the finance ministry says it will be not less than five percent on official forecast at five point four percent. now let's turn to the equity markets wall stocks have hit a two year high stake the m.s.c.i. world stock index this point eight percent that's the highest level since the twenty second of september two thousand and eight the day after the collapse of lehman brothers and according to analysts emerging markets stocks are so far leading the way here in moscow markets are on the rise this hour still making gains led by no neko and spare bank allies x. has also moved into positive territory after having dip into the red early in the day. to be are in track. and stocks are mixed in new york this hour the still in the red while the dax is off half a percent miners are rallying on the higher metals prices rio tinto shares climbed to a two year high following reports of record iron ore production but the gains are offset by weakness in defensive stocks such as tobacco and pharmaceuticals. the all exporters cartel opec will hold ample steady out meeting on thursday or minister said the

we're the only country has this much focus in our finance ministry on this particular issue. >> rose: your operation comes under the treasury department? >> right. so my boss is tim geithner. he has... we have an assistant secretary for intelligence in the treasury department. >> rose: right. >> as far as i know, we tier only finance ministry this the world that has that kind of intelligence function in our treasury department. in our finance ministry. >> rose: but it would be better if the rest of them did. >> i think that as we're... as i think the world is seeing the value of this enterprise, i think we're starting to get more interest in it in other places. whether they'll do it the way we do it is not necessarily desirable. but the more other countries see the value of this... look, when you have the kind of conflicttor kind of problem that we have with iran, if we can solve this the way we're pursuing it with financial measures, diplomacy, pressure, getting the private sector to amplify these financial measures, that's much better than any other possible outcome that i can see a

. >>> according to the finance ministry, funds used for the currency action in the month of september 28th came to about $25.5 billion. this was the first intervention in six and a half years. japanese authorities bought collars and sold yen on september 15th. but the amount for the single day was not made public. >>> we have a number of economic indicato indicators. consumer prices dropped 1% from a year earlier. these prices exclude volatile fresh food which fell for 18 months in a row. the government introdpused fre -- introduced free tuition to private high schools. meanwhile, household spending in august grew from a year earlier. the internal affairs ministry announced on friday that households of two or more people spend an average of just over $3,500. meanwhile, income average nearly $3,900, which is up 2.7% from a year earlier. the internal affairs ministry said on friday the seasonally adjusted jobless rate improved by 0.1% from july. the number of unemployed stood at 3.37 million. looking now at the number of people with jobs, they amount it to nearly 63 million. that's also

according to the finance ministry's preliminary report, the current account surplus was down 5.8% to about $13.6 billion due to the downturn in the trade surplus. it was the first year on-year decrease in two months. on the other hand, the income balance had a slight surplus. it stood at about $13.5 billion. that's up 4.4% compared with a year earlier. and japan will set aside over $60 billion as an extra budget to keep the nation's economic recovery on track. the figure is billion more than t originaplan.rulic par agreed with hemytra t. the paagem amongplan. and child fo set polics>>here's araidences onor o uerstan the cuen re r gn stksdoecatnhathfen polo-term hg sggh, grme d te ocbeb. bolu jan. > bi f t vey. > sp dblhet' e d eirefr thesssmenpan' growi d and tonge dentedmi growth. another key negative factor is the country's political uncertaiy. withapan now having its fifth f years, ogawa says the could face rough roads ahead in implementing growtd reoring fis. unless the government tackles these issues, ogawa says the nation's sovereign credit could. >> there might be a potential

this many as twenty of the country's biggest state run companies marked for possible sale the finance ministry wants to raise around fifty billion dollars from the asset over the next five years to help cover the budget deficit it's an ambition that will be hard to achieve if i wanted my knees afraid to come here you know and we've a business r.t. . in the projects nation program itself will help to improve investment climate here in russia according to the president of morgan stanley in russia and the c.i.s. i do believe it will because it's one of the concerns government are still involved them and know where our very efficient in running the company is and anyway and the more companies become public they have to report to investors to help the independent have independent directors the more transparent and open the economy will be so i think privatization is a very important stuff and. i'm not sure business that it's now stay without it the headline news coming next. the international association of russian language and literature teachers will host a world festival of russian language. are

the chairman of the finance ministry, jean-claude juncker, who is the prime minister of luxembourg and european central bank minister trichet met with wen jiabao to address the issues. after the meeting juncker told reporters that european financial leaders still think the you'uan is undervalued and y have urged china to revalue its currency. wen reiterated china will allow more flexibility of the yuan. meanwhile, european central bank president trichet said it's important that china's policy toward currency reform is confirmed. he expressed his intention to pay close attention to china's efforts. >>> and now let's turn to catherine. >> thanks very much, shery. >>> and in other news, in thailand an explosion at an apartment near bangkok has killed at least three people and injured nine others. thai police say the power blast occurred in nonthaburi province tuesday evening. damaging a five-story building. they suspect it was caused by explosives. early in the day, the thai government decided to extend emergency rule in the province, bangkok and two other provinces through early january.

