backwardness but i assure you when you're not just a good amount let me draw your attention to the point that germany is number one in the list of russia's parliament switching we have. created a new technology so we get released over one hundred years and we have perfect economic relations three years ago siemens was convicted of paying royalties to we lucrative contracts in russia today's make a deal was signed on the back of the close to personal friendship between the leaders of the two states business leaders say a shift to more legitimate ways of earning influence it's very hard for anybody to engage in bribery nowadays this might take more time and more resources on the other side in order to have success but i would assume that talking about foreign investors bribery let's say more and more out if it is being done at this time at all it's a radical difference from just a few years ago when russia's leadership a bit it was impossible to do business without backhanders summits like the one

here in the urals are helping russia to shed its soviet image that applies not just to the products but to the way it goes about producing them to the new bushel business thought see you catherine. and on friday we'll be speaking to the head of siemens russia about how the country's business climate is changing join us for that. period russia lockett's finished in the red as they tracked the european and u.s. equity downwards that was after the latest two as data on jobless claims manufacturing and inflation provided a mixed picture of economic recovery in moscow some of the biggest losers were energy companies with last night following two percent all the hours he has ruled hydra down over two percent on allies it. the winning streak for the equally markets which is lasted more than a week was broken on thursday david buick from b.b.c. partners in london explained and investors couldn't continue to hide our economic

reality. equity markets have been heading off in their own merry little way tending and trying to ignore the quality of the economic data which actually hasn't been very good really from the last friday well the first friday of this month when the employment data was again disappointing yesterday we only had a very modest rise in retail sales point five percent which again we expected much stronger figures and if the economy was really about to select another and today of course manufacturing output and industrial production figures the state was desperately disappointing and is a pointing towards some kind of a return to recession or if you prefer a double dip notwithstanding all that as you so rightly said it's now seems to be a war of attrition or a battle between the second quarter earnings which presents a turning out to be substantially better than people thought six weeks ago today of course we are looking at j.p. morgan chase who showed disappointing results from their investment banking but

people were thrilled that their write downs or impairment charges were less than four billion dollars and that they posted revenues of twenty five point one billion dollars on a profit of around four point eight billion dollars which was. more than acceptable shares a fairly flat and i think we're going to be more interested in what happens tomorrow with bank of america merrill and also to a lesser degree with citi group we had of course yesterday. wonderful figures. from intel which is set the time for people to say well i'm prepared to hang in with the equity markets but i think because they were oversold some six weeks ago there is perhaps a little bit of mileage in them unless of course the quality of the economic data continues to be very disappointing. make a silver of class a science biggest foreign contract worth almost one billion dollars the company expects a kind of fair on the sale of jets at a price thirty one point seven million dollars. to

a company from southeast asia next week at farnborough airshow in the u.k. earliest c.e.o. said the company would supply the first three super jets this year. that's all for me and the business team here but you do log on to our website com slash business and you can always find more stories that.

ninety-nine the. train carries away the russian empires gold reserve.

to save it from the so b. arms. five hundred tons of gold. dozens of colored. six hundred fifty millions in czars room in. the frame that is still a way to. a. century long. mystery.