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Showing 1 - 10 of 71 results for "Bloomberg reports"

Chief economist: Of capital gains taxes, COVID-19 and climate change

BENJAMIN ONG  |  FRIDAY, 23 APR 2021
... tax, there's the lingering surge in COVID-19 infections, and there's climate change. Take your pick. Bloomberg reports that: "President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6% (from 20%)... ...

Chief economist update: The second oil price discounting wave

BENJAMIN ONG  |  WEDNESDAY, 9 SEP 2020
... not just COVID-19 seeing a second wave. Saudi Arabia is also taking a second bite on oil price discounting. Bloomberg reports that, Saudi Arabia's state producer, Saudi Aramco, has cut its key Arab Light grade of crude pricing by a "larger-than-expected ...

Chief economist update: The power of money (and a cure)

BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
... Credit Facility (SMCCF) - buying corporate bonds (up to US$250 billion) from eligible issuers. In addition, Bloomberg reports that Trump is preparing funding worth around US$1 trillion for infrastructure projects and 5G wireless developments and rural ...

Chief economist update: The C word

BENJAMIN ONG  |  TUESDAY, 3 MAR 2020
... are now fashioning their own "C" word response. "C" for concerted or coordinated action... take your pick. As Bloomberg reports: "Group of Seven finance ministers will hold a teleconference this week to coordinate their response to the coronavirus outbreak ...

Chief economist update: Foolish takeaway on US-China talks

BENJAMIN ONG  |  FRIDAY, 6 SEP 2019
... between the US and China - though it won't be happening this month as expected - will happen in October. Bloomberg reports: "Chinese Vice Premier Liu He agreed to a visit in "early October" during a telephone call on Thursday morning Beijing time ...

Chief economist update: Countdown to T-day

BENJAMIN ONG  |  FRIDAY, 10 MAY 2019
... started the paperworks to impose new 25% tariffs on an additional US$325 billion worth of imports from China. Bloomberg reports on the consequence, writing: "Imposing tariffs on all U.S/China trade would reduce global gross domestic product by 0.5% by ...

Chief economist update: The art of the deal exemplified

BENJAMIN ONG  |  FRIDAY, 9 MAR 2018
... there's now "grace" for America's allies. Download The Good Economics Guide: Making sense of key economic data As Bloomberg reports: "Trump agreed to exclude Canada and Mexico from the duties because of their status as key regional allies and partners ...

Trump-flation returns

BENJAMIN ONG  |  FRIDAY, 29 SEP 2017
... Despite this, question remains as to Congress' approval given its expected negative impact on the budget deficit. Bloomberg reports that: "21 of 26 economists surveyed by Bloomberg News after Trump and Republican congressional leaders rolled out their ...

A "chilling" moment for the RBA

BENJAMIN ONG  |  MONDAY, 29 FEB 2016
... It's also expected to watch and wait this meeting but latest stats out have brought back rate hike betting As Bloomberg reports, "The probability of a June boost rose to 35 percent from less than 24 percent yesterday, while odds of a December move reached ...

Swiss franc surprise

BENJAMIN ONG  |  MONDAY, 30 NOV 2015
... couldn't have come soon enough. No Virginia, that wasn't a typo for the Swiss franc is back in the news again. As Bloomberg reports, "The franc fell against all but one of its 16 major peers Friday." "The franc dropped 0.7 percent to 1.0306 per dollar ...
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