Asia's Fastest Spender, India Exports, Goldman on Hikes: Eco Day

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

  • India will focus on boosting its exports to the U.S. and other global markets as Chinese shipments become unattractive amid a trade war between the world’s biggest economies -- even as China seeks to sweeten its ties with India
  • The Philippines is boosting spending the most among governments in Asia, shielding the economy from global trade tensions and an emerging-market rout, but also straining the nation’s budget deficit
  • Theresa May staked her authority on a campaign to persuade Parliament against the odds to endorse her Brexit deal, as she refused to rule out quitting as U.K. prime minister if she fails
  • See how Indonesia’s tax windfall is helping curb the budget deficit
  • Italy’s Deputy Premier Matteo Salvini signaled a new openness to change the budget deficit target for next year
  • How would markets respond to surprise rate hikes from the Federal Reserve? Goldman Sachs has some answers

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