now there's a lot of talk about gazprom really needing the money and not investing enough into production what do you have to stand that. gasper. it's more of a tactical game between gas from the government and specifically minister of finance because if you look at nationals from these generating positive cash flow gets from it's not very high leverage so if it is required to spend more cash on the cap ex with all additional revenue sources it's called afford it it's more of. it's more of the strategy going forward long term strategy and finding your sources of gas but i wouldn't agree that you know gas promised and it cannot afford higher taxes actually now gazprom also plans to raise domestic prices by fifteen percent starting in june and that it was pushing for an additional twenty six percent price hike later in the year but the government is currently blocking that how's that going to be resolved in your opinion well i will basically is this something is there the russian domestic prices should be growing further that's a consensus between the key stakeholders the key question the r

next parent company gazprom is considering buying a greek energy company de pot and which owns thirtyive percent. and now onto the asian markets now in hong kong the hang sang it remains closed all the holidays on monday using friday's closing figures but in tokyo the nikkei is shedding value that's nearly all on just some global concerns of concerns about global economic recovery and of course last week it's saw some of the biggest weekly losses in about eight months so not much to celebrate there in the united states were the markets were closed on friday we saw some employment figures that were very disappointing and monday will be the first opportunity for the traders to react to that so will really see what's going on there. in the u.s. futures on friday pointed to a potential sell off so we'll definitely keep you posted on how the situation develops and also the states is entering the earnings season so that's also something to watch and now into currencies the dollar is three thing against the euro and the russian move goal on monday is weakening against both the euro and the g

nets parent company gazprom is considering buying a greek energy company in which hellenic owns thirtyive percent now back to the equity markets the united states was closed on friday but it did report some very disappointing statistics about the u. was jobs market and in fact monday will be the first opportunity for the traders to react to that and friday's u.s. futures pointed to up. it's a bold selloff so we'll definitely see how the situation raul's and we'll bring you all the way this throughout the day and now also the u.s. is entering the earnings season also something to watch i want you to currencies the dollar strengthening against the euro and the russian currency the ruble is losing value against both the euro and the greenback and finally the oil markets oil is shedding value both that of u.t.i. and brands is down as you can see there. and that's all the latest from the business desk i mean i'll be back in about fifteen minutes i'll see about sounds great in the house thanks very much for this day and up next here on r t our update here on of the headlines just in a few mi

shares fell on the news gazprom also ended down the u.s. demand for its shares is growing talk investment on american fans says it brought another one hundred seventy million dollars of gazprom stock in the first quarter fertilise a major cross posted record no profit for twenty eleven credit to the north of broad exchange rates and the euro's down on the dollar for the third for spain's bond sale tomorrow as euro traders worried of more bad news the ruble will have a fully free float in two years as the bank of russia in other words the government won't regularly intervene to keep the ruble exchange rate in a fixed current or crude is now a dollar down for the day but the i.m.f. says prices will jump ten percent this year on growing demand and supply disruptions from the likes of iran and london said to see just the second since the summer own properties owns offices in moscow and is reportedly looking to raise about home a billion dollars brochure is expected to start in may and you want to build more stories on the web site dot com busin

well a new force emerging in the world of sailing russian gas giant gazprom is bankrolling a european your and cray and they're already making waves in the sporting events of course now reports. emirates new zealand a lengthy switzerland stars and stripes one does not need to dig too deep to see which part of the world got to celebrate their boat success of the america's cup and other competitions but a whole continent of sailing fans have had a reason to join together and celebrations lately they watched as the estimate europa boat crossed the finish line first in numerous competitions while representing the entire european union the team is really an all star crew of renowned sailors skipper by two time america's cup in three time olympic champion villains schuman and supported by the world's largest natural gas extract and gas. nothing short of high tech brilliance would do for such a cast of characters with the boat fittingly being considered the fastest super maxi monell haul in the world the twenty four international crew members have seemingly been able to get every last not ou

