now gazprom c.e.o. alex and mo also talked about the potential merger with nuff to gus what he see as the potential benefits for ukraine. there are a lot of benefits on the table according to gazprom c.e.o. alexei miller he told the press that should nafta gas decide to merge with gazprom there will be a lot of benefits for the iranian side not only for its gas industry of course is energy industry but also for the country's economy as a whole not only would gazprom maximize the a utilization of pipelines currently running through ukraine lifting up the volume of gas that passes through them to over twenty five billion cubic tonnes but also a nafta gas of ukraine would receive very beneficial prices they would be receiving the same prices that it currently exists on the russian domestic market so of course a lot of potential benefits for nafta gas should it decide to merge with ukraine alexy miller also said that the potential merger would not affect its existing plans for the south pipeline which of co

russia's fifth largest oil producer gazprom net has increased its profit by eight percent to three point three billion dollars and twenty ten turnover rose to almost thirty seven billion dollars that's of thirty six percent gain on the previous year gazprom is a subsidiary of. segregate the markets in the us they've opened in negative territory it's slightly down some saying this is because of hosni mubarak's refusal to step down but otherwise it's been pretty flat all week long there's no direction for american markets look at europe now. europe the situation looks rosier after this negative closing opening of the u.s. markets right now the footsies up point one percent the dax is up also point one percent but nokia is down fourteen percent after announced its alliance with windows to create a windows based mobile phone. here in russia as stock snapped three days of losses as oil climbed up strongly this is because this is boosting the outlook for oil producers of course on thursday there was a massive sell off on the russian market and previous days were also negative for russia more d

as banking and retail climbed now let's have a look at some individual share moves in russia here gazprom was down point six percent on the r.t.s. ross they have lost three quarters of a percent and russia second biggest bank b.c.b. was up almost four percent helped by news it has acquired them blocking stake in

and discourage investment and pipeline meet at a meeting with analysts miller also spoke against gazprom selling more gas to europe at prices set by the market leaders for. treating her than fifteen percent on the european gas market because gas is not a traditional exchange commodus he like oil gas cannot become a readily exchange commodity like because of its physical characteristics. yeah dex is planning to place initial public offering worth up to one billion dollars this summer where she is leaving internet search engine has hired deutsche bank and morgan stanley as underwriters for the i.p.o. to trade on the nasdaq stock exchange a search engines offering could become one of the largest companies in two thousand and eleven and would surpass mail dot ru's nine hundred twelve million dollars last november your given on call from invest cafe believes potential investors should approach with care. the market is now entering a new stage in the vein of the y2k bubble whereby investors will be cautious when looking at yandex probable valuation of seven or eight billion dollars in reality

gazprom is posed to the third quarter net profit of five point four billion dollars down nine percent from the previous year the figures were in line with expectations russia's biggest company in terms of the decline to long to debt interest payments and a decrease in demand gazprom supplies around a quarter of europe's gas needs though its market share has dropped in the last two years due to the inflow about terms of energy sources of the markets now european stock markets are lower than those by heavyweight banking stocks shares of credit suisse spell well almost three percent of the bank reported a six percent rise and fall to net profit fell short of forecasts other banks were also down h.s.b.c. for example falling more than one percent lloyds bank grouping banking group shedding point nine percent two russian stocks are declining for a third straight session the r.t.s. there taking a beating of two percent myself so almost there one point eight percent investors are shifting their as it's out of developing countries or emerging markets concerned that inflation will hurt growth t

closed on monday for presidents' day and i'm taking a look at some of the individual share moves gazprom is up over one point seven percent this hour at rossen after the country's biggest crude producer andrew coral are making headway as well over three and one point seven percent respectively. official efforts to stop russian people drinking too much or too much have taken a toll on the brewing industry the country's largest beer maker baltic has reported an eighty percent decline in net profit for two thousand and ten the company says sales suffered due to the two hundred percent increase in excise duty imposed last year to help combat alcoholism danish brewer called work which owns eighty percent of cited russia's performance as the main it is a list of profit forecasts for last year. and the global economy is facing a new threats this time from the sun scientists warn the planet is in danger from unusually strong solar storms which could damage satellites and power grids according to an estimate by u.k. scientists this could cost the world economy as march as two trillion dollars the

