on araa now russia's largest bank is expanding into europe as burbank has agreed to buy the eastern european units of also as volks bank international and it's the first acquisition of its kind by a russian bank well for all the details let's now cross live to business i. was outside for a bank's headquarters hello to. what can you tell us about why a sperm bank is buying this business from walked into. this purchase goes the law in the with better banks ambitious plans to become an international banking group that out of bank care must be of help just that by two thousand hurts the bank plans to generate up to seventy percent of its income from international operations we have also said that he believes the great potential of those eastern european countries where both banks how their branches he's out the banking market of such countries as the czech republic all flock here will be generated seen up to ninety five billion euros by two thousand and fifteen and it's more than a brush with potential still want to use the eastern european union the whole book bag now they platform for its own

you for joining us now russia's largest bank is expanding into europe has agreed to buy the eastern european units of austria's for international it's the first position of its kind by a russian bank and for all that the tells us across live to the southeast but who joins us also headquarters hello there down on the wall what can you tell us why is bank buying this business from the bank international. this purchase goes a lot of their bank lands to become the international banking group that the bank government debt has just sat that's the two thousand foot ceiling that i plan to bring up the level of profound thought that come from international operations the fact that he believes in a great but then sold those eastern european countries where more banks have its branches is that the baby market took such cultures as czech republic also but here will be generating up to ninety five billion euros by two thousand and fifteen it's more the brushless potential those burbank protest wants to use eastern european union bank as a platform for international operations and the demographics planes

now russia's largest bank is expanding into europe as burbank has a great supply the eastern european units all of also has faults international and it's the first acquisition of its kind by a russian bank well for all the details let's now cross live to this is our it's nice that was outside sperm banks have corridors hello to. what can you tell us about why a sperm bank is why this business from waltz into. this purchase go through line with the banks ambition to become an international banking group that other banks care mcgrath has just the right to fatherhood the bank plans to generate up to seven burst out of its income from international operations we have also said that he believes the great potential of those eastern european countries where both bank branches use that the breaking market of such countries as the czech republic or slovakia will be generated seen up to ninety five billion euros by two thousand and fifteen more than the first potential the above it took months to use the eastern european union the whole book but now they platform for its own international opera

this hour with russia's largest bank which is expanding into europe bank has agreed to buy is a eastern european units of bank international and it's the first accusation all that's kind by of russian bank now business artsy starts and when you call that has all the details this purchase goes in line with their bank some bishops plans to become an international banking group but how do they care money grab says that but two thousand foot seems better bank plans to generate up to seventy per cent of its income from international operations have also felt that he believes that in the great potential those eastern european countries where the world bank branches is that the banking market of let's. move it generates a call to nine to five billion euros by two thousand and fifteen and it's more than russia's potential so the bank could just wants to use this eastern european union bank as a platform for its own the international operations bank is among the top ten lenders in the czech republic slovakia croatian bosnia this is a traditional banking business there are no complicated structures or tal

marina russia's largest bank is expanding into europe and has agreed to buy the eastern european unit of austria bank international as the first acquisition of its russian but isn't something such as more details. it will be the bank's first purchase outside the former soviet union is what was burbank started expansion plans in eastern europe i smugly just feel very very similar to russia c.i.s. markets and borders bank itself are the better lucrative targets health care bank is awesome the rest are made at fourteen billion dollars and it has a wide network of branches they post nine countries in central and eastern europe what we know by now is that today is their bank man ounce approaches opaque hundred per cent of the eastern european union both bank international for estimated eight hundred and forty million dollars the talks started last year but then had been complicated by the ownership structure of the bank but now the deal is expected to be closed this year and we're now hearing the headquarters waiting for they had a bank. to give all the details on the upcoming deal. russia

