Browse content similar to 07/09/2012. Check below for episodes and series from the same categories and more!
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BT's. He said a new power be Greg Wood. -- amputees. He set a new | :00:07. | :00:17. | |
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Paralympic record. Time will walk but this report. -- | :00:17. | :00:25. | |
time for World Business Report. Global investors to the European | :00:25. | :00:30. | |
Central Bank's planned to defuse the eurozone crisis, leading US | :00:30. | :00:34. | |
shares to close at their highest in nearly five years. | :00:34. | :00:38. | |
A relief rally for Asian markets as stocks are set for their biggest | :00:38. | :00:46. | |
daily gain in nearly five weeks. Glencore's mega-merger bit as | :00:46. | :00:55. | |
Xtrata shareholders looks set to reject its takeover offer. | :00:55. | :01:00. | |
We will catch up through surely. First, markets around the world | :01:00. | :01:05. | |
have surged on a new plan by the European Central Bank to ease the | :01:05. | :01:11. | |
eurozone crisis. The major stock markets closed at their highest in | :01:11. | :01:18. | |
four years in the US. We will check in on how the Asian markets are | :01:18. | :01:28. | |
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doing any moment. What is all the fuss about? Out right monetary | :01:28. | :01:37. | |
transactions. The banquet by an unlimited government bonds from | :01:37. | :01:43. | |
many eurozone country wants it asks for help. The ones they have in | :01:43. | :01:47. | |
mind a Spain and Italy. It would help drive down the country's | :01:47. | :01:53. | |
borrowing costs, but they would be strings attached. Nations would | :01:53. | :01:57. | |
have to request help from the nation's bail-out fund first and | :01:57. | :02:02. | |
accept the strict conditions that come with that. Optimism on the | :02:02. | :02:10. | |
market continues in Asia. I know they are expecting decent | :02:10. | :02:15. | |
news out of the US, there is also infrastructure talk and a green | :02:15. | :02:25. | |
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light from China. They are loving what Mario Draghi had to say. | :02:26. | :02:30. | |
Absolutely. A big sigh of relief after such uncertainty over what | :02:30. | :02:35. | |
will happen in the eurozone. Regional stocks are set for their | :02:35. | :02:45. | |
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biggest daily gains in more than a month. A surgeon afternoon training | :02:46. | :02:53. | |
-- trading. US economic data is feeding speculation of strong US | :02:53. | :03:01. | |
jobs report. The expectation is that employees -- employee has | :03:01. | :03:06. | |
created 125,000 jobs in August. China is giving Asian markets and | :03:06. | :03:13. | |
added left today. Regulators have approved 30 infrastructure projects, | :03:13. | :03:17. | |
which adds to signs that Beijing is speeding up spending to boost | :03:17. | :03:24. | |
flagging economic growth. This is helping the Shanghai stock market. | :03:24. | :03:28. | |
One analyst said that there is a view among investors that there is | :03:28. | :03:32. | |
a genuine resolve are among policy makers to boost their respective | :03:32. | :03:41. | |
economies. All green light for now. | :03:41. | :03:51. | |
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But get more on this. -- let's get more. Many were expecting this to | :03:56. | :04:05. | |
happen. How will it work? Markets have been expecting it. I do not | :04:05. | :04:10. | |
think they were disappointed. The ECB have said they will buy up the | :04:10. | :04:20. | |
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government bonds and they have an unlimited power to do that. Before | :04:20. | :04:25. | |
this happens, the countries in questions have to request a bail | :04:25. | :04:34. | |
out end agree to have the EC be strictly monitoring the steps they | :04:34. | :04:42. | |
take to improve the economy. They're the conditions there we | :04:42. | :04:46. | |
have seen the likes of Greece and Spain get. It is important to | :04:46. | :04:53. | |
remind everybody that this idea was not meant to be the saw the ball at | :04:53. | :05:01. | |
fix. It is almost like a bandit for some breathing space. One of the | :05:01. | :05:06. | |
main reasons we saw stock markets reacted strongly is because in the | :05:06. | :05:08. | |
short-term, we will not have situations like Greece where every | :05:08. | :05:14. | |
few months, there is a mass panic. It does not change the bigger | :05:14. | :05:17. | |
