Skip to main content

tv   Business - News  Deutsche Welle  October 20, 2017 3:15pm-3:31pm CEST

3:15 pm
so you really it's not in his interest to go against the european union how do you make the changes that are sort of governor of the election ride here the f.b.i. director of the new york's university's academic center in brown thank you very much for that analysis. here what you need to have a new is coming up ahead confidence use cash to do is a form of protest to banks are moving their headquarters to other villages of spain . then visiting from all businesses will have that story and other news from the want of business to stay that you've got their. own interests are on the rise when required and. i am taking them to more straight to highlight different shades of nationalism and to find out what does nation me to you. to show you so or join the conversation here on to dublin you on twitter i
3:16 pm
don't facebook. crime fighters the new season of radio crime thrillers begins. in. motion domestic violence cyber crime and human trafficking for investigative cases that will keep you on your toes crime fighters series at the base idea ever so every young person needs to listen to crime fighters and share tell a friend tell a friend to a friend crime fighters don't miss it. catching up cattle and separatists cold and supporters for a run on the banks in protest at spain's threat to suspend the region's autonomy. breaking away but at what cost catalonia is not the only european region with
3:17 pm
ambitions of autonomy to wealthy parts of italy vote this weekend and making faces at the central bank governors facial expressions of move markets. i've been fizzling let's do business catalan leaders say if the banks can shift their headquarters out of the region they can simply withdraw their savings independent supporters have been storming some a.t.m. in other cases the response to the rallying cry has been lackluster. withdrawing money has become a form of protest in catalonia separatists are determined to show their discontent with banks like on sapa delta which have moved their headquarters away from the region financial institutions are worried the current instability could take a toll on their business. it's a way of exerting pressure after peaceful protesters were arrested and put in prison but if there's another way to put pressure on the spanish state but it's
3:18 pm
a. list of us but. some protesters withdrew one hundred fifty five euros in reference to article one hundred fifty five off a spanish constitution which madrid employs to impose direct rule over the region others opted for different songs. with three one thousand seven hundred fourteen euro's which coincides with the year seven hundred forty one that we celebrate on september eleventh and the end of withdrawals are a form of protest for money but this time as a result some a.t.m.'s had a ready run eyes of caution by friday morning. catalonia is not the only region with ambitions of autonomy this sunday italians in the northern regions of. whether they want to remain part of. the referenda binding but economists are already counting the costs of the wealthy regions striking out on their own. first the
3:19 pm
cattle lands. then the northern italians including venice. as well as the flemish in belgium there are many regions in europe that are seeking independence and experts fear that it could erode the european union as good as. a few could expand and could continue on and there's a fear it will catch on and then the community of twenty eight states will begin to crumble around the edges like a stale cake and fall apart as i have a whole lot of time off. the separation of these regions like flanders would be an economic catastrophe for the national government flanders contributes fifty eight percent of belgium's economy. the regions of venice and number two that are also striving for independence represent thirty one percent of italy's economy. that's into some to the interesting thing about these nationalists like the cattle hands
3:20 pm
is that they are pro european nationalist contrary to the likes of maria let's hang in france they want their countries to remain in the european union i stopped. if one of these regions does gain independence it must first exit the e.u. the date for the reentry would be uncertain. if it's from i think it would sooner be five years than five weeks or months if catalonia were to be accepted immediately as an independent state then all the region still applying for membership would have every right to complain. i'm talking as if to. venice and the rest would have to go to the back of the line none of the affected regions are willing to compromise the conflicts for independence will weigh down on europe for years to come. a tweet from the c.e.o. of investment bank goldman sachs as lloyd blankfein his spot speculation the more
3:21 pm
jobs a set to move from london to frankfurt amid breaks that uncertainty blankfein tweeted just left frankfurt great meetings right weather really enjoyed it good because i'll be spending a lot more time that britain is home to most of goldman's european operations or has around six thousand employees frankfurt is seen as the biggest beneficiary from wall street banks shifting out of london to cities within the european union when so they can keep operating in you wide. well let's go over to frame for conrad boson is standing by right there at the frankfurt stock exchange for us conrad where is this all leading is suddenly going to become very full. it is already becoming full i can tell you if you're looking for an apartment for or for a house if you are an average earning family here in frankfurt it's become very very difficult to find a place to live where is this leading in terms of business and in terms of banking
3:22 pm
