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we are understood spewed i can only imagine must also have an impact on south korea's economy we heard that from the central bank today how damaging is it. well maybe not s. damaging yet as you might expect a twist to south korea was stripped off japan's white list of preferred trading hotness and this is more of a symbolic the. often asians in asia are not on the white list observe and anyway so this will bring more inconveniences such as you no longer are approval procedures for exports but japan has also regulated the exports to solve real 3 chemicals were really critical essential for south korea's biggest industry namely the semiconductor industry so japan could possibly can to the south korean companies by chains for example for some some to produce semiconductors but this has not happened yet the 1st batch some exports have already been approved but the government here and i talked to some of the shows today they seem quite alarmed because it's a sensitive issue president going to end up south korea his popularity is really really weakening because of the domestic economy and just today the finance minist
we are understood spewed i can only imagine must also have an impact on south korea's economy we heard that from the central bank today how damaging is it. well maybe not s. damaging yet as you might expect a twist to south korea was stripped off japan's white list of preferred trading hotness and this is more of a symbolic the. often asians in asia are not on the white list observe and anyway so this will bring more inconveniences such as you no longer are approval procedures for exports but...
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business asia i want to get germs and dylan good to have you with us south korea central bank has warned that to japan's recent decision to cut exports of tech materials could cause major economic damage the export restrictions relate to 3 materials that major south korean companies like samhsa need to make a semiconductor chips and to displace tokyo's decision to limit supply comes amid an escalating dispute between the 2 countries about compensation for south koreans forced into labor i just pan during the 2nd world war. or more let's bring in our correspondent in south korea. fabienne this is a dispute that just seems to be escalating i mean with seoul announcing today that it will cancel its intelligence sharing pact with tokyo where does all this lead. actually this comes a little bit as a surprise because just yesterday the foreign ministers of china japan and south we're we're meeting in beijing to try to resolve the conflict but obviously to norway all the cancellation of the military sharing. doesn't have any immediate effect because it will still run until the 23rd of and then
business asia i want to get germs and dylan good to have you with us south korea central bank has warned that to japan's recent decision to cut exports of tech materials could cause major economic damage the export restrictions relate to 3 materials that major south korean companies like samhsa need to make a semiconductor chips and to displace tokyo's decision to limit supply comes amid an escalating dispute between the 2 countries about compensation for south koreans forced into labor i just...
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business asia i want to get germans and berlin good to have you with us south korea central bank has warned that to japan's recent decision to cut exports of tech materials could cause major economic damage the export restrictions relate to 3 materials that major south korean companies like samhsa need to make a semi conductor chips and to displace tokyo's decision to limit supply comes amid an escalating dispute between the 2 countries about compensation for south koreans forced into labor i just pan during the 2nd world war. or more let's bring in our correspondent in south korea. fabienne this is a dispute that just seems to be escalating i mean with seoul announcing today that it will cancel its intelligence sharing pact with tokyo where does all this.
business asia i want to get germans and berlin good to have you with us south korea central bank has warned that to japan's recent decision to cut exports of tech materials could cause major economic damage the export restrictions relate to 3 materials that major south korean companies like samhsa need to make a semi conductor chips and to displace tokyo's decision to limit supply comes amid an escalating dispute between the 2 countries about compensation for south koreans forced into labor i...
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south korea's central bank has meanwhile said it stands ready to cut rates if needed. cutting interest rates makes money cheaper to borrow ideally sending more of it circulating through the economy and boosting stagnant markets. but some analysts worry that cutting rates now to curb a slowdown leave central banks too little space to act in the event of a real economic crisis. but nations here want to get ahead of the next recession and they're following the lead of other central banks most notably the federal reserve. looming over everything is that trade war between the u.s. and china a conflict that shows little signs of abating. despite that trade border u.s. china and dozens of nations have signed a landmark mediation treaty in singapore the treaty of those parties involved in international commercial disputes to carry out mediated settlements in their own courts and have a new that was not previously available in cross border disputes singapore's prime minister says although multi-lateralism is under pressure the solution is to improve it not abandon it. experts s
south korea's central bank has meanwhile said it stands ready to cut rates if needed. cutting interest rates makes money cheaper to borrow ideally sending more of it circulating through the economy and boosting stagnant markets. but some analysts worry that cutting rates now to curb a slowdown leave central banks too little space to act in the event of a real economic crisis. but nations here want to get ahead of the next recession and they're following the lead of other central banks most...
