on the my six financials are feeling pretty bad with this burbank dropping one and a half percent lukoil is fairing a bit better and you're of the markets of also opened on the negative notes but the fairing better than asia or russia now in london standard chartered is actually up by a notch as the bank continues to fight off allegations that it's been laundering a quarter of a trillion dollars for iraq and more details on that story the bank argues that only fourteen million dollars worth of deals were potentially dodgy under u.s. legislation now the troubled lender lost a quarter of its market value when new york officials went public with the charges british banks troubles kicked off for transatlantic spats with none other than london mayor boris johnson accusing new york of damaging london's reputation as a financial british m.p. john mann agrees it's a targeted attack on the british financial system what the american politicians and regulators are doing is specifically targeting with over emotive language british banks and the reason is that new york he's trying to steal part of th

by lukoil and the country's north wales company . very quickly a second look at what was happening in the united states in the previous recession it was mixed with the nasdaq up and that's as a trade deficit is shrinking in the u.s. and as a good sign could mean higher g.d.p. figures for the second quarter. now the hour euro is still falling versus the dollar as we are indeed seeing a bit of a sell off on the markets and investors are moving out into the greenback and the russian ruble is losing against both currencies at the beginning of the trading session today on friday see there around half of the cent against for currencies and the russian market is indeed dropping in the first minutes with the r.t.s. already declining more than one percent financials are leading the losses with d.t.b. down almost one percent point eight percent but look i was doing a bit of bad science down just a third of a percent after that reported potential team up with china sea and sea. and now standard chartered is fighting back accusations that it has

also china's national petroleum corporation is in talks with russia's lukoil to join its west kind of two project in iraq russia's largest private oil companies looking for a partner for a thirty percent stake in the project west kind of two is one of the largest world appalled. in iraq which is now explored by luke or and the country's north well. it's move over to other markets let's go to currencies where the euro is dropping versus the greenback as investors of course cashing out and cashing out preferably into the u.s. dollar therefore it's in demand as opposed to the euro the russian ruble also shedding value now down almost zero percent versus the greenback russian markets also continuing to drop deeper with the r.t.s. now declining almost two percent m i six feeling a bit better on the weaker ruble but the basically the main drivers of losses burbank which is down around one hundred percent. you've been given that room other see in d.c. might be teaming up with it with in iraq in the west. and over in europe we're also seeing a negative session of that down around half a perce

above the line with russia lenders burbank at the moment gaining around also a tenth of a percent a lukoil has slipped in the red into red as bidding to develop the ukrainian shelf in the black sea and sales revenue of a retailer meat jumped almost by a third last month and the stock is doing quite well getting more than half a percent now onto the currencies the euro is gaining to the dollar this hour after the european currencies showed some weakness on wednesday following some bad news from the euro zone there should move all is gaining to the euro but is trading a lower to the u.s. dollar and the crude futures are trading mixed this hour with brand slipping into negative territory is hovering at around one hundred twelve dollars a barrel what traders are obviously just walk with is the latest stats from china they really want to see more monetary easing and. a largest economy and speaking of a says st petersburg might be russia's going to give us stock is said to become its when due to asia the far eastern city is finishing up the preparations for the asia pacific economic cooperation

biggest lender is bear bank at the moment putting on a just that more than three quarters percent a lukoil is bidding to develop the ukrainian shell from the black sea and sales revenues of a retailer mangini jumped almost the by a third last month asian equities are quiet beats toward the end of their trading session investors expect a lot of data from china and they are getting it's july inflation both consumer and wholesale is lower by zero four swamp in a row that may help tip the policymakers to further stimulate the economy and that's certainly something that investors are hoping for the rest of the data is bad news the country's industrial output in july was lower than expected and a retail sales also came out below estimates to make he's gaining around three quarters of her sound or actually more than one percent after the country's central bank kept the interest rate on change this hour the euro is gaining to the dollar after the european currency showed some weakness in the previous session on disappointing data from the euro zone and the russian ruble is actually gaining to the

and that here in moscow the equities are feeling the pinch the sour shares of private oil company lukoil. the blue chip bucking the downward trend gaining around a tenth of a percent. and that's all latest from the business desk i'll be back in about fifteen minutes see them go see that. part of the headlines here in just a moment here and then we've got some witness accounts deep from the conflict inside syria see you shortly. after going down of the song and good morning we will remember that we will. news today violence is once again flared up. these are the images we're seeing from the streets of canada. a giant corporations are rooted a. few. blocks for joining us here just in time for the headlines of the e.u.'s paymaster heads east germany's chancellor is in china trying to convince beijing the euro currency is still stable enough to invest in the euro zone's fourth largest economy spain desperately tries to avoid asking for yet another bailout. syrian officials are walk out of the nonaligned summit in tehran as egypt's president lashes out at assad's government calling it oppress

