Stephanie Phang
Managing Editor at Bloomberg News
Bloomberg Managing Editor SEAsia. Retweets not endorsements.
Articles
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1 week ago |
bloomberg.com | Stephanie Phang
China may not be backing down from US President Donald Trump’s tariffs, but its economy will feel the effects. UBS added to a series of growth downgrades for the country with the most pessimistic forecast among major banks, predicting the economy will expand just 3.4% this year as US tariffs choke exports.
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2 weeks ago |
bloomberg.com | Stephanie Phang
The carnage in financial markets unleashed by President Donald Trump’s tariffs continued unabated on Monday, with Asian equities pummeled from the open and stock futures in the US showing that last week’s $5 trillion wipeout isn’t over. Chinese shares and corporate bonds plunged while sovereign yields neared an all-time low, Taiwan’s stock index tumbled the most on record, Japan’s Nikkei 225 Stock Average slid into a bear market, and Indian equities dropped.
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2 weeks ago |
bloomberg.com | Stephanie Phang
Amid widespread economic fears and market shock, the maneuvering against President Donald Trump’s tariffs gained steam as the US leader said he was open to reducing his tariffs if other nations were able to offer something “phenomenal.” Trump indicated he had been in conversations with foreign governments and business leaders seeking tariff relief.
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1 month ago |
bloomberg.com | Stephanie Phang
Indonesia is under growing scrutiny after its stock market plunge yesterday led to the first trading halt since the pandemic. State-owned lender Bank Tabungan Negara scrapped a planned sale of dollar bonds after the equities rout quickly spread to other asset classes. The bank cited market volatility for its decision to pull the plug on notes it just started marketing on Tuesday, according to people familiar with the matter.
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1 month ago |
bloomberg.com | Stephanie Phang
In the same-but-different trade war we are in, China has found a high impact yet low-cost weapon: food. Chinese tariffs on a slew of American farm products have officially come into effect, and Beijing’s willingness to deploy them against one of its biggest providers historically is notable.
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RT @business: 🚨 World leaders gather for the #G20India summit — with China’s Xi Jinping and Russia’s Vladimir Putin noticeably absent. Fol…
Indonesia’s $21.5 billion climate deal is the world’s largest green energy plan—and it’s facing huge new hurdles. https://t.co/UZCZ0pRwlx via @climate
Thailand is counting votes to see who will lead the $506 billion economy. Follow the election count and analysis — this blog is free to read https://t.co/mXmwKWO1l0 via @bpolitics