not as popular as gillard.he question is whether gillard can get victory and base d on te moment that's still unclear. >> what is unclear about rudd? what is his political career now? what will he do next? will he return to the politics bench, do you think? >> i'm sure he will go it to the back benches which isn't a comfortable place for him to be. he's been pasted by many colleagues over the last week. he's had his character called in question. he's asked for that to stop. it's clear some people said some nasty things about him. in the long term he said that he's going to support julia gillard if there's another leadership challenge and another election. this is kevin rudd, however, so we don't know entirely if that's true and he could resign. if he does resign, unlikely, labor wouldn't be sure to win. >> what about what's going it on here with the party? there's this feeling gillard is unelectable. 2013 election is why rudd decided to have this challenge. what happens here? where -- if it's not rudd and it's

gillard and her senior ministers. she ousted rudd in 2010. >> this all takes place at 10:00 on monday morning, sydney time, and is expected to take about an hour or so, just over 100 votes to cast. but already the gloves have come off. we've had julia gillard supporters calling kevin incompetent, disloyal and dysfunctional. supporters for rudd has said she must go before the nex general election because she simply can't win it. rudd hasn't declared that he is standing in this election but already this morning the prime minister has been outlining what she thinks of it all. >> i have decided that at 10:00 a.m. monday morning a ballot for the labor leadership will be conducted. following kevin rudd's resignation yesterday, i have formed this view that we need a leadership ballot in order to settle this question once and for all. i believe it is in the interests of the labor party that it be determined once and for all. but much more importantly i believe it is in the interests of the australian nation. >> there's been s

julia gillard remains in power but the australian prime minister must now restore unity within her own party. >>> first up, though, european stock markets have been open for a touch over an hour now. it's not get off to the best week so far. it wasn't much different in asia where the trend was overwhelmingly a downward one. let's go over to andrew. zblf that's right, nina. our top story today, the world bank plus a chinese think tank issuing a stern warning to the chinese government. in a report entitled china 2030, the two institutions say china has to move to a freer, more commercially driven economy if it wants to sustain its rapid growth path. estimates suggest that state-owned enterprises, the soes like an oil giant, account for some 40% of china's total economic output, total gdp. the new report recommends an overhaul of the powerful state-owned companies, turning them into commercial enterprises. growth is largely govern driven. it calls for greateren innovation and greater competition. china's economy is the world's second biggest and growing at a rate of 10% a year and it's be

julia gillard is the favorite. maybe it is the size of kevin rudd's defeat that will be more important. it could leave of italian politics even more uncertain. -- australian politics even more uncertain. >> the syrian government is again facing internal condemnation. it is another date. the city of homs has come under assault. recall the and -- marie colvin and remi ochlik were killed when they were shelled by government forces. >> today's shelling of homs was indiscriminate. it has been like this every day for almost three weeks. syria's regime is trying to crush the resolution. the opposition is running out. houses have been reduced to rubble. this was the base of the few foreign journalists here. among them, marie colvin, one of the most respected war correspondents of her generation. speaking to the bbc yesterday, she described an attack on the city and the hungry civilians. >> it is absolutely sickening. shelling started at 6:30 in the morning. i counted 14 shells hitting civilian areas within 30 seconds. ther

there had been speculation that rudd was trying to challenge julia gillard for leadership amid reports she was getting ready to sack him. that's it for headlines. i'm zain verjee, and world business today starts now. >>> good morning from cnn london. i'm charles hobson. >> and good afternoon from cnn hong kong. i'm pauline chu. this is "world business today." here are the top stories we're following. >>> greece gets its bailout, but now comes the hard part. lawmakers have just days to deliver on promised reforms that are already running into determined opposition. >>> and a chinese company is trying to stop shipments of apple's ipad into and out of china. pro view says the ipad trademark belongs to them. the world stock markets have had more than 24 hours to absorb a greek debt deal. we've seen a pretty muted response to a supposed resolution. most stock market benchmarks here in the asia pacific region rose this wednesday but not decisively, and investors in europe are currently showing some caution as well. charles? >> caution is right. now, the greek finance minister evangelos veniz

