right time for a business update a very warm welcome russian energy giant gazprom is losing european consumers area has fought creation and significantly reduced gas imports from russia and the country aims to replace the gap with its own gas and alternative supplies turned on stern from the also it institute for energy studies believes the company may lose even more if its price sponsor remains unchanged. what gazprom needs to decide is does it want to sell a smaller amount of gas at a high price or more gas at a low price and the answer at the moment is he wants to hold the price relative to all and sell less gas and that's that's fine that's a policy but that he's not going to get gas a more important role in europe in fact it's probably going to reduce gas israel you could i mean that is a that is a sovereign choice for russia and a commercial choice for gazprom what i would say is where does gazprom see its european market in fifteen twenty years time doesn't see it still selling the same amount of gas as it does today in which case fine continue the way you go on the other hand

what gazprom needs to decide is does it want to sell a smaller amount of gas at a high price or more gas at a low price and the answer at the moment is he wants to hold the price relative to all and sell less gas and that's just fine that's ok policy but that is not going to get gas a more important role in europe in fact it's probably going to reduce gas israel in europe i mean that is a that is a sovereign choice for russia and a commercial choice for gazprom what i would say is where does gas prom see its european market in fifteen twenty years time doesn't see itself selling the same amount of gas as it does today in which case fine continue the way you go on the other hand if you want to sell more gas then i think you will have to adjust its pricing policy. russian gas giant gazprom will march its electricity generating business with another russian energy major i.e.s. holding by the euro and the joint company will become the country's biggest power producer with an estimated value of about seven billion dollars the mortgage companies are also considering an initial public offer

question the russian energy companies which are gazprom gasper of near to grasp from gaza and gas from whatever. russian energy companies they are complaining that they have a lot of barriers in the european union. the barriers there are not letting them access the markets is it true and is the e.u. really to compromise on that but what if i don't think that is exact or correct i think that. precisely i know that this third package which is the last legislation that the e.u. has passed on the energy market has elements of on aid that are not of the liking of russia. and the russian companies but is strong in the half of the reasons we have are all reasons but i think one one aspect is normally underestimated the third package geese precisely the right to foreign companies including the russian companies to accede to the e.u. market i think this is more than we can save your way around so i think that even if the third package is true that introduces some measures these measures are not meant for russian companies they are meant for all the companies they are also meant for evil compani

up two percent of the close and leave it done up from gazprom back rubs of the day to be worked out all important results more probably progress with record growth that. bank of america merrill lynch growth and what results which were actually look really great reward moral worth and why with patience especially merrill lynch global such as metal visions but never the worse it was more pressure for the market. neutral and basically. more that's it for now join my colleague mary in the course or she'll be here ten twenty am moscow time with a fresh wednesday update. all . the. hungry for the full scoop we've got in first hand the biggest issues get the human voice face to face with the news makers on our t.v. . wealthy british style. that's not the type of. market finance come to. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune into cars a report on our cheek. if. russia would be so much brighter if you knew about someone from financed impressions. who for instance on t.v. don't come. to india cau

germany's decision to shut its nuclear stations has opened opportunities for the likes of process gazprom because john is hoping to tie up some deals here in hanover which really sees the german market as a stepping stone to the rest of the european union germany in turn seize opportunities in russia or in particular the vast program of russia's infrastructure no boy. better given the problems in the rest of the eurozone and there are concerns that the european market may not be providing germany with the same opportunities as before nevertheless president medvedev says he's cautiously optimistic about the future of the eurozone he would like to see more. come to the fore there is a particular friendship between angular merkel to meet from it better perhaps two of the closest partners on the wall stage and that was very much present here in the talks today president medvedev has been quiz several times about his election opportunities and today he said he would be making all of the very shortly. have said they shared common views on the whole middle east situation of course both countries

up two percent of the close and they were down a from gazprom bank wraps up today's trade. were a couple of important results most importantly for the full circuit or goldman sachs. bank of america merrill lynch and the president what results which were action was really great for what you're worth more or less and why and with patience especially merrill lynch almost a little your solution but never the worse it was more pressure so the market reacted great news for all that and where they agree if there's one person. high tech project scorpio voice continued to attract new companies russia's arts it's a silicon valley has revealed a further thirteen signing up projects chief operating officer says investment is coming from both big and small plates and on one level we've already attracted commitments from for example cisco over one billion dollars to invest in chicago on a smaller level one of the big pharma we've also attracted forty million dollars to invest in venture funds pause a hundred million dollars to invest in setting up an r. and d. center for clinical trials

