Bloomberg President Ivan Duque named a University of Illinois-trained economist with policy-making experience to take a seat on the board of Colombia’s central bank. Arturo Jose Galindo was chief of the Inter-American Development Bank’s strategy development division. He previously worked as an economist at the Colombian central bank and as an adviser to the nation’s banking association. He will replace …

Bloomberg The pound is set for a yearly gain against the dollar, but it may struggle to take off further in the first quarter of 2020. Sterling has recovered almost 10% since hitting an almost three-year low in September, after Prime Minister Boris Johnson’s snap election in December lifted political deadlock in Westminster. The re-elected government’s solid majority should help …

Bloomberg India’s financial regulator predicted that an improvement in banks’ bad-loan ratios will reverse, as a slowing economy hurts borrowers’ ability to repay. In its latest Financial Stability Report, the Reserve Bank of India said soured debt at Indian lenders will rise to 9.9% of total credit by September 2020, after dropping the most in 15 years to 9.3% a …