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Raghavan Seetharaman, President & CEO of Doha Bank, talks about the company's recently-opened Sydney office - the first for a bank from the Gulf region.
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Raghavan Seetharaman, President & CEO of Doha Bank, talks about the company's recently-opened Sydney office - the first for a bank from the Gulf region.
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Leaders of the five BRICS nations plan to create a development bank in a direct challenge to the World Bank that they accuse of Western bias. The bank would use $50 billion of seed capital shared equally but dominated by China.
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Developing nations must be ready for a financial market selloff if the Cypriot banking sector collapses, World Bank Managing Director Sri Mulyani Indrawati said on Sunday, urging a swift resolution to the crisis in Cyprus.
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BEIJING, March 24- Developing nations must be ready for a financial market selloff if the Cypriot banking sector collapses, World Bank Managing Director Sri Mulyani Indrawati said on Sunday, urging a swift resolution to the crisis in Cyprus. Europe's financial markets have also traded in relative calm since the Cyprus crisis flared up.
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JAKARTA, March 18- The World Bank on Monday cut its growth forecast for Indonesia to 6.2 percent this year, from its 6.3 percent estimate in December, citing an expected moderation in domestic investment growth.
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JAKARTA, March 18- The World Bank on Monday cut its growth forecast for Indonesia to 6.2 percent this year, from its 6.3 percent estimate in December, citing an expected moderation in domestic investment growth.
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JAKARTA, March 18- The World Bank on Monday forecast Indonesia's economy will grow 6.2 percent this year, down slightly from its 6.3 percent estimate in December. Inflation in Southeast Asia's largest economy is expected at 5.5 percent this year and 5.2 percent in 2014, the World Bank.
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KABUL, March 14- Afghanistan must make improving its power infrastructure a top priority to exploit vast mineral deposits and attract more foreign investors, the head of the World Bank said Thursday. Only a quarter of Afghanistan's 30 million people currently have access to the power grid, which is for the most part supplied by its neighbours such as Uzbekistan.
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KABUL, March 14- Afghanistan must make improving its power infrastructure a top priority to exploit vast mineral deposits and attract more foreign investors, the head of the World Bank said Thursday. Only a quarter of Afghanistan's 30 million people currently have access to the power grid, which is for the most part supplied by its neighbours such as Uzbekistan.
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JOHANNESBURG, March 5- Budget cuts triggered by the fiscal crisis in the United States will have some effect on the global economy although it is unlikely to be a "big jolt", the World Bank's chief economist said on Tuesday.
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WASHINGTON, March 4- Africa's agricultural sector could become a $1 trillion industry by 2030 if governments and the private sector radically rethink policies and support for farmers, a World Bank report said on Monday.
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Rousseff has acknowledged the need to overhaul Brazil's tax system, which is considered by the World Bank to be the world's most complex. But she has so far opted for targeted tax cuts- in part because she doesn't think she can push a broader reform through Congress and its 24 squabbling political parties.
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WASHINGTON, Feb 12- The World Bank's new chief economist on Tuesday urged Group of 20 finance leaders to better coordinate economic policies in order to prevent a possible global currency war.
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SANTIAGO, Feb 7- Units of the World Bank have bought a stake in CorpBanca for a total of roughly $224.50 million as part of the Chilean bank's planned capital increase, the entity said on Thursday. Corpbanca had said in October the World Bank's private investment arm, International Finance Corp, had agreed to buy a 5.0 percent stake in the bank.
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*Emerging market SOEs pay 33 pct-- World Bank. SHANGHAI/ BEIJING, Feb 8- China's broad plan to address income inequality promises to extract higher dividends from profitable state-owned enterprises to finance a more generous social safety net.
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LAGOS/ JOHANNESBURG Feb 5- The World Bank's IFC private sector arm issued 12 billion naira worth of its debut Nigeria local currency bond on Tuesday with a yield of 10.2 percent.
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*World Bank announces $1.7 million funding for program. PORT-AU-PRINCE, Haiti, Jan 29- When Hurricane Sandy struck Haiti late last year, the home Guerda Pierre shares with her three children and mother in Cabaret, north of Port-au-Prince, was flooded- and so was the merchandise she sold to make a living.
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*Government says Paris Club deals worth $6 bln. *Japan helps it clear arrears to World Bank, ADB. In a set of deals announced on Monday, the government said it had cleared its arrears to the World Bank and Asian Development Bank and secured a huge debt write-off by creditor countries grouped in the Paris Club.
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*Government says Paris Club deal worth $6 bln. Jan 28- Myanmar has cleared its arrears to the World Bank and Asian Development Bank and secured a huge debt write-off by creditor countries grouped in the Paris Club, clearing the way for aid donors to step up work to support the government's reforms.