Overseas Headlines- February 25, 2020

United States:

Trump Says Markets Are Down Over Bernie Sanders Worries

“President Donald Trump said Democratic presidential front runner Bernie Sanders is advocating “totally unaffordable” policies that are “not going to work” during a meeting with business leaders Tuesday at the U.S. embassy in New Delhi. “When we win re-election – I think we will – when we win, I think the market’s going to go up, it’s going to be like a rocket ship, like last time, but even more so,” Trump said. “I think the fact that the Democrats are so radical, so out of control, they honestly don’t know what they’re doing.” ”



BOE’s Haldane Says Brexit Uncertainty Lifting From Economy

“Most of the Brexit uncertainty that has been overshadowing the U.K. economy has lifted, although it’s too early to say business investment is fully returning, according to Bank of England Chief Economist Andy Haldane. A “big chunk, if not all” of the uncertainty has dissipated, Haldane said in answer to questions following a speech at Bloomberg’s European headquarters in London Monday. That’s contributing to investment starting to pick up, but it’s “too early to declare victory,” he said.”



Japan to Expand Exemptions to Tighter Foreign Investment Rules

“Japan plans to further loosen restrictions on foreign investors seeking to buy shares in companies related to national security, a person familiar with the matter said. Japan is working on a new rule that would require foreign investors to report in advance when they plan to buy more than 1% of shares in companies in sensitive industries. Portfolio investing by financial institutions such as asset managers and hedge funds were previously reported to be exempt from the rule, but the person familiar with the matter said such investments by family-run funds, university endowments and corporate pension funds will also be granted special dispensation.”


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