m i six put on one and a half percent in gangs led by banks burbank gained around three percent. looking ahead to the trading week peter weston from our tom believes directions hard to predict although sentiment will probably continue to be dominated by the sovereign debt crisis in europe this will probably be another greek week given that at the end of the week we're going to have the voting by the greek parliament on the austerity measures and even though they might like to pass it we're still going to have the response from the population which we're not going to that optimistic so i think that would be what's going to taint the whole week and also we're going to see whether or not going to have more trouble out of a lot of countries given that we've had a hike in lending rates that means that the support has gone up for these countries so we're going to have not speculation about who's going to list so i think directional it's going to be extremely difficult to sort of say how this was going to pan out but i think we can rest assured it could be more volatility probably low v

ends burbank are currently seeking to exploit a europe where a bank has already confirmed its interest in buying votes bank international in austria and he is considering expanding its headquarters to develop local interests and celebrations over there but all in all given the profits and a forecast we see that russia is definitely moving ahead to reaching its pre-crisis levels all right marina course there thank you so much for that insight on those bags of beauty beads a shareholder meetings and you so much all right we have time to take a look at the markets now finally european stocks are mixed though they seem to be steadying for a sharp sell off in the previous two sessions following mixed showings overnight on wall street and asia actually see right now is up by a notch index point four percent and moscow the l.t. has a nice six trying for a different picture there as he is down point four percent my six point seven percent secular to some in the individual movers energy majors are trading in the red right now is down a quarter of a percent though was trading positively before s

russia's biggest lenders burbank is working on expansion into europe one of its first steps is to bid for austria's folks back international as burbank c o herrmann graf is to offer seven hundred fifty million euros less than the owners expected the austrian banking group put its fifty one percent stake in its eastern european oh. and its leasing business for sale in december bangkok to raise one point eight billion euros. i'm pretty sure major b.p. says it has no plans to sell down its stake in its russian venture ten k. b.p. the company denied earlier media reports that it threatened to do so b.p.'s russian partners and think the b.p. recently blocked the share swap deal between the pretty sure major and state run ross now but despite the wrath b b p says it focus is on developing taking b.p. which is also the country's third largest oil producer. and staying with all members of the oil exporting cartel opec are meeting in vienna to look at possibly increasing quarter it could be one of the most volatile gathering since the gulf war it's believed opec wants to replace a drop in levy

staying with the bank russia's burbank was included in the list of the world's twenty strongest banks ranked by bloomberg markets magazine stanley russian bank of its european the racing while most of the places are right by lenders from canada and singapore the list involves banks with assets worth more than one hundred billion dollars taking into account small share of bad credit and high work efficiently. i'm sick of the markets now and oil prices are up with the light sweet adding around one dollar three cents brands up seventy seven cents meanwhile worries over greece's debt problems and global prospects for global growth are still weighing heavily on the markets will we see is actually a rebound because it will last six percent last week a situation you're raising concerns about energy. stocks across asia are pushing high and make a added one point one percent saying almost one percent also retails like this war mongers ok so you go to and honda in the lead up to the car makers reporters they were set to go on a hiring spree to increase production. here moscow trade is kicked of

oh you want your business out here with me to be she met with russia's biggest lenders burbank could be in line for hefty investment from china the china investment corporation is interested in buying a five percent stake in the bank in a deal that could be worth four billion dollars however market players say the lender is unlikely to sell such a big stake to just one investor burbank is a prime acid in russia's massive privatization drive the state is going to sell seven point six percent of its stake in the bank in autumn. while is extending losses with a stronger dollar and worries about global demand dropped sharply at the end of last week following a decision by the international energy agency to release strategic reserves on the markets the move is having a direct impact on the russian market which relies heavily on energy exports however you are slipping somewhat at deutsche bank says the effects are likely to be short lived. i really think the effect of these measures will prices is likely to be transitory i don't think it's going to have a long term significant. i think the