eight hundred thousand vehicles rolled off the assembly line within the period earlier russia's finance ministry said it expected annual car for junction to nearly double by two thousand and thirteen. and some news in brief computer giant apple's broken its own profit record and forecasts with its latest results but the market has been less impressed with its trading outlook and the shares fell sharply on wall street the high tech company recorded a net income of fifty point three billion dollars for the fourth quarter up seventy percent on last year the main driver was a near doubling of i phone sales although sales of the only person to fell short of expectations and the object of this hour were you can always find more stories on our website r.t. dot com slash business. brighter . moon about sums from plans to. start on t.v. . it's now five thirty pm here in moscow. will do you have lines now. russia's republic of chechnya a group of militants told me the parliament killed by security forces three more people died in the attack and seventeen were injured. the russian president has promised th

this many as twenty of the country's biggest state run companies marked for possible sale the finance ministry wants to raise around fifty billion dollars from the asset over the next five years to help cover the budget deficit it's an ambition that will be hard to achieve if i wanted my knees afraid to come here you know and we've a business r.t. . the privatization program itself will help to improve investment climate in russia that's according to unicef thought president of morgan stanley in russia and c.i.s. . i do believe it will because it's one of the concerns of the government are still involved governments are are very efficient in running the companies in any way and the more companies become public they have to report to investors the help to independent independent directors the more transparent and open the economy will be so i think privatization is a very important stuff another direction. time to have a quick look at the markets the question of the stars on the rise with mites it's breaking psychological mark of fifteen hundred points where the blue chips are crowing with more

the finance ministry here in hearing. but here's where president karzai had to say. >> the cash payments are done by various friendly countries to help the office, and to help dispense assistance to various ways to the employees around here, to people outside, and this is transparent, ands this is something that i have -- i have also discussed with even when we were at camp david with president bush, this is nothing hidden. we are desperateful for the ronian health industry guard. >> apologies there for how long it took to bring that clip up from president karzai. so he says, you know, this has been discussed with the americans and so on. has there been reaction from america or nato? >> we haven't had any reaction yet, george, but he even says, this is how the americans do business with afghanistan. they handle the large sacks of cash. that's the way that he gives it to government ministries. but this will be worrying for a number of afghan supporters for a number of reasons. one, the endemic corruption which they believe

this many as twenty of the country's biggest state run companies marked for possible sale the finance ministry wants to raise around fifty billion dollars from the assets over the next five years to help cover the budget deficit it's an ambition that will be hard to achieve if outside my knees afraid to come here and we've a business r.t. . let's have a quick look at how the markets are faring this hour as usual stock markets are high on tuesday with both indices gaining more than half a percent sentiment in the markets quarter left from wall street's rise helped by citigroup strong earnings and an improved measure of u.s. homebuilder confidence in hong kong resource stocks also high on strong for more of a. prices. found in russia there are two yes a slight positive in early trade and they might suggest that you see on the screen off. monday's closing and the boys will stop trading in a few minutes. but of which and has approved a plan to give companies working in the i'm opening a tax holiday the government has came to encourage gas production in the region which is rich in resources but it'

russia's finance ministry is to begin work with other european tax friendly countries on greater transparency and information exchange that leaves places such as the cayman islands or the hamas which may soon become the nearest destinations to offer a safe harbor from the tax authorities that you know business are two british oil group b.p. east explore and develop a major caspian sea gas field it's signed a thirty year deal on the shelf aga. failed with the stage manager for the deal involving up to five hundred billion cubic meters of gas could strengthen the role of assembly john as a supply to the west. trying to see how the markets are faring that sali european markets are closed to the midday trade as the bank of england kept its interest rate unchanged at zero point five percent as expected hedge funds manage her jump five percent on top of a good take over the world bank of scotland lost one percent on lloyds almost two percent off to fall in a house prices. i think want to rush of the forces of the solid my six climbed back into pools or territory all the main players are trading in

russia's finance ministry is to begin work with other european tax friendly countries on greater transparency and information exchange that leaves places such as the cayman islands or the hamas which may soon become the nearest destinations to offer and safe harbor from the tax authorities the jennifer to business are to. time to see how the russian indices finished thursday's session from isis slipped back into red at close all the way players were trading in a narrow range exceptions what point is gold up seven percent on high metals prices and plans to boost gold production of russian truck they could come up two percent on the talks a direct may increase state and expectedly high was rushing for zero three chains seven continent shares were up twelve percent. and russians are getting more pessimistic about.

