russian markets finished in the red on tuesday with both the r.t.s. out there myself losing more than one and a half percent as you may just were drug of both the bourses nuchal shed at one point nine percent on the r.t.s. while last math was the biggest loser on the my sex down more than two percent close. russian banks are continuing to cut deposit rates for individuals the central bank says the maximum interest rate for deposits in roubles this month is less than one percent that's close to pre-crisis levels the rates have decreased by around six percentage points in a year however the banks are still attracting more cash from individuals the central bank says deposits grew by around two and a half percent in july. and that's all from the business scene for now but i'll be back with more updates for you in about an hour's time and of course you can always find more stories on our web site that's slash. how's that parking. car appliances in so many years until they come to visit you. do you think the property bought on credit really belongs to you.

russian markets closed in the red on thursday with the majority of the blue chips shedding value the r.t.s. lost less than a percent otherwise it finished just dipping banking shares with the main drag bucking the trend of the r.t.s. . finished up two percent higher. american fast food chains a wendy's and arby's are coming to russia they've signed an agreement with a local company affiliated to food service capital and plan to open one hundred eighty restaurants over the next ten years the russian restaurant market has huge upside as it's still one of the least penetrated the teller reports. fast food far forced based world the financial crisis is changing the menu of russian diners many casual and fine diners have caught their restaurant budgets but still haven't turned away from eating out there are currently about a dozen large fast food chains in russia and analysts say there's still a lot of room for growth the second is still very strong on the developed compared to the u.s. the fossil segment of course has a way to grow. and if you just come from a fetus in russia the rest are on t

next hour here in moscow they finished in the red on tuesday with great the r.t.s. and the my six losing more than one and a half percent each energy mages a drag on both the bourses new clothes shed one point nine percent on the r.t.s. what was left was the biggest loser on the my stocks down more than two percent. russian banks are continuing to cut deposit rates for individuals the central bank says the maximum interest rate for deposits in roubles this month is less than one percent that's close to pre-crisis levels the rates have decreased by around six percentage points in the year however the banks are still attracting more cash from individuals the central bank says deposits group by around two and a half percent in july. and that's all the business use for now but i'll be back with more updates for you in about an hour's time and of course you can always find the stories on our website. slash. if. russia would be so much brighter if you knew more about someone from financed impression so. please for instance on t.v. dot com. wealthy british style aside some

horses bucking the trend on the r.t.s. that was not a finished off point two percent. telecom. head of analysis at forex club again explains why the stock market's trading in the red this week. as usual russian markets for the correlated with the international markets this week and the main use came from a. federal reserve. rate unchanged bots didn't fill my shit up to meet them into market saying that economic environment for them to remain very challenging that's why investors remain very cautious about their volatile markets and about. the old economy. so they invest. as a share so. that's why it's all russian markets during this week in red that dragonflies raging across russia this summer have spurred russians into travel frenzy also the delights of tory agencies. to all regencies are reaping the benefits of summer twenty ten as russians fed up with extreme environmental conditions flee the country. spain israel and egypt have all seen record numbers of russian tourists this summer yet by your question it's absolutely unbearable in moscow because of the heat and fires so i

was the top when all the r.t.s. with the sat. let's cross over to europe i want gets a rising up to jell going to exports reached the highest level since the late two thousand and eight and indication that the economy is slowly recovering oil and energy majors are leading with show. up between one point three two point two percent oil giant b.p. gain two percent after it said cementing procedures well in the gulf of mexico have been successful to travel is leaving over three and a half percent siemens is. up two point eight. that. out of the u.s. stocks are all of the rise follow european gains as investors a wage but will reserve report the market is getting a lift from some upbeat company news as well as with mcdonald's reporting strong july sales. were just first low cost airlines express is facing the prospect of having its license revoked because of financial problems and a lack of reliability it was supposed to be a pioneer in the new world of low cost air travel in russia so it would ever be possible to fly cheap in russia

and also in the russian capital join r.t.s. we had to the moscow car show to see the latest models the auto industry has to offer get the details at our side are. the motions to be soo much brighter than if you only bounce from phones to parachute in some. screen stunts on t.v. dot com. more news today vorlon says once a game flared up. these are the images the world has been seeing from the streets of canada. china corporations are old today. what you are going to life in moscow a senior government prosecutor in afghanistan says he's been forced to retire for aggressively promoting corruption investigations some of the people under suspicion were top officials and while of president hamid karzai aides are his military analyst says the afghan leader is doing everything in his power to block u.s. efforts to beat corruption and drug production in this standoff between. general betray us. president has scored again. in his in c.p. a battle against the american anti-corruption efforts first time got his eyes scored when he complete

