tv [untitled] August 5, 2011 7:00am-7:30am EDT
to the home of the that's the great way to go to the grand imperial truly the torch was the. new kind of letter to the socialist good to see don't need to go and. read this in the kernel was hotel retreat. dropped stock and apparel europe's shares a slide in trading. on wall street retreat amid a gloomy u.s. outlook and deepening a eurozone. president medvedev urges syria's leader to start talks and reforms with the opposition or expect a sad future that's as protesters reject the offer of change from president assad who's ramped up attacks on their stronghold also this hour. a lot a little bit of the place you live find some way you do appreciate the little hardline of muslims in britain to make efforts to pin sin by trying to put london under strict sharia law. and enter the dragon rushers are more regions arms are
open to the neighborhood china in close up here how they're going far beyond. just after three pm on friday here a moscow you with ought see on the recent shine it's been a rocky few hours on the global stock markets with europe's exchanges dipping again echoing some worrying drops in asia and america stockholders fear the worst after the prospect was raised of a sharp slowdown in the u.s. economy as well as the eurozone that weighing on their minds and there's no friday feeling for spain or italy i think seeing a boring costs shoot up again he's done a bushel is following the trade session and breasts. stations because.
more than eight percent on the news that it took over a billion dollar loss related to greek problems and of course many european banks have exposure to greece and the problems there so they are suffering their shares the suffering at the moment as well we saw a fall and then a slight correction and now again the may just thought markets germany france and britain in europe are suffering and the lloyds bank saw from the beeb a greater loss fourth quarter two related irish debts of the successive days of falls all the major bourses are again suffering greece neulander worrying you know it but what investors even more concerned about italy's current crisis talks with the e.u. italy's economy is the number three in the euro zone off to germany and france much bigger than portugal greece and ireland put together and the news the economic figures from there or even worth a look the height of the global economic crisis in two thousand and eight in fact in the whole history of the euro investors are also pulling out of spain in record
numbers and if those two join countries fall we are really in trouble when the world's biggest lenders bank has slashed his exposure to italian that as well as to other struggling countries like greece ireland and portugal and that really shows that investors the markets own confidence in the claims by those countries that they can tackle the problems party trying to push the reporting that well i mean time that market gary who is a hong kong based business consultant he said it's a transatlantic turmoil is forcing investors to head for safe havens in developing markets such as china. we've seen you know china is looking at about nine percent growth this year india eight percent and don't forget indonesia is about six point five percent. that's about forty five percent of the world's population these populations that have been have been growing their economic wealth has been growing
so they're now significant spenders on retail themselves we've seen tremendous growth in the property markets particularly in china we've seen china's car market now become the world's largest car market and i think major companies are looking to growth in asia pacific and they're diverting their attention to these markets i think if you look at just the announcements that were made yesterday like by h.s.b.c. they're cutting back in europe but they're adding they're adding about five thousand people in asia pacific. or asian markets over a joint friday's freefall but bangkok based economist said daniel says that the region's economy will easily withstand america and that europe's turmoil. concern that we have now is that we have to see growth rates in asia come down a bit further from where we had been expecting and if you remember in the global financial crisis previously
a lot of banks in asia got very cautious so they themselves decided to limit their lending and that's likely what we will face again and compared to the global financial crisis you may remember actually asian economies and banks didn't get that hard hit so again the situation today is is not that worrisome compared to the last two crises in asia for china remember in the past they were able to continue to grow their infrastructure program and banks were providing credit for that so china probably is still one of those countries where you'll still see acceptable growth remember they've been trying to manage down their growth to about eight percent and maybe we'll get there now but what you should see is china doing less in the way of tightening measures if the global economy is much weaker. all right well our business desk is are keeping a close eye on developments right there for us so what can you give us the latest on the markets markets here joined the panic across the international trading floor
was that the two major indices are down over two percent at the moment after having plunged over three percent early in the day now we have to bear in mind that russia had a fantastic run in the last week and my six is coming from its highs mainly because oil bashes export fell to a five month low exports also warned that american unemployment figures to be announced today could prompt further losses here and on the global markets all right we'll be seeing you in about fifteen minutes time thanks for that. president of your debt is a warning a serious leader that he must enter dialogue with protesters in order to end with the ongoing violence discussion of the conflict came up during an interview with r.t. and other media on the eve of the third anniversary of the south setting of war he was a some of what you'll hear throughout the day here are not so. unfortunately the situation in syria has taken a dramatic turn we real politicians should follow developments like gadhafi gave
