the dax sought a substantial÷+ rally, pushing up to close at 7,057.the euro stoxx 50 also chalking up gains, ending the day at 2,936. about three minutes ago, 12,000,300 points. the euro trading higher against the dollar. irish life has suspended shares from trading in london and dublin after its share price went into free-fall following media reports that banking stress tests carried out this week might force it into a state control. irish life is the only domestic lender in ireland to avoid a government bailout so far. their insurance business is profitable, and it did not have any exposure to t t commercial property market. however, its banking arm did borrow heavily to finance loans, and many are being in trouble. that is business. back over to you. >> what ever happened to -- those mortgages. more violence in ivory coast. forces loyal to the internationally recognized president have entered the capital. it is the latest round to fall in their four-month struggle against the incumbent, who has refused to step down after losing they disputed novemb

. >> at the end of a volatile week the dax took a nosedive. the uncertainties that struck the market down are still high as investors are saying [unintelligible] on the turmoils we see in the arabian world. investors waited for new economic data to come fromhe u.s. the jobs market has been better than expected. the unemployment rate went down in the u.s. and industrial on those have been better, but charisse went down sharply because if the situation is too good people start to discuss interest rates. >> let's take a closer look at the market numbers. the dax closed down words. the dow jones industrials are going down at 12,123. the euro is trading at $1.39. air bus parent said it will not protest the pentagon's decision to order an error table -- air tanker project. it is one of the largest contracts in the defense department's history. boeing and airs fout fo years over the contract and battling over -- a day of action as unions caused the destruction. workers launched a series of protests to demand better pay rises. strikers blocked access

here is a quick look at the numbers in more detail, beginning in frankfurt, where germany's blue-chip daxclosed at 6515. the dow jones industrial average closed at 11,613. the euro declining against the dollar today at $1.3893. germany has decided to shut down seven of its 17 nuclear power plants. that is leading to a drop in power supplies and putting upward pressure on electricity prices. in leipzig, the price permit what our on wednesday hit a two- year high above 59 euros. it is a huge burden for energy?- intensive companies such as steel producers and the chemical sector. in japan, the impact of the quick on the global economy could be worse than previously thought. japan is a major exporter of high-tech components, and with large parts of their infrastructure crippled, companies around the world may face a supply disruptions for electronics. >> japan produces 20% of the world computer chips. the chips are used in a number of consumer products, including cars, cameras, and computer game consoles. toshiba, sunny, and a touchy -- sony, and hitachi are all located away from the center o

the dax rose by 1.25 of 1%, and there has been reaction to last week, when the dax went down by 83%. one of the biggest gainers on the dax has been the share of one company, a pharmaceutical and chemical company, bayer. there have been losses, but the outlook is better than expected. >> let's take a look at some closing numbers. in frankfurt, germany's blue- chip dax closed higher at 7272. the dow jones industrials are currently going up at 12,213, and the euro is trading for $1.38. and strengthening a division at a company. both sides have decided to keep the purchase price under wraps. revenue was around 220 million euros. this was due to lighting systems in germany and china, and it employed over 1000 people, working on infrastructure projects, including sports arenas. the scandal on the german defense minist is widening. >> it seems that the academics are now weighing in. over 20,000 academics have signed an open letter to chancellor angela merkel criticizing response to guttenberg. merkel had referred to it as "a minor matter." last week, the defense minister said the work conta

jermaine's blue cp dax closed down-- and germa's blue-chip dax closed down about a fifth of a percent. the dow industrials are sliding 1.5%. and eurure -- the hero is currently trading at 1.02. -- the bureau is currently trading at 1.02. the german retailer performed well on most markets. over 100 new stores were open, especily ichina, indiaand ruia. it does say that external factors, the north of african unrest, and the japanese and catastrophe have a feddis -- the and the japanese could have to be have affected sales. >> supplies have been slow to reached supermarkets, including branches of matro. >> we do not have the goods availae to the extent that we used to. that has to doith the fact that much of the infrastructure is damage. i think it will be sorted out in the next few weeks. >> japan is one of their smaller markets, compared to china or vietnam, where the retail chain has a substantial presence in the market. with the company's best annual results under its belt, they're planning to open more stores in countries where the economy is growing fast. >> no one else offers the r

the dax has been driven bound more than 1 1/2%. utility shares have been hit hard. they lost because of the fact that the discussion started off about the safety of nuclear power plants here. >> now, here is a quick look at the market numbers in more detail beginning first in frankfurt where the dax closed on the day at 6866. and we head over to new york where the dow jones industrial average is also declining at 11,993. the eurois gaining again the dollar at 1.3996. well, the earthquake in japan ías also had an effect on oil prices. the price of light swede crude dipped below $100 a barrel monday before rising slightly. the reason for the short-term drop in price is a temporary reduction in demand from japan, one of the world's biggest oil importers. demand is expected to pick up once reconstruction begins, at least four of japan's own refineries were shut down after the quake. meanwhile, a number of german companies are evacuating their foreign employees from japan. at bmw, 50 workers are returning to germany monday according to a spokesperson at the company's hea