joining us now russia's largest bank is expanding into europe sperm bank has agreed to buy the eastern european union. bank international and it's the first acquisition of its kind by russian bank now business arts or has all the details for us this purchase goes in line with their bank's ambitious plans to become an international banking group out of bank care money grab that by two thousand proteins better bank plans to generate up to seven per cent of its income from international operations also felt that he believes in the great potential of both eastern european countries where more bank has branches is that the baking market that's hard to calculate the force of ikea will be generating up to months of five billion euros by two thousand and fifteen that's more than russia's potential both their bank just wants to use the eastern european union bank as a platform for its own international operations we. expect is among the top ten lenders in the czech republic slovakia crew we should. this is a traditional banking business there are no complicated structures are toxic assets there is no de

international operations we have also felt that he believes in the great potential of those eastern european countries where both bank branches is that the baking market approach to populate the off the market will be generating up to mind to five billion euros by two thousand fifty and that's more than russia's potential growth there but he just wants to use the eastern european union bank as a platform for its own international operations because among the top ten lenders in the czech republic slovakia crew. this is a traditional banking business really complicated structures are toxic assets there is no dependence on securities operations and almost corporate clients it could be called the bank for medium sized and small business loans burbank plans to finalize the deal by the end of the year and it's just the beginning government reacts to that they old resolute king out from banking also in the other parts of europe and the intricate. well let's take a look at the markets know the u.s. stocks are in the black the dow is zero point eighteen percent and the last point sixty four percent a

and i see now russia's largest bank is expanding into europe as burbank has agreed to buy the eastern european unit all for. international and it's the first acquisition of its kind by a russian bank and business argues that the local brings us all the details of this purchase goes in line with the survey from bishops plans to become an international banking group how to pay your money grab the butts of thousands put see in their bank plans to generate up to seventy per cent of its income from international operations we have also felt that he believes that in the great potential of those eastern european countries where the world bank branches that the baking market it's hard to believe the if nobody here who generates up two months of five billion euros by two thousand and fifty and that's more than russia's potential those burbank just wants to use eastern european you know the bank as a platform for it to hold the international operations bank is among the top ten lenders in the czech republic slovakia croatia and bosnia this is a traditional banking business there are no complicated struc

now russia's largest bank is expanding into europe as burbank has agreed to buy the eastern european unit of austria's vaults bank international and it's the first all of its kind by a russian bank and business are things that down the brings us all the details this purchase goes in line with their banks ambitious plans to become an international banking group but how do they care mcgrath says that by two thousand what seems their bank plans to generate up to seventy per cent of its income from international operations they have also said that he believes that in the great potential of those eastern european countries where pulled out the broncho is that the basic market approach her. probably nobody can move it generates it up two months to five billion euros by two thousand and fifteen and it's more than russia's potential so their bank he just wants to use this eastern european union bank as a platform for its own international operations bank is among the top ten lenders in the czech republic slovakia croatia and bosnia this is a traditional banking business there are no complica

from international operations have also felt that he believes in the great potential of those eastern european countries where the world bank has the branches is that the banking market of such. public or nobody can move it generates it up to nine to five billion euros by two thousand and fifteen and it's more than russia's potential so the bank he just wants to use this eastern european union bank as a platform for its old international operations bank is among the top ten lenders in the czech republic slovakia croatia and bosnia this is a traditional banking business there are no complicated structures or toxic assets there is no dependence on securities operations and almost no big corporate clients it could be called the bank for medium sized and small business those burbank plans to finalize the deal by the end of the year and that is just the beginning here must be upset that they old read the looking out some banking also in other parts of europe and in turkey. the results of the latest european stress tests on banks released late friday show the bank is just one of nine lenders to fail

joining us now russia's largest bank is expanding into europe sperm bank has agreed to buy the eastern european units of austria is fox bank international and it's the first sequestration off it's called by a russian bank now business arts. has all the details for us this purchase goes in line with their bank some bishops plans to become an international banking group that's how the bank care monograph says that by two thousand foot seems better bank plans to generate up to seven per cent of its income from international operations also felt that he believes in the great potential of those eastern european countries where both banks have the broncho except at the bank a market of such hard. probably the if nobody can prove it generates a call to mind to five billion euros by two thousand and fifteen and it's more than russia's potential so their bank could just want to use the eastern european union bank as a platform for its own international operations. spank is among the top ten lenders in the czech republic slovakia crew we shouldn't this is a traditional banking business there are no compl

