China Pausing Purchases, India Rating Cut, PBOC Credit: Eco Day
(Bloomberg) -- Welcome to Tuesday, Asia. Here's the latest news and analysis from Bloomberg Economics to help you start the day:
- Chinese government officials told major state-run agricultural companies to pause purchases of some American farm goods as Beijing evaluates the escalation of tensions with the U.S. over Hong Kong. Chang Shu looks at the potential implications
- India's credit rating was cut to the lowest investment grade by Moody's Investors Service, citing policy challenges in addressing a prolonged slowdown and the deteriorating fiscal position
- China's central bank said it will temporarily purchase loans made to small businesses from some local banks
- ‘New era' for Japan-China relations has turned sour, as the U.S. standoff with Beijing leaves Prime Minister Shinzo Abe stuck between his country's biggest trading partner and its sole military ally
- If the markets are any judge, President Donald Trump's vow of “meaningful” action to strip some of Hong Kong's trade privileges has so far proved underwhelming
- Indonesia is pushing ahead to reopen its economy amid a surge in coronavirus infections, with the government seeking to minimize job losses and the threat of social unrest
- New Zealand could remove most of its remaining restrictions as soon as next week after successfully wiping out the coronavirus
- More economists are catching up to traders in expecting the BOE to lower interest rates below zero. Boris Johnson plans to re-set his government's agenda with a major speech and a financial statement
- China's digital currency could challenge bitcoin and even the dollar
- Australia's water crisis is a warning to the rest of the world
©2020 Bloomberg L.P.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