norilsk nickel is the top winner so far on the r.t.s. over three percent banks also highwood. one percent in the block. and now let's cross over to europe where markets are rising up to german exports reached the highest levels since late two thousand and eight and indications that the economy is recovering oil and energy majors are leading with world dutch shell repsol and all up between one point three and two percent. gain two percent after it said cementing procedures. in the gulf of mexico have been successful to travelers leading over three percent of the foot sea and siemens is the leader on the docks two point eight percent. and in the u.s. stocks are on the rise in early trading following european gains as investors await federal reserve report the market is getting a lift from some obsolete company news as well as reporting strong sales. are low cost airlines sky express is facing the prospect of having its license revoked because of financial problems and a lack of reliability it was supposed to be a pioneer in the new world of low cost to travel in russia so ever b

russian markets finished the day in the black with the r.t.s. game point seven percent and i'm isaac's getting slightly over percent hydro gas probably going to be over the top performers on the rise extending over one of the sad well north of the top player on the r.t.s. over three percent. russia's first low cost airline sky express is facing the prospect of having its license revoked because of financial problems and a lack of reliability it was supposed to be a pioneer in the new world of low cost air travel in russia so will it ever be possible to fly cheap in russia that's not because. this airplane costs about ten dollars fortunately this is the closest trust can get to a low cost airline in this country of regular air carriers so even the best six flights at the price of many people's monthly salary and russians are craving for the discounters so popular abroad eight pounds from liverpool to a crack of twenty euros from front for russia's low cost airlines sky express was meant to be like that. however it's and that raising prices to mat

some major companies the russian markets finished monday's session in the black hair in moscow the r.t.s. put on more than half a percent on the my six gained over one percent and nicole was the top performing blue chip on the r.t.s. up over three percent a close wild west hydro gas pump. all out performed on my sex gain i thought one and a half percent. more than one hundred thousand people fled moscow on sunday due to heat and smoke blanketing the city and sold extra tickets for the weekend but worsening weather conditions have led to flight delays in moscow airports. it's horrible to see the small good and the climatic conditions we're experiencing them and does it have a huge impact on the business and may encourage people to leave the city and fly to the beaches in the south so i think i'll sell and destinations are doing very well in terms of the operation i mean it has had some some small impact on operations to date what are your company's extension plans we're aiming to put phase down at the same level as the royal road problem i'll trademark has been five hundred roubles they a

operating profit in two years and here in russia the markets are trading in the red dishonorable the r.t.s. and. less than half a percent yes has been for us too negative energy majors shares of oil and well snap that's down on the r.t.s. so it's known as. the construction of the north stream gas pipeline has reached an important milestone with the second branch of the pipe finally coming ashore in russia the project will provide gas to many ends of european homes when it's completed in two thousand and twelve and i think a question of a half a tease. where he. banged the baltic sea where the construction of the noise pipeline is taking place and now what you see behind my back to pipelines the first one was pulled out of the water and that russian soil just a week ago owned july the twenty eighth and what happened just a couple of hours ago is that the second pipeline reached the russian shore and many here say that this was a milestone for the whole construction of the noice pipeline project now what you see all says that's those pipelines along in a special strange this train will be ba

was the top where all the r.t.s. over three percent. were just first low cost airlines sky express is facing the prospect of having its license revoked because of financial problems and lack of reliability was supposed to be a pioneer in the new world of low cost air travel in russia so will it ever be possible to fly change in russia the topic or find out. this airplane costs about ten dollars unfortunately this is the closest trust funds can get to a low cost airline in this country regular air carriers so even domestic flights at the price of many people's monthly salary and russians are craving for the discounters so popular abroad eight pounds from liverpool to crack of twenty euros from front for russia's low cost airlines sky express was meant to be like that however and about raising prices to match the network airlines but without the reliability or in-flight service constantin to tear down the head of charter airlines redwing says flying low cost is very expensive in russia and the experience of express proves it is impossible

