john hurricane, the bank of cyprus ceo. we are now four minutes away from the european equity market open. it looks like we are going to see a positive open. we will take you to that open next. ♪ guy: good morning. you are watching "on the move." i am alongside hans nichols, who is in berlin. what is on deck this morning? hans: it looks like futures are basically positive this morning and we want to look at the fed's rate. the fed may be getting more dovish, but jpmorgan is still worried it might still plate and too -- it might still tighten too quickly. japanese currency rallies to its highest level against the dollar in several months. a fresh blood to unity in europe as voters reject a treaty by a margin of nearly two to one. how u.k. politicians make their case on the brexit with this vote. fair market value is moving in the positive direction. let's get to caroline hyde at the touch screen. caroline: we could see another day of gains in europe. is it the fact that the dovish fed remains in place? we seem to see we ar

the three largest investors in russia, countries like cyprus, ,iechtenstein, and netherlands because it is an russian money coming back from offshore zones back to russia. russian government is now announced the program of the authorization. it means amnesty announced. the people who declare now their toets, they are not subject taxation for money earned before jane were 2015. people have to register by the willof january 2015 start to pay taxes only into the 17 for this. the government is trying to bring money back. it is absolutely illegal for russian people to have offshore business. people were using it. most of the large russian companies register. >> anybody with an offshore account in russia is breaking the law? >> not breaking the law. i don't know why the reason. quite a big campaign on these related to russia, the ukraine, even to britain as i understand. anything which led to mr. putin directly. mr. putin was never involved. the fact that his daughter was celebrating a wedding in asia or expensive. hweddings every week for dozens of people. i don't know how it can relate p

he is accused of forcing a flight from alexandria to cairo .o land in cyprus the hijacking ended peacefully six hours later. thousands of refugees camped out at the largest port in greece have been given an ultimatum. moved to camp's voluntarily within the next two weeks or be expelled by force. stranded inen greece because europe has closed its borders to them. meanwhile, pope francis is heading to the greek island of less post to show solidarity with refugees being deported back to turkey. the pope accepted an invitation. francis has says -- has said europe has a moral obligation to take in your refugees. leaked files charley's $2 billion in transactions involve individuals and businesses that presidento russian vladimir putin. global news 24 hours a day. still ahead, from -- on the european close, we will year from the pearson chief executive john stalin. to transform the media giant. he will explain what it is next. ♪ betty: please time now for our global battle of the church where we look at the most telling charts of the day, what they mean for investors. kicking things off, joe wei

the three largest investors in russia -- countries like cyprus -- why? because it is russian money coming back from offshore zones back to russia. the russian government has now announced the problem of the authorization. that means they want amnesty announced. the people who declare now their assets, they are not even subject to the money they earned prior. by people have to register january 1, 2016, their offshore companies and will start to play taxes only in 2017 for this. the government is trying to bring money back. what it is legal for russian companies in russian people to have offshore business. i think most of the russian large companies registered offshore. guy: so, anybody in russia who as they offshore account is breaking the law, yeah? andrey: no, definitely not against the law. it relates to russia, to the ukraine. i have to say, i never read any thing which related to mr. putin directly. he was not involved. and the fact that his daughter was celebrating a wedding in the ski resort, which is actually not expensive and used for weddings ev

an egyptian request to extradite a man who admitted to hijacking and egypt airlines has been cyprus refused. -- has been accepted. police arrested a suspected gunman after shots were fired near parisian cafes the paris attacks. the incident rattled nerves in a city that is still on edge. officers were deployed after shots rang out and a suspect, who appeared to be intoxicated, later surrendered. global news 24 hours a day powered by 2400 journalists in more than 150 news bureaus around the world. you. thank crude prices are falling over 2% today as oversupply still drowns the market. the big question is how fast will u.s. production shut in and lead to a more balanced market. our correspondent just returned from north dakota and joins us from paris with and on the ground perspective. with a target price of $36 this in 2017, what was your number one takeaway from the trip to north dakota? production in the u.s. shale is declining by 100,000 barrels a month. what is different from what we saw a earlier is that a lot of oil services company's left -- companies left or let go three quarters of

critical part in the numbers, profit negatively impacted by marking down their products in new zealand, cyprus, and puerto rico. the margins seem to have gotten a little bit better. in actual headline numbers terms of pretax profits, $3.3 billion. that is below the estimate of $3.7 billion. anna: let's check in on the equity markets. it looks like we might get a bounce at the start of the european trading day. it looks as if we will be up 0.5%. the asian session, treading water. manus: a lot of this goes back to oil. broke the saudi story. it moved the oil market by 6%. then the kuwaitis said, delhomme might be something where we can but beargain -- doha something barbican we can get a bargain. let's have a look at the oil markets. we are seeing a nice relief rally, and that is what drove the asian session. you are seeing the oil prices. $36 79 cents, both of those substantially higher coming on the back of the delegation suggesting that the conversations in doha might still matter. we have had the yen hitting its strongest in 17 months. it went through the 110 level, almost entirely unchanged

million loan for a panamanian company to a cyprus thatny and they assigned for one dollar to another company and then assigned it to another company for another dollar. in england, the version of this is guernsey. how is it perceived? john out this thisof is not about vladimir putin. it's about 11.5 million files from the fourth-largest offshore firm. if you are trying to conceal your wealth, that's not illegal but your issue is you are looking at a law firm you are with and how much protection they have. this is a huge security breach and it could be a massive issue for the rest of the year. you look at this come a lot of international banks are implicated in moving these funds around. wait until the authorities get into this. stephanie: other banks take it on the chin yo but when you are a regular bank, this is your business line. tom: i look at this as it unfolds and i think the important thing is it is completely different than wikileaks. there will be a lot of people dragged into this but out of it will come 20 or 30 unique stories that are very embarrassing. david: we have just