Economy News
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Reading in her hotel room in 1996, geology student Cao Jing noticed something alarming: the pages of her book were being coated with brown coal dust.
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The rupiah’s slump is fueling a surge in Indonesia’s costs of imported goods from iPads to soybeans, spurring Southeast Asia’s fastest inflation and increasing growth risks ahead of elections next year.
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U.S. stocks tumbled as a report showed weaker-than-forecast growth in service industries and partial government shutdown entered a third day. Treasuries reversed losses, while gold pared an earlier slide.
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The Philippines will withstand pressure stemming from the impending reduction of the Federal Reserve’s stimulus with growth exceeding 7 percent this year, central bank Governor Amando Tetangco said.
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