states as well as emerging countries in asia good times ahead from the perspective of the international monetary fund but how does wall street see it let's bring in our financial correspondent in new york ian scotty yes hi good to see you now do you think investors share that optimism that we're seeing from the i.m.f. . well i mean on wall street do not necessarily need the opinion of the i.m.f. to make up their minds if the economy looks brighter or not in the past couple of weeks months we got some pretty solid economic reports here in the united states just past week we had the best reading from the industrial sector from industrial production in about thirteen years the car industry seems to be doing a bit better at least we got some hints on that from the latest car sales so here in the united states overall the picture does look pretty bright and for sure it didn't hurt that the i.m.f. all saw actually higher expectations a little bit for this year and next by the way the i.m.f. also does see some risk especially when it comes to protectionism i mean that's a tendency that we might be seeing al

the guardian is reporting on the international monetary fund's half—yearly fiscal monitor...his is a high—tech here. if we have a look at the japan times story, they are focusing, because of a scandal around the still company, they are wondering if the company and its reputation as a world leader is being marred by scandals. that is the line being taken by the japan times. now, hopefully the new york times. now, hopefully the new york times. let me tell you what it is about. they say the east african nations wish to ban used clothing

talk of contagion can be heard marist obst felt for example the chief economist of the international monetary fund has warned that the longer the escalation goes on between barcelona and madrid the more likely it is to have a negative impact on other countries in europe but i think what's been happening in catalonia and spain since the referendum also has the potential to release scare off some of the secessionists not only the forty four major companies you just told us about left catalonia after the referendum happened but also around about five hundred smaller companies this enormous exodus of economic power out of catalonia might cause some of those surveyed secessionists in catalonia to think again and would you say that's why the shrugging off the political risk because there's there's so much political risk right now not just in spain and it doesn't really seem to matter which country it is a which region the markets just shrug it off. that's one reason many people in business think that all this political uncertainty makes the case for unity makes a strong case for the eurozone and the eur

the guardian is reporting on the international monetary fund's half—yearly fiscal monitor...igh—tech here. if we have a look at the japan times story, they are focusing, because of a scandal around the still company, they are wondering if the company and its reputation as a world leader is being marred by scandals. that is the line being taken by the japan times. now, hopefully the new york times. now, hopefully the new york times. let me tell you what it is about. they say the east african nations wish to ban used clothing imports. they say country is, their countries have become dumping grounds the unwanted goods. and the daily telegraph will look at that as well. leading with an argument in the uk over the government's so—called dementia tax. the conservatives say that pensioners should not regard their homes as assets to give to their offspring and there could be sold to help pay for their care needs. we got there. we did. we have cornelia with us, good morning. shall we start... we thought the philippine star, the whole wide world has picked up on this harvey weinstein s

and that got there from the international monetary fund cracking the whip as usual but grace's forecast a little more optimistic nice doing business with him. he regularly makes his friends we. talked with put it on various makers of the netherlands photographs of tears. under the microscope they reveal a captivating beauty. and much more. tears can't even contain clues to what cost them. your. next on. every journey begins with the first step and every language with the first word published in the. nico is in germany to learn german why not learn a simple online on your mobile and free stuff from d w z e learning course we can speak german made easy. crime fighters the new season of radio crime thrillers begins. with. motion domestic violence cyber crime and human trafficking for investigative cases that will keep you on your toes crime fighting stories of the best idea ever so every young person needs to listen to crime fighter and share tell a friend tell a friend to face crime fighters don't miss it. and their friends do w. hook up we speak your language to talk about them. for cont

global financial leaders are gathering in washington for the annual conferences of the international monetary fund fund and the world bank also a gathering of g twenty financial officials is wrapping up there today the talks started earlier this week and conclude on sunday they provide a wide ranging forum for government officials academics and business executives to discuss global economic trends the i.m.f. forecasts the global economy will expand by three point six percent the fastest rate since two thousand and ten and my colleague the phenomenas in washington and he has covered this gathering of the world's financial bigwigs kasten what was the focus there this year. well this is a huge conference as you said the finance ministers and the central bank governors of almost one hundred ninety countries but also there are many many more people from the world of finance here there are dozens of panel discussions and seminars here on topics ranging from financial stability in the world but also development topics such as water suppliers in rural areas and in the growing big cities even to the point

