banks make to their customers. but he's fairly hawkish. he believes in the bundesbank principle of central banking. he believes that the mandate of the bank of japan is to protect the value of the currency. he believes that monetary easing can only go so far. and his contention of course off the record and he would never say this publicly is that it's the government that really has to get its house in order and balance it budgets and find reforms that will stimulate on the real side of the economy rather than relying on monetary policies. >> so people know what we're talking about in terms of the weakness for japan's economy, the expected rewound in the aftermath of the tsunami and earthquake hasn't necessarily materialized which is interesting to keep in mind at a time when we're looking at a storm that hit the u.s. so to what extent is that weakness help to go exacerbate some of the problems that japan is facing? >> the gdp picture in japan is quite slippery. you have various base effects. you had a huge impact of the tsunami last year. and then you had a huge positive impact in the first quarter of this year, which was the 5%. and since then, y

>> reporter: let's have a look at the currencies and the bank of japan meeting next week. dollar/yen holding prey steady. euro/yen 1.2935. the strong overall yen has been a factor in weaker forecast but japane japanese co japanese corporations have seen the likes of nintendo. a lot of focus there on sales in china as well as the stronger yen. a lot of earnings coming up next week in autos and financials as well as the bank of japan meeting. back to you. >> thank you very much for the update. politicians are making cautious efforts to boost trade with japan. members of the european parliament are calling for free trade talks but setting strict conditions. they voted thursday to clear the way for talks on an economic part partnership agreement. nay said they will suspend negotiations if there's no progress. members of the european parliament says japan has not done enough to remove trade barriers. that's all for w. here is a look at some of the latest market figures. >>> japanese researchers are using something that's got their blood pumping. they did it another a significant

>> reporter: a lot of focus on the bank of japan. what it's going to do. it lowered its assessments. many believe the central bank may be ready to take extra measures at its meeting next week. earnings.ajor focusill be on lot of japanese companies will be coming out with earnings in the next couple of weeks. investors weary of forecasts. back to you. >> thanks. it's gray skies for german industrial and engineer giant siemens. they can't see a good return on vestnt. siemens officials are negotiating to sell their loss power thermal businesses. they will concentrate on wind and hydroelectric power generation. the country's largest solar >>> ople in many parts of the world have to work to do something most people take for granted, drink water. it's expected to be worth over $1 trillion. japan has led the way in developing filtration technology and hold a 40% share of the market. its dominance is facing a challenge. >> reporter: the latest water purification technologies and hardware were on display in south korea last month. some 5,000 people from 90 countries

investors will see what the bank of japan will do as it convenes its meeting today and what the governor of the bank will say at the news conference following that meeting. market expectations are for an increase in the boj's asset buying program which includes such things as real estate funt funds. the yen will be closely watched for any science of depreciation following that meeting. let's have a look at the currency levels on the screen. 79.76 to 79 and the euro yen 102.94 to 99. the yen really is going to be closely watched. >> what's the latest on the earnings stream? >> a lot of earnings. we've been focused on export relates. july to september group net profits showed a small gain due to fixed income trading. it's going through severe cost cutting measures as well as internal management inas atu losses to investment banking structure. still a lot of folks on the smaller details. just checking the price action today it's up 3%. markets taking it as a bit of a positive. backo you. >> thanks. people running japan's local governments may soon be turning out their pockets for loose chan

federal reserve and the bank of japan eased monetary policy in september, but while u.s. markets got a sustained boost, japanese markets soon wrote off the bank of japan action. >> the fed will continue the monetary policy until unemployment rate falls as low as at least 8%, 7%. but what the boj said sounds a little bit modest compared to the fed. the boj is saying the boj will continue to ease the policy until 1% inflation target is in horizon. but it is very unclear what it means. so if the boj changes the wording, say that the boj will continue easing until 1% inflation target is achieved or the 1% inflation is achieved stably. that is a much clearer message that the boj would want to get out of deflation more seriously. >> reporter: kanno also shared his forecast of the bank of japan's possible move at its next policy meeting on october 30th and the likely market reaction. >> boj is likely to increase the size of asset purchases by 10 trillion yen. the market participants have already priced in that boj would do something at the end of this month. if the boj doesn't do