we start in frankfurt -- a dax settled at 6647. in new york, the federal reserve held its overnight lending rate at 02 .25%. the fed kept crisis measures in place to have a clearer u.s. economy. the euro is trading at 1.3993 u.s. dollars. european union finance ministers agreed on a set of tougher budget rules aim to shore up market confidence and help end the sovereign debt crisis. th new rules include tighter monitoring of debt and deficit levels. one of the main point sharpening the budget rules is to make sanctions for offenders more automatic. the package still needs to be approved by the european parliament. that's it for business. back to you for more news. >> foreign ministers of the group of eight countries meeting in paris have failed to agree on imposing a no-fly zone over libya. france and britain have pushed hard for intervention but four ministers will send the matter to europe -- to the un security council. in libya, rebels have fled one town after it was a salted by forces loyal to gaddafi. >> with their interior fi

the dax went up slightly.his shows that investors fear inflation more than a little bit more expensive money. also, the euro went up sharply. because of that, if interest rates will be raised in the euro area, the year will be more attractive than the dollar for investors. >> let's take a look as the closing market numbers. in frankfurt, the blue-chip dax closed over 0.5% up. euro stoxx 50 gain 0.3%, 2969. in new york, the dow industrials are currently going up, 12,271. the euro is ready for $1.3955 at the u.n. food and agricultural organization confirmed the food price index rose in february for the eighth consecutive time. the fao says prices topped the 2008 peak, which sparked food riots in several countries at the time. -prices h hped trigger the wave of unrest currently sweeping north africa and the middle east. >> the various times -- of various types of wheat-based pratt are stable throughout the arab world. people in egypt are having to pay more for their traditional bread. the u.n. food and agricultur

the dax closed at 6656, just over two percentage points up. the 50 on thether hand at 2786. we go over to new york where the dow jones industrial average is trading at 11,774. the euro trading for $1.4019. with the potential nuclear power plant disaster looming in japan, the future of energy sources is one of the hot topics in germany. already seven of the country's oldest nuclear power stations are being taken off the net and at the energy exchange, the market is already responding. >> one-day hike is rare at the leipzig energy exchange. when the government announced the moratorium for seven plants, the electricity prices raced ahead. trading in electricity measured in terowatt hours has been brisk. >> total consumption including industry is 500 terowatt hours. we deal with 10% on a trading day. that increased by four over the last few trading days. >> with german atomic power stations are undergoing safety checks. if half of the plants were taken offline, the big question is where will people in germany be getting their electricity from? the answers aren't yet clear. thing

the dax sought a substantial rally, pushing up to close at 7,057. the euro stoxx 50 also chalking up gains, ending the day at 2,936. about three minutes ago, 12,000,300 points. the euro trading higher against the dollar. irish life has suspended shares from trading in london and dublin after its share price went into free-fall following media reports that banking stress tests carried out this week might force it into a state control. irish life is the only domestic lender in ireland to avoid a government bailout so far. their insurance business is profitable, and it did not have any exposure to the commercial property market. however, its banking arm did borrow heavily to finance loans, and many are being in trouble. that is business. back over to you. >> what ever happened to -- those mortgages. more violence in ivory coast. forces loyal to the internationally recognized president have entered the capital. it is the latest round to fall in their four-month struggle against the incumbent, who has refused to step down after losing they disputed novem

will see that point for dax point nine percent mining stocks among the biggest decline is in europe as gold prices are moving randgold resources down five percent barrick gold is three point six percent lower . soaring food prices are keeping the world central bankers worried as they try to anchor down inflation low crop stocks and poor weather conditions are the key factors which are sending costs and this hope the markets will stabilize by the end of the. we have seen a very very solidly secular train across our cultural commodity price over the last twelve months and a lot of this is really common the backward production side done creates mostly by weather conditions we're in an environment where demand has bounced back quite nicely after the recession and we're also finding ourselves in a future which is being characterized reffin inventory levels so this do a lot of uncertainty in the market and with. low and so thin you are going to see the markets react in quite nervously but we do expect a moderation in terms of culture prices in the second half of this year so we do think a

here is a quick look at the numbers in more detail, beginning in frankfurt, where germany's blue-chip dax closed at 6515. the dow jones industrial average closed at 11,613. the euro declining against the dollar today at $1.3893. germany has decided to shut down seven of its 17 nuclear power plants. that is leading to a drop in power supplies and putting upward pressure on electricity prices. in leipzig, the price permit what our on wednesday hit a two- year high above 59 euros. it is a huge burden for energy intensive companies such as steel producers and the chemical sector. in japan, the impact of the quick on the global economy could be worse than previously thought. japan is a major exporter of high-tech components, and with large parts of their infrastructure crippled, companies around the world may face a supply disruptions for electronics. >> japan produces 20% of the world computer chips. the chips are used in a number of consumer products, including cars, cameras, and computer game consoles. toshiba, sunny, and a touchy -- sony, and hitachi are all located away from the center of