and tell business story russia's gazprom is looking for pay before pumping gas to china both parties are trying to agree on you thirty year supply contract accounting price details coming up in our business bulletin and twenty minutes time. and the last ever launch of atlantis marks the end of the u.s. space shuttle program and the end of an era leaving tens of thousands potentially without work we'll bring you live pictures of the launch when it happens. five pm in moscow good to have you with us here on our t.v. our top story of a million strong march is expected to happen. in egypt as thousands gather in cairo's tahrir square demanding a faster pace of reforms the aim is to keep pressure on the country's military rulers who have been in power since hosni mubarak was ousted as president in february artes and he's in our way reports from the square. the protesters say they're going to keep fighting to the end of the way it all played out of course back in the winter was that some eight hundred people ended up getting killed and some seven thousand injured nationwide and really they

actually caught up in the global rally two percent of the clothes they brought down the from gazprom bank wraps up the day straight. to be a couple of very important results mostly probably for the national sector goldman sachs and bank of america merrill lynch in the pacific what results which will actually look really great for what they're worth more or less and why with patients especially merrill lynch global socialism to the local officials but nevertheless that was what frederic so the market reacted quite unusual on that and basically the if there is with this high tech project skolkovo is continuing to attract new companies russia's answer to silicon valley has revealed a further thirteen signing up for g c four pricing offices says investment is coming from both big and small plates. on one level we've already attracted commitments from for example cisco of one billion dollars to invest in chicago on a smaller level one of the big pharma we've also attracted forty million dollars to invest in venture funds plus one hundred million dollars to invest in setting up an r. and d

gazprom is to join its building and operating gas and power plants in and outside germany. more details are expected in the next few months. >> the end of an era in many ways. a german media mogul has died at the age of 84, ending his spectacular rise and fall. he built an empire, only to see it crumble. he was an old fashioned wheeler dealer. he was also the modest son of a wine maker, a devout catholic who tended to avoid the glittering media world. >> these images of his 75th birthday are a rare private glimpse of the magnet. he tended to avoid cameras, having often found himself embroiled in controversy. >> i think you all for coming, my friends. if my enemies were here, we would need a lot more space. >> making enemies was part of the price he paid for his ambition. this was the heart of his media empire. he built the largest film library outside the united states. it all started with one film. in 1956, he bought the rights to "la strada." he went on to make a fortune licensing american films to german television. when germany opened up television in the 80's, he helpe

to fleece gazprom willing to budge on the issue of prices. what happens here sometimes is a sort of misinterpretation but if people think that selling the remaining fifty percent of the bill trance gas that they were you know wanted to be able to domestic prices or at least to get a special price screens prince in reality there this is our principled position that we have made this decision incidentally this was a russia's initiative not ours. also what we are saying is that we need a clear pricing formula for natural gas for a longer term. how do you determine the promise that we think that at the end of the day we should arrive at profitability for. we realize of course that this can't happen overnight which we all i mean both belarus and russia we all should know that say in three years all prices will be at the same level so spicy with thank you very much for being with us. my guest on the show today was. the prime minister. and that's it for now from all of us here spotlight will be back with more. of what's going on. outside of russia a

going attempting carries in front of north korea to scrap its nuclear ambitions that's good news as gazprom is preparing a plan to start gas and the reason the country if the country shuts down its nuclear program they only points out north korea could need ten billion cubic meters of gas annually and the two countries may build a new pipeline however gazprom has no spare capacities at the moment such a deal could be concluded no sooner than and twenty sixteen. signal to the markets this crude is climbing up for a fourth day versus hope for growing demand optimism in europe and the u.s. will deal with the debt situations also the international energy agency says it won't extend the release of oil supplies european stocks are trading strongly in the back supported by the greek deal the new bailout should help the countries that supply by a six leaders of the e.u. empowered their four hundred billion euro rescue fund to buy that of stressed euro nations that's intended to prevent the crisis from spreading to other members he also made detailed provisions for limiting the damage if the credit

cubic meters of gas annually and the two countries may build a new pipeline however analysts say gazprom has no spare capacity at the moment and such a deal could be completed no sooner than when the. headlines are next to nothing. thanks.

