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Indonesian central bank’s tough love won’t crisis-proof its currency

Just how worried are emerging markets about the dollar? We’ll find out in Jakarta. Bank Indonesia is expected to hold its key rate unchanged at 5.25 percent, having preemptively lifted rates by 1 percentage points in May and June to buy itself some insurance against the stronger dollar. The Turkish lira’s meltdown over the last week may have changed Governor ...

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Active money management is not dead yet

There’s a line of argument in the financial press that suggests that active money management is dying, a victim of high fees and underperformance versus low-cost indexing that captures average market returns. Newsflash: This is anything but the case. Active investing still dominates asset management around the world, and less than “18 percent of the global stock market is owned ...

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Stocks rise on small-cap strength as Turkey eases

Bloomberg US stocks halted the longest slide since March and the dollar was little changed after hitting a 14-month high as global markets steadied in the wake of Monday’s Turkey-induced turmoil. Crude climbed with gold and Treasuries fell. The S&P 500 Index advanced for the first time in five days amid thin summer trading. Small-cap shares were particularly strong, with ...

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