we start in frankfurt -- a dax settled at 6647. in new york, the federal reserve held its overnight lending rate at 02 .25%. the fed kept crisis measures in place to have a clearer u.s. economy. the euro is trading at 1.3993 u.s. dollars. european union finance ministers agreed on a set of tougher budget rules aim to shore up market confidence and help end the sovereign debt crisis. the new rules include tighter monitoring of debt and deficit levels. one of the main point sharpening the budget rules is to make sanctions for offenders more automatic. the package still needs to be approved by the european parliament. that's it for business. back to you for more news. >> foreign ministers of the group of eight countries meeting in paris have failed to agree on imposing a no-fly zone over libya. france and britain have pushed hard for intervention but four ministers will send the matter to europe -- to the un security council. in libya, rebels have fled one town after it was a salted by forces loyal to gaddafi. >> with their interior f

this led to a small [unintelligible] but at the end of this session the dax closed in positive territory because the uncertainty remains. the yen went down a little bit because te g-7 states are sure they don't want the yen to go further on. this has been seen very positive here. >> let's get a closer look at some of the numbers. we go back to frankfurt where theax closed higher. in new york the dow jones rounding out the day and 11,858. the hero had a good day against the dollar. -- the euro had a good day. opal is the first european company to cut output because of supply disruptions. they plan to halt production next week. at the plant in germany two out of three ships will be cut on monday and tuesday. the plant will remain shut all of monday. the cutbacks come one day after spy problems caused gm to temporarily shut down a u.s. plant. >> thank you for that. we would like to recap our top stories. the international community is gearing up for military action in response to a un operation of the rising military force against the gaddafi regime. obama has threatened to join in the mili

into renewable energy, and the election also put more pressure on some companies, like e.on, in the dax. people were treading carefully because of all of that news coming out of japan. >> in frankfurt, we can stay for a closer look at monday's numbers, and the blue-chip dax closing just slightly lower than the euro stoxx 50 it locking in slight gains for the day. across the event in new york, the dow industrials are at this hour slightly lower after trading a bit higher earlier in the day. and on currency markets, the euro trading at about the of $1.40. the bond market is losing even more companies in portugal. yields for government bonds went to record highs of more than 8% on monday, and investors demanded an 8.7% yield on the heavily indebted country's five- year yields. their credit rating was lowered, and this came after the austere to measures fail to pass in parliament. many expect portugal to resort to an international bailout to finally get its economic house in order. now, back over for some news from france. >> angela merkel, not before mr. sarkozy. the french president suffe

jermaine's blue chip dax closed down -- and germany's blue-chip dax closed down about a fifth of a percent the dow industrials are sliding 1.5%. and europe -- the hero is currently trading at 1.02. -- the bureau is currently trading at 1.02. the german retailer performed well on most markets. over 100 new stores were open, especially in china, india, and russia. it does say that external factors, the north of african unrest, and the japanese and catastrophe have a feddis -- the and the japanese could have to be have affected sales. >> supplies have been slow to reached supermarkets, including branches of matro. >> we do not have the goods available to the extent that we used to. that has to do with the fact that much of the infrastructure is damage. i think it will be sorted out in the next few weeks. >> japan is one of their smaller markets, compared to china or vietnam, where the retail chain has a substantial presence in the market. with the company's best annual results under its belt, they're planning to open more stores in countries where the economy is growing fast. >> no one else o

. >> at the end of a volatile week the dax took a nosedive. the uncertainties that struck the market down are still high as investors are saying [unintelligible] on the turmoils we see in the arabian world. investors waited for new economic data to come from the u.s. the jobs market has been better than expected. the unemployment rate went down in the u.s. and industrial on those have been better, but charisse went down sharply because if the situation is too good people start to discuss interest rates. >> let's take a closer look at the market numbers. the dax closed down words. the dow jones industrials are going down at 12,123. the euro is trading at $1.39. air bus parent said it will not protest the pentagon's decision to order an error table -- air tanker project. it is one of the largest contracts in the defense department's history. boeing and airbus fought for years over the contract and battling over -- a day of action as unions caused the destruction. workers launched a series of protests to demand better pay rises. strikers blocked

beginning in frankfort, the dax closed up 12 points. across the atlantic, the dow jones still gaining. the euro lost steam, trading at $1.40. germany's benchmark confidence index dipped slightly in march for the first time last year. they posted 20 year highs for three consecutive months. most expected to get a steeper drop due to the conflict in libya. >> a lack of japanese electronics corporations has forced some automakers to cut back production, but the majority of companies are in fine shape. >> the main part of the manufacturing industry is still producing at full capacity. if things don't get significantly worse, the production increase will continue. >> that is what is [unintelligible] the index has been rising steadily since 2009. last month it reached its highest level in 42 years before dipping slightly. the polls -- they pulled 7000 businesses every month for their economic situation. >> germany's third largest bank posted a loss last year but it is an improvement from the year before. [unintelligible] during the financial c

