GO
Loading...

World Bank

More

  • ANALYSIS-Africa set to switch on gas-to-power potential Thursday, 16 Oct 2014 | 6:05 AM ET

    *World Bank, Barack Obama behind "Power Africa" legacy. JOHANNESBURG, Oct 16- Africa's under used gas reserves, either exported or burnt away into the sky, are set to play a big role in stemming the continent's crippling electricity void, a shift that should boost economies and small-cap energy firms. Driven by huge recent finds in East Africa, sub-Saharan gas...

  • WASHINGTON, Oct 13- Russia's VTB Bank will slightly reduce its presence in London and the rest of Western Europe but keep its core operations there, the bank's chief executive said. "We will of course shrink our structure in London and Western Europe, but it will only be slightly," VTB CEO Andrei Kostin told reporters on the sidelines of the IMF and World Bank meetings...

  • *Japan shut for holiday, China trade data in focus. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 percent, extending last week's 1.1 percent drop. At an International Monetary Fund and World Bank meeting in Washington on Saturday, IMF member countries called for bold action to bolster the global economic recovery and flagged Europe as a...

  • Finance ministers seek to boost global recovery Sunday, 12 Oct 2014 | 1:14 AM ET

    Managing Director Christine Lagarde said at a news conference that the IMF has made $130 million available to Guinea, Liberia and Sierra Leone and that the IMF and other international agencies stood ready to do more. In addition to the $130 million in interest-free loans being provided by the IMF, the World Bank is providing $400 million for the Ebola efforts.

  • WASHINGTON, Oct 11- Reserve Bank of India Governor Raghuram Rajan said on Saturday there would be some volatility in emerging markets once the U.S. The rest of the world will benefit from U.S. growth, "Rajan said at an event on the sidelines of the International Monetary Fund and World Bank fall meetings. "It could create some volatility for the emerging markets... my...

  • Brazil has been preparing for the hikes by amassing currency reserves and maintaining a floating currency, Tombini said on the sidelines of the International Monetary Fund and World Bank fall meetings in Washington.

  • China's central bank sees 'very low' risk of hard landing Saturday, 11 Oct 2014 | 11:47 AM ET

    WASHINGTON, Oct 11- The chance of a hard landing for China's economy is very small in spite of worries about the country's real-estate sector, the chief economist of the People's Bank of China said on Saturday. Ma Jun told a panel on the sidelines of the IMF and World Bank fall meetings in Washington that the property sector, which accounts for 20 percent of total...

  • WASHINGTON, Oct 10- Bank of Israel Governor Karnit Flug voiced openness on Friday to reducing interest rates further or using other unconventional policy tools to boost inflation back to the target range. She was speaking during the annual meetings of the International Monetary Fund and World Bank. Countries like Switzerland and the Czech Republic which...

  • WASHINGTON, Oct 9- The mix of low interest rates, high liquidity and low volatility in the global economy is "not without danger," European Central Bank Governing Council member Jens Weidmann said on Thursday. Speaking on the sidelines of World Bank and International Monetary Fund meetings, Weidmann said he expected discussion on Friday, when Group of 20...

  • *Venezuela may seek to annul World Bank tribunal's award. CARACAS, Oct 9- A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country. "The Tribunal has found that the expropriation was conducted in accordance with due process, that it was...

  • COLUMN-Old measures for New Mediocrity: James Saft Thursday, 9 Oct 2014 | 4:20 PM ET

    Oct 9- The IMF's "new mediocre" has the sound of a threat, but we may end by wishing it was a promise. The global economy is "looking into the face of what we have called the risk of a new mediocre" period in economic growth, "IMF managing director Christine Lagarde said on Thursday in Washington D.C. at the annual IMF and World Bank meetings. The IMF's advice relies heavily on...

