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the imf themselves have said that was the case.ment, in defence of these protests, say they need this in order to stabilise the economy. the treasury minister in a statement has said there is no magic. the imf can help argentinians need to resolve oui’ help argentinians need to resolve our own problems. now, the two major issuesis our own problems. now, the two major issues is there is a huge fiscal deficit in argentina and inflation there at the moment is in the order of 25%. now, the government there says they want to lower this to 9% in the next four years, but that is their plan, they are hopeful this money might help. a lot of challenges ahead for argentina. thank you for that. now, the g7, once a fairly cosy club of the world's seven largest economies, is 110w world's seven largest economies, is now a house divided. it is even being called the g6—plus—one, with the one being the united states. last week, at a meeting of g7 finance ministers, the six non—us ministers made it clear they saw a america's last round of tariffs on
the imf themselves have said that was the case.ment, in defence of these protests, say they need this in order to stabilise the economy. the treasury minister in a statement has said there is no magic. the imf can help argentinians need to resolve oui’ help argentinians need to resolve our own problems. now, the two major issuesis our own problems. now, the two major issues is there is a huge fiscal deficit in argentina and inflation there at the moment is in the order of 25%. now, the...
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Jun 14, 2018
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the imf, in fact, sees growth in the u.s.half the rate that the white house is projecting in the next five years, saying by 2023, we're only going to see 1.4% growth. imf calls out the impact of trump's tax cuts on the deficit, saying it will rise to 4.5 pl% f gdp by 2019 and the stimulus will raise risks of faster inflation, cause the fed to move faster than the market thinks on interest rates there were some positive, guys, imf noting tax reform and deregulation will have modestly positive effects on growth but broadly critical on the medium and long-term and the economic policies just want to note that the treasury department has responded in the last hour clearly it disagrees we differ significant lowe on the -- significantly our policies, including the productivity >> boosting mix are will result in more sustainable economic growth >> more growth, lower debt overall as a percentage of gdp >> that's why the white house says our policies will pay for themselves of at least partly so >> when does that growth sort of wear ou
the imf, in fact, sees growth in the u.s.half the rate that the white house is projecting in the next five years, saying by 2023, we're only going to see 1.4% growth. imf calls out the impact of trump's tax cuts on the deficit, saying it will rise to 4.5 pl% f gdp by 2019 and the stimulus will raise risks of faster inflation, cause the fed to move faster than the market thinks on interest rates there were some positive, guys, imf noting tax reform and deregulation will have modestly positive...
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Jun 15, 2018
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what is the role of the imf in this? i worry that trump will not listen to the imf or the wto.he enemy. if it will change it is because other world leaders he is closer to might have a quiet word. thank you forjoining us. let's take a look at some of the other stories making the news. mcdonald's will replace plastic straws with paper ones in all its uk and ireland restaurants starting from september. the fast food giant is the latest company to opt out of the plastic straws, which can take hundreds of years to decompose. mcdonald's uses 1.8 million straws a day in the uk. at&t has closed its $85 billion deal to buy time warner after a judge ruled it was legal under antitrust law earlier this week. the usjustice department, though, has 60 days to appeal. it says it is considering its options. the trump administration had argued the merger would harm consumers. the bank ofjapan has kept monetary policy steady — maintaining its negative interest rate of minus 0.1%. the central bank has signalled that it will be in no rush to dial back its massive stimulus programme. china's ride—h
what is the role of the imf in this? i worry that trump will not listen to the imf or the wto.he enemy. if it will change it is because other world leaders he is closer to might have a quiet word. thank you forjoining us. let's take a look at some of the other stories making the news. mcdonald's will replace plastic straws with paper ones in all its uk and ireland restaurants starting from september. the fast food giant is the latest company to opt out of the plastic straws, which can take...
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Jun 8, 2018
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coming up, argentina has secured the biggest bailout and imf history -- in imf history.ing to talk about that next. this is bloomberg. ♪ ♪ guy: welcome back, you are watching "bloomberg daybreak: europe." argentina has secured a $50 billion standby arrangement from the imf. that is as the government takes aim at double digit inflation. it is the largest bailout in imf history. joining us now is justin. good morning. 50 is a very big number. how did we get to 50? >> this is all in negotiation. i don't think it is the question of the imf taking the view of argentina need more than what was originally speculated. this is a clear signal from the imf that is willing to put money on the table for argentina, should it need it. this is not a bailout, it is a credit line. it is a sign to investors that if things get ugly again, argentina has a little bit more firepower. guy: will perception within the country of what is happening acri?significantly weaken m >> that could. the imf does not have a particularly good record against normal argentinians. this is not going to be very go
coming up, argentina has secured the biggest bailout and imf history -- in imf history.ing to talk about that next. this is bloomberg. ♪ ♪ guy: welcome back, you are watching "bloomberg daybreak: europe." argentina has secured a $50 billion standby arrangement from the imf. that is as the government takes aim at double digit inflation. it is the largest bailout in imf history. joining us now is justin. good morning. 50 is a very big number. how did we get to 50? >> this is...
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Jun 15, 2018
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they got a $50 million loan from the imf.se interest rates basis point move, a major attempt to shore up the currency. change they have a head at the central bank, somebody who suffered a bit on the popularity front in terms of credibility from investors. francine: what do we know about the new guy in charge? a previous finance minister. he carries the effects of having been one of the guys that helped argentina find its protracted this long legal case with private d faults following the -- default in 2001 and allowed argentina to access capital markets. he's in his mid-50's, comes from the finance ministry. he is hopefully seen as somebody who will be a steadier hand and communicate more clearly to markets. if we remindphen, ourselves what the economic situation looks like. the troubless to of double-digit inflation and account deficits. stephen: in the. -- indeed. that is what the crisis is. there is no believe that there is any credibility behind economic policy. when the ruble was in freefall because of the oil prices , i
they got a $50 million loan from the imf.se interest rates basis point move, a major attempt to shore up the currency. change they have a head at the central bank, somebody who suffered a bit on the popularity front in terms of credibility from investors. francine: what do we know about the new guy in charge? a previous finance minister. he carries the effects of having been one of the guys that helped argentina find its protracted this long legal case with private d faults following the --...
