(Bloomberg) -- Welcome to Thursday, Asia. Here’s the latest news from Bloomberg Economics:
- What have we learned 10 years after Lehman? Not enough, warns IMF Managing Director Christine Lagarde
- President Donald Trump said he has finished negotiating a new trade deal with South Korea and may sign it this month; he also said Nafta talks with Canada may progress within days
- As Indonesia’s currency plunges amid emerging-market turmoil, the 15,000-rupiah world of 2018 looks quite different from that of two decades ago
- The Philippine central bank plans to gradually bolster its foreign-exchange reserves, its deputy governor said in an interview
- New Zealand’s construction industry has slowed to a crawl as the Christchurch earthquake rebuild winds down
- The U.S. trade deficit widened in July by the most in three years and the gap with China hit a record