you so much, madam lagarde of the international monetary fund. thanks to tom keene, a wonderful interview with the imf managing director at the imf world bank meeting. interesting to hear her say she would be happy to explain the imf position on tax to said -- treasury secretary mnuchin who she will be meeting later on. mark: she will not pass any judgment on the gop tax draft. coming up we will head back to the imf and the world bank meeting in washington. the president of the european investment bank joins us. this is bloomberg. ♪ ♪ live from london, i'm mark barton. vonnie: this is "bloomberg markets." on u.s. tax policy, president trump is promising his plan would save money for millions of american families. hastax break in question emerged as a key flashpoint in the debate. -- brings us the story from capitol hill. a great story and the question it raises is why does it take until now for the president to suddenly be surprised by this? >> is a great question and is part of a pattern with president trump. he's not paying attention to the fir

tonight's the international monetary fund releases its growth projections for two thousand and seventeen india thinks china is set to rise we take a closer look around the world also denmark it sets relax its laws regarding the sharing economy or at least create a few the government is warming to the idea of collecting big taxes on this new form of consumerism instead of running it out of town for lack of regulatory control also my gas former u.s. attorney commissioner bart chilton has the lowdown on taxes can washington get it. don this year he is set to tell us said stand by the bastar right now. here in the economy giants like air b.n. b. and uber could see the way paved for them right into the heart of northern europe the danish government has decided to stop fighting this change in consumerism and instead embrace it by adjusting its labor and tax laws according to the business ministry about one fifth of danes have either offered or consume the kinds of services provided by uber and air b.n. b. and that is set to increase business minister brian mickelson says if you want people to

products also this week trouble why the international monetary fund the winner of the nobel prize in economics is signaling danger ahead for the global economy. and the trevi fountain by luxury fashion. why without private investment many of its elites most important risk. planes trains automobiles and fake components japan's kobe steel says that it was faking data about the strength of products delivered to more than two hundred companies for the past decade it's a scandal that's unsettling the transportation industry worldwide general motors boeing toyota honda they all have to check their supply chains the manufacturer of japan's shinkansen bullet trains says that it's already found parts supplied by kobe that failed to meet industry standards the one hundred twelve year old metals manufacturer said that further cases could come to light florence louis reports from tokyo made in japan and now these brands share one more thing in common their customers of kobe steel the company has admitted employees fabricated data about product quality to meet customers better to cations the gove

talking about another reason is that the economic and business numbers remain strong the international monetary fund just increased its global growth forecast for this year and for next year and many businesses have reported strong earnings and i expected to continuously report strong earnings this week we'll get quarterly earnings reports from a huge amount of companies including s.a.p and diner and the upbeat mood on the market seems to indicate that investors are bracing for positive use their contribution in profit for us thank you very much. sara thanks so much fan we're going to turn now to something that is being called the most intensely observed astronomical event to date and in a new era in austria anomie scientists around the world say that they have witnessed the collision of two ultra dense stars for the very first time the collision of the two dead stars called neutron stars caused a ripple in the fabric of space it was first observed on earth in the u.s. with the help of gravitational wave detectors astronomers around the world were notified so that they could focus their telescopes o

well the international monetary fund a spent the last decade trying to pick up the pieces after failing to predict the last financial crisis this week the i.m.f. said that nearly seventy five percent of the world is now experiencing an upswing it's predicting that the world's economy will expand by three point six percent in twenty seventeen and by three point seven percent in twenty eighteen that's slightly higher than what it was predicting back in july but the i.m.f. also issued a warning it said record low borrowing costs designed to help the economic recovery pushing up debt levels in the world's largest economies and it singled out china as one of the worst offenders well the i.m.f. and the world bank are hosting a meeting in washington d.c. where finance ministers and central bankers from around the world are gathered to have returned reports. the world bank president says governments around the world need to spend all countries need to invest more in their people it's been a rough few decades for the world bank and the i.m.f. reputation's most recently they failed to see the eco

