richemont is down on the back of all of this.et's get analysis from caroline hyde. >> the shares of richemont down 11%. it is a switzerland-based company. it has cost in swiss francs. it is all about the luxury watches that it makes. it is behind the brands such as cartier and the most iconic watch brands that have the most intricate details made in switzerland. this will have them hard. this is a company that report to its numbers in euros, but the entirety of the index in switzerland is absolutely feeling the brunt of the swiss franc gaining to such an extent versus the euro, the dollar every single traded currency tracked by bloomberg. when you are such an exporter, this is the key problem. asia is a significant slowdown. it was protests in hong kong which meant that asian sales collapsed 12%. they have such headwinds facing them at the moment. they have concerns about the steadiness of the european demand. for more tourists are traveling through the fashion capitals, milan, london -- spending in the luxury boutiques. retail s

it really did hurt richemont. they are seeing some of the sign of that torrid last quarter on their share price, off by 1%. let's talk about face cream. nivea. this is the lead performer today, up by 5%. they are managing to adapt to the times. but they are managing to respond, getting out new shower creams and new deodorant. organic sales up 4.7%. we are confident about 2015. not many saying that at the moment. that is the one of the leaderboard. >> fantastic work. three stocks to watch. the top stories. india has cut interest rates by 25 basis points. the review by the reserve bank of india is the nation's first rate reduction since may 2013. it cited continuing disinflation pressure. stocks, bonds and the rupee surged. the russi central bank is aan placing its head of monetary policies after emergency measures failed to stem the ruble strop. as russia faces its words currency crisis in 17 years. the ruble weakened 41% in 2014. new credit surged in china. aggregate financing came in well above estimates. china i

richemont is on reporting any euros. -- richemont is reporting in eruos.indiscernible] >> i will add a little bit of optimism. they are sort of showing some of the concerns for 2014 is going to 2015. political instability in hong kong is down and hopefully we think. in russia and thailand weak tourism and that seems to be picking up. they said we'll start to see improvement in new york potentially in china. festive outlook when it comes to foreign exchange -- they see outlook what comes to fo reign exchange. >> thank you. some the other stories written -- some the other stories we are following. [indiscernible] the first reduction since may 2013. >> a blackberry and samsung denied that are in talks. blackberry ishares surged. blackberry cell back after samsung said it was groundless. quite safe you're wondering what americans have been vying with all of the cash that ms. satan at the gas pumps -- >> if you are wondering what americans have been saving with all of the cash they have saved at the gas pump, restaurants. they have been climbing as the u.s. tot

he is part of the richemont family. he said it is all about self conception.hat he is training the staff within dunhill to do. i love he said it is the sleeping giant. the sleeping giant in his mind is out for dunhill. if you look at the website, maybe it is for a slightly younger demographic than myself but he is going to 25 to 40-year-olds who have the money. >> are they going to chase the price point? >> the price points are already quite high. that jacket is about 1000 pounds. his view is to draw from the product range, to appeal more broadly. that is going to mean change. that is a ceo who has got big ambitions. in terms of china, that is the new phrase for luxury, self consumption. what does that mean in terms of how we spent rather than gifting? >> what does it mean? >> changing the price, changing the product. if you use to buy that gift for a ceo, that was incredibly extravagant. what would you and i spend on ourselves? technology and digital is the big part of it. i get the sense this is a ceo that has been up at the top table looking for money for i