. >> the lebanese army says the country is -- >> rosneft agrees to buy at -- out bp's stake in the company. captioned by the national captioning institute --www.ncicap.org-- >> thank you for being with us. we start with a spectacular fall from grace for the cycling legend, lance armstrong. he has been stripped of all of his seventh tour de france titles and banned for life by the international cycling union. >> the cycling world governing body said it was ratifying sanctions taken earlier this month by the u.s. anti-dumping agency -- anti-doping agency, usada. >> it had claimed that armstrong was at the heart of the "most sophisticated and successful" of doping programs the sport had seen. >> uci has ousted him from the sport. >> uci will ban armstrong from cycling and strip him of his seventh tour de france titles. lance armstrong has no place in cycling. >> the uci upheld sanctions imposed by usada, accuses armstrong of being at the heart of a systematic doping culture. usada alleges the rider's victories from 1999-2005, after his recovery from cancer, or helped by illegal substances --

it would be very creative for shareholders of rosneft i don't know i don't think so. all right coming up next on our team we talk to the former british m.p. paul flynn who was suspended from parliament for voicing his opposition to the afghan statements. a british member of parliament was recently thrown out of the house of commons after he accused ministers of lying over military policy in afghanistan paul flynn is with me now but before we talk to him let's just see a clip of the video that got him barred from parliament the role of our brave soldiers of the moment is to act as human shields for ministers reputation the danger to our soldiers is being proved wrong and by those on there who have the power to stop it other countries over remove soldiers from this dangerous area where they're not doing all we're doing which is arming and training our future and to be isn't this very similar to the end of the first world war where if we say that politicians lie and soldiers died and the reality was as it is know that our brave soldier lives are being led by ministerial

rosneft will buy the other half of the company from a a r four twenty eight. billion dollars the deal will result in rosneft becoming the a largest publicly traded oil company in the world controlling more than fifty percent of russia's or oil exports and action from grand cap says that doesn't really change this state's plans for privatization. first of all even in these particular transaction rules enough to go is selling vulnerable ploy five point seven percent i think the government has committed and reconfirmed the recently plans for a further privatizations in the in the economy including oil and gas so i think this is an intermediate step. to create the aimed at the value that will be potentially sold off so i don't exclude privatizations in the future in the think overall trend should not be. materially changed from after this deal actually . and stay with the energy sector of russia's gas monopoly gazprom on tuesday is launching one of its biggest projects the bovine and field has proven reserves of five trillion cubic meters gazprom plans to annually

k b p what they really want is to do business with rolls left and to get a slice of rosneft potentially lucrative oil exploration rights for the arctic so this is all going to continue on for a little bit longer and deals will be done between rosneft and b.p. bobs in the future but when we get confirmation that this is certainly going through a bring it all here i'll take absolutely thank you so much indeed for that tom de lay's piece on of i thank you very much again. british prime minister david cameron is about to be welcomed home from brussels by now. massive crowds but they all need to be cheery we'll bring you more of the u.k.'s autumn of discontent later on in the program and. i mean if mitt romney wins a movie in canada. that same boat as election day drools near americans prepare for all possible outcomes even a rigged election he's new your president ask the people of the banks on the big apple all day would do little stuff. that's later but now a top lebanese opposition group is demanding the resignation of the country's prime minister saying he is personally responsible for

official and he knew both rosneft and b.p. supports the idea of buying the whole of t.n. katie it's crucially important for us to have the acid totally integrated into rosneft strategy only in this case where we have a synergy effect that will boost efficiency in a wide range of oil fields.

you counsel you both rosneft and b.p. supports the idea of buying the whole of tea and t.v. it's crucially important for us to have the acid totally integrated into rosneft strategy only in this case we have a synergy effect that will boost efficiency in a wide range of oil fields and refineries and currently now as i said after spending around sixty billion dollars fourteen k v p while its market value is four times less around fifteen billion aleksandr nose out of from gas from bank explains this math there is no real or market estimate of what. because the market capitalization of holding the least at and t. is just above forty billion dollars there the same time you should forget that actually holding doesn't include for example fifty percent stake in slav may have to also include international as its large international essence so i don't think really rosneft is overpaying for the. right let's take a look at what's happening on the market zenda rosneft was out performing the market massively up more than three percent at the close on the news well as you can see my six