gazprom expects to supply an extra nine percent of gas to europe this year and predicts prices will be fifteen percent time now that would give an average price of three hundred fifty two dollars per thousand cubic metres compared to three hundred six last year exports to europe are planned to about one hundred fifty two billion cubic meters of gas this year but are still below pre-crisis levels of one point five eight billion in two thousand one hundred fifty eight that . russia's largest oil producer gazprom now has increased its profit by eight percent to three point three billion dollars in twenty ten turnover roast almost thirty seven billion dollars that's a thirty six percent gain on the previous year. is a subsidiary of gas problem. so for now more in headlines are next with a nice in just a sec. thanks . down stop going to. come back. we'll have a rally we'll sell lots of beer lotion on the fade i'll pull wear uniforms the little damage is in the black family but very little.

that's after prime minister putin questioned why prices for jet fuel and diesel set by ross nafta gazprom and lukoil have risen faster than the price of crude oil two years ago the watchdog imposed fines of nearly a million dollars against the likes of rosneft lukewarm t.k. b.p. for fixing prices but it's not since even the general director of the national energy security fund believes mines are not the right way to ensure competition. the problem is that we have no in the plan them to refineries in the us all serious or foreign there is there the part of this we have to integrated companies and in my opinion if we really want to struggle for law with all prices across the wall we must simply not about fines we must think about structural reform of our industry we must have independent before and there is and only i think this is the only one way to struggle with high oil prices if we want to press one point that we must have real complete the mission of our market if we will have no independent why there is there will be no competition. gazprom is post of course and their profit of five

gazprom expects to supply an extra nine percent of gas to europe this year and predicts prices will be fifteen percent now that would give an average price of three hundred fifty two dollars per thousand giving me just compared to three hundred six last year exports to europe are planned at about one hundred fifty two billion cubic meters of gas this year but are still below the pre-crisis levels of one hundred fifty eight point eight billion in two thousand it. was just the largest oil producer gazprom neath has increased its profit by eight percent to three point three billion dollars and twenty turnover rose to almost thirty seven billion dollars that's a thirty six percent gain on the previous year. take a look at the markets now and as i mentioned before u.s. markets are positive as hosni mubarak was. stepping down as this news came over we're seeing the dow jones up zero point three percent nasdaq point three percent in europe also we're seeing this wave of positive sentiment here however is one of the stock which is shedding a lot today it's down fourteen percent after to greta

gazprom expects to supply an extra nine percent of gas to europe this year and predicts prices will be fifteen percent higher now that would give an average price of three hundred fifty two dollars per thousand cubic meters compared to three hundred six last year exports to europe are planned at about one hundred fifty two billion cubic meters of gas this year but they're still below pre-crisis levels of one hundred fifty eight point eight billion in two thousand and. fifteen largest oil producer and gas from subsidiary gazprom has increased its profit by eight percent to three point three billion dollars in twenty ten turnover rose to almost thirty seven billion dollars that's a thirty six percent gain on the previous year. so the markets now start with the united states they opened negatively but then switched into positive territory as mubarak stepped down and there are now that's also send a positive sentiment a wave of positive sentiment for out other markets for example europe ended the day pretty positive nokia however their ships shares dropped almost fourteen percent after to

thanks very much bill indeed gazprom is joining the elephant oilfield project in libyan assets will deal with italian energy company and now the gas giant will get thirty three point three percent or half of any stake in the project worth around one hundred seventy billion dollars in return any will be given access to energy projects in russia the deal was sealed during russian president dmitry medvedev his visit still has to be approved by libyan authorities. take a look at the markets and new applications for jobless benefits in the u.s. rising more than expected so we did see a negative opening but it seems that this data is not so gloomy as it seemed before so we're seeing some kind of recovery in the u.s. markets european stocks however are lower marginally stable europe's biggest defense contractors be a systems is down three point four percent after its profit missed estimates. here in russia definite change of mood by the end of the session they would have to gains in the morning stocks ended the session in the red most of the blue chips were losing at the close but burbank was u