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Jun 3, 2018
06/18
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angry protests have taken place for a third night in cities across jordan, in oppostion to imf—backedto raise income tax at least 5% and company taxes by up to a0%. jordan has also seen repeated price rises on staples such as bread, fuel and electricity, since the beginning of the year. our arab affairs editor, sebastian usher reports. after days of unrest, clashes broke out in thejordanian capital amman, as security forces moved in to try to break up protests demanding the full of the government. new price rises on fuel and other commodities have sparked the anger on the streets. but the main target of the protest is a draft tax law, part of a series of austerity measures mandated by the imf, to tacklejordan‘s dire financial situation. the protesters fear it will only further impoverished the working and middle class. translation: to be honest, the ordinary citizen cannot take on the economic burden. we are not the people who should pay the tax of the imf, and the debt the country is piling onto the shoulders of the people. the symbol of jordan's unity at times like this is the monar
angry protests have taken place for a third night in cities across jordan, in oppostion to imf—backedto raise income tax at least 5% and company taxes by up to a0%. jordan has also seen repeated price rises on staples such as bread, fuel and electricity, since the beginning of the year. our arab affairs editor, sebastian usher reports. after days of unrest, clashes broke out in thejordanian capital amman, as security forces moved in to try to break up protests demanding the full of the...
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Jun 26, 2018
06/18
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how did we go from that to a bailout of the imf?rfect storm of volatility, rising interest rates, the rising dollar, and there was a growing concern about the central banks credibility. there were concerns about argentina's fiscal deficit and external financing needs. it had a lot of dollar-denominated debt. it was a mixture of a global volatility and central-bank credibility that hit the peso and now it is the worst performer in emerging markets for this year. alix: it was all about being business friendly when the new leader to power. what happens to some of his goals like cutting inflation and lowering the poverty rate, removing subsidies, which really did not work when it came to oil, for example? patrick: he has done some reforms. he has cut some export taxes and tariffs. he has normalized the exchange rate. macri is trying to juggle all of these things are now. he is trying to cut inflation and it lower argentina's fiscal deficit to 0% of gdp by 2020. those are very difficult because when you cut fiscal spending you are loweri
how did we go from that to a bailout of the imf?rfect storm of volatility, rising interest rates, the rising dollar, and there was a growing concern about the central banks credibility. there were concerns about argentina's fiscal deficit and external financing needs. it had a lot of dollar-denominated debt. it was a mixture of a global volatility and central-bank credibility that hit the peso and now it is the worst performer in emerging markets for this year. alix: it was all about being...
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Jun 15, 2018
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the imf has warned that u.s. cuts and spending hikes are increasing reason -- risk to the global economy. thedirector conceded that trump administration has not always agreed with its view of the american economy. >> it was clear that he regards our medium-term outlook as to pessimistic. -- too pessimistic. frankly, i hope he is right, and we are wrong. it would be good news for the u.s. and global economy as well. juliette: argentina's a central bank is getting a new chief after the monetary authority failed to stop the plunge. the previous finance minister will take over the position following the surprise recognition -- resignation. they need him to curb volatility in the currency. senior eu officials have informally discussed whether the u.k. might need to stay in the brexitst 2019 if negotiations do not accelerate. talks have stalled on the irish border and a future trade deal. officials in brussels have privately questioned whether they can finish on time. facesomes as theresa may another showdown in parlia
the imf has warned that u.s. cuts and spending hikes are increasing reason -- risk to the global economy. thedirector conceded that trump administration has not always agreed with its view of the american economy. >> it was clear that he regards our medium-term outlook as to pessimistic. -- too pessimistic. frankly, i hope he is right, and we are wrong. it would be good news for the u.s. and global economy as well. juliette: argentina's a central bank is getting a new chief after the...
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Jun 8, 2018
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argentina is forced to return to imf assistance in a bid to cure its economic woes. and we'll have all the latest from the market is in europe they are opening down. this week, we've seen major developments in the brexit story and the potential takeover of sky. our business editor simon jack will be looking back at the biggest stories of the week. and as french schoolkids are set to be banned from using mobiles on school grounds, today we want to know whether smartphones are becoming too invasive in schools and work? or is this a necessary evil? let us know. just use the hashtag bbcbizlive. hello and welcome to business live. we start in quebec, canada, where the leaders of the group of seven biggest economies are gathered for a two—day summit. the group is supposed to be about cooperation between members france, germany, the uk, japan, italy, canada and the us. but it's at its most divided in its four—decade history. in fact, it's more like the 66 on one side, and the us on the other. president trump's america first policy has pitted the us against its allies. he ha
argentina is forced to return to imf assistance in a bid to cure its economic woes. and we'll have all the latest from the market is in europe they are opening down. this week, we've seen major developments in the brexit story and the potential takeover of sky. our business editor simon jack will be looking back at the biggest stories of the week. and as french schoolkids are set to be banned from using mobiles on school grounds, today we want to know whether smartphones are becoming too...
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Jun 8, 2018
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deal with the international monetary fund for a $50 billion three—year loan subject to approval by the imfe imf for help on may 8th after a slump in its currency the peso amid a broader investor exodus from emerging markets. it's a controversial move in the country, where many people blame austerity measures imposed by the fund for a devastating financial crisis in 2001. french property giant unibail—rodamco, europe's biggest commercial property company, has completed its takeover of australian shopping mall operator westfield. the $24.7 billion deal is the biggest corporate takeover in australian history. mall operators are being forced to consolidate amid growing competition from online retail. up next: newsbriefing. we'll take you through the stories making headlines in the global media today including. but for me, it is goodbye. negative attitudes toward growing old are having a major impact on the public‘s health. that's according to a report out today which warns media cliches and anti—ageing cosmetics are doing more harm than good. the royal society for public health says ageism is
deal with the international monetary fund for a $50 billion three—year loan subject to approval by the imfe imf for help on may 8th after a slump in its currency the peso amid a broader investor exodus from emerging markets. it's a controversial move in the country, where many people blame austerity measures imposed by the fund for a devastating financial crisis in 2001. french property giant unibail—rodamco, europe's biggest commercial property company, has completed its takeover of...
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Jun 7, 2018
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ramy: the imf is throwing a lifeline to argentina. emerging market economy whose currency has been pummeled, as traders react to inflation, rising budget deficits, and the certainty of more federal rate hikes. our global economics and policy editor kathleen hays is here. what is true in this argentine a deal with the imf? : the currency is just getting destroyed. this is a $50 billion standby arrangement to help restore investor confidence at a time when the currency has been pummeled, when rates have had to be pushed through the roof, and our bloomberg news story says it is supposed to last three years. depending on how much they have to tap, it could be one of the biggest imf deals of all-time. you can see how serious the situation has gotten. has agreed to set new targets for inflation and their fiscal deficit, but let's look at a bloomberg chart now. rate hikes, remember? it was just a month or so ago. they failed to stop the climb of the peso. you can see the blue line. way up here, it kind of looks like another chart we are goin
ramy: the imf is throwing a lifeline to argentina. emerging market economy whose currency has been pummeled, as traders react to inflation, rising budget deficits, and the certainty of more federal rate hikes. our global economics and policy editor kathleen hays is here. what is true in this argentine a deal with the imf? : the currency is just getting destroyed. this is a $50 billion standby arrangement to help restore investor confidence at a time when the currency has been pummeled, when...
