dollars from the bank of moscow which is russia's fifth largest bank and they see that you know the wife of moscow's former mayor. are directly connected to this case which actually started in december investigators believe that the investment was conducted through a loan deal between the bank of moscow and several if you go up in companies and they say that the money simply ended up on but due to this personal bank account not what's also interesting is that investigators say that this transaction happened on the same day as when the government allocated around fifteen billion rubles to the bank of moscow for other purposes and there's already speculation that this state money may have been used by about you know to cover up the debts over a company in teko for recent years both the union the and you to scoff moscow's former mayor have been subjected to controversy although neither of them have been found guilty of any illegal activities there's a lot of speculation that you know who is the russia's richest woman and the only female billion in the country she was able to gain this fortu

of talent is a truly important. moscow's chances of becoming global financial sense or could be hampered if the bank acquires bank of moscow without attend that's according to president carter you've got a coach there to be wants to buy out one hundred percent of one of russia's top five banks in the first half of this year the bank of moscow's biggest shareholder the moscow city government estimates the bank to be worth something like six billion dollars decided to sell its stake in the bank in late twenty ten after the previous mayor of moscow give you lost his position some minority shareholders say the bag could be worth up to nine and a half billion. let's take a look at the markets now starting with europe of course and they're up on the heels for monday's game the euro zone g.d.p. figures showed growth in the fourth quarter along with economic sentiment data from germany also climbing marginally but also banks are driving the markets we're seeing reports the results from barclays coming in stronger than expected barclays up four point seven five percent at the moment other banks are also gaining credit agrico

dollars from the bank of moscow which is russia's fifth largest bank and they see that you're about to know the wife of moscow's former mir and her company in fact go. i'm sorry in her company in tech or directly connected to this case which actually started in december investigators believe that the investment was conducted to do a deal between the bank of moscow and several developing companies companies and they say. a that the money simply ended up on us personal bank account not what's also interesting is that investigators say that this transaction happened on the same day as the government allocated around fifteen billion rubles to the bank of moscow for other purposes and there's already speculation that this state money may have been used by by to do to cover up the debts over a company in tech oh there you go to this couple it's not exactly unfamiliar with. well absolutely for the many many years recent years both the union and you do scoff moscow's former mayor have been subject to controversy although the neither of them have been found guilty of any criminal activities ill

russia's state run bank has acquired a forty six percent stake in bank of moscow from the city's government the t.v. is also bought from the city hold twenty five percent of capital issuance company which owns another seventeen percent of bank of moscow deputy mayor says be to be paid to have billion dollars for both stakes a forty percent premium to the market price tag of moscow's russia's largest lender by assets. that's all for me and the business team here but you can always find most always just log on to our website r.t. dot com slash this. stress. and products of healthy eating. we need to test these foods from time sustain allergenicity immune response lower nutrition and for environmental contamination don't you feel like. some consider the experiment teach human treatment. significant difference between g.m. . g.m. . they were treated so well themselves one question means one career if you ask one question. and you might or might not be able to publish it but that's the end of your career. we are looking. for the. the biggest issues. to face with the new. wealthy british. market.

transaction happened to have been on the same day as another transaction from the government to the bank of a moscow which is actually the fifth largest bank of russia and according to some reports this state money may have been used to cover up. some of the debts of you don't know what in this company. you are this isn't exactly the first time. i've had a brush with. oh absolutely both are you going about that in the end you will have long become subjects' awful controversy since although the haven't actually ever been found guilty of any criminal activities there's a lot of speculation that you know. russia's richest woman and the only female billion year managed to gain her wealth with the high. of the emir of moscow when you deal with the head of the cd and there's a lot of reports that her company always got the most attractive development company projects in town and always was able to somehow. somehow avoid serious competition but actually another interesting fact is since you do score start being the mayor of moscow in fact this company stopped getting all these attractive projects in the ci

one of russia's top five bags in the first half of this year the bank of moscow's biggest shareholder moscow city government estimates the bank to be worth around six billion dollars and decided to sell its stake in the bank in late twenty ten after the previous mayor of moscow lost his position some minority shareholders say the bank should be worth up to nine and a half billion dollars. british banking giant barclays is planning to sell its russian retail daughter by the end of the year the head of its russian division says the company plans to focus more on its investment business in russia barclay's bank and the russian market for the second time back in two thousand and eight but acquired russian led the expo bank for seven hundred eighty million dollars previously barclays quit russia after the default in one thousand nine hundred eight carrying a loss of around four hundred million dollars but it's numbers that show from unicredit securities believes that this move only shows that competition in the russian banking sector is looming. the competition in the r

