Word: indonesia
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Seoul than the Japanese yen and the Tokyo stock market plunged to their lowest levels in two years. Across the Pacific, the ill winds from Asia blew the Dow Jones industrial average into a 157-point drop on Wednesday. "The real problem in East Asia is not Thailand, Indonesia or the Philippines," says Kenneth Courtis, chief Asia-Pacific strategist for Deutsche Morgan Grenfell. "It is Japan and Korea...
...know that El Nino is caused by a decrease in the trade winds that blow east-west across the Pacific from Peru to Indonesia. To explain El Nino by global warming, you have to show that global warming caused these trade winds to cease...
...Only 4% of America's exports land in the more problematic Asian nations--Indonesia, Thailand, Malaysia and the Philippines--not nearly enough for troubles there to seriously cut into the earnings of U.S. companies, at least not directly. In fact, the Asian problems might not have even registered with American investors if not for the fact that stock prices in the U.S. are so high that they have become hypersensitive to any and all adverse news. "It doesn't take much to derail a market that has gone to the moon," says Stephen Roach, chief global economist for Morgan Stanley...
...dread scenario goes something like this: the emerging Asian economies--Thailand, Malaysia, Indonesia, Singapore and the Philippines--either slow sharply or sink into recession, and the ills spread throughout the rest of Asia, including Japan, which ships nearly half its exports to those countries. Japan's already sluggish economy buckles further, and because it is America's third largest trading partner, its difficulties are felt in the U.S., and ultimately throughout the world...
...that will force it to raise taxes, cut its budget and rein in the worst abuses in its out-of-control financial system. The IMF has also stepped in with new loans for the Philippines, and has begun putting together what could be a $15 billion rescue package for Indonesia...