JAKARTA: Indonesia’s government has made a fresh appeal to the country’s exporters to exchange their holdings of foreign currencies to help support the tumbling rupiah, as Turkey’s financial crisis sparks fears of emerging market contagion.
NEW YORK (Aug 16): Forget the threats lobbed by Washington at Beijing, Ankara and Moscow. This is no global trade war and there is no reason to flee emerging markets, according to billionaire David Booth.
The co-founder of Dimensional Fund Advisors cited steady global growth, improving fundamentals and better policies from Argentina to Saudi Arabia as reasons for long-term optimism toward developing-nation assets. And while the Trump administration’s tariffs pose the biggest potential threat to investors, they have yet to reach a full-blown trade war.
GUEST: Since the early days of computing, there has always been this idea that artificial intelligence would one day change the world. We’ve seen this future depicted in countless pop culture references and by futurist thinkers for decades, yet the technology itself remained elusive. Incremental progress was mostly relegated to fringe academic circles and expendable corporate […]