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Abe keeps core economic team

Bloomberg Japanese Prime Minister Shinzo Abe kept his economic team including Finance Minister Taro Aso and added several first-time cabinet members in a reshuffle following his election last month to a third-straight term as ruling party leader. The Japanese prime minister, who’s in position to become Japan’s longest-serving premier, has said he would prioritize a divisive effort to change the ...

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Rupiah weakens past 15,000 per dollar

Bloomberg Indonesia’s rupiah weakened past 15,000 per dollar for the first time in 20 years as sentiment towards emerging-nation assets soured and oil prices jumped. The currency has tumbled almost 10 percent this year as rising US interest rates have boosted the dollar and Indonesia’s current-account deficit has left the economy exposed to the financial turmoil that afflicted Turkey and ...

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New Nafta deal: Trump opens door to metal tariff accord

Bloomberg With a Nafta deal on the table — and a bullet dodged for the auto sector — the clock is ticking for the next key trade talks for Canada’s steel and aluminum industries. After a marathon weekend of discussions, negotiators secured a deal to replace the 24-year-old Nafta agreement just before the deadline. However, the steel and aluminum tariffs ...

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