on artsy now russia's largest bank is expanding into europe as burbank has agreed to buy the eastern european units of austria's vaults bank international and it's the first that was issued office kind i have russian bank doesn't start over has all the details this purchase goes in line with their banks ambitious plans to become an international banking group that's how big your money grabs their bets but two thousand foot sea in their bank plans to generate the one per cent of its income from international operations here also felt that he believes in the great potential of those eastern european countries where all their branches except the banking market of. the world the market will be generating up to months of five billion euros by two thousand and fifteen and it's more than russia's potential those burbank just wants to use eastern european you know the bank as a platform for its own international operations bank is among the top ten lenders in the czech republic slovakia coalition in bosnia this is a traditional banking business here in a complicated structures are toxic assets there'

thank you russia's largest bank is expanding into europe has agreed to buy the eastern european unit of austria spoke spec international that was the first acquisition of its kind by russian bank for the details of course live with business on the political standing right outside. as other good to see you why is burbank boiling. business from bank international. it will be very very close purchase outside the former soviet union was quite clear it was very hard to the council in the eastern europe it's markets is still very very similar to russia and the c.i.s. markets around the above bank itself is a very lucrative target for spare bank as it has a wide network of branches across nine contras in central and eastern europe what we know by now is that the today's better bank made dolls approaches all eight hundred percent of the eastern european unit also holds bank international prestige made the eight hundred and forty million dollars and it will now here at bet banks and have all those waiting for the had a bank get money could have to give off all the details of the op coming to

you for joining us now russia's largest bank is expanding into europe has agreed to buy the eastern european units of austria is false bank international is the first acquisition of its kind by a russian bank and for all the data tells us cross live to the southeast. who joins us outside of his headquarters hello that down on the wall what can you tell us why is buying this business from bank international. this purchase goes a lot better about business plans to become an international banking group that other banks the government there has just that that's the two thousand foot ceiling bad bank plan that generates up to some of the press that all that comes from international operations it also says that he believes that the great potential of those give the european countries where more banks have its branches is that the baby market took such punches as the czech republic slovakia will be generating up to ninety five billion euros by two thousand and fifteen and it's more than russia's potential so spare a bank could just wants to use eastern european units all fog bank as a platform for

your company russia's largest bank is expanding into europe so the bank has agreed to buy the eastern european units of austria spokes bank international is the first acquisition of its kind by a russian bank business southeast the teleco has morning sir. it will be. purchased outside the former soviet union it's quite widespread bank starts at the spenser plant in eastern europe it's lucky to still bear very similar to russia c.i.s. markets and borders they can sell for the very lucrative targets for its opposite the rest are made at fourteen billion dollars and it has a wide network of branches they cross nine countries in central and eastern europe what we know by now is that today is their bank accounts the purchase all fake hundred percent over the eastern european union both bank international forest made eight hundred forty million dollars the talks started last year but then had been complicated by the ownership structure of the bank but now the deal is expected to be closed this year and we're now hearing banks that have what is waiting for they had a bank get a monkey have to give us

banking industry its agreeing to pay eight hundred forty million dollars for banks international eastern european units and more on that in twenty minutes time. global news live from moscow city center this is r.t. i'm sure rupert murdoch has taken a swipe at his media rivals labeling accusations against news corp as total lies and that only minor mistakes have been made in the phone hacking probe the embattled media mogul now has an f.b.i. inquiry on his hands over claims that the voice mails of nine eleven victims were intercepted meanwhile in britain the scandals claimed its biggest scalp yet rebecca brooks has quit she run but also. u.k. newspapers and was editor of the news of the world when a murder victim a million dollars a phone was hacked next week she'll join rupert and james murdoch and facing a parliamentary grilling but as artie's a lawyer and reports while he fights to save his media titan of all channels are already circling. every media outlet and own t.v. radio even the scary. when not imitate life the long running simpsons takes a shot at its owner rupert murdoch aka montgomery