project that bypasses turkey's bosphorus straits according to russian media transnet rosneft and gazprom the after about to officially end their financing of the project this with effectively kill off the whole idea russia bulgaria and greece agreed to three years ago and that is to build almost three hundred kilometers of an oil pipeline to export crude to european clients however transplant does deny this information saying russia does not intend to redirect oil in the various other pipelines but some analysts doubt the economic value of the whole project. together with the completed one pipeline and together with the plan to be completed next year to pipeline i think currently . russia has enough expert capacity is probably the distribution i mean geographical distribution overall is not so diversified as russia. may want or potentially many i don't think that. construction of some. extra pipelines world is justified economically. because of the markets in the u.s. they are being as the fed is pretty optimistic about the economy new home construction the u.s. came in better than expec

as part of the evacuation in fact just last week gazprom signed a deal with the taliban company and me and that was to jointly develop the elephant oil fields in libya that of course now with the potential of gadhafi regime this is really calling into question the foreign investments in that country . more on the fallout from the uprisings in north africa and the middle east shortly but first let's take a look ahead as we deal with martian matters later this hour starting on to the red planet in the moscow region the mars five hundred crew are set to walk on their block mars for the last time before heading home. and europa league football teams are braving moscow's freezing temperatures as they prepare to battle it out to go through the final stages that's coming up in our sports bulletin later this hour. well more now on the unrest in the middle east and north africa it's leading to a surge of illegal immigrants fleeing the trouble well italy is boosting security on its borders to cope with thousands of refugees whose numbers grow as the violence spreads. reports on those taking flig

gazprom expects the liberalization of domestic gas prices will bring an additional twenty four billion dollars income in the next three years the russian gas giant says income from domestic sales will be higher than the value of mineral extraction tax for gas for twenty eleven now this improves outlook comes despite the government's decision to increase the tax by sixty percent of the beginning of the year pushing gazprom tax payments up to one point six billion dollars annually the company is already increased its gas prices for domestic consumers by around fifteen percent since the start of the. world's largest element in producer roussel as reported three percent increase in its total output in twenty ten compared with the previous year results first every c.e.o. will use of so our view of says the further recover recovery of the global demand will boost the prices this year we see there very strong market everywhere we see the recovery in other medium prices we'll that's why our estimation for the. for this year at least twenty five hundred. dollars per tom. in some weeks it should

only it was business news we have time for russian and the major gazprom is reportedly in talks with the royal dutch shell to widen their global alliance sources close to negotiations cited on bloomberg say europe's biggest oil company may offer gazprom asia in return shell wants to expand the liquefied natural gas plant at the twenty two billion dollars i need to project to win markets in china and india however alexander knows out of fermentable doubts the plans will come to anything at least for the time. but on one hand. there are good very good perspectives for. point of view of gas for expansion. but at the same time current situation on the global of the market is not so favorable for a new energy plants and current trend that made sure global energy producers postponing or canceling its new capacities production get us to. basically i don't think the timing for expansion of oil and you plan and secondly. is the best time right now. but look at the markets now in the u.s. pretty flat standing near two and a half year highs more positive than they were last this isn't just as a

now gazprom has poses of third quarter net profit of five point four billion dollars down nine percent from the previous year the figures were in line with analyst expectations russia's biggest company attributed the decline to long term debt interest payments and a decrease in demand from supplies around a quarter of europe's gas needs though its market share has dropped in the last two years due to the inflow of alternative energy sources. european stocks drop dragging europe's benchmark index lower for a third day the pussy is down just down under half a percent and germany's dax is trading a quarter of a percent lower shares of alcatel lucent job as much as twelve percent after the telecom equipment group said profit soared in the fourth quarter on rising demand for networks across the globe. here in russia stocks declined for a third day as well the best of the shifting their assets out of developing countries concerned that inflation will hurt growth in emerging markets the r.t.s. is losing over one and a half percent in the miser is down point eight percent energy mages are the

thanks very much bill gazprom is set to join the elephant oilfield in libya and an asset swap deal with italian energy company any the one hundred sixty three million dollar deal is expected to be signed during the official visit of russian president medvedev to italy on wednesday among other topics for discussion in the protests is the potential participation of any end nel in russia's high tech school cover and also the service stream project which is to carry fifty billion cubic tonnes of gas from russia to southern europe across the black sea. russia could quit the book as alexander ballou spoil pipeline project that bypasses turkey's bosphorus straits according to russian media russian partners comprising of tranced after gazprom that are about to officially end their financing of the project now this would effectively kill off the project that russia bulgaria and greece agreed on three years ago but almost three hundred kilometers of an oil pipeline to export crude to european clients however trans now has denied this information saying russia doesn't intend to redirect oil delive

