Fed Inflation-Link, U.S.’s Bailout List, Dire Thailand: Eco Day
(Bloomberg) -- Welcome to Tuesday, Asia. Here's the latest news and analysis from Bloomberg Economics to help you start the day:
- Jerome Powell isn't “even thinking about thinking about” raising interest rates, but investors still wonder what it would take for the Fed chair to take his foot off the gas. It seems to be inflation
- Big-name law firms, religious organizations and companies connected to President Donald Trump and other politicians were among the thousands of loan recipients that took part in the federal government's largest coronavirus relief program
- Thailand has been cited as a success story in containing the coronavirus, having gone more than 40 days without any local transmission. Yet its economic outlook is the darkest in Asia
- China warned the U.K. it will face “consequences” if it chooses to be a “hostile partner” after it emerged Prime Minister Boris Johnson is preparing to phase out Huawei in Britain's 5G networks. The move reaffirmed the U.K.'s collision course with Beijing and Moscow as it seeks to establish its place in the world after Brexit
- The Bank of Israel said it plans to purchase corporate debt for the first time as a new surge in Covid-19 cases stalks the economy
- Indonesia's central bank agreed to buy billions of dollars of sovereign bonds directly from the government to help it finance the fiscal response to the coronavirus pandemic
- Malaysia is set to cut its benchmark interest rate to its lowest level on record as it seeks to support the reopening economy amid soaring unemployment and the threat of recession
- Europe is leading and the U.S. is lagging, Bjorn van Roye finds in a survey of alternative indicators
- New Zealand's government will limit the number of citizens flying home to reduce pressure on its overflowing quarantine facilities
- In Indonesia, locals can soon fly from Jakarta to the beaches of Bali for a domestic vacation. Tokyo residents can escape the pandemic stress with a hike up Mount Fuji, and New Yorkers can head to the Hamptons on Long Island. Residents of Singapore, a city-state smaller than New York City, have few such options
- India's coronavirus epidemic became the third biggest in the world as infections surged after the nation eased containment measures to reverse an economic collapse that has left millions destitute
©2020 Bloomberg L.P.
-
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.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