thank you russia's largest bank is expanding into europe has agreed to buy the eastern european unit of austria spoke spec international that was the first acquisition of its kind by a russian bank all of these ails us cross live with business out sees that you have a political standing right outside of borders as other good to see you why is that and buying. this business from bank international. it will be very very first purchase outside the former soviet union was quite clear it was better because. in eastern europe it's markets is still very very similar to russia as a c.i.s. markets and the bank itself is a very lucrative targets prospero bank as it has a wide network of branches across nine countries in central and eastern europe what do you know by now is that the today's better bank from a doll's approach is the whole eight hundred percent of the eastern european unit all folds bank and some national press to make it a hundred and forty million dollars and so we're now here at burbank so i was waiting for the head of bank get a bump you have to give us all the details of the

whatever some good news as well as russian on this very bank is one step closer to acquiring the eastern european operations of folks back for more details on that in our business bulletin. the world needs twenty four hours a day you're watching our team the country which holds more u.s. debt than any other has hit out at the failure of congress to reach a deal for its debt ceiling china says the political deadlock in washington threatens the entire global economy and so far republicans and democrats did later than anything the country. those they haven't agreed on rival budgets and some cheese day for the potential devastating holes that are in the week u.s. secretary of state senator clinton was in beijing to be a show a leader is and america will not fall back on its debt payments experts say both china and americans could suffer because there's so much at stake there's definitely going to be a lot of nervousness all around the world and china has reason to be nervous not necessarily because they're going to miss interest payments but just because they have so much invested economically with t

largest lenders burbank is mulling its biggest acquisition abroad ever it's to purchase banks eastern european units for up to one billion dollars more in twenty minutes. eleven am in the russian capital you're watching r.t. drastic spending cuts are on the way to italy as parliament desperately tries to fan off a spiraling debt crisis and all bodes badly for the euro italy's finance minister even comparing the currencies troubles to the titanic but as r.t. sarah first reports there is only so much that can be done. people take power into their own hands. as the clouds gather. and the bad. times ahead. as for the future if you think countries like italy looking on increasingly unstable grounds can the year i write out this financial still this is really something quite frightening if italy really goes into big trouble on the financial markets this is certainly a totally new face of this euro crisis new dimension here a fairy tale with all too appealing countries trip saving themselves for a bite of the g.c. apple but now many are left requesting taking the bait. not bad i mean. after more than

your company russia's largest bank is expanding into europe sperm bank has agreed to buy the eastern european union. bank international is the first acquisition of its kind by russian bank business. as more details. it will be current purchase outside the former soviet union it's quite widespread bank starts of expansion plans in eastern europe it's market is still very very similar to russia c.i.s. markets but the bank itself is the better lucrative target for the bank it's also the rest are made of fourteen billion dollars and it has the white net worth of branches across nine countries in central and eastern europe what we know by now is that today's bear bank man owns the purchase of a hundred per cent of the eastern european union bank international for estimated eight hundred forty million dollars the talks started last year but then had been complicated by the ownership structure of the bank but now the deal is expected to be closed this year and we're now hearing banks that had quarters waiting for they had a bank. to give us all the details on the upcoming deal. russia will not make

hour with russia's largest bank which is expanding into europe as a bank has agreed to wire the eastern european units over. international and it's the first that there was this an all that sky why of russian bank now business starts these thoughts and has all the details this purchase goes in line with their bank from bush's plans to become an international banking group that's how the bank your money gets there that's why it's a thousandfold seems better bank plans to generate up to seven per cent of its income from international operations to the whole south that's he believes that in the great potential those eastern european countries where the world bank branches is that the baking market let's. move it generates a whole two months to five billion euros by two thousand and fifteen and it's more than russia's potential so thank you just once to you this is the european union bank as a platform for its own international operations is among the top ten lenders in the czech republic slovakia crew we should in bosnia this is a traditional banking business there are no complicated structures or

