we saw the euro stoxx leading, and two-thirds in positive territory. on wall street, positive news with construction spending. it is encouraging investors to buy the dow industrials. they are currently up just shy of one full percentage point. in the currency markets, the euro is trading at $1.33. oil prices struck a two-year high on monday with a barrel of crude oil trading at more than $95 per barrel. traders say the prices are surging as the global economic recovery picks up speed. analysts say the demand will strengthen even further this year, especially in china and other emerging economies, and some people say that rising oil prices are also linked to investors' hedging by buying up all of the commodities that date see. natural disasters. a total of 950 natural disasters were recorded, including the earthquake in haiti and floods in pakistan. this made 2010 the second worst year since 1980. the earthquakes in chile and new zealand were the most expensive for th8 insurance sector, even though they were not the most devastating on the human scale.

the euro stoxx 50 is also higher. on t crency markets, the euro is trading at $1.29. bad news for german motorists. the price of petrol is up. crude-oil is at a high. prices in germany for patrol have not been this high since 2008. they say it is to to the destruction in the trans alaska pipeline. in the u.s. car industry -- due to the diupti to the transatlantic a pipeline -- trans alaska pipeline. and the u.s. car industry is doing better. >> 2 million midsized cars are sold in the u.s. each year for volkswagen's competitors mostly. >> a lot are fairly rational, in terms of the features, the value that the offer. that is a good starting place, but with the volkswagen brand, with our german engineering, with the added value that that brings, we can bring some more excitement. >> passat will go on sale in august, made at the tennessee plant, but it will have fewer features and a smaller price tag. german car makers want to build their position in the luxury and high-performance segment. bmw has a big new convertible. >> premium cars are very important in this market.

the euro stoxx 50 of leading euro zone companies is down, and on currency markets, the euro is tradingat $1.32. european airplane maker airbus has scored a surprising victory in the race against boeing. there was a record year in 2010, delivering a total of 510 planes against the for under 26 from boeing. widget against the 426 from boeing. -- against the 426. >> the airbus c.e.o. said it was not such a bad year for the eupean airplane manufacturer, but what an understatement. 2010 turned out to be a record year at airbus, which now claims 52% market share for commercial airplanes and a clear lead over rival boeing. >> they want to take the top delivery spot from us in 2011, and offer him a bed. that also in 2011, we will stay ahead of him -- and i offer him a but --bet/ -- bet. >> airbus also says it has largely overcome problems with its a380's. rolls royce has had to work of the engines of the planes, which has affected delivery, leading to some restrictions in deliveries. >> in an email, steve jobs is any comic figure at apple, but he sayhe will no longer be ceo -- an iconic figure

the euro stoxx 50 finished the day up. in new york, the dow jones treading 0.2% higher. over 12,000 points. it and the currency markets, the euro trading at $1.3683. >>> a toyota has announced another recall. this time over concerns about possible fuel leaks. the recall affects 1.2 million toyota cars, including up to 24,000 in germany. japan's transport ministry says bacon develops light truck -- slight cracks that can develop leaks. itoyota has now recalled about 2 million cars since 2009. that is the business update. >>> president hamid cars i opened afghanistan's parliament after they had threatened to start without him. this came 4 months after controversy a parliamentary elections which were racked by widespread claims of fraud. >> many afghans expressed amazement their parliament had opened. the president swore and 249 members of the lower house of parliament. he also wrote sharply criticized the international committee for meddling in afghanistan's elections. >> we must make government institutions and the elections treat our own. elections controlled by the afgh

stoxx 50 ended slightly up. on wall street, the dow industrial is lending some what to 11,819. the euro is trading for $1.34. the spanish government is working on a second round of recapitalization for its regional savings banks. private investors may provide some money. an injection of 30 billion euros is on the cards. >> spain's savings banks have traditionally played a major role in the country's mortgage business. but debt defaults have hit them hard since the financial crisis broke. this year alone, outstanding mortgages worth a total of 80 billion euros could fail. the spanish construction boom lasted a decade, but the sector was financed with borrowed money, from commercial projects to private consumers building their own homes. the 2008 financial crisis brought the mortgage merry go round to a halt. the government has already helped out with a capital injection of 11 billion year rose. madrid says opening them to fresh private and public capital is partof aaft of reforms aimed at restoring international confidence in the sector. >> swiss police are still holding a forme