on the part of the bank of japan. that could unleash all sorts of positive good news. >> what more could the bank of japan do some because the yen is a victim of global flows rather than anything particular to japan, isn't it? >> well, that's part of the equation. japan without a doubt is the least worst off of many major economies and that's reflected in the strength of the yen. europe has kind of been a disaster for many, many months now or many years now in fact. it's great to see them win the ryder cup. maybe they'll get more confidence and start to get their act together in other ways politically as well as the sports world is concerned. we in japan essentially are suffering from a very strong economy on some levels relative to others. that we think can be fought at the bank of japan level with a commitment such as money can be spent to support -- >> ed, i have to go. i'm pleased you you you mentioned the ryder cup. don't know what it is, but apparently it's gone well. we'll get the latest read on manufacturing ou

i expect to seat bank of japan and euro land both coming up to the season with much more quantitative easing following the lead of the bank of england and federal reserve. and when we get there, i think there will be a tethering and in that environment, we should be paying higher priceses for real growth in the equity market. on that basis, i think the s&p 500 is heading up to 1500 points, not based on an explosion of earnings, but just an expectation that people should pay more. >> interesting thesis. are we in -- somebody described this as a next can standoff between the flood of liquidity and then concerns surrounding the basic economy. if you're going to have a lot more qe, it's because the economy isn't performing. and also because of fiscal cliff and -- >> you say where do we trace all these problems back to. it has to be the realty that both economies are still deleveraging. the medicine is not fiscal spending. the hard reality is the government will have to continue to spend less and that's very difficult for economies in the near term. central banks will keep money rates and

so a lot of focus there on what the bank of japan may do next week. we'll have to see. that does seem to explain a little bit of hesitancy that we're seeing in the markets today. definitely today the follow through we're seeing from the u.s. markets. >> speaking of the yen, we have seen it gain against the euro. tell us more about that. >> a look at the currency levels, of course, we have seen some shifts there, specifically with the euro and just having a look at some of the charts now, the euro is retreated to the 103 levels after trading in the 104 yen levels most of yesterday. you can see the 103.62 to 67 and in other words the euro is buying fewer yen today than it did on tuesday because of spain's bond yields spiking higher after moody's moved. the dollar remains at the upper 79 yen levels, having touched 80 at one stage yesterday and may stale in a bit of a range ahead of the two-day fed meeting that wraps up on wednesday. i mentioned earnings in japan. we'll get results later today. they include yahoo! nintendo, and kddi, the second biggest mobile phone operator

meeting. >> translator: i have a sense of crisis about the continued strong yen and japan's inability to get out of deflation. i wanted to convey my view to the bank of japan by attending the meeting. >> he said the bank of japan's independence mt be respected. maehara also said that he will continue to anticipate the central bank's actions for aggressive monetary easing to achieve the targeted rise in consumer price levels. boj governor masaaki shirtakowa was asked by a reporter if he felt pressure from the government when maehara attended the meeting. he refrained from answering the question directly, but he said he believed it's important to have a cabinet minister seriously listen to discussions on monetary policy. he added the bank will keep in close contact with the government to try to pull the country ow of deflation. >>> a possible end to western sanctions is in sight, but foreign companies are already setting up shop in myanmar. they include firms from china, south korea, western nations and japan. a trade show for made in japan products is currently under way inni in yangong. the organizer expects 50,000 people to attend over four days.

meeting. >> translator: i have a sense of crisis about the continued strong yen and japan's inability to get out of deflation. i wanted to convey my view to the bank of japan by attending the meeting. >> he said the bank of japan's independence must be respected. maehara also said that he will continue to anticipate the central bank's actions for aggressive monetary easing to achieve the targeted rise in consumer price levels. boj governor masaaki shirakawa was asked by a reporter whether he felt pressure from the government when maehara attended the meeting. shirakawa refrained from answering the question directly, but he said he believes it's important to have a cabinet minister seriously listen to discussions on monetary policy. he added the central bank will keep in close contact with the government to try to pull the country ow of deflation. >>> the u.s. military is strengthening presence in the asia pacific region. it has announced that it's going to deploy two career strike -- carrier strike groups to the western pacific. this comes as the chinese navy increases its advance into the east china sea, the south china sea and the pacific ocean.

bank of japan holding interest rates unchanged. policymakers looking to keep their powder dry as the risk of recession looms. and another bank is reportedly being probed over mortgage backed securities. it's october 5th, 2012, squawk bgs begins right now.

