i am haslinda amin. this is bloomberg.aidi: thank you. g20 finance ministers are mourning trade tensions written global growth. with worldwide economic growth looking robust, the risk nonetheless is growing. the u.s. treasury secretary trying to ease concerns about trump's attack on the fed, saying there is no chance of a currency war. reporter patrick gillespie joins us. did president trump dominate these discussions? reporter: absolutely. this dominated the discussion in buenos aires. ministers and central bank chiefs wanted to show a united front after the g7 limit -- summit in canada with trump withdrawing the u.s. signature from the communicate, so leaders front,to show a united more consensus, but the cracks from the u.s. tariffs on steel and aluminum, the european tariffs, chinese, those factors were at play. stephen mnuchin wanted to control and set a trade war will not have any spillover effect on the currency market, and everyone avoided talk of currency manipulation in buenos aires. the trade war effects were pr

let's show you to first word news with haslinda amin in singapore. haslinda: social media sites are said to be facing tough new content loss in europe as brussels cracks down on terraced messages. t messages.- terroris germany has passed laws that threaten social media platforms, find them up to $60 million to tackle the content. thinking ofump is the idea of shutting down the federal government if he doesn't get his way on immigration and the border wall. he is willing to bring washington to a halt. republicans say they doubt the shutdown will happen and action on the border wall can wait until after the midterm elections. australia's finance minister has rejected suggestions corporate tax cuts should be reviewed byer the government defeat elections. the opposition labor party retained the seats it was contesting after a campaign that painted the turnbull government have a friend of big business. australia must compete with lower tax rates in other parts of the world. the world's biggest copper mine is facing strike action after union leaders rejecte

he spoke to our chief asia correspondent, haslinda amin, in kuala lumpur. >> i would take a conservativeate around 10%. at the very least, 10% of what they have stolen. it works out to around $11 billion, $12 billion, so you can get 30%. 10%.e very least, as i said, still not sufficient. why only 10%? what are the indications? what are you hearing? >> we couldn't trace where the money went. what did they buy? you cannot trace that. there's also questions of ownership. [indiscernible] cost.s also a question of expenses, how much is left? >> might you want to clawback from other players, such as jpmorgan, which was involved in a dollar transaction? >> we have to assess that in terms of their fiduciary duty. goldman sachs is very clear. we need to look at that. i think there needs to be some. i do not want to make any projections. >> is it fair to say that you are not exploring other banks and their involvement in 1mdb? identify notave to -- you havengdoings to focus on the main factors. [indiscernible] down the main now players -- [indiscernible] anna: that was the malaysian finance minist

i'm haslinda amin in bangkok. ext half hour, we will take a look at the key challenges facing southeast asian economies as the world undergoes what many consider to be a tectonic shift. ♪ haslinda: a reoccurring theme at the asean business summit, an uncertain future. geopolitics are casting a shadow over the outlook as america retreats from the world stage under donald trump, and britain exits from the eu.

first word news with haslinda amin. treasury secretary steven mnuchin has an optimistic forecast for the u.s. economy, at odds with many including the fed. he told folks he expects for five years -- four or five years of a state -- of sustained growth. few economists support that, say the u.s. economy will barely obtain 3%. the top economic adviser for trump is a comes -- is accusing companies of failing to tell the truth about disappointing earnings. larry kudlow has seen some firms supporting weaker than expected results and blaming them on tariffs and the simmering global trade war. he said executes -- executives should admit poor management but declined to give examples. the cambodian minister has extended his power, easily winning an election that featured no meaningful critics. his ruling people's party got 70% of the vote, although victory was never in doubt. he silenced political dissent following the election in 2013 with the national rescue party nearly winning. assion impossible went to weekend victory at the

let's get the first word news with haslinda amin. the brexit chief says the country must prepare for a no deal brexit. he does not think such a scenario will happen, a responsible government should plan for every outcome. theu.k. will refuse to pay divorce bill if they fail to agree. the new president of mexico is calling for president trump to andace fresh nafta talks aims at a deal that involves all three countries. the three sides should work together. a new nafta could have investment. shanghai is cleaning up. than 300 87,000 people in neighboring provinces were moved to shelters. flights are resuming after last night after hundreds were camped out. space ask has put a satellite into orbit. the falcon nine rocket blasted .ff from cape canaveral to first stage returned earth in the atlantic ocean. 30geting roughly measurements up from a record 18 and 2017. -- in 2017. 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. a warn

i'm haslinda amin.a look at the key challenges facing southeast asian economies is the world undergoes what many consider to the a tectonic shift. -- to be a tectonic shift. ♪ >> a reoccurring theme at the anan business summit, uncertain future. geopolitics.

