Bloomberg Surveillance

Southeast Asia risks facing tighter US regulations on the export and use of high-powered chips, threatening to stall the region’s AI-fueled economic boom.

Nigeria’s ambition to return to investment grade within the next three years may be overly optimistic, given how long similarly assessed sovereigns have historically taken to reach that level, according to S&P Global Ratings.

Russia’s economy is losing steam as Ukrainian attacks knock out industrial facilities, disrupt logistics and add to inflationary pressures.

China’s economy is entering the crucial final stretch before policymakers meet next month, with its momentum again at risk of fading.

A Federal Reserve Bank of New York report confirmed previous indications that the US Treasury used roughly $500 million worth of euros from its holdings in the July 31 intervention to prop up the yen that was coordinated with Japan.

Japanese Finance Minister Satsuki Katayama said ministry officials will continue to work closely with their counterparts in Washington to take appropriate action as needed in response to one-sided, rapid moves in the currency market, after the yen briefly fell below a key threshold.

A doubling of the Chinese currency’s share of global payments from the current 6%-7% is not impossible, according to the head of yuan internationalization at HSBC Holdings Plc.

Federal Reserve Bank of New York President John Williams said that US inflation remains high and that policymakers have to take further action to contain price pressures.

Treasury Secretary Scott Bessent says he is waiting to see if Democrats are “serious” in working to lower US debt levels, indicating that the Trump administration is willing to address “tax gimmicks” as part of a solution to reduce the nation’s deficits.

Peru raised interest rates for the first time in nearly four years to curb an inflation spike fueled by rising food and energy prices.

President Luiz Inácio Lula da Silva’s government is preparing additional budget measures to improve fiscal results next year, stepping up efforts to shore up public finances amid investor concerns about rising public debt, according to a person familiar with the discussions.

Ghana’s Finance Minister Cassiel Ato Forson outlined plans to spend $10 billion over the next four years to lift economic growth to 8%, and repay some debt due next year ahead of schedule.

Argentina’s inflation ticked up slightly in October on the heels of September’s pick-up, pointing to sticky price pressures that pose a challenge for President Javier Milei ahead of next year’s election.

Federal Reserve Bank of San Francisco President Mary Daly said further interest-rate increases will likely be needed to bring down inflation, adding that businesses are increasingly contemplating raising prices.

Colombia’s top bankers are warning that high government borrowing costs are driving up financing costs for businesses and damping investment.

Germany denied a report in Le Point that German Chancellor Friedrich Merz and French President Emmanuel Macron have agreed that Pablo Hernandez de Cos should take over the European Central Bank presidency from Christine Lagarde next year.

US previously owned home sales fell last month to a 16-year low as a cascade of negative news on mortgage rates and inflation deterred would-be buyers.

Federal Reserve Bank of Cleveland President Beth Hammack reiterated her view that higher interest rates are needed to combat inflation amid demand pressures driven by investments into artificial intelligence.

Brazil’s annual inflation rate rose further above target last month, though by less than forecast, adding to concerns over the government’s economic strategy and widening budget gap.

A tax on bond-interest payments could help lift Chinese yields from record lows.