dot com but for now it's not your business with marina. hello and welcome to business here on art see now in the wake of the plane crash in the present with the madrid has called for widespread reform of the aviation sector although the cause of the disaster is not yet known the industry has recognized problems such as poor maintenance aging facilities and weak regulation or parts of the overhaul is likely to include a radical reduction and the number of airlines there is one hundred thirty airlines in russia and out of this one hundred thirty plan execute eighty five percent of all transfers so briefly tell me it's actually quite and i mean one hundred twenty even more so before this one hundred twenty both of you and then i mean even town it's quite a lot so there should be probably five to seven airlines in russia three or four there really wide competing maybe if there are foreign airlines and three. regional me be really relying on governments of board because regional transfers are not that profitable so this is this team to be sure should

the way the news is our headlines in a little under ten minutes right now the business news of marina. hello and welcome to business here on artsy fresh concerns about the european economy have caused another wave of turbulence in the global markets stocks are swinging sharply by hundreds of points and while investors are weighing the chances of a meltdown in europe like mel from morgan stanley says russia doesn't have much to glory about so far. russia is actually a much better position and other central european countries turkey in the region because it has less strong trade and investment relationships with europe because it's more of a global trading country and it depends on the prosecutable commodities such as always will which depend growth in emerging work it such as china and. so russia's fate is truly don't with the growth of china and india are not at the moment looks revokes and hasn't been affected by the downturn in developed markets and as compared to other. countries i think russia is in a bowl with brazil as essentially a commodity exporter which is exposed to movements in c

moscow with some of our main news stories very shortly in the meantime business news is next with marina. hello and welcome to business here are the world bank says the risks to the global economy are rising and some of the risks to russia's growth the slowdown in the u.s. and the crisis in europe are all weighing on the conscience economy the world bank has cut its g.d.p. forecast to floor percent from four point four for the see here but a high oil price and a lower inflation could help russia sustain growth. i think that we should really. go to a situation in russia is fairly favorable current sherpas probably almost that was but this year i think that temporary paper will situation should be used here with people in it was sure is mediocre of fiscal constraints been reduced to normal in fiscal deficit in medium term which i think would be important for russia very significantly strengthen its fiscal position over the medium term so i think the overall picture is that the short term picture is favorable but there remains shirish medium term a structural issues that are well known in russia t

russian nanotechnology corporation out of college a biased before going to business update with marina. hello and welcome to business here on arts and the ruble is trading close to its lowest level against the u.s. dollar for eight months investors are concerned europe's persistent debt crisis could hit demand for fuel and effectively hinder russia's economic growth this has been reinforced by comments on tuesday from finance minister alex included in who says he expects a ruble to slide even further well joining me now is jacob now our chief economist at morgan stanley russia thank you so much for joining us now please tell us what are the prospects for the ruble in that well actually i think they're pretty good at current oil prices if you look at what's happening to reserves which is the kind of results of the entire set of. transactions between russia and the rest of the world every week we've been seeing an increase in international reserves and if you think about oil exports at these prices and what's happened if we take what i think you'll find that the current account continues to be

secret services before that it will take a look at what's happening in the world of business with marina. hello and welcome to business here on r.t. we start with russia's two major bourses the my sex every r.t.s. as they're putting the finishing touches to their five billion dollars merger the new brand of a combined stock exchange for the present early next year and the new entity will be sold to the public through an i.p.o. which so far plans for twenty thirteen r.t.s. lore and that has all the details for us. there are now new legal obstacles to the merger between the r.t.s. the my sex exchanges the mergers being approved by the federal monopoly service and it's now on to the technical details which are not few when you're talking about joining together an index that trades mostly in equities and currencies and another index that trades mostly in derivatives and that on a different technical platforms. has already been appointed from the banking community and from the brokerage community and now from here until the end of december. that the legal merger between the two indexes will be compl

it's all for now and next is the business news with marina. hello and welcome to this has here on our pipelines are sprouting across russia and on the other side of the country from nordstrom the roof gas pipeline provides a new artery to markets in asia and this is our teams that generally go our travel there for us this land is surrounded by some of the most and there jihan green nations in the world consumption in places such as south korea or china is growing rapidly offering great opportunities for gas prone to cash and especially now as it has loads of gas close to the region and read it to be exported this new gas pipeline which was a mere putin is opening rounds from fact highly and through large of us talk it is able to supply thirty billion cubic meters of gas annually bazza the russians see it is the round here need just a tiny part of that and that's why gas probably is desperate to find buyers for its extra gas and is in talks with several contras but it's not all so easy at the moment talks with china are dragging over prize and possib