talks currently with the greek government now a bit more on that gal's problems or oil subsidiary gazprom neff designing a stake in a greek refinery hellenic petroleum the greek government which owns hellenic is valuing a thirty five percent stake at around eight hundred million dollars for its part gas problem nets parent company gas problem has been soaring by a greek energy company and which owns thirty five percent. and now we're back to the markets now let's check out the u.s. markets using friday's closing figures as i mentioned earlier wall street will reopen on monday despite the fact that it was close we saw some very disappointing results when it comes to the job market in the states and monday will be the first opportunity for the traders to react to that and u.s. futures on friday pointed to a possible selloff so we'll definitely keep you posted on how the situation develops when the u.s. markets reopen in a few hours and i want to currencies now the euro is stronger the euro is losing value that is of course against the dollar and the russian ruble is a war against both the d

barrels of oil instead of one point two million that it was supposed to receive the whole country and gazprom now says it will compensate for that loss will see how that story develops. in the currencies market barely any movements in terms of the euro dollar exchange rates whereas the russian ruble lost against the basket of currencies in tuesday's session that we see develops in one half hours when trading begins on the russian markets and the r.t.s. m i six or eight drop of less than one percent in chiefs day session as you can see there very much better than the rest of the world as some european indices for example drop more than three percent also president needs your bed it has said that the privatization program should go as planned to the full scale so basically encouraging all the state companies to go ahead and sell their stakes. russia's largest mobile phone operator mega for may consider an initial public offering in the foreseeable future calling three variables to be daily writes that this is likely to happen a billionaire early show succeeds in almost doubling his stake in the

percent we've also got steady gaze crude because of those crude prices being marginally down there gazprom is a round just ever so slightly up that we've also got m.k. that's bucking the trend they're not doing who why it's so well the company said it could assess up to joint ventures with its rival naiveté about its gas from to produce liquefied natural gas in western siberia that is just wrong and talking about m n k a president also sixty seven million dollars for the last quarter of twenty eleven's that's how those stocks look on the russian my stakes at this hour moving on going to have a look at the current business see the ruble is now gaining against the us dollar and think euro at this hour the euro dollar has just had a slight change of fortunes it's still relatively flat but it's got a different color this hour moving on to the european it figures now are showing changes just literally seconds ago because they did actually that we always got the asian markets we're going to get to those of us getting ahead of myself we've got the nikkei that up over two percent for the post agai

were to blame i already mentioned those results earlier friday's biggest movers on the my sex word gazprom it was down around two percent and that's despite a saying that it wants to boost its presence in the vietnamese shelf and is very bankrupt what are the sixteen percent increase in net profits in the first quarter about supporting to the russian accounting standards but that didn't help as you can see was still down and fertilizer giants growth holly was also down and also said that it was it will. decrease its production on slower demand and now on to the currencies the dollar is strengthening to the euro and the russian ruble on friday was weaker to both the greenback and the euro and now on to the oil markets that were closed on friday due to good friday and they are lower on friday and now back to you. i'll be back with all the latest and about fifty minutes. or an hour thanks very much indeed for this some days and there he is mania the sports are still i had the new this hour but first i'll be back with a recap of our top stories. the so was the plan that was responsible for cau

capital banks gazprom but two percent. on high commodities another story here we've got for you it's a big international acquisition a brewing north america's malls and cause there's more to the check start there which is famous for its start a problem and brand and most of course says the three. billion dollar deal will provide it a route into central and eastern european markets. and that's all i've got for you get ok good to see again well the catch was again in an hour's time there just one of us will just have to go to world wealth health check on the way to on this. after i've put your date on the headlines my name is kevin i went back in just. i fed him execution dates him believe me or just pay me one of the execution tape is enough in a day to go through more life than. you know more than fifty percent of the people here if you didn't texas are not. why you know living on difference like. this it's night and you know we execute our convicted capital murder we have the highest execution rate in america we're not af

shares are sliding in the last dollars of trade on the my six gazprom is down but u.s. demand for its shares is growing investment fund american bonds they bought another hundred seventy million dollars of stock in the first quarter unfertilized major posted record for twenty eleven crediting strong global demand ok exchange rates no euro dollar for the first. roubles mixed against the main currencies britain's unemployment rate fell to eight point three percent but that isn't helping the european stock markets down today as well investors rules are looking to another punish bond sale tomorrow so just as the head of that crude. oil prices jumped ten percent this year old rising to more possible supply disruptions. the siege of the second russian oil field since the summer properties offices in moscow is reportedly looking to raise about twelve billion dollars the road show is expected to start in may and you're up to date more stories on our website r.t. dot com slash business always a pleasure we will see you next hour. but i still to come here on r.t. the headlines bu