now we know also there are many russian oil companies working in the country months and gas from gazprom is also released a statement saying that there were me feeling some of the people that working in the country that for them as part of the evacuation in fact just last week gazprom signed a deal with the tallying company and the and that was to jointly develop the elephant oil fields in libya that of course now with the potential. fees regime is really calling into question the foreign investments in that country but we will have more on the fallout from the uprisings in north africa and the middle east shortly but first let's look ahead as we deal with martian matters and later this hour stepping onto the red planet in the moscow region the march five hundred crew are set to walk on their box mars for the last time before heading home. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to operations throughout the day . the official. from the. video. feeds. dot com. for more now on the unrest in the midd

good to have your company gazprom now after joining the elephant oil field in libya and an asset swap deal with italian energy company any of the gas giant is getting thirty three point three percent or half of any stake in the field with estimated reserves of two hundred twelve million tons of oil in return any will be given access to energy projects in russia according to deputy chairman of gazprom alexey miller the estimate worth of the deal is one hundred seventy eight million dollars the deal was sealed during the russian president dmitry medvedev visit to italy on wednesday. meanwhile russia could quit the burger. pipeline project that bypasses turkey's bosphorus straits according to russian media trance now gas from the left are about to officially end the financing of the project now this would effectively kill off the idea of the russia of bulgaria and greece agreed upon three years ago and that's to build on was free hundred kilometers of an oil pipeline to export crude to european clients however tranced afters denied this information saying russia does not intend to redire

gazprom expects to supply an extra nine percent of gas to europe this year and predicts prices will be fifteen percent now that would give an average price of three hundred fifty two dollars per thousand cubic meters compared to three hundred six last year exports to europe are planned at about one hundred fifty two billion people and gas this year but are still below pre-crisis levels of almost one hundred sixty in two thousand. russia is the largest oil producer gas from there has increased its profit by eight percent to three point three billion dollars in twenty ten that turnover rose to almost thirty seven billion dollars that's a thirty six percent gain on the previous year. old gas from. the look of the markets stocks in europe still struggling for some kind of direction but looking well flat to negative at this moment mobile phone giant nokia is posting heavy losses after its agreed to form a software partnership with microsoft it shares are down ten point seven percent this is one of the biggest drops in ten months. here in russia stocks recovering off the show rules on thursd

thanks very much and go straight to our top story russian energy major gazprom is reportedly in talks with royal dutch shell to widen their global alliance well sources close to the negotiations site on bloomberg say europe's biggest oil company may offer gazprom assets in asia in return shell wants to expand the look of gas plant at the twenty two billion dollars project to wit markets in china. however alexander knows out of metropole doubts the plans will come to anything at least for the time being. on one hand there are good very good perspectives for. point of view of gas for expansion. but at the same time current situation on the global energy market is not so favorable for a you know making new energy plans and current trend the major global energy producers postponing or canceling its new capacities production give us to. projects so basically i don't think the timing for expansion of oil and you plan is certainly. is the best time right now. to go straight to the stock market first of all to opening picture in the united states the open opens a softly positive us instead be

welcome to business good to have you with me gazprom has warned that europe's new common energy policy could hurt russia europe third energy package due to come into force in march aims to boast competition by separating gas production from pipeline management it would prevent one company from controlling the whole supply chain gazprom c.e.o. alex a miller says the plan would hurt russian gas supplies and discourage investment and pipelines at a meeting with analysts will also spoke against gas problems telling more gas to europe at prices set by the spot market analysts for. treating be higher than fifteen percent on the european market because gas is not a traditional exchange commodity like oil gas cannot become a readily exchange commodity like pool because of its physical characteristics. he had access planning to place an initial public offering worth up to one billion dollars this summer russia's leaving internet search engine has hired deutsche bank and morgan stanley as underwriters for the i.p.o. balance of trade on the nasdaq stock exchange a search engines offering could be