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south korea. we have another central bank cut.te by 2 a 5 basis points -- 2 a 25 basis p. oil a big story, sliding into bear march he ge market territo. oil prices up almost 2% right now. senssenator mitch mcconnell's twitter has been locked. how video of protesters cut down the campaign's feed and what aoc has to do with it. more shameing from the left. plus, more big tech privacy issues, reports that microsoft contractors are listening to skype calls, as instagram dumps a partner after tracking users. all the issues you need to know, coming up. all those stories coming up this thursday morning. joining me to break it down, dagen mcdowell, amid malik is with us, and columnist with the hill, liz pete. a lot to talk about. i can't believe how many stories are pointing to more shaming and more upset over president trump. dagen: mitch mcconnell, it was his campaign twitter account. >>account, they posted video ofa mob outside his home, chanting nasty things about him. twitter shuts that down. that's not okay. but over the weekend, af
south korea. we have another central bank cut.te by 2 a 5 basis points -- 2 a 25 basis p. oil a big story, sliding into bear march he ge market territo. oil prices up almost 2% right now. senssenator mitch mcconnell's twitter has been locked. how video of protesters cut down the campaign's feed and what aoc has to do with it. more shameing from the left. plus, more big tech privacy issues, reports that microsoft contractors are listening to skype calls, as instagram dumps a partner after...
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Aug 28, 2019
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governments from south korea to thailand are bolstering central-bank efforts to hedge against a darkening global mood. michelle has been tracking all of this from singapore. this is something developed markets would want, but tell us what asian politicians are doing to stave off the downturn. michelle: we have been talking all month about the dovish surprises from central banks and how much policymakers are trying to get in the game to head off the downturn. from the fiscal side in the past two weeks, we've seen it across asia. record spending announcements from indonesia and south korea, more than a 10 billion dollars spending package with loans from thailand, hong kong and china rolling out stimulus and probably more to come. we are expecting announcements from japan ahead of a planned consumption tax hike in october. they are trying to find ways to offset the weight on consumption and from india after the record transfer yesterday from the r.b.i. to the government, we might see stimulus packages rolled out there. from the government side, getting into the game and not just the central
governments from south korea to thailand are bolstering central-bank efforts to hedge against a darkening global mood. michelle has been tracking all of this from singapore. this is something developed markets would want, but tell us what asian politicians are doing to stave off the downturn. michelle: we have been talking all month about the dovish surprises from central banks and how much policymakers are trying to get in the game to head off the downturn. from the fiscal side in the past two...
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Aug 23, 2019
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south korea and japan continuing to grow. we have another rate cut overnight from sri lanka. the central bankes by 50 basis points. they also lowered the standing deposit rate to 7% from 7.5%. hong kong is bracing for more protests. multiple large demonstrations are expected today and throughout the weekend. we will have a live report in hong kong coming up. and then fighting annoying robocalls, telecom giants and lawmakers are coming together to combat the growing problem. we'll tell you where that stands. the fast food wars getting spiceyer. find out what mcdonald's is doing to deliver a blow to popeye and wendy's. our top story this hour, markets are eyeing the fed and waiting to see what we hear from jay powell. futures are up ahead of his jackson hole speech a later today. investors will be looking for clarity on future rate cuts and the action plan. the dollar is strengthening today. take a look. it is higher and worrying some people that it's going to cut into earnings later on in the year. regional presidents now speaking out against additional rate cuts, kansas city fed president est
south korea and japan continuing to grow. we have another rate cut overnight from sri lanka. the central bankes by 50 basis points. they also lowered the standing deposit rate to 7% from 7.5%. hong kong is bracing for more protests. multiple large demonstrations are expected today and throughout the weekend. we will have a live report in hong kong coming up. and then fighting annoying robocalls, telecom giants and lawmakers are coming together to combat the growing problem. we'll tell you where...
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Aug 2, 2019
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south korea. u.s. versus europe. there is some concern the central-bank mission is getting less and less.ntral banks are starting to disappoint. fromn see the reaction markets. to beat market expectations. >> what do expect from the u.s. jobs number and how important is it? expect continual solid job growth. north of 150,000 jobs created. i think it is important jobs report that it is being overshadowed by the trade escalation. we think it is a very strong number. would be probably disappointed. they may look for weaker data. it will be watched closely. the trade tension is going to dominate. , gotu studied economics your mba at cambridge. most interestingly to me, you have a certificate in econometrics. when you look at the inflation numbers, the unemployment figures, the growth, what is your assessment of the strength? the solid strength of the u.s. economy? u.s. economy is pretty solid at the moment. numbers 4%. out isent data coming all very strong. that is the biggest part of the u.s. economy. we think the near-term recession is unlikely. the housing market is starting to see a bit o
south korea. u.s. versus europe. there is some concern the central-bank mission is getting less and less.ntral banks are starting to disappoint. fromn see the reaction markets. to beat market expectations. >> what do expect from the u.s. jobs number and how important is it? expect continual solid job growth. north of 150,000 jobs created. i think it is important jobs report that it is being overshadowed by the trade escalation. we think it is a very strong number. would be probably...