the wake of the fukushima accident in japan i'm not opens opportunities for the likes of russia's gazprom the gas joined here in hanover expects to sign some deals which will allow it to tap the german market really as a stepping stone to the european market while she also hopes for help from joining the world trade organization in return germany hopes to sign some big contracts in the vaults. program announced by preacher medvedev of course germany is facing problems here merkel is coming in for criticism for potentially bailing out the failing economies of greece and oil and the news that says the crisis may be spreading to countries like italy and spain is giving a lot of course a concern for people here in germany russia hopes that germany can help to bring nato around so the view that the missile defense system in europe should be a joint one which which helps both sides in any case should not really be told get it out russia moscow is concerned that the system could be used to tall get russia and he wants guarantees from nato but that won't be the case on libya both russia and germa

gazprom may become a key investor in germany's second largest energy firm r. w. e. spiegel magazine says the investment could amount to fourteen billion dollars added he is facing hard times after the german government decided to exit nuclear power within a decade i don't like power has been its main business and now the firm is looking to invest in other sources of energy clued in gas and other years developing a multi-billion euro investment plan to build renewable energy stations. let's now move to the markets oil is extending the losses on stronger dollar and there are concerns about the u.s. economic recovery red land it is just below one hundred seventeen dollars per barrel light sweet is down also one dollar forty three cents in one thousand nine hundred seventy seven. u.s. markets are down no worries about the global demand and the recovery of the u.s. economy is leading the way it's a down three and a half percent on expectations of gloomy earnings reports which will come after the closing bell of the u.s. markets will kick off the second quarter results. i

russia's largest company gazprom may become a key investor in germany's second largest energy firm. spiegel magazine says the investment could amount to fourteen billion dollars facing hard times after the german government decided to abandon nuclear power within a decade atomic power has been its main business now the firm is looking to invest in other sources of energy including gas. is developing a multi billion euro investment plan to build renewable energy stations. but you have the markets now an oil is still down that's on the back of a stronger greenback and concerns about the u.s. economic recovery and global demand light sweet is down more than one dollar at just below ninety five dollars per barrel brant is that two hundred seventeen. in the u.s. the markets are heading down further and further with every hour dow jones down one point three percent nasdaq more than two percent alcoa as one of the biggest losers is down two point six percent of the stations of a gloomy earnings report which will come out after the closing bell and we'll be kicking off the second quarter re

cubic meters of gas annually and the two countries may build a new pipeline however analysts say gazprom has no spare capacity at the moment and such a deal could be concluded no sooner than twenty six. headlines on exile to. the . is off our mosque a this is all eve you need is a bring on a second multi-million dollar bailout for greece spong fate is a reunion delving deep into dead the deal clinched the summit in brussels appointed a major u.s. credit agency to say it will downgrade the greek debt to default state tests. that skepticism in serbia is the joining the movement to despise officials hoping the arrest of gordon had it called well. graves road to membership. in the prime suspect is currently all due to the hague. and embattled media mogul rupert murdoch breaks his himself for illegal and financial flights to the u.s. but many americans say the started hacking scandal is merely a symptom of a society the increasingly reflects its people's rights to privacy. next we travel to russia saw the new year old region which produced a magnificent unspoiled line states. mountain ranges

a new core down one point three percent for gazprom there that's on the uncertainty of where the oil will go it's high enough and ready financials like sperm bank was losing point six percent gross telecom is seeing one of its most volatile sessions yes again this month it's a down one percent it's you know you're all over the place pretty much or i will join my colleague martin across russia will be here in one hour's time with a business update. hungry for the full slim we've got it first hand the biggest issues get a human voice face to face with the news makers. first of creaming the old cold a clear cutting. second to explain so charlatans to blast in a deeper than the fears. surface of the remains are removed by machinery and. finally the someone who'd soil is deposited in vallecito. top legal team.

