Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From May 06, 2019

RBA Could Cut, Trump China Threat, `Tone Deaf' Powell: Eco Day

RBA Could Cut, Trump China Threat, `Tone Deaf' Powell: Eco Day

(Bloomberg) -- Welcome to Monday, Asia. Here's the latest news and analysis from Bloomberg Economics to help get your day started:

  • For the first time since Philip Lowe took the helm of Australia's central bank in 2016 there's a real chance he may cut interest rates, making him the first in the developed world to do so this cycle
  • President Donald Trump ramped up pressure on China to finalize a trade deal during talks in Washington this week by threatening to more than double tariffs on $200 billion of the Asian nation's sales to the world's largest economy, and impose new import taxes
  • Federal Reserve Chairman Jerome Powell, who pledged early in his tenure to speak in “plain English” and improve the central bank's public communications, is finding it tough to deliver a clear message
  • Singapore is making “good progress” and has “promising leads” on brokering much-needed infrastructure projects across Southeast Asia, a senior official said
  • Indonesia's economy probably maintained momentum in the first quarter, helped by solid spending that was further boosted as elections were held across the country

To contact the reporter on this story: Chris Bourke in Sydney at cbourke4@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Tracy Withers

©2019 Bloomberg L.P.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com