ADVERTISEMENT
China Retaliates, Whither the Yuan, BOJ Could Stand Pat: Eco Day
China confirmed it will impose 25 percent tariffs on an additional $16 billion of U.S. imports from Aug. 23.
09 Aug 2018, 02:14 PM IST
(Bloomberg) -- Good morning, Asia. Here’s the latest news from Bloomberg Economics:
- China confirmed it will impose 25 percent tariffs on an additional $16 billion of U.S. imports from Aug. 23, matching an earlier move from Washington
- The outlook for China’s currency eventually comes down to economic data -- and those aren’t looking quite as grim as the trade war headlines would suggest
- Economists now see a lower chance of any further changes to Bank of Japan monetary policy through the 2019 calendar year
- Almost every prescription for Turkey to rescue its financial markets from meltdown, and its economy from recession, involves the president backing down. He’s not very good at that
- The U.S. should follow through on gradually raising interest rates to more normal levels, says Richmond Fed chief Thomas Barkin
- New Zealand’s central bank said it expects to keep interest rates at a record low for another two years as the outlook for growth weakens
- The U.S. announced new sanctions on Russia for the March nerve-agent attack in the U.K. The ruble tanked
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.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT