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Thursday, Oct 18

22

Italy Faces Off With EU as Pressure Mounts Over Budget Defiance

www.bloomberg.com

The gloves came off in Italy's fight with the European Union, as several of the bloc's leaders attacked the populist government in Rome and the EU's executive warned that its budget draft won't fly. Giuseppe Conte. Photographer: Jasper…

21

Italian Bonds Plunge, Euro Slides as EU Takes Aim at Budget Plan

www.bloomberg.com

Italy's bonds plunged Thursday just hours after the Treasury successfully conducted a bond-exchange operation as the European Union's executive body dispatched a letter to the nation's government and investors sharpened their focus on…

Treasury's Currency Report Seen as China's Final Warning as Yuan Falls

www.bloomberg.com

While the U.S. Treasury stopped short of labeling China a currency manipulator in its latest semiannual report, the department's sharpened language didn't escape the foreign-exchange market's notice. In a break from recent releases,…

19

EU Says Italy's Planned Budget Deviation Is `Unprecedented'

www.bloomberg.com

The European Commission said Italy's spending plans are excessive and asked for an explanation, the first step in what threatens to become a full-blown standoff between Brussels and Rome. Bonds plunged as Commissioners Valdis Dombrovskis…

14

Secrecy Shrouds EU Dinner in Bid to Avoid Upset: Brexit Update

www.bloomberg.com

Prime Minister Theresa May said she is weighing a plan that would keep the U.K. bound to European Union rules for longer to try to break the deadlock over the post-Brexit Irish border. She holds a press conference this afternoon. Time…

13

This Man Is Playing a Big Role in Brazil's Election—and He Isn't Even on the Ballot

www.bloomberg.com

One of the decisive figures in Brazil's Oct. 28 presidential vote may not be either man on the ballot. Lionized by the right, loathed by most of the left, Sergio Moro, the judge who oversaw the sprawling Operation Carwash corruption…

China Dodges a Bullet in Trump's Currency War

www.bloomberg.com

Want to receive this post in your inbox every day? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more. Egged on by President Donald Trump, the U.S. Treasury escalated its rhetoric…

11

Khashoggi Crisis Widens Trump Rift With Congress on Saudi Arabia

www.bloomberg.com

President Donald Trump is facing increased pressure from Congress over his handling of journalist Jamal Khashoggi's disappearance, exposing a widening rift between the White House and Capitol Hill over the U.S. relationship with Saudi…

10

China Stock Market Rocked by Forced Sellers; Yuan Hits Fresh Low

www.bloomberg.com

Chinese shares extended the world's deepest slump and the yuan touched its weakest level in almost two years, testing the government's ability to maintain market calm as risks mount for Asia's largest economy. Fears of widespread margin…

09

Brexit Bulletin: How Much Longer?

www.bloomberg.com

Today in Brexit: European leaders were very polite to Theresa May in Brussels last night. But their verdict was clear. Brexit talks haven't made enough progress to make it worth calling a special Brexit summit next month. Now Prime…

08

Trump Offers Brexiters a Trade-Shaped Gift

www.bloomberg.com

U.S. Trade Representative Robert Lighthizer has sent a gift to Brexit supporters. His letter notifying Congress that the Trump administration plans to seek a “cutting-edge” free-trade deal with the U.K. was music to the ears of those who…

Wednesday, Oct 17

00

Theresa May Considers Longer Transition to Break Brexit Deadlock

www.bloomberg.com

Follow @Brexit on Twitter, join our Facebook group and sign up to our Brexit Bulletin. U.K. Prime Minister Theresa May is weighing up a plan to stay tied to European Union rules for longer in a radical move designed to break the deadlock…

US Spares China From Yuan-Manipulator Label Amid Trade War

www.bloomberg.com

The Treasury Department stopped short of declaring China a currency manipulator in its semi-annual report on foreign-exchange rates, averting an escalation of a trade war while serving notice that the U.S. will be closely watching the yuan…

22

Barnier Says Talks Need 'Much More Time': Brexit Update

www.bloomberg.com

Prime Minister Theresa May met fellow leaders in Brussels hoping to break the Brexit impasse. The main stumbling block is the Irish backstop -- a clause in the exit deal that aims to prevent a policed border emerging on the island of…

19

'Wake 'n Bake,' Plunging Stocks Greet Canada's Legal Pot Debut

www.bloomberg.com

Shoppers loaded up in Halifax, rolled giant joints at a “Wake 'n Bake” in Toronto and racked up a 100 online orders in a minute in Manitoba, as Canada became the first Group of Seven country to legalize recreational marijuana, giving it a…

