how has that manifested at axa?at through pricing, writing business, how is the less brutal collapse of europe impacting you? thomas: it is absolutely true, measures have been taken both on the central bank side, and the governmental side. and we see today that we have had so far, a soft landing. in a way that we see inflation increasing, we clearly see also the social issues around rising energy prices. nevertheless it is not a disaster. this is something that we see in any business now, there is a revival of confidence. and people are looking forward in a positive way. this is also what you see in our numbers. we have had a very good year. we're looking forward in a very confident manner. nevertheless we need to remain, i would say, prudently optimistic because many of the decisions have not yet hit the real economy. if you take, for example, the rise of interest rates. for this to really get into the economy, we need to see the cycle of repricing credit and loans. what we have seen certainly, that banks have tigh

is paige, head of macro research, axa investment managers.ittle bit of a glimmer of for the uk economy ? well the uk economy? well potentially, i mean we're not in recession but but that's fairly low bar there had been an expectation that we would see a slight shrinkage in the economy in q4 . but as it slight shrinkage in the economy in q4. but as it turns out, as you say, it's been flat. that's because it was march. we saw marginally better growth come through over , which helped keep through over, which helped keep the economy flat. but we look at what happened in december. the economy flat. but we look at what happened in december . the what happened in december. the service sector fell back by nought point 8% on the month. it was a huge fall. looks like it's probably impacted some extent by some of the strikes , perhaps some of the strikes, perhaps consumer spending being restrained because people couldn't enjoy some of the consumer services. and that really sets the economy up for a pretty weak first quarter, which we would hope see some

we have one of our colleagues who is on the front lines and we all chipped in and we bought him a axa night vision... so they've got the right equipment to do the job. the right equipment and the kit. and it's really supporting, and it's the nations coming together and everyone sort of supporting one another during these really difficult times. but it is providing and the companies we see, they are providing a lot of support, paying salaries to those that are continuing to work, those serving in the army and to the families of those who are seeing human suffering. i do see that many businesses do see this as a responsibility, to keep the economy going. you mentioned factories, some of the factories being destroyed. i believe a third of your members have had businesses or factories destroyed. are they rebuilding now or is it a wait and see? well, we see that some... i mentioned coke. coke came in straightaway. they rebuilt, they had damage. so it was damaged? it was, they had damage. and not only did they rebuild the factory, but they also rebuilt the kindergarten, the nursery, the chi

he was in axa right in central turkey. when we spoke to him a short while ago, i asked him about the scale of this that this disaster. it is really disastrous or says one under its years it was the 2nd biggest earthquake and turkish history towards greek $7.07 made really bad effects on many cities, not 10 cities, maybe 1520 cities, even the capital anchor was affected because of it's now at almost 3000 people died just on the in turkey and almost 5000 building smoke collapsed. and torque is one of the biggest disasters. effects was in 99. and uncle jay, it's like really bad. the effects on many people, many people died in that art greek, but it seems that at this bill have a bed called seducers. badly sued the full. that's all and the other things tell us how our rescue efforts progressing. actually, director is so called in oxides. love the i reach and we are trying to reach the place where it's a so called and also in the southern part, it's also called 0 degree one degree to degree. so it is not easy to navigate inside

william the axa approach of eureka military action against iraq is a huge political mistake. already sat about the humanitarian side of the she'll just go on top of that. the you ends, former chief weapons inspector to iraq. scott ritter said racks capability to have weapons of mass destruction had been eliminated by december of 1998. it's no wonder writer saw paolo's, accusations against baghdad as relying only on circumstantial evidence. powell just keeps hitting. you with circumstantial evidence and he confuses people and he lied . he lied to people. he misled people. fabricating evidence, lying killing, hundreds of thousands of people. another stark reminder of the lengths washington is willing to go to the success of its foreign policy agenda is at stake. 20 years only our school twitter. what was really behind pounds claims if only you from a chief, un weapons inspector to iraq believes washington never has any intention to let the experts do that job as a rocks. disarmament was apparently the last think the us wanted. i was brought in to help create an intelligence org

axa has unveiled plans to buy back as many as $1.2 billion of its own shares as the insurer has reportedthe firm intends to complete purchases by the end of the year. the insurer is refocusing on its under margin business while shifting its exposure to natural disasters. >> buybacks for us are part of the capital management strategy. we always have a look, is it better to invest into the business in particular and organically or is it better to buy back shares. it is always a decision that comes every year. the board of directors has taken the decision to go for a buyback, and this is a true sign of confidence of where we are today. haidi: sources say deutsche bank looked to buy parts of credit suisse group last year including asset and wealth management units. we're told the plan was to be able to move should attractive parts of the bank come onto the market the project has been on hold since credit suisse announced the overhaul in october. coming up, as investors await kazuo su: -- kazuo ueda's nomination hearings. this is bloomberg. ♪ shery: the boj governor nominee will be questioned

exxon will buy back --axa will buy back shares.s to complete the purchases by the end of the year. the insured is focusing on its underwriting business while reducing its reinsurance units exposure to natural disasters. >> buybacks are part of the capital management strategy. we always have a look at is it better to invest into the business in particular or is it better to buy back shares this time and that's always a decision that comes every year. directors have taken the decision to go for a buyback and this is a true sign of confidence of where we are today. yvonne: minerals first quarter income jumped to an hundred 44 million u.s. dollars. the australian lithium miners revenue soared to have a billion u.s. as it declared a dividend of 11 australian cents per share. it is the world's largest hard rock with him operation. david: we will be speaking exclusively in fact to the ceo dale henderson, joining us in about 60 minutes or so, 2:45 p.m. if you are watching out of sydney. the story across markets this friday is we are not se

from axa investment managers. i screwed up. mhm. i got us t-mobile home internet.ell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck. jonathan: a rough end to last week, a tough start to this week. equity futures negative on the s&p, we are down by .9%. on the nasdaq 100 we are up --down 2%. position is normalizing. we think it might end up lacking. they are advised to use the current strength in order to reduce exposure. they are not bullish. tom: they are channeling mike wilson. there's a lot going on. jonathan: bear in mind where we start of the year, we started the year in and around 4.40. drops to as low as 0.3%, friday we were at four .09 and we jumped aggressively hi