painful for deutsche bank? >> on one hand, it is an awful lot of money, but on the other hand, the story is over. so it is a once news and never again. that is good for the stock price of the databank. they have to have this equity like all the big banks to cover the regulatory demands, so it is a good thing it is finished and forgotten so we can look into the future without any problem from the past. >> how did this go on this along without making headlines? >> seen in, both agreed there had to be some kind of negotiation. this would help reduce the damage done to the bank in a way that is a very fair by the american authorities to do it this way. i think that what exchanged of deutsche bank did not agree to really confess and bring up a very clear statement. >> thank you. let's have a look at some market indices in detail. we go to frankfurt where the index closed down word. the 50 index closed down as well. in new york, the dow jones is currently going up. the euro is currently trading for one $0.3091. the g

painful for deutsche bank? >> on one hand, it is an awful lot of money, but on the other hand, the story is over. so it is a once news and never again. that is good for the stock price of the databank. they have to have this equity like all the big banks to cover the regulatory demands, so it is a good thing it is finished and forgotten so we can look into the future without any problem from the past. >> how did this go on this along without making headlines? >> seen in, both agreed there had to be some kind of negotiation. this would help reduce the damage done to the bank in a way that is a very fair by the american authorities to do it this way. i think that what exchanged of deutsche bank did not agree to really confess and bring up a very clear statement. >> thank you. let's have a look at some market indices in detail. we go to frankfurt where the index closed down word. the 50 index closed down as well. in new york, the dow jones is currently going up. the euro is currently trading for one $0.3091. the g

thank you very much indeed garth that for us if that list of only comes tory chief economist from deutsche bank thank you very much. a check on the markets now european stocks are likely higher as markets attempted to bounce back from the. losses in the private session with gains led by banks and all stocks the german dax is trading flat to positive call make it is still the top losers we're going to run down two point eight and zero point eight percent respectively the ritzy remains closed for public holiday in russia the stock markets are trading higher the sound with the aussie had a stop about through its tenets percent and then not six gaining more than a minute of that russian stock to make it off to the comas among the top again is open on the my sixth of about one percent russia second because. of the t.v. broadband onst it's all constable corporate stock tickers were up to twenty five cents next year but that information had little influence investors exterior to this they buying shares are almost flat on the r.t.s. and that might say. it will rally which saw prices hit a two year high

federal officials say deutsche bank has admitted to criminal wrongdoing and agreed to pay more than $550 million for helping wealthy clients avoid paying hundreds of millions of dollars in u.s. taxes. new york's attorney general has filed charges against accounting giant ernst & young accusing them for helping lehman brothers hide things. ernst & young says there is no factual or legal basis. >>> julian assange has confirmed bank of america is the target of his next big expose. assange predicts, quote, if they're operating in the same way, there will be resignations. >>> and keeping internet providers from interfery was web traffic down the road, and keep an eye on nike. shares close higher, but tumbled after the bell thanks to weaker than expected future orders. and apparently eating out when you're unemployed can pay off. at least it did for one lucky mcdonald's customer who hit the fast food chain's million dollar jackpot. and i'm sure he's loving it. >>> dallas burns the sunshine state. the oregon trail leads to another award, and shaquille o'neal takes on a role you couldn't possibl

. >> deutsche bank is planning to sell off its headquarters in frankfurt. in 2007, they bought the two glass 36-story office buildings and for over to let its 70 million euros. the rising prices of real estate in the capital, they should be able to make some of the money back from the sale of this. insiders expect the company to lease the property back from the new owners. that is the latest business news. thank you for joining us and have a pleasant day.

deutsche bank admitted today that it engaged in criminal behavior, and settled with the justice department, paying more than $550 million. prosecutors say the fine represents the fees the company earned helping customers establish illegal tax shelters. and toyota's been slapped with the maximum fine allowed by law for failing to quickly recall millions of dangerously defective vehicles. the fines total more than $32 million for two separate violations. the japanese auto maker has recalled more than 11 million vehicles globally in the last year. still ahead, our word on the street is "technology." find out what tech stocks you should own in 2011. new regulations for broadband internet service were approved today by the federal communications commission. the controversial new rules prevent broadband operators from unfairly discriminating against their competitors. for example, comcast and at&t cannot favor programs and movies they provide over rivals like netflix. the concept is called "net neutrality." it's growing in importance as consumers increasingly watch tv and movies online, as oppos

