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U.S.-China Truce, Malaysia's High Five, Fed EM Fallout: Eco Day
U.S.-China Truce, Malaysia's High Five, Fed EM Fallout: Eco Day
21 May 2018, 01:47 PM IST
(Bloomberg) -- Welcome to Monday, Asia. Here’s news from Bloomberg Economics to help get your week started:
(Bloomberg) -- Welcome to Monday, Asia. Here’s news from Bloomberg Economics to help get your week started:
- The newly-declared economic truce between the U.S. and China will prove temporary if they fail to deliver on vague commitments to rebalance trade
- A German industry leader says Europe should think twice before offering concessions to President Trump, while Tamara Henderson reckons Asean nations’ growth is likely to suffer from a narrower U.S. deficit
- Malaysia’s 92-year-old Prime Minister Mahathir Mohamad has appointed a team of five “eminent” advisers to help him meet his 100-day campaign pledges
- Abhishek Gupta notes that despite Indian interest rates rising across a wide spectrum of maturities, the RBI seems unconcerned, even as its hawkish bias adds fuel to the fire. Tom Orlik ponders whether a breakout for U.S. rates could mean a breakdown for emerging markets
- Bank of England chief Mark Carney is in the spotlight this week as he struggles with communication, particularly concerning financial markets. In London, a housing slump is deepening as Brexit clouds the outlook
- In Moscow, President Vladimir Putin is sticking with economic officials who confronted the nation’s devastating 1998 debt default
- Noah Smith argues resentment of “crazy-rich” Americans isn’t just envy
To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net
To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Chris Bourke
©2018 Bloomberg L.P.
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