meat arab world and before that i will take a look what's happening in the world of business with marina. hello and welcome to business here arthur we start this hour with the russian ruble which continues to retreat against the main currencies it's french the lowest level against the us dollar for ten months the other service of all of her daughter bank doesn't believe the ruble is riskier level currencies at the moment but he does survive is to diversify if possible. well. the economy is still very strong. so the doesn't seem to be. urgent need to drastically shift from one currency into the other clearly we're living in the very unstable period in films of financial markets so what makes sense is diversification what makes sense is. worth from the rubles hold some portion in dollars and in europe and if you have further ways of diversifying your savings only for the better. would be the simple approach the best approach i think that one can take in order to be difference of the. markets currently i personally think there is no fundamental reason to avoid the ruble morse code other currencies

ok alterations business now with marina. helloand welcome to business here on r t the world bank has revised its twenty eleven g.d.p. growth forecast for all sorts to four percent and that sounds from the june production of four point four percent but the bank's chief economist for russia but leaves the country is well positioned to fend off a potential recession in the short term. i think it should. go to her situation in russia is fairly favorable with the current circle city that probably almost always budget this year. and i think that. temporary when you give a favorable situation should be used if they put in more serious weeding through fiscal constraints reducing the known fiscal deficit. in medium term which but it would be important for russia to significantly strengthened its fiscal fiscal position over the meter of it so i think the overall picture is that the show from picture is favorable but there remains sure is. medium term structural issues that are well known in russia should be listening climate converse for cr

special interview coming up your way shortly and the sports just ahead of the business news with marina. hello and welcome to the business here on the right see the leaders of greece france and germany are all seeking a way it's a can see are named european debt crisis here is that greece is heading towards a thaw have something interest rate on its government bonds to record the highs but doesn't have much to worry about i was taking off for morgan stanley explains. russia is actually a much better position and other central european countries say turkey in the region because it has less strong trade and investment relationships with europe because it's more of a global trading country and it depends on the price of global commodities such as all which depend growth in emerging markets such as china and india. so russia's for each is toyed with the growth of china and india are not at the moment looks reports and hasn't been affected by the downturn in developed markets and as compared to other. countries i think russia is in of course with brazil as essentially a commodity exporter which is

now get more on the economic slump that has hit markets across the globe business news next with marina. hello and welcome to business here on r.t. global economic uncertainty has pushed the russian markets syllables of since two thousand and seven but this may not be the end of the slog as investors are waiting for a clear on our policy response in the us and europe or from more or less i'm now joined by ben our sensor in chief at a business in europe thank you so much for joining us i want to ask you how much does the market performance right now reminds you of two thousand and eight well partly because it's a very bad sell off entirely and so much as i don't see the panic i think is more a flight quality of safe haven such as people think exists because of the under certain theory and we're facing at that time for greece in three weeks time there is a real possibility that they default to this and disorderly this for that then spills an army into the rest of the periphery of europe but also into the heart of europe you know putting french or german banks under a lot of pressure which would

the closer report delves into the world of money and power that's after the business update with marina. hello and welcome to business here on our at c rush let's look at a heavy blow in the last outs of the financial markets herbalists last week the countries in the season lost over ten percent which made russia the worst performer among emerging markets but the us this recent weakness presents an opportunity for bargain hunters on the silicon sapulpa for not creating a capital beliefs at that spot invest that now would be risky. taking into consideration prices and love all those am is very attractive but the main point is that very significant flow from global money is supposed to hit the place right now according to the reason i am in for search paper around eight point two billion dollars from emerging europe and particularly russia is supposed to be getting off so there is a big between two for emerging market being on the top level right now for big funds but unfortunately they were trying to be conservative and still be in cash and buying u.s. treasuries and rather than looking to emer

our web site right now though let's take a look what's happening in the world of business with marina. hello and welcome sir business here are to see the global financial system is looking down the barrel of another possible recession with the global markets seen significant losses and russia is no exception moreover the ruble has reached its lowest level against the u.s. dollar in two years but it's led you to come you know how that creates it believes that whatever happens this time russia will be better prepared that one two thousand and eight. only in the except shown that in russia the mystical driven instability of the financial system was on the rise we before the crisis three four five months before the crisis actually wrapped up starting from april march of two thousand and eight in the current superpower in the shows that years we've seen strike of instability back in june july august we see. the stable situation as a composite index of course we see we have seen what we see in the markets only in the currency. market in particular but on the other hand that's not all of the financ

