Business Maverick: Wednesday May 8: Five Things You Need to Know to Start Your Day By Bloomberg
Christine Lagarde thought relations between China and the U.S were getting better, and that their trade talks were crawling toward the finish line. “We hope that is still the case but today rumors, tweets and comments are not very favorable,” the IMF chief said on Bloomberg TV. As forin China’s $13 trillion bond market, highlighting the widening fallout from the government’s campaign to rein in leverage. Companies defaulted on 39.
: the Reserve Bank of New Zealand, which is expected to cut interest rates today to fresh historic lows.Trump insists tariffs on Chinese imports will help the U.S. economy and be paid mostly by China.
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