ban ki-moon is there. an updated resolution on syria will be presented to leaders, but it will not call for president bashar al assad to step down. those are the top stories from cnn. i'm monita rajpal. "world business today" starts right now. good morning, from cnn london, i'm nina dos santos. this is "world business today" and these are the top stories this thursday. leaders of the brics nation stand united. nigeria's finance minister hopes to prove the emerging economies are ready to take the lead. she tells cnn why she's the ideal candidate to run the world bank. also on the show, a general strike grips spain a day before the government announces a new round of austerity measures. so these are some of the world's fastest-growing major economies these days, brazil, russia, india, china and now south africa, often grouped together under the brics. their aim is to try and strengthen this particular group as a whole trading bloc to try and increase their influence on the world stage. the move makes the brics matter. these are countries that together make up 40% of the total world economy, that's equivalent to gdp worth about $80.5 trillion. almost half of all of the people in the world live in some of the brics countries. business among these brics these days is, it seems, thriving. trade among them as a trading group last year is growing about 28%. currently it stands at about $230 billion. growth is rising and is at an economical clout. mondica joins us this morning. perhaps we can another expect one in places like south africa. we have another letter add ed. >> the ministers have just finished their session. we heard from all the heads of state in the last hour. the ministers have just signed two banking agreements and these are basically agreements to extend credit to each other, to the member nations of the brics bloc in their own local currencies. this is to facilitate trade between all the five countries and trade between this block has been growing rapidly at about 28% over the last ten years. we've already heard from the heads of state that they have agreed to look very seriously into developing a south bank, a focused exclusively on the brics nation. and one of the prime ministers said they've asked their financial ministers to go away and examine the feasibility of this bank and come back with a proposal about it when they meet again in one year. politically, iran, syria, these are topics that have come up in the last two years in delhi. everyone here was waiting to see what the ministers would say about the situation in western asia. let's take a look at what indian prime minister manmohan singh said. >> we agree to work together on a peaceful resolution of the crisis. we must divide political disruptions that create volatilities in global energy market and affect trade flows. >> reporter: you know, it's interesting. iran is a topic that came up yesterday as well when the trade ministers met. and basically they agreed that it's okay to disagree when it comes to iran and you have india and china saying they will continue to import oil from iran just because it's a practical thing to do. they need more oil where as south africa has cut down its dependence from iran. the prime minister said they had time to discuss energy shortages, how to tackle that and also food security. nina? >> that's what i wanted to come to, mallika. some of them are big exporters of energy but food really does decide things there, doesn't it? >> reporter: absolutely. you know, food security is a key issue for all the brics nations. between yesterday and today they have talked about that, saying it's a priority for these member countries. they said they should come together as a block to shun the protectionist tendencies of some western countries. their protectionist natures when it comes to agriculture help to distort the food distribution around the world. red tomatoes are so delicious, say these children, as they learn about eating healthy and play with plastic fruits and vegetables. the focus of this government-run child welfare hub in delhi is nutrition, children, 2 to 6 get two meals during school hours. the goal is to get the children to their optimum weight. >> what is his weight. >> 11. >> he's 3 1/2 years old. >> yes. >> what should his weight be if he was healthy, what -- >> he should be 15? >> yes. >> but he's 11? >> yes. >> this doctor tells his mother don't buy him food from outside. use that money to cook food at home. despite its economic growth, india struggles with persist enthely high rates of malnutrition, far worse than many poorer countries. according to a recent government survey, 42% of children in india under the age of 5 are underweight because they don't get enough food. nearly double that of sub-saharan africa. >> not enough food is just part of the problem. lack of awareness, dirty water, poor sanitation, unhygienic conditions, all of these contribute to india's serious malnutrition problem. getting food is a problem says toto's mother. what does a poor person to do? we eat what we can get. buying food is a daily problem for millions of indians below the poverty line. food security expert says that's a good idea but it's not enough. >> we have to have government acknowledging that india is a very poor country, despite this, we still have some of the world statistics globally on malnutrition, health care and malnutrition. we have to acknowledge that a large section of the population has been left out of the story. >> reporter: prime minister manmohan singh call india's malnutrition problem a national shale. he says tackling it is a major priority and the annual budget announced earlier this month includes a 58% boost in spending to reduce