i'm andrew stevens in hong kong. >> i'm nina dos santos in london.

i'm andrew stevens in hong kong. >> i'm nina dos santos in london.ou're watching cnn, the world's news leader. we'll be back in four hours time from now. in the meantime, it's good-bye for now. i i guguesess s i'i'm m hehelp huhundndreredsds o on n cacar r. itit p prorobabablbly y alalsot ththatat i i'm'm a a w woros adadvevertrtisisining g ici. chcheeeersrs!! i i memeanan, , whwho o wt wawantnt a a p pieiecece o? gegeicico.o. ahah...... fififtfteeeen n miminunutetes se yoyou u fififtfteeeen n pt ohoh d deaear.r..... oror m morore e onon c carar i .

i'm nina dos santos. n us again in about four hours' time in the second edition where we'll bring you the opening bell in new york. in the meantime you're watching cnn, the world's news leader. >>> this week on marketplace middle east, as tehran turns up the oil taps in franz, we head for the straits of hormuz to get a look at the increasing tensions in the gulf. plus challenges in tunisia as the country drops a new constitution. we sit down with the prime minister to assess tunisia's political road ahead. i'm leone. a wave of international sanctions have been brought hitting iran's already struggling economy in retaliation tehran announces it suspended oil sales to britain. the united states nuclear watchdog visited tehran for the second time in a month. the group failed to reach an agreement with the government on how to verify the nation's nuclear program is peaceful. headed to the straits of hormuz off the coast of iran to get a firsthand look at the growing tensions in the gulf. >> reporter: it's the

i'm nina dos santos at cnn london. >> and i'm andrew stevens in hong kong. you're watching cnn, the world's news leader. we'll see you next time. -- captions by vitac -- www.vitac.com

in the meantime, i'm nina dos santos in london. >> i'm manisha tank in hong kong.'re watching cnn, the world's news leader. good-bye for now.

i'm nina dos santos in cnn london. let's take another look at how the european stock markets are faring. we're about 90 minutes into the trading session today. as you can see here, we are seeing a sea of red. this is largely thanks to moody's decision to downgrade six european countries and put another enormously important countries outside the eurozone and inside the eurozone like the uk, france and austria on credit watch negative which means they could be earmarking them for a downgrade. that's got the likes of the too ftse 100 down by 0.3%, the dax down 0.1%, faring slightly better than the other european markets. the cac 40 being weighed down by the french sovereign rating as well. that market down by nearly 0.5%. britain's finance minister has given his reaction to moody's warning the uk may lose its aaa credit rating. george osbourne says it's another clear sign britain needs to deal with its debt problem. >> if we don't deal with our debts in britain, there will be no growth, no jobs, people won't invest in our

. >>> good morning from cnn london, i'm nina dos santos. >> and a very good afternoon from cnn hong kong. i'm andrew stevens. you've watch be "world business today." our top stories this monday, february 27th. the world bank issues a stark warning to china, free up the markets or face some dire economic consequences. >> g-20 finance ministers say europe needs to beef up its bailout fund. they're ramping up the pressure on germany to lead the way. >> and the numbers say it all. 71-31. julia gillard remains in power but the australian prime minister must now restore unity within her own party. >>> first up, though, european stock markets have been open for a touch over an hour now. it's not get off to the best week so far. it wasn't much different in asia where the trend was overwhelmingly a downward one. let's go over to andrew. zblf that's right, nina. our top story today, the world bank plus a chinese think tank issuing a stern warning to the chinese government. in a report entitled china 2030, the two institutions say china has to move to a freer, more commercially driven economy if it

thanks so much for joining us. >> i'm nina dos santos in london.place middle ea "marketplace middle east" is next. @ >>> this week on "market middle east" mulling over syria as the u.n. security council mulls its options, we look at the economy. plus, the ripple effect. an interview with jordan's prime minister on the impact of events in syria on the jordanian economy. after days of debate at the u.n. security meeting on syria the council is still torn on the best approach towards the country. a rare criticism in foreclosure country, qatar calls for al assad to step down. >> translator: our efforts and initiatives, however, have been all useless because the syrian government failed to make any sincere effort to cooperate with us and unfortunately, the only solution available was to kill its own people. the fact of the matter is that bloodshed continued and the killing machine is still at work. >> russia and china, however, oppose the draft resolution, moscow opposes any words which could lead to a u.n.-led military intervention and say promoting di