back to the country's biggest lenders burbank retail lending in russia is to receive a facelift with the addition of a strong new player the country's largest bank is teaming up with being p. parry boss russian subsidiary the joint venture will install loan offices and many retail stores across russia within about three years the company is expected to dominate with around thirty percent market share and this just that the comfiest be competitive advantage will be rooted in low interest rates or bond is set to seventy percent off the new fall with being prepared for holding the rest. ok that wraps up the business bulletin although but with another update in less than one last time and you can get most or a small website r.t. dot com slash business. move. to. live from moscow this is r t the headlines now nato admits to killing civilians in sunday's strike on tripoli claiming a weapon system failed they've been officials claim there been more than eight hundred innocent victims of the alliance's bombing since the intervention began in march. the international atomic energy watchdog pr

gerri thank you very much for that hello and welcome to business good to have your company burbank will finalize the decision of acquiring controlling stake in austria bank international in around two weeks' time the seven hundred million euro deal will be helped russia's biggest lender to establish itself in the european market but. the company sentiment towards international expansion. we are interested in emerging markets for example in europe we're interested in turkey and poland and we will look at assets in these countries according to our preliminary plan by twenty fourteen we should gain five percent of net profit on the international markets however i don't think we'll be able to cope with that as we changed our priorities to date we aim for a better competitive level in our country most likely we will be able to increase our expansion strategy after twenty fourteen to twenty fifteen but today our domestic market is our main priority. staying was burbank russia's largest lender was included in the list of the world's twenty eight strongest banks ranked by bloomberg markets maga

russia may sell five percent in those burbank the largest bank to chinese sovereign fund for about four billion dollars the chinese newspaper twenty first century business herald says china investment corporation has received a proposal from one of the banks organizing privatization burbank and c.i.c. already in talks on a potential deal the chinese company has over two hundred billion dollars in management. the warning lights on europe's debt crisis are flashing red and that's the verdict of the president of the european central bank. his analysis might be a little behind the curve according to a number of commentators who think it's only a matter of time before the single currency collapses patrick young editor of the book the gathering storm describes the possible consequences of your integration. there's a credible possibility i mean if the euro actually is going to collapse then there is a very very significant process because after all the euro is the second most important currency on the planet to mean roughly one third of all the world's reserves are in u.s. dollars something li

f l one point five percent and banking stocks were also lower with burbank's like one point two percent. and that's all the business is for this hour we'll have more for you in just under an hour's time stay with us the headlines next. hungry for the fall slump we've got it first hand the biggest issues get a human voice face to face with the news makers on our t.v. . sets.

." >> reporter: as chief pilot of the burbank and glendale police departments in southern california, it's sergeant steve robertson's job to fly into danger, but increasingly, he's facing a danger many fear could cause a crash-- powerful handheld green laser lights blasted into cockpits from the ground. >> very painful. >> reporter: one laser beam nearly blind roberts. his copilot had to take control. >> it felt like getting hit in the head with a baseball bat. it actually burned both my corneas to the point where they had to scrape the top layers of my eyes off. >> reporter: it's not just small craft but airliners, too. this cockpit recording is from a southwest flight taking off from san jose. >> reporter: today the f.a.a. announced it would slap fines of $11,000 on anyone flashing a laser at an aircraft. >> it's every bit as serious as a physical action on board the airplane. it jeopardizes the pilots and their passengers. >> reporter: the problem isn't weak red lasers used in powerpoint presentations but powerful green lasers. their legal power limit in public is five milliwatts b

main gate is gazprom up to half the sense banks are also feeling well two and a half percent for the burbank metals miner m.m.j. is also gaining company both in the net profit of one hundred thirty four million dollars in the first quarter of the year the previous expectations. the warning lights on europe's debt crisis flashing red that's the verdict of the president of the european central bank. his analysis might be a little behind the curve according to a number of commentators who think it's only a matter of time before the single currency collapses patrick young editor of the gathering storm describes the possible consequences of your disintegration. there is a credible possibility i mean if the euro actually is going to collapse then there is a very very significant process because after all the euro is the second most important currency on the planet i mean roughly one third of all the world's reserves are in u.s. dollars something like twenty five percent are held in europe so if the eurozone goes into a debt spiral that causes a huge problem it causes a fundamental crisis of confid

by speculation about an upcoming merger with a world leading gold mine a preferred shares of his burbank now that was a good investment today it was up six point one percent at the close on reports that the bank they can but them into ordinary shaz and this could boost that liquidity ahead of privatisation michael rubenstein from what i've seen metropole wraps up with a straight. this week was a interesting way because their volume is a bit lower than usual certainly we are in the beginning of summer but on the other hand anticipation this wait for their. labor board our united states we cherry came out to be quite disappointing. but in the course of the week it was the dynamics were mixed and the good news that was working in the market was the expectation that greece is going to get this second bailout package approved the bad news or rather then dissipated of bad news was building out to their worse than expected numbers which we did so on friday so we are seeing we're closing down and . after the fall in the next week we're closing down and for the whole week we're going to be down.