shares of bank of moscow soared four point eight percent on monday as five representatives of v.t. bank were elected to its board that's despite the bank of moscow's president and co owner under a but i didn't stating there be no negotiation with the t.v. regarding a possible takeover he also said that a fair value for the bank was between a point to a nine and a half billion dollars it to be earlier said it hoped to acquire the moscow bank the first half of two thousand and eleven. that's all for now but you can always find most stories just log on to our website artie dot com slash. wealthy british. markets. find out what's really happening to the global economy. global financial headline news too. he's available in hotels a story. hotel patroclus hotel a true still photo. you still. see if. you visit. these are our top stories this monday night middle east on fire protesters in libya burn government buildings reports of the country's leaders fled experts and politicians blame western involvement for stoking the violent unrest in the region . writing past wrongs of. compensation f

today is russia's state owned bank which saw a successful privatization of a ten percent stake in the company on monday has decided to go ball up one of its rivals bank of moscow it to be wants to buy out one hundred percent a one a russian stopped by banks in the first half of the year currently the biggest shareholder of bank of moscow the moscow city government estimates the bank of six billion dollars but some minority shareholders even estimated up to nine and a hope in whether one of the tributes supervisory board members presidential aide which was against it was issued is that the jewel which didn't go through returned to process the tampa most was decided to become an international financial center. let's have a look at how the markets are faring that's our job in europe if so it is a quite a busy day euro zone g.d.p. figures along with economic sentiment data from germany and inflation figures from the u.k. . on choose from later in the day so far the european indices are flat minus and most financial stocks are in the road on foot see xstrata as opposed to biggest losses down two point two percent and. the billiton also down more than one percent on

world of business russia's state owned free to be bank which saw a successful privatization of a ten percent stake in the company on monday has decided to go below one of its rivals bank of moscow p.t.b. wants to buy out one hundred percent or one of russia's top five banks in the first half of the year currently the biggest shareholder of bank of moscow the moscow city government estimates the bank at six billion dollars whether some minority shareholders estimated up to ninety nine have been. the unemployment rate in russia is showing signs of job or source job. having gone down by one percentage point in the past year but despite a trend present but it still sees it as one of the country's top problems data compiled by the international labor organization says the number of russians without a job has fallen to five point six million people in twenty eleven from six point two million a year ago as it stands there are currently about seventy five million working people and russian president medvedev urge the government to shift from crisis measures to more long term actions when tackling unemployment. and the new cars in russia will be cut to twenty five percent from the exist

of one of russia's top five banks in the first half of the year currently the biggest shareholder of bank of moscow the moscow city government estimates the bank gets six billion dollars whether someone or shareholders estimated it up tonight in the heart when. the unemployment rate in russia is showing signs of drop resurgence having gone down by one percentage point in the past year but despite its downward trend present but that it still sees it one of the country's top problems and data compiled by the international labor organization says the number of russians without a job aspiring to five point two million people in twenty eleven from six point two million a year ago as it stands there are currently about seventy five million working people in russia president vet of urge the government to shift from anti crisis measures to rule long term actions when technically unemployment. and imported futures or new cars in russia will be cut to twenty five percent from the existing thirty after the accession to the world trade organization that's according to. the country's chief w t o negotiator he a

banks story hello and welcome to business chances of becoming a global financial center could be hampered if the bank acquires bank of moscow without attend that's according to president carter you've got a coach of d.t.b. wants to buy out one hundred percent of one of russia's top five bags in the first half of this year the bank of moscow's biggest shareholder the moscow city government estimates the bank at six billion dollars decided to sell its stake in the bank in late twenty ten after the previous mayor of moscow you to cough lost his position some minority shareholders say the bank should be worth up to nine and a half billion dollars. staying with the industry the british banking giant barclays is planning to sell its russian retail door so by the end of the year the head of its russian division says the company plans to focus more on its investment business in russia barclay's bank added the russian market for the second time back in two thousand and eight one to quiet russian land expo bank for seven hundred eighty million dollars previously barclays had to quit russia after the fault in one nine hundred ninety e

to be wants to buy out one hundred percent of one of russia's top five banks and the top of the year currently the biggest shareholder of bank of moscow moscow city government estimates the bank at six billion dollars some minority shareholders even estimated at up to nine and a hoppin in hot weather one of these supervising reports members presidential aides had a card you voted for which was against it was a show you set to do which didn't go through a tender process the tampa moskos decided to become an international financial center. and the unemployment rate in russia is showing signs of resurgence having gone down by one percentage point in the past year but despite its trends president but that of still sees it as water with the country's top problems data compiled by the international labor organization says the number of russians without a job as willing to five point four million people in twenty eleven from six point two million a year ago as it stands there are currently about seventy five million working people and russian president medvedev urged the government to shift from anti crisis measures to more long term actions

