the international monetary fund publishes its outlook on wednesday. they may remember that the global financial system remains the weak link in the economic recovery. >> in europe the dire state of government finances combined with weak banks have brought protesters onto the streets. in washington it has drawn a warning from the international monetary fund. >> the key message of this global financial stability report is -- the financial system remains the achilles' heel of the economic recovery. much work still needs to be done to ensure global financial stability. >> the imf has trimmed from $3.30 trillion to $3.20 trillion, making note that more bank debt needs to be rolled over to keep banks financed. the issue of debts was foremost on the line to ben bernanke. this week he told a group of students that something needs to be done to reduce the deficit. >> the threat to our economy is real and growing, which should be sufficient reason for fiscal policy makers to put in place a credible plan for bringing down deficits to sustainable levels. >> with

. >> the united states wants to bring in the emerging power to the international monetary fund, but this would cost europe. there is a new suggestion from the europeans, who want to give up a couple of seats for the international monetary fund, but this is connected with other things. there is a power struggle to move this and not the the only one that will have to move. many people say that we have not seen the end of this and there may not be a solution at this annual meeting in washington just yet. >> thank you very much for that. european leaders are pushing for china to allow their currencies to rise. at a meeting in brussels, wen jiabao was holding a meeting. european officials believe yu that the operaan -- believe that the yuan is currently undervalued. >> the understanding was that great britain and china need each other, but the issue was the currency. they were trying to say that the undervalued currency was affecting european exporters and should appreciate. >> this is a significant and broadbased appreciation that would promote a more balanced growth for china and the global

the international monetary fund and the world bank. >> we believe it's very important to see more progress by the major emerging economies to more flexible market-oriented exchange rate systems. this is particularly important for those countries whose currencies are significantly undervalued. >> geithner didn't specify it was china he was referring to. he only said large economies that act to keep their currency undervalued may encourage other countries to do the same. but geithner added that recent intervention by japanese monetary authorities won't lead other countries to competitively devalue their currencies. >>> speculation about another easing in u.s. monetary policy is pushing the dollar lower against the yen. at one point in morning trading the dollar fell to the upper 82-yen range. that's the lowest level since september 15th, when japanese monetary authorities intervened in the market. the greenback is currently at 82.91-92. the euros at 1.3152 and 35. and turning to markets, tokyo stocks are little changed on thursday morning. the nikkei ended the morning session at 9,702, up 11

business now i know that finance later on this international monetary fund meeting we're discussing the so-called battles of currency say that you know we know that the us and. they complain about china and some other. deliberately on the ballot there crises to aid their exporters and this may lead to trade wars i've heard that how serious is that and where is russia standing on that matter. where they were and. currently there's no battle of currencies it's very likely that it's more of an expectation that one day currencies will become a more serious tool in competition at the moment the best examples are the u.s. and china the situation there is unique but i don't think we can say that such a war is taking place in other parts of the world on the other hand you might say that some of the dispersion of distortions are forming in currencies for example some moves of the american side i mean influence currencies most likely there are fears that someday such a war will become more serious but i can say that the possibilities to play around with currencies are very insignificant or short

international monetary fund meeting this year you receive the award as the best finance minister of the here and everyone is saying that russia coped with financial global financial crisis better than expected how attractive is washing terms of foreign investments at this moment. to the heads of major financial organizations who i met with in the past three days are very keen on russia because with interest rates very low in the last and earn something of an emerging market pressley where the ratio between profitability and reliability is optimal markets russia is showing exactly this work in the thanks of the government strict credit policy we have good. which means we are not afraid of devaluation or to serve the country's budget bounces goodness so is the balance of payments in this respect we have very attractive. there are a lot of discussions here in the west about about the level of government interference in the russian economy and that is sort of one of the concerns that the west has towards question economy what is being done to reduce that that involvement of the government i