violent orders to destroy the opposition the syrian president gave no such orders unfortunately a lot of people are dying in syria this is our biggest concern and my private conversation with the president of syria and in the private letters i sent him i discussed the same ideas reforms need to be carried out you should establish peace with the opposition establish peace in the country and create a modern state if you fails to do that in a sound future awaits you and at the end of the day we'll have to make a decision we're watching the situation it is changing our guidelines are two. and the syrian opposition dismissed a decree from president assad proposing a multi party government system saying the violence has to end before dialogue begins assad's gesture came after the un security council condemned of the regime's crackdowns on peaceful protesters meanwhile syria's military has reportedly been attacking the opposition stronghold of hama activists say dozens of died there in
the last twenty four hours adding to over one hundred killed since the weekend france says it may seek further action from the security council if the killing continues but arab lawyer. says such threats pretty. effectively it is it is not going you know just station itself it's how it's going to be implemented and the restrictions it's included in there there are quite a lot of restrictions which makes it probably very difficult to implement and i think the pressure international pressure on syria is producing some results what is lacking is the action of the syrian side they have to make the changes that require. blessedly start killing people remove some of the leadership. on the part decide on the government and on the military and i think the threats. the u.s. and france and and britain. trying to syria is very counterproductive russia's
position i think it's a moral one in the sense that if you are a friend you actually give an honest advice to your friend you don't just agree with them and you don't threaten them it is not acceptable what's happening you have to have a dialogue but they are resisting falling into the same trap which we have formed before with the iraq when there will be security council said they will not invade iraq will begin basing there in libya or you're going to have a no fly zone and it turned out to be into a wall and invasion of libya. meantime the islamic leadership tension of a very different kind in britain with hardline muslims trying to enforce sharia law in london from abstention to amputation floor and it's been hearing how they want to instill that tough code on the capital. so we are here to tell you that islam. is unstoppable in europe stoning for adultery cutting off hands for stealing death for renouncing islam this group of men is trying to enforce shari'a law in the u.k.
they started a campaign to make certain areas of london and other cities islamic law controlled zones starting with walthamstow east london muslims will become our good of being evil because of these numbers and try to to the muslim of an almost community also looking to believe that was intended together trade according to the sharia is all the problems. but even police themselves to a large extent healthy one day java summit governments would have apology locally security locally and you provide welfare locally choudhry and his friends are fly posting parts of london with large muslim populations they want to ban drinking gambling and playing music and they say they've got bands of young men ready to patrol and in full shari'a law by any means now that enforcement will not initially be in on the level of infighting and have been verbally but if someone has a capability of unease with the centuries of evil like pornography situation it
should do so. by backing off course i believe that the need a mosque should be run out of the area these muslims say british society is broken rippled with drugs crime and prostitution because of that they firmly believe members of the communities they're targeting will welcome sharia law but the word of the street about the campaign tells a different story comes down so if you don't like the laws of the place you live for and so my way to appreciate the laws and and all of these things are completely legal in this country this is not indira pakistan this is england because our own laws people have no rights can here bring their laws in here we often have trouble but councillor martin isa. griese say this could destroy community cohesion we've. taken down houses assumes that put up because we do not want these posters round up . and they have no place to move and for us this isn't equality campaigners
say the issue real supporters shouldn't be considered a religious movement because of called right political organization with the police to campaign designed to divide and conquer communities the danger lies in dividing people dividing communities creating mistrust and particularly among from non muslims towards moderate muslims i think this is part of their aim is to create mistrust so they can then turn to moderate muslims and say look everyone hates you we are friend turn to us and it's a very very dangerous thing and it's a political tactic to increase their own power undeterred by opposition challenge free and his group plan what they see is the beginning of an islamic emirate not just of the u.k. but all over europe police have mobilized to take these cases down as fast as they appear but choudhry and his group say they formed bands of vigilante enforcers to make sure syria is here to believe all physically and in other parts of london
women have already been harassed for not covering their heads if these muslims ever get their way i won't be able to dress like this on the street still holds them stay or many other parts of london brussels rome and paris. r.t. wealth and story love. more on what some european leaders describe as the failure of multiculturalism can be found online and out so you got some of the other news on our website waiting for you today from a would be suicide bomber to peace campaigner. in woman whose wife changed terrorism for your passion tells her story to us at r.t. dot com. i'm fishing out a submarine untouched for decades. it's the soviet stuff that's been lurking at the bottom of the.
