shares in the world's largest producer roussel drop three point four percent at the end of tuesday session while the market grows around half a percent in russia more on this in around twenty minutes to. a very warm welcome to you from all of us here at r.t. if i'm wrong recent shame as the international community remains at loggerheads over a solution to syria russia is bolstering its push for peace moscow wants a cease fire without preconditions and is indorsing the joint un arab league peace effort led by kofi annan but meanwhile damascus is going ahead with more democratic reforms with parliamentary elections now do you in may with you tells us he's paula slipped. we continue to hear reports of spiraling violence with new reports of dozens of people being killed on both sides we're hearing from the leaders of the syrian opposition saying that they have been promised weapons from abroad but they are still calling for a political and diplomatic solution the russian foreign minister sergei lavrov has expressed his concern that these weapons good end up in the hands of al-qaeda is also sai

speaking about share prices let's take a look at how the markets were faring and how roussel shares were doing well overall market performance was positive with the r.t.s. gaining almost two percent by the end of the day with my six around half a percent but if we take a look at the main movers on the mice you'll see that roussel was the outsider of trading down no three point four percent of the gross gazprom also moved into the red territory by the end of the session on lower energy prices that we saw at the close and there's burbank among financial stocks was the strongest up one and a half percent in the united states we're seeing two new psychological records as the dow jones reaching thirteen thousand and the nasdaq reaching three thousand points these are very important of course landmarks and that's on a report so that the retail sales grew in february in the europe also a bit of a high there will all together the move was positive today in the markets where the footsie up four point nine percent the dax one point four percent e.u. ministers approving a second bailout for greece

now second look at how the market was taking that news coming in from roussel overall the session was negative after five sessions almost five sessions of growth the r.t.s. and the my six out of friday's session i wanted to climb with profits taking but take a look at the main movers on the my sex roussel was announced ending gain i was up more than three point three percent there they are those figures you can see there b.c.b. also an interesting stock of three quarters of a percent much better than the market did drop throughout the session after news that the company of the second largest bank in russia would go ahead with the next hero in around september october this year to rake in another three billion dollars and lukoil was down one point four percent of the close of the disappointing for results for two thousand and eleven were released. now similar to what's going on elsewhere light sweet is showing hefty gains more than two dollars for brant boyle on. the fact that the rumors have been denied that the us would be releasing their strategic oil reserves onto the market and al

chong is coming in to replace big but a vessel buried one of russia's richest men as chairman of roussel barry chong has been in the company since two thousand and ten as an independent director also the head of the hong kong mercantile exchange baxter greg left his position at the world's biggest enemy of producer on tuesday. amid a gale of angry rhetoric where the company's main shareholder leg did he pass in particular the two men were actually sharply at odds over selling a major stake in russia's biggest miner normal cynical now looking at the market reaction to it it seems to south is doing the right move while the market was down as you can see there by around half a percent at the close on friday a very long week six days of trading roussel stock among the main movers on the my sax was up three point three percent stake a look at that financials were actually better than the market would be to be up one point seven five percent on news that it could go ahead with a secondary public offering in september october to rake in another three billion dollars from private investors and l

up more than three percent you can take a look at those share movers right now they're coming in roussel they're gaining three point three percent g.d.p. also an interesting stock is up three quarters of a percent at the end of the session when it was falling for the session on news that the company may go ahead with a secondary share offering in september or october for another three billion dollars and the lukoil was down one point four percent despite high oil prices a look at them in just a second. because of its disappointing for results price you can see there brant grown more than two dollars per barrel this hour now a bit of a yo yo actually of past twenty four hours the news broke all the other room of growth lost in the last session with the u.k. and the u.s. reportedly opening their reserves strategic reserves and letting more oil onto the market before the world prices fell right now we're seeing growth on escalating tension between the west and iran which has been isolated from the world banking system has been disconnected from swift. move on to stock markets in the united

thousand and seven he's replacing victor vector better russia's largest that alimony and producer roussel of course also buried showing awards the chairman and still is the chairman of the hong kong work and tile exchange their ears and victor victor veritas are my left his position of the world's biggest enemy and producer made a gale of angry rhetoric with the company's main shareholder. in particular the two men were sharply at odds over selling a major stake in russia's biggest miner metals. let's take a look at what's going on in the russian market and how to sell shares of barry overall it's a negative session with the obvious losing point seven percent almost one percent there correcting after several sessions of growth we want to start scam roussel is bucking that trend it's up more than three percent on this news that the chairman has been found a new chairman for the company v t v there is an interesting stock is down one point three percent in this session that's after an announcement that an additional share placements might take place in september of this year for another thr

