and today my guest is alex. finance ministers of the g twenty countries have reached an agreement not to devalue their currency this seems to have saved the world from what's called the war of currency experts fear a war of this kind could cause chaos on the global markets but is it something we should really be cautious about or are these fears of the past we're asking our guest who is a well known financial analyst and former russian deputy finance minister. the g twenty finance ministers have succeeded in a standoff against china which has been seen as a major troublemaker on the currency markets the u.s. accusing the gene of purposely lowering the value of the yuan which gave chinese gives a competitive advantage on world markets russia has also been worried about possible targets it was as they can boost inflation in the country but use the protective measures like devaluing currencies would be avoided by the g twenty countries helped calm the markets overall some experts say they still have the amp'd of the world

california governor compared russia to gold mine and his assessment is echoed by russia's finance minister alex i could really say chainsaw interview in twenty minutes time in which he explains all changed in russia and why it's not attractive for investment. spoke to with interest rates very low in the west it's possible that something only an emerging markets pressley where the ratio between profitability and reliability is optimal russia is showing exactly this thanks to the government's strict credit policy we have good four x. holdings which means we are not afraid of devaluation or default the country's budget balance is good so is the balance of payments in this respect we are very attractive through. the electoral commission and kyrgyzstan says none of the five parties which won seats in sunday's parliamentary elections has emerged as a clear winner meaning a political stalemate and. international observers say the vote went smoothly and fairly despite anything is a violinist well he's not i don't know they call his monitoring the results in the capital bishkek. rather mixed feelings ab

months from now but there have been many forecasts like that in the past all wrong but russia's finance minister alex sink will didn't believe this one will come true let's find out why i say anything which there have been so many predictions of the kind why do you believe this one will come for. real work began in two thousand at that time i was head of a governmental commission to deal with w t o a session but having graph was the main driver the key stage was in two thousand and four when we signed an agreement with the e.u. it really seemed that we had covered more than half the ground then in two thousand and six we signed an agreement with the u.s. and it seemed to us that we had cover ninety percent of the way however every time something hindered entry and make political reasons did with them was good last time it was georgia that dampened our relations with the us and we could not solve even a purely technical issue with the us now somewhere thinks the green between obama. and their fixing the deadline we have it doesn't result in our bilateral relations it appears to me that should this pol

shares on air flight m b joyed a strong run after finance minister alex he couldn't said the government should sell a minority stake in the erlang he said that while take talking about the state's wider programme of privatisation but from all soup thinks it's unlikely the government would be willing to lose control of the flagship to the private sector but then shal pollute ization was a loss of control by state because as of today it's their own speech on assent so they will decide to sell a new stick it's also a point well look to be told you could give them all of what you will put in there i'll show bold new national chimp towns in different industries so it will stay to the last few very clear is it is national champion an airline industry you go to. so i don't see a reason to change the norm. and they're in a couple pro comp and that's your update for this hour but join me in less than fifteen minutes from now for another business update. culture is that so much i was about to feed and was i think a commitment to give a real name because i would feel the issue of immigration flip

finance minister alex they could run says he expects russia to see a modest competent i'll fly in two thousand and ten but he says that turning to an inflow in coming here is he also gave his outlook on foreign direct investments that. are very strong i should like to emphasize that we the government are counting on foreign direct investment in the past foreign direct investments reach seventy five billion dollars for example in two thousand and eight last year i was thirty six billion dollars that's a significant decrease from pre-crisis levels already this year we're expecting to go over the forty billion dollar mark and in the next two years the plan to reach fifty billion dollars of foreign direct investment into the russian economy. tail on the economy presidential aide a kind of our core which said the global crisis has given russia a tear at it to make much needed reforms. of us to know when you're going to make it the task we're facing right now is not to rebuild the economy we handle the structure of that economy the structure of economic growth the previous years although we

