government investors are waiting for the details to be revealed and to discuss this i'm joined by richard haynesworth president of rating agency was rating thank you richard for coming to the program today so it looks more of a political decision but is the bank financially ready for such a loss i think it's almost entirely a political decision. normally buy backs. when a company. already got a lot of profits wants to reward shareholders for being for being loyal to the bank by giving but to existing shareholders some of the profits that it has already. received b. is not in a situation where it's very profitable. specially in comparison to some of its peers. it's been pointed out in the market other companies have been making more profits and then. to the front that the share value is down is a reflection of the investors' thinking that is not doing very well so how how much can a back louis financially i mean money money wise when lee suggestion was made to cost and. commented thought. he thought. to fulfill the desire of mr putin it would cost the bank about half a billion dollars. compared to the

estimated to cost up to half a billion dollars while investors await the details to be reviewed richard haynesworth from rating agency restricting says there could be a more efficient way to solve this problem. if the shareholder is unhappy with the performance of the manager of his company you fire the manager of the company and bring in new ones the share price has gone down the shareholders do not like what's happening and therefore that they have been selling out the government doesn't like the effect that's had on minority shareholders so as a majority shareholder the government should really sack the management of the tb and put new managers who will increase the share price mobile phone retail is among the sectors that continue to show double digit growth in most of the markets russia second largest solicitors noyo says it's last year's revenues rose by a quarter company c.e.o. dennis looked course he outlines what gadgets will be driving the growth this year . well markets usually grow between ten and twelve percent i think next year will probably be towards the lower end of that spectrum m

estimated to cost up to half a billion dollars while investors await the details to be revealed richard haynesworth from rating agency risk rating says they could be a more efficient way to solve the problem. if the shareholder is unhappy with the performance of the manager of his company you fire the manager of the company and bring in new ones the share price has gone down the shareholders do not like what's happening and therefore that they have been selling out the government doesn't like the effect that's had on minority shareholders so as a majority shareholder the government should really sack the management of the tb and put teen new managers who will increase the share price. the markets know exchange rates for strong oil is pushing the ruble higher to the dollar and the euro the euro's also losing value against the greenback with uncertainty about the debt crisis continuing to hurt the currency onto oil and brant is holding above one hundred sixteen dollars a barrel this hour u.s. crude futures reached a six month high oil monday as the cold weather boosted heating demand. european market

regulator also wants to fix half the bankers salaries the other half big performance based richard haynesworthfrom rating agency or gross rating explains what's behind the move. russia is trying to harmonize its regulations with regulations that are in other parts of the world so harmonize ation of all regulators is something beneficial it does create an environment in which all bikers are paid in a fairly regular fashion and that may help. some of the smaller banks in the medium banks to compete with the very large russian banks staying with the story angus campbell from london capital group explains how similar measures are already making european bank is more responsible. already we're seeing a huge change in banking on the way it works the investment banking arms have had a huge overhaul they have not only been subject to huge job losses but increased regulations they have to build up their capital requirements the risks they are taking at the moment are much more considered much less the risks are. certainly not as big as they used to be in the past and that is changing the way banks curr

the regulator also wants to fix half the bank itself is the other half big performance space richard haynesworth from a rating agency rules rating explains what's behind it. russia is trying to harmonize its regulations. regulations that are in other parts of the world so harmonization of all regulators is something beneficial it does create an environment in which all bikers are paid in a fairly regular fashion and that may help. some of the smaller banks in the medium banks to compete with the very large russian banks. right let's quickly take a look at the russian markets and they've had a wonderful friday session with the r.t.s. up four point nine percent of my sixty three point seven percent of the close and the my sense was mainly moved by energy shares gas from up three point seven percent their own strong well it's supporting the stock financials are also strong d.t.b. up four percent now the mats all sector was generally seen gains and high commodities although is a change of fortunes for sevastopol at the close one or both kids are planning to expand in southeast asia and it's on the r

plan is it's committed to cost up to half a billion dollars while investors await the details richard haynesworth and rating agency bruce rating says they could be a more efficient way to solve the tv's problem. if the shareholder. he's unhappy with the performance of the manager of his company you fire the manager of the company and bring in you once the share price has gone down the shareholders do not like what's happening and therefore that they have been selling out the government doesn't like the effect that's had on minority shareholders so as a majority shareholder the government should really sack the management of the t.v. and put teen new managers who will increase the share price. on the markets first exchange rates the euro's swung into gains against both the ruble and dollar as greece moves closer to agree a new bailout strong oil is keeping the ruble higher to the dollar at the moment. brant surging further towards one hundred seventeen dollars a barrel u.s. crude futures hit a six month high on monday as the called where the boosted heating demand. u.s. markets have opened lower t