the head of the international monetary fund is urging nations not to use their currencies as economic weapons of self defense though many strauss kahn says the global financial crisis is not over with the likes of the u.s. struggling to avoid a double dip recession and as aussies and lauren lister reports some countries are already riding the wave of the dollar's downfall. financial leaders are getting together from all over the world this week to figure out how to boost the global economy at the annual i.m.f. and world bank meetings but many are talking about a break up the world is. the united states as the consumer of last resort in the financial world that's not called divorce but decoupling and everyone from a flurry of wall street analysts to nobel prize winning economist joseph stiglitz are using the word now to describe this shift in power the baton is passed from countries like the united states on to countries like china brazil russia. india and beyond and you know growth in the global called leave much more depended upon those countries than on the developed economies it ex

of our stephanie joins me with the latest business update hi stuff so good news from the international monetary fund i hear yes henri the i.m.f. has forecast economic growth in almost all european countries next year i'll have more on that and some positive forecasts for russia in just a few moments but first a top government official has told r.t. that russia plans to make water a major export it comes as alarming new figures show most of the world's population is poised for shortages but some are pouring cold water on the move as industry needers warn that the country can't even provide for itself the new bushel reports . two in three people will like water the u.n. says within fifteen years russia which has the world's largest drinking water reserves plans to plug that gap or we shouldn't be buying bottles of perrier we should be selling our own abroad with boosting export volumes by improving conditions for businesses to do so because exporting water is not a job for government cross border disputes own ready springing up from the middle east to north america and africa now top ministers of call

and portugal will be positive next year according to the latest economic outlook from the international monetary fund global g.d.p. growth is now approaching pre-crisis levels forecast at four point six percent this year and four point three percent next year west has also received positive forecasts probably i.m.f. with inflation expected to be six point six percent by the end of this year and unemployment reaching seven a half percent christophe klingon from the i.m.f. told business r t what was behind the growth they call. in terms of domestic demand and export export. back to the level that there used to be before the crisis and also the development of domestic demand was much more strong in russia than in the rest of the region the middle two countries where domestic demand is rather strong in the region and russia and turkey. let's look at the markets now asian stocks are trading lower on tuesday dragged by japanese exporters their precious there's a pressure on the nikkei from a strong yen against the dollar shares in hong kong also low resources stocks and bonds on strong commodity prices wou

korea tackling global financial and balances other agreements saying clue did given the international monetary fund a bigger role in supervising exchange rate growing economic tensions between china and the us also came out the beijing accused of holding its currency down on the us was criticised for having a loose monetary policy on balance the south korean eating is considered the temperate truce it was boneless to report some suspect us of lining up its economic artillery. the united states has waged well known wars in afghanistan. and in iraq. but some argue it's also waging a lesser known battle with the united states leading financial world war two train foreign rebirthing. especially to make other economies pay tribute to a war being fought not with force but with credit in this war us dollars are the bullets and they are cheap ammunition because the us federal reserve has been printing and pumping billions upon billions of them into the economy federal reserve out of balance sheet of about eight hundred fifty billion dollars and have shot up to two point one trillion dollars more than one p

. >> the international monetary fund said making big cuts in spending will slow growth in the short-term. the imf released a report on the effects of fiscal reconstruction in advanced economies including japan and the u.s. it says after two years it tends to push down by about half a percent. the deficit reduction also increases the jobless rate by a third of a percent. the report adds it to bring benefits of the longer term. the imf has repeatedly recommended developed nations to reduce their fiscal deficits. the latest report is seen as an attempt to show the effects of fiscal reconstruction and possible measures to deal with now to south korea's. the market has been expending fast, posting an average 10% growth since 2004. it shows how the population has used e-learning. >> a government sponsored exhibition called e-learning week was held last week. nearly 100 businesses participate in this. 30% of the participants were foreign companies. it was showcasing a wild range of tools using state of the art e-learning technologies. in the spotlight was called e-training. a system that provid

