qualifications on paper a perhaps a personality to be the minister of finance visit last year the central bank governor who worked in the ministry of finance business you can who was a deputy minister of finance deputy central bank governor there's talk of rich the president's economic adviser those deputy ministers in the ministry of finance such a store chap who have a capacity to to to fulfill the role model to trim the hires to track record he has credibility and you don't build that up overnight and russia needs a steady hand on the fiscal tiller today. and that's all the business news for now but don't forget to check our website in our consul ask business for more business stories. on. lulu move. move. to. british. hi guys.

qualifications on paper and perhaps personality to be the minister of finance visit the central bank governor who works in the ministry of finance and he was a deputy minister of finance deputy central bank governor is to walk with which the president's economic advisor his deputy ministers in the ministry of finance such a store jack you have the capacity to to to fulfill the role i want to trim the track record he has the credibility and you don't build up overnight and russia needs a steady hand on the fiscal tiller to. first take a look at the markets the r.g.s. is adding three and a half percent and the mice it says are two and a half percent this hour let's have a look at some of the individual share moves on the my six energy stocks on the rise of meet strong with crude oil is gaining two and a half percent this hour among the miners all the metro is gaining more than one percent as precious metals are advancing and in our perceptions are afloat is not in the main gayness astral four hundred twenty fold increase a net profit for the first half will be here health also says it's considering listing in dublin and

qualifications on paper and perhaps personality to be the minister of finance there's ignatieff the central bank governor who worked in the ministry of finance this view given there was a deputy minister of finance deputy central bank governor those to walk of which the president's economic advisor those deputy ministers in the ministry of finance such a store jack you have the capacity to to to fulfill the role want to trade with the track record he has the credibility and you don't build that up overnight and russia needs a steady hand on the fiscal tiller today. let's take a look at the markets the r.t.s. is adding three and a half percent and then my six is up two and a half percent this hour let's have a look at some of the individual shares moved on the my six energy stocks are on the rise and meet strong with crude oil is gaining two and a half percent this hour among the miners all the metal is gaining more than one percent as precious metals are advancing and in other sectors are a fortress among the main gayness after a while four hundred twenty fold increase in net profit for the first half of the here our floor also sa

qualifications on paper and perhaps personality to be the minister of finance visit the central bank governor who works in the ministry of finance his view can he was a deputy minister of finance deputy central bank governor those two could reach the president's economic and those deputy ministers in the ministry of finance such a store check you have the capacity to to to fulfill the role want to trade past the track record he has the credibility and you don't build it up overnight i'm russia needs a steady hand on the fiscal tiller today. the ruble has extent is losses to of two year minimum against the greenback it lost more than a percent on monday with one dollar at more than thirty two rubles so far now in order to support the russian currency the central bank has sold five billion dollars into trading sessions. i want to come back explains what the russian currency me to leave out. what you need i think fundamentally is a joint effort by the european community to come up with a coordinated approach to the current crisis and such a package that is credible for the markets would serve to stabilize the dynamics th

qualifications on paper and perhaps personality to be the minister of finance visit last year for the central bank governor who worked in the ministry of finance business you came in there was a deputy minister of finance deputy central bank governor there's talk of rich the president's economic adviser those deputy ministers in the ministry of finance such a store track you have the capacity to to to fulfill the role want to trim a higher stock track record he has credibility and you don't build that up overnight so i'm russia needs a steady hand on the fiscal tiller today. and that's all the business news for now but don't forget to check our website r.t. dot com slash business for more business stories. lulu move move . well see british science it's time to. market why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds of reports . eleven thirty am in moscow these here are t. headline the greek government set to approve more unpopular taxes as a tries to convince european lenders to hand over another slice of the bail

qualifications on paper and perhaps personality to be the minister of finance is ignacio the central bank governor who works in the ministry of finance business you can who was a deputy minister of finance step the central bank governor those to walk of rich the president's economic advisor as deputy ministers in the ministry of finance such a store track you have a capacity to to to fulfill the role not to trim the track record he has the credibility and you don't build it up overnight and russia needs a steady hand on the fiscal tiller today. that's all for now final stories just log on to our website r.t. dot com slash back to watch. the. very first verses of the bible to all human beings are created but sentimental came in god's image and it doesn't say just jews or not i do. sixty seventy percent of what i did as a common soldier knighted by territories was to do with the turds doing what we call making our presence so you go out shoot some bozo here in arkansas the doors run to the other corner and they don't know how religion and nationalism not just judaism have been a part of the problem they've been part of what