the united states as well as emerging asia good times ahead from the perspective of the international monetary fund but how does wall street see it let's bring in our financial correspondent in new york ian scotty yes hi good to see you now do you think investors share that optimism that we're seeing from the i.m.f. . well i mean no rest on wall street do not necessarily need the opinion of the i.m.f. to make up their minds if the economy looks brighter or not in the past couple of weeks months we got some pretty good solid economic reports here in the united states just past week we had the best reading from the industrial sector from industrial production in about thirteen years the car industry seems to be doing a bit better at least we got some hints on that from the latest the car sales so here in the united states overall the picture does look pretty bright and for sure it didn't hurt that the i.m.f. all saw actually higher the expectations a little bit for this year and next by the way the i.m.f. also dusty's some risk especially when it comes to protectionism i mean that's a tendency that w

kim of the world bank, and christine lagarde of the international monetary fund. nt and center, trump administration criticism of international monetary funds. stay with us. from london and washington, this is bloomberg. ♪ bloomberg:is is " surveillance." a mini bring to china, according to people with knowledge of the plan. a german automaker has been in discussions with china's biggest bmw has beenrer, working with them. they sold more than 230,000 many cars worldwide. datapan, the kobe steel scandal gets bigger. bullet trains have been found with substandard cars. japan railway says the price don't cause any safety risks, but fail to meet industry standards. the international energy agency forecast oil stockpiles will fall this year for the first time since 2013. the reason, stronger demand and production curbs by opec and russia. the iea says supplies from the u.s. and elsewhere will prevent inventories from dropping further, and that could limit price hikes. that's your bloomberg business flash. tom, francine? tom: taylor, thanks so much. one thing we try to d

roads will shut down tomorrow night around the world bank and the "international monetary fund" headquarters in northwest d-c. it's a security move - for the groups' annual meetings. those roads - won't reopen until sunday afternoon at the earliest so plan accordingly. the congressional football game is set for seven tonight.. at gallaudet university's hotchkiss field. members of congress and some former n-f-l players will face off against u.s. capitol police. tickets are 10 dollars. proceeds will go to charities that benefit military and law enforcement families. during halftime, u.s. capitol police special agents da griner will be honored. they saved lives during the mass shooting in june at a g-o-p congressional baseball practice. days after reports he called the president a "moron"... there appears to be another rift between the white house and the secretary of state. the president told "forbes" he has a higher i-q than rex tillerson... and suggested the two take tests to prove it. later, the president insisted he has confidence in his secretary of state... and the press secretary said i

global finance this weekend two events are coming together the annual conferences of the international monetary fund and the world band plus a meeting of g twenty financial officials the talks started earlier this week and will and on sunday they will allow government officials demick said executives to discuss global economic trends the i.m.f. forecasts that the global economy will expand by three point six percent earlier we asked or washington or spawn and cast the phenomena of the mood was good considering the i.m.f. stock to miss. yeah absolutely the mood is very good but there was also a certain feeling of wistfulness because this is the last time that the german finance minister is here to meet his colleagues especially in the group of g twenty was of course first among equals in many ways through his authority and experience he has shaped this group also was this year the president of the group and i had a chance to really talk to the french finance minister who told me that everybody in the meeting of the finance ministers was very friendly to work on short and that they were all solidly mi

and it's looking even better elsewhere though the international monetary fund has put canada at the top of g seven nations when it comes to economic growth in fact it's issued some positive news from many countries but the organization fears and take globalisation movements present a hurdle for artie's out through highly veges and toronto with more on this alex let's start in canada where you are what's the latest me i.m.f. on canada's economic state and i know you're thinking all of this is a little bit like the movie groundhog day because we've heard this before that cater to stopping the g. seven that would be you know we see from paris of just a little while back the measure that came out of those at the top and now we have the i.m.f. the washington based saying pretty much the exact same thing you know how to basis point above what the originally predicted now be put growth at three percent for canada for two thousand and seventeen which is making a lot of people happy obviously in canada especially so these are nice numbers it's nice to see for economy right now that has been doin