to be wants to buy out one hundred percent of what a russian stock five banks in the first half of the year currently the biggest shareholder of bank of moscow the moscow city government estimates the bank at six billion dollars hole whether some minority shareholders estimated up to nine in the heart in. and the unemployment rate in russia is showing signs of job or so which ones have been gunned down by one percentage point in the past year but despite a trend president better still sees it as one of the country's top problems data compiled by the international labor organization says the number of russians without a job has falling to five point two million people in twenty eleven from six point two million a year ago as it stands there are currently about seventy five million working people and russian president medvedev urged the government to shift from edge of crisis measures to more long term actions when tech going on employment. let's have a look at the markets now asian stocks a mixed at the moment japan's nikkei average held me and nine month high isn't used a hong kong's hang seng is almost half a percent down at the moment inve

wants to buy out one hundred percent of one of russia's top five banks in the first half of this year the bank of moscow's biggest shareholder the moscow city government estimates the bank at six billion dollars it is cited to sell the stake in the bank in late twenty ten out of the previous mayor of moscow you lost his position some minority shareholders say the bank should be worth up to nine and a half billion dollars. british banking giant barclays is planning to sell its russian retail daughter by the end of the year the head of its russian division says the company plans to focus more on its investment business in russia fruits daughter company barclays capital the british lendu is considering both russian and foreign investors however no price has yet been revealed barclays bank entered the russian market for the second time back in two thousand and eight when has acquired a russian land export bank full seven hundred eighty million dollars previously barclays quit russia after the fault in one thousand nine hundred eight carrying a loss of around four hundred million dollars. second to the stock m

shares of bank of moscow soared four point eight percent on monday as five representatives of v.t. bank or elected to its board that's the spy the bank of moscow's president and co owner under a but i didn't stating they had be no negotiation will be demeaning guarding a possible takeover he also said that a fair value for the bank was between a point to a nine and a half billion dollars to be earlier said it hoped to acquire the moscow bank the first half of two thousand and eleven. that's all for now but you can always find most stories just log on to our website artie dot com slash. distress nutritious and this is product other primates healthy eating. meat to test these toxicity allergenicity immune response lower nutrition in for environmental contamination don't you feel like a lab rat so consider the experiment in human treatment very highly significant differences between the g.m. felt that they both at the don't cheer. but they weren't treated so well themselves one question means one career you ask one question. and you might or might not be able to publish it but that's t

russia's state run bank has acquired a forty six percent stake in bank of moscow from the city's government. has also bought the city hall twenty five percent of capital insurance company which owns another seventeen percent of bank of moscow deputy mayor says paid three and a half billion dollars for both stakes a forty percent premium to the market price tag of moscow is russia's fifth largest lender by assets. and finally relation to russia has been racing away since the beginning of the year prices now are nearly three percent higher than they were in january the first the government is still optimistic it can hit its annual inflation target in two thousand and eleven but as economic development minister given the be one of the concedes this will require some help from mother nature. we expect that the annual inflation will start to flow in the second half of lisi and maybe seven to eight percent this book cost is based on high expectations of good harvest of crops in russia and the rest of the wild state there's a bang and that's the update for now where we'll be following stories of o

she has a bank of moscow soared four point eight percent on monday as five representatives of the bank or elected to its board that's the spy the bank of moscow's president and co owner under a but i didn't stating bad be no negotiation will be to me when guarding a possible takeover he also said that a fair value for the bank was between eight point two a nine and a half billion dollars to be earlier said it hoped to acquire the moscow bank the first half of two thousand and eleven. that's all for now but you can always find most stories just log on to our website r.t. dot com slash this. culture is that so much of the spirit of the maybe once a year never really trained it's not even arms this is blaming you more i'm spelling less in jane jerk people and security obviously events in the middle east are top. news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations rule the day. top stories from our team moscow middle east on fire protesters in libya burned government buildings amidst imports the coun

