Boom Bust: China expected to buy 6,810 planes
China’s Economy has strengthened as factory output and retail sales have perked up. Plus, China is to spend $1 trillion on 6,810 aircraft – making China first trillion dollar aviation market. Ameera David has details. Then, Bianca Facchinei takes a look at the IEA cutting global oil demand forecasts because of “wobbling” Asian demand. Afterwards, RT Correspondent Anya Parampil discusses the $125 million payout for the Wells Fargo executive who oversaw the teams behind a massive scheme to create fraudulent customer accounts.
After the break, Ameera speaks to James Henry, Senior advisor for the Tax Justice Network and author of “The Blood Bankers”, about the Apple–Ireland tax scandal. And in the Big Deal, Edward Harrison joins to discuss massive market underperformance by hedge funds.