stocks if you look at those lukewarm is down half a percent banks have managed to recover some wants burbank is up just by a notch and apple is up zero point six percent the company was named the best east european airline at the ongoing luxury show. russia's equity markets are stuck in a low as global events continue to dampen investor sentiment but not rubenstein at metropole i've seen leaves out a couple of stocks worth taking a closer look at. russian market looks. very inexpensive at this point but hey the sentiment rules the market but there are couple names i think that might be hired hard to resist one is very bank very simple but i think it's a combination of trade investment idea at the same time in the metals sector it's been down of course as well and we are seeing good values there we want to highlight there are several stall and which is the company and that is completely broad sickly integrated and this is it's big big one of the biggest advantages we know we expect coal prices to move higher but given their full integration i'm going to integration of sales doll that should n

percent supported by news it's close to acquiring half of its belorussian rival billows carly and burbank. was the biggest game out for the hoff a sense of love the if you come from a through to bankruptcy of the bank. the russian markets have been quite volatile today and says the beginning of this week overflights in the nervous news for that we're seeing come to come from the u.s. in the euro zone however this news flow is partially offset by the strength of brant we're seeing my six upcoming developed markets heading around two percent on the week against the s. and p. which was strong five percent since i've been weak and i should say the largest consecutive sixty dollars for the s. and p. since a temporary of two thousand and nine worth noting perhaps that in the entire history of s. and p. of the last twenty one years there have been only fourteen instances of such consecutive losses that shows that a certain technical benchmark has been hit by the market. turn up best amounts of the headlines. in some pieces but all she's available in grand hotel near a grand hotel emerald marco p

business out to russia's biggest lenders burbank could be in line for hefty investment from china the chinese investment corporation is interested in buying a five percent stake in a deal that could be worth four billion dollars however sources say the lender is unlikely to sell such a big stake to just one investor the bank is a prime asset in russia's massive privatization drive the state is going to sell its seven point six percent stake in the bank in. smoove to the markets in just a few months before that will extending losses with stronger dollars and worries about greek debt weighing on the prices dropped sharply at the end of last week following a decision by the international energy agency to release strategic reserves on the market and the move is having a direct impact on the russian market which rallies heavily on energy export relies rather however yugoslavia's of what a bank says the effects are likely to be short lived i really think the fact that these measures will prices it is likely to be transitory i don't think it's going down from significant. i think the reason

now back to the country's largest lenders burbank retail lending in russia is to receive a facelift with the addition of a strong new player the country's largest lender is to meet up with b. and p. para boss russian subsidiary the joint venture will install loan officers in many retail stores across russia within about twenty years the company is expected to dominate with a round of thirty percent market share from a suggest that the company's key competitive advantage will be rooted in lower interest rates or bunker is set to seventy percent of the new fund with the parable holding the bust. and that wraps up the business bulletin joined in less than one us time for more business stories and get more news while web site r t dot com slash business. culture is that so much of it varies i mean it was never a real story and it's not africa and the news outside interest in this continent is the man's rich in natural resources and a growing middle class china to be. live from moscow this is r.t. the headlines now nato admits to killing civilians in sunday's airstrike on tripoli claiming a we

at the main movers on the my side it's mostly energy majors are losing their point six percent is burbank with d.t.b. they're both down point four percent but bucking the trend is russia's flagship carrier it's up more than one percent. russia's equity markets are stuck at a low as global events continue to dampen investment sentiments but not reubens i've seen metropole believe there are a couple of stocks worth taking a closer look at. russian market looks. very inexpensive at this point but hey the sentiment rules the market but there are couple names i think that might be hard hard to resist one is very bank very simple but i think it's a combination of trade investment idea at the same time in the metals sector it's been down of course as well and we are seeing good values there we want to highlight this several stall and which is the company and that is completing the roads equally integrated and this is it's big big one of the biggest advantages and we know we expect coal prices to move higher but given the full integration north to integration sales call that should not affect its