suggests the international monetary fund has upped its economic growth forecast the body now believes the world's economy will grow by three point six percent this year and three point seven percent in twenty eighteen the i.m.f. says the stronger growth is being driven by your roughly russia japan and china on the other hand it's predicting tougher times for the u.s. britain and india can be constructive. the fourth round of the nafta trade agreement negotiations has begun during a visit to washington by canadian prime minister justin trudeau u.s. president donald trump emphasized that he could also live without a deal. i said we'll renegotiate and i mean i think justin understands this if we can't make a deal it'll be terminated and that'll be fun because if you well we're going to do well the third partner in the agreement already appears to be preparing for the worst mexico's foreign minister says his country has no interest in a deal that involves thinly disguised protectionism we're going to get it what we can't allow is for a free trade agreement to stop being for free trade and

the guardian has a warning from the international monetary fund that the global economy's recent recovery

director offeld, research at the international monetary fund.you. 8:30g up at 3:30 eastern, we will speak with nobel prize-winning economist paul krugman on "what'd you miss." breaking news -- failing to we n a png board seat, they will take more time to determine the outcome. shares are falling right now. they are down 1.4%, this as we learn that nelson helps has failed to win the board seat he was actively looking for. i want to come back to that breaking news in a few moments. for the moment, this is bloomberg. ♪ vonnie: want to go back to the hasking news --nelson peltz lost a shareholder vote to gain a board seat at p&g. it is a little bit of a surprise. julie hyman has more on this and the stock reaction. julie: we are seeing the stock fall. you have continued headlines here -- the company says based on the preliminary vote count, all 11 of its directors were board.ed to the that is not nelson peltz of tryon partners. tryon says it will take more time to determine the outcome. procter & gamble says nelson peltz was not elected to the board

tom: david lipton, thank you so much, with the international monetary fund.hat is tom keene in washington. everybody likes middle class tax cuts. the problem is how you wind up doing that. david: and to is the middle class. alix: it seems that gary cohn had a higher and did that, so that is a huge debate. stack up, halfe an hour away from inflation readings in u.s. s&p 500 futures up and bank of america earnings come in solid. euro-dollar flat on the day. it was higher we heard the news that they could potentially extend the bond buying program to reduce how much they buy. 10 year yield up about one basis points. the curve continues to flatten as we go and nymex crude up 2%. if there is a change in u.s.-iran strategy, what does that mean for their protection after he jumped to one billion barrels -- after they jumped? 's frontf the consumer and center. coming up, david malpass, u.s. secretary, will be joining us. ♪ ♪ alix: healthy debate. president trump's administration takes a step to rollback obamacare, heading up subsidies to ensure. circle is said to jan

unemployment is down but salaries aren't moving much weighing on consumer spending and the international monetary fund warns the japan's growth could slow to north point seven percent next year. hell my a chief economist of debris milan despond how the japanese economy is fairing uneasy gandhi is doing pretty well at the moment if you look at the last quarter it was and utilize growth pattern of two one of percent which is extremely high for japanese standards but there is a big but the question is is it ended jina strength or extremist strength and it's rather extreme the strength stemming from the world economy is just stemming from the silk road bump on the road initiative of china and we see that in the export business we've had an increase over the last three months on average and and your comparison by fifteen percent and china plays a major role thus the and the genius trends which are in the economy can rely on is not as strong as the numbers might implicate and that not to act there are plenty of reasons i don't have the view of the i.m.f. the exactly that probably also has to do with the fac

the guardian has a warning from the international monetary fund that the global economy's recent recovery may not last. of course, the imf and world bank are having their meetings at the end of the week in washington. the gulf news carries the spat between us president donald trump and his secretary of state rex tillerson — with trump suggesting the pair face off in an iq test. and finally, back to the guardian, which is also running with new advice on british eggs. vulnerable groups such as pregnant women or the elderly will no longer have to soldier on without soft boiled eggs as they've been declared safe for everyone. isn't that lovely. we will focus on that in a minute. but let's begin. with us this morning is liam booth—smith who is the chief executive of independent think tank, localis. let's start with ca rles let's start with carles puigdemont. a difficult position to be put into. greeted this huge, euphoric moment of saying i declare independence, vincent duport that all back again. yes, andl vincent duport that all back again. yes, and i think he will suffer that. -- then pull