the euro stoxx 50 finished slightly higher. the doubt is opt out on currency markets. -- the dow jones is up slightly. >>> things are looking good for the second biggest lender and the u.s., j.p. morgan chase, its shares rising after reporting a 47% jump in fourth quarter earnings. they beat analyst expectations, posting profits of $4.8 billion in the final three months of last year. the banks' revenues rose thanks to the increasing demand for loans from corporate and consumer clients. jpmorgan is widely seen as a barometer for the help of the u.s. economy. >>> the number of new car registrations in europe has slumped by about 5.5%. the decline came after most government incentives expired for car owners to upgrade aging models carry the decrease affected most big manufacturers, with toyota, honda out, and fiat taking the biggest hit. iluxury brands but the trend. analysts expect 2011 to remain sluggish for the european mark, but things will improve later in the year. >>> the late pope john paul ii is closer to sainthood today.

euro stoxx 50 fearing bit better, looking in gains of 0.3%, 2979.n new york, the dow jones enjoying a nice rally, up by more than 0.7%, 11,960 points. 12,000, not too far away. the euro trading in the belly of $1.3640. in the wake of the recent dioxins in germany, the european union agriculture ministers have called for title -- tighter controls on animal feed, to these which produce animal feed should be subjected to a tougher safety checks to make sure the cancer causing chemical dioxin does not get into the food chain. the german dioxin scare led to thousands of farms being shut down temporarily after meats and eggs which might have been contaminated were shipped as far ay as britain, the czech republic, thnetherlands, and poland. q>> many consumers are cautious about and german pork, germany's minister for agriculture is busy in brussels trying to minimize damage to exports. she says germany's doing everything it can to address the problem, but also, europe needs to check current procedures. >> it is mostly the registration requirements for comp

the euro stoxx 50 was up small.in new york, equity prices are drifting lower on disappointing christmas retail sales data. the dow industrials are currently down about 0.3%. on to the currency markets, the hero is ready for $1.3023. the greek prime minister, george papandreou, is backing the idea of a joint eurobond. at aeeting in paris today, he said that only the issuance of a joint bond could help europe out of its debt crisis. the same time, he said the government would still need to cut their budgets. eurobonds are controversial. opponents like germany and france are worried that common interest paymentwould take away the incentive for indebted countries to trim their budgets. the world's largest consumer electronics fair has just opened its doors in las vegas. the latest trends on display include internet-connected 3d televisions, tablet pc's, and a new home entertainment platform. and the microsoft ceo has surprised visitors by saying that his company is taking up an alliance with a second chipmaker. >> the e

euro stoxx 50 in doing even better, reclining -- climbing by 0.7%, 2989.he dow jones on wall street of just a tad, trading 11,990 two points. on currency markets, the year of trading against the u.s. dollar at a value of $1.3730. as the market for smart phones continue to grow rapidly, so is the number of downloads of mobile applications. u.s. market researcher says sales of applications are expected to reject value of about 11 billion euros and a dozen 11. nearly tripled the amount record of last year. they predict that by the end of 2014, some 185 billion applications will have been downloaded from online stores, and the majority of applications continue to be downloaded from apple's application store. that is your business update. >> thank you. old man winter is holding on tight. there was another winter white- out in the northeastern part of the united states. a thick blanket of snow fell from the state of maine to virginia and washington and new york and new york has been deluged. have a major of snow dumped on the big apple overnight. airports at to