gazprom is up two percent as are the energy shares the spike lower oil prices and that shows one of the biggest gainers the mining company is up almost five percent on strong commodity prices and we've got around fifteen minutes still on the clock for trading and we'll update you on the closing bell of course next hour all right looking forward to it thanks for that update going to take a short break here in r.t. and i'll be back with the headlines stay with us. i've had to execution dates in believe me oh just tell me one to be execution date is enough for anybody to go through more later. you know more than fifty percent of the people here if you didn't texas are not. like you know live in north darfur snag. this snatch and you know we execute our convicted capital murder we have the highest execution rate in america we're not afraid to do it we do it well this becomes a point when bill comes. out of a new home. our get a letter your dad is going to be executed next week then as appears scary moment for you to know you can loose your money via periods at the end of a manner of me sayi

employment results that i already mentioned and the biggest movers on the my sets were gazprom dropped more than two percent despite reporting is. reaching an agreement to boost its presence in the beat and means shell shell's. also says bear bank boosted its first quarter net profit by sixteen percent. according to the russian accounting standards that didn't help as you can see and a fertilizer giant call it was also one of the biggest losers on the my site and now on to the currencies. the dollar is you can see is strange thing against the euro and on friday the russian ruble was losing value against both the euro and the greenback and i went to the oil markets the oil is down essentially reversing most of the gains and made on thursday and that's all the latest this is our money now back to you always are about fifteen thanks very much indeed for those natasha and of course russian markets will be opening shortly and you will give us an update next hour for now though thanks very much indeed for this and our next update our viewers on the headlines remain top stories so stay with u

at this hour we can see that we see bank is still raising at the gangs that point seven percent to gazprom is now down low its whole focus and in negative territory the company said it could set up two joint ventures with its rival moment such abuses liquefied natural gas in the western side grass was an interesting one of course and m.k. as well that point eight percent down now they posted a net profit knauss of sixty seven million dollars for the last quarter of twenty or so losses so it's been now we're checking out how the currencies are getting on is change of fortunes of the ruble as well then are having a mixed performance against the basket of cars is that we've got it down against the us dollar and against the euro and the euro dollar is one thirty eighty eight this is ours isn't moves of very much to really today's let's head on into europe and see what the sentiments are there has been a pretty lackluster day schieffer the european markets and france you just action down on the dots about half a percent in negative territory is brides and stocks that are really contributing to

is also down on friday the second largest bank stopped accepting buyback applications and gazprom is a losing on a low we're crude now speaking of crude it's down as well and one of the big factors for the price of crude over the past several months has been of course concerns over iran's nuclear program and over the weekend of iran met with the leading six nations and they had a very constructive conversation and they read to meet again in may so that's easing concerns about iran's nuclear program essentially one of the reasons why. crude is the lower of this monday and of course here in russia we're watching crude prices cools there not only because they correlate to the way the russian equity markets are trading. but also because there is an absence of any major news that on monday domestic news although there is one thing one story worth mentioning the i.m.f. has improved its outlook on russia's economic growth this year dell says the country's economy will grow four percent while been expected to be below five percent. of russia's g.d.p. figures may be a pleasant surprise those

of point two percent of my sex half a said among the movers on the six gazprom is a bit weaker than the markets at this hour it's actually down point two percent but in a person who mentions that russian gas companies should be ready for the so-called shale revolution which could totally reform the shape of the hydrocarbons market b.c.b.s. up point four percent on financial markets and while carly was a bit better than the market on its growing net profit was sixty four percent two thousand. and thirty five minutes time you can join my colleague comedian of course or she will be here with or not they will ring her to mature always a pleasure thanks very much for that we will see marina next hour i do stay with us here on our headlines are coming up in just a moment then another hot tempered issue in addition that is of course talk. of. the. culture is that so much about taxpayers' money and introduces me to my people here in my easy answer i think this is one way to describe china's truly amazing ascent on the international stage but with success comes china. there hasn't been anything

