Browse content similar to 23/06/2014. Check below for episodes and series from the same categories and more!
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used rocks and said police cars on fire. Those are the latest headline. | :00:00. | :00:00. | |
Now for the latest financial news with Sally. | :00:00. | :00:19. | |
Real power, Alstom agreed on an energy deal. And agrees on a fine | :00:20. | :00:47. | |
for breaking US sanctions. Hello, and a very warm welcome to the World | :00:48. | :00:51. | |
Business Report. Also in the programme, we will hear why the | :00:52. | :00:54. | |
World Cup may be bad for is that what good for Brazil's economy. | :00:55. | :00:59. | |
First, after weeks of diplomacy, the air miles have paid for the GE boss. | :01:00. | :01:10. | |
General Electric will take control of Alstom business, but it does come | :01:11. | :01:22. | |
with strings attached. Estate will also retain control over strategic | :01:23. | :01:29. | |
energy assets such as the nuclear power plans. It was said that the | :01:30. | :01:38. | |
deal prevented France from becoming a giant shopping centre. Our | :01:39. | :01:46. | |
reporter has more. Alstom has flown the flag for French industry for | :01:47. | :01:52. | |
many years. It builds and maintains some of the | :01:53. | :01:56. | |
world 's fastest and most heavily used railway trains. Yet, even after | :01:57. | :02:01. | |
a 3 billion euros state bailout 11 years ago, it can't live with its | :02:02. | :02:07. | |
mountain of debt. It has to sell more assets. Steaming to the rescue | :02:08. | :02:16. | |
with a $17 billion is America's GE. It is offering enough cash to wipe | :02:17. | :02:22. | |
out the French company's or rings with plenty of cash to spare. Bite, | :02:23. | :02:29. | |
there is a stack. The sale is political dynamite. Demanded | :02:30. | :02:39. | |
alternatives and last week, he got one. It all hangs, says this merger | :02:40. | :02:54. | |
specialist, on whether the government deemed any of the bids to | :02:55. | :02:58. | |
protect enough of its key industries. The GE offer is the | :02:59. | :03:08. | |
splitting of the company, breaking it up into the energy business and | :03:09. | :03:12. | |
the train 's business. The French government was a particular keen on | :03:13. | :03:18. | |
that and has asked both sides to come back with better offers. | :03:19. | :03:22. | |
Whether they will, we will have to see. A flurry of talks in Paris | :03:23. | :03:29. | |
ended with the GE offering more job promises and potential energy | :03:30. | :03:36. | |
alliances with Alstom. While the transaction was seemingly dead in | :03:37. | :03:40. | |
the water, President lines was backing the offer `` Hollande. | :03:41. | :03:55. | |
Francois Hollande was not so happy with this next five. According to | :03:56. | :04:04. | |
reports in the Wall Street Journal, the French bank is also expected to | :04:05. | :04:08. | |
plead guilty to at least one criminal charge and may be banned | :04:09. | :04:12. | |
from trading in the United dates `` in US dollars for a period of time. | :04:13. | :04:19. | |
The US Department looks set to announce these details very soon. To | :04:20. | :04:24. | |
talk through some of this, I am joined by the director. A big blow | :04:25. | :04:47. | |
for one of its biggest lenders, . Yes, this is a big fines. I don't | :04:48. | :04:53. | |
think it is catastrophic, I am short BNP Paribas shares will be | :04:54. | :04:57. | |
absolutely clobbered when markets open today. The broader question, | :04:58. | :05:08. | |
talked about the financial stability. I do think it shows that | :05:09. | :05:16. | |
the dangers within the eurozone banking system have not gone away. | :05:17. | :05:20. | |
Markets have been behaving as though they have, as though the problems | :05:21. | :05:25. | |
have gone and it just shows that these things can sometimes come out | :05:26. | :05:29. | |
of left field. It is actually nothing to do with the eurozone, it | :05:30. | :05:34. | |
is a problem elsewhere. As you say, it is a big number, it eclipses that | :05:35. | :05:42. | |
paid by others. It shows that US regulators are really going after | :05:43. | :05:49. | |
these situations but what about this decision to ban them from trading in | :05:50. | :05:56. | |
US dollars for a matter of months? That Premat locks BNP Paribas out of | :05:57. | :06:01. | |