shares of deutsche bank ended excuses talks over the sale of a company.ally a solution for this problem, traders said. >> taking a closer look and market numbers, in frankfurt, the dax closed slightly lower. the eureuro stoxx 50 close lowe. in new york, positive did have had little affect on stocks. the dow is trading down. in currency markets, the bureau is steady against the dollar after china said it would help struggling eurozone countries. the hero is trading for $1.3110. a mining group has met a takeover bid for an australian company. the deal is worth some 3 billion euros and has been recommended by the company. rio tinto is the world's second- biggest iron ore producer. it would give control of a major coal mining project in africa. shareholders may hold off for a rival offer. the heavy snow appears to have that many germans in a christmas buying. retailers say the season the shipping of to be the best in five years. despite the snow and freezing temperatures, consumers are eager to depart with their money. i research association expects turnover

right there's reciprocity in the banking sector so a layman commits a fraud using a foreign bank deutsche bank for example one of the banks and then when it's do it you bet. to report they reciprocate by hiding bad debts on lehman's balance sheet and they go back and forth like this this is how you end up with a six hundred trillion or so on derivatives so-called this is just bad debt that's being created a to hide more debt and to shuttle this debt around the world in ways that give banks deal of reporting profits when there are no profits to report it remember enron went from a eighty billion dollar company to zero in a matter of minutes when it was revealed that they had just been a huge accounting scandal so i want to point out here by the way that you know as i as i mentioned at the top of this item that it is a civil lawsuit this is outright obvious criminal behavior and yet these banks for some reason get over and over charged with civil fines and that are very small compared to the crime committed in the damage done because look at this way andrew cuomo says this hour a lawsuit seeks t

this in more detail i'm joined now live in the studio with us of all that head of research at deutsche bank here in russia thank you very much for joining us so russia's finally becoming a member of the w t a how soon can we expect changes to the economy here in russia i think in the very near term. what we will see is capital inflows of foreign investment into russia that will be the first reaction. with respect to the economy and then the longer term implications will include. you know implications related to trade a boost to exports but also imports but given the transition periods in the agreements that russia has with w t o countries the trade the facts are likely to be longer term than the more immediate the more short term investment inflows and who do you think will benefit more from russia session well i think in terms of investment we will see that the retail sector the consumer sector will be one of the main beneficiaries in general i think the russian consumers of course the prime beneficiary of w t o accession because there is going to be more competition prices are going to be

chief economist from deutsche bank thinks the ruble has chances to strengthen into an eleven four c. a complete. free float for the full in the next several years i think given the dependency on oil prices given the volatility that we see in the markets the central bank is likely to be cautious although i have to say that the flexibility of the will ball the volatility of rubles movements will certainly increase in the coming years but when it gets down to it the ruble is still have really depended on commodity prices to diversify the economy and slow in bearing fruit many analysts expect commodity price inflation in twenty eleven particularly as u.s. authorities print more dollars and that bodes well for the ruble my dinner which no business r.t. . that's the latest you can always find more stories on our website www dot com slash business. the closer team has been to the region where industries are rapidly developing. now wattie goes to the homeland of those with strength of mind and body. to the land developed by cossacks in ancient times and which became a premier destination for

yuan on the my six given all those factors you just love use of oil if the chief economist from deutsche bank thinks the rouble has chances to strengthen in twenty eleven and not foresee a complete. free float for the bull in the next several years i think given the dependency on oil prices given the volatility that we see in the markets the central bank is likely to be cautious although i have to say that the flexibility of the will both of the volatility honorables movements will certainly increase in the coming years but when it gets down to it the ruble is still have really depended on commodity prices to diversify the economy are slow in bearing fruit. many analysts expect commodity price inflation in twenty eleven particularly as us a story just print more dollars and that bodes well for the ruble. business r.t. . let's check on the stock markets the nikkei is trading in the black helped by positive news from china which hiked interest rates to curb inflation in tokyo memory jumped four percent on reports that the company will enter talks with the taiwanese firms with an eye forming how