blue chips on the euro stoxx 50 finishing at 2954.ew york, the dow jones also down, 1.3% lower. on the currency markets, the you're trading at a value of $1.30 cents12. china says it will help boost global consumption of goods by doubling imports over the next five years. major industrialized nations, such as the united states, have urged china to help rebalance the global economy by boosting domestic consumption and cutting its reliance on exports. the pledge to increase imports was made by chinese commerce minister and the world economic forum in davos, and also said chinese companiewould be encouraged to expand abroad. that is your look at business. >> thank you for that. the suicide bombing at a supermarket and the afghan capital kabul has killed at least nine people. the blast tore through a supermarket near the british embassies in the center of the cities. three foreigners were among the dead. two insurgent groups of claimed responsibility for the attack. observers say violence in afghanistan is at its worst levels since the ov

the euro stoxx 50 surged even higher. and new york is also up 0.5%.he euro is currently trade for $1.36. btish airways in spain's iberia completed their merger friday. it is hoped the move will save almost 400 million euros a year in five years' time of the two carriers will retain their separate brands, falling to around 200 destinations around the world. there'll be europe's third largest airline by market value, after lufthansa and air force klm. but trouble looming for british airways with staff of voting for strike action. the union named a new date for the walkout. a major holdup on germany's main waterways starting to affect business across europe. authorities had to close the rhine river after a sulfuric acid tanker capsized. the barge has not lead, but the incident has caused a massive traffic -- traffic jam. the chemical giant has had to cut production. >> as scrap metal has been stuck on this and barge on the mine at ryan's for days. it is not the only cargo caught in the log jam. a whole array ofraw materials have been held up. and chemica

the euro stoxx 50 fell by 0.7% in finished the session at 2957.n wall street, the dow jones average finishing about 0.5% lower, 11,000 and had 23 points. on currency markets, the you're treading in the belly of $1.3669. ropean comssio predent is meeting with the german chancellor tuesday evening at the government retrieved outside berlin. they will discuss it does -- response to the eurozone debt crisis. the meeting is that of an eu summit in brussels next week amid calls from economic and monetary affairs commissioner for the eurozone's bailout fund to be enlarged. germany had opposed an increase in the fund is now indicating it would support lower interest rates on bailout loans in return for commitments from recipients to tackle debt and boost competitiveness. >> will be 440 billion your offense save the euro, or will the eu have to find more bailout funding? this is the top issue during talks between european union monetary affairs commissioner and the german governing coalition partner, the ftp, who reject more risky packages. they fear taxpa

the euro stoxx 50 is also higher. on the currency markets, the euro is trading at $1.29. bad news for german motorists. the price of petrol is up. crude-oil is at a high. prices in germany for patrol have not been this high since 2008. they say it is to to the destruction in the trans alaska pipeline. in the u.s. car industry -- due to the disruption to the transatlantic a pipeline -- trans alaska pipeline. and the u.s. car industry is doing better. >> 2 million midsized cars are sold in the u.s. each year for volkswagen's competitors mostly. >> a lot are fairly rational, in terms of the features, the value that the offer. that is a good starting place, but with the volkswagen brand, with our german engineering, with the added value that that brings, we can bring some more excitement. >> passat will go on sale in august, made at the tennessee plant, but it will have fewer features and a smaller price tag. german car makers want to build their position in the luxury and high-performance segment. bmw has a big new convertible. >> premium cars are very important in this mark

stoxx 50 ended slightly up. on wall street, the dow instrial is lending some what to 11,819. the euro is trading for $1.34. the spanish government is working on a second round of cazati for its regional savings banks. privatenvtorode some money. an injection of 30 billion euros is on the cards. >> si's savings banks have traditionally played a major role in the country's mortgage business. but debt defltave hit them hard since the financialris ok this year alone, outstanding mortgages worth a total of 80 billion euros could il the spanish construction boom lasted a decade, but the sector was financed with borrowedmoneys to private consumers building their own homes. the 2008 financial crisis brought the mortgage merry go round to ht. the government has already helped out with a capital injection of 11 billion year rose. madridni tm to fresh private and public capital is part of a raft of reforms aimed at restoring international coidcen e ctor. >> swiss police are still holding a former banker for questioning about potential breaches of swiss banking laws. the have 24 hours to