and more russia's state bank has acquired a forty six percent stake in bank of moscow from the city's government the b t v it has also bought from city hall twenty five percent of the company which owns another seventy percent of bank of moscow deputy mayor says he could be paid to have billion dollars for both stakes a forty percent premium to the market price tag of moscow's fifth largest lender by assets. so we have time for this edition of business r t but i'll be back with more or less. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations are on the day. at four thirty pm on scout time these are the headlines from our t.v. anger at the government reaches a boiling point in libya with clashes and airstrikes against protesters reported president gadhafi denies flee the country and refuses to step down. president dmitri medvedev warns of decades of turmoil if the protests continue this comes as moscow sends in planes to pick up hundreds of options working in the. and the political unrest i

russian state wrong bank received he has acquired a forty six percent stake in bank of moscow from the city government. has also bought from city hall twenty five percent of capital insurance company which owns another seventeen percent bank of last go deputy mayor says the t.v. paid we have been dollars for both stakes a forty percent premium to the market price hike of moscow is russia's largest lender by assets. inflation russia has been racing's away since the beginning of the year prices now are nearly three percent higher than they were and january the government is still optimistic it can hit its annual inflation target in two thousand and eleven but as economic development minister if you are in the world of the conceives this will require some help from mother nature. respected the annual inflation moved on to fly when it's not that hard to leave and maybe seven to eight percent have an additional cost is based on high expectations of good harvest of crops in russia and the rest of the world. and that's our business update for this hour doing me in less than fifteen minutes fr

shares of bank of moscow stuart four point eight percent on monday as five representatives of v.t. bank were elected to its board as despite the bank of moscow's president and co owner under a boarding stating they had been no negotiations with bt regarding a possible takeover you also said that the fair value for the bank was between eight point ten and nine and a half billion dollars it'll be earlier said it hoped to acquire the moscow bank in the first half. and that's all for now but join me in just under an hour for more here in our. distress nutritious and this is products on the price of healthy eating. we need to test these foods for toxicity allergenicity immune response lower nutrition in for environmental contamination don't you feel like a lab brought some consider the experiment in human treatment i believe significant differences between the g.d. have felt that they both at the chia pet but they weren't treated so well themselves one question means one carrier if you ask one question you get the answer and you might or might not be able to publish it but that's the end

would be is up nearly one and a half percent helped by news it has acquired a blocking stay in bank of moscow. now the russian central bank is raising the key interest rate for the first time in two years to step up the fight against inflation the refinancing break will increase twenty five basis points to eight percent consumer prices are we percent so far and twenty eleven fueling concerns. them official from a cost of eight percent. and i knew what was the right sort of jumped around eighteen percent and generally year on year it's reached roughly nineteen billion dollars with countries that schools up twenty five percent the growth was mostly driven by higher energy prices oil and gas sales made up most of it exports. that's it from me europe today drawing in less than one has time for more business news. good samaritan. excellent professional. extravagant possessing an extra ordinary car. the doctor who helped many people in his country. the political criminal responsible for thousands of deaths. was it an attempt to repent. or just escape a fair trial the other life. on our team. down b

dollars embezzlement scam it's claimed the money was initially learned by city hall into the bank of moscow the same amount most of it allegedly then learned to a dummy company which was used to buy land from but arenas company was cough was sacked late last year over corruption allegations. well nato is keen to get the few remaining western european countries not members of the alliance on board sweden is one of the latest now to be enticed but as agnes norberg a swedish activist tells us here at r.t. the expansion is simply part of u.s. attempts to strengthen its influence in europe and beyond. what are they doing to get them on the hook what are they doing what are they promising them or i really i don't have the answer because for me it's insane. it's pure insanity oh many things can united states government show that they don't care if about people's when they show they torture in for instance all these terrible torture places you know. every place they are violating international law all their life lady all treaties all treat and they come away with it. and you can catch that full int

on as a deal the sperm bank acquiring troika dialog the organizer of this forum there's also a deal in the making of bt be pretty much given the green light to acquire bank of moscow and well how is that going to reflect on their transparency on their ratings on their investment attractiveness this is what we're going to talk about with james watson the managing director of fish ratings thanks so much james so what do you think about the recent trends in terms of consolidation well i've been that the big news is the consolidation is finally starting to happen is something that we've been talking about we've been expecting for maybe ten or fifteen years now we see real transactions starting to happen and we see not just the states and banks acquiring some of the players in the market we also see some private banks also trying to consolidate with others to increase their market share. and improve their critical mass where we regard that as a positive development generally what about the risks in the sector what are they. i think the risks are perhaps twofold i think on the one banks are still addressing some of the problems i have from the crisis in terms of bad loa

smith is losing over the hump of the cent but banking stocks on the rise is up nearly one of the hoff percent helped by news it has acquired a blocking stake in bank of moscow. the russian central bank is raising the key interest rate for the first time in trickiest to step up the fight against inflation the refinancing rate will increase twenty five basis points to eight percent consumer prices we percent so far in twenty eleven fueling concerns will be higher than official from the cost of eight percent. and why you trade surplus job eighteen percent in january year on the year it's reached roughly nineteen billion dollars with the country's exports twenty five percent the growth was mostly driven by high energy prices oil and gas sales made up most of the exports. that's it from me you're up to date now join in less than one has time for more business news.

