welcome to business out see a wave of consolidation is sweeping from the world's leading stock exchanges the london stock exchanges to merge with toronto's frank. is planning to link up with the n.y.s.e. as your next here in russia to my six on the r.t.s. also planning tonight now to discuss what this all means i'm joined by david you're from d.c. london david good day to you well this wave of consolidation of thing right now how is it going to change the way people trade and where companies and. i think it's a realisation that's been brewing for several months if not years and there's a realisation that stock markets are global and the preeminent position that have had in their countries to charge on realistic commissions and membership fees to conduct business or i think a thing of the past you'll recall that three or four years ago. it was then the chief executive officer of the london stock exchange rebuffed all overtures from potential predators which sold the share price to the elysee up from three hundred fifty pence to two thousand pence and then all the way down to five pounds or nothing c

how the various exchange stocks did today with the nyse, euronext had a nice gain of 14%, the deutsch exchange which is rumored to join up with it up 9% and the nasdaq up 6.5%. the london stock exchange and cbo up about 4%. so are these good stocks to buy if you don't already own them? >> i would say they are trading really close to where we believe their fair value is. several months ago you had a lot of pressure at the exchange groups, lots of uncertainty in regard to regulation, and there over the past few years you had dismal volume. thatÑi was the time to have picd them up. right now a lot of the easy money has already been made. >> susie: a real quick question. what would a merger of the nys scompe the deutsch bourse mean for its competitors like the nasdaq? >> i would say that the potential merger of nyse and deutsch bourse creates a very form midable competitor, definitely it will be the premiere listing venue in the entire world, will be the go-to exchange for any local megacap. that really hurts international marketant of places such as nasdaq and other smaller exchanges. >> susie: we'll have to see how this thing plays out. we appreciate you coming omr the p

solid ation is sweeping through the world's leading stock exchanges the london stock exchange is to move. toronto's. course is planning to link up with new york stock exchange your next with us also planning david buick from partners in london says russia will play a significant role in the future russia as a massive country with huge influence in the world of energy mining with plenty of money and i think the. goodwill that would be seen by russia taking a stake in a significant. like l.s.e. . would be absolutely they're all huge cultural differences at the moment as we know and also regulatory differences in corporate governance differences but these are not things that couldn't be easily. and if i was a passive investor in terms of wanting to get involved. a combination of my search to do that i think the rest of the world would see that is very very positive indeed if we believe that global uncertainty in this country we don't think anything else than russia has to play a very significant role you've had many of your i.p.o.'s in london or in hong kong and there's no reason why they c

ounces of gold last year a wave of consolidation is sweeping through the world's leading stock exchanges the london stock exchange just imagine with toronto's and frankfurt story to us is planning to link up with the new york stock exchange the euro next with a my sexuality has also planning to unite and also david buick from b g c partners in london says russia will play a significant role in the future russia is a massive country with huge influence in the world of energy and mining with plenty of money and i think the good sense of good will that would be seen by russia taking a stake of a significant stake in a ball say like l o c n t n x would be absolutely there are huge cultural differences at the moment as we know and also regulatory differences and corporate governance differences but these are not things that couldn't be easily earned and if i was a passive investor in terms of wanting to get involved. in a combination of my sexuality as it were to do that i think the rest of the world would see that is very very positive indeed if we believe that markets are global and certainly in this

. >>> the london stock exchange and the operator of the toronto stock exchange said on wednesday that they will merge their operations to create the world's largest exchange. the merger of the stock exchange and canada's tmx group will make the world's biggest exchange by number of listed companies. the total market capitalization of the listed 6,700 firms will be about $6 trillion. the amount will be second only to the figure of the nyse euronext, the operator of the new york stock exchange. the exchanges say they will complete business integration late this year. nyse euronext issued a statement on wednesday saying it has entered into merger talks with germany's deutsche bors, the operate operator of the frankfurt stock exchange. >>> u.s. federal reserve chairman ben bernanke has stressed the need for additional monetary easing as a full recovery in the job market will take years. bernanke told the house budget committee on wednesday that a recent drop in the jobless rate to 9% is encouraging. >> notable declines in the unemployment rate in december and january, together with improv