germany's decision to shut its nuclear stations has opened opportunities for the likes of russia's gazprom the gas john is hoping to tie up some deals here in hanover which it really sees the german market as a stepping stone to the rest of the european union germany in turn seize opportunities in russia in particular the vast modernization program of russia's infrastructure and knelt by president michel medvedev and given the problems in the rest of the eurozone in places like portugal greece ireland also potentially spreading to perhaps it's early and spain there are concerns that the european market may not be providing germany with the same opportunities as before nevertheless president medvedev says he's cautiously optimistic about the future of the eurozone he would like to see more currencies come to the fore a subject that he's raised in the past there is a particular friendship between angular merkel to meet from it better perhaps two of the closest partners on the world stage and that was very much present here in the talks today now we've heard that president medvedev has been q

energy shares a mix gazprom up point six percent well was near for example is down one percent versusreally being cautious with whether putting their money in because of the uncertainty on the market. fertilizer producer it would all carli is also due to a correction in the market for the stock russian equities have struggled to continue last week's good performance you've been a good two miles of an hour for capital says all eyes are on whether the u.s. can conjure up a plan to solve the debt situation. but the markets are still waiting for a decision on the u.s. debt deal so we do have all that lawmakers will come to some definite solution because the worst thing we know half of the market is that no one is no one knows what's going to happen on both sides and off all goosed when there was some deadline for the u.s. debt deal. also people are expecting crucial friday data on the u.s. economy with investors expect ten years g.d.p. to advance by one point burst sand but also people expect some slowdown in the consumer spending all in all we're waiting for two issues macro economic dat

nearest time gazprom still looks cheap but while it's hard stalking a hot story for investors. but best it looks quite cheap in comparison to international oil and gas majors headlines are next with brewery on the do stay with us. commission free accreditation free transport charges free. range month free risk free. to try free. download free blog cancer plug in video for your media projects for free media and dog hearty dot com. we'll. bring you the latest in science and technology from around flushing. we've got the future covered. stores the international atomic agency chief first visit. consequences. four months since i devastating earthquake and tsunami. president obama appeals to the public to pressure congress into a compromise over its debt ceiling just a week before the u.s. could potentially pull the. north korean diplomats. for the first time in two years and agree. to stay with us here on r.t. . interview queen guitarist and songwriter brian may she caught up with a maestro who also happens to be an astrophysicist after a symposium of astronomers in the canary islan

to fleece gazprom willing to budge on the issue of prices. what happens here sometimes is a sort of misinterpretation additional people think they're delirious is selling the remaining fifty percent of the bill trance gas. but there was an order to be able to russia's domestic crisis only or at least to get a special price screens for prince in reality of this is our principled position that we have made this decision it was incidentally this was russia's initiative not ours. also what we are saying is that we made it clear pricing formula for natural gas for a long return it's not because how do you determine the price you period that we think that at the end of the day when we should arrive at a lethal profits ability for did those does that mean we realize of course that this can't happen overnight is there much we all i mean both belarus and russia we all should know that we've just seen three years all prices will get the same level problem will not so spicy with thank you very much for being with us and just to remind you that my guest

to fleece gazprom willing to budge on the issue of prices. what happens here sometimes is a sort of misinterpretation of issues people think the velour uses selling their remaining fifty percent of the bill trance gods of the world in order to be able to pay the russians domestic crisis or at least to get is special price screens because in reality in the oil this is our principled position that we have made this decision with incidentally this was russia's initiative not ours. also what we are saying is that we need a clear pricing formula for natural gas for a longer term. how do you term. in the process you period we think that at the end of the day when we should arrive at least all the profits ability for you those days to me we're real as a force that this can't happen overnight don't let the new deal which we all i mean both pillars and russia we all should know that we've just seen three years all prices will be at the same level of problem we're not so closely with thank you very much for being with us and just a reminder that my gue