individual moves on the my six on tuesday well majors were among the main game is to meet hybrid prices burbank shares on the rise by strong first which results profits russia's biggest lender doublecheck three point one billion dollars that's above and this estimates. ok the finance news for you online any time majority dot com slash business or join me in less than one of those time for more business stories here on archie. if. it is easy to. say. download the official t.m.p. cation show on the phone called touch from the i choose ups to. lunch all she life on the go. video on demand she's mine old comes an r.s.s. feeds now an apology i want to. push him on the call to come.

four percent in the next four years now both banks are currently see concerts and in europe those burbank has already confirmed interest in buying last response by international and b two b. is considering using its headquarters in vienna to attract local customers now given the profits off last year and the forecast for this year analysts say that russia is that really heading to pre-crisis levels. not in the culture of the reporting for business see the headlines the next statements. dump the official key application your i phone the i pod touch for me i choose not .

hundred million euro deal will help russia's biggest lender to establish itself on the european market burbank c.e.o. get i'm going to have outlines the company's ideas for international expansion. we're interested in emerging markets for example in europe we're interested in turkey in poland and we will look at assets in these countries according to our preliminary plan by twenty fourteen we should gain five percent of net profit on the international markets however i don't think we'll be able to cope with that because we changed our priorities to date we aim for a better competitive level country most likely we will be able to increase our expansion strategy after twenty fourteen to twenty fifteen but today our domestic market is our main priority. segment of the markets now oil prices are up with the light sweet crude adding more than one dollar brant also adding around eighty cents or last six percent last week as situation in europe raise concerns about energy demand so this is a correction we're seeing right now across asia stocks are pushing high the nikkei added one point one percent t

it's close to acquiring harvard's belorussian rival below this carly and ross hydro was also up but burbank was the outstanding heavyweight three and a half percent bloody good can from the bank sums up the day straight. the russian markets have been quite volatile today and since the beginning of this week i reflecting the nervousness for that we've seen to come from the us in the euro zone however this news flow is partially offset by the strength of brant we're seeing my six outperform in developed markets around two percent on the week against the s. and p. which the strong five percent since a week and actually it's the largest consecutive six a loss for the s. and p. since every us has a nine worth noting perhaps that in the entire history of s. and p. of the last twenty one years there have been only fourteen instances of such consecutive losses that shows that a certain technical benchmark has been hit by the market. key issues related to russia's excesses of the world trade organization princess of prime minister putin says there will be a period when russia will be allowed to prot

say it was burbank russia's largest lender was included in the list of the world's twentieth strongest banks ranked by bloomberg markets magazine as the only russian bank ever to appear in the raising world most of the places are compiled by lenders from canada and singapore elizabeth banks with assets worth more than one hundred billion dollars the small share of bad credit and highwood efficiency counted as the difference between incomes and losses. so you can look at the markets now at world prices are up with light sweet gating almost dollar actually sixty five cents there brant making it back to post surgery up eleven percent worries over greece's debt problems and cloud prospects for global growth are still weighing heavily on the markets and the world lost six percent last week has iteration your phrase concerns about energy demands and this is a correction. in stock markets across asia stocks of pushing up higher percent saying up one point three percent or so and retail stocks are among the top gainers so years is a zero percent and pound is rising almost one of the filmmakers

the end of the session lukoil gained more than one percent thank you shares were also strong was burbank up half a percent on the optimism that eighty yards have been approved for trading in london frankfurt telecom slipped into the red by the closing of three when there was talk all day of announced a six percent increase in their profit for the first quarter. and we will be back with an update in fifty minutes time coming up next hour you had. wealthy british style some spare time.

