Andrew Steevs News Today

Government do this. >> elinda, thank you. andrew. the effects of libyas unrest is spreading far beyond its borders as global markets get swept up in the fray, well be looking at how the uprising may be raising concerns for libyas main importers. thats just ahead.

On our way to recovery. its estimated the insurance for the cost will cost $12 billion. all of this comes as new zealand and australian insurers are reeling from two quakes and having faced huge claims from deadly floods and storms. new zealands index closed a at .40% on tuesday. now the world has been watching images of the destruction in christchurch on television and on the internet, but its quite a different picture when youre on the ground there. were joined on the line from christchurch....

Some of them dont know where their loved oned are. theyre among the 300 missing. we do have some bad news. police believe that the people in the ctv building, more than a hundred people are dead. that is what we are hearing from police, and they say that there have been no signs of life. ctv building is in the main street of christchurch within the central business district where youve seen all that destruction. its about six stories high. theres been an endless effort to get in there. they beli...

Truck ladder. she was placed in a net brace. her husband was there. he was in tears. he wasnt able to speak to her but she was in good spirits. she hid under a chair which is just amazing to think that she managed to survive it. but rescue workers are just hoping, praying that there will be more stories like that. andrew. >> okay, anna. thank you very much for that. anna coren joining us on the line from christchurch. now, deep into the second night since the quake first stuck. emily, another ...

Game-changer, his philosophy is giving back. >> its all about eating healthy today. and i think anyone who supplies or sells food has to take a responsibility for delivering quality product. >> richard likes the product so much he wants to promote it among advocates of healthy eating. >> this ones good. >> including first lady. >> number one, i think we should send a package of these to michelle obama with a note, which would show off the healthy eating. >> i like the packaging. >> the parents m...

Oil. all these countries stand to loods if the oil is cut off. in this state most of the countrys oil production is still running but if this unrest continues, all companies say they will shut down more facilities, particularly staff. that means less oil and very likely, emily, higher oil prices still to come. >> well, andrew, the chief executive of russias gas producer says the uprising across the middle east should be a warning to the west. he says we may no longer be able to rely on the suppl...

Policy meeting. lets take a look at the numbers now. the ftse is down .58. the dax is down. the paris contact down ever so slightly. the zurich smi showing a slight rise there. andrew. >> lets take a quick look at the currency markets with whats been going on in europe. the euro, the pound, and the yen are all going against the dollar. the dollar had been off a bit of a surge. the yen dragging japanese exporters lower. the nikkei, the broad index in japan was down 2%. down another 1.4% as well. ...

Sentiment remains very nervous as we watch events unfold in libya. >> well, andrew, wall street saw a sharp selloff on tuesday. the three major indices posted their biggest one-day drops in a year. it has investors spooked and oil prices soaring. heres how the numbers settled at the close of trade. the dow was down almost 1.5%. shares of three airlines slumped at least half a percent. the broad s&p closed down 2%. u.s. markets still look set for a higher open when trades begins late wednesday. t...

Good morning from cnn london. im emily reuben. >> and im andrew steevs. youre watching "world business today." unrest in libya pushes the price of crude oil ever higher. investors remain on edge. we survey the damage from tuesdays damage and count the recovery. and the prime minister has good reason to look so wired. from airlines to ports to services and shops, his country is closed for business. lets take you straight to the stock market action now starting in europe. markets here look...