(Bloomberg) -- Good morning, Asia. Here’s the latest news from Bloomberg Economics:

  • The U.S. will begin imposing 25 percent duties on an additional $16 billion in Chinese imports in two weeks, while a Fed survey shows the escalating trade war has prompted about 30 percent of U.S. manufacturers to review their capital spending plans
  • Unequal wealth distribution has led economists to question Fed leaders’ love for the New Keynesian model, born of their 1980s experience
  • Politics is shaping up as the wild card for Australia’s central bank as it prepares to release economic forecasts that are unlikely to factor in a potential hiring slump
  • President Trump’s renewed U.S. sanctions on Iran threaten to penalize even close allies -- this QuickTake shows how the penalties are undermining Iran’s economy
  • Has Chinese President Xi Jinping overreached? An economic slowdown, a tanking stock market, and an infant-vaccine scandal are feeding domestic discontent
  • Over in Turkey, while desperate measures are in the air, there’s a vacuum at the core of economic policy making
  • On the monetary policy front, Thailand is moving closer toward raising near-record low rates as officials meet today; the question facing Philippine policy makers tomorrow is not whether to raise for a third time, but by how much. Meantime, Argentina kept its key rate at 40 percent
  • An outflow of European bankers from London is damping prices and rents, according to a BOE policy maker
  • In India, Ikea will open its first store Thursday, bringing inexpensive Nordic-inspired furnishings and food to the world’s fastest-growing middle class. Here’s a quick overview of the coming general election in the world’s largest democracy
  • The Japanese university at the center of a sexism scandal apologized for “systematic” manipulation of test scores aimed at keeping female students out of medical school
  • Faith in humanity restored: A Swiss pensioner who lost 3,500 francs while buying plums at a local market was “overjoyed” to get his money back

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Chris Bourke

©2018 Bloomberg L.P.

Neuer Inhalt

Horizontal Line

SWI swissinfo.ch on Instagram

SWI swissinfo.ch on Instagram

SWI swissinfo.ch on Instagram

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.

Click here to see more newsletters