The Market Monitor Minding the Nation's Business

Jakarta, Indonesia—Indonesia’s president announced a Cabinet reshuffle, replacing key economic ministers with the aim of speeding up infrastructure spending to revive sputtering growth and stabilize the sliding rupiah. 

Hong Kong—China’s unexpected move last week to lower the value of its tightly-leashed currency, the yuan, sent shockwaves through global financial markets. The impact on consumers around the world and China’s neighbors will take longer to play out, but possible winners and losers are already emerging. 

Tianjin—New explosions and fire rocked the Chinese port city of Tianjin last Saturday, where one survivor was pulled out and authorities ordered evacuations within a 3-kilometer (1.8-mile) radius to clean up chemical contamination. 

Sheboygan, Wisconsin—The second round of the PGA Championship offered a little bit of everything last Friday (last Saturday in Manila), except a conclusion.

Montreal—Top-ranked Novak Djokovic survived two match points and rallied to beat Latvia’s Ernests Gulbis, 5-7, 7-6 (7), 6-1, last Friday night (last Saturday morning in Manila) in the Rogers Cup quarterfinals. 

Rio de Janeiro—The World Health Organization’s (WHO) top water expert said last Friday (last Saturday in Manila) the body “never advised against viral testing” for Rio de Janeiro’s polluted waterways, where about 1,400 athletes will compete in Olympic events next year. 

National Basketball Association (NBA) superstar LeBron James is about to make life better for over a thousand kids by promising to pay college tuition for every single one of them. 

Houses in the Philippines are constantly exposed to two weather extremes: heavy rains and stifling heat.

Ayala Land Premier’s Park Terraces and Anvaya Cove recently bagged honors at the third annual Philippines Property Awards 2015, which was held recently at the Fairmont Makati hotel.

Review by Lindsey Bahr / The Associated Press It’s not until the climax of The Man From U.N.C.L.E., a colorful, Cold War-era spy thriller, that its main failing becomes clear: The plot doesn’t matter.