Philips CEO Says Economic Climate Has Worsened

July 23 (Bloomberg) -- Frans van Houten, chief executive officer of Royal Philips Electronics NV, talks about second-quarter profit at the world's biggest lightbulb maker. Speaking from Amsterdam, Van Houten also discusses efforts to resolve the European debt crisis with Mark Barton on Bloomberg Television's "Countdown." (Source: Bloomberg)

How Long Will Chinese Growth Rates Decline For?
51:13 - China’s foreign-exchange reserves shrank to the smallest since 2012, indicating that the central bank sold dollars as the yuan’s retreat to a five-year low exacerbated depreciation pressure. UBS Head of Global Asset Allocation Mads Pedersen discusses with Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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