Disinflation Out to Horizon, PBOC Fixit, Hottest Bonds: Eco Day
(Bloomberg) -- Welcome to Wednesday, Asia. Here's the latest news and analysis from Bloomberg Economics to help you start the day:
- In the U.S., it's disinflation for as far as the eye can see, writes Carl Riccadonna
- China's central bank is trying to fix the persistent problem of poor access to credit by small companies. Meantime, PBOC No. 2 Pan Gongsheng said the temporary loan-purchase plan announced Monday won't undermine any need to cut reserve ratios or interest rates
- The RBA's refusal to entertain the prospect of negative interest rates is making Australia a hot destination for global bond managers
- Steven Weinstein raised his first-quarter revenue expectations for Wayfair Inc. after scouring credit and debit card information from millions of Americans
- The Trump administration is starting investigations into digital services taxes considered by several trading partners from the EU to India that could lead to tariffs being imposed
- Almost one-third of unemployment benefits estimated to be owed to the millions of Americans who lost their jobs haven't been paid yet
- Chancellor Angela Merkel failed to broker a deal on a stimulus package, delaying plans to spend as much as 100 billion euros ($110 billion) to reinvigorate Germany's faltering economy
- The threat of a no-deal Brexit is back -- and with it the risk that the U.K. economy's shaky recovery will be hobbled
- Stephen Poloz will likely keep the Bank of Canada's powder dry in his final policy decision, leaving the central bank's next steps in the hands of incoming governor Tiff Macklem
- Turkish policy makers are pumping money into the economy at the fastest pace in over a decade, risking a weaker currency and stoking inflation
- Finland's government decided on more stimulus for the economy and pushed back its goal to halt debt growth
- Coordination among Asian nations is key to steering the global economy toward recovery from the coronavirus crisis, according to former senior government officials and academics
©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.