of forty nine percent stake. in this week's news very curvy t b bank which successfully sold ten percent of its shares on monday is planning to snap up bank of moscow the bank is expecting record profits for twenty ten in addition to these positive developments between bees deputy chairman go but moose said that the non-performing loans been steadily shrinking in the past year while it's credible foley was growing above the market. in two thousand and ten we close in the years i said i think we expect to grow above market. expectation will grow somewhere in the area of twelve to fourteen percent for this year for two thousand and eleven we have you know fairly high growth expectations we think. for books will grow in line with market and we think that that will be approximately fifteen percent and told book will grow above the market and we expect to hear growth of about twenty percent what about. we certainly past the peak where now we've seen a steady fall in the last three quarters of two thousand and ten i think for this year we expect that for the full and we expect for the new long portfolio our cost of risk or percentage of reserves that we

stake in bank of lost go from the city's government we to be is also bought from city hall twenty five percent of capital insurance company which owns another seventy percent of bank of moscow deputy mayor says will be paid three hundred billion dollars stakes a forty percent premium to the market price tag of moscow's russia's largest lender by assets. inflation in russia has been racing away since the beginning of the year prices now are nearly three percent higher than they were in january the first of the government is still optimistic it can hit its annual inflation target in two thousand and eleven but as economic development minister and then during the can seems this will require some help from mother nature. reconnected the annual inflation moved onto fly when it's now could hardly see and maybe seven to eight percent however just to cost is based on high expectations of good has a lot of groups in russia and the rest of the world. that's all for now but you can always buy most tories just log on to our website r t dot com slash business tax watch. don't you feel like a. human treatment. significant. leads right between struggling. and. there with arts you live fro

in a way or bank of moscow which is going to be a very significant addition to read to be earnings. that's been banking to banks and h.s.b.c. would be the next foreign bank to quit its retail banking business in russian the news comes after a british bank barclays spanish banks dumped on and we just what funk all closed their retail operations in russia experts say banks who didn't manage to expand their business quicken up prior to the crisis off finding it easy it just sell it off i mean crazed petition. ok that's keeping you that's how we keep you updated joining me in less than one us time more business news. download the official location on the phone the i pod touch from the. life on the go. video on demand on keys and long old calls and says feeds now in the palm of your. questions on the dot com wealthy british study some time to look for the fun. market why not. come to. find out what's really happening to the global economy with mike's cancer for a no holds barred look at the global financial headlines join in two counties a report on our. well here's a quick recap of the s

maker v t b which successful a sold ten percent of its shares on monday and displaying to snap up bank of moscow is expecting the record profits for twenty ten in addition to these positive developments bt b.'s deputy chairman get it morse says the non-performing loans have been steadily shrinking in the last year while its credit but follow is growing a bath the market. in two thousand and ten we close in the years a set i think we expect to grow above market. expectation will grow somewhere in the area of twelve to fourteen percent for this year for two thousand and eleven we have you know fairly high growth expectations we think for for books will grow in line with market and we think that will be approximately fifteen percent. book will grow above the market and we expect to hear growth of about twenty percent what about baghdad's what percent do you think there will reach this year we certainly past the peak where now we've seen a steady fall in the last three quarters of two thousand and ten i think for this year we expect that for the to fall and we expect for the new loan portfolio cost

in a way or bank of moscow which is going to be a very significant addition to read to be earnings. martin stein i've seen metropole there and stay with investments in for foreign direct investment center of the russian economy dropped by a thirty last year to around thirteen billion dollars speaking exclusively to our t. the chairman of gas group six wall says that despite this rush remains very attractive for investors my personal view is it's getting better because the market is in favor for investment market is there missing people who really would like to buy products and that that's where a good on the other hand if you see how positive let's see russia discovered after the crisis this is the next very positive sign for that reason the positive for russia that's it from me you are up to date you can always find more stories on our website r.t. dot com slash business. well here's a quick recap of the stories we're covering here on our. middle east that has already led to hundreds of deaths is putting some confidence on the civil war. that's foreign meddling for fuel. protests.