the international monetary fund predicts the economy slipping after a rare decline in 2009. >> it is sluggish. it is much stronger in emerging and erecting economies. >> china. secretary timothy geithner pressured the chinese to adopt a more flexible exchange rate. the chinese yen is undervalued by as much as 40%, giving chinese companies a major competitive edge. >> a policy to reduce reliance on exports and strengthen domestic demand. >> third quarter earnings are forecast to be much weaker than last quarter, and there is also said to be bad news of the nest -- next jobs report, the last one before the midterm election. abc7 news. >>> kohl's department store is hiring 40,000 workers. most jobs will be filled by mid november. they have 12 stores in the d.c. area, and each is expected to add 35 workers. seasonal workers could work from two to 20 hours per week. >>> it feels like seasonal. fall is here. >> yes, four days in a row, temperatures below average. it has been something like 30 years before we have had a stretch of five days or more of below-normal temperatures. >> how do yo

police prepare for the meetings of the world bank and international monetary fund and hundreds are expected to demonstrate starting tonight at 7:00. avoid 18th and 19th and 20th streets from g to p. -- pennsylvania and others. >> we are now just a few minutes from learning who will win this year's nobel peace prize. the favorite is a chinese dissident. he is now serving an 11-year prison sentence for sub versive. two women are favored. they are afghan women rights women's and a russian human rights activist as well. it is 4:35, 54 degrees. >> still ahead. taking a comedian call to act seriously. what people are saying about jon stewart's rally to restore sani sanity. a battle ground maryland rally looked more like an emergency situation. >> a picture perfect weekend forecast. >> a picture perfect weekend forecast. adam has a sneak peek next. more bold flavor!onds! more variety! more value! more of what you want... not what you don't. blue diamond almonds. (play-by-play announcer) it's up and it is... good! more than a snack. >> time for traffic and weather. >> we are looking ahead to the we

the international monetary fund fell to solve a raging debate over how the government in china and the u.s. are allowing currencies to remain and are -- remain artificially week to keep exports cheap. our correspondent sent us this summary of the trading session in frankfurt. >> even though the german stock market started the week of the upside, the question where the currency disputes between the u.s. and china will lead this is a big concern on the trading floor. nine out of 10 fund managers, economists and traders think that soon the fed will again, a large amount of money into the markets. the estimated some is about $500 billion. some might be happy about this. a lot of this money will be directly invested into equities. but traders in frankfurt are mostly concerned that such federal reserve money that the state of the united states economy must be really bad. let's get a closer look at the closing numbers. thedax finishing higher and the eurostox 50 trading higher. just barely up in the u.s., just managing to hold on to that 11,000 point level. the bureau of trading at a rally --

the international monetary fund fell to solve a raging debate over how the government in china and the u.s. are allowing currencies to remain and are -- remain artificially week to keep exports cheap. our correspondent sent us this summary of the trading session in frankfurt. >> even though the german stock market started the week of the upside, the question where the currency disputes between the u.s. and china will lead this is a big concern on the trading floor. nine out of 10 fund managers, economists and traders think that soon the fed will again, a large amount of money into the markets. the estimated some is about $500 billion. some might be happy about this. a lot of this money will be directly invested into equities. but traders in frankfurt are mostly concerned that such federal reserve money that the state of the united states economy must be really bad. let's get a closer look at the closing numbers. thedax finishing higher and the eurostox 50 trading higher. just barely up in the u.s., just managing to hold on to that 11,000 point level. the bureau of trading at a rally --

. >> the head of the international monetary fund has warned about the danger of what called a currency war breaking out between china and the western nations he said he takes the threat very seriously and the i.m.f. will put forward proposals to avoid such a conflict. the u.s. says the yuan is undervalued to an extend it amounts to a subsidy for exported goods from china. there have been promises of improved life for ordinary people but have any of those promises been met? our bureau chief is leaving kabul after two years of reporting from all over the country. this is his last dispatch on muslims living here. >> life is a kayly -- daily struggle for a handful of dollars. half begans are tough, self-sufficient but need two things most of us take for granted. peace and a little prosperity. it's something few here have ever known. i've taken one last journey to the north to see what's happening to the country and the people living there. this is the city's main bus station. it's long been one of the safest parts of afghanistan, immune from violence elsewhere. even here, things are changi

