fed criticism is going down with the financial elite including the head of the international monetary fund christine lagarde is in very good company here at the i.m.f. annual meeting she has basically just voice what everyone here has been saying yesterday who was the french the e.u. commissioner who we see used to be france's finance minister so he did so he also knows what he's talking about and he basically said that the trade war that donald trump has started is stupid so even though donald trump is not here he's basically taking center stage at these meetings here and there's a lot of consternation about what he might do next. b.m.w. has taken control of its chinese joint venture the german can make a is the first to take advantage of beijing's new ownership rules for the stick to it look for the twenty five percent stake in the venture with brilliance china or a motive for three point six billion euros that would bring its stake to seventy five percent by twenty twenty two foreign companies had been restricted to no more than fifty percent stake. joins us now from before with the church tell us is chi

include the french and dutch finance ministers and the british trade secretary the international monetary fund's christine lagarde is also out as are the c.e.o.'s of j.p. morgan chase and the blackstone group that's a u.s. based financial services company and media partners have also withdrawn including c.n.n. c. and b. c. the financial times the new york times and the los angeles times from san suspended political visits to saudi arabia other e.u. leaders have also voiced concerns john a whole as the latest from brussels. if there's been concern about a slow response by european nations at a political level to the alleged murder of jamal kershaw g. well that may be changing britain france and the netherlands of all announced that they're withdrawing their ministerial level delegations to that financial investment summit of davos in the desert as it's been dubbed citing that now is simply not the time for that level of engagement this was what french president emmanuel macron had to say. leafy. the facts we know today are mr g. extremely serious and worrying we expect is fairly light on this matter we have had ex

include the french and dutch finance ministers and the british trade secretary the international monetary fund's christine lagarde is also out as are the c.e.o.'s of j.p. morgan chase and the blackstone group that's a u.s. based financial services company and media partners have also withdrawn including c.n.n. c. and b. c. the financial times the new york times and the los angeles times from san suspended political visits to saudi arabia other e.u. leaders have also voiced concerns john a whole as the latest from brussels if there's been concern about a slow response by european nations add up.

include the french and dutch finance ministers and the british trade secretary the international monetary fund's christine lagarde is also out as are c.e.o.'s of j.p. morgan chase and the blackstone group that's a u.s. based financial services company and media partners have also withdrawn including c.n.n. c.n. b c the financial times the new york times and the los angeles times mean all france are suspended political visits to saudi arabia or other e.u. leaders of also voice concerns john a whole as the latest from brussels. if there's been concern about a slow response by european nations at a political level to the alleged murder of jamal khashoggi well that may be changing britain france and the netherlands of all announced that they're withdrawing their ministerial level delegations to that financial investment summit of davos in the desert as it's been dubbed citing that now is simply not the time for that level of engagement this was what french president emmanuel macron had to say. leafy. the facts we know today are mr g. extremely serious and worrying we expect is fairly light on this matter we have had

include the french and dutch finance ministers and the british trade secretary the international monetary fund's christine lagarde is also out as our c.e.o. of j.p. morgan and the blackstone group a u.s. based financial services company and media partners have also with joining telling c.n.n. c.n. b. c. the financial times new york times and the los angeles times well france are suspended political visits to saudi arabia other e.u. leaders of also voiced concerns john a whole as the latest from brussels if there's been concern about a slow response by european nations at a political level to the alleged murder of ramallah kershaw g well that may be changing britain france and benevolence of all announced that they're withdrawing their ministerial level delegations to that financial investments from it all down in the desert as it's been dubbed citing that now is simply not the time for that level of engagement this was what french president emmanuel macron had to say. leafy. the facts we know today are mr g. are extremely serious and worrying we expect to throw light on this matter we have had exchanges with saud

treasury secretary as we mentioned earlier the international monetary fund's christine lagarde is also out as one of the c.e.o.'s of j.p. morgan chase and the blackstone group a u.s. based private equity group that's been a big beneficiary of some of the funding and media partners have stepped back to among them c.n.n. c.n. b c the financial times the new york times and the los angeles times leaders have also voiced their concerns jonah jonah hole has the latest from brussels. if there's been concern about a slow response by european nations at a political level to the alleged murder of her mild kushal g. well that may be changing britain france and the netherlands of all announced that they're withdrawing their ministerial level delegations to that financial investment summit or davos in the desert as it's been dubbed citing that now is simply not the time for that level of engagement this was what french president emmanuel macron had to say. leafy. the facts we know today are mr g. extremely serious and worrying we expect is fairly light on this matter we have had exchanges with saud