so there is this big divide between the western part of nato and the central and eastern europeans. just quickly on libya, which you may have some questions on later , you know, i keep thinking that this whole libyan war was set up for the argument. i know that is not true. one of the biggest reasons for nato is standardization. we have always said ultimately nato, people can fight together, standards. well, reading last week that the nato allies were running out of laser-guided bombs. well, we have plenty of them. this big american carrier. guess what? they don't fit on british and french attack aircraft. i was stunned to learn that because i thought, if nothing else, we have been practicing. you know, doing all these things. i'm going to switch gears and go to you, but out tell you, this idea came from, the u.s. navy invited me a couple of years ago to watch carrier operations. i was on board one of our atomic nuclear power carriers. that is somehow fit, how tell you. what they do on those carriers is just out of this world. i was having dinner. on one side of me -- this will be m

thousand and fifteen that's more than russia's potential so think he just wants to use this eastern european union bank as a platform for its whole international operations because among the top ten lenders in the czech republic slovakia croatia and bosnia this is a traditional banking business there are no complicated structures or toxic assets there's no dependence on securities operations and almost no big corporate clients it could be called the bank for medium sized and small business. their bank plans to finalize the deal by the end of being here is just the beginning here must be upset that they hold resolutely without some banking also in other parts of europe and in turkey. the results of the latest european stress tests on banks released late friday show that gold spike is just one of nine lenders to fail and it's selling some of its spares nest soused burbank in order to improve its balance sheet well richard haynesworth the general director of bruce freighting says the acquisition makes sound strategic sense for a bank. the buying at the bottom of the cycle of the business cycle

to the central and eastern in european parts just quickly on libya which you may have questions later, i keep thinking will hold a bn war was a set up to eliminate the arguments in my book so i know that is not true by one of the biggest reasons is standardization. we always said ultimately nato people can fight together. the reading last week said people were running out of the laser-guided bombs. but guess what? the british and french aircraft because we thought if nothing else to do all of these things to switch figures the u.s. navy invited me a couple of years ago to watch carrier operations that is some outfit. but i was having dinner with the executive officer who pretty much runs the ship and on the other side the commander of the fighters god. probably the 14 year or 12 year age difference so i asked the executive officer, what do you think about nato? my wife had gotten used to be turning to anybody what do you think of nato? and he gave me a picture about nato how we could never do without it. this is the anchor of western security and over dessert i asked exactly the same

there's only one officialwall in the entire uk... and in fact the discipline is dominated by eastern europeans and russians... >>because while it's only just taking off in western europe... the first speed climbing competitionswere held in the former soviet union in the 40's... >>well that wall looks flat but in fact it's angled backwards so it hangs over the climbers making things even more difficult...and at all but one of the world cup events the course is exactly the same. and if you think you can cover 15m in less than 6.2 seconds... well you should give this sport a go because that is the world record... >>you need dynamic power in your arms and in your legs and also you have to have strong fingers. >>reporter: as a climber... covering the world cup circuit requires dedication... and money... in asport which doesn't exactly churn out millionaires... >>there's a few handfuls of people are serious sponsored climbers. >>reporter: in terms of exposure... at this particular event the state television broadcaster covered the finals live... but that's something of a rarity... >>at the moment th

also russia's largest lenders burbank is finalizing an agreement to buy votes banks eastern european branch in a deal worth up to a billion dollars more on that in twenty minutes on the subject. this is actually going to live from moscow marina joshua into the program drastic spending cuts are on the way in italy as parliament desperately tries to fand off a spiraling debt crisis you know bodes badly for the euro italy's finance minister even compare the currencies troubles to the titanic but as our sara for us reports there's only so much that can be done before the people take power into their own hands. as the clouds gather. and the bag battle continues dark times could now lie ahead. what everybody here. is for the future if you think countries like italy looking on increasingly unstable ground can the year i write out this financial storm this is really something quite frightening if indeed it's only really goes into big trouble on the financial markets this is certainly a totally new face of this euro crisis new dimension theory fairy tale which all too appealing countries trip

