fewer as the oil for conoco phillips is selling its stake in russia's independent oil producer lukoil is selling a twenty percent stake to three and a halt billion dollars it was reported that lukoil will acquire almost all of this the remainder of columbus day will be sold on the free market by the end of two thousand and eleven the american oil company is trying to cut its debt also says it struggled to profit from this investment in lukoil because of the advantages given to state has rivals. russia's largest producer of pertussis or a collie as a vicious plans to fertilize the world the company's in the gooey mess and gammon karimov has problems to combine with belorussia more of what he's offering serving a half billion dollars for fifty one percent stake in front of. colleagues are already in talks with russian rival so they need to. you know the news international passenger traffic has exceeded pre-crisis levels the international air transport association says it grew for almost twelve percent in june passenger volumes are now around two percent above the pre recession peak in t

us or conoco phillips is selling its stake in russia's independent oil producer lukoil it's selling a twenty twenty percent stake to three and a half billion dollars and it's reported that lukoil will acquire almost half of this their main conoco state will be sold on the free market by the end of two thousand and eleven the american oil companies trying to cut its debt but also says its juggler should profit from his investment in the oil because of the advantages given to stave rivals. russia's largest producer of potassium kali has on bush's plans to fertilise the world but companies co-wrote the billing ines again karimov has plans to combine with his belorussian rival he's offering seven and a half billion dollars for a fifty one percent stake in bellerose college or carly is already in talks with the russian rivals of a new town. and in other news international passenger air traffic has exceeded its pre-crisis levels the international air transport association says it grew by almost twelve percent in june passenger volumes are now around two percent above the previous session pe

the company also has a deal to sell a chunk of its interest in russian oil company lukoil. and comcast shares rallied as it beat estimates by a penny. and that's tonight's "market focus." >> tom: with the u.s. economic outlook calling for slow growth, many companies are looking overseas to fuel future profits. but making a buck in a foreign land doesn't necessary translate into a dollar back home. tonight's "street critique" guest is wolfgang koester. he's c.e.o. at fireapps, a firm that works with companies to manage their exposures to the ups and downs of the dollar. >> good to see you again, tom. >> tom: what do you think the currency environment is for a company doing business overseas? >> it is volatile, and quite, frankly, in the last five years have been the most volatile and most challenging for these corporations. which is a bit of a shame because of lot of the corporations, as we see through the earnings, have been doing a good job managing their companies through the economic, but they're getting impacted by what they don't neat to be getting impacted by. >> tom:

three percent of us all from conoco phillips is selling at stake and russia's independent or producer lukoil is selling its entire twenty percent stake will acquire almost half of this but three and a half a billion dollars the remainder of conoco stake will be sold on the free market by the end of two thousand and eleven kata is trying to cut its debt but also says that it struggled to profit from its investment in vehicle because of the advance just given to state owned rifles. russia's largest producer of potash cali has ambitious plans to factorize at the world the company's co know the billion assume a month have him off has plans to combine with his belorussian rifle he's offering the seven and a half million dollars for a fifty one percent stake in better risk coming or cali is already in talks with russian rival. international passenger traffic has exceeded to pre-crisis levels the international air transport association says it grew by almost twelve percent in june passenger volumes are now around two percent above the recession peak in the first quarter of two thousand and eight th

welcoming the results of those stress tests on banks miners are the main game is with a neurosurgical lukoil and was left more than one percent. and over in asia some arc is a high on relief after those test results in japan stocks are rising up optimism to domestic earnings why exporters of all sued by the weak you get counted up two point two percent and honda rose one point four percent hong kong's resource tech stocks are also pasting. in other news g.m. after over as joint car manufacturing toll yeah see is hiring people again as demand is growing and production is nearing the pre-crisis levels russia's ministry of industry and trade expects the country's car market to grow by fifteen percent this year and apparently it sank the ongoing cash for clunkers program which is bruce's sales of the cheapest cars rescuing after over. to the person who wants to buy simply as a car and extend the moves of this program then so be it don't forget that we will be unqualified you know in the combination to the company of the bric countries as an origin market which means that we're still far from the

and this report of the lukoil will acquire almost all of this the remainder of can be sold in the free markets by the end of two thousand and eleven the american oil companies trying to cut its debts also says it struggled to profit investment in loop oil because of the advantages given to state home devival. russia's largest producer of. leaks has ambitious plans to fertilise the world the company's co know the billionaire's the game and career move has plans to combine with his belorussian rival he's offering seven and a half billion dollars for fifty one percent stake in bellerose cali or cali as a ready in talks to russian rival silva needs. now the news international passenger traffic has exceeded pre-crisis levels the international air transport association says it grew by almost twelve percent in june passenger volumes and now around two percent above the pre-recession pick in the first quarter of two thousand and eight the association says airlines are recovering faster than expected and its air traffic in asia which is increasing the most talk to sponsors in europe all here in

after earlier games believing that because the lies sex and the energy started from was that the lukoil retreating or carly is the biggest gainer up more than two point five percent of the chemical company and now the filina game and carry more is seeking to replace the c.e.o. . and over in europe shares a slightly higher as investors of the world cup days and chip maker unfairly in technology heavyweight bank than mine is a leading the modest gains which have also followed a slew quarterly results the world bank of scotland one with biggest game is on the footsie up two point eight percent. question companies have cut their reliance on banks for financing to the greatest degree east's nine hundred ninety instead companies issued bonds and shares which accounted for seventy percent of corporate finance this year according to bloomberg and that's not true forty seven percent two years ago their placement of banks as sources of finance brings russia into line with developed economies where many companies raise finance directly from the market russian corporate bond issuance of exceeded tw

is down with most of the blue chips in the red lukoil is the only blue chip managing to withstand the downward pressure the my six is just a notch lower hungry as deaths are top economic headlines fountain investors to look for safer bets like gold and hence are going equities the earning season isn't full swing in the united states so will continue to dominate sentiment over the coming days but the results of the stress test of european banks will also be a factor and our business our exclusive andor stooge line siemens says it can help russia reach its. other g goals that's after president mid-term vet of targeted forty percent cuts in energy use with them a decade europe's top engineering group out of it has declared war on cold option and the company three years ago siemens was convicted of paying bribes for contracts. we are living in like we say higher risk country. several not only corruption several risks in the fall business we started the russian corporate ethics addition to. the malls and eighty companies signed in code of conduct to make clean business only in russia some