treasury secretary the international monetary fund's christine lagarde is also out of the c.e.o.'s of j.p. morgan chase the blackstone group the u.s. based private equity group that's been a big beneficiary of saudi funding and media partners have stepped back to among them c n n c n b c the financial times the new york times and the los angeles times or other e.u. leaders of voiced their concerns as a whole reports from brussels. if there's been concern about a slow response by european nations at a political level to the alleged murder of jamal khashoggi well that may be changing britain france and the netherlands have all announced that they're withdrawing their ministerial level delegations to the financial investment summit of davos in the desert as it's been dubbed citing that now is simply not the time for that level of engagement this was what french president emmanuel macron had to say. leafy. the facts we know today are mr g. extremely serious and worrying we expect to throw light on this matter we have had exchanges with saudi authorities to clarify all this but in the

include the french and dutch finance ministers and the british trade secretary international monetary fund's christine lagarde is also out as are c.e.o.'s of j.p. morgan chase and the blackstone group that's a u.s. based financial services company and media partners have also withdrawn including c.n.n. si in the sea the financial times the new york times and the los angeles times and france has suspended political visits to saudi arabia and other e.u. leaders have also voiced concerns joe hall has the latest from brussels. if there's been concern about a slow response by european nations at a political level to the alleged murder of jamal khashoggi well that may be changing britain france and the netherlands have all announced that they're withdrawing their ministerial level delegations to the financial investment summit of davos in the desert as it's been dubbed citing that now is simply not the time for that level of engagement this was what french president emmanuel macron had to say. leafy. the facts we know today are mr g. extremely serious and worrying we expect to throw light on this matter we have had

treasury secretary as we mentioned earlier the international monetary fund's christine lagarde is also out of the c.e.o.'s of j.p. morgan chase and the blackstone group a u.s. based private equity group that's been a big beneficiary of saudi funding a media partners have stepped back to among them c.n.n. c.n. b c the financial times the new york times and the los angeles times well even leaders have also voiced their concerns john the whole reports now from brussels. but there's been concern about a slow response by european nations at a political level to the alleged murder of demarco shoji well that may be changing britain france and the netherlands of all announced that they're withdrawing their ministerial level delegations so that financial investment summit all davus in the desert as it's been dubbed citing that now is simply not the time for that level of engagement this was what french president emmanuel macron had to say. liffey. the facts we know today are mr g. string the serious and worrying we expect to throw light on this matter we have had exchanges with saudi authoritie

india it's also slightly up for the day but down for the week yesterday the international monetary fund chief christine lagarde at the summit we told you about with the world bank earlier in the week the other day she said that india may have the brightest economic outlook of any nation on earth and moving to south africa they all share index they're also down for the week but slightly for the day and the prospects for south africa's trouble economy by the way may soon see a needed lift with the elevation of the nation's former respected central banker tito emboli me to the post the finance minister the european markets the french cac that we talk about a lot the. german dax and the foot sea do you k. all down for the day and down for the week moving over to the coal cat in colombia and that we also go to the brazil the best coal cap index was down for the weekend the day although the country see if some good news this week with a new economic growth projection of two point eight percent this year and three point six percent next year and of brazil brazil with both best put down for the week and even though th

the international monetary fund's managing director christine lagarde is pulled out of the major investment conference next week top politicians from the european union are also out there include the british trade secretary and the dutch and french finance ministers. dietrich animosity i will not go to rio next week the president of the republic has said it very clearly these facts are serious and we want to know the complete truth what's essential now is that the complete truth in full article note and showing on this affair with the saudi crown prince mohammed bin son mom has denied any knowledge of what happened but i learned that one of his bodyguards was allegedly in charge of the operation which involved fifteen men a transcript of an eleven minute audio recording from the saudi consulate in istanbul has been leaked to turkish media that reportedly suggest the shoji was attacked and killed inside the consulate and a shooting in afghanistan's southern province of kandahar has killed three government officials the local intelligence chief the police chief and the governor all dead three