energy majors the mind six has opened on the upside shares of oakland well snapped in the red on the r.t.s. so it's enormous to make you. think now the construction of the north stream gas pipeline has reached an important milestone with the second branch of the pipe finally coming ashore in russia project will provide gas to millions of european homes when it's completed in two thousand and twelve by the coach and i have the details. where he and. the baltic sea where the construction of the noise pipeline is taking place and now what you see behind my back to pipelines the first one was pulled out of the water and reached the russian so we'll just do we could go all in july the twenty eighth and what happened just a couple of hours ago is that the second pipeline that reached the russian shore and many here say that this was a milestone for the whole construction of the noise pipeline project now what you see also is that those pipelines are lining the special train this train will be back filled up to the initial seabed level when the construction of the pipeline is over but now this tr

time check out the markets now here in moscow the r.t.s. m i six fish wednesday session in the red on low oil and metal prices by meter gothic i still felt two and a half percent wealth was the main loser on the r.t.s. shedding more than one tenth. of the country's most notable tycoons are going head to head for control of new rails nickel. body therefore talent both own twenty five percent of the myler through their various companies each is accuse the other of mismanaging more nickel and also by their fellow shareholder out but neither wants to sell ryan gauld of specialized research an investment explains the conflict. when you look at the conflict i think it comes down to one basic issue and common sense says it's money so both patellar and both very possibly need money for their own ventures so. the resolution basically comes down to. who can take full control over else can either take money out of the company in the form of a dividend which would be fantastic for minority investors that's what i promote it in sydney. or they use the s

the russian markets are trading high here in moscow on friday the r.t.s. has climbed behalf of the sun so far having been the worst performing sector on the my sex on the first day banks and now leading the blue chips higher by spike and bt be up around one percent this hour. american fast food chains wendy's and arby's a coming to russia they've signed an agreement with a local company affiliated to food service capital one hundred eighty restaurants over the next ten years the russian restaurant market has huge upside is that still one of the least penetrated to tell you how close reports. fast food far forced based world the financial crisis is changing the menu of russian diners many casual and fine diners have caught their restaurant budgets but still haven't turned away from eating out their country about a dozen large fast food chains in russia and analysts say this still a lot of room for growth the second is still very strong on the developed compared to the u.s. the hostile sentiment of course has a way to wear off. and if we just come from figur

claims increased back more than one of the main loser shedding more than one a half percent on the r.t.s. . it's pretty banks spent more than a billion rubles in the first half of the year on advertising more than any other bank in the country it came in second spending more than seven hundred million rubles twenty four we told branch of the bank spent almost three hundred million and spread bank bills to the number of credit card nation by sixty five percent in the first seven months of the year as of august first bank credit cards and exceeded five point six million. thursday was rate staying in europe both the european central bank of the bank of england followed market expectations and kept their policies the same. president john called tree shea said that the eurozone economy was recovering faster than expected this provided a brother lift the single currency against the dollar a move has be seabag in london and sees sustainable we believe that some of the panic that was within the euro zone was a bit overdone that we do have structural challenges in the us as well the twin deficits

here in moscow the r.t.s. is open higher in the first few minutes of trade all judge rules net is a main gainer already up a point two of a percent as it recovers some of friday's losses. russia's number two break d.t.b. was to privatized at least ten percent of its shares according to interfax the news comes as the government prepares to sell big stakes in state owned businesses to raise cash earlier this month business all to be revealed in talks with the oil rich states of kuwait about taking a stake. and libya putin is backing the creation of a green exchange to stop shops hiking prices and to monopoly watchdog says the cost of a loaf of bread is going up as russia's drought continues despite sufficient reserves across the country ahead of the watchdog now wants at least fifteen percent of russian game contract to be traded through the public exchange and make pricing transparent. aluminum giant result has hired top banks merrill lynch credit suisse as consultants in the takeover battle for north nickel an

here in russia the r.t.s. has just opened up in early trading. after leading the games time comes to start finish last week both oil and metals were in retreat on friday dumping mean best in japan commodity futures. now russia has set a new visa terms of foreigners paying to work as it is ation sent to skulk with a businessman will initially get a single thirty day visa after handing it up the cation if they come into the country for talks highly qualified specialists will have an opportunity to get a three year working visa which can. extended several times but being classed as especially with based solely on the salary for a semester and five point six thousand dollars or more a month the government things scuffing new visa term to business that since spring this year. now in other news more than thirty percent of experts working in russia were forced back to their respective countries because the financial crisis but companies in rush hour ready beginning to rehire foreign labor as the economy rebounds my book of chamber has the details russia

