carlsberg proposing $10 a share. we will speak to the company's ceo at 11:00 cet, so around 40 minutes time. >>> rio tinto shares heading higher after it reported a return to profit. the australian miner beating estimates as underlying earnings hit $5 billion, and $1.70 a share was announced. rio tinto is saying it will buy back up to $500 million worth of shares this year. >>> in the pharma sector, syngenta said it made significant progress in the regulatory approval of its takeover of chemchina. expecting to close the deal in the second quarter. this as the swiss agri business reported mixed full-year earnings. syngenta posting a 12% drop in net profit to $1.8 billion and proposed to emit a regular dividend for 2016. >>> the disney ceo, bob iger delivered some support to the company's shares after saying he's open to extending his term as chief executive officer. the comments helped pare initial losses as disney reported lower than expected revenue during q1 weighed down by weakness at espn. we were talking about t

talk about the story with carlsberg. would say that, wouldn't you.e talking carlsberg here. -- tsiway, think how ngtao is a good here, but it is basically water in my opinion. 20%sberg is that the way a tsingtao stake here in brewery. japan displayed very does impressive earnings, doubling with the markets expected. hitachi getting hit here. it has to do with the deal mitsubishi heavy and singtel. that will open up in 30 minutes time. yvonne: thank you. spend $7s it will billion to finish construction on a semi conductor factory in arizona. it is just the latest in a series of companies to talk up u.s. investment in jobs in a meeting with president trump. ramy inocencio has the details for us. the intel ceo visited donald trump at the white house today. what would be a $7 billion investment on a new -- itnductor factory turns out it is not as new as he said. it will bring in $10,000 in terms of job growth for the state of arizona. 3000 of them would be high wages and high skill. 7000 in terms of indirect investment. this is in support of mr. for taxa

the danish brewer carlsberg has reported a rise in full—year profits to $645 million.ny says its expects a modest increase in earnings next year. and samira hussain has the details about what's ahead on wall street today. company earnings continue on wednesday. we will be hearing from time warner. the company is being bought by at&t, but the sale has been opposed by us president donald trump. during the election campaign. so investors will be looking for comments on that. now us coal miner, arch coal will be reporting earnings. this comes at a time when the donald trump administration has been looking to undue regulations and support more mining. investors and support more mining. investors and analysts will be watching for broader comments on deregulation. finally, the grocery store chain whole foods market will be reporting earnings. they are grappling with competition and they want to shed their nickname of whole pea cheque. it has been lowering prices and experimenting with its new value orientated grocery brand. joining us is richard hunter, head of research at wi

francine: we are joined by the carlsberg ceo, thank you for joining us.oday, warning that the russian beer market will shrink by at least 5% this year, do you see any positive news coming from a weakening ruble, a readout in the ruble rather but the fact you may get better relations with the west -- russia may get better relations with the west? decline inipate a 5% russia because of the ban on the big bottles. the 1.5 liter plus, that has momentd -- that is at a you get only smaller bottles in the market, they will reduce the volume into the market. on the other hand, we think they will need to -- it will lead to slightly higher margins. we need to be realistic, we have been there for many years, we have had some highs and lows, but 2016 was a good year for us in russia total. francine: the russian market you believe will shrink by 5%, how much of an affect will it mean on earnings in russia for carlsberg? >> not so much maybe on earnings because we are replacing these low volume, low margin big models by higher value, slightly higher margin smaller bott

crawls back -- carlsberg shares down with the biggest the client since august. it warned that russia's beer market will shrink at least 5% this year, stunting the growth prospects for the brewer of two aboard beer -- tuborg beer. it is declining due to a prohibition of selling beer and 1.5 liter plastic bottles that took effect at the beginning of the. the russia's business was the brightest star, generating half its profits in 2009. plunging oil sanctions, recession, higher beer taxes -- carlsberg only gets a fraction of its earnings there. operating sales but missing expectations. up the most since november. the drugmaker fourth-quarter profit beating estimates. it is helped with the increase of its multiple sclerosis treatment. profit could drop this year as it pursues new drivers of growth decline roots biggest seller diabetes treatment. its new drugs one backing and now is up two thirds of 1%. story ise and germany concerns rising about the upcoming french election with the first round of voting in april. this is the spread between the french and german 10