the euro stoxx 50 of leading euro zone companies is down, and on currency markets, the euro is tradingat $1.32. european airplane maker airbus has scored a surprising victory in the race against boeing. there was a record year in 2010, delivering a total of 510 planes against the for under 26 from boeing. widget against the 426 from boeing. -- against the 426. >> the airbus c.e.o. said it was not such a bad year for the european airplane manufacturer, but what an understatement. 2010 turned out to be a record year at airbus, which now claims 52% market share for commercial airplanes and a clear lead over rival boeing. >> they want to take the top delivery spot from us in 2011, and offer him a bed. that also in 2011, we will stay ahead of him -- and i offer him a but -- bet/ -- bet. >> airbus also says it has largely overcome problems with its a380's. rolls royce has had to work of the engines of the planes, which has affected delivery, leading to some restrictions in deliveries. >> in an email, steve jobs is any comic figure at apple, but he says he will no longer be ceo -- an iconic f

we saw the euro stoxx leading, and two-thirds in positive territory. on wall street, positive news with construction spending. it is encouraging investors to buy the dow industrials. they are currently up just shy of one full percentage point. in the currency markets, the euro is trading at $1.33. oil prices struck a two-year high on monday with a barrel of crude oil trading at more than $95 per barrel. traders say the prices are surging as the global economic recovery picks up speed. analysts say the demand will strengthen even further this year, especially in china and other emerging economies, and some people say that rising oil prices are also linked to investors' hedging by buying up all of the commodities that date see. natural disasters. a total of 950 natural disasters were recorded, including the earthquake in haiti and floods in pakistan. this made 2010 the second worst year since 1980. the earthquakes in chile and new zealand were the most expensive for the insurance sector, even though they were not the most devastating on the human scale.

the euro stoxx 50 finished the day up. in new york, the dow jones treading 0.2% higher. over 12,000 points. it and the currency markets, the euro trading at $1.3683. >>> a toyota has announced another recall. this time over concerns about possible fuel leaks. the recall affects 1.2 million toyota cars, including up to 24,000 in germany. japan's transport ministry says bacon develops light truck -- slight cracks that can develop leaks. itoyota has now recalled about 2 million cars since 2009. that is the business update. >>> president hamid cars i opened afghanistan's parliament after they had threatened to start without him. this came 4 months after controversy a parliamentary elections which were racked by widespread claims of fraud. >> many afghans expressed amazement their parliament had opened. the president swore and 249 members of the lower house of parliament. he also wrote sharply criticized the international committee for meddling in afghanistan's elections. >> we must make government institutions and the elections treat our own. elections controlled by the afgh

euro stoxx 50 fearing a bit better, looking in gains of 0.3%, 2979.n new york, the dow jones enjoying a nice rally, up by more than 0.7%, 11,960 points. 12,000, not too far away. the euro trading in the belly of $1.3640. in the wake of the recent dioxins in germany, the european union agriculture ministers have called for title -- tighter controls on animal feed, to these which produce animal feed should be subjected to a tougher safety checks to make sure the cancer causing chemical dioxin does not get into the food chain. the german dioxin scare led to thousands of farms being shut down temporarily after meats and eggs which might have been contaminated were shipped as far away as britain, the czech republic, the netherlands, and poland. >> many consumers are cautious about and german pork, germany's minister for agriculture is busy in brussels trying to minimize damage to exports. she says germany's doing everything it can to address the problem, but also, europe needs to check current procedures. >> it is mostly the registration requirements for c