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they're starting to on the international monetary fund, imf.gency guilty of economic malpractice. david: doing it all over the world. >> they set off riots in jordan. david: all over the world. >> critical ally in the middle east. practice austerity. david: did same thing in asia, going back to vietnam. >> 20 years. david: my point this is the deep swamp we're talking about. same kind of deep swamp the president talks about with regard to bureaucracies inside the beltway. they exist internationally. that is what the president is railing against. i think part of that, you can disagree with the way he is doing it, some details on tariffs and other things, i think it is about time we get that shake-up, don't you? >> especially if he goes after the imf which caused more havoc in the world. sort of like surgery without anesthesia. doesn't have a good out come for most countries. it wrecked argentina 13 years ago. it will do real harm. i mentioned jordan. everywhere they go, riots, unnecessary austerity, instead of lowering taxes. david: you want to
they're starting to on the international monetary fund, imf.gency guilty of economic malpractice. david: doing it all over the world. >> they set off riots in jordan. david: all over the world. >> critical ally in the middle east. practice austerity. david: did same thing in asia, going back to vietnam. >> 20 years. david: my point this is the deep swamp we're talking about. same kind of deep swamp the president talks about with regard to bureaucracies inside the beltway. they...
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Jun 12, 2018
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the imf managing director christina lagarde said global threats to the economy are rising.ouds get darker each day, particularly in the wake of the acrimonious g7 summit. that is where trump turned on allies and accused host justin trudeau for being dishonest and weak. stopso threatened to trading with the other six nations entirely. global news 24 hours a day, on-air and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. francine: history in the making. the u.s. president and north korea's kim jong-un have signed an agreement with kim pledging to work toward complete denuclearization. trump touted his good relationship. for more, we are joined in singapore. chief asiale, our correspondent and we will get to kevin cirilli later on. the two leaders, signing this outline peace deal. do we know what is in it? >> we don't. headlines coming through say north korea has agreed on denuclearization -- complete denuclearization, but what that means or entails, we don't know. we don't have a timeline,
the imf managing director christina lagarde said global threats to the economy are rising.ouds get darker each day, particularly in the wake of the acrimonious g7 summit. that is where trump turned on allies and accused host justin trudeau for being dishonest and weak. stopso threatened to trading with the other six nations entirely. global news 24 hours a day, on-air and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor riggs. this is...
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. >>> the imf bailing out one of the biggest economies. >>> is there life on mars? there might be we're not kidding. a story you have to hear to believe. >>> and congratulations, capitals celebrations under way in our nation's capital washington wins its first title of any kind in 20 years. it's friday, june 8th. "worldwide exchange" begins right now. ♪ celebrate good times come on it's a celebration ♪ >>> hello and welcome. i'm brian sullivan good morning, or as we say good evening to many of you capitals' fans who are just going sleep right now after the epic win last night congratulations, d.c i have friends down there. see if scott wapner comes in today. a huge fan >>> a very different tone today than most of this week caution is the key word of the day with the red on the screen stock indicators showing a likely drop for the dow. you have concern over global trade. tensions rising ahead of the g7 meeting this weekend we'll have more on that shortly. ben bernanke saying yesterday that theamerican economy could face a tough time in two years as stimulus fades and
. >>> the imf bailing out one of the biggest economies. >>> is there life on mars? there might be we're not kidding. a story you have to hear to believe. >>> and congratulations, capitals celebrations under way in our nation's capital washington wins its first title of any kind in 20 years. it's friday, june 8th. "worldwide exchange" begins right now. ♪ celebrate good times come on it's a celebration ♪ >>> hello and welcome. i'm brian sullivan...
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heard from ben bernanke and from the imf about expectations of growth being ok in the next couple of but moment as ben bernanke talked about or looking a little less robust was what the imf was pointing toward. are you looking for that kind of trajectory for the global economy? guest: we are in a good position, we have pretty decent growth across europe. the u.s. economy is doing very well. strong growth in the u.s. looks set to continue for the rest of this year. for next year, some of the tightening we have seen happening already across the major economies is likely, in our view, to moderate growth. we are not looking for a downturn in 2019. we cannot ignore the fact that the u.s. economy is looking very mature. the expansion now carries on for another year. -- longest expansion in 100 years. that does not necessarily mean it has to come to an end but some of the support for the economy is starting to fade. may be looking after 2020, it will be -- growth momentum will not be so strong. haslinda: we watching thea ecb, the fed, the doj. re that should be the one to -- that should be
heard from ben bernanke and from the imf about expectations of growth being ok in the next couple of but moment as ben bernanke talked about or looking a little less robust was what the imf was pointing toward. are you looking for that kind of trajectory for the global economy? guest: we are in a good position, we have pretty decent growth across europe. the u.s. economy is doing very well. strong growth in the u.s. looks set to continue for the rest of this year. for next year, some of the...
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Jun 5, 2018
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but balancing nose and satisfying the imf, might prove quite a challenge —— doz.rump's decision to pull out of the international deal, supposed to limit in—run‘s nuclear programme. the ayatollah has outlined what will happen if the nuclear dealfalls apart completely. translation: i have ordered a rum's atomic energy agency to prepare to increase uranium enrichment in the framework of the nuclear deal. and for preliminary preparations to be ready as soon as possible. once the president has made the order can be started from tomorrow. he also warned european leaders they will not tolerate being forced to limit the nuclear programme of having to deal with us sanctions. translation: some europeans are talking about both the run coping with the sanctions and limiting ad offe nsiveness with the sanctions and limiting ad offensiveness programme, which is essential for the future of the country. i'm telling the european governments that this will never come true —— iran. the catalogue of problems which led to grenfell tower in west london being engulfed in flames has been
but balancing nose and satisfying the imf, might prove quite a challenge —— doz.rump's decision to pull out of the international deal, supposed to limit in—run‘s nuclear programme. the ayatollah has outlined what will happen if the nuclear dealfalls apart completely. translation: i have ordered a rum's atomic energy agency to prepare to increase uranium enrichment in the framework of the nuclear deal. and for preliminary preparations to be ready as soon as possible. once the president...
