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China Demands Trump Disarm, Global Recovery, Delhi Smog: Eco Day

China Demands Trump Disarm, Global Recovery, Delhi Smog: Eco Day

(Bloomberg) -- Welcome to Wednesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • China is setting its price for signing an interim trade deal with the U.S.: drop the tariffs. The question is whether Donald Trump will pay it. Trade between the two economies nosedived in September after Trump escalated protectionist measures
  • The worst may be over for the world economy’s deepest slowdown in a decade
  • Business travelers and tourists are avoiding New Delhi, as air pollution in India’s capital reached record levels
  • Indonesia isn’t benefiting the way it should from trade war tensions and with demographics that could be a ticking time bomb, the stakes are high for this to be turned around
  • Thailand’s battle to keep its surging currency at bay is increasing the odds of a second interest-rate cut this year
  • Dallas Fed chief Robert Kaplan is taking comfort from the recent steepening in the yield curve and sees it as a sign that policy is in the right place
  • Midwestern states that were key to Trump‘s victory in 2016 are likely to see an economic downturn early next year that could affect his re-election chances
  • Recent labor-market data decisively dispel any notion of a near-term downturn in U.S. growth, writes Yelena Shulyatyeva
  • New Zealand unemployment increased more than economists expected in the third quarter as hiring and wage growth slowed
  • Haruhiko Kuroda has stepped into the global debate on the need for governments to do more heavy lifting to support their economies, saying that the ultra-low rate environment created by Japan’s central bank makes fiscal spending more powerful
  • The answer to renewable energy’s biggest challenge is emerging in the Australian outback

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, Jason Clenfield

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