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Indonesia’s Prabowo Ousts Finance Chief Purbaya After Rocky Year

Indonesian President Prabowo Subianto removed Finance Minister Purbaya Yudhi Sadewa just a year after his appointment, replacing a policymaker whose unorthodox approach and push for more spending had unsettled investors. Stocks pared losses.

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Principal’s Seema Shah Expects Another Fed Rate Hike This Year

Seema Shah, Principal Global Investors chief strategist, says markets may be pricing in one more …