out of japan. >> in frankfurt, we can stay for a closer look at monday's numbers, and the blue-chip dax closing just slightly lower than the euro stoxx 50 it locking in slight gains for the day across the event in new york, the dow industrials are at this hour slightly lower after trading a bit higher earlier in the day. and on currency markets, the euro trading at about the of $1.40. the bond market is losing even more companies in portugal. yields for government bonds went to record highs of more than 8% on monday, and investors demanded an 8.7% yield on the heavily indebted country's five- year yields. their credit rating was lowered, and this came after the austere to measures fail to pass in parliament. many expect portugal to resort to an international bailout to finally get its economic house in order. now, back over for some news from france. >> angela merkel, not before mr. sarkozy. the french president suffered a setback in local elections. 20 percent of the vote was taken, coming in second behind the opposition socialists, who got 36%. another performed strongly with almost 1

we go back to frankfurt where the dax closed higher. in new york the dow jones rounding out the day and 11,858. the hero had a good day against the dollar. -- the euro had a good day. opal is the first european company to cut output because of supply disruptions. they plan to halt production next week. at the plant in germany two outn monday and tuesday. the plant will remain shut all of monday. the cutbacks come one day after spy problems caused gm to temporarily shut down a u.s. plant. >> thank you for that. we would like to recap our top stories. the international community is gearing up for military action in response to a un operation of the rising military force against the gaddafi regime. obama has threatened to join in the military action if gaddafi does not comply with demands for a cease fire. emergency crews have been down cindy fukushima -- have been dousing the fukushima nuclear power plant. many continue to shop for from food shortages and cold weather. we will continue to bring you all of the latest news and animation. st

the dax has been driven bound more than 1 1/2%. utility shares have been hit hard. they lost because of the fact that the discussion started off about the safety of nuclear power plants here. >> now, here is a quick look at the market numbers in more detail beginning first in frankfurt where the dax closed on the day at 6866. and we head over to new york where the dow jones industrial average is also declining at 11,993. the eurois gaining against the dollar at 1.3996. well, the earthquake in japan has also had an effect on oil prices. the price of light swede crude dipped below $100 a barrel monday before rising slightly. the reason for the short-term drop in price is a temporary reduction in demand from japan, one of the world's biggest oil importers. demand is expected to pick up once reconstruction begins, at least four of japan's own refineries were shut down after the quake. meanwhile, a number of german companies are evacuating their foreign employees from japan. at bmw, 50 workers are returning to germany monday according to a spokesperson at the company's h

the dax closing flat at 6934 points. the euro stocks entering lower. in new york, the dow is getting a pretty healthy rally. they closed it out at the top of the hour. the euro trading at $1.41. what is billed as the beating international fare for the wine and spirits industry finished up in duesseldorf. 36 exhibitors were showing off the latest trends in the industry. the number of visitors was up 5% this year. there was a staggering 1000 wines to sample. the world's most expensive to kill also got a lot of attention. this bottle you see selling for 2.5 million euros. -- the world's most expensive bottle of tequila got a lot of attention. >> the ivory coast is on the brink of civil war. the incumbent is in choosing to -- refusing to give up power. several cities have been taken over across the country. the violence could escalate further. more than 1 million people have already fled the fighting. the japanese national soccer team has taken part in a match to benefit the victims of the japanese earthquake and tsunami. they faced an all-star team from t

germany's dax gave up 0.25%. the zero stocks -- eurostoxx 50 slid. the dow trading at 12,086 points. the euro trading at a value of $1.3967. airbus says as asia's fast- moving economic growth fuels demand for air travel, it expects airlines in asia to take delivery of nearly 9000 aircraft in the next 20 years, representing 1/3 of global growth. airbus expects demand from china to make up the lion's share. airbus will be delivering its first a-380 to china airlines later this year. increasing traffic is causing china to rethink its aviation policy. >> aircraft's can spend a long time waiting to depart chinese airports. delays have become routine. traffic volumes are growing so fast that infrastructure can barely keep pace. 2010 passenger figures were 16% up on 2009, squeezing facilities. beijing is the second busiest in the world and has the world's worst record for delays. ipchinese aviation authorities e aware of the problem and are responding with an extensive program of construction projects over the coming years. >> china is preparing to build ab

court>> things have been up andn the la few weeks in fnkfurt, the dax is of over 2%.he leading eurozone companies index is 2860, up almost 2.5%. new york industrials are up 12,000 points. that is 1.5% of. the bureau is trading at $1.42. man is back in the black. the outlook remains positive for this year. the company is projecting revenue growth of up to 10%. demand for new commercial vehicles has picked up again. merger talks with the swedish competitor have been delayed by a corruption investigation. oil futures rallied in monday trading. investors reacted to the military intervention in libya. the price climbed 2% to more than $116 per barrel. the escalating unrest in the middle east is also driving the price along with the air strikes. libya's crude output has fallen by 3-4. production could be stopped because of damaged facilities and sanctions. >> knut was the superstar of the berlin zoo. his sudden death at the age of four has triggered speculation as to the cause. he collapsed and died in his compound on saturday. hundreds of people have flocked to the enclosu

