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Turkey limits credit card use for foreign travel, tourism sector takes a blow

Turkey's banking watchdog restricts credit card use for foreign travel, hurting the tourism sector and curbing currency outflows.

Istanbul , Turkey , Turks , Turkish , Cem-polatoglu , Turkish-airlines , Credit-card , Travel , Tourism , Credit-card-use , Turkey-credit-card , Credit-cards

El Salvador arrests more than 100 Colombians in financial scheme

Salvadoran police arrested more than a hundred Colombians for their alleged involvement in operating a microfinancing scheme that laundered money from drug running and gang activities, security officials said on Monday.

San-salvador , El-salvador , Colombia , Argentina , Guatemala , Bogota , Cundinamarca , Colombian , Salvadorans , Colombians , Guatemalan , Salvadoran

Will China ever get rich? A new era of much slower growth dawns

China is entering an era of much slower economic growth, raising a daunting prospect: it may never get rich.

Japan , Qiushi , Zhejiang , China , Huatai , Jiangxi , United-states , Shanghai , Wang-jun , Hebei , Beijing , Cai-fang

Singapore's clean reputation gets a timely test

Singapore could turn a governance crisis into an opportunity. Its transport minister S. Iswaran and Ong Beng Seng, the property billionaire credited with bringing Formula One to the city, were arrested and released on bail last week. The rare high-profile probe involving a public official by the hub’s anti-graft agency is a timely test of the Asian centre’s willingness to act tough on corruption.

Switzerland , Denmark , Beijing , China , Norway , New-zealand , Finland , Malaysia , Hong-kong , Singapore , Chinese , Swiss

Exclusive: China's CITIC to move dozens of Hong Kong bankers to mainland to cut costs -sources

China's CITIC Securities plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut costs and meet Beijing's call to bridge income inequality in the financial sector, people with knowledge of the matter said.

Beijing , China , Canada , Australia , Hong-kong , Australian , Canadian , Chinese , Xie-yu , Selena-li , Reuters , Citic

Factbox: Corporate debt woes are on the rise

From Britain to Sweden and France, debt-laden firms are starting to feel the strain from high inflation and interest rates.

United-kingdom , Spain , London , City-of , Czech-republic , France , Barcelona , Comunidad-autonoma-de-cataluna , Sweden , Britain , Swedish , Czech

Multilateral banks need major changes to boost lending - G20 panel

Multilateral development banks (MDBs) must undergo big changes in the way they operate to eliminate poverty, triple sustainable lending levels by 2030 and create a new funding mechanism to further its agenda, a G20 panel said in a report on Tuesday.

India , Ghana , China , Zambia , Gandhinagar , Gujarat , Lawrence-summers , Simon-cameron-moore , World-bank , International-monetary-fund , Reuters , Thomson-reuters-trust-principles

Swedbank profit exceeds forecast as real estate slump leaves scant mark

Swedish banking group Swedbank reported a bigger-than-expected rise in net profit on Tuesday on the back of higher interest income, and said its credit quality was solid as loan impairments fell sequentially in the second quarter.

Lithuania , Stockholm , Sweden , Swedish , Sherry-jacob-phillips , Jacqueline-wong , Niklas-pollard , Jens-henriksson , Swedbank , Reuters , Jp-morgan , Thomson-reuters-trust-principles

Saudi bourse hits nine-month high; Qatar eases

Saudi Arabia's stock market rose in early trade on Tuesday hitting its highest in nearly nine months on bets for an imminent end to U.S. interest rate hikes, while the Qatari bourse eased.

Ankara , Turkey , Qatar , Dubai , Dubayy , United-arab-emirates , Japan , Abu-dhabi , Abuz-aby , Bengaluru , Karnataka , India