16

May Offers Hint on Strategy to Keep DUP on Board Brexit Train

www.bloomberg.com

U.K. Prime Minister Theresa May reassured her Northern Irish allies that the future shape of the nation's relationship with the European Union will be clear when she agrees divorce terms with the bloc, as she sought to stop them abandoning…

12

European Car Lobby Warns No-Deal Brexit Threatens Business Model

www.bloomberg.com

Europe's car lobby said a no-deal Brexit would threaten the very business model of companies operating in the U.K. and on the continent, urging negotiators to do everything in their power to avert a worst-case scenario on the eve of a…

01

US Beats Singapore to Top of Global Competitiveness Rankings

www.bloomberg.com

The U.S. is back at the top of the global competitiveness league, according to the World Economic Forum, which praised the nation's entrepreneurial culture and financial system while noting its “weakening social fabric.” In a report that…

The Best Way Trump Can Squeeze China on Trade

www.bloomberg.com

Beyond the name change, President Donald Trump's new U.S.-Mexico-Canada Agreement isn't that different from the North American Free Trade Agreement that it replaced. But hidden in the bowels of the new trade deal is a clause, Article 32.10…

Tuesday, Oct 16

00

Cornered at Home, May Heads Into EU Summit Battle Over Brexit

www.bloomberg.com

Theresa May was told the latest Brexit proposals would be thrown out by Parliament in a stark reminder of the constraints on the U.K. prime minister as she heads into a summit to try to break the deadlock. According to three people…

22

Brazil's Bolsonaro Says He Doesn't Want David Duke's Support

www.bloomberg.com

The right-wing front-runner in Brazil's presidential race rejected support from supremacist groups after reportedly receiving praise from David Duke, a former Grand Wizard of the Ku Klux Klan. “I reject any type of support coming from…

20

Tusk Says Breaking 'Impasse' Needs UK Proposals: Brexit Update

www.bloomberg.com

Prime Minister Theresa May briefed her Cabinet on Brexit, calling for unity to deliver a good deal. Meanwhile European ministers have gathered in Luxembourg, and the question now is whether leaders meeting Wednesday for dinner can find a…

13

Brazilians Are Spewing Hatred at Each Other Ahead of Presidential Runoff

www.bloomberg.com

So who are you voting for? In Brazil today, that's an explosive question. If your answer is the former Army captain Jair Bolsonaro, you are immediately branded a “fascist” by some. If your answer is the Workers' Party candidate, Fernando…

12

Bankers Are Flocking to Canadian Cannabis Startups

www.bloomberg.com

Peter Aceto spent 21 years in banking, building an online lender in Canada for ING Groep NV and Bank of Nova Scotia. The executive, who left Scotiabank's Tangerine unit 18 months ago, is now blazing a career with other bankers in cannabis.…

10

Germany’s Shrinking Political Center - Bloomberg

www.bloomberg.com

After 13 years in power, German Chancellor Angela Merkel remains Europe's indispensable leader. Increasingly, however, German voters feel she is no longer required. Domestic support for Merkel's brand of centrism is collapsing. This puts…

09

Brexit Bulletin: Creative Thinking Needed

www.bloomberg.com

Today in Brexit: Some calmer words on both sides after the weekend's bust-up. U.K. Prime Minister Theresa May struck a conciliatory tone in Parliament on Monday – avoiding the combative flourishes of late – and on the other side of the…

Trump Says Administration's Attendance at Saudi Event Now Uncertain

www.bloomberg.com

President Donald Trump said he's uncertain whether his administration will participate in a Saudi investment conference as CNN said the kingdom is preparing a report saying Jamal Khashoggi died as the result of an interrogation that went…

Australia May Follow Trump in Moving Its Embassy in Israel

www.bloomberg.com

Australia is considering following U.S. President Donald Trump's lead in moving the nation's embassy in Israel to Jerusalem. “Australia should be open-minded to this,” Prime Minister Scott Morrison told reporters in Canberra on Tuesday.…

02

Brexit Used to Mean Brexit. What Does it Mean Now?

www.bloomberg.com

By now, everyone should know exactly what that terms means, but that's the problem – nobody really knows. By. John Authers. October 15, 2018, 3:19 PM PDT. Brexit Used to Mean Brexit. What Does it Mean Now? By. John Authers. ,. October 15,…

May and Macron Strike Dovish Tone Before Big Brexit Summit

www.bloomberg.com

Follow @Brexit on Twitter, join our Facebook group and sign up to our Brexit Bulletin. U.K. Prime Minister Theresa May struck a conciliatory tone on Brexit a day after negotiations broke down, as she joined her French counterpart in…