russia's finance ministry is to begin work with other european tax friendly countries on greater transparency and information exchange that leaves places such as the cayman islands and the harm of which may soon become the nearest destinations to offer a safe harbor from the tax authorities the jennifer to business are to. time to see how the russian indices finished thursday's session from isis slipped back into red at close all the way players were trading in a narrow range exceptions what point is gold up seven percent on high metals prices and plans to boost gold production of russian truck they could come up two percent on further talks of dialogue may increase the stakes and expectedly high was russian for zero three trains seven continent shares were up twelve percent. and russians are getting more pessimistic about the economic outlook that's according to federal statistics service which has spoiled five thousand people across the country around twenty five percent expect economic conditions to get worse in the next twelve months that's just compared to seventeen percent in the second

this many as twenty of the country's biggest state run companies marked for possible sale the finance ministry wants to raise around fifty billion dollars from the assets over the next five years to help cover the budget deficit it's an ambition that will be hard to achieve if i was certain my knees afraid to come here you know when we have a business r.t. . the privatization program itself will help to improve s. the climate in russia as according to a letter to tova president of morgan stanley in russia and the c.i.s. . i do believe it will because that's one of the concerns of the government is too involved governments know where our very efficient and running the company is in any way and the more companies become public they have to report to investors they have to independent have independent directors the more transparent and open the economy will be so i think privatization is a very important step and not a direction. now in other news aeroflot shares are heading for their highest close in more than two years after russia's finance minister recommended the government sell a minority s

this many as twenty of the country's biggest state run companies marked for possible sale the finance ministry wants to raise around fifty billion dollars from the assets over the next five years to help cover the budget deficit it's an ambition that will be hard to achieve.

russia's finance ministry is to begin to work with other european tax friendly countries on greater transparency and information exchange that leaves places such as the cayman islands bahamas which may soon become the nearest destination to offer a safe harbor from the tax authorities but you never do business on team. time else take a look at how the markets were performing in here in russia the bosses are climbing in early trade with the r.t.s. more than one percent of our energy and mining stocks are leading the gains with no real cynical eros left both around three quarters of percent higher and over in asia stock markets are mixed as investors digest a disappointing u.s. jobs report and a strong yen it weighs on sentiment saying as waves like gains are up twenty three percent. now russia's finance minister says the tax burden for business will rise by around four percent in three years alexei kudrin says the increase is mainly due to excise duties of petrol alcohol and tobacco along with rising insurance premiums come several miles of the he said there was no room to cut taxes in russia it

example so the developers will devote the time and effort to look for new loopholes russia's finance ministry is to begin work with other european tax friendly countries on greater transparency and information exchange that leaves places such as the cayman islands on behalf of which may soon become the nearest destinations to offer a safe harbor from the tax authorities that you're not going to cover business r.t. . russian businesses may soon have to ensure the salaries of this stuff in case of bank are seen that sound of the terms of a new dropped bill to be introduced by the economic ministry unpaid wages and one. more than one hundred million dollars as if the first of september was almost entirely due to michael. called maker a no soldier of fortune percent fortune point nine percent stake involved for more than four hundred billion dollars to pay down debt or a no win sure mainz volvo's largest stakeholder saw its shares jump the most unfortunate months on the stock exchange increasing orders for commercial vehicles a lot of full vote to be churning says raise its profit outlook for thi

russia's finance ministry is to begin work with other european tax friendly countries on greater transparency and information exchange that leaves places such as the cayman islands or the harmonies which may soon become the nearest destinations to offer and safe harbor from the tax authorities that's an operative core business r.t. . let's take a look at how markets are for me now asian stocks are falling as investors digest a disappointing u.s. jobs report a strong yen is also weighing on sentiment japan's nikkei is down zero point two concerns here in russia the markets were closed yesterday b.l.t.'s gains more than a whole percent almost exploit only ways into positive territory gaining less than a tenth and with friends most of the major group chips finished off with your staff bucking the trend though the oil major lost about two thirds. now the russian government is offering subsidies to businesses to try and boost innovation but one technology investor told ality what companies really need is simply less regulation are. the burbs not degrading the incentives are moving the better for e

