Page 691 - Bloomberg

Biden must steer away from Trump's tariffs, focus on digital push in India

By the time Donald Trump and Prime Minister Narendra Modi walked hand-in-hand in a Houston stadium in September 2019, the US had raised tariffs on 14% of Indian exports

Govt expands stimulus to 15% of economy, aims to create jobs and help firms

An additional outlay of Rs 180 billion will be made toward an affordable urban housing program

World's central banks are now begging govts to power economic rebound

Without aggressive fiscal stimulus now, economies may develop deep scars that hobble growth over the longer term. That could then leave central banks unable to prepare for the next shock or recession

Joe Biden is set to 'undo the Trump years' with civil rights makeover

Biden will seek to return the division to its original purpose, focusing on anti-discrimination laws that protect millions of people in minority groups that were mostly ignored in the Trump years

After worst decline in a decade, Indian companies see profits rebound

Aggregate net income of 46 NSE Nifty 50 members grew 4.8% from a year earlier in the quarter through September, according to data compiled by Bloomberg

Indian rupee set to return near pre-Covid-19 levels by March, says Nomura

Nomura expects the rupee to bounce back to 72 per dollar by end-March, a level last seen in February

Singapore makes move to attract top global tech talent, announces new visa

The two-year visa isn't designed for mid-tier tech workers who might compete with locals for jobs

India in historic technical recession, RBI signals in first ever nowcast

"India has entered a technical recession in the first half of 2020-21 for the first time in its history," the authors wrote. The government is due to publish official statistics Nov. 27

Xi's Hong Kong move seen as message to Biden: Will not tolerate dissent

China's top legislative body on Wednesday passed a resolution allowing for the disqualification of any Hong Kong lawmakers who aren't deemed sufficiently loyal

Ex-Google exec Arun Majumdar top pick to be Biden's energy secretary

The Energy Department has a budget of about $35 billion and a disparate mission that includes helping to build the nation's nuclear warheads, maintaining its emergency stockpile of oil

Falling vegetable prices give RBI respite from pressure on inflation, rates

The wholesale price for staples such as onions was 29 rupees (39 cents) a kilogram in New Delhi on Tuesday, down 29% from Nov. 1

Biden edges ahead of Trump; chances of win widen as more votes come in

Biden is leading the popular vote count by about 2.5 million votes, a gap that's expected to widen as more West Coast ballots are tallied, as both candidates exceeded comparative tallies from 2016

Derailing of Jack Ma's Ant Group IPO shows Xi Jinping is in charge

Decision shows party takes precedence on business decisions

China's decision to halt Ant IPO threatens $400-mn payday for bankers

Dealmakers at firms including Citigroup and JPMorgan Chase & Co were set to feast on an estimated fee pool of nearly $400 million for handling the Hong Kong portion of the sale

Three data points to gauge sentiment towards EMs after election results

A stronger greenback will reduce the allure of developing-nation assets

Aberdeen Standard ready to buy Asia stocks on dip regardless of US results

Be it a win by President Donald Trump or Joe Biden, Asia markets are supported by positive fundamentals, Asia equities fund manager said

Saudi Arabia to remove curbs on foreign workers to attract overseas talent

The new rules will come into effect on March 14 and apply to all foreign workers in the private sector, regardless of salary

Markets spooked as the two US poll scenarios investors feared play out

The main worry around divided government: Markets have been hoping for a large fiscal stimulus package that will be less likely if the two parties need to work together

Emerging mkt stocks swing between gains and losses ahead of US poll verdict

For Dhiraj Bajaj, head of Asia fixed income at Lombard Odier, growing expectations of a Trump victory or a Biden win without a Democratic sweep, means the upside for emerging markets will be capped.

China looks to 'punish' Australia: Lobsters, wine and coal become targets

China's blacklist -- delivered verbally to commodities traders -- includes coal, barley, copper, sugar, timber, wine and lobster