malnutrition so india's hungry children have a shot at a healthy future. and india hopes to implement that national food security bill by the end of this year. nina? >> mallika kapur, thanks for that. within the brics, the rate of growth does vary by quite a bit. let's show you the details here. when you look at gdp estimates for last year, china came out, as you can see there, as the clear winner, clocking up about 9 the 2%. india isn't too far behind, though. those two countries have been trying to grab the top growth rate. the rate for india drops off a little bit when we focus in on russia. it comes in with a gdp of 4.3% increase year-on-year. south africa and brazil, on the right of the chart, they're at the bottom of the brics. lagging behind them is the world's largest economy, the united states, squeezed out 1.5% growth last year. it goes to show you why the brics are economically important with these stellar growth rates. between them, it does vary enormously. let's hone back in on the european markets. the western markets that are bigger arguably but haven't been putting on the stellar performance from some of the bric economies have of late. we have basically a third straight day of declines into a row for the european markets that means it extends already a week of declines like the xetra dax and the cac currant in paris put on a declean last week of 3%. if we carry on this momentum, they'll put on more in terms of this week's performance. what we have going on at the moment, this kind of performance tracking the losses on wall street overnight and on asia. a lot of this is on the back of concerns of momentum of global growth following ben bernanke cautious comments that this could be a blip for a moment. he wants to see more economic reports to underpin the recovery. we have the price of oil on the way after talk of a strategic release of oil reserves. saudi arabia saying it could make up some of the shortfall there. and that is one of the reasons these markets are down. the cac currant is not doing too badly despite the fact that totale, a very heavy stock on that particular market is suffering for another day amid that gas leak which continues in the north sea. let's check in on the asia markets season. let's go to ramy inocencio standing by to tell us all in hong kong. >> markets here in asia, they ended in the red after lackluster news from the united states as well as those continue rising oil prices in japan. retail sales rose more than forecast for february but that does not help the nikkei as you can see here. it closed down about 0.66% after a broad slide in exporters. sharp did buck the trend. taiwan's hon hai says it will buy up shares close to $800 million. icbc, bank of china down almost 2% today. and china's top oil producer posted record profits for last year, a 29% rise year-on-year. despite that, its shares fell nearly 4%. they expect costs to grow and output will stay flat. shanghai fell about 1.5% and in australia, well, the asx 200 fell 0.1%. resource stocks like rio tinto and bhb billiton fell. this is hong kong's largest property developer by market value, it's responsible for major developments including the international commerce center, the icc, the international finance center, the ifc, which you can see right there. a statement from the company says the suspension comes ahead of an announcement which may be, quote, price sensitive. we'll keep you up to date with any updates 0en that story. nina? >> ramy, thanks so much. we look forward to any updates you get on that. still to come on "world business today," though -- >> right now there's so much uncertainty and volatility in the global environment you don't want to spend six months, one year, learning how the institution functions before you can lead. i can lead from the word go. >> the nigerian finance minister tells us why she should take the reins of the world bank. that interview after this break. ♪ why tell the trees what ain't so? ♪ [ all ] shh! ♪ whispering grass ♪ the trees don't have to know ♪ no, no [ all ] shh! ♪ why tell them all your secrets ♪ ♪ who kissed there long ago? 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[ male announcer ] solutionism. the new optimism. the top job at the world bank has been held by an american ever since the institution was founded. now two candidates from the world's emerging markets say that it's time to break that pattern. nigeria's finance minister says she's the most suitable candidate. she is face something stiff competition from two other candidates who are men. president obama has nominated the u.s. citizen jim yong-kim and the warmer finance minister of colombia, jose antonio campo. jos okonjo-iweala spoke to our own richard quest. >> developing countries are excited. this is about having a voice in global governance. all countries, it would be good to listen. i'm not daunted by the fact that the u.s. has a nominee. because the shareholders of the world bank promised a free merit-based and open and competitive process. we welcome competition. we welcome the u.s. to be part of that competition. >> all right, minister, if you do bet to become president, what fundamental change would you like to make at the world bank? >> i would very much like to move the bank to be a faster and nimbler institution that really responds to developing country problems in days, not weeks, not months, certainly not months, but in days and weeks. because things are happening fast in real time. the bank has proven it can't do that. it has a superb staff. when there was a global food crisis in 2008 it was able to respond to get money to countries within days. we would like to move the bank into that kind of an institution. and