with me charlayne was fairly top finance officials in the world's major economies of agree to boost the power of developing countries in the international monetary fund and the g twenty meeting in korea but they failed to set targets to address the tensions surrounding currency devaluation the i.m.f. deal with the europeans give up two seats on a twenty four strong board powerful developing countries and transfer six percent of votes to the g twenty finance ministers and central bank governors say they will also move towards more market determined exchange rate system but the u.s. proposal to set a new record targets on external balances was rejected by countries such as china and south korea. but an hour is editor in chief of business new europe says the g twenty countries all struggling to coordinate their efforts against the competing demands of ensuring their own economic growth. we're now in a very difficult part of the recovery and when the finance ministers around the world are facing into the abyss of global depression two years ago it was very easy for them to coordinate all th

hello welcome to the business program with me charlayne was folly global finance cheese have struggled to find a solution to differences over exchange rates warning that a currency war could harm the world economy as the international monetary fund's annual meeting got underway in washington policymakers warned the efforts because it reduced exports by embracing weaker currencies may provoke protectionism and trade imbalances i.m.f. managing director dominique strauss kahn said that using currencies as a tool of economic policy can lead to very bad situations in that the i.m.f. wants to better identify how the actions of one economy affects others. so there is no domestic solution to global problem even if it is understandable that some individual can treat facing huge capital inflow wants to resist this current of volatility and source of instability and possible bubbles so our mobile evening gown dru's. which try was one shot to limit the influence of the capital inflows but it cannot be long lasting solution what we need is more cooperation on the monetary side and national much ass

with me charlayne was folly now in the last few minutes top finance and and officials from the world's major economies that agreed to hold back from driving down their cars they secure themselves a competitive global edge the g twenty finance ministers and central bank governors have said they will move towards more market time in exchange rate systems and give developing nations more say at the i.m.f. the statement comes at the end of talks of the group of twenty in south korea where one of the main story because this has been avoiding international currency tensions. the serious investors everywhere have been buying physical gold since the start of the financial crisis as a hedge against uncertainty russians however bible and more as an elegant present rather than a clever investment such an employer covert finds out why. gold futures gold exchange traded funds gold mining shares there are plenty of ways to play gold box none of them offers the same sheer reassurance that the yellow metal itself we of course. stock analysts we tend to focus a lot more on the companies that produce th

hello welcome to the business program with me charlayne was folly russian president dmitri medvedev is visiting cyprus aiming for close more transparent financial ties the country is the biggest foreign investor in russia because so many russian companies are registered there but that may change as russia tightens up its tax rules such an employer kovar exclaims. cyprus is a small island in the mediterranean and it's russia's biggest foreign investor however most of the capital flowing into russia is not separate it's russian want to coming back home from an offshore tax haven easy come easy go with minimal taxes for business top russian tycoon operating through firms registered on cyprus it's been previously so on corporative that it was added to russia's black list threatening tax penalties for companies registered there and new double taxation agreement is expected to remove cyprus from the notorious list but it will boost information exchange between the two tax authorities but will mean a lot for this production of russian business until most of play a. role in terms of restructur

hello and welcome to the business program here on our team with me charlayne was folly there are government has revealed some of the details of his privatization program the state will sell stakes in around nine hundred companies by two thousand and fifteen worth around fifty eight billion dollars the program covers the whole spectrum of the government's involvement in business among the most notable offerings of the sale of shares in bank to billow controlling its serious investors share interest the government's taking spare about controlling what it's holding in national airline araf lot it could also sell up to fifteen percent of oil company rules on earth by two thousand and fifteen deputy prime minister. said the program was intended to help russia modernize its economy. but the main goal of the would be to change the investment of these assets to address private investors and do if you change the structure of leadership of the companies to make them more transparent please stable and reliable. let's look at the markets now and here in russia they finished wednesday session mixed so t

with me charlayne was folly the russian government has revealed some of the details of its privatization program the state will sell stakes in around nine hundred companies by two thousand and fifteen worth around fifty eight billion dollars among the most notable offerings will be the government reducing estates indeed to be found to below controlling three years of serious investors show interest the government's taken to controlling as well its holding in national airline araf lot you could also sell up to fifteen percent of all companies or snuffed by two thousand and fifteen the plan is yet to be signed by president reaching which bit of finance minister alexei cujus has expects investor demand for the privatisation programme to outstrip supply. to the market down here they finished wednesday's session of mixed with the r.t.s. down low point eight percent energy may just be the main news is for willing gals problems down more than not when five percent banking stocks are up today in terms of the want. to oversell gold mining you need to seeking a regulatory approval for want of a bi