qualifications on paper and perhaps personality to be the minister of finance visit the central bank governor who works in the ministry of finance you can he was a deputy minister of finance deputy central bank governor those two could reach the president's economic advisor those deputy ministers in the ministry of finance such a stall chuck you have the capacity to to to fulfill the role i want to treat with the track record the house of credibility and you don't build it up overnight i'm russia needs a study to speak to. take a look at the markets now i hear the figures for the r.t.s. in my six adding over two and a half percent this hour and let's have a look at some index movers on the rise next energy stocks on the rise and stronger crude look or this gaining just nearly two and a half percent the nationals are no exception with the country's biggest lender spare bank up over three percent in other sectors airflow is among the main game as a trade reported a twenty one fold increase in net profit for the first half of the year the company benefited from the sale of non core assets and rising passenger traffic. ma

qualifications on paper a perhaps a personality to be the minister of finance visit the central bank governor who works in the ministry of finance his view given he was a deputy minister of finance deputy central bank governor those two could reach the president's economic adviser those deputy ministers in the ministry of finance such a store jack you have the capacity to to to fulfill the role want to trade with the track record he has the credibility and you don't build it up overnight i'm russia needs a steady hand on the fiscal to. tell us take a look at the markets russian stocks are rebounding here the biggest for the r.t.s. in my eyes it falls out adding over two and a half percent now let's have a look at something that moves on my sex and stocks on the rise of a stronger crude who lukoil is gaining over two percent and financials are no exception with the country's biggest one is their bank up to three percent in other sectors airflight is among the main game is up with reported a twenty one fold increase in net profit for the first half of the year the company benefited from the sale of non core assets and r

. >> the ministry of culture, the billing authorities, the ministry of finance, they all have these so-calledublic servants whose salaries are paid for my money, but i still had to pay bribes to get them to sign the papers and ensure everything was in order. they demanded money to give me something i am entitled to. that is blatant corruption. >> he admits he has paid bribes, making him a part of the problem. but, he says, he had no choice. now he is stuck in a difficult situation. he already invested his money in the project, but the government still has not paid out a loan he was promised. instead, outside investors are approaching him with shady offers. >> the government says i cannot get my money because of the debt crisis. these companies keep coming to me and saying they can get the money from the government. they want 10%, or four hundred thousand euros. if i do that, i will not have enough to build a hotel. >> he says he has never seen these companies before, but somehow they have detailed knowledge of his building plans. >> basically, there is this clan of politicians, the various la

indispensable people but this is probably the closest that gets too big and dispensable within the ministry of finance i personally think there is a possibility that. other members of the cabinet will try their best to convince mr quadrant to stay and work on the new cabinet i think certainly if that is the case the markets will take it as a very positive news press office lot of chief economist at deutsche bank thanks a lot for your analysis and that's all we have time for nor join us unless they want to time for another business update and get more stories in and also from a website r.t. dot com. we'll . bring you the latest in science and technology from the round. we go to the future of coverage. in south boston our must go this is as president of the. rather than prime minister putin prepared to level switch media at home when a poll would have to hold back the reaction opinions upon ranging from cooling the move this is definitely the right direction to a new school chess game. the un's raised. with school save the palestinian state to this which president mahmoud abbas two hundred miles between

indispensable people but this is probably the closest that gets to being an dispensable within the ministry of finance i personally think there is a possibility that mr. other members of the cabinet will try their best to convince mr clinton to stay and work on the new cabinet i think certainly if that is the case the markets will take it as a very positive news first off a sort of chief economist at deutsche bank thanks a lot for your analysis and that's all we have time for knowledge on us unless they want to sign for another business something you didn't get in the stores an analysis from one website archetype homes that business.

and medium business however the practice has been criticised within the government itself the ministry of finance doubts the effectiveness of the handouts rather than loans another problem is then willingness of russian capital to invest in start ups it's much easier for russian and tipper nurse to find understanding in money abroad ideas go west as a result is such a forum will explore solutions for reversing the trend. well. we we we saw you should biography in the beginning of the program you were very young you just over thirty what did you achieve so far you have a public figure so we don't know a lot about you what have you done which made you. such a high position with only the head of a fortune above you in a certain sense right. after grit and finance academy in moscow in one thousand and seven in one thousand and eight. organize my own company i had nothing so my first company was consulting company because i didn't have enough . money to make in investments and some others here and there i started with consulting in the valley in structuring projects and i'm now my company is. four hun

culture is the same i'm going to go to the ministry of finance talk to friends try to keep in the geopolitical order in the middle east and the arab world is ankara making a bid to play the role of the regional hegemon on the back of. in some petersburg oh she's available in hotels a story of a militant ambassador really some schools he could tell a trip to the soto patristic hotel gold to gold and nova tilson to. stone just a ski lift in a sea of qantas ski business.