to other news the london stock exchange and canada's t.n.x. group which owns the toronto stock exchange are to merge or share deal the new exchange is set to become the largest platform for trading mining companies at a time of surging commodity prices with a combined six point seven hundred listings it will also be the world's largest exchange by numbers of companies it's just the latest in the way of consolidation sweeping the globe exchanges here in russia the my six and r.t.s. have announced plans to march as well. it's all we have for you at the moment but you can always find most stories just log on to our website r.t. dot com let us. stop going. back to. the rally will sell lots of beer lol. they will wear uniforms that will damage is the black man million but very little damning the wife. and they are the key to our problem our own right.

the london stock exchange of canada's cmax group which owns the toronto stock exchange are to merge in an all share deal the near exchange is set to become the largest platform for trading mining companies at a time of surging commodity prices with a combined six thousand seven hundred listings it will also be the world's largest exchange by a number of companies it's just the latest in a wave of consolidation sweeping the globe's exchanges in here in russia my sex and the r.t.s. have announced plans to. russian manufacture hydraulic machines and systems as raised three hundred sixty million dollars after cutting the price in size of its i.p.o. in london initially the planned offer was for forty seven million shares but only forty three million was sold and that a fifteen percent discount to the original range of nine to twelve dollars a share. so when i'll be back in one hour's time with an update bill is next with the headlines on t.v. do stay with. our mouth stopped going to come back. we'll have a rally we'll sell lots of beer lotion. the faith will wear uniforms that will damage i

the london stock exchange and cab of the next group which owns the toronto stock exchange autumn in an all share deal and the exchange is said to become the largest platform for trading mining companies and this is at a time of surging commodity prices with a combined six thousand seven hundred listings and will also be the world's largest exchange by a number of companies it's just the latest in a wave of consolidation sweeping with loads exchanges here in russia literally running due to my sex and the r.t.s. also announced plans to marry each. manufacturer hydraulic machines and systems has raised three hundred sixty million dollars of to cutting the price and size of its i.p.o. in london initially the planned offer was for forty seven million shares but only forty three million were sold and this as a fifteen percent discount. to my colleague harry the milly in the morning eight twenty moscow time i'm off. mummy. mummy. mummy. this history still keeps its secrets but now it's time to feel the two.

the london stock exchange and canada's t.m. ex group which owns need to run tow stock exchange are to merge an all share deal then you exchange is set to become the largest platform for trading mining companies at a time of surging commodity prices with a combined six thousand seven hundred listings it will also be the world's largest exchange by numbers of companies it's just the latest in a wave of consolidation sweeping the globe the changes here in russia of my sex ed in the r.t.s. have announced plans to much. now to find out the final closing figures of wednesday's session join me again in one hour's time headlines are next to stay with us. stop going to come back. we'll have a rally we'll sell lots of beer lol. the face will wear uniforms that will damage is the black man moving but very little damning the white. and they are the key to our problem are already. kofi. they faced this is not a provocation but warning. that we should see several pretty sure the supreme victory strikes they have no idea about the hardships t

and london stock exchange in a bid to raise up to eight hundred twenty million dollars and this predicted the i.p.o. would have valued the company between two and two point seven billion dollars. read i was as a lost twenty one million euros from its involvement with a russian carmaker after last year but that was down to the first half with after returning a profit of five million for the french company in the second half rather adds that it expects along with its alliance partner a nice quiet controlling stake in our survives by the. the ruble is quite five percent against the dollar over the past three months that's the best before twenty five managing market currencies because you appreciate it is helping keep inflation in check as it reduces the cost of imported goods but as alexander from d.t.b. capital explains russian central bank needs to balance its concern over rising prices against attracting unwanted speculative capital. the tradeoff is really they need to they need some appreciation to completely fell by the same time they. can't allow it to thaw it because otherwise they wi

and london stock exchange in a bid to raise up to eight hundred twenty eight million dollars and as predicted the i.p.o. would have valued the company was going to and two point seven billion dollars. twenty one million euros from its involvement with the russian carmaker after last year. that it expects along with its alliance partner nissan to acquire a controlling stake enough to go after that as by the end of the year i am back in one hour's time with an update bill is next with a headline stay with. are close enough to stop we are going to come back. we'll have a rally we'll sell lots of beer lotion on the face will wear uniforms that will damage is the black man moving but very little damming the white. and they are the key to our problem are all right. we'll. bring you the latest in science and technology from the realms of russia. we've got the future of coverage.

