:00:00. > :00:00.It's alleged that she broke the law in the management
:00:00. > :00:00.Ms Rousseff said she was outraged by the decision.
:00:07. > :00:08.Those are the latest headlines from BBC World News.
:00:09. > :00:10.Now for the latest financial news with
:00:11. > :00:20.When a trillion euros just isn't enough.
:00:21. > :00:22.The European Central Bank prepares to expand its vast
:00:23. > :00:30.stimulus programme as the region's economy continues to struggle.
:00:31. > :00:33.Plus, bookworms south of the border - global publishers
:00:34. > :00:35.size up huge growth opportunities in Latin America.
:00:36. > :00:46.In a moment: OPEC hopes to stop the downward spiral in the price of oil.
:00:47. > :00:59.How long have I got, Andy? Nine minutes 20. Give me that and I will
:01:00. > :01:04.give you a fascinating snapshot of the world of business.
:01:05. > :01:06.We start in Frankfurt, where the European Central Bank
:01:07. > :01:10.It's poised to beef up its already massive stimulus
:01:11. > :01:11.programme, as Europe's economy continues to struggle.
:01:12. > :01:13.That will have some major implications not just
:01:14. > :01:16.for the 330 million people who use the Euro currency, but for
:01:17. > :01:19.businesses around the world - not to mention global financial markets.
:01:20. > :01:33.At the beginning of this year the ECB began pumping
:01:34. > :01:37.1.1 trillion euros into the economy by printing money to buy up bonds -
:01:38. > :01:46.That translates to 60 billion euros every month until next September.
:01:47. > :01:49.Today it could up that spending - by about 15 billion euros
:01:50. > :02:13.a month is what most analysts think - some say less, some much more.
:02:14. > :02:28.It could also extend the programme into 2017.
:02:29. > :02:30.It could also cut interest rates further.
:02:31. > :02:33.For example, the ECB's deposit rate is already negative, at -0.2%.
:02:34. > :02:34.They are effectively charging banks to put
:02:35. > :02:37.their money there to encourage them to lend it out instead.
:02:38. > :02:51.Making it more expensive for banks to hang on to their money.
:02:52. > :02:55.The size of any of these moves could have a big affect on the Euro, which
:02:56. > :02:58.has been pushed down sharply by all the extra money being printed.
:02:59. > :03:00.Remember, the US Federal Reserve is about to
:03:01. > :03:03.start raising rates, probably in a couple of weeks time, strengthening
:03:04. > :03:10.Well, Fed Chief Janet Yellen reinforced those expectations
:03:11. > :03:29.The economy has come a long way towards the objectives of maximum
:03:30. > :03:34.employment and price stability. When the committee begins to normalise
:03:35. > :03:40.the stands of policy, doing so will be a testament also to how far the
:03:41. > :03:48.economy has come in recovering from the effects of the financial crisis
:03:49. > :03:52.and the great recession. And, in that sense, it is today that I
:03:53. > :03:59.expect we are all looking forward to -- it is the day.
:04:00. > :04:02.Sarah Hewin is head of research for Europe at Standard Chartered.
:04:03. > :04:10.Thank you for getting up at this horrible time. Janet Yellen is kind
:04:11. > :04:14.of waving the American flag. The other Euro flag is kind of dangling
:04:15. > :04:17.down on the ground. This is a tale of different economies and different
:04:18. > :04:25.currencies at the moment. It certainly is. It is a tale of two
:04:26. > :04:31.business cycles. The euro area was just until recently in recession.
:04:32. > :04:38.The US economy has been growing since 2009. I think central bank is
:04:39. > :04:45.in the US worry inflation is a problem. The ECB in the euro are
:04:46. > :04:51.worried about deflation. Isn't this exactly what some, in particular,
:04:52. > :04:56.the Germans, wanted in Europe - for the euro to keep coming down,
:04:57. > :05:00.meaning all of the European companies that export stuff, it
:05:01. > :05:07.makes them more competitive? It does. It has been a big help to the
:05:08. > :05:13.region. In the last few months we have seen the weakening euro, closer
:05:14. > :05:18.to parity against the dollar, helping exporters in the region. It
:05:19. > :05:24.is probably part of Mario Draghi's plan. Talking of the President, what
:05:25. > :05:30.do you think? There are a couple of tools in his box? There have been
:05:31. > :05:36.discussions about 20 or more different options. We don't expect
:05:37. > :05:43.to see a whole raft of options introduced today. Most people expect
:05:44. > :05:51.there will be an increase in QE. 10-e15,000,000,000 per month. There
:05:52. > :06:00.will be a cut to the deposit rate. -- 10 billion euros to 15 billion
:06:01. > :06:03.euros. There is a lot of scope for action. I saw a note suggesting some
:06:04. > :06:06.central banks around the world are getting rid of euros altogether.