the dax went up slightly.his shows that investors fear inflation more than a little bit more expensive money. also, the euro went up sharply. because of that, if interest rates will be raised in the euro area, the year will be more attractive than the dollar for investors. >> let's take a look as the closing market numbers. in frankfurt, the blue-chip dax closed over 0.5% up. euro stoxx 50 gain 0.3%, 2969. in new york, the dow industrials are currently going up, 12,271. the euro is ready for $1.3955 at the u.n. food and agricultural organization confirmed the food price index rose in february for the eighth consecutive time. the fao says prices topped the 2008 peak, which sparked food riots in several countries at the time. -prices helped trigger the wave of unrest currently sweeping north africa and the middle east. >> the various times -- of various types of wheat-based pratt are stable throughout the arab world. people in egypt are having to pay more for their traditional bread. the u.n. food and agricultur

the dax closed at 6656, just over two percentage points up. the 50 on the other hand at 2786. we go over to new york where the dow jones industrial average is trading at 11,774. the euro trading for $1.4019. with the potential nuclear power plant disaster looming in japan, the future of energy sources is one of the hot topics in germany. already seven of the country's oldest nuclear power stations are being taken off the net and at the energy exchange, the market is already responding. >> one-day hike is rare at the leipzig energy exchange. when the government announced the moratorium for seven plants, the electricity prices raced ahead. trading in electricity measured in terowatt hours has been brisk. >> total consumption including industry is 500 terowatt hours. we deal with 10% on a trading day. that increased by four over the last few trading days. >> with german atomic power stations are undergoing safety checks. if half of the plants were taken offline, the big question is where will people in germany be getting their electricity from? the answers aren't yet clear. thing

and credentials are losing our leverage more than two and a half percent and the dax is flat. will be going to rush or the mauritius on the mice it's a close up about zero point three percent how well they have slightly retreated from their early morning gains. tracking asia high on cheap allegations in japan and hopes the economy will link back to normality of course let's have a look at some individual moves most banking shares are posting gains for frank point two percent of the energy shares are made with us despite all the crisis raining all the tile sad news from japan is pushing world markets why will this situation in libya and bahrain if supporting high oil prices with ongoing insurgency old world crude oil supplies out to the region cross nafta's rising more than one point five percent and look well it's almost episode high at this hour now chris with the world save explains why the current oil situation ace favoring russia. in many ways this combination of the threat of a disruption in the middle east providing support to the oil prices while at the same time the ri

in your shares of managed to somewhat recovery efforts in just the no chin positive territory the dax still down a cent this is as investors are continuing to pressure being rest of the middle east and north africa. turned to russia now where markets ended in the positive territory wednesday's trade this is after the positive opening in the united states the russian energy sector is benefiting from oil prices and gold companies assuming a significant gains as the price for precious metal gets i'll take a look at the second first some of the stocks one is gold. of the biggest gainers two and a half percent energy majors also including gas probably on point two percent of the treasury goods burbank was down zero point four percent price of gold is a new record highs investors turned towards the precious metal in times of uncertainty so was also in demand half a percent to thirty four dollars eighty four a stance. sevastopol is seeing three steel plants in the united states go for sale for two hundred twenty five million dollars the company said the private holding firm the group has agr

states the day has been dominated by the economic impact of breaks and tsunami in japan frankfurt's dax is down one hundred percent for the time problems. timely to russia the picture here rosier than anywhere else the r.t.s. is up one point two percent my six point eight percent if shaken off concerns over situation in japan secular some of the individual stocks and most energy shares are up that's despite world dropping another two percent after. shot fall on friday just for moving as good as involves three point two percent for most students more than three weeks as the government asked the company to considering recently five natural gas shipments terms of pad was now there's also up one point four percent and ross telecom is bucking the trend is down point nine sets this up. that's all for now us will be back with an update of the situation and japan after a short break stay with us. for the full summit we've got live from. the biggest issues get a human voice face to face with the news makers on our team. is he. even. says. if. russia would be so much brighter if you knew.

mining sector slightly narrowed its early gains up because of course up about a quarter percent and the dax was up one point eight percent. and here in russia there are tears in the eyes of spanish when faced session in the black hole covering from chooses losses with the my six gaining more than one half percent and the r.t.s. was up point nine percent at the close let's have a look at some of the individual share moves energy majors were enjoying gains from gaining more than two point three percent look i wasn't far behind with two percent banking stocks will also on the rise was wrong point six percent down from my six. russian metal major move a loop it still has posted a six fold increase in its annual net profit it totaled one of the crucial billion dollars coming in slightly shy of them a spall kratz the increase in profit is mind with the offer still make as well the world's a company forecasts of ten percent increase in our this year. after four consecutive sessions of pe instruction stocks soar and correctional tuesday how whether they were turned back into positive territory on w