sex is a bit lower on a stronger river finally take a look at look at the main movers on the market gazprom they're down point two percent and we'll be monitoring the storm could tomorrow of course on the reaction to those tax exemptions after losing as it's pouring two billion dollars to modernize it's a comfort auction and i'll do so was up half a percent a sparkling wine company was have them and so me only the second day of trading. as a royal so i'll go for you are very good mate we'll see you next hour dmitri thank you. so they got here and i'll see the headlines and then a special edition of the kaiser of war watching artsy. on the at the top. this is street still keeps it secrets but now it's time some feel that the soviet slums in the offseason. this was the plant that was responsible for causing the world's worst industrial disaster and now it had been abandoned in a condition where it had become a source of pollution and the most recent study that was done shows that this water pollution and spreading. will continue to be in the more than hundred thousand be both been chronically

in moscow so moving the my sex right now gazprom among energy shares is actually on a decline of one third of a percent on the mice that. is our at least a magnet is up two percent the supermarket chain has reported profits rise thirty four percent in the fourth quarter and the the s.n.p. is down one point six percent in fintry let's take a look at the company in more detail it's the world's largest titanium producer and it could be partly put on sale at commerce and daily newspaper says. this was main shareholder of state corporation russian technologies is aiming to sell forty five percent in the company almost one billion dollars there is that billion analysts say russian technology has bought the shares in the titanium company on credit and currently unable to deal with the good. how the russian government is stepping up efforts to stop the flight of cash to offshore structures now the tax service is introducing rules to impose a tax of up to twenty percent on all transactions of russian companies with offshore structures and that's if it is proved to be controlling the structure

gazprom is down half a percent but if it has been talking about the hydrocarbon industry saying that there's a revolution potentially looming in shale gas and that russian companies should start preparing for this revolution d.t.b. among financial stocks is also a percent in line with the market point six percent the potash make a large part of making the world as reported net profit increase sixty four percent to. to move over to another story there's no i.p.o. potentially coming up on the russian market and russia's third largest mobile phone operator megaphone may consider listing in the foreseeable future quoting two very misty daily writes this is likely to happen if billionaire owners had a smaller succeeds in almost doubling his stake in the company to fifty six point two percent now megaphone is the only one of the big three operators in russia which has not yet done a listing and is worth around twenty billion dollars. so move over to european markets and so looking pretty positive started off on a bad note now back to the point seven percent mostly led by banks and that's o

percent at the close the carmaker is going to borrow two billion dollars to modernize its facilities gazprom will be looking at that stock massively tomorrow of course. to see a reaction on the news of these tax exemptions and but i would give the saudis sparkling wine producer was up half a percent in its second day of trading. as the way the markets look this i'll be back in that two hours time to bring you one final first a person substrate. the . emissions. critic a should three times court judge is free to make me free. free. to free. the old free market system in video for your media projects and free media john darche dot com. the book.

look at what was moving the my six while financial stocks were a drag gazprom was a strong gain up one point three percent but that's on the back of a recent initiatives proposed by the government to ease the tax burden for companies working in the arctic shelf now actually much more from u.b.s. says although these initiatives look at tractor if they're not good at. this and think yes that is huge here it's pretty good you can see. about. zero progress so if you. think it well it's not enough if you want it really is. clear. legal framework because you know all this export because the. growth is expected you can change. of course here so from the north. pole over on the commodities market we're also seeing some cautiousness with a correction going on but that's all in the hopes that a military conflict with iran may be avoided and therefore political risk in the commodity markets will be reduced and in the currencies we are seeing that the euro is the lining massively versus the dollar this is connected with the fact that a lot of investors are selling right now as we've seen with the

bypassing transit states like ukraine has to meet its cost up to twenty four billion dollars the gazprom said explains the time line. if you can do first commercial deliveries through the south stream will start in december twenty fifth we agreed to schedule with all our partners and to start construction of the pipeline in december today all the preparation is going according to plan and we have no doubt the project will be completed on time and now if you wait for the world market conditions you could wait forever that's the view of andre costing about the government's privatization plan the head of the russia second biggest bank believe the time has come to get on with it i don't think that the necessary to postpone for too long because the market is a market if you wait for the best price you can wait forever and then miss a chance anyway so although i think that the time is not bad i think there is always a we will continue to use for example recently one of the leading brazilian banker made a substantial placement and they compared with us on the global market because it's so preci