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it's the budgetary arm of the trump policies that has the imf worrie
it's the budgetary arm of the trump policies that has the imf worrie
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Jun 21, 2018
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they could get an imf credit line and an indexed upgrade in the same week. hasu.k.ff a rebellion from within her own party to win a crucial brexit vote. the fight was over whether she should have the power to take the u.k. out of the e.u. without a deal. the rebels wanted parliament to have a meaningful vote on the way forward. they say brussels fears uncertainty will continue out of the threat of soap opera. chinese smartphone maker xiaomi has sets tentative terms for an ipo in hong kong that could raise $6.1 billion. bloomberg has been told it plans to $22e shares at $17 apiece. and xiaomi has started taking orders. china mobile a qualcomm have agreed to buy stocks as cornerstone investors. climbedices in new york the most in more than a week as opec ministers worked behind closed doors to healy rift over production limits. u.s. data showed crude inventories falling last week by more than double the average estimate. opec prepares to meet in vienna friday, the saudi and iranian energy ministers indicated they are moving closer to agreement on the state of supply c
they could get an imf credit line and an indexed upgrade in the same week. hasu.k.ff a rebellion from within her own party to win a crucial brexit vote. the fight was over whether she should have the power to take the u.k. out of the e.u. without a deal. the rebels wanted parliament to have a meaningful vote on the way forward. they say brussels fears uncertainty will continue out of the threat of soap opera. chinese smartphone maker xiaomi has sets tentative terms for an ipo in hong kong that...
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Jun 15, 2018
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the white house set to confirm new tariffs on hundreds of chinese products despite warnings from the imf'll also be hearing from the boss of confectionery giant mars about why he's taking the long view on the current trade dispute. a warm welcome to the programme, briefing you on all you need to know in global news, business, and sport. and you can be part of the conversation. tell us what you think. what do you think of the decision of the partner of the sender are done, the partner of the sender are done, the prime minister of new zealand, to bea the prime minister of new zealand, to be a stay—at—home—father? —— jacinda ardern. the former head of the fbi has been severely criticised by the us justice department for launching an investigation into hillary clinton's emails just before the 2016 presidential election. its report says james comey made a "serious error ofjudgement" and was "insubordinate" but not politically biased. the current fbi director, christopher wray, says the bureau has accepted the findings. here's our washington correspondent, chris buckler. james comey is the man
the white house set to confirm new tariffs on hundreds of chinese products despite warnings from the imf'll also be hearing from the boss of confectionery giant mars about why he's taking the long view on the current trade dispute. a warm welcome to the programme, briefing you on all you need to know in global news, business, and sport. and you can be part of the conversation. tell us what you think. what do you think of the decision of the partner of the sender are done, the partner of the...
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Jun 8, 2018
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the rescue program which would run for 36 months, is the largest ever in imf history.t will depend on how much the government has. it comes amid an emerging markets selloff that has shaken emerging-market economies around the world including brazil, turkey, mexico and others, and forced central banks to hike rates.t the russian bank chairman is said to have spoken with shareholders about merger with rival, commerzbank. we understand that there was a combination of the two leaders that talked about this, as a germany's largest lender struggles with its turnaround than. the deutsche bank spokesman declined to comment. global news, 24 hours a day, on air and at tic-toc on twitter,. powered by more than 2700 journalists in over 120 countries.. you can find more stories on the bloomberg at top . anna: here in asia, we're seeing markets lower for the final trading day of the week. >> paring their weekly gains, up only by 1.7% over the week. we were actually performing in the best weekly for the past four months. the nikkei is down .4%, and we see a retreat from tech play
the rescue program which would run for 36 months, is the largest ever in imf history.t will depend on how much the government has. it comes amid an emerging markets selloff that has shaken emerging-market economies around the world including brazil, turkey, mexico and others, and forced central banks to hike rates.t the russian bank chairman is said to have spoken with shareholders about merger with rival, commerzbank. we understand that there was a combination of the two leaders that talked...
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Jun 5, 2018
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exchange leaves was so so called haunted him pimping while which eventually led to critical mass and had imf so many. days are so annoying. six th down countless territory baghdad they take on silently that thirteen seconds isolated on also said i'm done and also also was in terms of etsci that a slice dececision a. user iss great. as they say. halftime alright right cross posters. is that is that all charges to be totally. confident. chris christie that raising an area now knows anything they say yeah. it just didn't make any can. also sensitivities some pub. in fm wo toee treatment outcomes one in one of the tests couple ha s ordedered to get. techniques and in the seven seven seven seven eight cases a user i. s. yes. from of the messages which of us. forty one is it a good underground test test a baby one more across is expected to be jailed over four hundred thousand id but and and when twenty nineteen. bust us are george in the middle. of a so that parents certified fathers and. sons to. this. phenomenon to the to the teachings of his community bbc news i has actually controls when one
exchange leaves was so so called haunted him pimping while which eventually led to critical mass and had imf so many. days are so annoying. six th down countless territory baghdad they take on silently that thirteen seconds isolated on also said i'm done and also also was in terms of etsci that a slice dececision a. user iss great. as they say. halftime alright right cross posters. is that is that all charges to be totally. confident. chris christie that raising an area now knows anything they...
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they got a three-year credit line from the imf, but had to meet certain conditions with the austeritysures. the proposed tax law is the latest. for jordanians, they say this is the final straw. they are fed up with the rising cost of living and wages that have not changed. theall right now is in the court of the jordanian king. what he does next with the demands of protesters. it is a tough position with the recommendations from the imf they have to meet and anger on the streets that we have not seen in jordan in years. >> not showing any signs of slowing down. jomana karadsheh, thank you. >>> in guatemala, death toll rising to 25 in the eruption of the volcano. in total, 1.7 million people affected. officials say the eruption has ficially ended. there is still volcanic ash in the air in the 12-mile radius surrounding the volcano. warning residents in these three towns to watch out for volcanic rock and ash. anyone living near the volcano needs to evacuate immediately. >>> apple expected to launch a new iphone feature to address a problem it may have helped create. iphone addiction. w
they got a three-year credit line from the imf, but had to meet certain conditions with the austeritysures. the proposed tax law is the latest. for jordanians, they say this is the final straw. they are fed up with the rising cost of living and wages that have not changed. theall right now is in the court of the jordanian king. what he does next with the demands of protesters. it is a tough position with the recommendations from the imf they have to meet and anger on the streets that we have...
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Jun 8, 2018
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argentina has secured a $50 billion standby arrangement from the imf. as the government takes aim at double-digit inflation and a white thing that's widening deficits. the program, which would run for 36 months, is the largest in imf , and will depend on the government. it comes amidst an emerging market selloff shaking economies around the world, including brazil, turkey, indonesia, and mexico, and calls for central banks to hike rates. deutsche bank chairman is said to have spoken with shareholders about merging with rival commerce banks. they have discussed a combination of two lenders, with investors and key german officials in recent months. that comes as deutsche bank struggles with its turnaround plan and a spokesman declined to comment. has moved economy past a rough stretch that ended a two-year run of growth, with forecasts pointing to renewed expansion. gross domestic products rank 6/10 of 1% in the first quarter, as a weaker reading of private consumption offset a strong one for capital. that's missed the median forecast of economists. while
argentina has secured a $50 billion standby arrangement from the imf. as the government takes aim at double-digit inflation and a white thing that's widening deficits. the program, which would run for 36 months, is the largest in imf , and will depend on the government. it comes amidst an emerging market selloff shaking economies around the world, including brazil, turkey, indonesia, and mexico, and calls for central banks to hike rates. deutsche bank chairman is said to have spoken with...
