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Indonesia to Revoke Lawmaker Allowances That Triggered Protests

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The Indonesian parliament will revoke hefty allowances and place a moratorium on overseas visits by lawmakers, which were flash points in the week of protests that have rocked the Southeast Asian nation.

Political parties are also taking firm action against their erring members, including revoking their membership in parliament, effective September 1, President Prabowo Subianto said in a televised address on Sunday.



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Funding & Business

Australian Home Prices Climb for Seventh Month After Rate Cuts

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Australian home prices advanced for a seventh straight month, fueled by lower borrowing costs and a supply shortfall in major cities.

The Home Value Index rose 0.7% in August, property consultancy Cotality said in a statement on Monday. Brisbane’s 1.2% increase was the top monthly gain while bellwether Sydney climbed 0.8%.



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Stock Market’s Fate Comes Down to the Next 14 Trading Sessions

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The next few weeks will give Wall Street a clear reading on whether this latest stock market rally will continue — or if it’s doomed to get derailed.

Jobs reports, a key inflation reading and the Federal Reserve’s interest rate decision all hit over the next 14 trading sessions, setting the tone for investors as they return from summer vacations. The events arrive with stock market seemingly at a crossroads after the S&P 500 Index just posted its weakest monthly gain since March and heads into September, historically its worst month of the year.



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Funding & Business

Emerging Markets’ Trump Rally at Risk as Tariff Reality Kicks In

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The start of Donald Trump’s second presidency has matched his first term in proving a boon for emerging-market stocks, but the rally risks running out of steam given his trade and fiscal policies are also sinking corporate earnings.

The benchmark MSCI Emerging Markets Index has posted an advance every month from January through August this year, the first of Trump’s second term. That’s happened only twice before in the 37 years that investors have tracked emerging markets as an asset class: in 2017, also a Trump inaugural year, and in 1993, under Bill Clinton.



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