china doesn't want to overpay it claims that it can offer a rapidly growing market in the future gazprom in turn is waiting for the price of natural gas and its share on the chinese market to increase at the moment gas accounts for just ten percent of the overall consumption of energy resources in china it's too little to be interesting to gazprom tough bargaining is a useful skill in these beijing neighborhood nickname to russia town it attracts thousands of vendors on a hunt for knockoffs this is the third year with a village there was there's a here it used to be an open market with rows of counters only recently they built everything at our expense if i may say so. but it's shamelessly low prices and high turnover areas like this one managed to transform themselves from shanty towns into glitzy shopping quarters russian china's trade has undergone a similar make over in two thousand and nine china surpassed germany as russia's largest trading partner. we've overcome last year's negative tendencies the global financial crisis was the reason for the collapse and our trade turnover volu

garia will accelerate construction of a section of the south stream pipeline project it agreed with gazprom to form a joint venture next month much earlier than expected chief executive exit miller visited bulgaria as prime minister on friday and the parties will sign a deal next week. and so let's now turn to the equity markets european stocks are up this hour falls in insurers are putting pressure on the footsie but banks are staging a recovery that's ahead of a speech where u.s. federal chairman ben bernanke you retailers slipped after care for trimming its profit forecast and the russian markets are trading in the black with nor nickel getting a one point six percent energy majors are educated i would look oil lending support on both of voices but gazprom and wallsten have both chatting and both are forces. the world's leading retailer wal-mart is once again stocking the co-pay could discount chain after pulling out over to you earlier this year in the latest twist there mr daly says a rival bitter x. five retail group may walk away from the talks is valued at about one and a half billi

offer something in exchange for the support of all the contras along the pipeline fruit this week gazprom chief alexei miller is visiting both garrett and romance to discuss delivery of russian gas and the future of the south stream pipeline project. of business are to stumble. analysts have a closer look at how these equity markets are performing european shares are only up on whether to stay commodity stocks and leaving the footsie higher that follows positive economic data from asia and the prospect of further stimulus for the u.s. economy from the federal reserve is based on a sentiment minors are among the top game is copperheads a twenty seven month high and here in moscow the russian forces are based around one percent higher equate with trends in global markets energy may just leaving the gains a raise in the previous session this is outperforming on the my sex and the r.t.s. one and a half. hour. some of the leading lights of california's silicon valley say the russian government should stay out of high tech business they fear the states will choke rather than help innovators but

new industries into infrastructure into technology etc and there was any mention of that whatsoever gazprom has agreed to supply thirty billion cubic meters of gas and only to china over thirty years saw seen from twenty fifteen to make it all happen the gas giant also announced it would start building a new pipeline to china next year diversifying its customers is a significant ambition for russia it provides a hedge against a drop in demand from you rope in the event of an economic slowdown more because of the way of going inside. and the reason for growth is so strong in asia right now is because they are buying. centralized economy. paul says they are bad on that they decided to go market real. but russia faces stiff competition to the east most so then in western europe as china borders the nations of central asia which have considerable gas reserves moreover countries like to have got there first with agreements to build the pipeline and fill it with fuel analysts suggest this has provided the final up to the russian side in their negotiations for fear of losing out all together in th

where renumeration has grown by a quarter the top ten companies include russia's energy giants like gazprom ross nafta lukoil as well as. be in the financial sector. the problem of europe's heavily indebted public finances has come back to haunt the markets after a brief summary spite the r.'s government has announced plans to inject an additional sixteen billion dollars into its banking system this brings the total bill to fix irish banks to sixty billion dollars the bailout will swell island's deficit this year to thirty two percent of economic output the biggest in post world war two europe. because of. the dilution mode building society to stay just don't. have time to prevent them becoming a trash to the student says that's how serious the position that was developed in those bones was. let's have a quick look at how the markets are performing european shares have started october in the black after falling for the last four sessions gold and crude prices are higher helped by china's better than expected purchasing managers index for september. and here in russia markets have rebounded

commission the list and put gazprom head alexei miller russian railways boss of . recess. at the top thirty seven experts compiled the list from a total of one hundred seven candidates placing them in four categories of influence minimal and moderate to high and very high. now that stick out the equity markets european stocks are on the slide this hour follows some weak u.s. manufacturing data down more than half a percent with minors in the zero declines and in frankfurt tech stocks are dragging on the docks. out of russia markets are trading lower following losses in asia banks are way but the utilities and communication sectors are making some gains just telecom is trading slightly higher at this hour. russian railways' has set the i.p.o. price range for shares and its subsidiary trans container at seventy nine to ninety nine dollars per share the offering of just over four million eight hundred thousand shares represents thirty five percent of minus two shares of the company. russia's biggest mobile phone operator you have reset is considering selling thirty percent of