currencies russian markets mixed as to some positive corporate quarterly results that check those now gazprom raised earlier games is currently posting higher than expected production for one who calls started drilling i did field in iraq and retailer dixie says first quarter revenue almost doubled year on the year russia's president has pledged not to burden business with new types in the speech today he added all states in companies will be reviewed and dropped on necessary. also promised to minimize firms paperwork saying it just gathers dust at the tights office. and russia's new richest man i wish it was plentiful pay three billion dollars for control of the country's number two mobile operates a megaphone also agreed to pay dividends for the first time out of an expected initial public offering in london this summer and you're up to date more news and figures on the website altie dot com such business all right danielle thanks a lot for that update. we're going to take i was sort of break you're in our team i'm back with the headlines and then it's julian assange just second episode her

plan to boost crude output don't want drupal dividends without increasing debt is quite unlikely gazprom is gaining point eight percent despite lower oil prices will look at them in just a second and metro is up more the people said one of the biggest gainers excuse me on the higher commodities on the global market still driven by those expanding manufacturing in the united states. it's move on and in currencies the euro is regaining slightly some of the positions that it lost in the previous session whereas the ruble continues to gain against both currencies but as you can see by just. in the commodities the light sweet and brands are declining that's a correction now to yesterday's half the gays again on the manufacturing data because manufacturers are very big consumers of gasoline in one form. and in europe we're seeing right now is a correction after yesterday's gains of two percent to one a half percent on the dax and that is declining both indices with their office. that's the way the markets look at this hour we will be back next hour of course and he said to tell you more we cer

main currencies the russian markets have managed to open while of the supposed to quarterly results gazprom has an els higher than expected production for all the one who calls to drilling. oil field in iraq nickel is being sued for pollution at its mines and russia is the richest man on the shoes. majority stake in the country's number two mobile operator megaphone shareholders also agreed to pay over floyd billion dollars in dividends first time the cash rich firm is paid out ahead of an expected initial public offering in london i joked that more stories on our website dot com slash business ok that thanks now more from you later. i'll be back with day's headlines in just a few moments to. get our killing innocents here always a base of course and that's never answer. mom a song from those calls for me i think of it every day. i feel the flashlight from the memories. i assume i saw a long time this year trying. i was ashamed. i was ashamed that i didn't. i was ashamed that i hadn't a clue. why i gotta go my way. don't be out not so far forward. that i'll believe or i will go in the woods

legs but just a bit now it's a driven forward by energy shares while financials are a drag really gazprom is the central stock today it's on the spot lives up one point six percent. initiatives from the government to support companies working on the arctic shelf the government wants to ease the tax burden but not see much call from u.b.s. . says these initiatives are attractive but not good at. this and thinking here is that these huge heroes are utility future and say what's this. production cracks and there is little property. we really didn't think it but it's still not enough if you kind of explanation that he's right about sixty percent should be. really clear. legal framework because you know all this expert due to the. so interesting about this expert is they could be changed overnight because they are certain the monthly basis. oil is on the decline on the hopes that basically the peaceful resolution will come out with the situation surrounding iran meanwhile russia's economic ministry has taken out its crystal ball with a forecast the prices for twenty twenty twenty thirty these

which stopped accepting buyback applications on friday and gazprom is losing on a lower crude prices and speaking of crude it is lower by quite a bit especially brant as you can see there and one of the main stories there is of course that is broadly had a talks with the leading six nations over the weekend keep in mind that one of the biggest factors in the rising oil prices over the last few months has been the concern over iran's nuclear program and now that the country's willing to sit down and talk about its nuclear program and if these concerns of being eased and that that's one of the factors play into a lower oil as you can see there and of course asia is also dropping the lead over by commodity related more resource focused stocks after china on friday reported weaker than expected g.d.p. data which is now raising concerns that perhaps there would be weaker demand for commodities let's see those figures there and as you can see the name is shedding one and three quarters of a percent dragged down by financials old so in fact mitsubishi financial group is losing more than two

one another hauls percent today that's how they ended the week if we get into the stores as i say gazprom they weren't getting nearly three percent up in positive territory that so investors really showing their optimism pulled out his two thousand and eleven results we got last telecom as well today also post is. occurring results about two thousand and eleven report bucking the trend was them all as they two poses some encouraging results but not as good as investors has hope so that's ho starts finished up for today we'll see how the russian ruble got on it was a mix to form and i guess a basco occurrences it gains against the us. it was slightly weaker against the common currency if we don't have the urge although you can says one doesn't see fifty a fine for today and not brings us into the european market is that coming towards the end of the day you know the big news coming out of the region was all to do with spain they have that credit rating with use by standard poles to triple the plus they also cited that growth is going to drop by one point five percent that really is a cause