has been running at around five percent since the beginning of the year gazprom may become a key investor in germany's second largest energy are w e spiegel magazine says the investment could amount to fourteen billion dollars out of the east facing hard times after the german government decided to exit nuclear power within a decade but are they going to do it but its main business now the firm is looking to invest in other sources of energy including gas hardly is developing a multi-billion euro investment plan to build renewable energy stations. most of the markets now and world is still way down this is on a stronger dollar and concerns about the u.s. economic recovery in global demand therefore brant blend is down as recovered slightly one hundred seventeen and a half dollars per barrel light sweet at just below ninety five. u.s. markets also down though this is of course on worries about the debt problems in europe alcoa is among the biggest news this is down two point six percent on expectations of a gloomy earnings report which will kick off the second quarter results season that r

on the rise held by gains in the oil price gazprom is adding almost one percent of us is also waiting for now coming talks in germany. up one point seven percent as it's agreed to acquire energy assets in brazil and that could boost its reserves spike bring home percent financials were grabbing the global rally by the horns p.t.b. up more than two percent and leave out data from gasper bank wraps up today's trip . to be a couple of important results mostly from the point of full sector goldman sachs and bank of america merrill lynch in the us to think what results which would actually look really great for one or more western was patience especially marilyn trauma such as we do what we usually but never the worse that was work so the market reacted neutral on that and basically. this is us it will be back in fifteen minutes time with. you. 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 on our team. in the. discovery. communicate with you want to. test yourself and become free. nature can give you. in india in th

for its future energy deliveries its newspaper says it could make up to forty billion dollars with gazprom offering a discount in exchange but is being seen as another obstacle in the long running energy talks both parties are trying to agree a u. thirty year supply contract. on parts. that's a look at the markets now your stocks are shall be low at the opening after the government said businesses added fewer jobs in june and over a year the unemployment rate rose to nine hundred ten percent of course created only eight hundred thousand jobs last month a fraction of what economists expected banking stocks all topping loses list on the dow this hour j.p. morgan chase and bank of america are both down more and i have to say that the european indices are lower the puts in the dax are holding the red shares of utility are to meet e.g. tumbled four percent after a report that sometimes trends that the company may discuss the shell sale in august meeting company spokesman declined to comment banks are also on the downside shares of commerzbank fell one and a half percent those are back is down o

gazprom may become a key investor in germany's second largest energy w.e.e.e. spiegel magazine says the investment could amount to fourteen billion dollars now that we facing hard times after the german government decided to abandon nuclear power within a decade tomic power has been its main business now the firm is looking to invest in other sources of energy gas r.w. use developing a multi-billion your investment plan to build renewable energy stations. to move to the markets an oil is continuing its decline on a stronger dollar and concerns about the u.s. economic recovery as the second quarter of reports is actually coming up we'll talk about that in a second but at ninety four dollars a barrel this brant is that one hundred fifteen and a half. so the u.s. markets kicked off on a negative note so the dow jones down more than one percent nasdaq almost two percent alcoa is leading the way among the losers is down three and a half percent on expectations over the lummi earnings report which will come after the closing bell of the u.s. markets and we'll kick of

i don't want them to business here nazi russia's gazprom has an els that will merge a select electricity generating business with another national energy major as holding by the end of the year and your own company could control twenty five percent of the country's generating capacity and would be worth around fifteen billion dollars and we know of a group controlling the i asked holding a hold a blocking stake in the combined utility and gasp on the whole the rest of the companies say they may sell shares of the new giant through an i.p.o. david hearn from investment consultancy helicon advisors explains the payoffs for the parties involved. for gas from clearly it's a way to expand to leverage off of the team that they've spent some time building up or read over it's a way to basically start messing around with these assets dealing with help original company use anywhere in the world is complicated and it's even more complicated here for them it's probably a good a good deal better it's a way to to stop operationally having to deal with all the hassle and retain the upside broadly spea

russian giant gazprom is looking to find ways. they want to have as many sectors as possible. >> both leaders were asked about their current assessment of the debt crisis in the euro zone. our correspondent melinda crain gave us the latest on chancellor merkel's viewpoint. >> angela merkel warned that people should not be expecting one big, spectacular solution. this is a long, ongoing process. it is a matter of small steps. we have to make sure that greece becomes competitive again, that it gets its debt down, and that will not be achieved with one big, spectacular step. president medvedev also had some words to say on the euro. he says he is cautiously optimistic that it will pull through. he says it is an extortion attempt, said nations have never tried before, and it is wishing europe bloc -- he said it is an extraordinary attempts, such that nations have never tried before, and he is pushing europe luck. >> some clouds on the horizon. a closely watched survey said dennis analysts and institutional investors are in anticipatin