the primary problem that i feel the world bank group should be focusing on is job creation. we have a problem in developing countries of job creation, particularly for youth. and the key question is, look, i've never met a poor person who didn't want the dignity of a job. if they have a job, they can take care of their health problems, their education problems and the world bank group is well placed to use all its instruments to help get the private sector to create more jobs, to solve infrastructure problems, health problems, education problems. >> okay. but doesn't that show the difference then between yourself with an economics policy and economics background and a growth strategy and perhaps your principle contender mr. kim of the united states, who is more on the development side? is this not going to be a contest if you like, between development versus growth when it comes down to it all? >> i do not believe that you can have development in any of the emerging markets or developing countries without growth. i think the key question is not just the kwanty of growth but the quality of growth. is it inclusive growth, growth that creates jobs, growth that takes care of the piest at the bottom end of society? that's the key question, how we do it. >> do you feel that the u.s. gets the world bank and the imf as it already has, gets the imf and the developing world gets left outside? >> you know, the developing countries, they want to be part of this global governance. they want to be part of the game. they don't want to be bystanders anymore. which what happened 60 years ago continues to happen. they deserve a voice. because the world is changing. the developing countries are contributing more and more to global growth. it's know a multipolar world to borrow the words of bob zoellick. >> the next meeting will be on the cards for mid-april, hence the candidacies and people throwing their hats into the rings these days. total says it has work to do in the north sea five days after a gas leak. before we head into the commercial break, the euro, there's little change, as the region's finance ministers prepare to meet friday with an eco fin summit. [ male announcer ] let's level the playing field. take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. the sleep number bed. the magic of this bed is that you're sleeping on something that conforms to your individual shape. wow! that feels really good. it's hugging my body. in less than a minute i can get more support. if you change your mind once you get home you can adjust it. so whatever you feel like, the sleep number bed's going to provide it for you. at our semi-annual sleep sale, save $400 to $700 on our most popular bed sets. sale ends march 31st. only at the sleep number store, where queen mattresses start at just $699. hello and welcome back. you're watching "world business today" today live on cnn. let's update you on a story we're covering pretty closely here on cnn. a gas leak from a north sea oil platform owned by total. this company says it's now looking into ways to try and put out a flair burning above the rig to warn people about ince presence. ivan cabrera is standing by to tell us about the climactic conditions in the area. hi there, ivan. the winds could be a problem here, i understand? >> winds are very, very important right now. good to see you there, nina. i just can't believe we're talking about relief wells again here after, of course, the disaster in the gulf of mexico here. but we're not talking about an i' oil spill. this is a gas leak. we have two things going on. we have the gas leak that they may try to cap here. that could take upwards of six months. the other situation, the more pressing situation, the flare that is still burning. that flare is burning, essentially the excess gases, this is a formal process when you shut off the rig, the gases, you don't want them to build up. . you have to burn them with the flare. the gas cloud needs to stay away from the flare, obviously, gas, flare, not a good combination. that could be a catastrophic explosion there. we certainly don't want that the to happen. we experienced that in 1988 with the piper alpha in the precise area east of aberdeen here. the winds are going to be key because we want the cloud, the gas cloud coming from that leak to move away from that flare. we need a north wind for that to happen and that's what we have ongoing here. long-range models, the medium-range models taking you through the week into next week, still looking at a predominantly northerly wind. that's an tune for them to extinguish the flare or the flare to go out by itself. the winds will be the key, the temperatures not all that important here. 35, 55, 60, 70 kilometer per hour winds and prevailing from the north and the west. so far, we are looking okay but of course we have that exclusion zone as a result of the danger that is ongoing there from the gas leak. and the potential explosive nature of that flare and the gas coming together. nina? >> okay, ivan cabrera, joining us with more on the total gas leak which so far has wiped about $9 billion off of the value of that company. you're with "world business today." coming up after this short break, workers in spain take to the street to protest against the latest round of austerity cuts there. we'll also be asking the film director of "the titanic" james cameron about how he prepared for a dive to the deepest part of the ocean. from cnn london, i'm nina dos santos and a warm welcome back to "world business today." let's see what's going on on the european stock markets. we've been trading for about 90 minutes on this thursday session. take a look at that, a choppy picture with most of these