which is said to be thinking about joining the project at the moment gazprom is just want european partner italy's any but e.t.f. in france is also in talks to participate on the subject of current gas supplies head of gas probably like say miller says it may exceed last year's export volumes by three percent or more while northern and central european gas consumption is growing southern and eastern europe are tightening their belts are rising gas pumps gas output is mostly driven by domestic demand. and that's your update for this hour but you can always buy more stories on our website r.t. dot com slash business. forty two thousand americans die each year car accidents will be a thousand. seven hundred thousand people. and thirty two thousand will kill themselves cancer in all its forms kills five hundred sixty thousand of us here part disease is even more devastating it kills over eight hundred seventy thousand americans every day here. twenty four hours a day we are on t.v. here in the russian capital top stories now the campaigning is over. the head of sunday's parliamentary vote secu

influential russian businessmen has been published the russian paper news of the sea my commission the list gazprom head alexei miller russian railways boss rather made. that a pass at the top thirty seven experts compiled the list from a total of one hundred seven candidates placing them in four categories of influence minimal moderate to high and very high. let's turn now to the markets european stocks are mixed this hour the footsie is still down around half a percent but mine is leading the decline in frankfurt the tax is slightly higher with deutsche bank gaining one and one percent on company results. here in moscow the russian markets are trading lower following losses in asia but the utilities and communications sectors are making some gains but telecom is up around half percent this hour. russian railways' has set the i.p.o. price range for shares in its subsidiary trying to contain up at seventy nine to ninety nine dollars per share the offering of just over four hundred four million sorry eight hundred thousand shares represents thirty five percent minus two shares of the company. russia

the remuneration has grown by twenty five percent in companies included russia's energy giants like gazprom lukoil as well as bear bank and b two b. in the financial sector. that brings us to the markets asian stock markets rise as chinese manufacturing activity takes up space in september prices also list energy companies. climb point seven percent stock markets and hong kong and china closed public holidays. and european shares edged higher in friday after falling for the previous session stocks have boosted by commodities on china's forecast beating lang factoring data miners are also off among individual issues also group gained four point six percent on friday's eighteen billion dollar tie up between reps. and here in russia markets have rebounded at noon. trading in the black berry bank is topping the list with shares up over one and a half percent on both the horses bucking the trend. of trading in the red. the world's leading logistics group d.h.l. says its business in russia is growing at a double digit rate speaking exclusively to business r t c o of poe's d.h.l. franc apple says

which is said to be thinking about joining the project at the moment gazprom is just want european partner italy's any but e.t.f. of france is also in talks to participate on the subject of current gas supplies head of gas probably like say miller says it may exceed last year's export volumes by three percent or more while northern and central european gas consumption is growing southern and eastern europe are tightening their belts and rising gas pumps gas output is mostly driven by domestic demand. and that's your update for this hour but you can always find more stories on our website r.t. dot com slash business. this place makes some friends managed to escape. but another is it sparkles and unexplainable interest. in. a place where supernatural things are happening.

nearly less less than a percent this hour them isaacson's also slightly lower drug energy majors gazprom rosneft and look all citing losses on both the bourses bucking the trend is gas. and gold has halted its first significant drop in price since its record breaking level at one thousand three hundred eighty eight dollars per ounce last week the price fell two point one percent to july levels amid a strengthening dollar and china's central bank's decision to raise interest rates . now staying in the precious metals several styles gold mining unit is seeking regulatory approval for a one billion dollar initial public offering in london the i.p.o. may start in early as as early as this mouth according to sources. close the deal the sale will be the largest overseas share offering by a russian company since united raised two point four billion dollars in hong kong in january. and russian road and bridge builder most trest has set an indicative price range of six point twenty five to eight dollars per share for its upcoming i.p.o. the company would raise up to half a billion dollars for man

lower all the metals prices gold russia's largest gold producer is down point seven percent while gazprom declines point eight percent energy majors are in the red as the price of crude fell sixty three cents to eighty one dollars eighty nine a barrel in new york stopping the losers list on the lies ics losing over eight percent this hour and markets in europe are also down the footsies losing over half a percent basic resources shares are coming under pressure after oslo mittal forecasts a far weaker fourth quarter than expected shares of the world's largest steelmaker fell four point three percent and more in the house along with thomas also a forty eight percent jump in net profit for the third quarter as the global recovery boosted demand for steel the world's largest steelmaker said its profit rose to one point three billion dollars. and staying with the steel sector here in russia one of the major shareholders of mittal investors planning to sell his stake in this deal maker with mr reports businessman. is looking for a buyer for his twenty percent stake which is estimated to be wor