i am haslinda amin in singapore. david: i am david ingles in hong kong.or. the dollar extending its weakness, japan getting whacked. what is happening? sophie: quite a few factors to make for a moody monday for sto cks. the nikkei continuing its decline in the afternoon session, leading the drop in the region as the yen trades near a two-week high, as the dollar continues to retreat. 's currencyp mutilation tweed roiling markets on friday. with dollar weakness, other currencies gaining ground. the korean won rising the most in three weeks although the kospi is led lower by chipmakers. thursday'sahead of gdp data from south korea, expected to register 2.9% growth as the government trims its forecast on trade concerns hurting exports. thewe saw a 9% uptick in first 20 days of the month for exports from korea as opposed to last month. jgb, we havek, yields pushing higher despite the boj operations this morning. what is going on with japanese banks, that segment rallying in boj easingtweak to could ease pressure on profits. the topix bank index, the line in b

he spoke with our very own haslinda amin. you know, it eng: is a very conservative estimate.will probably only get back around 10%. perhaps maybe if you are lucky, about 30%. but at the very least, 10%. of what they have stolen. around 11,s out to maybe $12 billion, $13 billion. at the very least, 10%. said, if that is still happensicient, what around 70, 80, or 90%? haslinda: why only 10%? what are you hearing? minister guan eng: we cannot trace where the money meant -- went. what did they buy, what did they access? we can't trace those things. there is a question of ownership, due process, etc.. it is also a question of cost. after deducting for the all the expenses incurred, how much is left? haslinda: might you want to claw back other players like jpmorgan , which was involved in the dollar transactions? minister guan eng: i think we have to assess that and their financial duty. they have a financial duty. goldman sachs, it is very clear. somenk there needs to be -- first. i do not want to make any pre-judgments. haslinda: so it is safe to say that right now you are not e

our chief southeast asia andespondent haslinda amin kuala lumpur.ending across the universe on bloomberg.com. is concernedn about cyberattacks on the upcoming midterm elections. aflutterictoc, twitter toh tourists and trying attract a new travel to boost its profile. on the bloomberg terminal, subscribers ringing in the weekend. byerivatives sales trader be hitting a full house for charity poker crown. this is bloomberg. ♪ rishaad: you are back with bloomberg markets. iphone supplier taiwan semiconductor jumping after saying it sees no immediate threat from u.s. tariffs. the outlook for high-priced mobile devices is seen as high in the second half, despite trimming its outlook on waning demand. trade tensions have yet to have an impact. the first wave has been executed today. impact, we see minimal for our business and our customer. boss masayoshink son has dismissed japan is stupid for not allowing ridesharing. he is teaming up to launch a platform, saying japan's transport infrastructure can handle the tourist for next year's rugby cup and the oly

. >> i'm haslinda amin. the fed and boj are not the only banks in action this week.rom brazil and india, and the bank of england on thursday, making it a very busy week before a usually quiet august. let's bring in our guest from singapore. good to have you with us. the boj is in focus, and people expect some kind of indication. the thing is that change -- it seems that the boj has already had it. >> we will really see some impact to there. the question is whether or not governor kuroda will announce any tweak. in terms of action, they have already looked at the long end, so the big question is whether there will be further movement in the sense that they will allow more flexibility around 0% over 10 years, and you all know investors of japanese have in global bond markets, so it's the long end of the yield curve in japan and we could see flux of money coming back into the japanese bond market. that could be an indication. >> and of course the boj's soft, 2% inflation. do you expect a tweak in inflation targets? >> i think the last meeting, they weren't really holdin