percent in the previous year well still down half a percent this out be is just point one percent gazprom among energy shares is showing a bit of a negative dynamic there's a big i.p.o. coming out potentially in russia with the furred largest mobile phone operator megaphone considering a listing in the foreseeable future according to very much c. the daily writes this is likely to happen if billionaire of succeeds in almost doubling his stake in the company to fifty six point three percent now megaphone is the only one of the big three operators in russia which has not yet done a listing and it's worth around twenty billion dollars or twenty instagram's if we measure everything in instagram's valley if the euro can get over the idea yesterday and he is there he is right i got all right way thanks very much indeed for this our date and see the next hour. for it out oh well get regular those of heated debates which is coming up your way in just a few minutes by the before that i mean bring the headlines here on r.g.p. stay with us. culture is that so much about the taxpayers' money machine

from pipeline to europe will hit full capacity in november head of sheer joy has just been announced gazprom is news if you can check the stocks now metals wonder service dollars also among main gainers it's an annual profits of two billion dollars beating expectations is gaining as well the carmakers nordstrom online all the service for its latest models well the altie has jumped over sixteen hundred today first games in four days good news for russia's economy in the first two months. its trade surplus jumped twenty eight percent year on the year. because they. rose that today's all of the so that it's boring course has the biggest major bulls losing one in the whole percent on thursday exchange rates and the euro's down on the dollar again america's good policing encouraging pizza recently lowered to the dollar in the last few hours as well prices a steady the us government recently said u.s. supplies grew more than expected last week although the report by the energy information administration says that gasoline from all dropped two percent suggesting motorists are filling up as much as

saw an increase of heart of persepolis spirit maker was was up in its second day of trading and the gazprom is down we'll keep an eye on that stock in friday's session to see a reaction to this new incentive to ease the types burden be in russia for companies that altering the arctic shelf and that's it for me my colleague martin of course will still be here eight twenty moscow time am i mean of course and the headlines and i cannot see. the. lead. come up. the muck. a muck a muck. come under the text. this is true still keeps it seats but now it's time some of the feel up to some of the asylums and artists. illinois. it's. just so. just so. smug it's. lucky.

after the jet crash we've been talking about earlier today in the headlines and brushes that gas late gazprom is the country's best duck she raised one point four percent in the first quarter of the year just just a fraction of the cent in positive territory and other news russia has hauled the daily amounts of gas transit through ukraine moscow says it will keep on reducing the usage of the route in favor of all other lanes to europe like the battery scene pipeline newly built subsidy route nordstrom meanwhile allies say the quick shift is unlikely and connect the current crop with seasonal demand. and get in but let's have a look at how the oil prices are doing for this hour as you can see you've got a light sweet that trading over one hundred three dollars per hour on the brand is over one hundred and twenty three dollars a pub our. tensions in iran are continuing as far as the oil prices are concerned so be keeping an eye on that we've got the embargo due to take place in june we've heard a lot of countries including france britain and the u.s. saying they would be prepared to do. a stop

of russia's first and second largest banks respectively they are shedding value want to gazprom is managing to stay in the blonde despite a lower crude prices and speaking of crude crude is shedding value this monday namely all in the eased concerns about iran's nuclear program has been one of the major factors driving crude prices higher in fact some analysts say that it's adding ten to fifteen dollars per barrel and now iran met with the leading six nations over the weekend and they had very productive talks and agreed to meet again in may's so these concerns might be easing and speaking of oil prices of rosneft has agreed to sell oil to china at a discount their decision ends a long lasting pricing dispute between the two sides russia is the oil major will sell to its chinese customers at a discount of one and a half dollars a barrel as part of the twenty year export agreement to supply thirty million. tonnes of crude to china. and one more story for you a bit i am half has improved its outlook on russia's economic growth this year it now says the country's economy will grow at four perc