and next have got all the latest business news with marina. hello and welcome to business here i see we start with castro bellerose which is once again seeking funds from russians as burbank wants to borrow one billion dollars to one a year and in return it will put up fifty percent over major oil refinery yes collateral earlier brothers asked for its billion dollar loan bought it refused to pledge thirty five percent of its main assets which is fertiliser producer by a lot of scholarly the company has a fifteen percent share in the global potash for its allies a market and minsk is in desperate need of hard currency as it tries to cope with its worst financial crisis since the collapse of the soviet union. let's take a look at the markets now or oil is falling for a second day as investors speculate that fuel demand in the u.s. will falter that's after the u.s. federal reserve said there are significant downside risks to be called any of the world's largest group consumer growing fears over the eurozone debt crisis are also putting pressure on the

be back with the headlines in about ten minutes but first the business news with marina. hello and welcome to business here on our team now deals worth around four hundred million dollars have been signed during the visit of the u.k. prime minister david cameron to russia the delegation includes blue chip companies like royal dutch shell b.p. and british airways british d.i.y. every sailor confession will unveil a plan to open nine stores in russia and the total investment could reach two hundred and fifty million dollars the u.k. is also expected to sign a deal with the russian state energy corporation which would help the u.k. companies with contracts in russia's expanding nuclear industry. and among other notable deals the russian state nanotechnology corporation is binah forty to fifty percent of the london based pro bono bio for an undisclosed amount the financial times describes the company as a new medical company launching the world's first molecular scale nanotechnology treatments probe on a bio plant celeste in moscow and london with them for years. tony hayward is st

wrap of the day's top stories in a few moments but first a check on the business headlines with marina. hello and welcome to business here on r.t. the clouds of uncertainty continued to pile up in europe rising expectations of a greek default and the possible downgrade of french banks are causing the financial borrowers are to drop sharply russia is not immune of course with the ruble now trading at an eight month low but jacob knell for morgan stanley here russia believes there are reasons not to be so pessimistic. if you look at what's happening to reserves which is the kind of results of the entire set of. transactions between russia and the rest of the world every week we've been seeing an increase in into the school reserves and if you think about oil exports at these prices and what's happened if we took sports i think you'll find that the current to kill continues to be very strong. on the capitol hill it's a little bit less predictable but i think with the uncertainty around the elections the may have been an increase in capital flows though not to the level that we saw earlier this y

it's time again for the business update this hour with marina. hello and welcome to business here on art see our top story today is of course russia's international investment forum and sought to see where the money starting to roll in as deals get struck we have representatives from thirty five countries in the black sea resort looking for investment opportunities but mere fruit in has had a speech at the flarm and art seized outlines the main points for us. what's been interesting about surviving the putin speech is that it was rather upbeat despite the ongoing woes about sovereign debt in both europe and the united states that it occurred and says russia's economy is slowly recovering and is to reach pre-crisis levels in twenty twelve that means next year also with inflation this year will be no more than seven per cent has a new person said also we heard statements from the central bank president whom i have saying that in the years twenty twelve and twenty fourteen inflation will be going down around half a percentage point every year so this is a

thanks marina hello welcome to the sports update and first track i have lines champions league action resumes tonight with last season's run of training ahead of that clash and become involved holders barcelona to their opening game with on tuesday. the old joke of it showcases his year's open trophy following an unfair to win over iraq on a final serve climbing atop the empire state building to celebrate. and also in our traditional goals galore sectional take a look at all the goal scored during the latest we counting the russian football premier league. let's start with the champions league. with a disappointing loss and they're open it up well in cyprus channels but it is not going down to one of. the sixty fourth minute. things i need to lead but it was all the hair the softer the cypriot scoring twice within two minutes to grab the victory in the other group g. game. by the same scoreline. elsewhere chelsea got off their winning start at home to violet and the other group teams played a goal is a draw. draw with. defeated. by a single goal. thought the bodies of settled for a on