and here in moscow the russian markets are trading high on thursday they supply energy stocks gazprom is the top gain on the my six pack several raised earlier losses you call is now the only blue chip in the red just dependent lower at this hour. greece may have a greater budget deficit for two thousand and ten than the eight point one percent agreed as part of a rescue package from the i.m.f. and the e.u. the new york times reports it may reach eight point nine percent of the country's g.d.p. investors fear that greece will be unable to close the gap week ten year bond yields have jumped to one percent of the names. staying with the e.u. the european commission plans to launch legal proceedings against its own member states that pay over flight fees to russia the move is a roundabout measure by the commission to eliminate billions of dollars in fees that russia charges european airlines to fly over siberia germany france finland to and austria will be the first face proceedings the other twenty three member states are also under investigation the commission says the deals with russi

bottom a trend though is gazprom one look at all that are currently trading in the red. russia's fourth largest still maker m.k. has launched a new metal processing plant in a venture with turkish company at a cost facility is worth two hundred fifteen million dollars our correspondent in the question of was in the south of turkey got the ground up. russ's not the dynamic a current interest that am expanding abroad especially into the market so maybe the east and this want to end this stuff and part of it is just another example of i'm paisa time to increase our force as well as all of us say as well this is the first joint venture between russia and the model companies and the total cost of this process is not to make it to be over one point seven billion dollars on it this month will be only the seeds by this year will the find this stuff to production platforms what is here and down the room in the south and part of. the stop and want is that the area it's simple to supply the whole facility with the law materials both companies and bought it and so building a seat fo

and a key southern route for gas to europe took another step forward on wednesday gazprom c.e.o. travelled to romania where he said a government level agreement could be signed early next year already on board the south stream project serbia hungry greece slovenia at croatia and austria exam miller also announced that the two parties have agreed to proceed to the next stage of possible cooperation with we came to agreement that a group of experts will come to remain here and carry out preparatory work to understand whether we have mutual interests in this sphere after that the experience will make a report at a corporate level and if we can cooperate we'll discuss it management level we see the potential for corporation in this sphere and we do have interest in it which the operator of the want to work project x. and we have to gus has called on russia's government to double its spending on the fields to one hundred billion dollars but the company also wants to delay development to all fields and postpone the second phase of production for the third if approved one will become th

calculation in the contract finish your thought on and you can watch the full version of the interview with gazprom spokesman on spotlight next week. one of the world's top auto parts suppliers has opened its first plant in russia how does america is ramping up production here as more foreign carmakers are expanding their operations but as medina a question of reports the relative lack of locally produced components is putting the brakes on the russian auto industry. dashboards bomb the radiator grills and other components that's what this newly built plan and the cougar region will produce and more importantly that's what the fast recovering russian call market lacks at the moment the kaluga plant is just one of the serious of russian projects run by magna in late september the canadian company also announced the opening of three plants in simpy does that the total investment into the cooper project top seventy four million euros the plunge will manufacture components from false fagging greenall and to try and force products. so we still have to import. data for example from outside. british sure

about the direct shipment of the as a regards to romania at the same time he has an agreement with gazprom russian company committing as everybody on to sell its gas to the russian company all these two commitments seem to be contradictory seem to be have a conflict within them but europe should love it. such kind of a contradiction in what we just say but as you suggest i think i have said love and i think it's father if he was still alive with margaret even more because the whole point further for john is to have a kind of multifactor foreign policy a lot of extra energy policy they would they would like to make sure that they diversify their buyers so that way they are really needed by everybody so i think that it's really it is actually doing a pretty good job for his country in terms of diversification and maintaining influence it's only maintaining influence it's only surviving in a world surrounded by superpowers or is it trying really to create a russian alliance because because some observers think that saakashvili is touring and pretty successfully too to get involved in a sort o

the newspaper who commissioned the list gazprom had aleksey miller a russian railways boss allegedly to queen a new cell c.e.o. . top the list thirty seven experts compiled the list from a total of one hundred seven candidates placing them in four categories minimal moderate high and very high influence. now let's look at the markets asian stocks are lower on wednesday best as are concerned that the u.s. federal reserve expected stimulus measures not be enough to boost the economy japan's nikkei average ended slightly higher but off from its morning ised exporters got a modest lift to get reverse some of its recent strength against the u.s. dollar hong kong's hang seng is trading one point eight percent this hour. and stocks in europe down in early trading as well the foot seas trading point eight percent lower with miners leading the declines because of missed xstrata and rio tinto all down over two percent on lower metals prices british american tobacco is also shedding one point nine percent after a trading update and germany's dax is down almost half a percent with deutsche bank

gazprom is also trading over a percent higher than banking stocks live from my six spare bank and between three and two percent respectively. that's all the update for this hour but you can always find most always if you log on to our website at r.t. dot com slash business or join us at twenty past the hour for more. the. wealthy british. markets. find out what's really happening to the global economy with. no holds barred look at the global financial headlines kaiser reports. every month we give you the future we help you understand how and what to bring the best in science and technology from across russia and around the world. knowledge update on our keep. from feinstein.

