Trump's Korea Deal, Rupiah Evokes '98, Lehman Lessons: Eco Day

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

  • What have we learned 10 years after Lehman? Not enough, warns IMF Managing Director Christine Lagarde
  • President Donald Trump said he has finished negotiating a new trade deal with South Korea and may sign it this month; he also said Nafta talks with Canada may progress within days
  • As Indonesia’s currency plunges amid emerging-market turmoil, the 15,000-rupiah world of 2018 looks quite different from that of two decades ago
  • The Philippine central bank plans to gradually bolster its foreign-exchange reserves, its deputy governor said in an interview
  • New Zealand’s construction industry has slowed to a crawl as the Christchurch earthquake rebuild winds down
  • The U.S. trade deficit widened in July by the most in three years and the gap with China hit a record

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