in response, australian prime minister julia gillard told a news conference that a leader should be chosen on strength of character. >> the choice the nation faces and my parliamentary colleagues face on monday is a choice as to who has got the character, the temperament, the strength to deliver on behalf of the australian people. this is not celebrity big brother. it is about working out who can lead the nation, who has got the ability to get things done. >> australia's princeton julia gillard. staying in australia, a fourth in quest into the death of a baby girl who disappeared in the australian outback more than 30 years ago. the girl's mother, lindy chamberlain-creighton, insist that the baby was taken by a dingo. she was convicted of the child's murderer in 1982 but freed four years later when the baby's jacket was found near a dingo's ir businessmen will be extradited to the ninth states for conspiring to sell missile parts to iran. -- extradited to the united states. the man says he was the victim of an fbi sting and he could be jailed for up to 35 years if convicted. in bolivia, ri

when challenged today on these attacks, prime minister gillard chose not to repudeyate them. i can only reluctantn'tly conclude that she therefore shares these views. >> kevin rudd now the foreign minister of australia. the atomic agency said it failed to come to terms with iran over disputes concerning their nuclear activities. they were stopped from visiting machinery in tehran. the trial of the former egyptian president hosni mubarak is suspected to end after six months of hearings. he is accused of being responsible for the deaths of hundreds of protesters and faces charges of corruption. he denies everything. >> conditionday plans to lodge a complaint against europe over a plan to label a country's oil highly pa luting. it would single out canada's oil as more harmful to the environment than other parts of the world. >> british prime minister david cameron is warning of a demreat in somalia and warns radicalism in the country is of primary concern and the threat of al sha bad is real. >> two decades of conflict and chaos. sew ma'amya, the country has no fuppings of the c

gillard ousted rudd in 2010. the betting is he wants the top job back for himself. rosemary church talked to political editor hugh riminton about how risky this is for gillard? >> reporter: it is a high-risk play. it's a curious thing for a stable, wealthy, plas id democracy, the prime minister grasped the nettal. she and her cabinet believe the foreign minister have been working for months in a campaign to damage her by stealth essentially, creating conditions where the polling numbers for the prime minister continue to decline as they have been doing so it will be ripe for him to take over and sweep for an election scheduled for next year. what they have done is essentially ramped up pressure on him by having proxies for the prime minister in recent days, being increasingly vocal in their condemn names. he was in washington. he said enough is enough. i'm quitting as foreign minister, on a plane right now somewhere over the pacific. a ballot has been set for the leadership within the ruling labor party for monday next week. the prime minister believes she can win a

he would mount a challenge for the leadership which he lost to gillard in 2010. speaking in washington, d.c., kevin rudd made his pitch for the leadership but has not yet said whether he'll throw his hat in the ring. >> can i say the australian people, the australian business community, need to have confidence that the government is in strong and stable hands. >> reporter: the prime minister hopes the leadership challenge will finally end the ongoing speculation that's been dogging the government. >> if against my expectation i do not receive the support of my colleagues, then i will go to the back bench, and i will renounce any further ambition for the labor leadership. >> reporter: there have been on going leadership tensions since gillard ousted rudd in 2010. the next few days will see both sides of the gillard and rudd camps work the phones as they try to drum up enough support to win monday's ballot. matthew taylor, cnbc, australia. >>> and take a look at the australian dollar. certainly took some wind out of the aud after the announcement but as you can see

gillard back in 2010, and he said the party is going to lose the next election unless he is put back in the top job. >> i believe that to do the best for the australian -- the best for australia and labour, things have to change. it's no secret that our government has a lot of work to do if it is to regain the confidence of the australian people. rightly or wrongly, julia has lost the trust of the australian people, and starting on monday, i want to start restoring that trust. >> well, in response, julia gillard herself told a news conference that the choice of leader should be based on strength of character. >> the choice that the nation faces and my parliamentary colleagues face on monday is a choice as to who has got the character, the temperament, the strength to deliver on the -- to deliver on half of the australian people. it is about working out who can lead the nation, who has got the ability to get things done. >> russell is here. we're having a look at the tennis from dubai. a lot of attention on wozniacki again. >> yeah, she's shaping up. >> yes, now that she's lost the wo