our business update good to have you with us and here's our top story this hour russian gas giant gazprom is rejecting a request from german utility. that its russian gas purchases be linked to the spot market price long term gas supply contracts between gazprom and european customers are linked to the price of oil that formula has attracted increasing criticism from europe as a price of oil has rallied strongly guess from c.e.o. aleksey miller explains why gas can be traded like oil. is. the share of sport trading behind them fifteen percent on the european gunsmoke it's because gas is not to traditional exchange commodities like oil couldn't become a really exchange commodity like oil because of its physical characteristics. and staying with gas than the book of project europe's answer to russia's back north and south stream gas pipeline project has doubled in cost after a recent revaluation the proposed three thousand two hundred kilometer pipeline which the e.u. hopes will help reduce dependency on russia by transporting gas from b.p.'s new twenty billion dollar project in the caspian

last year, several companies were joined by investors from gazprom, bp, and royal dutch shell. their contracts may be at risk. but it will still have the biggest impact on italy. >> they can no longer count on libya for the time being for oil and natural gas deliveries. in addition, the libyan central bank which holds a significant share of italy's largest bank credit has pretty much gone missing. >> mr. sarkozy is also keen for sanctions on the gaddafi family, saying they are involved in major construction projects. his brother, an heir apparent, it is alleged to have financial interests in oil. leaders elsewhere in the region are rushing to secure their positions. in saudi arabia, the kaine gave out billions in handouts to prevent further problems -- the king gave out billions in handouts. >>> this is out "bbc world news." the crisis in libya grows increasingly volatile. the reports up to 600 dead and the army being used against its own people. a mass evacuation of libyan nationals and tens of thousands of foreigners tried to flee the chaos. >>> let's stay with libya. earlier

and russia's gazprom strikes an asset swap deal with its means joining in around twenty minutes time to find out more on that and other business news. global news around the clock this is nazi one inspired by the toppling of autocratic leaders in egypt and tunisia protests are gaining momentum in the middle east and north africa on the seventh day of demonstrations across yemen police are trying to aquash rallies that call for the country's president to step down for an hour these are our exclusive pictures from the streets of the capital sanaa a day earlier two people were killed in clashes in the southern aden and in libya where activists have called for a day of anger is the latest to see no violence on the streets the website opposing longtime leader moammar gadhafi claims for protesters being killed by government forces and in bahrain security forces have dispersed thousands of rioters demanding reform.

gazprom is set to join the elephant oil field in libya in an acid swap deal with the tally an energy company any the one hundred sixty three million dollars deal is expected to be signed during an official visit of russian brother me to medvedev it's only on wednesday among other topics for discussion and the potential to dissipate is the potential participation of any end they'll in russia's high tech hub of school cover and also stream project which is to carry fifty billion cubic tonnes of gas from russia to sudden europe across the black sea . meanwhile russia could quit the jubilance oil pipeline project that bypasses turkey's bosphorus straits according to russian media the partners from the russian side that strands never crossed nafta and gastronomy eft are about to officially end their financing of the project now this would effectively kill off the whole idea that russia bulgaria and greece agreed to three years ago and that's to build almost free hundred kilometers of an oil pipeline to export crude to european clients however transnet has denied this information saying ru

alliance sources close to the goetia asian side on bloomberg say europe's biggest oil company may offer gazprom assets in asia and return to shell wants to expand the liquefied gas part of the twenty six twenty two billion dollars project to one market in china and india shall we also gain access to new offshore fields to supply the. bond currently show host twenty seven percent and gas from fifty percent of salary to which now calls for five percent of global production of energy. now it's been the worst start to the year for precious metals for two decades but analysts say there's still reasons to be bullish even bank of switzerland says the dust will demand for silver could be the strongest since the ninety's the bank also expects hedge funds to continue buying gold on the world central bank will add to that bullion reserves for the third year in a row to mccutcheon from a vocal gold was a gold bull at the end of last year says he still positive. the thing about gold this very hard to put your thumb on is that it's really not a commodity it's money it's basically a medium a transaction in th

