Shanghai / Bloomberg China’s near-term economic outlook is being buoyed by policy support even as its medium-term prospects become more uncertain because of rapidly rising credit, excess industrial capacity and financial sector risks, the International Monetary Fund said. Overall reforms have advanced impressively in areas from shifting to services as a greater driver of growth to liberalization of financial ...

  New Delhi / AFP India’s consumer prices rose faster than expected in May due to higher food costs, official figures showed, which will likely lead the central bank to hold off lowering interest rates. The inflation rate increased to 5.76 percent from a year earlier, substantially higher than the 4.8 percent recorded in March and 5.4 percent in April, ...

  BEIJING / AP Chinese and American officials said on Tuesday they’re committed to bridging their differences on cybersecurity and moving to implement recent agreements, as they held talks amid complaints over China-based hacking operations that the US says may have already cost US companies tens of billions of dollars. Repeated meetings between the sides on cybersecurity indicate the seriousness ...