International News

Bloomberg Federal Reserve Chairman Jerome Powell said the US economy is in a favourable place but faces “significant risks,” reinforcing bets for another interest-rate cut next month though the remarks failed to mollify President Donald Trump. “Trade policy uncertainty seems to be playing a role in the global slowdown and in weak manufacturing and capital spending in the United States,” ...

Bloomberg Neil Woodford has raised at least $796 million by selling listed assets held in his frozen flagship fund, as he prepares for a potential line of clients yanking their money when the fund reopens. The embattled stock picker shocked the financial world in early June by halting withdrawals from his LF Woodford Equity Income Fund after a run of ...

Bloomberg A decision to close Europe’s biggest natural gas field is starting to raise concerns about the impact on the region’s biggest trading hub for the fuel. The Dutch Title Transfer Facility has grown into Europe’s largest gas market in the past few years, surpassing the UK, partly because of the scale of flows converging in the Netherlands. A plan ...

Bloomberg India rolled back an additional levy on foreign funds and announced a raft of measures to boost economic growth from a five-year low. The enhanced surcharge on long and short-term capital gains has been withdrawn, Finance Minister Nirmala Sitharaman said in New Delhi. She also announced an immediate infusion of 700 billion rupees ($9.8 billion) set aside in the ...

Bloomberg Taiwan registered stronger industrial production than even the most bullish economist’s forecast as companies benefited from increased US orders and burgeoning demand for 5G smartphones. Factory output rose 3% in July, compared with estimates for a 0.6% contraction, according to data released by Taiwan’s economics ministry. The ministry said output represented a record high for the month of July. ...

Bloomberg Indonesia’s government extended the suspension of mobile-data services in Papua and West Papua provinces after riots broke out in the region, the country’s cabinet secretariat said, citing the Communications and Information Ministry. The ministry cited a high volume of hoaxes, false information, racial and provocative messages being distributed in the area as the reason for the suspension. The ministry ...

Bloomberg Thai officials glimpse a silver lining in the US-China trade war as companies such as Sony Corp. move production to Southeast Asia’s second-largest economy. At least 10 firms are in the process of relocating some production to Thailand from China, according to the National Economic & Social Development Council. More than a dozen others could potentially choose Thailand, it ...

Bloomberg The US and Japan agreed on a broad framework for a trade deal that will keep US tariffs on Japanese automobiles in place for now, while removing barriers to beef exports to Japan, Japanese media reported. Robert Lighthizer, the US Trade Representative, and Japan Economy Minister Toshimitsu Motegi reached an agreement in Washington, the Nikkei and Kyodo News reported, ...

Bloomberg The US is politicising the issue of illicit Chinese exports of fentanyl and using it as a weapon against China, said country’s narcotics regulator. Liu Yuejin, deputy head of China’s National Narcotics Control Commission, rebutted accusations from the US that China is not doing enough to curb the flow of fentanyl beyond its borders. Some American politicians “are up-ending ...

Bloomberg President Donald Trump escalated the trade war with China and moved further away from a deal to resolve frictions, announcing a wave of higher tariffs even as he prepared to set off for a gathering of world leaders. In an announcement, tweeted after major indices on Wall Street sank, Trump said existing 25% tariffs on some $250 billion in ...