the russian markets are high in early trading friday here in moscow the r.t.s. has climbed more than one percent so far the real cynical is among the top getting the chips there and having been the worst performing sector on the my sex on the first day of functionality in the blue chips high with m p t beat up more than one percent this hour. american fast food chains a wendy's and arby's are coming to russia they've signed an agreement with a local company affiliated to food service capital and plan to open one hundred eighty restaurants over the next ten years the russian restaurant market has huge upside as it's still one of the least penetrated to tell you how kind of reports. fast food for thought. the financial crisis is changing the menu of russian diners many casual and fine diners have come to the restaurant budgets. but i still haven't turned away from eating out there are currently about a dozen large fast food chains in russia and analysts say this still a lot of room for growth the second still very strong on the dual compared to the us while the ho

let's take a look at the russian markets both the r.t.s. and the mite since gained more than a third of a percent by the close but most damaging measures shares were trucking with to have met placing more than seventy percent. machines company russia's biggest power engineering benefactress has posted first top profits of ninety eight million dollars the company's profit growth eighty four percent year on here whether revenue changed marginally to seven hundred twenty eight million dollars. to siberia and co energy company has returned to profit in the facts top of twenty ten russia's largest producer of fuel for power stations said net income was one hundred fifty five million dollars compared with a loss of six million a year so a credit is stronger demand and prices will improve performance. prime minister vladimir putin says the standoff between two main shareholders elected him and let him at the time and is damaging for the company but he stressed that the government only has a limited capacity to resolve the conflict meanwhile neuroc

and here in moscow the russian markets are gaining on monday with both the r.t.s. and the my sixty more than a third of a percent so far banks performing on the my six. one percent. making gains. to stop before giving it to this eight percent the stock. machines company russia's biggest power engineering manufacturer has posted first top profits of ninety eight billion dollars the company's profits rose eighty four percent year on year how whether revenue remained unchanged at seven hundred ten million dollars. a siberian co energy company or suez has returned to profit in the fact top of twenty ten russia's largest producer of fuel for power stations said net income was one hundred fifty five million dollars compared with a loss of six million. so that credit and stronger demand and twice. as for the improved performance. prime minister vladimir putin says the standoff between nichols' two main shareholders and they did it and limit the time in is damaging for the company but he stressed that the government only has a limited capacity to resolve the conflict then

and here in moscow the russian markets are gaining on monday with the r.t.s.in the half a percent so far banks are out before me on my six quest burbank is up one percent and also making gains what is to stop a form gaining almost one percent. paul machines company russia's biggest power engineering manufacturer has posted vast top profits of eighty nine million dollars the company's profit rose eighty four percent year on year whether revenue changed marginally to seven hundred twenty one million dollars . and the siberian co energy company or through a password tends to profit in the facts top of the twenty two. russia's largest producer of fuel for power stations said that income was one hundred fifty five million dollars compared with a loss of six million in the early am so that credited stronger demand and prices for the improved performance. and prime minister vladimir putin says the standoff between nichols two main shareholders and they did the pasta and let him at the time is damaging for the company but his stress that the government only has a limi

rebound in the russian car market which is being targeted by manufacturers from all over the world r.t.s. daniel bushell visited the motor show to find out more. permits here are the most going to national motor show after this pushing a new competitor to the globally dominant g.p.s. . it's called blown has been in development in russia for decades and. will now put it in its cause next year but the key focus is luxury moscow already has more luxury cars than anywhere else and jaguar hopes the new all were. well tickle vocal fun see our member two years ago the head of b.m.w. here showing me my brand new bullet proof beam on this follows in that tradition there's also world firsts like the new landrover and the most powerful ever porsche nine one one. the show was counseled last year as the months long but i spent today the same balls but there was two years ago and then deal sales in russia call sales have jumped almost fifty percent last month on july two thousand and nine the company with one of the most ambitious strategies these guys is trying to revamp its entire range russia's num