over two percent supported by news it's close to acquiring half its power washing rival and just burbank was the top heavy weights three and a half percent there you can count on not creating a bank had this to say about the trade. the russian markets have been quite volatile both today and since a big. and this week i referred to the nervous news for all that we're seeing come to come from the u.s. in the euro zone however this news flow is partially offset by the strength of rent we're seeing myself for me in developed markets around two percent on the week against the s. and p. which will stay on five percent since the beginning of week and actually it's the largest consecutive six year was b.s.e. the since february of two thousand and nine worth noting perhaps that in the entire history of s. and p. of the last twenty one years there have been only fourteen instances of such consecutive losses that shows that a certain technical benchmark has been hit by the market. and that was the solution of the business news on the headlines of max with tales of do stay with us. the. mind in russ

hundred million euro deal will help russia's biggest lender to establish itself on the european market burbank c.e.o. her bank graph outlines the company's ideas for international catch. we're interested in emerging markets for example in europe we're interested in turkey and poland and we will look at assets in these countries according to our preliminary plan by twenty fourteen we should gain five percent a net profit on the international markets however i don't think we'll be able to cope with that as we changed our priorities to date we aim for a better competitive level in our country most likely we will be able to increase our expansion strategy after twenty fourteen to twenty fifteen but today our domestic market is our main priority. and russian technologies is getting down and corporations creating a new waste disposal company that will own as much as twenty five percent of the rest will be controlled by domestic private investors still unclear though how the company will be financed but russian technologies says it's relying on cash from state projects with the country's ruling party

energy shares were actually mixed with declining why not look or was up one percent burbank also on the rise held by reports it's eighty years have been approved for trading in london and in frankfurt prices not exactly hundred roubles which share telecom slipped into the red by the closing on trade while it was one of the top all day after announcing six percent increase in their profit the first quarter under about manna from gazprom bank wraps up today's trade. it's already a summer in the last thirty outside of the window so actually addictive it is kind of low between both russian and international clients we're actually looking at probably a little more optimism because obviously the market was getting nervous about different things and greece first of all with when it's at least in terms of the voting it's all done. should be some relief on the market russia's central bank has left a key interest rate unchanged for the first time since november the refinance rate has been capped at eight point two five percent after two increases earlier this year the decision comes amid slowing

staying with the bank russia's burbank was included in the list of the world's twenty strongest banks ranked by bloomberg markets magazine stan the russian bank ever to appear in the racing while most of the places all complied by london's from canada and singapore the list involves banks with assets worth more than one hundred billion dollars taking into account small share bad credits and high work efficiency. sectors of the markets now and oil prices are up with a light sweet adding around one dollar three cents brant up seventy seven cents meanwhile worries over greece's debt problems and the prospects for global growth is still weighing heavily on the markets what we see is actually a rebound because oil lost six percent last week a situation in europe raise concerns about energy. stocks across asia pushing high and make a one point one percent hang saying almost one percent also retail cyclists were among the top gainers with toyota and honda in the lead up to the carmakers reporters they were set to go on a hiring spree to restructure. their moscow trade is kicked off the r.t.s

with the transcriber bank now both of these companies are currently seeking to expand in europe this burbank has already confirmed its interest in buying a boat spanker it all strauss and beats him he is considering developing its headquarters in vienna to attract local customers given the profit of last year and a forecast for this year i know the saying that russia is definitely heading to pre-crisis levels. thank you very much morgan of course it was rough bring us the highlights of annual shareholders' meetings of russia's two largest banks. are time to have a quick check on the markets or watch on friday as the dollar strengthened against deposit of currencies as investors await us known phone payrolls data which seem a scourge of gold in setting the stage for price directions ahead lights we just raging out of one hundred dollars barrel and branches that one hundred fifteen dollars. in asia japanese nikkei finished in the red as variance what sport just melted on to the heat of a cooling storm and hong kong as i'm saying is also down with banking stocks in one of the main loses its cli

by news that could create a joint venture with its pro russian rival mass by the end of the year burbank is also on the rise held by reports that say a.d.r.'s have been approved for trading in london frankfurt and telecom is one of the biggest gainers up one point seven percent after announced a six percent increase in their profit first. business out c we'll be back next hour and fifteen minutes to be exact and join me. i was just thinking about my future before the foreign companies came i dreamed of owning a can cutting factory. but we have less garbage now. some businesses who come here make fun of me. figure out garbage boy i'm not bad like people think. i'm a good person. it's just the people don't see me. but i feel it was time people like me. that i feel people will start to appreciate us. they faced it this is not a problem but a warning. before it that we should just everybody you should disapprove retraced because they have no idea about the hardships the face. they wanted the scissors. yeah all of them too nice and for any army to life ever using is the most precious thing in

