Thailand’s economy has withstood coups and regime-changing protests for decades, luring manufacturers including Toyota Motor Corp. even when turmoil dented stocks and the baht. This time may be tougher.
Indonesia’s rupiah is “undervalued” after weakening to a four-year low and the central bank will keep its policy stance tight to restore investor confidence, Senior Deputy Governor Mirza Adityaswara said.
Coming up in the global economy this week are readings on inflation in the U.K. and growth in the euro region, the third Communist Party plenary session in China and retail sales in Brazil. In the U.S., Janet Yellen’s confirmation hearing in her bid to become the next chairman of the Federal Reserve will take center stage.
U.K. Prime Minister David Cameron underscored the dangers stemming from the first partial U.S. government shutdown in 17 years as Pentagon chief Chuck Hagel told allies the U.S. would fulfill its overseas duties.
India will take more steps to boost the economy in the coming weeks, the finance minister said, after the government approved changes to a century-old land law and set up a panel to speed up infrastructure projects.