it would not be the first four carlsberg, which owns 60% of the rival brewer.t rio tinto share price, the minor announcing strong full-year results, bigger dividend, and a surprise share buyback, and investors are unimpressed. paul allen has the details. did they deliver? with the share price where it is, one would assume not. paul: it is hard to see anything bad in these results come underlying profit up 12%, $5.1 billion, the dividend, consensus was $1.44. we got $1.70, higher than expected, and that surprise aare buyback worth significant number as well. inevitably the commentary turned to m&a, and jean-sÉbastien jacques was quick to tell everyone to calm down. opposition has not changed. it is about smart buying. for us to consider m&a activities, the threshold is high and the alignment has to be the right one to ensure we will be able to build value for shareholders. we did see brio pop up in early london trade after these results were announced, but finish lower. we are seeing the same thing in australia, currently off about .5%. rishaad: what sort of sig

vonnie: carlsberg is warning growth prospects will be stunted thanks to a ban on large plastic or bushelsrk: the battle over greek debt. why the troubled nation is battling over bailout funds. vonnie: rio tinto has reported its first gain in annual profits since 2013. the world's second-largest mining company will pay much higher dividend than expected. it is also buying back $500 million with of shares. here's the ceo. >> we love diamonds, ok? tractason why it's so a of is because it's very difficult to find those new mines. just to give you an example, itn you look at the rug, is 25 years on average. when you see an area where there could be some diamonds and you have cash flows, you have 30 years. it is very difficult to find them. when you have them, you make lots of money. mark: he has high boutique investment banks to invest in the world's largest ipo, according to a person familiar with the matter. saudi arabia wants to sell less than 5% of the oil company . them estimated size is $100 billion. that arg is warning ban will stunt growth prospects for the brew. those earnings have pl

cardinalsbe carlsberg declining. and if we look at shares, a sizable quarterly net loss.d its dividend. this is the danish shipping giant. they are in the process of breaking its business, one into shipping and the other on oil-related entities. and the uk oil exporter, quarterly earnings disappointed, saying cost-cutting will be a focus in 2018. so, while oil numbers have rebounded from last year, many of the shipping players have yet to recover. >> thank you, seema. >> seema, thank you very much. >>> we've got the s&p going positive to flat. oil has gone positive, but the dow remains in the red, tune of about 34 points. jpmorgan and goldman are the laggards, as the 10-year remains close to two, three, four. only at&t offers you all your live channels and dvr on your devices, data-free. it's entertainment. your way. knows how it feels to seees your numbers go up, despite your best efforts. but what if you could turn things around? what if you could love your numbers? discover once-daily invokana®. it's the #1 prescribed sglt2 inhibitor that works to lower a1c. a pill tak

first of all we have carlsberg, telling us they will raise the dividend due to strong cash flow. kroner.lion mist on thet topline sales for the full year. increasing the dividend, organic revenue growth comes in at 2%. in terms of topline earnings, 8.1 5 billion and the market looked for 8.20 9 billion. breaking news coming from all kinds of sectors. full year 2016 sales coming in of line against the estimate 12.9 billion. this is the important bit, the china transaction is expected to close in the second quarter in 2017, kind of in line with what we were hearing from analyst ahead of these numbers. raymond james saying the deal in 2017.ted to close this is part of an extensive approval process. various closing dates have been and gone. were also talking about consolidation were broadly in the sector. dow chemical and monsanto, a lot to talk about their. tinto underlying profit of $1.5 billion. the big headline here is the share buyback. last year they scrapped the progressive dividend. $.5 billion for worth of buyback over the course of 2017. so the underlying profit comes in ah

carlsberg is weighing the purchase of between percent tao brewery.tsing they're working on a bid forake. the shares are 1.2 billion u.s.. it rose today to its highest level in more than a year. deutsche bank is shedding its u.s. swaps clearing business as part of an overhaul of its investment bank to improve profitability. onording to a person briefed the decision, the move effective immediately is part of the broad restructuring aimed at simple flying operations and pulling back from some that are too costly under capital rules. that is your bloomberg business flash. anna: thank you. switzerland's biggest insurer posted a net income of $685 million compared to a loss of 424 million in the same period a year earlier. joining us is the ceo, mario greco. great to speak to you once again on the program. you have an overhaul of your business underway at the moment to my taking costs doubt, selling assets. are you on track with that, how much further does the have to run? mario: good morning. a troubling was year, markets were tough. we made lots of changes but results came out very stron