:35. | |
need to rush things to market. They will send it by express freight | :02:35. | :02:42. | |
because it is worth it. We are seeing now the reverse of that. | :02:42. | :02:47. | |
Their next is seen many people saying, we do not need to rush our | :02:47. | :02:54. | |
products to market. There was no great rush in this kind of economic | :02:54. | :03:00. | |
slowdown. For the first time since 2009, profits of many large US | :03:00. | :03:05. | |
companies are expected to decline. Last week, the company -- country's | :03:05. | :03:08. | |
Central Bank said it would pump millions of dollars into the US | :03:08. | :03:18. | |
:03:18. | :03:20. | ||
economy. Union leaders say they are making | :03:20. | :03:25. | |
progress in talks to end the strikes in a mine in South Africa. | :03:25. | :03:30. | |
The pay dispute has escalated into a violent stand-off, which has | :03:30. | :03:36. | |
claimed 44 lives. The unrest has caused other platinum and gold | :03:36. | :03:42. | |
mines in the area to shut down. Lonmin's operations remain closed. | :03:42. | :03:51. | |
The group announced it would ditch expansion plans. | :03:51. | :03:54. | |
The UK and Dutch governments were forced to intervene to help | :03:55. | :03:58. | |
hundreds of thousands of people who lost their savings when an | :03:58. | :04:03. | |
Icelandic bank collapsed four years ago. Some customers are still | :04:03. | :04:08. | |
trying to recover their money. A court holds a hearing on the case | :04:08. | :04:14. | |
today and it appears a solution may be at hand. Iceland's minister told | :04:14. | :04:18. | |
the BBC he is confident that the Bank's remaining assets will be | :04:19. | :04:25. | |
enough to repay money still owed to customers. I think we would agree | :04:25. | :04:31. | |
on both sides that there has been a very positive tone that the assets | :04:31. | :04:37. | |
from the old estates will probably cover entirely the principal | :04:37. | :04:47. | |
:04:47. | :04:54. | ||
amounts. So, hopefully, we can find a smooth solution for the residual | :04:54. | :05:00. | |
shortfall. For the time being, the case is resting with the court. We | :05:01. | :05:08. | |
have to wait for the outcome. Manchester United reports its | :05:08. | :05:12. | |
earnings in a few hours. It will be the company's first chance to prove | :05:12. | :05:15. | |
those who bought shares in its stock market debut last month. Many | :05:15. | :05:18. | |
believe a series of healthy sponsorship deals will boost | :05:18. | :05:24. | |
revenues. That could be offset by lower television fees and ticket | :05:24. | :05:28. | |
receipts due to last season's lacklustre performance in the | :05:28. | :05:37. | |
Champions League. We are not expecting the best of results this | :05:37. | :05:45. | |
time? We will get the results on to the end of June. They did not | :05:45. | :05:49. | |
progress that well in the Champions League, which is the big revenue | :05:49. | :05:57. | |
generator. Miller TV revenue and sponsorship revenue and players' | :05:57. | :06:04. | |
wages are continually going up. Wayne Rooney was very expensive and | :06:04. | :06:08. | |
there to con Robin van Persie. That will be factored in next time | :06:08. | :06:16. | |
though. Yes. These results are or until the end of June this year. | :06:16. | :06:21. | |
How is Manchester United doing as a business? Many football clubs are | :06:21. | :06:28. | |
on the verge of bankruptcy in this country. But Manchester United is | :06:28. | :06:35. | |
in good shape? It is. Commercial revenues keep growing each year. | :06:35. | :06:41. | |
There are doing well on that side of things. They still have a lot of | :06:41. | :06:49. | |
debt to pay and there are players wages which do not help. The things | :06:49. | :06:55. | |
they do I interesting to keep their balance sheet strong. They have got | :06:55. | :06:58. | |
and sponsorship polymers in from places like Bangladesh and Bulgaria. | :06:58. | :07:04. | |
It shows how this is a true global brand. Are they still the richest | :07:04. | :07:12. | |
football club and the what? They are. Forbes magazine puts them -- | :07:12. | :07:22. | |
their work down as $2.2 billion. Thank you. Results will be out in a | :07:22. | :07:26. | |
few hours. In Beijing, place and out in force | :07:26. | :07:35. | |
to protect a step -- the Japanese embassy as another day of protests | :07:35. | :07:45. | |
:07:45. | :07:47. | ||
takes place. Tell us more about how Japan's | :07:47. | :07:54. | |
trading day is going, given what is happening in China. The Nikkei was | :07:54. | :07:59. | |
shut for a holiday Monday. It is giving many investors a chance to | :07:59. | :08:05. | |
react to news of violent protests over the weekend in China. Several | :08:05. | :08:14. | |
firms have announced a closure of factories. Retailers are shutting | :08:14. | :08:20. | |
stores in China. There are expected to be more protests again today. | :08:20. | :08:30. | |
:08:30. | :08:30. | ||
The shares of this company among the top losers today. The protests | :08:30. | :08:35. | |
follow Japan's purchase of islands in the East China Sea, over which | :08:35. | :08:41. | |
China claims sovereignty. There are suggestions these protests may | :08:41. | :08:51. | |
:08:51. | :08:55. | ||
escalate further. Nissan suspended operations to two of its factories | :08:55. | :09:01. | |
until 18th September and said it is monitoring the situation closely. | :09:01. | :09:09. | |
Panasonic says its partner will remain shut until today. Analysts | :09:09. | :09:15. | |
are voicing concern that the protests may derail plans by | :09:15. | :09:22. | |
Japanese companies looking to expand in China. China is known for | :09:22. | :09:26. | |
being a low-cost manufacturing base. Several Japanese companies have set | :09:26. | :09:32. |