member of a customs union with kazakhstan but a ross harris lovers of all it head of research at deutsche bank in russia says the union members will not suffer from russia's w.t.r. expression it's not necessarily bad for the future of the customs union if anything this will serve to accelerate russia's efforts to. gain membership in the w t o and once russia is of the w t o this should facilitate the efforts of kazakhstan and belarus to join the w t o so overall this should be a factor that will bring all of the countries of the customs union into the w t o which in turn is again a very important catalyst for the development of this integration group of this customs union. in other news russian businessman alexander lebedev has confirmed he's planning to sell around four percent of arafat shares the deal is estimated to be worth one hundred ten million dollars as leverage of silva forty four million shares in russia's national air carrier shares are to be sold for private placement organized by u.b.s. analysts believe the main reason for the sale is the generate finances for leverage of troubl

climate in russia is dealing with bureaucracy that's according to your us law for mr violet from deutsche bank the main problem is. you know at various levels including your the regional level i think a bit more needs to be done in terms of structural adjustment in terms of subtle reforms interims of forming natural monopolies that is something that probably will take a bit more time that is more of a medium term issue for the government with the slow recovery in foreign investment russian banks have been helping business out this year they increase the volume of lending to north financial enterprises by ten percent around thirty six billion dollars the average interest rate for long term loans has declined around eleven percent while a few months ago it was around fourteen but russia's prime minister vladimir putin says that level needs to fall further to support me and to prices. in russia the stock markets are closed in the black with the asking us up more than a quarter of a percent on the minus six gaining trust or not. there's a little movement on the stock market and what it does happen

yuan on the my six given all those factors you just love use of oil if the chief economist from deutsche bank thinks the ruble has chances to strengthen into an eleven four see a complete hands off free float for the ball in the next several years i think given the dependency on oil prices given the volatility that we see in the markets the central bank is likely to be cautious although i have to say the flexibility of the will ball the volatility in rubles movements will certainly increase in the coming years but when it gets down to it the ruble is still have a depended on commodity prices afterwards to diversify the economy a slow in bearing fruit that sent many analysts expect commodity price inflation in twenty eleven particularly as u.s. authorities print more dollars and that bodes well for the ruble minds in the business r.t. that's the latest this hour you can for more stories on our web site that's dot com slash business. it can hit doctor's wives policeman's wives ministers wires and i just prayed that if you didn't find me if i could slip through the night that i would get my kids

this year but in the mosques have grown by more than twelve percent so you get a severe will from deutsche bank russia explains the reasons for the gains. the performance of the russian market this year was more than it was from the person that increased the world from fifteen twenty percent. since the beginning of the year and this approach for the russian market has been before that all price all price was rolled to a storm you know where you are in the one hundred dollars per barrel what the russian market. perform for world for more than of optimism i think is sort of weird for the for some people but the. crisis might repeat some more expect double dip what this. consumer prices in russia have risen eight point seven percent since the beginning of the year slightly higher than officials forecast but still the lowest level inflation in the country's history buckwheat and wheat prices rose over the summer drought and potato and cabbage courses have jumped almost six percent in the last week. some even briefly in a large international reserve deployed quite a ways two billion dollars in one w

s the my sex have grown by more than twelve percent so you severe all from deutsche bank russia explains the reasons for the gains. performance of the us market this year was more than it was from the person that increased the vote from fifteen twenty percent to the since the beginning of the surprise for the russian market could be in the fall that will the price of oil price was real to the storm and i were in the one hundred dollars per barrel what the us market. perform for world for more the optimism i think is sort of weird for before the sun people expect that the crisis might approve somewhere expect double dip what. are some out of the market or lesser consumer prices in russia have risen eight point seven percent since the beginning of the year slightly higher than officials for cost first the lowest level of inflation in the country's history buckwheat and wheat prices rose all through the summer drought and potato and cabbage prices have jumped almost six the cent to the last week. the news in brief we now russia's international reserves declined what was two billion dollars

and the my sex have grown by more than twelve percent so you get a severe will from deutsche bank russia explains the reasons for the gains. performance of the us market this year was are more the first from the of this in the increase promoted from from principal some through the since the beginning of the year and the surprise for the russian market the beautiful fall in or the price of oil price was real to the storm and i were in the one hundred dollars per barrel what the russian market. perform for well more the optimism i think sort of lived for before some people looked at the crisis made a peep and some more expected double dip what this is going to some out of the market or license consumer prices in russia have risen eight point seven percent since the beginning of the year slightly higher than officials for calls still the lowest level inflation in the country's history and wheat prices for the summer drought and potato and cabbage places have jumped almost six percent in the last week. the reason briefly international reserves declined was two billion dollars in one week the

