billion dollars earlier this year so more capital and russian pipeline operator transnet purchased the port in the black sea to create russia's leading crude export operator and russia's biggest oil trade a good voice turning to other lucrative black stuff it's taking forty three percent stake in u.s. coal miners signal peak for four hundred million dollars the american firm expects the corp of will help you get into new markets and increase production gun vorse says it wants to diversify from oil trading and into coal expecting demand to grow faster than crude in the next twenty years brings us nicely to the oil price it's down continuing from the decline on wednesday on fears demand may falter in europe and the u.s. france's president nicolas sarkozy says talks with germany to boost the firepower of the region's bailout fund have stalled take a look at what's happening with european stocks they are down as investors assessed efforts to fix the region's debt problems there on the...

greece's economic situation looking at the main movers financials are in pain with burbank shedding two and a half percent bank of moscow's also negative territory its net profit has dropped by seventeen times in general to june enter rao a rare. early again this now down point six percent the company reported a nine fold increase in net profit from first half of this year and that there's a submission of the business news on our team headlines are next.