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Aug 19, 2019
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south korea but they're based in south korea. and i thought he made a very compelling argument, so i'm thinking about it. >>> china's central bankounced interest rate reforms to help lower real rates for chinese companies. the pboc says the move will, quote, lower real lending rates as beijing looks to boost its economy amid a slow down and the trade war with the u.s the new loan prime rates will be based on open market operations with the central bank publishing the level on the 20th of each month. indeed, that is taken as a positive sign for markets overnight with the chinese indexes all trading in the green. let's bring in chief strategist from mellon bank the stimulus measures this time around seem to be leaning more towards monetary policy type measures than fiscal stimulus. >> yeah. that's exactly the way the market is reading it, but of course there's a quid pro quo from that is you got to expect further pressures. monetary policy is going to ease, you expect that continued slow steady depreciation to take place. but of course that's going to have an impact as for the region because, of course, everybody else will want to
south korea but they're based in south korea. and i thought he made a very compelling argument, so i'm thinking about it. >>> china's central bankounced interest rate reforms to help lower real rates for chinese companies. the pboc says the move will, quote, lower real lending rates as beijing looks to boost its economy amid a slow down and the trade war with the u.s the new loan prime rates will be based on open market operations with the central bank publishing the level on the 20th...
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Aug 5, 2019
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also looking at south korea's june current account balance and japan's household spending. in addition to that, switching boards here, five central banks will be making rate decisions this week. markets are predicting that policymakers in india, the philippines and new zealand will all cut interest rates to shore up this faltering growth while those in australia will be pausing after those back-to-back moves. shery: thank you so much for that. we are seeing q.e. 10-year bond yields dropping to a record low of 1.245%. really that global bond ral -- rally, the flight to safety continuing. joining us now is a u.s. investment strategist. great to have you with us. what a day to come on the show. there's so much to digest. just before you came on, the treasury department really shockingly now naming china currency in a lip -- a currency manipulater. we were not expecting this. what's next? in your notes you say the black swan would be escalation of u.s.-china trade war. it's already happened. war. it's already happened. >> yes, absolutely. i think this currency manipulater label is probably another form of escalation here. clearly the chine
also looking at south korea's june current account balance and japan's household spending. in addition to that, switching boards here, five central banks will be making rate decisions this week. markets are predicting that policymakers in india, the philippines and new zealand will all cut interest rates to shore up this faltering growth while those in australia will be pausing after those back-to-back moves. shery: thank you so much for that. we are seeing q.e. 10-year bond yields dropping to...
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Aug 7, 2019
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and he said the central bank should stop it "ridiculous ," andtative tightening added "incompetence is a terrible thing to watch." south koreaith the u.s. to increase defense payments. , president trump said south korea paid the u.s. $990 million, substantially more than the year before. he said the relationship between the countries is a good one. atleast 14 people have died 145 others have been wounded in a taliban suicide car bombing in kabul. the bomb went off when a vehicle was stopped at a checkpoint outside a police station. the attack came after the taliban in the u.s. reported progress on negotiating and end to the 18 year war. fedex cutting in other connection with amazon. it's ground delivery contract will not be renewed when it expires at the india this month. fedex said it would no longer -- at the end of this month. just months ago fed ex it would no longer fly packages. amazon is building its own shipping network. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm courtney donohoe. this is bloomberg. vonnie: thank you. it is
and he said the central bank should stop it "ridiculous ," andtative tightening added "incompetence is a terrible thing to watch." south koreaith the u.s. to increase defense payments. , president trump said south korea paid the u.s. $990 million, substantially more than the year before. he said the relationship between the countries is a good one. atleast 14 people have died 145 others have been wounded in a taliban suicide car bombing in kabul. the bomb went off when a...