indices now entering their third day of declines. the cac currant was hovering above the flat line the last time we looked. now it's just below that. there are mounting concerns about slowing global growth. we had difficult to digest u.s. durable goods numbers that depressed the markets. speaking of asia, let's have a look at those markets over there that have now closed but closed in the red as well amid concerns about, again, yes, you've guessed it, the recovery in japan. we saw retail sales rising for the month of february but the nikkei managed to fall for a second day in a row. when it comes to the hong kong hang seng index it was the worst performer after icbc and bank of china closed down more than 1% each. the hang seng put on a decline of 1.3%, the nikkei was down by about 0.66% and the shanghai composite down 1.4%, the asx in sydney still ending the day in negative territory. about five hours away from the opening bell on wall street now. when trading rules, investors will be hoping to try and recoup some of the losses on wednesday that i was telling you about. here's alison kosik with the details from the new york stock exchange. stocks in the u.s. followed on the heels of global markets ending the session sharply lower. investors sold their positions on worries about spain's economic health along with a weaker than expected reading on u.s. manufacturing. at the close, the dow slid 71 points to 13,126. the nasdaq and the s&p 500 each lost 0. 3 3rers. durable goods orders rose 2.2% last month. that's not a bad number but fell short of forecasts. the report shows that the manufacturing sector may not be expanding as rapidly as wall street had thought. caterpillar and united technologies, two industrial companies, were the biggest losers on the dow. materials and energy shares also fell after a drop in oil prices. crude slid almost $2 on the day to $105.41 per barrel, following a government report showing oil stockpiles rose more than expected last week. one notable gainer to the upside, annie's soared 89% to $36 apiece on their first day of public trading. they were priced at just $19 going into the session. coming up thursday, figures on jobless claims along with a final look at fourth quarter gdp. wall street expects the u.s. economy to have grown at a 3% rate in the final three months of the year. research in motion and best buy are set to report earnings. that's a wrap of the day on wall street. i'm alison kosik at the new york stock exchange. let's take a look at u.s. markets are likely to open when they get trading in 4 1/2 to 5 hours from now. we have modest gains for the futures markets. not a stellar performance by any means. the dow is up by 0.2% in premarket trading. the other two markets up by a smidgen less than that. the united states financial services firm, mf global billion the country's eighth biggest bankruptcy ever after investors panicked over the amount of risky european debt that this company had on its books. here are some of the details that came out of the testimony in washington on wednesday. $1.6 billion in client money has been unaccounted for since mf global went bankruptcy. the hearing focused on $175 million worth of transfers and whether customer funds were improperly used. one person believed to know the details is edith o'brien, the assistant treasurer at mf global. she wasn't very forthcoming in her testimony. take a listen. >> on the advice of council, i respectfully decline to answer based on my constitutional right. >> o'brien actually repeated that phrase each time that she was asked a question. "the wall street journal" has reported that she's now in talks with the department of justice about possible immunity in exchange for her cooperation. spain could be brought to a standstill today as unions stage a general strike and protests continue against tough austerity measures that are likely to be tabled during the budget tomorrow. this action is aimed at disrupting public transport, airport and also the major industry across the country as well. on friday what we saw was spain's new budget, that is expected to reveal more deep cuts to meet european union targets. for reducing the deficit, we already know they won't reduce it as much as brussels would like. the unions say the latest reforms make it easier to fire people and the jobless rate is already standing at 23% there. today's strike is the first big labor action we've seen in spain for the last 18 months. it's seen as a test for the new prime minister of this country who took office only back in december. let's go over to al goodman who's standing by at a bus stop in the spanish capital as i understand. tell us all, al. >> reporter: hi, nina. we're on the main boulevard in the capital. this is a major bus exchange where normal dozens of buses would be coming in and out. what we've seen is the people who normally would wait a few minutes for a bus, they're waiting 30 minutes, an hour, two hours is what they're telling us. across the nation there have been 58 arrests. we've seen a heavy police presence near madrid's main train station. those are in different instances. nine people injured. electrical consumption, a key indicator of what kind of economic activity is going on, down to just a fourth of normal according to some reports. the unions say there is widespread following for the strike with business owners association says it's having more affect in the north and in the big cities. what we're seeing is clearly a lot of traffic. people coming in because they couldn't get on to public transport. there is certainly activity and there will be a debate throughout the day between the government and the business owners and the unions on who is actually