markets this year but in the my sex have grown by more than twelve percent so a severe off from deutsche bank russia explains the reasons for the gains. performance of the us market this year was are more than it was from and there you have this in the increase the load from fifteen twenty percent to the since the beginning of the year and the surprise for the russian market to be in before the oil price price was real to the storm now where we are in that one hundred dollars per barrel what the us market. perform so well before is a more the optimism i think is sort of weird for the for some people but the. crisis might approve and some were expecting double dip what this is going to some out of the market or license consumer prices in russia have risen eight point seven percent since the beginning of the year slightly higher than officials for cost but still the lowest level inflation in the country's history bulk wheat and wheat prices for the summer drought and potato and cabbage places have jumped almost six percent in the last week. the reason briefly international reserves declined two

for royal bank of scotland and lloyds banking group the german dax is up point six percent with deutsche bank up one percent the dax is also up one and a third. percents. meanwhile in russia my sex and the r.t.s. are up on the day with close to a one percent gain most blue chips are up lukoil is up one point three percent gazprom in v.t. we are up just over one percent on the my set. and russian food retailer dixy group has narrowed its nine month net loss to one point two million dollars down from a loss of over three million last year the company says it's improved its cost and control measures sales in the first nine months bounded to one point five billion dollars that's seventeen percent higher than the previous year and russia's gas export monopoly gas prom estimates that south stream pipeline across the black sea to europe will cost about twenty billion dollars the offshore part of the pipe may cost fifteen billion dollars at current prices while the onshore section in europe is expected to cost half of that and investment decision on the project is to be made by mid april local raise

chinese yuan on the my sex given all those factors you know slightly sub chief economist from deutsche bank thinks the ruble has chances to strengthen in twenty eleven not forcing a complete. free float for the ball in the next several years i think given the dependency on oil prices given the volatility that we see in the markets the central bank is likely to be cautious although i have to say that the flexibility of the will of the volatility honorables movements will certainly increase in the coming years but when it gets down to it the ruble is still have really depended on commodity prices afterwards to diversify the economy and slow in bearing fruit that so many analysts expect commodity price inflation in twenty eleven particularly as u.s. authorities print more dollars and that bodes well for the ruble my dinner which no business r.t. . wall street has opened around half a percent lower in new york join us for the company's moving the markets in fifteen minutes. for the full story we've got.

world bank of scotland and lloyds banking group the german dax is up two point three percent with deutsche bank up to seven. hundred russian the why is that some of the r.t.s. up both up on the day most group chips a high of with gas from a look well both up over two percent in the my six. royal dutch shell and gas from plan to expend that papa she bound to explore lynn west in siberia and russia east along with just four ships in europe companies have not for revealed their specific plans they still work together on russia somehow an island off to moscow for shell to cede control of the project in two thousand and seven an unfavorable terms shell has twenty seven and a half percent stake in the second in courtship while downs from as fifty percent plus one share. government heights well let's hold you to this month by four and a half percent to over three hundred three dollars a tonne usually on oil produced in east siberia will reach one hundred eight dollars per ton from the current one to eight point eight dollars per ton. ok that's all we have time for now but you can always get more stori

royal bank of scotland and lloyds banking group the german dax is up two point three percent with deutsche bank up over two percent. and unbrushed of the my six and the r t s a both up on the day most troops are higher with casper almond lukoil they are both up over two percent on the my six. royal dutch shell and from plan to expand their partnership and explore west and save bierria and russia's fi east along with distribution projects in europe the companies have not revealed their specific plans they still work together on russia island after moscow forced shell to cede control of the project in two thousand and seven on unfavorable terms shell has a twenty seven and a half percent stake in the saturn project while gas from has fifty percent plus one share. the government hikes or legs for duty this month by four and a half percent to over three hundred three dollars a tonne the duty on oil produced in is save your area will reach one hundred eight dollars per ton from the current ninety eight point eight dollars per time. meanwhile russia may postpone its first sale of ruble bonds to inter

money is his business, the man at the helm of deutsche bank. powerful, controversial.s was once a sleeping village, now a jet set destination. >> when he opened the final round of climate change talks in mexico, the u.n. secretary general made an urgent appeal to government ministers to take serious steps to curb global warming. environmental activists hope that canker and will yield more concrete progress than the 2009 conference in copenhagen. even though a binding global pact is not in place, people across the planet are still moving towards renewal energy sources that provide economic savings and greater economic freedom. we look at some efforts made around the world toward energy independence. >> the first of on our journey takes us to the philippine islands. the virgin forests that once covered -- were cut down to make way for sugar plantations. what was once a green land is just an enormous field. there has been enormous erosion. this woman is showing these tree nursery employees how to plant seedlings. the aim is to protect the environment. >> this area was cov