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Aug 12, 2019
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south korea and japan. will this be the new normal? kallum: i hope not. what worries me is that central banks are still pretty constrained.y can help markets out but can't stimulate the real economy much. straight inies are many places and there could be pressure on governments to protect the people. you don't do that with trade wars, but as you have seen in the u.s. and a bit in the u.k., it can work. i think this is still a u.s.-china issue and if we are unlucky, a u.s.-eu issue. we have to keep an eye on it. there's a downside to the economic outlook and it comes at a bad time for china and other asian economies already slowing. nejra: on the effect of stimulus, what would be the most effective stimulus for china to employ now with the yuan weaker than seven? kallum: what china needs to do is hurry up with its shift toward service and domestic spending. get out of the capital intensive growth model. the problem is, it is constrained by its own growth target. the 6.5% to hit target. if you don't do that, you risk political unrest. the best thing china can do is let the economy soft and on capital and investments and the
south korea and japan. will this be the new normal? kallum: i hope not. what worries me is that central banks are still pretty constrained.y can help markets out but can't stimulate the real economy much. straight inies are many places and there could be pressure on governments to protect the people. you don't do that with trade wars, but as you have seen in the u.s. and a bit in the u.k., it can work. i think this is still a u.s.-china issue and if we are unlucky, a u.s.-eu issue. we have to...
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Aug 28, 2019
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central bank. this is bloomberg. ♪ ♪ paul: we are counting down to market opensmajor this morning, south korea, japan opening at theour, nikkei futures traded out of chicago weaker currently. this is daybreak asia. i'm paul allen in sydney. in newi'm shery ahn york. south korea has urged japan to agree to talks so they can repair restrained ties after south korea revoked japanese status as a preferred trading partner. economy guest says the is facing multiple headwinds. tan joins usstal from singapore. japan would be the get asked that would be the biggest risk for the south korean economy. what sectors could get hurt? the korea japan spat is the biggest risk to the south korean economy. the impact would be dependent on how japan carries out export controls, whether we say more complicated, slower export process, or is it going to be a matter of export preference be given. i would say that looks like japan is not looking for export and bargo's, so they -- export koreaos, so the hit to would not be severe. but if that escalates, that is going to be a very severe blow to south korea's semi conductor sectors, because
central bank. this is bloomberg. ♪ ♪ paul: we are counting down to market opensmajor this morning, south korea, japan opening at theour, nikkei futures traded out of chicago weaker currently. this is daybreak asia. i'm paul allen in sydney. in newi'm shery ahn york. south korea has urged japan to agree to talks so they can repair restrained ties after south korea revoked japanese status as a preferred trading partner. economy guest says the is facing multiple headwinds. tan joins usstal...
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Aug 30, 2019
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central banks have been lowering interest rates. a bit of a hold on it at the moment. markets are volatile. fed have an important meeting coming up in september. south koreaerns. they don't want to cut too low too fast. it might cause broader instability around, given the debt they are nursing. today's decision is probably, the critical thing would be what guidance does the government get from here and where there are more cuts on the table in the weeks ahead. inhleen: there is a meeting october. looking at a chart earlier which says the key rate coming down to 1.5%. yield, theonth bond seven-day repo rate, the 10 year bond yield, they are all below the bank of korea. what should we take away from are they saying they are 20 push the be ok or are there other drivers? make is not to ignore what is happening on the fiscal side. that's one reason why they are on hold today and why they are comfortable taking a backseat. record span for 2020. that's in line with an ongoing increase in spending. that's an emerging trend around asia that governments are taking more on the spending side. nonetheless, markets are listening. to be moment, they seem missing the sig
central banks have been lowering interest rates. a bit of a hold on it at the moment. markets are volatile. fed have an important meeting coming up in september. south koreaerns. they don't want to cut too low too fast. it might cause broader instability around, given the debt they are nursing. today's decision is probably, the critical thing would be what guidance does the government get from here and where there are more cuts on the table in the weeks ahead. inhleen: there is a meeting...
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Aug 7, 2019
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south korea as being the intervention targets versus renminbi. that is an extraordinary note for an extraordinary week. always extraordinary, here is viviana hurtado. the china central banklightly stronger than seven yuan per dollar. during the trade dispute with the u.s., china's central bank wants to allow more flexibility. at the same time, they want to avoid depreciation and capital slice. india joining new zealand with figure than expected interest rate cuts, lowering its benchmark by an unconventional 35 basis points. india cutting rates four times this year. new zealand shocking markets with a half a percentage point cut. donald trump is like to face a cool reception trying to console anddents of el paso, texas dayton, ohio after mass shootings over the weekend. -- visits are complicated. today, shares of disney lower. the largest entertainment company posting quarterly earnings and income that messed revenues -- missed revenues despite the touting of the star wars attraction at the disney resort in california. 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 viviana hurt
south korea as being the intervention targets versus renminbi. that is an extraordinary note for an extraordinary week. always extraordinary, here is viviana hurtado. the china central banklightly stronger than seven yuan per dollar. during the trade dispute with the u.s., china's central bank wants to allow more flexibility. at the same time, they want to avoid depreciation and capital slice. india joining new zealand with figure than expected interest rate cuts, lowering its benchmark by an...