are declining whereas gazprom at the same time is up one point three percent that's on the back of recent initiatives proposed by the government to sweeten arctic exploration and they are easing the tax burden so this will hopefully bring in five hundred billion dollars according to. but might see much call from u.b.s. says although this is a generous offer it's still not good enough. listen think of these huge dearest but if you think this. production. really didn't think it well it's not enough if you. sixty percent of. clear. legal framework of course you know all of this experts. seem to think about this exploded you. know because there's so. much from u.b.s. meanwhile commodities are also on a decline with the light sweet in brant declining around half a dollar per barrel this is of course on a strong dollar the second look at what's going on in currencies indeed the euro is declining massively as you can see there because of the sell off going on of course investors cashing out moving notably into the dollar and the russian ruble was accordingly weak against the dollar and strong ve

global markets going down and commodities on a line moving the my sectors take a look at those stocks gazprom one of the few blue chips which is actually down point six percent of this hour now banks are feeling much better supermarket chain maglite is up more than two percent and that's on the back of its net profits rising thirty four percent. is down one and a half percent there's a second look at that more detail now the world's largest titanium producer vs m.p.o. of this could be partly put on sale commissar daily newspaper says the miners main shareholders they corp russian technologies to sell forty five percent in the company for almost one billion dollars now analysts say russian technology shares in the titanium company on credit and is currently unable to feel good. now over the asian markets have closed and also in the red with nikkei down a notch after bank of japan left interest rates unchanged. and the hand sank is down on the basic new prospects of chinese economy increasing for a hard landing because imports and exports have been growing slowly due to low in the west and. in

because of the weaker ruble now among the stocks notably financials were falding gazprom was on the other hand so one of the strongest gainers although in the end and lost a lot of it's the one point three percent at the close that's as incentives have been introduced by the government to stimulate companies to develop the arctic shelf knoxy much more from u.b.s. says all those the although these initiatives are attractive they're not good enough. this and think this is huge here if you think it's worth. about. zero. but it's not enough. certainly. there were any clear. legal framework because you know all this expert do it is the . interesting about this expert it is. so from a monthly basis. the commodities markets those hopes that the negotiations going on with the international community and iran will lead to a reduction of military all its and therefore this will reduce political risk in terms of force supplies and on the currency markets we are seeing the euro dropping massively versus the dollar on the back of well what i mentioned before the problems with the sovereign debt to eur

russian markets are higher after some positive corporate quarterly results let's check those now gazprom raised earlier gains after announcing higher than expected production for all the one who calls started drilling. oil fields in iraq and retail of big cities for its first quarter revenues almost doubled year on year new richest man eligible smiler full pay three billion dollars for control of the country's number two mobile operator megaphone firm also agreed to pay dividends for the first time ahead of an expected initial public offering on the foot sea in summer and you're up to date more stories on our web site r.t. dot com slash business ok thanks for now. well i'll be back with a headlines in a few moments stay with us here not. oh did i kill innocents here i was. so quiet and that's never answered. mom a song from the school still with me i think of it every day. i steal the flashbacks from the memories. last a so much a long time i'm just here trying to help. i was. i was ashamed that i didn't. i was ashamed that i hadn't been a hero why i got my arm i got no legs. what i was

daniel gazprom is named the start date for europe's new pipeline tell us hello bill yes is both a sell string construction will stop by this really is full streamers head as the i did nord stream through northern europe would hit full capacity sober ahead of should george will carry enough gas to supply thirty million homes in europe a year both projects will bypass troubled transit ukraine. you can do first commercial deliveries through the time stream will start in december twenty fifteen degrees the schedule with all our partners and we'll start construction of the pipeline in december day all the preparation is doing according to plan and we have no doubt the project will be completed on time and time for the new york red again some poor job list claim figures out in the states the dow is clinging on to thirteen thousand of those just closed in the red off to italy said its service in costs this year would rise germany's dax lost almost one percent and the russian markets posted strong gains first time in four days jumped over sixteen hundred points now the good news russia's econo

ruble reversed recent gains this week now the new pipeline will start construction already this year gazprom said today its boss said it north stream through northern europe will also hit full capacity ahead. sales triple curry gas to supply thirty million homes in europe a year those projects troubled transit state ukraine. you can do first commercial deliveries through the south stream will start in december twenty fifth we agreed to schedule with all our partners and will start construction of the pipeline in just today all the preparation is going according to plan and we have no doubt the project will be completed on time. some of the reserves it finds of girls left in russia american firm this week did a deal to explore the area and some think russian law bans any such foreign ownership but it's have told r.t. we'll keep a third of what they find. when we discover. commercially develop oratorically agreement. provide for us to be able to book those resources we have one third working interest russia has a clue third working interest so of course once we have paid our taxes paid the fee