you with r.t. now russia has struck gold well not quite yet the un has allowed access to possibly one of the planet's biggest and gold and copper reserves but it won't come easy they lie in the deep sea deposits of the mythical antic ridge policies are really going to scare has details of this deal. russia has fifteen years to explore the. mid atlantic ridge in order to find out whether indeed this is spector's gold and copper ore are back to contain there and if their research proves to be successful if they do find a war in the mid atlantic ridge that that means i should get the priority development of that field this has never been done before no country's ever applied for the development of the office seabed into it in international waters until last year china has decided that they wanted to ask permission to do research for any
potential valuable materials in the seabed off the indian ocean so this of course for many opportunities for other countries who are interested in developed development of such resources particularly for russia there's the the arctic the arctic sixty russia is very interested in possible development of a will and gas resource there in fact russia has for quite some time has been trying to prove that the long and also a bridge in the arctic sea is in fact a continuation of russia's continental shelf and if they do prove that that in fact is the case of other countries agree with russia that that means russia will get to develop the possible incredibly rich oil and gas resources in that field of course russia has to compete with other countries who are also going for the for the peace of the arctic lie in those countries of course are canada the united states denmark norway and interestingly enough china. are going to be right there with all it's
you know that's some of the stories from around the globe for you this hour another of about who live you know. sons has reportedly been killed in a nato strike historic conversation off he was in one of the colonel's compounds when the raid begun by nato won't confirm or deny whether the twenty eight year old was among the thirty two died in may one of confused other sons was killed along with three grandchild. nato bombs hit the house. and our teachers have joined the anti-government protest movement currently sweeping across israel hundreds of education workers rallied through the streets of jerusalem demanding better working conditions and use comes after three week old demonstrations overwhelmed cities nationwide with tens of thousands of protesters reportedly involved the movement initially targeted over priced housing but as widened to encompass anger over a number of other living issues. thailand has its first ever female head of
government and you should know what has been elected as prime minister after her party secured a parliament majority she's the sister all former prime minister thaksin shinawatra who was overthrown in a military coup in two thousand and six he was charged with corruption and fled the country but some speculate he might line up for a big comeback with his now sister in charge. writes i will next that you stay with us we're off to one of russia's remote is corners and where integration with china knows no boundaries. and it's a very we're in the far eastern region it's a remote but rich region holding russia's largest gold reserves it's also quite an industrial powerhouse with heavy manufacturing flourishing and more is also russia's eastern economic outposts being perfectly situated to make the most of its proximity to china. alice who went along to see how state borders turned into bones
of french. i very well welcome to this edition of russia place out this week coming to you from the a nude beach and six ways just in the very full of this reaches of buses for weeks with thousands of kilometers away from you in moscow but to me of like that it's like popes from china and all surprisingly the influence of china and its culture is everywhere here. high heels and a high hat it's not a look many women can pull off but they're living on a risk there is she prefers to be called in russia is no ordinary woman having first arrived in a more has an interpreter in the ngo ninety she and her family work their way up from running a small cafe joining this large construction company. and spread across the region's capital blagoveshchensk no fewer than four large chinese restaurants full most nights and serving up
a taste of the orient to russian selling is it's an increase support for you and one that the mother of two says she couldn't have built in china. is good and said i saw an opportunity to create something here russia needs skilled laborers and with china being so close and easy our existing chinese goods and equipment and already want to force america the receiver is just one of a growing band a successful chinese entrepreneurs operating and russia's far east where a river is one with it separates the two countries easy proximity coupled with favorable visa regulations continues to inspire thousands of chinese workers people like sunshine to flock across the border every year his is a tried and tested business model selling cheap secondhand chinese clays. or. so whether it's a pair of a trendy train is that the rot or perhaps the most design of fungal says this is where the people of like
a vision of heads to pick up all get more inside the chinese market which then the sense of town and of course. everything inside here beth the label made in china and all the sellers also come from china and let me tell you it's absolutely packed inside here and the county is like this every single day things clearly business is booming. you. know i've been here for three years and china has the ones not jobs things are going well here you can get things really cheap here which is great you get quite a large family the quality varies hugely but on balance i think we're lucky to have chinese traders here russian goods just can't compete on pricing. and by hopping on one of the many times ferries that cross the moon river every day russian consumers can enjoy an even more authentic chinese shopping experience audi is the site slavic flavor thank you for parking and in the process helps you feel the chinese economy it's less sons of fear that russia is far east is being exploited by its
entrepreneurial neighbor the same used to chatsworth us pessimists revel in self-pity or the sight of china forging ahead while not diminished think of ways to develop blagoveshchensk of the same pace using chinese expertise as capital and labor i believe our region is hugely fortunate to go to china if we compare our city to others in russia we're much better off in almost every respect as i was told of extensive plans for more joint ventures and great integration between the two countries as far as government is concerned its relationship westray. but i'm very pleased to say that joining me now is got this is called the works of the peace and student here individuals and also speaks chinese men that's being with us here on the closeout why did you just like to add chinese and how do you see your everyday life here actually learning chinese it is a usual thing here in blagoveshchensk as we look at it it's very close to china so
more and more not only our people but also grown ups older general. ation strive to learn chinese of course it's very useful as we have lots of competent is to go travelling shopping i don't know doing business with china i have some chinese friends so doesn't communicate in chinese. or to china is a bit of a tough question to begin with in china has its own peculiarities and chinese mentalities. differs a lot from european taliban think so you have to get really custom to quietude to the ways and means to get to it there many times come to pass in a scene topic i'm afraid that's what we've got time for to over there speaking to us about the heavy something to do with feeling the need to we are out of time but you join us in the next edition for much more for me and all the rest of the place up to. our house are not in the business courtesy.