and rosneft in particular is the dual structure like for rosneft it's a very hard to have two board of directors in my view one that rosneft one of ten good b.p. and the issue of corporate governance and tend to be people have to be addressed which basically means that rosneft has to control. is that hundred percent seventy five or fifty to one but the current structure with two partners have parity and equal rights and then the right independent directors it's probably not going to suit. you and probably b.p. will have to sell down as well even if it leaves but i'm very. skeptical that b.p. will keep full stake in after this deal all right thank you very much for your analysis that was in the senate from run this sense capital or oil and gas analysts there well that's it from the business this import this hour but states and with artsy because coming up shortly our financial guru mike skies are or take a pop song at central bankers and who he thinks are actually doing something you want so brides with the global economy stay tuned for that. what will change when america picks its pres

will get twelve billion dollars in cash and twenty percent of rosneft stock for half of d.m.k. b.p.rosneft will buy the other half of the company from a a r for twenty eight billion dollars the deal will result in rosneft becoming the largest publicly traded oil company in the world controlling more than fifty percent of russia's oil exports but old guard of lechon from around cap says that doesn't really change the government's plans for privatization first of all even in these particular transaction rules enough to go as is selling vulnerable to five point seven percent stake i think the government has committed and reconfirmed the recently it's plans for a further privatizations in the in the economy including oil and gas so i think this is an intermediate step. and create the aimed at the.

it would be very creative for shareholders of rosneft i don't know i don't think so. all right i'm back in the fifty five minutes time with plenty more business news all right we look forward to thank you to me tree and in a few minutes here on our team it's the latest edition of spotlight to stay with us . gracefully. it is a way of life traditionally the people are. also highly skilled and organized. depending. on the day we found this particular camp they were settled near the coast of the sea here four families work together to manage nearly a thousand. people and. they can use almost every single part of the. deer is a means of transportation. for the. life in the tundra is harsh and so before winter hits many of the children are helicoptered to the center of the. boarding school. students learn different languages utilize modern technologies through specialized grant programs and even learn arts skills all within a protected the school was founded. a scientist who wanted a better way of life for his people but even with the most progressive ideas in education. t

these shareholders it's a different story more on that in just a minute and also said rosneft will work with the piano variety of new projects as partners versus the third largest oil company t n t v p has been cool owned by b.p. and this russian partners are at the end of this a v.p. will get twelve billion dollars in task and twenty percent in ross nast stock for half of t.n.t. b.p. ross now. will buy the other half of the company from a car for twenty eight billion dollars the deal will result in rosneft becoming the a largest publicly traded oil company in the world controlling about fifty percent of russia's oil exports but. from a rand cap says this does not reverse the government's call for privatization. first of all even in this particular transaction it was enough to go. on the board five point seven percent i think the government has committed and reconfirmed the recently plans for. privatization is in the in the economy including oil and gas so i think this is an intermediate step. to create the aimed at the value that will be potentially sold off so i don't exclude privatiz

sell its tough in to the russian company for twelve billion dollars in cash and twenty percent in rosneft stock rosneft will buy the other house from eight are for twenty eight billion dollars the deal will result in rosneft becoming the world's largest publicly traded oil company controlling more than fifty percent of russia's oil exports it's now time to check out the markets let's start with wall street and it's having a rough day mainly on earnings concerns here in russia the equities ended the day with pretty heavy losses to you and three quarters of a percent for the r.t.s. as you can see and over in europe equities diffs to chew to a one week low i should say on tuesday same old problems in the euro zone. and up next on our t.v. we talk with a u.s. space entrepreneurialism the prospects of space tourism. space tourism one of the more fun civil ideas of our time or a solid business proposition in orbit around earth for the future well joining me is someone who should know a lot about that question it's eric anderson a space entrepreneur to say back here on earth so mr johnson thank

to the russian oil giant rosneft it may cross now the world's biggest listed all produce a the deal went through more of that from. well it's a deal it's been a long time in the coming it would seem according to the front page of russian newspaper commerce on saturday that it has been done now that deal will see rosneft to buy out the fees fifty percent share of the company t n k b p just how much that's going to cost though well initially b.p. had said they wanted twenty eight billion dollars for their fifty percent share it seems that they've come to an agreement somewhere around the market seventeen billion dollars in cash and thirteen percent of rosneft stock this is all part of ross their plan to try and take over all of t.n. k b p they're currently in the go shake she would be peas russian partners a all to buy out the other half of the company if they can do that then ross therefore become the largest publicly traded oil company in the world but this well no reward without risk in the risk rolls never does taking in buying out b.p. is that they will incur debts of upwards of sixty