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Jun 8, 2018
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. >>> argentine lifeline we'll bring you details as argentina agrees to a financing deal with the imf. - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. >>> welcome back to "street signs. divisions between the leaders of g-7 countries over tariffs and trades revealed themselves on thursday as presidents macron and trump had vails statements for each other macron opened up the idea of the other six countries opening up their own deals. >> translator: the six other countries represent a larger market than the american market. let face it, there's no world hegemony if we find way to organize ourselves it's the end of the rule of law. tend of the promis
. >>> argentine lifeline we'll bring you details as argentina agrees to a financing deal with the imf. - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts...
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Jun 15, 2018
06/18
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white house set to confirm new tariffs on hundreds of chinese products — despite warnings from the imfplus mars raises the bar in china: the boss says the market looks sweet despite trade tensions — especially for a spicy version of snickers. and on the markets the dollar soars and the euro slumps as the ecb signals its own interest rate rises are a long way off. us shares end lower because of ongoing trade tensions and the nasdaq hits a new record. we start in the us where president trump has made up his mind to impose significant new tariffs on chinese goods — according to reports. he has vowed to strike back against chinese theft of us intellectual property and redress the large trade imbalance between the two sides. the white house is due to publish a revised list later today. mr trump has already warned he would slap import taxes on $50 billion worth of chinese goods a year. an initial list featured around 1300 product categories, including items used in the industrial, transport and medical sectors. there are reports the final list could be shorter but more focused on high—tech.
white house set to confirm new tariffs on hundreds of chinese products — despite warnings from the imfplus mars raises the bar in china: the boss says the market looks sweet despite trade tensions — especially for a spicy version of snickers. and on the markets the dollar soars and the euro slumps as the ecb signals its own interest rate rises are a long way off. us shares end lower because of ongoing trade tensions and the nasdaq hits a new record. we start in the us where president trump...
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Jun 4, 2018
06/18
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the imf warns that a trade war will hit.the u.s. is warning north relief froml give sanctions only when it has shown your reversible moves towards denuclearization stop james mattis -- denuclearization. james says he expects a bumpy road ahead, and the west must maintain a tough stance. bhp has resumed wage negotiations at is mine in chile, talks failed last year, leading to a six-year strike of the world's biggest problem mine. the old contract was extended until july 31. the union wants a 5% real wage rise. global news, 24 hours a day, powered by over 2700 journalists and analysts in more than 120 countries. i'm paul allen. this is bloomberg.. ♪ >> all right. you are watching "bloomberg markets: asia." >> let's get a quick check on the markets. >> asian stocks are moving higher, a sentiment helped along by this all of u.s. job report which puts them in place for a rate hike. u.s. rates are likely to stay on the up or trend with pressure coming through for higher oil, merrill lynch cut its forecast through the end of 2019,
the imf warns that a trade war will hit.the u.s. is warning north relief froml give sanctions only when it has shown your reversible moves towards denuclearization stop james mattis -- denuclearization. james says he expects a bumpy road ahead, and the west must maintain a tough stance. bhp has resumed wage negotiations at is mine in chile, talks failed last year, leading to a six-year strike of the world's biggest problem mine. the old contract was extended until july 31. the union wants a 5%...
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Jun 8, 2018
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approached the imf last month in the midst of a massive currency crisis.e has the details >> thank you very much they announced this around 7:00 p.m. last night. they secured a line of credit from the imf over 36 months, 50 billion they're hoping that the rest is precautionary. the government was forced to go to the imf because they were in the midst of the massive currency crisis. the year-to-date chart shows you earlier this year, $1 would by you 18 argentine pesos can we get that chart? it forced the central bank to 40% to stem the outflow of money from the country you're begging the investors to keep your money here we'll pay you so much money. >> jaw-dropping. >> hat is worth considering versus the german boond, right >> knowing you're taking on risk from argentina macri, the new president of argentina. after pussyfooting around got some religion and has agreed they're going to have to cut spending and give more independence to the central bank not that many of our viewers are invested in argentina. so why do we bring it up it's in the emerging market
approached the imf last month in the midst of a massive currency crisis.e has the details >> thank you very much they announced this around 7:00 p.m. last night. they secured a line of credit from the imf over 36 months, 50 billion they're hoping that the rest is precautionary. the government was forced to go to the imf because they were in the midst of the massive currency crisis. the year-to-date chart shows you earlier this year, $1 would by you 18 argentine pesos can we get that...
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Jun 17, 2018
06/18
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we have heard the imf talk about it numerous times.re is a reason friday that commodities almost across the .oard took a hit it was not just oil. it was aluminum, copper, gold prices. natural gas is the exception because of inventory situation. a lot of commodities took a hit. if we look at the imf growth numbers, the reason they are expecting 3.9% as the growth rate this year and next year is because of the second half of 2017. global trade surged, and that supported growth. that was critical. it means if trade comes into question, it could be bad for the global economy and this week could overshadow someing like opec because oil prices are under pressure. jason, stick around with us. guest host for the entire hour. pristiq economic, who will continue this talk. past interviews on the interactive tv function. you can dive into any of the securities on the bloomberg we talk about. this is for subscribers only. check it out at tv go. this is bloomberg. ♪ ramy: a quick check obusiness flash headlines. china's top leaders have agreed to h
we have heard the imf talk about it numerous times.re is a reason friday that commodities almost across the .oard took a hit it was not just oil. it was aluminum, copper, gold prices. natural gas is the exception because of inventory situation. a lot of commodities took a hit. if we look at the imf growth numbers, the reason they are expecting 3.9% as the growth rate this year and next year is because of the second half of 2017. global trade surged, and that supported growth. that was critical....
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Jun 15, 2018
06/18
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christine lagarde said a trade war would lead to lose on both sides, and while the imf expects the disputeve relatively minor impact on global economic growth itself, christine lagarde says she is concerned about how the fight will affect citizens. did you know that the company behind milky way, m&ms, snickers and mars bars has been around for over a century? they are also behind head care brands like pedigree. my colleague caught up like pedigree. my colleague caught up with the company's chief executive. they are our best kept secret, but we have been in business for a long time, we have pet nutrition products and we are the biggest veterinary service company in the world. making a better world for pets as accommodation of the ca re we for pets as accommodation of the care we give them, the nutrition we give them, as well as connecting the dots. so tell us how important is the chinese market for used specifically, and are you trying to scale back your plans for china because of concerns around this trade spat that they are embroiled with with the united states? not particularly. we are a
christine lagarde said a trade war would lead to lose on both sides, and while the imf expects the disputeve relatively minor impact on global economic growth itself, christine lagarde says she is concerned about how the fight will affect citizens. did you know that the company behind milky way, m&ms, snickers and mars bars has been around for over a century? they are also behind head care brands like pedigree. my colleague caught up like pedigree. my colleague caught up with the company's...