can he muster support to pose a se serious challenge to gillard? >> i think that's exactly the issue. if you look at the numbers, 69 to 28 and a few swinging, the numbers are very much in the prime minister's favor. but then again there's a weekend ahead and a lot will happen in a weekend in australia. >> what happens if rudd wins? that's going to be a problem. it could trigger early election. >> we have to wait and see what happens. if he wins, julia has said that she will go to the back bench and whether or not he feels it's appropriate to call an early election or not. i couldn't speak for him at this point. >> adam, let's look at this from the outside, clearly there's party politics and an infighting story within australia but sitting here in europe, what difference does it make to investors and watchers elsewhere in the world who is in charming in australia? what are the issues they will differ on? >> well, as you can see if we pick two, mining tax, they're both in favor of that. what foreign investors are looking at is certainly stability, th

gillard announced the showdown to put an end to the divisive conflict. votes will be cast by all labor legislatures. polls show roth is more popular with the public. japan's auto production surged in january going up nearly 19% from a year earlier. the own country's eight car makers say they produce a total of 799,000 vehicles in the latest reporting month marking the fourth straight monthly increase. they boosted output to make up for the declining costs by last year's earthquake and tsunami. honda production shot up 42%. mitsubishi motor was the only car maker that showed a production decline in the month. japanese and u.s. negotiators are trying to figure out a way forward in okinawa. they've got stuck again on an agreement to relocate a u.s. marine corp. base. the futenma air station surrounded by residential neighborhoods and people there worry about accidents. a helicopter crashed in 2004 just outside the base. the residents' concerns have put the process in doubt. so have the worries of residents of the city where negotiators had hoped to move the

he said julia gillard had lost the trust of the australian people. >> i believe that to do the best for australia, things have to change. it is no secret that our government has a lot of work to do. if it is going to regain the confidence of the australian people. she has lost the trust of the australian people. starting on monday, i want to start restoring that trust. that is why i have decided to contest the leadership of the australian labor party. i want to finish the job the australian people elected me to do, and i was elected by them to become prime minister. >> president obama has offered a written apology to the afghan president after three days of violent protests sparked by burning of copies of the koran. the taliban has urged afghans to target foreign military bases in retaliation. two u.s. soldiers were shot by a man in an afghan army uniform. >> on the streets, the people have turned against america. it was police on the front line firing live runs. -- rounds. it has become a nationwide backlash with even small u.s. bases coming under attack. the clashes have claimed the l

gillard announced the showdown to put an end to the divisive conflict. votes will be cast by all labor legislatures. polls show roth is more popular with the public. japan's auto production surged in january going up nearly 19% from a year earlier. the own kuhn tri's eight car makers say they produce a total of 799,000 vehicles in the latest reporting month marking the fourth straight monthly increase. they boosted output to make up for the declining costs by last year's earthquake and tsunami. honda production shot up 42%. mitsubishi motor was the only car maker that showed a production decline in the month. japanese and u.s. negotiators are trying to figure out a way forward in okinawa. they've got stuck again on an agreement to relocate a u.s. marine corp. base. the futenma air station surrounded by residential neighborhoods and people there worry about accidents. a helicopter crashed in 2004 just outside the base. the residents' concerns have put the process in doubt. so have the worries of residents of the city where negotiators had hoped to move th