confirms indeed that it's in advanced discussions with rosneft adding that no final agreement has yet been reached earlier if you decided to quit its russian venture due to a shareholder dispute with local partners and now rosneft is also expected to acquire the rest of the one hundred percent of it and become the biggest publicly traded oil producer in the world. all right well we are actually actively following what's happening with shares of course today is take a look at what's happening so far in japan it's moved back into positive territory of the report saying that exports went down to ten percent in the past month which has caused many leading exporters like mitsubishi go down over in the united states we've had a huge crash with the dow jones. declining one half and two percent respectively that's up to google released its preliminary earnings forecast disappointing investors and causing tech shares to slump apple losing three percent over on the currencies market the euro continues to gain against the dollar as the housing market has reported disappointing results slumping s

it will create the world's largest publicly traded oil phone without his perspective expanded rosneft will have twenty seven billion barrels of oil in the. exxon mobil's twenty five billion a petro china's twenty two billion it also changed the face of the industry here in russia growth get to seventy five percent and by the state where is teeing p.p.p. is privately so the acquisition is an effective renationalisation of parts of the oil industry and unwind the some of the chaotic privatization program that took place in the ninety nineties it's also in keeping with president putin's plan to create national champions is strategically important sites with nearly fifty percent of the country's oil output the in-laws rosneft will certainly be done so stay with small scale the markets closed in positive territory today with the one of the top performers at one point in the five and a half percent there were some currency fell against the fall scantly multi-year ice continues we found that six change race.

russia's third a largest oil producer could change its face completely very soon rosneft and the russian shareholders in the company are fighting for the fifty percent stake owned by b p and basically analysts are saying that rosneft is more likely to win. i don't really think. our would be able to buy out the piece share it's too large so the only real scenario i think right now it would be discussion really rolls near to it by mistake from one. from b.p. so rosen if could become number one on the company in the world as a result of this deal potentially but it would be very creative for shareholders of rosneft i don't know i don't think so. the critical date there seventeenth of october we might find some more details as to who is going to buy that stake all right thank you for that update and in a few minutes mike's cancer discovers how easy it is to forgive a debt that has already been forgiven that's in the kaiser report. gracefully dancing across the arctic tundra. is a way of life traditionally the people are. herders in many ways they lead a simple and rustic life they are also h

it would be very creative for shareholders of rosneft i don't know i don't think so. or answer from the business team for now coming up next on our team just a few seconds we speak to a british m.p. who is suspended from parliament after accusing cabinet ministers of lying over u.k. policy in afghanistan. a british member of parliament was recently thrown out of the house of commons after he accused ministers of lying in the military policy in afghanistan paul flynn is with me now but before we talk to him let's just see a clip of the video that got him barred from parliament.

s stake but rosneft is competing for that stake and analysts say rosneft will win. i don't really think. would be able to buy it because sure it's too large so the only real scenario i think right now it would be discussion how really rolls near to buy. from. from b.p. so rosen if could become number one on the company in the world as a result of this deal potentially would be very creative for shareholders of rosneft i don't know i don't think so. and that's your business for them and i thank you dmitri in a few moments we speak to a british m.p. who was thrown out of parliament for voicing his opposition to the afghan war. in the middle of russia's no way from civilization or any three hour helicopter treat from the nearest village. they still one family have been living here for a long time in tents made of reindeer skins. lodging runs in a signal and minutes they also grew up in the but left it at the age of six and never returned they now live in the city in apartment building but still remember their regions. want to know is a dancing teacher. was. to his danc

oil and gas analyst from the nation's capital in moscow very good to see you so with the rosneft becoming this huge oil behemoth do you see new risks for the company. good morning definitely a risk always there and we know that two thirds of them in a deal globally fail so. we see risks here either number one that we see is really the that you see over the company and we estimate the company will end up with seventy billion dollars of new debt in there basically will lead to up to four billion dollars of annual interest payments that's an enormous and this is bigger than that of gas problem or more than combined that of the whole oil and gas oil sector in russia that's well it sounds like an immense amount of debt indeed with rosneft actually worth seventy five billion is going to have seventy billion now just overall in general is this going to have an effect on the russian economy altogether which is so much dependent on the weather. there could be a. little views here with the negative for you would be that if the company starts facing. at some stage then the government will be coming

