January, 2020

• 26 January

  Trump caught on tape saying ‘get rid of’ US envoy in 2018

  

  Bloomberg President Donald Trump was recorded during a private meeting in April 2018 saying that the US should “get rid of” then-US ambassador to Ukraine Marie Yovanovitch, according to a video provided by an attorney for Lev Parnas, an associate of the president’s personal lawyer Rudy Giuliani. The iPhone video, which is more than an hour long, shows Trump walking ...

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• 26 January

  China warns deadly virus spreading fast

  

  Bloomberg California became the third US state to confirm an infection from the novel coronavirus as China said the pneumonia-like illness is spreading more quickly. The person, who travelled from the Chinese city of Wuhan, is in isolation in a local hospital and in good condition, according to a statement from the Orange County Health Care Agency’s Communicable Disease Control ...

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• 26 January

  Modi’s nationalism masks a bad economy, say protesters

  

  Bloomberg Through some of the coldest nights in a century, the students of New Delhi gathered outside the city’s police headquarters. They chanted anti-government slogans, recited Pakistani resistance poets, and flashed witty posters to make a stand against a new citizenship law that excludes Muslims. As the confrontations continue across the country, though, they’ve morphed into a wider protest against ...

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• 26 January

  Salvini is masterminding his comeback

  

  Bloomberg Cultivating an image of just another average guy has served Matteo Salvini well, turning the leader of what used to be a fringe nationalist party into Italy’s most prominent politician, the chief opponent of immigrants and Brussels interference. Mobbed wherever he goes, few dispute he will one day become the country’s PM. That, though, is for public consumption and ...

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• 26 January

  HK police fire tear gas to disperse protesters

  

  Bloomberg Hong Kong police fired tear gas to disperse a crowd of protesters who gathered in the crowded shopping hub of Mong Kok at the site of a 2016 protest that marked a violent turn by the city’s pro-democracy movement. Police said in a statement a large crowd had formed and “some rioters blocked roads with miscellaneous objects and trash,” ...

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• 26 January

  Kim’s aunt makes her first public appearance in 6 years

  Bloomberg North Korean leader Kim Jong-un’s aunt, Kim Kyong Hui, appeared in state media on Sunday, the first time she has been seen in public since her husband Jang Song Thaek was executed in 2013. The 73-year-old sat two seats away from her nephew, according to a photo by Korean Central News Agency. The leader’s sister, Kim Yo Jong, and ...

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• 26 January

  Fed seen holding rates steady, ending bill purchases by June

  

  Bloomberg Federal Reserve policy makers will keep interest rates on hold this year and next, and will wind up their efforts to boost excess bank reserves by June, economists said in a Bloomberg survey. In the January 21-23 poll, the mean forecast from 28 respondents predicted no move in the federal funds rate until at least 2022, the same as ...

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• 26 January

  Nordic Banks heading into the darkest phase of negative rate cycle

  

  Bloomberg If you want to know what long-term negative interest rates are doing to banks, watch Denmark in the coming months. Danes have lived with subzero rates longer than anyone else, after the central bank resorted to the policy in 2012 to defend its currency peg. But according to the country’s financial watchdog, it’s only now that the real cost ...

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• 26 January

  SBI chief says Yes Bank won’t be allowed to fail

  

  Bloomberg The head of India’s biggest lender said he’s certain “some solutions will emerge” to steady Yes Bank Ltd, which has been on a prolonged quest to raise new capital. “Yes Bank is a significant player in the market with an almost $40 billion balance sheet,” State Bank of India (SBI) Chairman Rajnish Kumar told Bloomberg Television in Davos. “I ...

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• 26 January

  India needs foreign capital to fund record borrowing: IDFC

  

  Bloomberg A bond fund manager who correctly predicted that India’s central bank would introduce a US Federal Reserve style Operation Twist, now says that the nation needs more foreign capital to fund its record borrowing. India’s borrowing may rise to 7.6 trillion rupees ($107 billion) for the fiscal year starting from April 1, according to Suyash Choudhary, head of fixed ...

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