:06:07. > :06:14.Central banks hold different currencies. That doesn't bode well,
:06:15. > :06:16.what does it suggest? I think that you are seeing central banks
:06:17. > :06:20.adjusting their balance sheet and their reserves. Of course, they will
:06:21. > :06:24.be taking note of what is happening to the currency value and they are
:06:25. > :06:28.thinking about increasing their Chinese currency. It is part of a
:06:29. > :06:32.rebalancing, rather than anything sinister. OK. Trust you to have an
:06:33. > :06:36.optimistic view. Thank you. To Asia now, where oil prices are
:06:37. > :06:38.stabilizing Traders are looking ahead to
:06:39. > :07:03.tomorrow's meeting Hello, mate. The question is, can
:07:04. > :07:10.OPEC to anything? They've got a fracking battle in the United
:07:11. > :07:15.States! That is right. OPEC members have been at loggerheads since June,
:07:16. > :07:23.2014, what to do with supply? Should they cut or increase?! With so much
:07:24. > :07:29.indecision, we have seen oil prices falling below $40 per barrel in
:07:30. > :07:36.trade but it is picking up in Asian trade, just above the $40 of all.
:07:37. > :07:43.Overall, investors are concerned the OPEC group is divided head of a
:07:44. > :07:46.meeting over whether to slash prices. Saudi Arabia is set to
:07:47. > :07:51.propose a deal to balance oil markets, including demands on Iran
:07:52. > :07:56.and Iraq to limit production growth, it as well as involvement of non-
:07:57. > :08:00.OPEC producers like Russia. -- as well as. The deal will be
:08:01. > :08:05.challenging to agree on by the parties who have diverging views on
:08:06. > :08:11.which producer should cut or limit production, so we will have to wait
:08:12. > :08:14.and see how it plays out. We will, indeed. Meanwhile, the consumer will
:08:15. > :08:17.keep lapping up the lower prices. Absolutely. Good stuff, my friend.
:08:18. > :08:23.See you soon. Rico, from Singapore! To Mexico now where this week,
:08:24. > :08:26.publishers, editors and writers are attending Latin America's biggest
:08:27. > :08:31.book fair in Guadalajara. You
:08:32. > :08:40.expected, but in a region where You would never have thought we
:08:41. > :08:56.would publisher's diaries. In Latin
:08:57. > :08:59.America all of the editors, publishers want to come here because
:09:00. > :09:03.this isn't the window where people from all around the world, we have
:09:04. > :09:08.people from Asia, from Europe, from all over the world, coming every
:09:09. > :09:14.year to the book fair to make business, to see what is the
:09:15. > :09:19.production in Spanish. It is a huge exhibit of books. It is 400,000
:09:20. > :09:26.titles. With a population of close to 600 million people, Latin America
:09:27. > :09:29.has huge potential. Editors, publishers, literary agents and
:09:30. > :09:29.authors see it as a fan not to miss. When it comes to making people to
:09:30. > :09:33.sit down with a good book it still a huge challenge -- fair.
:09:34. > :09:44.Recent figures show Gelai is still huge challenge -- fair. Recent
:09:45. > :09:47.figures show Chileans average 5.4 books per year -- Chileans. Mexico
:09:48. > :09:52.come second, 5.3. That is including tax for work or
:09:53. > :09:57.Compare that with America, a dozen per
:09:58. > :10:11.of access to education. It is changing and you can see it from the
:10:12. > :10:25.numbers. Democratisation brought definitely. There is a focus on
:10:26. > :10:27.children's books at the fair this year. Getting young people hooked on
:10:28. > :10:30.literature seems the best way for this region to turn the page on poor
:10:31. > :10:37.reading habits and encourage the industry to flourish.
:10:38. > :10:44.How do you read 5.4 books? Tweet me. Follow me. I will be back shortly to
:10:45. > :10:56.look at the newspapers. In the last year, hoverboards have
:10:57. > :11:00.gone from being something from Back