. >> the head of the international monetary fund has warned about the danger of what he calls a currency war breaking out between china and western nations. he said that he took the threat very seriously and the imf would put forward proposals to avoid such a conflict. the united states has said the yuan is undervalued. it has been nine years to the day since the u.s.-led invasion of afghanistan. since then, there have been promises of better government, more security, and improved lives for the people of afghanistan. have any of those promises come true? ian is leaving kabul after reporting from all over the country. this is his final report on the lives of afghans living in this area. >> in the country plagued by war, life is a daily struggle. afghans are tough, self- sufficient, but they need two things most of us take for granted, peace and prosperity. one last journey to the north to seek what is happening to the country and the people who live there. this is the city's main bus station. it has long been one of the safest parts of afghanistan, immune to the violence elsewhere. even

geithner's comments came as the international monetary fund cut its estimate for next year's global economic growth to 4.2%. the i.m.f. echoed geithner's comments, saying emerging countries need to be more flexible with their currencies. >> susie: here are the stories in tonight's n.b.r. newswheel: a mixed close on wall street: the dow gained nearly 23 points, but the nasdaq lost 19 and the s&p 500 off a fraction. trading volume was down slightly from yesterday's levels, with under a billion shares moving on the big board and just over two billion on the nasdaq. payroll processing firm a.d.p. says businesses cut jobs last month, 39,000 of them. economists expected a gain of 20,000 jobs in that report. and the panel looking into b.p.'s gulf oil spill says the obama administration's response to the spill was lacking. specifically, it faults the white house for underestimating how much oil was flowing into the gulf. the panel believes that gave the impression of being unprepared or not fully candid about the problem. >> tom: still ahead, the mid- term elections and your portfolio. "street criti

boost their exports talks in south korea announce ministers also decided to increase the international monetary fund's role in monitoring exchange rates. and russia says the world wide web should not be governed by the u.s. and provide global both stood the ship is designed to help protect two billion internet users from some other crime. and next we take you on an underground tour of places designed for people to survive and thrive. it's always docking here people who come often face danger. jim incarnate god it doesn't work. great here a long time ago now they played. and even perform religious rites. we know is that there is nothing accidental in god's deeds these manmade cade's which are a significant part of russian history attempt to go underground. adesa a city in the south of ukraine the film assaulted republic. at the weekend local day has set out on an underground expedition. the most comfortable way to get around the depths of the underground maze because by car. these manmade caves are the world's longest more than two and a half thousand kilometers of what it is we'll show you it doesn't

go through is all that is forecast from the international monetary fund will examine what's behind thegrowth of the economy. well why news out of moscow this is welcome to the program immigrants in germany are accused of failing to integrate into society choosing their religious convictions over the laws of their adopted country although the government says it's making moves to bring foreign born citizens into the mainstream the country's leader says that multiculturalism has failed sort of reports on an issue splitting the country. and really. learn the language of guts and accept. each and have a place to the message to immigrants in germany integration tough talk from the german chancellor controversial speech recently branded multiculturalism the face. of the fight it to take on an extremely sensitive issue. which is also called gaza strip because.

international monetary funds predicts the world economy will spent 4.8% this year and 4.2% next year. that's after a rare decline in 2009. >> it's sluggish in advance countries it's much stronger in emerging and developing economies. >> reporter: namely china u. s. manufacturers contend the chinese yen is under valued by as much as 40% giving china's companies a major competitive edge. >> more market oriented exchange policies and policies reduce reliance on exports and strengthen domestic demands. >> reporter: 3rd quarter earnings are forecast to be much weaker than last quarter and there is expected to be bad news out of the next jobs report which is out friday that is the last jobs before the midterm hecks. t. j. winick abc 2 news. >>> this is one of those popular brands of high def tvs more and more owners are complaining about the problem with these sets. john m investigates the problem that can leave you with no tv programs so you don't waste your money. >> reporter: one of the top brands when it comes to high definition tvs is samsung which routinely scores in top of the rating

