AI Bias Analysis
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The country's GDP expanded 2.5% in the first three months this year, compared to a year earlier, missing economists' expectations for a 2.6% growth.
Source
CNBC
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Indonesian stocks slumped to their lowest level in almost 14 months while the rupiah reached another record low, underscoring investor concern that persistently high oil prices are straining the country’s finances.
The US is proposing tariffs of at least 10% on imports from most major trading partners after an investigation into alleged forced labor. Mike Pompeo, former US state secretary, offers his view as investors also parse the latest development. (Source: Bloomberg)
One of Australia’s largest pension funds is snapping up completed apartment blocks rather than backing new developments, betting that high construction costs and interest rates make build-to-rent projects too risky.
USTR has proposed a 10% duty rate for economies that have adopted a full or partial prohibition on forced labor trade, and 12.5% for all other economies.