i'm nina dos santos in london.ll be back in four hours time with more on why italy and the netherlands are technically going back into recession. going back into recession. for now, it's good-bye for me. -- captions by vitac -- www.vitac.com yoyou u wawalklk i intna coconvnvenentitiononalal ms ststorore,e, i it't's s ry nonot t ababouout t yoy. ththeyey s sayay, , "w"weleu wawantnt a a f firirm m bebn lilie e onon o onene o of ff yoyou u wawantnt a a s sofou cacan n lilie e onon o onene o " wewe p prorovividede t thehe et inindidivividudualalizizatat yoyourur b bodody y neneede. wewelclcomome e toto t thehe slsleeeep p nunumbmberer . nonot t jujustst o ordrdininaran sasalele, , bubut t ththe e bn chchanangege y youour r lilifef. ththe e slsleeeep p nunumb. ththisis i is s yoyourur b bodo. yoyou u cacan n sesee e a a lile prpresessusurere i in n ththe es anand d inin t thehe h hipi. nonow w yoyou u cacan n fet hahappppenens s asas w we e rarr slsleeeep p nunumbmberer s seted alallolow w ththe e bebed d totr toto y y

. >>> good morning, from cnn london, i'm nina dos santos. >> and very good afternoon from cnn hong kong, i'm manisha tank. amid anger on athens streets, politicians try to pull greece back from the brink, approving a new round of deep spending cuts that may help the country head off a messy default. >>> rupert murdoch to the rescue. the news corp. chief flies into london while journalists at his best-selling british tabloid are arrested. >>> and friends and colleagues pay tribute to whitney houston as fans buy up her albums in bulk. >>> they left it late but finally they did it. greek lawmakers last night approved a range of cuts designed to try and secure a second bailout for this one. greece's national unity government secured the backing of most politicians inside the parliament but, however, the mood outside the parliament wasn't n.e.a.r.ly as supportive. tens of thousands of greeks turned out to protest against a further $4.4 billion worth of spending cuts. as these images show, the demonstrations turned violent in many places. at least ten buildings in athens were set on fire. at

. >>> from cnn london, i'm nina dos santos. >> and i'm andrew stevens at cnn hong kong. welcome back to "world business today." >> let's take another look at where the market's going here in europe. we're about 90 minutes into the trading day. of course, greece's future in the eurozone hanging in the balance this friday after eurozone finance ministers rejected a plan that the greek government had managed to put together to try and cut into the austerity budget and also try and make more cuts, notably, on contentious issues, like for instance, pension cuts. wasn't good enough for eurozone finance ministers and they've rejected the plan and it's back to the drawing board, giving the markets a sense of nervousness after yesterday's euphoria. the dax is down 0.9% and the cac and just the ftse holding up, though just a third of a percent, andrew. >> there's a lot of expectations built into the fact that greece will sort out this issue, hasn't there, nina? and they're certainly taking it to the line, two more days and we would hopefully have a result. now, here in asia, the g

nina del santos. >> welcome back to "world business today." >>> let's take a look at what's going on in europe. we're 90 minutes into today's trading session. what we're doing at the moment is tracking gains that have been going on in other parts of the planet, such as asia. not huge movements in these markets, but bringing back some of the losses we saw in yesterday's session. greece is paramount to many an investor today, this is because we've got a meeting of political investors going on later today, in which they're going to be finalizing the bailout. that meeting is delayed until today. as the talks resume, markets are nervous, but some of them still managing to push higher, particularly the eurozone markets, like the xetra dax, which is up just under 1%, and the paris cac, up .75%, manisha. >> we have hopes of those debts being covered in greece. we've seen decent gains today. greece very much in focus. it has been over the last -- well, it goes back quite some time, wasn't it? automakers were higher in particular in japan, that helped by earnings news out of the biggest ones, toyota, for example. sony has been downgraded to bbb-plus by s&p. we've tal