Turkey’s banking regulator increased the reserves banks must set aside against consumer lending, the latest in a series of steps designed to slow loan growth and rein in a booming economy.
BusinessWeek.com — Finance
The index of U.S. leading indicators rebounded in May after declining for the first time in almost a year, a sign economic growth may pick up by the end of 2011.
BusinessWeek.com — Finance
The Bank of Korea raised interest rates for a third time this year to rein in inflation that has exceeded its target range and curb record household debt.
BusinessWeek.com — Finance
Emerging-market economies, growing almost three times faster than their developed counterparts, need to speed spending cuts and interest-rate increases as they fight inflation and overheating, the World Bank said.
BusinessWeek.com — Finance
Bank of America Corp., the largest U.S. lender by assets, increased its wagers in Italy and Spain by $ 888 million in the three months ended March 31.
BusinessWeek.com — Finance
National Australia Bank Ltd., the nation’s best-performing bank stock this year, said first-half profit rose 16 percent as it won mortgage customers and boosted fees from business banking.
BusinessWeek.com — Finance
Confidence among U.S. consumers rose for a third straight week, indicating an improving job market is shoring up Americans’ attitudes toward their finances and the economy.
BusinessWeek.com — Finance
China’s faster-than-expected growth in exports and imports last month may allow Premier Wen Jiabao to strengthen his fight against inflation, which probably exceeded his target for the ninth straight month in March.
BusinessWeek.com — Finance
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