. >> reporter: julia gillard repeated that phrase getting things done numerous times. she had another crack at kevin rudd over undermining her government and she won't be written off as a loser. >> i am confident i can lead labor to a victory at the next election. >> reporter: julia gillard believes she will win on monday. the prime minister is holding around 70 caucus votes with 29 solid for kevin rudd and four undecided but that is fluid. so what if he loses? >> i will go to the back bench and i would not challenge julia a second time. >> reporter: that is what they all say. hugh recommending ton, 10 news. >>> still to come on "world business today," things may be grim in greece, but in europe's economy one industrial giant is celebrating. stay with us on cnn. i don't want healthy skin for a day. i want healthy skin for life. [ female announcer ] don't just moisturize. improve the health of your skin with aveeno daily moisturizing lotion. the natural oatmeal formula goes beyond 24-hour moisture. it's clinically proven to improve your skin's health in one day, with si

there is speculation he is planning to challenge the current leader, julia gillard. kevin rudd outlined the reasons for him stepping down. >> the truth is i can only serve as foreign minister if i have the confidence of the prime minister and her senior ministers. in recent days, a number of men have publicly attacked my integrity and therefore my fitness to serve as the minister in the government. when challenged today on these attacks, the prime minister chose not to repudiate them. i can only reluctantly concluded that she therefore shares these views. >> kevin rudd talking about his job. another job has been on the line. not yours. >> absolutely. your children are fans of chelsea. should he stay or go? >> i think they should give him more time. >> chelsea lost last night against napoli. were talking about how this was going to be a big game. they did lose. some that defensive errors. is he going to stay or go? it is a big decision. a moment, they are saying there are fine. >> it has had a difficult time of it the last few months. chelsea tends to change their man

crisis in the governing labor party by challenging the current prime minister and party leader, julia gillard, who called a vote on monday on who should lead the party into next year's elections. >> doctors in austria say the dutch prince, who remains in a coma after being buried in an avalanche while skiing, may never regained consciousness. doctors say the son of the dutch queen suffered severe brain damage. his heart had stopped beating for almost 50 minutes before he was readmitted. he was skiing outside the mark trail's last week when he was caught in the avalanche. >> coming up after the break, it is a place that is both beautiful and perilous. we report on the search for hostages in the remote borderlands between ethiopia and eritrea. >> all right. we will be right back. stay with us. dw on the internet with a new address and a completely revamped online presence. journalistic quality in 30 languages -- insightful, diverse, and in multimedia format. visit us at dw.de. >> welcome back, everyone. last month, a german working on a construction site in nigeria was kidnapped. days before th

we're waiting to hear from prime minister julia gillard as well. she'd made a statement today by way of e-mail statement saying kevin rudd has made his resignation. he was a strong advocate over seas. he strongly pursued australia's interests in the world. she's disappointed that mr. rudd has publicly expressed what he did this evening and never personally raised these issues with herself. the prime minister will also be making an announcement tomorrow. clohloe chloe. >> yeah, interesting these developments are happening a few days after there was some speculative reports suggesting there could be another mutiny of course. in case there is a leadership vote, does kevin rudd have enough votes. >> well, that's the million-dollar question. at this moment it appears he might be short of votes. the next few days are going to be critical when it comes to determining this point. he and his supporters are going to be rallying around to try and drum up support for him, of course, the prime minister julia gillard is going to be doing the same thing. as you p

gilbert -- gillard you are recognized. >> employee shareholders and subscribers i would like to thank german nuegebauer, ranking member capuano members for asking me to testify today. i am james gellert. as is clear by now mf global is a tragic story for wall street, main street in the futures industry. its bankruptcy follows trends with other notable failures in the last 12 years in one way. agencies that repay to provide professional opinions on credit risk bill to give sufficient warning of this firms risk. mf global investment grade ratings from standard & poor's from 2007 until october 31, 2001 and for moody's and fitch from 2007 until october 24, 2011. and contrast renderings provided two years of warnings at mf global is a high risk. we are a user paid non-issuer paid firm. financial statements no market inputs, no qualitative analysts and we have no content for the ratings process with management, bankers and investors or their advisers. we utilize a proprietary software-based system to raise private companies quarterly. ratings have an impressive record is outperforming the t