this many as twenty of the country's biggest state run companies marked for possible sale the finance ministry wants to raise around fifty billion dollars from the assets over the next five years to help cover the budget deficit it's an ambition that will be hard to achieve if elton money's afraid to come here and we've a business r.t. . look at the markets now asian stock markets are high on tuesday the vote in the says gaining more than half a cent sentiment in the markets got a left from wall street's rise helped by citigroup strong earnings and an improved measure of u.s. home builder confidence in hong kong resource stocks are also high on strong commodity prices. and the russian markets have started today on opposed to connote they are ts in the my six up both collapse to positive. what about putin has approved a plan to give companies working in the game opulence a lot a tax holiday to the government a scheme to encourage gas production in the region which is rich in resources but it's hard to access all the plan includes exemption from the resource extraction texans are export tutti fo

russia's finance ministry is to begin work with other european tax friendly countries on greater transparency and information exchange that leaves places such as the cayman islands. which may soon become the nearest destinations to offer a safe harbor from the tax authorities that's an operative core business r.t. . and stay where taxation russia's finance minister says the tax burden for businesses will rise by around four percent in the next three years alexei kudrin says the increase is mainly due to excise duties perpetual alcohol and tobacco along with rising insurance premiums become several months he said there was no room to cut taxes in russia. the russian businesses may soon have to insure the salaries of their staff in case of bankruptcy under the terms of a new draft bill to be introduced by the economic ministry unpaid wages in russia amounts to more than one hundred million dollars as of the first of september it was almost entirely due to the luck of cash like. and some currency news now and the ruble has grown to its highest rate against the dollar in five moments their green

this many as twenty of the country's biggest state run companies marked for possible sale the finance ministry wants to raise around fifty billion dollars from the assets over the next five years to help cover the budget deficit it's an ambition that will be hard to achieve if i was certain my knees afraid to come here you know and we've a business r.t. . let's look at the markets now asian stock markets the high on tuesday with both indices gaining more than half a percent sentiment in the markets got a lift from wall street's rise helped by citigroup strong earnings and an improved measure of u.s. homebuilder confidence in hong kong resource stocks are also high on strong commodity prices. and in russia the r.t.s. and my six have closed in positive territory while there was a last minute rally at the end of the session meeting most of the major players were up on the r.t.s. leading the gaze will spur bank which climbed more than two percent off to a strong financial report a rebound in oil helped lift energy producers gas from climate one percent. and separately what about putin has approved

this menace to enter the country's biggest state run companies market for possible sale the finance ministry wants to raise around fifty billion dollars from the assets over the next five years to help cover the budget deficit it's an ambition that will be hard to achieve if i wanted my knees afraid to come here you know and we've a business r.t. . and joining me now to discuss the investment climate in russia and the upcoming privatizations is you know it's a top president of morgan stanley and russia and c.i.s. thank you very much for joining us so do you accept the argument there has been a major progress in improving the investment climate in russia i clearly do believe very well the. climate is a proven whether it's already a major improvement depends on what you compare it to i just talked to a friend who compared to one thousand nine hundred that clearly had a major improvement but what's most important was the specific steps now and i would say within the last year year and i have been developed by the government and their ruling intending to do and that will i think i can major diff

example so that developers will devote the time and effort to look for new loopholes russia's finance ministry is to begin work with other european tax friendly countries on greater transparency and information exchange that leaves places such as the cayman islands bahamas which may soon become the nearest destinations to offer a safe harbor from the tax authorities. business r.t. russian businesses may soon have to ensure the salaries of their stuff in case of bankruptcy while that sound of the terms of a new draft failed to be introduced by the economic ministry unpaid wages in russia amounted to more than one hundred million dollars as their first of september it was almost entirely due to the lack of cash flow. car market maker sold fourteen point nine percent stake involve more than four billion dollars to pay down debt for a no which remains of all those largest stakeholder so its shares jumped the most unfortunate months on the paris stock exchange increasing orders for commercial vehicles allowed to be to earnings estimates and raise its profit outlook for this year. a look at the mark

russia's finance ministry is to begin to work with other european tax friendly countries on greater transparency and information exchange that leaves places such as the cayman islands bahamas which may soon become the nearest destination to offer a safe harbor from the tax authorities. of business are to. time now take a look at how the markets are performing in asian stocks are down as investors digest a disappointing u.s. jobs report a strong it is also weighing on sentiment both the nikkei and honks saying sliding into the red this hour. and here in russia the markets were after the close yesterday r.t.s. games more than half a cent more than my six finally made it into positive territory gaining less than a tenth of a percent most of the major players finished with of all surf bucking the trend though oil majors lost about two percent. now russia's finance minister says the tax burden for businesses will rise by around four percent in three years alexei kudrin says the increase is really due to excise duties for petrol which i'll go whole into back the along with roy's insurance premiums wil

