China Trade Concessions, Crude Impact, May Brexit Chaos: Eco Day

(Bloomberg) -- Happy Friday, Asia. Here’s the latest news from Bloomberg Economics:

  • Chinese officials have outlined a series of potential concessions to the Trump administration as they continue to try to resolve a trade war
  • The U.S. still plans to raise tariffs on Chinese imports in January with President Donald Trump and China’s Xi Jinping likely at best to agree to a “framework” for further talks, Commerce Secretary Wilbur Ross said
  • Here’s a “crude estimate” of economic winners and losers from the 26 percent plunge in oil prices from early October to mid-November. Europeans fretting about Brexit or Italy’s budget crisis can take some comfort from oil’s slump in energy prices, the ECB’s chief economist says
  • Is Theresa May’s time finally up? She doesn’t think so. But the pro-Brexit hardliners have finally mobilized after veiled threats and dark warnings
  • Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank should proceed cautiously with additional interest-rate hikes. The Fed also said it will conduct a wide-ranging and public review next year
  • Americans are still shopping -- just not at the gangbusters pace seen earlier in the year
  • Up in Canada, the once-lofty housing market is achieving a best-case soft landing as policy makers try to cool things without triggering a collapse
  • The U.S. sanctioned 17 Saudi officials over the death of Jamal Khashoggi, as the White House seeks to quell international outrage over his killing while preserving a key relationship in the Middle East
  • Argentina consumer-price growth accelerated to 45.9% in October

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