with the company's management have led the company into a crisis situation now the company inter roussel has said that if the vets have got it for more than a year now has been ignoring his obligations as the company's chairman has been very much participating in board meetings and therefore on march sixteenth there like they were likely to find a replacement for in any way also several aspects of the relationship between the victim actually better and the company's management notably the c.e.o. and i get it passed that we need to mention is because the management of the assets resell has got a price that's a stake in normals mikkel because victor victor very for a long time has been insisting that the stake should should be sold whereas. i was i was against this now also dividends the company has not been paying for for quite a few years now and these are several aspects that we need to keep in mind when looking at this resignation but we talked to robert mounds of creativity and he says the effect on the company will be short. i believe the situation has come about because of the disag

be actually selling his stake in roussel that could be a very interesting of course we're seeing right now is that the markets are quite positive the r.t.s. is barely in the black the my six is up by one third of a percent rw sow's shares on the stock exchange before and by as much as three and a half percent and they were suspended in hong kong on request from the company a second ago was moving in nice right now these are financial shares mainly as burbank up one percent bt b. also one of the biggest gainers energy shares also feeling well with gas from up a third of a percent in lukoil of more than one percent on the news that it is planning to expand its spending on iraqi oil fields to two billion dollars in loans. and the picture is pretty much similar in europe are saying that puts you on the back serving quite positive of the e.u. ministers approved measures to provide greece with another wave of bailout money one hundred seventeen billion euro. moving on to will and it is also looking positive again around half a dollar a barrel but we have heard statements from us several mini

mini a minor chairman well victor back so better to said he's resigning from the post of chairman of roussel because of the differences between him and the management of the company which has as he says led to the company being in a crisis situation meanwhile roussel says the vaccine veges been ignoring his obligations as the company's chairman for more than a year now and analysts say that said another sticking points between the back and the company's main person c.e.o. exiting pasco and that includes the management of for the stake in north cynical twenty five percent stake in a very valuable asset and also the company's dividend policy and also on the say that the effect on the company's operations will be short. i believe the situation has come about because of the disagreements escalating between mr hubbard and mr de pasco. we don't believe that the result is in a crisis situation. that is very manageable it's what position illumina markets so there is no crisis situation here in the us and we believe in finally short term of this and this will put some pressure on the share prices hav

it boss guy has made another offer it's only a blocking stake in the company from aluminum miner roussel now moving on to european markets we see that they are there we go their whole sense of territory and we have packs in energy stocks and even the gains they're real so the exchange rates the euro is richly in both against the ruble and the u.s. dollar when it comes to the ruble we're seeing gains there against the greenback and of course as i mentioned earlier the euro now crude is still trading in the red and that's this why we're expecting a report that the american economy is strengthening and what a support factor is the tension and wrong where your own crits are and instead of military conflict and of course the country is home to more than the world's have oil reserves and other news when it comes to companies now lying out of hand in russia with the bank accounts do not pay taxes that's the latest finding of the central bank which tries to estimate the scale of money laundering and be called to me in absolute terms some three hundred forty thousand companies evade taxes in two

has made another offer its and my block in stake in the company from aluminum miner roussel well that's more. than the throughout the day there in so export oriented blue chip companies are leading the gains and that's who stood by a weaker yen haven't said that carmaker mazda is losing and that's on records it's planning to ditch its commercial vehicle business by the end of the decade if you're here in markets are up this hour or there's been a mix then we had an incidence of territory but now it's back in the positive and we have bank and energy stocks leaving the. the gains there in the u.s. the markets our is still closed the figures that you seen are from friday and we saw a positive picture there and the gains were mainly from financial and a commodities thoughts represent a look at the exchange rates the euro is retreating both against the ruble and the u.s. dollar when it comes to the ruble it's gaining slightly to the u.s. dollar now moving on to crude it's still trading and negative territory and that's the spot expectations that will have every war that will show that the am

indeed though we've got a new chairman of the board for the largest producer in the world that's roussel and his name is barry chong he has been independent director at the company since two thousand and ten and he also heads the hong kong mercantile exchange now just a reminder victor a very good one of russia's richest men left the position early this week on tuesday so i think that there's a disagreement between him and management which has quote led the company into a crisis situation because you can see that within just three days the company has managed to find a replacement for him and i will see how that reflects on the company's performance in the coming months. security of markets at this hour and of course all eyes on oil which has been seeing some downs the past couple of sessions now yesterday were rumors that the u.k. and the u.s. might release their strategic reserves onto the market they have been pretty much played down so coming back out now on increasing escalating tension between the west and iran just a reminder to our viewers as of saturday iran's banking systems wi

lost half a percent of its head denied rumors of a privatisation road show in april all deals in roussel plunged off revealed worse than expected net profit for last year comerford was the top gainer on the my six hours of the monopoly watchdog allowed to buy another ten percent plus one share in the russian truck make up most of the top gold mine in there meanwhile polis has suspended plans to join the footsie one hundred index but this is it comes off the delays in receiving approval from russia's foreign investment commission the company had planned to listen in a half percent in london raising a potential seven hundred million dollars. meanwhile ukraine is reportedly in talks with turkey remain here and germany to import ski of has been in a long running dispute with russia's gazprom over prices and it's now looking to diversify supplies. and that's the business will be back in fifteen minutes the headlines are next to an article. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to cope for a shelter o

