Bloomberg The Federal Reserve’s liftoff from near-zero interest rates in December sparked angst over how quickly the central bank would start whittling down its US$2.5 trillion hoard of Treasuries. It turns out that investors in the world’s biggest bond market had little cause for concern. The weaker-than-forecast labour report for May wiped out bets that policy makers would follow …

  Bloomberg India’s state-run banks will need more capital than promised by the government to boost credit growth as they grapple with bad loans of more than 4.7 trillion rupees (US$70 billion), the head of the nation’s largest lender said. “If you really want credit to speed up and infrastructure financing to take center stage then more capital is required …

  Bloomberg Croatia’s central bank plans to raise its 2016 growth forecast next month, Governor Boris Vujcic said, acknowledging a faster-than-expected economic expansion that has helped temper the risks of a political crisis threatening to bring down the government. The central bank expects no review to the newest EU member state’s budget this year and fiscal consolidation will continue, said …