stronger losses in the beginning of the sessions down just by a notch at the close bucking the trend was gazprom up two point two six percent and b.c.b. managed to gain a few positions after falling four and a half percent the previous ish. russian by a factor i draw like machines and system has raised three hundred sixteen million dollars after cutting the price and size of its i.p.o. in london initially the company planned to forty seven million shares but only forty three million were sold and at a fifteen percent discount to be original range of nine to twelve dollars a share. russian shareholders have to deny they are in talks to sell their stake you may have been a partner in the consortium but owns half of russia's furred biggest oil producer says no negotiations are taking place the partners have objected strongly to b.p.'s proposed asset swap an arctic exploration do with russia's biggest oil producer ross and if they say that deal compromises the end k.b.p.s. competitiveness and goes against that of their own markets there's been speculation rosneft could buy out the partners to clear

it was losing something like two and a half percent but now it's down just will point one percent gazprom is up two and bt b. is managing some one point one four percent recovery after falling sharply through two previous sessions. in other news russian companies hydraulic machines and systems has raised three hundred sixty million dollars after cutting the price and size of its i.p.o. in london initially the planned offer was for forty seven million shares but only forty three million were sold and as a fifteen percent discount. russian shareholders of b.p. deny they are in talks to sell their stakes to anyone in the part in the consortium that owns half of russia's first biggest oil producer says no negotiations are taking place at the moment partners have objected strongly to b.p.'s proposed asset swap an arctic exploration deal with russia's biggest oil producer was left they say that deal compromises to competitiveness and goes against the terms of their alliance there's been speculation was could buy out the partners to clear the way for the deal with b.p. . as i mentioned earlier w

dollars a barrel while brant blend has grown to roughly one hundred ten dollars per barrel on monday gazprom c.e.o. alex a miller said the turmoil showed how reliable russia was an energy partner earlier i spoke to. the chicago board of trade and i asked him how he assessed the risks to energy supplies from the middle east when we're talking about certain situations libya for example we have about three percent of the world oil supply that's being taken off and disrupted but i think that when we make comparisons we have to be very careful not to group all the arab nations for example into one pile i think the situation in saudi arabia is going to be much different than it is in libya where we had an oppressive regime in saudi arabia it's a difference between the rich and the ultra rich as opposed to the rich and the poor which are the divisions politically that we're seeing a lot of these price movements are temporary but we are looking at a situation where we are looking at globally in facial inflation being driven by demand that global growth story is still very much intact but it's being

and gazprom expects export revenues this year to top the pre-crisis wreckage has natural gas prices increased sound the demand for the fuel recovers throughout europe the company said the total exports revenue could exceed seventy two billion dollars this year which is two and a hope billion more than into two thousand and eight fresh gas giant plans to boost its exports to europe this here expecting european gas prices to rise fifteen percent gas from also said it has a religious shipping ahead of schedule. and that wraps up the business bulletin to get more stories from our website archie dot com slash business. this is true. he still keeps it secrets but now it's time to reveal that the soviet files nikita krushchev life right on are too. hungry for the full story we've got it first hand the biggest issues get a human voice face to face with the news makers. here with r.t. life are the headlines now in lithuania a politician is facing up to two years in jail for denying the official state line i'll get to the pilot his claims that local authorities were responsible for the deaths of fourte

bosphorus straits according to russian media russian partners comprising of trance nafta was left to gazprom that are about to officially end their financing of the project however trance they have to deny this information saying russia doesn't intend to redirect oil deliveries to other pipelines but analysts doubt the economic value of the whole project. together with the completed one pipeline and together with the plan to be completed next year to pipeline i think currently. russia has enough expert capacity is probably distribution i mean geographical distribution overall is not so diversified as russia potentially may want or potentially many i don't think that. construction of some. extra additional pipelines. is justified economically. just from expects export revenues this year to top the pre-crisis record as natural gas prices increase and the demand for the fuel recovers for out your company said the total export revenue could exceed seventy two billion dollars this year which is two and a half billion more than in two thousand and eight. to boost its exports to europe this year ex