european stocks now in the picture they're more rosy than the united states the footsie on the dax more than three quarters of a percent the u.k. indexes helped by strong results from the insect group sound like communications for inmarsat are going to charge the upper forty twenty seven results here in russia the markets are closed for a public holiday what you're seeing on your screen is actually u.s. markets again fortunately still experienced the last trading session the black i'm still talking about the russian markets saturday session was positive most blue chips were last week it was burbank p.t.b. up more than one point two percent apologies for this technical glitch. russia has been running fifty nine in the list of the world's most compelling. countries in terms of tourism report compiled by the world economic forum soak into account environment infrastructure and natural resources of one hundred thirty nine countries switzerland tops the list with germany in second place followed by roads russia got relatively high marks for its nature culture and culture but has yet to impro

oil output to keep prices down pussy is currently up losing less than a quarter of a percent in the dax a spear point nearly forty three percent. foreigners who tried to make a living in russia have long realised that for all its ups and downs doing business here can prove very profitable artes example of what has been following the progress of one french author whose life has turned out distinctly rosy. we like a few of them fringe this like see. they do something i try to do it's different when florence grows roses with an unusual twist and smell it. intriguing smells with intriguing prices it's a niche market anyway it's so you can buy me the. normal roses and we will be buy one of these and here is where this french business woman built her business eating and we don't have no three in the me that have nowhere. it's a small village two hundred kilometers away from moscow first off thank you still here russia is very good there are a lot of fields and you can go anywhere but it was so in the laws of this country and. of the law you don't go just where you work you go where you know t

european stocks will soon be closing a session that also lower the dax down one point six percent the footsie point nine percent here in russia the picture is quite different we all see us and my six have shaken off concerns of the situation in japan not in all stores we're seeing the r.t.s. gain point eight percent or because of my six point four percent the main driver of that is gas chromium shares a rock three and a half percent at the close off the news that the government asked the company to consider increasingly for five natural gas shipments to japan and rosneft is also gaining points eight percent at the close bucking the trend banks burbank is down one point seven percent and ross telecom down point eight percent on the license. russian oil company bastion after them final talks with lukoil to jointly develop the deposits in the arctic. on the disputed tender to develop the world deposits lukoil and a number of other companies total investment is estimated to be worth for from five to six billion dollars and brashness has been searching for a partner to share the costs and

creating more output to keep prices down what is currently up less than a quarter of a percent of the dax is gaining point three percent. foreigners who tried to make a living in russia have long realized that for all its ups and downs business here can prove very profitable. caller has been following the progress of one friend. whose life has turned out just. connector fuel and french dyslexic i do something i try to do it's a different way around us grows roses with an unusual twist. like intriguing smells with intriguing prices it's a niche market anyway. so you would buy me the. normal roses and would you would buy one of these and here is where this french business woman built her business it's in and we don't have no three in the middle of nowhere. it's a small village two hundred kilometers away from moscow first of think you see or hear russia is very big there are a lot of fields and you can go anywhere but you know so no laws of this country and. of the law you don't go just where you want you go where you know but then no it's like a very very small country even smaller than fr

now european stock markets and makes this are the footsie has recovered from early losses while the dax is trading lower u.k. indexes helped by strong results from intertie group satellite visitations firm inmarsat dropped sharply after reporting its two thousand and ten results lying stocks are mostly low in london both rio tinto and been down resources are down. and here across the markets a close for public holiday stocks finished their last trading session in the black most of the blue chips were higher last week with banks and b. to be up over one percent. continued growth at all prices and a strengthening look of being the main drivers for russian markets in the coming week brian business from uni credit security says the ruble is giving room to the russian retail sector as well. you will continue to strengthen obviously that's going to be proved very supportive for a lot of the russian consumer names definitely getting more optimistic about may need x five going forward the banks will benefit indirectly from the struggling ruble still like sperm bank right now but of course we ex

and prevention are all losing on average more than two percent but dax is up twenty three in russia the odds yes my stocks have another fifteen minutes of trading left above one percent. so this is of course lower than the initial gains that we've seen the beginning of the session as they were tracking asia high on cheap valuations in japan and hopes the economy will move. back to normality in june cause a look at some of the stocks most banking shares are posting gains burberry you see their point eight percent up energy shares of the main winners rosneft up one half percent lukoil one percent is some kind of tug of war here present because of the sad news from japan pushing world markets in the same time situation in libya and bahrain are supporting high oil prices with the ongoing uncertainty of kreutz of wise for the region. and russia's finance minister says oil prices may surge to two hundred dollars per barrel in the near future that's against the backdrop of the political turmoil the middle east and the crisis in japan you noted that speculation can also push fluctuations in the