international monetary fund. after that speech, i will have a conversation with christine lagarde. in the eleven o'clock our. we will type -- in the 11:00 hour. we will touch on indonesia and trade in argentina. this is bloomberg. ♪ taylor: this is "bloomberg surveillance." --hoosing crepe denmark's danske bank has removed the ceo for his role in worstin one of europe's bloody-minded -- worst money laundering scandals. aston martin has lowered the price range for its planned ipo in london this week. the british sports car maker made famous by james bond movies has cut the top end by about 11%. analysts had been skeptical it would reach its previous estimate. that is your bloomberg business flash. tom, francine? taylor: francine: thank you so much -- francine: thank you so much. ministeran finance will have to sell his budget proposal to his european counterparts this week. he is likely to face questions about the plan to set a 2.4% deficit target. markets have been spooked by the announcement. investors remain concerned over potential friction with the eu. john normand and janet he

the international monetary fund says its managing director christine lagarde has deferred a planned tripinvestment conference in saudi arabia. several senior executives from european and american banks and corporations have also withdrawn from the conference since the disapperance is journalist jamal khashoggi. ibm's turnaround plans are slow to bear fruit. the company reported worse than expected revenue in the third quarter of nearly $19 billion, mostly as a result of slowing software sales. ibm has been trying to refocus on cloud computing and analytic services as demand for hardware declines. the united states tops the list of most competitive countries. it's the first time in ten years that america has come first in the highly regarded world economic forum global survey. the us edged out switzerland and singapore because of its vibrant entrepreneurial culture and strong labour market and financial system. let's look at financial markets — and different mood in asia today. you can see hong kong up slightly. japan seeing a much stronger session. a lot of this is because of the earning

the latest being international monetary fund chief christine lagarde as leaders drop out in droves. u.s. secretary mnuchin is still slated to attend for now. we bring in jonathan schanzer for the foundation in defense of democracy. we are awaiting the outcome of multiple investigations. the turks claim they have all kinds of stuff, audio, video, but the president candidly spoke today in the u.s. of the conundrum he now faces. saudi arabia is an ally in the fight against iran. it made $100 billion deal to buy u.s. arms. yet moment by moment, we are hearing horrific word that columnist jamal khashoggi was dismembered in the saudi consulate offices in turkey. what does the president need to do? >> he is walking a fine line and it is not going to be an easy thing for him to do but leps going to have to try to figure out a meaningful punishment for the saudis that would not entirely rupture the relationship. it will place great strain on the relationship but not something that would kill it. one of the things that congress has already suggested is these global magnitsky sanctions. these

madame christine lagarde, managing director of the international monetary fund, lives and works at the intersection of these earth-shattering trends. with 189 member countries, under her leadership, the imf provides policy advice and financing to countries in economic crisis and works with developing nations to achieve macroeconomic stability and reduce poverty. among her charges and passions is helping to close the gender gap in finance and in work while confronting the emerging challenges of automation that risk imperiling women most. madame lagarde, welcome to "firing line." >> thank you so much. >> for those who are less familiar with the work of the imf, can you establish for our audience what the imf is and what it does? >> a teeny, tiny bit of history. back in 1944, leaders of the world, led in particular by the united states, decided that it was not worth having a third world war and decided that international financial stability was key in order to avoid that, and that development was a determining factor. so they established two institutions, called the international monetary

as the international monetary fund and world bank meetings were wrapping up over the weekend, christine lagardehead of the imf was asked if she would be going to riyadh. take a listen. human rights, freedom of information are essential rights, and horrifying things have been reported, and i am horrified. but i have to conduct the business of the imf in all corners of the world, and with many governments. and when i visit a country, i always speak my mind. you know me, i do. so at this point in time, my intention is to not change my plan, and to be very attentive to the information that's coming up in the information that's coming up in the next few days. christine lagarde of the imf. that meeting in bali ended with a renewed call for a multilateral approach to trade tensions and global development issues. another key concern was making sure the digital revolution that's happening everywhere in the world is accessable to everyone. this is an issue close to the heart of melinda gates, co—founder of the bill and melinda gates foundation. mrs gates told karishma vaswani that the answer is greater d

al-jazeera washington the head of the international monetary fund will not attend a major investment conference in saudi arabia later this month christine lagarde has postponed her trip to the middle east which was to include the meeting dubbed the davos in the desert just last week the guard had said she would attend the conference despite a put out by international companies and media groups over the disappearance of jamal khashoggi the u.s. treasury department has hit iran with with a new round of sanctions is accusing a faction of iran's military of recruiting child soldiers to fight the bashar al assad's regime in syria the latest u.s. measures primarily target the resistance force an arm of the revolutionary guard washington also impose sanctions on a network of businesses that it says were financing the machines including iran's militant bank as well as money foreign companies was in jordan reports from washington d.c. . the sanctions that are due to be re-imposed in november it would be the second tranche there was an initial reimposition of sanctions earlier in the year by the united states against iran after the trumpet ministration d