potations on paper but perhaps a personality to be the minister of finance visit last year the central bank governor of new works in the ministry of finance business you can it was a deputy minister of finance deputy central bank governor first of all could reach the president's economic advisor those deputy ministers are going to define it such a store track you have a capacity to suit your fulfill the role want to be treated as the track record he has the credibility and you don't build it up overnight on russia needs a steady hand almost just until today. taking a look at the markets now oil prices are heading up amid speculation that the european central bank may alleviate the region's selvin debt crisis boosting growth and fuel finance by sweetness trading at eighty one dollars about this hour while brant is at one hundred five dollars per hour and markets in asia are on the rise after reports that policymakers are considering new plans to support european countries struggling with debt or national stocks are leading the rally in a cave balls with the syndrome usually and you can be sure financial groups gaining around thr

qualifications on paper a perhaps personality to be the minister of finance visit last year the central bank governor who works in the ministry of finance business you can he was a deputy minister of finance deputy central bank governor those two goodrich the president's economic advisor those deputy ministers are going to be fun and such a school jock you have the capacity to shoot yourself fill the role want to train with the track record he has the credibility and you don't build it up overnight i'm rushing leads a study i don't know if this new killer today. was take a look at the markets russell stocks are rebounding here the biggest or the r.t.s. in my eyes it falls out adding over two and a half percent now let's have a look at something that's movers on the rise xander starts on the rise in a stronger crude who cornell is gaining over two percent and financials are no exception with the country's biggest one is where banks are with the sand and other sectors therefore it is among the main gainers up from supporters at twenty one fold increase in net profit for the first half of the year the company benefited from the

the qualifications on paper a perhaps personality to be the minister of finance visit the central bank governor who works in the ministry of finance this view can he was a deputy minister of finance deputy central bank governor those two could reach the president's economic could follow those deputy ministers in the ministry of fun at such a store charge you have the capacity to to to fulfill the role want to trade with the track record he has the credibility and you don't build it all over noids i'm russia needs a study to school today. taking a look at the markets now oil prices are heading up a mint speculation that the european central bank may alleviate the region's sovereign debt crisis boosting growth and fuel for manned flight sweetness trading at eighty one dollars a barrel this hour while brant is at one hundred five dollars per barrel and markets in asia are on the rise after reports that policymakers are considering new plans to support european countries struggling with debt financial stocks are leading the rally on the nikkei falls with both of us and told me personally and you can be sure financial groups

that there is no mechanism by which for example the european central bank or european treasury ministry of finance ministry said income tax policies can have any kind of any kind of democratic leaders. and it's got to fool that there needs to be more consensus here but as this crisis continues there's less consensus because the germans will say hey we've done enough more than our fair share but what is really necessary is for some kind of political consensus i'm going to stay away from the union right now we can get there later but there has to be a political consensus is that possible right now because it seems that the inclination is to go in reverse the problem is even worse i mean unfortunately the social democrats whether it's in germany or in any other european union country operate under thatcher's maxim that there is no alternative they're not acting as social democrats and they're not imagining any different policy moreover when the public actually does begin to engage these issues they're charged with acting in populist ways and they're just absolutely dismissed the level of arrogance by

of finance minister. richard haynesworth trading believes that new measures to make it more transparent well now inevitably be delayed. everything is put into question by the changes in the ministry of finance. however there are questions that need to be decided also you have to bear in mind the term of office for mystic motive is coming to an end and so the question is who is going to replace mr not to all questions of future reform are probably going to have to wait until we see who the new head of the central bank is going to be a but they do need to be reforms to the situation around bunch of moscow situation so school all of the points that were bought three of will have to be looked up so there are areas where reform is needed in the investors are looking. at let's take a look at the markets always seeing you sort of losses ahead of reports that may signal a slowdown and corporate growth investors expect because to show that u.s. durable goods orders fell and that european consumer confidence declined to review loans pember brand glenn is trading at around one hundred six dollars per barrel while. eighty three dollars per barrel stocks in asia mostly lower away this day wes

invoicing told the so get paid until the sun does so goes to reserves so for example he feeds ministry of finance. we could request that whole system china before and be now that the chinese government has allowed r. and d. for such a moment for such transactions so max what do you think of this if it because this is always the this is the thing backing the us dollar the only thing back in the us dollar at this point is while so what do you think will happen if if nigeria starts trading in yuan well this is why we've talked to economists like michael hudson or catherine austin fitts they say what backs of dollars war and war of an oil are para pursue so to speak so yes as the warfare state of america collapses then that puts additional pressure downward pressure on the dollar it's holding up relatively well and my theory there is that ninety percent of the dollar buying is done through high frequency trading algorithmic trading computer trading in this is all done really through the shadow banking system and this is why the us death keeps pulling off balance sheets of the hundreds of trillions of