action and also wait after this for about five point zero that go up at the moment only marginally the dax zero point zero five to seven point one seven right now russian markets are mixed this hour with the my say down almost half a percent on the hour here nothing there about point one percent. we'll see reporting for on your us. companies we don't expect any surprises we are blue sure and buy recommendation to motorola and holding from news from your us we still don't see a new series inflows the. fortunes of the market is trading on tiny walloons this why we see very good interest for two years so you lose what is for certain to use and through tears and. almost that would almost be true as from international justice yes. the world's biggest alamy and producer roussel has posted a more than three fold increase in net profit figures for two thousand and say ten share revenues up by a third to ten billion dollars with a profit of two point eight billion dollars traded on the hong kong market and shares have been up almost five percent on this news the company says it plans to expand prod

show the currencies are just on the hot percent backed by strong gains from the mining sector and the dax is up one point eight percent this hour. and here in russia the markets are staying in positive territory both the r.t.s. and the y. six have recovered from tuesday's losses with the wise it's gaining on the last one point three percent in the r.g.s. is up six percent point six percent at the moment. as have a look at some individual moves energy majors are enjoying gains gas from is gaining more than two percent the problem is not far behind it's up just under two percent banking stocks are also on the rise was wrong point seven percent on my sites. on russian metal major new the look still has posted a six fold increase in its annual that profit it total going to quarter billion dollars though coming in slightly shy of them as price increases and profit is in line with the still makers around the world company forecasts a ten cent increase in our base year. and that the board of directors of russia's state owned companies start to get a big overhaul president wants all ministers and

europe where stocks are trading mixed reports is down slightly less than a quarter of a percent of the dax is up half a percent europe's largest air space. gaining over four percent after it announced net profit of seven hundred forty million dollars for two thousand and ten rolls royce group is also up on news of a joint venture with guns are here in russia markets are trading high after a two day break energy stocks are driving indices are on high oil prices let's look at something individual shambles their bank is gaining one hundred percent on both bucking the trend. that is losing point seven percent. and all prices are drifting low although fundamental support remains asked one more in the middle east showing no sign of abating greatest trading at one hundred twelve dollars a barrel together with the u.t.i. which has dropped to one hundred and forty one. the cost of insuring russian debt against default is following the lowest levels in more than two years. helping the world's largest energy exporter cut this year's record. the so-called credit default swaps slipped to one hundred tw

also added pressure to the downside after the break down for a proxy is down by point one percent the dax more than half of its. there and russia the markets are also seeing a correction on negative news from our broadband it's deepening with every hour energy majors are trading in the red the wait by no group prices is shedding a two and a half percent lukoil almost a two and a half true north little forces losing more than two percent following a correction on the global commodity markets. now the news russian mobile operator ventile com has reports of the percent increase a net profit of twenty percent year on year but how many has benefited from economic recovery in its main markets and the merger with ukrainian operates a key of stop. boeing could be poised to invest around thirty billion dollars in russia over the next twenty years the space giant is looking at developing projects in the telly tanian valley special economic zone and russia's urals company officials as well as suppliers and partners are visiting the region this week which could result in a package of agreements being

asia the footy is up just about half a percent backed by strong gains from the mining sector and the dax is up one point six percent this hour and here in russia the markets are staying in positive territory both the r.t.s. and the my sites have recovered from tuesday's losses with the my six gaining almost one point three percent and the r.t.s. is up by around half a percent at the moment let's take a look at the individual share moves energy majors are enjoying gains gazprom a new color both up around two percent banking stocks are also on the rise with sperm bank up around point seven of a good of a percent on my sex. russian missile major novella pets steele has posted an increase in huge increase i should say in annual net profit there are almost six fold to one and a quarter billion dollars but coming in slightly shy of analysts forecasts the increase in profits is in line with other steel makers around the world the company forecast a ten percent increase in output this year. there's some new faces in california's silicon valley and russian some of the biggest russian companies ha

is gaining around one per cent with the dax more than two percent in the black telecom shares are on the rise led by georgia telecom it jumped fourteen percent after a weekend deal to sell its t. mobile y. as a unit to a t. and t. here in russia markets are trading makes this hour the r.t.s. is gaining half a percent but the my sex has slipped into negative territory oil related stocks mostly in the black on stronger commodity prices. russia's second largest oil producer luke oil is gaining half a percent rosneft is trading in the black and up by around a third of a percent bucking that trend is the auto industry with russia's largest carmaker for. almost two percent the world's third largest miner rio tinto was eyeing a partnership with russia's diamond producer our rossa to develop a large diamond deposit in the north of the country that's according to the financial times reserves are worth roughly twelve billion dollars as a twenty five percent share in global mining globing global diamond mining. as that for your business update i'll be back next hour with more and you can always

whose shares dropped almost four percent after its earnings missed forecast mostly footsie and the dax are still flat as our. russian markets makes this out with the my sex op sorry my safe down point almost point five percent in the r.t.s. up almost point three of a percent. balance have a look at some individual share moves the energy majors are all losing this hour with lukoil and rosneft down around point eight and point six two percent respectively norris miku is also in the in the red with one point two percent down . the world's biggest economy and producer roussel has posted a more than three fold increase in net profit figures for two thousand and ten show revenues up by a good ten billion dollars with a profit of two point eight billion dollars traded on the hong kong market and shares have beat out almost five percent on the news the company says it plans to expand production in two thousand and eleven. and it's also good news from one of russia's big and mining steel companies everette its profits in two thousand and ten is up to five hundred thirty million dollars with a n

