rosneft an estimated two point five billion dollars or equivalent no oil its equivalent oil and rosneft holds a major stake in at least seven oil and gas projects in the country in venezuela the new sanctions could make repayment more difficult for p.v. say which is already behind on oil deliveries and rosneft stock has been trading down for the last month and continued down today on the news. and turning to united states a ten billion dollar investment by electronics firm foxconn was it was supposed to create as many as thirteen thousand jobs at a plant in mount pleasant wisconsin seems to have frozen up after a month of lowering expectations foxconn has now announced that plants operations will focus only upon research and not manufacturing the shift would dramatically lower the number of jobs created at the plant located just south of milwaukee in a statement foxconn said quote the global market environment that existed when the project was first announced has changed one obvious alteration in the environment is that session by president trump who previously hyped the plant with his

rosneft also owns two offshore gas fields in venezuela.ion barrels, venezuela has the world's largest proven reserves of oil. but the industry is near to collapse after years of under—investment and now faces us sanctions. there is major interest as well on wall street in what happens next. this graph shows the trading in defaulted bonds owed by the venezuelan state oil firm. goldman sachs and blackrock are among the major investors making bets on venezuelan debt. its value has surged on hopes maduro could be removed from power, as more countriesjoin the us in backing the opposition. instead of trying to accommodate nicolas maduro to contact groups or dialogue, we urge countries to recognise juan guaido as dialogue, we urge countries to recognisejuan guaido as interim president and join us in responding to his call for immediate international humanitarian assistance to meet the needs of the venezuelan people. nicolas maduro has proven he will manipulate any call for negotiations to his advantage, and he has often used so—called dialogues a

fourth-quarter net for rosneft. order free cash flow comes in at $4 billion for rest aft. -- rosneft to. billion dollar drop in debt. that is the key headline. ebitda fourth-quarter billion rubles, that is a miss, fourth-quarter revenue at 8.2 4 trillion rubles , that is a bead on the estimate of 2.13 but key numbers to focus on, the fourth-quarter net, 109 billion rubles. still keeping an eye on bp but let me get to a different sector of the on rock -- online grocery sector. seeing a decline in 2019 given retail revenue, growth between 10% to 15% in the final year, the full-year at five point 9 million pounds. a miss on the full-year ebitda. is 1.6 2 billion pounds. been taking a look at the futures. we take a look at how they are doing, these are the earnings coming through, we are getting a positive direction from futures, futures, dac, and ftse futures coming up. let's get the bloomberg first word news. >> donald trump's inaugural committee is under scrutiny. they raise to $1.7 million to spend on the curtain ra

seventeen point four billion u s dollars and the list of russian companies operating in africa is long rosneft russia's largest oil company is developing oil and gas fields in egypt muslim big and algeria rival new coil house projects in nigeria gonna come the room russian many on group roussel is mining box side in guinea and a criminal controlled diamond miner is planning to enter sim bob way and already has assets in angola and boats wanna according to the stockholm international peace research institute arms sales also rising rapidly between twenty twelve and twenty seventeen russian arms sales to african countries almost doubled for more on russia's business interests in africa i'm joined by alex vine head africa program at chatham house in london good to have you with us so we already hear that china is a big investor compared to china or the united states for example how does russia compare when it comes to investment in africa. russia's time compared with china or even the united states all the european union it's very very small it's been very very focused on some of the. concessions

seventeen point four billion u s dollars and the list of russian companies operating in africa is long rosneft russia's largest oil company is developing oil and gas fields in egypt muslim big.

. —— rosneft. it is rhetorical, for now.terday did appeal to the chinese for talks, and did offer some reassurances as to their contracts being respect it and so on in the case of a transition. i think that would all be up for negotiation, if there was a transition. thank you for bringing us transition. thank you for bringing us up to date on what is going on in venezuela, a situation we are keeping a close eye on here on the bbc. later today, the leaders of the world's third and fourth biggest economies, japan and germany, are set to talk trade, politics and business. during her two—day visit to tokyo, german chancellor angela merkel is expected to meet, prime minister shinzo abe, emperor akihito and crown prince naruhito. let's go to our tokyo correspondent rupert wingfield—hayes who is following the story. this arrival of angela merkel is hot on the heels of the eu and japan's signing off on their big trade agreement anyway, isn't it? yes, it is. her trip is being advertised by the government has getting together with the

