Bloomberg Taiwan proposed raising its total spending on the military by almost 14% next year, contributing to what’s expected to be a record increase in the government’s budget as it bolsters its defenses from a surge in Chinese military activity. The cabinet signed off on spending plans for 2023 at its weekly meeting Thursday. At a briefing in Taipei, ...

  Bloomberg President Jair Bolsonaro’s ability to further gain ground with voters less than six weeks before Brazil’s election depends largely on the impact of economic relief measures and his ability to moderate his rhetoric, according to leading pollster Ipec. Approval of Bolsonaro’s administration has been slowly but surely improving this year and now stands close to 30% — a ...

  Bloomberg Bank Indonesia is undertaking its own version of Operation Twist, selling short-term notes and buying up longer ones, which it says will shore up the rupiah by bringing in foreign inflows. Indonesia’s central bank will sell off shorter-tenor government bonds to boost their yield differential over US rates and attract foreign inflows that would help underpin the currency, ...