business for a while, doesn't it? Yes, you would think that is the | :06:02. | :06:07. | |
most serious part of the issue. To be cut out of US dollars trading is | :06:08. | :06:15. | |
effectively to be cut out of global markets and how long that goes on | :06:16. | :06:18. | |
for will determine how big the hit is. Thank you for your thoughts on | :06:19. | :06:25. | |
this. Tom will return and talk through the papers. As soon as we | :06:26. | :06:30. | |
get any confirmation on those details, we will let you know. Let's | :06:31. | :06:36. | |
look at some other stories. Bulgaria's government says it is | :06:37. | :06:39. | |
ready to put money into the country 's four figures bank to head off a | :06:40. | :06:43. | |
crisis in Bulgaria's financial sector. On Friday, they were forced | :06:44. | :06:50. | |
to take control of a commercial bank after customers queued up to take | :06:51. | :06:58. | |
their money out. The bank has debts of more than three and a half | :06:59. | :07:05. | |
billion dollars. Google has much most of the outside | :07:06. | :07:09. | |
world with Street view, now it aims to open our homes. The Startup | :07:10. | :07:18. | |
technology allows you to monitor your home remotely from your home or | :07:19. | :07:26. | |
computer. It means customers will be able to control everything, from the | :07:27. | :07:35. | |
temperature too many cans `` nanny`cams. | :07:36. | :07:43. | |
Retailers and businesses are closing early to watch the Brazil game is, | :07:44. | :07:48. | |
cities are coming to a standstill, so what effect is this having on the | :07:49. | :07:52. | |
economy that is already slowing down? Our reporter has more from Sao | :07:53. | :08:00. | |
Paulo. When the Brazilian team is playing, | :08:01. | :08:03. | |
traffic ahead of the game is not pretty. Everyone wants to get home | :08:04. | :08:08. | |
to watch the match. For those who can't make it, businesses are still | :08:09. | :08:13. | |
making time for football. This past a shop closes for each game, | :08:14. | :08:17. | |
employee is getting to watch each game. With banks and other | :08:18. | :08:23. | |
businesses, it is like a public holiday. A close and don't reopen | :08:24. | :08:27. | |
after the match because you have to be careful, the bank isn't open, | :08:28. | :08:32. | |
neither is the post office. If you leave it too late to pay a bill, you | :08:33. | :08:38. | |
will struggle. Brazilians have priority. Sao Paulo is Brazil's | :08:39. | :08:42. | |
financial capital and its biggest city. I am on a commercial Street | :08:43. | :08:47. | |
that is normally packed, and it is rush`hour. As you can see, all the | :08:48. | :08:54. | |
stores are closed. Business is taking time off. While the | :08:55. | :08:59. | |
Brazilians are taking time to enjoy the tournament, the economy grew by | :09:00. | :09:07. | |
just not .3% in this half of the year, people were very negative | :09:08. | :09:12. | |
about the prospects in the run`up to the World Cup. I think that the | :09:13. | :09:18. | |
confidence of the country is gradually improving as the | :09:19. | :09:26. | |
tournament is evolving. I think that it could help little bit. For Bruno | :09:27. | :09:35. | |
and his past a company, his workers are happy, even if their team | :09:36. | :09:44. | |
doesn't always score. It has been a bumpy day. Markets. | :09:45. | :09:54. | |
Our reporter has more. Nice to see you. As you say, shares are | :09:55. | :10:09. | |
plunging. That is after Bumi failed to get Bond shares. Shares of Bumi | :10:10. | :10:19. | |
resources plunged, the company was part of a failed venture between | :10:20. | :10:30. | |
Nathaniel Rothschild. The head of the family has actually abandoned | :10:31. | :10:35. | |
his presidential bid in Indonesia. He had been one of the contenders | :10:36. | :10:39. | |
standing for election there. Is the bondholders met on Friday to discuss | :10:40. | :10:44. | |
the changes to the terms but the resolution required support, but | :10:45. | :10:53. | |
that meeting didn't achieve the number of voters that it needed. | :10:54. | :11:00. | |
Thank you very much at. It is slightly higher in Asia. I will see | :11:01. | :11:07. | |
you soon when we look through the papers. | :11:08. | :11:23. | |
Nearly 23,000 children have been taken into care in England in the | :11:24. | :11:28. | |
last urban years. That is | :11:29. | :11:29. |