Bloomberg China’s central bank said it will “increase counter-cyclical adjustment” to ward off downward pressure on the economy, while staying vigilant on the possibility of expectations that inflation may spread. The economy faces greater difficulties as investment growth slows and industrial production remains sluggish, the People’s Bank of China (PBOC) said in its third-quarter monetary policy report. The central bank …

Bloomberg The International Monetary Fund (IMF) and Democratic Republic of Congo agreed in principle to a new credit injection as the government faces slowing growth and declining foreign reserves. The IMF’s executive board is expected to consider the credit facility in mid-December, along with an IMF staff oversight programme that would last through May, the Washington, DC-based lender said in …

Bloomberg KBC Group NV’s chief executive apologised for his criticism of an Irish mortgage overcharging investigation, after his comments drew a public rebuke from the country’s prime minister, Leo Varadkar. Lawmakers from across the political spectrum rounded on Johan Thijs after he urged the Irish central bank to “turn the page” on the “annoying” inquiry into how thousands of customers …