October, 2017

• 21 October

  Why India’s stellar exports may not be a tax dodge

  

  The big lesson for emerging markets from the taper crisis of 2013 was this: Don’t go into a US tightening cycle without your exporters bringing home truckloads of dollars. That’s why the most recent trade figures from India are both important and encouraging. Clubbed together with Indonesia, Turkey, Russia and South Africa on Morgan Stanley’s “Fragile Five” list four summers ...

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• 21 October

  Europe takes a backward step on banking union

  As part of its plan to complete the euro zone’s so-called banking union, the European Commission has presented a new proposal for collectively insuring bank deposits. Such a scheme is badly needed — but the new idea falls short. By leaving too much risk with national governments, it fails to address a critical weakness of the system. The commission is ...

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• 21 October

  Trump might wreck NAFTA, believe him

  President Donald Trump has been attacking trade for months, but believers in the value of international competition have drawn comfort from his reputation for empty talk and record of non-accomplishment. That record, along with a trade pact that has served the US economy well for decades, may be about to end. Talks on revising the North American Free Trade Agreement ...

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• 21 October

  On abortion, Democrats show their cultural extremism

  

  What would America’s abortion policy be if the number of months in the gestation of a human infant were a prime number — say, seven or eleven? This thought experiment is germane to why the abortion issue has been politically toxic, and points to a path toward a less bitter debate. The House of Representatives has for a third time ...

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• 21 October

  Xi hooks markets on China deleveraging myth

  

  So what if there’s a lot of China debt out there, and the pile just keeps getting bigger? Investors, at least, appear not to care. As President Xi Jinping prepares for a second five-year term, he’s already managed to convince markets that China’s deleveraging train has left the station — never mind that there’s no evidence state-owned enterprises have even ...

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• 21 October

  Watch out, authoritarian cryptocurrencies are coming

  

  With Russia and China both embracing the idea of sovereign cryptocurrencies, it’s time to ask a simple question: Why is a technology threatening to decentralize money so attractive to highly centralized, authoritarian regimes? Last weekend, Argumenti i Fakti, a pro-government newspaper, quoted Russian communication minister Nikolai Nikiforov as saying president Vladimir Putin had ordered the swift launching of a “crypto-ruble.” ...

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• 21 October

  Foxconn, IDG seek $1.5bn to fund auto-tech startups

  

  Bloomberg Foxconn Technology Group and venture firm IDG Capital are seeking to raise a 10 billion yuan ($1.5 billion) fund to seed startups in automotive technologies from self-driving AI to battery development, according to a presentation for investors. Foxconn and IDG initiated talks with government-backed funds, financial institutions and financiers several months back, according to a document presented to potential ...

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• 21 October

  Sidewalk, Waterfront Toronto to build digital city in Canada

  

  Bloomberg Alphabet Inc.’s autonomous vehicle technology will be a big part of its Toronto project to make urban life more Googley. Sidewalk Labs LLC, a unit of Google parent Alphabet, and Waterfront Toronto unveiled plans to build a digital district in Canada’s largest city. Sidewalk’s official plans filed with the city and released include visions of all sorts of robotic ...

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• 21 October

  Shares of Apple, suppliers fall after lower iPhone 8 orders

  

  Bloomberg Shares of Apple Inc. and some of its suppliers fell on signs that demand for the new iPhone 8 models isn’t as strong as anticipated while buyers await the release of the higher-end iPhone X. The Taipei-based Economic Daily News reported that Apple cut orders for its latest model, which went on sale last month, by more than 50 ...

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• 21 October

  Samsung to open London store to rival Apple

  Bloomberg Samsung Electronics Co. has agreed to a deal to open a new space in London’s King’s Cross district which will serve as a showcase for its products and technology, two people with knowledge of the plan said. The technology giant is finalising details to lease the 20,000 square feet top floor of the under construction Coal Drops Yard mall, ...

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