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Jun 15, 2018
06/18
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alix: but the imf warned on market risk, not because of the fed, but because of stimulus.y said that shift in physical u.s. policy could precipitate a market reversal of capital flows, particularly to emerging markets, adding to upward pressure on the dollar in worsening global imbalances. we are already starting to see the symptoms of these spillover effects in other countries and we have seen the data rollover a little bit in china, now you put trade on top of it. steven: the deal in china can, i think there is weakness likely to generate a policy reversal inside of china, especially of the tariffs will be enacted as well. china is not about rapid economic growth. it truly is about having some discipline in investment and innovation. their ability with savings levels at $3 trillion internally generated, that is six times more than savings inside the united states, so their capacity to endure through shocks will prove strong. it could scare markets, it could generate opportunities. looking at the united states, this is interesting, because foreign participation in the u.s
alix: but the imf warned on market risk, not because of the fed, but because of stimulus.y said that shift in physical u.s. policy could precipitate a market reversal of capital flows, particularly to emerging markets, adding to upward pressure on the dollar in worsening global imbalances. we are already starting to see the symptoms of these spillover effects in other countries and we have seen the data rollover a little bit in china, now you put trade on top of it. steven: the deal in china...
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Jun 15, 2018
06/18
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we have the largest economy and the inflation forecast for the imf. chart -- your chart also has the number of charts on it. i am not sure that putting -- what putting them into two panels gets you. we going to have 14 players on the pitch, or whatever you want to pick. can actually move this chart so it is interactive. annmarie: [laughter] excellent. draws are not aloud. in the interest of picking a great harmony, i am going to pick matt miller. harmony, i am going to pick matt miller. annmarie's charts were brilliant, but matt miller is the winner of the opening battle of the charts on the open. matt wins. we will make that clear to everyone. matt: i feel bad, because annmarie actually changed for battle of the charts. i could have changed my outfit as well. guy: surveillance is next. this is bloomberg. ♪ francine: trump has reportedly completed a second list of tariffs on chinese good. beijing says all deals are off. bank of japan denigrates their inflation forecast, falling behind the fed and ecb. and argentina appoints a new central bank partner
we have the largest economy and the inflation forecast for the imf. chart -- your chart also has the number of charts on it. i am not sure that putting -- what putting them into two panels gets you. we going to have 14 players on the pitch, or whatever you want to pick. can actually move this chart so it is interactive. annmarie: [laughter] excellent. draws are not aloud. in the interest of picking a great harmony, i am going to pick matt miller. harmony, i am going to pick matt miller....
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Jun 20, 2018
06/18
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argentina is now in the rare position of getting an imf credit line and index upgrade in the same week. the u.k. prime minister theresa may has fended off a rebellion from within her own conservative party to win a crucial brexit vote. the fight was over whether she should have the power to take the u.k. out of the eu without a deal. the rebels wanted parliament i have a meaningful vote on the way forward. one eu diplomat says brussels fears that uncertainty will continue out of what he called the brexit soap opera. xiaomi company has set tentative terms for an ipo in heart -- hong kong. bloomberg has been told it plans to press shares at $17 to $22 hong kong a piece. they want to start taking orders from institutional investors s&s thursday. china mobile and qualcomm are said to be in talks with cornerstone investors. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. yvonne: thank you. taking a closer look at the u.s. market close now. , helping push day trade concerns to the b
argentina is now in the rare position of getting an imf credit line and index upgrade in the same week. the u.k. prime minister theresa may has fended off a rebellion from within her own conservative party to win a crucial brexit vote. the fight was over whether she should have the power to take the u.k. out of the eu without a deal. the rebels wanted parliament i have a meaningful vote on the way forward. one eu diplomat says brussels fears that uncertainty will continue out of what he called...
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Jun 4, 2018
06/18
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we have called on the government to with draw this income tax law because it is a law imposed by the imf. the new prime minister takes the brunt of the public's anger. positionntain his as a leader above the political above the monarch had -- the political fray, the monarch has suspended a rising petrol prices during remedy and this week. n n to guatememala w where a volclcano eruptedd there, killig many, including at least 20 children. homes and roads were burned and covered with --. peter o'brien reports. through as lava poured villages, some narrowly escaped, coated in volcanic mud. the volcano threw up a plume of ashe. over 3000 have fled the area, authoritiestially did not evacuate. the flownot foresee that would cut off communities. not very good was on sunday morning. in the afternoon, only a bit of ashe was falling. amateur video shows residents fleeing a fast-moving slurry of material that solidified like concrete, in trapping residents. the red cross and the military have been dispatched for emergency operations. we have a state of emergency in at least three regions. rhodes im
we have called on the government to with draw this income tax law because it is a law imposed by the imf. the new prime minister takes the brunt of the public's anger. positionntain his as a leader above the political above the monarch had -- the political fray, the monarch has suspended a rising petrol prices during remedy and this week. n n to guatememala w where a volclcano eruptedd there, killig many, including at least 20 children. homes and roads were burned and covered with --. peter...
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we have done the right things with the imf. we didn't try to argue too much.ies. i think foreign investment is coming back. the foreign currency issue has been eliminated. we can come in and go out with your investments. egypt is a good place to do. china, i wouldn't -- we didn't have a choice to goin veftd there. india, i'm not sure. also some difficulties there. maria: you say china is such a closed society there is not an opportunity to invest there. but you have been in north korea. >> you can't consider north korea as part of the world economy. but china is. i went to north korea because i feel i am doing good. people there didn't even have a fixed line at home. the fact that there are 3 million people who can talk to each other. bar rar basic phone or smart phone. >> both. the phones are very expensive. maria: amazon and others are facing the prospect of more regulation. >> it's a good thing. if i complain to them, they say it's none of our business. if someone threatens your life, you should be able to react against it. if you report to them that this i
we have done the right things with the imf. we didn't try to argue too much.ies. i think foreign investment is coming back. the foreign currency issue has been eliminated. we can come in and go out with your investments. egypt is a good place to do. china, i wouldn't -- we didn't have a choice to goin veftd there. india, i'm not sure. also some difficulties there. maria: you say china is such a closed society there is not an opportunity to invest there. but you have been in north korea....