the finance ministry says it will be not less than five percent while official forecast is set at five point three percent. that's all we have time for for this hour i'll be back with more in about fifteen minutes from that. the close something has been to the sun telling regions where the biggest russian sam can be our processing factories located not only argy goes to northern paradise. where many still live off the land. new ways are being found to find a common mode. first free elections read. thousand years ago. welcome to the no good region. russia close up. it's six thirty pm in moscow are many snow white with parties have done so we'll go chavez kicks off a diplomatic tour in moscow as russia in venezuela sick to pull together and shake up the balance of world power. pandora's box open and women in u.s. politics are accused of playing dirty swaying voters with emotional tactics where they lack of professionalism. joe businessman mikhail khodorkovsky partially admits his guilt in a court case that's taking years to resolve. and russia's formula for success hosting the twenty fou

russia's finance ministry is to begin work with other european tax friendly countries on greater transparency and information exchange that leaves places such as the cayman islands bahamas which may soon become the nearest destinations to offer and safe harbor from the tax authorities is that you're not going to business r.t. . nichols extraordinary general meeting later this month well clarify the future of russia's largest mining company it's gripped by it just spewed between shareholders elected in. attendance interoffice result believes it can double new salivation as rosol ord member one in its told r.t. if you can't invest in your projects you have to return the money to the shareholders there is no reason for the management to enjoy the big cash pile that is sit on the balance or that has to be returned to show all those souls are going to invest in new projects themselves if the matters were does not able to do so very simple corporate governance professional management that's what we stand for and we do believe that shows also crews of well there was a company from current sorts a bi

russia's finance ministry is to begin work with other european tax friendly countries on greater transparency and information exchange that leaves places such as the cayman islands bahamas which may soon become the nearest destination to offer a safe harbor from the tax authorities jennifer to business r.t. . times take a look at the markets now and here in russia the r.t.s. index is open for trading is gaining zero point four percent so far as after both the forces closed at the end of wednesday's session and most of the major players finished higher bucking the trend though those rules in there which was about two percent. and over in asia stock markets are down as investors digest a disappointing u.s. jobs report and a strong yen is also weighing on sentiment both the nikkei and hand saying are sliding into the red this hour. now russia's finance minister says the tax burden for businesses will rise by around four percent in three years alexei kudrin says the increase is mainly due to excise duties for petrol alcohol and tobacco along with rising insurance premiums it comes several months

russia's finance ministry is to begin work with other european tax friendly countries on greater transparency and information exchange that leaves places such as the cayman island. which may soon become the nearest destinations to offer a safe harbor from the tax authorities but you're not going to call my business our team and stay with taxation the russians finance minister says the tax burden for business or rise by around four percent in three years alexei kudrin says the increase is mainly due to excise duties to paschal alcohol and tobacco along with rising insurance premiums it comes to several miles of days that there was no room to grow in russia now as well as facing higher taxes russian businesses may soon have to insure the salaries of their staff in case of bankruptcy under the terms of a new draft bill introduced by the economic ministry unpaid wages in russia to more than one hundred million dollars as of the first of september was almost entirely due to the lack. conflict of markets now and the sliding south in europe with the early trade mining stocks leading the downside. bo

finances. his ministry denied any wrongdoing. >> for the press that came after me at brownsville was a vendettand it was over a certain thing that i'm not going to get into but it was a vendetta and it was picked up by newspapers around the world. >> reporter: while history seems to be repeating 15 years and 60 miles from brownsville kilpatrick insists this time there is no reason for controversy. what is a typical offering bring in? >> expenses is $16,400 and most nights we have in the neighborhood of 7,000s, 8,000 come in. >> reporter: the size of this revival largely depends on word of mouth and youtube spectacles. >> put your hands on my leg. >> reporter: attendance jumped after this went viral. it shows kilpatrick and morris helping a paraplegic out of her wheelchair. her struggle is obvious but for believers, this is proof of god's power in mobile. >> a lot of you are holding her and this is a woman with atrophied muscles forcing her way along. why didn't god heal her entirely? why wasn't she able to get up and run around the room if that was a miracle. >> what i want to ask you, why does