hello and welcome to our business portentous our thanks for joining me global financial markets are witnessing the worst selloff since the middle of october two thousand age who was boosted by news from europe the region sovereign debt problem is in coughing two of its largest economies spain and italy and poor u.s. economic data that showed slowly growth after a no ready sluggish pace in the first half to help make parsons from national stray bank says it's a time when cash is king. the silly not going into gold that's not been the experience of the last twenty four hours we what we've seen is a lot of a lot of very very large losses have been racked up many markets were down five percent overnight now when you've got losses of the scale you've got so you've got to finance them what we've seen here is investors are still selling the good bits of their fought for you in order to finance the losses in the bad when they're
faced with margin calls and so on so i think that the the whole investment universe is shrinking here and the the safest place to go is cash if you do nothing it will make you nothing but actually the guy who lost nothing yesterday we came out top of the pile nothing is not a bad thing to have right now. now our global indices they're retreating from e t x capital group says russian markets are likely to be pressed to see an upswing. russia has had a fantastic run look at the most it's not a great run of the last few weeks or so you slowly start to come off but it's coming more from the holidays and with the increased amount of exposure to us that we do with a high amount of exposure to the oil and gas more years of fuel there is near downside fuel for russian it would cease to be hard but when the recovery comes it will come at some point in the russian market does seem very well positioned to benefit quite significantly from its. now let's have a look at the market that we start with gold and we see it edging up adding
eighteen dollars per ounce while sewers adding fifty nine cents that's up to concerns over the u.s. and eurozone economies have sent investors running for a safe haven precious metals are providing right now all prices are making a comeback like sweet is likely down trading at eighty four dollars per barrel while brant is gaining think is sixty cents the stock now asian markets nosedive on friday tracking the losses on wall street japan's nikkei finished three point seven percent in the red its lowest since the post earthquake plunge in march energy companies and financial firms were among the worst performers with firm impacts shedding over seven percent minus i've also been hard hit hong kong's hang seng and it's over four percent in the red with exporters among the main losers now let's cross over to europe or not it's there are on the downside as well extending a global sell off all sectors are trading deep in the red with banks in the west before was the world bank of scotland group is now losing eight percent had
a plunged as much as twenty one percent rally in the day that's up to the banks swung to a second quarter loss and markets in russia joined the panic across international trading floors the r.t.s. is down we have to send them isaacs is to have sent all over now let's have a look at some individual workers on the y. six energy majors among the worst performers on the ore price is gazprom is losing nearly four percent rossley had fell to its low. since december after oil plunged in new york that's all speculation that fuel demand will force or financial stocks are also under pressure and telecommunication company ross telecom one of the worst miners six percent correct the stock. markets are in turmoil and the u.s. has managed to save off a potentially crippling default but many countries are considering reducing their large dollar reserves into other less risky currencies however saying you die over at burbank argues there are. details in switzerland i have
a lot of reserves in the years dollar but this basically means there's not much difference between. the strength of the american dollar and because since right is backed by those grades and we are all kind of in the same breweries and there is not that many alternatives. to in the long run we will see some. grow and actually euro is the group substitute for the dollar it will see repeating that it's rather than that of separate countries that's all for now join us in forty five minutes for more financial news here. so.
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