world all their pivotal issues first though let's get the latest from the world of business with marina. hello and welcome to business here are to russia took a heavy blow in the latest bounce of financial markets her balance last week the country's indices lost over ten percent make of the worst performer among emerging markets but does this recent weakness present an opportunity for bargain hunters well an associates a follower from what creates a capital believes it does but it's investing now would be risky. taking into consideration prices and level this. is very attractive but the main point is that there is significant flow of money is supposed to hit the place right now according to the recent i.m.f. research paper every eight point two billion dollars from emerging europe and particularly russia is supposed to be get all so there is a big opportunity for emerging market being on the top level for big funds but unfortunately the more trying to be conservative and still be in cash and bind us treasuries and rather than looking to emerging markets. let's take a look at the markets now we

hear from me that brings us now to twenty five minutes past the hour business news is next with marina. hello and of all kinds of businesses here are to see the leaders of greece france and germany and that's why conference on the way to consume the spiralling european debt crisis fears that greece is heading towards a default has something interest rates on its government bonds to record highs but russell doesn't have much to worry about as take up after morgan stanley explains. russia is actually a much better position now the central european countries say turkey in the region because it has less strong trade and investment relationships with europe because it's more of a global trading country and it depends on the price of global commodities such as oil which depends growth in emerging markets such as china and india. so russia's for ages tory don't we have the growth of china and india and that sort of moment looks reports and hasn't been affected by the downturn in developed markets as compared to other. countries i think russia is in of brazil as essentially a commodity exporter which

all it's time again for the business update with marina. hello and welcome to business here on artsy the money so i mean it's all end as deals get struck at russia's answer national investment form and salty representatives from thirty five countries are in the black sea resort looking for and best with opportunities and ovarian to give them a visit as in the south or resort and he joins us now. highly treatable i know it's been a long day there are lots of events including the speech by prime minister vladimir putin so what can you tell us what did he have to say. well indeed the highlight of the day at the sochi international investment forum was of a team of putin's view on the macroeconomic situation and what's interesting is that despite the ongoing turmoil on the markets and sovereign debt woes in europe and the united states this view was a pretty upbeat that in a person said that russia's economy will come back to pre-crisis state in twenty twelve that is next year that russia will see inflation of no more than seven percent this year acc

deals as the kaiser report delves into the world of money and power after our business update with marina. hello and welcome to business here and i see a rush that's a bit heavy blow in the last sprouts of financial markets and last week the countries in the seas lost over ten percent which may force the worst performer among emerging markets but the space some weakness present an opportunity for bargain hunters well the sequence a pall of earth must go it's a cap so believe the us but invest in the. risky. taking into consideration prices and lot of all this am is very attractive but the main point is that there is significant outflow of global money is supposed to hit the place right now according to the recent i am going to research paper around eight point two billion dollars from emerging europe and particularly russia is supposed to be getting off so there is a big opportunity for emerging markets being on the top level back now for big funds but unfortunately the more trying to be conservative and still be in cash and buying u.s. treasuries and rather than looking to your marriage market.

thank you marina hello and welcome to the sport let's have a look at our top stories. georgia which proves once again just why he is the world's highest ranked player is bad major trophy of the year with a comprehensive victory over us. in the u.s. open grand finale. face all seeing the downside russia the bulls consonantal hockey league season one that starts. to draw a lot of opening day fixtures. and also in football surprised back at school bond remaining in the standings calling monday's two one victory over terry in girls and. let's begin to flushing meadows when the defeated draw fellow dull to secure his third major wave of the year has been determinating for most of the season extending his incredible run to sixty four wins losing just twice. and for the fourth straight time the men's final was. rains in late monday it was also a repeat of last year as the side of one then by ralph one was a different story at this time around bone and down managed to break the said in the opening game but that was one of these few highlights and joke of each controlling the g

headline shortly before that a business with marina. hello and welcome to visit us here on our c.l. fresh concerns about the european economy has caused another wave of turbulence in the global markets stocks are slowing and sharply by hundreds of points and what investors are going the chances of a meltdown in europe just that mel from morgan stanley says russia let's not have much to worry about so far. russia is actually a much better position and other central european countries and say turkey in the region because it has less strong trade and investment relationships with europe because it's more of a global trading country and it's painful the price of global commodities such as oil which depend on growth in emerging markets such as china and into europe overall so russia's for each is toy don't we if growth of china india and not at the moment looks reports and hasn't been affected by the downturn in developed markets and as compared to other. bric countries i think russia is in a process with brazil as essentially a commodity exporter which is exposed to movements in commodi

