In a continent where politics is still painted as a battle between the left and right wing, Peru is hard to place. Consider Sunday’s presidential election, in which an election-eve poll showed Pedro Pablo Kuczynski pulling slightly ahead of former frontrunner Keiko Fujimori. Both candidates are business-friendly pragmatists who have pledged to respect the free market, keep the country …

  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 …