it's very difficult to say what's happening at the moment is that large banks like goldman sachs or deutsche bank for example they're building parallel structures double structures in both frankfurt and london because the supervisors for the financial services sector one time to get prepared for heartbreaks it they should be ready to deliver services to their customers what ever the outcome of the breaks it negotiations will be and that's why they're building those double structures whether or not that means that frankfurt after the break said we'll really become the big you know financial and the only important financial center in europe whether it will be able to snatch business from london especially international businesses that remains to be seen but surely buildings are all structures costs costs money i mean how our markets reacting to this because i'm sure the banks have
3:23 pm
to factor in added costs here. absolutely the banks are talking about the cost as well john crime just recently did a chief of deutsche bank and the numbers that his bank. presented to the markers for example the quarterly earnings report that deutsche bank will report next week will definitely show this cost and it's something that is being criticised from the side of investors but what can you do if the supervisors want you to spend that money and of course for bankers it also means opportunities here in frankfurt you can it's easier it's much it's become much easier to find a job again if you are in the financial services industry as you know that's different use compared to what happened here in frankfurt during the last few years where more and more bankers had lost their jobs after the financial crisis and the banks of course don't want to lose out on business they don't want to lose out of
3:24 pm
money what other state of break to talk to brussels because i'm sure the bank is following this very closely. absolutely the banks are following this closely market people are following this closely they've been following very attentively what's been going on in brussels yesterday and today and well obviously it looks like the photo opportunities are now to resign may and the other heads of state of the european union posing for nice photos but quite obviously the two sides the european union and the u.k. have very different ideas of what those negotiations should be about. excuse me the u.k. wants to talk about the future the future of trade relations where the european union side says no we have to talk about the divorce settlement first. most importantly for the cost the future crossed and the liabilities of the united kingdom out of
3:25 pm
you know being or having being a member of the european union i'm talking about the liabilities for e.u. pensions for example and you know the e.u. is the stronger part here in those negotiations it's like in a divorce where one partner really has much more resources or money. whatever you know the instances between the two sides are there is often one side which is stronger and before i let you go conrad talking about photo opportunities just give me your friday face. fridays face is quite optimistic the german share index tax is reached a couple of. is this week it's going sideways on this very last trading day of the week people of course here are talking a lot about the potential risks coming from catalonia we have an elections in the czech republic this weekend but the overall level on the equity market is positive
3:26 pm
and hey we had a tweet by an american banker who said it was great in frankfurt the weather was fine. looking forward to coming back that's new usually new york. talks differently about frankfurt the boring little city in frankfurt there you go you've got the car rides frankfurt facing a whole lot more thank you very much talk to you next week well every move you make every word you speak even what you wear it's monitored absolutely obsessed simply if you're a central bank governor just look at that face it's the case the world over especially in the run up to major policy announcements investors are intent on jumping on anything that could give them the faintest of clues about an upcoming interest rate rise or policy shift but can face a market for such as in japan think so the many faces of bank of japan governor how he koku road but what's he thinking and more importantly what's he about to say
3:27 pm
that's the question researchers believe they'll soon be able to answer. critical there are still pretty basic but we presume the correlation between the governor's facial expressions and the decisions he makes on fiscal policy i believe we can use this method to predict his next move on monetary policy. central bank chiefs are used to close scrutiny take easy had mario draghi some people believe his choice of type presents a clue about his fiscal plan. others think the way federal reserve chair janet yellen construct her sentences can be revealing. keep watching those faces and their thighs of course nice doing business but they will see you again very soon going to double.
3:28 pm
to exhibitions. and then you have to take the exhibitions to the people. in spain they feeds it immobile gallery. who needs
3:29 pm
canvas when you have a truck to paint on. your romance next song d.w. . why you are forty million people in east africa threatened by starvation what are the causes of the situation. we focus on five specific problem areas. journalistic project tries to find the answers why africa goes green and we're talking this week long d.w. on mine. when cities are ingolf by the sea. all the dams wallets and costly protective measures will have been. nothing.
3:30 pm
what's. the future starting november nights on g.w. . going to the big deal w. we speak your language our spanish program tonight. only this will inform us of what listen i can buy to always close to the action but i'm not quite up to go focus on looking like a guest that's up to the minute news and opinions of the background to political developments. d.w. we bring you more of the it. ever want to welcome to another edition of euro max today we are on them.

16 Views

info Stream Only

Uploaded by TV Archive on