million people and all of that one point five million of them live in vienna according to the international monetary fund the country has a gross domestic product of three hundred eighty seven billion u.s. dollars and what does that mean while it makes it the twelve richest country in the world and it's also a fully fledged member of the e.u. and the euro zone border security and refugee policy have been the hot button issues for this election campaign as you will now see in this report. it looks like a quiet stretch of the later river on the border of austria and hungry but right here or thirties of course more than eighty migrants trying to illegally cross in the weeks leading up to the austrian election. and especially along the lighter river many foreigners in need of help and protection are using it to make the crossing into austria. austria to can one hundred thousand asylum seekers in twenty fifteen but now says it won't take any more one of the reasons is this man sebastian kurtz who has campaigned mostly on his successful push to close off the so-called balkan route. i'm going to take a very cle

were office the in a very celebratory mood but you know this is an ongoing story even the international monetary fund has weighed in saying that the spanish banking sector may be resilient but the situation is still very fluid spanish banking investors are of course well aware that if the worst case scenario happens and catalonia does break off then catalonia will need a new central bank and you currency and these are changes that the region are not is not in a position to affect to now the milan and found that that thank you. it's been another bruising day for japan's coby steel that stock has plunged thirty percent as the scandal over the safety of its products deepened japan's third largest steel makers sold minium and copper products using falsifies documents the possible used in cars planes and high speed trains customers have been scrambling to find out how they are affected and if there's a safety risk. their first conference started with the usual boeing off except q-tips admitting guilt and with an admission that shook up industry heavyweights all over asia there is a possibility that our fi

room because everyone here is discussing a lot about the large amount of debt in china the international monetary fund estimates that the amount of debt in relation to g.d.p. in china is that two hundred and fifty percent this would be called totally unsustainable here in europe a country with such a high debt to g.d.p. ratio would not really find it easy to get credit on the financial markets what's positive or why this is contained in china has to do with the fact that this is mostly domestic debt i mean it is debt to chinese creditors the chinese have large amounts of holdings are in foreign currencies that's sort of muffling. the risk there and. of course this contributes to the fact that you know the risk by ratings agencies is seen relatively contained s.n.p. recently lowered the rating to a plus not very bad but the chinese at the time were not amused ok well let's leave the elephant in the room for the moment and ken foreign businesses really expect equal treatment with chinese firms all of a sudden. well what you mentioned earlier about promises that see that very well and fortunately a lot o

trade organization expects global trade to grow by three point nine percent this year the international monetary fund even forecasts that an increase of four point two percent is possible. the trend is expected to continue in the coming year as well. that's down to the continued economic recovery across europe an important trading partner for many countries worldwide. trade with the us is also strengthening trumps threats of import tariffs and other trade barriers have barely been implemented. this will also benefit asian countries which are posting strong growth as a result of robust global trade. and that's also reflected in positive figures for the european economy unemployment in the eurozone edged lower from nine percent a couple months ago to eight point nine percent in september that's the lowest rate since the beginning of two thousand and nine inflation is just managing to hold up it was a one and a half percent last month it dipped ever so slightly to one point four percent this month and g.d.p. growth is edging higher to zero point six percent a modest gain from the half percent that was f

trade organization expects global trade to grow by three point nine percent this year the international monetary fund even for costs that an increase of four point two percent is possible. the trend is expected to continue in the coming year as well. that's down to the continued economic recovery across europe an important trading partner for many countries worldwide. trade with the us is also strengthening trumps threats of import tariffs and other trade barriers have barely been implemented. this will also benefit asian countries which are posting a strong growth as a result of robust global trade. and that rather positive picture is also reflected in fresh figures from the european commission showing a surge in economic confidence in october the index of industry and consumer sentiment in europe rose to its highest level in almost seventeen years the mood barometer rose by an unexpectedly high zero point nine percent to one hundred fourteen points from the one hundred and thirteen point one in the previous months that comes ahead of quarterly growth figures for the eurozone of zero point six perce

