at a time of tight credit, this high profile project was able to secure half its finance from barclays bank. >>dixon: they've believed in the location and the desire that we have to create this hotel and also that it'sin a very strong market. i think they saw the opportunity and they were able to see what we were going to create in terms of value for the long-term. >>reporter: which represents something of a shift in attitudes, as high end hotels have not traditionally been attractive to investors. >>sangster: the hotel industry itself has been something of a backwater in terms of property investment. in terms of commercial property, hotels represent, globally, something like 5 percent of the market. >>slattery: quite frankly, big capital has not been particularly strongly attracted to hotels. >>sangster: now it's a much more hard-nosed transaction. you know, what's the return going to be. and i think one of the things that they've begun to understand is, particularly with a highly valuable asset likea luxury hotel, you've got to be in it for the long term. >>reporter: there's been talk tha

years of global meltdown and bankers are once again coming to the fore last year and the head of barclays bank told me he gets people's anger at the bankers and the banking system but this year he says the time for the same story is over but it might be too late anyway because the chinese are coming really the big breakthrough this year has been the amount of people from the east really told me they'd seen before in this year. so what about the role of emerging economies that this u.s. form. china's economy soared ten percent last year through the global collapse compare that with barely one percent for many drugs emerged economies and this is really reflected in today's forum we've now got a through track system forced growing emerging states with balls to currency reserves like china russia are on the one hand and on the other you've got sluggish growers with north the levels of debt for example the european union and the united states the slogan for this year's shared norms for the new reality tries to find common ground between the two sides and the first four sessions today all try to lea

at a time of tight credit, this high profile project was able to secure half its finance from barclays bank. >>dixon: they've believed in the location and the desire that we have to create this hotel and also that it'sin a very strong market. i think they saw the opportunity and they were able to see what we were going to create in terms of value for the long-term. >>reporter: which represents something of a shift in attitudes, as high end hotels have not traditionally been attractive to investors. >>sangster: the hotel industry itself has been something of a backwater in terms of property investment. in terms of commercial property, hotels represent, globally, something like 5 percent of the market. >>slattery: quite frankly, big capital has not been particularly strongly attracted to hotels. >>sangster: now it's a much more hard-nosed transaction. you know, what's the return going to be. and i think one of the things that they've begun to understand is, particularly with a highly valuable asset likea luxury hotel, you've got to be in it for the long term. >>reporter: there's been talk tha

royal bank of scotland may pay near 1 billion pounds in bonuses. barclays may award 5.5 billion pounds in salaries and bonuses. numbers indicated there would be paying out to global employees of the investment bank. even if bonuses are cuts, investment bankers have still enjoyed fixed salaries of up to 40%. >> at a time when most british people are suffering a squeeze in income, not everyone thinks bankers should be squeezed. >> according to the banks, banks historically paid a lot of corporate tax. now they're facing a lot of losses. that will take awhile to come back. we could lose a massive amount of revenue through the treasury. we all suffer for that. >> when the bonuses are paid, some want a new tax on them. >> we are calling for a tax on bonuses to support the country's charitable sector. we think there is a direct link between the banking collapse and the social -- social consequences, and the threatened social catastrophe that faces charities and the people they support. >> years the prime minister visiting a smaller business, one of many vital to

footsie is up one point two percent dax is up point eight percent ok and one barclays big point seven percent better lloyds banking group is up two percent in frankfurt shares and siemens are gaining two percent up to electronics and engineering groups chief financial officer said the company would report higher first quarter earnings and sales. here in russia the markets have reopened a ten day break for new year indices are in the black this hour on the back of the strong oil price and ruble. more than a percent this hour some of the stocks russian metal producer m.k. is leading the gains as the company announced it paid two thousand and nine dividends on time coproducer metro is also among the top gainers in the myself to call prices rose to two year high as heavy floods disrupted mines and cut transport in australia stronger crude prices are giving some support to russia's oil majors lukoil up more than three percent on the r.t.s. two hundred percent on the my six that's all we have time for this hour join me again in fifteen minutes time. it is filled with joy. with parades and marches. inspiring people insou

barclays h.s.b.c. refereeing bailey northern rock royal bank of scotland they are rapists they have raped on mercifully these poor young people and now they want to be portraying themselves as the victims they're the rapists so why can't they pass in the u.k. and the financial rape laws rape was still illegal in the u.k. last i checked and these banks are raping people why can't they take them down to the old bailey and string them up for rape i agree with you that the the the rule of law is part of what's being on the minds why i say it's a crisis democracy is i seriously wonder about the rule of law but i go back to you when you were doing the analogy with warfare i mean it's an old cliche but the first casualty of war is the truth and i think that's what's happened i think the financial cost of said this is a war and it's a war. they're fighting for their for their survival as they see it and they think therefore any amount of lying any amount of dissimulation is justified ok well it and any war the role of propaganda is key and. this generation debt seems to me what they need is some proper propaga