unfortunately, or i guess, fortunately for now, the ecb and the bank of japan, the ultraconservative s game, propping up these markets. >> it is a bubble and i think you are right about that. next time you come on, i will not ignore you for 20 seconds. i will bring you right on and we will get right to a. >> i was alone with my thoughts and it happens a lot be one all right, still to come, american airlines tries to explain what causes all those feeds functiong up next these fellas used capital one venture miles for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare. oh, thank you. but, with e capital one venture card... you can fly any airline, any flight, any time. double miles you can actually use. what's in your wallet? alec jr? it was a gift. gerri: let me just unpack this a a little bit. when easily that there is outrage at every turn on this story. to back up here, we found out this week that lockheed martin is telling us that there will b

at the same time, the bank of japan minutes out today. members agree that japan's recovery has delayed considerably and some said they were concerned about the yen's strength. there's also fresh evidence of that slowing growth. core machinery orders in august dropped for the first time in three months. the manufacturing sectors were the worse shrinking the most since november 2009. ubi capital, marco, nice to see you this morning. central banks are still trying to throw money to the problem. to a degree, central reaction has helped. can they keep propping it up for investors or not? >> i think we're looking at two different animals between japan and korea. in japan, the situation is a little bit more critical than korea because bank of japan has lilted array of ammunition. and unfortunately, the strong yen as you mentioned before is really cause of the problem. and the point is that i don't see how the japanese consumer might be tempted to consume more because expectation of inflation is still quite low and the overall macro environment is

unfortunately, or i guess, fortunately for now, the ecb and the bank of japan, the ultraconservative n in this game, propping up these markets. >> it is a bubble and i think you are right about that. next time you come on, i will not ignore you for 20 seconds. i will bring you right on and we will get right to a. >> i was alone with my thoughts and it happens a lot be one all right, still to come, american airlines tries to explain what causes all those feeds functiong up next you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, arou the country, around the corner. us bank. yeah, i'm looking to save, but i'm not sure which policy is right for me. you should try our coverage checker. it helps you see if you have too much coverage or not enough, making it easier to get what you need. [

to tackle deflation. >> translator: i will closely monitor whether the bank of japan follows through aimed at bringing the country out of deflation. i will edge the bank's board to take appropriate action toward that goal. >> he indicated additional monetary easing is one option he's considering. referring to possible purchase of foreign government bonds he said it could be an effective way to curb the yen's strength. let's check on the markets w. we saw mixed session in the u.s. as tech shares dragged the nasdaq lower. to see how stocks are trading this tuesday we go to ramin who is standing by for us at the tokyo stoke exchange. a bit a mixed picture b los like we'reeeingom sitives. w u. idedst a wch before tt eupe cting fig also bpehe dr and ch ayans we. let's have lk atf ing levr the nikkei and theopix for thiesday. bore in e si.827 for the nikkeir the topix. it also shodok rf a froeuropeanu indes will blose mos t for public holidays. japan-china tensions retions, teions in e ratns pling mke whave the likes o s thadeonhie lower yesterday. both construction manufacture ri str stru

japan's nationalization last month of islands in the east china sea. japan controls the senkaku islands. chinese leaders say the territory belongs to them. representatives of bank of china, china construction bank and agriculture bank of china will all be skipping the meetings. xinhua quoted a chinese commerce ministry official saying the decision is further evidence japan's unilateral action is freezing actions. it is the world's largest bank and other institutions are among the top ten in terms of market value. senior officials from china's finance ministry and central bank are still expected to take part, though. now, the people who lead the imf and world bank had originally named egypt as the host of these meetings. political instability there has prompted them to switch locations to right here in tokyo. now, this isn't the first time the meetings have taken place in jap japan. quite a while ago, the last time. 1964, in fact. that was also a familiar year for many people. that was the year tokyo hosted the olympics. at the time, the economy was really humming along. we had japanese companies exporting everything from ships to steel. we had our bullet trains

of dollars for euro banks. our fed, ben bernanke is obviously all-in. tepid super conservative bank of japanped a couple million dollars in their own market. bank of japan was out of the game until couple weeks ago. taking your money out of here is probably good idea is taking pictures of lindsay lohan in her hotel room at 6:00 in the morning. melissa: i like that joke. >> that is bad idea to do. melissa: if you're contrarian investor and see the individual investor get out in droves. a lot of time that is sign market is going up. i hate to say that, that is how sophisticated investors think, right? >> i agree. the typical plight of the individual investor is buy high and sell low. when you see people pouring money, like consumer confidence, melissa. when consumer confidence is low that's when you want to buy stuff because it will rebound. when it is high you totally sell. i think you take this information as a good sign for the market believe it or not going into what typically is good quarter and good period of time for equities here. melissa: scott martin, thank you so much. >> see ya. me