of the year the acquisition is aimed at helping the russian company expand its a pivot in the eastern european market. now russian car giant has turned a profit for its french shareholder for the first time while the car maker managed to squeeze thirty seven million euros out of its affiliates in the first half of the year that compares with a fifty six billion euro loss at the same time a year ago now the whole group reported a fifty six percent jump in first half that price. and there's going to be petrol in the problems for all those a lot of us to ride on energy minister said explains what the government is doing to avert a repetition of the gas crisis earlier this year. there is no risk. in the country we are keeping the. exports into. the reserve system which will. reserve about two million tons of fuel mostly. secure the smooth operation of transport. over the. hundred. million dollars. one point. four. russian equities have quietly. despite the u.s. and europe but. capital says friday trade will continue to be a. today is not just any phrase raise the month on friday so so that's why w

year end of the acquisition is aimed at helping the russian company expand its activity in the eastern european market. russian car giant device has turned a profit for its french shareholder of one note for the first time all the carmaker managed to squeeze thirty seven million euros out of its affiliate in the first half of the year that compares with a fifty six million euros loss at the same time a year ago now the whole rebel group reported a fifty six percent jump in first half of that profit. and there is going to be petrol in the palms for all those lat us to run on energy minister said again explains what the government is doing to avert a repetition of the gas crisis earlier this year. but. there is no risk. in the country we are keeping the. reserves which will. transport. you to a certainty over the. export of. losing as a crew. possible downgrade. of the trading day. global uncertainty over the u.s. . looking out some individual. crude. are also under pressure. the company reported to a half billion dollars last year. the travis power generator. gaining over two and a half percent.

russia's burbank is mulling an eight hundred forty million dollar acquisition of folks banks of eastern european units one of the largest acquisitions all of this time more on that in twenty minutes time. one pm in the russian capital you're watching r t with me marina josh welcome to the program rupert murdoch has taken us live at is media rivals labeling accusations against news corp as total lies and that only minor mistakes have been made in the phone hacking probe will now have to answer before britain's parliament while across the atlantic the f.b.i. is looking into claims that the voice mails of nine eleven victims were intercepted but as artie's lore and it reports while he fights to save his media tide the vultures are circling. but every media outlet in town t.v. radio even the sky writers when hot imitates life the long running simpsons takes a shot at its own no rupert murdoch aka montgomery burns in an episode broadcast apparently coincidentally this week. but it's not the only piece of timing in the extraordinary phone hacking case that seems to get more scandalous every day the li

the year the acquisition is aimed at helping the russian company expand its activity in the eastern european market. the russian car giant of device has turned a profit for its french shareholder rono for the first time while the carmaker managed to squeeze thirty seven million euros out of its affiliate in the first half of the year that compares with a fifty six million euro loss at the same time a year ago the whole group reported a fifty six percent jump in first half profit. and there's going to be petrol in the palms for all those a lot of to run on energy minister explains what the government is doing to avert a repetition of the gas crisis earlier this year. there is no risk. in the country we are keeping the. reserves which will. transport. look for a safe haven due to the. losing of. thirty nine dollars. prices are also. exporters are. reporting the. three hundred million dollars. supported by. the business you can always go to our. for the full story we've got it from. the biggest issues get a human voice face to face with the news makers. bringing you the latest in science and te

is finalizing the agreement to acquire the eastern european unit of. international deal could be the biggest acquisition by the russian led and outside the former soviet union dues expected to be closed by the end of the year sources close to talks so you could pay up to one billion dollars for the. gold prices it's a record high or coming down slightly this is investors look for. safe haven from the storm brewing in the world's biggest economies seen as a traditional store of values being driven by concerns over the u.s. debt situation and the prospect the federal reserve will print yet more money might not lead to our senior trade at egypt's capital believes there's no limit to the current reading. it did look like a few weeks ago that the price of gold was going to come in lower but in your view you're starting to see increased eurozone concerns increased inflationary concerns the prospect of more quantitative easing more stimulus spending from the from the federal reserve we thought that that finished at the end of june now in the last couple of da