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Jun 17, 2018
06/18
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across opec, they range in different directions, and saudi arabia is in the $87 range according to the imfw do you deal with that if you are saudi or kuwait? >> they've been bracing a long time. you have the two main parties in agreement, russia and saudi, fracture at the heart of the agreement. one is running on a floating exchange rate and one is not. saudi would like to see more dollars coming through, and russia would like more barrels into the market. there is that inner intention in the deal. i think it has managed well, but now iran sanctions and venezuelan output is affecting the. if venezuela was coming back, it would be more competition situation for russia and saudi to work together. i think they're going to try to keep things not too high, below $80 per barrel, demand gets dented. eventually we get to $80 or $90 next year, i think saudi will be happy, but you can't go from an average of $54 last year to $88 per barrel this year, that would dent the world economy. alix: when you look at how quickly this will come online and you look at russia and saudi and oil production, russia
across opec, they range in different directions, and saudi arabia is in the $87 range according to the imfw do you deal with that if you are saudi or kuwait? >> they've been bracing a long time. you have the two main parties in agreement, russia and saudi, fracture at the heart of the agreement. one is running on a floating exchange rate and one is not. saudi would like to see more dollars coming through, and russia would like more barrels into the market. there is that inner intention in...
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Jun 8, 2018
06/18
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in argentina, good news on the imf. it is going to help in terms of funding going forward. the big story for us is on the blind side, short treasuries are decent value. that -- thator stretch for crossover, you don't need to do it. jonathan: that is a good point. you have cash and an asset class competing elsewhere. you have treasuries more competing for capital elsewhere and a more attractive yield. that attraction to u.s. assets and competition for capital elsewhere, is that a loser or can they still do well? we have done neutral on i am. it is the tension which will make returns more challenging. if the u.s. is going to continue to look more attractive, if we are right and get three more hikes, we'll get to year yield over 3%. 3%athan: kathy, yield up a in the united states on a front end of a two year yield. if you get 3%, d.c. inversion? kathy: i think we get -- do you see inversion? tohy: i think we get close it. to hikes is more realistic than three. i don't see the impetus for that last rate hike at the end of the year. we are getting close to the neutral rate. with
in argentina, good news on the imf. it is going to help in terms of funding going forward. the big story for us is on the blind side, short treasuries are decent value. that -- thator stretch for crossover, you don't need to do it. jonathan: that is a good point. you have cash and an asset class competing elsewhere. you have treasuries more competing for capital elsewhere and a more attractive yield. that attraction to u.s. assets and competition for capital elsewhere, is that a loser or can...
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Jun 25, 2018
06/18
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if things do continue to deteriorate, then maybe there could be a possibility of turkey joining an imfrogram. what do you make of that. >> you mentioned the positives people tend to be very negative on turkey. >> silver lining. >> yeah. there is an inherent bias against it particularly in political spheres. that said turkey has strong banks and they're in great shape. 28%, there's been some fiscal loosening. it's only going to be a 3% deficit. if they don't shore up market confidence with a decent economic team and offer up the policy for the next six months or so, you know, then they could be in difficulty they have a large external financing gap. very dependent on european bank rollovers. if erdogan doesn't send a message that he understands the need for an orthodox policy stance in the next six months, then they could have difficulties then i think they would have to probably go to the imf. >> not quite time to buy them. >> i wouldn't be able to do buy or sell recommendation i don't think it's necessarily as bad as people make out. there are options and ways out and if the policy is
if things do continue to deteriorate, then maybe there could be a possibility of turkey joining an imfrogram. what do you make of that. >> you mentioned the positives people tend to be very negative on turkey. >> silver lining. >> yeah. there is an inherent bias against it particularly in political spheres. that said turkey has strong banks and they're in great shape. 28%, there's been some fiscal loosening. it's only going to be a 3% deficit. if they don't shore up market...
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Jun 19, 2018
06/18
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what isfessor zingales, the imf's mandate to help china? president trump, if they can make him reason. i can see that president trump has some reasons to try to realign the balance of trade, but i don't think the way he is going about it makes any sense. maybe it is just a political ploy, to play to the base but strategically, the negotiation is not make any sense. what the imf and the wto are going to do is try to make president trump reason. guy: luigi, think you very much. enjoy the rest of the forum. luigi zingales of the university of chicago. max kettner of commerzbank is going to be sticking around. is what you can punch and to pull out all the amazing charts. this is bloomberg. ♪ guy: welcome back. 53 minutes past the hour. tom keene in new york, guy johnson in london. to the currency world, but it is not ready for prime time. it may never be. ilk are 2 -- our too unstable and the subject to -- and subject to too much manipulation. galia benartzi of bancor network here to discuss this. the globalkind of central bank and it is t
what isfessor zingales, the imf's mandate to help china? president trump, if they can make him reason. i can see that president trump has some reasons to try to realign the balance of trade, but i don't think the way he is going about it makes any sense. maybe it is just a political ploy, to play to the base but strategically, the negotiation is not make any sense. what the imf and the wto are going to do is try to make president trump reason. guy: luigi, think you very much. enjoy the rest of...
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Jun 4, 2018
06/18
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in 2016, jordan did get this three-year credit line from the imf. but with that came these terms and conditions that they have had to -- they're having to meet in order to reform the economy. and these include austerity measures that have already been enforced, like scrapping bread subsidies, for example, and introducing more sales tax. but right now the most controversial has been this income tax law bill that is being -- that was referred to parliament, that parliament is not even touching. the jordanian government, rosemary, is in a very, very tough position. they have to meet these terms from the imf, but at the same time they're facing anger on the streets that we have not seen in a very long time. >> yes, and we will be watching to see what king abdullah does in the end once he meets with his prime minister. jomana karadsheh joining us from istanbul in turkey. thank you for joining us. >>> there are more fears of hostilities between gaza and israel. this israeli military says this video shows the moment they struck militant targets on sunday.
in 2016, jordan did get this three-year credit line from the imf. but with that came these terms and conditions that they have had to -- they're having to meet in order to reform the economy. and these include austerity measures that have already been enforced, like scrapping bread subsidies, for example, and introducing more sales tax. but right now the most controversial has been this income tax law bill that is being -- that was referred to parliament, that parliament is not even touching....
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Jun 16, 2018
06/18
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across opec, they range in different directions, and saudi arabia is in the $87 range according to the imfhow do you deal with that if you are saudi or kuwait? >> they've been bracing a long time. you have the two main parties in agreement, russia and saudi, fracture at the heart of the agreement. one is running on a floating exchange rate and one is not. saudi would like to see more dollars coming through, and russia would like more barrels into the market. there is that inner intention in the deal. i think it has managed well, but now iran sanctions and venezuelan output is affecting the. if venezuela was coming back, it would be more competition situation for russia and saudi to work together. i think they're going to try to keep things not too high, below $80 per barrel, demand gets dented. eventually we get to $80 or $90 next year, i think saudi will be happy, but you can't go from an average of $54 last year to $88 per barrel this year, that would dent the world economy. alix: when you look at how quickly this will come online and you look at russia and saudi and oil production, russ
across opec, they range in different directions, and saudi arabia is in the $87 range according to the imfhow do you deal with that if you are saudi or kuwait? >> they've been bracing a long time. you have the two main parties in agreement, russia and saudi, fracture at the heart of the agreement. one is running on a floating exchange rate and one is not. saudi would like to see more dollars coming through, and russia would like more barrels into the market. there is that inner intention...
