Colombo / AFP Sri Lanka’s economy has begun to stabilise after securing a $1.5 billion bailout earlier this year, but the island needs to build its dwindling foreign reserves, the IMF said on Saturday. The Washington-based International Monetary Fund said it had just concluded its first review of Sri Lanka’s economy after announcing the bailout in June and labelled ...

  Bloomberg Turkey’s top policy board chaired by Prime Minister Binali Yildirim said after a surprise meeting that the central bank will take any measures necessary to keep inflation under control. Economy Coordination Board met in Ankara to discuss how to insulate the economy from the recent volatility in financial markets, which policy makers decided were mostly due to global ...

  New York / AFP Ford announced it will keep producing an SUV model in Kentucky, rather than move it to Mexico, in a decision overplayed by President-elect Donald Trump who claimed he had saved an entire plant from closure. Trump repeatedly took aim at Ford and other groups during the White House campaign for moving production overseas in search ...