Merkel's `Solidarity Fund' Proposal, Greek Outlook
Oct. 19 (Bloomberg) -- Jorgo Chatzimarkakis, a member of European Parliament representing Germany's Free Democratic Party, talks about German Chancellor Angela Merkel's proposal of a "solidarity fund," debt mutualization and the outlook for Greece. He speaks in Brussels with Maryam Nemazee and David Tweed on Bloomberg Television's "The Pulse." (Source: Bloomberg)
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The Crude Reality of BP's Sliding Profits
25:53 - BP Plc, the first oil major to report second-quarter results, said earnings fell 45 percent as lower crude prices continued to erode income and refining margins shrank. Profit adjusted for one-time items and inventory changes dropped to $720 million from $1.3 billion a year earlier, the company said Tuesday. That missed the $819 million average estimate of 13 analysts surveyed by Bloomberg. Downstream earnings, which include refining, declined 19 percent. Bloomberg's Ryan Chilcote reports and Source Head of Multi-Asset Research discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."