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Indonesia is too wedded to monetary stability

Bank Indonesia wants you to know it really, really likes stability. The stoutness, on display when the central bank kept interest rates unchanged, does nothing to address Indonesia’s inflation problem. The problem is that it’s too low. Like a lot of emerging-market central banks, Bank Indonesia has the ability and capacity to cut rates. It made no bones about why ...

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Chinese tourists won’t be weapons for much longer

This was supposed to be the China-New Zealand Year of Tourism, but the celebration appears to be off. An influential Chinese state-owned newspaper reported that Chinese tourists were having second thoughts about traveling to New Zealand thanks to suggestions that its government might bar Huawei Technologies Co. from the country’s next-generation wireless networks. A senior official at China CYTS Tours ...

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Don’t stress over China’s ban on Australian coal

Stop worrying about China’s ban on Australian coal. A Reuters report that the northern port of Dalian had banned imports from China’s biggest supplier of the black stuff sent ripples through global markets, driving the Australian dollar down as much as 1.3 percent after a whipsawing day of trade. London-listed shares in Glencore Plc, Anglo American Plc and BHP Group ...

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