  • AP Top Financial News At 10 a.m. EDT Thursday, 9 Oct 2014 | 10:00 AM ET

    US stocks open slightly lower after a big gain Study: Vietnamese, Chinese choose capitalist road Applications for US unemployment aid fall to 287 K PepsiCo's strong 3 Q sends shares toward new high Endo Intl to buy Auxilium in deal worth $2.6 B Icahn renews quest for Apple share buyback African leaders, UN, IMF, World Bank discuss Ebola Airport screening for Ebola:...

  • AP Top Financial News At 9:52 a.m. EDT Thursday, 9 Oct 2014 | 9:52 AM ET

    US stocks open slightly lower after a big gain Study: Vietnamese, Chinese choose capitalist road Applications for US unemployment aid fall to 287 K PepsiCo's strong 3 Q sends shares toward new high Endo Intl to buy Auxilium in deal worth $2.6 B Icahn renews quest for Apple share buyback African leaders, UN, IMF, World Bank discuss Ebola Airport screening for Ebola:...

  • AP Top Financial News At 9:47 a.m. EDT Thursday, 9 Oct 2014 | 9:47 AM ET

    US stocks open slightly lower after a big gain Study: Vietnamese, Chinese choose capitalist road Applications for US unemployment aid fall to 287 K PepsiCo's strong 3 Q sends shares toward new high Endo Intl to buy Auxilium in deal worth $2.6 B African leaders, UN, IMF, World Bank discuss Ebola Airport screening for Ebola: 5 things to know Kindred Healthcare buying...

  • AP Top Financial News At 9:39 a.m. EDT Thursday, 9 Oct 2014 | 9:39 AM ET

    US stocks open slightly lower after a big gain Study: Vietnamese, Chinese choose capitalist road Applications for US unemployment aid fall to 287 K PepsiCo's strong 3 Q sends shares toward new high Endo Intl to buy Auxilium in deal worth $2.6 B African leaders, UN, IMF, World Bank discuss Ebola Kindred Healthcare buying Gentiva in $719.6 M deal German recession...

  • AP Top Financial News At 9:34 a.m. EDT Thursday, 9 Oct 2014 | 9:34 AM ET

    Study: Vietnamese, Chinese choose capitalist road Applications for US unemployment aid fall to 287 K Global stock rally runs out of steam PepsiCo's strong 3 Q sends shares toward new high Endo Intl to buy Auxilium in deal worth $2.6 B African leaders, UN, IMF, World Bank discuss Ebola Kindred Healthcare buying Gentiva in $719.6 M deal German recession threat as...

  • AP Top Financial News At 9:32 a.m. EDT Thursday, 9 Oct 2014 | 9:32 AM ET

    Applications for US unemployment aid fall to 287 K Global stock rally runs out of steam PepsiCo's strong 3 Q sends shares toward new high Endo Intl to buy Auxilium in deal worth $2.6 B African leaders, UN, IMF, World Bank discuss Ebola Kindred Healthcare buying Gentiva in $719.6 M deal German recession threat as exports plunge Ahead of the Bell: Gap Ahead of the Bell:...

  • World Bank launches public-private infrastructure plan Thursday, 9 Oct 2014 | 9:25 AM ET

    WASHINGTON, Oct 9- The World Bank on Thursday launched a new initiative that would bring together governments, development institutions and private investors to form public-private partnerships for infrastructure. "We have several trillions of dollars in assets represented today looking for long-term, sustainable and stable investments," World Bank...

  • UN chief: 20 times more Ebola aid needed Thursday, 9 Oct 2014 | 12:19 AM ET

    WASHINGTON— The presidents of three Ebola-stricken West African nations made urgent pleas for money, doctors and hospital beds Thursday and representatives of nations gathered for financial meetings promised more help. Koroma spoke by video from Sierra Leone to an Ebola summit at the annual meetings of the International Monetary Fund and World Bank in...

  • *Greece denies reports that EU/IMF visit ends abruptly. They said the inspectors were expected to leave this week for an annual conference of the IMF and World Bank in Washington. They will return to Athens after European bank stress tests are announced, Greek officials said.