>> funding for this presentation is made possible by the freeman foundation of new york, stoe, vermont and honolulu. newman's own foundation. john d. and katherine t. mac arthur foundation and union bank.

>> now bbc world news. >> the world's major economy end their g 20 summit. fixed grins at the summit close but will china and america continue to blame each other. >> it's important for china in a dprad you'll fashion to transition to a market based system. flu jo welcome. also in the program, does

freedom beckon? the burma military will release their leader. jo a mission completed across the united states for wounded personnel. >> midday in london. 9 p.m. in seoul where the g 20 summit has ended with a collective commitment to do something. not sure what. how much common ground is there among the world's biggest emerging nations. credibility has been tested. >> well, it may not be the headline grabbing solution to all of the world's problems but the leaders meeting here for the

past two sdas are holding up their agreement. there is a horde of media hacks that remain to be convinced. in the end, we are told everyone is walking in step. >> south korea told. the body language looked relaxed and frenzied. british sources describe the late night discussions between

the chinese, americans and koreans. uk, france and others stepped in. in the end, this final document will fall a long way short of the currency and trade many were hoping for. >> reforming financial institutions and regulating the banks there is a commitment to at least monitor trade imbalances. there's a pledge countries will exchange. importance and welcomed bit u.s. president. >> china spends enormous amounts of money in the market to keep it under valued. what we have said is it is important for china in a gradual

fashion to transition to a market-based transition. >> america is facing criticism from china and brazil too. not the only awkward development. i feel ablidged to take one question from the korean press since you have been such an excellent host. anybody? >> i hate to disappoint you, i'm chinese. i can represent all of asia. >> progress is being celebrated here tonight. critics hearsay the big issue is largely unresolved.

there hasn't been any trouble we have seen at other summits. there have of course been protests here, nor has there been what many might occur. embarrassing the south as it has in the moment of the spot light. an assessment of what has been achieved here and what is the meaningful process leading to proper reform and underlining of recovery. thank you for joining us. picking up on some of the ideas expressed there a lot in the way

this is heard around the world. >> i think most people understand it is really going to be pretty much the same as before. they had to do something. this is the best that they could turn out. there's no actual achievement based on g 20 communication. there will be except six . china got more of what it wanted than the u.s. did there was this argument of the reference to under valuation and devaluation. do you think obama lost out to

the chinese? there on the obama administration, there is play to do something concrete. nothing has happened, protectionists will want to take action as a result of that. >> i am going to stop you there. you talk about protection. we know on capital hill, there are significant number of men and women. there are a number of new directive terrifs. are we on the brink of a real surge in the united states? >> it could happen. i don't want it to happen. my view is that if the economy continues to pick up, this can

be held at bay. if you see the united states with 3%, 3.5% growth, there's more reason for us to have the protection. if the economy stalls, this is going to happen. definite steps will be taken. >> do you think obama might find it difficult, do you think they will make play of the fact that the united states is not getting exactly what it wants from other companies. i think it will be a difficult thing to come back to achieve anything. the pressure is on him to take the mant al.

. maufrng for joining us. let's move ahead. reports of a release of the burma leader have been signed by the government. there's been no official statement. our correspondent has been watching the lastest developments from thailand. so confident that they will be released within a few hours what they have been saying. there's talk of a sign that she

has been free to go. questions arise around whether there is a condition. the only basis saying that she will be released within the last 24 hours is the 18 months under house arrest. at this stage, it is rumor and speculation. >> in other news, president obama has welcomed agreement of the new government in iraq. the prime minister now has a month to form his new government, returning to join it. >> the united nations appealed for $164 million to battle cholera out break in haiti.

at least 11,000 have been affected since last month. >> the prime minister taken from his hospital back to his family home. suffering a series of strokes. doctors say he is in a vegetative but stable state. a chinese vase sells for $17 million in london. >> more than 4,000 passengers and crew were marooned and are now back on dry land. an engine court fire.

>> limped into san diego. thousands of passengers lined the decks waving to curious passers by. the veries ill left long beach on sunday for a seven-day trip to mexico owe. a fire in the engine room left the passengers with no power and toilets not working. >> conditions were really horrible, food was really gross. this was people getting sick, vomitying in the food area. the whole food area smelled like vomit. >> with no election risity, hot

food was off the menu and with no election elefood in the refe rater had gone bad. the ship will stay in san diego until all repairs have been carried out. >> gmt, the headlines, g 20 leaders have ended with a battle of trade balance.