gets fifteen percent of rosneft and around seventeen billion dollars in cash the state owned oil major actually wants to get its hands on all of t.k. b.p. and is apparently holding talks with its other shareholders if signed the overall deal is set to become the second biggest oil agreement ever. a new top dog in global oil is bound to have some ramifications across the industry and r.t. dot coms business section outlines what they could be. what coming up in just a few minutes for your insight into europe's tough choices ahead and why a short sharp shock could be needed stay with us for that. richest often enough and knows that to ride a horse you've got to catch it first. for him it's a daily routine that you're soft as a horse breeder on the island of a horn at the heart of bike all his life on an isolated farm is about blue sky green grass and his horses were there sometimes it gets lonely here but horses have become part of me now i've fallen off so many times sometimes that bites as well it's part of my every day life. i holmes been home to a rats local just laugh for centuries m

which rosneft is buying out is now in negotiations with rosneft to sell its stake in the in a venezuelan oil company enters burbank the most active stock on the market is down pretty much a month. over in europe we are seeing the footsie and the dax putting on around one percent u.s. markets as you may know are closed today because of say clone sandy which is already expected to cause around fifty five billion dollars worth of damages on consensus forecasts and but europe is growing because companies like b.p. and u.b.s. have been talking about their profits forecasts they have been beating expectations and on the currencies markets to see what's happening there the euro is gaining against the dollar and that's as the prime minister of greece tony samaras has said that it's finished to go see actions with the troika on the new bailout basically terms. all right next up russia has launched the privatization process of its biggest seaport and c.s.p. the state has started talks with possible investors intending to sell the whole twenty percent owns in the stake is currently estimated three

. >>> rosneft is about to become the world's largest oil producer.neft isuortedly ready to purchase 50 dal billion of russian assets from oil companies. if the deal goes through, rosneft's daily pruction would top exxonmobil's. coming up we're crunching the real numbers in predent obams and mitt romney's tax plans. a side by side cmparison to see who first-hand will rake it in and who will be left out of the cold. >>> how sk are you of those robocalls? i'm sick of them. the ftc offer as bounty for anyone that can take down telemarketing for good. we havthe details coming up. "piles of money" coming up. ♪ ♪ . melissa: huge day in the markets today. let's go to robert gray with more on that. robert? >> melissa, that'sight, we saw a huge tumble. it is the 25th anniversary of black monday. a lot of pele trading about it. almost a self-fulfillg prophecy some ways. not nearly as big of a decline. the w down 1 1/2% the biggest since june, down 205 points. here are the lowsthe sessn. 30 members down on the y. let me double-check that. home depot bnced back.

will get twelve billion dollars in cash and twenty percent of rosneft shares and the other half of the company will be bought by from a for around twenty eight billion dollars. of basically this deal will result in ros now becoming the world's largest publicly traded or oil company controlling around fifty percent of russia's oil exports but. from brand cap says this does not reverse the government schools for privatization. first of all even in these particular transaction rules they have to go as is selling down about five point seven percent stake i think the government has committed and reconfirmed the recently in its plans for a further privatizations in the in the economy including oil and gas so i think this is an intermediate step. created aimed at adding value to the assets that will be potentially sold off so i don't exclude privatizations in the future in the think overall trend should not be. materially changed from after this deal actually arrives quickly take a look at what's happening on the markets in russia they're falling around point seven percent as you can see ther

and rosneft taking the headlines or so it is now poised to secure a tight grip on russia's all industry but can it afford it well that is the multi billion dollar question right now as well as you say could be buying out be paid out of its vast and vegetating pain on the british company is now meeting in london to consider the officers close in live with our teams paid to all of the line now for the. three to number. well what we've seen recently is a sign that we could be somewhere closer to a deal rosneft of announced that they're going to be issuing bonds now one of the reasons that they would be doing not is if they were trying to get together. extra revenue in order to try and make this multibillion deal now that deal is expected to cost somewhere in the region of between twenty five and twenty eight billion dollars they're not going to make that kind of money for selling bonds however they could make this made around six hundred fifty million from the sale of bonds everything which would help towards trying to convince people that they should sell fifty percent. be paid to roll sn

do you counsel in those rosneft and b.p. supports the idea of buying the whole of t.n. kavi it's crucially important for us to have the acid totally integrated into rosneft strategy only in this case will we have a synergy effect that will boost efficiency in a wide range of oil fields and refineries and she was in ukraine for. well at the end of the day rose damped was one of the best performing stocks at least among blue chips it was up two and a half percent on the news because investors are considering this deal to be in good favor of ross never develop other companies of course and in my sex was also outperforming global markets up one percent at the close. we will see the beginning of the session in around half an hour's time over in asia we're seeing a pretty flat boring session with the nikkei down around point one percent expression for utility companies while in the export sector companies there are growing on the back of a weak yet. rushers the business climate is improving its doing business rating has moved up eight notches over the past year according to t