and london stock exchanges in a bid to raise up to eight hundred twenty eight million dollars and as predicted the i.p.o. would have value become pretty between two and two point seven billion dollars. the ruble is climbed five percent against the dollar over the past three months this is the best before my among twenty five emerging market currencies because it is appreciation is helping keep inflation in check as it reduces the cost of imported goods but as an example you think you are from the capital explains the russian central bank needs to balance its concern over rising prices against attracting unwanted speculative capital. for the central bank the tradeoff is really they need to they need someone to come conflation by the same time they. can't allow it to cause because otherwise they will treat it kept telling flows and it will make the problem of fighting inflation even more difficult so we're seeing the ruble against the dollar at twenty nine thirty by the year end which is not far from where we are now but much stronger against the basket. so we in total for this year we

company had planned to sell around thirty percent of its shares and then my sexuality is in london stock exchange in a bid to raise up to eight hundred twenty eight million dollars now this predicted the i.p.o. would have. valued the company between two and two point seven billion dollars. rather says it lost twenty one million euros from its involvement with the russian comic up to us last year but that was down to the first with after returning a profit of thirty five many of the french company in the second half right now it expects along with its alliance partner to acquire controlling stake in up to the us by. russia's ruble is climbed five percent against the dollar of the past three months the best performer among twenty five emerging market currencies because it is appreciation is helping keep inflation in check but. from beating the capital explains russian central bank needs to balance its concern over rising prices against attracting unwanted speculative capital. for the central bank the tradeoff is really the need to they need someone to compensation by the same time they. can't allow

and london stock exchange in a bid to raise up to eight hundred twenty eight million dollars but and as predicted the i.p.o. would have value because but he between two and two point seven billion dollars. ran over the last twenty one million euro's from its involvement with the russian carmaker after last year rhino adds that it expects along with its alliance partner a nice cent to acquire a controlling stake in afterwards by the end of the year. and i'll be back in one hour's time with more statements. the. machine would be so much brighter if you knew about some you from first impressions . please for instance on t.v. dot com. we'll. bring you.

the london stock exchange and canada's ten mex group which owns the toronto stock exchange are to merge or share deal and you exchange is set to become the largest platform for trading mining companies at a time of surging commodity prices with a combined six thousand seven hundred listings it will also be the world's largest exchange by numbers of companies is just the latest in a wave of consolidation sweeping the globe six changes here in russia the onset of the demise it's an r.t.s. have announced plans to march. and that's it for me during my colleague denko next hour for more updates here on business. well when one deals with war for us to realize that this tremendous amounts of damage that have done not just human damage but damage the physical environment in which the battlefield takes place tremendous amounts of damage done by aerial bombs by napalm boy coming from the city whether it's our sonic boom so factoring in marine mammals or it's the burning oil field syria and iraq or it's destroyed coral reefs in the pacific for planning purposes the list just goes on and on the gen

that actually there are a number of transactions which are likely to come in that same to the london stock exchange and canada's t.m.'s group which owns the toronto stock exchange are some in an all share deal in your exchange is set to become the largest platform for trading mining companies and this is at a time of surging commodity prices with a combined six thousand seven hundred listings it will also be the world's largest exchange by number of companies it's just the latest in a wave of consolidation sweeping the global exchanges here in russia by six an r.t.s. have an hour too much. will be back in one hour's time with plenty more else either . nothing stocks are going to come back. we'll have a rally we'll sell lots of beer low. the faith will wear uniforms that little damage is in the black family but very little damming the white. and they are the key to our problem are already. the fire.