. >> reporter: currency valuations were at the top of the agenda at the meeting of the international monetary fund earlier this month. and they are sure to be the talk of korea, when the g20 finance ministers and central bank governors meet there next week. scott gurvey, "nightly business report," new york. >> tom: these moves in the dollar can impact the overseas business of american companies like united technologies. it's brands are known around the globe-- carrier air conditioners, pratt and whitney airplane engines and otis elevators. 60% of united tech's revenues come from outside the u.s. so a stronger u.s. dollar can hurt its bottom line. but a weaker dollar can help. for instance, a one penny move in the dollar against the euro means a one penny move in united tech's earnings per share according to a sterne a.g. analyst. if the dollar drops a penny, united tech earnings will be a penny more per share. but wolfgang koester with currency management firm fire- apps notes united tech could see costs rise, if it has to pay more for materials priced in stronger currencies. >> so you actually ha

and the international monetary fund to hold their annual fall meeting.hat also means for the road closures in the northeast headquarters. starting tomorrow, 7:00 p.m., the 18th, 19th, and the 20th streets will be closed between these streets and pennsylvania avenue. there will be some closings on g and h streets. i'm sorry, i said northwest. and get ready for a new traffic pattern in this section of arlington this weekend. expansion means the north moore street will become one-way southbound headed towards wilson boulevard. the change takes place between wilson and 19th street. now, word of the work is the kind of story you can find in the news, where you live section at wusa9.com. to find your community, you can keep up with what is happening in your neighborhood. >>> well, this is the weather that we were all waiting for all week long. >> it's beautiful out there today, derek. temperatures topped out 77 officially here in washington. the breeze was a factor, a little higher. temperatures are dropping down. most of them on the 6s, holding onto 71. i can

also warned to be aware of street closures this weekend because of the meetings of the international monetary fund and th susan g. komen threday breast cancer walk. >>> the nation's largest bank is putting a stop to foreclosures of foreosed -- sales of foreclosed homes in all the 50 states. bank of america made that announcement today. it comes afr several allegations that bank of america employees signed foreclosure documents without ever verifying whether they were accurate. attorneys genal from several states haveaised concerned about possible legal violations. bank of america released a statement saying so far all of its foreclosure decisions are accurate. >>> when "news 4 a11:00" continues, a sear yaus burglar suspected in nearly 90 home and car break-ins may be expanding hi territory. >>> tiger took some time away from the greens pitching d.c. >>> he turned the tables on a robber showing up in a halloween costume. >> great day. plenty of sunshine for this weekend, but we could also have a chce for rain in that forecast as well. that's coming up. i'll have it for you in a minute. >>> high sch

a concert at verison center and the annual meetings between the world bank and the international monetary fund, what do you think? is that good timing or poorly planned? share your thoughts with mcginty's mail bag. the address is mailbag@wusa9.com. >>> another reason for commuters to beware, autobots preparing for battle and they just might ruin your day. the cast and crew of transformers part 3 will be in town next week. they will be filming scenes for a robot war and of course, that will mean a slew of closed roads and parking restrictions out there. mostly it affects areas in and around the national mall. it all gets started next monday and you can see all of those at wusa9.com. click on 9news extras. >>> well, for now, we will want to know what the traffic is looking like outside for the evening rush as it closes down. patranya. >> no need for a movie crew to stall traffic on the capital beltway. can't break the volumes we are seeing from the spur down to the toll road. looking at a 15 minute delay. no major problems right now. moving on to virginia, drivers trying to make their way home,