when it could be sold to help pay for their care the guardian leads with a report from the international monetary funds for higher earners could arrest income inequality. it also carries a photograph of bond star laa seydoux, who claims she was also attacked by harvey weinstein. the i leads with the prime minister's condemnation of film producer harvey weinstein, who bafta has suspended from its membership today, over allegations of sexual harassment. the sun alleges cia agents have told their british counterparts that sally jones, also known as the white widow, has been killed at the iraq/syria border in june. the ft claims tech giants netflix and ebay collectively paid less than £1.9 million in uk tax last year. and the express devotes its front page to the announcement from buckingham palace that the queen will not lay a wreath at this year's remembrance sunday commemorations so let's begin. let's begin with a story we thought we might have seen the back of, the daily telegraph, homes are not an asset to get to your children says minister, this has overtones of the so—called dementia tax. minister,

suggests the international monetary fund has upped its economic growth forecast the body now believes the world's economy will grow by three point six percent this year and three point seven percent in twenty eighteen the i.m.f. says the stronger growth is being driven by europe russia japan china and. on the other hand it's predicting tougher times for the u.s. britain and india can construct. the fourth round of the nafta trade agreement negotiations has begun during a visit to washington by canadian prime minister justin trudeau u.s. president donald trump emphasized that he could also live without a deal. i said will renegotiate and i mean i think justin understands this if we can't make a deal it'll be terminated and that'll be fun they're going to do well we're going to do well the third partner in the agreement already appears to be preparing for the worst mexico's foreign minister says his country has no interest in a deal that involves thinly disguised protectionism we're going to get it what we can't allow is for a free trade agreement to stop being for free trade and it was

of poverty, but the country's debt pile is a cause for concern and it is even something international monetary fundt in its report on the chinese economy, 260% of gdp. for a closer look at china's growths and challenges, earlier iceberg to investment analyst katherine young andi investment analyst katherine young and i asked if president xi's expectations are realistic. what's important in the gdp release is they are incorporating rnd expenditure, this is likely to see nominal gdp up a little bit going forward, but also it's important because there's a big focus from the government on innovation spent. you also have to look at the quality and the quantity of the growth, is this quality growth from the july to september quarter, which everyone says, will be 6.9%? quarter, which everyone says, will be 6.996? again it is the focus on companies climbing up the value chain in china, becoming more innovative. we heard about alibaba allocating 15 billion us dollars to oui’ allocating 15 billion us dollars to ourand did over allocating 15 billion us dollars to our and did over the next two years, that's on

speaking in washington, where he's attending a meeting of the international monetary fund, mr hammondejected accusations that he is talking down the economy by saying the brexit process has created uncertainty. he told the bbc he was committed to delivering a deal that worked for britain. our economics editor kamal ahmed reports. a man under pressure. challenged on brexit, challenged on the performance of the economy, and briefings there is a split with number ten. but today, an upbeat tone from the chancellor, philip hammond calling allegations he's just too gloomy "bizarre" and "absurd". i asked him first about lord lawson's claim of sabotage. well, lord lawson is entitled to his view on this and many other subjects and isn't afraid to express it. but i think he's wrong. what i'm doing here in washington is talking britain up. what is the brexit process effect on the uk economy at the moment? we always knew the process of negotiation was going to create some uncertainty, and that's undoubtedly true. they are not getting that, are they? the prime minister, in florence, a few weeks ag

financial leaders descending on washington for the annual meetings of the world bank and the international monetary funds week. the head of the antipoverty agency is rolling out new initiatives to encourage more investment in human capital and education. he sat down with the bbc‘s michelle fleury to discuss this urgent need to prepare people for the future workplace. automation and technology is going to eliminate so many low skilled jobs. in developing and developed countries? in most developing and developed countries. the one thing you know for sure you'll need in whatever the economy looks like in the future is people who can learn, who are able to adapt to new situations, who are able to learn new things, and right now many countries in the world do not have a workforce that is capable of that. it's time that we move on. what is the human capital project? we started looking at what is the connection between investments in human beings and their health and education and social protection. what's the connection between that and economic growth? what we found was the connection is far more profound th