Friday, October 23, 2009

Citigroup: Indonesian Stocks May Fall on Cabinet

(Bloomberg) -- Indonesian stocks may enter a “correction” on selling by investors to secure gains from Asia’s third-best rally this year because of concern Cabinet appointees lack economic experience, a Citigroup Inc. unit said. President Susilo Bambang Yudhoyono named two allies to key economics and energy ministry posts this week. The appointments may be seen as political pandering, compromising the government’s ability to drive growth, said Sunny Yoon, president director of PT Citigroup Securities Indonesia.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNOwxDMz2NRY

No comments:

Post a Comment

Kalender Ekonomi & Event


Live Economic Calendar Powered by Forexpros - The Leading Financial Portal