cluster since the 1980's when he first put up for less of the alpha considered his resort at the nearby gazprom complex scott has constructed six modern lines including one evenin gondola one six person chair lift two for chair lifts and today sixty books newest additions are at rosa khutor the olympic steel where scott was behind three hundred person gondolas and one six man chair lift in addition scott i will help build with the website claims will be the longest try cable people mover in the world to take skiers and eventually olympic spectators from the future train station. to the complex. right outside of los. gatos all season option if you want to hone your skier snowboard skills before the trip down to sochi. maybe a beginner but the show offs were still making me nervous about my first ever snowboard attempts scotto as list solution for the concave curved enclosed complex was impressive but already the least of my worries as natasha tried to get me started down the slope sliding cautiously i wasn't the fastest learner and despite helpful coaching i was starting to wish for more familia

gazprom has poses a third quarter net profit of five point four billion dollars down nine percent from the previous year the figure where and line with analyst expectations russia's biggest company attributed the decline to long term debt interest payments and a decrease in demand from supplies around a quarter of europe's gas needs its market share has dropped in the last two years due to inflow of alternative energy sources. let's look at the markets now european stock markets a lower led by heavyweight banking stocks shares of pretty sweet spell two point six percent off the back reported a six percent rise in full quarter net profit fell short of full costs other banks are also down the ages b.c. forming a one in a healthy percent and lloyds banking group shedding point nine percent shares of air space for a rolls royce group slipped one percent up to posting at seventy six percent in two thousand and ten net profit. and russian stocks declined for a third day investors are shifting their assets out of developing countries concerned that inflation will hurt growth in emerging marke

one hundred five dollars the spread virally get some support for the energy majors as you can see gazprom leading the pack up over one percent this hour to talk will stepped in with boyle are also making headway on one percent. russia stage a diamond mine of letting to increase production by fifteen percent in the next seventy years the company which might hold an initial public offering this year plans to produce and every just such as six point eight million carats of diamonds annually and aims to generate thirty five billion dollars from diamond sales by twenty eighteen meanwhile a rival de beers is expected to win back the title of the world's largest diamond producer in current terms in twenty eleven as a targets production of some thirty eight million. you're up to date now you can get more stories from website are two dot com slash business. did stress do you trisha and this is products on the price of healthy eating. we need to test these foods for toxicity allergenicity immune response lower nutrition in for environmental contamination don't you feel like a lab brought some consi

and the russian markets closed down on the day energy shares retreated with gazprom shedding less than three quarter of a percent oil closed up over a quarter percent as ross shed one and a quarter percent the rising leader of the us come on the company gained almost three and a half percent during the day and news that the dialogue may sell more than ten percent. and money and analysts believe that emerging markets are fast becoming the new drivers of global economic growth but russia now appear global equity market strategist says this is just. bubbles are a product of a couple of misallocation of what a bubble is so worried we see the funny nations for capital misallocation to be an emerging world one of the discussion because it is about why nobody in russia can get a real return in their deposits was responding to below inflation so that encourage people to get the money out of the puzzle and do all the things this is actually the norm in the emerging world is because never argue markets won't. develop their own monetary policy you're still tied to the strings of last thinking the

then go ahead there's them they tell us if you own gas you shouldn't own the transport system but gazprom together with its european partners has built a pipeline under the baltic sea they tell us to let a third partner into it but how can we do this we extract the gas in russia together and then we transport it through our joint property but where will the third part get gas they tell us to sell the gas at the european border and then you'll get the third partner who will become the owner of the gas but if he buys it he'll have to get his profits from this business so immediately the price will go up. and some oil and gas analysts believe the third. way to have a way in favor european interests. you will get an edge if it's accepted russia will most likely lose some control over the market now it turns out the russia will have to become a supplier of resources or the europeans will have the flexibility to choose a supplier means of transportation and prices of course this is a disadvantage. because deal to jointly develop reach arctic oilfields may finally get the green light on friday t

lukoil however recovered from the losses and was almost full lots at the end of the day gazprom shares gained more than two percent having to be managed to recover some of these massive losses that it's up from on tuesday adamant that. we see russian stocks declining slightly and while. we've all price and correlates with we will produce this is most likely to think through stocks or what a structure for whatever i think that's a. flames are going to be played by investors first is the food inflation real rates are deeply in there could see a future of inflation percent which is expected for this year and the market is expected to through strengthening its. exporters but it's been to some domestic the mystic. russian shareholders of t. and k. b.p. deny they are in talks to sell their stake to anyone because friedman a part in the consortium of russia's third biggest oil producer says no negotiations are taking place the brothers have objected strongly to b.p.'s proposed asset swap an arctic exploration deal with russia's biggest oil producer ross and they say that the compromise is to

