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Turkey limits credit card use for foreign travel, tourism sector takes a blow

Will China ever get rich? A new era of much slower growth dawns

European shares slip as Richemont, China data drag

European shares fell on Monday as Richemont led a slide among luxury firms on weaker-than-expected organic sales growth and as lacklustre economic growth in China raised concerns about demand from the world's second-biggest economy.

Swedbank profit exceeds forecast as real estate slump leaves scant mark

Swedish banking group Swedbank reported a bigger-than-expected rise in net profit on Tuesday on the back of higher interest income, and said its credit quality was solid as loan impairments fell sequentially in the second quarter.

El Salvador arrests more than 100 Colombians in financial scheme

Salvadoran police arrested more than a hundred Colombians for their alleged involvement in operating a microfinancing scheme that laundered money from drug running and gang activities, security officials said on Monday.

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