SYDNEY (Reuters) – The price of Australian wool favored by Chinese clothing makers has dropped as much as 20% in the last fortnight, sales reports show, with would-be bidders shunning auctions as the Sino-U.S trade war ramped up.
The plan will include further reforming the Hukou system – a family registration program that serves as a domestic passport and regulates rural-to-urban migration, and expanding channels for making non-salary income, said Meng Wei, spokeswoman at the National Development and Reform Commission (NDRC).
Widodo listed minerals such as bauxite and nickel, as well as coal, palm oil and fisheries, as the type of resources Indonesia should process more of onshore to increase their value before exporting.
NEW YORK (Reuters) – Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a $486 million gain on a convertible note that made losses at the coworking firm appear a lot smaller.
Gross domestic product (GDP) growth in the second quarter beat the 4.8% rise forecast in a Reuters poll, and was quicker than the 4.5% annual pace in the first three months of 2019.
Federal Reserve Chairman Jerome Powell will probably cut interest rates again next month as insurance against a global slowdown, even with data rolling in that support his forecast for solid U.S. growth and higher inflation.