in the pipeline russia's state owned joint rosneft is poised to become the world's largest listed all producer as a massive industrial deal and just negotiations. government protests gathered pace in bahrain with fresh rallies taking place this friday despite a police judicial crackdown that's now seen four arrested for writing on twitter. from the new center here in central moscow international news and comment live on t.v. a massive car bloss has rocked the center of the lebanese capital beirut killing at least eight people and injuring dozens a top lebanese security official is among the dead sunni muslims across the country have taken to the streets in anger over the assassination the protests have turned violent with gunshots reportedly heard in several cities and roads blocked by burning tires a correspondent in the region has been following the developments in the aftermath of the blast. hit a critic around two forty five pm local time when everybody was on their way to picking a to picking up kids from kindergarten schools it was a short day it's friday a holy day for muslims

will get twelve billion dollars in cash and twenty percent in rosneft stock for how fifty ok b.p. rosneft will buy the other half the company from a a r for twenty eight billion dollars the deal will result in draws now becoming the largest publicly traded oil company in the world controlling about fifty percent of russians oil exports but old guard of left ssion from around cap says that doesn't reverse the government's call for privatization. first of all even in these particular transaction rules naftogaz is selling the five point seven percent stake i think the government has to commute to and reconfirm the recently plans for. privatizations in the in the economy including oil and gas so i think this is an intermediate step. created through that aimed at the adding value to the assets that will be potentially sold off so i don't exclude privatizations in the future and i think overall tranche should not be. materially changed from after this deal actually. and staying with the energy sector of russia as gas mildly gazprom on tuesday has launched one of its biggest projects the

british partners who were looking for buyers for their health in the company and many saw so much rosneft as a likely a buy now as say russia's oil major could fly both of the ten k. be paid and that would mean becoming the biggest oil producer in the world is luna's b.p. will come for the no longer have interest in this joint venture i think next year for rules and there will be two boyo to the g.d.p. completely rules new being the bigger company with a major shill pool in the face of the is the jury looms including from the largest banks like burbank so i don't think the experiencing history. moving on us stocks are down assaults and disappointing tech results from the lie of i.b.m. and intel as well offsetting a job and housing starts as well as the good news of bodies as far as a wall street is concerned european source is still managing to get a house off to moody's investor service kept its investment grade debt rating on spain avoiding dog status of fed now let's move on to the currencies will be able to see that the year is indeed continuing north as a result this is what the rubl

hour with natasha mitchell and scanning an edgy giant is expanding and russia that's right russia's rosneft is offering india's oh in d.c. some projects on the shelves more of them just second but first let's check out the markets and. start of the session just over twenty minutes ago and so far we see a lot of optimism there wall street closing higher monday is no doubt an uplifting factor the ruble start of the day the higher to the currency boss kids will it see the currencies there they are the dollars sours edging higher to the euro russia's top ten lender prompts us bank has decided to postpone its half a billion dollar i.p.o. the bank plan to list up to twenty five percent and moscow and the london but said it will wait for more favorable market conditions india's energy corp oh and g c considers working on russia's shelf the country's oil major rosneft has invited its indian counterpart to develop fields in the seat of a holts owen g c s will bready working in russia and wants to expand here. now onto the asian markets shares are on the rise there toward the end of the trading sessi

russia's rosneft in line to be the. the world's largest listed oil producer as britain's b.p. plans to get rid of its troubled part of the joint russian venture that and more after a break. for a decade of north austin terrorist attack. ex hostages blindness into their lives and after the tragedy. still gives try to cross over the past. because their future will yet be written. surviving terrorism ten years on our team. nuking a fashionable heights outside the. radioactive fallout of old government betrayal a government of law and lauded and claude and claude how can the truth be revealed if there's no official evidence there was indeed a very bright danger to the service make a search who will given no problem. and to the people of this country generally because already like the fall. the secrets of the u.k.'s nuclear tests exposed. and which brightened. the bounce from funds to christians. who threw stones on team dot com. it's believed. to be. a mission to free the critic a should free zones for chargers free. range month free. free. free. free bird video for your media pro

