ANKARA - A grand new palace, toothless opposition and fawning ruling party have helped Tayyip Erdogan craft a powerful role as Turkey's head of state; but elections may yet deny him his goal of a full executive presidency and sow political uncertainty.
ROME - Accommodative monetary policy will remain necessary for as long as global growth remains weak, IMF managing director Christine Lagarde said in a newspaper article published on Wednesday.
ISTANBUL - President Tayyip Erdogan's tightening grip on power is likely to meet little more than symbolic resistance from the West next year, as Turkey's G20 presidency and the fight against Islamic State trump concerns about a slide towards authoritarianism.
LONDON - The first single global capital rule for cross-border insurers will have to value assets in two ways due to a failure to merge accounting standards and a desire to keep U.S. support.
LONDON - The European Union has agreed rules to stamp out tax evasion and stop dirty money from criminal gangs or terrorism finance being channelled through anonymous companies.
MOSCOW - Former Soviet leader Mikhail Gorbachev called on Wednesday for a U.S.-Russia summit to be convened to prevent a deep freeze in Moscow's relations with the West over the Ukraine crisis.
LONDON - Prime Minister David Cameron will use talks in Ankara on Tuesday to ask Turkey to supply Britain with more and swifter information about Britons fighting in Syria and Iraq with Islamic State (IS), his spokesman said.
LONDON - Global financial regulators worry that banks are scaling back costly market making functions and that this could leave investors stranded, as well as squeezing funds to drive economic recovery, a senior official said on Tuesday.
BERLIN - Turkey and China's rating on perceived corruption has fallen steeply, according to Transparency International (TI), and the global watchdog called for closer international cooperation to root out graft and abuses of power.
LONDON (Thomson Reuters Foundation) - Efforts to end corruption will be undermined as long as corrupt officials are able to hide their ill-gotten gains in other countries, a global watchdog said on Wednesday as it released its annual corruption rankings.