mike thank you mean all the head of the international monetary fund will not attend a major investment conference in saudi arabia later this month christine lagarde a trip to the middle east which was to include the meeting dubbed the doubles in the desert just last week the god hunt said she would attend the conference despite a put out by international companies and media groups over the disappearance of jamal khashoggi. chinese state media has released video of internment camps for weekend muslims in the western region of xinjiang despite international criticism the government has defended its treatment of the minority community it claims its rigid hating them so they can be part of a modern civilized world up to a million we goes up reportedly been put in these camps john brown has moved from beijing. well for months china's government has denied the existence of these camps but this week the government appears to have broken its silence on tuesday night state controlled t.v. aired a documentary showing conditions inside these camps it says they are not reeducation camps but simply vocational training centers where we girls get to learn new s

only last week christine lagarde the head of the international monetary fund said she was still going to saudi arabia even though she was horrified at the disappearance of jamal khashoggi now her office says her trip is being deferred jamie dimon the c.e.o. of j.p. morgan chase has also pulled out it's had eighty five years of business in saudi arabia and began by helping us oil firms start up there stephen schwartz one chief executive of blackstone isn't going either he said to have been one of the first western finance is to actively court crown prince mohammed bin salman bill ford of the ford motor company has pulled out two he's blaming a conflict ford was hoping to boost sales after saudi arabian women were allowed to drive. media companies including c n.b.c. financial times c.n.n. and the new york times have also withdrawn so have some banks including h.s.b.c. b.n.p. and so cities in iraq some countries have said they won't be sending trade delegations but it's important to remember this just because key individuals might not be going that doesn't guarantee their organizations o

al-jazeera washington the head of the international monetary fund has pulled out of a major investment conference be held in saudi arabia later this month christine lagarde is the latest big name from the finance business and media worlds to withdraw from the conference known as davos in the desert just last week la garde said that she planned to attend but was waiting for the details on the shot she's disappearance. several border crossings between syria and neighboring countries have reopened in recent weeks that seized two years of political and economic isolation for the country during a seven year civil war on monday at the crossing with jordan open for the first time in three years for decades that was a vital trade routes across syria between lebanon and jordan and this hopefully will benefit the lebanese economy let's go live that as a to huldah who's at the mass not crossing between syria and lebanon what's the importance of that particular crossings into. well adrian the reopening of the no see but border crossing this is a vital artery for commercial trade for all countries in the region and levanon included as you can see me that is behind me

the international monetary fund cut its forecast for global growth. managing director christine lagardened that trade wars and tighter credit are darkening the outlook. ago, i pointed to clouds on the risk -- on the horizon. it is not pouring, but there is a bit of a drizzle, because today some of the risks have begun to materialize. and indeed, there are signs that growth has plateaued. taylor: u.s. supreme court nominee brett kavanaugh is facing new questions about questionshavior after raised by a former gail classmate,-- yale who says he was frequently belligerent after drinking and said he lied under oath about his alcohol use. the death toll from that indonesian earthquake and tsunami has risen to more than 1200. the final figure could be in the thousands. there are fears some survivors may still be trapped in mudslides and collapsed buildings. global news 24 hours per day on air and on tictoc on twitter. this isor riggs, bloomberg. francine? francine: taylor, thank you so much. italy's attempt to sell a new budget to the eurozone ended in failure. finance minister, giovanni tria,

the head of the international monetary fund has become the latest leader to pull out of a major investment conference in saudi arabia. christine lagardeom european and american banks and business leaders have also withdrawn their participation in the event since the disapperance of prominent journalist jamal khashoggi. us president donald trump has escalated his war of words against america's central bank, calling the federal reserve his "biggest threat". the remarks were made during an interview with us media outlet fox and renews the president's repeated criticism of the fed for its decision to raise interest rates. the us trade representative's office told congress on tuesday it intends to open trade talks with the european union, the united kingdom and japan. under fast—track rules, the united states cannot start talks with the eu, japan and the united kingdom until 90 days after notifying congress. fantastic. thank flybe's shares are down some 27% today in london, it has issued a profit warning blaming weak demand, a weaker pound, and higherfuel prices, the perfect storm for flybe, a lot of that is to do with brexit of course and