nuclear stations in the light of the fukushima accident in japan gives an opportunity to russia's gazprom which is hoping to tie up big deals here in hanover gas from really seeing germany as a stepping stone to the whole e.u. market there also hopes to be progress on russia's session bid finally to the world trade organization and germany in turn hopes to tap into the balls to mobilize asian program of russia by dmitry medvedev with the tying up various big contracts we also know that there are problems with the economy throughout the european union which really makes germany look to the east for new deals the greek and portuguese crises which have seen i'm going to merkel facing a lot of criticism here in germany for potentially having to bailout those countries especially in the light of the news that the crisis may be spreading to italy and spain germany is the european union's biggest creditor that means it gives more money to the european union than anyone else so there are fears that germany will have to foot the bill russia hopes germany comparing nato realm to the points of view

on wall street have a look at the index movers on the my six energy stocks were on the rise with gazprom adding almost two percent banking stocks were also training in the positive territory. bank was up around one percent and tom continued to rally on speculation it could be completely sold to private investors. while russian markets are yet to price in the greek deal ron nash from verdun capital expects the stocks to join the global rally. going to be digesting yesterday's announcement it looks like it's good news to the governments of managed to find some reason be credible solution at least temporarily. feel as if they would not be able to do that so i think it's going to be a risk. before hopefully in coming weeks we can move to a situation where people actually look at russia for russia reasons rather than what's going on in europe but you know temporarily at least it looks like good news . well it's all the business news for me for now you can find out more about logging on to our website which is r t dot com slash business and i'll see in an hour with more of the h.d. with our te

myself mr blue chips in the red with financial suffering the most bank is losing ground half a percent gazprom also around half a percent on a week of crude enormous nickel sparing better than the others on speculation about a buyback of its shares from a market. that was in the euro zone have tamed investor appetite for risk pushing the russian currency to fresh lows ruble has lost a third of a percent against the dollar which is considered to be a safe haven asset monday's session so it's the biggest decline in seven weeks the greenback is now worth over twenty eight rubles. prime minister person has given his approval to the potential creation of a new ratings agency the idea comes after recent downgrades by existing agencies have caused turmoil on many markets now. committee bank says the new agency wouldn't necessarily easy situation unless it's implemented properly many concerns have been voiced until now about the situation and what can be done now one obvious answer is this here somebody else to compete with it is an easy answer both of course for. that they will simply kill the patien

let's have a look gavia index movers on the my six energy stocks were on the rise with gazprom adding almost two for sam banking stocks were also trading in the positive territory for bank was up around one percent. and ross telecom continued to rally on speculation and to be completely sold to private investors well the russian markets are yet to price and agreed deal and draw a national capital expects the stocks to join the global rare rally. well you know mark is going to be digesting yesterday's announcement but it looks like it's good news that the euro zone governments of managed to find song reasonably credible solutions to clear the problem at least temporarily out of the market and trading down because all the fear that they would not be able to do that so now i think it's going to be risk on and russia will will perform hopefully in coming weeks we can move back to a situation where people actually look at russia for russia reasons rather than what's going on and europe. but you know for temporarily at least it looks like good news. plus all the business news for now for mo

wall street are to have a look at the index movers on the my six energy stocks were on the rise with gazprom adding almost two percent banking stocks were also training in the positive territory for bankers off around one percent and ross telecom continue to rally on speculation if you'll be completely sold to private investors. well or asian markets are yet to price in the greek deal brawn nash from virgin capital expects the stocks to join the global rally. well you know it's going to be digesting yesterday's announcement but it looks like it's good news the years our governments have managed to find some reason to be credible solution to the problem at least temporarily. because of the fear that they would not be able to do that so now i think it's going to be a risk on russia will will perform hopefully in coming weeks we can move back to a situation where people actually look at russia for russia reasons rather than what's going on in europe. but you know if it's temporary at least it looks like good news. well it's all the business news for me for now you can find out more about loggin