and it's a key area for the government, as well as the bank of japan. they're very wary of the strength of the yen. just having a look at some of the currency levels right now. the dollar/yen, as well as the euro/yen, coming up there on the scre. 78.07-elev 78.0 78.07-11. following on from the currency moves, the focus at nhk world remains on the imf and world bank meetings as well as the g-7 meetings. we're going to have full coverage of day three, and we're looking forward to that. for now, another negative start ford nikkei and the topix. catherine, back to you. >> thanks very much. >>> the operator of japan's crippled nuclear plant says the latest probe shows fuel at the bottom of one of the reactors is being kept cool saying the water level in the containment vessel of reactor one is 2.8 meters, enough to stop the fuel from overheating. the pausch company used an en endoscope to peer inside the vessel at the fukushima daiichi plant. footage from the probe shows the surface of corroded scaffolding and water underneath. tokyo electric says it detected

. >> translator: i will closely monitor whether the bank of japan follows through with its policy objective of 1% inflation aimed at bringing the country out of deflation. if necessary, i will urge the bank's board to take appropriate action towards that goal. >> he is considering additional monetary easing among other options. he said the central bank could check the strength of the yen by purchasing bonds. the minister has warned against such a course of action. >>> foreign business people have long been attracted to opportunities in china. now it is universities and colleges. they see opportunities in the millions of chinese students eager for a foreign education. nhk world reports. >> translator: it is the first time these institutions more than 40 of them have held a joint seminar. >> translator: i want to enroll in a prestigious american university because the quality is high. >> potential is ver hiy high especially for undergraduate students. this is one of the main goals is to recruit more undergraduate students. >> many chinese student are keen on studying at foreign universities.

i'm just playing a trade with the outlet for the bank of japan meeting which is early tomorrow morningcally i'm saying, hey, look -- japan needs help. they have to do something to stabilize the yen. now they engaged in quantitative easing. they added another 10 trillion yen on to the 40 trillion yen they're doing, so it is significant but they really need to start looking at other ways, such as foreign bond buys or maybe even a swiss national bank style of intervention where they're buying euros against the swiss franc. that's what i think potentially is going to happen today. >> your levels on the trade? >> sure. i want to buy euro/yen. more the more aggressive people, you could do it around 102. i'm leaving a stop 200 points below 99.50. a take profit at $107.50. it looks pie in the sky but if the bank of japan or finance ministry steps in and intervenes in the fashion i think they're going to, eventually this trade will work very, very well. >> andy, good to talk to you. >>> coming up in the next hour, "vanity fair's" profile of jamie dimon. how he's weathered several back-to-back t

a bank of japan survey suggests business sentiment among major manufacturers has worsened for the first time in three quarters. the central bank released the results of its quarterly tankan survey before financial markets opened. the bank polled more than 10,000 firms over one-month period through late september. the key index for major manufacturers stood at minus 3. that's down two points from the last survey conducted in june. a negative reading means pessimists outnumber optimists. business confidence has declined as weaker demand from china and other nations weigh on japanese exports and production. companies are also struggling with a stubbornly strong yen. confidence was unchanged among major nonmanufacturers at plus 8. recovery projects in the quake-hit northeast boosted demand in the construction sector. but consumer spending has lost steam. big manufacturers expect business conditions will remain a challenge in the next three months. they predict the index for december will stay at minus 3. >> two former rivals in japan now working together. employees punched the clock at a co

investors overseas were cautious ahead of key meetings by the central bank and bank of japan. tokyo anybody okay fell half a percent while the hang seng gained a quarter percent. the u.s. economy got a boost from car sales. they keep just rolling along, automakers sold 1.2 million vehicles in september a 13% gain from the same month a year ago. general motors said its sales rose 1.5% its highest for september sales in four years. the dow fell 32 points to close at 13,400. the nasdaq rose 6.5 points. another boost to the u.s. economy from home sales. market researcher says prices were up 4.6% in august from a year ago. that is the largest year-over-year gain in six years. august was also the sixth month in a row that home prices were up on a month over month basis. and there might be an app for just about anything but there's not one that can make your iphone bullet proof. you'll need a case for that. a japanese company claims it's 4.5 pound case can stand up to a gunshot. it was put to the test. the man fired a bullet at the case and it held up. the problem is the phone cracke