maduro falls, rosneft could force an auction in the courts that has been called a national security issueen mnuchin, the u.s. government may try to intervene in that scenario as well three options, three outcomes and very unusual situation for one of america's largest gasoline refiners. >> well, that wasn't complicated enough, there's actually another big angle to the story called the fourth you remember canadian hedge fund is won a $1.4 billion claim over venezuela. venezuela doesn't pay, they could seek to force an auction of citgo to force a claim. judgment is against venezuela and its lien is against venezuela's indirect ownership of citgo pdvsa is currently challenging that lien on appeal, but we are confident that crystallex will prevail and the u.s. sanctions allow for the process to continue so crystallex can be vindicated it must be a very stressful time to be a citgo employee we'll give you more as it continues to develop right now let's dive in deeper and get analysis with a man who has really followed this more closely than anybody out there has been talking to hedge funds, ru

tens of billions of dollars to third and final scenario, an auction of citgo russian oil company rosneft has a 49.9% claim on citgo, collateral for a loan venezuela needed three years ago if they fall, rosneft could try to force an auction in the courts that has already been called a national security issue by treasury secretary steven mnuchin. three options, three outcomes and a very unusual situation for one of america's largest gasoline refiners. >> now, if that wasn't complicated enough, there's actually another big angle to the story. there's a canadian hedge fund, they want a $1.4 billion claim against venezuela. it has to do with a gold mine, a decade-old case, and basically, without getting too quickly into it, they said, listen, we think the lien still stands. we don't care what happens with the government of venezuela. our case is still open in the courts if they don't get paid, they could call to an option to citgo. and citgo could file for bankruptcy in the next couple of days >> how many workers in citgo >> a few thousand. and at their headquarters in houston. >> we'll conti

have any any direct interest in the country in the way that drugs are for instance through through rosneft the the russian oil company was very strongly in gage invented so in the united states which regard that area as sort of their backyard politically have europe is trying to sort of be a third party that might help to sort of bring science together there will be during the next thursday evening and this week there will be a foreign ministers meeting in montevideo in oregon to talk to some an american neighbors often and so and try to get them to intervene as through diplomatic channels to get talks going try to sort of course to peaceful speace will steps forward the worse they they want to avoid is being to be drawn into this proxy conflict between the united states on one side and russia and also china on the other side so they're sort of trying to sort of show we are a party we want peaceful change in venezuela with the good guys in this ride barbarism in brussels thank you very much for sharing the european perspective on this crisis in venezuela. turning now to mogadishu where at

exchange there we see that they are up for the week and then they're up for the entire year by the way a rosneftthe state owned oil company down for the weekend down for the year roussel the big aluminum company actually over the week up for the year as is the hang sang in hong kong both the a.s.x. down under actually down for the week but up on the year and moving over to india to mumbai to the bombay stock exchange down for the week but for the entire year and i want to stop here in india because it's a very interesting story there in the news today u.s. based amazon they put amazon at risk of violating the laws provision barring exclude. seventy arrangements and sales of products from sellers at which the retailer has equity interest while amazon is visibly scrambling scrambling to quickly comply their rivals may be rushing to play catch up before a long flipkart for example which was acquired by wal-mart last year may have to remove as many as one in four products currently for sale we'll see how just this all works out in the future we'll keep tracking it and the all shares down the year an

and it's a big fight brewing over who controls it in the future russia's rosneft owns forty nine point nine percent of citgo through a one point five billion dollars collateralized loan the rest is owned by venezuela's state oil company p.t. vs say the cash it generates is crucial to madeira and the opposition leader. who wants to replace the board. well the u.s. decision to sanction venezuelans oil assets two weeks ago was a move designed to keep citgo revenues out of president nicolas maduro as hands this was his response of the time. i see the transatlantic of united states today decided to take the party to steal citgo from venezuela and that's an illegal path i gave instructions to the president of. a owner of citgo to start with political and legal actions in the american courts and around the world to defend the property and the riches of said god well joining me now from london is dara mcdowell is the head of europe research and principal analyst on russia at the risk analysis company various maple crafts good to have you with us let's talk a little bit about citgo because that

