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Indonesia plans new stimulus package to fight virus threat

Bloomberg Indonesia is working on a second stimulus package to shore up Southeast Asia’s biggest economy, adding to the central bank’s aggressive moves to counter the impact of the coronavirus on financial markets. A new tranche of fiscal measures would be “sizable” and “bigger” than the first one of 10.3 trillion rupiah ($725 million) announced last week, Coordinating Minister for ...

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iPhone maker hopes return to normal in China by end-March

Bloomberg Hon Hai Precision Industry Co, Apple Inc’s most important manufacturing partner, expects its Chinese plants to begin operating normally by the end of March after resolving severe labor shortages brought on by the coronavirus outbreak. The Taiwanese company, which assembles the majority of the world’s iPhones from China, joins a growing number of corporations envisaging a return to normalcy ...

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Success eludes Musk in Japan car market

Bloomberg For all of Elon Musk’s domination of the burgeoning electric-vehicle business, Tesla Inc is struggling to get traction in Japan, a market he put on a pedestal early in the automaker’s early days. The day after taking the electric-car maker public in June 2010, the first Roadster sports cars shipped to Asia weren’t destined for Shanghai — they went ...

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