Manufacturing Suffers in Japan and Korea
Asian stocks fell, with the regional benchmark index heading for its first monthly decline since May, as investors wait a speech by U.S. Federal Reserve Chairman Ben S. Bernanke and as reports showed lower industrial output in South Korea and Japan amid slowing economic growth.
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Post-Coup Turkey: Economic Instability and ISIS Threat
16:12 - After Turkish President Recep Tayyip Erdogan initiated a sweeping crackdown that has resulted in tens of thousands being arrested or removed from their posts, is the country left vulnerable to ISIS raids or attacks? And could its economy implode after Standard & Poor's downgraded the country's credit rating further into junk status? Bloomberg TV Canada's Rudyard Griffiths speaks to Aaron Stein, resident senior fellow at the Atlantic Council's Rafik Hariri Center for the Middle East, about the internal situation and to senior banking analyst Bloomberg Intelligence's Jonathan Tyce joins the conversation on why the country's long-time reliance on foreign direct investment has now transferred a lot of pressure on to Turkey's banks. (Source: Bloomberg)