its ambitious plans to boost output and cord ruble dividends without increasing the debt good now gazprom was all set up despite correcting well prices and mitchell saw an impressive four percent gain on higher commodity prices. now there's a big international acquisition in the brewing industry north america's malls and causers bourse its czech star bev rival which is famous for its start up and brand cause say the three and a half billion dollar deal will provide it a route into central and eastern european. that's our goal for getting flamboyant russian back it's what a splendid world he said of a trip to see your cat so we can later i noticed that you know as well we've got the world's finances. the checks the states of america's economy and our half of the company of a washington d.c. studios coming up in a couple of minutes after i've updated you on the headlines on r.t. moscow. and. the you're. wealthy british style. i'd like to look. like that.

look at the loss of the credit rating to look at the gazprom.look at the fact that we have not balanced a budget. stay on message. this is a man who came into office as a candidate talking about hope and change. nothing that he is trying to do has worked so now he will scare the american public into thinking they better reelect him or it's going to get worse. and to have him be such a bully and schooled republicans and say, i can't believe you're trying to cut and reform these entitlements and try to really prioritize spending, that's exactly what we want. he's going back to the new deal looking for government to grow and save everybody from themselves. i'm telling you that the rest of the american public is saying that's not what we want anymore. government messes up more than it fixes and we realize that now. so i think there's a tremendous opportunity after seeing him fall apart a little bit by pulling the supreme court that he has reached a new level of trying to get where he is going to go because he knows he can't go on his record. so he i

>> gazprom i agree with that. -- yes, i agree with that.ust parenthetically, since i'm a red sox fan, where word about who is going to be pitching, not the clothes we are wearing. [laughter] but back to morgan stanley. >> [unintelligible] >> i did not mean to start a major league baseball war. i'm sorry. to the point of anyone's rational concept of supply and demand, when you have a one- third decrease in the demand for your product and supply is adequate for the market, based on the imputed demand, it defies imagination than anyone who ever took an economics 101 class would look at that circumstance and say the press should do anything other than go down. you do not have to be dick tracy to figure out why wall street is taking the cftc and all of the dodd-franc rose to court. >> right. >> they want to stop putting a card on the beat. they want to make sure these regulations are not there so they can, the market and create artificial volatility in the market. that is the easy connection. morgan stanley control the market and they then go to

>> gazprom i agree with that. -- yes, i agree with that. just parenthetically, since i'm a red sox fan, where word about who is going to be pitching, not the clothes we are wearing. [laughter] but back to morgan stanley. >> [unintelligible] >> i did not mean to start a major league baseball war. i'm sorry. to the point of anyone's rational concept of supply and demand, when you have a one- third decrease in the demand for your product and supply is adequate for the market, based on the imputed demand, it defies imagination than anyone who ever took an economics 101 class would look at that circumstance and say the press should do anything other than go down. you do not have to be dick tracy to figure out why wall street is taking the cftc and all of the dodd-franc rose to court. >> right. >> they want to stop putting a card on the beat. they want to make sure these regulations are not there so they can, the market and create artificial volatility in the market. that is the easy connection. morgan stanley control the market and they then go

>> gazprom i agree with that. -- yes, i agree with that.renthetically, since i'm a red sox fan, where word about who is going to be pitching, not the clothes we are wearing. [laughter] but back to morgan stanley. >> i did not mean to start a major league baseball war. i'm sorry. to the point of anyone's rational concept of supply and demand, when you have a one- third decrease in the demand for your product and supply is adequate for the market, based on the imputed demand, it defies imagination than anyone who ever took an economics 101 class would look at that circumstance and say the press should do anything other than go down. you do not have to be dick tracy to figure out why wall street is taking the cftc and all of the dodd-franc rose to court. >> right. >> they want to stop putting a card on the beat. they want to make sure these regulations are not there so they can, the market and create artificial volatility in the market. that is the easy connection. morgan stanley control the market and they then go to court to make sure that t