Australia's Cormann: Budget Aimed at 'Stronger Growth'
Australian Finance Minister Mathias Cormann talks about the government's budget, economic policies and the nation's credit rating. Prime Minister Tony Abbott's coalition announced a tax cut for small Australian businesses and a A$3.5 billion ($2.8 billion) package to make childcare more affordable in Tuesday's budget. Cormann speaks from Canberra with Rishaad Salamat on Bloomberg Television's "Trending Business." (Source: Bloomberg)
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Ratings Firms Face Challenges in China
51:29 - Evergrande has a AAA rating from China's Chengxin Ratings firm while the three main foreign assessors classified it as being junk. This divergence isn't rare and as China opens up its credit rating market to foreign-owned companies, it may not be as easy as they hoped to get established in the country. Bloomberg's Andrew Monahan reports on "Bloomberg Markets: Asia." (Source: Bloomberg)