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Jun 17, 2018
06/18
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of france, shinzo abe of japan, wang qishan, vice president of china, and christine lagarde with the imfo discuss these issues. i began by asking vladimir putin what he would do to salvage the iran nuclear accord. we all know you want to keep the deal, you say you are a man of action. what actions will you take to keep the iranian nuclear deal alive now? president putin: the so-called iranian nuclear deal has been established by a respective un security council and that is a multilateral, international legal document and it warrants our actions to be predictable. we need to adhere to the common rules. any unilateral action leads into a dead end and is always counterproductive. that is why all of us together, all of the participants of this process should stick to charter sincerely and move forward with resolutions. we discussed this issue with president macron and an idea came to our mind. every four years, presidential elections take place in the united states. so if international legal treaties and documents are being signed every three or four, maximum four years, they will be rethoug
of france, shinzo abe of japan, wang qishan, vice president of china, and christine lagarde with the imfo discuss these issues. i began by asking vladimir putin what he would do to salvage the iran nuclear accord. we all know you want to keep the deal, you say you are a man of action. what actions will you take to keep the iranian nuclear deal alive now? president putin: the so-called iranian nuclear deal has been established by a respective un security council and that is a multilateral,...
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Jun 5, 2018
06/18
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imf anna edwards. this is "bloomberg daybreak europe." ngclosing the highest level since march.$55 abounds barrel and ahead of a key opec meeting to discuss production curves. one year from the qatar blockade. telling bloomberg the campaign has failed. good morning, everybody. it has gone 7:00 a.m. in london. manus is on his way to conduct an important interview. i will be holding the ford. le to yoabout what is going on in futures. we are not expecting a great deal of fireworks. pretty flat which is a really for anyone who is active in the markets. futures up.and cac this is reflecting what we see in the risk radar in the asian equity session where markets struggling to find their footing. couplers over the last of days focusing on the global growth story, the u.s. growth story instead of being run into the details around the trade story. perhaps they are waiting until yunnan trade.g7 , oil prices up by 1%. we see some movement in the price of crude dropping below $65 a barrel. we are around that level. the move upward different from what we saw where the conversation has been
imf anna edwards. this is "bloomberg daybreak europe." ngclosing the highest level since march.$55 abounds barrel and ahead of a key opec meeting to discuss production curves. one year from the qatar blockade. telling bloomberg the campaign has failed. good morning, everybody. it has gone 7:00 a.m. in london. manus is on his way to conduct an important interview. i will be holding the ford. le to yoabout what is going on in futures. we are not expecting a great deal of fireworks....
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Jun 17, 2018
06/18
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across opec, they range in different directions, and saudi arabia is in the $87 range according to the imfw do you deal with that if you are saudi or kuwait? quatar?e >> this is something we have been racing for a long time. you have the two main parties in agreement, russia and saudi, they have a fracture at the heart of the agreement. one is running on a floating exchange rate and one is running on a pegged exchange rate. saudi would like to see more dollars coming through, and russia would like more barrels into the market. there is that inherent tension in the deal. i think it has managed well, but in a different environment where it is falling and we have back.ela coming that would be a much more complicated situation for russia and saudi to work together. i think they're going to try to keep things not too high, above $80 per barrel, demand gets dented. eventually we get to $80 or $90 next year, i think saudi will be happy, but you can't go from an average of $54 last year to $88 per barrel this year, that would dent the world economy. that will dent the demand for oil. alix: when yo
across opec, they range in different directions, and saudi arabia is in the $87 range according to the imfw do you deal with that if you are saudi or kuwait? quatar?e >> this is something we have been racing for a long time. you have the two main parties in agreement, russia and saudi, they have a fracture at the heart of the agreement. one is running on a floating exchange rate and one is running on a pegged exchange rate. saudi would like to see more dollars coming through, and russia...
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Jun 15, 2018
06/18
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that's what the imf is worried about. >> is it kind of in the sweet spot, our given what oil prices have been doing lately, are we fast? to accelerate too >> jay powell did note oil prices, and we'll see higher than the target rate of thinflation in f because of the higher oil prices. nigh own view is we'll s some overheating. the fed has rcheted up four rate hikes, instead of three. the problem is we're ratcheting up inflati as well due to tariffs, so a y the factors together, we like a warming trend, we don'tant an overall hot flash that's really, really bad for the u.s. economy. we don't wayne to fry here. >>> you're a economist not a forecaster, but is th the environmental where profit grow? can continue to we're really running off the rox cuts this year that will support profith along with strong revenue growth. we do have margins n bit as we move into 2019. that's because we are wages to pick up, but also costs are picking up, everything from energy t prices some of those tariff costs and the costs of materials in those are things that happen later in a cycle. this year will probab
that's what the imf is worried about. >> is it kind of in the sweet spot, our given what oil prices have been doing lately, are we fast? to accelerate too >> jay powell did note oil prices, and we'll see higher than the target rate of thinflation in f because of the higher oil prices. nigh own view is we'll s some overheating. the fed has rcheted up four rate hikes, instead of three. the problem is we're ratcheting up inflati as well due to tariffs, so a y the factors together, we...
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Jun 21, 2018
06/18
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rates, a lifeline from the imf, and you get an elevation to emerging market status.ave i missed something? >> know, a lot of people were surprised. complete unanimity on the expectation for argentina to get this upgrade in a way that saudi arabia did. but all those factors aside, this is really about transparency and accessibility to markets. the argentinians have been working really hard in that respect. they areoint, deserving of this upgrade in one now see some kind of relief rally, not a huge one because there are all these other argentineaying on the story, but some kind of rally today. we seen predictions of as much weeks in coming days and as some of the flows come into argentina. as you say, this is more of a surprise that it was for saudi arabia. so we might see some reactions in markets and the etf's have been reacting, in particular, argentina. is it a vote of confidence, or is that not coming through? >> to some degree, there is a lot of expectation or there has been over the past years toward argentina, the talks to the administration to turn the economy
rates, a lifeline from the imf, and you get an elevation to emerging market status.ave i missed something? >> know, a lot of people were surprised. complete unanimity on the expectation for argentina to get this upgrade in a way that saudi arabia did. but all those factors aside, this is really about transparency and accessibility to markets. the argentinians have been working really hard in that respect. they areoint, deserving of this upgrade in one now see some kind of relief rally,...