gazprom expects export revenues this year to top the pre-crisis record as natural gas prices increase and the demand for fuel recovers route europe pick up but he said the total export revenue could exceed seventy two billion dollars this year which is two and a half billion more than in two thousand and eight russia's gas giant plans to boost its exports to europe this year expecting gas prices to rise fifteen percent from those who said it is already shipping ahead of schedule meanwhile ukraine's natural gas is the price it pays for one thousand cubic meters of russian gas will go up to two hundred eighteen dollars in the second quarter of twenty one. retail diesel prices in russia have fallen by two point four percent in a week with aviation fuel dropping in price this came after russian prime minister vladimir putin criticize all companies for justifiably high prices the prices for diesel and aviation fuel in russia rose by fifty and thirty five percent respectively over the past wants. in russia indices of the stock markets are rising this hour investors are continuing to trade c

could sell off its oil related assets worth over one point two billion dollars as soon as this year gazprom was down two percent on the biggest losers despite securing the assets will deal with any polymath sell was up at the close as the price of gold reached thirteen hundred eighty three dollars per ounce nathan's capital says the ongoing tension in the middle east continues to shake the markets. g.d.p. number that came up. was. four point three percent blue from december versus december two thousand and. eight so people are very nervous you know there is. inflation is eating into. real disposable income declining almost being the pre-crisis levels but the real terms. because of. inflation in january. and standard and poor's has raised its long term corporate credit rating the russian giant wimble down from the minus to be plus the upgrade follows pepsico its acquisition of a sixty six percent stake in wimbledon for three point eight. dolans this brought the soft total ownership in the russian company to seventy seven percent it's also expected the pepsi co will offer to acquire the remai

could sell off its oil related assets worth over one point two billion dollars as soon as this year gazprom is down two percent of the closest point securing this asset swap deal with any that we've been telling you about the past two days polymaths it was up at the close as the price of gold reached thirteen hundred eighty three dollars per troy ounce braces capital says the ongoing tension in the middle east continues to shake the markets. g.d.p. number that came up. was. four point three percent blue from december versus december two thousand and nine and i think that's all right so people are very nervous you know there is. inflation is eating into we have real disposable income declining almost be in the pre-crisis levels but the real terms because of the. inflation in. standard and poor's is raised it's a long term corporate credit rating for russia's dairy giant wimble down from the miners to be plus the upgrade follows pepsi co's acquisition of a sixty six percent stake in wimbledon or three point eight billion dollars which. all the soft drink joints total ownership an awesome comp

china over fourteen and she will be bringing us more throughout the day have russia's gas giant gazprom has to boost its natural gas exports to the u.s. by fifty percent in twenty eleven that's according to the head of gaspar marketing and trading usa the increase would see the company exports more the nine hundred million cubic metres annually from has been selling gas in the us market since two thousand and nine and success from the shipped six hundred. million cubic meters in the second home of last year the u.s. imports of seventeen been tons of gas annually but russian companies have found it difficult to break it. into the market. now time to have a look at the markets go to europe where footsie down the decks are inching lower this solid the mining sector is mixed anglo-american is two and a half percent lower that's despite the company's profit jumping ninety three percent on the high metal prices be a nice systems is extending losses from the previous session but it warns it's cautious about lower defense spending in twenty eleven. and here in russia the mindsets and there are

inflation the will hurt growth in emerging markets energy majors and banks where the main drag in russia gazprom never was dropping just under two and a half percent at the close investors were worried that the refinery would suffer most of the monopoly was forced fuel prices lower drugmaker protagoras down over around three percent at the close despite reporting twenty thousand revenue rising nine point one percent. this is not been the best of the week for russia and again i think it will turn out to be having been one of the worst performing emerging markets story here which is to one of the best performer markets so far this year it's essentially profits when you when you when you made some so i think what we're looking at is profit taking having basically been on the forefront for this week. french girl make a run i was a lost twenty one million euros from the bulls and with russia's make up of us last year rhino adds it expects along with its allies by the need to acquire children stake enough to buy the. lesson for me i'll be back in one hour's time with more stay with us.