. >>> city councilwoman helen holton will not go to trial on scam pain finance charges. alex demetrick reports on the plea deal she reached today. >> reporter: it puts the charges of campaign finance irregularities behind city councilwoman helen holton. she face as fine and is placed on probation. helen holton came to court knowing prosecutors and her lawyers had reached a deal, dropping the charges in exchange for a know low contend dray charge. she does not dispute the charges. she will, howeverrings have to pay a $2500. >> it's over. today ends this case. i will continue to serve on the county council and serve the community to the best of my ability to help make baltimore city a healthier and more prosperous city. >> reporter: her soliciting of over $12,000 was at issue. their contribution exceeded the $4,000 limit, prompting the charges. state prosecutor's office agreed to the zeal because it's pushing for a more serious, bribery charges. >> in the grand scheme of things, they're relatively minor charges. we think the charges have to be resolved. >> reporter: if the stat

alex. you can look at the campaign finance rules that we had put in place the last couple of years.s perfectly legal for organizations such as the u.s. chamber of commerce and other entities that are out there to put money in campaigns that is perfectly legal that they don't are to disclose the donors. the reason is true for what we've seen coming out of the white house and some of the democrats, they want the chamber to reveal the donor list. it's not required. and i think they want to intimidate some of the voters and suppress the turnout. so as long as it's legal and under the color of law, i don't have a problem with it. >> i'll pick up with what the unions are doing with you, peter, because the recent "wall street journal" report says that that large union group known as afscme is the biggest spending and even is even outpacing karl rove's group and that's significant. aren't both sides taking advantage of this? >> they are taking advantage of the general funds that they can now spend. but you know what afscme stands for, you know what they're all about. as run says, you know w

alex m.l.l. once again outlined that he says no doubt the financing of the project or finalizing as a by the time schedules by twenty fifteen sounds stream will start out from a russian a black sea coast and will go to bulgaria and vonn out where it will split into two it will transport over sixty three billion cubic meters of a gas or thirty five percent of russia will total annual leg gas x. war two euro but there are still some countries which represent obstacles to worse the implementation of this project and these are bulgaria where everything is clear and tukey and my colleague on the political reports now from the country aunt of the latest twists and turns of pipeline politics. turkey is one of the youngest the fastest growing outdoor just the country you're a lot it's a busy bridge like position but through asia and europe which makes it and the arena for rival international interests. remain bottle has for the south or an energy corridor to supply gas to europe bypassing recurring transit country ukraine the rain pipelines and the running out of gas from lead south stream project and my

alex m.l.o. once again stressed that he sees no doubt in the financing of the project or finalizing it by these casual time which is a twenty fifteen south stream will a start of from a russian black sea coast i will go to bulgaria and vonne know where it will split into two it will transport over a sixty three billion cubic meter so gas oil is thirty five percent over russia's top. annual aghast export to europe but there are still some countries which represent all of stickles towards the implementation of this project and this is turkey and a bold gavriel where everything is done clear on friday alexander let world a visit bulgaria and we will be watching further developments on this issue. there's a to go quest is also fail to bulgaria which has been demanding stuff terms for allowing the pipeline to cross its territory the telephonic over reports from love also participant turkey all the latest twists and turns of pipeline part. turkey is one of the youngest the fastest growing and the largest countries in europe but it's a busy bridge like position between agent and europe which makes it and the

own little comfort for business though russia's finance minister admitted the tax burden will rise by of around four percent alex accouterments interests which will have another three years is mainly due to excise duty is to petrol alcohol and tobacco along with the buys or insurance premiums while it comes several months off to court and said that there was no room to cut taxes and russia . russia's geographical reach is certainly one of its strengths that's according to the to hambro who runs a gold mining company in russia's fought east he says neighboring china represents an opportunity as well as a risk that needs to particularly in the eastern sector whether it's demographic there and one point one million people in the region fifty eight million people in the general china. and so that demographic potential needs properly to be exploited i think that's what.