lukoil afterwards said that it's been buying up around two and a half billion dollars worth of shares but apparently stopped doing that now among other stories after valid shares are started assembling a new read over logan model like ship carrier air float is down the cell it's announced that in the first seven months of the year passenger traffic has gone up by a quarter of it seems that is i'm not impressed and no most bank is showing a huge growth this second or even third to your stock is up thirty percent this out was up around twenty percent earlier in the day that's when reports that financial cooperative corp had to give each year was consolidating the bank's shares. right let's move over to commodities and it's all of what bling yoyo style with light sweet and brands now gaining this is all as american isaak is coming and going and basically providing fears or maybe even playing down fears as to the damage that it may wreak in the future. let's now move over to currencies and the euro is gaining massively versus the dollar on these hopes that the chairman ben bernanke you wi

on energy shares notably lukoil which has been buying up assets massively in the previous days and now it's announced that choosing to secure profits and on the commodities market we're also seeing some kind of easing with light sweet. valley was up more than one dollar twenty cents before so so this is this is the picture we're seeing right now basically with no promise of concrete action the demand for energy is unlikely to change that much in the future to deposit. and in the currency market we are still seeing the euro without barely any change from the previous hour but it's up massively almost one percent as you can see that. the russian ruble is now strengthening against a basket of currencies.

mixed russia's biggest lender is a bear bank at this point is gaining less than a quarter percent lukoil is losing value russia's biggest private oil companies bidding to develop the ukrainian shells in the black sea and sales revenues of the retailer among the meat jumped almost by a third last month and the company's managing to stay in the block this hour now we want to currencies the euro is losing gets that all of the sour after chilled some weakness on the previous trading session disappointing data from the euro zone the russian ruble is gaining to the major currencies and quite a turnaround for crude is showing strength this hour with brand trading up more than one hundred twelve and a half dollars a barrel traders obviously convinced the latest stats from china would lead to some monetary easing at asia's largest economy and speaking of asia's st petersburg might be a window to europe but it looks like will give us the focus set to become a window to asia the far eastern city is finishing up the preparations for a big event. the asia pacific economic cooperation forum known as a

and that here in moscow the equities are feeling the pinch the sour shares of private oil company lukoil of the blue chip bucking the downward trend gaining around a tenth of a percent. and that's always us from the business desk i'll be back in about fifteen minutes see them go see the. art of the headlines here in just a moment here and then we've got our some. deep from the conflict inside syria see you shortly.

of the world today with the rest of global markets and the my six has been driven down mainly by lukoil shares which should take a huge part in the index is weight is pretty pretty solid and that's on the back of the company on baling that has been buying up the two and a half billion dollars worth of its own shares from the market so investors can chose to secure their own profits as there probably will not be and buy back in the future at least in the coming days. and loudest take a look at what's happening in the commodities market light sweet and branch of both gaining one and a half dollars per barrel now on these expectations that there will be stimulus soon that we will soon get some information as to when how and where and therefore this could stimulate the economy could stimulate demand for energy so we're seeing prices rise pretty much now on the currencies market the year is new zing it's steam against the dollar it's now twenty five and a half as you can see was up over one point twenty six at one point and the russian ruble was gaining against both currencies but that's gai

awaited correction it's coming in at least on the my six that is which has been pushed down also by lukoil shares which are down more than two percent of the close as the company unveiled it has been buying up more than two and a half billion dollars worth of its own shares from the market. now on the commodities market everything also looking pretty rosy would light sweet now back at one dollar fifty three last and that's of course in anticipation of these moves that the fed has promised even though it has not provided any information as to when so basically that could spur demand for energy as it would stimulate the economy. and on the currencies market the euro right now is still up but as you can see there one hundred twenty points almost one percent versus the dollar while the russian ruble managed to strengthen at the close of the session against the basket of currencies but that's after several sessions of losses. alright beijing is aiming to use its you one more international trade so far it's trading with the hong kong and singapore in its national currency but it's now eyeing lat

we've seen a mixed session with the help to buy a stronger ruble to the my six was pressured down by lukoil which said that it has bought up two and a half billion dollars worth of its own shares from the market which was the signal for most investors to take in profits and on the commodities market we're seeing a huge jump especially in brant more than two dollars as you can see the light sweet not far away this is on hopes that this stimulus announced by ben bernanke would also propel demand for energy and in currencies the euro is still stronger versus the dollar sixty eight points as you can see there not bad but it was even better one hundred twenty two points at one point and the russian ruble ended the session stronger but the whole week was pretty negative for the fall of the russian parents. and china has been pushing to use its yuan more in international trade so far it's using it in trade with hong kong and singapore but it wants to i now a latin america and the middle east russia has also been calling for that and hong kong's financial secretary john sign has told r.t. that two