Turkey Aid, Aussie Whipping Boy, American Food Frenzy: Eco Day

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

  • The U.S. and Turkey remain locked in a stalemate that has jolted global markets, though President Recep Tayyip Erdogan has received a financial lifeline from Qatar. Angela Merkel is also reminding Erdogan that he has a potential ally in Berlin
  • Investors have brushed aside Australia’s world-beating economic growth to make its currency the whipping boy of the trade war
  • Meanwhile, the trade pact that the Trump administration renegotiated with South Korea this year is in jeopardy; and here are five sticking points preventing a Trump-Xi trade deal
  • Spending at U.S. restaurants surged over the past three months by the most on record, making it both a bright spot for the economy and a risk if appetites return to normal
  • Thailand is playing it cool as Turkey stokes emerging-market heat; indeed, emerging-market central banks are winning plaudits for their ability to withstand shocks
  • China’s patent grab raises the states for Japan and the U.S., argues Yuki Masujima

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