sinochem is much more debt.mportant to all of us, in the sense that it could become the world's biggest chemicals company? become the world's biggest chemicals 7 in become the world's biggest chemicals company? in terms of the assets it has, the power and the control of agriculture, that kind of thing. has, the power and the control of agriculture, that kind of thingm has assets, it has control, but i think it is especially important because they now account access to sigenta, a top—flight company in agriculture. so this is china taking over control of an awful at a big companies that provide food, pharmaceuticals, chemicals. —— awful lot of. well, the sinochem and chemchina merger, that is a merger between two chinese companies. it is a mainland story. what makes it internationalist is that chemchina just bought sigenta. the interesting thing is, i had to comment on swiss radio recently, chemchina gave sigenta huge powers in terms of nominating board members and i am not sure that when the ownership structure o

in the financial times a story about chemchina and sinochem's potential merger next year to create the

sinochem ared joining forces, looking at international expansion after a takeover of the swiss syngentaa rejection of a third takeover varied from -- takeover bid from azko nobel. ppg said it was its last attempt for a friendly merger and it might seek shareholder of -- might seek shareholder approval for a hostile takeover. a buyer on the fashion house kate spade. they have struggled with slumping sales and jumped on the announcement. coach is looking to become a multi-brand giant and expand their global reach. the comedian john oliver focused his show this sunday on plans to relax neck neutrality laws in the united states. from plans stop providers -- the pleas planned to be there -- planned to be fairly effective because the fcc crashed during his airtime. it was up and running, but slowly, by monday morning. people are interested in a dry neutrality, oret maybe it is the far reach of john oliver and a lot of comedians these days. laura: thank you very much. ♪ 05/08/17 05/08/17 [captioning made possible by democracy now!] amy: from chicago and new york this is democracy now! but i wi

the latest triggered by reports that sinochem has pulled out of reports -- talks to invest in the company various parties. more, take us to the latest developments. this company has been imploding for some years now. are looking very difficult it has to be said. the company is under a lot of pressure. they issued a statement saying they were looking for strategic investors. they have mandated morgan stanley to examine strategic options, but that did not stop a decline in shares. they fell as much as 27% this morning at the open come the lowest level since 2000. they recovered a bit and are down 10% right now, but because the red and the ratings agencies have been saying this, that basically it will be difficult to manage over the next 12 months and they need an outside investor, so that is what people are looking at right now. that thereave heard have been white knights who have come and gone in the past, but let's act track. they used to be asia's biggest commodity trader. how did we get to this point? well that's true. back in 2010, they had a market value of more than $10 billion. they

we have just come out of a three-way merger where we took over sinochem's national rubber franchise.listed company they had a controlling interest in that we were successful in delisting last year, as well as taking over there china and malaysian assets , that together with the legacy weiness has now created what consider to be the world's leading franchise for natural rubber. what is next? that is a question that keeps me up at night. really to maintain momentum. wer the last seven years, have initiated and massive wave of consolidation in the industry. doubled ourave business four times over the last four and a half years, and the challenges to do that again in the year and a half, or two years, and that would get us to a market share globally of 20%, which is important as far as consolidation targets go in order to determine the way the rubber price is determined on a daily basis and combat volatility. haidi: is that what you see as the right sized business? the right sized business for an industry as relevant as natural rubber is the size that allows market participants to have f

saying it is not aware of reports that sinochem is walk -- has walked away or is not invested -- interestedy 8.4% in the westinghouse unit said they are looking at starting to sell out that asset. fortescue metals group impacted by what we saw in the iron or price. comments.ming in with have a look at this chart, you are seeing investors quite low on emerging-market currencies is also on the yen which seen is that safe haven risk. quite interesting that these two are core -- correlating when normally they go in a different direction. bank of america merrill lynch saying these cannot be sustained. it is likely the yen will fall when the fed starts to tighten policy and we could see and diversions coming through on some of the em currencies. interesting that we have seen investors buying into the yen and a number of emerging-market currencies. thank you very much. back to the u.k. musiclitary will guard and sports events in an unprecedented security operation as police hunt for accomplice move -- for compasses of the bomber. -- for accomplices of the bomber. let have raised terrorism this lev

embattled commodity trader noble saying it won't confirm a report that sinochem has pulled out of thebut it has requested that shares returned to trade today. here is james and singapore on this ongoing saga. take us through the latest developments. james: this morning, noble issued a statement saying it is reviewing strategic alternatives. it appointed a u.s. new york-based investment bank to review a strategic options. as you said, it has requested the resumption of shares at 9:00 a.m. in the singapore exchange. it is going to be interesting to see what happens to those shares, because yesterday before shares were halted there was a 32% decline. the only news since then is the statement from noble this morning, saying it was still looking for strategic investors. >> give us a little bit of background on noble. has really just been a troubled firm for so long. they were once asia's largest commodity trader, everything from ags to energy and metals. how did they get to this point right now? james: in 2010, the market value of the company was more than $10 billion u.s. trade in most ag

reports that some of these white knight investors like sinochem may have walked away.any's debt, what will happen with its oil business, really digging deep into what happens next with noble group. we are also taking another look at this moody's downgraded china yesterday. we will be speaking to china's homegrown ratings agency. it is interesting the cousin, they have taken very contrary views compared to the other big three ratings agencies. speaking to the global credit rating head of the ratings team at 40 minutes past 10:00 in hong kong. that will be interesting, because i am sure he has a different view than moody's and the rest of the ratings agencies. of course, all the action on markets as well over the next couple of hours. plenty more to come. this is bloomberg. ♪ ♪ it took me a while to learn how to pronounce it. >> you had a losing record, then you won the national championship. >> we ended up winning one of the greatest games of college basketball. >> you won your third gold medal. >> the international anthem being played, nothing better than that. >> will