company dixie a lowered debt first bread bank it's the second largest deal of the year after buying austria's bank international now onto what's happening in asia and japan's nikkei is shedding of value in the first trading session of the quarter and that's after the bank of japan survey showed that to the mood among manufacturers this worsening chinese manufacturing facility is also deteriorating and of course hong kong's hang seng would have reflected that but it's closed for a holiday this monday. that's all we have time for in the situation of business see you back in fifty minutes all right thanks to. shortly we'll look at why some critics are saying israeli democracy is a contradiction in terms. he . wealthy british style holds a spot on the president's right in the mornings when i. don't read any of the. markets find. find out what's really happening to the global economy for a no holds barred look at the global financial headlines tune into cars a report on my parents really truly honestly believe that what had happened was as a result of my father's exposure to agent orange i was born with multiple problems . i was missing my leg and my fingers an

company dixie a lower debt first bear banks the second largest due of the year a few months ago austria's the bank international and back to the markets now on to asia japan's nikkei shedding value in the first trading session of the world war and that's after the bank of japan survey that showed the mood among manufacturers is worsening chinese manufacturing tiffany's also did teary rating hong kong's hang seng would have reacted to that no doubt if it had not been closed for a holiday this monday u.s. stocks ended friday's session in the red box for the year so far the dow jones is up ten percent the nasdaq is nineteen point six percent above the line not bad at all on the currency market the euro opened the ruble opened a lower to the currency basket and the euro this hour is the shedding value to the u.s. dollar. of course on continued to troubles in the euro zone such as spain's debt it will continue to rise next year piling pressure on the state it has been struggling to cut spending the nation's debt will reach eighty five percent of the g.d.p. this year and as much as ninety one percent to twenty thirteen and that's almost three times more three tim

. >>> bank of japan officials are struggling with whether to ease credit further amid the global economic slowdown. the question will be high on their agenda at next tuesday's policy meeting. central bank officials are suspecting existing programs aren't enough to achieve their goal of 1% inflation by march 2015. the target is to tackle deflation and achieve stable growth. in a branch managers meeting on monday officials confirmed domestic economic activity is on the decline. they agree the slowdown in china and other economies are weighing down on japan's production in exports. they also noted personal spending is no longer as resilient as it once was. at their previous policy meeting in september, bank officials decided to boost their asset purchase program by nearly 15% to over $1 trillion. the focus now is whether they'll hammer out additional measures. >>> japanese food producers can look forward to easier access to europe. eu officials will ease import restrictions posed after the fukushima nuclear disaster. the eu currently requires inspection of japanese food to satisfy radioactiv

. >> reporter: asian markets edged up this morning after the bank of japan announced no change in the country's key interest rate. nikkei rose half a percent while the hang seng added half of a percent. today we get the latest snapshot on jobs. the labor department says on thursday that weekly unemployment applications were up by 4,000 last week, that's a level consistent with only modest hiring, some economists expect today's report will show a slight increase in unemployment. the jobs data report yesterday gave the stock market a lift the dow jones industrials average closed 80 points higher on thursday while the nasdaq was up 14 points. mortgage rates decline for a second consecutive week, mortgage buyer freddie mac said on thursday te 30 year loan fell to three and 1/3 percent. the average 15 year fixed-rate mortgage was down to 2.69%. the drop in mortgage rates has been fueled by the federal reserve buying mortgage bonds. to strengthen housing recovery. samsung is reporting a record quarterly profit. strong sales of smart phones and high end televisions drove profits to $7.3 bill

the bank of japan downgraded its economic assessments of eight of nine regions due to sluggish production and personal consumption. it's the first time in three years and nine months that the central bank has lowered its assessments of so many regions all at once. boj branch managers say industrial production declined in these eight regions. they point to falling exports of cars and other auto-related products as a result of the global economic slowdown. they also note that personal spending fell in all the regions because government subsidies for eco-car buyers ended and winter clothing sales were weak due to the lingering summer heat. the boj managers also reported on concerns in their regions that the recent tour cancellations by chinese people over a territorial dispute could hurt the local economies. >>> japan business federation chairman heerema sue chairman points to the country's tough economic conditions. he says business sentiment among corporate executives has been cooling down. yonekura notes that slower growth in europe and china plus the yen's strength are taking their toll