and become bigger biggest russia's rosneft is in line to be the world's largest listed old producer as britain's b.p. plans to get rid of its troubled part in the joint russian venture those stories still to come for you after the break. homeland security now has robot tuners seriously robot fish the drones in the sky spying on you just weren't going to enough effect they've revealed that they're going to be using robotic hummingbird soon who how cute these things can only see you though above the water now during the one percent or less of your life that you spent swimming homeland security will be keeping you safe since nine eleven we've heard ad nauseum that we need to be kept safe so americans have given up their rights but have things gotten that much safer honestly has any of the stuff ushered in some sort of peaceful utopia no it hasn't the best terrorism prevention would be to not bomb secular regimes in other countries like libya so that some fanatical wackos come the power that would help way more than robotic spy fish i hear a lot of people talk about personal responsibility

could end up owning twenty percent up to twenty percent of rosneft meanwhile the company's confirmed they are in advanced discussions adding that no far you know very much has yet been reached earlier the bridge from decided to put its russian venture due to shareholders dispute with the local partners and now ross that is also expected to require the rest of ten k.b. to hold one hundred percent and become the biggest publicly traded oil producer in the world. and now let's take a look at the markets and on the russian market where the r.t.s. the my six is showing very small growth if any at all ross snapped is actually one of the hospice said the sour so news is really helping that stock and exist so it was happening over in europe there we've also seen both london frankfurt move slightly towards positive territory now we're in the middle of the reporting season and philips has been very successful in providing optimism to the markets of more than four percent the selves a very good third quarter report over in asia we've had bad news coming out of japan saying that the exports fell

dealings then in terms of what is happening right now with regards to the deal well it seems that rosneft are trying to drum up as much extra revenue as they can to put into into the pot to try and buy the piece fifty percent share in t.n. k b p it seems that they'll be issuing bonds at an attempt to drum up so that sure revenue because they won't be able to get the whopping twenty eight billion u.s. dollars that could be required to buy that fifty percent share through the sale but they could receive that amount around six hundred fifty million dollars all of that going toward them trying to buy out that fifty percent share as part of their bid to take over the whole of t.i.n.k. b.p. would try to make the largest teach publicly traded oil company in the world well this no there's no reward without risk and the risk which rosneft faces in taking over all the tea in case b.p. comes in the pool of death if they do take over the whole of that company. then they could be in line for around sixty billion u.s. dollars. as much as some european countries are going to be. the oil price to give th

also as a result of the deal they're going to have two people on rosneft nine nine person main board and the whole transaction is subject to approval by the russian government but that's quite widely expected to go through without any glitches. thank you very much also commenting on the deal alexander from bank says that the price tag. is will move there. there is no real market estimate of fourteen. because the market capitalization of holding the least it attitude is just about forty billion dollars there the same time we should forget that actually holding doesn't include for example fifty percent think inflow of new also includes a crane in the refinery also include international assets loss international essence and some of the paid about one billion dollars last year so i don't think really rose nifty is overpaying for that fair price would be let's see more exact definition for four days. like i care a lot to deliver my well we're following the other side of things they are well similar details a lot and then i. look forward to thank you. next the foreign minister of iceland t

the best structure that would avoid that would allow rosneft to avoid investment grade rating downgrade at the same time for the government to be not diluted beyond below fifty percent that is complicated structure i think that will have. will have to use of the food payment throw just the one of the partners may not get all that cash immediately probably will be getting in installments otherwise rosneft that will be too high or the government will be diluted below fifty percent and someone from a show don't think abt itself it's all reserves exceed nine billion barrels almost all of the firms for the auction situated in russia and also has a five of its own oil refineries with one of them located in ukraine and over fourteen hundred pratfall stations are in russia ukraine and balad rooms but most importantly take a v.p. proved itself as one of the most profitable oil companies with total dividends region thirty eight billion dollars since the company was set up and this is how business looks to south i do say without c s coming up we have an exclusive interview about the shifts in the

of rosneft i understand you have an update on that a rest of the manager of a p.p.o. on suspicion of corruption that's exactly right but just to clarify it's the tens and now it's k.v. has released in the fischel statement and it said that the detention has a nothing to do with this man's work in its highly unlikely that it will affect the deal between. if that of course comes to that but we have our very own you know all over who's covering the story and he has all the details. this particular t n k b p manager that's being detained by police here in russia for questioning on corruption charges now those corruption charges lead to when he was a government official before he started working with t n k b p an appeal a private matter they're not involved in the company also that shouldn't be any kind of issue tries to push through this deal to buy the peace fifty percent share in t.n. k b p you know one of the ways in which they're attempting to raise extra revenue to try and afford the whopping price that that's going to cost we believe somewhere between twenty five an

