spill off its island is the worst maritime disaster. oil is gushing from the container tank rena which ran aground on wednesday. the man who some call the merchant of death is facing trial in new york this week. suspected russian arms dealer ric viktor bout has been accused of transporting arms around the world. bout has pled not guilty. the iranian government sentenced an actress to a year behind bars and 90 lash force her role in this film my tehran for sale. the film criticizes the islamic republic for limiting artistic expression. those are the headlines from cnn, the world s news leader. world business today starts right now. good morning from cnn london, i m charts hodson. good afternoon, from cnn hong kong, i m andrew stevens. you are watching world business today. the top stories this tuesday, october 11th. beijing steps in to buy chinese banking stocks. just how much trouble are the banks facing? we are joined live from the nation s capital. rising floo