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Indonesia growth slows to 4-year low adding to calls for rate-cut

Bloomberg Indonesia’s economy expanded at its weakest pace in four years in 2019, opening the door for additional interest-rate cuts as the nation braces for the impact of a spiraling coronavirus crisis. Gross domestic product rose 5.02% last year, broadly in line with the 5.04% forecast in a Bloomberg survey of economists, according to data released Wednesday. Fourth-quarter growth of ...

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What’s in PM Modi’s budget for Indians? Precious little

An all-out push to revive its sputtering economy is not within India’s reach. Instead of spending meager local resources to rebuild faltering demand, New Delhi is betting that world growth this year will be down in the dumps — and that will make India appear attractive to foreigners even when it really isn’t. The budget unveiled by Prime Minister Narendra ...

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Better days are here for fund managers

What a difference a year makes. This time in 2019, all of the numbers at DWS Group GmbH were heading in the wrong direction. Four consecutive quarters of outflows in 2018 drove assets under management to their lowest in at least two years, revenue declined, and the firm’s cost to income ratio rose. The German fund manager was far from ...

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