and it's a big fight brewing over who controls it in the future russia's rosneft owns forty nine point nine percent of citgo through a one point five billion dollars collateralized loan the rest is owned by venezuela's state oil company say the cash it generates is crucial to maduro and the opposition leader one guy though who wants to replace the board. well the u.s. decision to sanction venezuelans oil assets two weeks ago was a move designed to keep citgo revenues out of president nicolas maduro as hands this was his response of the time. i see the transatlantic united states today decided to take the party to steal citgo from venezuela and that's an illegal path i gave instructions to the president of. a owner of citgo to start with political and legal actions in the american courts and around the world to defend the property and the riches of said god well joining me now from london is dara mcdowell is the head of europe research and principal analyst on russia at the risk analysis company various maple crafts good to have you with us let's talk a little bit about citgo because th

russia's national oil company rosneft has pumped $7 billion into venezuela in the past five years, mostlyture oil deliveries. at 300 billion barrels, venezuela has the world's largest proven reserves. but the industry is near to collapse after years of under—investment — and now faces us sanctions. there is major interest on wall street in what happens next. this graph shows trading in defaulted bonds owed by venezuela's state oil firm pdvsa. goldman sachs and blackrock are among the major investors making bets on venezuelan debt. its value has surged on hopes maduro could be removed from power — as more countriesjoin the us in backing the opposition. the tory. that graph will be of great interest to kevin daly daly investment director, aberdeen standard investments but concerns to you have? were concerned about how long this crisis will go on for. the office of the us treasury is prohibiting us investors for continuing to trade the bonds. they said we will give you a period of up toa they said we will give you a period of up to a month to sell the bonds to non—us investors. effectively t

and it's a big fight brewing over who controls it in the future russia's rosneft owns forty nine point nine percent of citgo through a one point five billion dollars collateralized loan the rest is owned by venezuela's state oil company say the cash it generates is crucial to maduro and the opposition leader one guy though who wants to replace the board. well the u.s. decision to sanction venezuelans oil assets two weeks ago was a move designed to keep citgo revenues out of president nicolas maduro as hands this was his response of the time. i see the transatlantic of united states today decided to take the party to steal citgo from venezuela and that's an illegal path i gave instructions to the president of. a owner of citgo to start with political and legal actions in the american courts and around the world to defend the property and the riches of said god well joining me now from london is dara mcdowell is the head of europe research and principal analyst on russia at the risk analysis company various maple crafts good to have you with us let's talk a little bit about citgo because

from the sidelines i mean russia and china are both tough assets on the ground in venezuela russia's rosneft came out this morning and said it was monitoring it's it's it's it's on the ground china has been certainly more qualified i think you know what they're concerned about is the sanctity of their contracts moving forward under whatever administration comes to pass so i think you know they will go so far but i think they won't you know there's no i wouldn't see russia sending you know troops or any kind of military assistance and so it will very much be a case of waiting on the sidelines saying that we did not intervene and then you know back channeling to to try and guarantee you know relations moving forward under a different administration whether that's guy joe or some kind of mixed administration you should see what happened certainly for the moment on the government so much for joining us from london thank you. plenty more ahead here on the al-jazeera news hour including. the lure of the brits it is something many britons in search of their irish roots. and a grim warning about pla

then you look at what's going on with germany, allowing that the pipeline from rosneft, allowing huawei to build in the 5g network, there is a lot more at play here than the cost of a bmw bubbling to the surface. it is expressed in tariffs that may or may not be the best deal. i think there are a lot of layers about this than are talked about. neil: you're definitely right about that. if they're really panicked about this, they have a funny way of showing it but then i'm wondering here whether the economic backdrop is still very sound, despite some weak economic numbers we got today from the philadelphia fed and durable goods and home sales and the like. the fact of the matter is by and large americans predisposition to spend remains unabated. maybe that could explain why samsung with its new galaxy phones is charging up to $2,000 for one of them, convinced that will continue to be the case step back from this, tell me how they're doing, how the american consumer is doing, the economy, what do you think? >> i think the american consumer still doing well. the data we look at, there is a