bank of japan that said that there will be added stimulus measures and of course investors are waiting for the u.s. jobs report coming out later today from the who was go free to stay with the talk about samsung electronics in particular which has reported record profits in the third quarter driven by strong sales of the galaxy smart phones electronic giants operating profit ninety one percent to seven billion dollars which is almost double last year's figure and much higher than analysts expected bought us not all peachy for samsung as it is currently battling apple over patents and from apple to place fault which says the number of active monthly users has top one billion it's roughly half of internet users in the world and double the social networks or two years ago the average age of a facebook user is twenty two and their country of origin that's likely to be brazil india or indonesia analysts say the latest milestone raises questions whether facebook can profit from its giants user base and look at currencies the euro as the week in the against the u.s. dollar but still on the fl

in the third quarter of two thousand and twelve and also another month for it suggests that the bank of japan may add some economic monetary stimulus policy meeting this is how it all looks the south let's stay with us because there is sorely ards these financial guru that's why it's cars it looks like a pop shot at central bankers who he says are making a joke of running the international economy of say. download give up location so choose your language stream quality and enjoy your favorite. now if you really is not required to watch on t.v. all you need is your mobile device watch r t any time. the gold fever. turns thousands into slaves. my father but also my brother involved in the mines and since i started working in a mine i stated i look at it and feel multinationals. make it a cash cow to be milked dry and if i think that in this country is gold medal logie as an environmental cost which is unacceptable to local business was labeled illegal and controlled by criminals you know in order to protect our lives our families and to work in peace. most book or most but we are forced to pay

asian stocks mostly lower ahead of tomorrow's meeting by the bank of japan.'s anybody jay was unchanged, hang seng lost a fraction. protesters met with police in greece over austerity measures. riot police armed with batons confronted demonstrators as the country commemorated a world war ii holiday on sunday. hundreds of protesters were kept away from the parade. no reports of any injuries or arrests. and the u.s. labor department's october jobs report is due out on friday. it's the latest indication of the nation's economic recovery days before the presidential election. last month the unemployment rate fell to 7.8% and experts predict it will remain steady by election day. "argo" fought its way to the number one spot. it's the thriller inspired by the rescue of six embassy workers during the iranian hostage crisis. it took in $12.5. hotel transylvania" placed second with 9.5 million and "cloud atlas" debuted in third place. >>> up next, your monday morning weather and in sports san francisco sweeps its way into the history books as the giants take home the

helping boost the asian markets just now after losing one percent in the previous session after the bank of japan announced that program on the balls as you can see . the likes of cowen doing rather well today the camera making financials a russo boosting the markets and commercial bank of china doing well it's the world's largest bank by market share one point eight percent than some of the earning to beat estimates hong kong. well as well that's all taking a back in the previous session and the current says the euro dollar is trading rather thinly at the moment not a lot really focus is now going to shift on the e.u. finance meeting later on in europe with the headlights on a two year extension and prospects for the next tranche of aid for grace that is on the agenda with ruble that's how to finish up the trading session in. the equity markets experienced a quiet trading session that was because it was closed and also oil as well the commodity was most affected by the hurricane sandy as well so that was the situation we have lost their bucking the trend the company over two billion dollars for

way out of the home but we see the positive move continue in the it's the spine that the central bank of japan had failed to stimulus measures which everyone was expecting and this is what we have time for this hour more updates coming your way next hour and i'll have more information on the kurds as well but we can take a quick look at sea of red daggers that the euro weaken in against the u.s. dollar and when it comes to the ruble it's gaining against the currency basket this hour as well so that and more still to come we're just run out of time for this hour. all right maria thanks very much indeed and coming up shortly our tea discuss this with the iraqi prime minister a possible ways of resolving the syrian crisis and easing tensions across the arab world. planation in free cretaceous free in-store charge is free to make amends free risk free studio time free. download free broadcast plug in video for your media projects a free media dog r.t. dot com in. overcoming a barrier like this seems possible. but then you crave something higher. and when you reach the people. who do whatever it ta