that's on the low all on metals prices energy wages are in the red as the price of crude has fallen gazprom is shedding more than one percent banks are also suffering d.t.p. is down one point six percent and spread one cuz tumbled down one point eight percent this hour. markets in europe are also down with the footsie showing more than one percent basic resources shows are coming under pressure us off to arsenal mid to full cost of far weaker fourth quarter than expected the world's biggest steelmaker did post a forty eight percent jump in net profit for the third quarter to one point three billion dollars. and wall street is low in early trade that's a day off the indices hit a five month high a stronger dollar and disappointing corporate results are putting pressure on stocks. russian billionaire alexander lebedev is launching a new daily newspaper in the u.k. called r.t. it's the third title in his growing british publish publishing empire which includes the independent and the evening standard that would have says he hopes the new paper will attract readers of quality news who have aban

but gary will accelerate construction of it section of south stream pipeline project if agreed with gazprom to form a joint venture next month much earlier than expected chief executive alex the miller visited bulgaria's prime minister on friday the parties will sign a deal next week. and the world's leading retailer wal-mart is once again stalking the kopeikin discount chain after pulling out of the deal earlier this year in the latest twist to better misty davies says a rival bidder x five retail group may walk away from the talks could take a is valued at about one point five billion dollars wal-mart has been trying to enter the russian market for eight years though it still has no outlets here. and russia's top steelmaker you have routes cut steel production by more than eight percent to three point eight million tonnes in the third quarter that's compared with a year ago the company blamed shadow of modernization projects for the decline along with safety inspections at mines following their response car accident analysts say the cutbacks are also consistent with falling demand and low

in russia markets sliding in even trading banks and energy majors are among the worst performers gazprom is losing over a percent lukoil and whose hydro are also down. as over one percent. of moody's rating agency has lifted its outlook for russia's banking sector from negative to stable it cited a better. a better operating environment higher liquidity and the banks buffer against bad loans. rush steelmaker year as plans to sell bonds for six hundred fifty million dollars the company is looking forward to refinance more than three billion dollars spent on acquisitions in north america will also provide three point two billion dollars of new loans you just start in two thousand and eighteen . russian railways are expected to sell a thirty five percent stake in cargo unit trans container it will raise up to four hundred million dollars in a london moscow listing by the end of this year now the move would value the freight operator at more than a billion dollars or so and will always will keep a majority stake and we use the income to modernize the rail system russian will always wants to

are doing well energy majors are lending support with gazprom under court by trading more than one percent on. the russian central bank has left its key refinancing rate unchanged at seven point seven five percent for the fifth this straight month following a meeting on friday by aggressively said that we can in consumer demand and uncertain prospects in the global economy posed added risks for economic growth however alpha bank president peter says there was no room to cut rates. i was supported because the bigger for very serious years on the glacial. give the budgetary problems still there even for the budget speech and the soft i would say . from all sort of the sort of mistakes so i guess they go the to be here for the good. party metal is to float around fifteen percent of it says on the london stock exchange russia's top prices metal producer could raise up to one billion dollars from the office a company to take the listing through a new parent company for the macro international registered in london in july. and that's the basis for now but of course you can always find more busin

of the overall consumption of energy resources in china but it's too little to be interesting to gazprom tough bargaining is a useful skill in these beijing neighborhood nickname to russia town that attracts thousands of vendors to on a hong. says not so sure the winter when there was this is a here it used to be an open market with rows of the counters only recently they've built everything that our expense. but it's shamelessly low prices and high turnover areas like this one managed to transform themselves from shanty towns and to shopping quarters russian chinese trade has undergone a similar may call for in two thousand and nine china surpassed germany as russia's largest trading partner. we've overcome last year's negative tendencies the global financial crisis was the reason for the collapse and our trade turnover volumes sure i.q. this year we have managed to make up for us and will most likely get back to the pre-crisis level in trade aleck anomic cooperation it's a big achievement for the former communist allies while meeting second world war veterans and the russian president