star by car holding their annual shareholder meetings and there's a lot to talk about this burbank is expected to real like the c.e.o. germann graph or another four year term the supervisor borders on the five major changes one third of the seats will be set up. all right we seem to have some technical problems we'll try to return to marina as soon as possible and we still have time to have a quick look at the markets. ok. let's have a look at the price of oil was flat on friday as the deal was transcend against a basket of currencies as investors await us nonfarm payrolls data which is seen as critical in setting the stage for price directions ahead so you can see those figures on the screen light so we distributing. below one hundred dollars a barrel and brandy's at one hundred and four dollars. if you want to asia japanese nikkei finished in the red as well which has melted under the heat of the falling u.s. dollar and saying it's also done with banking stocks among the main losers they declined on concerns of more possible tightening of the coming long weekend as chinese regulator

. >> reporter: as chief pilot of the burbank and glendale police departments in southern california, it's sergeant steve robertson's job to fly into danger. but increasingly, he's facing a danger many fear could cause a crash. powerful handheld green laser lights, blasted into cockpits from the ground. >> i'm very thankful. >> reporter: one laser beam nearly blinded roberts. his co-pilot had to take control. >> it felt like getting hit in the head with a baseball bat. it actually burned both my corneas to the point where they had to scrape the top layers of my eyes off. >> reporter: it's not just small craft but airliners, too. this cockpit records from a southwest flight taking off from san jose. >> i just saw a big flash out the window, and the captain saw green light inside the cockpit. >> reporter: the faa announced it would slap fines up to $11,000 on anyone caught flashing a laser at an aircraft. >> it's every bit as serious as a physical action on board the airplane. it jeopardizes the pilots, and their passengers. >> reporter: the problem isn't weak, red lasers used in powerp

uniform welcome to business team russia's biggest lenders burbank could be in line for a hefty investment from china and chinese investment corporation is interested in buying a five percent stake in the bank and as you know that could be worth while billion dollars however sources say the lender is unlikely to sells it's a big stake in just one investors world bank is a prime asset in russia's massive privatization program so it is going to sell a seven point six percent stake in the bank in order. well as extending losses with a stronger dollar and worries about greek debt weighing on the price it dropped sharply at the end of last week following a decision by the international energy agency to release strategic reserves on to the market a move is having a direct impact on the russian market which relies heavily on energy exports however get us out of someone like a bush a bank says the effects are not likely to be shortlived i really think that these measures will prize as is. transitory i don't think it's going wrong from significant that. i think the reason why you have. reaction fro

staying with burbank russia's largest lender was included in the list the world's twenty strongest banks ranked by bloomberg markets magazine as the only russian bank ever to appear in the ratings well most of the places will be played by lenders from canada and singapore liston both banks with assets worth more than one hundred billion dollars with a small share of bad credit some high working fish and see counted as difference between incomes and losses. signal to the markets now world prices are up with light sweet adding more than one dollar there's a less than that the latest figures show seventy eight cents brant around ten cents worries over greece's debt problems and a lot of prospects for global growth are still weighing heavily on the market yet we are seeing a correction because we're lost six percent last week and the situation sounds about average and. if we look at the stock markets in asia very positive picture then they care more than one point one percent hang same point eight percent also retail sectors are among the top gayness is up around the percent honda even more

meeting is happening right now improve the dividends increased by thirteen and a half percent as burbank is down by just a notch half what is bucking the trend it's up almost half a percent the company was named best east european airline at the. paris. russia's equity markets stuck in a low as global events continue to dampen investor sentiment but mark rubenstein a measurable life see believes that a couple of stocks are worth taking a closer. russian market looks. very inexpensive at this point but hey the sentiment rules the market but there are couple names i think that might be hard to hard to resist one is better bank very simple but i think it's a combination of trade investment idea at the same time in the metals sector it's been down of course as well and we are seeing good values there and we want to highlight there are several stall and which is the company and that is completely integrated and this is its big big one of the biggest advantages we know we expect coal prices to move higher but given the full integration. to integration of several style that should not affect it