from the latest for our sports update with kate a suburb so that's culture with the business next marina. hello and welcome to business here on our top story today is of course russia's international investment forum and sought to see where the money is starting to roll in as deals get struck representatives from thirty five countries are in the black sea resort looking for investment opportunities ludmer putin made a speech at the forum and are seized with some of the gentle has the main points for us. well indeed the highlight of the day at the sochi international investment forum was of a thing of putin's view on the macroeconomic situation and what's interesting is that despite the ongoing turmoil on the markets and sovereign debt woes in europe and the united states this year it was a pretty upbeat that if a person said that russia's economy will come back to pre-crisis state in the twenty twelve that is next year that russia will see inflation of no more than seven percent this year according to the central bank inflation will actually gradually decrease by around half a percentage point

just log on to our website that's r t dot com in the meantime the business update is next with marina. hello and welcome to business here on our team new pipelines are sprouting across russia on the other side of the country from north spring of the rusco a gas pipeline now provides a new artery to market in asia and this is our seas that sound off on the global travel there for us. this land is surrounded by some of the most adler jihan green nations in the world consumption in places such as south korea or china is growing rapidly offering great opportunities for gazprom to cash in especially now as it has loads of gas close to the region and red to be exported this new gas pipeline which would lead to more putin is opening rounds from two large of us talk it is able to supply thirty billion cubic meters of gas annually bought to the russians see it is a round here need just a tiny part of that and that's why gas pump is desperate to find buyers for its extra gas and doesn't talks with several contras but it's not all so easy at the moment talks with china are dragging over a prize and pos

and fighting his case for years now now let's see what's happening in the world of business but marina. hello and welcome to business here on r.t. we start with castro bellow roots which is once again seeking phones from russia's as burbank it wants to borrow one million dollars for one year and in return it will put up to fifty percent of a major all over foreigner e ass collateral earlier bellerose asked for a two billion dollar loan but that refused to budge thirty five percent of its main asset fertiliser producer a lot of scholarly the company has a fifteen percent share in the global post's ash fertiliser market and minsk is an investment need of hard currency as it tries to cope with its worst financial crisis since the collapse of the soviet union. russia's or saw is reportedly in talks with iran over building an aluminum plant in the country the world's top aluminum producer could launch production within the i know capacity of three hundred fifty thousand tons of the metal the project could offer all capacity by nine percent but it is overshadowed by the u.s. sanctions over iran the

dot com well for now it's time for business with marina. hello and welcome to business here on our team now in the wake of the plane crashing at us president dmitry medvedev has called for widespread reform of the aviation sector although the cause of the disaster is not yet known the industry has recognised problems such as poor maintenance agent facilities and weak regulation well part of the overhaul is likely to include a radical reduction and the number of airlines. they raised one hundred to. one hundred thirty ten execute eighty five percent. so basically ten is sixty two quite a wart and i mean one hundred twenty even more so before this one hundred twenty go to zero actually and then i mean even ten it's quite a lot so there should be a probably five to seven lines in russia three or four really. competing. lines and. read you know maybe really relying on governments of board because really you know transfers are not that profitable so this is this came to be true should more. let's take a look at the markets now we'll start with oil pri

and business news is next with marina. hello and welcome to businesses here on art see the federal reserve is taken and another saw its active aravind the u.s. economy the central bank admits significant downside risk remains and you know that's a further suppressed long term interest rates it plans to switch four hundred billion dollars of sorts of bonds and some longer maturities so what will work well let's find out will be talking see violence or cut off from renaissance capital it's always us now thank you very much for joining us now to discuss all this new move by the fred accomplish anything especially since interest rates are already was. i think to certain extent yes because the key idea that the federal reserve is having at the moment is to increase the maturity structure of its portfolio so basically what the federal reserve is trying to achieve is to decrease long term rates at the expense of short term rates i think what the federal reserve is trying to accomplish with that is to make it more attractive for busines

developments and the world's other pivotal issues but they don't get a business up there with marina. hello and welcome to business here on arts in russia took a heavy blow in the last bounce of the financial markets herbalists last week the country's in the season last of its hand percents making a rush of the worst performer among emerging markets but this recent weakness presents an opportunity for bargain hunters well on the scene from other creative capital believes that does but in first the now what. taking into consideration prices and love all those am is very attractive but the main point is that there is a significant outflow of global monies that is supposed to hit the place right now according to the recent i.m.f. research paper around eight point two billion dollars from emerging europe and particularly russia is supposed to be get off so there is a big opportunity for emerging market being on the top level right now for big funds but unfortunately the more trying to be conservative and still be in cash and bind us treasuries and rather than looking to your knowledge market. b