Yields on United States government bonds fell, signaling downgraded expectations for growth and extending a drop that began as the trade war intensified. Source: NYT > Business – The New York Times
Hong Kong’s Economy Shudders as Its Airport Descends into Chaos
Clashes at one of the world’s busiest transportation hubs could cast further doubt on the city’s future as a business capital on China’s doorstep. Source: NYT > Business – Raymond Zhong
As Saudis and Indians Grow Closer, a $15 Billion Deal Blooms
Seeking new markets, the Arab kingdom plans to buy 20 percent of the oil-related businesses of India’s biggest company, Reliance Industries. Source: NYT > Business – Vindu Goel
Argentine Peso Collapses as Macri’s Re-election Chances Drop
Stocks and bonds also slid as voters flirted with a return to interventionist economics by snubbing President Mauricio Macri and his market-friendly approach in primary voting. Source: NYT > Business – Reuters
Versace, Givenchy and Coach Apologize to China After T-Shirt Row
The luxury brands are the latest businesses to come under pressure from Chinese internet users for appearing to flout Beijing’s territorial claims. Source: NYT > Business – Elizabeth Paton
South Korea Retaliates Against Japan in Trade and Diplomatic Rift
South Korea said it would remove Japan from its list of countries entitled to preferential treatment in trade, following a similar move by Japan this month. Source: NYT > Business – Choe Sang-Hun