put so use the slightly up just point one percent the dax is down. here and russia markets have managed to recover slightly from when we last looked at them they were suffering losses following negative trends in the asian markets the r.t.s. is still down point two percent in my six managed to actually go into positive territory by just a notch sigurd's some of the stocks the most energy majors are losing as oil declines with gazprom is up point eight percent. as one of the biggest gain is up two point four percent on the new incoming orders from the government meanwhile banking stocks are among the main losers was a bag shedding point six percent. and now the news russia's state controlled oil pipeline monopoly transnet is to invest five point seven billion dollars in the. construction of new facilities this year it will help the company build over six thousand kilometers of new pipelines more than half the money will be spent on developing the east iberia pacific ocean pipeline which exports russian crude oil to the asia pacific markets. national o

shares across sectors europe stock markets low of course on the news of japan's goods would see in the dax are trading in the red reinsurers suffering the most these companies are issuing back up insurance to primary insurance system can cover large losses from disaster is exactly the case russians also declining for a third day as well russia's main revenue earner tumbles after the earthquake in japan. retreating over one percent around a percent m i six losing half a percent take a look at some individual stocks energy stocks still bucking the trend lukoil is up one percent point three percent this is as there was a massive decline the previous session is down one point two percent. and crude oil continues to fall it's actually increased as declaw. more than two dollars right now as processing plants. officials. from the u.s. and china. and in other news russia's largest bank has finally agreed to require investment banks. as part of. this plan to build its own investment. bank announced at a press conference today that they're planning to buy russia's oldest investment bank. is going to

markets now here's europe where stocks are trading mixed reports he has slid into the red while the dax is gaining over half a percent of largest airspace for its getting over four percent after it announced net profit of seven hundred forty million dollars for two thousand and ten rolls royce group is also up on news of a joint venture with calendar. here in russia markets are trading lower this hour sliding oil prices driving investors from energy stocks to the other sectors let's look at some individual share moves banks are on the rise supported by positive results of bank of america where bank is gaining around half the size of the a lower nickel and copper futures away on metals stocks but now it's critical setting almost eighty percent. and all prices are mixed with one or at least a show no sign of abating brands trading one hundred thirteen dollars fifty cents a barrel this hour while i have stopped twenty six cents to a hundred and four dollars about. the cost of insuring wasn't dead against default is falling so its lowest levels and more than two years high oil prices are he

the currency is up just about half of the science but by strong gains from the mining sector and the dax is up one point six percent. and here in russia the markets are staying in positive territory both the r.t.s. and the mice it's have recovered from tuesday's losses but the noise it's gaining almost one point three percent and the r.t.s. is up by more than half cents at the moment. pipes hell look at the individual moves now and energy majors are enjoying gains gas promised gaining more than two percent oil is not far behind one of the help sent higher banking stocks up also on the rise was one point eight percent on the bisons. brush metal major move all of this still has poses a six fold increase in its annual net profit totaled one hundred billion dollars coming in slightly shy of venice full price increase and profit is in line with other still makers around the world company forecasts a ten percent increase in our best year. well some new faces in california's silicon valley they are russian some of the biggest russian companies have opened an office in the heart of the high tech

slightly up just point one percent while the dax is down a point to. where russia markets are trading in the red this hour following losses in asian markets the r.t.s. is down forty four percent my six point one percent is take a look at some of the stocks most energy companies are losing this hour gas from is bucking the trend is up zero point three percent in the mindset meanwhile banking stocks are down this burbank down half a percent roster they call it is still the biggest gain of two and a half percent continue its rally from friday when it turned out to be the sole contractor for the social government program. russian oil group b.p. may be broiled in a dispute between its major shareholders but it's still trying to improve its operations as it gets on with the every day business of extraction the company's vice president explains to business out see some of its plans for increasing efficiency. we are going to spend time both one from a million dollars. in the following investment into energy if you show support and total results in three years

case footsie index is trading around half of the same that strong gains from the mining sector and the dax is up just over one percent this hour. here in russia the markets are staying in positive territory this hour both the r.t.s. on the my sense have recovered from tuesday's losses with the my six gaining around one point three percent and osseous up by almost twenty seven percent this action follows gains in the asian markets that is take a look at the individual share moves energy majors are enjoying gains gazprom and lukoil are both up more than one point five percent banking stocks are also on the rise with up to seven percent on the my six. russian metal major novella pits steel has posted a huge increase and your net profit there are almost six fold to one and a quarter billion dollars coming in slightly shy of analysts forecasts the increase in profit is in line with other steel makers around the world but company forecasts a ten percent increase in output this year. out of russia is one of the few places in the world where the web search engine google has struggled to step list