we can only comment by european central bank policy makers lloyds bank shares are gaining over three percent also heading up. and we call it and here in moscow we are ts and in my eyes and also gaining with the major blue chips trading in the black leaving the games telecom top morgan five percent the stock followed by bt b. and spare bank energy shares are also trading well gasp on the new poor are up about eight percent. russia is credit ratings outlook has been upgraded to positive from stable by fitch ratings the reasons for the boost are accelerating growth of stabilizing banking industry and a flexible exchange rate policy from the central bank which said it may further raise russia's credit rating if the government reduces the country's small rehabilitate swings in oil prices. plunging interest rates have led to a three fold rise in borrowing on the syndicated loans market by russian companies corporate loans have jumped by twenty billion dollars from just under seven billion dollars from the year before for example an unsecured loan this year at about one percent above to ban

and time to check on the markets now and europe stocks are gaining this hour lloyds bank shares are rallying more than three percent up to vaucluse capital that it's waiting from on the way as a bouncing back slightly after chaz were upgraded by fitch ratings investors reacted positively to the news pushing share prices up by one percent. here in moscow the r.t.s. is up over one half percent this hour the my six is up just over a percent in the games as ross telecom up more than five percent and energy shares are also performing gas from a new coil are up about eight percent. well just credit rating outlook has been upgraded to positive from stable by fitch ratings the reasons for the boost accelerating growth stabilizing banking industry and a flexible exchange rate policy from the central bank fitch said it may further raise russia's credit rating if the government reduces the country's vulnerability to swings in oil prices plunging interest rates have led to a three fold rise in borrowings on the syndicated loans market by russian companies corporate loans have jumped by twenty billion do

banks are gaining after positive comments on the economy by the european central bank policymaker lloyds bank shares are gaining over three percent also heading up our sources and credit card we call it here in moscow we are ts analyze exam high and evening trading with all the major blue chips in the black leading the gains on both the board says israel's telecom that's up more than four percent banking and energy shares are also gaining woods where bank and local both trading over two point four percent of the r.t.s. and up over three percent of my six. russian oil companies are increasingly looking east several producers want to expand or establish operations in china within several years after representatives told the conference they could build new refineries with the chinese. more oil products in china vice president said priority is to expand to asia as the fastest growing region. and russia's credit rating outlook has been upgraded to positive from stable by fitch ratings the reasons for the boost accelerating growth stabilizing banking industry and a flexible exchange rate policy fro

banks are gaining up to positive comments on the economy by a european central bank policy maker lloyds bank shares are gaining over three percent also on societe generale and credit agricole and here in russia both the indices are higher leading session with all the major blue chips in the black leading the games is ross telecom up more than four percent banking and energy shares are also gaining with spare bank and look oil trading up over two of two point four percent of the r.t.s. admittedly up over three percent on the license. russia's credit rating outlook has been upgraded to positive from stable by fitch ratings the reason for the boost accelerating growth stabilizing banking industry and a flexible exchange rate policy from the central bank which said it may further raise russia's credit rating if the government we do says the country's vulnerability to swings in oil prices. and russia's economy has a long way to go before the ruble becomes an international reserve currency that's the dominant view from a conference focused on the prospects for the russian currency he steps accordi

mixed bank a leading market is low on concerns over the pace of the global economic recovery lloyds banking group are shedding two point three percent of the footsie but mine is a lending some support on the high of gold price and here in moscow markets are climbing as we neared the end of the session after earlier losses of weakness in banking stocks have been dragging on the indices bank shutting one point two percent on the line sex but also look on with watching this downward trend up to thirty percent. the russians still make a sevastopol is reportedly planning to spin off its gold assets and list a new company on the london stock exchange the financial times newspaper says the offering may take place later this year and could be worth as much as four billion dollars citing people close to the company the paper adds that sevastopol will retain a seventy percent stake in the gold unit severstal has been expanding its portfolio of gold assets in a series of acquisitions including the recent purchase of canada's crude gold meanwhile bullion prices are currently ever recorded highs as inve

moving on to europe stocks are down in trade lloyds bank shares are rallying too and help was sent off to barclays capital boosted its rating from underweight. and most of the r.t.s. in the minds would stop this hour with all the major blue chips split off to the show as a russian call maker after us are rallying more than six percent. russia's credit rating outlook has been upgraded to positive from stable by fitch ratings the reasons for the boost accelerating growth a stabilizing banking industry and a flexible exchange rate policy from the central bank if each said it may further raise russia's credit rating if the government reduces the country's vulnerability to swings an oil prices. fell plunging interest rates three fold rise in boring on the syndicated lows market by russian companies corporate loans have jumped to twenty billion dollars for just under seven billion dollars from the year before for example took an unsecured loan this year at about one percent about interbank rights last year a similar secured loan by the same company had an interest rate four times higher. the

