lafarge also says they are unaware of being explicitly named in litigation. for that reason, they don't expect a downturn in their nearly 6 million euros in annual earnings. the united nations has been denied access to the where tensemeni city of thousands of people have been displaced. they had been under siege for over a year and the residents have been suffering under severe shortages of basic supplies. laura: blocks from reaching people in desperate need, the u.n. humanitarian chief has been blocked access to the city. >> my convoy was denied passage at the last checkpoint. humanitarian efforts to reach people in the once again thwarted by parties to the conflict. reporter: a stay, residents have to cross mountains ground to fetch water and rice. risking crossfire, it is the only route they can cross through. the east and mountaintop district under rebel control, the city center by loyalist forces. >> people were sick or injured, that is what is happening. we fled and left all that we own. how could we stay there. made of lord deliver us and those who die

we will speak to the ceo of lafarge.ill be talking concrete and getting snapped up as the market gets the biggest ipo since twitter. all of that coming up. the open is 20 minutes away. this is bloomberg. ♪ matt: good morning from berlin. i am matt miller alongside guy johnson. this is the european market open just 18 minutes away from the start of equity trading. let's get the bloomberg business flash with juliette saly. the target forng cost savings related to the takeover of sab miller. synergy said reach $2.8 billion, 14% more than the previous forecast. adjusted fourth-quarter ebitda fell missing estimates. blackrock is said to have reduced annual employee on us is by an average of 2% to 4% last year. the first cut since 2011. according to people briefed, bonuses were flat overall him a a year earlier. a spokesman declined to comment. the asset management business is under increasing pressure as money flows through asset strategies into cheaper packet offerings. luxottica has forecast sales and earnings growth this y

peugeot is the biggest gainer followed by lafarge.ooking at this in the sense of index points and not in the sense of percentage gainers and losers. the top of the losers very soon. here credit suisse group and it will be joined, you know, let me refresh this and see if deutsche bank pop that up. it has. 6.25% right now, taking .8 of a point. deutsche bank is going to start to weigh on the stoxx 600 index. remember how much it has shrunk since its heyday. it is not as much of a heady hit -- heavy hitter as it once was. guy: this is a business that will have a large issuance that is going to be diluted. we do not know what the discounts attached to it are ultimately going to be, so a number of things amaga to try to figure out right now, but there are big questions surrounding the business, which i think we are all really looking forward to hearing about and we hear from john cryan very shortly. year-over-year growth expected to be 1.7%. executive quarters of growth. workforce solutions. we are joined by the company's ceo. good morning

lafarge holcim, the world's biggest cement maker, demand expected to grow this year, including from u.structure projects. it expects double-digit like for like growth and demand growth between 2% to 4%. it is on track for its 2018 target and plans to pay a rancsend of roughly two f a share. francine: thank you so much. the past week has seen the expectations of a march rate hike from the fed the from unlikely to odds on. the prospect of rising rates has seen the bloomberg dollar index move higher, climbing to a two-week high. what does this mean for emerging markets? who better to ask lynn jim o'neill? the man who coined the acronym bric. the economicss in department actually. francine: what has changed the most? what changed the most when it comes to emerging markets? jim: you mean now? francine: in the last 16 years. jim: gosh, china, china, china, china. i just said earlier. aggregate imports and exports, the first time ever, china has become germany's number one trade partner. germany does more trade with china than it does with france. francine: how open is it? i was in davos and y