will the head of the international monetary fund is the latest big name to withdraw from the saudi conference knobbed dubbed divorce in the desert christine lagarde is postponing her trip to the middle east which was due to include the meeting of major investors in riyadh later this month a god has said that she's horrified. she's disappearance well on his visits to riyadh mike pompei o the u.s. secretary of state said that saudi leaders told him a thorough transparent untimely investigation would be carried out in the disappearance some senators though in the u.s. are skeptical about whether that will be allowed to happen my camera reports from washington. mike pompei you held meetings throughout the day speaking to the king the crown prince as well as the foreign minister he came away with saudi denials and the pledge that a credible investigation is already underway they made a commitment to to hold anyone connected to any wrongdoing that may be found accountable for that whether they are a senior officer official they promised accountability for each of those persons whom they determine as a result of their investigation as did deserves accou

only last week christine lagarde the head of the international monetary fund said she was still going to saudi arabia even though she was horrified at the disappearance of jamal khashoggi now her office says her trip is being deferred jamie dimon the c.e.o. of j.p. morgan chase has also pulled out it's had eighty five years of business in saudi arabia and began by helping us oil firms start up their stephen schwartz one chief executive of blackstone isn't going either he said to have been one of the first western finance is to actively court crown prince mohammed bin salman bill ford of the ford motor company has pulled out two he's blaming a conflict ford was hoping to boost sales after saudi arabian women were allowed to drive. media companies including c n.b.c. financial times c.n.n. and the new york times have also withdrawn so have some banks including h.s.b.c. b.n.p. and so cities in iraq some countries have said they won't be sending trade delegations but it's important to remember this just because key individuals might not be going that doesn't guarantee their organizations o

that international monetary fund will not attend a major investment conference in saudi arabia planned for later this month. christine lagarde has postponed her trip to the middle east which would have included going to the meeting davos in the desert just last week with art had said she'd attend the conference even as other company executives and media organizations pulled out following the disappearance of jamal. head of the news hour including. some countries around the e.u. are already preparing for the worst. the standoff between anglophones and francophones and cameron takes a violent turn. fifty years on we hear from two of the athletes involved in one of the sport's most iconic moments. this treasury department with a new round of sanctions it accuses a faction of iran's military of recruiting child soldiers to fight for bashar al assad's regime in syria the sanctions primarily target the resistance force an arm of the revolutionary guard washington also impose sanctions on a network of businesses that it says were financing the including iran's malott bank as well as manufacturing companies. in washington d.c. . the

fifteen days ago well ahead of the international monetary fund is the latest big name to pull out of the saudi conference dubbed davos in the desert as christine lagarde is perspiring her trip to the middle east which was due to include the meeting of major investors in riyadh later this month the goddess said that she's horrified by the short g.'s disappearance a twenty five year old palestinian man has been killed and three others injured after israeli forces launched airstrikes on gaza the israeli military says that it was targeting suspected hamas positions after rockets were fired into southern israel from gaza israel's defense minister ordered the closure of the as and abu salam crossings following the attacks. russia's president vladimir putin is holding emergency meetings after an explosion of a college in crimea russia's antiterrorist agency says that at least ten people were killed but the investigation is still at an early stage it says the blast was triggered by an explosive device a bomb attack in afghanistan has killed another candidate in saturday's election the blast was in the southern province of helmand at least ten candidates have

time a number of people are sending regrets to the royal kingdom, the latest christine lagarde from the international monetary funds who of people who are supposed to show who are not going to show now. what do you think? >> well, that's right. i think the saudi investment conference outlook isn't particularly rosy at this time. with christine lagarde's withdrawal, it's just the latest from major financial institutions, also a lot of investment banks, financial firms have withdrawn from this conference. it isn't clear whether steve mnuchin, treasury secretary, will attend or not. i think that decision will be made later this week by the white house. certainly, this is a very bad time in terms of the image of saudi arabia on the world stage. although it has to be said we don't have, as you pointed out earlier, all of the facts here. we don't have the audio evidence yet released by turkey, and i think -- neil: i'm sorry, who does? i get disputing reports about others who might have seen this or what but everything is traceable to turkey. they have it. they say they have it. apparently they're not sharing it. but may

zira washington head of the international monetary fund has pulled out of a major investment conference to be held in saudi arabia later this month christine lagarde is the latest big name from the finance business and media world to withdraw from the conference known as davos in the deserts last week god said that she would attend the conference but said that she was horrified by reports that she'd heard of a disappearance well as the world's attention focuses on what actions the saudi leadership may have ordered in istanbul more questions being raised about the impact of decisions made in riyadh across the world despite thousands of civilian deaths in yemen the saudi led coalition's war in the country has received little international attention now though it seems the khashoggi case is changing that has our diplomatic editor james bays. it has the worst humanitarian situation on earth with the u.n. warning that yemen could soon face a full scale from. zeus' it led a military intervention in its southern neighbor three and a half years ago saudi arabia and its allies who breached the basic rules of war civilians have been repeatedly targeted with