russian oil giant rosneft is a step closer toward becoming the world's biggest listed producer firms understood to be on the verge of getting the british share of the t.n. key b.p. joint venture in one of the most expensive industrial deals ever peter all for us. but it's a deal it's been a long time in the coming and it would seem according to the front page of russian newspaper comments on saturday that it caused being done now that deal will see role sniffed the buyouts b.p.'s fifty percent share of the company t n k b.p. just how much that's going to cost though well initially b.p. had said they wanted twenty eight billion dollars for their fifty percent share it seems that they've come to an agreement somewhere around the market seventeen billion dollars in cash on the scent of roast next stop this old politics plan to try and take over all of t.n. k b d though the indication with b.p.'s russian partners a all to buy out the other half of the company if they can do that then roll staff will become the largest publicly traded oil company in the world but this no reward without ri

and rosneft good to see you again. on the brink of becoming the biggest all. producer in the world yes that's right and it's going to cost billions that if the russian oil company does buy out b.p. out of a b.p. now the british company is now meeting in london to consider the offer. peter all of the has all the details for us. what we've seen recently is a sign that we could be somewhere closer to a deal roll sniffed of announced that they're going to be issuing bonds now one of the reasons that they would be doing us is if they were trying to get together extra revenue in order to try and make this multi-billion dollar deal now that deal is expected to cost somewhere in the region of between twenty five and twenty eight billion dollars they're not going to make that kind of money for selling films however they could make that it's made around six hundred fifty million from the sale of bonds everything which would help towards trying to convince p.p. that they should sell it fifty percent share in t.n. k b p two rolls next warms not only b.p. shares but also b

. >>> rosneft acquiring one of russia's biggest oil ventures. $595 billion deal gives rosneft controle russia's oil production. rosneft's takeover makes it the world's largest publicly-traded oil company. >>> siemens is cutting the cord on its solar business. the industrial giant says profit expectations for unit have not been met blaming tough competition and plummeting solar equipment prices for the move. >> so when taxes are about to go up on 163 million people, you would think there would be some sort of massive uproar. instead it is sounding more like this. [cricket sounds]. but as stalemate over payroll tax cuts may be coming to an end. we'll explain why you might want to care about that next. do you ever have too much money? ♪ . bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice,

. >>> rosneft is about to become the world's largest oil producer.portedly ready to purchase 50 dal billion of russian assets from oil companies. if the deal goes through, rosneft's daily production would top exxonmobil's. >>> coming up we're crunching the real numbers in president obama's and mitt romney's tax plans. a side by side comparison to see who first-hand will rake it in and who will be left out of the cold. >>> how sick are you of those robocalls? i'm sick of them. the ftc offer as bounty for anyone that can take down telemarketing for good. we have the details coming up. "piles of money" coming up. ♪ i'm a conservative investor. i invest iwhat i know. i turned 65 last week. i'm getting married. planning life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, brazil, ishares, small-caps, large-caps, isres. industrials. low co. every dollar counts. ishares. income. divides. bonds. i like bds. ishares. commodities. diversification. choices. my

sells its part to rosneft something that local shareholders will be pretty unhappy about at the same time eight are still willing to buy b. stake in the russian joint venture analysts say most likely. will end up in the hands of rosneft turning russia's state company into the world's biggest oil firm. is quite likely to change to exchange its share and to. for a share and all snuffed. with some cash. as changing hands in the process as well were as a i will probably sell out of the team completely all of north so i think. we'll just transform itself into a much larger company with with an important international shareholder which has the most advanced technologies and more importantly has the experience of applying some technology within russia the experience of transforming a management team. in to into probably the best management team in the world. and now to the macro picture the international monetary fund is a losing faith in the global economy it lowered its estimate for global growth in the twenty thirteen to three point six percent from the previous three point nine percent

already on the back of this story of course we will be following how rosneft shares will be doing in today's trading because it came over as you may know on sunday but it was happening elsewhere in the world in asia we are seeing the nikkei drop point three percent that's following a huge drop in the united states and as of now the exports shrank around ten percent in the month of september which is a huge drop compared to last year and we are seeing companies like mitsubishi going down two percent on the back of this news now let's take a look at what's there was happening over in the united states on friday and indeed we've had a huge drop on the what is it the twenty fifth anniversary of the biggest drop in one thousand nine hundred eighty seven when the dow jones declined twenty three percent in one single session and that was on the back of a tech shares slump google reported beforehand reported a pretty bad earnings forecast it was supposed to do that after the closing bell but did it throughout the session and that caused companies like apple to go down more than three percent

so rosneft could become number one on the company in the world as a result of this deal potentially a bug.

