Bloomberg Politics

Leftist Colombia Leader Delivers the Paralysis Markets Want

Gustavo Petro’s dream of becoming an inspirational leftist leader who would jettison Colombia’s conservative economic orthodoxy is fading just 10 months into his presidency — stymied by scandals hitting top aides and the defection of allies in his coalition.

Turkey’s Simsek Promises ‘Credible Program’ for Economy

Turkey’s newly-appointed Finance Minister Mehmet Simsek said Wednesday he’d build a new team to manage the $900 billion economy and design a “credible program,” reinforcing expectations he’s preparing to unwind a low-interest rate policy that’s driven away investors and fueled a cost-of-living crisis.