economic problems are a struggling recovery throughout much of the | :05:17. | :05:27. | |
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southern European countries. We will talk more about that later. | :05:27. | :05:33. | |
The global market will also turn their attention to the key US | :05:33. | :05:39. | |
employment figures for August. They will loom very large for President | :05:39. | :05:42. | |
Barack Obama coming after his speech to the Democratic National | :05:42. | :05:49. | |
Convention. Jobs growth is expected to have called in August. Around | :05:50. | :05:55. | |
125,000 new jobs will have been created compared with July's | :05:55. | :06:01. | |
163,000 jobs. The unemployment rate is seen holding steady at 8.3%. | :06:01. | :06:08. | |
That number has not budged since the beginning of the year. | :06:08. | :06:13. | |
The adulation of the crowd at the Democratic National Convention it | :06:13. | :06:17. | |
may end up cutting for little. Barack Obama's bid for re-election | :06:17. | :06:24. | |
is this month's -- if this month's unemployment figures turn out to be | :06:24. | :06:33. | |
bad. Job hunters in Hama finding it rough. -- in Harlem. What job a | :06:33. | :06:40. | |
year looking for? Superintendent. I have experience. I have applied to | :06:40. | :06:46. | |
a lot of places and it is hard to try and find something. Harlem is | :06:46. | :06:50. | |
distinctive in many ways. Experience in jobseeker's here may | :06:50. | :06:56. | |
be fairly typical of the rest of America. It is tough to find work. | :06:56. | :07:00. | |
Presidential elections are often won or lost on the state of the | :07:00. | :07:10. | |
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jobs market. This one may be no exception. At this point in Barack | :07:11. | :07:15. | |
Obama's first move into the White House four years ago, 6.1% of | :07:15. | :07:22. | |
Americans were out of work. The latest data issues about 8.3% in | :07:23. | :07:27. | |
August. The last incumbent president to win a second term with | :07:27. | :07:34. | |
unemployment this I was Franklin D Roosevelt back in 1936. The US | :07:34. | :07:39. | |
economy is creating jobs, but not fast enough to really bring down | :07:39. | :07:46. | |
unemployment. It is unlikely to get better unless a few of the | :07:46. | :07:53. | |
uncertainties are lifted. One of them is the situation in Europe and | :07:53. | :07:59. | |
the uncertainty there. It is likely to persist well into 2013. Voters | :07:59. | :08:04. | |
already know the jobs market is bad. These latest figures will probably | :08:04. | :08:09. | |
only have a decisive impact on the campaign if they come in much worse | :08:09. | :08:19. | |
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than expected. We will know in a few hours whether | :08:19. | :08:24. | |
one of the most awaited mergers in the corporate world will go ahead | :08:24. | :08:31. | |
or fall apart. Glencore and Xtrata agreed earlier to form a single | :08:32. | :08:37. | |
company in a deal worth $70 billion. But Xtrata shareholders may reject | :08:37. | :08:45. | |
the deal in a general meeting to be held in Switzerland sure be. | :08:45. | :08:49. | |
When Xtrata and Glencore announced their engagement last February, the | :08:49. | :08:59. | |
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view in mining circles was that it would be a perfect match. Glencore | :08:59. | :09:05. | |
owns one-third of Xtrata's shares and made a bid to buy the rest by | :09:05. | :09:15. | |
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swapping them for shares of its own. It gained a 12% stake, making it | :09:18. | :09:22. | |
the second-largest shareholder. It demanded that Glencore increase the | :09:22. | :09:26. | |
proportion of its shows that it would swap with Xtrata shares to | :09:26. | :09:32. | |
complete the merger. Effectively increasing the pay-off to Xtrata | :09:32. | :09:38. | |
shareholders by 16%. But Glencore has refused to budge. Xtrata shares | :09:38. | :09:42. | |
have been falling on the financial markets, suggesting traders expect | :09:42. | :09:50. | |
the merger to fail. Glencore and Xtrata's merger would make the | :09:50. | :10:00. | |
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world's fourth largest wind up. deal means no synergy. Both | :10:02. | :10:07. | |
companies would have benefited from this. There is uncertainty about | :10:07. | :10:09. | |
what would happen to the relationship between the two | :10:09. | :10:19. | |
companies. It is vote spells the meltdown of the deal, many expect | :10:19. | :10:23. |