of the year the acquisition is aimed at helping the russian company expand its a pivot at the eastern european market. now russian car drive after bus has turned a profit for its french shareholder for the first time for the carmaker managed to squeeze thirty seven million euros out of its affiliates in the first half of the year that compares with a fifty six billion euros also the same time a year ago now the whole renault group reported a fifty six percent jump in the first half. and there's going to be petrol in the problems for all those lots to run on energy minister said go explains what the government is doing to avert a repetition of the gas crisis earlier this year. the growth of the different there is no risk of a few deficits in the country we are keeping the ninety percent product exports until we watch and we also setting up a reserve system which will hit the refining industry we plan to reserve about two million tons of fuel mostly winter diesel which will help secure the smooth operation of transport and the market. let's take a look at the markets now precious metal prices ar

year end of the acquisition is aimed at helping the russian company expand its a pivot in the eastern european market. russian car giant of device has turned a profit for its french shareholder of one zero for the first time of the carmaker managed to squeeze thirty seven million euros out of its affiliate in the first half of the year that compares with a fifty six million euros loss at the same time a year ago now the whole rebel group reported a fifty six percent jump in first half profits. and there is going to be petrol in the palms for all those lat us to run on energy minister sergei schmuck or explains what the government is doing to avert a repetition of the gas crisis earlier this year. to prove that this would become your group there is no risk if you sit in the country we are keeping the ninety percent product exports and to be able to say so if you have a reserve system which will work for any industry we plan to reserve about two million tons of fuel mostly into these rules which will produce a square of the smooth operation of transport and the market is a group of people who lo

operations by twenty fourteen the bank we were buying is in the fast growing global central and eastern european region we see the acquisition as a springboard for further expansion into europe. well i did talk more on this we're joined by richard haynesworth general director of rust rating richard thank you so much for being with us sir is it a good deal well it's certainly an interesting deal. in terms of the synergy of spare bike moving into a different market going beyond the borders of russia. although we know that he has got banks in other parts of the world these banks such as what used to be called moscow in their opening bank or euro bank in france these were banks that were remnants of a soviet banking system. one or two of the commercial banks did set up banks outside of or outside of russia before the crisis and treaty b. has recently set up branches in vietnam and in shanghai but spirit bank did not have much outside of russia so it's playing catch up basically with the t.b.'s not playing it's not playing catch up but in a different sense because what it's done is it's gone for anot

the year the acquisition is aimed at helping the russian company expand its activity in the eastern european market. and russian card has stirred a profit for its french shareholder renault for the first time while the carmaker managed to squeeze thirty seven million euros out of its affiliates in the first half of the year that compares with a fifty six million loss at the same time a year ago the whole renault group reported a fifty six percent jump in first half net profit. and let's take a look at the markets precious metal prices are down this hour however they are still high as investors look for a safe haven due to be uncertainty over the u.s. that resolution that's after republicans canceled a vote on the deficit reduction while. looking at oil prices now they're also down this hour as the problems of the u.s. chip away at investor confidence light sweet is currently trading below ninety seven dollars per barrel brant is one hundred seventeen dollars per barrel. asian markets also in the red exporters are under pressure on the nikkei as a dollar extended its fall against the japanese

year end the acquisition is aimed at helping the russian company expand its of pivoting in the eastern european market. and russian cards lined up to start a profit for its french shareholder rono for the first time all the carmaker managed to squeeze thirty seven million euros out of its affiliate in the first half of the year that compares with a fifty six million euro waltz at the same time a year ago while the whole of her group reported a fifty six percent jump in first half profit. and there's going to be petrol in the pods for all those slot us to run our energy minister sergei schalke zero explains what the government is doing to avert a repetition of the gas crisis earlier this year. the procedure before you there is no risk and if you need deficit in the country we are keeping the ninety percent product exports and to meet him we also said you have a reserve system with which with the refining industry we plan to reserve about two million tons of fuel. which will help to secure the smooth operation of transport in the market but let's take a look at the markets now precious metal pric