International News

Bloomberg Slowing the pace of climate change in line with the Paris Agreement has clear economic benefits as global warming is increasingly seen as a risk to financial stability and the economy. Abiding by the Paris Agreement and limiting annual average temperature increases to 0.01 degree celsius reduces global income by 1.07% by 2100. That compares with a 7.22% hit ...

Bloomberg Support for free trade among Americans is on the rise, as backing for President Donald Trump — the self-described “Tariff Man” — dips to its lowest level in more than a year, an NBC-Wall Street Journal poll showed. Almost two-thirds — 64% — see free trade as good for the US, an all-time high for the survey series. Support ...

Bloomberg If the lament over a shrinking equity market has been momentarily drowned out in US by opening bells rung by red-hot debutantes, it’s only gotten louder on this side of Atlantic. Eighty-four companies have listed in Europe this year, the fewest in a decade by a mile, according to data compiled by Bloomberg. By deal value, it’s the lowest ...

Bloomberg Australian pension fund First State Super is on a hiring spree as it seeks to more than double in size to A$200 billion ($136 billion) within next four years. The Sydney-based firm’s investment team will grow to more than 100 people from 80 by 2022 as it builds out in-house expertise across equities, fixed income, infrastructure and direct lending, ...

Bloomberg Hong Kong demonstrators will need to look beyond mainland China for supplies of protest gear that’s defined the look of the movement. Queries on Chinese e-commerce portals such as Alibaba Group Holding Ltd.’s Taobao for umbrellas, masks and helmets would return the searches as “item not found” for buyers based in Hong Kong, while those on the mainland had ...

Bloomberg The playing field in India’s rapidly expanding market for digital payments is poised to get more crowded as the country races to catch up with China in squeezing out the use of cash, according to the head of the South Asian nation’s payments network. That means Indians will continue to face a bewildering array of payments apps provided by ...

Bloomberg China banned six people linked to a $4.3 billion scandal at one of the country’s biggest listed drug makers from participating in the securities industry. The financial reporting fraud at Kangmei Pharmaceutical Co. was “premeditated, organised, long-term and systematic,” the China Securities Regulatory Commission (CSRC) said in a statement. Kangmei Pharmaceutical said in May it overstated its cash positions ...

Bloomberg Indonesian President Joko Widodo proposed record government spending next year to drive the economy to its quickest projected growth in seven years, counting on stimulus and investment to overcome risks from a global slowdown and escalating trade war. Southeast Asia’s largest economy is forecast to grow 5.3% next year, the fastest pace since 2013, the president said in his ...

Bloomberg There are sell-offs and there are sell-offs. But what occurred in Argentina is on a scale of its own. The local stock market tanked 45% in dollar terms and bond prices tumbled 34% after a surprise in the primary election on August 11 that was widely seen as foretelling a victory for the opposition populists when the presidential vote ...

Bloomberg A key deadline is set to lapse on Monday that could lead to permanent US tariffs on Mexican tomato imports, with costs potentially hitting American consumers when the weather turns cold later this year. As of last week, the two sides had failed to reach an agreement to end an anti-dumping investigation over Mexican tomato imports and lift a ...