note a lot of profit taking ahead of the weekend with my six declining around half a percent but roussel stock was in particular feeling better than the market was up three point three percent after this decision to replace fix a very. good job with that your t.v. was up at the close almost one percent although it did fall straightaway on the news that the company may go ahead with a s.p.o. in september or october for another three billion dollars and lukoil was down one point four percent of its close on that disappointing move which results in two thousand. to move over to commodities a lot of movement going on of us twenty four hours first we saw a big dip right after rheumatic the u.k. and the u.s. with the release of their strategic reserves of oil but now apparently the white house commenting that they were only just starting out and what we're seeing right now is growth for almost two dollars all brands blend on escalating tensions with iran which has been excluded from the swift system that means its banks will not be able to have transactions with other international banks. movi

of russia's richest men who stepped down around three days ago now very independent director for rousselle since two thousand and ten he also chairs the hong kong mercantile exchange now viktor vex about a leftist position on the world's biggest enemy producer made a gale of angry rhetoric with the company's a main shareholder. in particular two men who were sharply at odds over selling a major stake in russia's biggest hurdles. what's happening on the markets and the reaction to what's going on in rusalka well right now the markets are down and correcting after several sessions of growth if we take a look at the main movers you'll see that roof sallies bucking the trend that it's up more than a request say all news that it's found a new chairman of the board the t.v. is down one percent after announcing they may go ahead with an additional share placement in september for around three billion dollars like it did last time and. is down more than one percent on that disappointing for results and to. take a look at what's going on elsewhere around the commodities markets we're seeing light s

tycoons have been battling over control of another company a mining giant northeast nickel he was roussel to sell it share in northeast nicole in order to resolve the dispute however that if trust is against this for more on the mass over there is going to have to flatten is you call from hey just b. c he's going to tell us what's really behind the resignation of prime reason for us resignation is he was basically just compounds with the management if it was all a real cynical stick back of the company with all first made a very significant premium for the sport more appeared and that of course the sale would allow the company or to deliver a significant player and allow the company of gold to recycle it to continue fighting else going on the green and most important what it is asian project here spoken probably some time ago if. it was so of history. by you know whether he will be only willing to sell the longer something we have to wait for. now following on from the news trading in russo was suspended in hong kong after open one point three percent on shoes day now talking about russia

i think that could be tied to some possible sale of the north nickel stake itself people roussel as a victim because said it is in a crisis situation would you agree with that kind of assessment of the situation the company. no i don't think it is in a crises it's three negotiated restructuring its debt has rough we know there were ten point nine billion dollars. that is managing it. the financing costs and that are around five percent this year it has maybe another hundred million dollars of debt coming due so so no i think the debt the debt side is very manageable i don't think there is a crisis at the company and i will reduce our has to the hong kong stock exchange to suspend trading in it she has in the russian markets we've seen a drop of three point four percent in the deposed receipts of the company what do you think will happen next. i think you're going to see some more pressure on the share price over the next couple of days but i think long term it will be important to the next german would be an independent director will be someone closer to mr due process so i think i th

can you hear me all right i'm asking you why you yeah i can hear oh yeah it has quit as has roussel why do you think that he's quit. why i think here's a here's a resignation is something that has not carbon and it's. because there will be history and you also of the recent public statements including if yourself as well as another major shareholder of rosol mikhail prokhorov or were there slowly hoffner all snake all sleep basically. wrecks oberg both fear of the seal of the real cycles the birth of a company power or the control. shareholder i learned that if i ask a resistor and i think there that there's a real court order for there to serve resignation. i can now he has said that the company is a in a deep crisis now do you go along with that considering that the company's managed to restructure their debts up until now he just saying that sort of throwing his russians out of the power as it were is that the case. i'm sorry move over clear believes of your agree with back so bad that the company even deep crisis as he says would you go along with that. world are i don't think about

my and roussel loose rocks slid down in a hillside. it was from the same system that battered the bay area on saturday. let's check the weather with elisabeth. >> what are you giggling about? >> i was going to talk and then she was going to talk >> heading out the door right now, temperatures are on the cool side. mostly in the 40's. the low '30's in some spots. a few low clouds but for the most part we're mostly clear. partly cloudy skies with temperatures mostly in the upper 50s to likely the low 60s. this low pressure is what we're watching coming tuesday. we will time out for you with future cast. tuesday around midnight, that is when we are starting to see the rain showers move through parts of santa rosa and then quickly heading south throughout the day on tuesday. it is not really going away until wednesday evening. we will see a half inch up to 2 in. depending on where you are. temperatures today are mostly in the upper 50s to the low 60s. 62 in concord, 62 in livermore. a little bit cooler in san francisco and san rafael. over