U.S. Growth View, China Boosts Cash, Trump Vows Tax Cut: Eco Day

(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news from Bloomberg Economics:

Despite a slump in equities and gains in the dollar, few economists are concerned that broad financial conditions will strangle the second longest U.S. expansion on record
China announced fresh measures to ease the funding strains of private companies, as top officials seek to restore confidence in the world’s second-largest economy
President Donald Trump said Congress will vote on a new tax cut for middle-class Americans after the midterm elections, even though Republican lawmakers say they have no such legislation in the works
Italy’s populist government told the EU that it’s willing to temper its budget for next year, but needs to break deficit rules to help out its poorest citizens
Indonesia’s central bank may be ready to hit the pause button after five interest-rate hikes and measures to curb the current-account deficit start to pay off
The opening of the world’s longest bridge is another step in China’s project to bring Hong Kong back into its bosom

GET REGULAR UPDATES