>> business news now. there is a great deal of concern. >> distracted by the bond crisis. taking a look, the kenya borrowing cost double where they were earlier in the year. investors are worried they might default. the private investors should bare part of the cost of any future bail out. they issue a statement that won't be the same until 2013.

earlier, one expert told me any respite might be short lived. >> there's been a lot of talk about the potential of the restructuring. the underlying problem has not gone away. the condition is a major problem. they are struggling to get to the fwot tom of that. it may be very, very difficult to get to the bottom of this without the assistance of the eu. the underlying problem is still there. >> talking about some pretty big engines indeed. rolls-royce has identified the problem with the quantas

blowout. it added that it would now replace the part in the other engines. the accident will miss the full year profit target. >> one aerospace analyst said that this could be a turning point. what this said is that the incident is isolated to that. there would be charges in 2010 related to this issue. they still guided for earnings growth. there are challenges ahead. >> investors are reassured that finally they have spoken. that was the criticism. where is rolls-royce. that is the big problem.

that helped to send the company's share price. how do you think the company has handled all of this? >> they are in a tough position. rolls-royce wants certainty. the investor community waneds as much information as possible. problem primary customers were airlines and the regulatory bodies and sorting that sout. >> it took a couple of days before they got back to that community. at one point, the shares lost $1.14 billion in the market cap. other stories making headlines around the world. >> a concern that central banks will rise again. >> the biggest one-day drop in

14 months. a bigger 6 point 1% meaning the banks could raise. that would be the second hike in less than a month. >> the latest industrial activity reading is causing concern. out foot only grew by 4.4% in september. just over 16% rating. the lobby has called on the government to take action. promised to analyze what is going on. a percent across that july to september period. less than half the pace it enjoyed over the second quarter. germany, italy and france offer more support. a 0.1% remaining with a 1.1%

drop in activity. >> looking at the market, stocks fell and again led by that story i was telling you. >> the biggest single drop since may. commodities tumbled amid speculation that that would dampen those stocks in europe. that's a look at the business news. >> thank you. here is a story to inspire. a chinese vase found when a house was being cleared out in london is sold for $17 million. the buyer is from the chinese

main land. they paid easily the highest price ever. it is an example of the growing economy in china. this is an astounding price. are chinese coming into the auction houses? >> we are seeing a lot of chinese billionaires, millionaires. they are looking for value items. also property. at time of slow down, tumbling prices. this is a time for them to come in. >> who are these buyers? are they property developers?

where have they maid their money in communist china? >> these people have earned the money through whatever means and are now thinking of diversifying their capitol and could be buying this for a private collection. that is again turning into a political capital. >> at the moment, they focussed their money on a wonderful chinese artifact. they could really change the marketplace if they have this kind of money. >> some people are already saying chinese players are playing a bigger and bigger part in that and not collecting just this but so far chinese

collectors and buyers are concerned there might be another motive. across china, people are thinking and talking about cataloging all of the artifacts lost. they are thinking of buying some of them back. >> i'm sure he they had a chance to look at that as well. >> six military veterans have come to the end of their run. three challengers that helped wounded personnel. watching as they finally crossed the finish line. >> the fanfare on the peer for an epic journey.

five british journeymen and one american. 35 3w0 across the entire u.s. to raise money for wounded veterans. they folded their flag. the journey of finishing on this day. >> the marine that lost three limbs in afghanistan. >> so far achieving on the day making sure it is so much more special to me. they took it in turns to run up to five miles a day. others up to 20. the run in the movie forest gump.

>> raising money for wounded soldiers. the idea came from the sargent who had to use a hand back after an injury. they all felt the strain. >> if you could imagine, you are awake 20 hours a day. you've done 23 miles and burned 6,000 miles in a day. anybody living like that, not a chance. what do you think then kept you together? >> the nine week odyssey spanned four time zones and the landscape. here they are in a grand canyon. each mile stone brought an understated celebration. and the final smile of a california coastline. they are not discouraged. >> the money that has been raised, you can always wish for more but you have to be thankful

for what you've got. >> later, they were thankful. at 11:00 pacific time, they lead the crowd in recommending the fallen. an unusual setting after a unique achievement. >> almost it for this addition to gmt. making little progress on their way to currency valuation. >> how a british officer's words become the lyrics. we have plenty more to common

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