money is his business -- the man at the helm of deutsche bank. powerful and controversial, the world of joseph ackerman. >> once a sleepy alpine village, it is now a top jet set party destination. a winter fairytale -- january on dwtv. >> he's one of the most well- known prisoners in the world and it appears he will name -- will remain behind bars for some time to come. mikhail khodorkovsky has again been found guilty by a moscow court which hardly comes as a surprise. critics say his first conviction was politically motivated and many say little has changed this time around. he and his business partner now face the prospect of several more years behind bars. prosecutors asked the judge to sentence khodorkovsky to six additional years. the guilty verdict will ensure he is firmly out of sight during the country's presidential elections in 2012. >> khodorkovsky was putting on a brave face as he was led into court last september. he and his partner are accused of stealing oil worth the 16 billion euros. they have already been convicted of already be

>> jpmorgan, morgan stanley, goldman sachs, deutsche bank, see great opportunity in china because the chinese don't know how to bank. they don't care whether america has jobs, they care about profits. all the growth we have had in this recovery has gone into banking profits. half has gone into bonuses for a handful of people that work on wall street. despite the fact that the economy is growing see our wages go down. they are really lucky that hardware stores in manhattan don't sell pitchforks anymore, those gritz aristocracy from the old french revolution. >> town look though you are talking about incredibly powerful interests that would be disrupted by engaging on trade policy and banking policy, how much of a disruption would it to be a caterpillar to a jpmorgan, if the government was to step in and say we are going to make the banks smaller, going to tax the chinese currency subsidy? are we in fantasy land to think we could engage these things without a disruns that is so big somebody like barack obama doesn't want to deal with it? >> look at franklin roosevelt are. no one believe

. >> deutsche bank is planning to sell off its headquarters in frankfurt. in 2007, they bought the two glass 36-story office buildings and for over to let its 70 million euros. the rising prices of real estate in the capital, they should be able to make some of the money back from the sale of this. insiders expect the company to lease the property back from the new owners. that is the latest business news. thank you for joining us and have a pleasant day. ♪ - hi, this is bob scully, and welcome to another edition of the world show, our hidden angels series. that's the name we've decided to give to a number of shows devoted to special-needs children, and we're doing this, of course, as a tribute to the hidden angel foundation, a foundation in alabama and all over the world devoted to providing multi-sensory environments for special-needs children, started by sandra fornes and bud kirchner, and while we were working on that documentary that we're preparing on the hidden angel foundation, we met some hidden angels. we met some remarkable people in alabama who

shares of deutsche bank ended excuses talks over the sale of a company.ally a solution for this problem, traders said. >> taking a closer look and market numbers, in frankfurt, the dax closed slightly lower. the eureuro stoxx 50 close lowe. in new york, positive did have had little affect on stocks. the dow is trading down. in currency markets, the bureau is steady against the dollar after china said it would help struggling eurozone countries. the hero is trading for $1.3110. a mining group has met a takeover bid for an australian company. the deal is worth some 3 billion euros and has been recommended by the company. rio tinto is the world's second- biggest iron ore producer. it would give control of a major coal mining project in africa. shareholders may hold off for a rival offer. the heavy snow appears to have that many germans in a christmas buying. retailers say the season the shipping of to be the best in five years. despite the snow and freezing temperatures, consumers are eager to depart with their money. i research association expects turnover

that's the one thing they didn't want to happen was to bring about a one germany one central bank one deutsche mark to late now the genie's out of the bottle well go back to this little clip here mike nigel farage is saying they're very very dangerous people indeed because they're imposing they're removing the democracy from the irish people who do not want to pay as we were looking at those little images from the protests they don't want to pay for the banks there is mostly in this case in germany and the u.k. who are these bankers are owed the most they're the senior bondholders well let's turn back to the final. it of what farage says to the european parliamentarians but even more serious than economics because if you roll people of their identity you wrote them of a democracy but they all left with these nationalism and i can only hope and pray that the euro project is destroyed by the markets before that really happens yes yes nationalism and violence up there is not to be that way. but if in fact you've got a bunch of bankers strangling these economies because they're the bankrupt ones o