winning in this strike. nina? >> al, we've got various austerity measures that are likely to be tabled in the budget tomorrow. and we already know that it's likely that spain won't manage to meet those deficit targets that brussels has imposed. the international investor community is getting increasingly worried about spain. people on the ground in madrid, are they noticing that? >> reporter: everyone that you talk to in spain is noticing it because everyone basically is already affected by a $20 billion package that the new conservative government has already put in that included some cuts and some tax increases and what we are expecting on friday is for them to reveal at least another $20 billion package which may be further cuts. that's what has everybody worried here. now, the unions have called the strike because of another thing the government already did which was a labor reform. they say that makes it easier and cheaper to fire workers. they say that was a red line and that's the main reason that they are out this day. incidentally, they have also stopped a lot of traffic going through industry and through the main wholesale food markets in madrid, barcelona and in other cities. into enthat? >> okay, al goodman there standing by to tell us all from madrid. many thanks. in the united king dom, the british prime minister is urging people to prepare for a possible strike by fuel tanker drivers. workers at five oil companies voted for industrial action over terms and conditions and also safety standards at their companies. david cameron says striking just isn't the answer. >> but the sort of things they're discussing, whether it's health and safety or whatever is no justification for a strike which could cause a large amount of damage. the government's responsibility is very calmly, very rationally, very reasonably to approach this subject and do everything it can to encourage the two parties to talk to each other. but yes, of course, to prepare for the eventuality that there may be a strike. >> mr. cameron urged people not to panic by the pumps as the unions are required, he says, to give seven days notice to hold a strike. having said that, though, some of the comments that the government made earlier about perhaps stocking up on fuel for people before the easter holiday driving season had attracted a lot of criticism for them in the uk, though. speaking of those oil prices let's take a look at them. because they have been adding significantly to the volatility. take a look at this, nymex crude, as you can see, trading just slightly over $105 a barrel up to the tune of 7 cents at the moment. it didn't take long for oil to climb back up after a sharp fall on wednesday. that's when countries discussed a coordinated release of oil reserves. saudi arabia has already weighed on prices. and in an opinion piece published in "the financial times" the oil minister of saudi arabia has said his country will do all it can to bring the prices down and make up for the shortfall to make up for the sanctions imposed against iran and lack of oil as a result flowing out of that country. let's take a check on the price of goal. this commodity is losing its shine yes again in today's session. yesterday it was down by $7 to $8. you can see now it's down more than $2 on the troyance at a price of 1662.55. we have a jewelry strike in india affecting imports and demand. they are the largest consuming country when it comes to gold as a jewelry prospective investment rather than just a financial investment. that obviously is moving the market significantly there. just ahead on "world business today," the changing landscape in myanmar. could the weekend's parliamentary elections mean a political comeback for pro-democracy leader aung san suu kyi? myanmar is set to hold parliamentary elections this sunday within its first free elections in nearly 30 years. it will also be the first time that the pro-democracy activist aung san suu kyi takes part since being released from house arrest. the myanmar government has recently opened up dialogue with opposition groups there. these elections will be a major test to see whether the country's leaders remain committed to democratic reforms. and you may not have heard of myanmar's currency, the chat. a state-run newspaper says the government will be freely floating this currency come this very sunday. it's the southeastationen nation's latest move towards reform. let's go back to ramy inocencio for more on what this means for the investment community. >> the reform of the kyat, myanmar's currency is considered a big step to opening up the country to foreign investment. this man right here, presideis president. right now, 800 kyat to the dollar is not officially the government rate. this straight line is the epitome of government control. the official rate is $1 to 6.41 kyats. it's held at this rate as you can see for the past ten years. interestingly, the government drafts its own budget using the unofficial and weaker rate of 800 kyat to the dollar. for foreign investors, this means exporters who are forced to use the official rate, it would make it much cheaper to do business. it is 120 times stronger than the unofficial one. foreign exporters get to use the weaker rate, that could boost profits tremendousty. myanmar's textile industry could gain from a weaker currency, but if more foreign companies dive in, that could drive the value of the kyat stronger, which could backfire, making prices too expensive and myanmar's textiles less competitive. visitors used to be forced to go to the back alleys to change money. the value of the kyat should be the same from the back alleys to the world market. nina? >> fascinating stuff. ramy