of finance minister. richard haynesworth from rating believe that new measures to make it more transparent allow inevitably be to late. everything is put into question the changes to the ministry of finance. however there are questions that need to be decided also we have to bear in mind the term of office for mystique noted is coming to an end and so the question is who is going to replace me with all questions of future reform probably going to have to wait until we see who the new head of the central bank is going to be but they do need to be reforms to the situation around the situation so school all of the world bought. off to be looked up so there are areas where reform is needed to look in the. meanwhile russia's financial institutions are preparing for a possible second wave of crisis nation's capital has decided to cut ten percent of its staff as. a critic is also planning to shed some of its workforce. and state development bank be has reduced its portfolio growth plans by ten percent the bank is concerned it may find it hard to raise capital abroad because of global economic problems. let's take a look at the markets now all is seeing new set of losses ahead of repo

of finance minister i excluded richard haynesworth from illustrating believes that new measures to make it more transparent allow inevitably to late. everything is put into question by the changes in the ministry of finance. however there are questions that need to be decided also we have to bear in mind the term of office for mistake not to risk coming to an end and so the question is who is going to place mistake not for all questions of future reform probably going to have to wait until we see who the new head of the central bank is going to be but they do need to be reforms to the situation around moscow situation so score by all of the points that were bought by the table in have to be looked up so there are areas where reform is needed is a look and you know. meanwhile russia's financial institutions are getting ready for a possible second wave of the crisis and this is capital has decided to cut ten percent of its staff so has to be create is also planning to shed some of its workforce and the current volatility as states evolve and back the e.b. has reduced its portfolio growth by ten percent back dowd's it may raise capital abroad because of global problems. let's take a look at the m

share a currency and not share a fiscal policy and sharing fiscal policy and having one single ministry of finance is impossible in there's something no one wishes so that as the equation which has no other solution then enabling some countries really there's minor that's what i think as an economist and i thank you for they store their economy stand up politician of the free third isn't a party many times and speaking to us from prague. russia is marking the painful anniversary of the beslan hostage crisis in which over three hundred people died most of them children. we've all been mourning for seven years already and our tears westray my nephew died here he was a clever ten year old boy who could have become a great man. my nine year old son died here it's the hardest tragedy to lose a child. dreads talbott out with school today flowers and like candles in memory of the victims the mourning will continue until the third of september marking the generation of the hostages deal which lasted for fifty watt hours and fifty minutes as are used to do the course of our course the tragedy has passed so

share a currency and not to share a fiscal policy and sharing fiscal policy having one single ministry of finance is impossible if there is something that no one wishes so that as the equation which has no other solution then and labeling some countries through. syria now i think government is a key to yet more fascist and deadly assaults on its restive settings but with most foreign correspondents there remaining out a tight control it's hard to get alan support and objective comment out even with one of the few reporting from the troubled country. mass murder tearing catastrophe a country on the brink of a revolution this is what you see every time syria pops up in the headlines but what is really happening in a country where hardly any foreign journalists are present there's even been the implication that some of the images we're being shown have been digitally manipulated and there have been reports of available online that you can watch of footage that was taken in bahrain and said to be taken in hama and it's showing the same footage and on different stations with different backgrounds digi

everything is put into question by the changes in the ministry of finance. however there are questions that need to be decided also you have to bear in mind the term of office for mistake not to this coming to an end and so the question is who's going to replace mystic nuts with all questions about future reform are probably going to have to wait until we see who the new head of the central bank is going to be but they do need to be reforms to the situation around bumpers not stall situation so school all of the points that were bought from my favorite have to be looked up so there are areas where reform is needed and that's just one opinion. and let's take a look at the markets or seeing you sort of last as the head of reports that may signal a slowdown and call the growth investors expect because to show that u.s. durable goods orders fell and that european consumer confidence declined to two you know it's. grand plan is trading at around one hundred six dollars a barrel while being for the eighty three dollars per barrel stocks in asia mostly lower on wed

of finance minister alex included richard haynesworth from trading believes a new measures to make it more transparent will not inevitably be delayed. everything is put into question by the changes in the ministry of finance. however there are questions that need to be decided also we have to bear in mind the term of office for mr you cannot have this coming to an end and so the question is who is going to replace mr. all questions apart future is probably going to have to wait until we see who the new head of the central banks bank should be now but they do need to be reforms to the situation around situation so all of the banks that were bought by the three of have to be looked up so there are areas where reform is needed in the investors are looking at. here while russia's financial institutions are getting ready for a second wave of the crisis renesas capital has decided to cut ten percent of its staff so he's going to be a critic is also planning to shed some of its workforce of the congo and state development bank has reduced its portfolio growth growth plans by ten percent and i doubt it may raise capital abroad because of global economic problems. and that it's all the update i have for