blue chips on the euro stoxx 50 finishing at 2954.new york, the dow jones also down, 1.3% lower. on the currency markets, the you're trading at a value of $1.30 cents12. china says it will help boost global consumption of goods by doubling imports over the next five years. major industrialized nations, such as the united states, have urged china to help rebalance the global economy by boosting domestic consumption and cutting its reliance on exports. the pledge to increase imports was made by chinese commerce minister and the world economic forum in davos, and also said chinese companies would be encouraged to expand abroad. that is your look at business. >> thank you for that. the suicide bombing at a supermarket and the afghan capital kabul has killed at least nine people. the blast tore through a supermarket near the british embassies in the center of the cities. three foreigners were among the dead. two insurgent groups of claimed responsibility for the attack. observers say violence in afghanistan is at its worst levels since the

the euro stoxx 50 fell by 0.7% in finished the session at 2957.n wall street, the dow jones average finishing about 0.5% lower, 11,000 and had 23 points. on currency markets, the you're treading in the belly of $1.3669. european commission president is meeting with the german chancellor tuesday evening at the government retrieved outside berlin. they will discuss it does -- response to the eurozone debt crisis. the meeting is that of an eu summit in brussels next week amid calls from economic and monetary affairs commissioner for the eurozone's bailout fund to be enlarged. germany had opposed an increase in the fund is now indicating it would support lower interest rates on bailout loans in return for commitments from recipients to tackle debt and boost competitiveness. >> will be 440 billion your offense save the euro, or will the eu have to find more bailout funding? this is the top issue during talks between european union monetary affairs commissioner and the german governing coalition partner, the ftp, who reject more risky packages. they fea

euro stoxx 50 in doing even better, reclining -- climbing by 0.7%, 2989.he dow jones on wall street of just a tad, trading 11,990 two points. on currency markets, the year of trading against the u.s. dollar at a value of $1.3730. as the market for smart phones continue to grow rapidly, so is the number of downloads of mobile applications. u.s. market researcher says sales of applications are expected to reject value of about 11 billion euros and a dozen 11. nearly tripled the amount record of last year. they predict that by the end of 2014, some 185 billion applications will have been downloaded from online stores, and the majority of applications continue to be downloaded from apple's application store. that is your business update. >> thank you. old man winter is holding on tight. there was another winter white- out in the northeastern part of the united states. a thick blanket of snow fell from the state of maine to virginia and washington and new york and new york has been deluged. have a major of snow dumped on the big apple overnight. airports at to

the euro stoxx 50 surged even higher. and new york is also up 0.5%.he euro is currently trade for $1.36. british airways in spain's iberia completed their merger friday. it is hoped the move will save almost 400 million euros a year in five years' time of the two carriers will retain their separate brands, falling to around 200 destinations around the world. there'll be europe's third largest airline by market value, after lufthansa and air force klm. but trouble looming for british airways with staff of voting for strike action. the union named a new date for the walkout. a major holdup on germany's main waterways starting to affect business across europe. authorities had to close the rhine river after a sulfuric acid tanker capsized. the barge has not lead, but the incident has caused a massive traffic -- traffic jam. the chemical giant has had to cut production. >> as scrap metal has been stuck on this and barge on the mine at ryan's for days. it is not the only cargo caught in the log jam. a whole array of raw materials have been held up. and chem

the euro stoxx 50 finished slightly higher. the doubt is opt out on currency markets. -- the dow jones is up slightly. >>> things are looking good for the second biggest lender and the u.s., j.p. morgan chase, its shares rising after reporting a 47% jump in fourth quarter earnings. they beat analyst expectations, posting profits of $4.8 billion in the final three months of last year. the banks' revenues rose thanks to the increasing demand for loans from corporate and consumer clients. jpmorgan is widely seen as a barometer for the help of the u.s. economy. >>> the number of new car registrations in europe has slumped by about 5.5%. the decline came after most government incentives expired for car owners to upgrade aging models carry the decrease affected most big manufacturers, with toyota, honda out, and fiat taking the biggest hit. iluxury brands but the trend. analysts expect 2011 to remain sluggish for the european market, but things will improve later in the year. >>> the late pope john paul ii is closer to sainthood toda