the head of europe's biggest bank says it's time to move on. barclay'seo bob diamond told lawmakers in london that banks should stop apologizing for past mistakes. he goes on to say while banks should be remorseful, we need to move forward to promote economic growth. diamond was in the capital to face a u.k. treasury committee to talk about the conduct of banks on executive bonuses. the bank chief is one of the highest paid bankers in the u.k. >>> financial times are so tight across the state that governor brown is taking unusual steps to cut spending. he issued his first executive order taking aim at state employee cell phones. he wants department heads to collect about 48,000 state-issued cell phones from state workers. there are an estimated 96,000 state-issued cell phones and governor brown says taking half of them back will save the state $20 million a year. according to the governor's office, each cell phone costs an avj average of $36 a month. he'd like to see the cut by june 1st. the governor will lead by example and return his state-issued cell

higher in london the footsies higher more than the percentage in london barclays rallying three point seven percent and lloyds banking group is adding two percent shares of h.s.b.c. holdings have jumped to point six percent off to citigroup upgraded the investment bank to hold from vite citing strong new management expectations for strong growth from asian operations the dax is high point five percent shares of c. minnesota giving two percent and drive any after the electronics and engineering chief financial officer said the company will report higher fiscal first quarter earnings than sales. and here in russia the markets have reopened after a ten day break for new year the indices are making only modest gains on the back of the strong got world priced r.t.s. is up to six hundred percent my sets this trading point seven percent higher. russian metal producer m.k. is losing the gains as the company announced it paid two thousand and nine dividends on time called producer meshal is also among the top gave us on the my six after coal prices rose to a two year high as heavy floods disrupted mines and cut transport in a

higher in london the footsie is high point eight percent and in london barclay is rallying twenty point seven percent and lloyds banking group is agent two percent shares of h.s.b.c. holdings have jumped two point six percent off to citigroup upgraded the investment bank to hold from by citing strong new management and expectations for stronger growth from asian operations the dax is just marginally harve point two percent shares siemens giving two percent in germany after the electronics and engineering group's chief financial officer said the company will report higher fiscal first quarter earnings and sales. ok and here in russia the markets have reopened after a ten day break for new year some making only modest gains on the back of the strong but well priced the r.t.s. is up a third of the senate and m i six is trading point three five.

black in london the foot sea is up more than a percent it's led by financials barclay's is up five and a half percent and lloyds bank is up two percent in frankfurt the back says point eight percent higher shares and siemens are gaining two percent after the electronics engineering group its financial officer said the company would report first.

seeing losses lloyds banking is down one and a half percent and world bank of scotland is dropping two point seven percent barclay and h.s.b.c. are both slipping into red point two percent. foundered russia of the r.t.s. in the mind six a slightly lower losing the same number of points about point three percent is the see or read most of the blue chips are losing more leverage by one percent that's solid bucking the trend is for those gold up one point seven percent and corning mittal forty six percent on higher gold prices. russian energy chips are traded moderately negative with the oil majors lukoil and russell have both dropped me about half a percent that on the backdrop of the government raising that oil exports to ship by nine point two percent from february and the person hydropower monopoly was hydro is on just. via losing a third set of losses sparked by authorities raising the terror charge runs in siberia. now one see it too many russian air companies are being forced to remove seats to avoid have to texas russia council some doozies on foreign made airplanes depending on the number of seats they have

royal bank of scotland may pay near 1 billion pounds and the bonuses compared to last year's 1.3 billion pounds. barclays may reward 5.5 billion pounds in salaries and bonuses when the results of the of the first nine months of last year indicated it would be paying out to global employees of its investment bank. even if bonuses are cut, investment bankers won't necessarily be worse off because many of them have enjoyed of rising salaries between 20% and 40%. >> at a time when most people are suffering a squeeze in income, not everyone thinks bankers should be squeezed. >> employees pay a lot of income tax. banks historically pay a lot of corporate tax. right now, there having a lot of losses. that will take time to come back. we could lose a massive amount of revenue to the treasury. we all suffer for that. >> as to when the bonuses are paid, some want a new tax on them. >> we're calling for a tax on bonuses to support the country's charitable sector. we think there's a direct link between the banking collapse and the social consequences, and the threatened social catastrophe that faces charities and th

banks leading a higher knowledge of stocks such as siemens gaining about two percent after an optimistic statement made at investor conference and in london puts his high point nine percent but barclay out about four hundred percent and arm holdings has just jumped six and a half percent off it's been dry. commanded by sea a big seas led by as one of cell technology to take over targets. and here in russia the markets have reopened after a ten day break for new year the indices are making only modest gains on the back of the strong well priced the r.t.s. is up a fifth of a sound my six is trading zero point three percent higher energy stocks are mostly on the rise but look boyle up more than two percent. of the oil company is among analysts top picks for investors looking to take advantage of the country's recovery of an it's going to sound from bernay since capital also believes russia is likely accession to the world trade organization will also boost . the wider energy industry its improving its information flow it's starting to. publish very good very strong very strong numbers and another big driver for you is that it's almost like russia is going to go into a w w two membershi