and rose now that basically rosneft is buying out of b.p.'s fifty percent a share in t.n. k b p and the third largest oil company in russia now it's going to be paying seventeen point one billion dollars in cash and another traunch will come in rostam chip as of twelve point eight percent now b.p. will use pots of that money that it's getting from ross and have to boost its stake to nineteen percent in roast depth and therefore quad two seats on the chairman of the board of. and also in a separate deal ross nafta has confirmed that it's reached a basic agreement with the russian shareholders in t.n. k d p to buy their fifty percent stake for twenty eight billion dollars and the end it will end up having one hundred percent of t. and k b p and would therefore become the largest publicly traded oil producer in the world. or i will have more details on that story for you as we get them and of course analytical commentary for out the days of do stay with r.t. now ukraine's president victory on a call which is in moscow on short notice to meet with his russian counterpart vladi

it will create the world's largest publicly traded oil form with that in perspective expanded rosneft will have twenty seven billion pounds of presidential mobiles twenty five billion all petro china is twenty two billion euros or change the face of the industry here in russia grows up to seventy five percent by the state whereas ten p.p.p. is privately or so the acquisition is an effective renationalisation the pulse of the oil industry and some of the chaotic properties ation program that took place in the ninety's it's also in keeping with president putin's plan to create national champions in strategically important said to with nearly fifty percent of the country's oil output the in-laws laws will certainly be done now the deal will increase overall sassed debt but invest far as investors in the markets all concerned i can say the stock today at some point was up over five and a half or says investors seem all that excited about the whole thing with that minus have a look at the russian close today because the markets did indeed manage to close off in a positive churches today ro

sells its part to rosneft something a local shareholders are unhappy about at the same time eight or is still willing to buy b.p. stake in the russian joint venture. and let's now take a quick look at the equity markets wall street the only one trading this hour is sharing value as you can see apple is extending monday's losses dragging the nasdaq lower here in moscow the equities ended the day mixed with the r.t.s. managing to recover some of monday's losses and on the currency markets the euro is trading lower to the u.s. dollar the russian ruble and did the day stronger to the current currency basket and that's all latest from the business desk you can find a lot more stories that are teed up com slash business well that does not i hope that in the next couple of days of those reds will turn a little bit greener right up next it's max kaiser will tell you all of the things the banks would rather you never heard all in the kaiser report. download the official location to cell phone choose your language stream quality and enjoy your favorites from matsushita t.v. is not required to

major could become the biggest oil producer in the world that's exactly right and we're talking about rosneft here so far we've known that b.p. has fifty percent stake in their us and british b.p. was up for grabs but they haven't found out that which is the consortium represented by the russian side also want to sell their fifty percent stake and now it seems our raw stuff could buy the whole thing up more details on the head of rolls that is to meet his b.p. counterpart in london later in the day that's to discuss the buyout of the british companies a half of the venture earlier this week ross reportedly negotiated to buy the other half of it from the russian co-owners the deals are estimated to be worth around fifty three billion dollars in total and even though it's a big sum. from north capital it sure will find the money. is little news b.p. will come for the. interest in this joint venture i think next year proves. to be completely rules new. company with a major. in the face of this. including from largest banks like bank so i don't think the experienced. international markets in euro

the euro india's energy corp o n g c considers working on russia's shelf the country's oil major rosneft has invited its indian counterpart to develop fields in the c. of a whole its own g c is already working in russia and wants to expand its business here . but it's not just the hydro carbons a fast growing middle class and hence a booming consumer market is what really attracts foreign companies to russia and five years since the start of the crisis this trend is still quite strong as a telephone call for. the middle class and russia has tripled over the last five years to more than ten million households so many of but each pulse of a hair has substantially more buying power of the average in china brazil india a survey of a kitchen p.r. agency based on the period of three hundred forty best food revealed if the russian could you was attracting the best those to the contrary really. people from outside think that the most attractive feature is the resources of oil that's the third and has actually gone down slightly interactiveness the most important one though is the growing in the