glencore xstrata up .3%.fits to increase production in the congo. finally, the lonmin is up 7%. it more than doubled last year's number. it's recovering from a pretty tough 2012. as far as bull markets are concerned, the ten year treasury, 1.9%. up nearly 7 basis points. seven trading days earlier. we're going to keep our eyes on the bull market in the next 15 minutes. auctioning up to 3.5 billion. it's 1.92. 3 billion ccts. 1.5 billion in the 30 year as well. the euro is consistently coming down. we'll see how we get on with this issue. and on the currency markets, it's firmly above the currency level. keeping your eyes on that. euro dollar, below $1.30. more talk on whether we could, would, should cut the deposit rate. beforehand, we're in singapore to recap the nation. sixuan. >> thank you. apache markets. the industrial output, investments fell short of expectations. the world's second largest economy remains soft. japan managed to buck the down trend once again up more than 1%. the nikkei hit a fresh mul

we've had glencore xstrata muscling for another project.seems to me you might be banking on a false hope. >> yes. we're not banking on any hope. i mean, the recession in europe seemed to be going on with no diminishing trends. but the fact is, you know, when i look back at the last five years, we've grown our equity from $24 billion to $39 billion paid increasing dividends out to the shareholders, having good runs in a cyclical business like ours in a downturn. so i think each company has to find its own ways out and make sure they're competitive and that's wa we're trying to do. i'm pretty optimistic that we'll do well with but, of course, the economy is difficult at the moment. and be sure to tune in as we discuss more with mollor-maersk. >>> sticking with the naval industry, the maritime piracy keeps evolving. while a number of incidents has diminished in southeast asia, shipping companies are not leaving anything to chance. that's what sri found in singapore. >> it's a far cry from jack sparrow. pirates of today are now organized and th

he's the new interim chairman of mining company glencore xstrata, three years after resigning as leader of bp. hayward took heat for the deepwater horizon disaster in 2010. his appointment is part of a reshuffling of top management jobs at xstrata as the company cuts costs. jpmorgan shareholders have a surprise in store. as shareholders vote whether to strip jpmorgan ceo jamie dimon of his chairman title, the results are on lockdown. typically shareholders can get an update on the votes as they come in. however, the new york times reports the firm totaling up the votes is keeping them secret from some shareholders until tuesday. the firm says it's because of a request from a wall street lobbying group, pension fund shareholders, calls the practice unfair. a couple of drug stocks are getting a shot in the arm from promising cancer treatment results. bristol myers squibb stock is up 31% this year. the company saw positive results from a two-drug combination that helped reduce tumors in patients. and swiss pharma company roche holdings tested a single drug, which also reduced tumor growth.

glencore xstrata is moving higher in their first day of trading as a merged company. carolin roth joins us now from zurich. we're hearing more from the company saying they'll consider buybacks and a boost of shares. >> definitely. but what's boosting shares this morning is the fact that a couple of the analysts have started the stock at a very favorable rating. jpmorgan starts at an overweight rating credit suisse starting with an outperform. take a look at where it's trading now, 337. credit suisse, interesting, he also sees the synergy potential substantially above management guidance. this is not yet priced in by the markets. now, the synergy potential is around $500 million. the target will be comfortably met, this is what it told us this morning. in that same presentation it says it would be reducing management concerns. he said that they're going to be big cards in terms of the middle management layer at xstrata. he simply doesn't see the need for these, sessively big units. in terms of what the pointed out before, glencore says there will away normal dividend s

eu investigation into possible manipulation of energy price benchmarks has reportedly expanded to glencore, xstrata and other swiss commodity companies. what's going on? carolin can tell us. she's in zurich. >> ross, let me clarify that this widening of the investigation doesn't necessarily mean that the big trading houses like glencore, xstrata, for example, is the target of this investigation. no, it could be the object sit. it may just mean that authorities in the eu are working with these companies to try and get a better gauge of how the price setting in the fuel markets actually works. and these are some of the biggest inside traders in the world. that may give regulators a better idea of how the manipulation of the energy prices would have worked. this comes last week because they're suspected of having manipulated prices for at least a decade. also under investigation is the price index firm called prats. this is the company that puts together those fuel price owes a daily basis and all of those companies have said that they're working with authorities. the fines could be pretty he

he is named interim chairman of the glencore strata, energy and mining giant based in london. investors booted out the last chairman of that cap in during the shareholder meeting that happened yesterday. >>> supply jumped more than expect last week and a new noaa forecast predicted hotter than average temperatures, oh, no, helped outlook for demand. you would think that would increase it. >>> up next, you want to own a gun? get ready to buy a $250,000 a insurance policy with it. we'll tell you where that could become a mandatory requirement. >>> plls if you think your phone always breaks right when the warranty expires, you think that, you're not crazy. a new lawsuit accuses apple of raketeering and says iphones are built to do exactly that. we'll hear from the lawyer behind the case. more money coming right up. ♪ at od, whatever business you're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. ♪ . melissa: s

. >>> in other corporate news, glencore says its merger with xstrata has been completed ending a longone. >>> shell's first quarter number s top trade performance. its ceo will retire in january next year. that's in line with the ftse 100 performance. today, shell shares are trading up a little bit more than 1%. >>> meanwhile, despite a 20% jump in new orders, siemens was hit by project charge and weak demand. the company now expects its income to be at the low end of 4.5 billion to 5 billion euros. the siemens stock is off largely in frankfurt. >>> growth and heavy investment took a toll on bmw's earnings. the german carmaker reported profits slightly down on the figure from a year earlier. the company says it's confident about the outlook and its profit margin is likely to be in the range of 8% to 10%. nevertheless, the shares are up about 0.9% on the dax today. >>> and it's in good shape. we'll meet its financial targets. this is after the second biggest re-insurancer said profits jumped 21% in the first quarter. >>> and ubs activist vinke has made a renewed call for the company to