SocGen Posts Loss on Newedge Writedown, Legal Costs
Feb. 13 (Bloomberg) -- Bloomberg's Caroline Hyde recaps Societe Generale's fourth-quarter results and comments from CEO Frederic Oudea as the bank posted a fourth-quarter loss after writing down its stake in derivatives broker Newedge Group and setting aside funds for legal expenses. She speaks on Blomberg Television's "The Pulse."
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The Challenges Facing Japan as Consumer Prices Drop
23:34 - Japan’s consumer prices fell for a seventh straight month and household spending slumped again in September, underscoring the challenges Prime Minister Shinzo Abe and Bank of Japan Governor Haruhiko Kuroda face in trying to revive the world’s third-largest economy. The downbeat inflation and spending data came despite an increasingly tight labor market. The unemployment rate slipped to 3 percent in September, equal to the lowest since 1995. The low jobless figure hasn’t yet resulted in significant wage gains, a key element of efforts to reflate Japan’s economy. HSBC European Economist Fabio Balboni discusses with Mark Barton on "Bloomberg Surveillance."