Economy

ISTANBUL (Reuters) – The International Monetary Fund called for continued tight, data-driven monetary policy in Turkey until inflation converges to target as it concluded an Article IV consultation. Higher interest…

By Samuel Shen, Ankur Banerjee and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s highly anticipated announcement of financial stimulus plans on Saturday was big on intent but low on the measurable…

BEIJING (Reuters) – China’s finance ministry on Saturday unveiled a fiscal stimulus package aimed at reviving the flagging economy and achieving the government’s growth target, though it did not disclose…

SINGAPORE (Reuters) – China said on Saturday it will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks’…

By Kevin Yao and Joe Cash BEIJING (Reuters) – China said on Saturday it will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the…

BEIJING (Reuters) – Four of China’s biggest state-owned banks announced cuts on Saturday to existing mortgage rates starting on Oct. 25, as the authorities ramp up efforts to stimulate the…

By Suban Abdulla LONDON (Reuters) – Britain’s new Labour government may need to increase taxes by 20 billion pounds ($26 billion) in its first budget on Oct. 30 to avoid…

(Reuters) – The International Monetary Fund on Friday approved measures to reduce its members’ borrowing costs by about $1.2 billion annually, the fund’s Managing Director Kristalina Georgieva said. “The approved…

By Moira Warburton WASHINGTON (Reuters) – Republican presidential candidate Donald Trump and members of his party running for the U.S. Senate are blaming immigrants for the rising cost of housing,…