the head of the international monetary fund has become the latest name to pull out of a major investment conference in saudi arabia later this month the i.m.f. says that christine lagarde is deferring her middle east trip which was to have included her attendance at the event dubbed davos in the desert. one palestinian has been killed three others injured after israeli forces launched airstrikes on gaza israeli military says that it was targeting a group firing rockets israel's defense minister ordered the closure of the edges and chem abu salam crossings following the attacks in which three people injured. chinese state media has released video of internment camps for weaker muslims in the western province of shin journey despite international criticism the government has defended its treatment of the minority group it claims that it's really educating people so that they can be part of a modern civilized world up to a million weekers of reportedly been detained in the camps and election candidates has been killed in a bomb attack in afghanistan as violence threatens to disrupt saturday's elections the blast happened in the southern province of helmand at least ten ca

the international monetary fund is poised to cut its forecast for global growth. speaking in an exclusive interview with bloomberg, christine lagarderade wars and tighter credit are dousing the outlook. ms. lagarde: six months ago i pointed to clouds of risk on the horizon. -- pouring, but there is a bit of a drizzle because today some of the risks have begun to materialize and indeed, there are signs that growth has plateaued. u.k. prime esther theresa may as per up a to make a significant new brexit offer to the european union in an attempt to open the door to a deal. according to a senior british government official am a they performk on how to customs checks on the border between the u.k. and ireland. reachingsee a path to an agreement. the brexit secretary said the comments were speculation. global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg at top . generally negative session for markets in asia but check out the nikkei closing higher by .1 of 1%. holding onto those 27 year highs that were rea

jess: the international monetary fund has cut its forecast for global growth on signs of trade wars darkening the outlook. three months after discussing near 4% expansion, christine lagarde says she is no longer so optimistic. the fund will update its world economic outlook next week ahead of its annual meeting. she says her warnings earlier this year are coming true. christine lagarde: six months ago, i pointed to clouds of risk on the horizon. it is not pouring, but there is a bit of a drizzle, because today some of the risks have begun to materialize, and, in deed, there are signs that growth has plateaued. italy's attempt to sell a new budget to the eurozone ended in failure in brussels. the finance minister hoped to win acceptance for a substantial increase in the budget deficit, but one -- won little backing from his peers. the economic commissioner, p or moscovici,- pierre says the plans break regulations. an important new brexit concession. sources inside the government tell us it covers the so-called backstop and ensures an open irish border. the u.k. would back down on goods moving between the british mainland and northern ireland. >> some people say that no de

international monetary fund is poised to cut its forecast for global growth. speaking in an exclusive interview with bloomberg, the managing director christine lagarde ward thatrade wars and darkening -- and credit are docketing the outlook. ms. lagarde: six months ago i pointed to clouds of risk on the ring,on but it is not pou but there is a bit of a drizzle. some of the risks today have become an -- begun to materialize and they are signs that growth has plateaued. theresa may is preparing to make a significant new brexit offer to the european union in an attempt to open the door to a deal. according to a senior british divorcedt officials talks of stuck on the question of how to meet the needs of police and custom checks but the british side sees a path to reaching an agreement. the brexit secretary said the comments were speculation. global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. thanks ray much, juliette saly in singapore. some lines on the italy story, the deputy premised are giving radioomments on rtl talking about the italian budget seeing t

international fund says abenomics needs a revamp. christine lagarde said japanese inflation remains subdued, household income is stagnant and monetary policies stretched. shinzo abe launched the program six years ago, saying he would launch arrows at the slumbering economy. it has achieved much, but more needs to be done. the reserve bank of india may raise its rate 25 basis points on friday. dollar-rupee fell with innomists expecting a hike the hold. the r.b.i. needs to step up bond purchases to tackle liquidity deficit that could balloon as much as $7.3 billion. okinawa is bracing for a late-season storm that threatens south korea. the typhoon is approaching with heavy rain and wind gusting to 180 kilometers an hour. some parts of okinawa and other islands have felt the storm, and many flights were canceled at the main airport in the city. it will pass west and continue north to korea. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jenna dagenhart. this is bloomberg. shery: a positive outlook on asia. we will find out why the bank of