Ankara / AFP Turkey’s central bank cut a key interest rate at the debut meeting of its new governor in a move aimed at reassuring skittish investors but that disappointed the government. The bank said the overnight marginal funding rate was trimmed 50 basis points, as expected by analysts, to 10 percent from 10.50 percent. It left the one-week ...

  SYDNEY/ Reuters Australian banks on Thursday promised unprecedented reforms to protect consumers and boost transparency following revelations of misconduct and ahead of a federal election set to be fought partly over calls for tougher sector oversight. The package includes reviewing sales commissions, supporting whistle-blower employees and black-listing individuals for poor conduct, the Australian Bankers Association (ABA) said. The politically ...

  Bloomberg Indonesia’s central bank has paused its monetary policy easing ahead of adopting a new benchmark interest rate in August aimed at spurring lending and growth in Southeast Asia’s biggest economy. Governor Agus Martowardojo and his board kept the reference rate at 6.75 percent, Bank Indonesia said Thursday, in line with the forecasts of 23 of the 26 economists ...