of positive earnings reports coming out today including japan still works as well actually gaining over five percent after of course the company is in talks with apple and google actually now a crucial bank of japan meeting takes place later today and is expected to this. potential stimulus measures for the economy and on to oil interestedly japan's crude oil imports from iran fell thirty eight percent in september that from a year ago and all prices are indeed low and that says u.s. refineries cut crude production in anticipation of a plunge and energy demand in us of course going to hurricane sandy really bearing down on the eastern side of the u.s. right now another common currency is been trading flat readies for the last maybe four hours or so as you can see the pet is down around twenty five percent so far this week meanwhile the ruble this is how it closed up the monday session it was weak. the s. dole out of the russian markets they finished the session in red territory just there was a little insane ash no actions of the all fall also there was a declining oil price to contend with as well they will the russian president vladimir putin has requested that gas pump get started in

let's check out the equity markets in asia first japan's nikkei is shedding value in the first trading session of the fourth quarter and bounce after the bank of japan serve the showed the mood imagine manufacturers is actually worsening chinese manufacturing activities also deteriorating and hong kong's hang seng would have reacted to what it would have been closed for a holiday on monday u.s. stocks ended friday's session in the red but for the year so far the dow jones industrial average is up more than ten percent the nasdaq is nineteen point six percent above the lines here in russia equities ended friday's session with gains as. can see there the optimism seems unlikely to continue when the markets reopen in one hour this very bank was among the gainers on the news that is that finalized its takeover of turkey's dennis bank it ranks among the top ten in turkey the deal is worth three billion euro the cash will help did as bank parent company did c.e.o. lower its debt was very bank it's the second largest of the year a few months ago it bought austria's international and on the currency markets the ruble and the last week to lower to t

looking out today when it comes to asia investors are waiting for a key this isn't from the central bank of japan and also there will be a jobs report coming out from the us later in the days of many of us is looking forward to that right now we see that the nikkei is adding almost half a percent and that is slightly better but also imposed of territory if we move on say would be a sure thing let's talk about samsung electronics which has reported record profits in the third quarter that was for advice on sales of the galaxy smart phones electronic giants operating profit jumps ninety one percent to seven billion dollars which is almost double last year and the buyer than analyst expectations that's not all of them as it's currently battling over it's. also facebook says the number of active monthly users has top one billion it's roughly half of the internet users in the world and double the social networks years ago the average age. a facebook user is twenty two and his country of origin as likely to be brazil india or in the shop analysts say the latest milestone raises questions whether facebo

percent in the third quarter of two thousand and twelve and another report is suggesting that the bank of japan will add some monetary stimulus policy meeting ok let's move on a second look at the russian markets the world in about an hour from now when i will tell you about a half hour of the actual time we can see on one. of my stocks at over one percent and that's on stronger or oil prices at the highest level in the week and that size that the u.s. economy is recovering currencies if we made that was happening with a good dollar and ruble when it comes to the euro still weakening against the dollar and the ruble and that the previous session that makes the currency basket also let's stay with russia and talk about another story and that is the fact that the country has written off over twenty billion dollars worth of that to african countries in september it also raised an eleven billion dollar loan to north korea now during soviet times the kremlin used to credit other communist regimes and countries for political reasons but now some analysts say it's easier to forget about that money rat

the equity markets going straight to asia where japan's nikkei is shedding value in the first trading session of the fourth quarter and that's after the bank of japan survey shows the mood among manufacturers is actually worsening and chinese manufacturing activity is also deteriorating hong kong's hang seng would have reacted to it if it had been closed for a holiday this monday and u.s. stocks ended friday's session in the red for the years so far the dow jones industrial average is actually up around ten percent and the nasdaq is up nineteen point six percent not bad at all here in russia equities ended friday's session with gains as you can see this optimism seems pretty unlikely to continue when the markets reopen and a less than two hours on the currency markets the ruble closed a last week a lower to the currency basket let's see those numbers there and the euro this hour is shedding value to the u.s. dollar. spins debt will continue here they are then as i said the russian ruble was down to the currency basket skate spain's debt will continue to rise next year piling pressure on the state as it struggles to cut spending the nation'

