Mihir Sharma All too often, the stewards of India’s economy have been short of credibility. Politicians’ promises of economic reform are rarely fulfilled, bureaucrats’ assurances are widely disbelieved, and even India’s growth numbers have become objects of suspicion. Of late, one institution and its leader had proven exceptions to this rule: the Reserve Bank of India and its governor, Raghuram …

  Bloomberg The recovery in China’s housing market that helped underpin the economy in the first half is showing signs of tapering off. New-home prices excluding government-subsidized housing climbed in 60 cities in May, down from 65 in April, among the 70 tracked, the National Bureau of Statistics said. With less of a boost from a recovering property market likely …

  Bloomberg U.K. house prices continued to climb in June, with only the capital experiencing a decline ahead of this week’s referendum on European Union membership. Asking prices increased 0.8 percent to an average 310,471 pounds ($443,600), property website operator Rightmove said in report published on Monday. In London, they fell by 0.2 percent, hit by the effects of a …