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Final US Presidential Debate

Final US Presidential Debate: Donald Trump and Hillary Clinton go head-to-head in the last TV debate before America decides who it wants in the White House.
In a special programme in the run-up to the debate, we consider what each candidate needs to do, in front of millions of viewers across the country, to improve their chances of winning.
All this with live guests throughout the programme. From Washington, Alexis Goldstein, activist and financial reform advocate, Peter Morici, Professor of International Business at the University of Maryland and from Singapore, Tony Nash, Chief Economist and Managing Partner at Complete Intelligence.
Listen to the podcast in BBC World Service
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Editorials

Is China’s Market a Falling Knife

Everyone’s China’s market expert in the wake of the recent dramatic fall of Shanghai’s equity index. Everyone.

 

Despite the fact that the Shanghai Composite Index is up 72% from a year ago and is up 16% year to date — making this the third-best performing market globally — everyone knows China’s markets are a one-way bet. Short them. The market is stretched, and the Chinese government is panicking to prop it up. And everyone suspects the Chinese government can’t possibly know what it’s doing through its equity market meddling.

 

This, despite the fact that the Chinese government has brought more people out of poverty over the last 30 years than any organization — government or otherwise — in the history of mankind.

 

Perhaps that is precisely why the Chinese government is meddling in the market. They, like the U.S. Treasury Department and Federal Reserve in 2008, do not want to see small investors lose their savings and want to avoid systemic shocks.

Read More in Nikkei Asian Review
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Visual (Videos)

US Election: How Will Results Impact Markets

Tony Nash, chief economist and managing partner at Complete Intelligence, discusses the US election and how the results could impact markets around the world. He speaks to Bloomberg’s Yvonne Man and Betty Liu on “Bloomberg Daybreak: Asia.”
Watch Bloomberg Daybreak Asia
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Editorials

Free Trade Ain’t Dead but a New Approach is Needed

27 June 2016 | CNBC

Last week’s Brexit vote by the United Kingdom came as a surprise to many. In a single day of broad democratic participation, the majority of U.K. voters chose to undo 40 years of integration at the heart of the world’s largest trading bloc. Free trade agreements (FTA) have had an impressive run.

 

Over the last 25 years, the value of trade has grown by five times, according to the World Bank. Unfortunately, trade growth has slowed in recent years, with the value of 2015 global trade down 14 percent, according to the CPB World Trade Monitor.

Weak global demand and slowing appetites for trade liberalization are the key factors. While free trade is not dead, the utility of incremental tariff reductions under FTAs is diminishing rapidly.

From a demographic perspective, free trade is evolving to meet political demands for trade “fairness” in the greying developed world as productivity and income growth grind to a halt.

Trade revisionism has dominated recent U.S. politics, to be sure, but the movement is also alive and well in other industrialized countries, particularly in Europe, and has already intensified post the Brexit vote.

Read More in CBNC
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Podcasts

GSK to ‘Drop Patents in Poor Countries’

The British drug’s manufacturer, GlaxoSmithKline or GSK, says it will not file patents for its products in the world’s poorest nations. The step may make some important new medicines more affordable in the developing world, by leaving the way clear for generic companies to make cheap copies of GSK’s drugs. Rohit Malpani, director of policy and advocacy at Medecins Sans Frontieres, gives his reaction.

 

The Argentine Congress has taken an important step towards resolving the country’s long legal battle over a default on its foreign debt. It has agreed to repeal legislation making it impossible for the government to carry out an agreement with a group of creditors who have been seeking repayment through the US courts. President Mauricio Macri has favoured the deal. The previous Argentine leader, Cristina Fernandez, had refused to negotiate, describing the creditors as vultures. BBC South America business correspondent, Daniel Gallas, has the latest.

 

Zaha Hadid, the award-winning architect and designer of some of the world’s most famous modern buildings, has died of a heart attack at the age of 65. She was born in Iraq but became a British citizen. Zaha Hadid had designed high-profile buildings across the world including the Guangzhou Opera House in China and the London Aquatics Centre for the 2012 Olympic Games. How important was she? Anna Winston is editor of the online architecture magazine Dezeen.

 

Roger Hearing is joined throughout the programme by Tony Nash chief economist at Complete Intelligence in Singapore and Shikha Dalmia, a senior analyst at Reason Foundation in Detroit, Michigan.

Listen to the GSK story in BBC World Service