percent in the third quarter of two thousand and twelve and another report is suggesting that the bank of japan may inject some monetary stimulus at the next policy meeting so investors will be waiting for that when it comes to the markets here in russia they are extending ones they gain and oil prices have something to do with that if we can take a look at there also markets and hopefully this better graphics will appear very soon basically we are seeing gains of over half a percent there and what is happening is the fact that oil prices at the highest level in one the week let's see what we're looking at right now that would go on my six of one half a percent each move on to currencies the euro is dropping from a one month high versus the us dollar of that it figures for the russian currency and it is gaining to the currency basket this hour now let's stay with russia and talk about the fact of the country has written off over twenty billion dollars worth of that to african countries in september and also raise them to live an eleven billion dollar loan to north korea and during soviet times

largest deal of the year a few months ago it bought austria's vaults bank international and what we're seeing in asia is that nikkei is shedding a value and that's after the bank of japan's a survey showed that the mood among manufacturers is worsening and chinese manufacturing activity is also deteriorating hong kong's hang saying would have reacted to it no doubt it has if it had not been a colos for a holiday on monday. and that's all we have time for in the situation of business see back here in fifty minutes. and shortly a piece of al and his guests debate whether we're going to see in our winter that some crosstalk off next. more news today violence is once again flared up. these are the images grope world has been seeing from the streets of canada. trying to corporations rule the day. there are those who desperately need it to survive. misspoken who is the to give money to look. good when the fish. on the suppresses the cries the rights of the food for. those who don't get their share of the traits. good by god's. grace and you know don't last but not the one not us that people need to know about it that may not look any from the company from. those who suck it ou

it's domestic news and i can tell you that just in the last ten minutes or so the outcome of the bank of japan's me saying has been finalized they are going to stimulus into the system and that is why we are looking at large decliners out for the nikkei with positive territory. in the session is actually for the second time in two minds. making. making steps to shore up the economy to get it guy again for the hang seng that we're looking at six tenths of cent down and that's because property stocks are particularly suffering after the government decided to impose its first pope to the check out some changes that we got the ruble is still to corning is up to sell now and it leads from the declines that we have a monday your adult is seeing little movements to read it if they slant the russia negative how trading a session and again we are indeed looking at the coal lies not a lot going on internationally we have a declining over price as one of the russian president putin said has requested that gas will get so still the east simply mind to that is a stock straight away the coaches would invest t

solved reports the company is in talks with apple and google now there's also a crucial bank of japan meeting taking place later on that say it's going to be some clues on stimulus measures so investors are holding out for that is property stocks so that is suffering in home called and that's also the government's decision to impose its first property task also find out shows are having a bad day of it as well now oil prices they all lower we've got crude now trading at a three month low that is u.s. refineries caught crude result should in anticipation of a plunge in energy devolve going to hurricane sandy the common currency it's been trading a flat the pair is down around twenty five percent so far this week the ruble we commence trading at less than an hour's time you can see it lost out by the euro and the u.s. dollar meanwhile the actions as well they too had a bad day of it on monday bad start to the week really no international action to feed off on those who so it's a climbing price to contend with as well meanwhile the russian president vladimir putin has requested that get

so that helped boost investor sentiment there and also we have another report suggests that the bank of japan may add some monetary easing at the next policy meeting there we're moving on to the equity markets and they're close at the moment but we're taking a look at ones they session and with the r.t.s. and m i six added over one percent oil price of course helped because they've been up the highest level in one week amid reports that the u.s. economy is growing currencies now let's take a look at what's happening with the euro dollar and the ruble when it comes to the euro it is weakening against the u.s. dollar and the ruble and the mix in the previous session updated figures coming up in less than two hours from now but let's talk about the eurozone crisis and some by analysts are saying three american credit rating agencies i'll talk about these . are in fact making the crisis worse and our business editor nicole caught up with richard the haynesworth was the president of chartered financial analysts association in russia to talk about the latest round of downgrades off the spanish bank

isn't the right as well and let's check out asia and see what happened there because we have the bank of japan's decision to force stimulus for the second time in two months that happens about an arrow guy they're doing it to shore up the economy but they had a negative response in the session today as you can see despite encouraging corporate results from the likes of shop to check out some exchange rates to go to europe now heading north now the european actually is they'll begin trading in the next thirty minutes or so meanwhile you can see the ruble though still low against the euro the dollar it was a shaky start for the russian equities we have a look at this hour they seem to be staging a bit of a comeback and not really quite sure why i can tell you though oil is down at the moment and also want to say that the trading volumes are expected to be still rather thin on the ground save another less we are looking modest gains this hour not to mess to the news that the russian president vladimir putin has requested that gas probably get started on the eastern pipeline to the davis stock right