public stock markets now markets are gaining this hour in europe lloyds bank shares are rallying more than three percent up to park like capital boosted its rating from underweight the peak shares of bouncing back slightly up to its shares were upgraded by the trading so investors reacted positively to the news pushing share price up by one percent. and in moscow the r.t.s. and the my success the south with all the major blue chips flat to positive leading the gains as telecom operation five percent energy shares are also outperforming gazprom and look oil up about one percent. russia's credit rating outlook has been upgraded to positive from stable by. the reasons for the boost up accelerating growth stabilizing banking industry under flexible exchange rate policy from the central bank fitch said it may further raise russia's credit rating if the government reduces the country's vulnerability to swings and oil prices. now plunging interest rates have let to a three fold rise in boring on the syndicated loans market by russian companies corporate loans have jumped to twenty two billio

royal bank of scotland and lloyds are also selectively recruiting in retail banking whilst newcomer to the market, metro bank, opened their second london location recently, looking to take on an additional 60 staff over the next few months. >>reporter: metro bank is the first new high street bank to be granted a license in the uk for morethan 100 years and seems to take customer service seriously. with the kind of accessibility we've come to expect from shopping for groceries or clothing, punters have flooded through the doors at such a rate, this location in holborn hit its 12 month target for new accounts in four weeks. >>thomson: i think people have resorted more to bricks & mortar they like to know where their money is gong to be. i think they're becoming a little bit more savvy about the financial services compensation scheme, even some of them are beginning to understand what bank capitalization actually means. we're the first bank to have been authorized under the financial services authority's new, much more stringent rules around capital and liquidity. we meet all of the basel

sliding reversing earlier games banks and leading markets lower on concerns over the pace of the global economic recovery following choose days report from the federal reserve lloyds is shedding two point three percent on the foot sea this hour but miners are lending some support in the higher gold price and here in moscow markets are in the red this weakness in banking stocks is dragging on the indices with spare bank shares even one point two percent in the my sex gazprom is also suffering there are also a common back in the downward trend up a third of a percent this hour. now in other news russian still make a seven dollars reportedly planning to spin off its gold assets and list the new company on the london stock exchange the financial times newspaper says the offering may take place later this year and could be worth as much as four billion dollars citing people close to the company the paper that severstal will retain a seventy percent stake in the gold unit severstal has been expanding its portfolio of gold assets in a series of acquisitions including the recent purchase of canada's crude gold meanwhile bullion prices are currently at record highs as inve

excuse for their acts lloyd blankfein from goldman sachs also did the same but here's another headline vatican bank facing money laundering probe just when the catholic church didn't need another scandal tahlia authorities have seized twenty three million euros and case alleging that their senior officials have been money laundering. and was out of shock. well how else could the vatican get so rich i mean they haven't performed a legitimate miracle in two thousand years so all that pomp and circumstance and gilded gold leaf surrounding that massive real estate ponzi scheme is gonna come from somewhere well the vatican said that it was perplexed and surprised by the investigation which is a classic that's like hank paulson as the markets collapse he who engineered much of the c.d.o. collapse and subprime mortgage fraud saying he was perplexed and surprised and had no idea what was going on the lloyd blankfein the pope monger and buffett should start a new had fun and call dimentia incorporated and they only invest in companies to benefit from this rise in dimension which would include of course wal-

banks have joined the u.s. in freezing assets of targeted iranian companies and individuals and in denying them access to credit or transactions. major international firms including toyota and lloyds of london have announced they're curtailing their business with iran. iran's major national shipping company vital to its oil industry is having difficulty getting insurance. the oil industry is finding it hard to purchase needed equipment. tehran is having trouble importing refined petroleum products like gasoline. all of this comes as iran is struggling with rising unemployment. officially pegged at 14%. and inflation of at least 9%. last week former iranian president rafsanjani a long-time rival of ahmadinejad warned the country's leaders about the mounting burden. he said we have never been face with so many sanctions. i would like to ask you and all the countries's officials to take the sanctions seriously and not as a joke. ahmadinejad offered this retort sunday on abc's this week. >> we do take sanctions seriously. but taking it seriously is different from believing that they are effective. these are two different issues. >> warner: that is in fact the question. as the sanction