same was burbank russia's largest lender was included in the list of the world's twenty eight strongest banks ranked by bloomberg markets magazine it's the only russian bank ever to appear in the raising while most of the places are occupied by lenders from canada and singapore the list involves banks with assets worth more than one hundred billion dollars the small share of bad credits and high work efficiency counted as the difference between incomes and losses. secular go to the markets this oil prices are trading mixed with the light sweet adding around thirty cents and brant losing around twenty worries about greece's debt problems and clouded prospects for global growth are still weighing heavily on the markets for last six percent last week as the situation in europe raise concerns about them out. to the stock markets now in the gross as your stocks are pushing higher than a k's adding a third of a percent service to hand saying water and retail sectors are among the top again as toyota as a percent and honda rising almost one and a half percent after the car market's reporters c

bounce back from earlier losses with gas from around point one percent up banks are also gaining burbank percent in the black supported by reports it's more than double that profit in the first five months of the year and electricity sector into rubble is on the rise are reports about the company's possible cooperation with chinese. that's the business update for this i'll be back with more stories in about forty five minutes from now.

risen twenty six percent in the first half of two thousand and eleven compared with the previous year burbank is also on the rise held by reports eighty r.'s have been approved for trading in london and frankfurt and rolls telecoms up over two percent after it announced a six percent increase in net profit for the first quarter. now russian equities are struggling for direction. but sergey saw her off at deutsche bank says blue chip names are still the pick of the crop for future dates but as general mistrust for second investors don't invest one second to do three and we can do it there are reasons. that are not good but are many pray that you soon move sheeps as one will probably is the most free one who sheeple why the markets but there are some concerns the thought overcome the risk that they in the september the book will be sold in the month put on them to the market with some discount and the solution with. why is the interest from has been bumping dustball mother knew something of some impacts us all so one for me profit the something not on the steps but most move chips chip on multi

point three percent of burbank fell one and a half percent. so for now i'll be back with more in about forty five minutes turn it. from. mission. good education free. range and free free. free.

merger with the world's leading miner but shares still went down by knowledge preferred shares of this burbank outstanding performers of the day they jumped more than six percent on reports that the bank may convert them into ordinary shares this could boost their liquidity ahead of privatisation. business out see we'll be back in fifteen minutes time with an update but you can always catch the latest business news out of. business headlines are next stay with us. the close up team has been to the golden grand reach thank you on the turning point i'm looking forward to. this time the party goes to the region where half of the area is occupied by a nature preserve. where the young generation transition their ancestors stamps and where the mysterious city of the deadlocks world come to the republic of novoselic yes russia kazakhstan aki. wealthy british style. but i'm not surprised. that. markets by now scandal. find out what's really happening to the global economy in the kinds of reports on our t.v. .

some of the heavyweight stocks on the my six they're all green rosneft is up almost couple cents burbank is one point three percent black and no one is bank is one and a half percent high after putting a one hundred fifty million dollar profit in the first quarter. castro has fired a warning shot at. the e.u. over the hope they debated russian gas deliveries to europe the company's c.e.o. alexei never says if the current price model does not suit european customers it would deliver its gas to asia instead it's a coconut or else he believes the remarks are intended to spur china rather than the e.u. . i think is pretty much stating the obvious in the sense that everybody knows that sooner or later gas from will start supplying gas to china and that will be quite significant of slightly less than half of what it's now supplying to the e.u. . maybe even more see how it works out but. it's very much repeating the obvious given a slightly different color can you and it's also head of the economic forum in st petersburg where we would like to see some kind of announcement or at least prelimina

supported by speculation about an upcoming merger with the world's leading coal miner preferred shares as burbank jumped six percent on the reports that the bank may convert ordinary shares and this could boost their liquidity i had a privatization. no more spanish cucumbers or brussels sprouts russia will be on a diet free of european vegetables until the government is sure they are free of eco like not only will this make it more difficult to find your five a day in russia it could also make them more expensive. this lasts long enough this will create inflationary pressures there's no question about it the question is how long this will last is this just a one off or is this a bigger problem that will last for longer. and i think this is a one off clearly and this should be very short because it's actually not in anyone's interest and it's the last thing that the government wants is additional inflationary pressures. this need stimulated film of the local producers but remember that if you look at the national operators national retail chains. still very small percentage locally pretty differen