AFP India is committed to protecting state banks suffering from mounting bad loans after they reported almost $2.7 billion in losses in the last two quarters, Finance Minister Arun Jaitley said on Monday. The banks are struggling under a mountain of soured loans, prompting central bank governor Raghuram Rajan to set a 2017 deadline for them to clean up ...

  Bloomberg Policy makers should move beyond short-term budget and inflation targets that leave their economies exposed to longer-term debt bubbles like the ones hindering growth since the 2008 financial crisis, Bank of Canada Governor Stephen Poloz said. Central banks with inflation targets like Canada’s are finding that the benefits gained from short-term stability can create dangers in the background ...

  BLOOMBERG Ghana is considering raising money through private bank loans, abandoning plans to sell as much as $1 billion of Eurobonds on concern its inability to raise targeted budget revenue may spark an investor selloff. With-lower-than-expected oil prices, the government can’t raise all the revenue needed to meet the budget gap, the Ministry of Finance said in a statement ...