and the london stock exchange in a bid to raise up to eight hundred twenty eight million dollars but analysts predicted the i.p.o. what about now between two and two point seven when you. ran out and says it lost twenty one million euros from its involvement with the russian carmaker after last year there are no ads it expects along with its alliance partner need to acquire a controlling stake in afterbirth by the end of the year. that's all from me joining my colleague tomorrow morning eight twenty moscow time bill is next with the headlines. wealthy british style. is not on. the. market why not. come to. find out what's really happening to the global economy with mike's culture for a no holds barred look at the global financial headlines tune in to conjure reports on. line. would be soon which brightened if you knew about someone from funds to impressions. for instance on t.v. don't come. me it is easy easy easy to see how. the same. since.

exchanges are heavily weighted with mining stocks. the union will create the world's biggest exchange for mining and energy stocks. the merger is happening on the stock market in london and toronto, as well as the possible merger between new york and frankfurt -- we have a report from our correspondent in frankfurt. >> it has been a spectacular day on the frankfurt floor, although investors could not react to every news they heard. first of all, london and toronto announced a merger of their stock markets. this will make the biggest platform for mining and for energy stocks worldwide. after the bell in frankfurt, the new york stock exchange announced they are negotiating with the german stock market. they both plan a merger of equals as well. the germans may be in the lead because the german stock market is a little bigger than the new york stock exchange. the new york stock exchange already owns stock market ueronix. the european stock market will not be the same after that. >> staying in frankfurt, let us look at market numbers. the dax index closed slightly lower. the euro stocks 50 -- stoxx 50 finished lower. the dow is currently going down. the number is 12,205.

exchanges are heavily weighted with mining stocks. the union will create the world's biggest exchange for mining and energy stocks. the merger is happening on the stock market in london and toronto, as well as the possible merger between new york and frankfurt -- we have a report from our correspondent in frankfurt. >> it has been a spectacular day on the frankfurt floor, although investors could not react to every news they heard. first of all, london and toronto announced a merger of their stock markets. this will make the biggest platform for mining and for energy stocks worldwide. after the bell in frankfurt, the new york stock exchange announced they are negotiating with the german stock market. they both plan a merger of equals as well. the germans may be in the lead because the german stock market is a little bigger than the new york stock exchange. the new york stock exchange already owns stock market ueronix. the european stock market will not be the same after that. >> staying in frankfurt, let us look at market numbers. the dax index closed slightly lower. the euro stocks 50 -- stoxx 50 finished lower. the dow is currently going down. the number is 12,205.

the london and toronto stock bourses announced a merger last week, the growing rivalry may also force the tokyo stock exchangeo review its strategy. its presence in asia is on a decline having been overtaken by the shanghai stock exchange in terms of trading volume. >>> u.s. retail sales in january edged up from december, marking an increase for the seventh straight money, but rate of growth fell short of market expectations. the commerce department said on tuesday that january's retail sales in the united states stood at slightly above $380 billion. that's a rise of 0.3% from the previous month, but much less than the market forecast of about 0.6%. by sectors, sales of department stores and large retailers grow 0.8% while those in cars and auto parts expanded 0.5%. gasoline sales also rose 10.5% due to higher prices. meanwhile prices of building materials tumbled nearly 3%. those of furniture and clothing were down 0.3%. the fashion world has gathered in manhattan for one of its most prestigious events. this semi-annual event brings in over $380 million in business. it can also make a huge impact on the way

london bombings in 2005. the inquest will consider whether the attackers could have in stock. on monday, a senior officer will give evidence in front of victims' families. the u.s. has announced sanctions against the new money exchange house in kabull, which it says laundered money from drug traffickers. the chairman of the u.s. central bank, the federal reserve, told the g-20 meeting in paris the countries with large trade surfaces should let their currencies appreciate. his chinese counterpart said it would take at least a decade to shift the country's economy away from its export-based model. uganda's have been going to the polls. counting is under way. overall, voting was largely untroubled. a former doctor standing against him for the third time, and he has one of protests if he does not win. >> across the country, voters made their choice. 30 years of the president, or time for a change. international and local observers are following the process closely. the boat itself went fairly smoothly. during weeks of campaigning, the president drew large crowds. his popularity partly stems from the fact that he led the country to stability after years of turmoil. he often tells ugandan as if they want the peace to stay