here in moscow the russian markets are gaining on monday with the r.t.s. on my six more than a third of a percent higher so far finds alpha forming on the my sex west bank is up one percent and he wages are also making gains fops ross telecom is the star performer eight percent this hour. power machines company russia's biggest power engineering manufacturer has posted first half profits of ninety eight million dollars the company's profit rose eighty four percent year on year however revenue remained unchanged at seven hundred ten million dollars. a leading russian pharmaceutical manufacturers since bez is planning an initial public offering to raise sixteen million dollars the company will place thirty percent of the shares on moscow's might six stock exchange it hopes to use the cash to fund the company's investment program which includes a new factory to pieces but international expansion the i.p.o. is expected to be completed in the event of. russia is the worlds. biggest producer of oil but despite having the resources it does not organize the market

the top performing on the r.t.s. up over three percent close. all up before the my sex gaining over one and a half percent. well then one hundred thousand people fled moscow on sunday due to heat on small getting the city most airlines sold extra tickets for the weekend but was saying weather conditions have led to flight delays in moscow. it's horrible to see the small good climatic conditions we're experiencing them and does it have a huge impact on business and my car for people to leave the city and fly to the beaches in the south so i think i'll sell in destinations are doing very well in terms of the operation i mean it has had some some small impact on our operations to date what are your company's extension plans we're aiming at to put the same level as royal royal problem i'll trademark has been five hundred roubles they are bhatkal two hundred fifty rubles one way so the key way of motivating people to fly is a cold. but you've got a couple that we've safety and reliability and safety is a key issue for us as well you have combat areas

so i'm going to see how the longest performing in here in russia the r.t.s. is open to just slipping into the red in every trade that follows a day of losses yesterday sentiment is being dominated by periods of news about the u.s. economy and domestic factors of less importance. asian stocks lower on wednesday following declines a move straight in the case time came down down more than one point five percent strongly and putting pressure on exports it's. good news in brief for you know russia second largest breeder retailer has reported in the eleven point three percent increase in first one hundred million dollars. that capital spending today is to be moving company three billion dollars and that opens thirty five markets in some six hundred fifty. to poland now in the country's biggest producer stock spirits is looking to buy a seventy five percent stake in ukrainian near old that's according to newspaper. the polish companies gave an exclusive right to acquire the shares and will make a final decision in a month's time in memphis estimated to be worth thre

midday in moscow the r.t.s. is only just edging into the black my sex is gave me half a percent and as you may just a leading the games that have to is outperforming up one and a half percent the south bank to raise early as losses b. to b. is up point nine percent. europe's nickel has called an extraordinary general meeting for the twenty first of october the move comes after twenty five percent shareholder result has disputed the outcome of the annual general meeting in june a push for arbitration involving it and while shareholder interests in the london courts now tell you how clever has more. an aerial general meeting of no rules can equal at the end of june has provided a new source of conflict. it's owing to ross with a twenty five percent stake in normal game for seats on the board but drew so which also has twenty five percent gain only three seats. claims the voting process was flawed just suggesting no risk management which controls about eighty percent of its shares through subsidiaries voted with in

and the russian markets will start trading next hour here in moscow both the r.t.s. on the my six games about a half a percent on monday trying to outperform me on my six west bank was up to one percent energy majors also made significant gains. net income that russian mobile phone operator megaphone braze thirty six percent in the second quarter to four hundred million dollars the company boosted the number of subscribers eighteen point seven percent reaching the fifty four million by the end of june it's now overtaken rival bee line to become the second largest operator in russia. russian billionaire alexei mordor chavez looking to take a blocking minority stake in europe's leading travel group to we agee to ease shares rose six percent in the news on monday company s. group first invested into three years ago and with eighteen percent of the company it's now one of the major shareholders another of the company shareholders norwegian investor john fredrickson has reduced his block from nineteen to just over fifteen percent there he said he does not intend to sell h

leading with the top performing group with all the while six close nickel is getting involved and the r.t.s. up to a half percent banks are also higher would be t.v.n.z. very bad more than one percent in the black and shares in europe are also higher mid day trading with mining for arms and oil and gas producers leaving a broad based advance all giant b.p. again two percent after the cement procedures on the leaking well in the gulf of mexico have been successful now siemens is leading is a leading gator on the dax up two point seven percent and two is up four percent on the footy. and news from the tourism industry have the hotel rooms in moscow are empty and it's not just because of the heat and small according to a survey by wheel estate company knight frank the average annual occupancy of moscow is in moscow is slightly more than fifty eight percent the sector did grow three percent this summer but the figure is much lower than in most european countries average hotel prices are among the highest one night in a typical moscow hotel will cost you up to three hundred dollars while in pari