stream is supposed to be finalized by twenty fifteen and today alex to mellow out once again stressed that he sees no doubt in the financing of the project or finalizing it by these casual time which is a twenty fifteen south stream will a staunch from a russian black sea coast and we'll go to bulgaria involved now where it will split into two it will transport over a sixty three billion cubic meter so gas all thirty five appears sun's over russia's total annual of gas x. forty two you rope but there are still some countries which represent all of stickles towards the implementation of this project and this is tacky gavriel where everything is done clear on friday alex to mellow world a visit bulgaria and we will be watching the developments on this issue. our correspondent jim acosta reporting live from gospel headquarters thanks very much. now let's have a look at the equity markets european shares are higher as well as commodity stocks are leading the blind as among the top gainers copper hits at twenty seven months high chairs of fresno rose three point six percent after the from reported an increase of third quarter s

finances. what's your story? citibank can help you write it. chris: welcome back, major. te me something i don't know. >> alexink, democratic nominee for governor likely to win in flida. put a huge campaign together. don't be surprised if president obama doesn't return to colorado for that senate race. chris: which race is that? >> that's ken buck against michael bennett. chris: who wins that? >> is close. that's why the president is considering going back. >> lame duck session we're going to talk about that, talk about taxes. they're probably going to vote to extends tax cuts for the wealthy for one year, and the middle class, either five years or permanent. >> again, on harry reid's race, he told me since his last competitive contest, 600,000 people have mednto nevada. they don't know him. they don't undetand some of the things he's done for the state and he thinks that's one of the reasons he's in such a tight race. >> there is already tal at the pentagon that general david petraeus will come back from kabul next summer to become chairman of the joint chiefs and there's a lot of talk about who will replace

finance this new growing industry. >> reporter: until then, wind is only powering old technology. alexemetrick, wjz eyewitness news. >> now, because wind power is free, once the turbines are running, energy costs to consumers could be locked in for up to 25 years. right now, the cost fluctuates with the price of gas and oil. >>> time now for a look at some of the stories you'll find in the baltimore sun. more on the report at the chelten ham juvenile facility. >>> and an interview with ravens defensive back what loady nat a. -- haloti ngata. remember to look for the updated forecast for wjz's first warning weather team. >>> it has been hailed as the grandest circus spectacle east of vegas. and now, the circus's cirque dreams. the acts are sure to dazzle. >> reporter: there's a new show lighting up baltimore. >> imagine the city and you have all of these people in it that do different things. >> you have these ordinary people with extraordinary abilities. >> it's called circ dreams alumeination. all mixed in to a broadway musical. >> plays a singing musical reporter. her favorite part o

finance this new growing agency. >> reporter: until then, wind is only powering old technology. alexemetrick, wjz eyewitness news. >> because wind power is free once the turbines are running, energy costs to consumers could be locked in for up to 25 years. right now, the costs fluctuate with the price of gas and oil. >>> facebook is trying to make it easier to organize your friends. the social networking site unveiled a new groups feature wednesday that allows you to easily separate your friends into more subcategories. although users already have the option to separate friends into list, only 5% did so. facebook says they hope the new feature will help encourage interaction and address privacy concerns. >>> time now for a baltimore sun. more on the reports that found security lapses in the chelten ham juvenile facility. >>> and interviewing haloti nata. -- haloti ngata. >>> for all of these stories and more, read the baltimore sun. remember to look for the updates. >>> as you probably know, october is breast cancer awareness month. and this weekend, a special fundraiser is being hel

alex ferguson says he is delighted at the change of heart and urged the club to get behind him. more on the g-20 summit and the currency wars. stay with us >> welcome back. g-20 finance ministers and central bankers are meeting in south korea. there are increasing concerns that a growing number of government are involved in currency war, by giving their nation's money to make domestically-per most -- domestically-produced goods cheaper q5 hom3. -- at home. the yuan has been accused of being articially lo to promote -- to avoid higher employment among chinese citizens. >> president barack obama is reported to have put pressure on chinese premier wen jiabao over the currency issue. the u.s. treasury secretary is also showing no signs of holding fire. #>> the chinese currency is significantly undervalued. it is also a unambiguously true that china is intervening, has been intervening aggressively t maintain that practice. >> could this be the beginning of a global currency war? the chinese central bank has done a lot over the past years to ensure the yuan remains cheap. it has paid to the currencies of that it cannot appreciate against the dollar -- pegged the currency

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