we speak to the ceo of vedanta. i will be joined by david bloom. then, we will break back through the bank of england stress test results and this prospect of credit tightening in the new year. ♪ jonathan: good morning and welcome back to bloomberg tv. let's get to the top stories. morgan stanley is planning to cut as much as a quarter of its staff. the cuts will be across all regions and are set to take place before the end of the year. ceoch insurance groups leaves the company at the end of this year. a shipment has been appointed as the interim ceo. a permanent replacement is on the way. extending airstrikes in to syria is being discussed by david cameron. china has been named the latest addition to the ims. we have been up on light digging through the reporting. -- we have been up all night digging through the reporting. is it what we were expecting, or is it less than what people anticipated? i think: good morning, it was broadly in line with what people expected. it is a final confirmation of the yuan that arrived on the world stage. it is a