bucking the trend on the r.t.s. was normal that finished up point two percent on the. telecom and the block. and head of forks club again explains why the stock market's trading in the red this week as usual russian markets for having a correlated with the international markets this week and the main news came from the. federal reserve which left the rate unchanged didn't show up to meet some interim markets saying that economic environment from the. very challenging that's why investors remain very cautious about their. markets and about. the old economy. so invest. so as to share so. that's why it's all rushing markets during this week in red. air flow has increased its profits by sixteen point eight percent of the first half of the year which is flagship carrier earned one hundred twenty eight billion dollars from january to july up from one hundred nine billion in the same period in two thousand and nine the main reason for the improved performance was an increase in passenger traffic which is up by a third year on year to date. and russia's second largest natural

once again advancing against the dollar and that is damaging exporters now here in moscow with the r.t.s. and my sex gained about half a percent on monday banks forming on the why sex with a one percent and if you may just also made significant gains. net income of russian mobile phone operator megafauna rose thirty six percent in the second quarter to four hundred million dollars the company boosted the number of its subscribers eighteen point seven percent reaching fifty four million by the end of june it's now overtaken rival b line to become the second largest operator in russia. russian billionaire alexei moore does sure of is looking to take a majority share in europe's leading travel group to we agee to ease shares rose six percent in the news on monday company s. group first invested into a three years ago and with eighteen percent of the company it's now one of the major shareholders another of the company shareholders norwegian investor john fredrickson has reduced his block from nine hundred to just over fifteen percent though he did not say whether he intended to sell his sha

were those hydra the top performing blue chip on my six noisemaker is the leading is leading on the r.t.s. up to a half percent values are also higher with reverend both more than one percent in the black and in europe shares are also higher on monday with mining for i was an oil and gas producer is leading a broad based advance or giant b.p. game two percent up for it said cementing procedures on the leaking well in the gulf of mexico had been successful siemens is leading on the dax up two and a half to two point seven percent. and news from the tourism industry half of the hotel rooms in moscow are empty and it's not just because of the heat and smog according to a survey by real estate company knight frank average can see in moscow is slightly more than fifty eight percent the sector did grow three say three percent this summer but the figure is much lower than in most european countries have averaged over a prize among the highest one night in a typical moscow hotel will cost to up to three hundred dollars while in paris good pay just two hundred thirty dollars. that's all the busine

eighty dollars a barrel the country's top oil producer rosneft is up two and a half percent on the r.t.s this hour. europe's also growing today it's off the profits of french lender b.m.p. perry barr saw a third quarter to two of the two billion euro strength at its high. business weakness in the investment bank division the company's shares are up some five percent in paris already germany's top metro is main loser in frankfurt a fifteen percent drop in second quarter net profit. china japan to become the world's second largest economy the country's g.d.p. hit almost five trillion dollars last year a fraction below japan's but beijing says it's astonishing eleven percent growth in the first half of this year has already put its g.d.p. . truly on the wall and it will overtake the u.s. economy as the world's biggest twenty twenty. for me joe my colleague ali for more. wealthy british time it's time to rise. for the full story. the. face to face with the news make. here with our to you live from moscow our top stories firefighters are battling blazes in many parts of russia caused by the r

russia the out here is open lower in friday's trading session all the blue chips are in the red on the r.t.s. at the moment the worst is both the forces finished thursday's session in the red as well erasing their previous games spread back was among the main losers setting for one a half percent. chance day with prayer bank the bank spent more than a billion rubles of the first half of the year on advertising more than any other bank in russia it came in second spending more than seven hundred million rubles bt twenty four which of the banks retail branch spent almost three hundred million. dollars to the number of credit cards issued by sixty five percent in the first seven months of the year as of august first for banquo cards in moscow exceeded five point six trillion. there's there was interest rates stay any europe the european central bank and bank of england followed market expectations and kept their policies the same the president called trish they said euro zone economy was recovering faster than expected and that gave a further lift to the single currency against the dollar a mov