inocencio, many thanks to that. "titanic" is returning to the big screen and in 3-d. james cameron, director will be talking to us about how diving to "the titanic" inspired him to go even deeper than that. ♪ i can do anything ♪ i can do anything today ♪ i can do anything ♪ i can do anything today ♪ i can go anywhere ♪ i can go anywhere today ♪ i can go anywhere ♪ i can go anywhere today ♪ i can be anyone ♪ i can be anyone today ♪ i can be anyone ♪ i can be anyone today [ male announcer ] dow solutions help millions of people by helping to make gluten free bread that doesn't taste gluten free. and that makes this bread the first bread we can all enjoy. together, the elements of science and the human element can solve anything. solutionism. the new optimism. [ male announcer ] brake problems? stop in to meineke today for a free brake inspection and you'll say... my money. my choice. my meineke. facebook is making the shift to becoming a publicly traded company. the social networking site is stopping its shares from being traded in a secondary markets. that's expected to happen by this friday. what it does, it gives facebook a little bit of time to finalize its shareholders list. facebook's initial public offering is expected to launch in may. welcome back. you're watching "world business today" on cnn, live from london. on wednesday, news corp. was accused of using piracy and computer hackers to sabotage its paid tv rightals in australia. it's denied those allegations. today, the boss of news corp., rupert murdoch has lashed out at his critics on twitter. he wrote this, seems every competitor and enemy piling on with lies and libels. so bad, easy to hit back hard, which preparing. salacious stuff coming from rupert murdoch of news corporation on twitter. now, it's one of the most successful films of all time and as of now, fans can also get another taste of the 1997 blockbuster "titanic" with the release of the 3-d version in cinemas. here's a reminder of who was so groundbreaking about this particular movie. "titanic" is the second biggest grossing film of all time. it made more than $1.8 billion from ticket sales worldwide. that's a record that stood in place for more than a decade. the movie spent 15 weeks at the top of the u.s. box office and it also earned 11 academy awards. only one other film has made more money than "titanic." that is director james cameron's other blockbuster movie which was "avatar." the intrepid film director has had a few busy weeks of late. he recently became the third person in history to dive to challenger deep, the deepest point of the world's ocean. neil curry caught up with him. >> it was similar because i was going into an unknown situation that i could imagine clearly before the fact but i had to go through it to feel the impact psychologically, emotionally, that sort of thing. seeing "titanic" for the first time coming out of the darkness into the light, that was an incredible moment, something i had worked toward for about a year and a half at that point. and it was really coming true. there's that sort of pinch me factor. and i remember, when was it, like a day and a half ago, watching the altimeter counting down and knowing that in a moment i was going to see the bottom of the og at almost 36,000 feet down. and thinking about the culmination of all the work that it took to get to that point. you've actually hit on something. it was a similar feeling. you know? it's the difference between what you think something is going to be and what it really is. of course you always romanticize it before the fact. you know? and usually when you're actually doing it, you're so focused on the task that all of that deeper stuff isn't happening. i actually forced myself -- i learned something from diving "titanic" which is you can be too much of an astronaut, too much going through your procedures. when i went to "titanic" i went there as a director to shoot shots. even though it was 12,000 feet under water, i was there to make shots. it wasn't until the third dive that i stopped and had an emotional connection to where i was and what this place was and what had happened here and the lives of the people that had been lost all and that. i thought i don't want to make that mistake again. there was a moment where i forced myself to stop, set the checklist aside and just appreciate where i was, how remote from humanity i was in this alien world, the coldest, deepest, most remote place you can go to on this planet and still be on planet earth. >> it seems his adventures are rubbing off on others. jeff bezos revealed this. nasa launched apollo to the moon. it used five 5-1 engines. those engines were released and fell into the sea. bezos and his team say they have located those engines using sonar technology and want to bring them to the surface to salvage them. each one of these engines weighs no less than 9 tons. if you'd like to know more about the zany exploits of the rich and famous, read cnn.com/biz360, our blog there. let's have a quick look at how the markets stand. as you can see behind me. there we have it, still in the red. one of the reasons for this is concerns about slowing economic growth. we have stocks like total coming under pressure for a third day in a row. the french oil company has been coming under pressure because of a gas leak on one of its north sea oil rigs. that's already wiped about $9 billion off of the value of that company. the cac currant was managing to trade in the green but all of these markets have quickly soured. if you want to comment on this or any other stories on our show go to facebook.com/cnnwbt. thank you so much for joining us. i'm nina dos santos at cnn london. the headlines after this break.