(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
China’s banking sector grew riskier over the last year, with about 13% of the nation’s 4,379 banks and other financial firms considered “high risk” by the central bankMarket participants leaped at the opportunity to lock in end-of year funding at Monday’s Fed repurchase-agreement operation, the first to be conducted with a 2020 maturity. The central bank boosted the size of its next operation in responseThe IMF called on Japan’s government and central bank to cooperate more in support of the economyShawn Donnan combs through commentary in search of clarity on the status of U.S.-China talks in Terms of TradeThe Bank of Israel extended a pause in interest rates even as it conceded political uncertainty risks damaging the economyPrime Minister Boris Johnson’s manifesto has left a question mark over the size of the fiscal boost, suggesting a rate cut being the Bank of England’s next move is more likely, writes Dan HansonGermany’s economy looks to be carrying slightly more momentum, writes Jamie Rush, suggesting the growth outlook is now a little brighterPrime Minister Narendra Modi is finally attempting to overhaul India’s most controversial labor laws to attract investment and make it easier to do businessWhen Philippine President Rodrigo Duterte took office in 2016, he promised $165 billion in spending to “build, build, build.” After a false start, he’s trying againFor the first time since President Volodymyr Zelenskiy took power this year, more Ukrainians say the country is headed in the wrong direction than notHong Kong’s public doubts China will soften its stance after local election rout
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