Italy Eyes New Vote; Violent India; Turkey Rate Revamp: Eco DayBy
Why China still faces a lengthy battle to tame shadow banking
Spain’s government nominates next central bank governor
Welcome to Tuesday Asia. Here’s news from Bloomberg Economics to help get your day started:
- Turmoil in Italy dragged on European markets as the nation’s populist leaders mobilize for early elections, heralding an uncertain new period for the country’s political and economic outlook.
- Spain’s government nominated the central bank’s head of research and statistics as its next governor. Pablo Hernandez de Cos, 47, is a fiscal conservative who will have a say in European monetary policy.
- The Turkish lira strengthened on optimism about the central bank bringing clarity to its interest-rate regime; Ziad Daoud reminds us of the maxim “never waste a good crisis” in his take on the policy shift
- Afraid for their safety, many Indian women are simply leaving the workforce or taking lower-paying jobs. Read how sexual violence is holding back the rise of India’s economy.
- Chinese regulators are making progress in their attempts to tame the country’s $10 trillion shadow banking sector. These charts show why there’s still a lengthy battle ahead.
- Scrapped metal: Malaysia’s Prime Minister Mahathir Mohamad said he’ll cancel a proposed multibillion-dollar high-speed railway link to Singapore, as the new leader reins in expenditure.
- Why it’s no longer an issue of if, but when the Bank of Canada raises interest rates.
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