Bloomberg China’s financial regulator said it will implement a series of measures to shore up nation’s troubled smaller banks and insurers while continuing a clampdown on shadow financing, property speculation. The regulator will introduce measures to eliminate bad loans and promote mergers, capital injections and the restructuring of high risk institutions, the China Banking and Insurance Regulatory Commission said in …

ABU DHABI / WAM The UAE has condemned a decision by Turkey to send military forces to Libya in a stark violation of the international community’s and UN Security Council’s resolutions on Libya, according to Security Council Committee established pursuant to Resolution 1970 of 2011 to prevent the sale or supply of arms to Libya without its approval. Such a …

Bloomberg Bangko Sentral ng Pilipinas estimates oil prices will have to surge and persist at $90 a barrel for it to impact the central bank’s inflation forecast, Governor Benjamin Diokno said. It’s “too early to say,” Diokno said in a text message when asked if the latest geopolitical development between the US and Iran could threaten inflation targets and impact …