and here in moscow the r.t.s. m i six again in the trade is relatively quiet as investors enjoyed the last week of the summer holiday gazprom is up one and a quarter percent banks have battled back from the previous sessions lows fabric is gaining more than two and a half percent on the my sick. russia's biggest comic after vos is back in the black the company's profit of less than a million dollars for the first seven months its move box it shares a considerable turnaround for a company to require a federal bailout in just twelve months ago the improvement has been widely attributed to the government's cash for clunkers program which is helping lift so far around fifty percent. and speaking at the moscow international major issue after vice president dick to come out off said the company is aiming to stay profitable for the rest of the year his ambitions could be helped by a broader rebound in the russian call market which is being targeted by manufacturers from all over the world new bushell visit to the machine

the r.t.s. has just started trading here in moscow and it's down more than half a percent already my stocks will open in a few minutes having finished more than one and a half percent in the red on tuesday ross left was the biggest loser that down more than two percent players. russian banks are continuing to cut deposit rates for individuals this central bank says the maximum interest rate for deposits in roubles this month is less than nine percent that's close to pre-crisis levels the rates have decreased by around six percentage points in the year but the banks are still attracting more cash and individuals the central bank says deposits grew by around two and a half percent in july. russian fertiliser make a far as our group wants to bid for silvie net the company has sent a letter to the russian government proposing a merger with the potash producer or a cali was reported to have plans to acquire the net the new company could become the world's second biggest fertiliser producer under pota

the price of light street eighty dollars a barrel gazprom and rosneft closed up three percent on the r.t.s. . chinese comic julie has completed its purchase of swedish manufacturer volvo from forward the deal which was announced earlier this year is to make it to be worth one point eight billion dollars the chinese company also announced a new board which comes effective with sixty. unemployment in russia dropped twenty one percent in the first five months of this year compared with the same period in two thousand and nine the country statistics that says the job means the country has now reached pre-crisis levels. citibank says russians spending a broad are expected to exceed pre-crisis levels this year international credit card spending is said to be more than eighteen percent one percent higher than last year the most popular purchases jewelry car rentals and medical services russian shoppers have already increased their spend on clothes and shoes for more than three percent spending slowed or remained unchanged in countries where critic called a most popular name in the usa u.k. france

majors leading on both of hydro the top performing blue chip on the my six may kill is gaining on the r.t.s. up three percent banks are also high would be to be more than one percent higher. european shares are also higher head of a key policy statement from the u.s. federal reserve mining firms and oil and gas producers leaving a broad based advance. saw and total of between one point three and two percent for john b.p. again two percent after it said cementing procedures on the leaking well in the gulf of mexico have been successful to travelers leading over three and a half percent on the footsie and siemens is little leader on the dax up two point eight percent. internet advertising in russia has increased thirty three percent of the first half of two thousand and ten year on year that's the fastest growing among growth among all the sectors of the country's advertising industry now the market is a whole group tell percent with growth picking up pace in the second quarter experts say if the dynamics keep up annual growth of the russian advertising market could be higher than earlier for

the r.t.s. has just started trading here in moscow and unsurprisingly stocks are following that stocks are down following that global downward trend the index has already shot about half a percent from my six in a few minutes and finished in the red on thursday with banks the worst performance energy majors are also dragging also drugs with gazprom losing two point four percent of my sex. trading one and a half percent into the close. nickel has called an extraordinary general meeting for the twenty first of october the move comes after twenty five percent shareholder to sell disputed the outcome of the annual general meeting in june and pushed for arbitration involving it on rival shareholder interests in the london courts natalia clover has more. an aerial general meeting of norilsk nickel at the end of june has provided a new source of conflict. it's owing to ross with a twenty five percent stake in normal game for seats on the board but drew so which also has twenty five percent gain only th

let's take a look at the stock markets now the r.t.s. has had another positive start but the my sixth is slightly down energy majors again however as the price of light sweet edges towards eighty two dollars a barrel miners are also on the rise as investors expect good results from sector leaders this week and comic afterwards has posted a sixty percent increase in sales for july still being boosted by the government's cash for clunkers program. stocks across asia climbed the wall street opened with a strong rally of positive indicators around the globe then there's the rub of the yesterday's strong bank results for financial group is over one percent higher in tokyo. investors are cashing in yesterday's profits in europe sending those markets down in early trade but metals giant xstrata has unveiled a tripling in first half profits and gold produced a kid ross rival red back in a seven point one billion dollars deal followed goldmine african barrick gold is a top only gain on the footsie almost one percent. chinese carmaker gili has com